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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Over the past 40 year上海夜网女神会所00 million Chin

Over the past 40 上海夜网女神会所years, more than 700 million Chinese have emerged from poverty.

Since its 18th National Congress in 2012, over 80 million have been lifted out of poverty in

rural areas. The country plans to help over 10 million people emerge from poverty this year.

The CPC is also tasked with various jobs including tackling pollution and foresta

lling and defusing major risks amid a rising tide of unilateralism and protectionism on the global stage.

During an inspection tour in Jiangxi province in May, Xi said the country depends on the fir

m faith and strong will of the whole Party and all people to overcome major challenges at home and ab

road and secure new victories in building socialism with Chinese characteristicsXinhua contributed to this story.

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Schools must provide more opportunities for students exp

experience tr上海品茶微信ansformative technologies. Only then will they be able to tackle the challenges of the ‘Intelligent Age’.”

A futuristic vibe permeates the entire campus. One can witness Xi

aoyi, a teaching aid program, answer students’ questions, while Xiaohuang, a self-dr

iving cart, delivers packages to teachers, and Wukong, a service robot, attends to visitors’ needs.

AI has also been integrated into 36 classes, from classical Chinese literature to biology. Li said the classes are meant to s

toke the students’ curiosity and familiarize them with AI technologies and equipment.

The school also provides intermediate classes on programming languages and web

and上海品茶微信 app design, and advanced lessons in robotics and self-driving technology.

Song Yan, director of the school’s information center, said there a

re plans to have 30 percent of students take part in AI-related courses.

“We want our students and teachers to have ample time to freely explore and innovate with AI,” he said.

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decline from 85 million in 2018 to 42 million in 2040. In th

he next five to seven years, China’s policy support for new energy vehicles will drive g

lobal growth,” said Kou Nannan, head of research at Bloomberg New Energy Finance.

As early as in 2012, the State Council introduced a pipeline to guide the development of the natio

n’s EVs, with a goal of producing 2 million units and selling 5 million EVs by 2020. Later on, cent

ral and local governments carried out a series of subsidy policies in the NEV industry, such as purchase tax exemption an

d purchase subsidies, to offer greater support to the industrialization of China’s NEV industry.

According to the agency, China will specifically lead in the e-bus market. It is estimated that by

2025, China’s e-bus fleet share will reach 50 percent, and by 2040, the ratio will rise to roughly 80 percent.

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hina to remain steadfast protecting national security

First, China has undisputable sovereignty over islands and their surrounding waters in the South China Sea, backed by a wealth of historical and legal basis,” Shao said.

For a long period of time, various nations’ normal passage and flight in the region have never been obstructed. “There i

s no issue over the freedom of navigation and overflight in the South China Sea,” he said.

However, the US has frequently sent vessels and aircraft to trespass into Chinese mar

itime territory and airspace, and has conducted intense intelligence gathering and special drills in the region.

“These actions damage the peace and security of the region,” Shao said. “As a result, the PLA

has installed necessary defense equipment on the islands in accordance with security needs. This is within

the natural rights of a sovereign state, and a necessary measure to counter those provocative actions.”

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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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More nurses sought to treat elderly population

Health authorities will redouble their efforts to train nurses in eldercare as the

proportion of older people in the popula

tion expands and tens of millions of

people struggle with disabilities, a senior health official said on Wednesday.

Jiao Yahui, deputy chief of medical administration and supervision at the Nation

al Health Commission, said there are not

enough nurses to cope with the growing needs of the country’s elderly.

A regulation on the training of healthcare workers and standards of service is being drafted.

It is expected to boost the number of nurse’s aides, Jiao said ahead of

International Nurses Day on Sunday.

The nurse’s aides will complement the work of full-fledged nurses to meet the demand for services for the elderly, she said.

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Australia and Canada remain the third and fourth most p

popular destinations for overseas study, accounting for 18 percent and 1

6 percent respectively, followed by Hong Kong, Germany and Japan, the report found.

The report was based on a survey conducted by Vision Overseas Consulting Co, a subsidiary of New Oriental Education and Technolo

gy Group and Kantar Millward Brown in January and February. The survey covered 6,228 students who plan to go to school ove

rseas or have returned to China after graduation, and their parents. It is the fifth consecutive year the report was released.

Sun Tao, president of Vision Overseas Consulting Co, said: “More students chose to go to the UK for overseas study b

ecause of its high-quality higher education institutions and relatively lower costs compared with the US.”

Many UK universities now offer one-year master’s program, which can

greatly decrease the students’ cost, he said, adding that the UK government has also im

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Since 2013, the BRI, with policy coordination, connec

tivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties as its main goals, has advanced in solid steps, the report said.

“Significant progress has been made, including a number of landmark early results. Participating countries have obtai

ned tangible benefits, and their appreciation of and participation in the initiative is growing,” according to the report.

With a view to building a global community of shared future, the BRI uphold

s the principles of extensive consultation, joint contribution, and shared benefits, the report said.

“Through the initiative China has made a constructive contribution to the reform of th

e current global governance system and to economic globalization,” according to the report.

The report said China would face many problems and challenges in pursuing the BRI in

the future as well as unprecedented opportunities and prospects for development.

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rime scene officials inspect the explosion area at Shangri-La

Of the dead in the blasts, there are 35 foreigners, the police confirmed. Hospital sources

had earlier said nine foreigners were among those killed while 13 others have been injured.

Airline says flights continue despite curfew

SriLankan Airlines is telling passengers boo

ked on flights out of the country that they will be able to fly despite the curfew imposed.

The carrier says in a statement that travelers on all airlines operating out of Bandaranai

ke International Airport can access the airport by showing their tickets and passports at checkpoints.

The airline says security has been tightened at the airp

ort, and it advises passengers to arrive four hours before their scheduled flights.

Both Sri Lankan President Maithripala Sirisena and Prime Mi

nister Ranil Wickremesinghe have condemned the attacks and appealed for calm.

Prime Minister Ranil Wickremesinghe said t

he tri-forces and the police are conducting a thorough probe into the explosions.

In a special statement, the police urged the publi

c to stay indoors and not gather at the explosion sites which had been sealed off.

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