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hat the ban will be an alarm bell for China, and the Chinese government and domestic comp
anies will accelerate the push for developing core industries, including in chips manufacturing.
“As the division of the telecom industrial chain has become globalized, the US ban will also affect US chipmakers’ income,” the report
said. “Huawei lists 33 US companies among core suppliers, accounting for 36 percent of its total key suppliers.”
A strong 7.5 magnitude earthquake struck Peru on Sunday morning, the Geophysical Institute of Peru (IGP) said.
No casualties or material damages have so far been reported.
The IGP first reported the quake measured 7.2 magnitude. It was recorded at 02:41
am local time (0741 GMT) in the province of Alto Amazonas in northern area of the Loreto region.
Hernando Tavera, head of the IGP, told local media: “The quake has been percei
ved with a fairly large radius, including Lima, Junin, Pasco and Iquitos, where there has been a power cut.”
icts appear to have a religious or ethnic basis, some scholars believe their root cause may be economic, with ethnic divisio
s serving as a way to exclude other groups from access to scarce resources and opportunities. Whatever its so
urce, inequality of opportunity has a highly disruptive effect on governance and hence growth.
But these obstacles are not insurmountable. For one th
ing, developing countries now have huge potential export markets in middle-inc
ome countries, and no longer depend entirely on advanced economies for access to global markets.
There is also a renewed awareness of the importance of infrastructure in e
nabling growth. In addition to roads, railways and ports, electricity and digital conn
ectivity are crucial. In this regard, the rapid expansion of cellular wireless technology, combined with the install
ation of high-capacity undersea broadband pipes around Africa, represents major prog
e charge of the task, according to the decree signed by Premier Li Keqiang.
All government services, unless otherwise specified by laws and regulations or involving state secrets, shall
be processed online in line with the procedures determined by the State Council, the decree noted.
Government service providers must not require enterprises or ind
ividuals to submit information that is already acces
sible through information sharing. Neither are they allo
wed to put the submitted information to other uses.
The decree also confirms the legal validity of electronic signatures, seals, certificates and archives.
The decree came into effect the day it was made public.
hinese sales of passenger vehicles, MPVs, SUVs and minivans in March dropped 12 percent on a yearly basis to 1.78 million units.
This is the 10th consecutive monthly decrease, according to the C
hina Passenger Car Association (CPCA), Changjiang Times reported.
The MPV sector saw the largest sales decline, 20.2 percent to 130,000 units in the pas
t month, while SUVs and sedans dropped 10.7 and 12 percent, respectively.
The decreases in 2019’s first quarter are mild compared with those at the end of the last year, CPCA said.
As the State-VI emission standards will be implemented from July 1 this
year, some Japanese brands have launched corresponding products ahead of their co
unterparts, and performed well in sales and consumer confidence, CPCA said.
“Automobile sales in North China, and those in the county and township level, are still weak,” the association added.
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.