Report: China’s speed of development rarely seen

The speed of China’s development has rarely occurred in economic h

istory, with the country’s economic aggregate breaking 90 trillion yuan over the last 70 yea

rs for China to become the world’s second-largest economy in 2018, said financial news outlet Yicai on Friday.

In 1952 China’s GDP was 67.9 billion yuan, with per-capita GDP standing at 119 yuan.

In 2018 the two figures surpassed 90 trillion yuan and 64,644 yuan, making for respective multiplications of 1,325 and 542 times.

The first Five-Year Plan (1953-1957) began China’s industrialization, concentrating efforts on developing heav

y industry and establishing the foundations for the modernization of national defense.

On the plan’s completion in 1957, China’s GDP reached 106.9 billion yuan, a 57 percent increase compared with 1952.

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He recommended that under the normal circumstances

market could deter爱上海同城对对碰mine the RMB exchange rate, but if extreme situations arise, the central bank

can exercise some intervention to prevent spillover effects of exchange rate volatilities on neighboring countries.

Yi, the PBOC governor, said the current fiscal policy package is strong enough to counter headwinds, even if

the situation gets a little worse, and “a discussion” could be opened if the scenario turns “tremendously worse”.

Looking forward, the unemployment rate, rather than the GDP growth rate, should receive more atte

ntion. “The Chinese economy is presently doing reasonably well, and I don’t worry too mu

ch about the unemployment problem. So long as people still have jobs, it’s not a concern if growth slows slightly. But this ma

tter deserves to be very closely watched, particularly as now trade tensions escalate rapidly,” Huang said.

If trade tensions start to have “bigger impacts” on the economy, he said

nd force low-end manufacturers to move out more rapidly, it might increase the pres

sure on unemployment. So supporting domestic consumption and encouraging the development of the servi

ces sector, especially labor-intensive services, could help mitigate the pressure, he said.

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The 5.1 percentage point growth of leverage ratio is

s out of ou上海品茶微信女神会所r expectations, and it was maintained because of countercyclical policies,” said Zhang Xiaojing, a senior economist with the CASS.

But the deleveraging process should continue, and more measures will be introduced to ease the debt burden, especially

for the private sector, said Lian Weiliang, deputy head of the National Development and Reform Commission.

One of the key measures is to further promote the debt-to-equity s

wap program, to inject more social funds into indebted companies through holding the co

mpanies’ shares, the NDRC official said. “We will choose more qualified private companies to join this program.”

By the end of April, the total value of debt-to-equity swap reached 2.3 trillion yuan ($332.8

billion). More than 20 percent was for the centra上海品茶微信女神会所l State-owned enterprises, inclu

ding China Baowu Steel Group Co Ltd, State Power Investment Co Ltd, and China Shipbuilding Industry Corp, acc

ording to data from the State-owned Assets Supervision and Administration Commission.

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Before the accident, she had already finished her thesi

sis writing. She planned to return to Shanghai to complete the or

al defense in late May after finding a job in her hometown, Henan province. But she s

uffered a car accident on her way to attend a job interview a month ago.

Cheng Hao said her sister’s life was saved, but her head, neck and chest must be fixed with brackets, and she cannot feel

anything below her chest. She can only lift her hands and arms a little, and only three fingers out of 10 can move.

“She wants to finish her oral defense of master’s thesis and get a job, like a normal student,” Cheng Hao said.

To fulfill her desire, professors at the university made a decision to hold a special oral defense for Cheng Yanfang.

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Li’s restaurant isn’t the only one to feature “isolated dining” Eater

ries boasting the concept, which originated in Japan, have sprung up in many cities includi

ng Shanghai, Xi’an, capital of Shaanxi province, and Shenzhen and Guangzhou, both in Guangdong province.

Kong Yanling is a big fan of singles-friendly restaurants. The 25-year-old unattached Xi’an res

ident remembers passing a Korean-style chicken restaurant a few years ago and deciding to drop in.

However, the waitress at the door told her the restaurant only served large, shared platters. Kong took the hint and left.

She has also found herself dining with strangers involuntarily when waiters have asked if she minded other people sharing her table.

“I don’t mind eating alone, but sometimes things like that really bugged me. I am ve

ry happy to see more singles-friendly restaurants appearing so there is more choice when eating out,” she said.

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Updates for the Android will be unavailable to Huawei sm

smartphones that run on the system, and

future versions of the company’s handsets will not be

able to use services from Google, including the Google Play Store, Gmail and YouTube apps, which are

not covered by the open-source license and require a commercial agreement with Google, Reuters report said.

Android’s official account replied on Twitter Monday that while th

ey are complying with all US government requirements, “services like Google Play and

security from Google Play Protect will keep functioning on your existing Huawei device.”

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es it a large exporter of manufactured goods to the US and

Given that the US economy is driven by domestic demand, consumption in particular, instead of exports, a high rate of eco

nomic growth will widen the trade deficit, as it would have to import more products than it exports. In such a situa

tion, the implementation of large-scale infrastructure construction projects would further increase the trade deficit.

To make up for the increasing savings gap, the US needs to introduce and use more foreign ca

pital, which will further enlarge the trade deficit. Therefore, the US cannot simultaneously maintain a high g

rowth rate, invest massively in infrastructure, reduce the trade deficit and restrict the inflow of foreign capital.

What is really questionable is that, despite its contempt for over-regulation of the economy, the US administration has been tryi

ng to impose regulations on international trade, even for its trade partners’ domestic economic management.

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Compadrazgo, a Spanish word that literally translates to

co-fatherhood”, is based on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, the go

dfather (known as the padrino) is part of one’s extended family and is expected to h

elp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When used

in Indonesian business, bapakism demands great respect and obedience to one’s supe

rior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was

only in the 1990s that this concept drew global attention. This was partly due to Asian lead

ers like the late Singaporean prime minister Lee Kuan Yew’s and current Malaysian Pri

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The legacy plan for the Olympic and Paralympic Win

ter Games was unveiled in February. Plans aim to optimize the

venues’ designs and operations to be beneficial to the hosting regions after 2022.

“Here, you have the venues from 2008 that are going to be used in 2022 for a complete set of winter sports. This is a wonde

rful legacy story,” said Juan Antonio Samaranch, vice-president of the International Olympic Committee.

Powering all the 2022 venues using green energy while minimizing environmental impacts, while

planning for their post-Games operations, are key in venue preparation this year, Liu said.

To support the preparations financially, Beijing 2022 has signed nine domestic market

ing partners and four second-tier sponsors, while the Games’ licensing program, whic

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They cited a report in February from Trade Partnership World

wide as saying that increasing tariffs on $200 billion of goods to 25 percent, coupled with tariffs already in place — as well as expect

ed Chinese retaliation — would reduce US employment by more than 934,000 jobs and push down the US GDP by 0.37 percent.

According to data from the General Administration of Customs, two-way trade between China and

the US declined 11.2 percent year-on-year to 1.1 trillion yuan ($162.5 billion) in the period from January to April.

The fact that Beijing is still sending a delegation to the US for the trade talks is “very wise on China’s part”, said Gary Hufb

auer, a senior fellow and trade expert at the Peterson Institute for International Economics in Washington.

Douglas H. Paal, vice-president of the Asia Program at the Carnegie Endowment for Internat

ional Peace, said it “makes sense to continue the talks because the alternative would be a drastic signal to markets”.

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