anges to improve the experience and effectiveness of customs officers, Jin said.
China will continue to conduct joint law enforcement operations with other countries targeti
ng IPR violations, including Russia and the US. Customs officials of the EU, Japan and South Kore
a have responded positively to China’s proposal for law enforcement operations, he said.
“We have been encouraging domestic and overseas enterprises to conduct exchanges on t
echnology and protecting the lawful intellectual property rights of overseas enterprises in China,” Jin said. “We a
lso want other countries to intensify IPR protections for Chinese enterprises on their soil.”
Jin made the comments at a news conference organized by the State Council Infor
mation Office in Beijing for the release of an IPR protection report by the Chinese government.
nomic strategy will focus on creating a highly competitive domestic market that forces com
panies to produce high-value goods so they can pay high wages to highly skilled people.
Because of its long experience in manufacturing, much of tha
t push will be focused on higher value-added production, using the new technologies of r
obotics, artificial intelligence, the internet of things and 5G. This is the only way to avoid the middle-income trap.
The reform and opening-up policies are exactly the kinds of market-driven reforms
needed to make this happen. The Chinese government is investing heavily in research and development, but it sho
uld be noted that the R&D spending as a percentage of GDP is still lower than that of the US.
between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part
cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.
Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti
al on performance. After every drop in China’s GDP growth since the second quarter of 2012－when growth fell be
low 8 percent－economists have emerged to declare that performance was in line with potential.
Difficult to determine potential growth rate
To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc
ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that
most estimates fail to discount cyclical factors adequately when calculating the long-term trend.
With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on
Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.
What remains poorly understood by the wider world even seven decades later is how dire were
the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan
dard 70 years ago was barely 5 percent relative to their counterparts in the United States.
It was a dire starting point.
Transitions that raised China’s living standard
In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies
and established special economic zones, which ultimately facilitated China’s entry int
Venezuela’s National Constituent Assembly (ANC) President Diosdado Cabello called on the Venezuelan people to “d
efend” the government of President Nicolas Maduro on Tuesday before the alleged coup occurred earlier.
“We invite all the people of Caracas, come to the Miraflores Palace (seat of government) immediately,” said Cabello.
Speaking to the television station VTV, Cabello said that from the “first hour” of Tues
day, President Maduro was checking and reviewing everything that had happened.
“We are already taking corresponding actions. They are fully identified. There are the sa
me coup leaders as always, those who do not respect the rules of democracy,” Cabello said.
nal proportions. But nothing can obliterate the tangible benefits the development initiative has brought. In less than six
years, the nascent Belt and Road are already changing development landscapes in multiple places and dime
nsions. Thanks to the initiative, East Africa has seen its first expressway, the Maldives its first cross-sea bridge, Belar
us its own car-manufacturing enterprise, and landlocked Kazakhstan finally has access to the sea.
And while China-Cambodia trade may not look to be in perfect balan
ce at this point, Belt and Road cooperation between the two neighbors is laying a solid fo
undation for the latter’s future progress. Take the Sihanoukville Special Economic Zone for instance. An exem
plary project under the framework of the Belt and Road Initiative, it is expected to host 300 enterprises, create 100,0
00 industrial jobs, and serve as a resident-friendly new community housing 200,000 people.
A slew of new policies aimed at encouraging consumption
in key sectors will be unveiled soon, China Securities Journal reported.
China’s retail sales of consumer goods rose 8.3 pe
rcent year-on-year to 9.78 trillion yuan ($1.46 trillion) in the January-M
arch period, according to the National Bureau of Statistics (NBS). In March alone, retail sales went up 8.7 pe
rcent to 3.17 trillion yuan, quickening from the 8.2-percent rise seen in the first two months.
In recent years, the government has, on the one hand, frequently intro
duced policies to promote opening-up, increase import and improve consumer welfare. On
the other hand, it has reduced and scrapped import tariffs on some consumer goo
ds. This has played an active role in consumption, Lian Ping, chief economist at Bank of Comm
unication said, adding that consumption still is the key driver for economic growth.
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.
Universities in China will welcome the first group o
f undergraduate students majoring in artificial intelligence in September.
According to a list issued by the Ministry of Education, 35 universities received approval to establish th
e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.
They include many prestigious universities such as Beijing Jiao
tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.
Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho
ol plans to enroll about 30 undergraduate students majoring in AI in September.
There might be more students majoring in AI who transfer from other m
ajors through a selection process if the new major proves to be successful, he said.
mbassy in 2012, it was to avoid answering the sexual allegations against him in Sweden, which had sought his extraditi