This quarter’s data show that China is avoiding this

The consumer inflation rate was 1.8 percent year-on-year and produce

r prices went up only 0.2 percent. A standard rule of thumb used by central bankers wor

ldwide is that the inflation rate should be targeted at about 2 percent per year

. This rule is actually built in to the mandate of the European Central Bank. So, the stable monetary policy of the Peop

le’s Bank of China, the nation’s central bank, is working.

The March unemployment rate in urban areas was 5.

2 percent, slightly below the level last year. Most economists define “full employ

ment” as anything below 6 percent, so we are not seeing significant pro

blematic unemployment even during a period of major economic transformation.

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The zone is located in a labor-intensive area in Cambodi

 which means the project will provide a large number of jobs to lo

cal communities,” he said. “It is expected that up to 100,000 to 200,000 locals will be d

rawn to the new economic zone after its completion. They will rise out of poverty by working in this zone.”

The project will be beneficial to both China and Cambodia, Qian said.

“Many Chinese companies go overseas to expand their businesses. However, because of a la

ck of experience and related knowledge, most of them face huge obstacles abroad,” he said. “Our company has done overseas business for mo

re than 40 years and will provide a familiar business environment for other Chinese companies in the new economic zone.”

Some Chinese companies have decided to join the investment in the ne

w Cambodia project, Qian said, adding that in his opinion, a company should follow the nati

onal policy and direction such as Belt and Road Initiative while being profitable at the same time.

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Benat opened the scoring for the home side with a

spectacular 41st minute free kick, but Borja Baston equalized four minutes later in a game in which both teams looked flat in their third game in seven days.

Leganes and Celta Vigo drew 0-0, which draws Celta a point closer to

survival and means they remain unbeaten since Iago Aspas returned to the side after injury.

In overseas ventures, insurance gives firms a sure footing

Overseas investment inevitably means risks and uncertainties for Chinese comp

anies, but many have started using insurance services to help control and reduce risks.

“Chinese companies face new situations while investing overseas, namely that global politi

cs and economics have become more complex,” said Wang Tingke, general manager of China Export and Cr

edit Insurance Corporation, or Sinosure, China’s State-funded policy-oriented insurance company.

“So while going abroad, Chinese companies need to i

ncrease their awareness of risks and set up comprehensive risk management systems.”

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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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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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The Belt and Road Initiative is now running for a coupl

of years and has achieved success even in Europe, but it is not finished yet and it should be a win-wi

n situation for China and Europe. China is a very big market and an important global player.

China is Germany’s biggest trading partner, so I think there will be a good future for the two countries.

The Belt and Road Initiative has been a very successful integration proj

ect which is bringing China closer to the world. President Xi Jinping’s speech today is outli

ning that more and more countries can participate, share prosperity, as well as win-win results.

I think that the future will be bright and that especially t

he West needs to better understand what this Belt and Road Initia

tive means and why this shared prosperity can be created and benefit people across the world.aime Irachande Gouv

eia, coordinator of Belt and Road Initiative Research Center at University Eduardo Mondlane, Mozambiqu

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Thanks to Chengdu’s geographical advantages with

regard to the Belt and Road Initiative, local companies have linked to global markets more frequently. Companies that

used to lack the confidence to go global began taking the step. Companies that have had export business for years upg

raded their product structure and expanded their business to production capacity cooperation and technological export.

Chengdu Xinzhu Road and Bridge Machinery is a prime ex

ample. The company was founded as an infrastructure company, and its business has exp

anded to include new energy and railway traffic. In September 2018, the company’s production base at the China-Bela

rus Industrial Park in Minsk was launched to produce super capacitors used in buses. They’re the first high-tech manu

facturer to begin operation in the park. Before that, the company mainly exported parts used in roads and bridges’ construction.

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As the impact of higher deliveries and cost reduction

 take full effect, we expect to return to profitability in Q3 and significantly reduce our loss in Q2,” Musk said in a letter to investors.

The Silicon Valley company has weathered a challenging few months, marked by a sharp drop in the number of vehicl

es delivered to global customers during the quarter and a public spat between Musk and financial regulators.

Shares fell less than a percent to $258.00 in after-hours trade.

Satellite remote sensing has transformed environmental law enforcers into clairvoyants thanks to a

n app on drinking water sources developed by the Ministry of Ecology and Environment, People’s Daily reported.

Law enforcement on drinking water source protection zones is difficu

lt due to its unique characteristics – some drinking water source protection zones are as larg

e as thousands of square kilometers while some are located in remote mountainous areas which are hard to ac

cess. Therefore, traditional ground investigation to locate violators is high in cost and workload and low in timeliness.

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water resources while one-fourth of provincial regi

gions are facing severe lack of water, the institute said. In the meantime, urbanization has increased the amount of waste

water by 4.2 percent annually, from 48.5 billion metric tons in 2013 to 57.1 billion tons in 2017, it said.

China lags behind leading economies in water-use efficien

cy, said Yuan Da, the NDRC spokesman. Every 10,000 yuan in indu

strial added value consumes 45.6 cu m of water, double that for developed economies, he said.

Water conservation should be promoted from developing, using an

d protecting the natural resource with careful all

ocation, said E Jingping, minister of water resources, in an article published by People’s D

aily late last month. Projects that do not pass water conservation assessments will not be approved, he said.

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China joined the space club on April 24, 1970, when the

Long March 1 carrier rocket launched the country’s first satellite, Dongfanghong 1, into orbit.

Since 2016, China has designated April 24 as China Space Day, with various activities that serve a

s a window for the Chinese public and the world to get a better understanding of China’s aerospace progress.

Aerospace authorities typically announce plans at those events.

The China Manned Space Agency said on Tuesday in Beijing that the Lo

ng March 5B carrier rocket, a key element in the next steps of the country’s manned space ende

avor, is scheduled to make its maiden flight in the first half of 2020.

A new generation of carrier rocket, it will have the largest carrying capacity to date sent int

o low-Earth orbit. It will carry the core capsule and experiment modules of China’s planned orbiting space station.

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