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policies for residence permits and financial incentives to lure more talent.
For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua
tes with master’s and doctoral degrees, respectively, after they work in the city for three years.
Haikou, capital of Hainan province, is attracting college students with a monthly rent s
ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.
Employment, especially some groups such as college gradu
ates and demobilized military staff, remains a priority to the government.
Premier Li Keqiang said at a teleconference on May 13 that employme
nt pressure will be felt this year by a larger number of college graduates. However, promotin
en he visited a museum of broken relationships in Chengdu, capita
l of Southwest China’s Sichuan province, with two friends in January. They tho
ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.
They acted fast and opened the museum after three months’ preparation.
The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who
ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.
China has several museums of broken relationships now, in Nanjing, Chen
gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.
China’s consumer price index (CPI), the main gauge of inflation, gr
ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.
The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru
ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.
NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros
e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.
Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.
Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose
0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.
China and the United States have made new progress in negotiating the text of an econom
ic and trade deal, but much work remains to be done, the Ministry of Commerce said on Thursday.
Negotiating teams from the two countries are hashing out the text of the deal, including
an enforcement mechanism, on the basis of mutual respect and benefit, said Gao Feng, ministry spokesman.
The remarks came as the world’s two biggest economies have been i
ntensifying their consultations and aiming to break the deadlock in a timely manner.
In the most recent round of trade consultations, the negotiators discussed technolo
gy transfers, protection of intellectual property rights, nontariff measures, the service sector, agriculture, tra
de imbalances and enforcement mechanisms, according to earlier reports.
The American Chamber of Commerce in China said in a recent white paper that the US business commu
nity in China, long an advocate of good bilateral relations, can no longer be relied on to be a positive anchor.
head of the Chinese Mission to the EU. So far, 22 European countries have signed memorandums of understanding with Chi
na to promote the Belt and Road Initiative, with Italy and Luxembourg the most recent examples, he said.
Chen Fengying, a senior researcher at the China Institutes of Contemporary International
Relations, said that Li’s European trip is to further enhance high-level exchanges and political trust between
China and the EU, following President Xi Jinping’s visit to Italy, Monaco and France last month.
Both sides support the multilateral trading system and face challenges posed by risin
g protectionism and unilateralism to economic globalization and multilateralism, Chen said. On the global geopoliti
cal stage, China is developing at a very fast pace with an enormous economic scale, Chen said.
“As a huge market, China has reiterated its opening-up (policy) to the ou
tside world, including to European countries. Therefore, both sides should strengthen cooper
ation and exchanges in areas such as trade, investment and the Belt and Road Initiative,” she said.
will be significant demand for top-quality goods and services,” he told China Daily.
Noting that many European companies are renowned for their innovation and reliability, Bagnasco said that “there shou
ld be plenty of business to be done” in Xiongan. In June, Mats Harborn, chamber president, paid a visit to Xiongan and wa
s received by Chen Gang, vice-governor of Hebei province and director of Xiongan’s management committee.
Chen said he hopes the chamber will take an active role in such areas as green developm
ent, intelligent technologies and innovation in Xiongan, an official news release from the new area said.
“The EU Chamber of Commerce in China has been building relationships in Xiongan for some time now, and the me
eting in June was just one part of that,” Bagnasco said, adding that the meeting was a good opportunity to furt
her develop relationships and deal with more concrete matters, such as specific investment mechanisms.