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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 the first four m
onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.
She said the transformation of traditional industries is speeding up as they combine with information technology.
“Through implementing national big data and internet plus strategies, internet, big da
ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said
magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
While some netizens praised the story, others felt cheated for the home decoration advertisement afte
r the video. Jiang Luxian, a lawyer from Chengdu, Sichuan province, said the advertisement probably violates relevant provisions of the A
dvertising Law, and the creativity of “sharing father” is also improper for public order and traditions.
Oppein, the creator behind the promotion, however, said on social media that
it hoped everyone would pay attention to the lack of father figures, and return to the family for love.
“Everything can be shared in this era, apart from family love,” the company said.
China’s foreign direct investment climbed 6.4 percent year-on-year to 305.24 billio
n yuan ($44.38 billion) in the first four months, the Ministry of Commerce said Thursday.
Meanwhile, investment from South Korea, the United States and Germany in Chin
a grew 114.1 percent, 24.3 percent and 101.1 percent year-on-year, respectively.
In April alone, FDI amounted to 62.95 billion yuan, up 6.3 percent year-on-year.
n, who came to the main venue of the festival on Thursday with four friends.
“We went to Thailand for a vacation last month. The beautiful sunshine and beaches there
are enchanting,” the 54-year-old Beijing native said. “Now, we have a second chance to experience its food.”
Yang Lin, 26, who described herself as a foodie, also went to t
he gala. “I love Korean food most, except for Chi
nese cuisine, and I’m happy that Beijing is holding such a big food exhibition.”
Xu Hejian, a Beijing official in charge of the event, said visitors can see how Asian food i
s made at the venue and sample various cuisines made by more than 200 food enterprises.
Wuyutai Tea is one of the companies.It’s a good opportunity for the younger generati
on to learn more about traditional Chinese delicacies and desserts,” said Chen Huaji, an employee. “Tea is
quite an important element of Chinese culture, and the exhibition offers a stage to show off the essence of Chinese food and Chinese culture.”