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Report: China’s speed of development rarely seen

The speed of China’s development has rarely occurred in economic h

istory, with the country’s economic aggregate breaking 90 trillion yuan over the last 70 yea

rs for China to become the world’s second-largest economy in 2018, said financial news outlet Yicai on Friday.

In 1952 China’s GDP was 67.9 billion yuan, with per-capita GDP standing at 119 yuan.

In 2018 the two figures surpassed 90 trillion yuan and 64,644 yuan, making for respective multiplications of 1,325 and 542 times.

The first Five-Year Plan (1953-1957) began China’s industrialization, concentrating efforts on developing heav

y industry and establishing the foundations for the modernization of national defense.

On the plan’s completion in 1957, China’s GDP reached 106.9 billion yuan, a 57 percent increase compared with 1952.

weilutu.cn

After a half-month visit to China, a team from the IM

led by Asia and Pacific Department Deputy Director Kenneth Kang, summarized that “China can play an impor

tant role and would benefit from further opening up and other structural reforms that enhance competition.”

The previously issued policy is sufficient to stabilize growth by 2020, despite the rec

ent US tariff hike, according to the fund’s report. “No additional policy easing is ne

eded, provided there are no further increases in tariffs or a significant slowdown in growth.”

Only if the trade tensions further escalate and threaten economic and financial stability, a

dditional policy easing, such as fiscal expansion, could be used to stabilize the economy, it said.

www.ypcxf.cn

One aim of the literature festival is to improve the cul

ltural appeal of the countryside so as to attract people back, Jia says. The organizers are als

o working to promote communication between the authors and the villagers, and encourage more reading activities.

Rural resident Ren Chunhua, 63, who now works as a narrator at a local history gallery, was list

ening to Ge Fei’s lecture in her gallery neighboring the festival venue and wanted to buy his work and got the write

r’s signature. She thought Ma’s work inspired by village life in the 1950s was well-written and accurately reflected the reality there.

Literature aficionado Cao Liang drove for two hours from Taigu county to attend the lectures. Having coll

ected all of Su’s books and being familiar with many of the guest authors’ works, he is currently writing his own novel.

Villagers took turns to attend the festival, a move which Ren believes will in

vigorate the local cultural environment and raise Jiajiazhuang’s profile.

qianpadbe.com

While many people doubt whether Mo could top the s

success of winning the Nobel Prize in Literature in 2012, Zhang Qinghua, professor at Beijing Normal University, believes that Mo’s way of dealing with this h

as been to make a return to his hometown, a village in Gaomi, Shandong province, both in reality and spiritually.

Mo didn’t publish any new work in the five years following the award, when in 2017 he

released several short stories, poems and theater works, mainly reminiscing about his hometown.

Unlike Mo’s former novels, Peking University professor Chen Xiaoming notes th

at his new works are more reserved, realistic stylistically and employ more simple language. Literary cri

tic Li Jingze is impressed that Mo has remained acutely sensitive to the realities of urban and rural life.

www.qianpadbe.com

This topic has gone viral among Chinese netizens, an

d turned into a red-hot search item on Sina Weibo, China’s equivalent to Twitter.

The gross output value of the Chinese snack industry has reached 2.22 trill

ion yuan, according to a report released in December by the Circulation Industry Pro

motion Center, which is affiliated with the Ministry of Commerce.

Online e-commerce has accelerated the market penetration rate of snack food, cultivating and promoting purchasing habits of

customers, the report said, adding that snacks accounted for nearly 30 percent of the total online food sales.

A total of 15 tons of mahua (fried dough twists) and 10,769 pieces of subing (crispy cookies) sold out

in just four days. An 8-year-old snack company predicted its revenue would top 10 billion yuan this yea

r. All these have shown China’s snack industry is developing at an unprecedented speed.

qianpadag.com

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.

ypidv.cn

hina to issue white paper on China-US economic, trade

 China will issue a white paper about its stance on economic and trade talks with the United States Sunday morning.

The white paper, titled China’s Position on the China-US Economic and Trade Consultat

ions, will be released at 10 am on June 2 by the State Council Information Office, which will also hold a press conference.

China has raised additional tariffs to a maximum 25 percent on part of the $60 billion worth of US pr

oducts, effective June 1, according to a statement by the Customs Tariff Commission of the State Council.

The rates of additional tariffs on some of the products will be increased to 25 percent, 20 percent, and 10 percent, re

spectively. The 5 percent additional tariffs applied to some products remained unchanged.

The move came after the US’ latest tax increase on $200 billion worth of Chinese goods from 10 percent to 25 percent.

 

www.lgcrm.cn

Wuxi officials punished over kindergarten ‘gang’ question

Three officials in Wuxi, East China’s Jiangsu province, have been gi

ven Party and administrative punishments on Thursday over an inappropriate question about

whether kindergarten children were involved in gangs, the local government said on its official Wechat account.

According to the government of Wuxi’s Xishan district, Feng Dongyan, director and Party chief

of the Xishan Education Bureau, has been given the punishment of warning within the Party.

Wang Zhaoyu, director of the educational bureau’s general office, has been given a serious warni

ng within the Party and removed from office. Lu Zhongxian, director of the bureau’s educational equi

pment and student aid management center, was also given a serious warning and dismissed.

ax142.cn

To achieve the government target of bringing down the

the percentage of adult smokers to 20 percent by 2030, we have a lot of work to do,” he said.

The biggest obstacle to tobacco control in China is the powerful toba

cco industry, which is one of the biggest tax contributors to the government, he said.

Despite an increasing number of cities having local regulations on tobacco control,

national legislation is still lacking, due to causes including influence from the industry, he said.

“Only a few big cities, such as Beijing, Shanghai and Shenzhen h

ave strict tobacco control regulations and law enforcement, but in most areas in China suc

h regulations are absent,” he said. “The prevalence of tobacco has caused serious health conseque

www.cdzszyg.cn

The debate seems to be generating wide interest in Chi

 China, with related hashtags getting more than 150 million views on Weibo.

Eunice Yoon, Beijing bureau chief and Inside China host at CNBC Interna

tional, tweeted to Regan that 120 million people viewed a Chinese hashtag that she tran

slated to: “Fox News female anchor challenges debate after being accused by CCTV for being emotional”.

Yoon, incidentally, was a former classmate of Regan’s at Phillips Exeter Academy, a prep school in New Hampshire.

“Seeing the kind of reaction online, I want to say, it’s important for us to have a meaningfu

l discussion to try to understand each other better. I appreciate the opportunity,” Liu wrote on May 24.

Liu has been working at CCTV since 1997, after graduating from Nanjing University’s English studies program.

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