Skip to content
arch institute to accelerate the development of new apparatuses for underground detection that could reduce interference from human activity.
“We will also explore carrying out observational experiments
in wells from hundred of meters to 1,000 meters deep, and through scientific drilling that will p
enetrate active earthquake faults to gain more information about underground structures,” he said.
Currently, 13 countries have been involved in the project, includ
ing Russia, Egypt and Algeria, and 17 domestic research teams, including one from U
niversity of Science and Technology of China, have started research on the site, Zheng noted.
tion equipment, support for outdoor observation and data sharing services”, he said.
ndreds of security guards daily during peak seasons. In October, when it had a record number of travelers, the ad
ministrators decided to seek help from local universities for international volunteers, Liu said.
The lake, spanning a total of 60 square kilometers in the heart of Hangzhou, is ne
ar to one of China’s oldest Buddhist temples and is surrounded by lush green hills.
During the recent holiday, it was one of the most popular tourist spots amo
ng millions of domestic travelers, along with the Great Wall and the Forbidden City.
“It’s not only about giving tourists directions to the toilet or preventing people from smoking,” said Bela Nitesh Parm
ar from India, one of the students selected from among more than 50 candidates for the volunteer program.
“The more I help others, the more confidence and positive energ
y I earn for myself,” said the sophomore at Zhejiang University of Technology.
ties brought by the BRI, which by some estimates could be worth 1.8 billion pounds ($2.33 billion) annually to the British economy.
As a financial hub for international infrastructure investmen
t, British firms and international companies based in the UK stand ready to provide many of the ser
vices required along the Belt and Road, especially as it becomes more of a shared venture, she said.
They can also provide private financing required by the project and support thro
ugh green finance, consultancy, rule of law and foreign exchange, McGuinness added.
Seventy years after the founding of the People’s Republic of China, ties between China and UK h
ave gone from strength to strength, with bilateral trade now worth nearly 70 billion pounds, McGuinness said.
“I look forward to celebrating this long, fruitful relationship with our Chinese counterp
arts, and to marking the next chapter of our partnership in the Belt and Road,” she added.
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.