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magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
merging jobs related to the digital economy have been and are expected to continue gro
wing quickly in China as digital technology is applied in more fields, said a senior executive from LinkedIn.
New media operators, front-end development engineers, algori
thm engineers, user interface designers, and data analysts were the top five profes
sions with the fastest growing number of practitioners in China on the US-based professional networking site fro
m 2013 to 2017, said Lu Jian, president of LinkedIn China in an exclusive interview with China Daily.
“Digital economy, which has become part of the national strategy, is just unfolding in the country. It won’t surprise us if such jobs con
tinue to draw employees of both genders and in both urban and rural areas in the coming years,” Lu said.
skiing training and the number will continue to rise, with expectations of 70,000 enrolled by the end of this year, he added.
He also said Yanqing has built more ski runs over the last two years, based on seasonal features and site conditions.
Some important events and testing activities are expected to be he
ld in Yanqing – for example, the 14th National Winter Games Alpine skiing speed events in 2020.
Zheng, the deputy commissioner, said schools in Yanqing also created some outdoor ice rinks when winter weather cond
itions allowed, while in summer, manmade ice would be a good choice for campuses to open up skating practice.
Yanqing will put more effort into increasing the number of qua
lified winter sports instructors, improving school curriculum and hastening constr
uction of winter sports venues to add more flavor to the upcoming Winter Olympics in China, he said.
including existing ski resorts and some newly built projects, to host all eight Olympic snow sports
in 2022. The three clusters will be connected by a new high-speed railway, which will be completed by t
he end of this year. It looks beyond the Games to boost future winter sports tourism.
According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the f
irst test event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.
About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hecta
re forest reserve has been built nearby for transplantation of all the trees affected by the construction.
“The preparations are ready to step up to the next stage, from planning to
the readiness phase. Beijing is ahead in the race against time,” said Liu Yumin, dire
ctor of the planning, construction and sustainable development department of the 2022 Olympic Organizing Committee.
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.
The growth of manufacturing activity in China eased in April but remained within expansion territory, adding to the confidence that the country’s economy is stabilizing.
The purchasing managers index for the country’s manufacturing sector came in at 50.1 in A
pril, slightly down from 50.5 in March, the National Bureau of Statistics said on Tuesday.
A reading above 50 indicates expansion, while one below it reflects contraction.
Senior NBS official Zhao Qinghe said in a statement that factory activity continued a steady ex
pansion in April, with the subindexes for production and for new orders standing respectively at 52.1 and 51.4. T
he readings are slightly lower than those in March, but they are higher than the average performance of the first quarter.
“Market demand is driving a stable growth in production,” Zhao said, adding strong growth in e
merging industries, such as high-tech and equipment manufacturing, also contributed to the steady performance.