Weaker economic growth puts at risk essential invest

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.

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China will further open the financial market to welcom

e more overseas investors in. The cross-border trade and investment will be more free and convenient, said Pan.

He called China’s economy stable, as the major economic indicators were within a reasonable range.

In April, the National Bureau of Statistics said the purchasing ma

nagers’ index for the manufacturing sector stood at 50.1, indicating expansion as the reading was above 50.

The broad money supply, or M2, increased 8.5 percent year-on-year by the end of April, compared with 8.3 percent a year earlier.

“The prudential monetary policy was focused on countercyclical adjustments this year, maintaining flexibility as well as

ample liquidity to promote fast growth of credit and strengthened support of private and small enterprises,” Pan added.

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nd information technology, had confirmed at the Boao Fo

oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities

in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com

mercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold

able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

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Intensified law enforcement also benefits overseas ent

erprises in China. Last year, intellectual property authorities punished violators in more

than 6,000 cases of infringing on rights of trademark registrants from overseas, with a t

otal value of 151 million yuan ($22 million), an increase of 50.1 percent over the previous year, the report said.

An agreement to support young scholars’ research into the Silk Road was signed between China and UNESCO during a ses

sion of the Conference on Dialogue of Asian Civilizations in Beijing on Wednesday.

Under the agreement, an international academic program will be launched with funding of $1 mill

ion from the Chinese government to scholars under 35 years of age from around the world.

Hosted by the Ministry of Education and UNESCO, the session – entitled “Safeguardin

g the Diversity of Asian Civilizations” – focused on cultural interactions among Asian people and disc

ussed challenges in terms of revitalizing the multiple cultures of Asian countries and regions.

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ese civilization greatly promotes progress of human civilization

China’s paper-making, gunpowder, printing, compass, calendar, philosophy and people-oriented view have exerted profound i

nfluence in the world and greatly promoted the development process of human civilization.

Chinese civilization is an open system formed during constant exchanges and mutual learning with other civilizations.

In the future, China will surely embrace the world with a more open p

osture and contribute more dynamic civilization achievements to the world.

Confidence of civilization urged

Asia should enhance confidence of civilization.

We should keep exchanges and mutual learning with other civilization

s in the world, and strive to continue writing new brilliant chapters of Asian civilizations.

We should consolidate the cultural foundation of jointly building Asian com

munity of shared future and a community with a shared future for humanity.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

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A man giving his name as Million Zhao, who has nearly

 followers on Sina Weibo and works as a part-time commercial photogra

pher, said that virtually all his female clients ask him to alter their pictures digitally to mak

e them appear skinnier before they are posted online-even those who are already super-thin.

The 30-year-old also engages in “fat talk” with his fri

ends, and sometimes jokes about his rotund belly to his followers on Sina Weibo.

He said, “Different from women, guys my age or younger engage more in ‘mus

cle talk’ because they want to be bigger and stronger”, while many middle-aged men who h

ave gained weight get caught up in “fat talk”, as they “want to lose weight and be heathier rather than prettier.”

Denise Martz, a professor of psychology at Appalachian State University in

North Carolina, US, said, “Social media is giving women a false sense of how they usually look.

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he scholars suggested that authorities such as th

 National Health Commission should monitor all gene-editing centers and IVF clinics in China to ensure trials are in line with regulations.

A national registry dedicated to clinical trials involving cell technologies should be established to pro

mote greater transparency, they said, so that before a trial begins scientists would need to pass an

ethics review and provide a list of names of all participating scientists and institutions.

Universities and research institutes should strengthen education and

training in bioethics and scientific and medical professionalism, covering research sci

entists and students of science, medicine and the humanities at all levels, they said.

In addition, more efforts should be undertaken to eliminate prejudice against people wi

th disabilities, which exists in the minds of some scholars, they said. Following the gene-edited baby incid

ent, government departments have vowed to improve supervision, and new regulations are being made or revised.

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anqing and Zhangjiakou are preparing another venues, in

including existing ski resorts and some newly built projects, to host all eight Olympic snow sports

in 2022. The three clusters will be connected by a new high-speed railway, which will be completed by t

he end of this year. It looks beyond the Games to boost future winter sports tourism.

According to the organizing committee, all 26 venues for 2022 will be ready by June next year with the f

irst test event, a World Cup skiing series, scheduled to be held in Yanqing’s National Alpine Skiing Center in February.

About 90 percent of the earth moving work for the mountain center is now complete, and a 53-hecta

re forest reserve has been built nearby for transplantation of all the trees affected by the construction.

“The preparations are ready to step up to the next stage, from planning to

the readiness phase. Beijing is ahead in the race against time,” said Liu Yumin, dire

ctor of the planning, construction and sustainable development department of the 2022 Olympic Organizing Committee.

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hinese companies lead in global 5G patent applications with

Huawei ranking first, according to a report by IPlytics, an authorized patent data company.

Chinese companies topped the list for most 5G Standards-Essential Patents applications in communicat

ion systems by the end of April, accounting for 34 percent of the world’s total, The Paper reported Wednesday, citing the report.

Chinese tech giant Huawei has taken a leading role by owning 15 percent of Stan

dards-Essential Patents, according to the report Who Is Leading the 5G Patent Race?

5G SEPs are patents any company will have to use when implementing standar

dized 5G technology and no one can avoid them, giving them key value among all patents.

Three industrial leaders from China were included in the top 10 list of 5

G SEP family owners, with Huawei taking the crown, and ZET Corp and China Academy of

Telecommunications Technology grabbing fifth and ninth places, respectively.

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