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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.
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.
Zimbabwe to help families who don’t have access to phone or internet find their missing relatives.
About 1.7 million people are affected by Cyclone Idai in Mozambique, Malawi and Zimbabwe, according to UNICEF.
”The situation on the ground remains critical,” said Christophe Boulierac, UNICEF sp
okesperson in Geneva, describing the scene in Beira.”There is no electricity or running water.”
Thousands of people are congregating in informal camps in desperate c
onditions, according to UNICEF representative Marco Luigi Corsi, who has traveled to affected areas.
Taylor, 62, who has lived in Mozambique for 10 years, became stranded on Satur
day on the highway to Zimbabwe from Beira, where Cyclone Idai made landfall, after flood waters one-meter high blocked the road.
At 3 a.m. on Monday, he abandoned his car and joined the stre
ams of people wading in the pitch black through the waters along the raised highway.
mental illness and not go back to work until he recovered.”The utmost goal is like Zhuge Liang (of the Three Kingd
oms), who became a senior official to serve the country,” Shen said. “What comes second is to be like Du Fu (a reno
wned poet in Tang Dynasty known for his patriotism), who always puts the country’s and the people’s interests first.”
“Over the past 26 years, no one from the office has ever asked about me,” Shen told Red
Star News. The auditing office of Xuhui district hasn’t responded to comment as of press time.
Shen also denied online rumors that he graduated from Fudan University and once lost a daughter to a car crash.
“I have never been married, so how could I have a daughter,” he retorted. “Me, a Fudan graduate? Fudan was far out of my league.”
After days of being bombarded with visits and interviews from curious citizens or online streamers, who
are tapping into his sudden popularity for public exposure, Shen said he hopes he can be left alone so as to read more books.