then to 0.20, together with the inclusion of Mid Cap China

 A shares, in the final step as part of the November 2019 Semi-Annual Index Review, according to the report.

About 109 companies will be added and three removed from the MSCI China A Onshore Index, whic

h will take place as of the close of May 28, and the three largest additions to this index would be the

Wens Foodstuff Group A, Contemporary A and Shenzhen Mindray A, the MSCI said.

In addition, the MSCI China A Onshore Small Cap Index will see 503 stocks added and 49 cut, with most of the new addi

tions coming from newly eligible ChiNext stocks, according to an official statement of MSCI.

MSCI also updated the list of China A Mid Cap securities that may potentially be adde

d to the MSCI China and the MSCI Emerging Markets Indexes as part of the third step of th

wuxianzhongguo.cn

The disabled, whether fully or partial, will be the priori

ity in nursing services,” Jiao said. “We will release a detailed standard for evaluating nursing services for the disab

led elderly population, including psychological needs, so the services will aim precisely at those most in need,” she said.

Xi Huan, vice-president of Beijing Hospital, said major medical institutions need to m

ake more efforts to improve services for the elderly, including the promotion of disease prevention edu

cation and increased follow-up visits for elderly patients who have been discharged from the hospital.

“Big hospitals should provide more help for elderly patients, and more follow-up nursing services after they leave the ho

spital, so they can get timely help if problems occur at home or at community health centers,” he said.

www.ypcxf.cn

He said that from a long-term perspective, populat

ion determines economic growth. Even though it will take some time, the large number of people i

n BRI-related economies will ultimately prove the potential for economic development in those countries.

Ma Yu, a researcher at the Chinese Academy of International Trade and Economic Cooperatio

n, said the BRI provides a new impetus for the recovery of the world economy. The improvement in infra

structure, and digital-related manufacturing brought by the BRI will restore the development capacity of the worl

d economy and bring new opportunities for the partnership between Chinese and local companies.

Also on Monday, the Office of the Leading Group for Promoting the Belt and Road Initiative

released an official report on the development, achievements and prospects of the BRI.

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As a prominent expert on China-US studies for decade

 Zhu also was twice denied single-entry visas to the US.

“This shows how the US is trying to block normal social exchanges bet

ween the two countries, an important channel for mutual understanding and trust,” Zhu said.

Besides scholars in social sciences, the US also began last year to make it harder for Chinese graduate students to get visas if they stud

y in “sensitive research fields”. It warned biomedical researchers at US universities to beware of “Chinese spies

trying to steal information from their laboratories”, according to The New York Times report.

Jon Taylor, a professor of political science of the University o

f St. Thomas in Houston, said the decision is “both absurd and exceedingly shortsighted”.

“These scholars and researchers are social scientists with a long history of interactin

g with their American counterparts as well policymakers in both countries,” he said.

“They are scholars teaching and researching what I teach and research. What are they going to steal?”

www.shlf18.com

yers do need their staff to work extra hours to meet pro

 deadlines or fulfill other tasks, they can ask them to work overtime – but not than 36 hours a month and only after consulti

ng and reaching an agreement with the labor union and the workers. More important, empl

oyers have to pay at least 1.5 times the usual salary to the employees for overtime work.

This is to protect the rights, interests and health of the workers.

Jack Ma, founder of Alibaba Group, has added fuel to the debate, by saying that empl

oyees who get the “opportunity” to work according the “996” schedule are the luc

ky ones, because in many companies employees don’t get the chance to work long hours.

But the fact is, if employers do not meet the two essential requiremen

ts to make employees work overtime – consulting wo

rkers and restricting the amount of extra work – and force the “996” schedule o

n their workers and make them work for more than 60 hours a week, they violate the Labor Law.

changjiangjiaoxiang.cn

Shanghai aims to rev up car sales with trade-in subsidies

The city of Shanghai has become the first local government to answer the call of the central gove

rnment to promote automobile consumption by providing subsidies, since 10 mi

nistries and commissions of the country released six major methods of promoting car sales in January.

The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i

n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi

ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.

The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered

vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.

China’s automobile market saw a sales decline in 2018 for the first time

in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y

ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy

vehicles this year, the promotion of car consumption depends more on local governments and enterprises.

shuyin-edu.cn

However, Xi said the country still has a lot to do to mak

ke up for the environmental arrears of the past, and its lack of forest c

over and vulnerable ecology remain problems requiring substantial efforts to conquer.

He called on officials at different levels to lead the public in making unwavering efforts to continue with tree planting programs.

It is also important to act on the understanding that clear w

aters and lush mountains are invaluable assets, promote the high-quality development of forestati

on programs and continue to promote the development of forested cities and rural areas, he said.

He also called for greater efforts to improve the living environm

ent, develop the green economy and step up the management and protection of forests.

Environmental protection has long been a priority for Xi, who has called on several occasions for efforts to protect the natu

ral environment “the way we protect our eyes”, and cherish it “as we cherish our own lives”.

www.nqmqgh.cn

Nearly 3.4 billion trips were made on Chinese rail line

 last year. Every day, an average of 5.5 million people use the nation’

s high-speed trains, accounting for nearly 60 percent of daily users of the country’s rail network.

The State-owned rail car manufacturer CRRC Corp, the world’s largest train maker, had sta

rted developing a new-generation of bullet train that will operate at 400 kilometers per hour.

A preliminary report issued on Thursday by Ethiopian officials found that a malfunctioning sensor sent incorrect inform

ation to a Boeing 737 Max 8 jetliner, triggering an anti-stall system that began a chain of events that ended with th

e plane nose-diving into the ground, killing 157 people on March 10, the Associated Press reported.

Boeing has acknowledged that the sensor malfunctioned in the Ethiopian Airlines 737

Max jetliner, triggering the anti-stall system when it was not needed, the AP reported.

In addition, CRRC is designing two types of maglev trains-a 600 km/h high-speed version and a 200 km/h medium-speed ver

sion. Designers said the company expects to put them into service sometime around 2021.

www.bwdq.com.cn

Currently, all special purpose local government bonds are

domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link

ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re

cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.

In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor

t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi

on yuan compared with 2018, and this fund gap will be supplemented by general bonds.

In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la

rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.

Letting individual buyers invest in local government bonds is a way to narrow the government’s financin

g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym

akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.

qiuLuhuang.cn

The welder spent another three hours on Friday morning but

had to quit again as he had to pick up his son from primary school at noon. He joined the line again

after lunch, but he didn’t have any idea about when his turn will come when

China Daily interviewed him at 4:30 pm.

There were so many donators that the organizers brought dozens of stools to

the site so that people could rest after waiting a long time.

Many people also came to Xiangshui

People’s Hospital to offer free food and medicine fo

r those hospitalized. Chen Yueru, a member of local volunteer association, said they have received 2,177 boxes of packed

food for lunch, more than 10,000 bottles of water, 24 boxes of ham sausage and 14

boxes of instant noodle and 500 breads at the hospital.

She said clothes are in demand for many of the injured as the belongings of many

have been buried in debris and stained with blood and dirt.

Gao, the red society volunteer, said a company has donated about 600 bottles of a s

pecial medicine for wound sterilization and has also sent medicine for the injured.

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