The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

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tional order that was founded by the UN and that br

ught about more than 70 years of general peace and rapid development after World War II. We mus

t oppose a Cold War mentality and competitive rivalry, which go against the tide. We must firmly pro

mote economic globalization, and prompt it to develop in a more inclusive, mutually beneficial, equitable and rat

ional direction so as to realize a common prosperity and progress of humanity.

Third, we should be disseminators of Chinese civilization. Many pun

dits in the contemporary world think that China’s traditional culture contains important an

swers to resolving difficult problems of today’s world. A nation’s most profound spir

itual pursuits are deposited in its culture. China’s development path is rooted in its civilization and traditions.

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Liu also announced that a multilateral development

financing cooperation center has recently been established — jointly with eight multilateral develo

pment institutions including the World Bank, Asian Development Bank and Asian Infrastructure In

vestment Bank — to prepare for “high-quality” projects and promote international standards for BRI financing.

Chinese financial institutions have provided more than $440 billion for BRI infrastructure projects. Renminbi-denom

inated overseas investment funds amounted to over 320 billion yuan ($47.49 billion) and the Chinese capital mark

et has helped companies raise 500 billion yuan through equity funding. BRI countries and companies have issued mor

e than 65 billion yuan in Panda bonds in the Chinese onshore market, according to the central bank.

The World Bank said BRI cooperation is predicted to reduce global trade costs by 1.1 percent to 2.2 percent in 2019.

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China has always maintained that its trade disputes wi

th other WTO members should be properly handled according to the WTO dispute settlement proc

edures. It not only takes the initiative to file claims in order to safeguard its legal interests and the authority

of the WTO rules, but also actively responds to charges, and respects and enforces WTO rulings.

The WTO’s ruling on this dispute over shows that the orga

nization has an important role to play in safeguarding the multil

ateral trading system. It’s not simply a matter of one side tallying up a victory against the other.

The multilateral trading system, with the WTO as its core, has been a mainstay in promoting glo

bal economic development and building an open world economy. The WTO dispute settlement system is the org

anization’s court for settling trade disputes. It maintains a balance between the WTO members’ rights and oblig

ations, and also ensures the effective implementation of WTO principles and rules.

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Lu Zhenwang, CEO of Shanghai-based Wanqing Consul

ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav

e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp

loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”

Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan

ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns

15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.

Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c

onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.

In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as

sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.

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Chinese people are deeply sad about the fire, just as th

He said he believes that with the efforts of the French people and supp

ort from the international community, Notre Dame will be repaired and regain its glory.

The fire broke out around 6:30 pm on the roof of the cathedral, which was covered in scaffoldi

ng. The blaze spread quickly and destroyed the wooden interior before causing the spire to collapse.

It took more than 400 firefighters over 12 ho

urs to put out the fire, and the main structure and two bell towers remained standing.

The cause of the fire is still unknown, though officials said it could be linked to renovation work. Investigators were eag

er to question the workmen in an effort to determine the cause of the fire, according to media reports.

Visiting the scene of the fire in Paris, Macron vowed an immediat

e fundraising effort to rebuild the landmark, calling for international contributions.

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Chinese Bridge Chinese proficiency contest in Univers

Some of the winners will represent Latvia in the 2019 Chinese Bridge competition for universities

and middle school students in China where they will compete with Chinese language learners from all over the world.

Latvia has made remarkable progress in teaching and learning Chinese in recent years, with the succes

sful 16th Chinese Bridge competition taking the promotion of the Chinese language and culture to an even highe

r level in Latvia and strengthening cultural ties between the two countries even more.

The 16th “Chinese Bridge”, was organized by Confucius Institute at the

University of Latvia in cooperation with various education institutions in Latvia.

China’s last female Yangtze giant softshell turtle (Rafetus swinhoei) died on Saturday after an a

rtificial insemination at the Suzhou Zoo in East China’s Jiangsu province. Now, only three remain in the world.

An international research team carried out the fifth artificial insemination for the female turtle on Fri

day, but the animal did not recover from the procedure, even though researchers spent hours trying to save its life.

The dead female turtle is believed to be over 90 years old; Suzhou Zoo’s male turtle is over 100 years old.

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Leaders would assess the situation again when they me

et for a regular summit on June 20-21. Britain could have left by then if May succeeds in bu

ilding a coalition for her deal with the Labour opposition — though there is no sign of agreement yet.

n order to continue as an EU member beyond June, May has agreed to organize British elections to

the European Parliament, though it is still unclear if that vote will go ahead and how far it might t

urn into a virtual second referendum on EU membership that some hope could mean Britain cancelling Brexit.

The other 27 had all but ruled out pitching Britain, and parts of the EU economy, into

chaos on Friday. But a drive by Macron to keep London on a tight leash saw the emergency summit bogged d

own in late-night wrangling as German Chancellor Angela Merkel and others argued the merits of a longer lag.

As at a summit last month, which put back Brexit for two weeks, several EU diplomats said May failed to persuade her peer

s that she could definitely break the paralysis of repeated failures to ratify the treaty within the coming months.

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So, I think I won’t get married until I’m 33,” Gray said

Like Gray, more women and men in the US are single — more than 45 percent of all Americans age 18 or older, the US Census Bur

eau reported in 2017 — and the number of single households around the world also is increasing.

Singles make up about 14.6 percent — about 200 million — of Chi

na’s population, the largest singles population in the world, People’s Daily reported.

Sweden has the highest rate of people staying single, 51 percen

t of all households, according to 2017 data from the European Union’s Eurostat.

Sweden is followed by Denmark, Finland and Germany, which all have more than 40 percent one-person households.

The never-married population age 16 years and over in England a

nd Wales increased by 3.9 million from 2002 to 2017, while the number of married pe

ple increased only by 1.2 million during the same period, UK Census reported.

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