The emerging service sector also grew very fast, Meng said.
In April, the information transmission industry
, along with software and inform ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services.
etail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.
d the transformation of traditional industries is speeding up as they combine with information technology. “Through implementing national big data and inter
net plus strategies, internet, big da ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said
I hope all Asian countries will respect and trust each other, co-exist in harmony, expand cross-border, cross-time-and-space as well as cross-civ
ilization exchanges, and jointly maintain the peac
eful time that is more valuable than gold.
Asian people expect Asia of common prosperity I hope all Asian countries will jointly promot
e economic globalization that is open, inclusiv e, balanced, and beneficial to all, and work together to eliminate poverty and backwardness in some countries.
Civilizations will lose vitality if countries go back to isolation and cut themselves off from the rest of the world.
Mutual r espect, equal treatment among civilizations stressed It is foolish to believe that one’s race and civilization are superior to
others, and it is disastrous to willfully reshape or even replace other civilizations.
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be f
airly costly, said Chen Wenling, chief econ omist at the China Center for International Economic Exchanges.
they buy finished products or goods made from r aw materials and components, the tariffs still exist, Chen said.
ion will make goods produced by both countries less co mpetitive and cause large-scale job losses, said Chen.
uo, former vice-minister of commerce, said economic conflict s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
oing supply-side structural reform, as it is still dominated by the 268-trillion-yuan banking system, the analysts said.
ucturing process will accelerate as more foreign capital moves in, which can boost competition in the domestic market, the analysts added.
In the med
ium term, continued financial reform and more opening-up measures co uld boost capital inflows, said Lillian Li, a vice-president at rating agency Moody’s.
disputes between China and the United States and uncertainty over monetary policy in global markets may dam pen capital inflows, and the pace of capital inflow is likely to fluctuate in the near term, she said.
e world’s second-largest equity market and the third-largest bond market, China will likely usher in more inte rnational capital flows in the longer term, if the nation further liberalizes its financial system, she added.
ld correct our mistakes when we have made any and guard against them when we have not.
should address young people’s concerns in employment, starting business, integrating into the society, love, marriage and making friends, carin
g for the elderly and raising children, so as to cre
ate favorable conditions for their development. We should educate and guide young people to view the world pr
operly, to understand the national conditio
ns comprehensively, and to grasp the trend of the era.
Communist Youth League asked to mobilize youth for Chinese Dream The Communist Youth League of China (CYLC) shall unite and lead Chi
nese youth of the new era to strive for the Chinese D
ream of national rejuvenation. The CYLC should serve their duties of guiding and uniting the youth, mobilizing them, connecting them and providing services.
Youth urged to have concerns for humanityThe Chinese youth should work for the building of a community with a shared future for humanity.