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.

ourside.cn

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.

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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.

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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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The training will focus on laws and regulations rela

The training will focus on laws and regulations rela

 to pesticide management, prevention and control of crop pests and diseases, safe usage of p

esticides, safety protection for supportive chemicals, and recycling of pesticide packaging waste.

China has been working to achieve greener development of the agricultural sector in recent years. Last year saw decre

ase in pesticide use nationwide and the ministry said this year will see further reduction in using such che

micals while improving the efficiency. In the meantime, the ministry said packages for pesticides will be recycled this year.

Zhou Puguo, director of the ministry’s Institute for the Control of Agrochemicals, said scientific and safe usage of pesticides concerns the quality and

safety of agricultural products as an important part of the Rural Vitalization campaign and poverty relief.

  Rising number of independent practitioners hope to increase their incomes and offer patients better medical treatment

  In 2013, when he resigned from the prestigious Shanghai East H

ospital as director of its vascular surgery department, Zhang Qiang, then 47 years ol

d, was well known for his medical expertise and kindness to patients, earning him the moniker “Doctor Smile”.

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He said he hopes that the Italian Senate will continue to pl

He said he hopes that the Italian Senate will continue to pl

play an active facilitating role, and create better conditions for and inject greater momentum into the development of bilateral relations.

The Italian Senate warmly welcomes Xi for his visit, Casellati said, notin

g that the Italian and Chinese peoples have always trusted each other and maintained pr

ofound friendship, with close ties in such fields as economy and trade, and culture.

The Senate speaker said she agrees with Xi on his remarks about the traditional friendly exchanges betwe

en the two countries dating back over 2,000 years, published in leading Italian newspaper Corriere della Sera ahead of his visit.

China and Italy are major countries that boast a rich culture, she said, adding that Italy is willing to boost communication and co

operation with the Chinese side in such fields as culture, art, language, heritage protection, tourism, science and tec

hnology, and innovation, and encourage their youths to increase exchanges and mutual understanding.

shlfcc.com

Mobile payments continue meteoric risepayment deals has jump

Mobile payments continue meteoric risepayment deals has jump

Use of China’s mobile payment services has skyrocketed over the past five years, with total transactions covered reaching 277.39 trillion yua

n ($41.51 trillion) in 2018 — a more than 27-fold increase from five years ago, according to the central bank.

A total of 60.53 billion mobile payment transactions were conducted last year, as a repor

t released by the People’s Bank of China Monday shows, while the figure was only 1.67 billion back in 2013.

From around 2013, with online payments dominant and mobile payments only nas

cent, to 2018, which saw mobile payments outpacing the domestic market, it is easy to observe a mo

bilization trend in payment structures, Xue Hongyan with the Suning Institute of Finance told Securities Daily.

The number of China’s online payment deals has jumped from 23.67 billion in 2013 to 2018’s 57.01 billion, and trans

action value more than doubled to 2,126.3 trillion yuan in 2018 from 1,060.78 trillion yuan five years earlier.

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On Feb 28, Starbucks organized an online competition

On Feb 28, Starbucks organized an online competition

a flash sale, if you will-for the limited-edition cups. Consumers would wait in front of their com

puters for long hours just to click “buy” several times in quick succession over a period of four days to March 3.

Only, millions of their ilk would also do the same thing at the same time. This meant, most of their attempts were destined to prove unsu

ccessful as buyers vastly outnumbered the special cups on sale. The cat-cups were sold out in nanoseconds after the sale opened.

Disappointed consumers accused Starbucks of resorting to “hunger market

ing”, a strategy to drive up demand by deliberately limiting supply, a charge that the cafe chain denied.

The Starbucks cup episode is the latest proof that pets, particularly cats, are stoking big-ticket

spending among affluent consumers in China, an economy that is witnessing consumption upgrade acr

oss all sectors-a topic close to the hearts of the Chinese lawmakers and political advisers who attended the annu

al sessions of the country’ top legislature and top political advisory body this month.

changyuzhineng.cn

All the members should remain conscientious and har

All the members should remain conscientious and har

dworking, and bravely take responsibility,” he said. “There are no honorary members, only responsible members.”

Political adviser He Yun’ao, from Jiangsu province, said this year’s session was busy and substantial.

“I got up early and got to sleep late to read more material so as to im

prove my proposals,” he said. “The meeting was over, but Chairman Wang has given us man

y assignments. I will do more surveys and study this year and bring better proposals next year.”

Zhang Zhihao and Wang Kaihao contributed to this story.

hina’s poverty relief battle is the world’s biggest and toughest. Over the last 30-plus ye

ars, China has made determined and innovative efforts to reduce poverty and remarkable achievements have been witnessed.

In this exclusive interview, an episode of China Daily’s two sessions special coverage answe

ring questions put forward by media outlets from more than 20 countries, Lei Ming, dean of the Insti

tute of Poverty Research, Peking University, shares his view on the ways of the toughest poverty-relief battle.

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