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nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
After a disappointing performance in 2018, China’s economy appears to be stabiliz
ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow
th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar
ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.
Moreover, fixed-asset investment (FAI) grew by 6.3 percent－0.2 percentage points higher than in the previous quar
ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in
frastructure (4.4 percent). The growth of investment both in real estate and infrastru
cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.
breed 100 chain enterprises, and create 1,000 service outlets for residents this year, according to the project list.
Moreover, construction of the Beijing Daxing International Airport, subway lines 3, 12 a
nd 16 and interurban railways connecting Beijing and the Xiong’an New Area are also underway.
The ongoing national laboratory of cyberspace, Beijing Institute of Quantum Information Science, Science City in No
rtheast Beijing’s Huairou district will pull the city into the fast lane in science and technology.
“Investment contributes around 30 percent to the city’s eco
nomic development,” the director said, adding social capital, or capital raised by society rat
her than the government, has taken up over 90 percent of last year’s 334.6 billion construction investment.
“Social capital is welcomed at key projects investment t
his year as well, aimed at taking up at least 50 percent of projects and 70 percent of investment,” Tan said.
hina’s credit growth surged unexpectedly to a record pace in January, strengthening production in the real econo
my and easing overall downward pressure, People’s Bank of China, the country’s central bank, said on Friday.
Bank lending in domestic currency increased by 3.23 trillion yuan ($476.8 billion) last month, the fastest single-month growth
since the figure was first tracked in 1992. It increased by 2.9 trillion yuan in January 2018, the bank said.
Total social financing, a broader measure comprising all money the real economy receives from the fi
nancial sector, including off-balance-sheet financing activities, rose by 4.64 trillion yuan in Ja
nuary, which was also the fastest monthly growth ever, according to the central bank.
The month’s rapid credit growth was a result of a series of precauti
onary measures to ease the negative effects of slowing domestic demand and external h
eadwinds, according to Sun Guofeng, head of the bank’s monetary policy department, at a news conference.