China Daily - 14 March 2024.pdf
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1、THURSDAY,March 14, RMB2Xi Jinping the reformerBy XINHUAChinese leader Xi Jinping has sounded the clarion call for reform during the countrys annual key political season,dispelling con-cerns about whether Chinas reform is“stagnating”,or its economy is“losing steam”.“We must plan major moves to deepen
2、 reform to inject strong impetus into promoting high-quality development and advanc-ing Chinese modernization,”President Xi said at the annual ses-sions of Chinas top legislature and top political advisory body,or the“two sessions”,which wrapped up on Monday.Since Xi took the top office more than a
3、decade ago,China has entered a“new era”.The countrys economic strength has grown,and its international influence has continued to rise.Reform is the hallmark of this era.In the face of a myriad of challenges,China is now in a critical period for accelerating reform.Reform will not stop,opening-up wi
4、ll not ceaseXi is regarded as another out-standing reformer in the country after Deng Xiaoping.The two leaders faced the same mission to modernize China,but against strikingly different backdrops.When Deng launched the reform and opening-up drive in the late 1970s,Chinas per capita GDP was only abou
5、t$200.His push for reforms started almost from scratch.In 2012,when Xi was elected general secretary of the Commu-nist Party of China Central Com-mittee,China had become the worlds second-largest economy,with a per capita GDP of over$6,000.But growth was shifting gears and many advantages,including
6、the once-low labor costs,had started to diminish.Instead of resting on the laurels of his predecessors,Xi was committed to carrying on the reform,and he knew how hard it would be.“The easy part of the job has been done to the satisfaction of all.What is left are tough bones that are hard to chew,”he
7、 said.Over the past decade,more than 2,000 reform measures have been rolled out,enabling the country to eliminate extreme poverty,promote integrated urban-rural development,fight corruption,support businesses,boost innovation,and push forward a“green revolution”.With the reform measures,the Chinese
8、economy has not only sus-tained robust growth but also more than doubled since 2012,cementing the countrys global status as a major growth contributor.People read at the China-themed section of the London Book Fair,which opened on Tuesday at the Olympia Exhibition Centre in London,United Kingdom.Aro
9、und 50 Chinese publishers are showcasing more than 3,200 titles at this years book event,which is scheduled to run through Thursday.OUYANG KAIYU/CHINA NEWS SERVICEReading about ChinaMore policies set to back property sectorBy LIU ZHIHUA and LIU ZIZHENGChina is expected to roll out more policies to s
10、upport the financing of real estate developers while improving the effects of policy implementation,amid increased efforts to improve their liquidity,thereby boosting the healthy devel-opment of the real estate industry,experts said on Wednesday.They made the remarks as the share prices of Chinese p
11、roperty developer China Vanke Co declined 3.1 percent on the Shenzhen bourse and 3.49 percent on the Hong Kong bourse at the close of trading on Wednesday.The slump in Vankes stocks came after rating agency Moodys Ratings on Monday downgraded the developers credit rating from Baa3 to Ba1,junk territ
12、ory.Experts said they believe China will continue to defuse property sector risks in a steady and orderly manner with market-oriented measures,after the authorities recently issued a series of policies to support real estate in terms of both supply and demand.“Chinas housing market is expected to en
13、d its three-year downturn and gradually pick up in the second half of this year,with real estate risks and their spillover effects effectively controlled,”said Wang Qing,chief macroeconomic analyst at Golden Credit Rating International.Wang added that ample policy space remains for China to reduce h
14、ome purchase restrictions and lower mortgage rates.“The country will likely not only continue to cut the over-five-year loan prime rate,a benchmark inter-est rate commercial banks use for long-term lending,but also lower the floor on mortgage rates for first-time and second-time homebuyers,”he said,
15、adding that this will be a key move in terms of improving market confidence and ensuring the soft landing of the property market.Chinas central bank lowered the five-year loan prime rate by 25 basis points to 3.95 percent on Feb 20,the biggest cut in recent years.For most homebuyers who have a long-
16、term mortgage,the LPR cut will directly reduce their repayment costs.Together with the accelerated deployment of the coordination mechanism for urban real estate financing,the financial situation of housing companies,especially pri-vate ones,will be greatly improved in the short term and their timel
17、y delivery of property projects can be further ensured,Wang said.According to the Ministry of Housing and Urban-Rural Develop-ment,a total of 276 cities in 31 pro-vincial-level regions across China had established real estate financ-ing coordination mechanisms as of the end of last month.In addition
18、,the number of property projects that are eligible for financing sup-port had reached about 6,000,the ministry said.Wang Xingping,senior analyst of corporates at Fitch Bohua,said that financing support from the policy side is relatively strong.However,actual execution of policies is not up to the ma
19、rk,and the key to resolving financing diffi-culties still lies in the effective implementation of related policies,she said.As for Vanke,some Chinese media have reported market spec-ulation that a group of commer-cial banks are raising money in loans to assist its repayment of maturing bonds.Vanke,h
20、owever,did not comment on the reports.Lou Feipeng,a researcher at the Postal Savings Bank of China,said that strong policy support in terms of developers financing will help reduce the liquidity stress on them.In addition,Vanke has opti-mized its regional and manage-ment structures to enhance operat
21、ional efficiency,and it suc-cessfully repaid a substantial debt as scheduled on Monday.That will help alleviate market concerns about its liquidity and boost investor confidence,Lou said.Chai Hua in Hong Kong contributed to this story.Contact the writers at Healthy lifestyles urged as nations obesit
22、y rates climbBy WANG XIAOYUWith obesity rates in China climbing fast,especially among youngsters,experts have called for improving awareness about healthy lifestyles and strengthen-ing treatment of the disease.Worldwide,the obesity rates for adults more than doubled between 1990 and 2022,and quadrup
23、led among children and adolescents,according to new study results released by the medical journal The Lancet.The total number of people living with obesity has sur-passed 1 billion globally,according to the Lancets analysis,released ahead of World Obesity Day,which fell on March 4.The growing burden
24、 of obesity has deeply affected China,as the proportion of female adults con-sidered obese jumped around fourfold,while the proportion of male adults who are obese surged elevenfold.In 2022,the rate stood at 7.8 percent for Chinese women and 8.9 percent for Chinese men,according to the study.Obesity
25、 is more prominent among younger people in China.The countrys obesity rate for girls increased from 0.6 percent in 1990 to 7.7 percent in 2022,and rose from 1.3 percent to 15.2 percent in 2022 for boys,the study found.“It is very concerning that the epidemic of obesity that was evi-dent among adults
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