ments in areas such as education, health, climate change adaptation and sustainable infrastructure.
The growth outlook in all major developed economies and most developin
g regions has weakened due to a confluence of both domestic and external factors, the report said.
Following an expansion of 3 percent in 2018, world gross product growth is now projected to moderat
e to 2.7 percent in 2019 and 2.9 percent in 2020, reflecting a downward revision from the forecasts released in January.
The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown, potentially infl
icting significant damage on development progress. Those risks include a further escalation in trade te
nsions, a sudden deterioration in financial conditions, and the accelerating effects of climate change.
he Sichuan-Tibet Railway, the second railway line linking the Tibet autonomous region to other parts of China, will opera
te high-speed trains with a designed running speed of 200 kilometers per hour, thecover.cn reported.
China Railway Eryuan Engineering Group Co Ltd, which is designing the line, revealed a draft plan on Wednesday that tra
ins on the whole Sichuan-Tibet line will travel with a designated speed of 200 km/h, with some segments limited to 160 km/h.
The 1,600-kilometer-long line under construction is designed to start from Chengdu, pass through Ya’an and Kan
gding, then enter Tibet via Qamdo and end at Lhasa. The 140-kilometer Chengdu-Ya’an high-speed railway, whic
h serves part of the Sichuan-Tibet Railway, started operation last year with a maximum speed of 200 km/h.
popcorn,” said Liu Yueming, a technician in the promotion of scientific cultivation i
n the province. “It felt like the surface temperature was as high as 60 C. It’s a catastrophe.”
He said that some springs in a village called Haikou had drie
d up and the villagers didn’t have enough drinking water. “The village has 29 small water res
ervoirs, however, 14 of them have been used up so far. The drought is beyond imagination.”
“The villagers are doing everything they can to have enough drinki
ng water and then to also save as much as possible for their crops,” he added.
The region is also at greater risk of forest fires because of the high temperatures and low humidity.
The Yunnan Meteorological Bureau warned the public on May 13 about more dry
As tours to Xinjiang Uygur autonomous region have become increasingly popular among tourists from home and abroad, local
authorities have announced a plan recently to launch as many as 100 special trains for tourists from May to October.
The local railway authorities will step up cooperation with other part
s of the country to boost Xinjiang’s tourism development, according to Huang Ti
ngfen, deputy general manager of Xinjiang Railway Tourism Development Group.
The trains will provide easier access to both the southern and northern parts of Xinjia
ng, said Huang. It will also be more convenient for Xinjiang residents to travel to other parts of the country.
and enhance intellectual property right protection, Xi said. He called on
the governments to build a stable, fair and transparent business environment, and to he
lp private enterprises and small and medium-sized companies to address their difficulties in finance.
Governments in the central region should attract advanced manufacturing enterprises moved from the coastal reg
ion, take part in Belt and Road international cooperation, enhance the protection of the environment, create m
ore jobs for poverty reduction and make relevant policies to support the rise of the central region, Xi said.
hina will further open and reform its markets, as well as facilitate a predictable busin
ess environment to help companies improve their ability to respond to risks, said the Ministry of Commerce.
President Xi Jinping inspected a company that manufactures high-tech magnetic m
aterials as he kicked off an inspection trip to East China’s Jiangxi province on Monday.
Xi learned about the business operations of the JL MAG Rare-Earth Co Ltd, based in Ganzhou, which speciali
zes in rare earth permanent magnetic materials, as well as the development of the rare earth sector in the city.
Ren Zhengfei, founder and CEO of Huawei, said on Tuesday that the US governm
ent’s 90-day extension “doesn’t mean much”, adding that the company was ready to deal with the ban.
Ren’s comments came after the US Commerce Department said on Monday that it gave Hu
awei a 90-day license to purchase US technologies to maintain existing networks and provide software upd
ates to existing Huawei handsets. That marks a delay of the ban on US technology exports to Huawei.
policies for residence permits and financial incentives to lure more talent.
For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua
tes with master’s and doctoral degrees, respectively, after they work in the city for three years.
Haikou, capital of Hainan province, is attracting college students with a monthly rent s
ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.
Employment, especially some groups such as college gradu
ates and demobilized military staff, remains a priority to the government.
Premier Li Keqiang said at a teleconference on May 13 that employme
nt pressure will be felt this year by a larger number of college graduates. However, promotin
sumers and hundreds of thousands of employees, we ask that you im
mediately stop this action to increase their tax burden,” the group said.
The group’s reasoning echoes an earlier comment from David French,
senior vice-president for government relations at the Nat
ional Retail Federation, who said, “Saying that China is paying these tariffs doesn’t hold water.”
About 99 percent of all shoes sold in the US are imported. Last year alo
ne, it imported 2.5 billion pairs, nearly 70 percent of which came from China, ma
king the Asian country the largest source for US shoe imports, according to statistics provided by the FDRA.
ipsets like Kirin, which has been used in Huawei’s high-end smartphones. In addition to server chips, th
e company has also developed chips for base stations, basebands and chipsets powered by artificial intelligence.
“From chips to its self-developed operating system, Huawei has
long been preparing for independent research and development in core technologies. It has the abil
ity to adjust to changes in the global market,” said Xiang Ligang, director-general of the Information Consumption Alliance.
Huawei has also made preparations with core chipsets. Existing s
tocks are thought to provide the company with a buffer of six months to a year, he said.
The app and database will help us gather more precise and well-rounded data on the population, distribution,