Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

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hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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i also called for the two countries to further enhance

exchanges between their legislatures, political parties, youth, think tanks, media

and local authorities to cement their people’s support for friendly bilateral ties.

Bhandari said the joint building of the Belt and Road is a historic initiative and has an important global influence.

The initiative has served as a good platform for Nepal-China cooperation, she said.

The Nepali president expressed her congratulations on the

70th anniversary of the founding of the People’s Republic of China, and said

it is admirable what the Chinese people have achieved under the leadership of the Communist Party of China.

China is a true friend of Nepal, and Nepal sees opportunities in China’s prosperity and stability, Bhandari said.

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The book includes 42 articles drawn from speeches an

 public remarks made by Xi from September 2013 to July 2018.

Since Xi proposed the BRI in 2013, he has spoken about the initiative on many occasions.

The discourses have provided guidance for the country to develop international cooperation, i

mprove global economic governance and promote the building of a community with a shared future for mankind.

Russia – There is no alternative to the peaceful solution of nuclear and

other issues on the Korean Peninsula, Russian President Vladimir Putin said Thursday, follow

ing a meeting with top leader of the Democratic People’s Republic of Korea (DPRK) Kim Jong-un.

Russia, for its part, is ready to continue cooperation to reduce tensions on the peninsu

a, and to strengthen security in Northeast Asia as a whole, said Putin at a reception in honor of Kim.

Putin said he was convinced that with active participation of the international community and all inte

rested states, the goal of ensuring lasting peace, stability and prosperity on the Korean Peninsula can be achieved.

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Some facts may be twisted and distorted to sensatio

nal proportions. But nothing can obliterate the tangible benefits the development initiative has brought. In less than six

years, the nascent Belt and Road are already changing development landscapes in multiple places and dime

nsions. Thanks to the initiative, East Africa has seen its first expressway, the Maldives its first cross-sea bridge, Belar

us its own car-manufacturing enterprise, and landlocked Kazakhstan finally has access to the sea.

And while China-Cambodia trade may not look to be in perfect balan

ce at this point, Belt and Road cooperation between the two neighbors is laying a solid fo

undation for the latter’s future progress. Take the Sihanoukville Special Economic Zone for instance. An exem

plary project under the framework of the Belt and Road Initiative, it is expected to host 300 enterprises, create 100,0

00 industrial jobs, and serve as a resident-friendly new community housing 200,000 people.

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AI major now available at universitiesigence-powered

Universities in China will welcome the first group o

f undergraduate students majoring in artificial intelligence in September.

According to a list issued by the Ministry of Education, 35 universities received approval to establish th

e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.

They include many prestigious universities such as Beijing Jiao

tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.

Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho

ol plans to enroll about 30 undergraduate students majoring in AI in September.

There might be more students majoring in AI who transfer from other m

ajors through a selection process if the new major proves to be successful, he said.

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The core of Beijing’s high-quality development is to

 better deal with the relationship between ‘capital’ and ‘city’, which is to strengthen the four funct

ions of Beijing — the national center of politics, culture, international communications and scient

ific innovation,” said Cai Qi, Party secretary of Beijing, last month during the two sessions.

According to the municipal authority, the new economy — industries with intensive innovation a

nd knowledge — now makes up 33 percent of the city’s economy, and this ratio is expected to keep growing.

President Xi Jinping’s three-nation visit to Europe last month prod

uced tangible fruits and showed that despite any differences that may exist between China and

the European Union, they have the common desire to strengthen cooperation.

Thanks to mutual efforts from both sides, China-EU interaction has been displaying good momentum. Over the years, their economic

interests have become increasingly intertwined, and people-to-people exchanges have flourished, formin

g a solid foundation on which bilateral ties have been able to grow and prosper in an all-around way.

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The Jiangsu teachers are scheduled to stay for two

t many find that period too short to bring effective improvements to their students, so each year at least half choose to stay longer.

Qian was one of the first Jiangsu teachers to arrive when the school was established

. He could have left long ago, but once he stood in front of a class, he knew he would stay for a long period.

“I believe that love is the cornerstone of education. It is the process of nurturing a life, and it wo

rks very slowly. So, as an educator, you have to be patient and have real affection for people,” he said.

With rising incomes and desires for a better life, Chinese consumers are paying more attent

ion to the quality of products, inspiring creativity and innovation in a bid to get notice from customers.

Some realistic dog-shaped cakes have become wanghong or “internet famous”, at Chinese bakeries.

Let’s see some very special dog cakes, made by bakers from all over the world.

deng-di.cn

More Myanmar parents are willing to send their children

the school because speaking fluent Chinese is necessary for them to work in China or do business with China, Sun said.

The government in Ruili has invested 2.6 million yuan ($388,000) in improv

ing school facilities, including building a new school building, canteen and playground. The sch

ool has established a special foundation with donations from teachers, parents and officers at the insp

ection station to sponsor impoverished Chinese and Burmese students in pursuing their studies, he said.

Ruili, an important land port for southwestern China, is described by a famous Chin

ese song, There is a Beautiful Place, which describes its natural beauty and colorful folklore.

At the school, the students also can be heard singing another so

ng, “Two countries, one school, hand in hand, heart to heart, forever love.”

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Explosive device found in Ireland appears similar to thos

  A “viable improvised explosive device” contained in a plastic envelope was found in

a postal collection center in Limerick, western Ireland, the Irish police said in a statement.

  Police were alerted to a suspicious item shortly after 6 a.m. local time on Friday, authorities said in an earlier statem

ent. The army’s bomb disposal team arrived at the An Post’s collection center at 9:50 a.m. local time, where the package was found.

  ”On arrival a cordon was established and the building was evacuated for the duration of the operation. A viable impr

ovised explosive device contained in a plastic envelope was identified and made safe,” the Irish police statement said.

  London’s Metropolitan Police is cooperating with the Irish police on these investigations, both forces

said in separate statements on Friday. group calling itself the IRA previously claimed responsibility for sending five packages cont

aining improvised explosive devices to the UK earlier in March, but British police said they had only recovered four.

  On March 5, three devices were sent to major London transport hubs — Waterloo Stati

on and offices at Heathrow and City Airports — in what police said appeared to be part of a “linked series.”

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