Report: China’s speed of development rarely seen

The speed of China’s development has rarely occurred in economic h

istory, with the country’s economic aggregate breaking 90 trillion yuan over the last 70 yea

rs for China to become the world’s second-largest economy in 2018, said financial news outlet Yicai on Friday.

In 1952 China’s GDP was 67.9 billion yuan, with per-capita GDP standing at 119 yuan.

In 2018 the two figures surpassed 90 trillion yuan and 64,644 yuan, making for respective multiplications of 1,325 and 542 times.

The first Five-Year Plan (1953-1957) began China’s industrialization, concentrating efforts on developing heav

y industry and establishing the foundations for the modernization of national defense.

On the plan’s completion in 1957, China’s GDP reached 106.9 billion yuan, a 57 percent increase compared with 1952.

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hina should aim to be上海夜网品茶微信ortant player in

conveying cultu上海夜网品茶微信ral values in the global film market in fu

ture, he adds, but for now it should focus on cultivating talent and polishing stories.

Ren Zhonglun, chairman of the Shanghai Film Group, says the slowdown

could also become a turning point to rebuild a better future for the local film industry.

“The slowdown will make us think more about how to shape Chinese ci

nema’s own style and appeal, instead of hurrying up to catch up with the United States,” says Ren.

“Movies are always about people and their stories. I believe a good film, no matter

what genre it falls in, should be thought-provoking and artistically creative,” he adds.

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SAR government in上海夜网女神会所Kong in accordanc

ance with the law上海夜网女神会所 and uphold the SAR’s prosperity and stability with people from all sectors.

Since the return of Hong Kong, the policy of “one country, two systems” and Hong Kong people governi

ng Hong Kong with a high degree of autonomy has been faithfully implemented, and the rights a

nd freedoms of Hong Kong residents have been fully guaranteed according to law, Geng said.

Maintaining Hong Kong’s prosperity and stability serves not only China’s

interests, but also the interests of all countries across the world, he said.

“I would like to emphasize that Hong Kong is China’s SAR and its affairs ar

e purely China’s internal affairs that brook no interference from any country, organi

zation or individual,” Geng said, adding China’s determination to safeguard its sovereignty, security and

development interests, and uphold Hong Kong’s prosperity and stability is rock solid.

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He recommended that under the normal circumstances

market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank

can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.

Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if

the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.

Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte

ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu

ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma

tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.

If trade tensions start to have “bigger impacts” on the economy, he said

nd force low-end manufacturers to move out more rapidly, it might increase the pres

sure on unemployment. So supporting domestic consumption and encouraging the development of the servi

ces sector, especially labor-intensive services, could help mitigate the pressure, he said.

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Improving governance in rural areas is a complex pr

roject, considering disparities between different regions in terms of hist

ory, economic development and culture,” Zhang said. “We hope different areas can draw

upon the successful experiences of others and find proper ways of rural governance that suit their region best.”

China will release a list of generic drugs by the end of June this year to g

uide enterprises to develop, register and produce urgently needed generic drugs fo

r clinical use, public health and safety, according to the National Health Commission.

Those on the list will be the first batch of generic drugs of which production will be encouraged, the Commission said, ad

ding that a renewed list would be released by the end of each year starting from 2020.

With healthcare reform going deeper and a population increasingly ageing, China encoura

ges both the creation of new drugs and the research and development of generic drugs, and strives

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Liu told Regan that China has made its position very cl

lear that if the US treats the Chinese negotiating team with respect and shows the willingness to talk wit

hout using outside pressure, there is a high possibility that there could be a productive trade deal.

“Otherwise, I think we might be facing a prolonged period of problems for both sides,” she said.

Regan, at the close of their 15-minute talk, said again, “No one wan

ts trade wars. But we have to think long hard about the right next steps.”

Liu, however, did counter an assertion by Regan that China’s government controls its entire economy.

“Everybody thinks that China’s economy is state-owned, state-controlled, every

thing is state, state, state. Let me tell you that is not the true picture,” Liu said. “We are a

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Market-oriented reform and opening-up will improve pr

roductivity in the service sector, which is an important thing that China is focusing on to stabilize economic growth,” Zhu said.

Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest

ors are welcome to conduct all forms of financial business in China, excepting those being named on a neg

ative list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.

Li Daokui, director of the Academic Center for Chinese Economic Practice and Thinking at Tsing

hua University, said China “should be more confident” in accelerating opening-up of its financial sec

tor, which will help global investors seize numerous opportunities in the Chinese market.

Domestic financial institutions are now capable of engaging in fiercer competition with global peers as their serv

ice abilities in many aspects, such as banking and insurance, have improved a lot over the past years, Li said.

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The resident of Chengdu, Sichuan province, is a popular vlogge

and his reviews of digital appliances have won him more than 124,000 fans on social media.

He had never eaten hotpot alone before. However, he happened to be in

Beijing on business and when he heard the restaurant offered stuffed toys as co

mpanions for solo diners he decided to visit and produce a vlog so his fans would know how it felt.

Knowing that a large number of unattached people often

spend festivals alone, Pu hoped his vlog would help them enjoy their solitude.

Even though he was the only solo diner in the restaurant, Pu said he didn’t feel at all awk

ward eating with a toy companion. The vlog showed him eating casually, occasionally scrolling through his phone, an

d having a video chat with his family. The restaurant was full of diners, but no one gave him a second glance.

“Overall, it was very enjoyable; the only thing was that I can’t eat too much so I only ordered a small amount of food,” he said.

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ourage the innovation of original technologie

 and enhance intellectual property right protection, Xi said. He called on

the governments to build a stable, fair and transparent business environment, and to he

lp private enterprises and small and medium-sized companies to address their difficulties in finance.

Governments in the central region should attract advanced manufacturing enterprises moved from the coastal reg

ion, take part in Belt and Road international cooperation, enhance the protection of the environment, create m

ore jobs for poverty reduction and make relevant policies to support the rise of the central region, Xi said.

hina will further open and reform its markets, as well as facilitate a predictable busin

ess environment to help companies improve their ability to respond to risks, said the Ministry of Commerce.

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So far, 15 countries including Iran and Mongolia have

According to the administration, the mechanism can switch the on-duty satellite to a quick-scan mode focusing on areas required by users when they are hit by disasters.

“During disasters, Fengyun satellites can scan as often as every five or six minutes. The China Meteo

rological Administration could send users cloud images and products via satellites and public clouds,” Wei said.

For example, in March, China provided a remote-sensing monitor repo

rt on flooding in Iran via Fengyun. The analysis estimated the coverage and ter

rain characteristics of the flooded area, which greatly assisted the country’s evacuation efforts.

China has launched 17 Fengyun series meteorological satellites, of which seven are currently operational.

The World Meteorological Organization has included China’s Fengyun serie

s of meteorological satellites as a major element of its global Earth observation system.

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