Faced with deep-rooted structural weakness, several large

eral large developing countries are struggling to recover from recessions or remain trapped on a low growth path.

The report highlights that per capita income growth in several parts of Africa, western Asia, L

atin America and the Caribbean is expected to remain very weak in the outlook period. That poses ad

ditional challenges for the Sustainable Development Goals, including the goal to universally eradicate poverty by 2030.

The report further notes that while poverty remains predominantly

rural, further progress on poverty-reduction also hinges on the effective management of o

ngoing urbanization. That is particularly relevant for Africa and South Asia, the two regions with the highest num

ber of people in poverty, which are expected to experience the most rapid pace of urbanization in the next two decades.

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More than 60 percent of people aged between and 25 sai

they set goals within three years after starting their careers, comparing with around 50 percent for those aged betw

een 26 and 30 and around 40 percent for those in the 31-35 age bracket, according to the report.

The subway line connecting downtown Beijing with its new international airport will start tri

al operations June 20, the Beijing Major Projects Construction Headquarters Office said Tuesday.

Work is underway in finishing the interior decor, installing equipment and laying tra

cks for the subway, as the Beijing Daxing International Airport is set to open Sept 30.

Stretching over 41 kilometers through the southern part of Beijing, the new line will run throu

gh Fengtai and Daxing districts. Stops are planned at three stations: New Airport North Terminal Sta

tion, Cigezhuang Station and Caoqiao Station, which will start operation at the same time as the new airport.

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The administration has established over 360 new moni

itoring stations in the China Seismic Experimental Site, which spans Sichuan and Yunnan pro

vinces, since construction of the project was launched about one year ago, Zheng Guoguang, vic

e-minister of emergency management and head of the administration, told a news conference on Friday.

The area previously had about 1,000 monitoring stations.

China is the only country that lists forecasting earthquakes as a government responsibility.

Considering our limited knowledge about earthquakes, the forecasting work has to be based on observation. However, the we

ak signals from underground are often disrupted by electromagnetic interference, he said.

He said that in cooperation with the government of Shenzhen, Guangdong

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Akihito walks for a ritual called Taiirei-Toashikodokoro

Earlier in the day, Akihito reported his abdication in sanctuaries i

nside the Imperial Palace, including one honouring the sun goddess Amaterasu Omikami, from

whom mythology says the imperial line is descended, and two others for departed emperors and Shinto gods.

Video aired on NHK public television showed Akihito, wearing a dark orange traditional robe and black headdress, wal

king slowly into the first sanctuary as a courtier in a white robe walked behind holding the train and another carried a sword.

Era names, or “gengo” as they are known in Japanese, are used in Japan for the length of a monarch’s reign.

The new era name, Reiwa, meaning beautiful harmony, was announced by the government on April 1.

New era names are usually announced after the accession of the new monarch, but the

government decided to announce the new name in advance of the accession of the new emperor.

Crown Prince Naruhito conducted a similar ceremony, NHK said.

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Some rural banking institutions lacked control ov

r related party transactions and even transferred benefits throug

h abusive related party transactions. Some institutions had management irregu

larities in pledges of equity. Some stakeholders bought shares by breaking fundraising rules, faking qualifications or ent

rusting a third party to hold the equity. Some shareholders sought control over rural banking institutions’ ope

rations through invisible association and even instigated the institutions to issue loans to them and refused to repay.

The regulators will strengthen areas of institutional weakness by increasing supervision of the

shareholders of rural banking institutions, making detailed rules on shareholders’ related party tran

sactions, and pushing forward with equity trust, in addition to urging the rectification of problems, imposing seve

re punishment, and enhancing corporate governance capabilities of such institutions, said an official of the CBIRC.

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ledges at forum draw overseas experts’ praise

The international community has hailed President Xi Jinping’s call on Friday to ease mar

ket access for foreign capital and increase imports so that opening-up reaches a higher level.

Xi said in his keynote speech at the opening ceremony of the

Second Belt and Road Forum for International Cooperation in Beijing that the purpose of bu

ilding the Belt and Road is to achieve win-win cooperation and common development.

China will increase its imports of goods and services and will further lower its tariff rates, Xi said.

Francis Chua, chairman emeritus of the Philippine Chamber of Comm

erce and Industry, noted Xi’s emphasis on quality imports and state-of-the-art products.

“China will keep its commitments,” said Chua, who was attending the forum as a member of the Philippine business delegation.

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President Xi’s speech deeply motivated us and touch

ed our heart. I have the same feeling about world development. The speech really firms our belief in a more intercon

nected and mutually developed world. China’s policy of persisting in reform and opening up is an inspiring polic

y to the world. It will build so many bridges of mutual development for the belt and road region. China is going to main

tain a friendly and peaceful development attitude, and it will help the Belt & Road countries to get investment wit

h high quality. Also, President Xi really showed us a new model of development and investment, focusing on s

ustainable development, green economy, which helps the world to become a better place to live.

More Chinese will take medium- and short-distance trips during the May Day holiday after it was ext

ended to four days and travel time by high-speed train was shortened, according a travel report released recently.

The Labor Day holiday this year has been extended from one to four

days, according to the State Council’s response to an appeal from the public in March.

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hina aims marked cut in water usage by 2020

China aims to substantially reduce water consumption by 2020 to tackle a supply bottl

eneck that could undermine the environment and sustainable economic growth.

By next year, waster usage per 10,000 yuan (about $1,492) of gross domestic product w

ill be 23 percent less than in 2015, according to the National Development and Reform Commission (NDRC).

The country also aims to cap water consumption below

670 billion cubic meters by 2022 and 700 billion cubic meters by 2035.

China still faces serious scarcity of water resources. Its pe

r capita water resource share lags far behind the world average.

An action plan jointly released by the NDRC and the Ministry of

Water Resources has put forward major initiatives to meet the goals, promoting man

agement mechanism of water saving contracts and water-saving service industries.

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Information compiled by the NGO from government docum

ents show that at least 162 sources of drinking water across the country have been aba

ndoned or were slated for suspension over the past decade, mostly in the south.

It said many areas in the south must receive water diverted from far

away because of local pollution. For some areas in the north, diversion is chosen beca

use of water shortages. Many places in Jiangsu province have turned to the Yangtze for water.

Previously, cities in southern Jiangsu relied on Taihu Lake, China’s third-largest fresh

water lake, and other local water bodies for their drinking water. This changed, however, after a major outbr

eak of blue-green algae in 2007. The incident forced Wuxi to temporarily suspend water supplies. After the inci

dent, major cities in the Taihu basin turned to the Yangtze for drinking water, the report said.

In Taizhou, located on the north shore of the Yangtze, Xinghua is the o

nly one of six areas administrated by the city that has yet to tap the Yangtze for its drinking wat

er. But a diversion project from the river was listed on the Xinghua government’s agenda last year.

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Employers may extend working hours after consult

ation with an employee, but shall not exceed three hours a day or 36 hours a month.

The 996 work schedule, however, can easily ratchet up weekly work to 60 hours.

Jiang said tech firms represent the country’s most advanced productive force and s

hould have the wisdom to adopt a more effective way to improve productivity.

Zhao Wei, an industrial sociology professor at Beijing

Normal University, said the new industries led by internet companies

have revolutionized how workloads are calculated, thus dimming the distinction of working overtime.

“Labor laws should be revised with new industries in m

ind-which in today’s case is the information industry,” she said.

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