Fiscal spending can directly influence fixed-asset inves

tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.

In the meantime, allowing retail access to local government bonds will help diversify the

investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.

The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.

hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua

rter, according to data released by the National Bureau of Statistics on Wednesday.

The growth was unchanged from that registered in the fourth quarter of last year.

The country’s industrial output posted steady growth in the same period, up by 6.5 percent

year-on-year, compared with 5.7 percent in the previous quarter, official data showed.

Fixed-asset investment growth was 6.3 percent in the first quarte

r, compared with 6.1 percent in the first two months, according to the NBS.

Retail sales increased by 8.3 percent year-on-year in the same pe

riod, compared with 8.2 percent in the first two months, the data showed.

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Ma Xiaoguang, spokesman for the State Council’s Taiw

wan Affairs Office, said in a statement on Tuesday that the exercise aimed to protect national sover

eignty and territorial integrity, as well as protect the common interests of people from both sides of the straits.

Taiwan’s administration, led by the Democratic Progressive Party, used the drill as an opport

unity to “deceive and mislead the residents of Taiwan and to provoke and escalate a cross-Straits confrontation,” Ma said.

“Its goal of undermining cross-Straits relations and the peace and security of the region will not succeed,” Ma said. “Nobo

dy should underestimate our adamant resolve and ability to protect national sovereignty and territorial integrity.”

On Tuesday, Taiwan leader Tsai Ing-wen said she will not be intimidated by the military d

rill, calling the exercise “a threat to Taiwan” and an act of “coercion”, the island’s media reported.

Tsai also thanked the United States for considering a deal with Taiwan to renew a $500

million training program in the US for Taiwan F-16 pilots and maintenance crews.

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hinese ‘can help Notre Dame revival’stunned France wou

hina can lend a helping hand in the rebuilding of Paris’s Notre Dam

e Cathedral, whose spire and roof were destroyed by the huge fire that engulfed the 8

50-year-old Gothic building on Monday evening, said a historian from Cambridge University.

Alan Macfarlane, a historian and professor emeritus at King’s College, said that give

n China’s widely acknowledged engineering and construction expertise, “it would be a very appreciated gesture if the pe

ople of China offered their help in whatever way the French thought appropriate to rebuild a symbol for all of our world”.

“The Chinese have built the largest airport in the world, a far larger job than rebuilding

Notre Dame, in less than three years,” Macfarlane said. “They could be of immense help.”

President Xi Jinping sent a message of support to French President E

mmanuel Macron on Tuesday, expressing sincere condolences to all French people.

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Its partial loss is a terrible blow to a proud country

 and to the world more widely,” said Macfarlane, the King’s College historian.

A woman identified only as Marie, who has lived in Paris for 20 years, said: “This is a monument b

uilding that belongs to the story of Paris, to the story of France. … Notre Dame is our story, our culture, our spirit.”

An experiment conducted by Chinese and US scientists on improving monkeys’ cognitive function has been

found to follow international animal rights standards, according to the Chinese research institute.

The study implanted 11 rhesus macaque monkeys with copies of the human MCP

H1 gene, which scientists believe is crucial for humans’ brain development and evolution.

The project is led by researchers from the Kunming Institute of Zoology of the Chinese Acade

my of Sciences, who are working with researchers from the University of North Carolina.

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Customs makes its biggest tusk bustuangpu Customs Distri

China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.

It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in

dependently by customs officers, the General Administration of Customs said on Monday.

The case was solved in March after a combined operation of differ

ent customs offices lasting three months. A total of 238 custo

ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.

Twenty suspects were detained for further investigation, accor

ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.

Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.

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Hu said the administration also will promote anti-smug

ling and wildlife protection knowledge among the public, and it welcomes public supervision or reports of smuggling.

As social networks and online stores have become increasingly important tools for wildlife s

mugglers, the administration has beefed up its anti-smuggling work online this year.

Customs officials are working on cases involving another 100 tons

of endangered wildlife and wildlife products, of which about 300 kilograms are tusks and ivory products.

