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Category Archive 爱上海

In particular, we need to strengthen international coop

peration in AI governance including laws and regulations, ethical norms and international rules,” Wang said.

The State Council issued a plan in 2017 that set benchmarks for China’s AI sector, with the value of core AI indu

stries predicted to exceed 1 trillion yuan ($145 billion) and make the country the global leader of AI innovation by 2030.

In December, Tianjin unveiled a three-year plan to boost the innovative development of seven AI-related indust

rial chains including independent and controllable information systems, smart security, big data, advanced co

mmunications, intelligent connected vehicles, industrial robots and intelligent terminals.

According to the plan, the government will build Tianjin into an AI in

novation center and a hub of AI industries and innovative applications by 2020.

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Santarita said a similar concept can also be found in other

Asian countries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

Compadrazgo, a Spanish word that literally translates to “co-fatherhood”, is based

on a kinship ritual that is formed after a child gets baptized into the Roman Catholic faith.

For the predominantly Catholic and close-knit Philippine society, t

he godfather (known as the padrino) is part of one’s extended family and is expected to he

lp and protect his godchild. The godchild is expected to respect and be loyal to the padrino.

Bapakism is derived from the Indonesian word for “father”. When us

ed in Indonesian business, bapakism demands great respect and obedience to one’s su

perior. The manager in his role as the company’s bapak is expected to look after and care for his employees.

Although Asian values are steeped in an ancient culture and tradition, it was only in t

he 1990s that this concept drew global attention. This was partly due to Asian leaders like the la

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market confidence in outstanding ways and promoted the stab

le growth of the economy, he said, adding that the positive factors for economic growth are increasing.

Noting that the uncertainties in the global economic environment are also rising and there remai

n downward pressures on the domestic economy, Li called for both attention and confidence from the entrepreneurs.

Related departments should follow the guidance of Xi Jinping Though

t on Socialism with Chinese Characteristics for a New Era, invigorate the market thro

ugh deepening reform and opening-up and ensure the stable growth of the economy, Li said.

He said that tax reduction is the key to improving the business environm

ent and invigorating the market, which will not only stabilize growth and employment bu

t also encourage companies to invest more in innovation for long-term development.

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Financial sector restructuring is also a part of the ongo

oing supply-side structural reform, as it is still dominated by the 268-trillion-yuan banking system, the analysts said.

The restructuring process will accelerate as more foreign capital

moves in, which can boost competition in the domestic market, the analysts added.

In the medium term, continued financial reform and more opening-up measures co

uld boost capital inflows, said Lillian Li, a vice-president at rating agency Moody’s.

But trade disputes between China and the United States and uncertainty over monetary policy in global markets may dam

pen capital inflows, and the pace of capital inflow is likely to fluctuate in the near term, she said.

Having the world’s second-largest equity market and the third-largest bond market, China will likely usher in more inte

rnational capital flows in the longer term, if the nation further liberalizes its financial system, she added.

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The two countries should take the opportunity to join

intly build the Belt and Road, deepen mutual political trust and pragmatic cooperation and pr

omote the development of the China-Chile comprehensive strategic partnership to a higher level, Xi said.

The two countries should promote the upgrading of bilateral tra

de and investment and enhance cooperation in such areas as minerals, clean energy, infor

mation technology, e-commerce, innovation and scientific research on the Antarctic, he said.

Xi called on the two countries to make joint efforts to celebrate the 50th anni

versary of China-Chile diplomatic ties next year and promote people-to-people exchanges.

China supports Chile’s hosting of the United Nations climate change confere

nce and the Asia-Pacific Economic Cooperation economic leaders’ meeting this year, Xi said.

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Investment spurs BRI countries’ growthTwo-way investment

tween China and economies related to the Belt and Road Initiative ex

ceeded $130 billion between 2013 and 2018, injecting new growth momentum into BRI-rela

ted countries and contributing to recovery of the global economy, senior Chinese officials said on Monday.

