China's Shandong sees growing trade with African countries

10:55, October 05, 2019

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  China sees stronger trade, investment ties with BRI countries

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  China's logistics sector continues to grow

  Employees of Suning Logistics work at one of its logistic facilities in Shanghai in September, 2018. (Photo provided to chinadaily.cm.cn)BEIJING - Chinas logistics industry continued to post steady growth in the first eight months of this year, official data showed.The total value of social logistics in the January-August period grew 5.8 percent year-on-year to 188.6 trillion yuan (about $26.7 trillion), according to the China Federation of Logistics and Purchasing (CFLP).The growth rate was down 1.1 percentage points from the same period last year.In the first eight months, total logistics costs came in at 8.9 trillion yuan, up 7.8 percent year-on-year.Although logistics sector is facing downward pressure, the industry has maintained stable growth momentum, said He Hui, head of China Logistics Information Center.Earlier data showed the Logistics Performance Index stood at 50.9 percent in August, down from 51.1 percent in July but still in the expansionary territory.A reading above 50 percent indicates expansion, while that below it reflects contraction.

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  A stronger China; a more responsible country

  (Photo: CGTN)During a grand celebration held on October 1 in Beijing to mark the 70th anniversary of the founding of the Peoples Republic of China (PRC), Chinese President Xi Jinping delivered a short but important speech.While recognizing late Chairman Mao Zedongs proclamation of PRCs establishment 70 years ago heralded the ending of miseries and hardships experienced by the country as well as the beginning of a great revival of the Chinese nation, President Xi Jinping also paid respects to the revolutionary forerunners and martyrs who have made great contributions for the countrys independence, development and prosperity as well as overseas Chinese and foreign friends for their help and support during the years.According to the President, based on the outstanding achievements made during the past seven decades, China has become a strong socialist country that can withstand any challenges and overcome any obstacles along its way to greater success.The main part of Xis speech focuses on four guidelines for the countrys future development. The first two focus on Chinas domestic issues and the other two are about its vision and role on the international stage, the aim of which is to build China into a stronger socialist country and a more responsible major country in a fast changing world. How should these guidelines be understood?The first one states: To achieve greater progress and satisfy peoples increasing needs for a better life, we must adhere to the leadership of the Communist Party of China (CPC), ensure the position of the people as masters of the country, maintain the socialist system with Chinese characteristics and implement the CPCs basic theory, basic line and basic policy.It means that the CPC has remained true to its original aspiration and kept its mission firmly in mind, namely, it has united and led the nation to overcome numerous difficulties and produced a great number of miracles: It has stood up, grow...