Last year, the administration purchased advanced screening and detection equipment to improve th

e efficiency of its anti-smuggling work, according to Wang Wei, director of the administration’s ports supervision department.

People caught entering China with endangered wildlife or wildlife

products worth less than 200,000 yuan ($29,800) face up to five years in prison. If such contr

band goods are worth more than 1 million yuan, the penalty upon conviction is a minimum of 10 years in prison.

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On the basis of the four China-Japan political documen

s and in the spirit of seeing history as a mirror as well as facing the future, the two nations sho

uld continue to work toward the long-term, healthy and stable development of bilateral relations, he said.

As major economies in the world, China and Japan both support free trade and obey WTO rules, Li said.

He also welcomed Japanese businesses to expand investment in China

as the country will continue to unwaveringly deepen reform and expand opening-up.

China stands ready to move forward with talks with Japan and other rel

ated parties to further the negotiations regarding the Regional Comprehensive Econo

mic Partnership as well as the China-Japan-Republic of Korea Free Trade Agreement, he said.

Li also voiced China’s support for Japan’s hosting of the G20 Summit, which is slated this year

to be held in Osaka, and he hoped it would inject fresh impetus into global economic growth.

Kono expressed his appreciation for efforts made by the Chinese premier in helping return bilateral relations to the right track.

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The latest official tone came from central bank’s D

puty Governor Chen Yulu over the weekend. He reassured that monetary policy will remain “p

rudent” and “with proper intensity”. The growth of broad money supply (M2) and aggregate social financi

ng should align with nominal GDP growth, according to a statement on the central bank’s website.

The deputy governor delivered a speech at the 39th mee

ting of the International Monetary and Financial Committee in Washington.

Chen also stressed that the further improvement of the exchange rate regime wo

uld “keep the renminbi exchange rate generally stable at an adaptive and equilibrium level”.

Lu Ting, chief economist in China with Nomura Securities, wrote in a research note that de

spite solid credit growth, underpinned by ongoing monetary and credit easing measures, the government is u

nlikely to engineer another long and large-scale “credit boom” due to much narrower policy room than before.

www.fqyp.org

It’s time high-tech and internet companies designed a reaso

onable salary system to motivate their employees to give full play to their creativity and pro

ductivity, instead of forcing the workers to work long hours without adequate remuneration.

Chinese internet firms should learn from the managerial experiences of their foreign counterparts such

as Google and Facebook to incentivize their staff if they want them to work overtime and improve their productivity.

Huang Wei, a lawyer at Zhejiang Shenggang Law FirmWorkers’ rights and interests must not be compromised

The average leisure an average Chinese person enjoys is 2.27 h

ours a day compared with about 5 hours in developed countries suc

h as the United States, according to a research conducted by the Chinese Academy of Social Sciences.

Due to the “996” schedule in some high-tech and internet companies, the workers have even less leisure time, which affects not only t

heir daily life but also their health. Worse, many workers don’t even get paid for the extra work they do.

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But despite being forced to work overtime without ge

tting due remuneration, very few employees use the Labor Law to defend their rights, because it is not easy for them to seek legal redress for their grievan

ces. For example, workers spend a lot of time and money to furnish effective proof that they were asked to work a

nd indeed worked overtime. By so doing, they could even lose their job – as employers could sack them for poor performance.

Interesti2365zuchewangcn-/ngly, Liu Qiangdong, founder and CEO of JD.com, used his WeC

hat account to say he now follows a “8116+8” schedule (8 am to 11 pm, six days a week, and 8

hours on Sunday, with only two days off a month), arder when he started his company. Had

he not followed the schedule, JD.com might not have survived the fierce competition from other internet companies.

Although Liu said he would not force his employees to work accordin

g to the “996″ schedule, he would want them to work as hard as he did during the initial years of JD.com.

It is therefore important that standards to calculate workload per da

y should be set and quantified, and supervision over the exploitation of labor made s

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