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service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year
. Meanwhile, sluggish auto consumption dragged the whole consumption growth.
The continuous decline of auto consumption has become
a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear
cher at the National Academy of Development and Strategy at Renmin University of China.
Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t
hat based on March data, auto production fell, however, the drop was narrowing.
The National Development and Reform Commission was reportedly considering a sl
ew of new measure to boost spending on automobiles, home appliances and consum
er electronics products. It has sent a draft plan to encourage consumption in the three sectors.
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.
energy vehicles (NEV), sales of NEVs reached 111,000 in March, up 100.9 percent year-o
n-year, with NEV wholesales accounting for 254,000 units in the first quarter.
CPCA predicts a 40 percent increase in NEV sales to 1.7 million
units in 2019, based on these first quarter figures.
As China began to cut manufacturing sector VAT from 16 to 13 percent on April 1, som
e imported and high-end vehicle brands lowered prices to boost sales nationwide.
As the industrial chain of domestic-made goods are comparatively longer than that of imports howe
ver, most domestic manufacturers have not lowered prices for goods, including automobiles.
“Consumers should not expect too much on price cuts of automo
biles, but choose vehicles based on demand and affordability,” CPCA said.
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