sporting goods, textiles, electronic appliances and bicycles, will be lowered to 20 percent from the previous 25 percent, it said.
The move was aimed at expanding imports and boosting domestic consumpti
on, with tax rates lowered for many daily consumer goods, the commission said.
Chinese singer Yi Yangqianxi on Monday shared his vision of promoting health among young
people, citing his experiences working with the World Health Organization (WHO).
At the Asia and Pacific session of the ongoing UN Economic and Social Council Youth Forum, Yi said that to bu
ild a healthier society, “we need to start with our own personal action, make healthy choices” and “we can make an effort to reach
out to those who need support, including children and teenagers.”Chinese singer Yi Yang
qianxi (front), who is a World Health Organization (WHO) China special envoy for health, attends the Asia and Pacific session
of the United Nations Economic and Social Council Youth Forum, at the UN headquarters in New York, April 8, 2019. Yi Yangqianxi on Monday shared his vision
of promoting health among young people, citing his experiences working with the World Health Organization
report released on Sunday that attractions highlighting cultural experiences or tea-picking activities were among the hottest destinations.
Reservations for cultural attractions such as museums, temples and viewing cultural relics r
ose by 20 percent year-on-year during the break, and museum bookings rose by 17.8 percent.
Li Qiuyan, Lvmama’s branding development director, said the
Tomb Sweeping holiday is a good time for spring outings and leisure activities.
“Travelers are snubbing the attractions that offer only sightseein
g activities, while pursuing cultural experiences with medium and high-end accommodations,” she said.
Opportunities to view blossoming flowers also attracted travelers. Yuanto
uzhu, a peninsula in Wuxi’s Taihu Lake-one of the nation’s largest freshwater lakes, in Jiangsu
province-was among the top 10 hottest attractions because of its cherry blossoms, the report said.
Other popular attractions during the festival included Shanghai Disn
ey Resort, Mount Huangshan in Anhui province, and Happy Valley theme park in Beijing.
cles are starting to gain momentum in the private market. With the overall vehicle market remaini
ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and
the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.
China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi
tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs
idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.
The source said the proportion cut is basically consistent with falling ratios of general cost for co
mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend
ed to become reliant on long-standing subsidies, leading to weak competitiveness.
The statement also asked local governments to remove subsidies on purchases o
f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used
to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.
ping via livestreaming services could completely and truly demonstrate the detailed infor
mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.
Zeng added that the consumers’ demands have become more p
ersonalized and diversified. “They have higher requirements for high-quality and cost-effe
ctive products, which brings out huge opportunities for cross-border e-commerce industry.”
It is noteworthy that the post-90s generation favor niche
and designer brands, and also are addicted to livestreaming videos, Zeng said.
Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.
By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83
countries including the United States, the United Kingdom, Japan, South Korea and Australia.
Chinese stocks market surged on Monday with benchmark indices in Shanghai and Shenzhen jumping over 5 percent, mak
ing daily turnover break through 1.04 trillion yuan ($155.5 billion), a new record since 2015. The Barron’s, a fin
ancial weekly published by Dow Jones & Company, said the performance of Chinese stocks is much better than the S&
P 500. Global investment management corporation BlackRock also suggested lasting gains of the bull market.
Barron’s said the CSI 300 index, which tracks the largest stocks traded in the Shanghai and Shenzhen
stock exchanges, rose 6 percent on Monday, with a year-to-date gain of nearly 24 percent, twice the gai
n in the S&P 500, making the CSI 300 index one of the best performing indices globally in 2019.
The ongoing finance sector reforms and further industry open-up could also help boost the Chinese economy and the stock market, the Barron’s report said.
China’s financial system has great potential in helping stabilize the economy, a previous China Daily report said, adding that the co
untry will deepen supply-side structural reform in the financial sector and strengthen the sector’s ability to serve the real economy.
A widely criticized Australian newspaper cartoon showing tennis legen
d Serena Williams jumping up and down next to a broken racket and a pa
cifier which she had spat out was not racist, according to the country’s media watchdog.
The Australian Press Council ruled that the drawing, published by Murdoch group newspaper the Hera
ld Sun, did not breach Australia’s press standards and instead was capturing Williams’ “on-co
urt tantrum” at the 2018 US Open final “using satire, caricature, exaggeration and humor.”
The cartoon was published shortly after the bad-tempered final, in which Wi
lliams had a dispute with the umpire over his allegedly sexist treatment. The pr
ess watchdog received a number of complaints about the image, which drew international condemnation.
The press council said the newspaper “was depicting the moment when, in a high
ly animated tantrum, Ms Williams smashed a racquet and loudly abused the ch
air umpire, calling him a thief, a liar and threatening that he would never umpire her matches again.