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arch institute to accelerate the development of new apparatuses for underground detection that could reduce interference from human activity.
“We will also explore carrying out observational experiments
in wells from hundred of meters to 1,000 meters deep, and through scientific drilling that will p
enetrate active earthquake faults to gain more information about underground structures,” he said.
Currently, 13 countries have been involved in the project, includ
ing Russia, Egypt and Algeria, and 17 domestic research teams, including one from U
niversity of Science and Technology of China, have started research on the site, Zheng noted.
tion equipment, support for outdoor observation and data sharing services”, he said.
tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.
ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav
e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp
loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”
Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan
ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns
15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.
Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c
onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.
In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as
sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
two local farmers who simply buried it and caused severe environmental degra
dation, according to a local court verdict reached in January of 2017. The company w
as fined 1 million yuan ($148,850), and two senior executives were given suspended jail terms.
In July 2017, a local environmental watchdog fined the company 280,000 yuan for va
rious violations including misconduct in hazardous waste management.
Hazardous waste could potentially be radioactive, toxic, highly corrosive or otherwise ha
rmful to people and the environment. Therefore, these materials require special treatment.
At a news conference in late March, Qiu Qiwen, head of the sol
id waste and chemicals management department of the Mini
stry of Ecology and Environment, said that the proper treatment of hazardous waste and other solid
waste is of great significance as it’s fundamental to improving air, water and soil quality.
Qiu’s department was newly established in the ministry’s latest institutional reshuffle in the second h
alf of last year — a move meant to strengthen governance over hazardous waste treatment.
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