Chinas futures market continues to expand in February

(Xinhua)14:07, March 07, 2021

BEIJING, March 7 (Xinhua) — Chinas futures market in February continued to report robust growth in both trading volume and turnover, industry data showed.

The futures trading volume last month stood at 441.37 million lots, with a turnover of 35.04 trillion yuan (about 5.4 trillion U.S. dollars), according to the China Futures Association.

The figures rose 45.81 percent and 50.35 percent, respectively, from the same period last year.

In the first two months, the markets trading volume totaled 1.05 billion lots, an increase of 85.26 percent year on year.

The period saw a total turnover of 81.28 trillion yuan, up 86.28 percent year on year.

Chinas heavy truck sales hit new record in February

(Xinhua)14:08, March 07, 2021

BEIJING, March 7 (Xinhua) — Chinas sales of heavy trucks reached an all-time monthly high for the 11th consecutive month in February, industry data showed.

An estimated total of 112,000 heavy trucks were sold last month, surging 198 percent year on year, according to auto industry information service provider cvworld.cn.

The figure broke the monthly record of 86,400 units set in February 2017.

In the first two months of this year, heavy truck sales increased 92 percent year on year to 295,400 units.

The annual sales of heavy trucks amounted to around 1.62 million units in 2020, surging 38 percent from 2019, reaching a record high worldwide, according to cvworld.cn.

Chinas WTO accession win-win for world FM

(Xinhua)16:02, March 07, 2021

BEIJING, March 7 (Xinhua) — China has achieved win-win results with the rest of the world over the past 20 years since its accession to the World Trade Organization (WTO), State Councilor and Foreign Minister Wang Yi said Sunday.

China blasts Trump administration for imposing new sanctions on Chinese firms

(Xinhua)09:28, January 16, 2021

BEIJING, Jan. 15 (Xinhua) — A Chinese Foreign Ministry spokesman on Friday rebuked the Trump administration for blacklisting some Chinese companies with alleged military ties, which he said has shown the world exactly what bullying is.

Spokesman Zhao Lijian told a press briefing that China firmly opposed the United States repeated sanctions against Chinese firms, adding that the move went against the trend of the times and the United States much-touted principles of market competition and international economic trade rules.

He said the U.S. move has interfered with the normal economic, trade and investment cooperation between the two countries, and undermined the confidence of foreign companies in investing and operating in the United States, which will eventually harm the interests of U.S. companies and investors.

Citing the fact that many large U.S. multinational companies are the result of military-civil fusion, Zhao said the Trump administration has once again shown the world what unilateralism, double standards and bullying are.

China will take necessary measures to resolutely safeguard the legitimate rights and interests of Chinese enterprises and resolutely support Chinese enterprises in safeguarding their rights and interests in accordance with the law, Zhao said.

Creating economic milestone with people-first approach

(Xinhua)14:59, January 19, 2021

BEIJING, Jan. 19 (Xinhua) — In the face of a pandemic unseen in the last 100 years, Chinas gross domestic product (GDP) exceeded the 100-trillion-yuan (about 15.41 trillion U.S. dollars) threshold in 2020 and is expected to be the only major economy to post positive growth, according to the National Bureau of Statistics (NBS).

The hard-earned achievement was made by the people and for the people, embodying the fundamental objective of the Communist Party of China (CPC), the worlds largest ruling political party, which is to serve the people wholeheartedly.

Following is a review of the practice and experience of the country and the Party encapsulated in the acronym PEOPLE — Peoples lives first, employment as a priority, opinions from the public heard, poverty alleviation victory, livelihoods guaranteed, and ecological progress.

PEOPLES LIVES FIRST

Since the COVID-19 outbreak, the country has put peoples lives and health first, fully demonstrating its people-centered philosophy.

The Chinese government has provided free medical treatment for COVID-19 patients without leaving even a single individual unattended, dispatched quick medical supplies and medical teams to cities hit hard by the epidemic, and ensured the supply of peoples daily necessities.

Such crucial steps to stem the spread of the virus have laid the foundation for the resumption of work and production and created conditions for the V-shaped economic rebound.

To help other countries plagued by the pandemic, China has pledged to make its vaccines a global public good and called for joint efforts to build a community of health for all.

