ment bond issuance or implement more tax cuts, Economic Information Daily reported Wednesday, citing the Chinese Academy of Social Sciences.

A total of 2.61 trillion yuan ($386.46 billion) of bond quota was unused by the end of 2018, accounting for 14.1 percent of total local debt, the academy said in a report.

This means China can extend bond issuance, or undertake 14 percent of tax and fee cuts.

The debt balance stood at 18.39 trillion yuan at the end of last year, well below the official ceil

ing of 21 trillion yuan, and accounting for 109 percent of total fiscal revenue of local governments.

In 2018 local authorities raised a total of 4.17 trillion yuan through bond issuance, down from 4.36 trill

ion yuan in 2017, according to the Ministry of Finance. The local debt ratio was 76.6 percent last ye

ar, significantly lower than the international warning line of 100-120 percent.

Last year local governments’ implicit debt risk was controlled effectively, however, the total debt level was still huge, the academy said.

In 2018 new explicit debts rose 13.5 percent to 2.18 trillion yuan, while the in-balance-sh

eet interest payment reached 734.5 billion yuan, with a 17.1 percent growth rate, about 2.75 times that of fiscal revenue.

A rapid increase in interest payments put pressure on future fiscal guarantees and service capacity, the academy added.

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nger the prerogative of the US and Russia. Apart from the US, Russia and China, India too has worked out an ambitious plan to put astronauts in space by 2022.

Constantly improving manufacturing and new material technologies have remarkably reduced the cost of space launches. The pr

ivate US company Space X has successfully launched recoverable rockets, and its launch cost per kilogram payload has fallen below $2,000, one-ten

th that of a space shuttle launch. And for China and India, the cost of one rocket launch is less than $5,000 per kg.

Another major change helping space exploration is the advancement in 3D printing technology, which now allows astr

onauts to produce parts and components in the International Space Station and thus reduces the number of sup

ply vehicle launches. 3D printing will play a big role in the construction of a permanent space station on the moon.

These technological advancements have propelled a new wave of space fever ac

ross the world. While US President Donald Trump has reactivated the space ex

ploration program that aims to land humans on Mars by 2033, private space companies such as Space X and Blue Ori

gin have used advanced technologies to their full advantage to move ahead in the space race.

For China, building a permanent space station and a rocket launch platform on the moon will

be critical to advanced space exploration. Actually, China is moving closer to fulfilling that objective.

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circulation industry development, said online sales have become an important engine to stimulate domestic spending and i

mports. “Durable consumer goods with high-tech features and branded foreign products have huge commercial potential,” Zheng said.

Chinese e-commerce giant JD reported robust sales between Feb 3 and Friday, with sales revenue jumpi

ng 42.74 percent year-on-year. Smartphones, computers and home appliances were the top three items on JD in terms of sales value.

Chinese consumers tend to buy high-quality and diversified products, the comp

any said. Kitchenware sales posted the strongest growth — 399 percent year-on-year. That was followed by furniture and

luggage, with their respective sales revenue up 185 percent and 148 percent, JD reported.

China UnionPay, the country’s largest bank card operater by market share, saw its total transaction volume over the ho

liday period reach 1.16 trillion yuan, jumping 71.4 percent year-on-year, the company said on Monday.

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Meanwhile, a slump in population increases and growing aging populations will become a ke

y factor dragging down economic growth in developed countries and some developing countries.

The global population is predicted to rise from 7.35 billion in 2015 to 8.89 billion in 2035 and 9.77 billion in 2050. The pr

oportion of the aging population is expected to rise from 8.3 percent in 2015 to 13 percent in 2035 and 15.8 percent in 2050.

Over the next 15 years, global economy is expected to trend more toward multipolarity. By 2035, developing co

untries’ GDP will surpass developed economies’, contributing nearly 60 percent in global economy and investment.

The focus of global economic growth will shift from Europe and the United States to

Asia and extend to other developing countries and regions, the center added.

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The region to the north of Beijing’s Fifth Ring Road is dominated by Tiantongy

uan, an enormous neighborhood reputed to be the largest residential area in Asia that houses approximately 700,000 people.

The area, which is home to more than 3 percent of the city’s population, mainly migrant work

ers, is nicknamed “Sleeper Town” because a lack of amenities and entertainment facilities mean most of the residents only go there to rest.

Located at the end of subway line 5, a major route connecting the downtown to the northern

suburbs, Tiantongyuan attracted its huge population as a result of its low property prices and relatively convenient location.

However, its dilapidated condition is a major headache for the city and the area faces a ho

st of problems, including a lack of infrastructure, both social and industrial, allied to heavy traffic congestion.

Priced at 2,650 yuan per square meter in 1999, Tiantongyuan was built to provide affordable housing

. Nearly 20 years later, property prices in the community have risen more than fourteenfold to 38,000 yuan ($5,600) per sq m.

