Also, these new first-tier cities have preferential po

policies for residence permits and financial incentives to lure more talent.

For example, Zhenjiang in Jiangsu province, promised bonuses of 150,000 and 200,000 yuan for house purchases to gradua

tes with master’s and doctoral degrees, respectively, after they work in the city for three years.

Haikou, capital of Hainan province, is attracting college students with a monthly rent s

ubsidy of 1,500 yuan, with an 18,000-yuan allowance to graduates who decide to buy an apartment there.

Employment, especially some groups such as college gradu

ates and demobilized military staff, remains a priority to the government.

Premier Li Keqiang said at a teleconference on May 13 that employme

nt pressure will be felt this year by a larger number of college graduates. However, promotin

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The future growth prospects of today’s early-stage (that is

lower-income-some growing and others not) developing countries will be of huge importance in red

ucing poverty further. Although these countries face significant headwinds, they could also seize imp

ortant new growth opportunities-especially with the help of digital platforms.

The headwinds are certainly considerable. For starters, advances in digital technolo

gies-robotics, machine learning, sensors, and vision-directly threaten the labor-intensive manu

facturing and assembly upon which lower-income, nonresource-rich economies have traditionally relied.

Moreover, climate change has had its greatest economic impact on the tropical and subtropical regio

ns where most of the lower-income countries are located. The effects of global warming are highly disrup

tive in fragile economies, and, taken together, constitute a major new obstacle to growthle

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While educational evaluation has an important role of

f guidance, such roughly generated and lame evaluations cannot objectively reflect the real

conditions of schools, and have severely disrupted education activities, the statement said.

The MOE will therefore continue to regulate such acti

vities in accordance with law and regulations, according to the statement.

The China Earthquake Administration pledged to enhance its earthquake detection c

apability as it rolls out an experimental project in the country’s tremor-plagued southwestern region.

The administration has established over 360 new monitoring stations in the China Seismic Experimental Site, which spans Sichuan

and Yunnan provinces, since construction of the project was launched about one year ago, Zheng Guoguang, vice-m

inister of emergency management and head of the administration, told a news conference on Friday.

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All of this has inspired confidence that the Chinese eco

Chinese economy can reach its indicative growth target of 6-6.5 percent in 2019.

Lower growth rate may mean more room for adjustment

Most Chinese economists seem quite comfortable with this targeted range. One explanati

on is that China’s potential growth rate is 6-6.5 percent, and a target should be set accordingly. Another is that a

lower growth rate would give the economy more room for structural adjustment.

From 1978 to 2008, China averaged an impressive 9.5 percent annual g

rowth rate. Then the global financial crisis struck, causing growth to plummet from 9.7 p

ercent in the third quarter of 2008 to 6.6 percent in the second quarter of 2009. A 4-trillion-yuan ($640 billion) sti

mulus package, introduced in November 2008, soon brought about a powerful rebound, with GDP growth rea

ching 12.1 percent in the first quarter of 2010. But since then China’s economic growth has been declining, partly b

ecause the government withdrew its stimulus. Last year, China’s GDP grew by 6.6 percent.

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plemented more favorable visa policies for Chinese student

he said. The report also found that studying overseas is no longer limited to wealthy fam

ilies, and the number of students from middle-class families studying overseas keeps growing.

According to the survey on parents’ professional backgrounds, most parents whose children prefer studying overseas hold o

rdinary positions at work, accounting for 43 percent of the total, up 14 percentage points from 2015.

Parents who are middle-level managers accounted for 35 percent, and those who are high-level executives accounted for 22 per

cent, the report said. The number of students studying overseas for master’s degrees continues to increase, a

counting for 70 percent of the total, up from 57 percent in 2016. They are studying ov

erseas to obtain higher academic qualifications and be more competitive in the domestic job market, it said.

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China-led project expected to enhance space research

The ongoing China-led international collaboration project Tianq

in, a space-based gravitational wave detection syste

m scheduled to be completed by 2035, is expected to significantly improve unders

tanding of major cosmic phenomena, including black holes, scientists said.

Tianqin uses the Chinese words tian, meaning sk

y or heavens, and qin, meaning stringed musical instrument.

