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The emerging service sector also grew very fast, Meng said.
In April, the information transmission industry, along with software and inform
ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services.
Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m
onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year.
She said the transformation of traditional industries is speeding up as they combine with information technology.
“Through implementing national big data and internet plus strategies, internet, big da
ta, and artificial intelligence technologies have been widely used in China’s real economy,” she said
detour before reaching a deal sooner or later, then the economic impact for consumers in China and t
he US, as well as other parts of the world, will be fairly costly, said Chen Wenling, chief econ
omist at the China Center for International Economic Exchanges.
Whether they buy finished products or goods made from r
aw materials and components, the tariffs still exist, Chen said.
The escalation will make goods produced by both countries less co
mpetitive and cause large-scale job losses, said Chen.
Wei Jianguo, former vice-minister of commerce, said economic conflict
s and trade friction between China and the US that draw global attention will happen fro
m time to time in the future, and these should be rationally regarded and prepared for.
refore, giving rural children a good education is an important task in poverty relief, and
also a crucial means to stop poverty from being passed on between generations,” he said.
“The poor regions are the bottleneck in building a moderately prosperous society by 2020,” Xi wrote.
While talking with students and teachers at a primary school in Zhongyi, a towns
hip in Chongqing’s Shizhu Tujia autonomous county, in April, Xi
said compulsory education is an important part of poverty eradication.
Children in impoverished mountainous regions must be guaranteed access to education, an
d they should have a happy childhood, Xi said during his visit to Chongqing. He encouraged teachers to sett
le down in such regions, dedicate themselves to education in rural areas and contribute to poverty reduction.