Under the trade pressure, the world’s second-largest econo

onomy is accelerating restructuring reform and shifting from an export-dominated growth model to a more services-driven model, they added. “The United States escalated trade tensions, but it cannot solve any problem. This causes volatility and sluggishness in global financial markets an d hurts the global economy,” said Guo Shuqing, the People’s Bank of China’s Party secretary and also head of […]

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ourage the innovation of original technologie

?and enhance intellectual property right protection, Xi said. He called on the governments to build a stable, fair and transparent business environment, and to he lp private enterprises and small and medium-sized companies to address their difficulties in finance. Governments in the central region should attract advanced manufacturing enterprises moved from the coastal reg ion, take part in Belt and […]

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be why despite the US government blacklisting Huawei, Re

Ren on Tuesday expressed continued willingness to collaborate with US partners in the future. Ren’s confidence lies in Huawei’s capacity to serve its customer s under “any circumstances”, and has the support of its growing clientele at home and abroad. “Last week, in public bidding by China Mobile, we won contracts to build 5G networks for 37 of the 40 […]

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The Information Technology Industry Council also w

arned against further raising tariffs. “Increasing tariffs will only continue to harm America n consumers and businesses of all sizes and across all sectors, as well as threat en American econ omic growth and leadership in innovation,” said Naomi Wilson, the council’s senior director of policy for Asia. US chemical manufacturers also called for sensible trade policy solutions. Cal Dooley, […]

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Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said. “As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added. China has made steady […]

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President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr ucture construction and continue to promote the construction of the China-Nepal c ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday. Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China. China greatly values its ties […]

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He described the Belt and Road as a grand and peace

ful initiative, and credited the initiative for connecting countries from different regions, with different nationalities and cultures. The BRI will provide a strong impetus for global economic growth and prosperity, he added. Switzerland supports the BRI and commits to promoting the initiative in Europe, Maurer said. He added that the country hopes to deepen bilateral cooperation in trade, investment and […]

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They maintained that Belt and Road construction wi

l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations. The leaders also pledged to pursue trade and investment liberalization and facilitation, reject protectionism and unilateralism and uphold the rule-based mul tilateral system with the World Trade Organization at the center, according to the communique. Xi told reporters that the consensus reached by the […]

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Xi added that the two countries should jointly prom

mote the building of the Asia-Pacific free trade zone and maintain the multilateral trading system. He said China and Latin American countries should support each other, make full use of their complementary advantages and achieve win-win cooperation. The two sides should pursue comm on development and jointly build a community with a shared future for China and Latin America, Xi […]

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Employees have been working according to the che

edule in some companies, including some well-known internet enterprises. Earlier this year, Youzan, an e-commerce compa ny based in Hangzhou, Zhejiang province, triggered controversy by introducing the “996” schedule in its annua l meeting. The move even prompted the labor authorities to conduct an investigation against Youzan. Workers have been working overtime in many industries for yea rs. But now, […]

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