UN to campaign against xenophobia, racism
making a difference. China’s business environment has greatly improved in recent years, Li said, and market access has been further opened up.
According to the World Bank, China has risen six places over the year to 84th in terms of the convenience of conducting business out of 189 economies. Up until now, more than 95 percent of foreign invested projects, and more than 98 percent of overseas invested projects, are regulated online.
Yet China’s conventional advantages in the global economy started to show weaknesses in recent years, while both foreign trade growth and utilization of overseas investment have been declining. This has something to do both with weakening international demand and China’s business environment per se. “We need to optimize the business environment for both foreign and private investors to unleash market vitality and improve our overall competence. UNITED NATIONS—The United Nations on Tuesday proposed that its member countries create and agree upon a system to share responsibility more fairly for the hundreds of millions of refugees and migrants around the world.
The global compact would be accompanied by a UN-led campaign to combat the xenophobia and racism that have tainted discussions of the refugees and migrants, UN officials said at a briefing to release a report on the global migration.
The UN estimates there are 20 million refugees worldwide and another 40 million people displaced inside their own countries. Of the refugees, 86 percent live in developing countries, often near the countries they came from, it says.—Agencies