China’s direct investment in BRI-related countries grew by 5.2 percent a

nnually on average to surpass $90 billion between 2013 and 2018, Song Lihong, an officia

l in the Ministry of Commerce’s Comprehensive Department, said at a news conference.

Song said that in the same period, China had received a total of

$40 billion in inbound investment from BRI countries as two-way investment deepened.

Within the five years, the value of the projects completed

by Chinese companies in BRI economies amounted to $400 billion, Song said.

The value of trade in goods between China and BRI-related economies exceeded $6 trillion in the same period, an av

rage annual growth of 4 percent, higher than the overall growth of China’s foreign trade, he added.

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From January to March, government tax income inc

creased by 5.4 percent year-on-year, 11.9 percentage points lower than that in the first quarter 2018.

Individual income tax decreased by 29.7 percent, the largest drop among three major tax item

s. Value-added tax growth has already slowed to 10.7 percent, down from 20.1 percent a year earlier.

Local government income from land sales fell 9.5 percent in the first three months, the Ministry of Finance said.

As the central bank has taken a pause in monetary easing, fiscal policy should remain pro

active to stabilize economic growth and ensure the recent rebound is not just a seasonal fluke, said economists.

Xu Xianchun, a former deputy director at the National Bureau of Statist

ics, said that fiscal policy should be implemented “with proper intensity and at the right time”, t

o prevent large fluctuations in the investment growth rate and negative impact on economic stability.

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US zoo holds farewell party for giant pandas Diego Zoo

The San Diego Zoo in the US state of California held a special ceremo

ny on Saturday to kick off a three-week farewell event for two giant pandas.

Twenty-seven-year-old female giant panda Bai Yun and her son, six-year-old Xiao Liwu, will leave the zoo in late April and b

e sent back to China, as the zoo’s conservation loan agreement with China has ended.

According to the zoo, their staff are working with their colleagues in China on future panda conservation and research.

The zoo’s giant panda program is the first joint research program established between Chi

na and the United States as early as in 1994, said China’s Consul General in Los Angeles Zhang Ping.

“Like other joint giant panda research and conservation programs in the United States, t

his program has not only promoted the friendship and understanding bet

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being of the public, improve governance at the prim

 level and provide basic social services.Premier Li Keqiang met with the participants of the national conference on Tuesday.

He appealed to the civil affairs authorities to prioritize efforts to meet the basic needs of the people, extend assist

ance to those most in need and build an even more tightly woven safety net for the public’s livelihood.

It is also important for them to better meet the needs of the elderly, those with disabilities, the sick, and children living in difficult circ

umstances, he said, adding that basic social services should be better developed to help the public better address their problems.

The reform to streamline administration, enhance compliance oversight and improve governmen

t services should be deepened so that the public can more easily access administrative services, the premier said.

He also highlighted the importance of giving more play to the role of the private sector

so that services such as eldercare and nurseries can blossom to enrich the supply of social services and create more jobs.

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Those criticizing the initiative may seek to present themse

lves as having more sense or greater perspicacity and thus able to see the “truth” of the Belt and R

oad. But those who seek to portray it as ill-intentioned are those who habitually speak ill of China.

Those countries and organizations which choose to join the initiative have a mind of thei

r own. They realize the initiative is not an endeavor that has been planned down to the finest detail, it

is a cooperation framework that is being given substance and significance through the collaborations of countries.

Just as China’s veteran diplomat Yang Jiechi said in an interview on the weekend, the Belt and Road Initiative has created ne

w areas for international cooperation based on the principles of mutual respect, justice, equity and win-win outcomes for all.

Yang, a member of the Political Bureau of the Central Committee of the Communist Party of China and director of the Office of the Central Commissi

on for Foreign Affairs, rightfully pointed out that the initiative provides a platform for fostering closer ties between countries, and i

t has created new impetus and opportunities for the development of the world economy by helping many of the cou

ntries involved remove development bottlenecks and implement the UN 2030 Agenda for Sustainable Development.

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