And, despite ongoing tensions, the total value of impo

orts and exports rebounded sharply in March, reaching 9.6 percent higher than March 2018. S

o, overall trade grew by 3.7 percent year-on-year in the quarter despite low growth rates in January and Febru

ary. Exports of electrical and mechanical products, which are higher value added, grew by 5.4 percent in the qua

rter. And, private sector trade grew 9.9 percent, far more than the overall growth rate.

I am worried to see that total investment in real estate grew by 11.8 per

cent year-on-year. Having lived through the 2008 finan

cial crisis in the United States, I’m wary of continued high investment in real estate in a time when property prices are al

ready astonishingly high and China’s living space per person has already surpassed that in Europe.

The bottom line is that fiscal and monetary policies combined with policies to promote structural transformation have

achieved a stable macroeconomic situation and steady movement toward supply side upgrading.

12xe6.cn

Having watched and researched the Belt and Road

tiative for a very long time, Astle has identified many opportunities provided by the BRI and

some great projects are already successfully being implemented with Chinese partners.

The world’s only medicine treating spinal muscular atrophy (SMA) is entering the Chinese market, it was announced Sunday.

The drug is registered under the name Spinraza in the United States and European Union.

Available in more than 40 countries and regions, Spinraza is expected to bring new

hope for those who living with SMA, a genetic disorder that affects muscle control, in China.

SMA affects between one in 6,000 and one in 10,000 in China, a

nd about 95 percent of the patients die 18 months after birth, doctors said.

ax148.cn

Medical experts said bills for patients requiring 29

of the 55 rare disease medicines available on the Chinese mainland

have been partly or fully covered by the country’s medical insurance system.

The average medical bill for rare disease patients is 200,000 yuan ($

29,700) a year and more than 40 percent of patients have received no medical tre

atment due to the high prices, according to Li Linkang, China Alliance of Rate Diseases executive director.

Biogen, the United Sates-based pharmaceutical compa

ny that developed the drug, said that it is talking to the C

hinese government, the medical and patient communities, and charitable orga

nizations in a bid to establish a co-payment system to make the drug available to more patients.

ax142.cn

hina’s energy consumption hits five-year record

Growth in China’s energy consumption remains robust while the forms

of energy continued to diversify in 2018, according to an annual report on China’s energy devel

opment released Sunday by the China Electric Power Planning and Engineering Institute.

Total energy consumed last year reached 4.64 billion metric tons o

f standard coal, a year-on-year growth of 3.3 percent – a five-year record, according to the report.

Consumption of clean energy, including natural gas, hydropowe

r, nuclear power and wind power, accounted for 22.1 perc

ent of energy consumption last year, up 1.3 percent compared with the same period in 2017.

Non-fossil energy accounted for 14.3 percent, up 0.5 percentage points year-on-year, the report said.

China produced 3.77 billion tons of standard coal last year, up 5 percent year-on-year, a seve

n-year high. It has also become the world’s largest natural gas importer, with a heavier reliance on energy imports.

www.ax147.cn

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.

www.ax132.cn

The BRI originated in China but its opportunities an

 outcomes belong to the world, Xi said, adding that the second forum sen

ds a clear message to the world: The BRI will have a brighter future as the circle of its

supporters expands, as good partners increase and as the quality of cooperation improves.

Around 5,000 people from some 150 countries and about 90 international organizations attended the forum.

Participants hailed the BRI as a great initiative for economic cooperation, saying it is conducive t

o promoting connectivity and enhancing international cooperation in fields such as trade, investment and sustainable development.Calling Belt and Road con

struction a path to common prosperity, Xi said that early results from the BRI op

en up more space for global economic growth, build a platform for international cooperation and make new co

ntributions to the building of a community with a shared future for mankind.

gzbbam.com

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.

www.gzbbwhl.com

Production and sales of these firms picked up in Mar

with the aggregated industrial value added expanding by 8.5 percent year-on-year, 3.2 percentage points

higher than that in the January-February period.

Operation revenue jumped by 13.7 percent year-on-year i

n March, 10.4 percentage points more than that in the January-February period.

Stabilizing prices served as another driver of the rebound, according to an NBS analy

sis. The producer prices rose 0.4 percent year-on-year in March, ending a decline for eight months in a row.

The purchasing prices for raw materials edged up 0.2 percent from a ye

ar ago, 0.1 percentage points higher than that in the January-February period.

Preliminary estimates showed that the price changes added 26.8 billion yuan to industrial profits in March, and the cont

ribution of price changes to industrial profit growth rose by 4.5 percentage points from that in the Ja

nuary-February period, said senior statistician Zhu Hong from the NBS’s Industrial Bureau.

qianpadaf.com

delivers keynote speech at second B&R forum

President Xi Jinping delivered a keynote speech at the opening ceremony of the Second Belt

and Road Forum for International Cooperation in Beijing on Friday. Here are the highlights.

Belt and Road opens up new space for global economic growth

Joint building of the Belt and Road has opened up new space for the world’s economic grow

th. It also created a new platform to boost international trade and investment, expanded new practices to optim

ize the global economic governance, and made new contributions to improving people’s well-being of all countries.

High-quality development of Belt and Road stressed

The principle of extensive consultation, joint contribution and shared benefits should be uphel

d. The open, green and clean approaches should be adhered to. The goals of high-standard, livelihood-impro

ving and sustainable development should be achieved.High-quality, sustainable infrastructure under BRI highlighted

Infrastructure is the cornerstone of connectivity

and a bottleneck of development confronting many countries. Bui

lding infrastructure with such standards can help countries give full play to their advantages in resources and b

etter integrate into the global supply, industry and value chains for interconnected development.

qsnsjb.org

China to support 5,000 people for BRI innovation excha

China will support 5,000 people from innovation sector in Belt and Road countries i

n conducting exchanges, training programs and joint researches in the next five years.

Sustainable development under BRI stressed

China will work with other parties to promote a coalition of sustainab

le cities and an international coalition for green development under the Belt and Road Initiative.

China to invite 10,000 representatives of political parties, think tanks, NGOs from B&R countries

A total of 10,000 representatives of political parties, think ta

nks and non-governmental organizations from count

ries participating in the Belt and Road Initiative will be invited to China for exchanges in the next five years.

China to allow foreign businesses in more sectors with controlling or full stake

China will allow foreign investors to operate businesses in more sec

tors with controlling or full stake. China will roll out a new batch of pilot free trade zones.

www.sdnxs.org