China’s foreign direct investment up 6.5% in Q1

China’s foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of t

his year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.

FDI in China from non-financial sectors reached $35.8 billio

n in the first three months, up 3.7 percent year-on-year.

Investment from South Korea, the United States and Germany in China m

eanwhile increased 79.6 percent, 71.3 percent and 86.1 percent year-on-year, respectively.

Foreign capital flowing to the country’s high-tech manufacturing s

ector surged 14.8 percent year-on-year to 25.97 billion yuan during the same period.

March’s FDI amounted to 95.17 billion yuan, up eight percent year-on-year.

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Paris fire sends alarm on relics protectionhedral in Pa

An inferno that destroyed the spire and a large portion of the wooden roof structure of the 12th-century Notre Dame Cathedral in Pa

ris on Monday reinforced a cautionary message to Chinese authorities about the need to better protect vulnerable heritage sites.

The National Cultural Heritage Administration held a staff meeting on Tuesday night at wh

ich officials discussed the Paris fire and six major fires that have taken place at Chinese cultural heritage sites this year.

“The fire at Notre Dame in Paris rang the warning bell for us,” Song Xi

nchao, deputy director of the administration, said in an interview on Tuesday.

“The safety of cultural heritage sites is a red line that can never be crossed. It’s a global issue,” he said.

The six fires were in Sichuan, Fujian, Jiangxi, and Zhejiang provinces, officials said.

On Jan 6, a hall at Yunyan Temple in Jiangyou, Sichuan province, burned down. On

Feb 2, a wooden family temple from the Qing Dynasty (1644-1911) in Nanchang, Jiangxi, was destroyed by fire.

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D’s stock tumbled after the student first accused Liu in A

August, and its shares have slowly crawled back since Decembe

r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv

anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.

JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round

of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega

l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.

The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.

The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i

nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.

The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.

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Innovation links with Japan encouragedForeign Minis

Premier Li Keqiang called on China and Japan to boost cooperation in innovation to see more pra

gmatic outcomes, and to further work together in areas including finance, third-party markets and tourism.

The two countries should also create a fair and unbiased business environment for each other’s en

terprises, Li said in a meeting with visiting Japanese Foreign Minister Taro Kono in Beijing on Monday.

The meeting came after a China-Japan high-level economic dialogue,

co-chaired on Sunday by State Councilor and Foreign Minister Wang Yi and Kono. The dia

logue, also attended by ministers of agriculture, industry, commerce and environ

mental protection from both countries, was also the first to be held in China between the two nations since 2010.

Li congratulated attendees on the successful hosting of the dialogue in his opening remarks, noting that bilateral relation

s are back on the right track and have seen new progress thanks to joint efforts of the two sides starting last year.

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On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

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Lu made the remarks in response to recent media repo

 reports that India decided not to send a delegation to the second Belt and Road Forum for Internati

onal Cooperation later this month in Beijing. The reports said the initiative undermines the South Asia

n nation’s sovereignty via the BRI-related China-Pakistan Economic Corridor.

Lu said that, “If this decision about whether to participate in building the Belt and Road

was possibly made through a misunderstanding”, China firmly and sincerely advances the constr

uction of the Belt and Road on the basis of consultation and contribution for shared benefits.

He added that the initiative is open to all parties that are inter

ested in and willing to join in win-win cooperation.

It will not exclude any party, he said, adding that China is willin

g to wait if relevant parties need more time to consider their participation.

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Economic data for March have beaten market expectat

ons in many aspects, and based on those data, China’s year-on-year GDP gr

owth rate in the first quarter may reach 6.3 percent or a bit higher,” said Liu Chun

sheng, an associate professor of economics at the Central University of Finance and Economics in Beijing.

Improved market expectations resulting from progress in the Sino-US trade talks and Beijing’s tax and

fee cut plan, as well as eased liquidity, have helped to offset negative effects of the traditional Spring Fes

tival holiday and downside pressure that continued from the end of last year, Liu said.

China has set this year’s GDP growth rate target at 6 percent to 6.5 perce

nt, after registering full-year growth of 6.6 percent in 2018 and 6.4 percent in the fourth

quarter. The NBS is scheduled to announce the country’s first-quarter economic growth data on Wednesday.

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Premier Li signs revised regulation on gov’t informati

Premier Li Keqiang has signed a revised regulation on the disclosure

of government information to better respond to public concerns.

The revision, based on the 2008 version, is aimed at increasing openness of government

affairs and resolving prominent problems in government information disclosure.

It also represents the headway and achievements made in this field over the past years and clarified the scope of governm

ent information disclosure, calling for constantly expanding information disclosure.

Stressing the need to improve the legal rights and interests of the a

pplicants and related parties when applying for information disclosure in accordance with pr

ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num

ber of applicants affecting the normal conduct of government information disclosure.

Efforts should be made to improve the effectiveness of government information disclosure by using information techn

ology, to enable government information to play its due role in serving the people, it added.

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Shanghai, China’s financial hub, prevailed as expats’ fa

favorite city to work and live in for the sixth year in a row, followed by Beijing, Hefei, Hangzhou, Shenzhen, S

uzhou, Qingdao, Tianjin, Xi’an and Wuhan.

The campaign also looked at cities with the most potential to attract expats, naming X

iamen, Nanjing, Urumqi, Guangzhou, Xuzhou, Haikou, Kunming, Jinan, Dalian and Chengdu.

In recent years, China has implemented a work permit system for foreigners to come to Chi

na and a visa system for expats. This has promoted the government affairs, policies, work and living

environment of Chinese cities, allowing more expats to live and work better in China.

The survey has been conducted for nine years, starting in 2010. The A

mazing China 2018 poll took place from November to December. Results were anal

yzed from 239 signed votes from top expert panels, 2,815 votes from foreign experts, and 94,849 votes from internet users.

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China, CEECs agree on more connectivity cooperation

Croatia, April 13 — China and the Central and Eastern European Count

ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.

The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t

he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.

According to the guidelines, China and the CEECs are willing to pro

mote railway projects cooperation in line with respective laws and regulations and through

consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza

tion development, management, technology development, logistics and freight terminal construction.

China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is

welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u

nder the understanding that it respects the principles of transparency and non-discrimination.

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