On the total length in planning, Beijing, Shanghai and

Guangzhou all w阿拉爱上海女神会所ill build subways covering more than 1,000 k

ilometers, and Shenzhen, Wuhan and Chengdu plan to reach 800 kilometers.

However, the financial situation in operating these urban rail networks was not satisfactory. While

over 600 billion yuan ($86.69 billion) invested into the sector in more than 30 cities last year, o

nly a few cities managed to break even, according to the 21st Century Business Herald.

Data from 28 cities showed that the ratio of revenue and expenditure stood at 78 percent in

2018 after increasing 8 percentage points from the previous year. Only four cities — Hangzhou, Qin

gdao, Shenzhen and Beijing — achieved balance last year, and the rest of 24 cities operated at loss.

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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu

an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif

ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency.

“They are looking at more overseas markets. Different markets sometimes are litt

le connected. For example, the Chinese stock market was really disheartening last year. But if an investor all

ocated his assets in the US stock market or other markets with high yield bonds, the loss in the Chinese stock m

arket will be offset and the stability of the entire investment portfolio will be further consolidated,” he said.

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hina’s revised civil servant law takes effect

China’s civil servant law, newly revised in December 2018, took effect Saturday.

The revised law clarifies systems of civil servant promotion and asses

sment, and includes statutes to improve rewards and benefits such as pension schemes.

It also tightens supervision over civil servants, keeping its statutes in

line with the supervision law and disciplinary rules of the Communist Party of China.

The revised law bans civil servants from working as leaders of industry regulators or administrati

ve departments in charge of supervising businesses run by their spouses, children or in-laws.

The civil servant law first took effect in 2006.

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Belt, Road high on China-Niger agendaming ceremoident

China and Niger should enhance Belt and Road cooperation and implemen

t major projects in areas such as infrastructure, energy and agriculture, President Xi Jinp

ing said on Tuesday. Xi made the remark while meeting with Niger’s President Mahamadou Issoufou at the Gre

at Hall of the People in Beijing. Issoufou is paying a state visit to China from Sunday to Thursday.

Witnessed by the two leaders, China and Niger signed a number of cooperation documents after their talks. Xi appre

ciated Issoufou’s efforts in promoting the China-Niger and China-Africa friendship over the past few years. Not

ing that China and Niger are good friends, partners and brothers, Xi said that the two countries have enhanced mu

tual political trust and have achieved fruitful outcomes in practical cooperation in several areas.

China would like to work with Niger to jointly implement the outcomes of the Beijing Summit of the Forum on China-Afri

ca Cooperation, strengthen strategic cooperation and bring more benefits to the people of both countries.

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President stresses AI’s role in growthows the venue of Intellig

hina attaches great importance to innovative development, and it

considers new generation artificial intelligence as the driving force for scientific and technolo

gical development, industrial optimization and upgrading as well as major productivity improvements while it s

trives to achieve high-quality development, President Xi Jinping said on Thursday.

Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin.

The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl

obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con

sensus and step up cooperation to promote the healthy development of new-generation AI.

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countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt

and Road Initiative will work together to enhance scientific and technological coop

eration in disaster prevention and mitigation, according to a joint declaration.

The collaboration aims to make areas along the initiative safer, more sustainable a

nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r

oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reduct

ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic

huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

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He underlined the importance of properly mitigating

various social conflicts, and said efforts must be made to address legitimate and lawful concerns to safeguard public int

erests, and also guide the public in voicing their concerns in a law-based manner to maintain social order.

Strong pressure must be maintained to crack down on crimes such as organized gang activity, violent and terroristic cri

mes, as well as those related to fraud, robbery, food and drug safety, and environmental protection, Xi said.

Calling social fairness and justice a lifeline for judicial and law enforcement work, Xi called for improving the mec

hanism of the use of power in law enforcement as well as the supervision over such powers.

Efforts should be made to help the public feel fairness and justice in every case, Xi said.

He also urged public security staff to improve their work so that human rights can be guarant

eed while crime is fought, and fairness can be ensured while efficiency of law enforcement is pursued.

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China’s determination to expand opening-up and the ong

going reform measures have made its financial market increasingly appealing to overse

as investors,” the administration said on Monday in a statement on its website.

“The administration will continue to support the opening-up of financ

ial markets, meet demand from overseas investors to expand investment in the ma

rkets and attract global long-term capital to enter China’s financial markets,” it said.

Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore

ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co

mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.

China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi

nancing to play a more significant role in allocating savings and investment, and better serve the economy.

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teps aimed at helping further develop countryside opt

hina will undertake key measures to further integrate the country’s rural and urban areas

and encourage the transfer and free flow of people and resources throughout the nation.

Measures include relaxing hukou (household registration) barri

ers, reforming zoning regulations for rural and residential land, marketing collective land

in rural areas for development purposes and increasing infrastructure spending in the countryside.

Experts said the new plan, announced by the Communist Party of China Ce

ntral Committee and the State Council late on Sunday, is aimed at helping realize steady progr

ess in rural revitalization, driving up the process of urbanization and further boosting the economy.

China has a three-step plan. First, it will initially build a framework an

d mechanism for integrated development of urban and rural areas, and gradually rem

ove limits on hukou registration in cities by 2022. Second, it will bring about an improved framewo

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hina will provide proposals for World Trade Organ

ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre

ngthen the WTO and jointly maintain free trade and the multilateral trade system, he said.a

Beijing International Horticultural Exhibition welcomed its first tourist peak by serv

ing more than 320,000 tourists during the four-day May Day holiday, the organizer said Saturday.

Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte

rnational Pavilion, the Life Experience Pavilion, the Botany Pavilion and the Gui

Some 132 activities, including float parades, world ethnic and folk cultural perform

ances, and culture and art carnivals staged by central and eastern European countries, were held during the holiday.

With the theme of “Live Green, Live Better,” the expo opened to the public on M

onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.

rui Theater were among the most popular destinations, which h

ave received a total of over 734,000 visitors during the holiday.

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