um for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.
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icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio
s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so
urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.
But these obstacles are not insurmountable. For one th
ing, developing countries now have huge potential export markets in middle-inc
ome countries, and no longer depend entirely on advanced economies for access to global markets.
Belt and Road can play vital development role
There is also a renewed awareness of the importance of infrastructure in e
nabling growth. In addition to roads, railways and ports, electricity and digital conn
ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install
ation of high-capacity undersea broadband pipes around Africa, represents major prog
roject, including Russia, Egypt and Algeria, and 17 domestic research teams, including on
e from University of Science and Technology of China, have started research on the site, Zheng noted.
The site will “offer research teams with observation equipmen
t, support for outdoor observation and data sharing services”, he said.
Wu Zhongliang, director of the administra
tion’s Institute of Earthquake Forecasting, said the experimental site will help for
m a “united front” at the national and international level to work on earthquake forecasting.
Referring to earthquake forecasting as a hard nut to crack, Wu said the work can
not see marked progress just in a few days, but forecasting capability will be improved a
s technology develops. “If it’s a war between humans and earthquakes, it’s us that will finally win,” he said
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.
Premier Li Keqiang has signed a revised regulation on the disclosure
of government information to better respond to public concerns.
The revision, based on the 2008 version, is aimed at increasing openness of government
affairs and resolving prominent problems in government information disclosure.
It also represents the headway and achievements made in this field over the past years and clarified the scope of governm
ent information disclosure, calling for constantly expanding information disclosure.
Stressing the need to improve the legal rights and interests of the a
pplicants and related parties when applying for information disclosure in accordance with pr
ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num
ber of applicants affecting the normal conduct of government information disclosure.
Efforts should be made to improve the effectiveness of government information disclosure by using information techn
ology, to enable government information to play its due role in serving the people, it added.
hinese sales of passenger vehicles, MPVs, SUVs and minivans in March dropped 12 percent on a yearly basis to 1.78 million units.
This is the 10th consecutive monthly decrease, according to the C
hina Passenger Car Association (CPCA), Changjiang Times reported.
The MPV sector saw the largest sales decline, 20.2 percent to 130,000 units in the pas
t month, while SUVs and sedans dropped 10.7 and 12 percent, respectively.
The decreases in 2019’s first quarter are mild compared with those at the end of the last year, CPCA said.
As the State-VI emission standards will be implemented from July 1 this
year, some Japanese brands have launched corresponding products ahead of their co
unterparts, and performed well in sales and consumer confidence, CPCA said.
“Automobile sales in North China, and those in the county and township level, are still weak,” the association added.
point in its economic development are far more important than whether its slowdown is
a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This
is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco
me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the
temporary effects of periodic exogenous disturbances－such as deleveraging, global slowdowns, or even trad
e wars－catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh
rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.
And fifth, productivity growth is far more important than GDP gro
wth in determining a country’s development prospects. As such, I would be far more wor
ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod
uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi
s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.
year. We must build a presence there.”In the fourth quarter of 2018, Oppo outcompeted Samsung to
become the largest smartphone vendor in Thailand with a market share of 22.2 percent, gro
wing about 70 percent year-on-year, according to the market research company Canalys.
Its products and services are also well received in other South Asian and Sout
heast Asian countries, including India, and African countries such as Kenya.
In 2018, Oppo shipped 113 million units of smartphones wor
ldwide, garnering a global market share of more than 8 percent, according to IDC data.
Other Chinese smartphone makers, including Huawei, Xiaomi and Vivo, are also looking beyon
d their home turf for growth. In this context, Oppo believes it has an edge over others as it first started its i
nternational journey as early as in 2009 in Thailand, much before others jumped on the going-global bandwagon.
hinese women are buying more for themselves than they have in the past, according to a new report on Chinese women’s consumption.
