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April 2019

Services are growing rapidly. The value-added of th

 tertiary sector, which is mainly services, grew from 56.7 to 57.3 percent of GDP from the same period last year. The

Index of Services Production increased 7.4 percent year-on-year, higher than the growth rate of overall GDP.

Overall retail sales of consumer goods also grew at 8.3 percent. Sales of upgraded consumer goods witnessed fast gro

wth, with the highest rates concentrated in upgraded products such as cosmetics, phones and computers.

And, high-tech services grew at an astonishing rate of 21.2 percent. In prepa

ring for consumer 5G telecoms next year, the output of mobile communications base stations grew 153.7 percent.

The data also show strong movement toward the government’s goal

of creating an ecological civilization. New energy automobiles and solar cells grew by 48.2 percen

t and 18.2 percent, respectively. Sales of urban rail vehicles grew by 54.1 percent, showing the

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Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

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Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

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The annual report estimates that total electricity cons

umption in 2019 is expected to grow 5.8 percent. Demand for coal is expected to hit 3.95 billion

tons, with the power sector still playing a significant role in the consumption of coal.

Consumption of oil is predicted to reach 620 million tons, up 1.6 percent year-on-year, while

the growth rate for natural gas consumption is expected to slow, with an annual consumption of 310 billi

on cubic meters in 2019, up 10.4 percent year-on-year, it said.The 2019 Beijing International Horticultural Ex

hibition (Expo 2019 Beijing) opens to visitors Monday, and will showcase a wide variety of flowers, fruits, vegetables and

herbs from across the world, including more than 300 rare and endangered plant species.

Nearly 20,000 volunteers across media, translation and giving directio

ns will work at the 162-day event, running April 29 – Oct 7. Click to watch their greetings in s

even languages: Chinese, English, Russian, French, German, Spanish and Japanese.

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Hospital in Boao has business license revoked over ille

Hainan provincial health authorities have revoked Boao Yinfeng Healthcare International H

ospital’s business license, for illegally administering HPV 9-valent vaccines, according to a statement Sunday.

Located in the Boao Lecheng International Medical Tourism Pilot Zone, the hospit

al has since January last year vaccinated 37 customers with HPV 9-valent, charging each 9,000 yuan.

They did so without obtaining an official vaccination outpatient license, said the statement.

It said the local health commission of Qionghai, where the Boao pilot zone is loc

ated, on April 18 issued the hospital a notice of penalties, including a warning, confiscati

on of illegal income, a fine of 8,000 yuan, and a revocation of its business license as a medical institution.

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Relevant government departments have begun inves

igations into the source of the vaccines to find out whether they were fake vaccines or smuggled in from overseas.

The HPV 9-valent vaccine, only officially available at Boao Super Hospital in the Boao Lech

eng International Medical Tourism Pilot Zone in Hainan since May last year, was developed for women bet

ween the ages of 16 and 26 to deal with diseases like cervical cancer caused by nine types of HPV.

The Boao pilot zone is the first place on the Chinese mainlan

d allowed to import HPV 9-valent vaccines and other drugs without ne

eding central government permission, in line with the nine preferential polices granted to it by the Stat

e in 2013, such as special permissions in importing medical technology, medical equipment and medicine.

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Consensus to lead to common prosperityries pose f

President says gathering sets stage for more Belt and Road progress, cooperation

More than $64 billion in deals were signed during the Second Belt a

nd Road Forum for International Cooperation, President Xi Jinping told members of the me

dia from home and abroad in Beijing after the three-day event concluded on Saturday.

In addition, Xi said, during the preparation and holding of the fo

rum, parties reached 283 pragmatic outcomes, including intergovernmental cooperation agre

ements, cooperative projects and the launch of multilateral cooperation platforms.

The outcomes fully demonstrate that joint building of the Belt and Road conforms to the trend of the times, wi

nning the hearts of the people, improving livelihoods and benefiting the whole world, he said.

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China welcomes financial institutions around the worl

 to participate in financing Belt and Road projects, Xi said, adding that multiple participants will bring common benefits.

Xi announced that China will support 5,000 people from innovative sectors in Belt and Road

countries in conducting exchanges, training programs and joint research in the next five years.

Xi called for joint efforts to facilitate trade and investment and oppose protectio

nism, saying that the flow of products, funds, technology and people can propel forces for economic growth.

According to Xi, more than 150 countries and internat

ional organizations have signed cooperation documents to jointly build the Belt and Road.

The BRI has opened new space for global economic growth and

built a new platform for international trade and investment, Xi said.

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Last year, we issued an announcement offering op

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.

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Leveraging private funds prioritized in BRI projects

China’s financial minister and central bank governor vowed to strengthe

n debt management and leverage more private funds for infrastructure construction un

der the Belt and Road Initiative, suggesting a new framework to assess debt risks for partner countries on Thursday.

The Ministry of Finance published a debt-sustainability analysis framework for the BRI’s participating economies at the start of t

he Second Belt and Road Forum for International Cooperation, a three-day event in Beijing.

Financial institutions of China and other BRI economies are encouraged to use the “nonmandatory” policy t

ool for rating debt risk before making lending decisions. The analysis method is based on in

ternational standards provided by the International Monetary Fund and World Bank, according to the ministry.

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