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nitiative is a challenge, but achievable,” she said, adding that at the heart of this challenge lies great potenti
al for innovation and creativity, such as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said dis
aster risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Platea
u, the Himalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serio
us disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
Henrik Slotte, a senior disaster management expert from the UN Environm
ent Program, said poorly managed infrastructure projects can damage the ecosystem.
rimination bent of the law which, in my view, will lead to a significan
t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.
Overholt said “the list of issues that President Xi has addr
essed are the issues that the business community is concerned about”.
“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini
tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.
Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.
“People are very positive about the direction, but they need t
o know the details” of how the promises would be delivered, Overholt said.
up a fifth of the total number in China. Up to 51 companies in the district realized annual revenue of more than 10 billion yuan. Baidu Inc, Cambricon Techno
logies Corp and Beijing Dream Ink Technologies Co have become global leaders in various cutting edge technologies.
“The fruitful results in Haidian’s scientific innovation sector are due to the increasing investment i
n research and development,” said Dai Binbin, head of the district. “In 2018, Haidian’s R&D intensit
y was 4.6 times the national level, and higher than levels in the Republic of Korea and Japan.”
Beijing’s Xicheng district, where many domestic and oversea
s financial companies and organizations are located, has carried out a series of policies to boost the
financial sector’s development, and is another example of the capital’s high-quality growth.
For instance, the district government provides subsidies of up to
50 million yuan to newly set up financial organizations. For financial companies that m
ove into the district, the government gives subsidies to help them offset rent and capital purchases.
For high-end talent, both local and foreign, the district offer
s better resources in medical care, education and living arrangements.