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SEOUL, South Korea — South Korea and the United States struck a new deal Sunday that increases Seoul’s contribut

ion for the cost of the American military presence on its soil, overcoming previous fai

led negotiations that caused worries about their decades-long alliance.

The development comes as President Donald Trump is set to hold his second summit w

ith North Korean leader Kim Jong Un in Vietnam in late February.

South Korea last year provided about $830 million, covering roughly 40 percent of the cost of the deployment of 28,

500 U.S. soldiers whose presence is meant to deter aggression from North K

orea. Trump has pushed for South Korea to pay more.

On Sunday, chief negotiators from the two countries signed a new cost-sharing pla

n, which requires South Korea to pay about 1.04 trillion won ($924 million) in 2019, Seoul’s Foreign Ministry said in a statement.

The statement said the two countries reaffirmed the need for a “stable” U.S. mili

tary deployment amid the “rapidly changing situation on the Korean Peni

nsula.” The ministry said the U.S. assured Sou

th Korea that it is committed to the alliance and has no plans to adjust the number of its troops in South Korea.

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Border inspection agencies across China have seen more th

an 12.5 million entry and exit trips made during the week-long Spring Festival holiday that started Mo

nday, an increase of nearly 11 percent than that of last year, the National Immigration Administration (NIA) said Sunday.

Inbound trips exceeded 6.22 million, rising by about 9.5 percent than the figure of 2018, wh

ile outbound trips increased by nearly 12.5 percent to over 6.31 million, according to the NIA.

Over 7.22 million entry and exit trips during the holiday were made by mainland residents for personal p

urposes, including traveling and visiting family members, growing by nearly 16 percent year on year.

Destinations visited most included Thailand, Japan, Vietnam, the Republic of K

orea, Singapore, Malaysia and the United States, as well as Hong Kong, Macao and Taiwan, the NIA said.

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Moscow in January 28 (xinhua) 28 (reporter liu Yang) Russian police annou

nced that it had uncovered in Moscow the day before the national season, denis polyakov gallery of art th

eft, and capture, a 31-year-old male suspect stolen paintings were retrieved intact.

According to local media reports, a famous stolen pain

ting is a famous Russian painter al heap, because of the Cri

mean Mr Petri peak.27, a man from Moscow state column season denis polyakov gallery to remove the m

asterpieces in public, and then quietly left the scene.Gallery announced that the painting was stolen and later the police.

Interior ministry spokesman said irina volk 28, a

suspect in the interior and the federal security service (FSB) were arrested in the raids.The police, ac

cording to his account from Moscow on the outskirts of a construction site to find the stolen paintings of intact.

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  Tencent sports on January 30-2018-19 season CBA season 37 wheel, jiangsu suzhou candy a

nd sat at home against BeiKong.Candy and pre-emptive 13-3 start.Then Ken,

and gradually expand the leading edge, always sta

y in around 20 points lead in the second half.Final match, suzhou, jiangsu

province, and in a 113-11

3 victory over the BeiKong, winning three straight to opponent ten burnley at

the same time.”The CBA project”

  This data

  Match rebounds 57-41 was dominant, assists 31-15 candy and leading, and

error control in 17-12 BeiKong do better, shootin

g 52% 33% higher, 10 of candy and 26 three-point shots, 6 BeiKong 32 shots,

candy and the ratio is higher.

  Player data, candy and five players in double figures, and Dudley was 19

points, 5 rebounds, hong-fei shi 15 points, five assists,

Sloan 14 points and 4 rebounds and 6 assists, Wu Guanxi 14 points and 13

rebounds, li yu 12 points and 13 rebounds.

  BeiKong aspects only 3 players in double figures, Robinson 17 points and 14 rebounds,

16 points, beam Zhang Minghao 12 points and 3 rebounds, Laredo only 9 points

and 4 rebounds, 7 assists.

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Overseas Chinese were attentive to the speech of Chinese President Xi Jinping at

the festival reception held in Beijing on Sunday, sp

eaking highly of China’s achievements in the past year and expecting a brighter future.

“In the past year … we have made efforts and achieved a lot,” Xi said at the Great Hall of the People in Beijing ahead of the Spring Festival.

Xi, also general secretary of the Communist Party of China (CPC) Central Committee an

d chairman of the Central Military Commission, extended greetings to Chinese nationals of all ethnic groups, compatr

iots in Hong Kong, Macao and Taiwan, and overseas Chinese on behalf of the CPC Central Committee and the State Council.

Ren Limin, president of the Association of Chinese Residents in France, said he is proud of China’s fast development under the leadership of the CPC.

China has achieved a tremendous transformation in the past several decades, growing rich and becoming stronger, Ren said.

“In France, the overseas Chinese are paying close attention to the development of our motherland. We wish our motherland a better future,” he said.

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