ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”
Raffarin was appointed special envoy on China affairs by French President Emmanuel Mac
ron. He pointed out that it is not pragmatic to have an agreement about every industrial sector, because, as sovereig
n states, both countries need to protect the interests of their own businesses and industries.
“It’s easier to go project by project, and, after some experience, we can add a larger vision,” Raffarin said.
His comments came after Italy signed a BRI memorandum of understanding with China during
Xi’s visit to Rome last week to become the first G7 country to join the global infrastructure plan.
According to China’s Ministry of Commerce, from January to November 2018, China’s direct investment in France reached $330 mil
lion. China’s growing investment in Europe has prompted concerns in the West, which Raffarin thinks are misplaced.
ping via livestreaming services could completely and truly demonstrate the detailed infor
mation of overseas products to domestic consumers, and have gained wide popularity with the younger generation.
Zeng added that the consumers’ demands have become more p
ersonalized and diversified. “They have higher requirements for high-quality and cost-effe
ctive products, which brings out huge opportunities for cross-border e-commerce industry.”
It is noteworthy that the post-90s generation favor niche
and designer brands, and also are addicted to livestreaming videos, Zeng said.
Founded in 2010, Ymatou is a consumer-to-consumer or C2C marketplace engaged in cross-border e-commerce.
By the end of the second quarter in 2018, the site had about 50 million users and hired more than 60,000 overseas buyers in 83
countries including the United States, the United Kingdom, Japan, South Korea and Australia.
Every morning, dozens of students from Myanmar walk hand in hand across the border into China’s Yunnan province.
There, they are led by patrol officers to Yinjing Frontier Primary School. After school, as they are escorted to the border insp
ection station, they wave, tell the officers goodbye and return to their homes in Myanmar.
The students attend the first frontier primary school in China. Loca
ted in Yinjing village in the small border city of Ruili in Yunnan province, the school has 36 My
anmar students and 99 Chinese students. Founded in 1960, it has been admitting students from Myanmar since 1990.
Wen Liang, 10, from Myanmar, has repeated this routine for three years. “I like go
ing to school in China. It makes me very happy because I have many friends there,” Wen said.
The youngest Myanmar student is 5, said Sun Jialiang, the school principal.
entered a new era of moderately slowing expansion and a transition to a high-quality grow
h model. That has pushed economists to reconsider some long-term issues, such as whether the economy wo
uld cool down sharply before a considerable rise in wealth, especially after a period of fast growth.
“The key method to ensure China’s role as a high-income cou
ntry is to adjust industrial structures and promote productivity,” said Zhu Min, an inf
luential Chinese economist and former deputy managing director at the International Monetary Fund.
High-tech manufacturing, the service industry and the digital economy will be the new engines
for the economy, while some traditional driving forces, such as injecting funds into the market, are losing momentum, Zhu said.
China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per cap
ita GDP was about $9,700. Economists predict that if the country maintains growth of at least 6 percent th
is year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.
Italian side, respect each other’s major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost
cultural exchanges and local-level cooperation, and strengthen popular support for bilateral relations, Xi said.
The Chinese president stressed that in recent years, China’s National People’s Con
gress and the Italian Senate have established a regular exchange mechanism.
China supports the two countries’ legislative bodies to carry out multi-level, wide-ranging and multi-c
hannel exchanges and cooperation, and share successful experience on major issues such as legislative supervision, state gov
erning, national economy and the people’s livelihood, on the basis of mutual respect and mutual learning, Xi said.
He said he hopes that the Italian Senate will continue to play an active facilitating role, and cr
eate better conditions for and inject greater momentum into the development of bilateral relations.