ures are consistent with the top-line measured GDP growth number. For example, production and
supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl
us, value-added index of transport, storage and post increased by 7.3 percent.
A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif
ting away from a development strategy based on heavy investment in industry and
infrastructure to one based on services and domestic consumption. Also, more productive industries that tur
n out higher-value added goods are growing at a much faster rate than traditional heavy industry.
Among large companies, State-owned enterprises grew 4.5 percent yea
r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro
ng progress is being made toward the goal of promoting private enterprise, which was re
inforced by many policies announced at last month’s meeting of the National People’s Congress.
portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone
tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub
mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli
nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.
Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A
mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after
the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.
“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they
will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth
er enhance cooperation on several space projects focusing on satellite networks in future.
ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.
public remarks made by Xi from September 2013 to July 2018.
Since Xi proposed the BRI in 2013, he has spoken about the initiative on many occasions.
The discourses have provided guidance for the country to develop international cooperation, i
mprove global economic governance and promote the building of a community with a shared future for mankind.
Russia – There is no alternative to the peaceful solution of nuclear and
other issues on the Korean Peninsula, Russian President Vladimir Putin said Thursday, follow
ing a meeting with top leader of the Democratic People’s Republic of Korea (DPRK) Kim Jong-un.
Russia, for its part, is ready to continue cooperation to reduce tensions on the peninsu
a, and to strengthen security in Northeast Asia as a whole, said Putin at a reception in honor of Kim.
Putin said he was convinced that with active participation of the international community and all inte
rested states, the goal of ensuring lasting peace, stability and prosperity on the Korean Peninsula can be achieved.