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tee steady business growth. In the future, we will increase investment in AI applications in the finance and manu
facturing sector, enhance our AI technology, such as machine learning, natural language processing and deep learning, consolidate customer rela
tionships, as well as cultivate the new generation of AI talent for China,” He from SAS China said.
Since World War II, globalization came in two stages. From 1945 to roughly 1975, the United States, Western Europe, and Japan
achieved steady economic growth, with the benefits of that growth spread widely throughout the population. In F
rance, this period is called “30 glorious years” and in Germany it is known as the “economic miracle”.
The second stage of globalization started in the late 1970s and has continued until today with a process of reform and open
ing-up not only in China but in countries of the former Soviet Union and in India.
This has been great for the world. China alone has lifted more than 850 million peopl
e out of dire poverty. But it has also increased competition faced by workers and companies.
The partial globalization of 1945-1975 worked great for average workers in the West. For much of this period, a young perso
n could get a high-paying and apparently secure job in a factory that would allow him to live a middle-income lifestyle.
It’s very hard to believe now, but in 1980, the US city with the highest average wage was Flint, Michigan, followed closely by Detroi
t. Other leading cities in terms of wages were Chicago, Houston, Milwaukee, Youngstown and Cleveland – all
of which were centers of industry and manufacturing. At that time, San Jose, the center of then quite small Silicon V
alley was fourth, San Francisco sixth, and capital Washington was eighth. New York City did not make the top 10.
Many people in the US and Western Europe look back nostalgically on those 30 years aft
er WWII when artificial limits on global competition protected extremely high-paying manufacturing jo
bs. It is very sad to see only empty, rusting factories where thousands of people used to work.
It’s tempting to use tariffs or other protectionist measures to try to
retain the companies that provide these high-paying manufacturing jobs. But, most o
ften the protections just lead to unproductive companies, declining innovation, and slowing GDP growth.
First day back, 上海楼凤品茶微信teachers emphasize lessons showing gratitude for help
Only days after an earthquake struck, 12-year-old Hu Yibing got up 6 am excited about going back to
school in a makeshift classroom in Shuanghe town of Changning, Sichuan province.
“My school was damaged in the earthquake and we were told on Thursd
ay to attend a tent classroom that opened today,” said the boy, a sixth grader from Shuanghe Central Primary School.
With its epicenter in Shuanghe, the earthquake struck at 10:55 pm on Monday, killing 13 people and injuring 226. Estimated direct economic losses have
reached 8.89 billion yuan ($1.29 billion), according to the latest number from the Yibin city government.
Like Hu, many students have had classes suspended after the quake. By Thur
sday, over 11,000 students had resumed the classes, while more than 33,000 students in
the counties of Gongxian and Changning, the areas hit most severely by the quake, were still waiting.
hina is drafting a list of foreign parties considered “unreliable enti
ties” that harm the interests of Chinese companies, said the Ministry of Commerce on Friday.
Detailed measures of the plan are to be disclosed at a later date.
The list will target companies, people and organizations that fail to abide by market rules, violate th
e spirit of contract, block Chinese companies for non-commercial reasons, and severely violate Chinese co
mpanies’ legitimate rights, said Gao Feng, the ministry’s spokesman, in a media briefing on Friday.
“Due to the increasing uncertainties in the global economy, including
the rising trade protectionism and unilateralism, the multilateral trading system is facing s
evere challenges and regular international commercial activities have been disrupted,” Gao said.