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RIGHT TRACK Minister: China backs Major recovery G20 debt seen after data relief plan By CHEN JIA [email protected]
China will continue to support the Group of 20’s debt treatment signals growth framework for lowincome coun tries, helping them ease potential solvency risks and promote post Acceleration of rebound set to provide pandemic economic recovery, Finance Minister Liu Kun said in stronger support for world economy a recent statement. The message showed the Chi By ZHOU LANXU has helped the economy to recover nese government’s firm commit [email protected] in a more balanced and sustainable ment to promote multilateral manner. “Economic growth may cooperation and actively partici China’s economic recovery is further accelerate in the fourth pate in global actions related to expected to increase its pace and quarter of the year compared with A worker sorts boxes of goods at a logistics center in Cixi, Zhejiang province, on Nov 4. Retail sales grew debt issues, experts said. offer stronger support for the world the third and second ones.” by 4.3 percent in October on a yearly basis as the economy’s rebound accelerated. China’s response to the G20 economy in the coming months, as Despite the rising risk of COVID19 ZHANG YONGTAO / FOR CHINA DAILY debt relief plan will help the poor indicated by rebounding domestic resurgence in some economies, China est countries redirect resources demand in October, officials and has proved able to contain imported from servicing debt to mitigating experts said on Monday. cases while coordinating economic rebounded in October, with catering increase imports in the period, with Growth in retail sales (y-o-y %) the severe impact of the COVID 4.3 The country’s consumer purchas development, Fu said. revenue nationwide resuming total imported goods likely to sur 5 3.3 19 pandemic, experts told China 0.5 ing and investment both staged the After posting 4.9 percent growth expansion for the first time this year pass $22 trillion over the next decade. 0 Daily after a virtual meeting of biggest expansion of the year, while in the third quarter, China’s econo and up 0.8 percent yearonyear. “Such a huge market demand will G20 finance ministers and central -1.8 -1.1 growth in industrial production my should expand by 5 to 6 percent The resilient domestic market definitely provide a direct, lasting -5 -2.8 bank governors held on Friday. recovered to preCOVID19 levels. in the fourth quarter and achieve will help anchor the global economy drive for global economic recovery,” -10 -7.5 Participants finalized docu Retail sales, a key barometer of fullyear economic growth of about clouded by the pandemic, as China he said at a forum cohosted by ICBC ments of the plan — the Common consumption, grew by 4.3 percent 2 percent, with domestic demand has vowed to make boosting domes International and Caixin on Sunday. -15 Framework for Debt Treatments in October on a yearly basis, up further recovering while exports tic demand and opening its market Despite the improving economic -20 -15.8 beyond the Debt Service Suspen from 3.3 percent in September, the remain robust, experts said. wider among its priorities in the figures, the NBS said that “multiple -20.5 sion Initiative. The initiative -25 National Bureau of the Statistics With COVID19 largely under con coming years, experts said. challenges” still need to be con Jan-Feb Mar Apr May Jun Jul Aug Sep Oct focused on pro said on Monday. trol domestically, recovery in offline The country will step up efforts to quered before a full recovery, as diffi Accumulative growth in viding lower Fixedasset investment in the first consumption and services is set to nurture a strong domestic market culties remain for some enterprises fixed-asset investment (y-o-y %) income coun 10 months rose by 1.8 percent, up 5 pick up, said Tang Jianwei, chief and promote winwin international and industries like airlines and 1.8 tries a moratori from 0.8 percent in the January researcher at the Bank of Communi cooperation by virtue of its vast entertainment. 0.8 um on bilateral 0 September period. cations’ Financial Research Center. market in the 14th FiveYear Plan Wen Bin, chief researcher at China -0.3 government -1.6 The recovery in demand has driven “The improving employment sit (202125) period, said the communi Minsheng Bank, said China should -5 -3.1 loan repay up production, with industrial output uation is also brightening house que of the Fifth Plenary Session of further strengthen policy supports for -10 -6.3 ments, under rising by 6.9 percent yearonyear last hold income prospects and boosting the 19th Central Committee of the small businesses, manufacturers and -10.3 Liu Kun which 73 eligible -15 month, the same as in September and consumption demand,” Tang added. Communist Party of China. hardhit services enterprises, and -16.1 countries can faster than the 4.7 percent for the same According to the NBS, the sur Huang Qifan, vicechairman of remain vigilant against any COVID19 -20 apply to G20 gov -24.5 period of last year, the bureau said. veyed urban jobless rate dropped to a the China Center for International resurgence domestically. -25 ernments and their policy banks to
Fu Linghui, an NBS spokesman, preCOVID19 level of 5.3 percent last Economic Exchanges, said the coun Jan-Feb Jan-Mar Jan-Apr Jan-May Jan-Jun Jan-Jul Jan-Aug Jan-Sep Jan-Oct postpone debt repayments. said the reviving consumer market month. Offline services activity try is expected to continuously Chen Jia contributed to this story. Source: National Bureau of Statistics CHINA DAILY Liu said that China, for the first time, is participating in a multi lateral debt coordination process — the G20 Debt Service Suspen Chilly winter in North to help disperse smog sion Initiative and the upcoming debt treatments procedure — under a common framework, By LI HONGYANG The outlook, issued by the center “For eastern areas, favorable according to a statement posted [email protected] and the Ministry of Water Resour atmospheric conditions depend on the Ministry of Finance web ces last week, said this winter will mainly on enough precipitation,” site after the meeting. Chilly winds are forecast for be a little chillier across the coun Yuan said. “Less precipitation Chinese official bilateral credit North China from December to try on average, and cold air from than the same period in previous ors have fully implemented appli February, creating favorable atmos