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These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

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At present, more than 20 provincial-level regions have

 completed 5G call tests and more than 500,000 commercial 5G base stations are expected to be

built in South China’s Guangdong, North China’s Hebei, East China‘s Zhejiang and Jiangxi, and Central Chi

na’s Hubei provinces and the cities of Shanghai, Harbin, Tianjin, Chongqing and Wuhan in the future, the report said.

“With technologies and products related to the 5G network maturing, the main parts of the 5G ind

ustrial chain, including systems, chips and terminals, are ready for commercial use,” Wen Ku, a

spokesman for the Ministry of Industry and Information Technology, said on Tuesday.

The report said the ministry, having made a general plan fo

r 5G application, is estimated to formally issue 5G licenses at some point this year.

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underlines legacy of Long Marchnping visits a museum mark

President Xi Jinping encouraged the Chinese people to be prepared for a new Long March to

ward national rejuvenation during a visit to a revolutionary base in Jiangxi province on Monday.

“We came here to the starting point of the Long March to exper

ience the situation of the Red Army’s departure during those years. Now there is a new Long

March, and we should make a new start,” Xi said at a memorial park in Yudu county, Ganzhou.

The Long March covered over 12,500 kilometers from October 1934 to October 1936. It was a military

maneuver carried out by the Red Army and led by the Communist Party of China to combat the Ku

omintang regime. The expedition, beginning in Yudu, laid the foundation for the Party’s victory.

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Reducing poverty must begin with reducing ignorance. Ther

refore, giving rural children a good education is an important task in poverty relief, and

also a crucial means to stop poverty from being passed on between generations,” he said.

“The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote.

While talking with students and teachers at a primary school in Zhongyi, a towns

hip in Chongqing’s Shizhu Tujia autonomous county, in April, Xi

said compulsory education is an important part of poverty eradication.

Children in impoverished mountainous regions must be guaranteed access to education, an

d they should have a happy childhood, Xi said during his visit to Chongqing. He encouraged teachers to sett

le down in such regions, dedicate themselves to education in rural areas and contribute to poverty reduction.

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countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt

and Road Initiative will work together to enhance scientific and technological coop

eration in disaster prevention and mitigation, according to a joint declaration.

The collaboration aims to make areas along the initiative safer, more sustainable a

nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r

oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reduct

ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic

huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

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The forum helped countries upgrade their concept

 of cooperation, defined key areas and strengthened the mechanism to seek high-quality development of the BRI, he said.

Leaders reached wide-ranging agreement on high-quality cooperation on the BRI at the leaders’ roundtable on Saturday after an i

n-depth exchange of views on issues such as connectivity, policy integration and sustainable development.

They supported comprehensive infrastructure connectivity as a way to foster economic growth and to build high-q

uality, reliable, resilient and sustainable infrastructure, according to a joint communique issued after the roundtable.

All parties involved supported strengthening synergies in development policies using the principle

of extensive consultations, joint contributions for shared benefits and building even closer partnerships, the joint communique said.

The leaders also upheld green and sustainable growth and agreed to enhance cooperation in areas such as environ

mental protection, circular economy and clean energy, according to the communique.

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