EMPLOYMENT AS A PRIORITY

Ensuring employment was a priority of the macro-economic policy last year, said Ning Jizhe, head of the NBS. China has set no specific target for economic growth but made practical plans to ensure new urban jobs, give full play to the market entities and improve peoples livelihoods.

Chinas job market remained stable in 2020. A total of 11.86 million new urban jobs were created during the whole year, achieving 131.8 percent of the target set for the entire year, the NBS data showed.

In the next stage, China will promote employment, optimize income distribution structure and expand the middle-income group as part of efforts to boost domestic consumption, according to a tone-setting economic conference held in December last year.

OPINIONS FROM PUBLIC HEARD

The peoples right to oversight is guaranteed as the government has launched an online platform to collect peoples complaints on problems they find in local epidemic control efforts.

Starting in late January last year, press conferences were regularly held by the State Councils joint prevention and control mechanism against COVID-19 to keep the people informed on issues such as treatment of patients, the allocation of supplies, the resumption of work and production as well as the reopening of schools.

In compiling the 14th Five-Year Plan, several symposiums were held to solicit opinions and suggestions from entrepreneurs, non-CPC personages, scientists, experts in economic, education, culture, health and sports fields, as well as grassroots representatives from a broad spectrum of professions. Comments were also solicited online, and in just two weeks, over 1 million pieces of comments were collected.

POVERTY ALLEVIATION VICTORY

The remarkable achievements made on the front of poverty alleviation also epitomize the people-centered philosophy.

In 2020, all of Chinas nearly 100 million impoverished rural residents living below the current poverty line had shaken off poverty after eight years of efforts. All 832 poor counties have now been lifted out of poverty.

The country has made concerted efforts including implementing preferential tax policies, improving the use of anti-poverty funds, establishing online platforms for selling agricultural products from poverty-stricken areas, launching workshops and recruitment campaigns, and sending millions of cadres from the government to poverty-stricken areas to join the poverty eradication battle.

Because of these efforts, China is expected to achieve the poverty eradication goals set in the United Nations 2030 Agenda for Sustainable Development 10 years ahead of schedule.

LIVELIHOODS GUARANTEED

Though the epidemic has affected employment, income and peoples lives, the livelihoods of residents have been safeguarded as the country stepped up efforts to secure peoples basic livelihoods.

In 2020, Chinas per capita disposable income rose 2.1 percent to 32,189 yuan, basically keeping pace with the GDP increase, according to NBS data.

Chinas consumer price index remained stable and rose 2.5 percent year on year in 2020, staying within the governments annual target of around 3.5 percent. Official data also showed the country continued to see a generally stable housing market in December, with home prices in 70 major cities showing mild month-on-month increases.

Subsidies and supportive policies have been also offered to people with financial difficulties.

Speaking to Xinhua recently, Finance Minister Liu Kun said the government will normalize its implementation of the specified transfer payment mechanism to raise fiscal spending efficiency while tightening the belt to save money and enrich the people.

ECOLOGICAL PROGRESS

A good ecological environment is the fairest public product and the most accessible welfare for the people. In recent years, the country has accelerated efforts to develop a system for building an ecological civilization, including improvements of laws and regulations on environmental protection and the launch of action plans on the prevention of air, water and soil pollutions.

Meanwhile, more than 20 million people living under Chinas poverty line freed themselves from the clutches of destitution through ecological poverty-relief programs, according to the National Forestry and Grassland Administration.

Witnessing Chinas hard-won achievements in the extraordinary year of 2020, Tesla CEO Elon Musk has recently praised the Chinese government for being very responsive to its peoples needs and happiness.

The fundamental aim of the CPC is to serve the people heart and soul, said Kingphet Mongkhonvilay, a senior official from the Lao Peoples Revolutionary Party, adding that the CPC has clearly demonstrated its dedication to the interests of the people amid the pandemic.

Chinas Chengdu reports 3 new domestically transmitted COVID-19 cases

(Xinhua)13:37, December 08, 2020

CHENGDU, Dec. 8 (Xinhua) — Chengdu, capital of southwest Chinas Sichuan Province, reported three new domestically transmitted COVID-19 cases on Tuesday, local authorities said.

The cases were reported between midnight Monday and 6 a.m. Tuesday, according to the Chengdu municipal health commission.

One of the three cases, a 20-year-old woman surnamed Zhao, is the granddaughter of two confirmed patients reported on Monday.

