He attributed his confidence in the Chinese economy

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He attributed his confidence in the Chinese economy

Сообщение jinpanlin520 » 28 июн 2018, 12:48

NEW YORK Maillot Toby Alderweireld Mondial 2018 , Jan. 9 (Xinhua) -- China has the potential to maintain an annual economic growth rate of 6 percent until the 2030s, said former senior vice president and chief economist of the World Bank Justin Lin Yifu Tuesday.

Lin, also the honorary dean of National School of Development at Peking University, made the remarks while delivering a keynote speech during the "Forecast: China's Economy 2018," an event hosted by the National Committee on U.S.-China Relations and Peking University's China Center for Economic Research in New York.

He attributed his confidence in the Chinese economy to the fact that "China's labor productivity will improve continuously in the years to come."

The economist explained that the way to maintain economic growth is to improve labor productivity, and the way to raise labor productivity is to "have technology innovation as well as industrial upgrading."

Lin said that compared to developed countries like the United States Maillot Nacer Chadli Mondial 2018 , China, as a developing economy, has the so-called "latecomer advantage" in terms of technology innovation and industrial upgrading.

He further stated that developing countries like China can "learn technology that has been matured in high-income countries," so that "the cost and risks of innovation are comparably low, and potentially, developing countries can grow more dynamically than high-income countries."

According to Lin Maillot Dedryck Boyata Mondial 2018 , China has benefited from the "latecomer advantage" in the past 40 years and achieved an annual growth rate of 9.6 percent, which was hailed as a miracle by many all over the world.

For the years to come, he predicted that China will continue to maintain a faster growth rate compared to developed countries.

To further illustrate his prediction, Lin cited his latest study of the world economy in the past 70 years, pointing out that "In 2008, the per capita GDP of China was 21 percent of the United States Maillot Mousa Dembele Mondial 2018 , which was similar to Japan in 1951, Singapore in 1967, China's Taiwan in 1975 and South Korea in 1977."

"The four economies above all achieved an annual growth rate of 8 percent to 9 percent continuously over the next 20 years, which indicates that China can achieve around an 8 percent growth rate continuously from 2008 to 2028," said Lin.

He added that real economic growth will depend on how much China carries out current reforms to ensure social and political stability as well as on the global economic situation.

"From my observation, it is very likely that China will be able to achieve a 6 percent growth rate from now until around the 2030s Maillot Thomas Meunier Mondial 2018 ," Lin noted.

WUHAN, Dec. 28 (Xinhua) -- Zhuankou Yangtze Bridge, the widest bridge over the Yangtze River, opened for traffic on Thursday.

The bridge, with eight lanes, is the ninth bridge over the Yangtze in Wuhan Maillot Dries Mertens Mondial 2018 , capital of central China's Hubei Province.

Excluding the highway on both sides, the bridge itself is 1,510 meters long and 46 meters wide.

Costing 5.2 billion yuan (about 780 million U.S. dollars), the bridge will be the main road for trucks crossing the river.

ALGIERS, July 22 (Xinhua) -- Algeria condemned on Saturday the"violations and overruns" by the Israeli authorities on Fridayagainst Palestinians in Jerusalem.

"Algeria condemns the serious violations and overruns, includingkillings and arrests of Palestinian worshippers in the Al-AqsaMosque and its surroundings Maillot Koen Casteels Mondial 2018 ," Foreign Ministry Spokesman AbdelazizBenali Cherif was quoted as saying by APS news agency.

The spokesman also called upon the international community to"act immediately to ensure the protection of the Palestinian peopleand their sacred sites."

Cherif expressed Algeria's solidarity with the Palestinianpeople, saying his country supports the Palestinians' "just causefor regaining their legitimate rights, including the right toestablish an independent state with Al-Quds (Jerusalem) as thecapital."

Three Palestinians were killed on Friday in Jerusalem's Old Cityduring violent clashes between Palestinian protesters and Israeliforces, after Israel barred Palestinian men under 50 from access tothe the holy site of Al-Aqsa Mosque compound, known as the Haramal-Sharif compound by Muslims and the Temple Mount for theJews.

The measures were taken after last Friday's shooting, in whichthree Israeli Arab gunmen killed two Israeli police officers nearthe compound before being shot dead by Israeli police in a chase.Enditem


UNITED NATIONS Maillot Simon Mignolet Mondial 2018 , Feb. 19 (Xinhua) -- UN Security Council on Friday condemned in the strongest terms the violence against civilians in the past two days, said a press statement of the council.

The violence, committed by elements of the Shilluk and Dinka communities, erupted at the protection of civilians site, a UN Mission base in Malakal, South Sudan Maillot Eden Hazard Mondial 2018 , on Wednesday and continued Thursday, killing more than 18 people and injuring 50 others, according to the statement.

The members of the Security Council were particularly alarmed by credible reports about armed men in the Sudan People's Liberation Army (SPLA) uniforms entering the United Nations Mission in the Republic of South Sudan (UNMISS) camp and firing at civilians, looting and burning tents, said the statement.

They called for calm by all sides and restraint from waging additional fighting, acts of violence Maillot Romelu Lukaku Mondial 2018 , and further provocations. They also called on the Government of the Republic of South Sudan to swiftly investigate the attacks and bring the perpetrators to justice, stressing that ""it is the responsibility of the Government of the Republic of South Sudan to hold those responsible for the attack accountable.""

The Security Council also expressed their deepest condolences and sympathy to the families of those who were killed as a result of the violence.

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