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After a disappointing performance in 2018, China’s economy appears to be stabiliz
ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow
th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar
ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.
Moreover, fixed-asset investment (FAI) grew by 6.3 percent－0.2 percentage points higher than in the previous quar
ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in
frastructure (4.4 percent). The growth of investment both in real estate and infrastru
cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.
aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a
whose annual net income was less than 200 yuan ($30) were defined as living below the p
overty line in China in 1985. The line was raised to less than 2,300 yuan by 2011.
Second, how are policies designed to help the poorest people? Chinese policies aim to give the poor a roof over their heads, guarantee
food, clothing and basic medical services, and provide their children with nine years of compulsory education.
Funds and resources have been made available for agricultural subsidies and cheap loans to rural far
mers. Funds also went into rural revitalization, to integrate regional development and build infrast
ructure connecting villages to markets so that farmers could sell their products more easily. Villagers have been enco
uraged to be innovative, with incentives and loans for them to become self-employed and to set up micro-businesses.
Moreover, teams of officials have been traveling to faraway and isolated rural areas to help individual
s and families with individualized plans that target specific problems, such as whether there is ill
ness or disability in the household. In other words, China has not taken a “one-size-fits-all” approach for the tough cases.
breed 100 chain enterprises, and create 1,000 service outlets for residents this year, according to the project list.
Moreover, construction of the Beijing Daxing International Airport, subway lines 3, 12 a
nd 16 and interurban railways connecting Beijing and the Xiong’an New Area are also underway.
The ongoing national laboratory of cyberspace, Beijing Institute of Quantum Information Science, Science City in No
rtheast Beijing’s Huairou district will pull the city into the fast lane in science and technology.
“Investment contributes around 30 percent to the city’s eco
nomic development,” the director said, adding social capital, or capital raised by society rat
her than the government, has taken up over 90 percent of last year’s 334.6 billion construction investment.
“Social capital is welcomed at key projects investment t
his year as well, aimed at taking up at least 50 percent of projects and 70 percent of investment,” Tan said.
meting purchasing power across the country. It’s a situation, Emami says, that has made a lot of treatable cases lethal.
”I have a patient upstairs … I diagnosed him with brain cancer. The cost of biopsy, the chemotherapy and medication is
very high. So, the family asked me if I could leave him be,” says Emami. “Every day, we see this story here.”
Even when families can afford medical equipment they often join long waiting lists. Cardia
c pacemakers are in short supply in the country, and patients must abandon their regular lifestyles, an
d become admitted to hospitals where they are hooked up to a cardiac machine.
Emami tells CNN that some families are opting out of paying for feed
ing tubes for relatives with advanced Alzheimer’s disease. Without the feeding tubes, the pat
ients spend the rest of their days wired to machines in hospitals, instead of receiving home care.
President Xi Jinping and his wife, Peng Liyuan, stand with Portuguese President M
arcelo Rebelo de Sousa at Belem Palace, the official presidential residence in Lisb
on, Portugal, on Dec 4, 2018. [Photo/Agencies]
President Xi Jinping and his Portuguese counterpart, Marcelo Rebelo de Sousa, vowe
d on Friday to make concerted efforts to advance bilateral ties to benefit the two countries and the two peoples.
The two presidents made the statement in exchanging congratulations on the 40th
anniversary of the establishment of diplomatic ties between China and Portugal.
In his congratulatory message to Rebelo de Sousa, Xi said that over the past four d
ecades, the two nations have been promoting sound development of bila
teral ties in the spirit of mutual respect, treating each other as equals and benefiting from win-win cooperation.
He hailed the proper resolution of the question of Macao by the two countries in 1999
as a good example of how nations can solve problems left from history through friendly consultations.