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China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).
The document, prepared by the office of the leading group for promoting the BRI, was released ahead
of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.
The Belt and Road Initiative is an initiative for peaceful
development and economic cooperation, rather than a geopolitical or military alliance, said the rep
ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”
“It neither differentiates between countries by ideology nor plays the zero-sum
game. Countries are welcome to join the initiative if they so will,” according to the report.
The BRI has turned ideas into actions and vision into reality, and i
tself into a public product widely welcomed by the international community, the report said.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
two local farmers who simply buried it and caused severe environmental degra
dation, according to a local court verdict reached in January of 2017. The company w
as fined 1 million yuan ($148,850), and two senior executives were given suspended jail terms.
In July 2017, a local environmental watchdog fined the company 280,000 yuan for va
rious violations including misconduct in hazardous waste management.
Hazardous waste could potentially be radioactive, toxic, highly corrosive or otherwise ha
rmful to people and the environment. Therefore, these materials require special treatment.
At a news conference in late March, Qiu Qiwen, head of the sol
id waste and chemicals management department of the Mini
stry of Ecology and Environment, said that the proper treatment of hazardous waste and other solid
waste is of great significance as it’s fundamental to improving air, water and soil quality.
Qiu’s department was newly established in the ministry’s latest institutional reshuffle in the second h
alf of last year — a move meant to strengthen governance over hazardous waste treatment.