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magazine of the Communist Party of China Central Committee. He said more efforts a
re needed to implement the proactive fiscal policy and boost efficiency this year.
Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.
Innovative financial tools will be introduced for debt swaps, and the indebted comp
anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea
d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.
“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this
round of debt swaps will not involve the government’s administrative orders, but depends on the ma
rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.
peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.
The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu
stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.
In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust
rial chains including independent and controllable information systems, smart security, big data, advanced co
mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.
According to the plan, the government will build Tianjin into an AI in
novation center and a hub of AI industries and innovative applications by 2020.
The Central Conservatory of Music will hold a festival from May 23 to 27 to celebrate the 80th anniversary of The Yellow River Cantata.
Written by composer Xian Xinghai (1905–1945) in Yan’an, Shaanxi pro
vince, in early 1939, the piece was inspired by a patriotic poem by Guang Weiran, and the lyrics
were adapted for the cantata. Premiered on April 13 of the same year in Yan’an, the work became, and remains, popular.
The conservatory’s symphony orchestra, choirs and chamber music grou
ps will join in the festival with 20 concerts, including the opening concert on May 23 condu
cted by Yu Feng, president of the university. The Yellow River Cantata will be performed by young singers.
Veteran Chinese musicians and singers, including Guo Shuzhen and Wang Xiufen, will perform during the festival.
Besides concerts, masterclasses and forums will be held in Yan’an.
The music festival will also celebrate the 70th birthday of the country.
en he visited a museum of broken relationships in Chengdu, capita
l of Southwest China’s Sichuan province, with two friends in January. They tho
ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.
They acted fast and opened the museum after three months’ preparation.
The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who
ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.
China has several museums of broken relationships now, in Nanjing, Chen
gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.
merging jobs related to the digital economy have been and are expected to continue gro
wing quickly in China as digital technology is applied in more fields, said a senior executive from LinkedIn.
New media operators, front-end development engineers, algori
thm engineers, user interface designers, and data analysts were the top five profes
sions with the fastest growing number of practitioners in China on the US-based professional networking site fro
m 2013 to 2017, said Lu Jian, president of LinkedIn China in an exclusive interview with China Daily.
“Digital economy, which has become part of the national strategy, is just unfolding in the country. It won’t surprise us if such jobs con
tinue to draw employees of both genders and in both urban and rural areas in the coming years,” Lu said.