Mekong States Work Together to Fight Virus
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4 | Thursday, June 10, 2021 HONG KONG EDITION | CHINA DAILY CHINA Growth: Dragon boat celebration Efforts to Mekong states boost private investment work together From page 1 The reading came amid concerns to fight virus that a stimulus-driven rebound in global demand, a hampered supply of commodities and ample liquidi- Foreign ministers from six countries ty conditions may combine to trig- ger major inflationary pressure pledge to deepen local cooperation around the globe. But experts said China’s consum- By ZHANG YUNBI their ability in a joint effort to er inflation will remain mild over [email protected] defeat the virus at an early date and the rest of the year as the rise in promote socioeconomic recovery global commodity prices is expect- Beijing has pledged to continue in the post-COVID-19 era.” ed to lose some steam while a mod- providing vaccines and medical The ministers also approved a erate recovery in consumer supplies to the five Southeast Asian joint statement on boosting team- demand will limit the impact of ris- countries along the Mekong River work on traditional medicine. ing upstream prices on down- to help them win a final victory in Wang said the countries should stream prices. the fight against the COVID-19 strengthen cooperation in tradi- For instance, the rise in industri- pandemic. tional medicine and enhance their al goods prices only had a modest Public health funds under the capacity to prevent and control effect on consumer prices in May. Lancang-Mekong Cooperation major infectious diseases. Though transportation costs were Special Fund can be made good use Amid global economic head- elevated by rising international oil Children learn to make sachets in celebration of the upcoming Dragon Boat Festival at a kindergarten of to support the construction of winds last year, the annual trade vol- prices, the growth in China’s con- in Huzhou, Zhejiang province, on Wednesday. The school organized activities including the making biosafety protection laboratories ume among the six countries rose 12 sumer price index, a main gauge of of sachets, tiger-head shoes and paper dragon boats to pass on festive traditions to the children. The and projects for epidemic surveil- percent year-on-year to $322.9 bil- inflation, has remained mild at 1.3 festival falls on Monday. XU BINHUA / FOR CHINA DAILY lance and cross-border infectious lion, with agricultural products percent year-on-year in May, com- disease prevention and control, accounting for $24 billion of that, pared to 0.9 percent in the previous State Councilor and Foreign Minis- also up 12 percent year-on-year. month, according to the NBS. ter Wang Yi said when chairing the The six countries have also Long Shaobo, deputy director of 6th Lancang-Mekong Cooperation worked to stabilize regional indus- the Center for Public Economy Foreign Ministers’ Meeting in trial and supply chains and increase and Public Policy at Chongqing Shaanxi focuses on innovation drive Chongqing on Tuesday. connectivity. The number of weekly University, said the upward pres- It brought together dignitaries cargo flights between them has ris- sure of the PPI on CPI should con- By Zhang Yangfei from enough to the province and the Qinling from the cooperation mechanism’s en from 49 in 2019 to 289. tinue to be limited as relatively [email protected] turn the prov- Mountains, the natural boundary six members — China, Cambodia, At the meeting, Wang called on weak consumer demand and ince’s innovation between northern and southern Laos, Myanmar, Thailand and the countries to enhance team- intense industry competition will Shaanxi province has stepped advantage into a China, support a huge variety of Vietnam. The six countries share work to improve customs clear- dampen companies’ tendency to up efforts to advance innovation- development wildlife. the river, known as the Lancang in ance, shore up production capacity raise prices. driven development and protect advantage, he The mountains suffered multi- China and the Mekong in the five and connectivity, and boost the dig- local ecosystems. said. ple environmental problems in other countries it flows through. ital economy and scientific and China’s growth in CPI (y-o-y, %) President Xi Jinping said during Liu Guozhong To address the past, including the illegal con- Public health was a major focus technological innovation. China’s growth in PPI (y-o-y, %) a visit to the province in 2015 that that problem, struction of villas, quarrying and of the meeting, and after it con- On water resources cooperation, 10 9.0 Shaanxi has entered “a stage of the province launched a platform pollution of water sources, as cluded the ministers jointly issued the ministers expressed “apprecia- catching up”, and on a visit in April in March that aims to channel revealed in the anti-corruption an initiative on deepening coopera- tion to China for sharing year- 8 last year he said it needed to “strive research and development to fight. tion among local governments in round hydrological information of 6.8 to write a new chapter of accelerat- incubation and industrialization. “We’ve learned a big lesson,” Liu Lancang-Mekong countries. the Lancang River, and increasing 6 ed growth in the new era”. The provincial government has said, adding that environmental “We commend the efforts of our the discharge upon the requests of 4.4 Shaanxi played a key role during invested 45 billion yuan ($7 bil- protection has been a top priority local governments in jointly fight- downstream countries”. 