Premier Li Keqiang delivered the Government Work Report to the second session of th
e 13th National People’s Congress in Beijing on Tuesday mornng. Here are the highlights:
China will raise its fiscal deficit target to 2.76 trillion yuan, or 2.8 percent of GDP, this year from 2.6 percent in 2018. Tota
l government expenditure is budgeted at over 23 trillion yuan, up by 6.5 percent from last year.
The measure is being taken to stabilize economic growth by enlarging government spending. As a major me
asure to tackle economic risks, the proactive fiscal policy in 2019 will become stronger and more efficient.
China set its GDP growth target for this year at between 6 percent and 6.5 percent as the country pursues higher-qua
lity development amid mounting uncertainties in the international economic landscape.
China also set its target for consumer inflation growth at 3 percent for this year, wh
ile it will try to keep growth of the broad measure of money supply, or M2, largely at the same level as last year.
foreign investors’ rights regarding issues such as intellectual property rights protection a
nd technology transfer that are of common concern to foreign investors, according to Zhang.
Investments from Hong Kong, Macao and Taiwan regions are distinctive
in a way that they are not foreign investment, but are not entirely equivalent to domestic c
apital, and in practice, they are managed with reference to foreign investments, Zhang said.
With the new foreign investment law in place, relevant legal appli
cation arrangements will not be changed, and legal systems regarding investment from Hon
g Kong, Macao and Taiwan will be continuously revised and improved in coherence to the needs of the practice, and
will further provide a more open and easy business environment for investors from Hong Kong, Macao and Taiwan, he said.
An ongoing reform of China’s college entrance exam and enrolling system, under which stude
nts used to be selected for their performance on a single test, has been extended to cover more pro
vinces in China, according to the Ministry of Education.
Initiated in 2014, the reform aims to make the selection of studen
ts and their enrollment in universities a more sc
ientific and fair procedure and promote education for students’ all-around development.
In 2018, the reform was expanded to eight provincial-level regions, n
amely Hebei, Liaoning, Jiangsu, Fujian, Hubei, Hunan, Guangdong and Chongqing, whe
re Year-1 high school students starting from fall 2018 needed to prepare for the change.
CAIRO – At least 20 people were killed and more than 40 others wounded when a fire erupted inside th
e main train station in the city center of Egypt’s capital Cairo on Wednesday, state-run Nile TV reported.
The blaze broke out as a train crashed into the pavement, the report said.
TV photographs showed clouds of black smoke billowing from the main building in the station.
Dozens of ambulances and firefighters had rushed to the scene.
Eyewitnesses at a hospital said the corpses were completely burned.
Doctors told Xinhua that most of the wounded are of second or third degree of burn and in critical conditions.
The train movement to and from Cairo has been suspended.
Egyptian Prime Minister Mostafa Madbouly is following th
e repercussions of the incident with the transport minister, according to Nile TV.
d to persuade the world to use its 5G technology and not cave to pressure from Washington.
”This is not something that should be decided by politics,” Huawei’s chairman Guo Ping said on Sunday, ahead of the formal start of Mobile World Congress.
Guo said he was hoping “independent sovereign states” will make “independent decision
s based on their own understanding of the situation and will not just listen to someone else’s order.”
Huawei is taking the center stage at this year’s MWC in Barcelona. The event is expected to attract around 100,000 visi
tors. To get in, they will all need a badge like this, with a Huawei lanyard. pic.twitter.com/D6PRmZpqxe
— Ivana Kottasová (@IvanaKottasova) February 24, 2019
The US government is trying to convince its allies to shun Huawei equip
ment, which it says could be used by the Chinese government for spying. The company vehemently denies that claim.
”Just because you are from a certain country doesn’t mean your equipm
ent is not secure,” Guo said. He added that Huawei must abide by Chinese law and the
laws of countries where it operates. “Huawei will never, and dare not, and cannot violate any regulations,” he said.
