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
four decades has been a blessing to not only our two countries, but the whole world,” said Cui Ti
ankai, Chinese ambassador to the US, in his remarks during the awards presentation.
“And the essence of the 40-year story is amity between the peoples, which lays the foundation for
and shapes the future of our relations,” he said, adding that the stories shared by peoples from the two cou
ntries through the My China Album series will always “be a source of inspiration and motivation for us”.
Hundreds of US citizens participated in the series from Feb 6 to April 19, sharing their personal stories about China thro
ugh photos and captions. Ten of the participants were recognized for their genuine and touching stories.
“I was so honored to win first place in this year’s My China Album,” said
Max Horne, an incoming Harvard University freshman who visited Yunnan province years a
go and studied the Naxi culture, a local ethnic group. “There’s endless culture for us to appreciate.”
head of the Chinese Mission to the EU. So far, 22 European countries have signed memorandums of understanding with Chi
na to promote the Belt and Road Initiative, with Italy and Luxembourg the most recent examples, he said.
Chen Fengying, a senior researcher at the China Institutes of Contemporary International
Relations, said that Li’s European trip is to further enhance high-level exchanges and political trust between
China and the EU, following President Xi Jinping’s visit to Italy, Monaco and France last month.
Both sides support the multilateral trading system and face challenges posed by risin
g protectionism and unilateralism to economic globalization and multilateralism, Chen said. On the global geopoliti
cal stage, China is developing at a very fast pace with an enormous economic scale, Chen said.
“As a huge market, China has reiterated its opening-up (policy) to the ou
tside world, including to European countries. Therefore, both sides should strengthen cooper
ation and exchanges in areas such as trade, investment and the Belt and Road Initiative,” she said.
Piraeus Port is the largest port in Greece. On Aug 10, 2016, COSCO Shipping (Hong Kong) Co Ltd, a subsidiary of China COSC
O Shipping Group, became a controlling shareholder of the port and started operating the facility.
Around 290 million euros are expected to be invested by the company for the expansion of a crui
se terminal, improvement of a ship repair wharf and a new multi-storey garage of roll-on roll-off ship wharf.
The port, as an important meeting point of the Silk Road Economic Belt and the 21st Cent
ury Maritime Silk Road, has become one of the fastest-growing container ports in the world in recent years.
Under the joint operation of Chinese and Greek enterprises, the port’s infrastruct
ure conditions and operational capabilities have been greatly improved. The freight hub has become increas
ingly prominent, not only providing more jobs, but also promoting local economic development and be
coming a model of win-win cooperation under the Belt and Road Initiative.