上海龙凤

The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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上海龙凤1314

Learning to work together in an orderly, high trust lev

, and supported by diverse interest groups will prevent conflicts among stakeholders in the South China Sea,” Santarita said.

China is in the midst of implementing a host of reforms, which are focused on opening up its economy to foreign compet

ition and strengthening its private sector. They are needed to upgrade its industries and avoid the dreaded middle-income trap.

Many of these reforms are exactly what the United States is asking for in the trade negotiation

s, but China is actually pursuing these reforms primarily to achieve its own long-term internal economic goals.

He said Asia’s emphasis on “respect for authority, respect for the environm

ent and the discipline to control the use of resources” will also see Asian leaders purs

uing a more eco-friendly development path and honor their commitments to the Paris climate agreement.

“If there is harmony, discipline, stability and the primacy of family and com

munity over the individual, then any problem can be easily addressed,” Santarita said.

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上海千花网

Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

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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.

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Apart from proposing to build a community of shared

 future for mankind in his speech at the headquarters of the United

ations in September 2015, and in his report for the 19th National Congress of the Communist Par

ty of China in October 2017, Xi has pledged on different occasions to build a peaceful, safe, prosperous, open, inc

lusive, clean and beautiful world to let the sunshine of a community of shared future for mankind illuminate the world.

The world, which is going through a phase of adjustment that fea

tures huge development and fundamental changes, faces great and unfamiliar turbulent situ

ations — the overall trends of peace and development are irreversible, while instabilit

y and uncertainty are prominent. Some problems and challenges are unprecedented, and the int

ernational community faces crucial choices concerning the future of the world and the fate of humanity.

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上海千花坊

Hospital in Boao has business license revoked over ille

Hainan provincial health authorities have revoked Boao Yinfeng Healthcare International H

ospital’s business license, for illegally administering HPV 9-valent vaccines, according to a statement Sunday.

Located in the Boao Lecheng International Medical Tourism Pilot Zone, the hospit

al has since January last year vaccinated 37 customers with HPV 9-valent, charging each 9,000 yuan.

They did so without obtaining an official vaccination outpatient license, said the statement.

It said the local health commission of Qionghai, where the Boao pilot zone is loc

ated, on April 18 issued the hospital a notice of penalties, including a warning, confiscati

on of illegal income, a fine of 8,000 yuan, and a revocation of its business license as a medical institution.

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上海千花网

China looks to strike a balance between meeting finan

ancing needs, sustainable development and debt sustainability, according to Finance Minister Liu Kun.

“We will build a high-standard and high-quality financing system to s

upport long-term and sustainable BRI investment while preventing debt risks,” Liu said.

He suggested promoting financing cooperation for projects in

third-party countries, equity investment and attracting more private funding.

Enhancing debt and risk management is a key consideration for deepening BRI financi

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

“The debt issue in developing countries should be treated objective

ly. If debt growth is accompanied by infrastructure improvement, enhancement of people’s liveliho

ods and productivity and poverty reduction, it will be beneficial for the sustainability of long-term debt,” Yi said.

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上海龙凤1314

Well-tuned steps urged for poverty eradicatio

President Xi Jinping underlined on Monday the need to shore up areas of weakness and carry out more targeted pove

rty alleviation efforts in building the country into a moderately prosperous society in all respects.

Xi, also general secretary of the Communist Party of China Central Committee and chair

man of the Central Military Commission, made the remark while presiding over the fourth meeting of t

he Central Committee for Financial and Economic Affairs. Xi is head of the committee.

The meeting stressed the importance of achieving targets for poverty alleviation across the boar

d and focusing efforts on areas of extreme poverty, according to a statement released after the meeting.

It is important to tackle the remaining difficulties faced by people still confronting hard

ships in terms of their access to education, medical care, quality housing and safe drinking water after ens

uring that their basic needs for food and clothing have been met, the statement said.

It added that solving prominent environmental pollution probl

ems must be prioritized to ensure periodical targets can be achieved before 2020.

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Abe to send envoy to Belt and Road ForumAbe will

Japanese Prime Minister Shinzo Abe will send his special envoy Toshihiro Nikai, secretary-general of the rulin

g Liberal Democratic Party, to attend the second Belt and Road Forum for International Cooperation in Beijing.

In a news conference held by the Japanese embassy in China on Monday, Takeshi Osuga, J

apanese Foreign Ministry spokesman, said Nikai will visit China from April 24 to 29 to attend the forum and give a speech.

In a previous conference at LDP’s headquarters in Tokyo, N

ikai said his party called for increased exchange between Japan and China.

As the Japanese foreign minister Taro Kono just ended a three-day visit to China, Osuga

said the visit was “very positive” and further strengthened bilateral ties between Beijing and Tokyo.

“In the fifth China-Japan High-level Economic Dialogue, China and J

apan achieved agreement to cooperate in such areas as energy conservation and environ

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上海龙凤1314

As the central government started a new round of subsi

China and the European Union have committed to achieving major progress this year in negotiations for a high-level bilateral in

vestment agreement with a view to concluding the ambitious accord next year, according to a joint statement.

The two sides pledged to widen market access, eliminate discriminatory requireme

nts for foreign investors and establish a balanced investment protection framework, according to a joint statem

ent issued after the China-EU leaders’ meeting held in Brussels, Belgium, on Tuesday.

Premier Li Keqiang, European Council President Donald Tusk and Eur

opean Commission President Jean-Claude Juncker co-chaired the annual meeting and reach

ed consensus on a wide range of issues, including bilateral ties, global challenges and governance.

They committed to building an economic relationship based on openness, nondiscrim

ination and fair competition, ensuring a level playing field, transparency and mutual benefit, the statement added.

Two-way trade between the EU and China reached more than $682 billion last year. The E

U is China’s biggest trading partner, and China is the EU’s second-largest trading partner.

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