After a disappointing performance in 2018, China’s economy appears to be stabiliz
ing. In the first quarter of 2019, GDP growth, at 6.4 percent year-on-year, matched that of the previous quarter. But grow
th in industrial production exceeded expectations, expanding by 6.5 percent year-on-year (and by 8.5 percent in Mar
ch). Even exports growth was positive, albeit weak, despite the ongoing trade frictions with the United States.
Moreover, fixed-asset investment (FAI) grew by 6.3 percent－0.2 percentage points higher than in the previous quar
ter. Investment in real estate grew the fastest (11.8 percent), followed by manufacturing (4.6 percent) and in
frastructure (4.4 percent). The growth of investment both in real estate and infrastru
cture was stronger not only sequentially, but also year-on-year. As usual, consumption growth was stable.
hina’s credit growth surged unexpectedly to a record pace in January, strengthening production in the real econo
my and easing overall downward pressure, People’s Bank of China, the country’s central bank, said on Friday.
Bank lending in domestic currency increased by 3.23 trillion yuan ($476.8 billion) last month, the fastest single-month growth
since the figure was first tracked in 1992. It increased by 2.9 trillion yuan in January 2018, the bank said.
Total social financing, a broader measure comprising all money the real economy receives from the fi
nancial sector, including off-balance-sheet financing activities, rose by 4.64 trillion yuan in Ja
nuary, which was also the fastest monthly growth ever, according to the central bank.
The month’s rapid credit growth was a result of a series of precauti
onary measures to ease the negative effects of slowing domestic demand and external h
eadwinds, according to Sun Guofeng, head of the bank’s monetary policy department, at a news conference.
President Xi Jinping and his wife, Peng Liyuan, stand with Portuguese President M
arcelo Rebelo de Sousa at Belem Palace, the official presidential residence in Lisb
on, Portugal, on Dec 4, 2018. [Photo/Agencies]
President Xi Jinping and his Portuguese counterpart, Marcelo Rebelo de Sousa, vowe
d on Friday to make concerted efforts to advance bilateral ties to benefit the two countries and the two peoples.
The two presidents made the statement in exchanging congratulations on the 40th
anniversary of the establishment of diplomatic ties between China and Portugal.
In his congratulatory message to Rebelo de Sousa, Xi said that over the past four d
ecades, the two nations have been promoting sound development of bila
teral ties in the spirit of mutual respect, treating each other as equals and benefiting from win-win cooperation.
He hailed the proper resolution of the question of Macao by the two countries in 1999
as a good example of how nations can solve problems left from history through friendly consultations.
Huawei and Qualcomm settle temporarily: Huawei pays Qualcomm $150 million Quarterly
According to foreign media reports, Qualcomm said Huawei had signed a short-term aut
horization agreement with Qualcomm. In a conference call with analysts on the company’s financial perf
ormance, Qualcomm Chief Financial Officer George Davis said Huawei would pay Qualcomm $150 million a quarter. The
deal, which was concluded by Qualcomm in the first quarter ending December 30, will last until June 30.
Qualcomm probably wants to concentrate on Apple’s patent war.
Collection of Five Blessings: Occupy Your Blessing, Must Have Houfu and Other Hot Words
This year Alipay’s new “flower card” and “lucky card” set off a new round of upsurge. In order to get friends’ flower car
ds or professional dedication, netizens are also wits and wits. Some netizens have also coined such new wor
ds as “Zhan you fu”, “You must have later fu”, “scrapi
ng card type poverty alleviation” and so on, which are called “Ji Wufu slang”.
One meal was as fierce as a tiger, with a New Year’s Eve score of 0.5.
Apple revoked Facebook’s iOS Enterprise D