The country will host over 5,000 participants from mor

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.

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The eastern area and central China region are accele

rating the push for economic upgrading, which offers strong impetus for the growth. Despite the pressure, we still can see gr

owth momentum,” Zhang said during a macroeconomic seminar earlier this month in Beijing.

“Recently, the government has introduced a series of su

pportive policies which will gradually help grow the real economy,” Zhang added.

NDRC said a further 3.24 million new urban jobs were added in t

he first quarter, with surveyed unemployment ra

te remaining at a comparatively low level of 5.2 percent in March. And consu

mer prices registered a moderate rise of 1.8 percent in the first three months of this year.

A basic equilibrium in the balance of payments was maintai

ned, and China’s foreign exchange reserves exceeded $3 trillion, Yuan added.

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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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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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A large number of Chinese cultural heritage sites are b

eing restored as well. We have no room for even the slightest error,” Song said.

Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci

ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l

ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”

Unlike the stone structures of much ancient architecture in the W

est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre

Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.

Hours after the fire in Paris, the Palace Museum in

Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme

rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.

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Lu Zhenwang, CEO of Shanghai-based Wanqing Consul

ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav

e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp

loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”

Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan

ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns

15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.

Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c

onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.

In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as

sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.

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It will continue to make operational adjustments to focus

efforts on cross-border sales in China and to keep improving the experience for bo

th Chinese customers and global selling partners.

Amazon entered China in 2004, when it bought a local online boo

kseller for $75 million. Since then, it has invested in wareh

ouses, data centers and programs to teach Chinese sellers how to get their goods to Amazon customers.

In October 2016, Amazon launched in China its Amazon Prime, the first unlimited free cross-border shipping memb

ership program that operates globally, in an attempt to lure the rising number of quality-conscious Chinese buye

rs to buy foreign products.isual China Group, which owns Chinese photo platform vcg.com, was fined 300,000 yua

n ($44,758) for flawed supervision of user content, according to a company statement late Thursday.

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In early April, the US increased military interactions

with the island by officially acknowledging that military personnel have been posted in the Taipei office of the American Institute in Taiwan since 2005.

US weapons manufacturer Raytheon was also granted a $9 million contract to upgrade Taiwan’s Patriot missile defense system.

Senior Colonel Liang Fang, a professor at PLA National Defense Universit

y, said the recent drill will test and enhance the PLA’s joint operating capabilities.

“It will increase the PLA’s ability to protect national sovereignty, and warn thos

e who are trying to undermine it to abandon their illusions,” she said. “Similar drills

will be more common in the future, with increasingly sophisticated equipment and training methods.”

Xiu Chunping, a researcher at the Chinese Academy of Social

Sciences’ Institute of Taiwan Studies, said the recent drill serves to warn the US and separati

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Customs makes its biggest tusk bustuangpu Customs Distri

China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.

It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in

dependently by customs officers, the General Administration of Customs said on Monday.

The case was solved in March after a combined operation of differ

ent customs offices lasting three months. A total of 238 custo

ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.

Twenty suspects were detained for further investigation, accor

ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.

Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.

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Hu said the administration also will promote anti-smug

ling and wildlife protection knowledge among the public, and it welcomes public supervision or reports of smuggling.

As social networks and online stores have become increasingly important tools for wildlife s

mugglers, the administration has beefed up its anti-smuggling work online this year.

Customs officials are working on cases involving another 100 tons

of endangered wildlife and wildlife products, of which about 300 kilograms are tusks and ivory products.

Last year, the administration purchased advanced screening and detection equipment to improve th

e efficiency of its anti-smuggling work, according to Wang Wei, director of the administration’s ports supervision department.

People caught entering China with endangered wildlife or wildlife

products worth less than 200,000 yuan ($29,800) face up to five years in prison. If such contr

band goods are worth more than 1 million yuan, the penalty upon conviction is a minimum of 10 years in prison.

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