Weaker economic growth puts at risk essential invest

ments in areas such as education, health, climate change adaptation and sustainable infrastructure.

The growth outlook in all major developed economies and most developin

g regions has weakened due to a confluence of both domestic and external factors, the report said.

Following an expansion of 3 percent in 2018, world gross product growth is now projected to moderat

e to 2.7 percent in 2019 and 2.9 percent in 2020, reflecting a downward revision from the forecasts released in January.

The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown, potentially infl

icting significant damage on development progress. Those risks include a further escalation in trade te

nsions, a sudden deterioration in financial conditions, and the accelerating effects of climate change.

hdflower.net.cn

Mainstream will prevail in EU electionsballoon depicting the

Mainstream political groups will continue to dominate in elections to the European Parli

ament this week but probably will lose some seats to nationalist and far-right parties, analysts predict.

“There is no fear for the solidity of the EU-decision-making system”, said Sven Biscop, director of the Euro

pe in the World Program at the Egmont-Royal Institute for International Relations, a think tank based in Brussels.

But he urged “those who favor the European project” to not be complacent, as the rise of

populist and far-right parties has already become a major concern for the EU and its member states.

About 400 million people from the EU’s 28 member countries – includi

ng for now the United Kingdom – are eligible to vote in polls to be held from Ma

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Moreover, Washington has forbidden US companie

 to sell chips to ZTE, a Chinese multinational telecommunications equipment and

systems company, even after imposing huge fines on the company. By so doing, the US has act

ually encouraged China to increase investment in its high-tech sector. So, even if China and the US were to strike a de

al, China would be prompted to import lower volumes of energy and agricultural products from the US.

In macroeconomic terms, the China-US trade dispute has added h

uge uncertainties to the US economy and raised the likelihood of recession. Which cou

ld thwart the US president’s chances of being re-elected in 2020. And the trade dispute c

ould prevent the US from taking the measures it intends to in order to consolidate its national power.

Love-u.cc

The latest figures from the National Cultural Heritage Administ

stration show China had 5,354 museums by the end of 2018, and museums across the country held some 2

6,000 exhibitions in 2018 and received 1.126 billion people, an increase of 30 percent and 16 percent, respectively.

The International Council of Museums organized the annual I

nternational Museum Day in 1977 to address the changing roles of museums.

Museums across the world are reinventing their roles to become more interacti

ve, audience focused and active in delivering creativity and knowledge to their communities.School students and adult

visitors learn about making prints and carving stamp seals and learn about the appreciation of and technological me

thods being used in the conservation of the age-old buildings at the Palace Museum, May 1

xujiaqing.net.cn

Top regulator says economy set for growthand

Transformation of traditional industries speeding up, riding wave of high tech

The Chinese economy is poised for more vigorous growth after gathering new strength through upgrad

es in traditional industries and accelerating the growth of high-tech industries and emerging sectors.

The country will further expand market access with a nationally unified, annually released and timely adjusted negative list for m

ore market vitality, according to the National Development and Reform Commission, China’s top economic regulator.

Meng Wei, spokeswoman of the commission, said at a media conference on Fri

day that China has made steady progress in cultivating new momentum and promoting t

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Liu’s article was published in Qiushi Journal, a flagship m

magazine of the Communist Party of China Central Committee. He said more efforts a

re needed to implement the proactive fiscal policy and boost efficiency this year.

Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said.

Innovative financial tools will be introduced for debt swaps, and the indebted comp

anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea

d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily.

“The total amount of hidden debt waiting to be swapped has not yet been calculated, as this

round of debt swaps will not involve the government’s administrative orders, but depends on the ma

rket’s appetite based on the evaluation of the potential default risks and the companies’ solvency,” he said.

9319888.org.cn

The downward trend will linger in the first half of th

f the year until July or August, when the market may see a recovery, Xu Haidong, assistant to

the China Association of Automobile Manufacturers’ secretary-general, told the newspaper.

The reason for the slowdown in China’s automotive market lies in the lack of consumer confidence, according to CA

AM. In addition, the upcoming stricter Nation VI emission standards, market expectation for the country’s stimulating spe

nding policy and a strong wait-and-see mood, are all contributing to the bleak picture, the association said.

With the actual policy effects from tax cuts and fees reduction

s, a promising consumer market boosted by infrastructure investment, the country’s a

utomobile market will have a stable development throughout the year, said the association.

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countries work to tackle disastersrs ago during which the s

Scientists from China and other countries involved in the Belt

and Road Initiative will work together to enhance scientific and technological coop

eration in disaster prevention and mitigation, according to a joint declaration.

The collaboration aims to make areas along the initiative safer, more sustainable a

nd disaster-proof, according to the declaration published during the two-day International Conference on Silk-r

oad Disaster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reduct

ion Day, an annual event which began in 2009 after a devastating earthquake hit Sic

huan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

www.changjiangjiaoxiang.cn

This is a predicament for soy growers,” American

American Soybean Association President Davie Stephens said on Tuesday.

President Donald Trump threatened in a tweet on Sunday to increase tariffs.

Stephens, a grower from Clinton, Kentucky, said that US farmers are in a tough situation, and with depressed prices

and unsold stocks forecast to double before the 2019 harvest begins in September, farmers urgently need the China market.

“We need a positive resolution of this ongoing tariff dispute, not further escalation of tensions,” he said in a release posted on the ASA web site.

Nicole Kaeding, vice-president of federal and special projects at the Washington-based Tax Foun

dation, said that if the Trump administration follows through on the president’s threat, it’s US taxp

ayers, not Chinese taxpayers, who will pay the price — thanks to higher prices and fewer job opportunities.

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Last year, there were 150 million people 60 years or abo

above living with chronic diseases in China. Of those, 44 million

were fully or partially disabled and in need of regular nursing services, she said.

“With more nurses and nurse’s aides, the demand for nursing services from the elderly will be gradually met,” she said.

The commission will also encourage community health centers to provide more nursin

g services for the elderly in neighborhoods, Jiao said. They would include more beds and setting up day-care centers.

Regulations will also be released to encourage community health centers to pro

vide beds to the elderly at home, so family doctors can provide treatment there, she said.

“The disabled, whether fully or partial, will be the priority in nursing services,” Jiao sa

id. “We will release a detailed standard for evaluating nursing services for the disabled elderly

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