hina’s economy has generally maintained stable growth

 this year, a上海夜网品茶微信nd the central government will take a series of significant measures to promote high-quality economic development, Liu said.

Huang said China should be cautious about the impact of the slowing global growth and also hold some measures in reserve.

“If we use up all the ammunition, what are we going to do in a coup

le of years if the global economy suffers greater downturns, as some expect?” he asked.

Yi Gang, governor of the People’s Bank of China, the central bank, said

on Friday that interest rates and reserve requirement ratios still have “plenty of ro

om” for adjustment, but the monetary policy will remain “prudent” and should be “sober-minded”.

A flexible RMB is good for the Chinese and global economy, and the PBOC is not interv

ening in the foreign exchange rate market, Yi said. “I hope this situation will continue.”

www.shanghaidianbaobao.cn

Currently, 13 countries have been involved in the proje

roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on

e from University of Science and Technology of China, have started research on the site, Zheng noted.

The site will “offer research teams with observation equipmen

t, support for outdoor observation and data sharing services”, he said.

Wu Zhongliang, director of the administra

tion’s Institute of Earthquake Forecasting, said the experimental site will help for

m a “united front” at the national and international level to work on earthquake forecasting.

Referring to earthquake forecasting as a hard nut to crack, Wu said the work can

not see marked progress just in a few days, but forecasting capability will be improved a

s technology develops. “If it’s a war between humans and earthquakes, it’s us that will finally win,” he said

www.ozsnl.cn

Nevertheless, it is difficult to separate cyclical elements

and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.

Many Chinese economists cite long-term supply-side structural factors-such as demographic agi

ng, environmental degradation, and a lack of progress on reform-to argue that China has simply en

tered a new stage of development, characterized by significantly lower potential growth rates.

Structural factors don’t explain falling growth rate

While this may be true-everyone in China agrees that 9-10 perce

nt annual growth rates are a thing of the past-there is no clear indication of how much Chin

a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam

ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.

trwater.com.cn

China’s tech heavyweights said the digital economy ha

s become a driving force behind economic growth, and interne

t companies should concentrate on making breakthroughs in core technologies.

“The country is narrowing the gap with developed countries, especially in autonomo

us driving, cooperative vehicle-infrastructure systems and intelligent transportation. We started a little late, but o

ur pace is faster and our potential is bigger,” said Robin Li, chairman and CEO of leading Chinese search engine Baidu Inc.

He noted that AI will have an impact on the internet and China should firmly grasp the historic opportuni

ties of AI, and the country’s efforts in technological innovations will begin gradually changing the world.

Pony Ma, chairman and CEO of Tencent Holdings Ltd, said the e-government is becoming the driving force for cons

truction of a digital China and high-quality social and economic development, and internet firms should co

nsolidate basic research and focus on making breakthroughs in core technologies.

www.hheeh.cn

This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

www.euitdm.cn

Fourth, the daunting challenges that China faces at this po

point in its economic development are far more important than whether its slowdown is

a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This

is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco

me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the

temporary effects of periodic exogenous disturbances-such as deleveraging, global slowdowns, or even trad

e wars-catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh

rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.

And fifth, productivity growth is far more important than GDP gro

wth in determining a country’s development prospects. As such, I would be far more wor

ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod

uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi

s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.

a3o5.cn

Extra pilot averted disaster on previous Boeing 737 Max 8 flight

An off-duty pilot in the cockpit of a Boeing 737 Max 8 jet jumped in to help

crew disable a malfu

nctioning flight-control system as it experienced difficulties in October, according to Bloomberg.

The next day, with a different crew, the same plane crashed into the sea off Jakarta, killing all 189 people on board.

On doomed Lion Air Flight 610, pilots searched in a handbook f

or a way to stop the plane from nosediving, according to an exclusive Reuters report.

Reuters cites the information from three people with knowledge of the contents of the cockpit voice recorder that has never been made public.

Indonesia’s National Transportation Safety Committee (KNKT) has refused to comment to CNN on the content of the voice r

ecorder as the investigation is still ongoing. Boeing also refused to comment to CNN on the matter Wednesday.

Indonesian authorities found the cockpit voice recorder in the Java Sea on January 14 and said it could take up to a year to publish a full report into the crash.

www.xzzygk.com

About 100 million units of handsets are sold in Europe ever

year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to

become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro

wing about 70 percent year-on-year, according to the market research company Canalys.

Its products and services are also well received in other South Asian and Sout

heast Asian countries, including India, and African countries such as Kenya.

In 2018, Oppo shipped 113 million units of smartphones wor

ldwide, garnering a global market share of more than 8 percent, according to IDC data.

Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon

d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i

nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.

www.21nh.cn

Then Trump claimed — wrongly — that the EU was unwillin

  g to “negotiate with the Obama administration” about trade. In fact, the prev

ious administration sought to conclude a Transatlantic Trade and Investm

ent Partnership — or TTIP — with Europe, though was unable to get the deal across the line. Trump’s own talks on t

rade with Europe have been inconclusive, after he threatened to spark a trade war.

  Trump vs. his global counterparts

  Trump’s comments on Brexit also illustrated the tendency of a Pre

sident who admires dictators to throw allied leaders under the bus.

  He criticized Prime Minister Theresa May, whose credibility has been shredded by parliamentary defeats.

  ”She didn’t listen to that and that’s fine, I mean, she’s got to do what she’s got to do,” said Trump, who was forced into

a rare apology last year after hammering May’s Brexit strategy on the eve of meeting her in the UK.

www.yuyingleyou.com.cn

Chinese women spending more on themselves: report

hinese women are buying more for themselves than they have in the past, according to a new report on Chinese women’s consumption.

The report was released one day before this year’s International Women’s Day by Alibaba’s e-commerce platform, Tmall.

More women are spending to please themselves instead of other

people, the report said. Tmall’s data showed that women’s consumption of books, tourism expe

riences, wire-free bras, flat shoes, flowers and other “treat-yourself” products continues to grow significantly.

Women born in the 1980s placed a total of 48.06 million book orders on

Tmall in the past year, while according to data from Fliggy, Alibaba’s travel arm, the same

group spent most on travel, China’s Hong Kong, Japan, Thailand, China’s Macao and Singapore their favorite destinations.

www.cn-yongan.com