peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.
The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu
stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.
In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust
rial chains including independent and controllable information systems, smart security, big data, advanced co
mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.
According to the plan, the government will build Tianjin into an AI in
novation center and a hub of AI industries and innovative applications by 2020.
I hope all Asian countries will respect and trust each other, co-exist in harmony, expand cross-border, cross-time-and-space as well as cross-civ
ilization exchanges, and jointly maintain the peaceful time that is more valuable than gold.
Asian people expect Asia of common prosperity
I hope all Asian countries will jointly promote economic globalization that is open, inclusiv
e, balanced, and beneficial to all, and work together to eliminate poverty and backwardness in some countries.
Civilizations will lose vitality if countries go back to isolation and cut themselves off from the rest of the world.
Mutual respect, equal treatment among civilizations stressed
It is foolish to believe that one’s race and civilization are superior to
others, and it is disastrous to willfully reshape or even replace other civilizations.
interest in philosophy, history, literature, culture, music and sports, and that he first cul
tivated many of these interests back in middle school and they have stayed with him ever since.
His job is serving the people, and he works hard with a busy schedule, but takes great pleasure in his work, Xi wrote.
The Niles North students also inquired whether Xi likes the US.
Xi answered in the letter that he has visited their country many times and is impressed with the “beautiful landscape, hos
pitable people and diverse culture”, and he made a lot of friends, including some young people.
He said the students are “wonderful” and expressed hope that they will make greater progress in studying Chinese.
Learning Chinese will help them better understand China, a
d get acquainted with more Chinese friends and Chinese-speaking friends across the world, Xi said.
nts in Sichuan, Shaanxi and Shandong provinces as well as Beijing will eventually be able to sell bonds at count
ers in commercial banks directly to retail investors, and the practice will be expanded nationwide after an additional period of time.
The ministry said individuals do not need to pay taxes on the bonds’ interest income, and this policy is likely to attract more investors.
Selling local government bonds to retail investors should facilitate liquidity
in the secondary market, improve the market-oriented bond pricing mechanism and pu
sh issuers to enhance the quality of information disclosure, said Amanda Du, a Moody’s vice-president and senior analyst.
“Higher coupon rates compared with treasury bonds, and the tax exemption on the interest income, make
local government bonds more attractive for retail investors,” she said. “The fast takeup by retail investors also indicates that the
bonds have won high recognition among individual buyers, supported by the local governments’ high credit ratings.”
that was put forward by Xi, and the initiative is expected to promote the interconnectivity of the Eurasian continent.
The BRI is also a road of cultural exchanges, he said, adding that Italy would like to enhance cooperation with China in tourism and culture. Italy ad
mires China’s achievements in economic development, and it appreciates China’s opening-up policies, he said.
Both Italy and China are ancient civilizations, and the people of the two countries have sufficient wisdom to deal with
challenges nowadays, he said, adding that China’s rejuvenation will bring new contributions to peace and prosperity.
China will take a solid step toward becoming a high-income country this year,
reating more space to deepen reform and expand opening-up, economists said on Friday.
A more balanced growth pattern will help the world’s second-largest ec
onomy pass the “middle-income trap”, with consumption and high-tech man
ufacturing leading growth, they said at a Beijing seminar leading up to the 2019 China Development Forum, which starts on Saturday.