More efforts are needed to make breakthroughs in core technologies, advance infor mation infrastructure construction and provide further impetus to the digital transformation of ind ustries, said a senior official at the Second Digital China Summit, which opened in Fuzhou, Fujian province, on Monday. Huang Kunming, a member of the Political Bureau of the Communist Party of China Central Committee and head of the Pu blicity Department of the CPC Central Committee, called for more work to accelerate the research and de velopment of 5G, as well as promote the building and application of the Beidou Navigation Satellite System. Huang said achieving breakthroughs in coreRead More →

The call made by Xi Jinping, general secretary of the Communist Party of China Central Committee, for more study of the May Fourth Movement, will help younger generations better understand the value of its spirit, observers said. Xi underlined the need to strengthen studies of the May Fourth Move ment and its spirit during a speech at the group study session of the Political Bureau of the C PC Central Committee on Friday, according to a news release issued on Saturday. This year is the 100th anniversary of the movement launch ed by young intellectuals and participated in by people from all walks of life.Read More →

Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday. Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond ucted by the Academy of Defense Science on Wednesday,” the KCNA reported. The design indexes of the weapon, with advantages of “the p eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con ducted in various modes of firing at different targets,” the report said, giving no details of the weapon. “Tactical”Read More →

cting the Indonesian capital Jakarta with Bandung, is now under construction, after China and Indonesia signed an agreement in October 2015 to establish a joint venture to build and operate it. As a part of the Belt and Road Initiative projects in Indonesia, the high-speed railway is th e first to use China’s high-speed railway standards, technologies and equipment on a foreign line. It being constructed and operated by a China-Indonesia consortium of firms led by China Railway Corp an d Indonesian state-owned PT Wijaya Karya Tbk, and is to be funded mainly by loans from China Development Bank. The high-speed rail, the first ofRead More →

growth-and with good reason. China sustained an average annual growth rate of 10 percent from 1980 to 2011, unprece dented for a large economy. Since 2012, however, the annual growth has slowed down with the Government Wor k Report presented recently by Premier Li Keqiang setting a growth target of 6-6.5 percent for 2019. For China doubters, this is a “gotcha” moment. After all, the premier’s grow th target implies a 40 percent deceleration from the “miracle” trend. This seems to vin dicate warnings of the dreaded “middle-income trap”-the tendency of fast-growing developing economies to re vert to a much weaker growth trajectory just whenRead More →

udents’ trust. Upon arrival, they were not only faced with the high altitude and thin ner atmosphere, but also naughty students with a low level of basic knowledge. Wang Qiming, a history teacher from Huai’an city, Jiangsu, said he experienced some friction when he taught his first class in 2015. “The students knew less than those in Jiangsu. They didn’t behave well in class or listen to me, so if the situation had not been handled carefully-if I had become impatient or irritated-the tension could have been harmful,” he said. Wang decided to proceed slowly and adjust his schedule to match t he students’ poorRead More →

for a “high-income country” — above $12,736 in per capital GDP — set by the World Bank in 2015. However, a productivity slowdown, aging population and unbalanced regional developme nt could be among the “bottlenecks” that constrain China in becoming a high-income country, economists said. Given the pressure of the slowing global economy, a high degree of leveraging maintains the top risk for China’s econ omy, thus measures should continue to reduce the debt-to-GDP ratio “in proper order”, said Lou Jiwei, chairman of the National Council for Social Security Fund and a former finance minister. It is necessary to build a long-term and efficient mechanismRead More →

  at 18.39 trillion yuan ($2.74 trillion), well below the official ceiling of 21 trillion yuan. The loc al debt ratio of 76.6 percent is also much lower than the international warning line of 100 percent to 120 percent.   The government has said there will be no major changes in the government debt ratio in the years to come versus the level in 2017, and, more important, it has vowed to increase the transparency of government debts.   Hopefully, this will help root out the exaggerated fears about a syste mic financial meltdown, so that doomsayers will no longer have an excuse to cry wol f.n 2018,Read More →

  movies in real life? In Tallinn, it’s where the curtains are raised to reveal everything you dreamed the winter to be. The stone city of Talli nn has every one of its medieval buildings and picturesque streets covered in a blanket of snow during the winter.   Although the old town is enchanting every other day, the Christmas winter pushes this quality up a notch. While ta king in the sight, you can enjoy locally made soup and fresh hot serves of glogi. By now, the Tallinn Lake must have becom e iced and you can go ice-skating on it. Or you might just want toRead More →