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HiSilicon, which was founded in 2004, has designed chip

ipsets like Kirin, which has been used in Huawei’s high-end smartphones. In addition to server chips, th

e company has also developed chips for base stations, basebands and chipsets powered by artificial intelligence.

“From chips to its self-developed operating system, Huawei has

long been preparing for independent research and development in core technologies. It has the abil

ity to adjust to changes in the global market,” said Xiang Ligang, director-general of the Information Consumption Alliance.

Huawei has also made preparations with core chipsets. Existing s

tocks are thought to provide the company with a buffer of six months to a year, he said.

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producers or US-based designers. For example, China ma

akes less than $9 from each iPhone. The total price of a phone is ridiculously counted as a Chinese export to the US.

It’s a good thing that China is no longer a low-wage country. Most Chinese are much better off than they were even 10 ye

ars ago. But it does mean that these low-skilled, labor-intensive industries will be moving to less-developed nations. US t

ariffs on such products will only serve to hasten the transition to higher value-added industries that China has to make anyway.

Roughly 20 years ago, when China’s admission to the World Trade Organiz

ation was being negotiated, China’s economy was tiny as a portion of world GDP. It was clearly a poor, less-deve

loped country that, except in a few areas, was not able to compete with Western companies in high-value-added products.

As Alexander Hamilton, the first US Treasury secretary, argued, a dev

eloping country may need to protect its “infant industries” from already established foreign

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More nurses sought to treat elderly populationetition at a tra

Health authorities will redouble their efforts to train nurses in eldercare as the proportion of older people in the pop

ulation expands and tens of millions of people struggle with disabilities, a senior health official said on Wednesday.

Jiao Yahui, deputy chief of medical administration and supervision at the National He

alth Commission, said there are not enough nurses to cope with the growing needs of the country’s elderly.

A regulation on the training of healthcare workers and standards of service is being drafted. It i

s expected to boost the number of nurse’s aides, Jiao said ahead of International Nurses Day on Sunday.

The nurse’s aides will complement the work of full-fledged nurses to meet the demand for services for the elderly, she said.

The number of registered nurses in China topped 4 million as of the end of last year. Nearly 70 perc

ent held a junior college degree or above, accounting for almost half of all healthcare professionals, she said.

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Not only are there missing links on the causality chai

 between long-term structural factors and actual economic performance, it is also unclear how long those factors would take to constrain GDP growth to a part

cular level. In fact, 20 years ago, the same long-term factors were used to warn of a possible fall in Chinese GDP growth.

Because of the complexity of China’s growth trajectory, many economists seem to base their assessments of potenti

al on performance. After every drop in China’s GDP growth since the second quarter of 2012-when growth fell be

low 8 percent-economists have emerged to declare that performance was in line with potential.

Difficult to determine potential growth rate

To be sure, there are various estimates of China’s potential growth rate, ranging from 5 perc

ent to 8 percent. But it is difficult to determine which is reliable. For one thing, there is reason to believe that

most estimates fail to discount cyclical factors adequately when calculating the long-term trend.

www.koryoung.com.cn


hina’s growth a source of hope for allong proclaimi

With Chairman Mao Zedong proclaiming the founding of the People’s Republic of China on

Oct 1, 1949, the Chinese people began leaving behind a century of colonial humiliation and building a new life.

What remains poorly understood by the wider world even seven decades later is how dire were

the conditions in China during those days. While China sustained its triumph, Chinese people’s living stan

dard 70 years ago was barely 5 percent relative to their counterparts in the United States.

It was a dire starting point.

Transitions that raised China’s living standard

In the late 1970s, Deng Xiaoping introduced “reform and opening-up” policies

and established special economic zones, which ultimately facilitated China’s entry int

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Medical experts said bills for patients requiring 29

of the 55 rare disease medicines available on the Chinese mainland

have been partly or fully covered by the country’s medical insurance system.

The average medical bill for rare disease patients is 200,000 yuan ($

29,700) a year and more than 40 percent of patients have received no medical tre

atment due to the high prices, according to Li Linkang, China Alliance of Rate Diseases executive director.

