>> The idea of setting up such a museum came to Kang wh
en he visited a museum of broken relationships in Chengdu, capita
l of Southwest China’s Sichuan province, with two friends in January. They tho
ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.
They acted fast and opened the museum after three months’ preparation.
The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who
ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.
China has several museums of broken relationships now, in Nanjing, Chen
gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.
China’s consumer price index (CPI), the main gauge of inflation, gr
ew 2.5 percent year-on-year in April, the National Bureau of Statistics (NBS) said Thursday.
The reading, in line with market expectations, accelerated from the 2.3 percent gain in March and 1.5 percent in Febru
ary. On a monthly basis, consumer prices edged up 0.1 percent, compared with the 0.4 percent drop seen a month earlier.
NBS official Dong Yaxiu attributed the rise to higher prices of vegetables, pork and fruit, which ros
e 17.4 percent, 14.4 percent and 11.9 percent, respectively, from the same period last year due to tighter supplies.
Food prices, which account for nearly one-third of weighting in China’s CPI, went up 6.1 percent year-on-year.
Meanwhile, China’s producer price index (PPI), which measures inflation at the factory gates, rose
0.9 percent year-on-year last month, up from the 0.4 percent gain in March that showed improving market demand.
multilateral trade agreements, saying that Chinese people value a promise as much as tons of gold.
China pays close attention to building a law-based government, abolishing improper r
ules, subsidies and activities that undermine fair competition and treating all enterprises equally, Xi said.
The president highlighted building infrastructure of high quality, sustain
ability, risk resilience, reasonable pricing, inclusiveness and accessibility under the Belt and Road Initiative.
Infrastructure is a bottleneck in the development of many nations
, Xi said, and building infrastructure can help countries give full play to their ad
vantages in resources and better integrate into the global supply, industry and value chains.
Xi called on countries to uphold multilateralism, promote green devel
opment and fight corruption with zero tolerance in the process of building the Belt and Road.
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.
cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.
Financial policies are required to further support small and private companies, and fun
ding through the capital market is supported by the authorities, according to the statement.
The central bank had skipped open market operations for 15 conse
cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste
m” was the main reason for the absence of open market operations, according to a statement from the central bank.
To cut or not to cut the RRR, a strong tool for liquidity adjustm
ent, has become a hot topic since April, not only for investors, but also for policy advisers.
Divergent opinions are spreading among a broader group of market observer
s. The market is trying to get more indications from the monetary authority, although the C
hinese central bank barely sends any hints on possible monetary policy operations before taking action.
ecially the development of the tourism sector, a pillar industry of China.
In fact, after the four-day holiday was announced on March 22, tourism-related stocks rose sharpl
y. Also, the number of tourists and tourism revenue during May Day holiday this year are set to increase by ab
out 8 and 9 percent year-on-year, respectively, according to China Tourism Academy.
But the actual number of holidays has not increased because April 28 and
May 5 being Sundays are make-up working days. And since there is a debate on whether t
he government should put people’s demand for longer holidays above economic development, the four-day hol
iday without reducing the number of working days will help the government and companies to strike a balance bet
ween maintaining economic development and meeting people’s need for longer holidays.
But why do Chinese people crave for longer holidays? They do so be
cause some employers, especially in some underdeveloped regions, have not given (or
have been reluctant to give) the paid leave to their employees. Besides, national holidays put