The market potential remains huge,” said Dai Bin, direct

The market potential remains huge,” said Dai Bin, direct

or of the China Tourism Academy. “Compared to the United States, w

here 48 percent of its citizens hold a passport, the figure in China is only around 10 perce

nt. It’s estimated that the number of Chinese outbound travelers will reach 230 million in 2030.”

A report published by major Chinese travel agency Ctrip showed th

at 160 million Chinese people have travel plans during the upcoming four-day May Day hol

iday. Thailand, Japan, Vietnam, Taiwan and Indonesia are the top destinations outside the mainland.

Malaysia, which receives around 10 million Chinese tourists annually, began to i

ssue e-visas for Chinese in 2017. “The number of visa stickers on passports of Chinese na

tionals dropped by 70 percent in the first year after the service was introduced, showing its high popularity,” said Han.

Since last year, countries including Australia, New Zealand, Singapore, Turkey, Thailand and Sri Lanka have starte

d to accept visa application documents online and issue e-visas, either a bar code or QR code.

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In order to improve the business environment, the Chi

In order to improve the business environment, the Chi

ese government has launched a series of measures to continually reduce burdens for taxpayers, an

d the annual plan for 2019 is to cut 2 trillion yuan ($300 billion) in taxes and fees.

“Effects have been seen recently. In the first two months, 182.85 billion yuan in taxes and fees were furth

er reduced,” Wang said. “The Chinese tax authority will do all it can to achieve the target.”

“International tax cooperation is not and has never been easy. But we

do need a multilateral approach,” said Vitor Gasp

ar, director of the Fiscal Affairs Department at the International Monetary Fund.

“BRITACOM has a role to play in fostering a multilatera

l cooperation approach to taxes, and it can help tax adm

inistrations share best practices and build a foundation for cooperation,” Gaspar said.

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The seized animals and products included ivory, rhinocer

The seized animals and products included ivory, rhinocer

ros horns, pangolin scales, dried sea horses, red corals, and hawksbill turtles, Zheng said.

A major overseas criminal gang once active in smuggling animals to Guangdong province has been busted following the crackdown, he said.

He suggested that further special campaigns will be launched to fight against such smuggling in the coming months.

Water pollution has forced many regions, especially in southern China, to change their sou

rces of drinking water, with many reaching out to the Yangtze River, a report said.

The contamination of water bodies has made drinking water in souther

n China more scarce, despite a dense network of waterways, according to the report, publ

ished earlier this year by the Institute of Public and Environmental Affairs, an NGO.

A campaign to root out environmental violations at water intake sites is expect

ed to improve things, but environmental authorities should be aware that local governments may choose to aba

ndon their water intake sources to avoid rectifying problems, said Ma Jun, director of the institute.

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Intl professionals’ exchange conference wraps up in Shen

Intl professionals’ exchange conference wraps up in Shen

More than 3,000 cooperation intentions were reached between Chinese government dep

artments and professional organizations, training agencies and overseas talent at the 17th Conf

erence on International Exchange of Professionals, which wrapped up in Shenzhen on Monday.

Over 1,500 enterprises, including well-known companies like Tencent, Huawei, Pin

gan, Vanke and BYD, presented talent with nearly 40,000 job opportunities at the conference.

The employers received more than 180,000 res

umes from job-seekers. More than 30,000 people reached preliminary agreements on employment.

As a platform on which international professionals and talent gather to exchange

ideas and explore development opportunities, the conference also features international cooperation.

Several high-level entrepreneurial programs, including [email protected] China, and the Ch

ina (Shenzhen) Innovation & Entrepreneurship International Competition, were held during the event.

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Second minor earthquake in a week detected in Beijing

Second minor earthquake in a week detected in Beijing

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.

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Always referring to himself as the “gatekeeper” of the Pa

Always referring to himself as the “gatekeeper” of the Pa

Palace Museum, Shan joked about applying for a volunteer position after retirement.

His successor Wang Xudong was formerly the director of the Dunhuang Academy. He has b

een dedicated to the preservation of Dunhuang murals since 1991 and became the director of the institution in 2014.

China saw 112 million domestic tourist trips during the three-day tomb-sweeping holiday, up 10.

