The term middle-income trap, first used by the World Bank in 2006, refers to a stage - generally, slower growth - an economy reaches after becoming a middle-income society. The middle-income trap, as such, reflects the inadaptability of the industrial development model.
What are the biggest problems facing humanity? A lack of education and opportunity, poverty, inequality, violence and war, and environmental degradation.
The Belt and Road Forum for International Cooperation, which is scheduled for May 14-15 in Beijing, presents the world a golden opportunity to seek cross-continental development cooperation featuring inclusiveness and openness.
The outline for a national internet strategy, issued in July last year, also drew up a road map to build China into an internet power, including raising its power of discourse concerning the global governance system for the internet.
BEIJING NEWS REPORTED THAT the online platform Xingqiu is suspected of organizing gambling in the guise of live broadcasts. It recruits young women to host online guessing competitions and attract people to bet with virtual currency that must be purchased with real money. Some players have reportedly lost over 1 million yuan ($145,180) within a few months. The newspaper comments:
SUN YAT-SEN UNIVERSITY in Guangzhou, South China's Guangdong province, has reportedly started denying residents access to the campus and requiring its students to present valid student cards before they can enter. Beijing Youth Daily commented on Tuesday:
SOME BEGGARS in Jinan, East China's Shandong province, use two-dimensional quick response codes so those passersby willing to give them money can directly transfer money to their account by means of their smartphones. Beijing News comments:
The 6.9 percent economic growth China recorded in the first quarter of this year beat market expectations. Before the figure was released by the National Bureau of Statistics on Monday, many analysts had expected the economy to expand 6.8 percent in the January-March period, the same rate as in the last quarter of 2016.
According to a recent report jointly published by the World Health Organization and United Nations Development Programme, the economic losses associated with tobacco use in China were about 350 billion yuan ($50.82 billion) in 2014 and more than 1 million people die of tobacco-related diseases every year.
ON APRIL 6, the State Council, China's Cabinet, issued a document mapping out a guideline for work on food safety in 2017 with the goal of ensuring people's health and safety. According to the guideline, a legal framework for food safety should be established and law enforcement enhanced to severely crack down on illegal activities such as producing or selling fake and adulterated food. The Mirror comments:
A MAN RUNNING A CONTACT LENS BUSINESS in Shenzhen, South China's Guangdong province, reportedly spent four days making dozens of phone calls and paying visits to several offices, trying to submit the needed documents to the local food and drug bureau. Southern Metropolis Daily commented on Monday:
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