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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.
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.
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.
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.
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