major platforms for them to learn about the outside world. They also l
ike to use social networking platforms such as Pinduoduo and WeChat, on which they can bu
y products, socialize with friends, learn about the latest fashion trends and make purchases, Yu said.
“For example, Pinduoduo asks consumers to invite friends to join the platform, to help r
educe prices, which can be a good way of obtaining new customers and retaining them,” he said. “C
onsumers also like purchasing activities that can strengthen connections with friends.”
Sun said that because they face less work pressure and shorter commuting time, small-town youths have more free time com
pared with their peers in big cities. They mainly spend this time online or getting together with friends.
Some 88.7 percent of small-town youths surf the internet, 80.6 percen
t hang out with friends, and 60 percent watch movies, according to Sun’s report.
pillars of the initiative are important. The most and best (part) of it, I think, is connectiv
ity and inter-culture exchange, sustainable development agenda, and knowledge transfer.
China is the biggest market in the world. We have enough resources in our country. We want our p
roduct get access to the market and we also want to live in good infrastructure, such as roads, railw
ays, schools, hospitals. I also hope knowledge of China come to our country. We have sea access, and good infra
structure can help our country and neighboring countries get access to the Maritime Silk Road.
China has become the second-largest investor of our count
ry in the past 10 years. It’s investing infrastructure, mining
and agriculture. We have Confucius Institute, facilitate Chinese and Portuguese learning. The Belt and Road
Initiative helps Mozambique boost its industrialization, technology and finance.
Photos have been released of China’s first domestically manufactured aircraft carrier on its recent fifth sea trial.
The trial tested the carrier’s command and control system and battle performa
nce, with the vessel completing tests of its mooring, power, battle and security system.
Unmanned convenience stores, vending machines, mobile payment…thanks to the latest technology, shopping has become even more effortless.
But shopping experience will go further than that: an eye-catching robot in Xi’an, Northwest China’s Shaanxi province, has hit the streets selling drinks and ice creams.
Powered by 4G networking and artificial intelligence, the human-shaped robot, Mr Doer, offe
rs ice creams and drinks on its own. The robot can also recite adapted poems or even dance to attract customers.
The China Conservation and Research Center for the Giant Panda in Wolong National Nature Res
erve in Sichuan province said on Wednesday it had started rebuilding a fence where a visitor had touched a panda cub.
It was making the fence higher so that visitors cannot reach the pandas
and it asked visitors to keep away from the animals. It asked them to refrain from climb
ing over the fence and from feeding or touching the pandas, said Wang Jisi, an information officer at the center.
On April 7, a woman surnamed Han said in social media that she and som
ebody else had managed to touch a panda cub without the consent of the center.
top legislature recently passed the Foreign Investment Law, which says China will gradually shorten the negative list fo
r foreign investors to increase inbound foreign investment. This, together with Italy’s policy to welcome Chin
ese investment, is expected to help the two countries take more measures to boost investment cooperation.
Sino-Italian friendly exchanges have a long tradition, and the prospects for deeper bilateral cooperation are bright. This ye
ar marks the 15th anniversary of the establishment of the Sino-Italian comprehensive strategic partnership, and in 2
020 the two countries will celebrate the 50th anniversary of the establishment of their diplomatic relations.
Therefore, the two sides should synergize their development strategies and tap the potential for further bilateral cooperation. They should also strengthen bilate
al macroeconomic policy coordination under the frameworks of G20, World Bank, Asian Development Ban
k, Asian Infrastructure Investment Bank and other multilateral mechanisms, and help maintain the rule-based multi
lateral trading system and jointly promote global governance reform apart from deepening Sino-Italian and Sino-EU relations.
online news service focusing on China’s mobile payment industry, said to Securities Daily he
expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha
re of consumption as possible, as consumers incrementally wade farther into cashless payments.
Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym
ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.
In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b
illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro
m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.
By the end of 2018, a total of 424 commercial banks and 115 payment institutio
ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.