Report: China’s speed of development rarely seen

The speed of China’s development has rarely occurred in economic h

istory, with the country’s economic aggregate breaking 90 trillion yuan over the last 70 yea

rs for China to become the world’s second-largest economy in 2018, said financial news outlet Yicai on Friday.

In 1952 China’s GDP was 67.9 billion yuan, with per-capita GDP standing at 119 yuan.

In 2018 the two figures surpassed 90 trillion yuan and 64,644 yuan, making for respective multiplications of 1,325 and 542 times.

The first Five-Year Plan (1953-1957) began China’s industrialization, concentrating efforts on developing heav

y industry and establishing the foundations for the modernization of national defense.

On the plan’s completion in 1957, China’s GDP reached 106.9 billion yuan, a 57 percent increase compared with 1952.

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Sun was joined o上海龙凤1314女神会所expedition by other

 two female Chi上海龙凤1314女神会所nese climbers: Ma Liyamu from the Xinjiang Uygur autonomous region, and Tsang Yin Hung from Hong Kong.

For Ma and Tsang, it was their second ascent to the summit of Mount Qomolangma, as Ma had reached th

e top of the mountain in 2016, and Tsang conquered it in 2017. But for Sun, this was her first such experience.

“What surprised me when I reached the top was the shadow of Mount Qom

olangma on other mountains. It was simply magnificent and stunning and it was a heavenly experience,” she shared.

Growing up, Sun didn’t have any aspirati

ons to climb Mount Qomolangma, but she loved drawing, especially nature and mountain scenes.

Having worked as a designer, she had some mountaineering exp

erience after climbing Mount Manaslu in September last year. Before she came into contact w

ith Ma, it was not in her mind to form an all-female, all-Chinese team to summit the mountain.

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The 5.1 percentage point growth of leverage ratio is

s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially

for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the co

mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8

billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu

ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc

ording to data from the State-owned Assets Supervision and Administration Commission.

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To achieve the government target of bringing down the

the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.

The biggest obstacle to tobacco control in China is the powerful toba

cco industry, which is one of the biggest tax contributors to the government, he said.

Despite an increasing number of cities having local regulations on tobacco control,

national legislation is still lacking, due to causes including influence from the industry, he said.

“Only a few big cities, such as Beijing, Shanghai and Shenzhen h

ave strict tobacco control regulations and law enforcement, but in most areas in China suc

h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque

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The IMF research, citing official data, found that the

 revenue collected by the US government through hefty tariffs on Chinese imports, has been paid almost entirely by US importers.

“Some of these tariffs have been passed on to US consumers, such as those on washing machines, wh

ile others have been absorbed by importing firms through lower profit margins,” the research said.

Any further increase in tariffs will likely be passed through to consumers, it said.

China and the US, the world’s two largest economies, have been embroi

led in a tit-for-tat trade confrontation over the past few months. Washington threatened to fur

ther escalate a tariff war and increased tensions by tightening restrictions on Chinese companies.

Earlier this month, the US raised tariffs on $200 billion of Chinese imports from 10 percent to 25 percent, and China took coun

termeasures. Then the US administration listed about $300 billion more of Chinese goods for possible tariff hikes.

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The star apologized for the potential negative influenc

uence from his misbehavior via his official Weibo account on Tuesday, promising better behavior in the future.

The Beijing Center of Health Supervision warned punishment would follow if they can confirm these violations, adding the ma

tter has been under investigation in a post released on its official Sina Weibo account on Tuesday.

Based on these regulations, individuals who smoke indoors are fined

50 yuan ($7.20), which rises to 200 yuan if the culprits refuse to correct their violations. In

2016, another famous actor, Wen Zhang, was fined 50 yuan for smoking inside a restaurant.

ours that provide a window on wildlife without harming the animals are a welcome development for Chinese ani

mal-lovers, a recent survey found, as most people say ‘no’ to any activities that might have a negative impact on animals.

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es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

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up more than half of the market size. The online users dou

e online users double from 5.7 million in 2017 to 15.3 million in 2018.

Insiders say as Chinese parents increase their spending on education, online education gets more recog

nition and China’s internationalization progresses, online course users will keep growing, The Beijing News reports.

The report echoes their opinion. Data from the report shows that the penetration rate of online education rose from 0.8 percen

t in 2015 to 9.1 percent in 2018, up 11 folds within four years. It’s projected that the penetration rate will reach 12 percent in 2019.

New users go for top brand

Data from the report shows the market share of VIPKID is 68.4 percent, follow

ed by 51Talk (11.6 percent), DaDa English (7.8 percent) and vipJr (5.7 percent).

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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The number of registered nurses in China topped 4 mill

ion as of the end of last year. Nearly 70 percent held a junior colleg

e degree or above, accounting for almost half of all healthcare professionals, she said.

Last year, there were 150 million people 60 years or above living with chronic diseases

in China. Of those, 44 million were fully or partially disabled and in need of regular nursing services, she said.

“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.

The commission will also encourage community health centers to provide more nursing services for the e

lderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.

Regulations will also be released to encourage community health centers to provid

e beds to the elderly at home, so family doctors can provide treatment there, she said.

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