Month: April 2019

nd the winter sports industry in China? And what

Winter sports are relatively new to China and not played by

many Chinese people. In recent years, the Chinese winter sports team particip

ated in some individual events in the 2016 World Short Track Speed Skating Championships in Seoul and

the 2018 Winter Games in Pyeongchang, the Republic of Korea, and won some medals, including gold medals.

The development of winter sports in China suffers from reg

ional imbalance, with people in the northeastern region being

the most avid fans and practitioners of winter sports.

But after winning the bid to host the 2022 Winter Games, especially s

ince the issuing of a guideline that aims to prompt 300 million people to play winter sports by 20

22, the development of winter sports and the winter sports industry has gathered pace in China.

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Chris Rowley, a visiting professor from Oxford Uni

University’s Kellogg College in England, called openin

g to more foreign investment a very important development.

“Of course this will expose both inward investors and indigenous organ

izations to some stark differences in management and doing business between them, which in tu

rn requires more globally effective leaders who are les

s ethnocentric and more culturally aware,” he said.

Sikhumbuzo Zondi, a research assistant at th

e Institute for Global Dialogue associated with

the University of South Africa, said another important aspect of Xi’s

opening address was the desire to invest more resources in scientific innovation and technology.

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hina sees the BRI as a method by wermanent c

hich it can make a substantial and permanent contributi

on to lasting peace, common security and global prosperity.

“While some Westerners may scoff at the impact they think the BRI may have on these is

sues, Xi genuinely sees the BRI as a global development project and will continue to wholeh

eartedly put China’s money, resources and energies into this project,” he said.e of these concerns is the

need for infrastructure projects to be more responsive to the local circumstances of BRI me

Chen Weihua in Brussels, Bo Leung in London,

Zhao Huanxin in Washington, Edith Mutethya in Nairobi and Chen Yingqun in Beijing contributed to this story.

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Nation remains on the right track of maintaining gro

The National Bureau of Statistics reported last week that China’s top-line GDP growth rate

in the first quarter was 6.4 percent, at the upper end of the government’s target of 6 to 6.5 percent grow

th for 2019. This faster-than-expected growth gives policymakers some breathing room to continue a stable mone

tary policy and to implement fiscal policies aimed b

oth at transforming the economy and at reducing the risks of accumulated debt.

Chinese policymakers are dealing with the hard dilemma of simultaneously transformi

ng the long-term nature of the economy while avoiding short-term inflation or recession. To transform the econo

my, the nation needs to continue to reduce outstanding debt levels and shift from overcapacity heavy and extractive indu

stries to a more innovative, consumer-focused economy. The danger is that moving too fast in that direction coul

d throw lots of people out of work or cause the financial collapse of companies.

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Chen Zhongjie, general manager of Hongdong Fishe

a company based in Fujian province, said that as a private fishery company, it is difficult for it to o

btain loans for investing overseas, and his knowledge about overseas markets is limited.

Sinosure’s insurance services have helped Hongdong obtain financing and accelerated Hongdo

ng’s construction of a whole industrial chain fishery plant in Mauritania, where infrastructure was very poor.

“Chinese companies do invest in the fishing industry overseas, but ev

erybody faces different situations, including differences in policies, regulations and cul

tures,” Chen said. “Sinosure has given us a lot of information about investment destinations. Its insurance services have increas

ed our credit and helped us obtain financing from banks, which in turn has helped ensure the success of our project.”

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Vision China events have been previously held in B

eijing, Hangzhou, Johannesburg and London. The events have been broadcast live on inter

net and multimedia platforms, reaching an international audience, particularly young people.

This upcoming event will also be broadcast live on the China Daily website and ap

p, as well as China Daily’s account on Sina Weibo, Tencent Video, Toutiao, Bilibili, Facebook and Twitter platforms.

A former Peking University student suspected of killing his mother has been captured after th

ree years on the run, said a Fuzhou Public Security Bureau official on Thursday, Beijing News reported.

Wu Xieyu was caught at Chongqing Jiangbei International Airport when boa

rding a plane on April 21, the newspaper reported, quoting sources close to the police.

The Belt and Road Initiative aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road and deliver polici

es, infrastructure, trade, financial and people-to-people connectivity via a new platform for a brighter futur

Man suspected of killing mother arrested after three years on the run

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Xi’s speech draws positive reactions at Second Belt and Road

Editor’s note:?President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt and Road Forum for International Cooperation in Beijing

on Friday.China is going to open much more as it did before f

or foreign investment, and this is quite important for the whole initiative.

Here is a collection of comments from foreign ministers, delegates, and reporters attending the forum.

President Xi offered a vision of the Belt and Road Initiative t

hat inspires confidence in us, especially as small island developing states.

Facing challenges such as global warming and lack of development

financing, we in the Caribbean region welcome the opportunities presented by the initiative.

President Xi must be commended for his visionary leadership an

d his boldness in offering a new path for a brighter and shared future.

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President Xi’s speech was an assurance to Africa an

?the rest of the world that the Belt and Road Initiative is a helping hand try to help Africa get out of the problems of poor infras

tructure. For me, I think it is very important. And African countries should clap hands for this assistance.

Improving the infrastructure, which is very key in reducing the cost of doing business

in Africa and at the same time creating job opportunities, will help Africa in a few years.

What really interests me is that President Xi talks about the fact that the

initiative boosts the developments of countries along the Belt and Road Initiative.

He talks about the fact that different railways have been built. Some other pipeli

nes have been also constructed. The Belt and Road Initiative has connected many different areas which are very importa

nt. We really need this kind of interconnection. So now countries will become closer due to the Belt and Road Initiative.

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President Xi’s speech deeply motivated us and touch

ed our heart. I have the same feeling about world development. The speech really firms our belief in a more intercon

nected and mutually developed world. China’s policy of persisting in reform and opening up is an inspiring polic

y to the world. It will build so many bridges of mutual development for the belt and road region. China is going to main

tain a friendly and peaceful development attitude, and it will help the Belt & Road countries to get investment wit

h high quality. Also, President Xi really showed us a new model of development and investment, focusing on s

ustainable development, green economy, which helps the world to become a better place to live.

More Chinese will take medium- and short-distance trips during the May Day holiday after it was ext

ended to four days and travel time by high-speed train was shortened, according a travel report released recently.

The Labor Day holiday this year has been extended from one to four

days, according to the State Council’s response to an appeal from the public in March.

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Wang Zhiguo, chairman and president of Shenzhen

?Skyworth-RGB Electronic, a subsidiary of Skyworth Group, said the express helped reduce logistics time by more than 66 percent.

Enticed by the growing influence of China Railway Express on China-Europe trade, more compa

nies have signed agreements with Chengdu to conduct import-export logistics and production capacity coop

eration with Europe. They’ve also reached cooperative intention with local companies in bonded processing and logistics.

That includes electronics giant TCL Corp, Lenovo Group, the world’s

largest manufacturer of personal computers, and AVIC Chengdu Aircraft Industrial Co Ltd.

The production of Skyworth, TCL and electronics company Dell in Chengdu also saw significant growth.

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