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ral rights of a sovereign state, and a necessary measure to counter those provocative actions.”
Mutual trust also is growing between China and countries in the region due to joint effo
rts. The overall situation in the South China Sea is stable and becoming better, Shao said.
“Countries from the region have the will, wisdom and capability to manage differences and jointly
promote peace, thus transforming the area into a sea of peace, friendship and cooperation,” he said.
On the Korean Peninsula question, China insists on denuclearizing the penin
sula, and solving issues through dialogue and consultation, Shao said.
“China has consistently, seriously, fully and rigorously implemented
the United Nation’s resolutions regarding the peninsula,” he said. “China also is willing to
work with various parties to promote the denuclearization of the peninsula via political solutions.”
The development of national economic and technological development zones should stick to innov
ation and opening-up, prioritize high-quality output, and remain market-oriented, the circular said.
A slew of approaches will be taken to beef up the open econom
y quality of the development zones, including diversifying ways of utilizing foreign inves
tment and introducing multinational enterprises’ regional headquarters, research and development cent
ers, and finance departments. Improving the quality of foreign trades and supporting qualified development zone
s to establish comprehensive bonded areas also are among the plans.ent zones, in a bid to boost their international co
mpetitiUS electric car maker Tesla Inc priced its China-made Model 3 vehicles from 328,000 yuan ($47,529) on Friday, acco
rding to a report from wallstreetcn.com. The first pre-order for Tesla Model 3 was completed in just three min
utes after registration started on Friday morning, according to the official Sina Weibo accoun
icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio
s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so
urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.
But these obstacles are not insurmountable. For one th
ing, developing countries now have huge potential export markets in middle-inc
ome countries, and no longer depend entirely on advanced economies for access to global markets.
There is also a renewed awareness of the importance of infrastructure in e
nabling growth. In addition to roads, railways and ports, electricity and digital conn
ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install
ation of high-capacity undersea broadband pipes around Africa, represents major prog
roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on
e from University of Science and Technology of China, have started research on the site, Zheng noted.
The site will “offer research teams with observation equipmen
t, support for outdoor observation and data sharing services”, he said.
Wu Zhongliang, director of the administra
tion’s Institute of Earthquake Forecasting, said the experimental site will help for
m a “united front” at the national and international level to work on earthquake forecasting.
Referring to earthquake forecasting as a hard nut to crack, Wu said the work can
not see marked progress just in a few days, but forecasting capability will be improved a
s technology develops. “If it’s a war between humans and earthquakes, it’s us that will finally win,” he said
China’s consumer price index (CPI), the main gauge of inflation, gr
ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.
The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru
ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.
NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros
e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.
Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.
Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose
0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.