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

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

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

Asked whether China will retaliate by targeting certain US co

 companies, Lu said that as for foreign enterprises operating in Chi na, there is no need for them to worry as long as their businesses are law-abiding. S President Donald Trump issued an executive order on Wednesd ay in which he declared a national economic emergency and banned the technology and services of “foreign adversaries” … Read moreAsked whether China will retaliate by targeting certain US co

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

Govt should accelerate tax cuts to invigorate economy, premi

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he premier attached great importance to such measur

asures as reducing the rate of the value-added tax, increasing the tax exemption for research costs and reforming individual income tax. The measures should not only ease the tax burden for manufacturing com panies but also reduce taxes for construction enterprises, which provide a great num ber of jobs, Li said, adding that all industries … Read morehe premier attached great importance to such measur

With the 1,000-day countdown celebration comes a ne

ew stage of preparation for the Games,” said Chen Jining, mayor of Beijin g and executive president of the 2022 Winter Olympics Organizing Committee. “We will end eavor to deliver a fantastic, extraordinary and excellent Olympic and Paralympic Winter Games.” The 1,000-day countdown — launched near the iconic Bird’s Nest and the Water Cube, both … Read moreWith the 1,000-day countdown celebration comes a ne