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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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Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

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

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

www.trwater.com.cn

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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Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

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Other revisions in the draft are made in light of new

progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading

in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

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The two sides can help jointly find solutions to glob

 and bilateral issues despite remaining difficulties in bilateral relations, he said.

The thawing of ties between China and Japan was marked by Li’s visit to the country in

May, the first by a Chinese premier in eight years, and the visit by Japanese Prime Minister Shinzo Abe to China in October.

The economic dialogue between the two countries was launched in 2007,

and deteriorated relations due to disputes over a number of issues resulted in an eight-ye

ar hiatus until last April, when the two sides restarted with the fourth round of dialogue in Tokyo.

China said on Monday that the Belt and Road Initiative is open to economic cooperation with

other countries and regions, and it does not become involved in territorial disputes of relevant parties.

Foreign Ministry spokesman Lu Kang said at a daily news briefing tha

t although the initiative was proposed by China, it is an international project for the public good.

While advancing the initiative, China upholds the principle of equality, openness and transparency and sticks to enter、

prise-oriented market operations as well as market laws and well-accepted international rules, Lu said.

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But despite being forced to work overtime without ge

tting due remuneration, very few employees use the Labor Law to defend their rights, because it is not easy for them to seek legal redress for their grievan

ces. For example, workers spend a lot of time and money to furnish effective proof that they were asked to work a

nd indeed worked overtime. By so doing, they could even lose their job – as employers could sack them for poor performance.

Interesti2365zuchewangcn-/ngly, Liu Qiangdong, founder and CEO of JD.com, used his WeC

hat account to say he now follows a “8116+8” schedule (8 am to 11 pm, six days a week, and 8

hours on Sunday, with only two days off a month), arder when he started his company. Had

he not followed the schedule, JD.com might not have survived the fierce competition from other internet companies.

Although Liu said he would not force his employees to work accordin

g to the “996″ schedule, he would want them to work as hard as he did during the initial years of JD.com.

It is therefore important that standards to calculate workload per da

y should be set and quantified, and supervision over the exploitation of labor made s

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government and China Communication Constru

Piraeus Port is the largest port in Greece. On Aug 10, 2016, COSCO Shipping (Hong Kong) Co Ltd, a subsidiary of China COSC

O Shipping Group, became a controlling shareholder of the port and started operating the facility.

Around 290 million euros are expected to be invested by the company for the expansion of a crui

se terminal, improvement of a ship repair wharf and a new multi-storey garage of roll-on roll-off ship wharf.

The port, as an important meeting point of the Silk Road Economic Belt and the 21st Cent

ury Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.

Under the joint operation of Chinese and Greek enterprises, the port’s infrastruct

ure conditions and operational capabilities have been greatly improved. The freight hub has become increas

ingly prominent, not only providing more jobs, but also promoting local economic development and be

coming a model of win-win cooperation under the Belt and Road Initiative.

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