aspects,” he said, adding that besides a growth rate withi
n a reasonable range, the economy is likely to register accelerated prog
ress toward higher-quality development this year amid a new round of reform and opening-up.
“Structural opportunities (in the capital market) may con
tinuously emerge from the development of the new economy and mass co
nsumption upgrades, fueling the long-term inflow of international capital,” he said.
IMF Managing Director Christine Lagarde sai
in a recent interview with China Central Television that China’s economic d
evelopment now allows for “a focus on quality growth”, rather than necessarily quantity growth.
“And China’s development is clearly at the stage whe
re it can afford and should afford to do that,” Lagarde said.
Over the past year, amid the escalation of US-China trade tensions, credit tighten
ing took place in China, macroeconomic stress was seen in Argentina a
A 2.9-magnitude earthquake at a depth of 17 kilometers was detected at 1:25 pm on Sunday in Be
ijing’s Haidian district, according to the China Earthquake Networks Center.
Two earthquake experts said the minor quake was a normal activity in the
earth’s crust caused by changes in crustal stress, and th
ere is no need for the public to panic, according to a report on huanqiu.com.
“It is a normal and isolated event,” said Guo Xun, dean of the Civil Engineering
School at the Institute of Disaster Prevention.
“As Beijing is at the junction of the earthquake zones of Shanxi province, the
Hebei Plain and Yanshan Mountain, the city will e
xperience one to two earthquakes at around magnitude-3 degree every year,
according to past exper
ience,” Sun Shihong, a researcher at the
China Earthquake Networks Center, added.
It added that a passenger information center and hotline “will be available shortly for family or friends of those who may have been on flight.”
The Ethiopian government expressed its “deepest condolences to the families,” the office of
Prime Minister Abiy Ahmed, who first broke the news of the crash, said on Twitter.
The Office of the PM, on behalf of the Government and people of E
thiopia, would like to express it’s deepest condolences to the families of those that hav
e lost their loved ones on Ethiopian Airlines Boeing 737 on regular scheduled flight to Nairobi, Kenya this morning.
— Office of the Prime Minister – Ethiopia (@PMEthiopia) March 10, 2019
Ethiopian Airlines has gained the reputation of being one of the best airlines in
Africa. It has a good safety record and the newest fleet of planes on the African continent, according to its website.
”Ethiopian Airlines is a very, very well-run airline,” said CNN anchor Richard Quest, who specializes in aviation. “There i
s no safety issue on Ethiopian. They’ve made it their business to be the African airline that operates like a western airline.”