China’s fiscal sp上海419论坛女神会所ending on government-subsidized housing saw a rapid increase in 2018 am
id government efforts to curb housing speculation and improve people’s livelihood.
Fiscal expenditures on government-subsidized housing projects totaled 737.2 billion yu
an ($107 billion) last year, up 46.4 percent year-on-year, the Ministry of Finance said in an online statement.
The funds helped the renovation of 6.26 million shantytown units in u
rban areas and 1.9 million dilapidated houses in rural areas, and supported the co
nstruction of the matching facilities for 300,000 public rental housing, the ministry said.
The ministry vowed to strengthen supervision and management of the funds for government
-subsidized housing in 2019, and standardize the financing for shantytown renovation projects.
The country saw stable housing prices last year amid government co
ntrol policies under the principle of “houses are for living in, not for speculation.”
siness startups and innovation-oriented companies, and exercise accommodating and prudent r
egulation. We need to promote the integrated development of companies of different sizes,” Li said.
The Internet Plus model will be upgraded. Efforts will be m
ade to accelerate the development of industrial internet and promote broader ap
plication of the Internet Plus model in medical care, elderly care, education and other social sectors.
A higher ratio of nonperforming loans to micro and small firms will be allowed. The NPL ratio
of such loans will be relaxed to no more than 3 percentage points higher than the overall NPL ratio fr
om the current 2 percentage points. Venture capital firms will receive support in financing through bond issuance.
portant stabilizing factor, he said. China’s research and development spending ranks se
cond in the world, accounting for around 2.18 percent of its GDP, while emerging strategic industries, the
sharing economy and other new growth engines are also seeing continuous expansion.
The strong leadership of the Communist Party of China and the solid material and technological foundation built through decad
es of rapid development in the era of reform and opening-up will also help shore up economic growth, he said.
He added that China also has enormous resilience, potential and flexibility in developm
ent, deep experience in macroeconomic regulation and ample space for policy adjustments.
College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th
e young students making their first summer trips after enrolling in colleges, a new study said.
Though the motivation for making tours is relatively high among college students, their choices are
limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud
y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.
During summer vacations, students tend to choose flights that depart b
tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e
ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.
ation for commercialization of 5G,” the ministry said, adding it will issue commercial 5G licens
es in the near future, a clear sign China will soon officially enter the first year of 5G.
“As always, we welcome domestic and foreign enterprises to actively participate in China’s 5G network construction and effort
to promote application of the technology, and jointly share 5G development opportunities,” the ministry added.
China’s big three telecom carriers are forecast to spend 900 billi
on to 1.5 trillion yuan ($134 billion to $223 billion) in total on 5G network construction from 2020
to 2025, according to a report from the China Academy of Information and Communications Technology. In co
mparison, Chinese telecom operators spent 720 billion yuan on 4G network construction from 2014 to 2018.
ricultural products such as apples and cherries, and specifically mentioned
tourists and students from China.
With the current trade disputes between China and the US, however, Habib is seeing some frustration in his state.
“I’m of course frustrated at the effects of some of the Chinese-im
posed tariffs on our exporters – that’s a huge problem first for our growers, and companies in our
aerospace supply chain, and definitely our fish and seafood – they’ve been affected by Chinese tariffs,” said Habib.
With the Trump administration gradually imposi
ng 25 percent tariffs on $250 billion worth of Chinese imports over the past year, China has already retaliated with
tariffs on $110 billion worth of US products, and has planned a tariff hike on $60 billion worth of US goods on June
me minister on Thursday, Modi is likely to have his first “structured” talks with President Xi Jin
ping on the sidelines of the Shanghai Cooperation Organization summit in Bishkek, capital of Kyrgyzstan, in June.
China has been viewed in India as far more positively inclined to engage with Modi during
his second term in office. Even before the full results of the recent elections were declared, the Chinese media
welcomed Modi’s return to office. In the midst of India’s exhausting six-week-long elections, Beijing’s diplomatic an
d strategic moves helped Modi assert his anti-terrorism policy and reinforced memories of the informal summit in Wu
han, Hubei province, in April last year, which showcased the personal chemistry of the two Asian leaders.
e technologies that it enables, are harnessed for the benefit of mankind while minimizing the risks to devel
opment, peace and security and human rights,” Guterres said in a congratulatory letter to the expo.
Miao Wei, minister of industry and information technology, said China has already made sig
nificant progress in bolstering the big data industry with a string of big data platforms established in sect
ors such as manufacturing, commerce, finance, transportation and medical care.
“We will make a fresh push to integrate cutting-edge information technologies into the re
al economy, including establishing a national industrial data center, to better power the country’s sp
rawling manufacturing sector,” Miao said at the opening ceremony of the big data expo.
rcent to 48 percent to leave the EU, it remains a member and its politicians are still argui
ng over how, when or even whether the country will leave the club it joined in 1973.
May quit on Friday, saying it was a matter of deep regret that she had been unable to deliver Brexit and
arguing that the decision of the 2016 referendum should be honoured. That opened up a period of furt
her uncertainty as the Conservatives decide on who will take over as party leader and prime minister.
BBC projections put the Conservatives on around 10 to 12 percent, down fr
om 23 percent in 2014, likely to be one of the party’s worst results in a nationwide election ever.
The Brexit Party was in first place, and was likely to do better than
the UK Independence Party did in 2014, according to BBC projections.
hina rolled off the production line a prototype magnetic-levitation train with a designed maxim