High-tech manufacturing, the service industry and the digi

ital economy will be the new engines for the economy, while some traditional driv

ing forces, such as injecting funds into the market, are losing momentum, Zhu said.

China’s total GDP exceeded 90 trillion yuan ($13.4 trillion) in 2018, and the per capita GDP was

about $9,700. Economists predict that if the country maintains growth of at least 6 percent this

year, which is likely given the current momentum, its per capita GDP this year would surpass $10,000.

That means China would move closer to the standards for a “high-inco

me country” — above $12,736 in per capital GDP — set by the World Bank in 2015.

However, a productivity slowdown, aging population and unbalanced regional development could be among the “bot

tlenecks” that constrain China in becoming a high-income country, economists said.

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Given the pressure of the slowing global economy, a high

degree of leveraging maintains the top risk for China’s economy, thus

measures should continue to reduce the debt-to-GDP ratio “in proper order”, said Lou Jiwei, ch

airman of the National Council for Social Security Fund and a former finance minister.

It is necessary to build a long-term and efficient mechanism for financial regulati

on and fiscal supervision, and to prevent potential risks in the property sector, Lou said.

The three-day China Development Forum has a guest list of more tha

n 150 international delegates, including global industry leaders.A new round of high-level

economic and trade consultations, headed by United States Trade Representative Robert Lighthizer on the US

side, will kick off on March 28 in Beijing, the White House confirmed on Saturday.

“At the direction of President Donald J. Trump, United States Trade Representative

Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will travel to Beijing, China, for prin

cipal-level meetings starting on March 28, 2019, to continue negotiations aimed at improving the trade rel

ationship between the United States and China,” the White House Press Secretary said in a statement.

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Thai voters cast ballots in first general election since 2014 coup

BANGKOK – Thai voters flock to polling stations across the c

ountry on Sunday for the country’s first general election since the 2014 coup.

Eligible voters have been lining up at polling station since 6:00 am local time. Prime Min

ister Prayut Chan-o-cha cast his ballot at a station in Bangkok at about 8:30 am local time.

The prime minister asked voters to use their rights properly to bring about unity and better development of the country.

High ranking government officials and leaders of political parties also showed up at polling stations in the morning.

Deputy Prime Minister Prawit Wongsuwan reiterated that security of the coun

try is the top priority of the government, ruling out political unrest during election.

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Volunteers inundate blood donation center near explosion site

After an explosion at a chemical plant killed 47, residents of Xiangshui county in Jiangs

u province have flooded centers to donate blood for the severely injured survivors.

There were so many people coming in to donate blood

that the organizers at one center ran out of application forms, China Daily discovered Friday afternoon.

“On average,People wait in line to donate blood at a donation point after

a deadly chemical factory blast killed dozens in Xiangshui county in Jiangsu province on Frid

ay people have to wait for at least five hours for their turn,” said Meng Xianghua, a me

mber of the local labor union that has been assisting in the drive to build up blood supplies following the blast.

He said one of his neighbors came in at 8 am Friday and had to wait until 1:30 pm to d

onate. “There are so many people coming that we failed to count how many people have donated so far,” he added.

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Charles is an artist and an academic. He is someone who

 think, both of our country should be very proud to have a friend, a representative like him,” he said.

At present, there are more than 800 13-18-year-old students at the

School, including nearly 60 Chinese students, most of whom are from Hong Kong.

Uppingham school was founded in 1584. The famous British educator Edward Thri

ng (1821-87) used to be its headmaster and took the lead in proposing the concept of “all-around education”.

Thring opened the first school gymnasium in England, introduced wood and metal workshops, and provided a sw

imming pool. In academic matters he stressed sound training in mathematics, the classics, and music. In 1869 he fou

nded the Headmasters’ Conference, an organization that had a great influence in English school education.

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Fans have now seen the home side lose its opening game

of the China Cup in three consecutive years-2-0 to Iceland at the inaugural

edition in 2017, and 6-0 to Wales last year.

Thursday’s defeat-the first test of newly appointed coach Fabio Canna

varo who is also helming CSL side Guangzhou Evergrande-was harder to swallow bec

ause Team China had defeated Thailand in the round of 16 at the Asian Cup in the United Arab Emirates in January.

