There are signs that the central government will not cha

ange its resolution to control house prices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation. On May 11, Suzhou tightened housing policies further, China Daily ea rlier reported. The down payment ratio for a family’s first home purchase has been rais ed from 20 percent … Read moreThere are signs that the central government will not cha

Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad es in traditional industries and accelerating the growth of high-tech industries and emerging sectors. The country will further expand market access with a nationally unified, annually released and timely … Read moreTop regulator says economy set for growthand

percent, respectively, registering significantly faste

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. Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m onths, a … Read morepercent, respectively, registering significantly faste

For example, in March, China provided a remote-sens

sing monitor report on flooding in Iran via Fengyun. The analysis estimated the coverage and terrain characteristics of the flooded area, which greatly assisted the country’s evacuation efforts. China has launched 17 Fengyun series meteorological satellites, of which seven are currently operational. The World Meteorological Organization has included China’s Fengyun se ries of meteorological satellites … Read moreFor example, in March, China provided a remote-sens

In particular, we need to strengthen international coop

peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said. The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI … Read moreIn particular, we need to strengthen international coop

Separately, on the same day, the US Commerce Department

said it would be adding Huawei and its 70 affiliates to an Entity List, which will ban the compan y from buying parts and components of US companies without prior government approval. Gao Feng, spokesman for the Ministry of Commerce, said at a briefing that the con cept of national security “should not be used … Read moreSeparately, on the same day, the US Commerce Department

hina promises to counter US tariffsay urged tes to c

China’s Ministry of Commerce on Thursday urged the United States to correct its use of tariffs, and vo wed to take necessary countermeasures if the US’ new tariff plan targeting $300 billion in Chinese imports takes effect. The US government’s bullying behavior and maximum pressure regime on China violate mu ltilateral trade rules, ministry spokesman … Read morehina promises to counter US tariffsay urged tes to c

The report was based on an experimental survey condu

cted by the China Consumer Association from December to March, which included mor e than 1,700 students from elementary, junior high and senior high school. According to the report, most elementary school students were first exposed t o the internet in third grade, and these 9-year-old students accounted for 32.2 percent of th e total. … Read moreThe report was based on an experimental survey condu

Trade agreements can affect the types of goods being

traded and they can redirect trade toward one country, away from others. They cannot directly affect any country’s worldwide current account balance. A count ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference. There are two ways to reduce the US trade … Read moreTrade agreements can affect the types of goods being

Reducing poverty must begin with reducing ignorance. Ther

refore, giving rural children a good education is an important task in poverty relief, and also a crucial means to stop poverty from being passed on between generations,” he said. “The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote. While talking with students and teachers at a primary … Read moreReducing poverty must begin with reducing ignorance. Ther