Conflict also disrupts growth. Although many conflic

icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio

s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so

urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.

But these obstacles are not insurmountable. For one th

ing, developing countries now have huge potential export markets in middle-inc

ome countries, and no longer depend entirely on advanced economies for access to global markets.

Belt and Road can play vital development role

There is also a renewed awareness of the importance of infrastructure in e

nabling growth. In addition to roads, railways and ports, electricity and digital conn

ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install

ation of high-capacity undersea broadband pipes around Africa, represents major prog

www.blghuafenchi.cn

Hospital head removed after 5 infants dieuthern Medical Uni

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been re

moved from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before contracti

ng the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, wh

ile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious becaus

e of the combination of the intestinal virus with lax hospital management.

ashded.com

China’s consumer inflation quickens tosumer price ind

China’s consumer price index (CPI), the main gauge of inflation, gr

ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.

The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru

ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.

NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros

e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.

Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.

Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose

0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.

fyace.org

True, the first quarter of 2019 yielded better-than-expe

ted results. But the higher rate of FAI growth was to a large extent driven by a strong increase in investment in real estate, which is l

ikely to weaken sooner or later owing to the government’s commitment to cooling China’s “real-esta

te fever”. And, given the trade frictions with the US, China’s export performance for the rest of 2019 is highly uncertain.

To compensate for declining investment in real estate and weakening exports, China must maintain reasonable growth in inf

rastructure investment. To that end, the government should pursue higher spending (taking advantage of a strong fis

cal position), supported by accommodative monetary policy (amid very low inflation).

Fiscal and monetary expansion may be out of fashion among China’s mainstream economists, who insist that struct

ural adjustment must be the priority. But it could go a long way toward bolstering China’s economic per

formance in 2019, without impeding structural reform. The challenge is to strike the right balance.

weishow.com.cn

Apart from proposing to build a community of shared

future for mankind in his speech at the headquarters of the United Nation

s in September 2015, and in his report for the 19th National Congress of the Communist Part

y of China in October 2017, Xi has pledged on different occasions to build a peaceful, safe, prosperous, open, incl

usive, clean and beautiful world to let the sunshine of a community of shared future for mankind illuminate the world.

The world, which is going through a phase of adjustment that features huge development and fundamental changes, faces

great and unfamiliar turbulent situations — the overall trends of peace and development are irreversible, while ins

tability and uncertainty are prominent. Some problems and challenges are unprecedented, and the interna

tional community faces crucial choices concerning the future of the world and the fate of humanity.

qianpadae.com

said that “all military units deployed in the eigh

The People’s Bank of China (PBOC), the central bank, has upgra

ded the fifth edition of the renminbi (RMB), the Chin

ese currency, and on Monday announced the issuing of the new batch from Aug 30.

The new issuance will include notes with a face value of 50 y

uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.

Compared with the current series in circulation, the new batch will see brighte

r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.

The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y

uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.

www.8216078.cn

China does not own the Belt and Road Initiative. Nor doe

 it want to. From the start, Beijing has been accentuating the desirabi

lity of voluntary participation, consultations on equal footings, a joint construction proces

s and fair sharing of subsequent dividends.VLADIVOSTOK, Russia – Top leader of the Democratic People’s Rep

ublic of Korea (DPRK) Kim Jong-un arrived in Russia’s Far Eastern city of Vladiv

ostok in his train on Wednesday for the first meeting with Russian President Vladimir Putin on Thursday.

Kim’s armored train stopped at the Khasan railway station

of the territory at 10:30 am local time (0030 GMT) and he was rec

eived by the territory’s governor Oleg Kozhemyako, Russian Minister for the

Development of the Far East and the Arctic Alexander Kozlov, Russian Deputy For

eign Minister Igor Morgulov, and Russian Ambassador to the DPRK Alexander Matsegora.

“I am glad to be on Russian soil,” said Kim, according to the pr

ess release. Kim said that this will not be his last trip to Russia.

www.shlfat.com

The meeting called for expanded investment in comp

ulsory education, basic medical care, housing, drinking water, eldercare and ch

ild care, in addition to addressing other pressing issues for some groups in society.

Social security mechanisms to help those most in need will be furthe

r refined, with subsistence allowance systems set to be optimized, the statement said.

The meeting also called for full implementation of requirements set in the Ce

ntral Economic Work Conference, the annual policymaking meeting held in December.

The meeting urged an even more proactive fiscal policy and full implementation of tax and fee cuts.

Monetary policy will be eased or tightened to the right degree, and

it will be adjusted in accordance with economic growth and real-time inflationary and pricing

scenarios, the statement said, adding that financial support for the real economy will be bolstered.

shlfsm.com

China releases report on progress, contributions and pro

China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).

The document, prepared by the office of the leading group for promoting the BRI, was released ahead

of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.

The Belt and Road Initiative is an initiative for peaceful

development and economic cooperation, rather than a geopolitical or military alliance, said the rep

ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”

“It neither differentiates between countries by ideology nor plays the zero-sum

game. Countries are welcome to join the initiative if they so will,” according to the report.

The BRI has turned ideas into actions and vision into reality, and i

tself into a public product widely welcomed by the international community, the report said.

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The country will host over 5,000 participants from mor

than 150 countries, including 37 heads of state or government, for the thre

e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop

eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.

President Xi Jinping will deliver a keynote speech at the op

ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.

Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t

he head of the Belt and Road, and this is not something any participating country would recognize.

He added that international communities should base their understandings and comments about the BRI on the facts.

Trade volume between China and the countries participating in the B

RI has exceeded $6 trillion, the number of investment is over $80 billion and arou

nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.

shlfcl.com