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ong the country’s top development priorities in the telecommuni
cations industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Te
chnology, said on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedit
e the commercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has a
lready unveiled its first 5G chip and first 5G foldable smartphone, the Mate X, which is
expected to hit the market in June, despite challenges involving the United States.
Also on Friday, shortly after the US said it would ban Huawei from buying US t
echnology without special approval, Huawei’s chipmaking arm, HiSilicon, said
various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int
erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order.
Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri
mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said.
Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec
hanism of the use of power in law enforcement as well as the supervision over such powers.
Efforts should be made to help the public feel fairness and justice in every case, Xi said.
He also urged public security staff to improve their work so that human rights can be guarant
eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.
ures are consistent with the top-line measured GDP growth number. For example, production and
supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl
us, value-added index of transport, storage and post increased by 7.3 percent.
A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif
ting away from a development strategy based on heavy investment in industry and
infrastructure to one based on services and domestic consumption. Also, more productive industries that tur
n out higher-value added goods are growing at a much faster rate than traditional heavy industry.
Among large companies, State-owned enterprises grew 4.5 percent yea
r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro
ng progress is being made toward the goal of promoting private enterprise, which was re
inforced by many policies announced at last month’s meeting of the National People’s Congress.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individual buyers between March 22 and early April.
The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
onds issued by the central government as well as bank deposits with the same maturity.
Gross local bond issuances hit 1.18 trillion yuan in the first qua
rter, compared with only 219.5 billion yuan in the same period last year.
The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for ongoing construction, especially
for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.
Croatia, April 13 — China and the Central and Eastern European Count
ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.
The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t
he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.
According to the guidelines, China and the CEECs are willing to pro
mote railway projects cooperation in line with respective laws and regulations and through
consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza
tion development, management, technology development, logistics and freight terminal construction.
China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is
welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u
nder the understanding that it respects the principles of transparency and non-discrimination.