tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.
In the meantime, allowing retail access to local government bonds will help diversify the
investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.
The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.
hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua
rter, according to data released by the National Bureau of Statistics on Wednesday.
The growth was unchanged from that registered in the fourth quarter of last year.
The country’s industrial output posted steady growth in the same period, up by 6.5 percent
year-on-year, compared with 5.7 percent in the previous quarter, official data showed.
Fixed-asset investment growth was 6.3 percent in the first quarte
r, compared with 6.1 percent in the first two months, according to the NBS.
Retail sales increased by 8.3 percent year-on-year in the same pe
riod, compared with 8.2 percent in the first two months, the data showed.
China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.
It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in
dependently by customs officers, the General Administration of Customs said on Monday.
The case was solved in March after a combined operation of differ
ent customs offices lasting three months. A total of 238 custo
ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.
Twenty suspects were detained for further investigation, accor
ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.
Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.
nges from 1,500 to 2,000 yuan, accounting for 15 to 20 percent of the total according to the report.
JD refuted the mass layoff rumor and said more than 10,000 positions are expe
cted to be added as JD Logistics provides services to more industry customers.
Facing tougher competition from rivals such as Alibaba and Pinduoduo, JD is eyei
ng opportunities in the consumer market, which has shown great potential, Sina Finance reported.
Driven by rapid growth of e-comm
The annual survey Amazing China — the Most Attractive Chinese Cities for Expats 2018 unveiled its results at the Shenzhen foru
m of the Conference on International Exchange of Professionals on April 14 in Shenzhen, South China’s Guangdong province.
Zhang Jianguo, Vice Minister of the Ministry of Science and Technology, announced the results.
erce consumption, China’s express delivery volume reached 50.71 billio
n in 2018, an increase of 26.6 percent over the same period last year, the report said.