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The move followed a State Council decision in April to es

tablish a policy framework for applying a fairly low RRR for small and medium-

sized banks in a bid to lower financing costs for MSEs.

Home prices in 70 major Chinese cities continued to stabilize despite slight increases in April, official data showed Thursday.

New home prices in four first-tier cities — Beijing, Shanghai, Shenzhen and Guangzhou — increased 0.6 percent month

on month in April, up from the 0.2-percent increase in March, said the National Bureau of Statistics (NBS) in a statement.

New home prices climbed 0.8 percent in 31 second-tier cities, and rose 0.5 percent in 35 third-tier cities.

As for resold homes, prices in the four first-tier cities reported a 0.4-percent growth mo

nth on month, while those in 31 second-tier cities went up 0.6 percent, narrowing from the 1.2-percent increase in March.

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Disaster-proofing the world’s largest infrastructure ini

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.

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ves us hope that China could become a global movie pow

powerhouse in the future, even though Chinese filmmakers have to hone their skills and g

ive life to attractive and meaningful stories on screen in order to compete with the world’s best.

Filmmakers should focus more on publicity

Li Guomin, adviser to China Film Association and Changchun Film Group Corporation

That China has produced some excellent films, including the Red Sorghum, Farewell My Concubine and The Wan

dering Earth, while allowing foreign films to be screened in the country demonstrates both its cultural inclu

siveness and independence, without which the Chinese movie market could not have become so vibrant.

In some sense, China has made more marked achievements in reforming and developi

ng its film industry than most other countries, including India that is known for its Bollywo

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Faster checks for inbound pets in placegs, cats to got

No need for dogs, cats to go through quarantine if they meet set conditions

Pets owners no longer need to be separated from their beloved dogs or cats when they ar

rive in China from overseas if they meet certain conditions, under a regulation that took effect on May 1.

Dogs or cats with valid electronic chips arriving from 19 designated c

ountries or regions no longer have to undergo weeklong quarantines if they pass on-site inspe

ctions at ports of entry, according to the regulation released by the General Administration of Customs earlier this year.

The designated countries and regions are New Zealand, Australia, Fiji, French Polynesia, Hawaii and Guam of the Unite

d States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, Cyprus, Portugal, Sweden, Switzerland, J

apan and Singapore, as well as China’s Hong Kong and Macao special administrative regions.

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Firefighter and ambulances have arrived at the scene for

It was reported that the fire could be caused by lightening strike.

Moscow’s transport prosecution office is investigating into the incident and it will check i

f there were violations of the flight safety legislation, according to Sputnik news agency.

Sarah Daley, a student at the University of Virginia, has deep connectio

ns with China. She spent the summer of 2018 teach

ing English in Hebei province and has a younger sister who was adopted from China in 2009. Both experiences left

her with positive impressions of Chinese people and long-lasting friendships.

Those connections led to Daley being honored by the Chinese embassy

in the United States during an award ceremony in Washington on Saturday, after she sha

red her stories with the world through an event hosted by the embassy and China Daily.

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Ruwan Wijewardene, Sri Lankan state defense min

nister, said on Tuesday that Islamic extremists staged the attacks in

Sri Lanka in retaliation to the shootings in two New Zealand mosques in March that claimed 50 lives.

And the blasts lay bare several threats confronting the whole world. First

of all, the reflux of IS terrorists formerly active in Iraq and Syria to countries that have not su

ffered large-scale serial terrorist strikes in a while poses a serious threat to their people’s safety.

Sri Lanka had enjoyed relative peace after the Liberation Tige

rs of Tamil Eelam, a militant organization demandin

g a separate homeland for Tamils in northeastern Sri Lanka, was defeated in 2009.

Governments have been keeping a close watch on the small nu

mber of people that have returned to their countries after atten

ding IS training camps. Yet the lack of coordination mechanisms among countries seemin

gly helps the terrorists evade surveillance and collude with extremist forces outside their countries.

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Kim Jong-un supervises test of new tactical guided weapon

Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the

test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday.

Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond

ucted by the Academy of Defense Science on Wednesday,” the KCNA reported.

The design indexes of the weapon, with advantages of “the p

eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con

ducted in various modes of firing at different targets,” the report said, giving no details of the weapon.

“Tactical” implies a short distance weapon instead of a long-range ballistic missile in military battles.

According to the report, Kim described the development as “an event of v

ery weighty significance in increasing the combat power of the People’s Army,” sayi

ng that the scientists and workers have done a great work in increasing the country’s capabilities of

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The two nations should also further exchanges and

cooperation in areas including education, culture, science and technology as well as ensuring the success of the China-New Zealand Year of Tourism events, he said.

Ardern expressed her appreciation for Xi’s condolences and support foll

owing the terrorist attack in Christchurch, adding that her choice to proceed with the vi

sit despite the event “does reflect the value New Zealand places on its relationship with China”.

She called the bilateral relationship “one of our most important a

nd far-reaching relationships”, a point she said she has made in speeches over the past year.

She said she hopes that through the visit, the two nations can strengthen their bilateral co

mprehensive strategic partnership and deepen cooperation in trade and people-to-people exchanges.

She also reiterated New Zealand’s adherence to the one-China p

olicy and its independent foreign policy, as well as its firm support for multilateralism and free trade.

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Livestreaming to vitalize cross-border e-commerce

Zhang Ying, 32, a white-collar worker in Beijing, is a jewelry lover. She prefers watching lives

treaming videos via some cross-border e-commerce platforms to buy foreign products in her spare time.

“Pictorial representations are not exactly the right way to purchase commodities online, I had som

e problems as the products did not match up to the expectations promised on the onlaine platform advertisements.”

Zhang said daigou (overseas shoppers who buy foreign products for customers on the Chinese mainland) can dem

onstrate details of products like jewelry in accordance with what the buyer wants through the livestreaming method.

“I can take a good look at the design, material, color, size and even every angle of the jewelry. It feels like that I can pick out the

products on my own. After comparing various necklaces and bracelets, I can decide which one fits me the best.”

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The office was established after Kim and South Korean Preside

  nt Moon Jae-in met at the DMZ for an historic summit last year, which was follow

ed by a meeting between Kim and US President Donald Trump in Singapore.

  Pyongyang said it would notify Seoul regarding “further practical matters in the future.”

  In the statement, the Unification Ministry said South Korea regrets the decisi

on, and urged the North to return soon and continue the work being done at the liaison office towards a full peace settlement.

  ”We regard such a withdrawal as very sad and unfortunate (and) we hop

e that the North will return shortly and hope that the liaison contact office will operate nor

mally as soon as possible,” Vice Minister of Unification Chun Hae-sung said at a press conference in Seoul Friday.

  ”We believe that we should take some time to judge (the situation).”

  North Korea’s pull-out Friday from the Kaesong Liason Office has been on cards since Hanoi, given recent

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