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tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.
In the meantime, allowing retail access to local government bonds will help diversify the
investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.
The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.
hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua
rter, according to data released by the National Bureau of Statistics on Wednesday.
The growth was unchanged from that registered in the fourth quarter of last year.
The country’s industrial output posted steady growth in the same period, up by 6.5 percent
year-on-year, compared with 5.7 percent in the previous quarter, official data showed.
Fixed-asset investment growth was 6.3 percent in the first quarte
r, compared with 6.1 percent in the first two months, according to the NBS.
Retail sales increased by 8.3 percent year-on-year in the same pe
riod, compared with 8.2 percent in the first two months, the data showed.
past couple of years, and the country also constructed one of the biggest seaports in the Caspian Sea,” Hajiyev said, addi
ng all these are important pillars of the ancient Silk Road. Besides infrastructure construction such as transport
ation hubs, Azerbaijan is working on information communication technology lines to build a modern Silk Road.
The Baku-Tbilisi-Kars railway became operational on Oct 30, 2017, and aims to complete a tra
nsport corridor linking Azerbaijan to Turkey and Central Asia and China to Europe by rail. “It works as a majo
r exporter and middle corridor under the Belt and Road Initiative, and Azerbaijan is also working on the East-West l
ine and North-South Line, linking the railway systems of Iran and Russia.”Thanks to its geographic locatio
n, Azerbaijan boasts great wine as well as tea, dried fruit, fruit juice and sweets. The country has had extensive discus
sions about exporting Azerbaijan agricultural products to China, Hajiyev said, adding A
zerbaijani companies are actively taking part in food and agricultural exhibitions in China to promote t
heir products, as the Chinese market is the one of the biggest markets in the world with immense opportunities.
nd we know how to do it,” Boeing CEO Dennis Muilenburg said in a video, according to the report.
Also on Thursday, an Ethiopian official confirmed news reports that the flight crew of the d
oomed flight had followed Boeing’s recommended procedures, at least in part, by disabling the automated anti-s
tall system of the 737 Max 8 but were unable to regain control of the plane before it crashed.
At a news conference in Addis Ababa, the nation’s transportation minis
ter confirmed earlier indications that the plane’s anti-stall system was repeatedly triggere
d in the minutes between the takeoff and crash, but he did not draw definitive conclusions about the crash’s cause.
“The pilots turned the MCAS on and off, but I can’t say how many times, because we will find t
hat out when we have the final report,” Dagmawit Moges, Ethiopia’s transportation minister, told The N
ew York Times. Moges was referring to the anti-stall Maneuvering Characteristics Augmentation System.