ization reforms and enhance communication with member countries and regions to deal with trade issues. That will stre
ngthen the WTO and jointly maintain free tr
ade and the multilateral trade system, he said.a Beijing International Horticultural Exhibition welcomed its first tourist peak by serv
ing more than 320,000 tourists during the fou
r-day May Day holiday, the organizer said Saturday. Lei Lei, an official with the organizing committee, said the Chinese Pavilion, the Inte
rnational Pavilion, the Life Experience Pavilion, t
he Botany Pavilion and the Gui Some 132 activities, including float parades, world ethnic and folk cultural perform
ances, and culture and art carnivals staged by central and eastern European countrie
s, were held during the holiday. With the theme of “Live Green, Live Better,” the expo opened to the public on M
onday at the foot of the Great Wall in the capital’s Yanqing District and will last until Oct 7.
rui Theater were among the most popular destinations, which h
ave received a total of over 734,000 visitors during the holiday.
Under a pilot scheme, the first group of six provinces and cities sold 6.8 billion yuan in bonds
at commercial bank counters to individu
al buyers between March 22 and early April. The coupon rates are between 3.01 percent and 3.33 percent, higher than treasury b
ed by the central government as well as bank deposits with the same maturity. Gross local bond issuances hit 1.18 trillion yuan in the first qua
pared with only 219.5 billion yuan in the same period last year. The total quota for 2019 local government bond issuances is 3.08 trillion yuan, according to the Ministry of Finance.
“About 60 percent of the bonds were issued for
ongoing construction, especially for shantytown renovation projects, railways and roads,” said Hao Lei, head of the ministry’s Budget Department.
While debt financing continues to grow, the government is experiencing sharp declin
es in fiscal revenue growth, especially from tax and land sales, official data showed.