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
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.
Hainan provincial health authorities have revoked Boao Yinfeng Healthcare International H
ospital’s business license, for illegally administering HPV 9-valent vaccines, according to a statement Sunday.
Located in the Boao Lecheng International Medical Tourism Pilot Zone, the hospit
al has since January last year vaccinated 37 customers with HPV 9-valent, charging each 9,000 yuan.
They did so without obtaining an official vaccination outpatient license, said the statement.
It said the local health commission of Qionghai, where the Boao pilot zone is loc
ated, on April 18 issued the hospital a notice of penalties, including a warning, confiscati
on of illegal income, a fine of 8,000 yuan, and a revocation of its business license as a medical institution.
ltancy, said: “The lawsuit against Liu will bring damages to the image and reputation of JD, hav
e an impact on investors’ confidence, and cause fluctuations in its share price. Moreover, emp
loyees’ trust in the company may also be affected as the Beijing-based tech heavyweight is laying off staff to cut costs.”
Shen Meng, director of boutique investment bank Chanson & Co, said Liu’s case won’t chan
ge his actual control over JD, which is now making some innovations to reassure investors. Liu owns
15.8 percent of JD’s stock and controls nearly 80 percent of the company’s voting rights.
Liu was detained in Minneapolis, Minnesota, on suspicion of criminal sexual c
onduct on Aug 31 and later released without charge or bail. He returned to China on Sept 3.
In December, Hennepin County Attorney’s Office, the prosecutorial office handling the case announced that no sexual as
sault charges would be brought against Liu as prosecutors could not prove his guilt beyond reasonable doubt.
the organization’s reform be carried out? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts fo
llow:China’s developing country status has not changedBai Ming, a senior research fellow at and deputy direc
tor of the Institute of International Market, Chinese Academy of International Trade and Economic Coope
rationDespite the large size of its economy and remarkable GDP growth, China remains the largest developing economy
. Even though there are no WTO definitions of “developed” and “developing” countries, compared with China, p
eople in developed countries enjoy higher living standards. Besides, China still has to lift millions of people out of pov
erty, especially in its central and western regions.Due to its huge population－the largest in the world－China’s per c
apita GDP is still very low in relation to that in developed countries. For instance, China’s per capita GDP of less th
an $10,000 in 2018 was meager compared with the US’ nearly $60,000, and low
er than the over $10,000 per capita GDP of some other developing countries such as Russia and Argentina.
tment reached 75 million tons in 2017, 2.3 times that of 2012. Meanwhile, about 40 million tons of ind
ustrial hazardous waste was generated in 202 major cities across the country in 2017, according to the ministry.
China, however, still lacks a sound system for hazardous waste management. According to an enforcement
report of the Solid Waste Control Law released by the National People’s Congress Standing Committee, the to
p legislature, in November 2017, the total amount of hazardous waste in the country remains unverified.
Over 40 percent of China’s capacity for processing hazardous waste oft
en remains idle. Every year, more than half of the hazardous waste generated across the cou
ntry was utilized or disposed of by its respective producers, and most of this activity was unsupervised, the report said.
Wang Yi, a member of the NPC Committee of Environment Pr
otection and Resources Conservation Committee, told China Daily in March that sup
ervisors lack a clear idea of how much hazardous waste is being produced annually nationwide.