There are signs that the central government will not cha

ange its resolution to control house prices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation.

On May 11, Suzhou tightened housing policies further, China Daily ea

rlier reported. The down payment ratio for a family’s first home purchase has been rais

ed from 20 percent to 30 percent.China may grant official 5G licenses, instead of the interim licenses prev

iously planned, to telecom carriers this year and is likely to start commercial use of the superfast wireless technology nat

ionwide in the near future, possibly as soon as October, according to people familiar with the matter.

Newly built property in certain parts of the city cannot

be traded for a three-year period after purchase, and for five years in the case of pre-owned property.

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The idea of setting up such a museum came to Kang wh

en he visited a museum of broken relationships in Chengdu, capita

l of Southwest China’s Sichuan province, with two friends in January. They tho

ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.

They acted fast and opened the museum after three months’ preparation.

The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who

ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.

China has several museums of broken relationships now, in Nanjing, Chen

gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.

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In the past several months, China has announced and

started to implement a “negative list” program that allows foreign co

mpanies to have 100 percent ownership in investments in all areas of the economy, excep

t for a small number of areas, such as telecoms and defense, that are explicitly prohibited.

Also, foreign investment has been simplified by creating a one-stop regulatory shop and a single application process.

These new policies will lead to greater competition within China, forcing C

hina’s companies to become more efficient and to produce higher quality products.

The Chinese government has also recently announced tax cuts and financial regulations desi

gned to help private companies. This will hasten the ongoing transition to a market-driven economy.

Most Chinese State-owned enterprises are not relevant to trade negotiations. Many are in non-tradable sectors such as p

roperty development, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

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The Portuguese president is in Beijing on a state visit.

He also attended the Second Belt and Road Forum for International Cooperation, which concluded on Saturday.

Bilateral trade reached over $6 billion last year, a year-on-year increase of 7.4 percent, according to the Ministry of Commerce.

Rebelo de Sousa said the two countries should translate their long-term friends

hip into future-oriented partnership, adding that he is fully confident of the prospects of the ties between them.

He said his attendance at the forum demonstrates his country’s

resolute support for the initiative. Portugal wants to build even closer links with China in trade, i

nvestment, science and technologies and culture, and develop the third-party market cooperation, he said.

Portugal supports intensification of European Union-China partner

ship and jointly safeguarding multilateralism and promoting free trade, he added.

www.xshp118.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.

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Xi said China’s moves to boost opening-up follow from

 an independent choice based on the objective need of the country’s reform and development.

This is helpful in promoting high-quality growth, meeting the people’s need

s for a better life and promoting peace, stability and development of the world, he said.

China also hopes that other countries will create a good investment environment, treat Chinese enterpris

es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.

Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro

perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.

China will enhance policy coordination with the world’s major economic entities and j

ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said

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President calls on think tanks to boost teamwork, Belt, Roa

President Xi Jinping called on Wednesday for exchanges and cooperation between Chinese and foreign think

tanks for more high-quality research results to push Belt and Road construction to a higher level.

Xi made the remark in a congratulatory letter to the i

naugural meeting of the Belt and Road Studies Network held in Beijing on Wednesday.

The launch of the think tank network took place ahead of the Second Belt and Road Fo

rum for International Cooperation being held from Thursday to Saturday in the capital.

Xi said in the letter that the development of history, the prosper

ity of civilizations and the progress of mankind are closely connected with the guidance of advanced thought.

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Fixed-asset investment growth was 6.3 percent in the first

 quarter, compared with 6.1 percent in the first two months, the National Bureau of Statistics reported.

As favorable policies are implemented at all levels of government in the sec

ond quarter, manufacturers will start seeing concrete financial benefits and industrial out

put is expected to at least maintain a steady expansion from April to June, said Qin H

ailin, a senior industrial economy researcher at the China Center for Information Industry Development.

At the news conference, ministry officials also denied market rumors that China’s telecom carrie

rs are slowing down their investments in 5G, the fifth-generation mobile communication technology.

They said 5G is recognized as a fundamental digital infrastructu

re for societal and economic development, but it will take time to build a nationwide 5G netw

ork. China’s plan is to roll out the superfast technology step by step, the officials said.

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Li said the common interests of China and the EU far out

 outweigh their differences, and expanding their common interests will help narrow those differ

ences. Li spoke at a joint news conference with Tusk and Juncker after the meeting.

The two sides will continue to strengthen synergies between the EU strategy on Connecting Europe and Asia, the EU’s Trans-E

uropean Transport Networks and the China-proposed Belt and Road Initiative, the statement said, adding they welco

me further exchanges in 5G networks and technological cooperation between their business communities.

During the meeting, the EU and China also reaffirmed their commitment to multilaterali

sm. The Chinese and EU leaders also worked on coordinating their positions on regional and internationa

l hot spot issues such as the Iran nuclear issue, the Korean Peninsula nuclear issue and the Venezuela situation.

Foreign Ministry spokesman Lu Kang said on Wednesday that the joint statement reflects the resolve of China and t

he EU to strengthen their unity and coordination at a time that multilateralism is being challenged.

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nd Turkey, disruptions to the auto sector occurre

rred in Germany, and financial tightening in larger adva

nced economies have all contributed to a “significantly wea

kened global expansion”, said IMF Chief Economist Gita Gopinath.

“With this weakness expected to persist into the first half of 2019, o

ur new World Economic Outlook projects a slowdown in g

rowth in 2019 for 70 percent of the world economy,” she wrote in a blog on Tuesday.

With improved prospects for the second half of 2019, global growth in 2

020 is projected to return to the 2018 level of 3.6 percent, according to the IMF report.

“This recovery is precarious and predicated to reboun

d in emerging markets and developing economies, wher

e growth is projected to increase from 4.4 percent in 2019 to 4.8 percent in 2020,” Gopinath said.

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