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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the country will basically realize rural and agricultura

al modernization and ensure that both urban and rural residents enjoy equal public services.

By the middle of this century, digital villages will be completely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the constructi

on of IT infrastructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital techno

logies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

www.cctif.cn

Wakden then secured her third successive world taekwond

Guan said that the Chinese team will launch an appeal to the World Taekwo

ndo, the sport’s world governing body, and the International Olympic Committee (IOC).

“We will definitely appeal to the decision,” he said. “And th

is referee’s qualification should be stripped of. This scandal is a serious damage to our sport.”

Booing drowned out any cheers from British fans as Walkden was announced as the winner and Zheng refused to ack

nowledge the Briton’s victory before sensationally collapsing on the podium and leaving the competition area in tears.

“I have been doing this sport for 16 years, but this is the first time I have realized that a taekwondo match could be played like this.

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The operation of the infant ward was suspended, and the

e hospital was ordered to solve management problems rela

ting to the case, check on the condition of the surviving babies and console the parents.

A deputy director of the health bureau of the Shunde district of F

oshan, Guangdong, was also fired, and others deemed responsible were punished.

No new case has been reported in the hospitals that have treated the affected babies.

The provincial health commission has ordered all t

he medical institutions in the province to check their infection-control procedures.

The viral strain that affected the infants was identified by the commission as Echo 11. It is an intestinal virus to which child

ren, especially infants, are susceptible. It is closely related to a respiratory infection.

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Uber was the biggest of a group of Silicon Valley startu

ups that have spent years raising money in private rounds at record prices. Many of these com

panies are now looking to follow with their own IPO. Some, like Uber and Lyft, are unprofitable.

Workplace messaging company Slack Technologies Inc plans to hold an investor presentation on Monday in adv

ance of its direct listing next month. Grocery and food delivery platform Postmates, WeWork owner The We Co

mpany and online mattress retailer Casper Sleep are among startups seeking to launch IPOs this year.

“If a venture capital investor wants to burn cash they can do that as long as they want, bu

t once you get to the public markets you have to show profitability or a path to it,” said Jordan Stuart, a po

rtfolio manager at Federated Kaufmann who often purchases companies’ shares during an IPO.

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China is an important stakeholder in Arctic affairs,” Wang

“The country has always adhered to international treaties, such as the Charter of the United Nations, the United Natio

ns Convention on the Law of the Sea, and the Spitsbergen Treaty, as well as other international laws and upheld the p

rinciple of respect, cooperation and common winning and sustainability when actively participating in Arctic affa

irs and contributing Chinese wisdom and power in the sustainable development of the Arctic region,” he said.

The annual Arctic Circle Forum, established in 2013 and initi

ated by Iceland’s then-president Olafur Ragnar Grimsson, is a platform to help the inter

national community care for, understand and protect the Arctic and discuss Arctic governance.

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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.

www.trwater.com.cn

As the world’s second-largest movie market with a grow

th rate of more than 9 percent three years in a row, the Chinese film market is extreme

ly open and inclusive with outstanding movies from around the world, fine works of Hollyw

ood in particular, being screened in China even before they are shown in other countries.

This shows China’s decision to open up its film market in the trough in 1995 was absolutely right. Since then the quota for Hollywo

od movies has been significantly raised from the initial 10 films a year. The opening up of the Chinese movie ma

rket proves that the more open and inclusive a film market is, the higher the number of good films it will generate o

wing to the active and beneficial exchanges with the world’s most advanced filmmaking countries.

The remarkable performance of about a dozen Chinese movies in recent

years makes it clear that well-made films that showcase Chinese culture and touch Chin

ese people’s hearts could not only become smash hits but also help spread Chinese culture. Which g

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Overholt said “the list of issues that President Xi has

addressed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Initi

ative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need to

know the details” of how the promises would be delivered, Overholt said.

Xi, citing the old Chinese saying “honoring a promise carries the weight of gold”, pledged to install a binding mec

hanism for international agreements, to make sure governments at all levels operate in well-regulated wa

ys, and to update laws and regulations to abolish unjustified practices, keeping in line with the needs of opening-up.

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The telecoms leader will also invest $300 million

annually to support academic research on basic science, technology and technological innovation, said Xu Wenwei, Hu

awei’s director of the board and president of the company’s newly established Institute of Strategic Research.

Huawei posted first quarter revenue of 179.7 billion yuan last Monday, a year-on-year growth of 39 percent.A new burst of messa

ging against China has been unleashed again by Australian newspapers and the Four Corners pro

gram of the Australian Broadcasting Corporation, giving the impression that hostile forces are threatening Australia. In Ma

ch, former Australian foreign minister Gareth Evans said, “a new form of Sinophobia is emerging”. He said this is on

e of the reasons Chinese-Australians are under-represented in senior leadership in Australia.

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