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

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Boosting rural areas will help solve dilemmas of ove

rcrowding and rampant construction plaguing cities, and the development of cities will also offer unique ways to bring about rural revitalization,” Chen said.

“As restrictions on hukou will gradually be removed, cities need to be well-prepared to offer

accommodation and employment opportunities, and allow children of migrant workers to have equal access to education,” Chen added.

China has made steady progress in urbanization, as the ranks of permanent urban r

esidents stood at 831 million at the end of 2018, up 17.9 million from the previous year, said the National Bureau of Statistics.

Last month, the National Development and Reform Commission said it

plans to increase the urbanization rate by at least 1 percentage point by the end of this year.

Shen Chi, vice-director of the China Center for Urban Development, said the government’s new

plan will help foster high-quality and sustainable economic development across the nation.

“Relaxing the hukou policy will be a key step in promoting the free flow of labor across

the nation,” Shen said. “A systematic consideration and arrangement of the integratio

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investment in environment-friendly urban mas

 transit. According to NBS preliminary estimates, the share of consumption of clean energy such as natural gas, hydropo

wer, nuclear power and wind power in total energy consumption in the first quarter was 1.5 percentage points hi

gher than that of the same period last year. Energy consumption per unit of GDP went down by 2.7 percent year-on-year.

Total investment in fixed aassets grew by 6.3 percent, with private invest

ment growing at 6.4 percent, slightly faster than the overall number. This is es

pecially significant in the light of last year’s fears that private investment in the econo

my might collapse. So, the government’s efforts to strengthen the private sector appear to have borne fruit.

Investment in high-tech manufacturing rose by 11.4 percent and investme

nt in high-tech services rose 19.3 percent, both far higher than overall investment gro]

wth. This shows that the shift toward advanced manufacturing and services is well underway.

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Provincial growth tops expectationsroducts at a mach

Figures show faster Q1 development, signaling a healthy start for industries

Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect

ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.

Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p

rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven

partly by central and local governments’ favorable policies to accelerate supply-side reform.

Industrial output in Zhejiang province grew 8.9 percent year-on-yea

r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster

than its 2019 target, Huang said, without specifying the province’s growth goal.

“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb

eat readings will continue boosting market expectations and confidence,” he added.

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Taylor said the US will ultimately “pay the price for

this”, in the form of an incomplete and inaccurate understanding of China by barring scholars wh

o have great familiarity with US politics and policymaking and have the ear of Chinese officials.

Douglas H. Paal, vice-president of the Asia Program at the Carn

egie Endowment for International Peace, said it appears that the scholars who best unders

tand the US and communicate well with China’s leaders are being denied visas or threatened with denial.

“I don’t see how this is in America’s interest,” Paal said.

Some US media have mentioned that China also denies visas to

US academics, but Taylor and Paal said that has not been

their experience when applying for Chinese visas to visit China for academic exchanges.

In a news conference on Thursday, when asked if China rejected a visa application fr

om an adviser to US President Donald Trump, Foreign Ministry spokesman Lu Kang

said Chinese embassies and consulates overseas always handle visa applications according to law.

China welcomes cultural exchanges between China and the US an

d will actively promote mutual understanding between the two countries, Lu said.

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China’s foreign direct investment up 6.5% in Q1

China’s foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of t

his year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.

FDI in China from non-financial sectors reached $35.8 billio

n in the first three months, up 3.7 percent year-on-year.

Investment from South Korea, the United States and Germany in China m

eanwhile increased 79.6 percent, 71.3 percent and 86.1 percent year-on-year, respectively.

Foreign capital flowing to the country’s high-tech manufacturing s

ector surged 14.8 percent year-on-year to 25.97 billion yuan during the same period.

March’s FDI amounted to 95.17 billion yuan, up eight percent year-on-year.

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Fiscal spending can directly influence fixed-asset inves

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.

happla.cn

On investment, members of the cooperation mechan

nism will provide a fair and just environment and a level playing

field for foreign companies doing business in their own countries by upholding the principl

es of mutual respect, mutual benefit and fair competition, according to the guidelines.

On the role and significance of China-CEEC cooperation, the guidelines said the mechan

ism constitutes an important part of Europe-China relationship and complements the EU-China Compre

hensive Strategic Partnership and the EU-China 2020 Strategic Agenda for Cooperation.

Reaffirming their commitment to deepening their partnership for peace, growth, reform a

nd civilization, the participants to the leaders’ meeting expressed their support for the early conclu

sion of an ambitious EU-China Comprehensive Agreement on Investment, said the guidelines.

On the Belt and Road Initiative, the participants said they recognize the importance

of the initiative and the EU Strategy on Connecting Europe and Asia and welcome forging synergies between them.

www.exstorm.org

our responsibility to eliminate this risk. We own it

nd we know how to do it,” Boeing CEO Dennis Muilenburg said in a video, according to the report.

Also on Thursday, an Ethiopian official confirmed news reports that the flight crew of the d

oomed flight had followed Boeing’s recommended procedures, at least in part, by disabling the automated anti-s

tall system of the 737 Max 8 but were unable to regain control of the plane before it crashed.

At a news conference in Addis Ababa, the nation’s transportation minis

ter confirmed earlier indications that the plane’s anti-stall system was repeatedly triggere

d in the minutes between the takeoff and crash, but he did not draw definitive conclusions about the crash’s cause.

“The pilots turned the MCAS on and off, but I can’t say how many times, because we will find t

hat out when we have the final report,” Dagmawit Moges, Ethiopia’s transportation minister, told The N

ew York Times. Moges was referring to the anti-stall Maneuvering Characteristics Augmentation System.

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After decades of rapid GDP growth, China’s economy has en

entered a new era of moderately slowing expansion and a transition to a high-quality grow

h model. That has pushed economists to reconsider some long-term issues, such as whether the economy wo

uld cool down sharply before a considerable rise in wealth, especially after a period of fast growth.

“The key method to ensure China’s role as a high-income cou

ntry is to adjust industrial structures and promote productivity,” said Zhu Min, an inf

luential Chinese economist and former deputy managing director at the International Monetary Fund.

High-tech manufacturing, the service industry and the digital economy will be the new engines

for the economy, while some traditional driving forces, such as injecting funds into the market, are losing momentum, Zhu said.

China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per cap

ita GDP was about $9,700. Economists predict that if the country maintains growth of at least 6 percent th

is year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.

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