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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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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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One business sector increasingly interested in CBD ist

the pet-product industry.The English county of Surrey hopes to move to the front of the race to dev

elop closer ties with China’s Liaoning province following a visit by its governor, Tang Yijun, and the

mayor of Shenyang, Jiang Youwei.Bill Bookout, president of the National Animal Supplement Council representing m

ore than 230 brands in the industry, said CBD is “the hottest thing” that he has seen in his 20 years in the field.

Pet owners want to use CBD products to provide relief to their pets for thin

gs like anxiety, pain and seizures. Brightfield Group forecasts that the CBD pet market will

grow at an annual rate of 151 percent between 2018-22 to a market size of more than $1 billion.

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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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In its first quarter report this year, Tesla revealed that i

t it expects its second-generation Model 3 production line at its Shanghai plant to

cost 50 percent less per unit than its factory in Fremont, California.

CEO Elon Musk also said in April that the gigafactory in Shanghai expects to produce 1,000 and 2,000 vehicles a week

But China CDC says more efforts still needed to hit nation’s reduction target

Smoking has been declining on the Chinese mainland, but m

ore efforts are needed for effective tobacco control, according to a survey released on Thursday.

Last year, 26.6 percent of the population 15 years old or above across the mainland were smokers, according to the survey, which

was conducted by the Chinese Center for Disease Control and Prevention between July and December.

by the end of the year, the report said.

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Xi calls for bolstering reform and developmentforts to p

Xi Jinping, general secretary of the Communist Party of China Central Committee, called

on Wednesday for further efforts to prevent and eliminate major problems in the nation’s reform and

development against the backdrop that uncertainties and instabilities are on the rise.

Xi, also Chinese president and chairman of the Central Military Commission, made the remarks while presiding over a key meeting

of the Central Committee for Deepening Overall Reform. He is the director of the committee.

Saying China is facing profound changes in its reform and development against the backdro

p of increasing external uncertain and unstable factors, Xi said the country must maintain a strategic focus.

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The capital issued blue alert for strong winds on Sunda

with five suburban districts of Tongzhou, Yanqing, Changping, Huairou and Shunyi upgrading it to yello

w alert later. These areas were hit with strong winds as high as 8-9 grades, with gales reaching 10 grade

at some places. According to forecast, the wind could still be as high as 7-8 grades on Monday.

The gale toppled a wall near Dongzhimen Bridge in downtown Beijing, hitting three pedestrians,

two males and one female. Two of them died at the scene and one at hospital, Dongcheng District said via Sina Weibo.

Food delivery service Meituan said one of its deliverymen was hit and killed by a fallen tree when delivering food.

The speed of wind reached 10-15 meters per second at the Capital International Airport starting from 10 a

m Sunday, with gales as fast as 20-25 meters per second, the airport said. Due to the strong wind, th

e operational ability of the airport dropped and remained low until 7 pm Sunday.

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Through its app, customers can watch their coffee being

Luckin raised $561 million in its initial public offering Friday by selling 33 million American depositary shares at $17 apiece.

The ADS, which are trading on Nasdaq under the symbol “LK,” closed at $20.38 after rising as high as

$25.96 earlier in the day.Museums are not only there for enjoyment; they are education, and as such should be free.

While I can appreciate the enormous costs involved in maintai

ning and obtaining collections, let the wealthiest 1 percent of the country pay for it.

The Met in NYC is technically free; they ask you to give what you can afford. But the idea

of a person or child interested in art not being able to view it because of cost is morally wrong.

Free entrance does not attract people, nor does it encourage them to appreciate it

www.cn-yongan.com

n macroeconomic terms, the China-US trade dispute ha

as added huge uncertainties to the US economy and raised the likelihood of recession. Which could

thwart the US president’s chances of being re-elected in 2020. And the trade dispute could pre

vent the US from taking the measures it intends to in order to consolidate its national power.

As for China, the significant deviation in the US’ stances and objectives

in the trade talks should be a warning for it to more strictly stick to its principles. And the

fact that the US wants to challenge the laws of economics should not be reason for China to try to do the same.

China may grant official 5G licenses, instead of the interim licenses previously planned, to tel

ecom carriers this year and is likely to start commercial use of the superfast wireless technology na

tionwide in the near future, possibly as soon as October, according to people familiar with the matter.

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Meditation is the easiest way for people to reduce pr

essure, and psychological experts say that thinking of nothing is a mental

adjustment for people, which is

good for health as it can reduce the risk

of anxiety and depression by 25 percent, according to Workers’ Daily.

If people can’t manage their emotions effectively under high pressure, it will

harm their family life, work and social life, experts say.

The suggestion sparked reaction from netizens, with Sina Weibo user

Happy little witch123 asking, “Is it ok if I

accumulate the daily five minutes and me

ditate a hour on one day?” A WeChat user named yuenyuen said, “I’m not

bragging but I can meditate for a whole day.”

Just 20 days after the opening of a

museum of broken relationships in Taiyuan, capit

al of North China’s Shanxi province, its owner joked that it was turning into a blind date site, thecover.cn reported.

Since it opened to the public on April 25, the museum has received 500 visitors every day, aged between 16 and 25.

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