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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.
multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold.
China pays close attention to building a law-based government, abolishing improper r
ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said.
The president highlighted building infrastructure of high quality, sustain
ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative.
Infrastructure is a bottleneck in the development of many nations
, Xi said, and building infrastructure can help countries give full play to their ad
vantages in resources and better integrate into the global supply, industry and value chains.
Xi called on countries to uphold multilateralism, promote green devel
opment and fight corruption with zero tolerance in the process of building the Belt and Road.
portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone
tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub
mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli
nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.
Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A
mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after
the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.
“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they
will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth
er enhance cooperation on several space projects focusing on satellite networks in future.
ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.
“We will build a high-standard and high-quality financing system to s
upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.
He suggested promoting financing cooperation for projects in
third-party countries, equity investment and attracting more private funding.
Enhancing debt and risk management is a key consideration for deepening BRI financi
ng cooperation, said Yi Gang, governor of the People’s Bank of China, the central bank.
“The debt issue in developing countries should be treated objective
ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho
ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.