Manufacturing remains in expansion territoryoducts at

The growth of manufacturing activity in China eased in April but remained within expansion territory, adding to the confidence that the country’s economy is stabilizing.

The purchasing managers index for the country’s manufacturing sector came in at 50.1 in A

pril, slightly down from 50.5 in March, the National Bureau of Statistics said on Tuesday.

A reading above 50 indicates expansion, while one below it reflects contraction.

Senior NBS official Zhao Qinghe said in a statement that factory activity continued a steady ex

pansion in April, with the subindexes for production and for new orders standing respectively at 52.1 and 51.4. T

he readings are slightly lower than those in March, but they are higher than the average performance of the first quarter.

“Market demand is driving a stable growth in production,” Zhao said, adding strong growth in e

merging industries, such as high-tech and equipment manufacturing, also contributed to the steady performance.

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President hails Nepal’s participation in BRIing holds a w

China and Nepal should strengthen cooperation on infrastr

ucture construction and continue to promote the construction of the China-Nepal c

ross-border economic cooperation zone, President Xi Jinping said in Beijing on Monday.

Xi made the remark during his meeting with his Nepali counterpart, Bidhya Devi Bhandari, who is on a nine-day state visit to China.

China greatly values its ties with Nepal, and supports Nepal in maintaining its national independence, state sovereignty and te

rritorial integrity as well as exploring a path of development that suits its national conditions, Xi said.

Also, China appreciates Nepal’s firm and long-standing support over issues related to China’s core inte

rests and major concerns and its active participation in jointly building the Belt and Road, Xi s

aid. He added that China will continue to support Nepal’s economic and social development.

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ut a careful survey by James Laurenceson, of the Austr

alia-China Relations Institute at the University of Technology Sydney, of media stori

es on the subject showed that, with about 130,000 Chinese students in Australia, there were a mere four incid

ents. And in not a single case was freedom of expression compromised or classroom discussion stifled.

Anti-China media stories focus on large campaign donatio

ns to Australian political parties by Chinese businessman Huan

g Xiangmo. But of the 300 companies in the Australia-China Chamber of Commerce, none donates to po

litical parties, and this includes investors in mining, banking, food and aviation ind

ustries. In fact, there is no pattern of donations from China swamping political parties.

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After 9/11, the US surveillance became more intensif

fied. Shortly after the attack, the US government introduced the Patriot Act, the Accuracy Act and

the Foreign Intelligence Surveillance Act, which formed a comprehensive intelligence surv

eillance network. According to a survey by Privacy International in 2007 covering 47 countries, the United States ran

ked first in the monitoring index. But the United States didn’t stop there. In 2013, Edward Snowden, a technical an

alyst at the Central Intelligence Agency (CIA), exposed the Prism program. In this seven-year top-secret electronic sur

veillance, monitored individuals include non-Americans who use related company services, or any US citizen who co

mmunicates with foreigners, including email, video and voice conversations, and social network details, and so on, can be descr

ibed as large-scale indiscriminate monitoring. Surveillance states were finally formed.

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Provincial growth tops expectationsroducts at a mach

Figures show faster Q1 development, signaling a healthy start for industries

Most provinces in China achieved faster-than-expected growth in the first quarter of 2019, reflect

ing the resilience of the country’s sprawling industrial economy, the country’s top industry regulator said on Tuesday.

Huang Libin, a spokesman for the Ministry of Industry and Information Technology, said at a news conference that 22 p

rovinces’ industrial growth rates from January to March were higher than their targets for the whole year and driven

partly by central and local governments’ favorable policies to accelerate supply-side reform.

Industrial output in Zhejiang province grew 8.9 percent year-on-yea

r in the first quarter, compared with the 7.3 percent it recorded for all of 2018 and faster

than its 2019 target, Huang said, without specifying the province’s growth goal.

“We are in the critical stage of industrial upgrading and seeking high-quality development. The upb

eat readings will continue boosting market expectations and confidence,” he added.

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Economic structure was further improved during the sa

me period. The value-added high-tech sector’s out

put rose by 7.8 percent, higher than the country’s value-added industrial output.

In the first quarter, the NDRC approved 50 fixed asset investment projects, mainly in th

e fields of energy, transportation and high-tech. The total investment hit 370.3 billion yuan ($55.3 billion).

The NDRC reportedly is considering a slew of new measure to boost spending on automob

iles, home appliances and consumer electronics products. People close to the NDRC said it has sent a draft plan to

encourage consumption in the three sectors, according to a report in the National Business Daily.

The news caused shares of home appliance companies traded in Shanghai and Shenzhen to increase

by 1.47 percent on Thursday, according to Shanghai-based information provider Wind Info.

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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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JD Logistics responds to criticism over courier pay cuts

JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD

.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i

n response to arguments on the company’s salary adjustments in an internal email sent on Monday.

JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut

ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.

If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.

The main reasons for the loss are few external delivery orders and high internal costs, Liu said.

The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco

me growth; the other, reduce staff members’ well-being to the level of other express companies.

Reducing fund ratios to average levels and canceling the basic salary a

ims to encourage couriers to get more external delivery orders and increase revenue.

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China, CEECs agree on more connectivity cooperation

Croatia, April 13 — China and the Central and Eastern European Count

ries (CEECs) on Friday agreed to enhance connectivity to achieve more development.

The agreement was part of the Dubrovnik Guidelines for Cooperation between China and t

he CEECs, which was released after the eighth China-CEEC leaders’ meeting in the Croatian city of Dubrovnik.

According to the guidelines, China and the CEECs are willing to pro

mote railway projects cooperation in line with respective laws and regulations and through

consultations, in particular by strengthening exchanges and cooperation on railway planning, railway organiza

tion development, management, technology development, logistics and freight terminal construction.

China and the CEECs will jointly explore utilization and construction of logistics hubs, said the guidelines, adding that China is

welcome to participate in joint development of new freight lines in connecting markets in Asia and Europe, u

nder the understanding that it respects the principles of transparency and non-discrimination.

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Growth resilience may surprise on the upside in more

 aspects,” he said, adding that besides a growth rate withi

n a reasonable range, the economy is likely to register accelerated prog

ress toward higher-quality development this year amid a new round of reform and opening-up.

“Structural opportunities (in the capital market) may con

tinuously emerge from the development of the new economy and mass co

nsumption upgrades, fueling the long-term inflow of international capital,” he said.

IMF Managing Director Christine Lagarde sai

in a recent interview with China Central Television that China’s economic d

evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.

“And China’s development is clearly at the stage whe

re it can afford and should afford to do that,” Lagarde said.

Over the past year, amid the escalation of US-China trade tensions, credit tighten

ing took place in China, macroeconomic stress was seen in Argentina a

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