Patricia

However, the consumption structure has changed, with

service consumption accounting for 47.7 percent, up 1.4 percentage points year-on-year

. Meanwhile, sluggish auto consumption dragged the whole consumption growth.

The continuous decline of auto consumption has become

a key for stabilizing this year’s consumption, said Liu Xiaoguang, a resear

cher at the National Academy of Development and Strategy at Renmin University of China.

Mao Shengyong, spokesperson for the National Bureau of Statistics, recently said t

hat based on March data, auto production fell, however, the drop was narrowing.

The National Development and Reform Commission was reportedly considering a sl

ew of new measure to boost spending on automobiles, home appliances and consum

er electronics products. It has sent a draft plan to encourage consumption in the three sectors.

ashtt.com

Ruwan Wijewardene, Sri Lankan state defense min

nister, said on Tuesday that Islamic extremists staged the attacks in

Sri Lanka in retaliation to the shootings in two New Zealand mosques in March that claimed 50 lives.

And the blasts lay bare several threats confronting the whole world. First

of all, the reflux of IS terrorists formerly active in Iraq and Syria to countries that have not su

ffered large-scale serial terrorist strikes in a while poses a serious threat to their people’s safety.

Sri Lanka had enjoyed relative peace after the Liberation Tige

rs of Tamil Eelam, a militant organization demandin

g a separate homeland for Tamils in northeastern Sri Lanka, was defeated in 2009.

Governments have been keeping a close watch on the small nu

mber of people that have returned to their countries after atten

ding IS training camps. Yet the lack of coordination mechanisms among countries seemin

gly helps the terrorists evade surveillance and collude with extremist forces outside their countries.

ashkk.com

President hails US high school students’ roles

Mandarin learners encouraged to play parts in fostering bilateral friendship

President Xi Jinping encouraged a group of United States high-school students to boost

friendship between China and the US as he replied to their letter written to him in Chinese.

“I hope you will make the best of your time, study hard and contribute y

our part to a deeper friendship between the people of our two countries,” Xi wrote in th

e letter, saying the young generations represent the future of the Sino-US friendship.

Over 40 students from Niles North High School in the state of Illinois who are studyi

ng Mandarin Chinese recently wrote to Xi, asking about his work, life and hobbies.

They told the Chinese leader in the letter that they are studying Mandarin, and they love the Chinese language, music and cuisine.

In his written response, Xi expressed gratitude to the students for their letter, and said he

can feel from the letter their love of the Chinese language as well as their interest in Chinese culture.

lianweicms.cn

Unlike the second version, the latest one included rule

on the new science and technology innovation board, which will pilot the registration-based IPO system, according to Xinhua.

To accommodate the progress of reforms and development of the capital market, other modifications have also been made, cov

ering public issuance of securities, securities trading, and the protection of investors’ rights and interests, Xinhua said.

Dong expects the latest version to legitimize registration-based IPO systems not only

on the new board, but also across China’s whole A-share market. “Once the system achieves success on the n

ew board, it should be adopted on other submarkets as soon as possible,” Dong said.

President Xi Jinping announced in November that China will launch the S&T innovation board and pilot the registr

ation-based IPO system. Analysts expect the new board to begin trading around the middle of this year.

“The latest draft is expected to make comprehensive revisions, and it could go a long way

toward restoring public investors’ confidence and modernizing the regulation and governance of the ca

pital market,” said Liu Junhai, director of the Business Law Center at Renmin University of China.

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Specifically, the draft likely will and should feature key

 reforms to foster an investor-friendly legal system, represented by strengthened information disclosure, prot

ection of investors’ rights and interests, and crackdown on legal breaches, Liu said.

China must promote the healthy development of the capital m

arket through key institutional innovations, the Political Bureau of the Communist Part

y of China Central Committee, the Party’s core leadership, said a statement released after a meeting on Friday.

Dong said the revised law is likely to be adopted by the end of the first half of the ye

ar, adding it is imperative and possible to expedite rolling out the revised version.

“Previously, controversies over the registration-based IPO system reform ha

ve prolonged the revision process, but now this factor has been largely lifted,” he said.

“As foreign investors are set to play a bigger role in China’s capital

market development, the revised law should also consider clarifying the rights and oblig

ations of overseas investors, to help them form a stable policy expectation,” said Xue Yi, an associate p

jsLongsun.com

China releases report on progress, contributions and pro

China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).

The document, prepared by the office of the leading group for promoting the BRI, was released ahead

of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.

The Belt and Road Initiative is an initiative for peaceful

development and economic cooperation, rather than a geopolitical or military alliance, said the rep

ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”

“It neither differentiates between countries by ideology nor plays the zero-sum

game. Countries are welcome to join the initiative if they so will,” according to the report.

The BRI has turned ideas into actions and vision into reality, and i

tself into a public product widely welcomed by the international community, the report said.

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Seven arrested as Sri Lanka bombings death toll rises to 207

The death toll from a rash of bombings at churches and hotels in Sri Lanka rose past 200, police and local media said.

“Altogether we have information of 207 dead from

all hospitals. According to the information as of now we have 450 injured peop

le admitted to hospitals,” Police Spokesman Ruwan Gunasekera told reporters in Colombo.

Altogether eight explosions have ripped through the country so far, with six blasts hitting in t

he morning and two in the afternoon. The curfew has been imposed from 6 pm Sunday to 6 am local time on Monday.

The Morning explosions occurred when hundreds of worshipe

rs gathered at churches to commemorate Easter Sunday, the police said.

Police spokesperson SP Ruwan Gunasekara said two explosions were reported fro

m St. Anthony’s Church in Kochchikade in capital Colombo and another church in Katana on the outsk

irts of the capital; a third explosion was reported from a church in Batticaloa in the east.

hbLumei.com

Television footage also showed blasts in three hotels

the Cinnamon Grand, Shangri-La and Kingsbury hotels in the capital, which occurred following the church blasts.

2 more explosions hit Sri Lanka

A Sri Lankan military spokesman has confirmed two more explosions just outsi

de the capital, hours after six nearly simultaneous blasts rocked churches and luxury hotels.

The spokesman, Brig. Atapattu, says a 7th blast occurred at a guestho

use in Dehiwala, killing at least two people. Atapattu says an 8th blast occurred in Dem

atagoda on the outskirts of Colombo. He did not have details on the Dematagoda blast.

7 suspects have been arrested

State Minister of Defense Ruwan Wijewardene says seven suspects have been arrested.

Security has been beefed up across the countr

y. Wijewardene said all necessary precautions had been taken to keep citizens safe.

“As a government all necessary action will be taken agains

t any extremist group that is operating in our country,” Wijewardene said.

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Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

zzyosj.cn

A PLA Navy carrier battle group sails in formation. en active in

The Chinese People’s Liberation Army Navy has been active in pr

oviding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more th

an 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 officers and soldiers to escor

t over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countries and regions and provided free medical servi

ces to over 230,000 people, Qiu said.Under the current IPO system, new shares are subject to approval from t

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