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The Chinese economy has stayed on a trajectory of stable gro
wth, and the country’s economic fundamentals will remain p
ositive in the long run, President Xi Jinping said in a written interview with Russian media.娱乐地图女神会所
娱乐地图On the eve of his state visit to Russia, Xi told TASS Russian News Agency and the Rossiyskaya Gazeta newspaper on Tues
day that China has all the necessary conditions, capability and confidence to deal with any risks or challenges.
Despite a slowdown in global growth and trade, the Chinese economy娱乐地图
娱乐地图女神会所has had a strong start this year with key economic indicators remaining in a proper range, he said.
The development of energy-saving and environmental protection industries will receive mo
re support, and breakthroughs in key areas such as clean energy and low-carbon technologies will be encouraged, he said.t娱乐地图
Li also called for more efforts to strengthen pollution treatment facilities, and he undersco
red the importance of using pricing, taxation and green finance policies to bring about better results.
t娱乐地图女神会所The premier also called for efforts to refine laws and regulations in pollution control.
President Xi Jinping and former US president Barack Obama announced in a joint statem
ent during a meeting in Beijing in November 2014 that the two countries would reduce greenhouse gas output. China vowt娱乐地图
ed to put a peak on its carbon dioxide emissions by around 2030, while the US pled
ged to bring national emissions to at least 26 percent below their 2005 levels by 2025.
The pledges were also part of each country’s national commitments related to the 2015 Paris climate agreement.
ng should be leveraged to improve coordination mechanisms
for economic policies such as finance, currency, employment, industry, and regional develop
ment to ensure the nation’s economic development stays within a reasonable range, the statement said.
The meeting highlighted the importance of strengthening innovative cap
abilities as well as opening-up and cooperation in this regard, and called for improving the serv
ices and environment for opening-up and cooperation so that development is promoted through opening-up, inn
ovation is advanced through reforms and win-win results are achieved through cooperation, it said.
Tough and newly emerging problems should be resolved through deepening reforms, the state
ment said, adding that the capability of dealing with challenges and preventing risks should be intensified.
nternational relations scholars of his generation think of the US
as an example of the value of “freedom, democracy, fairness and human rights”.
“But those words are no longer applicable to describe the US today,” he said.
ore than a short-term absence from US academic activities, and “it is the US’ loss, not ours”.
He also said the decision would not affect the Chinese think tank he leads in continuing aca
demic exchanges with the US, and he suggests that China should not take countermeasures over such matters.
“No matter how petty the US becomes, China should still stick to its open attitude rather compete for who’s worse,” he said.
The China-proposed Belt and Road Initiative is not a geopolitical tool or a debt trap for particip
ating countries, but a platform for cooperation, State Councilor and Foreign Minister Wang Yi said on Friday.
Wang made the remark at a press conference ahead of the second Belt and Road F
orum on International Cooperation, which will be held in Beijing next week.
conomy and Informatization, the trade-in program targets the 603,000
vehicles complying with State-III emissions standards or below in this city.
Shanghai also encourages owners of public service vehicles — such as buses, sanitation vehi
cles, postal cars, taxis and light logistics vehicles — to replace their current vehicles with electric ones.
The city will improve auto financing, leasing and used car trading, as well as the construction of charging poles and hydrogen
refueling stations, to promote the use of new energy vehicles, the commission added.
The Shanghai Automotive Industry Corporation G
roup (SAIC), China’s largest automobile manufacturer, has set up a 3 billion yuan fu
nd to support the trade-in program, with trade-in models limited to its Roewe, MG and Maxus brands.
A gasoline vehicle trade-in would enjoy a subsidy of 10,000 yuan per vehicle, while a new en
ergy vehicle trade-in would receive a subsidy of 15,000 yuan, the manufacturer said.
In fact, the group had lowered prices of its Roewe- and MG-branded
vehicles last month, in response to China’s VAT reduction policy that started April 1.
growth－and with good reason. China sustained an average annual growth rate of 10 percent from 1980 to 2011, unprece
dented for a large economy. Since 2012, however, the annual growth has slowed down with the Government Wor
k Report presented recently by Premier Li Keqiang setting a growth target of 6-6.5 percent for 2019.
For China doubters, this is a “gotcha” moment. After all, the premier’s grow
th target implies a 40 percent deceleration from the “miracle” trend. This seems to vin
dicate warnings of the dreaded “middle-income trap”－the tendency of fast-growing developing economies to re
vert to a much weaker growth trajectory just when they get their first whiff of prosperity.
The early work on this phenomenon was precise in terms of what to expect: as per capita inco
me moved into the $16,000-$17,000 range (in dollars at purchasing power parity in 2005), a sust
ained growth deceleration of around 2.5 percentage points can be expected. With China having hit that income thr
eshold in 2017, according to International Monetary Fund estimates, its post-2011 slowdown looks all the more ominous.