and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.
Many Chinese economists cite long-term supply-side structural factors－such as demographic agi
ng, environmental degradation, and a lack of progress on reform－to argue that China has simply en
tered a new stage of development, characterized by significantly lower potential growth rates.
Structural factors don’t explain falling growth rate
While this may be true－everyone in China agrees that 9-10 perce
nt annual growth rates are a thing of the past－there is no clear indication of how much Chin
a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam
ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.
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.
ctural reform and consolidate outcomes in its efforts to cut overcapac
ity, reduce excess inventory, deleverage entities and lower costs, the statement said.
More efforts will also be made to strengthen the dynamics of micro-entities, im
prove industry chains and ensure unimpeded flow of goods and services in the national economy.
The meeting also pledged major new outcomes through enhanced reform and opening-up.
More work will be done to seize new opportunities, improve scientific
and technological innovation capacity and speed up green development, said the st
atement, which also stressed the need for the country to take part in the reform of the global economic governance system.
It is also important to resolutely guard against the practice of forma
lities for formalities’ sake and excessive bureaucracy, as well as prevent fraud to ens
ure implementation of requirements set in the Central Economic Work Conference.
Qiu Yanpeng (middle), deputy commander of the PLA Navy, attends a press confer
ence for the upcoming multinational naval activity to mark the 70th anniversary of the People’s Liber
ation Army Navy at the press center in Huanghai Hotel in Qingdao, Shandong province, Ap
ril 20, 2019. About 200 journalists from home and abroad attended the press conference.Chinese Navy
will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in t
he sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shan
dong province, becoming the first foreign warship to arri
ve ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from
Monday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sympo
siums, public tours of ships, military music performances and other cultural exchanges.
Chinese Navy will send 32 warships and 39 aircraft to take part in a joint sea parade in waters near Qingdao.
Nearly 20 ships from about 10 countries will participate in the sea parade on Tuesday, deputy commander of the PLA Navy Qiu Yanpeng said.
A Singapore Navy frigate arrived on Friday in Qingdao, Shandong province, becoming the first for
eign warship to arrive ahead of a grand event to honor the 70th birthday of the People’s Liberation Army Navy.
The PLA Navy will hold multinational naval activities in Qingdao and nearby waters from Mo
nday to Thursday to celebrate its founding anniversary. They will include a joint sea parade, high-level sy
mposiums, public tours of ships, military music performances and other cultural exchanges.
A press center opened on Wednesday in Qingdao for the upcoming multi
national naval activity.eputy commander of the PLA Navy, attends a press conference for the u
pcoming multinational naval activity to mark the 70th anniversary of the People’s Liberation Army Navy at t
Apple Inc on Friday said it is canceling the AirPower wireless charging mat that
the company announced in 2017 on t
he same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.
The mat was intended to wirelessly charge up to three Apple products at
once, such as an iPhone, Apple Watch and AirPods wireless headphones.
While wireless charging has spread through the gadget industry, chargi
ng three devices at once with higher wattage “fast charging” has proved challengi
ng. Furniture seller Ikea, for example, sells a $60 matt that can handle three
phones but it only features slower 5-watt charging.
In a statement, Apple said that it had concluded that its AirPower mat “will
not achieve our high standards.”
“We apologize to those customers who were looking forward to this launch,”
Dan Riccio, Apple’s senior vice president of Hardware Engin
eering, said in the statement. “We continue to believe that the future is
wireless and are committed to push the wireless experience forward.”
ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.
Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia
ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.
Many Conservative eurosceptics had made clear they would only c
onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader
would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.
“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).
“I know there is a desire for a new approach – and new lead
ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”
But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov
ernment, said it would vote against the deal if May brought it back a third time.
llati said, noting that the Italian and Chinese peoples have always trusted each other and
maintained profound friendship, with close ties in such fields as economy and trade, and culture.
The Senate speaker said she agrees with Xi on his remarks about the traditional friendly exchanges between the two cou
ntries dating back over 2,000 years, published in leading Italian newspaper Corriere della Sera ahead of his visit.
China and Italy are major countries that boast a rich culture, she said, adding that Italy is willing to boost communication and c
ooperation with the Chinese side in such fields as culture, art, language, heritage protection, tourism, science and tec
hnology, and innovation, and encourage their youths to increase exchanges and mutual understanding.
Preparation work for China’s ground-breaking science and technology innovation boa
rd is in full swing, with more supporting measures in the pipeline and detailed rules to be an
nounced soon, said China’s securities watchdog and the Shanghai bourse on Wednesday.
“On the whole, related work for the new board has gone rather smoothly. And we will continue to make solid and me
ticulous preparations to launch this major reform in an effective way,” said Yi Huiman, the newly appointed chairman of
the China Securities Regulatory Commission, when convening his first-ever press conference on Wednesday.
Detailed rules of the new board will be available soon to take effect, after necessary mod
ifications in line with public opinions solicited, based on the draft version, said Huang Hongyuan, ge
neral manager of the Shanghai Stock Exchange, the bourse that will launch the board.
“We will receive listing applications after the regulations are available,” H
uang said. How soon the first company will go public on the new board depends on variou
s factors, including preparation progress of the companies and their investment banks, Huang added.
Zhenhua trilogy: “hello old days”, “born like the orange of huainan” and “best we”;But rec