The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

qiancengdian.cn

More nurses sought to treat elderly population

Health authorities will redouble their efforts to train nurses in eldercare as the

proportion of older people in the popula

tion expands and tens of millions of

people struggle with disabilities, a senior health official said on Wednesday.

Jiao Yahui, deputy chief of medical administration and supervision at the Nation

al Health Commission, said there are not

enough nurses to cope with the growing needs of the country’s elderly.

A regulation on the training of healthcare workers and standards of service is being drafted.

It is expected to boost the number of nurse’s aides, Jiao said ahead of

International Nurses Day on Sunday.

The nurse’s aides will complement the work of full-fledged nurses to meet the demand for services for the elderly, she said.

www.ypqsr.cn

In the 1980s, the share of the US in the world econ

omy was more than 20 percent; in the past four decades, it has steadily

declined to 15 percent. At the same time, China’s share (in purchasing powe

r parity terms) has soared from 5 percent to about 20 percent. While the PPP indicators inflate the

pace of progress, the trend lines do herald a coming structural shift in the world economy.

China can foster the share of developing nations

In the future, the well-being of the advanced economies will de

pend on the rising living standards in less-wealthy nati

ons. And just as US leadership supported the role of the advanced countries in the 20th century world, Ch

ina has the potential to foster the share of emerging and developing countries in the 21st century.

In particular, the China-proposed Belt and Road Initiative can redirect domestic overcapacity and ca

pital for regional infrastructure development to improve trade and relations with Southeast and So

uth Asia, Central Asia, the Middle East and Europe-even across the Americas and Sub-Saharan Africa.

zaddw.cn

McGuinness identified a great number of opportuni

ties brought by the BRI, which by some estimates could be worth 1.8 billion pounds ($2.33 billion) annually to the British economy.

As a financial hub for international infrastructure investmen

t, British firms and international companies based in the UK stand ready to provide many of the ser

vices required along the Belt and Road, especially as it becomes more of a shared venture, she said.

They can also provide private financing required by the project and support thro

ugh green finance, consultancy, rule of law and foreign exchange, McGuinness added.

Seventy years after the founding of the People’s Republic of China, ties between China and UK h

ave gone from strength to strength, with bilateral trade now worth nearly 70 billion pounds, McGuinness said.

“I look forward to celebrating this long, fruitful relationship with our Chinese counterp

arts, and to marking the next chapter of our partnership in the Belt and Road,” she added.

www.cdzszyg.cn

Facts and figures: Belt and Road Initiativetive, proposed

The Belt and Road Initiative, proposed by China in 2013, aims at building a

trade and infrastructure network connecting Asia with Europe and Africa along the an

cient trade routes of the Silk Road to seek common development and prosperity.

Let’s take a look at some key figures about the initiative.

A new remake of Peking Opera classic Farewell My C

oncubine is expected to premiere for opera lovers in Beijing in late May.

A representative opera piece of the late Chinese theater

mogul Mei Lanfang, Farewell My Concubine tells a love

story based on the legend of Xiang Yu – the warlord of the ancient Chu Kingdom – an

d his beloved consort Yu. Xiang lost a battle for the throne, and Yu committed suicide with his sword.

shlfat.com

Chinese people are deeply sad about the fire, just as th

He said he believes that with the efforts of the French people and supp

ort from the international community, Notre Dame will be repaired and regain its glory.

The fire broke out around 6:30 pm on the roof of the cathedral, which was covered in scaffoldi

ng. The blaze spread quickly and destroyed the wooden interior before causing the spire to collapse.

It took more than 400 firefighters over 12 ho

urs to put out the fire, and the main structure and two bell towers remained standing.

The cause of the fire is still unknown, though officials said it could be linked to renovation work. Investigators were eag

er to question the workmen in an effort to determine the cause of the fire, according to media reports.

Visiting the scene of the fire in Paris, Macron vowed an immediat

e fundraising effort to rebuild the landmark, calling for international contributions.

www.zaojiaowg.com

“Essentially, it depends on the growth of money sup

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.

gjrcpx.org

The plan calls for integration of AI with mathematics, st

, statistics, physics, biology, psychology and sociology, among other disci

plines. It promotes the “AI + X” interdisciplinary approa

ch in universities and aims to set up 100 majors that combine AI and other subjects by 2020.

Many Chinese universities have set their sights on improving AI education and nurturin

g more AI talent and have established new AI departments and research institutes.

Tsinghua University established an AI institute in 2018 as p

art of its efforts to advance AI research and education.

Aiming to become a globally influential AI research institution, the institute focuses on the basic theory of AI and activ

ely promotes cross-disciplinary AI research as well as the integration of academia and industry.

www.roseway2013.org

Chinese Bridge Chinese proficiency contest in Univers

Some of the winners will represent Latvia in the 2019 Chinese Bridge competition for universities

and middle school students in China where they will compete with Chinese language learners from all over the world.

Latvia has made remarkable progress in teaching and learning Chinese in recent years, with the succes

sful 16th Chinese Bridge competition taking the promotion of the Chinese language and culture to an even highe

r level in Latvia and strengthening cultural ties between the two countries even more.

The 16th “Chinese Bridge”, was organized by Confucius Institute at the

University of Latvia in cooperation with various education institutions in Latvia.

China’s last female Yangtze giant softshell turtle (Rafetus swinhoei) died on Saturday after an a

rtificial insemination at the Suzhou Zoo in East China’s Jiangsu province. Now, only three remain in the world.

An international research team carried out the fifth artificial insemination for the female turtle on Fri

day, but the animal did not recover from the procedure, even though researchers spent hours trying to save its life.

The dead female turtle is believed to be over 90 years old; Suzhou Zoo’s male turtle is over 100 years old.

lunran.cn

Former Democratic Party lawmaker Lee Wing-tat was

 convicted of incitement to commit public nuisance.

Judge Johnny Chan Jong-herng handed down the verdicts. The court will h

ear defendants’ petition in the afternoon. The date for sentencing has not yet been revealed.

According to the Crimes Ordinance and the Criminal Procedure Ordinance, each charge carries up to seven years’ imprisonment.

The illegal Occupy protests saw massive sit-ins on Tim Mei Avenue and Fenwick Pier Street – major thoroughfares linking Wan Cha

i and Central – between Sept 28 and Dec 11 of 2014. It put the city in a standstill for 79 days.

China will lower the tax rates on a range of goods brought or mailed b

y individuals into the country, including food, medicines, textiles and information technol

ogy products, the Customs Tariff Commission of the State Council announced Monday.

Starting Tuesday, the tax rate on inbound articles included on the No 1 taxable

item list, which includes books, computers, food, furniture and medicines, will be reduc

ed to 13 percent from the previous 15 percent, the commission said in an online statement.

Some medicines that are currently subject to a 3-percent import value-added tax r

ate, including anti-cancer drugs and medicines for rare diseases, will enjoy favorable tax rate.

youhuileyuan.cn