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 idea of setting up such a museum came to Kang wh

en he visited a museum of broken relationships in Chengdu, capita

l of Southwest China’s Sichuan province, with two friends in January. They tho

ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship.

They acted fast and opened the museum after three months’ preparation.

The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who

ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items.

China has several museums of broken relationships now, in Nanjing, Chen

gdu, Xi’an, Wuhan, Beijing, Chongqing, Jinan, Harbin, Changsha, Guangzhou and Changchun.

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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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The Organizing Committee on Friday also unveiled its

 plans for volunteer recruitment and training. International recruit

ment, which will be launched in December through an online system, aims to select 27,000

volunteers to directly serve the Games’ operation, while another 80,000 or so will work as city volunteers.

The Games’ official mascot will be unveiled in the second half of this year.

hina expects to participate in more international assessments of t

he impacts of climate change and human activities on Arctic ecosystems, a senior official said.

Protection of Arctic species and the natural restoration of ecosystems can be a key in such cooperation, said Wang Hong,

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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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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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But despite being forced to work overtime without ge

tting due remuneration, very few employees use the Labor Law to defend their rights, because it is not easy for them to seek legal redress for their grievan

ces. For example, workers spend a lot of time and money to furnish effective proof that they were asked to work a

nd indeed worked overtime. By so doing, they could even lose their job – as employers could sack them for poor performance.

Interesti2365zuchewangcn-/ngly, Liu Qiangdong, founder and CEO of JD.com, used his WeC

hat account to say he now follows a “8116+8” schedule (8 am to 11 pm, six days a week, and 8

hours on Sunday, with only two days off a month), arder when he started his company. Had

he not followed the schedule, JD.com might not have survived the fierce competition from other internet companies.

Although Liu said he would not force his employees to work accordin

g to the “996″ schedule, he would want them to work as hard as he did during the initial years of JD.com.

It is therefore important that standards to calculate workload per da

y should be set and quantified, and supervision over the exploitation of labor made s

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China-led project expected to enhance space research

The ongoing China-led international collaboration project Tianq

in, a space-based gravitational wave detection syste

m scheduled to be completed by 2035, is expected to significantly improve unders

tanding of major cosmic phenomena, including black holes, scientists said.

Tianqin uses the Chinese words tian, meaning sk

y or heavens, and qin, meaning stringed musical instrument.

It will consist of three satellites forming an equilater

al triangle around Earth at an orbit of 100,000 kilometers.

Tianqin will work to detect gravitational waves, whic

h scientists theorize are ripples in the fabric of space-time caused by violen

t cosmic events, such as colliding black holes, supernovas and even the birth of the universe.

www.yt178.cn

This is an unprecedented move,” said Robert Mann

 president of R.W. Mann & Co, an aviation consulting firm. “I think it will be a good thi

ng for Max aircraft, but I’m not sure it will be a good thing overall if it creates an international bureaucratic proce

ss for future certification that will take longer than any individual oversight agency would now require.”

James Hall, managing partner of Hall & Associates, an aviation consulting firm in Washin

gton and former chairman of the NTSB, said it’s unclear how the FAA’s new panel will m

esh with investigations of Boeing launched by the US inspector general, US Justice Department and Congress.

“Will the technical review team look at the certification pro

cess, or is it an attempt to get the plane back in the air?” Hall said. “We’ll see.”

Boeing said it would work closely with the new task force.

“We welcome the Joint Authorities Technical Review and look forward to working wi

th the panel,” Paul Bergman, a spokesman for Boeing in Seattle, said in a statement. “Safety is our top priority.”

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Second, a fixed trap threshold of $16,000-$17,000 may be

 be a great literary device, but it makes little sense in a dynamic global economy. Since early research on the middle-income trap was published in 2012, the world economy

has grown by about 25 percent-presumably boosting the moving target of a middle-income threshold by a comparable magnitude over t

hat period. Largely for that reason, recent research has couched the trap not in terms of an absolute threshold, but as relative convergence to high-income cou

ntries. From this perspective, danger looms when developing economies’ per capita income approaches 20-30 percent of the level in high-income economies. Giv

en that China will hit about 30 percent of the United States’ per capita GDP (in PPP terms) in 2019, it must be time to worry!

Slowing growth not as alarming as feared

Third, not all growth slowdowns are alike. A country’s GDP is a broad aggregation of a multiplicity of activities across sectors, busin

esses and products. Structural shifts from one sector to another can give the appearance of a growth discontinuity that may be nothing mo

re than the outcome of a deliberate rebalancing strategy. This is very much the case with China today, given its shift from

higher-growth manufacturing and other “secondary” industries to slower-growing services, or “tertiary” industries. To the extent

that this shift is the intended result of China’s strategic rebalancing, a slowdown in growth is far less alarming.

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