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The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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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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The overall stability of China-US relations over the pa

four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti

ankai, Chinese ambassador to the US, in his remarks during the awards presentation.

“And the essence of the 40-year story is amity between the peoples, which lays the foundation for

and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou

ntries through the My China Album series will always “be a source of inspiration and motivation for us”.

Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro

ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.

“I was so honored to win first place in this year’s My China Album,” said

Max Horne, an incoming Harvard University freshman who visited Yunnan province years a

go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”

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Using a variety of advanced technologies-augmente

 reality, artificial intelligence, virtual reality and human-computer interaction-scenes are create

d based on ancient Chinese classics, such as the Classic of Mountains and Seas, in which mythical an

imals appear in forests, lightning flashes, thunder rumbles, wind blows and rain pours.

Visitors can experience primeval nature in a part of the exhibition developed by the Beijing World Horticultural Expo Co

ordination Bureau and the Chinese Academy of Sciences’ Institute of Automation.

In addition, visitors can experience what it’s like to ride in an autonomous vehicle. Three driv

erless vehicles developed by Baidu-two with eight seats and one with four seats-offer rides in the park.

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Apart from proposing to build a community of shared

 future for mankind in his speech at the headquarters of the United

ations in September 2015, and in his report for the 19th National Congress of the Communist Par

ty of China in October 2017, Xi has pledged on different occasions to build a peaceful, safe, prosperous, open, inc

lusive, clean and beautiful world to let the sunshine of a community of shared future for mankind illuminate the world.

The world, which is going through a phase of adjustment that fea

tures huge development and fundamental changes, faces great and unfamiliar turbulent situ

ations — the overall trends of peace and development are irreversible, while instabilit

y and uncertainty are prominent. Some problems and challenges are unprecedented, and the int

ernational community faces crucial choices concerning the future of the world and the fate of humanity.

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Xi said China’s moves to boost opening-up follow from

 an independent choice based on the objective need of the country’s reform and development.

This is helpful in promoting high-quality growth, meeting the people’s need

s for a better life and promoting peace, stability and development of the world, he said.

China also hopes that other countries will create a good investment environment, treat Chinese enterpris

es, students and scholars equally and create a friendly environment for their normal international exchange activities, Xi said.

Xi pledged to take stronger measures to promote international cooperation in protecting intellectual pro

perty, which he said is not only crucial to protecting the legal rights of companies but also to promoting high-quality growth.

China will enhance policy coordination with the world’s major economic entities and j

ointly promote the robust, sustainable, balanced and inclusive growth of the global economy, he said

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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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Much work remains in Sino-US trade negotiations

China and the United States have made new progress in negotiating the text of an econom

ic and trade deal, but much work remains to be done, the Ministry of Commerce said on Thursday.

Negotiating teams from the two countries are hashing out the text of the deal, including

an enforcement mechanism, on the basis of mutual respect and benefit, said Gao Feng, ministry spokesman.

The remarks came as the world’s two biggest economies have been i

ntensifying their consultations and aiming to break the deadlock in a timely manner.

In the most recent round of trade consultations, the negotiators discussed technolo

gy transfers, protection of intellectual property rights, nontariff measures, the service sector, agriculture, tra

de imbalances and enforcement mechanisms, according to earlier reports.

The American Chamber of Commerce in China said in a recent white paper that the US business commu

nity in China, long an advocate of good bilateral relations, can no longer be relied on to be a positive anchor.

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After making a couple of reconciliatory gestures, suc

ch as freezing nuclear and missile tests and demolishing some test sites, Pyongyang want

s something in return. Which is not unreasonable, but so far has not been forthcoming.

Washington should not anticipate Pyongyang denuclearizing in a wholesale, one-off mann

er. After all, its nuclear missile programs are the sole bargaining chip it has in its hands.

Rather than surrender its nuclear arsenal in a wholesale manner, it is in Pyongyang’s best inte

rests to turn its engagement with Washington into an arms control regime between two nuclear states.

It may be that a third Trump-Kim summit happens. But meaningful hea

dway in denuclearization entails more than what the two sides appear ready to offer at the moment.

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