Biogen, the United Sates-based pharmaceutical compa

ny that developed the drug, said that it is talking to the C

hinese government, the medical and patient communities, and charitable orga

nizations in a bid to establish a co-payment system to make the drug available to more patients.

ax142.cn


sees big growth in Marcha supermarket in Lianyungang

China’s consumer price index (CPI), a main gauge of inflation, rose 2.3 p

ercent year-on-year in March, the National Bureau of Statistics (NBS) said Thursday.

The increase was up from 1.5 percent in February.

Food prices climbed 4.1 percent year-on-year in March, up from 0.7 perc

ent in February, yet on a month-on-month basis food prices went down 0.9 percent, the NBS said.

Due to low vegetable yields in spring and cold rainy weather, prices of fresh vegetables posted a fast growth of 16.2 perce

nt year-on year in March, contributing 0.42 percentage points to the year-on-year CPI growth.

The growth of the pork price rebounded after declining for 25 consecutive months, rising 5.1 percent year-on-year in March.

On a month-on-month basis, the pork price moderately went up 1.2 percent on average nati

onwide as outbreaks of African swine fever were gradually contained, according to the NBS.

www.koryoung.com.cn


With 32 turbines by the blue sea, the Punta Sierra wind far

rm has been in operation since Feb 4, 2018.

It is the first Pacific Hydro wind farm in Chile and the first wind farm invested in by China in the South American country.

The $150 million project, financed and constructed by China State Power Investment Corpo

ration, has an installed capacity of 82 MW and will generate about 282 GWh/year, which can meet electri

city demands for 130,000 households and reduce carbon emissions by 157,000 tons per year.

Located in Russia’s Yamal Peninsula in the Arctic, the Yamal liquefied natural gas project reached f

ull production capacity with its three production lines, each of which has a capacity of 5.5 milli

on tons per year, with operations starting in December 2017, August 2018 and December 2018, successively.

The project is the world’s largest of its kind within the Arctic Circle and is also the first m

ega- energy cooperation project implemented in Russia after the Belt and Road Initiative was proposed.

It is owned by Russia’s Novatek (50.1 percent), France’s Total (20 percent), China N

ational Petroleum Corporation (20 percent) and China’s Silk Road Fund (9.9 percent).

avnfi.cn


Rice project benefits nations in Asia, Africa

Chinese scientist says resilient varieties boost harvests, minimize use of fertilizers

A decadelong agricultural project spearheaded by Chinese scientists has helped alleviate poverty for more than 1.6 million f

arming households in 18 Asian and African countries through cultivation of high-yield and resilient rice strains.

The Green Super Rice project, led by the Chinese Academy of Agric

ultural Sciences, has generated 78 rice varieties that boast an average 20 percent increase in har

vest per hectare while minimizing the use of fertilizers, pesticides and irrigation, said Li Zhikang, a professor and

researcher of rice breeding at the academy and a leading member of the project, on Tuesday.

The total area planted with the varieties in participating countries h

ad expanded to 6.12 million hectares by the end of last year, including around 3.4 million hect

ares in the Philippines, 1.3 million hectares in India and 1.1 million hectares in Vietnam, he said.

ypwhl.cn


Premji accounted for 80% of “large donations” defined as m

  100 million rupees ($1.4 million) — from India’s richest individuals in the 2018 financial year, according to this year’s India P

hilanthropy Report by consulting firm Bain & Company and philanthropy fund Dasra. Private indi

viduals in India donate about 430 billion rupees ($6.2 billion) each year, the report said.

  Wipro was founded by Premji’s father in 1945 as a vegetab

le oil manufacturer, and transitioned to the technology industry in the 1980s under Premji

‘s leadership. It has since grown into one of India’s biggest IT services companies, with more than 160,000 em

ployees worldwide and over 1,200 clients in industries ranging from aerospace to retail.

  Premji’s foundation focuses on supporting education, and ru

ns the Azim Premji University in Bangalore. Its billionaire benefactor’s latest donation coul

d help it open a second university and “scale up significantly,” the organization said.

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