Only toward the end of the last century, global econom

 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

xjpdax.cn

Embrace exhibition through greener lifestyle at the

The Beijing International Horticultural Exhibition opened just two days before the May holiday, giving

the public a close-up view of state-of-the-art gardens created by horticulturists from around the world.

China hosted a similar exhibition in Kunming, Yunnan province, in 1

999. In the two decades since, the social and economic situations in China have unde

rgone tremendous changes. A growing awareness of environmental protection is one of them.

Two decades ago, the Chinese people embraced the Kunming horticu

ltural show as a novelty and curiosity because the countr

y at that time did not have many opportunities to host large international gatherings.

Economic development at the time was the top priority of the country,

which explains why the news media were so interested in reporting that 15 billion yu

an ($2.23 billion) in economic and trade deals were inked during the exhibition.

vnynui.cn

China will improve the market environment for c

 car sales and expand the supply of automobiles as part of its latest efforts to boost auto consum

ption, Gao Feng, the spokesperson for the Ministry of Commerce, said at a press conference early this month.

By the end of 2018, China’s six cities namely Beijing, Shanghai, Shenzhen, Guangzhou, Hangzhou and Tianijin carried

out the purchase restriction of fuel-powered passenger cars, said Shao Jiang, an analyst at Everbright Securities. “If thes

e cities double their rising number of new cars, it could bring a 2.8 percent year-on-year growth for the wh

ole passenger car market.”Editor’s Note: The eight explosions in Sri Lanka on Easter Sunday have claimed more tha

n 300 lives and left over 500 people injured. A ninth explosion was reported on Monday near a church in Colombo, but n

one was reported killed or injured. The Islamic State reportedly claimed responsibility for the bombings on Tue

sday. Two experts share their views on the attacks with China Daily’s Liu Jianna. Excerpts follow

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The first draft also improved rules on developing a m

ulti-layer capital market system, strengthening investor p

rotection, promoting securities industry innovations and enhancing regulation.

New revisions were submitted for a second reading in April 2017 to

improve regulation on such areas as stock trading, acquisitions of listed firms, information disclos

ure and investor protection. The second draft also demanded the State Council to gradually advance the IPO syst

em reform in accordance with authorization granted by the top legislature.

Note: The following article is taken from the Chinese-language “Commentaries on International Affairs”.

On Thursday, the World Trade Organization (WTO) release

d a panel report on the case the United States lodged in December 2016 against China for its

use of tariff-rate quotas for wheat, rice, and corn. The WTO panel ruled that China’s administration of tariff-rate quo

tas violated its commitment to administer them transparently, while rejecting

the appeal by the American side which demanded that China release the information on tariff-rate quotas.

www.exdkjp.cn

he monetary policy should “maintain strategic focu

cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.

Financial policies are required to further support small and private companies, and fun

ding through the capital market is supported by the authorities, according to the statement.

The central bank had skipped open market operations for 15 conse

cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste

m” was the main reason for the absence of open market operations, according to a statement from the central bank.

To cut or not to cut the RRR, a strong tool for liquidity adjustm

ent, has become a hot topic since April, not only for investors, but also for policy advisers.

Divergent opinions are spreading among a broader group of market observer

s. The market is trying to get more indications from the monetary authority, although the C

hinese central bank barely sends any hints on possible monetary policy operations before taking action.

www.gjrcpx.org

hina to pilot football-focused kindergartensball in Qin

China will start the trial run of football-focused kindergartens this year, with 50 to 200 such kin

dergartens in each provincial-level region, according to a directive by the Ministry of Education.

It is among the country’s efforts to popularize campus football, encourage kindergartens

to extensively carry out child football activities and foster children’s all-around development.

The pilot program aims to cultivate interest in football in children through popular

football games and create an atmosphere favorable for football culture to grow, the directive says.

Various physical activities tailored for kids will be held, during which children are enco

uraged to run, jump, climb, pitch and bounce balls to promote the development of their basic sports abilities.

Kindergartens must give top priority to children’s safety and health, the ministry stresses.

www.izhankai.cn

The Ethiopian Minister of Transport said preliminary data

recovered from the black boxes of the crash in Ethiopia showed similarities to the Air Lion crash. But the investigation is ongoing.

Following the Ethiopian Airlines crash — the second crash of a 737 Max 8 plane in less than five months — countries and airlines around the world grounded their 737 Max planes.

Boeing insists that the 737 Max 8 is safe to fly.

“Safety is Boeing’s number one priority and we have full confidence in the safety of the Max,” Boeing said in a statement on March 12.

“We understand that regulatory agencies and customers have made d

ecisions that they believe are most appropriate for their home markets. It is also important to not

e that the Federal Aviation Administration is not mandating any further action at this time, and based on the i

nformation currently available, we do not have any basis to issue new guidance to operators.”

With reporting from CNN’s Chris Isidore and Ralph Ellis.

www.jsLongsun.com

In the end, they divided up Reliance’s array of business

  es that cover industries such as energy, retail and financial services. But their fortunes have gone in vastly different directions since then.

  Mukesh Ambani’s fortune tops $54 billion, while his younger brother has dropped out

of the billionaires club and is now worth only $300 million, according to Bloomberg.

  In his statement on Monday, Anil Ambani said the siblings have now put their differences behind them.

  ”I and my family are grateful we have moved beyond the past, and are deeply grateful and touched with this gesture,” he said.

  The US Securities and Exchange Commission has rejected Elon Musk’s claims that the regulator is unfairly trying to silence him.

  In a filing Monday, the SEC said it was “stunning” that the bi

llionaire business leader had continued to fire off tweets about Tesla without consulting others

at the company despite having agreed to a court-ordered settlement requiring him to do so.

  The filing is the latest salvo in a protracted battle between

the SEC and Musk, who has been outspoken in his criticism of the securities regulator.

wedding-gowns-whoLesaLe.com

The administration will also promote the ecological restor

ation of grasslands and push forward the establishment of pilot national parks.

China is rich in grassland resources – with nearly 400 million hect

ares of natural grassland accounting for 41.7 perc

ent of the country’s land. Protection and restoration of grassland resources will be strengthened, Zhang said.

Measures to be taken include finding out the entire picture of grassland resources, assessing

current pol2olkcimcn-2ting a guideline on how to strengthen grassland protection and restoration, he said.

As for national parks, Zhang said that after the central authorities released an overall plan for introducing a national park

mechanism, the administration drafted a layout of national parks and standards for their protection.

www.meilita.cn

An ailing 82-year-old refusing to relinquish the presidenc

  resentment against a ruling civilian and military cabal, and an economy in crisis have sparked mass protests across Algeria in recent weeks.

  President Abdelaziz Bouteflika praised the peaceful nature of the ongoing demo

nstrations and “maturity of our citizens, notably youth” in a message to mark International Women’s Day on Friday.

  Bouteflika also warned Algerians over “possible infiltration of misleading partie

s” who may seek to “provoke chaos” in a statement published by the Algeria Press Service.

  Why is everyone sick of Bouteflika?

  Protesters have been hitting the streets in the capital, Algiers, and other cities across the

North African country for weeks, demanding Bouteflika withdraw from contending forthcoming elections. The

announcement on Sunday that the octogenarian will seek a fifth term in office has sparked fury among Algerians.

www.cdzszyg.cn