Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

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Govt should accelerate tax cuts to invigorate economy, pre

Premier Li Keqiang urged government departments to speed up the implement

ation of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday.

Li was speaking with entrepreneurs from the manufacturing, constructio

n and service sectors at the Zhongnanhai leadership compound in Beijing.

The businesspeople said they have received benefits from the tax reduction measures in t

he past months, after the measures were introduced by Li in the Government Work Report in March. Th

ey also offered advice on how to further ease the tax burden on businesses.

After hearing their opinions, Li called tax reduction a great decision

made by the Communist Party of China Central Committee and the State Council. It has boosted

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China’s determination to expand opening-up and the ong

going reform measures have made its financial market increasingly appealing to overse

as investors,” the administration said on Monday in a statement on its website.

“The administration will continue to support the opening-up of financ

ial markets, meet demand from overseas investors to expand investment in the ma

rkets and attract global long-term capital to enter China’s financial markets,” it said.

Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore

ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co

mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.

China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi

nancing to play a more significant role in allocating savings and investment, and better serve the economy.

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The 20-year-old said she first learned about the history

The volunteer team-led by Wu Liangliang, a security guard who has gained online fame for his fluent self-taught En

glish-has also been part of the site’s efforts to provide a more personal management style, in addition to the city go

vernment’s introduction of various measures, including a mobile app, to help tourists.

Larry Goodrich, from Seattle, who has been traveling with his wife

in the Yangtze River Delta for three weeks, lauded the volunteers’ contributions.

Having worked in the computer industry since “the era of brick-si

zed cellphones”, the 65-year-old said that while technology has provided unimaginable con

venience, traveling is about being a part of the destination and interacting with local residents.

“The human connection is always better,” said Goodrich.

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The meeting on Sunday decided on further steps to

 identify unwarranted certification items for abolition and list all certification items deemed ne

cessary. At the same time, work to establish a pre-commitment qualification system will be intensified.

“The reform of the qualification system is part and parcel of our efforts to build a credit-based society. Without a fully fledg

ed credit-based society, our business environment will not see significant improvements,” Li said.

It was decided at the meeting that the practice of pre-commitment of qualification will be piloted in 13 pro

vinces and municipalities, including Tianjin, Liaoning, Shanghai, Guangdong, Sichuan and Shaanxi, and in five mi

nistries-the Ministry of Public Security, the Ministry of Justice, the Minist

ry of Human Resources and Social Security, the Ministry of Natural Resources and the Ministry of Transport.

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teps aimed at helping further develop countryside opt

hina will undertake key measures to further integrate the country’s rural and urban areas

and encourage the transfer and free flow of people and resources throughout the nation.

Measures include relaxing hukou (household registration) barri

ers, reforming zoning regulations for rural and residential land, marketing collective land

in rural areas for development purposes and increasing infrastructure spending in the countryside.

Experts said the new plan, announced by the Communist Party of China Ce

ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr

ess in rural revitalization, driving up the process of urbanization and further boosting the economy.

China has a three-step plan. First, it will initially build a framework an

d mechanism for integrated development of urban and rural areas, and gradually rem

ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo

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hina will provide proposals for World Trade Organ

ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre

ngthen the WTO and jointly maintain free trade and the multilateral trade system, he said.a

Beijing International Horticultural Exhibition welcomed its first tourist peak by serv

ing more than 320,000 tourists during the four-day May Day holiday, the organizer said Saturday.

Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte

rnational Pavilion, the Life Experience Pavilion, the Botany Pavilion and the Gui

Some 132 activities, including float parades, world ethnic and folk cultural perform

ances, and culture and art carnivals staged by central and eastern European countries, were held during the holiday.

With the theme of “Live Green, Live Better,” the expo opened to the public on M

onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.

rui Theater were among the most popular destinations, which h

ave received a total of over 734,000 visitors during the holiday.

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Sino-US talks on trade seen as productiveets with US Trade

Negotiators from two sides aim to meet next week in Washington to continue

Vice-Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin met in

Beijing from Tuesday to Wednesday for the 10th round of trade talks between China and the United States.

The two sides are working on putting bilateral trade on a stronger footing, and the lat

est meetings were productive, Mnuchin wrote on his Twitter account, without giving details.

A Chinese team is scheduled to visit Washington next week for another round of talks, Xinhua News Agency reported.

Liu is also a member of the Political Bureau of the Communist Party of China Central Co

mmittee and chief of the Chinese side of the China-US comprehensive economic dialogue.

China and the US have been expediting their economic and trade consultations, with a goal of

implementing the consensuses President Xi Jinping and US President Donald Trump reached in D

ecember, said Xue Rongjiu, deputy director of the China Society for WTO Studies in Beijing.

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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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The water-delivering trains are a special service on the Hu

unbai Railway, a scenic line with diesel trains. They were launched to address the limited access to drin

king water in the area, where the underground water is undrinkable due to complex mineral components.

“Water coming out of the wells used to render us with Kaschin-beck disease, and we treated ev

ery drop of (safe) water like it was oil,” said Zhou Aiqin, another resident at Huojugou.

Running the train all year around is no easy task, especially in winter when temperatures easily dro

p below minus 20 degrees Celsius. Some of the fuel is spent heating the water during the journey to prevent freezing.

“Water often drips onto our clothes and instantly freezes. We cannot bend our arms or legs

and have to move like a gorilla,” said Jia Lin, a veteran worker at the line’s Quanyang station.

Train crew and station workers, like residents along the line, have been attached to

the delivery missions, even as demands have greatly shrunk due to improved water infrastructure and relocation o

f villagers. The trains now run three times a month, down from three times a week, to serve only 300 residents.

“But as long as the demand exists, our small train will keep on running,” said Xin Yuehong, head of Quanyang station.

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