Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

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plemented more favorable visa policies for Chinese student

he said. The report also found that studying overseas is no longer limited to wealthy fam

ilies, and the number of students from middle-class families studying overseas keeps growing.

According to the survey on parents’ professional backgrounds, most parents whose children prefer studying overseas hold o

rdinary positions at work, accounting for 43 percent of the total, up 14 percentage points from 2015.

Parents who are middle-level managers accounted for 35 percent, and those who are high-level executives accounted for 22 per

cent, the report said. The number of students studying overseas for master’s degrees continues to increase, a

counting for 70 percent of the total, up from 57 percent in 2016. They are studying ov

erseas to obtain higher academic qualifications and be more competitive in the domestic job market, it said.

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He underscored the importance of information technol

ogy to the country and people, and called for propelling the development of cloud computing, big data, artificial intell

igence and the industrial internet in a bid to advance the building of a digital China and a smart society.

He also said more work is needed to promote the integration and sharing of infor

mation resources between urban and rural areas to narrow digital gaps and unleash the vitality of digital sectors.

Zhuang Rongwen, head of the Cyberspace Administration of China, said enterprises are being encouraged to ramp up inve

stments and make breakthroughs in core technologies, and to make full use of international innovative resources.

Zhuang also called for speeding up the commercialization of 5G a

nd the deployment of the Internet Protocol version 6 network, as well as pushing forw

ard the digital economy so as to cultivate new driving forces and promote high-quality development.

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The glazed tiles on the top of the China Pavilion are i

 in fact a type of aluminum alloy that can be used to imitate the shape of traditional Chinese a

rchitecture at a low cost. It is an example of how modern technology is applied at the ex

hibition,” Li Liang, a designer of the pavilion, was quoted by Beijing Daily as saying.

By installing rainwater collection devices on the roofs and tanks beneath the pavili

on, a mini ecological circulation has been created by gathering rainwater to irrigate the terraced fields.

Shen Yanyan, who camea with her family from Jiangxi province for a visit, said that

although she didn’t know much about design, she felt the building was “very cool”.

“We saw its shiny roof upon entry to the park and we were immediately attracted,” said the 33-year-old. “The Chin

a Pavilion is not only beautiful outside, but also inside. My mother is very happy to see flowers from so many pro

vinces and regions of the country, and all are well-trimmed and placed in the pavilion’s exhibition halls.”

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Last year, we issued an announcement offering op

portunities for all UN member states to propose experiments they want to conduct using China’s space station,” said Simone

tta Di Pippo, director of the UNOOSA. “We have received more than 40 proposals before the deadline for sub

mission. We will announce the winners probably by the end of June after evaluation.” Di Pippo said these on the sideli

nes of the fourth China Space Day on April 24 to mark the anniversary of the country’s first satellite launch in 1970.

Moreover, Pakistan intends to send one of their astronauts to China’s space station by 2022, A

mer Nadeem, chairman of Space and Upper Atmosphere Research Commission in Pakistan, said after

the opening ceremony of China Space Day in Changsha, Hunan province, on Wednesday.

“Hopefully, the agreement on the matter will be signed very soon. We will select the candidates based on the agreement. Also, they

will come to China for some parts of the training,” Nadeem said. He added that Pakistan and China will furth

er enhance cooperation on several space projects focusing on satellite networks in future.

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Such studies must aim to make it clear why the CPC coul

ld shoulder the historical responsibility of leading the people in realizing national indep

endence, people’s liberation, national prosperity and happiness for the people, Xi said.

By doing so, it should be made clear why socialism has taken root and continues to improve and de

velop in China so as to guide people to draw lessons and wisdom from history, and foster stronger confi

dence in the path, theory, system and culture of socialism with Chinese characteristics, he added.

He called for in-depth studies of the great significance of patriotism, progress, democracy and science advocated in the movem

ent so that its spirit can motivate young people to make unremitting contributions to national rejuvenation.

Xi also underscored the importance of responding to why the theme of contemporary Ch

inese youth movements should be to strive to achieve the Chinese Dream of national rejuvenation, require all aspects of socie

ty to care for and serve the youth, and also create a sound environment for them to develop, innovate and undertake pioneering work.

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Other revisions in the draft are made in light of new

progress of reforms and new developments of the capital market.

A draft amendment to the law was previously submitted to the top legislature for first reading

in April 2015, mainly to meet the legislative demand of reforming the IPO system toward a registration-based one.

The first draft also improved rules on developing a multi-layer capital market system, strengthen

ing investor protection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to im

prove regulation on such areas as stock trading, acquisitions of listed firms, information disclo

sure and investor protection. The second draft also demanded the State Council to gradually advance the IPO sys

tem reform in accordance with authorization granted by the top legislature.

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nd Turkey, disruptions to the auto sector occurre

rred in Germany, and financial tightening in larger adva

nced economies have all contributed to a “significantly wea

kened global expansion”, said IMF Chief Economist Gita Gopinath.

“With this weakness expected to persist into the first half of 2019, o

ur new World Economic Outlook projects a slowdown in g

rowth in 2019 for 70 percent of the world economy,” she wrote in a blog on Tuesday.

With improved prospects for the second half of 2019, global growth in 2

020 is projected to return to the 2018 level of 3.6 percent, according to the IMF report.

“This recovery is precarious and predicated to reboun

d in emerging markets and developing economies, wher

e growth is projected to increase from 4.4 percent in 2019 to 4.8 percent in 2020,” Gopinath said.

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The number of unicorn companies in Haidian makes

 up a fifth of the total number in China. Up to 51 companies in the district realized annual revenue of more than 10 billion yuan. Baidu Inc, Cambricon Techno

logies Corp and Beijing Dream Ink Technologies Co have become global leaders in various cutting edge technologies.

“The fruitful results in Haidian’s scientific innovation sector are due to the increasing investment i

n research and development,” said Dai Binbin, head of the district. “In 2018, Haidian’s R&D intensit

y was 4.6 times the national level, and higher than levels in the Republic of Korea and Japan.”

Beijing’s Xicheng district, where many domestic and oversea

s financial companies and organizations are located, has carried out a series of policies to boost the

financial sector’s development, and is another example of the capital’s high-quality growth.

For instance, the district government provides subsidies of up to

50 million yuan to newly set up financial organizations. For financial companies that m

ove into the district, the government gives subsidies to help them offset rent and capital purchases.

For high-end talent, both local and foreign, the district offer

s better resources in medical care, education and living arrangements.

www.changjiucf.cn

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