magnitude earthquake at a depth of 19 kilometers was detected at 12:47pm on Sunday
in Beijing’s Huairou district, according to the China Earthquake Networks Center.
It is the second earthquake in a week that occurred in the capital, following a 2.9-magnitude earthquake in Beijing’s Haidian district last Sunday.
Earthquake experts said minor quakes are normal in the area, as Beijing is located in the earth’s rift zone. There is no need for worry.
Since Beijing is at the junction of the earthquake zone of Shanxi province, the North China Plai
n and Yanshan Mountain, it’s normal for the capital to experience small quakes at a magnitude of two to thre
e, said Sun Shihong, a researcher at the China Earthquake Networks Center, as quoted by Beijing News.
“There will be no major impact on those living or working in the capital,” he said.
Seven rift belts are scattered through the plains in Beijing, mostly lyin
g from the northeast to the southwest. Among those rift belts, active ones are more likely to trigger quakes.
China’s smartphone shipments fell 4.1 percent year on year in March to 26.94 million units, dat
a from the China Academy of Information and Communications Technology (CAICT) showed.
Last month, smartphones made up 94.9 percent of all mobile phone shipments in the country, ac
cording to a report from the CAICT, a research institute under the Ministry of Industry and Information Technology.
Despite the mobile phone market shrinking, the drop has been moderated, said the report.
Overall mobile phone shipments went down 6 percent in March, narrowing from the 1
.9-percent slump in February to 28.37 million units, among which 95.1 percent were 4G phones.
Chinese-brand mobile phones accounted for 90.5 percent of total shi
pments last month, up from 90.3 percent in February 2019, according to the report.
Employees in Shanghai earn the highest monthly incomes in China, according to a report by 58 Tongcheng Recruitment Research Institute.
With an average monthly wage of 9,723 yuan ($1,447.64), Shanghai, China’s financial ce
nter, tops the country’s income rankings, the report on talent flow in quarter one said.
New first-tier city Hangzhou in East China’s Zhejiang province came in second, wi
th an average of 8,684 yuan, up 25.77 percent year-on-year – the highest growth rate.
With development of the Guangdong-Hong Kong-Macao Greater Bay Area set to begin, Gu
angzhou in South China’s Guangdong province offers the most job opportunities, up 24.95 percent year-on-year.
Beijing, Shanghai, Guangzhou and Shenzhen remain job seekers’ p
referred locations, with Shenzhen most popular in the first quarter of this year, the report said.
An employment-first policy has been elevated to the status of a macro policy for the first
time in this year’s government work report, and China will pursue the policy with full force in 2
China’s foreign exchange reserves rose to $3.0988 trillion by the end of March, official data showed Sunday.
The amount increased by $8.6 billion, or 0.3 percent from the end of February, according to the State Administration of Foreign Exchange.
China’s peer-to-peer (P2P) lending industry will continue to shrink and cons
olidate due to tighter regulation and weak investor sentiment, Fitch Ratings said in a report.
The number of P2P investors and platforms declined steeply last year after regulators tightened supervision, and Fitch exp
ect more platforms to close or consolidate this year as reforms continue to take effect, leading to a smaller, less fragmented market.
Stronger regulation of P2P companies will be positive over the lo
nger term for a sector that has yet to be tested through economic cycles, the report said.
New regulations will also require many platforms to reduce their
reliance on retail investors, leading to a shift toward wholesale or institutional funding sources.
Lenders with more robust business models, established risk-management capabil
ities and more stable access to funding are likely to gain market share, according to Fitch.
“However, independent enrollment has evolved into a situation where rich people find ways to get their children extra
points. Third-party organizations should be involved in the process to make it fairer and more transparent,” he said.
Xiong Bingqi, vice-president of the 21st Century Education Research Institute, said the goal of independent college adm
ission is to establish a system of multiple evaluations, instead of judging students by test scores alone.
However, students who qualify for independent enrollment also must take the gaokao, and their scores in the exam rem
in an important basis for admission, Xiong said. So students and their parents are still focused on the scores.
Moreover, the pilot program has failed to help establish a two-way a
dmission mechanism between colleges and students. Independent enrollment refo
rm has increased the right of colleges to choose students, but students still have limited ability to seek admission to the coll
ege of their choice, as one student normally gets a call for admission from just one institution, he said.
GAZA – At least four Palestinians were killed and 316 injured on Saturday during day-long cla
shes with Israeli soldiers in eastern Gaza Strip, close to the border with Israel, medics said.
Gaza’s health ministry said in a statement that Bilal al-Najjar, 17, was critically wou
nded earlier on Saturday and succumbed to his sustained wounds later at night.
Al-Najjar joined the protests and rallies in the East of Kahn Younis town, close to the border with Israel in southern Gaza Strip.
Ashraf al-Qedra, health ministry spokesman in Gaza, said earlier said that Tammer Abu Al-Khe
ir, 17, was killed by Israeli soldiers’ gunfire in his chest e
ast of Khan Younis town in southern Gaza Strip, close to the border with Israel.
“Four were killed and 316 injured, including 64 injured by live gunshots, 16 by rubber bullets an
d the rest by tear gas,” said al-Qedra, adding that nine paramedics and four journalists were among the injuries.