>> Other commonly used disaggregated growth meas
Month: April 2019
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.
Growth in China’s energy consumption remains robust while the forms
of energy continued to diversify in 2018, according to an annual report on China’s energy devel
opment released Sunday by the China Electric Power Planning and Engineering Institute.
Total energy consumed last year reached 4.64 billion metric tons o
f standard coal, a year-on-year growth of 3.3 percent – a five-year record, according to the report.
Consumption of clean energy, including natural gas, hydropowe
r, nuclear power and wind power, accounted for 22.1 perc
ent of energy consumption last year, up 1.3 percent compared with the same period in 2017.
Non-fossil energy accounted for 14.3 percent, up 0.5 percentage points year-on-year, the report said.
China produced 3.77 billion tons of standard coal last year, up 5 percent year-on-year, a seve
n-year high. It has also become the world’s largest natural gas importer, with a heavier reliance on energy imports.
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.
According to Chilean Ambassador Luis Schmidt, the two countries on Wednesday secured a deal to open the Chinese market to Chilean pears.
He said he is expecting the first pear exports to China to take place soon.
Zhou Jin contributed to this story.
Liu Cailin, a Hebei Academy of Fine Arts graduate, is a member of the Tujia ethnic group.
At school Liu interned at design companies during summer and winter vacations. It wa
s then that he fell in love with jewelry design. Several months after he graduated, Liu opened his own workshop.
For lovers, every gift is special. Liu once received a message: a girl received a leaf from her boyfriend, and wanted to preserve it in some
way. Liu decided to make a silver piece of jewelry for her, one of more than 2,000 stories he’s turned into works of art.
Liu now has more than 1.2 million fans and monthly sales of 150,000 yuan ($22,283), a figure that could top 350,000 yuan.