than 150 countries, including 37 heads of state or government, for the thre
e-day event starting on Thursday, Wang said, adding the forum, themed “Belt and Road Coop
eration: Shaping a Brighter Shared Future”, aims to bring about high-quality cooperation under the initiative.
President Xi Jinping will deliver a keynote speech at the op
ening ceremony of the forum, and chair the leaders’ round-table summit, Wang said.
Saying the BRI has delivered real benefits to participating countries, Wang stated the hats like “debt traps” cannot be put onto t
he head of the Belt and Road, and this is not something any participating country would recognize.
He added that international communities should base their understandings and comments about the BRI on the facts.
Trade volume between China and the countries participating in the B
RI has exceeded $6 trillion, the number of investment is over $80 billion and arou
nd 300,000 jobs have been created for the people from the countries involved in the initiative, Wang said.
China and the United States have made new progress in negotiating the text of an econom
ic and trade deal, but much work remains to be done, the Ministry of Commerce said on Thursday.
Negotiating teams from the two countries are hashing out the text of the deal, including
an enforcement mechanism, on the basis of mutual respect and benefit, said Gao Feng, ministry spokesman.
The remarks came as the world’s two biggest economies have been i
ntensifying their consultations and aiming to break the deadlock in a timely manner.
In the most recent round of trade consultations, the negotiators discussed technolo
gy transfers, protection of intellectual property rights, nontariff measures, the service sector, agriculture, tra
de imbalances and enforcement mechanisms, according to earlier reports.
The American Chamber of Commerce in China said in a recent white paper that the US business commu
nity in China, long an advocate of good bilateral relations, can no longer be relied on to be a positive anchor.
m in which airborne particulate matter is present. The lower the ceilin
g is, the higher the density of pollutants which then mix with the cleaner air.
With a low mixing layer, Taihang mountain range to the west and the Yanshan mountai
n range to the north serve as walls that form a semi-closed “room” in the Beijing-Tianjin-Hebei cluster.
The high level of emissions is the major reason for air pollution in th
e greater Beijing area, and meteorological conditions also play a key role as an exte
rnal factor, said Xu Xiangde, a researcher at the Chinese Academy of Meteorological Sciences.
Zhang Xiaoye, Xu’s colleague, said the “marked effect” of continuous pollutant accu
mulation on meteorological conditions could make overall pollution even worse.
“After the accumulation reaches a certain level, it will further wor
sen the meteorological conditions, which then will further affect air quality, causing explosive
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.