Vice President Mike Pence described Huawei as a “threat.” Secretary of State Mike Pompeo has warned other cou
ntries that using Huawei would make it more difficult for the United States to “partner” with them.
(2 a.m. ET) and close at 2 p.m. (8 a.m. ET) Saturday, but reports soon emerged of widespread delays.
In the megacity of Lagos, CNN visited multiple polling stations, all of which opened hours la
ter than planned. Voters said they had lined up for hours before electoral officers arrived with voting materials.
To cast their ballots Saturday, voters were expected to complete an accreditation process in which officials from Nigeria’s Independent National Elec
toral Commission take their fingerprints and scan their permanent voting cards.
A nurse told CNN she turned up at a polling station after working a night shift, only to face a long wait.
”I am supposed to be resting now, but I came to the polling station (at) 7:30 a.m. thinking they the electoral commissi
on officials) will be here, but it’s two hours now, and they have not come,” Juliet Emoedin said.
Festus Okoye, a national commissioner for the electoral commission, sa
id stations that opened late would close an hour later, according to the Nigerian Television Authority, the state
Since Myanmar embarked on its political transition, political elites in the country have championed that peace is the premise for econo
mic and social development. In the first two years of the government led by National League for Democracy (NLD), Nay Pyi Taw devoted a lot
of efforts to promoting national reconciliation with the hope of making a major breakthrough and consolidating public su
pport. Regrettably, results are not satisfactory. The NLD government is currently locked in a stalemate over national reconciliation.
It has also performed poorly in boosting the economy and improving people’s lives. Main economic in
dicators suggest that since the NLD government assumed power, Living standards haven’t su
bstantially improved, and more economic problems have surfaced to plague the country. One of the main rea
sons why the NLD lost seats in the 2018 elections is the government’s lackluster economic performance. If the ec
onomy doesn’t improve, it will inevitably affect the NLD’s potential for victory in the 2020 election.
Therefore, the NLD government is now attaching increasing importance to economic and livel
ihood issues. It has issued a string of policies to attract foreign investment. Take the new Mya
nmar Companies Act. Under the law, foreigners are permitted to take up to a 35 percent stake in local companies and bu
sinesses with foreign stakes of more than 35 percent will be classified as a foreign company, which facilitates co
operation between foreign investors and local businessmen and will help attract more foreign investment.
ch year is linked to how rapid urbanization has driven and been driven by China’s historically
high annual economic growth rates over the past four decades of reform and opening-up.
With the benefits of migration increasingly visible, and the main obstacles to rural-to-urban migration removed (including through massively ex
panded transport infrastructures), the number of internal migrants has increased by 35 times between 1982 and 2018.
However, China’s household registration system complicates the migration process. For m
any reasons, a major unintended effect of migration has been the creation of large populations of left-beh
ind family members－elderly parents, spouses and children, each of these subsets totaling tens of millions.
Beyond the gift-sharing and merrymaking of family reunions, Spring Festival pr
ovides opportunities for improving care arrangements for left-behind parents, spouses and children.
This social value of the festival is important since we know that despite on
going improvements, left-behind children and elderly people have poorer ac
cess to quality education, health and social protection services, compared with their peers in the big towns and cities.
Stock markets in China edged up on Tuesday as market sentiment was partly boosted by the news about the upcoming Bay Area blueprint.
The benchmark Shanghai Composite Index rose 0.68 percent to close at 2,671.89
points, while the Shenzhen Component Index closed 1.15 percent higher at 8,010.07 points.
Gains were seen across Greater Bay Area-related sectors.
Kaisa Group, which owns lots of land in the bay area, surged 3.5 percent, while Shen
zhen International Holdings and Shenzhen Invest both notched healthy increases.
5G-related stocks were also up as China Tower closed 2.4 percent higher while Yangtze Optical Fibre and Cable climbed 3.5 percent.
circulation industry development, said online sales have become an important engine to stimulate domestic spending and i