Last month, China has set its GDP growth target for this

year at a range of 6 to 6.5 percent, according to the 2019 Government Work Report.

A further 3.24 million new urban jobs were added in the first quarter, and the survey

ed unemployment rate remained at a comparatively low level of 5.2 percent in

March. Consumer price registered a moderate rise by 1.8 percent in the first three months this year.

A basic equilibrium in the balance of payments was m

aintained, and China’s foreign exchange reserves remain more than $3 trillion.

Economic structure further improved during the same period. Value-added high-tech se

ctor’s output rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, NDRC has approved 50 fixed asset investment projects, mainly i

n the fields of energy, transportation and high-tech sectors. The total investment hit 370.3 bill

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The World Economic Outlook noted that Chinese autho

orities have responded to the slowdown in 2018 by limiting the e

xtent of financial regulatory tightening, injecting liquidity through cu

ts in the reserve requirement ratio, and reducing personal income taxes and corporate value-added taxes.

The overall outlook for emerging Asian economies rem

ains favorable, with China’s growth projected to slow gradually towa

rd sustainable levels. It predicts the country’s growth will moderate to 6.1 percent in 2020.

“China’s growth is set to stabilize,” said Cheng Shi, chief economist at ICBC International.

“As China increased its growth stabilization policy efforts, its economy has shown sig

ns of stability in the first quarter and may further consolidate in the second,” Cheng told China Daily.

China’s business activity revived and beat market expectations

in March, with the manufacturing purchasing managers index return-ing into expansion territory aft

er three months of contraction, according to the National Bureau of Statistics.

uozyxg.cn

Zeng Bibo, founder and CEO of Ymatou, said overseas shopp

ping via livestreaming services could completely and truly demonstrate the detailed infor

mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.

Zeng added that the consumers’ demands have become more p

ersonalized and diversified. “They have higher requirements for high-quality and cost-effe

ctive products, which brings out huge opportunities for cross-border e-commerce industry.”

It is noteworthy that the post-90s generation favor niche

and designer brands, and also are addicted to livestreaming videos, Zeng said.

Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.

By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83

countries including the United States, the United Kingdom, Japan, South Korea and Australia.

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In the second half of 2018, total deal number and value

 in all sectors fell back to low levels, and PE/VC investors turned more cautious. Although TMT secto

rs saw a big drop in deal numbers and value compared with the first half amid the lackluster PE/VC inves

tment market, they remained the leaders among all sectors,” Gao Jianbin, PwC China TMT leader said.

The report also said similar to the first half of 2018, the num

ber of PE/VC deals involving startups was the biggest among all categories in the second half, while compan

ies in the expansionary period received the largest investment in terms of deal value. Investors adopted a strate

gy to avoid risks by mainly investing in mature projects that had survived market competition and were in stable development.

“As China officially launched an innovation initiative for the integrated circuit industry an

d a government IC industry fund raised 150 billion yuan ($22.4 billion) in second-phase financing, a number of IC inn

ovation enterprises have been established in the second half of 2018,” said Charline Ni, PwC China technology leader.

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Her announcement that she was asking for a three-month

  delay caused uproar in the chamber.

The opposition Labour Party accused her of “blackm

ail, bullying and bribery” in her attempts to push her deal through, and one

prominent Brexit supporter in he

r own Conservative Party said seeking a delay was “betraying the British people”.

  Britain voted in 2016 to leave the EU by 52 percent to 48 – a decision that has

split the country, opening up divisive deb

ates over the future of the economy, Britain’s place in the world and the

nature of Britishness itself.

  A European Commission document seen by Reuters said the delay should

either be several weeks shorter, to avoid a clas

h with European Parliament elections in May, or last at least until the end of the

year, which would oblige Br

itain to take part in the elections – something that May said was not in Britain’s interest.

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ameras found by police hidden inside a hotel wall outletand hair

The site had more than 4,000 members, 97 of whom paid a $44.95 monthly fee to access extra features, such as the ability to replay certa

in live streams. Between November 2018 and this month, police said, the service brought in upwards of $6,000.

“There was a similar case in the past where illegal cameras were (secretly installed) and were consistently and secretly

watched, but this is the first time the police caught where videos were broadcast live on the internet,” police said.

