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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.
ntry in the forest sector by the middle of this century in a guideline on promoting the greening of the homeland issued in November. The count
ry also aims to increase its percentage of forest cover from 21.7 percent in 2018 to about 23 percent in 2020, and 26 percent in 2035.
China’s digital trade is expected to lead global trade development, with the economic value of di
gital trade-enabled productivity benefits to the Chinese economy estimated to reach 37 trillion yu
an ($5.5 trillion) by 2030,according to a report on how China can capture digital trade opportunities at home and abroad.
Digital trade has become increasingly important; there are a lot of definitions of digital trade going on, with
the most common one being e-commerce, including monetary transactions and exchanges of goods and services, said re
search project head Konstantin Matthies, noting the report studies digital trade with a much broader approach.
“Digital trade” refers to the production, distribution, marketing, sale or delivery of goods and servi
ces – domestically and abroad – supported by cross-border digital flows. This consists of trade in digi
tally enabled products and services and cross-border data flows that create economic value in the domestic economy, acc
ording to the report jointly released by the Center for China and Globalization as well as the Hinrich Foundation.
gmatism over its decision of endorsing the Belt and Road Initiative (BRI), saying Xi and Mattarella agreed
that China and Italy, which are at the two ends of the ancient Silk Road, are natural partners in constructing the Belt and Road.
Conte, according to Wang, said the BRI will bring great opportunities to Italy. He also agre
ed to attend the second Belt and Road Forum for International Cooperation to be held in Beijing next month.
France is one of the earliest European countries that have expressed the willingness to take pa
rt in the BRI cooperation. During Xi’s visit to France, the two countries signed agreements on the third round of the BRI-related dem
onstration projects in third-party markets and kicked off a third-party market fund, Wang said.
At the closing session of a global governance forum co-hosted by China and France, Macron
said the BRI is significant and can play an important role in world peace, stability and development, adding that the EU could align
its development strategy with the BRI in an innovative way and jointly promote Eurasian connectivity.
all of US higher education in order to promote bilateral educational exchanges, he said.
”I am here precisely because, like you, I believe these ties are extremely import
ant for our academic institutions, but even more importantly, for our nations,” he said.
He noted that there are a large number of overseas students from China at Har
vard, and the Chinese language is among the most popular foreign languages at the institution.
He also expressed his admiration for the great emphasis the Ch
inese government has placed on education and its efforts to enhance higher education, addi
ng that Harvard University is ready to move forward with exchanges with Chinese education and research inst
itutions.He calls for tapping partnership potential in such sectors as shipping, telecommunications
China stands ready to work with Italy on the Belt and Road Initiative by strengthening its alignment with the Eur
opean country’s development strategies to bring bilateral ties to a new level, President Xi Jinping said.