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
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
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.
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.”
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.
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.