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nal proportions. But nothing can obliterate the tangible benefits the development initiative has brought. In less than six
years, the nascent Belt and Road are already changing development landscapes in multiple places and dime
nsions. Thanks to the initiative, East Africa has seen its first expressway, the Maldives its first cross-sea bridge, Belar
us its own car-manufacturing enterprise, and landlocked Kazakhstan finally has access to the sea.
And while China-Cambodia trade may not look to be in perfect balan
ce at this point, Belt and Road cooperation between the two neighbors is laying a solid fo
undation for the latter’s future progress. Take the Sihanoukville Special Economic Zone for instance. An exem
plary project under the framework of the Belt and Road Initiative, it is expected to host 300 enterprises, create 100,0
00 industrial jobs, and serve as a resident-friendly new community housing 200,000 people.
Guests like Austrian ambassador to China Friedrich Stift, p
erformances from the Strauss Festival Orchestra Vienna, and reality TV star Allen Wu as
host have made the event the most talked-about on Beijing’s April social calendar.
The dapperly attendees and the venue at the Kempinski Hotel Beijing Lufthansa Center, a lux
ury hotel in downtown Beijing, will make April 13 a night of waltz, high fashion and haute cuisine.
With tickets priced 1,500 yuan ($224), the ball has sold out every ye
ar during its five-year history in Beijing, according to organizer, the Kempinski Hotel.
In this video interview with China Daily’s website, both the ambassador and Brice Péan, mana
ging director of the Kempinski Hotel, give a preview of what to expect at this year’s ball.
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.
on a decreasing streak. Imported models of Ford Motor (China) abated as much as 34,000 yuan, compared with Volkswagen Multivan’s highest cut of
13,300 yuan and some models of FAW Toyota’s 11,000 yuan, said Chinanews. As China International Capital Corporation Lim
ited analyzed, automobile, real estate and medicine industries will enjoy the largest scale of tax reduction; and the bigge
st rise in net profit as a result of tax cuts will go to coal, food and beverage, electricity industries.
Nur Bekri, former head of the National Energy Administration, has been arrested
for taking bribes, said the Supreme People’s Procuratorate on Tuesday, Xinhua reported.
Nur Bekri, also former deputy head of the National Development and
Reform Commission, was investigated by the Communist Party of China Central Com
mission for Discipline Inspection and the National Supervisory Commission.
The former chairman of the Xinjiang regional governm
ent was named new head of the National Energy Administration on Dec 31, 2014.