These high net worth individuals each possess inve

Meanwhile, 79 percent of the Chinese high net worth individuals polled said they are optimistic about their inves

tment returns for the next six months, while the average number was 62 percent in the North Asian markets.

Despite the fact that the benchmark Shanghai Composite Index sh

ed nearly 24 percent in 2018, 67 percent of Chinese participants said they will increase their inv

estments in the stock market in the next six months, much higher than the 51 percent registered in North Asia on average.

UBS found that cash still makes up about 30 percent of the investmen

t portfolios of Chinese high net worth individuals, which is the lowest among all surveyed Asi

a-Pacific markets, and even lower than the global average of 32 percent. Although China’s number is relatively lo

w, it is comparatively one of the most significant parts of the investment portfolios of high net worth individuals.

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This topic has gone viral among Chinese netizens, an

d turned into a red-hot search item on Sina Weibo, China’s equivalent to Twitter.

The gross output value of the Chinese snack industry has reached 2.22 trill

ion yuan, according to a report released in December by the Circulation Industry Pro

motion Center, which is affiliated with the Ministry of Commerce.

Online e-commerce has accelerated the market penetration rate of snack food, cultivating and promoting purchasing habits of

customers, the report said, adding that snacks accounted for nearly 30 percent of the total online food sales.

A total of 15 tons of mahua (fried dough twists) and 10,769 pieces of subing (crispy cookies) sold out

in just four days. An 8-year-old snack company predicted its revenue would top 10 billion yuan this yea

r. All these have shown China’s snack industry is developing at an unprecedented speed.

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President’s Russia visit eyes global stabilitys talks with his

President Xi Jinping’s upcoming visit to Russia reflects close cooperation between China and Russia,

which is important to maintain the stability of the international community amid rising uncertainties, analysts said.

Xi will make a state visit to Russia from June 5 to 7 and attend the 23rd St. Petersburg

International Economic Forum, Foreign Ministry spokesman Lu Kang announced on Wednesday.

The trip is part of the annual exchange of visits between the two countries’

heads of state, after Russian President Vladimir Putin attended the Second Belt and Road Fo

rum for International Cooperation in Beijing in April and had talks with Xi on the sidelines.

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envisions cooperation on big dataXi said inthe

President’s message calls for tackling legal, security, governance challenges

President Xi Jinping called on Sunday for strengthened cooperation among countries to explo

re opportunities of digital, internet-based intelligent development and to properly address le

gal, security and governance challenges arising from big data industry development.

He made the remarks in a congratulatory letter to the China Internati

onal Big Data Industry Expo 2019, which kicked off in Guiyang, Guizhou province.

The new generation of information technology, represented by the internet, big data an

d artificial intelligence, is booming at present and has significant and profound influence on various cou

ntries’ economic development, social progress and people’s lives, Xi said in the letter.

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China’s GDP reached 21.34 trillion yuan in the first three

months of 2019, up 6.4 percent year-on-year, according to data released by the National Bureau of Statistics.

Xinjiang is the last province to release its local GDP figures. During the

first quarter, Xinjiang’s GDP reached 217.77 billion yuan, up 5.3 percent year-on-year.

In terms of GDP growth rate, a total of 17 regions saw their GDP numbers exceed the “nation

al line” of 6.4 percent. Among them five came from the eastern region and six each from central and western areas.

All the top three came from China’s western area. Yunnan province posted the fastest

growth rate of 9.7 percent year-on-year, followed by Guizhou (9.2 percent) and Tibet (9.1 percent).

The bottom three are Jilin province, Tianjin municipality and Heilongjiang pro

vince, Jilin province, with a growth rate of 2.4 percent, was the weakest performer.

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Mainstream will prevail in EU electionsballoon depicting the

Mainstream political groups will continue to dominate in elections to the European Parli

ament this week but probably will lose some seats to nationalist and far-right parties, analysts predict.

“There is no fear for the solidity of the EU-decision-making system”, said Sven Biscop, director of the Euro

pe in the World Program at the Egmont-Royal Institute for International Relations, a think tank based in Brussels.

But he urged “those who favor the European project” to not be complacent, as the rise of

populist and far-right parties has already become a major concern for the EU and its member states.

About 400 million people from the EU’s 28 member countries – includi

ng for now the United Kingdom – are eligible to vote in polls to be held from Ma

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We believe that these things are major issues of prin

ciple. So every country has important principles, and we absolutely c

annot make concessions on such issues of principle,” the vice-premier said.

Liu, however, added that he hoped both sides would exhibit flexibility in the talks.

He refuted the criticism of the US side that China reneged on its promises in the draft trade text.

“We believe that it is only natural to have changes before a final deal; it is something that surely occurs in the process, so we

don’t think the Chinese side has back-walked,” he said, adding that he disagreed with the wording of “renege”.

“We just had differing views on how to phrase some things in t

he text, and we hope to resolve it, so it’s unnecessary to overreact to the issue,” he said.

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The aircraft, a Sukhoi Superjet 100 from Aeroflot Russ

sian Airlines, was bound from Moscow for Murmansk in Russia’s far north.

It made an emergency landing at the airport shortly after takeoff with 73 passengers and five crew members aboard.

The aircraft circled before making a hard landing back at the airport after the crew issued a mayday alert.

As seen in CCTV footage, the plane touched down hard and skidded along the runway, spewing out plumes of black smok

e and nearly completely afire. The plane’s undercarriage collapsed as it slowed to a halt on the tarmac.

Yelena Markovskaya, spokeswoman for the Moscow interregional tr

ansport investigation department of the Investigative Committee of the Russian Fed

eration, said on Monday that 37 people survived, including four crew members.

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Valid reports showing rabies antibody test results b

authorized laboratories are needed for pet dogs or cats ent

ering China from countries or regions that are not on the approved list.

As of April 19, the administration had authorized 62 laboratories in 37 countries to conduct the antibody tests.C

ongressional Democrats stepped up pressure on President Donald Trump’s administration on Thursday as US H

ouse of Representatives Speaker Nancy Pelosi accused Attorney General William Barr of committing a crime and an

influential committee chairman threatened to hold Barr in contempt of Congress.

For seeing-eye dogs, listening-ear dogs and sniffer dogs bearing valid

electronic chips, quarantine can be waived if they can pa

ss on-site checks and their carriers can produce user certificates and professional training certificates.

In other circumstances, pets entering China are subject to a 30-day quarantine in designated areas.

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Investment spurs BRI countries’ growthTwo-way investment

tween China and economies related to the Belt and Road Initiative ex

ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela

ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday.

China’s direct investment in BRI-related countries grew by 5.2 percent a

nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia

l in the Ministry of Commerce’s Comprehensive Department, said at a news conference.

Song said that in the same period, China had received a total of

$40 billion in inbound investment from BRI countries as two-way investment deepened.

Within the five years, the value of the projects completed

by Chinese companies in BRI economies amounted to $400 billion, Song said.

The value of trade in goods between China and BRI-related economies exceeded $6 trillion in the same period, an av

rage annual growth of 4 percent, higher than the overall growth of China’s foreign trade, he added.

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