A slew of new policies aimed at encouraging consumption
in key sectors will be unveiled soon, China Securities Journal reported.
rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M
arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe
rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.
In recent years, the government has, on the one hand, frequently intro
duced policies to promote opening-up, increase import and improve consumer welfare. On
the other hand, it has reduced and scrapped import tariffs on some consumer goo
ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm
unication said, adding that consumption still is the key driver for economic growth.
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.
rm has been in operation since Feb 4, 2018.
It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.
The $150 million project, financed and constructed by China State Power Investment Corpo
ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri
city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.
Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f
ull production capacity with its three production lines, each of which has a capacity of 5.5 milli
on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.
The project is the world’s largest of its kind within the Arctic Circle and is also the first m
ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.
It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N
ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).