tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.
In the meantime, allowing retail access to local government bonds will help diversify the
investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.
The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.
hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua
rter, according to data released by the National Bureau of Statistics on Wednesday.
The growth was unchanged from that registered in the fourth quarter of last year.
The country’s industrial output posted steady growth in the same period, up by 6.5 percent
year-on-year, compared with 5.7 percent in the previous quarter, official data showed.
Fixed-asset investment growth was 6.3 percent in the first quarte
r, compared with 6.1 percent in the first two months, according to the NBS.
Retail sales increased by 8.3 percent year-on-year in the same pe
riod, compared with 8.2 percent in the first two months, the data showed.
hina’s economic growth will remain stable in the first quarter, and is expected to land at 6.3 percent or even higher year-on-year when it is released this week, e
conomists said after some economic indicators for March surprised the market on the upside.
“Downside pressure began to ease in the first quarter, as signaled by the r
ather substantial recovery in various economic indicators in March,” said Yao Jingyuan, form
er chief economist at the National Bureau of Statistics and a researcher for the Counselors’ Office of the State Council.
Chinese banks’ lending in yuan, a leading indicator for the real economy
, surged in March by 1.69 trillion yuan ($252 billion), up 52 percent from a year earli
er, according to the People’s Bank of China, the central bank. The manufacturing purchasing managers inde
x for March, which was back into expansion territory, may be a sign of accelerating industrial activities.
Exports in March also picked up, rising 14.2 percent in US dollar ter
ms from a year ago, versus 0.1 percent for the January-February period, customs data showed.
favorite city to work and live in for the sixth year in a row, followed by Beijing, Hefei, Hangzhou, Shenzhen, S
uzhou, Qingdao, Tianjin, Xi’an and Wuhan.
The campaign also looked at cities with the most potential to attract expats, naming X
iamen, Nanjing, Urumqi, Guangzhou, Xuzhou, Haikou, Kunming, Jinan, Dalian and Chengdu.
In recent years, China has implemented a work permit system for foreigners to come to Chi
na and a visa system for expats. This has promoted the government affairs, policies, work and living
environment of Chinese cities, allowing more expats to live and work better in China.
The survey has been conducted for nine years, starting in 2010. The A
mazing China 2018 poll took place from November to December. Results were anal
yzed from 239 signed votes from top expert panels, 2,815 votes from foreign experts, and 94,849 votes from internet users.
A man has been arrested after an incident in west London on Saturday morning. Police f
irearms and Taser were discharged, according to a latest statement released by Metropolitan Police.
According to the statement, police were called at around 8:30 am local time on Saturday, with reports o
f a car in collision with a number of parked vehicles near the Ukrainian Embassy in Holland Park, west London.
“As part of the protective security arrangements for London, armed and unarmed officers were
deployed to this incident,” said the statement, adding that “on arrival at the scene, a vehicle was driven at police officers.”
Police confirmed that firearms and Taser were discharged, the vehicle was stopped and a man in his 40s was arrested, not injured.
Andy Walker, chief superintendent in the Met’s Specialist Firearms Command, said: “as is st
andard procedure, an investigation is now ongoing into the discharge of a police firearm during this incident.”
China’s first cinema that shows films in the Burmese language opened in Ruili, Southwest China’s Y
unnan province, on Saturday, as the city celebrated one of its most important festivals, the Water Splashing Festival.
Named Bao Bo Hall in Chinese – transliterated from the word “brotherhood” in Burmese, the dedicated screening roo
m is in a 1,500-square-meter new cinema built with an investment of 12 million yuan ($1.78 million).
Films to be shown in the hall will be dubbed and subtitled in Burmese.
A major border crossing between China and Myanmar, Ruili is now home to ap
proximately 60,000 Burmese people, accounting for about one-third of its population.
In benefitting from the Belt and Road Initiative, as well as the China-Myanmar Economic Corridor, the small city has seen a
n increasingly close and active interaction between the two nations, both economically and culturally.
yers say the Home Secretary would have some leeway in deciding which takes priority. Considera
tions would usually include which request came first, and which alleged crime was more serious.
Most of the lawmakers who signed the letter are from the opposition Labour Party, whose leader, Jere
my Corbyn, wants Britain to refuse to send Assange to the US After Assange’s arrest, he prai
sed Assange for exposing US atrocities committed in Iraq and Afghanistan.
Some Conservative Party members are also backing the move. Prom
inent lawmaker Alistair Burt, a former Foreign Office mini
ster, said the “minimizing of the issues in relation to sexual assault are really quite disturbing.”
He said the testimony of the women who have been involv
ed makes it “essential” that Assange face justice to either be cleared or convicted.
Assange, 47, has denied the sexual misconduct allegations, which he claims are politically motivated.