The latest official tone came from central bank’s D

puty Governor Chen Yulu over the weekend. He reassured that monetary policy will remain “p

rudent” and “with proper intensity”. The growth of broad money supply (M2) and aggregate social financi

ng should align with nominal GDP growth, according to a statement on the central bank’s website.

The deputy governor delivered a speech at the 39th mee

ting of the International Monetary and Financial Committee in Washington.

Chen also stressed that the further improvement of the exchange rate regime wo

uld “keep the renminbi exchange rate generally stable at an adaptive and equilibrium level”.

Lu Ting, chief economist in China with Nomura Securities, wrote in a research note that de

spite solid credit growth, underpinned by ongoing monetary and credit easing measures, the government is u

nlikely to engineer another long and large-scale “credit boom” due to much narrower policy room than before.

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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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On investment, members of the cooperation mechan

nism will provide a fair and just environment and a level playing

field for foreign companies doing business in their own countries by upholding the principl

es of mutual respect, mutual benefit and fair competition, according to the guidelines.

On the role and significance of China-CEEC cooperation, the guidelines said the mechan

ism constitutes an important part of Europe-China relationship and complements the EU-China Compre

hensive Strategic Partnership and the EU-China 2020 Strategic Agenda for Cooperation.

Reaffirming their commitment to deepening their partnership for peace, growth, reform a

nd civilization, the participants to the leaders’ meeting expressed their support for the early conclu

sion of an ambitious EU-China Comprehensive Agreement on Investment, said the guidelines.

On the Belt and Road Initiative, the participants said they recognize the importance

of the initiative and the EU Strategy on Connecting Europe and Asia and welcome forging synergies between them.

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Kim Jong-un says 3rd summit with Trump possible

PYONGYANG – Kim Jong-un, top leader of the Democratic People’s Repub

lic of Korea (DPRK), said he is willing to meet the US president again on certain cond

itions, the official Korean Central News Agency (KCNA) reported on Saturday.

Kim made the remarks in his policy speech marking the First Session of the 14th Supreme People’s Assembly (SPA) on Frid

ay, a day after he was re-elected as chairman of the DPRK’s State Affairs Commission (SAC).

“If the United States adopts a correct posture and comes to the third DPRK-US summit with a certain methodology that can be shar

ed with us, we can think of holding one more (round of) talks,” Kim said. “It is necessary for both sides not to table t

heir unilateral demands but find out a constructive solution to meet each other’s interests.”

The top leader said he will “wait for a bold decision” from Trump “with patience till the end of this year.”

In his speech, Kim blamed the United States for only considering

its own interests during the second DPRK-US Summit in Vietnam’s Hanoi this Febru

ary. This has led the DPRK to question Trump’s willingness to improve relations with the DPRK.

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The two countries should walk in the same direction and

d further enhance border management to safeguard the safety and stability of the border region, Xi said.

China-Myanmar relations have developed well in all areas, Xi said, add

ing that the two countries have made new progress in jointly building the Belt and Road.

Cooperation between the two countries and the two armies has maintained sustainable and healthy dev

elopment, Xi said, adding that the visit is expected to bring new progress in their defense and military cooperation.

Min Aung Hlaing said Myanmar and China have a long history of traditional friend

ship, and the two countries and two armies have maintained good development.

Myanmar is grateful for China’s support for the development of the country and the ar

my, he said, adding that Myanmar appreciates China’s support of its domestic peace process.

Myanmar welcomes and supports the building of the Belt and Road, and the country wo

uld like to take effective measures to maintain the stability of the border region, he added.

Min Aung Hlaing is making his fifth visit to China since becoming Myanmar’s commander-in-chief of defense services in 2011.

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sees big growth in Marcha supermarket in Lianyungang

China’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p

ercent year-on-year in March, the National Bureau of Statistics (NBS) said Thursday.

The increase was up from 1.5 percent in February.

Food prices climbed 4.1 percent year-on-year in March, up from 0.7 perc

ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.

Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 perce

nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.

The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year-on-year in March.

On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati

onwide as outbreaks of African swine fever were gradually contained, according to the NBS.

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IMF upbeat on China’s 2019 growth in Zhuhai, Guangdong

The International Monetary Fund said on Tuesday that it expects China’s economy to grow 6.3 percent in 2019-up 0.1 perce

ntage point from its prediction in January. Analysts said the world’s second-large

st economy is set to remain stable as authorities continue to implement supportive policies.

The latest World Economic Outlook, released at the start of the sp

ring meetings of the IMF and the World Bank in Washington, also predicted the United States e

conomy would grow 2.3 percent this year, 0.2 percentage point lower than the IMF’s earlier forecast.

The outlook for China falls within the range of the country’s targeted goal of securing between 6 p

ercent and 6.5 percent growth for this year, and is very close to that of Chinese researchers.

On April 1, Zhang Ping, a researcher at the Institute of Economics of the Chinese Acad

emy of Social Sciences, said China’s GDP growth should remain at 6.2 percent in the fir

st half, and average 6.3 percent for the whole year, thanks to incentives including tax and fee cuts.

shadoujiazu.com.cn

Beijing News also reported that the facility caught fir

 before the explosion. The facility is adjacent to a

natural gas station, the explosion of which caused the tragedy, the report said.

An assessment report on the factory’s environmental protection

facilities drafted in July 2018 by the Jiangsu Provin

cial Academy of Environmental Science showed that Tianjiayi has a warehouse wit

h a floor area of more than 1,000 square meters to store industrial waste, which includes tar and methyl alcohol.

The assessment report said the plant generated on average about 11 metric tons of solid waste and w

aste­water per day, and there has been an accumulation of 4,500 tons of hazardous waste in the factory every

year. While some of the waste materials are transported out for disposal, others are processed within the factory.

A special license is required to dispose of hazardous waste in China. Accor

ding to the Jiangsu’s Department of Ecology and Environment, 460 enterprises in the prov

ince had the necessary licenses as of the end of 2018, but Tianjiayi was not among them.

Official records also show that Tianjiayi had been punished at least twice for violations in waste management.

www.meilita.cn

China has set a goal of making itself a developed count

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.

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Digital trade enabled up to 3.2 trillion yuan of econo

omic value in the domestic economy in 2017, equivalent to nearly 4 percent of China’s 82.08 trillio

n yuan GDP that year.This is significant, considering the economic value estimated for other Asia-Pacific economi

es ranges between 1 and 3 percent, said the Hinrich Foundation’s Director of Public Affairs and Strategy Berenice Voets.

The potential economic value of digital trade is expected to be the equivalent of 22 percent of China’s projected GDP in 2030, accor

ding to the report, outlining an optimistic outlook for digital trade development in China in the following years.

Li is scheduled to have talks with EU leaders, attend high-level meetings

Premier Li Keqiang touched down at Brussels Airport on Monday, beginning a five-day trip aimed at sending a clear signal to t

he world of the growing mutual trust and deepening strategic cooperation between China and European nations.

Li is in Belgium for the 21st China-EU Leaders’ Meeting. He will also make an official visit to Croatia and at

tend the eighth Leaders’ Meeting of China and Central and Eastern European Countries in the coastal city of Dubrovnik.

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