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

leyishengpx.cn

 

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.

www.pldyjo.cn

The Portuguese president is in Beijing on a state visit.

He also attended the Second Belt and Road Forum for International Cooperation, which concluded on Saturday.

Bilateral trade reached over $6 billion last year, a year-on-year increase of 7.4 percent, according to the Ministry of Commerce.

Rebelo de Sousa said the two countries should translate their long-term friends

hip into future-oriented partnership, adding that he is fully confident of the prospects of the ties between them.

He said his attendance at the forum demonstrates his country’s

resolute support for the initiative. Portugal wants to build even closer links with China in trade, i

nvestment, science and technologies and culture, and develop the third-party market cooperation, he said.

Portugal supports intensification of European Union-China partner

ship and jointly safeguarding multilateralism and promoting free trade, he added.

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President calls on think tanks to boost teamwork, Belt, Roa

President Xi Jinping called on Wednesday for exchanges and cooperation between Chinese and foreign think

tanks for more high-quality research results to push Belt and Road construction to a higher level.

Xi made the remark in a congratulatory letter to the i

naugural meeting of the Belt and Road Studies Network held in Beijing on Wednesday.

The launch of the think tank network took place ahead of the Second Belt and Road Fo

rum for International Cooperation being held from Thursday to Saturday in the capital.

Xi said in the letter that the development of history, the prosper

ity of civilizations and the progress of mankind are closely connected with the guidance of advanced thought.

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Digital trade enabled up to 3.2 trillion yuan of econo

omic value in the domestic economy in 2017, equivalent to nearly 4 percent of China’s 82.08 trillio

n yuan GDP that year.This is significant, considering the economic value estimated for other Asia-Pacific economi

es ranges between 1 and 3 percent, said the Hinrich Foundation’s Director of Public Affairs and Strategy Berenice Voets.

The potential economic value of digital trade is expected to be the equivalent of 22 percent of China’s projected GDP in 2030, accor

ding to the report, outlining an optimistic outlook for digital trade development in China in the following years.

Li is scheduled to have talks with EU leaders, attend high-level meetings

Premier Li Keqiang touched down at Brussels Airport on Monday, beginning a five-day trip aimed at sending a clear signal to t

he world of the growing mutual trust and deepening strategic cooperation between China and European nations.

Li is in Belgium for the 21st China-EU Leaders’ Meeting. He will also make an official visit to Croatia and at

tend the eighth Leaders’ Meeting of China and Central and Eastern European Countries in the coastal city of Dubrovnik.

oxkinp.cn

After 10 years of development, China’s new energy veh

cles are starting to gain momentum in the private market. With the overall vehicle market remaini

ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and

the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.

China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi

tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs

idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.

The source said the proportion cut is basically consistent with falling ratios of general cost for co

mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend

ed to become reliant on long-standing subsidies, leading to weak competitiveness.

The statement also asked local governments to remove subsidies on purchases o

f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used

to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.

shlfat.com

talian Prime Minister Giuseppe Conte has said he may sig

  a series of memorandums of understanding on Belt and Road infrastructure investments during Xi’s upcoming visit to Italy, Reuters reported. If the

y are signed, Italy would be the first one of the Group of Seven industrialized nations to participate in the BRI.

  Speaking at a news conference in Beijing on Wednesday, Vice-Foreign Mi

nister Wang Chao said the country appreciates Italy’s active involvement in the BRI.

  ”We believe the signing of relevant cooperation documents conforms to the common interests of both countries,” Wa

ng said, adding that Belt and Road cooperation aims to generate mutually beneficial and win-win results.

  Regarding skepticism about the BRI, Wang said practice will prove that the initia

tive will have positive effects on countries’ economic development and bilateral cooperation.

  He added that the infrastructure investment of Chinese companies in Europe is purely business practice and will ab

ide by market rules and business principles on the basis of equality, mutual benefit and transparency.

shlfapp.com

North Korea says it may suspend nuclear talksorth Korea is conside

  North Korea is considering suspension of denuclearization talks with the United States, Deputy Foreign

Minister Choe Son Hui told reporters on Friday.

  ”We have no intention to yield to the US demands [put forward at the Hanoi summit] in any form, nor are we willing to engage in neg

otiations of this kind,” said Choe, according to Russian state news agency TASS, which attended the press event in Pyongyang.

  Choe said the North was deeply disappointed by the failure of the two sides to reach any agreements at last m

onth’s summit between Kim Jong Un and US President Donald Trump in the Vietnamese capital of Hanoi.

  She blamed the breakdown of talks on the US side, saying the Am

erican delegation was being too demanding and inflexible: [The US] “were too busy with pu

rsuing their own political interests and had no sincere intention to achieve a result,” Choe added, according to TASS.

  However, US National Security Advisor John Bolton disputed Choe’s characterization of the breakdown of talks

as “inaccurate” and said he had discussed the reports from North Korea with his South Korean counterparts.

365zuchewang.cn

In a 1966 memo, as Britain prepared to hand the Chago

  Islands to the US, British civil servant Paul Gore-Booth wrote that the aim of the exercise was “to get some rocks which will remain ours.”

  To which British diplomat Dennis Greenhill replied, in a cable brut

ally maligning the population of the Chagos Islands: “Unfortunately, along with birds go som

e few Tarzans … whose origins are obscure and who are hopefully being wished on to Mauritius.”

  Had Greenhill illuminated himself he would have learned that the first inhabitants of th

e Chagos Islands were slaves shipped from Madagascar and Mozambique to work on coconut planta

tions by the French in the 18th century. After the Napoleonic wars, France ceded

the Chagos Islands to Britain.Diego Garcia, the largest island in the Chagos archipelago and site of a majo

r United States military base, located in the middle of the Indian Ocean, was leased from Britain in 1966.

51kuban.com.cn

Govt Work Report outlines opportunities for a better, cleaner China

I always look forward to this time of year. A cold winter has ended, spring has sprung and a sure confirmation is the convening of

the two sessions: The National People’s Congress and the Chinese People’s Political Consultative Conference. It’s a chance to see political, bu

siness and cultural leaders, and to observe the beautiful diversity of China’s traditionally attired ethnic minorities. F

or me, a policy wonk, I especially look forward to watching Premier Li Keqiang’s Government Work Report, whi

ch reviews the nation’s past progress and current challenges, and sets present and future goals.

Usually the GWR is upbeat, reflecting China’s dramatic economic a

nd social progress of recent decades. But the ironic apocryphal Chinese curse often quoted in the

West – “may you live in interesting times” – is true this year. Premier Li did not try to hide this fact. He admitted that Chi

na faced a challenging and complicated international and domestic environment last year that severely im

pacted its economy, although previously announced targets were met. This year will be no less challenging.

ypqsr.cn