Two Chinese nationals were confirmed killed, the

Chinese Embassy in Colombo said.The embassy is verifying the number of Chinese injured in the attacks.

Earlier information from the embassy said that four Chinese nationals were injured

in the multiple church and hotel explosions that ripped through the island nation on the Easter day.

The Chinese Embassy has activated an emergency response mechanism immediately a

fter the blasts, and embassy officials have visited the injured who were in hospital for treatment.

Curfew and ban on social media imposed

The government has imposed a nationwide curfew from 6 pm Sunday to 6 am local time on Monday.

The Sri Lankan government has also imposed a temporary ban on social media to prevent the spread of false information.

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Meanwhile, massive rescue operations are underway at

the explosion sites, the police said.Television footage showed ambulances r

ushing the injured to the Colombo National Hospital, the Batticaloa Hospital in

the east and the Negombo Hospital on the outskirts of the capital where the explosions took place.

There has been no claim of responsibility so far for the multiple blasts.

In just one church, St. Sebastian’s in Katuwapitiya, north o

f Colombo, more than 50 people had been killed, a police official told Reuters.

Media reported 25 people were also killed in an attack on a church in Batticaloa in Eastern Province.

Prime Minister Ranil Wickremesinghe called a national security council meeting at his home for later in the day.

One of the explosions was at St Anthony’s Church in Kochcikade, Colombo.

St. Sebastian’s church posted pictures of destruction inside the church on its Fa

cebook page, showing blood on pews and the floor, and requested help from the public.

Out of Sri Lanka’s total population of around 22 million, 70 percent are Buddh

ist, 12.6 percent Hindu, 9.7 percent Muslim, and 7.6 percent Christian, according to the country’s 2012 cen

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China mulls amendment to securities lawendment to the

A draft amendment to the Securities Law was submitted Saturday to a bimonthly session of the

National People’s Congress Standing Committee, China’s top legislature, for a third reading.

The latest revisions to the law include rules on the newly-devised science and technology inn

ovation board, which will pilot a registration-based initial public offering (IPO) system.

Under the current IPO system, new shares are subject to ap

proval from the China Securities Regulatory Commission before being listed.

Other revisions in the draft are made in light of new p

rogress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitte

d to the top legislature for first reading in April 2015, mainly

to meet the legislative demand of reforming the IPO system toward a registration-based one.

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The meeting highlighted the importance of implementi

ting the spirit of December’s Central Economic Work Conference.

Macro policies should be stable, micro policies should be flexible and social policies should guarantee the basic needs of the grassroots

people, the statement said. Macro policies should focus on promoting high-quality growth and stimulating market vitality.

The importance of manufacturing’s high-quality development in stabilizing economic growt

h was stressed. Traditional industries should be guided to upgrade, and new industries should grow stronger.

The development of small and medium-sized companies and private businesses should be supported through measures like s

peeding up the supply-side structural reform of finance and providing better loan services, the stat

ement said. It also reaffirmed that houses should be used for living rather than for profit.

Reform should be further deepened and opening-up boosted, and forei

gn capital should have bigger access to the Chinese market. Poverty reduction is a key meas

ure of building a moderately prosperous society in all respects, which must be achieved by the end of next y

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China’s first aircraft carrier, the Liaoning, and latest nuc

More than 60 countries will send delegations to join multinational naval events marking the anniv

ersary, and over 30 countries of them will send major navy leaders to participate, according to Qiu.

Nearly 20 foreign vessels of various capabilities, including destroyers, frigates and landing ships, will join Chinese vessels in the naval parade, sh

owing to the world the “firm determination to safeguard peace and seek development with joint efforts,” Qiu said.

Organizing multinational naval parades is a unique ceremonial activity of navies, according to Qiu.

The Chinese People’s Liberation Army Navy has been active in provi

ding security products for the international community since its founding, Qiu said.

The navy has paid over 100 visits to 94 countries and 138 ports, and has held more

than 60 joint military drills with foreign navies over the 70 years, according to Qiu.

Since 2008, the navy has sent 32 escort fleets, 103 vessels, 69 helicopters and more than 27,000 offic

ers and soldiers to escort over 6,600 vessels, more than a half of which were foreign merchant ships, he added.

Since 2010, the naval hospital ship Peace Ark has traveled to 43 countr

ies and regions and provided free medical services to over 230,000 people, Qiu said.

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Top economic planner bullish on reaching annual growth

China’s economy, despite headwinds, has enjoyed a good start in the first quarter of 2019, and the country has the confide

nce to achieve the annual projected growth goal, said the country’s top economic planner.

“The first quarter’s stable economic development has laid a solid foundation for the an

nual growth,” said Yuan Da, spokesperson with the National Development and Reform Commission.

“The economy has stayed on the track of steady growth. We have the confidence, conditio

ns and capability to meet the projected targets for economic and social development this year.”

Yuan made the remarks at the NDRC press conference on Thursday in Beijing.

According to data from the National Bureau of Statistics, China’s economy expanded at a faster-than-expected 6.4 perce

nt year-on-year in the first quarter. The growth was unchanged from that in the fourth quarter in 2018.

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Lu Zhenwang, CEO of Shanghai-based Wanqing Consul

ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav

e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp

loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”

Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan

ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns

15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.

Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c

onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.

In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as

sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.

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D’s stock tumbled after the student first accused Liu in A

August, and its shares have slowly crawled back since Decembe

r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv

anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.

JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round

of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega

l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.

The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.

The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i

nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.

The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.

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Fiscal spending can directly influence fixed-asset inves

tment, and it could also leverage on more bank lending and attract private funds to increase investment, said Xu.

In the meantime, allowing retail access to local government bonds will help diversify the

investor base and increase market liquidity, said Amanda Du, an analyst at Moody’s Investors Service.

The analyst expected access for retail investors to widen to encompass all local government bonds in 2020.

hina’s economy grew at a faster-than-expected 6.4 percent year-on-year in the first qua

rter, according to data released by the National Bureau of Statistics on Wednesday.

The growth was unchanged from that registered in the fourth quarter of last year.

The country’s industrial output posted steady growth in the same period, up by 6.5 percent

year-on-year, compared with 5.7 percent in the previous quarter, official data showed.

Fixed-asset investment growth was 6.3 percent in the first quarte

r, compared with 6.1 percent in the first two months, according to the NBS.

Retail sales increased by 8.3 percent year-on-year in the same pe

riod, compared with 8.2 percent in the first two months, the data showed.

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Abe to send envoy to Belt and Road ForumAbe will

Japanese Prime Minister Shinzo Abe will send his special envoy Toshihiro Nikai, secretary-general of the rulin

g Liberal Democratic Party, to attend the second Belt and Road Forum for International Cooperation in Beijing.

In a news conference held by the Japanese embassy in China on Monday, Takeshi Osuga, J

apanese Foreign Ministry spokesman, said Nikai will visit China from April 24 to 29 to attend the forum and give a speech.

In a previous conference at LDP’s headquarters in Tokyo, N

ikai said his party called for increased exchange between Japan and China.

As the Japanese foreign minister Taro Kono just ended a three-day visit to China, Osuga

said the visit was “very positive” and further strengthened bilateral ties between Beijing and Tokyo.

“In the fifth China-Japan High-level Economic Dialogue, China and J

apan achieved agreement to cooperate in such areas as energy conservation and environ

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