4 the revolution as one of the most lion), set up special teams and for- ever since. ing the COVID-19 pandemic, and The six ministers encouraged all important bases for the Commu- mulated a three-year plan as well The government has eradicated the dispatch of medical teams and member countries to “improve con- 1.7 2 1.3 nist Party of China. as guidelines to run the platform, illegal construction, logging, min- anti-epidemic supplies,” the initia- ditions for local water supply, pro- 0.9 0.3 0.4 Liu Guozhong, the province’s which also involves universities, ing, hunting and waste discharge, tive said. tect the ecosystem of the Lancang- 0 Party secretary, told a news confer- research institutes, enterprises removed all 169 mining areas in “Looking ahead, the local gov- Mekong River, and address the -0.3 -0.2 ence on Wednesday that Shaanxi and financial institutions. the Qinling Mountains’ key protec- ernments of China will continue to adverse impacts of floods and -2 Jan Feb Mar Apr May beefed up efforts to give full play to The government has also imple- tion zone and demolished 63 provide assistance and support to droughts and other extreme weath- Source: National Bureau of Statistics CHINA DAILY its innovation potential in the past mented more than 70 preferential hydropower stations. Mekong countries to the best of er events caused by climate change”. year. measures and granted 100 million After the rectification, kingdo- The core CPI, which excludes The province is home to more yuan of special funds each year for nia, a one-leaf plant known as a food and energy prices and is seen than 100 universities, 1,500 the building of “scientists plus natural indicator of an excellent Life relay as a better gauge of aggregate research institutes, 66 academi- engineers” teams to help them ecosystem, was recently discov- demand, grew by 0.9 percent in cians and over 2 million talented become entrepreneurs, Liu said. ered for the first time in the May, up from 0.7 percent in April, technical professionals and has He added the province will con- mountains. indicating that domestic demand is contributed to some major national tinue to pool resources to produce The management of the Yellow recovering but at a modest pace. technology projects, including more good results, support high- River is another major project for Moreover, the growth in PPI is deep-sea and lunar explorations, quality development and be bold Shaanxi’s environment protection likely to peak and start declining making scientific and technological in experimenting to stimulate the work. The province has planted in the coming months, Long said, innovation one of the most distinc- vitality of talent and form a good grass and trees and built dams on thanks to a recovery in the sup- tive advantages it enjoys, Liu said. environment for innovation and the Loess Plateau — the major ply of commodities as the pan- However, the innovation system entrepreneurship. source of the river’s sediment — to demic situation gradually still has much room for improve- Shaanxi is also an area that reduce the amount of sand it car- stabilizes and an expected taper- ment, and the commercialization plays a crucial ecological role. ries and is strictly controlling ing of the US Federal Reserve’s of scientific achievements is far The Yellow River runs across sewage to prevent pollution. monetary stimulus. With global commodity prices softening, China’s full-year growth in CPI may average about 1.5 per- cent, lower than the government’s Video features prayers for Taiwan expected goal of about 3 percent, About 150 transplant recipients, their relatives, medical workers said Zhu Haibin, JPMorgan’s chief By zhang yi vaccinated in the mainland.” and volunteers take part in a walking event organized by the China- China economist. [email protected] 1 Taiwan has been struggling with Japan Friendship Hospital at the Olympic Forest Park in Beijing on It is unlikely that the People’s percent a shortage of vaccines, with just 1 Wednesday, ahead of China’s Organ Donation Day, which falls on Bank of China, the nation’s central As the COVID-19 epidemic situa- percent of its 23 million people Friday.