hinese consumers to drive future global growth

One of Britain’s leading economists said Chinese consumer 上海品茶微信s will be the driving force of future global economic growth.

Jim O’Neill, chair of the international think tank Chatham House and former chief econom

i 上海品茶微信st at Goldman Sachs, made the remarks in a speech on Wednesday at the celebration of the 70th anniversary of th

e founding of the People’s Republic of China and the second China-UK Economic and Trade Forum in London.

“What happens to the Chinese consumers is more important to China’s future,” O’Neill said.

“If China continues with 8 percent nominal GDP gr 上海品茶微信owth, which I believe is 5 percent real (GDP growth), and 3 percent pri

ces (meaning inflation), and if the Chinese consumers become the 50 percent of that total, the change from the next

year to the next decade is somewhere between $11 to $12 trillion, which is equivalent to create another China,” he said.上海品茶微信

O’Neill i 上海品茶微信s known for coining the term BRIC, the group term for Brazil, Russia, India and China, in 2001, to describe the four rapidly-developing nations that symbolized the shifting balance in the global economy.

South Africa was added to the group nine years later, making it BRICS.

“China remains the only one of the BRICS countries that aft上海品茶微信er 17 years has actually done exactly what we had expected it would achieve,” he said.

His opinion is that the ongoing trade dispute with the Un

ited States is not the most important challenge the country currently faces.

To continue its success, O’Neill said, China ne

上海品茶微信女神会所eds to address aspects of its aging population, which is a key contr

ibutor to the economic growth slowdown, and tackle environmental issues and population control in urban areas.

O’Neill is a former British commercial secretary to the Treasury. He said the Belt and Road Initiative, or BRI, initiated six ye

ars ago, will play a “hugely important” role in global trade, which has been buffeted by rising protectionism and unilateralism.

The BRI aims to build the Silk Road Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infra

structure, trade, financial and people-to-people c上海品茶微信女神会所onnectivity via a new platform for a brighter future.

“If it can be implemented collectively, it can transform the trade pattern in Asia, p

articularly between China and India, two of the major BRICS countries,” he added.

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Zhang looked “distress上海品茶微信女神会所ed heid Christe

Christensen, add上海品茶微信女神会所ing that she spoke “broken English”, said she was la

te to some place and had a meeting with her professor. He said he then offered her a ride.

Stiverson, however, pointed out later in the session that she Googled the address of One North — the apartment that she pla

nned to sign a lease on that afternoon — one minute after she got into Christensen’s car.

Christensen repeatedly claimed that he let Zhang get out of his car after she “freaked out” when

he made a wrong turn, saying, “I don’t want to keep someone I barely know in my car.”

He admitted during the questioning that he was attracted to Zhang “a reasonable amount”.

Both Manganaro and Stiverson pointed out that based on what they knew, she “didn’t get out” of his car.

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hina has a large youth population, with more than 248 mil

Despite a busy schedule, Xi still tries to find time to interact with children.

He has extended greetings to children nationwide every International Children‘s Day since he became

president in 2013, showing his care for their growth and his hope for them to carry on endeavors to realize the nation’s dreams.

International Children’s Day falls on June 1 every year.

In May 2013, while inspecting a school devastated by an earthquake in Sichuan province, Xi t

old students to turn their trauma into a source of strength, urging them to be strong, brave and united.

When visiting a primary school in Beijing’s Haidian district in 2014, Xi spoke of the

need to guide children to set high goals and create conditions for them to grow into adulthood.

On June 1, 2015, when speaking to members of the Young Pioneers of China in Bei

jing, Xi called on all Chinese children to learn to be people of integrity, knowledge and responsibility from an early age.

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he Malaysian king said his country is happy to see the

fruitful bilateral ties over the past 45 years, as well as the deepened friendship between the two peoples. Malaysia looks forward to

sustained prosperity and development of the countries’ relations to benefit the two peoples, he said.