9 percent from last year’s holiday, according to the Ministry of Culture and Tourism.

The tourism revenue reached 47.9 billion yuan (about $7.1 billion) during the holiday which lasts from Fri

day to Sunday, up 13.7 percent, according to the ministry.

Chief Executive of the Hong Kong Special Administrative Region Carrie Lam Cheng Yuet-ngor started a t

hree-day trip to Japan on Sunday to attend a symposium for the Guangdong-Hong Kong-Macao Greater Bay Area.

The symposium, jointly held by Guangdong, Hong Kong and

Macao, will be on Tuesday in Tokyo, site of one of the world’s best-known and largest bay areas.

gzbbch.com

Supply chain finance gets tech edge, to boost private

Supply chain finance gets tech edge, to boost private

Chinese commercial banks are strengthening supply chain finance with the help of tech

nology to solve difficulties at private enterprises, especially small and micro-sized businesses.

Supply chain finance allows a supplier to sell its invoices to a bank at a discount as soon as they ar

e approved by the buyer. This allows the buyer to pay later and the supplier to secure its money earlier.

China Minsheng Banking Corp, a national joint-stock commercial lender – a business entity in which shares

of the company’s stock can be bought and sold by shareholders – is providing comprehensive financial and nonfin

ancial services to private enterprises in the upstream and downstream supply chains.

Downstream supply chain management refers to coordinating the flow of information and goods with clients. It cont

rasts with upstream SCM, which involves coordinating buying activities with suppliers.

The Beijing-based bank has offered solutions adapted to the features and needs of private companies in six industr

ies, including home appliances and pharmaceuticals, since setting up a supply chain finance department last year.

gzbbae.com

hinese firms to sponsor, serve Beijing horticultural expo

hinese firms to sponsor, serve Beijing horticultural expo

Chinese firms are expected to play bigger roles than sponsorship at the the upcoming 2019 Beijing International Horticultural Exhibition.

The expo has finished its sponsorship work, signing contracts worth about 1 billion yuan ($148.8 million) with 25 Chinese f

irms, including Air China and China Mengniu Dairy Company Limited, a record high sum for similar events in the field.

The firms will not only sponsor, but also serve the expo with

products, services and technologies, according to a consultant for the event.

Artificial intelligence firm Baidu will build a high-tech ecology experience pavillon to highlight the importance of environme

ntal protection, while China Telecom will showcase the country’s development in 5G technology.

Slated to kick off on April 29, the 162-day expo is poised to impress an expected 16 million visitors from hom

e and abroad, with a huge collection of plants, flowers and eye-catching pavilions, as well as ideas for green development.

qhfus.com

Liu made the remarks during his meeting with US Presi

Liu made the remarks during his meeting with US Presi

dent Donald Trump at the White House Oval Office.

The vice premier, who is heading the Chinese trade negotiation te

am, conveyed greetings and a message from President Xi Jinping to President Trump.

In the message, Xi said that new substantial progress has been made on the text of the China-US economic and trade agreement in the past month or so.

Xi encouraged the two sides to maintain the spirit of mutual respect, equality and mutual benefit, and resolve issues of mutual

concern so as to conclude the negotiations on the agreement text as soon as possible.

Xi also said that a healthy and stable development of China-US relations needs, in partic

ular, their strategic leadership, and that he is ready to keep close contact with Trump through various means.

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High school graduates in China normally need to tak

High school graduates in China normally need to tak

o take the national college entrance examination, or gaokao, to be ad

mitted to a university. Independent enrollment was added as an alternative admission met

hod in 2003 to allow some key universities to enroll students based on subjective criteria.

Currently, 90 universities have allocated 5 percent of their enrollment slots to indepen

dent students with special talents. They admit more than 20,000 such students every year.

Tests of academic competence and interviews are usually required. Universit

ies start the independent enrollment process in March, while the gaokao takes place in June.

The gaokao is a highly competitive and stressful test, and in some provinces with large num

bers of high school graduates, a single point can separate more than 1,000 students. The exams create a lot of anxiety amo

ng students and parents, and some will do anything possible, even committing fraud, to be admitted to a better university.

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