On the total length in planning, Beijing, Shanghai and

Guangzhou all w阿拉爱上海女神会所ill build subways covering more than 1,000 k

ilometers, and Shenzhen, Wuhan and Chengdu plan to reach 800 kilometers.

However, the financial situation in operating these urban rail networks was not satisfactory. While

over 600 billion yuan ($86.69 billion) invested into the sector in more than 30 cities last year, o

nly a few cities managed to break even, according to the 21st Century Business Herald.

Data from 28 cities showed that the ratio of revenue and expenditure stood at 78 percent in

2018 after increasing 8 percentage points from the previous year. Only four cities — Hangzhou, Qin

gdao, Shenzhen and Beijing — achieved balance last year, and the rest of 24 cities operated at loss.

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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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Share planning with BrazilJinping meets with Brazilian Vice

Newly elected South American leaders see China as stable partner

China would like to have a shared planning process with Brazil to achieve coordinated development, President Xi Jinping

said on Friday during a meeting with Brazilian Vice-President Hamilton Mourao at the Great Hall of the People in Beijing.

Calling the two countries highly complem

entary, Xi said China welcomes Brazil’s participation in the building of the Belt and Road.

He said China supports the prosperity and develop

ment of Brazil and believes that China-Brazil cooperation will produce great outcomes.

Xi asked Mourao to extend his sincere greetings to Brazil’s President Jair Bolsonaro, who took office in January. Chi

na appreciates the efforts made by the new government to promote the comprehensive strategic partnership, he said.

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President Xi inspects high-tech companyL MAG Rare-Earth

President Xi Jinping inspected a company that manufactures high-tech magnetic m

aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.

Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali

zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.

Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm

ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.

Ren’s comments came after the US Commerce Department said on Monday that it gave Hu

awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd

ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.

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China announces new tariffs on US goodsday that it wil

China said late on Monday that it will increase tariffs on the bulk of $60 billion of US imports to three categories of rates between 10% and 25%.

For the rest of the $60 billion US imports, the duty rate will remains at 5 percent.

The tariffs will hit around 5,000 products and will take effect on June 1.

It is China’s latest response to the additional US tariffs on $200 billion of Chinese goods, which were implemented on Friday morning.

The move fully demonstrates Beijing’s firm determination to defend its due interest

s and legitimate rights in international trade and economic cooperation, according to analysts.

Guanxi, compadrazgo and bapakism. Three words from China, the Philip

pines and Indonesia that encapsulate the same values of the vast continent through the a

ges-a shared belief in the importance of the family and the community over the individual.

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countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt

and Road Initiative will work together to enhance scientific and technological coop

eration in disaster prevention and mitigation, according to a joint declaration.

The collaboration aims to make areas along the initiative safer, more sustainable a

nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r

oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reduct

ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic

huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

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He underlined the importance of properly mitigating

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.

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teps aimed at helping further develop countryside opt

hina will undertake key measures to further integrate the country’s rural and urban areas

and encourage the transfer and free flow of people and resources throughout the nation.

Measures include relaxing hukou (household registration) barri

ers, reforming zoning regulations for rural and residential land, marketing collective land

in rural areas for development purposes and increasing infrastructure spending in the countryside.

Experts said the new plan, announced by the Communist Party of China Ce

ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr

ess in rural revitalization, driving up the process of urbanization and further boosting the economy.

China has a three-step plan. First, it will initially build a framework an

d mechanism for integrated development of urban and rural areas, and gradually rem

ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo

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sees stronger ties with Chilectivity with Latin s hig

Interconnectivity with Latin American countries high on bilateral talks agenda

China and Chile should connect their development strategies and promote interconne

ctivity between Chile and other Latin American countries, President Xi Jinping said on Wednesday.

Xi made the remark while meeting with Chilean President Sebastian Pinera in the Great Hall of th

e People in Beijing. Pinera is on a five-day state visit and planned to attend the Second Belt and Road

Forum for International Cooperation. Premier Li Keqiang also met with him on Wednesday.

Xi said Chile is the first South American country to have established diplomatic relation

s with China, and the first Latin American nation to fully acknowledge China’s status as a market-oriented economy.

Xi said that Chile, the first Latin American country to have signed a bilateral free trade agreement with China an

d to have upgraded the agreement, is an important cooperation partner in jointly building the Belt and Road.

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BRI winning hearts and minds in Azerbaijanative to

“The Belt and Road Initiative proposed by President Xi Jinping in 2013 has touc

hed the hearts of the Azerbaijani people, as the restoration of the ancient Silk Road i

s for the benefit of the entire world, and the development and prosperity of all countries,” Hajiyev said.

“The Belt and Road Initiative is not imposing anything on anyon

e, it just provides a framework for mutually beneficial cooperation,” he added. The fundam

ental features of the Belt and Road Initiative are that every country knows how to de

velop in their own way. As China and Azerbaijan have a strong traditional friendship, Hajiyev believes the init

iative will provide immense opportunities to bring China and Azerbaijan closer.

According to Hajiyev, Azerbaijan fully supports the initiative, and

is building new bridges of cooperation and frien

dship. “We are looking forward to the second Belt and Road Forum for International Co

operation at the end of this month, and Azerbaijan will actively participate in this high-level event,” he said.

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