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.
traded and they can redirect trade toward one country, away
from others. They cannot directly affect any country’s worldwide current account balance. A count
ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.
There are two ways to reduce the US trade deficit. A serious recession would reduce investme
nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove
rnment system to encourage increased savings. China has almost nothing to do with it.
Ironically, the disputes between the US and China center around both nations’ legitimate desires to
protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.
US administration’s economic policy has rightly focused on the need to
retain jobs for working-class people in the US. And, China’s companies that export to the U
and external shocks from the long-term trend and to conclude that China’s potential growth rate really is 6-6.5 percent.
Many Chinese economists cite long-term supply-side structural factors－such as demographic agi
ng, environmental degradation, and a lack of progress on reform－to argue that China has simply en
tered a new stage of development, characterized by significantly lower potential growth rates.
Structural factors don’t explain falling growth rate
While this may be true－everyone in China agrees that 9-10 perce
nt annual growth rates are a thing of the past－there is no clear indication of how much Chin
a’s growth potential has actually declined. Long-term supply-side structural factors do not explain, for exam
ple, why the growth rate fell from 12.1 percent in the first quarter of 2010 to 7.4 percent in the third quarter of 2013.
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.
ment and progress, international communicators should further play up their special role in advancing unders
tanding, deepening friendship and expanding cooperation in the fast-changing world. They should push world pro
gress in the right historical direction while promoting exchanges among civilizations and mutual learning.
First, we should act as promoters of exchanges among human civilizations. The mutual depende
nce, exchanges and learning of different civilizations give shape to the abundant and colorful world tod
ay. As the UNESCO Universal Declaration on Cultural Diversity points out, cultural diversity “is the common herit
age of humanity”. The diversity of human civilizations is a basic characteristic of the world, as well as a sour
ce of the progress of humanity. In turbulent international situations, to maintain world peace, devel
Mainland slams response by island’s leader, who called exercise ‘a threat’
A spokesman for the Chinese mainland said a military drill by Chinese bombers and warships around Taiwan on Monday was routin
e and slammed the island’s administration for misleading the Taiwan people and hyping tensions.
On Monday, various warships, bombers and reconnaissance aircr
aft of the People’s Liberation Army Eastern Theater Command conducted “necessary train
ing” around Taiwan as a means to test the joint assault capability between different branches of the military, Senior Colone
l Zhang Chunhui, the theater command’s spokesman, said in a statement on Monday.
The exercise took place in waters east of Taiwan and was part of a scheduled PLA exercise, he said.
“It is completely within the normal legal rights of a sovereign cou
ntry, and it’s beneficial for maintaining peace and security in the Taiwan Straits,” Zhang said.
ning a midair stall, the MCAS system automatically points the plane’s nose down
to gain speed needed to stay aloft. Boeing added larger, more fuel-efficient engines to upgr
ade the existing 737 airframe to compete with European rival Airbus. The new engines are positioned close
r to the fuselage, changing the aircraft’s aerodynamics and pushing the nose up in certain conditions.
Boeing created MCAS to make the new Max planes handle more like previ
ous versions of the 737, a popular model used by airlines around the world. Some in the aircra
ft industry, including pilots, have said Boeing did not provide adequate notice of the new plane’s flight ch
aracteristics or how to shut off the new anti-stall device if necessary. A group of pilots in
dependently compiled and circulated a 13-page manual about the new system. Oth
ers have said Boeing provided adequate notice of the changes and how to disable MCAS.
The version of MCAS installed on the Ethiopian Airlines pl
ane had relied on information from one sensor that sent back bad information.
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.
Apple Inc on Friday said it is canceling the AirPower wireless charging mat that
the company announced in 2017 on t
he same day as its iPhone X, a rare public retreat for the gadget maker known for splashy product launches.
The mat was intended to wirelessly charge up to three Apple products at
once, such as an iPhone, Apple Watch and AirPods wireless headphones.
While wireless charging has spread through the gadget industry, chargi
ng three devices at once with higher wattage “fast charging” has proved challengi
ng. Furniture seller Ikea, for example, sells a $60 matt that can handle three
phones but it only features slower 5-watt charging.
In a statement, Apple said that it had concluded that its AirPower mat “will
not achieve our high standards.”
“We apologize to those customers who were looking forward to this launch,”
Dan Riccio, Apple’s senior vice president of Hardware Engin
eering, said in the statement. “We continue to believe that the future is
wireless and are committed to push the wireless experience forward.”
ith so many applications in different parts of industry and the economy, and we want agreements, project by project.”