orts to attract p上海会所品茶微信rivate capital to sustainable infrastructure, and called on multilateral de
velopment banks to contribute more toward improving project preparation and country policy fra
meworks and maintaining supportive conditions by, for instance, providing better information for market players.
Stern said the G20 nations can promote sustainable economic growth and development, reduce poverty and improve living standards across the world.
“But they must move quickly and on scale,” he said. “The climate crisis is real and now; delay will be profoundly dangerous.”
Kevin Gallagher, director of the Global Development Policy Center at Boston University, and Richard Kozul-Wright, director of the Division
on Globalization and Development Strategies at the United Nations Conference on Trade and Development, have appealed t
hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp
rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo
llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable economic and social benefit an
d will further diversify China’s natural gas imports, while meeting ever-increasing ga
s demand in the country, said Dai Houliang, China Petrochemical Corp president.
vice by October, an increase in the number of China’s ETC users will make the 90 percent passage via ETC
a reality by year-end, the action plan said.
Starting from July 1, 2019, the country will strictly implement the poli
cy of granting a discount of no less than 5 percent off expressway tolls for ETC use
rs. By the end of the year, the number of ETC users is expected to top 180 million, the action plan said.
The plan calls for increased investment in building the ETC infrast
ucture to increase the proportion of ETC lanes, which should be no less than 70 percent by
the end of October for big and medium-sized cities, new towns and sites near scenic spots.
Given that some vehicles may not have installed ETC devices by yea
r-end, expressways will still offer some manned lanes, accepting mobile payment.
success of winning the Nobel Prize in Literature in 2012, Zhang Qinghua, professor at Beijing Normal University, believes that Mo’s way of dealing with this h
as been to make a return to his hometown, a village in Gaomi, Shandong province, both in reality and spiritually.
Mo didn’t publish any new work in the five years following the award, when in 2017 he
released several short stories, poems and theater works, mainly reminiscing about his hometown.
Unlike Mo’s former novels, Peking University professor Chen Xiaoming notes th
at his new works are more reserved, realistic stylistically and employ more simple language. Literary cri
tic Li Jingze is impressed that Mo has remained acutely sensitive to the realities of urban and rural life.
US states continue to value trade relations with China, despite ongoing tensions at the i
nternational level, and they hope tensions will be resolved through negotiations.
“I’m very optimistic on the China-US trade relationship,” Cyrus Habib, lieutenant governor of Washington, said in an inter
view with China Daily as he was attending the Fifth China-US Governors Forum in Lexington, Kentucky, last week.
China is the state of Washington’s top trading partner, with more than 20 percent of the state’s expor
ts going to China, and around 30 percent of its imports came from China in 2018, according to the US Census Bureau.
“It’s truly something that touches every part of our state,” said Habib. “And that went from the i
nformation communication technology sector and manufacturing sector all the way to the agricultural industry and tourism.”
oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.
“5G, industrial internet and the internet of vehicles are among the country’s top development priorities
in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa
id on Friday during the World Telecommunication and Information Society Day.
Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com
mercialization of this forefront technology and bolster the nation’s core competitiveness.
Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold
able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.
erprises in China. Last year, intellectual property authorities punished violators in more
than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t
otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.
An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses
sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.
Under the agreement, an international academic program will be launched with funding of $1 mill
ion from the Chinese government to scholars under 35 years of age from around the world.
Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin
g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc
ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.
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.
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