It will consist of three satellites forming an equilater

al triangle around Earth at an orbit of 100,000 kilometers.

Tianqin will work to detect gravitational waves, whic

h scientists theorize are ripples in the fabric of space-time caused by violen

t cosmic events, such as colliding black holes, supernovas and even the birth of the universe.

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This is an unprecedented move,” said Robert Mann

 president of R.W. Mann & Co, an aviation consulting firm. “I think it will be a good thi

ng for Max aircraft, but I’m not sure it will be a good thing overall if it creates an international bureaucratic proce

ss for future certification that will take longer than any individual oversight agency would now require.”

James Hall, managing partner of Hall & Associates, an aviation consulting firm in Washin

gton and former chairman of the NTSB, said it’s unclear how the FAA’s new panel will m

esh with investigations of Boeing launched by the US inspector general, US Justice Department and Congress.

“Will the technical review team look at the certification pro

cess, or is it an attempt to get the plane back in the air?” Hall said. “We’ll see.”

Boeing said it would work closely with the new task force.

“We welcome the Joint Authorities Technical Review and look forward to working wi

th the panel,” Paul Bergman, a spokesman for Boeing in Seattle, said in a statement. “Safety is our top priority.”

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Second, a fixed trap threshold of $16,000-$17,000 may be

 be a great literary device, but it makes little sense in a dynamic global economy. Since early research on the middle-income trap was published in 2012, the world economy

has grown by about 25 percent-presumably boosting the moving target of a middle-income threshold by a comparable magnitude over t

hat period. Largely for that reason, recent research has couched the trap not in terms of an absolute threshold, but as relative convergence to high-income cou

ntries. From this perspective, danger looms when developing economies’ per capita income approaches 20-30 percent of the level in high-income economies. Giv

en that China will hit about 30 percent of the United States’ per capita GDP (in PPP terms) in 2019, it must be time to worry!

Slowing growth not as alarming as feared

Third, not all growth slowdowns are alike. A country’s GDP is a broad aggregation of a multiplicity of activities across sectors, busin

esses and products. Structural shifts from one sector to another can give the appearance of a growth discontinuity that may be nothing mo

re than the outcome of a deliberate rebalancing strategy. This is very much the case with China today, given its shift from

higher-growth manufacturing and other “secondary” industries to slower-growing services, or “tertiary” industries. To the extent

that this shift is the intended result of China’s strategic rebalancing, a slowdown in growth is far less alarming.

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The office was established after Kim and South Korean Preside

  nt Moon Jae-in met at the DMZ for an historic summit last year, which was follow

ed by a meeting between Kim and US President Donald Trump in Singapore.

  Pyongyang said it would notify Seoul regarding “further practical matters in the future.”

  In the statement, the Unification Ministry said South Korea regrets the decisi

on, and urged the North to return soon and continue the work being done at the liaison office towards a full peace settlement.

  ”We regard such a withdrawal as very sad and unfortunate (and) we hop

e that the North will return shortly and hope that the liaison contact office will operate nor

mally as soon as possible,” Vice Minister of Unification Chun Hae-sung said at a press conference in Seoul Friday.

  ”We believe that we should take some time to judge (the situation).”

  North Korea’s pull-out Friday from the Kaesong Liason Office has been on cards since Hanoi, given recent

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Tropical cyclones are known to hit Mozambique in the fall

  February 2000, Cyclone Eline also made landfall near Beira during a period of intense rain, killing hundreds and displacing 650,000 across the wider region.

  Zimbabwe and Malawi

  After making landfall in Mozambique, Idai moved through neighboring Zimbabwe and parts of Malawi as a Tropical Storm.

  In Malawi, 56 have died and nearly 600 are injured, according to MSF.

  On Twitter, Zimbabwe’s Ministry of Information said Monday that 98

people had been confirmed dead. Hundreds more had been reported missing, while anot

her 102 were injured and 42 marooned. The information has not been verified by CNN.

  Zimbabwe President Emmerson Mnangagwa has made a disaster declaration for affected areas, the ministry said.

  Idai triggered floods in Zimbabwe which swept away hundred

s of homes in the eastern and western parts of the country, authorities there said.

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