The 45-year-old Caannavaro, who took over from compatriot Marcello Lippi last week, has made headlines and triggered controversy because of the dual club-and-country role.

“China now has the financial power to bring the best coach to manage its team, but that cannot bring any improvement overnight,” Cannavaro said after the loss.

“You need to set up a sustainable system in order to develop soccer over the long term.

“China cannot improve with only good tactics. I found that problem during this year’s Asian Cup. And what I saw tonight confirmed my judgment.”

qianpbd.com

Belt and Road youths to show speaking talentEnglish Speakin

The Belt and Road Youth English Speaking Competition took place in Hangzhou, Zhejiang province on March 23.

The event brought together 31 contestants from about 30 countries and regions involved in the Belt and Road Initiative.

Jointly organized by China Daily, Hangzhou Municipal Govern

ment and the English-Speaking Union, the event aims to provide a platform for youngsters to ga

in a deeper understanding of China through language and cultural exchange and foster cross-cultural communication.

The Second Beilun River Bridge opened to traffic on March 19. It connects the Chinese city of Dongxi

ng with the Vietnamese city of Mong Cai, two important trade cities along the border between the two countries.

The new bridge spans 549 meters across the border river between China and Vietnam and is built to the first-class high

way standard. Construction started in 2014 and was completed in late 2017, costing a total of 220 million yuan ($33 million).

qhfccc.com

Bank of Beijing planning venture with Dutch lenderCo Ltd said

Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the esta

blishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.

With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, whic

h is still waiting for regulatory approval, may become China’s first commercial lender in which a for

eign shareholder has a controlling interest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.

Drawing on the experience of ING Bank in the successful development of direct ba

nking services, the joint venture will build a brand in the area of digital banking with the help of financial tec

hnologies and try to become a benchmark in terms of the implementation of China’s push to further open

up its financial sector to foreign investors, said the mid-tier commercial lender BOB in an announcement.

Different from the traditional counter-based model, the direct banking model uses e-cha

nnels to provide financial products and therefore has no restriction of time, regions or geographic branches.

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But information has been slow to emerge and communicati

  ion with affected areas remains limited. On Monday, Mozambican President Filipe Nyusi said that “everyth

ing indicates that we can have a record of more than 1,000 dead” — a figure that some experts now believe could be conservative.

  The mortuary at the central hospital in Beira “is full and dozens of bodies need to be

removed and handled in a dignified way,” according to IFRC. Beira is still flooded, which makes it impossible to bury bodies, IFRC said.

  It is premature to say how many people have died while affected areas remain i

naccessible, Stephen Fonseca, regional forensics manager at the International Committee of the Red Cross (ICRC), told CNN.

  On Friday morning ICRC set up a new base in Chimoio, near the border with Zimbabw

e. Fonseca said identifying victims is “a monumental task” that will take months or years rather than days or weeks.

  ”The agony of not knowing what happened to your loved one in a disaster like Cyclone Idai is

indescribable,” Diane Araujo, an ICRC delegate deployed to Beira, said in a statement Friday.

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But he also saw people heading back towards the flood zon

  Cyclone Idai made landfall in Mozambique on midnight local time on

Thursday, March 14, with 175 kph (109 mph) winds,

  It wasn’t the strongest storm to have hit Mozambique, but the region had

recently been deluged by heavy rains. After lingering off the coast for days, gatherin

g strength, Idai finally dumped a huge amount of water on Beira — a city of

500,000 people — destroying “90%” of the area, according to aid agencies.

  One week later, thousands of people remain missing across Mozambique,

Malawi, and Zimbabwe. Millions of others acr

oss have been left destitute without food or basic services, according to reports.

he high commissioner for Mozambique in the UK, Filipe Chidumo, said

Wednesday that the country needs “a sustained effort on part of the

Mozambican government as well as the inter

national community” to help rescue stranded people, and provide, food,

sanitation and water for those at risk.

  ”This is a big tragedy of biblical proportions,” he said, adding that major

work will be needed, including the restor

ation of electricity, water and sanitation to prevent the emergence of waterborne

diseases, as well as repairs to public infrastructure.

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