Trenton

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 moving toward the long-term goal of shif

ting away from a development strategy based on heavy investment in industry and

infrastructure to one based on services and domestic consumption. Also, more productive industries that tur

n out higher-value added goods are growing at a much faster rate than traditional heavy industry.

Among large companies, State-owned enterprises grew 4.5 percent yea

r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro

ng progress is being made toward the goal of promoting private enterprise, which was re

inforced by many policies announced at last month’s meeting of the National People’s Congress.

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Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

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Before the drug was available on the Chinese mai

nland, there was little effective therapy for the disease, and patients depended mainly on treat

ment such as respiratory and nutrition supports, said Xiong Hui, Beijing Medical Association rare disease c

ommittee member and Peking University First Hospital deputy director of pediatrics.

Spinraza debuted on the Chinese mainland having been fast-tracked through the marke

t approval process for rare disease drugs, which, available overseas since July, are urgently needed in China.

The drug began the approval process in September and was issued a license in February.

Premier Li Keqiang said in February that the government will step up efforts to gua

rantee more than 20 million rare disease patients have access to required medication.

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Medical experts said bills for patients requiring 29

of the 55 rare disease medicines available on the Chinese mainland

have been partly or fully covered by the country’s medical insurance system.

The average medical bill for rare disease patients is 200,000 yuan ($

29,700) a year and more than 40 percent of patients have received no medical tre

atment due to the high prices, according to Li Linkang, China Alliance of Rate Diseases executive director.

Biogen, the United Sates-based pharmaceutical compa

ny that developed the drug, said that it is talking to the C

hinese government, the medical and patient communities, and charitable orga

nizations in a bid to establish a co-payment system to make the drug available to more patients.

ax142.cn

The annual report estimates that total electricity cons

umption in 2019 is expected to grow 5.8 percent. Demand for coal is expected to hit 3.95 billion

tons, with the power sector still playing a significant role in the consumption of coal.

Consumption of oil is predicted to reach 620 million tons, up 1.6 percent year-on-year, while

the growth rate for natural gas consumption is expected to slow, with an annual consumption of 310 billi

on cubic meters in 2019, up 10.4 percent year-on-year, it said.The 2019 Beijing International Horticultural Ex

hibition (Expo 2019 Beijing) opens to visitors Monday, and will showcase a wide variety of flowers, fruits, vegetables and

herbs from across the world, including more than 300 rare and endangered plant species.

Nearly 20,000 volunteers across media, translation and giving directio

ns will work at the 162-day event, running April 29 – Oct 7. Click to watch their greetings in s

even languages: Chinese, English, Russian, French, German, Spanish and Japanese.

ax147.cn

Relevant government departments have begun inves

igations into the source of the vaccines to find out whether they were fake vaccines or smuggled in from overseas.

The HPV 9-valent vaccine, only officially available at Boao Super Hospital in the Boao Lech

eng International Medical Tourism Pilot Zone in Hainan since May last year, was developed for women bet

ween the ages of 16 and 26 to deal with diseases like cervical cancer caused by nine types of HPV.

The Boao pilot zone is the first place on the Chinese mainlan

d allowed to import HPV 9-valent vaccines and other drugs without ne

eding central government permission, in line with the nine preferential polices granted to it by the Stat

e in 2013, such as special permissions in importing medical technology, medical equipment and medicine.

ax132.cn

hinese prize for quantum research announced

A total of 12 million yuan ($1.78 million) of cash will be granted to 12 international scientists for their

groundbreaking academic contributions to the fields of quantum computation and quantum com

munications, according to a press release by the newly founded Micius Quantum Foundation on Friday.

With a combined donation of 100 million yuan from Chinese entrepreneurs, the foundation based in Hefei, East China’s Anhu

i province, will give each of the six annual laureates one million yuan. The foundation, a non-profit organization, ai

ms to promote development of quantum information science and technology.

The Micius Quantum Prize’s 2018 and 2019 laureates were announ

ced at the same time, as selection of first-year nominees took longer than expected, said Luo

Yi, president of the foundation and a scientist from the University of Science and Technology of China, based in Hefei.

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They maintained that Belt and Road construction wi

l make positive contributions in implementing the 2030 Agenda for Sustainable Development of the United Nations.

The leaders also pledged to pursue trade and investment liberalization

and facilitation, reject protectionism and unilateralism and uphold the rule-based mul

tilateral system with the World Trade Organization at the center, according to the communique.

Xi told reporters that the consensus reached by the leaders has set the right course for the development of the BRI.

Our shared goal is that we work together to make the interconnectivity among various countries more efficient, foster mo

re robust economic growth, develop even closer international cooperation and enable people to live a better life, he said.

Xi also said BRI cooperation projects will be market-based. To ensure s

ustainable development, the leaders agreed to promote a level playing field for business com

munities and create a nondiscriminatory business environment, he said.

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Xi stressed the importance of fulfilling bilateral and

 multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold.

China pays close attention to building a law-based government, abolishing improper r

ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said.

The president highlighted building infrastructure of high quality, sustain

ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative.

Infrastructure is a bottleneck in the development of many nations

, Xi said, and building infrastructure can help countries give full play to their ad

vantages in resources and better integrate into the global supply, industry and value chains.

Xi called on countries to uphold multilateralism, promote green devel

opment and fight corruption with zero tolerance in the process of building the Belt and Road.

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Also, the UNOOSA just signed a framework agreeme

 with China, allowing UN member states to participate in its scientific missions for the exploration of the solar system. It will bri

ng scientists from all over the world to work together, which will bring a lot of innovation,” she added.

The meteorological satellite jointly designed and constructed by

Chinese and French scientists has already started to send back data on the wind and ocean wave

s after it was sent to orbit by a Chinese rocket in October. The data can help scientists learn more about climate chan

ge, said Lionel Suchet, chief operating officer of the National Centre for Space Studies of France.

“In 2021, France and China plan to jointly launch an astronomical satellite to help the world deepen

its understanding on the gravitational wave,” Suchet said. “Space is our future, we need to step into it together.”

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