Premier Li Keqiang and Malaysian Prime Minister Mahathir Mohamad also exchanged con

gratulations on the Friday anniversary. They vowed to expand practical cooperation.Beijing opened its first

bicycle-only road at 7 am Friday morning, and our reporter Cao Zinan became one of the first cyclists to try it out.

Follow Cao in this video, and get a glimpse of the 6.5-kilometer-long bikeway in northern Beijing.

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Xi calls for bolstering reform, developmentonomic gro

Xi Jinping, general secretary of the Communist Party of China Central Committee, called on Wednesday for further efforts to prevent and eliminate major

problems in the nation’s reform and development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks whil

e presiding over a key meeting of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

Substantial and resolute efforts must be made to prevent major contra

dictions and outstanding problems through coordinated planning and targeted mea

sures to make reform better serve the country’s economic and social development, Xi said.

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employment market, based on big data of online recruit

 this year was 1.68, down from 1.91 in the first quarter of 2018. Although the figure was above 1, the balance line, it was the first decline since the beginning of 2018.

About 8.34 million new college graduates and 2 million migrant workers are expected to enter the job market this year. Added to the list of job seekers woul

d be those who lose their jobs because of the industrial structural transformation and special type of job see

kers such as veterans. This means at least 12 million urban jobs have to be created this year.

Still, the employment pressure this year is not overbearing for two re

asons. First, the number of job seekers has not increased considerably from last year.

In fact, the number and ratio of China’s working-age people have both d

eclined for the seventh consecutive year. Over the past seven years, China’s working-age

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also said it is delaying its launch of Huawei’s 5G smartphones.

Jia Mo, an analyst at Singapore-based market research company Canalys, said the delayed prod

uct releases in certain markets will harm Huawei‘s smartphone business, but Huawei is working on its ow

n mobile operating system, which can help relieve some pressure in the domestic market.

On Thursday, in response to media reports that UK chip firm Arm Holdings told its staff to suspend dealin

gs with Huawei, Ren Zhengfei, CEO of Huawei, said in an interview with Chinese financial media website Caixin that his co

mpany has acquired a permanent licensing of the ARM architecture, the basis for Huawei to design its chips.

Arm China also said in a reply to China Daily that “we are in active com

munication to find appropriate solutions that comply with current laws and regulations”.

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ietnam surpassed India to become the largest buyer of Chin

a’s photovoltaic products. Export value to Vietnam rose 239 times to $739 million in the fi

rst quarter, taking up 16.8 percent of China’s total photovoltaic export value.

With the European Union ending its anti-dumping and anti-subsidy meas

ures, photovoltaic exports from China to Europe also saw large increase in Q1.

The country’s photovoltaic products export volume to the Netherlands and Spain increased 1,049.6 percent and 158.3 perc

ent, respectively, in the first quarter, said the report. It predicted that the emerging markets, such as Mexico, Aus

tralia, Turkey, and the United Arab Emirates will further boost the export of China’s photovoltaic modules.

The export of China’s photovoltaic products to the United States dropped 28.9 pe

rcent to just 0.01 GW in the first quarter, the report said. The Section 201, Section 3

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I cannot believe this could happen during the world cha

championships,” said Guan, also President of the Chinese Taekwondo Federation. “This is the first time I have seen such kind of thing.”

Zheng, who had beaten Walkden three times in a row, took a dominant lead of 20-10 in the closin

g stages of the women’s over 73km category final, but the referee disqualified Zheng alleging she had committed 10 fouls during the bout.

Wakden then secured her third successive world taekwondo title by the referee’s punitive declaration.

“Our athlete has worked very hard for this gold medal and it was taken away so easily by the referee. This is very dirty.”

Guan said that the Chinese team will launch an appeal to the World Taekw

ondo, the sport’s world governing body, and the International Olympic Committee (IOC).

“We will definitely appeal to the decision,” he said. “And this refe

ree’s qualification should be stripped of. This scandal is a serious damage to our sport.”

cn-yongan.com

They will also increase the number of personnel exchan

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.

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