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context: <\/strong>T<\/em>he <\/i>Energy Law is the nation's first governing the energy sector. It has been 13 years since the first draft. T<\/i>he\u00a0<\/em>absence of such a fundamental law has long impeded reforms; \u00a0the roll-out of many overarching and strategic decisions has depended heavily on inter-departmental coordination. <\/i><\/p>\n\n <\/div>\n context: <\/strong>T<\/em>he <\/i>Energy Law is the nation's first governing the energy sector. It has been 13 years since the first draft. T<\/i>he\u00a0<\/em>absence of such a fundamental law has long impeded reforms; \u00a0the roll-out of many overarching and strategic decisions has depended heavily on inter-departmental coordination. <\/i><\/p>\n National Energy Administration issued draft\u00a0Energy Law\u00a0<\/em>on 10 Apr 2020. It stipulates<\/p>\n context:<\/strong> <\/em>China saw a double-digit decline in trade volume in Jan-Feb 2020<\/a> due to COVID-19, and the worst is yet to come as the pandemic unravels. 'Stabilising the fundamentals of trade' has increasing prominence in official statements since early March.<\/em><\/p>\n\n <\/div>\n context:<\/strong> <\/em>China saw a double-digit decline in trade volume in Jan-Feb 2020<\/a> due to COVID-19, and the worst is yet to come as the pandemic unravels. 'Stabilising the fundamentals of trade' has increasing prominence in official statements since early March. Policy should shift from 'stabilising trade' to 'stabilising the fundamentals of trade', says Yu Chunhai \u4e8e\u6625\u6d77 Renmin University of China School of Economics professor, by maintaining the fundamental function of trade in the economy which is to supplement domestic demand in achieving supply-demand balance,<\/p>\n It is unrealistic and unnecessary to aim for positive growth in export volumes, according to Yu. The pandemic is restraining China's exports in two ways: overseas demand is inevitably shrinking, while the pressure of containing imported cases of COVID-19 will also limit China's production output. China should not blindly stimulate capacity expansion and export growth, as this will result in overcapacity. Instead, it should adapt to domestic supply and overseas demand situations.<\/p>\n The focus now should be on securing import channels and supplies, which is crucial for 'new infrastructure'<\/a> projects, adds Yu.<\/p>\n\n <\/div>\n context<\/i><\/b>: As with last month\u2019s<\/span><\/i> visit to Chongqing,<\/span><\/i><\/a> Xi reiterated some familiar themes, while adding some more specific thoughts, including about economic development and the current international situation. <\/span><\/i><\/span><\/p>\n\n <\/div>\n context<\/i><\/b>: As with last month\u2019s<\/span><\/i> visit to Chongqing,<\/span><\/i><\/a> Xi reiterated some familiar themes, while adding some more specific thoughts, including about economic development and the current international situation. <\/span><\/i><\/span> On a visit to Jiangxi 20-22 May, Xi Jinping \u4e60\u8fd1\u5e73 CCP General Secretary delivered a speech promoting the rise of the central region, toured a Ganzhou rare earth industry enterprise, and visited the Memorial Hall of the Long March of the Central Red Army in Ganzhou along with a nearby village. Accompanied by Liu Qi \u5218\u5947 Jiangxi Party Committee secretary and Yi Lianhong \u6613\u70bc\u7ea2 Jiangxi governor, Xi inspected economic and social development, and poverty alleviation progress in historic revolutionary areas. Xi stated that China is still in an important period of strategic opportunity for development, but the international situation is becoming increasingly complex. We should have a clear understanding of the long-term, complex nature of various unfavourable factors at home and abroad, he noted, and make proper preparations for dealing with various difficult situations. The most important things, Xi argues, are to<\/span><\/p>\n Xi affirmed that companies should increase investment in scientific research, devote themselves to scientific and technological innovation and pay attention to ecological restoration. He stressed that technological innovation is companies' lifeblood. Only by possessing independent intellectual property rights and core technology can we make products with core competitiveness and remain invincible in fierce competition, Xi emphasised. Rare earth is not only an important strategic resource, but also a non-renewable resource. We should intensify scientific and technological innovation, constantly improve the technological level of development and utilisation, extend the industrial chain, increase added-value, and achieve green and sustainable development.<\/span><\/p>\n During his visit to Duxian to pay a visit to the site of the Central Red Army's departure on the Long March, Xi noted that this year marks the 70th anniversary of the PRC's founding. We must bear in mind our red origins and how the new China was established, he said, cherishing the socialism with Chinese characteristics initiated by our Party, and strengthening self-confidence. Today, on the new Long March road, we must overcome all kinds of major risks and challenges from home and abroad and win the new victory of socialism with Chinese characteristics, still depending on the firm ideals, beliefs and strong revolutionary will of the whole Party and the whole people. Party committees and governments at all levels, Xi said, should take good care of old Red Army comrades who contributed to the Chinese revolution, as well as the descendants and families of revolutionary martyrs.<\/span><\/p>\n On his visit to Tantou village, Xi noted that he was inspecting the old soviet area in Jiangxi to see if lives had improved, and whether poverty could be defeated on schedule. Xi stated that efforts should be made to improve rural settlements, build spiritual civilisation, improve the rural governance system, renew the social atmosphere, and enable villagers to live an enviable pastoral life.<\/span><\/p>\n Xi hosted a symposium on promoting the rise of central China, and made eight suggestions<\/span><\/p>\n Xi Jinping emphasised that the CCP Central Committee will soon deploy the \u2018never forget the original intention and remember the mission\u2019 project, and all departments in various regions should take this as part of the effort to resolutely rectify formalism and bureaucracy, and thereby let cadres devote more enthusiasm to the great cause of the rise of central China.<\/span><\/p>\n Xi stated that the general tone of the work is to<\/span><\/p>\n Xi emphasised building of a new type of urban-rural relationship to promote modernisation of agriculture and rural areas.<\/span><\/p>\n Xi also noted the need to strengthen construction of mechanisms to prevent and resolve social contradictions, improve social grid governance, prevention and control, crack down on criminal activities according to law, and deepen the special struggle against gangsters and evil forces.<\/span><\/p>\n Party leaders including Ding Xuexiang \u4e01\u859b\u7965, Liu He \u5218\u9e64, He Lifeng \u4f55\u7acb\u5cf0 and others accompanied Xi.<\/span><\/p>\n\n <\/div>\n \n
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\n \n getting ready for more slump in exports\n <\/a>\n <\/h2>\n
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