The emerging service sector also grew very fast, Meng said. In April, the information transmission industry, along with software and inform ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services. Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in theRead More →

Asian countries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples. Compadrazgo, a Spanish word that literally translates to “co-fatherhood”, is based on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith. For the predominantly Catholic and close-knit Philippine society, t he godfatherRead More →

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American Soybean Association President Davie Stephens said on Tuesday. President Donald Trump threatened in a tweet on Sunday to increase tariffs. Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices and unsold stocks forecast to double before the 2019 harvestRead More →

 its urbanization process. Lastly, it plans to have development of urban and rural areas fully integrated by the middle of the century. Under the plan, China will relax restrictions on new migrants to urban areas, excluding some mega cities. hen Liuqin, founder and director-general of Beijing-based Qin Dian Think Tank,Read More →

Chinese President Xi Jinping congratulated Thai King Maha Vajiralongkorn on being crowned officially on Saturday. On behalf of the Chinese government and people, and in his own name, Xi express ed in a message sincere congratulations and good wishes to the king and the Thai people. The king is anRead More →

 tertiary sector, which is mainly services, grew from 56.7 to 57.3 percent of GDP from the same period last year. The Index of Services Production increased 7.4 percent year-on-year, higher than the growth rate of overall GDP. Overall retail sales of consumer goods also grew at 8.3 percent. Sales ofRead More →

China’s economy grew better than expected in the first quarter and market confidence was raised in an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday. During the meeting of the Political Bureau of the Communist Party of China Central Committee, membersRead More →