going reform measures have made its financial market increasingly appealing to overse

as investors,” the administration said on Monday in a statement on its website.

“The administration will continue to support the opening-up of financ

ial markets, meet demand from overseas investors to expand investment in the ma

rkets and attract global long-term capital to enter China’s financial markets,” it said.

Given the stable performance of the yuan and expectations of balanced capital flows, China’s fore

ign exchange reserves remained stable in April, reaching $3.095 trillion by the end of last month, co

mpared with $3.099 trillion by March, according to data released by the administration on Tuesday.

China is willing to see the accelerated development of the onshore capital market, said analysts, allowing direct fi

nancing to play a more significant role in allocating savings and investment, and better serve the economy.

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Students look for ways to apply Xi’s ideas into their academic, professional lives

The speech made by President Xi Jinping on Tuesday addressing

young people has sparked lively discussions among students and teachers.

At a gathering to commemorate the centenary of the May Fourth Movem

ent in the Great Hall of the People, Xi, who is also general secretary of the Communist Part

y of China Central Committee and chairman of the Central Military Commission, urged the country’s youth to u

phold Marxism beliefs, follow the Party’s leadership and devote themselves to the nation and the people.

Zhang Dongjie, a senior at Peking University, said Xi’s remarks made him feel that young people should combine pers

onal aspirations with national rejuvenation and devote themselves where there’s a need.

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 outcomes belong to the world, Xi said, adding that the second forum sen

ds a clear message to the world: The BRI will have a brighter future as the circle of its

supporters expands, as good partners increase and as the quality of cooperation improves.

Around 5,000 people from some 150 countries and about 90 international organizations attended the forum.

Participants hailed the BRI as a great initiative for economic cooperation, saying it is conducive t

o promoting connectivity and enhancing international cooperation in fields such as trade, investment and sustainable development.Calling Belt and Road con

struction a path to common prosperity, Xi said that early results from the BRI op

en up more space for global economic growth, build a platform for international cooperation and make new co

ntributions to the building of a community with a shared future for mankind.

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The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said.

“Altogether we have information of 207 dead from

all hospitals. According to the information as of now we have 450 injured peop

le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo.

Altogether eight explosions have ripped through the country so far, with six blasts hitting in t

he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday.

The Morning explosions occurred when hundreds of worshipe

rs gathered at churches to commemorate Easter Sunday, the police said.

Police spokesperson SP Ruwan Gunasekara said two explosions were reported fro

m St. Anthony’s Church in Kochchikade in capital Colombo and another church in Katana on the outsk

irts of the capital; a third explosion was reported from a church in Batticaloa in the east.

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such an unfriendly and offensive manner,” Wang said, adding t

hat Washington’s decision shows that the country has become an “oversensitive and

paranoid one which has a lack of confidence in dealing with diplomatic relations”.

A number of Chinese social scientists have had similar experiences when their US visas were revoked.

Zhu Feng, executive director of the China Center for Collaborat

ive Studies of the South China Sea at Nanjing University, told the Global Times news

paper in Beijing that his 10-year US visa was crossed out by FBI agents, canceling it, whe

n he was about to board a flight back to Beijing at Los Angeles International Airport in March 2018.

Zhu said the FBI first threatened to revoke his visa if he did not cooperate with their inquiry.

“‘Go back to China’,”Zhu recalled an agent telling him during that visit. “You will receive a notification.”

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China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds

at commercial bank counters to individual buyers between March 22 and early April.

The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b

onds issued by the central government as well as bank deposits with the same maturity.

Gross local bond issuances hit 1.18 trillion yuan in the first qua

rter, compared with only 219.5 billion yuan in the same period last year.

The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.

“About 60 percent of the bonds were issued for ongoing construction, especially

for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.

While debt financing continues to grow, the government is experiencing sharp declin

es in fiscal revenue growth, especially from tax and land sales, official data showed.

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Editor’s note: The “996” schedule (working from 9 am to 9 pm, six

days a week) has sparked a heated public debate, because many workers don’t get any ove

rtime pay and, worse, could end up in the “”. The “996” phenomenon is rampant in the high-tech and internet compani

es. Some internet company chiefs have added fuel to the debate by saying they want their workers to “work hard”. T

hree experts share their views on the issue with China Daily’s Yao Yuxin. Excerpts follow:

Labor Law should never be violated

Given the fierce competition in the high-tech sector industries, start-

ups have to take drastic measures to survive, let alone thrive. To develop new products, and pr

oduce and market them, companies need a great deal of resources and ski

lled manpower. Perhaps this is the reason they make their employees work overtime.

But forcing the “996” schedule on the workers is illegal. To p

rotect the rights of workers, the Labor Law stipulates that employers

should not force their workers to work more than eight hours a day, or more than 44 hours a week. If emplo

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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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f the 8th Summit of Central and Eastern European Countries & China.

At the China-CEEC economy and trade forum before the leaders meeting, Li called for strengthening trade facilitation and exp

anding two-way opening-up of markets. China is willing to expand imports of goods from CEE nations, particu

larly agricultural products that cater to the demand of Chinese consumers, he said. Trade of farm goods, machine

ry and electric devices should be further boosted and logistics sped up between the trading partners, he said.

Li said trade between China and the 16 CEE nations rose by 21 percent to a record high, de

spite a global trade slowdown. China is willing to strengthen cooperation with CEE nations in infrast

ructure based on market rules and following European Union rules and standards, he said.

Li advocated the great potential for trade and economic cooperation between China a

nd the 16 countries. China-CEEC cooperation is a helpful addition to China-EU ties, he said.

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