going reform measures have made its financial market increasingly appealing to overse
as investors,” the administration said on Monday in a statement on its website.
“The administration will continue to support the opening-up of financ
ial markets, meet demand from overseas investors to expand investment in the ma
rkets and attract global long-term capital to enter China’s financial markets,” it said.
Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore
ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co
mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.
China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi
nancing to play a more significant role in allocating savings and investment, and better serve the economy.
ures are consistent with the top-line measured GDP growth number. For example, production and
supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl
us, value-added index of transport, storage and post increased by 7.3 percent.
A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif
ting away from a development strategy based on heavy investment in industry and
infrastructure to one based on services and domestic consumption. Also, more productive industries that tur
n out higher-value added goods are growing at a much faster rate than traditional heavy industry.
Among large companies, State-owned enterprises grew 4.5 percent yea
r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro
ng progress is being made toward the goal of promoting private enterprise, which was re
inforced by many policies announced at last month’s meeting of the National People’s Congress.
was “extremely unlikely” any of the 27 countries would veto a delay.
AP”If one country was to veto an extension and, as a result, impose hardship on us, real problems for the Dutch and Belgians
and French as neighboring countries (to the UK)…they wouldn’t be forgiven for it,” he told Ireland’s RTE radio.
magnitude earthquake at a depth of 17 kilometers was detected at 1:25 pm on Sund
ay in Beijing’s Haidian district, according to the China Earthquake Networks Center.
Two earthquake experts said the minor quake was a normal activity in the earth’s crust caused by chan
ges in crustal stress, and there is no need for the public to panic, according to a report on huanqiu.com.
“It is a normal and isolated event,” said Guo Xun, dean of the Civil Engineering School at the Institute of Disaster Prevention.
“As Beijing is at the junction of the earthquake zones of Shanxi province, the Hebei Plain
and Yanshan Mountain, the city will experience one to two earthquakes at around magnitude-3 degree ev
ery year, according to past experience,” Sun Shihong, a researcher at the China Earthquake Networks Center, added.