hina spends heavily on government-subsidized housing

China’s fiscal sp上海419论坛女神会所ending on government-subsidized housing saw a rapid increase in 2018 am

id government efforts to curb housing speculation and improve people’s livelihood.

Fiscal expenditures on government-subsidized housing projects totaled 737.2 billion yu

an ($107 billion) last year, up 46.4 percent year-on-year, the Ministry of Finance said in an online statement.

The funds helped the renovation of 6.26 million shantytown units in u

rban areas and 1.9 million dilapidated houses in rural areas, and supported the co

nstruction of the matching facilities for 300,000 public rental housing, the ministry said.

The ministry vowed to strengthen supervision and management of the funds for government

-subsidized housing in 2019, and standardize the financing for shantytown renovation projects.

The country saw stable housing prices last year amid government co

ntrol policies under the principle of “houses are for living in, not for speculation.”

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In the 5G era, higher reliability and lower latency can

be realized, m上海419论坛女神会所 aking the internet of things more effective and ena

bling tasks that are impossible in the 4G era, such as overseeing self-driving vehicles.

Telecom equipment maker Huawei Technologies Co said in a statemen

t on Thursday that it is ready to help China accelerate commercial use of 5G.

Huawei’s global pioneering capabilities offering 5G solutions can support Chinese telecom carriers to build a sound net

work. China will lead the world in commercializing the superfast wireless technology, the company said.

Huawei has invested about $2 billion in total into the research and development of 5G since 2009.

ZTE Corp, another Chinese telecom gear vendor, also said in a statement that its produ

cts are ready for commercial use and it will actively participate in the commercial

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Xi to visit Kyrgyzstan, Tajikistan, attend A summits

President Xi Jinping will pay state visits to Kyrgyzstan and Tajikistan f

rom June 12 to 16, a foreign ministry spokesperson announced Sunday.

From June 12 to 14, Xi will pay a state visit to Kyrgyzstan and attend th

e 19th meeting of the Council of Heads of State of the Shanghai Cooperation Or

ganization (SCO) to be held in the capital city of Bishkek, Spokesperson Lu Kang said in a statement.

From June 14 to 16, Xi will attend the fifth summit of the Conference

on Interaction and Confidence Building Measures in Asia (CICA) in Dushanbe, t

he capital city of Tajikistan, and pay a state visit to the country, Lu added.

Xi is paying the visits at the invitation of Kyrgyz President Soo

ronbay Jeenbekov and Tajik President Emomali Rahmon, according to Lu.

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Jinping takes questions at the 23rd St. Petersburg Interna

上海乌托邦品茶微信Speech in St. Petersburg highlights global teamwork, BRI coordination

President Xi Jinping reaffirmed China’s stance on promoting the process of economic global

ization and maintaining the multilateral trading system at a forum held in Russia on Friday.

China would like to share its most advanced scientific achievements with the world, inclu

ding 5G technologies, and jointly cultivate new core competitiveness and share its economic growth model, Xi said.

The president made the remarks in a speech at the plenary session of the 23rd St. Petersburg International Economic Forum.

Xi said that China will continue to deepen its reform and ope

ning-up, ease market access and build a market environment with fair competition.

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Ghazipur was opened in 1984 and reached its capacity

 in 2002 when it should have been closed. But the city’s detritus has kept on arriving each day in hundreds of trucks.

“About 2,000 tons of garbage is dumped at Ghazipur each day,” a Delhi municipal official said on condition of anonymity.

In 2018, a section of the hill collapsed in heavy rains killing two people. Dumping was banne

d after the deaths, but the measure lasted only a few days because authorities could not find an alternative.

Fires, sparked by methane gas coming from the dump, regularly break out and take days to extinguish.

Shambhavi Shukla, senior researcher at the Center for Science and Environment in New D

elhi, said methane belching from the garbage can become even more deadly when mixed with atmosphere.

Leachate, a black toxic liquid, oozes from the dump into a local canal.

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White paper: US backtracks on its pledgesington’s dema

The United States should take responsibility for the setback in economic and tra

de consultations with China, a government white paper said, warning that “red lines” cannot be crossed.

The US government has backtracked on its commitments three times in the trade negotiations with

China and should bear sole responsibility for the stalled progress, the paper said on Sunday.

The white paper, “China’s Position on the China-US Economic and Trade Consultations”, was

released by the State Council Information Office. It came amid ongoing tension between the world’s two largest economies.

Speaking at a news conference on Sunday, Vice-Minister of Commerce Wang Shouw

en said China is willing to work together with the US to find solutions concerning differences on the eco

nomic and trade fronts, and to reach a mutually beneficial and win-win agreement.

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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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Students to be vital cogs in travel sectordents born betwe

College students born between 1995 and 2000 are becoming a vital new part of the dynamic travel market in China, with most of th

e young students making their first summer trips after enrolling in colleges, a new study said.

Though the motivation for making tours is relatively high among college students, their choices are

limited due to economic constraints with price being the major criteria for booking flight tickets, said the stud

y conducted by Qunar, an online travel firm owned by Ctrip, China’s largest online travel agency.

During summer vacations, students tend to choose flights that depart b

tween midnight and 2 am, as well as between 5 am and 9 am. The number of bookings of red-e

ye and budget flights is nearly three times higher than other regular flights, the Qunar study said.

sjhtjn.cn

Pacts set to be signed during Xi’s state visitbal strateg

Pragmatic cooperation, global strategic stability high on Sino-Russian agenda

Beijing and Moscow will sign around 30 cooperation documents d

uring President Xi Jinping’s state visit to Russia next week, including two joint statements on bilateral t

ies as well as on global strategic stability, Vice-Foreign Minister Zhang Hanhui said on Thursday.

Xi will kick off a three-day state visit to Russia on Wednesday at the invitation of Russian President

Vladimir Putin, and attend the 23rd St. Petersburg International Economic Forum to be held between June 6 and June 8.

The two presidents will witness the signing of an array of agreements on business d

eals in areas such as trade, investment and energy, Zhang said at a media briefing in Beijing.

This year marks the 70th anniversary of diplomatic ties between

China and Russia, and Xi’s visit will mark a milestone for both countries, Zhang said.

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ale Zhang, managing director of Shanghai-based con

nsultancy Automotive Foresight, said SEAT’s smaller cars will help its parent company to reach custo

mers in China’s smaller cities, where electric cars built on Volkswagen’s own platforms would be less affordable.

Volkswagen, as well as its subsidiaries from Audi to Porsche, plan to deliver aro

und 1.5 million electrified vehicles, most of them pure electric cars, in China by 2025.

It also expects global sales of electrified vehicles will total 22 million by 2028, and half of them will be produced in China.

China overtook the United States as the largest producer and market of new energy vehicles in 2015.

The China Association of Automobile Manufacturers expected sales of su

ch vehicles to reach at least 1.6 million this year, up from 1.2 million in 2018.

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