ion determines economic growth. Even though it will take some time, the large number of people i n BRI-related economies will ultimately prove the potential for economic development in those countries. Ma Yu, a researcher at the Chinese Academy of International Trade and Economic Cooperatio n, said the BRI provides a new impetus for the recovery of the world economy. The improvement in infra structure, and digital-related manufacturing brought by the BRI will restore the development capacity of the worl d economy and bring new opportunities for the partnership between Chinese and local companies. Also on Monday, the Office of the Leading Group for PromotingRead More →

service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year . Meanwhile, sluggish auto consumption dragged the whole consumption growth. The continuous decline of auto consumption has become a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear cher at the National Academy of Development and Strategy at Renmin University of China. Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t hat based on March data, auto production fell, however, the drop was narrowing. The National Development and Reform Commission was reportedly considering a sl ew of new measure to boost spending on automobiles, home appliances and consum erRead More →

med it was behind the horrific attacks. Yet whoever the perpetrators, the attacks on innoc ent people should be condemned in the strongest terms, and those responsible arrested and punished. Since Sri Lanka has been facing some political and e conomic problems, and increasingly acute social conf licts for the past few years, the attacks seem to reveal not just sectarian disputes but also cer tain people’s dissatisfaction with the situation in the island nation, and the rest of South Asia. The motive behind the attacks could be helplessness and desperation of certain sections of Muslims in South Asia. The rise of Islamic extremism hasRead More →

 interest in philosophy, history, literature, culture, music and sports, and that he first cul tivated many of these interests back in middle school and they have stayed with him ever since. His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote. The Niles North students also inquired whether Xi likes the US. Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos pitable people and diverse culture”, and he made a lot of friends, including some young people. He said theRead More →

 reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot ection of investors’ rights and interests, and crackdown on legal breaches, Liu said. China must promote the healthy development of the capital m arket through key institutional innovations, the Political Bureau of the Communist Part y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday. Dong said the revised law is likely to be adopted by the end of the first half of the ye ar, adding it is imperative and possible to expedite rolling out the revised version. “Previously, controversies over the registration-basedRead More →

China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI). The document, prepared by the office of the leading group for promoting the BRI, was released ahead of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing. The Belt and Road Initiative is an initiative for peaceful development and economic cooperation, rather than a geopolitical or military alliance, said the rep ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.” “It neither differentiates between countriesRead More →

The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said. “Altogether we have information of 207 dead from all hospitals. According to the information as of now we have 450 injured peop le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo. Altogether eight explosions have ripped through the country so far, with six blasts hitting in t he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday. The Morning explosions occurred when hundreds of worshipe rsRead More →

the Cinnamon Grand, Shangri-La and Kingsbury hotels in the capital, which occurred following the church blasts. 2 more explosions hit Sri Lanka A Sri Lankan military spokesman has confirmed two more explosions just outsi de the capital, hours after six nearly simultaneous blasts rocked churches and luxury hotels. The spokesman, Brig. Atapattu, says a 7th blast occurred at a guestho use in Dehiwala, killing at least two people. Atapattu says an 8th blast occurred in Dem atagoda on the outskirts of Colombo. He did not have details on the Dematagoda blast. 7 suspects have been arrested State Minister of Defense Ruwan Wijewardene says seven suspects haveRead More →

the explosion sites, the police said.Television footage showed ambulances r ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in the east and the Negombo Hospital on the outskirts of the capital where the explosions took place. There has been no claim of responsibility so far for the multiple blasts. In just one church, St. Sebastian’s in Katuwapitiya, north o f Colombo, more than 50 people had been killed, a police official told Reuters. Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province. Prime Minister Ranil Wickremesinghe called a national security council meeting atRead More →

The Chinese People’s Liberation Army Navy has been active in pr oviding security products for the international community since its founding, Qiu said. The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th an 60 joint military drills with foreign navies over the 70 years, according to Qiu. Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor t over 6,600 vessels, more than a half of which were foreign merchant ships, he added. Since 2010, the naval hospital ship Peace Ark has traveled toRead More →