tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.
China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).
The document, prepared by the office of the leading group for promoting the BRI, was released ahead
of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.
The Belt and Road Initiative is an initiative for peaceful
development and economic cooperation, rather than a geopolitical or military alliance, said the rep
ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”
“It neither differentiates between countries by ideology nor plays the zero-sum
game. Countries are welcome to join the initiative if they so will,” according to the report.
The BRI has turned ideas into actions and vision into reality, and i
tself into a public product widely welcomed by the international community, the report said.
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.