integration－trade, investment and finance－began benefiting large emerging and developing econ
omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m
ust also serve poorer and faster-growing economies, which today account for most of the global growth.
So, by flirting with trade protectionism and punitive tariffs on imports, adva
nced economies are seeking to implement the wrong policies at the wrong time. As the adv
anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco
nomies is not a win-lose game, because it benefits the advanced economies, too.
In the aftermath of the 2008 global financial crisis, all major advanced econom
ies would have faced another Great Depression without the support of large emerging economies, particularly Ch
ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.
car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum
ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.
By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried
out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes
e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh
ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha
n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n
one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue
sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow
outlines of soft tissue have been found at the Burgess Shale in Canada, as well as some by the Chengjiang River in Yunnan province. The
newly discovered fossils provide a completely different ecosystem of organisms that lived around the same time, the study said.
Unlike other Cambrian fossil troves, the Qingjiang biota appears to conta
in a high proportion of jellyfish and comb jellies, which are extremely rare at other sites.
Zhang Xingliang, a professor at Northwest University and co-author of the p
aper, said that compared with the Chengjiang biota in the shallow water along the coast, Qi
ngjiang biota lived in deep ocean, making the two biota complementary in their scientific significance.
“The treasure trove of the Qingjiang biota provides an exciting opportunity to explore how paleoenvironmental conditi
ons influenced ecological structuring and evolutionary drivers during the Cambrian explosion,” said Allis
on Daley, a paleontologist at the University of Lausanne in Switzerland, who was not involved in the study.