There is a need to cultivate and expand the middle

income grou上海龙凤1314品茶微信p, too. By speeding up the industrial structural adjustment, transformin

g the development model, promoting steady economic growth, and increasing social wealt

h to make a big cake, China can pull more people out of poverty, prevent polarization of social wealth and give peo

ple access to equitable choices and public resources, which are conducive to expanding the middle-income group.

As such, the country should vigorously advance new type of urbanization and modern agricultur

e, make greater efforts to narrow the urban-rural gap, build a modern industrial system and raise the co

ntribution rate of industrialization to social development and take steps to increase people’s incomes.

Development of service sector very important

Equally importantly, China should develop the service secto

r-including financial securities and modern logistics services, and the information technology and c

ultural industries-so that it can absorb surplus labor and promote the transformation of the country’s social and

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to reroute two other packages sent from Vietnam to

addresses elsewhere in Asia without authorization.

“Express service providers should never interrupt normal services for noncommercial purposes,” Ma said.

“FedEx values our business in China. Our relationship with Huawei Technologies and our relationships with all of our custom

ers in China are important to us,” the company said in a statement posted on its website on Saturday.

“FedEx holds itself to a very high standard of service. FedEx will fully cooper

ate with any regulatory investigation into how we serve our customers,” it said.

On Tuesday, FedEx China said in a statement that a small number of Huawei parcels were rerouted by mistake.

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Mercedes-Benz recalls vehicles in China over tyre problem

German carmaker Mercedes-Benz will recall 44,900 automobiles in China due to a tyre problem, according to China’s market regulator.

The recall, starting from Oct 25, was filed by Mercedes-Be

nz (China) Automotive Sales Co. and Beijing Benz Automo

tive Co. It involves its imported and parts of domestically-produced cars manuf

actured between April 20, 2016 and May 4, 2019, according to the State Administration for Market Regulation.

In the process of driving, the defective tyres may bulge due to external forces, causing safety risks.

The company said it would replace the defective parts free of charge.

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Before the development of the possible vaccines, resear

chers in the academy managed to isolate an African swine fever virus at a

farm hit by an African swine fever outbreak last year in Jiamusi, Heilongjiang province. Sub

sequent research was conducted, including on the infectiousness and transmission of the virus.

The Chinese Academy of Agricultural Sciences will also focus efforts

over the next few years on other areas to help fight African swine fever, including tech

nologies that can quickly test for the virus and kill it with high efficiency, according to a plan released by the aca

demy.China has published the most research papers on artificial intelligence around the world, while AI research from the

United States remains the most influential, said a report on AI development released in Shanghai on Friday.

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Data from the US Census Bureau showed that bilater

eral merchandise trade between the two

countries has declined by more

than 15 percent since September 2018, when the second round of tariffs went into effect.

“This has also impacted global value

chains in East Asia and other trading partners,” the report said.

“We’ve seen the trade tariffs that have

been introduced on both sides have already been damaging trade,” said Dawn Holl

and, chief of the Global Economic

Monitoring Branch in the UN Department of Economic and Social Affairs.

Holland said the adverse effects of trade tensions on economic growth in China “has been partly offset by some stimulus measures”.

According to the report, growth in China is projected to moderate gradually from 6.6 percent in 2018 to 6.3 percent in 2019, and 6.2 percent in 2020.

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ei Jianguo, a former vice-minister of commerce, said US bus

inesses and consumers will pay the cost amid hefty levies, which will eventually add significant pressure on the US economy.

The US government’s moves risk sparking a full-blown trade

war with China, and China is fully prepared for any possibility, Wei said.

Economists at Goldman Sachs said in a research note that recent data showed the costs of Washington’s tariffs on China last year

had fallen “entirely” on US businesses and households, with no clear reduction in prices charged by Chinese exporters.

The bank said that US consumer prices are higher, partly because Chinese exporters have not low

ered their prices to better compete in the US market. In addition, some US producers “op

portunistically” increased prices in response to protection from Chinese competitors, it said.

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Online English education sector records 168% growth but ch

nline English-language courses for children saw an explosive growth in 20

18, according to a report released by data-monitoring firm Trustdata on Tuesday.

The report on China’s online English education market for children s

hows that the market had more than 15 million users last year, up 168.3 percent year-on-ye

ar. It’s expected that the market size would surpass 50 billion yuan ($7.3 billion) in 2019.

The market pattern of one-on-one teaching has been gradually for

med and the top brands have secured the lion’s share of the market, as per the report.

Market size doubles in one year

The market size of online English-language education for childre

n was 21.3 billion yuan in 2018, an increase of 104 percent year-on-year, with one-on-one teaching taking

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Fertility rates, meanwhile, remain astonishingly high in

n some countries, especially in Sub-Saharan Africa. In a few of the poorest-Niger, Mali and th

e Democratic Republic of Congo-the rate is 6-7 children per woman. The resulting flood of new ent

rants to the labor market is far outstripping the number of jobs available.

Empowering women key to meeting challenge

No known growth model can accommodate or keep up with this k

ind of demographic surge. Even sustained economic growth of around 7 percent per year

won’t be enough. And although fertility tends to decline as incomes rise, that does not happen immediately. Em

powering women, therefore, may be the most effective way of starting to address the challenge.

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So far, up to 14,000 students in the district have tak

n skating and skiing lessons, said Zheng Shiyong, deputy director of Yanqing district’s education commission.

“We will continue supporting and encouraging more people to participate in winter

sports,” he said, adding that around 17,000 students will experience winter activities by the end of this year.

Some professional winter sports activities have also been designed into the distr

ict’s education plans, with more professional instruction to students, according to Zheng.

The district’s education authorities also cooperated with its sports bu

reau to make winter ice and snow sports available to all residents in the area.

“We will have 110,000 people participating in winter ice and snow acti

vities by 2022 in Yanqing,” said Ma Zhiyong, deputy director of the sports bureau.

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The reform and opening-up policies are exactly the kin

ds of market-driven reforms needed to make this happen. The Chinese government is investing heavily in research

and development, but it should be noted that the R&D spending as a percentage of GDP is still lower than that of the US.

Nobody likes competition against themselves. So, it must be admitted that China’s transiti

on to a high-tech, high-value-added economy will come as a shock to many companies around the world.

The US economy, which has about 7 percent of GDP in high-tech manufacturing, will be lightly affected by this change.

On the other hand, advanced manufacturing contributes around 20 percent of GDP in South Korea, Japan, Ge

rmany and a few smaller European countries. They will be much more directly affected.

China’s transition over the next 10 years will not be painless for its compa

nies or for foreign competitors. But, reform and opening-up policies that create more com

petitive companies and markets are the only way to achieve a richer and more productive world economy in the long term.

www.njyshsnlt.com