South Korea has a serious problem with spy cameras and illicit filming. In 2017, more than

6,400 cases of illegal filming were reported to police compared to around 2,400 in 2012.

Last year, tens of thousands of women took to the streets of Seoul and other cities to p

rotest against the practice and demand action, under the slogan “My Life is Not Your Porn.”

Play VideoIllicit spy cam cases skyrocket in South Korea 02:24

In response, Seoul launched a special squad of women inspectors, w

ho have been conducting regular inspections of the city’s 20,000 or so public toilets to searc

h for spy cameras, though some critics have denounced the move as a superficial response to a societal issue.

daochuwan.cn

The reductions will be up by more than 50 percent on

with tax cuts alone accounting for more than 10 percent of the tax revenue target this year, according to the government budget, Wang said.

The cuts aim to reduce the burden on manufacturing companies, small

and micro-sized enterprises, and the working class, in an effort to stabilize em

ployment, the financial sector, trade, domestic investment and market confidence, Wang said.

He made the comments during an interview at the annua

l meetings of the national legislature and China’s top political advisory body.

“This scale of tax cuts and fee reductions has rarely been seen over the past decades, both

inside and outside China. It demonstrates the resolution, confidence, wisdom and power of our Party and gov

ernment to overcome difficulties and make great efforts to build a strong state,” he said.

www.xiaovfuli.cn

ollege entrance exam reform extends to more provinces

An ongoing reform of China’s college entrance exam and enrolling system, under which stude

nts used to be selected for their performance on a single test, has been extended to cover more pro

vinces in China, according to the Ministry of Education.

Initiated in 2014, the reform aims to make the selection of studen

ts and their enrollment in universities a more sc

ientific and fair procedure and promote education for students’ all-around development.

In 2018, the reform was expanded to eight provincial-level regions, n

amely Hebei, Liaoning, Jiangsu, Fujian, Hubei, Hunan, Guangdong and Chongqing, whe

re Year-1 high school students starting from fall 2018 needed to prepare for the change.

shoppingfair.org

Indian PM Modi’s reputation as a strong leader put to

  As tensions between India and Pakistan escalate yet again wit

h Delhi launching airstrikes on what it says was a terrorist training camp across its de facto bord

er with Islamabad, all eyes are on Indian Prime Minister Narendra Modi.

  As the world’s biggest democracy heads into general elections in a few weeks, the

government’s stance on its nuclear armed neighbor comes at a critical time.

  Modi built up formidable support ahead of his 2014 campaign, in which his Bha

ratiya Janata Party (BJP) claimed a record-breaking 282 seats in the national parliament.

  Since joining the Hindu nationalist organization Rashtriya Sway

amsevak Sangh (RSS) in 1972, and joining ma

instream politics 15 years later as a member of the BJP, Modi has enjoyed a steady rise to power.

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DPRK leader leaves Pyongyang for Hanoi for second DPRK

PYONGYANG — Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK), left here Saturday afternoon by train f

or Vietnamese capital Hanoi for the second DPRK-US summit, the official Korean Central News Agency (KCNA) reported Sunday.

Kim will meet with US President Donald Trump there on Feb 27-28. Their first meetin

g was held in June 2018 in Singapore, which resulted in improved bilateral relations.

Kim will pay an official visit to Vietnam at the invitation of Vietnamese President Nguyen Phu Trong before his meeting with Trump.

Kim was accompanied by Kim Yong-chol, Ri Su-yong, Kim Phyong-hae and O Su-yong, members of th

e Political Bureau and vice-chairmen of the Central Committee of the Workers’ Party of K

orea (WPK), Ri Yong-ho, member of the Political Bureau of the WPK Central Com

mittee and foreign minister, No Kwang-chol, alternate member of the Po

litical Bureau of the WPK Central Committee and minister of the People’s Armed Forces, among others, said the KCNA.

Kim was seen off at Pyongyang Railway Station by Kim Yong-nam, Choe Ryong-hae and Pak Pong-ju, members of the Presidium of the Political Bureau of the Cen

tral Committee of the WPK, and other senior officials of the party, government and armed forces, said the KCNA.

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