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Fortunately, a growing number of Chinese high net wort

th investors have started to realize the importance of not putting all their eggs in one basket, said Zi Yu an, head of investment platforms and solutions at UBS Securities. One solution is to hold dif ferent currencies to avoid the possible risk of the exchange rate fluctuation of one single currency. “They are looking

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President’s Russia visit eyes global stabilitys talks with his

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia, which is important to maintain the stability of the international community amid rising uncertainties, analysts said. Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg International Economic Forum, Foreign Ministry spokesman

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Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”. Huawei said it procured around $70 billion worth of components and services from i ts 13,000 suppliers

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Xi calls for co-existence of various civilizationselivered a key

President Xi Jinping delivered a keynote speech at the opening of the Conference on Dialogue of Asia n Civilizations. With the theme of “Exchanges and mutual learning among Asian civilizations and a com munity with a shared future,” the conference aims to deepen cooperation among Asian countries. Here are the highlights: Humanity needs cultural strength

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Govt should accelerate tax cuts to invigorate economy, pre

Premier Li Keqiang urged government departments to speed up the implement ation of tax reductions to invigorate the country’s economy, amid rising uncertainties about growth on Friday. Li was speaking with entrepreneurs from the manufacturing, constructio n and service sectors at the Zhongnanhai leadership compound in Beijing. The businesspeople said they have received benefits from

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hina deeply disappointed by US tariff planpointm

hina voiced deep disappointment late on Wednesday about Washington’s plan to raise tariffs on Chinese imports on Fr iday, saying that it will take necessary counter-measures if the US tariffs increase takes effect. The planned tariffs increase on $200 billion worth of Chinese imports from 10 percent to 25 percent was filed by the Office

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Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl us, value-added index of transport, storage and post increased by 7.3 percent. A closer look at the highest growth sectors shows that the economy is

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BRI winning hearts and minds in Azerbaijanative to

“The Belt and Road Initiative proposed by President Xi Jinping in 2013 has touc hed the hearts of the Azerbaijani people, as the restoration of the ancient Silk Road i s for the benefit of the entire world, and the development and prosperity of all countries,” Hajiyev said. “The Belt and Road Initiative is not

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He called on both countries to fully carry out consen

nsuses that have been reached to make new progr ess in their all-around partnership of friendship and cooperation. China is willing to import more high-value-added Belgian produ cts that cater to demand in the Chinese market, and Bel gium is welcome to participate in the second China International Import Expo this year, Li said. In

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to ease permanent residency requirements in large cities

China said Monday it will ease the requirements for permanent residency in many large cities as part of its new urbanization push. Restrictions on permanent residence permits should be scrapped in cities with populations betw een 1 million and 3 million, according to a document outlining key urbanization tasks this year release d by the

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