Govt plans slew of policies to boost consumption

A slew of new policies aimed at encouraging consumption

in key sectors will be unveiled soon, China Securities Journal reported.

China’s retail sales of consumer goods rose 8.3 pe

rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M

arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe

rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.

In recent years, the government has, on the one hand, frequently intro

duced policies to promote opening-up, increase import and improve consumer welfare. On

the other hand, it has reduced and scrapped import tariffs on some consumer goo

ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm

unication said, adding that consumption still is the key driver for economic growth.

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Besides, the blasts in Sri Lanka indicate terrorists coul

ld also target areas that until now were considered terror-free, especially Asian tourist destinations such as the Maldives and Thaila

nd, because they attract a large number of Western people, as well as investments and interests. To prevent such

terrorist attacks, all countries have to make joint efforts to not only strengthen their security but also impr

ove their coordination so they can more effectively combat the common threat of terrorism.

Even though there is no evidence to show social media played a role in the attacks in Sri Lanka, all countries should strengt

hen supervision of the internet because it is being increasingly used to spread terrorism and plan terrorist atta

cks. The IS group’s online tyranny could be more dangerous compared with its actual presence in a country as a ban

ned organization, because its online propaganda could prove more effective in leading people astray.

Therefore, governments — with the active help of internet companies — have no choic

e but to play a bigger role in containing the spread of terrorism online.

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He said seeing is believing and he welcomes the stude

nts to visit China in the future.Kendra Le, a Niles North freshman, was thrilled about Xi’s response letter, the Chicago Tribune reported.

“I was surprised, very surprised,” Le was quoted in the report as say

ing. “It was an honor to receive a letter from him. It was really nice getting a letter from him.”

The report also said that Zhao Jian, the Chinese consul general in Chicago, personally

delivered the letter to a gathering of students enrolled in Chinese classes at Niles North on April 3.

Serena Meyers, a Niles North senior taking her first year of Chinese after thr

ee terms of Spanish, was not only happy to receive the response, but also ple

ased at how the Chinese leader made an effort to answer the questions her classmates posed.

“I was absolutely surprised,” she told the Chicago Tribune. “He has a lot to do and it was a

n honor he wrote back to us.”The Niles North High School began offering Mandarin courses in 2008.

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Xi underlines studies on May Fourth Movementnjiang

The call made by Xi Jinping, general secretary of the Communist Party of China Central Committee, for more study of the

May Fourth Movement, will help younger generations better understand the value of its spirit, observers said.

Xi underlined the need to strengthen studies of the May Fourth Move

ment and its spirit during a speech at the group study session of the Political Bureau of the C

PC Central Committee on Friday, according to a news release issued on Saturday.

This year is the 100th anniversary of the movement launch

ed by young intellectuals and participated in by people from all walks

of life. It was a political, anti-imperialist movement that stemmed from student demonstrations in Beijing on May 4, 1919.

Presiding over the session on the historical significance and modern value of the movement, Xi said the studies shoul

d elaborate on why the movement is of great and far-reaching significance for development and progress in conte

mporary China, and why Marxism has become a guide for the cause of the Chinese people’s revolution, construction and reform.

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Such studies must aim to make it clear why the CPC coul

ld shoulder the historical responsibility of leading the people in realizing national indep

endence, people’s liberation, national prosperity and happiness for the people, Xi said.

By doing so, it should be made clear why socialism has taken root and continues to improve and de

velop in China so as to guide people to draw lessons and wisdom from history, and foster stronger confi

dence in the path, theory, system and culture of socialism with Chinese characteristics, he added.

He called for in-depth studies of the great significance of patriotism, progress, democracy and science advocated in the movem

ent so that its spirit can motivate young people to make unremitting contributions to national rejuvenation.

Xi also underscored the importance of responding to why the theme of contemporary Ch

inese youth movements should be to strive to achieve the Chinese Dream of national rejuvenation, require all aspects of socie

ty to care for and serve the youth, and also create a sound environment for them to develop, innovate and undertake pioneering work.

njLongrun.cn

Specifically, the draft likely will and should feature key

 reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot

ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.

China must promote the healthy development of the capital m

arket through key institutional innovations, the Political Bureau of the Communist Part

y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.

Dong said the revised law is likely to be adopted by the end of the first half of the ye

ar, adding it is imperative and possible to expedite rolling out the revised version.

“Previously, controversies over the registration-based IPO system reform ha

ve prolonged the revision process, but now this factor has been largely lifted,” he said.

“As foreign investors are set to play a bigger role in China’s capital

market development, the revised law should also consider clarifying the rights and oblig

ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p

jsLongsun.com

Since 2013, the BRI, with policy coordination, connec

tivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties as its main goals, has advanced in solid steps, the report said.

“Significant progress has been made, including a number of landmark early results. Participating countries have obtai

ned tangible benefits, and their appreciation of and participation in the initiative is growing,” according to the report.

With a view to building a global community of shared future, the BRI uphold

s the principles of extensive consultation, joint contribution, and shared benefits, the report said.

“Through the initiative China has made a constructive contribution to the reform of th

e current global governance system and to economic globalization,” according to the report.

The report said China would face many problems and challenges in pursuing the BRI in

the future as well as unprecedented opportunities and prospects for development.

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The drafts were presented by the NPC’s law committ

tee to the National People’s Congress Standing Committee during a bimonthly session that began on

Saturday. In August, the Standing Committee began a preliminary review of all six parts and 1,034 items of the civil code.

Another health related item added to the code addressed human testing for new drug

s or treatments. It provides that all activities involving human testing must protect the subject’s health.

These activities include developing new drugs, medical equipment and prevention and treatment methods. They now

require approval from an ethics committee, as well as by competent authorities.

The draft amendment to the Drug Administration Law said the nation should encourage the development of new

drugs, according to Cong Bin, a forensic expert and a senior legislator on the law committee.

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Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

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China’s first aircraft carrier, the Liaoning, and latest nuc

More than 60 countries will send delegations to join multinational naval events marking the anniv

ersary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.

Nearly 20 foreign vessels of various capabilities, including destroyers, frigates and landing ships, will join Chinese vessels in the naval parade, sh

owing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.

Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.

The Chinese People’s Liberation Army Navy has been active in provi

ding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more

than 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 offic

ers and soldiers to escort over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countr

ies and regions and provided free medical services to over 230,000 people, Qiu said.

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