the west will influence the country years weakens its ability to clear cations of debt relief required by pheric conditions for diffusing air via the Xinjiang Uygur and Inner pollution.” the G20 initiative, Liu said after pollution. But less precipitation Mongolia autonomous regions. The outlook forecast that east he participated in the meeting than usual is expected in the Yang “For North China, cold air plays ern provinces including Zhejiang, with other G20 finance ministers tze River Delta region, inhibiting a vital role in clearing up air pol Fujian and Jiangxi will have 20 to and central bank governors. the dispersal of air pollution there, lution, so the coming frigid condi 50 percent less rain or snow this As a commercial lender, China the National Climate Center said in tions will help a lot,” Yuan said. winter than in normal years. Development Bank has “proactive a recent weather outlook report. The outlook said atmospheric Since Wednesday, the Beijing ly responded to and participated in NASA astronauts (from left) Shannon Walker, Victor Glover and Yuan Yuan, a researcher at the conditions in the BeijingTianjin TianjinHebei cluster and the Fen the debt relief initiative following Mike Hopkins and Japan Aerospace Exploration Agency astronaut center, said that while reducing Hebei province cluster and the heWeihe Plain region have selfdetermined and marketori Soichi Noguchi, prepare for their mission in the SpaceX Crew Dragon emissions of pollutants is one of FenheWeihe Plain region, experienced heavy air pollution. ented principles”, he added. spacecraft at Kennedy Space Center in Florida, in a photo released on the major ways to control air pollu including Shanxi, Shaanxi and Smog will blanket the areas on China is a country that has pro Sunday. SPACEX / AFP tion, favorable meteorological con Henan provinces, will be the and off for the rest of the month vided the largest amount of debt ditions also can make an same as the past fiveyear average due to insufficient cold breezes, relief for implementation among important contribution. this winter. the center said. G20 members, making signifi “Atmospheric conditions are a However, it said that in the Yang cant contributions to help lowin NASA, SpaceX launch crew way of evaluating whether air pollu tze River Delta area, which See Weather, page 3 come countries tackling COVID tants will thin out quickly,” she said. includes Shanghai and the provin 19 challenges and dealing with “Factors including wind and precip ces of Jiangsu, Zhejiang and Anhui, Inside debt vulnerabilities, Liu said. rotation mission to space itation decide how such conditions conditions will be worse than the Wang Yiming, former deputy will affect the environment.” previous fiveyear average. See more, page 4 director of the Development Research Center of the State CAPE CANAVERAL, Florida — commander Mike Hopkins and two Council, said that strengthening SpaceX launched four astronauts to fellow NASA astronauts, mission international cooperation on the International Space Station on pilot Victor Glover and physicist RENOVATION WORK GIVES macroeconomic policies and Sunday on the first fullfledged taxi Shannon Walker. They were joined taking advantage of multilateral flight for NASA by a private company. by Japanese astronaut Soichi Nogu platforms can help defuse finan The Falcon rocket thundered chi, making his third trip to space MOSQUES MODERN TOUCH cial and debt risks. into the night from Kennedy Space after previously flying on the US ◆ Surging global debt is an Center with three Americans and shuttle in 2005 and Soyuz in 2009. increasing risk in the financial one Japanese, the second crew to be An air leak caused an unexpected Safety improved at religious venues in Xinjiang system. To mitigate the impact of launched by SpaceX. The Dragon drop in capsule pressure less than the COVID19 pandemic, major capsule on top — named Resilience two hours before launch, NASA By CUI JIA in Beijing and was listed as a key national cultural economies launched extraordi by its crew in light of this year’s officials said. But technicians said MAO WEIHUA in Aksu, Xinjiang relics site in May 2013, efforts were nary fiscal and monetary poli many challenges, most notably they conducted a successful leak made to renovate it, he added. cies, resulting in a historically COVID19 — reached orbit nine check, and the scheduled launch ike many devout Muslims However, according to the 2019 high level of debt among these minutes later. It is due to reach the was still on. in the Xinjiang Uygur Report on International Religious economies, he said. space station late Monday and The 27hour ride to the space sta autonomous region, Freedom published by United remain there until spring. tion, an orbiting laboratory some 400 members of Metkurban prayed at the mosque, and I grew States Department of State, the See G20, page 3 “By working together through kilometers above Earth, was original LMetsedi’s family have worshipped up living near to it. It is in good con authorities in Xinjiang demolished these difficult times, you’ve ly scheduled to begin on Saturday. at a mosque near their home for dition, and, after renovation work, the Id Kah Mosque and Jiami inspired the nation, the world, and But the launch was postponed for a generations. it is definitely still in use,” he said. Mosque in Yecheng county, Kashgar in no small part the name of this day due to forecasts of gusty winds — Praying at the Id Kah Mosque in “I have no idea why some people prefecture, the previous year. © 2020 China Daily incredible vehicle, Resilience,” remnants of Tropical Storm Eta — Yutian county, Hotan prefecture, would say it has been demolished. Some Western media outlets also All Rights Reserved Vol.24 — No. Commander Mike Hopkins said that would have made a return land is an essential part of the 49year If they really care about us, why not constantly falsely accuse China of 7343 A member of the right before liftoff. ing for the Falcon 9’s reusable booster old’s life, so he was puzzled when pay us a visit in person to see the trying to eradicate Islam in the Asia News Network Once reaching orbit, he radioed, stage difficult, NASA officials said. he heard reports that the building truth for themselves?” region by pulling down mosques. “That was one heck of a ride.” had been demolished. After the mosque, which has a The Resilience crew includes See Mission, page 3 “My grandfather and father both history of more than 800 years, See Mosques, page 2