The other two cases, a 71-year-old woman surnamed Li and a 68-year-old woman surnamed Zhang, lived in the same village with the two confirmed patients.

All 46 close contacts in Chengdu have been traced and placed under medical observation. The places they visited in the past 14 days have also been disinfected.

As of 6 a.m. Tuesday, swab samples of 24,598 people in the city have been collected for nucleic acid tests. A total of 468 environmental and food samples have also been collected.

Chinas Yunnan promotes transfer of labor in poverty alleviation

(Xinhua)14:32, December 08, 2020

KUNMING, Dec. 8 (Xinhua) — More than 3.18 million laborers have left southwest Chinas Yunnan province to work in other regions, a poverty-reduction move supported by the government.

A labor transfer policy was initiated in 2015 to help poor households shake off poverty by obtaining employment in other regions, Wang Yubo, acting governor of Yunnan, told a press conference Tuesday in the provincial capital of Kunming.

Wang said that considering the inconvenience caused by the COVID-19 epidemic, the province even arranged buses and charter flights to help the labor forces reach their places of employment.

Yunnan announced on Nov. 14 that the province had eradicated absolute poverty, with the remaining nine counties removed from the list of poverty-stricken counties.

China is entering an era of video socialization report

(Peoples Daily Online)10:40, December 02, 2020

Huang Wei, left, better known as Viya, sells dried persimmons during a livestreaming session in Shanxi province to help increase local farm incomes. (Photo/China Daily)

Along with the development of 5G, AI and mobile Internet technology, online videos, short videos, live-streaming and immersive experiences have been fully integrated into Chinese peoples daily lives; China has accelerated the rate of entering an era of video socialization,鈥?according to a recent report.

The report entitled Chinas Video Socialization Trend Report (2020), which was released by China Brand Development Institute of Peoples Daily on November 25, shows that with the further development of 5G, AI and mobile Internet technology, network videos, short videos, live-streaming and immersive experiences have been fully integrated into Chinese peoples daily lives, affecting the way they connect, communicate and integrate in the world.

The report points out that videos have been involved in the development of various industries in the form of factors of production, and have become a key driving force in the era of digital economy.

In the first half of 2020, there were more than 10 million live-streaming shows across the country, with more than 400,000 active live streamers, more than 50 billion views and more than 20 million commodities on the shows. E-commerce live streaming is taking practical actions to promote the new development of the real economy, said a relevant person in charge of Ali Research Institute.

The innovation and popularization of network communication technology and information transmission technology have reshaped the form of content production from the bottom up, thus infiltrating into the whole chain of content production and redefining the video industry and its boundaries, Zheng Wen, deputy dean of the School of Journalism of Fudan University, pointed out.

Videos have been widely used in education, health care, commerce and other fields; meanwhile, they have been interfaced with the industries so as to promote the industrial upgrading.

For instance, after being applied to the education field, the interaction between teachers and students and the sharing of educational resources can be realized, and after being applied to office work, the operation efficiency of enterprises can be greatly improved.

Videos can also be adopted in poverty alleviation work. On the one hand, videos help promote the investment of resources in poor areas and bridge the economic gap between urban and rural areas; on the other hand, they are able to facilitate the popularization of knowledge and help users in poor areas improve their working capacity through online courses.

New railway operational in Chinas Xinjiang

(Xinhua)13:23, December 06, 2020

The Altay-Fuyun section of the Afuzhun (Altay-Fuyun-Zhundong) railway line in northwest Chinas Xinjiang Uygur Autonomous Region began operations Sunday.

Both passenger and cargo trains will ply on the newly unveiled 148-km-long railway line, according to China Railway Urumqi Group Co., Ltd. The Fuyun-Zhundong section became operational in late 2019.

Spanning 419 km, the Afuzhun railway is connected with another railway, and together they form part of a circular railway network in the northern part of Xinjiang.

12 COVID-19 patients discharged from hospitals on Chinese mainland

(Xinhua)13:57, December 06, 2020

Twelve COVID-19 patients were discharged from hospitals after recovery across the Chinese mainland on Saturday, the National Health Commission said in a daily report Sunday.

There were 279 confirmed cases still being treated, including six in severe conditions, the report read.

As of Saturday, the Chinese mainland had reported a total of 86,619 confirmed COVID-19 cases, among whom 81,706 had been discharged from hospitals after recovery and 4,634 died of the disease.