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Speaking of the Chinese economy, Liu said, China is
accelerating its transition from high-speed growth to high-quality develo
pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.
China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa
ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.
The minister said his country will continue to significantly relax ma
rket access, enhance the protection of intellectual property rights, and carry out larg
er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.
On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.
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China to build new FTZ in Yangtze River Deltaised in stacks at th
China is planning to build a new Free Trade Zone in the Yangtze River Delta region, China Business Network reported on Wednesday.
Deputy Director of the Shanghai Development and Reform Commission Zhu Min made t
he announcement at a press conference on promoting high-quality development on Wednesday in Shanghai.
Although Zhu didn’t reveal the exact location of the new FTZ, S
uzhou Industrial Park in East China’s Jiangsu province is expected to be the spot.
Suzhou Industrial Park said to a CBN reporter the FTZ is a national-level plan and the park hasn’t got any news yet.
Zhu emphasized the Shanghai Pilot Free Trade Zone should cooperate with other FTZs in th
e Yangtze River Delta to play a greater role in leading high-quality development in the region.
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State Council pledges more fee reductionsunrise view of
China will take measures to reduce government fees and operating service char
ges in order to further reduce burdens on businesses and individuals, it was d
ecided on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.
Starting from July 1, charges on real estate registrations will be cut or cancel
ed outright. The eligibility for fee reductions on patent applications will be broadened.
Charges on exit and entry travel documents such as pass
ports, registrations of some trademarks, and usage of various radio frequencies will be fur
ther reduced. Significant reductions in these charges are required, it was decided.
Ownership registration fees for properties such as parking spaces will be reduced from 550 yuan ($81.97) to 80 yua
n. And fees for extended use of trademarks will be reduced from 1,000 yuan to 500 yuan.
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High school graduates in China normally need to tak
o take the national college entrance examination, or gaokao, to be ad
mitted to a university. Independent enrollment was added as an alternative admission met
hod in 2003 to allow some key universities to enroll students based on subjective criteria.
Currently, 90 universities have allocated 5 percent of their enrollment slots to indepen
dent students with special talents. They admit more than 20,000 such students every year.
Tests of academic competence and interviews are usually required. Universit
ies start the independent enrollment process in March, while the gaokao takes place in June.
The gaokao is a highly competitive and stressful test, and in some provinces with large num
bers of high school graduates, a single point can separate more than 1,000 students. The exams create a lot of anxiety amo
ng students and parents, and some will do anything possible, even committing fraud, to be admitted to a better university.
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Ruan said the finished products, after the drying proce
e sold at a market price of more than 15,000 yuan per kilogram. In the markets of Hunan an
d Fujian provinces, some products are still short in supply and sell for more than 20,000 yuan per kg.
Now, the company is gradually entering markets in Beijing and the Yangtze River Delta and Pearl River Delta regions.
Besides offering considerable economic benefits without felling trees, the dendrobium industry has also accelerated poverty alleviation in Zhegui.
Poverty-stricken villagers are encouraged to work at the dendrobium base and buy shares in the company.
With an average annual income of over 30,000 yuan, a total of 1,691 residents in 445 households in Zhegui have stepped out of poverty, statistics showed.
Starting from Zhegui, dendrobium has made roots in many regions of Anlong cou
nty, with the total area of imitation wild dendrobium covering more than 340 hectares.
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Mobile payments continue meteoric risepayment deals has jump
Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua
n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.
A total of 60.53 billion mobile payment transactions were conducted last year, as a repor
t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.
From around 2013, with online payments dominant and mobile payments only nas
cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo
bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.
The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans
action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.
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No-deal Brexit happens next week and no one knows if the EU
is deep into its most crucial week since the last one.
On Thursday, Theresa May travels to Brussels to meet with the remaining 27 EU leaders, where she is expected to request an extension to Article 50, the legal
process by which Britain is leaving the EU. If the EU27 agree, as they probably will, Brexit will be delayed beyond the current deadline of March 29. Lea
ving aside the gravity of this epic failure of British Brexit policy, the key question is how long will the delay last?
There are two likely options. The first is a short delay, which Downing Street said on Wedne
sday it would request. This would give the UK government a little more time to get its Withdrawal Agr
eement through Parliament, perhaps sweetened with some changes to the accompanying political declaration.
Or, the EU could offer May a much longer extension, possibly lasting years, to give to the UK more breathing space in which to u
ntangle its Brexit mess. The EU says it would only grant a longer delay if there was a good reason for doing so.
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Measures will better protect Yangtze ecology, minister says
Ecological protection on the Yangtze River still face crucial challenges and more meas
ures will be taken for better protection of the area, said Li Ganjie, Minister of Ecology and Environment.
He said that over 160 severe ecological problems were identified in 40
-plus cities and counties in 11 provinces along the river during a four-month secret inv
estigation jointly carried out by the ministry and local authorities since last August.
This year, the ministry will continue to implement the action plan concerning the river’s prote
ction released in late January with the National Development and Reform Commission, according to Li.
“We have eight missions included with four new ones projected to start this year,” he said.
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While that struggle was raging, waste-to-energy pow
plant business owner Lee Won-jeong in 2017 bought the site from Kim, but kept him on as manager. Lee is based in Busan, in the south of the country, and claims he was unaware of the problems at the site.
Lee says that after the sale, Kim deposited more than 80 times the amount of g
arbage permitted at the site, including household waste, construction materials, and discarded polymer.
The manager of the site had a permit to dump 2,000 tons of waste, the site holds more than 80 times that now.
As the trash mountain decomposed, gas built up under the surface. In December last year, fires began to appear.
Lee says that when he learned of Kim’s misconduct he fired him. Kim has since disappeared and CNN was unable to reach him for comment.
Kwon Hyun-soo, the Uiseong county environmental supervisor, says local authorities ar
e using their own resources to tackle the trash but the flaming mountain is too big for them to resolve.
”The waste is mostly from outside of our region. It’s too much for us to take care of the issue at the local level,” says Kwon.
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During the TCT Asia trade show last week, Stratasys also
unveiled the voxel-level 3D printing solution that allows users to exercise control of their design at volumetric pixel level with access to more materials.
