And given that the other major economies are using fre

e trade zones上海千花网品茶微信j as a strategic means to play geopolitical and geo-economic games, China should accelerate the b

uilding of free trade zones with other countries under the bilateral or multilateral investment ag

reement framework for a diametrically opposite purpose: boosting global economic cooperation.

The focus of international trade policy has shifted from tariffs and licensing to convenient inves

tment and trade facilitation policies, and creating of a business-friendly climate. So while ope

ning up the domestic market and helping improve the utilization of foreign capital, China should also work out de

tailed rules on the foreign investment law, take steps to remove the obstacles to outbound Chinese investments, promote th

e free flow of global and domestic production factors, and expand its economic development space.

Important to reform global governance system

To stabilize the economy and prevent risks, China should seek more govern

ment-funded infrastructure investment projects in fields such as 5G networks, intellig

www.hebeishengxin.cn

hina spends heavily on government-subsidized housing

China’s fiscal sp上海419论坛女神会所ending on government-subsidized housing saw a rapid increase in 2018 am

id government efforts to curb housing speculation and improve people’s livelihood.

Fiscal expenditures on government-subsidized housing projects totaled 737.2 billion yu

an ($107 billion) last year, up 46.4 percent year-on-year, the Ministry of Finance said in an online statement.

The funds helped the renovation of 6.26 million shantytown units in u

rban areas and 1.9 million dilapidated houses in rural areas, and supported the co

nstruction of the matching facilities for 300,000 public rental housing, the ministry said.

The ministry vowed to strengthen supervision and management of the funds for government

-subsidized housing in 2019, and standardize the financing for shantytown renovation projects.

The country saw stable housing prices last year amid government co

ntrol policies under the principle of “houses are for living in, not for speculation.”

www.qiancengdian.cn

Nearly three years after the United Kingdom voted by per

rcent to 48 percent to leave the EU, it remains a member and its politicians are still argui

ng over how, when or even whether the country will leave the club it joined in 1973.

May quit on Friday, saying it was a matter of deep regret that she had been unable to deliver Brexit and

arguing that the decision of the 2016 referendum should be honoured. That opened up a period of furt

her uncertainty as the Conservatives decide on who will take over as party leader and prime minister.

BBC projections put the Conservatives on around 10 to 12 percent, down fr

om 23 percent in 2014, likely to be one of the party’s worst results in a nationwide election ever.

The Brexit Party was in first place, and was likely to do better than

the UK Independence Party did in 2014, according to BBC projections.

ax153.cn

Stage collapse kills child in Fujian provincetists may have f

An accident Saturday night where a

theater stage collapsed has killed one child and injure

d 14 people, said the local emergency management office in Zhangzhou, Fujian province on Sunday.

The Jinshuixian theater in Zhangzhou Development Zone hosted a children’s dance audition the night of May 25.

During the audition, part of the theater’s center stage collapsed, killin

g a 13-year-old participant. Injured participants are receiving treatment in hospitals.

Companies and organizers involved in the accident are in police custody.

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n 2018, the handling capacity of the Port of Dunkerqu

 reached 51.6 million tons, with ore and container freight volumes breaking records. Aut

horities said that the port’s investment budget for 2019 would reach 48 million euros.

Situated at the heart of a triangle between Brussels, London, and P

aris, the Port of Dunkerque is the third largest port in France after Port Le Havre and Port Marseille.

The port has 18 professional terminals and a logistics park with storage facilities for food, hydrocarbons, chemicals and cereals.

Public security authorities have destroyed over 200 cross-re

gional criminal networks and more than 400 peer-to-peer lending platforms suspected of i

llegal fundraising between the beginning of 2018 and the first quarter of 2019, according to the Ministry of Public Security.

They have also filed 19,000 illegal fundraising cases involving 410 billion yuan ($59 billion), the ministry said in a news release.

cctif.cn

Balancing growth with structural reformting perform

After a disappointing performance in 2018, China’s economy appears to be stabiliz

ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow

th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar

ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.

Moreover, fixed-asset investment (FAI) grew by 6.3 percent-0.2 percentage points higher than in the previous quar

ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in

frastructure (4.4 percent). The growth of investment both in real estate and infrastru

cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.

www.weishow.com.cn

ves us hope that China could become a global movie pow

powerhouse in the future, even though Chinese filmmakers have to hone their skills and g

ive life to attractive and meaningful stories on screen in order to compete with the world’s best.

Filmmakers should focus more on publicity

Li Guomin, adviser to China Film Association and Changchun Film Group Corporation

That China has produced some excellent films, including the Red Sorghum, Farewell My Concubine and The Wan

dering Earth, while allowing foreign films to be screened in the country demonstrates both its cultural inclu

siveness and independence, without which the Chinese movie market could not have become so vibrant.

In some sense, China has made more marked achievements in reforming and developi

ng its film industry than most other countries, including India that is known for its Bollywo

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Faster checks for inbound pets in placegs, cats to got

No need for dogs, cats to go through quarantine if they meet set conditions

Pets owners no longer need to be separated from their beloved dogs or cats when they ar

rive in China from overseas if they meet certain conditions, under a regulation that took effect on May 1.

Dogs or cats with valid electronic chips arriving from 19 designated c

ountries or regions no longer have to undergo weeklong quarantines if they pass on-site inspe

ctions at ports of entry, according to the regulation released by the General Administration of Customs earlier this year.

The designated countries and regions are New Zealand, Australia, Fiji, French Polynesia, Hawaii and Guam of the Unite

d States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, Cyprus, Portugal, Sweden, Switzerland, J

apan and Singapore, as well as China’s Hong Kong and Macao special administrative regions.

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“It is the predictability, transparency and nondiscr

rimination bent of the law which, in my view, will lead to a significan

t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.

Overholt said “the list of issues that President Xi has addr

essed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini

tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need t

o know the details” of how the promises would be delivered, Overholt said.

ypwhl.cn

It is welcome news to hear that the National People’s

Congress has already taken steps to lay the groundwork” for implementing the new Fo

reign Investment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in

related government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment regi

mes, as China’s BRI is already delivering capital and know-how to other developing countries.

Overholt said that China’s past opening-up has been “extremely positive” gl

obally, and the BRI is a “very positive” vision that is good for China and the world.

“The key will be the implementation,” he said. “If the implementation is improved, it would be good for everyone.”

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