China will further open the financial market to welcom

e more overseas investors in. The cross-border trade and investment will be more free and convenient, said Pan.

He called China’s economy stable, as the major economic indicators were within a reasonable range.

In April, the National Bureau of Statistics said the purchasing ma

nagers’ index for the manufacturing sector stood at 50.1, indicating expansion as the reading was above 50.

The broad money supply, or M2, increased 8.5 percent year-on-year by the end of April, compared with 8.3 percent a year earlier.

“The prudential monetary policy was focused on countercyclical adjustments this year, maintaining flexibility as well as

ample liquidity to promote fast growth of credit and strengthened support of private and small enterprises,” Pan added.

hebeishengxin.cn

screenshot of the “father sharing” mini programher” is also

While some netizens praised the story, others felt cheated for the home decoration advertisement afte

r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A

dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.

Oppein, the creator behind the promotion, however, said on social media that

it hoped everyone would pay attention to the lack of father figures, and return to the family for love.

“Everything can be shared in this era, apart from family love,” the company said.

China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio

n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.

Meanwhile, investment from South Korea, the United States and Germany in Chin

a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.

In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.

qiuLuhuang.cn

then to 0.20, together with the inclusion of Mid Cap China

 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.

About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic

h will take place as of the close of May 28, and the three largest additions to this index would be the

Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.

In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi

tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.

MSCI also updated the list of China A Mid Cap securities that may potentially be adde

d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th

wuxianzhongguo.cn

Winter Games: 1,000 days to gontdown activity unfolds in Be

With 1,000 days to go before the 2022 Winter Olympics, pr

eparations are well underway for a successful and sustainable event.

Built for the 2008 Summer Games, Olympic Park in Beijing’s north

ern downtown area entered the spotlight again on Friday as the country began its cou

ntdown. The 2022 Winter Olympics, will be held in Beijing and co-host Zhangjiakou in adjacent Hebei province.

As the symbolic “1,000” flashed on a digital clock on the park’s Lin

glong Tower, a broadcasting facility for the 2008 Games, expectations were heig

htened for the winter sports extravaganza, which will run from Feb 4 to 20 in 2022. Three zones will feature athl

etic events — downtown Beijing, the city’s northwest Yanqing district and Zhangjiakou’s mountain district Chongli.

www.ttjjshq.com

Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.

“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer

accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.

China has made steady progress in urbanization, as the ranks of permanent urban r

esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.

Last month, the National Development and Reform Commission said it

plans to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

www.oxkinp.cn

Employees have been working according to the che

edule in some companies, including some well-known internet enterprises. Earlier this year, Youzan, an e-commerce compa

ny based in Hangzhou, Zhejiang province, triggered controversy by introducing the “996” schedule in its annua

l meeting. The move even prompted the labor authorities to conduct an investigation against Youzan.

Workers have been working overtime in many industries for yea

rs. But now, many programmers in internet companies are opposing the “996” schedu

le because the extra work does not come with any compensation or bonus. To reduce the labor cost, many high-tech and int

ernet companies are laying off workers. That means, there are fewer people left to shoulder the extra work. Tha

t’s a reason why the overloaded IT programmers have now burst out with complaints.

Alibaba chairman Jack Ma has said that only by working harder

and longer than others can an employee achieve success in life. He h

as also said that those who want to join Alibaba should be prepared to work for 12-hour work a day. This not only goe

s against the Labor Law but also violates the rights and interests of the employers, and could harm their health.

www.changhaisheng.cn

Shanghai aims to rev up car sales with trade-in subsidies

The city of Shanghai has become the first local government to answer the call of the central gove

rnment to promote automobile consumption by providing subsidies, since 10 mi

nistries and commissions of the country released six major methods of promoting car sales in January.

The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i

n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi

ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.

The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered

vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.

China’s automobile market saw a sales decline in 2018 for the first time

in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y

ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy

vehicles this year, the promotion of car consumption depends more on local governments and enterprises.

shuyin-edu.cn

IMF upbeat on China’s 2019 growth in Zhuhai, Guangdong

The International Monetary Fund said on Tuesday that it expects China’s economy to grow 6.3 percent in 2019-up 0.1 perce

ntage point from its prediction in January. Analysts said the world’s second-large

st economy is set to remain stable as authorities continue to implement supportive policies.

The latest World Economic Outlook, released at the start of the sp

ring meetings of the IMF and the World Bank in Washington, also predicted the United States e

conomy would grow 2.3 percent this year, 0.2 percentage point lower than the IMF’s earlier forecast.

The outlook for China falls within the range of the country’s targeted goal of securing between 6 p

ercent and 6.5 percent growth for this year, and is very close to that of Chinese researchers.

On April 1, Zhang Ping, a researcher at the Institute of Economics of the Chinese Acad

emy of Social Sciences, said China’s GDP growth should remain at 6.2 percent in the fir

st half, and average 6.3 percent for the whole year, thanks to incentives including tax and fee cuts.

shadoujiazu.com.cn

Residents in Beira, the city worst-hit by the disaster told A

  many victims were injured by the flying metal sheets from the roofs of some houses in the area.

  ”Flying sheets of metal decapitated people. People are very bad here, some are in hospital… we don’t have any help h

ere… it’s getting bad, we’re eating badly, we’re sleeping badly and we don’t have homes,” Rajino Paulino said.

  Layla George, another victim said she was sleeping on Thursday

night when the roof of her house was blown away by powerful winds caused by the cyclone.

  ”I was inside my house, I was sleeping and I had set the bed for my daughter to sle

ep underneath… suddenly the roof flew away. I had locked the door and I lost the keys. We started crying for help

but there was no help because it was the middle of the night and there was a lot of wind,” George told AFP.

  They said they have lost their houses and they have no place to stay.

shlf18.com

Still, they are just the tip of the cat economy iceberg. Medi

care, theme parks, pet boarding services are expanding the sector.

The Spring Festival holiday in February was a peak period for such services as more pet ow

ners tended to make use of luxury pet hotels as ordinary boarding kennels were overbooked.

Beijing-based Liu Ronghuan, 35, a college teacher, said she was quite satisfied with the pet hotel she chose for her cat.

It offered fancy services like massages, beauty salons, and pet portrait photos. The s

even-day stay cost Liu about 5,000 yuan, almost the same price as a three-star hotel room.

“Compared with the price, I cared more about whe

ther my cat was having an enjoyable time during the family reunion time,” Liu said.

www.happla.cn