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After a disappointing performance in 2018, China’s economy appears to be stabiliz
ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow
th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar
ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.
Moreover, fixed-asset investment (FAI) grew by 6.3 percent－0.2 percentage points higher than in the previous quar
ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in
frastructure (4.4 percent). The growth of investment both in real estate and infrastru
cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.
than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.