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hina’s economic growth will remain stable in the first quarter, and is expected to land at 6.3 percent or even higher year-on-year when it is released this week, e
conomists said after some economic indicators for March surprised the market on the upside.
“Downside pressure began to ease in the first quarter, as signaled by the r
ather substantial recovery in various economic indicators in March,” said Yao Jingyuan, form
er chief economist at the National Bureau of Statistics and a researcher for the Counselors’ Office of the State Council.
Chinese banks’ lending in yuan, a leading indicator for the real economy
, surged in March by 1.69 trillion yuan ($252 billion), up 52 percent from a year earli
er, according to the People’s Bank of China, the central bank. The manufacturing purchasing managers inde
x for March, which was back into expansion territory, may be a sign of accelerating industrial activities.
Exports in March also picked up, rising 14.2 percent in US dollar ter
ms from a year ago, versus 0.1 percent for the January-February period, customs data showed.
tting due remuneration, very few employees use the Labor Law to defend their rights, because it is not easy for them to seek legal redress for their grievan
ces. For example, workers spend a lot of time and money to furnish effective proof that they were asked to work a
nd indeed worked overtime. By so doing, they could even lose their job – as employers could sack them for poor performance.
Interesti2365zuchewangcn-/ngly, Liu Qiangdong, founder and CEO of JD.com, used his WeC
hat account to say he now follows a “8116+8” schedule (8 am to 11 pm, six days a week, and 8
hours on Sunday, with only two days off a month), arder when he started his company. Had
he not followed the schedule, JD.com might not have survived the fierce competition from other internet companies.
Although Liu said he would not force his employees to work accordin
g to the “996″ schedule, he would want them to work as hard as he did during the initial years of JD.com.
It is therefore important that standards to calculate workload per da
y should be set and quantified, and supervision over the exploitation of labor made s
JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD
.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i
n response to arguments on the company’s salary adjustments in an internal email sent on Monday.
JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut
ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.
The main reasons for the loss are few external delivery orders and high internal costs, Liu said.
The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco
me growth; the other, reduce staff members’ well-being to the level of other express companies.
Reducing fund ratios to average levels and canceling the basic salary a
ims to encourage couriers to get more external delivery orders and increase revenue.
“The Belt and Road Initiative proposed by President Xi Jinping in 2013 has touc
hed the hearts of the Azerbaijani people, as the restoration of the ancient Silk Road i
s for the benefit of the entire world, and the development and prosperity of all countries,” Hajiyev said.
“The Belt and Road Initiative is not imposing anything on anyon
e, it just provides a framework for mutually beneficial cooperation,” he added. The fundam
ental features of the Belt and Road Initiative are that every country knows how to de
velop in their own way. As China and Azerbaijan have a strong traditional friendship, Hajiyev believes the init
iative will provide immense opportunities to bring China and Azerbaijan closer.
According to Hajiyev, Azerbaijan fully supports the initiative, and
is building new bridges of cooperation and frien
dship. “We are looking forward to the second Belt and Road Forum for International Co
operation at the end of this month, and Azerbaijan will actively participate in this high-level event,” he said.
the organization’s reform be carried out? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts fo
llow:China’s developing country status has not changedBai Ming, a senior research fellow at and deputy direc
tor of the Institute of International Market, Chinese Academy of International Trade and Economic Coope
rationDespite the large size of its economy and remarkable GDP growth, China remains the largest developing economy
. Even though there are no WTO definitions of “developed” and “developing” countries, compared with China, p
eople in developed countries enjoy higher living standards. Besides, China still has to lift millions of people out of pov
erty, especially in its central and western regions.Due to its huge population－the largest in the world－China’s per c
apita GDP is still very low in relation to that in developed countries. For instance, China’s per capita GDP of less th
an $10,000 in 2018 was meager compared with the US’ nearly $60,000, and low
er than the over $10,000 per capita GDP of some other developing countries such as Russia and Argentina.