information technology, had confirmed at the Boao Foru

um for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities in the teleco

mmunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite th

e commercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fol

dable smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

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China is an important stakeholder in Arctic affairs,” Wang

“The country has always adhered to international treaties, such as the Charter of the United Nations, the United Natio

ns Convention on the Law of the Sea, and the Spitsbergen Treaty, as well as other international laws and upheld the p

rinciple of respect, cooperation and common winning and sustainability when actively participating in Arctic affa

irs and contributing Chinese wisdom and power in the sustainable development of the Arctic region,” he said.

The annual Arctic Circle Forum, established in 2013 and initi

ated by Iceland’s then-president Olafur Ragnar Grimsson, is a platform to help the inter

national community care for, understand and protect the Arctic and discuss Arctic governance.

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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The Belt and Road Initiative, which originated in C

 China but belongs to the world, has become an open and inclusive platform for international cooperation and a well-recog

nized global public good thanks to the concerted efforts of the parties involved, Xi said.

Calling think tanks significant forces for Belt and Road constructi

on, the president said developing think tank exchanges and cooperation helps deepen mu

tual trust, unite consensus and promote the BRI to achieve high-level development.

He expressed the hope that the think tank network would develop in-depth academic exchanges to promote solid coope

ration under the BRI and contribute to the building of a community with a shared future for mankind.

Also on Wednesday, a ceremony to mark the release of the English and French editions

of a compilation of remarks by Xi on the Belt and Road was held in Beijing by the State Council Information Office.

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Premier Li signs revised regulation on gov’t informati

Premier Li Keqiang has signed a revised regulation on the disclosure

of government information to better respond to public concerns.

The revision, based on the 2008 version, is aimed at increasing openness of government

affairs and resolving prominent problems in government information disclosure.

It also represents the headway and achievements made in this field over the past years and clarified the scope of governm

ent information disclosure, calling for constantly expanding information disclosure.

Stressing the need to improve the legal rights and interests of the a

pplicants and related parties when applying for information disclosure in accordance with pr

ocedures, the revision also made necessary stipulations on the improper exercise of application rights by a small num

ber of applicants affecting the normal conduct of government information disclosure.

Efforts should be made to improve the effectiveness of government information disclosure by using information techn

ology, to enable government information to play its due role in serving the people, it added.

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Thus, another feather in China’s cap is its establishme

nt of a comprehensive social security system in record time. Having set up the foundation,

it can now focus on targeted improvements. For example, in 2017, China provided special funds for pre-preg

nancy and other medical checkups for women, benefiting 12 million women, or 91.7 percent of the target group.

The country’s modernization could not have occurred without the people increasing their capabilities. Beyond general educ

ation for the population, the government has increased the knowledge and experience of officials to be at the fore

front of solving problems. Specialist schools and academies have been set up in multiple fields, including a national soci

al security school in Beijing to build the capacity of social security officers across the nation.

It is the totality of the Chinese experience over the past four decades, in rebuilding the

country in so many ways, that has become an inspiration for other countries. C

hina has been a diligent student learning from others. Today, it also has many experiences to share with the world.

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Fourth, the daunting challenges that China faces at this po

point in its economic development are far more important than whether its slowdown is

a gap or a trap. What comes after the catch-up to advanced economies operating on the technological frontier? This

is where China’s stated goal of shifting from imported to indigenous innovation comes in. Middle-versus high-inco

me status is a relative comparison for developing economies seeking to operate on that frontier. Notwithstanding the

temporary effects of periodic exogenous disturbances-such as deleveraging, global slowdowns, or even trad

e wars-catching up to the frontier and joining others pushing to move beyond it is the ultimate reward of economic development. That goal is ensh

rined in President Xi Jinping’s aspiration for China to achieve high-income status by 2050.

And fifth, productivity growth is far more important than GDP gro

wth in determining a country’s development prospects. As such, I would be far more wor

ried about China falling into a productivity trap than a GDP growth trap. A new study on total factor prod

uctivity (TFP) by a team of Chinese researchers offers some comfort here. Like the work of Pritchett and Summers, thi

s latest assessment of Chinese TFP growth reveals several discontinuities over the past 40 years.

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In a spectacular display of indecision, the House of Comm

ons has voted against remaining in the EU and every version of leaving the EU,” tweeted James Cleverly, the Conservative Party’s deputy chairman.

Nevertheless, some proposals fared better than May’s deal had done two weeks ago, and parlia

ment was due to hold more indicative votes on Monday after refining the options most likely to secure a majority.

Many Conservative eurosceptics had made clear they would only c

onsider supporting May’s deal if she gave a firm commitment to resign, hoping a new leader

would be more sympathetic to their views when negotiating the terms of Britain’s future relationship with the EU.

“I have heard very clearly the mood of the parliamentary party,” May told a meeting of Conservative lawmakers (MPs).

“I know there is a desire for a new approach – and new lead

ership – in the second phase of the Brexit negotiations – and I won’t stand in the way of that.”

But within hours of May’s offer, the Democratic Unionist Party, which props up her minority gov

ernment, said it would vote against the deal if May brought it back a third time.

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The Olympic giant slalom champion won three giant slalo

  Hirscher’s season tally of 10 wins was reduced to nine after the Court of Arbitration for Sport upheld Stefan Luitz’s ap

peal against a doping violation and reinstated the German’s victory in Beaver Creek on December 2.

  Luitz was disqualified when he was photographed inhaling oxygen from a mouthpiece between the fi

rst and second runs. The International Ski Federation (FIS) ruled it was against anti-doping rules at FIS events. Luitz lodged an app

eal on January 29 and it was heard on March 11. The panel ruled that the World Anti-Doping Code prevails over FIS laws.

  ”FIS fully accepts the decision of CAS and all World Cup records and the World Cup star

ting list for giant slalom has been adjusted to reflect the decision,” said an FIS statement.

  Visit CNN.com/Sport for more news, features and videos

  Pinturault won the giant slalom in Andorra to seal second place on the overall season standings and become the most s

uccessful French ski racer ever with a 23rd World Cup win, eclipsing compatriot Carole Merle, who retired in 1994.

chinacctm.cn

ercent from 8.1 percent at the end of December, the central

It’s hard to say that China entered a new cycle of credit expansion,” said Zhang Ming, chief eco

nomist at Ping An Securities. “For the whole year, the overall financing growth and money supply is expected to stabilize.”

Fast credit expansion means higher pressure on companies to repay debt and interest, and the space for sustainable credit growth i

s limited, given the current leverage level. Total outstanding debt has exceeded 250 percent of GDP, Zhang said.

The good news is that credit has been channeled effectively into the production sector, such as manuf

acturing and high-tech, and the healthier credit structure can support the overall economic r

estructuring reform, said Ruan Jianhong, head of the central bank’s statistics and analysis department.

hina and the United States will continue economic and trade consultations in Washington ne

xt week, after reaching consensus in principle on major issues during their high-level Beijing talks, State media reported.

According to Xinhua News Agency, the two sides had in-depth communication on topics of mutual concern including tec

hnological transfers, intellectual property rights protection, nontariff barriers, the service industry, agr

iculture, the trade balance and an implementation mechanism, as well as on particular issues of concern to China.

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