the WTO is for the benefit of the public, not a tool for par

embers. If its members cannot reform the architecture and resolve the key issues, they may all end up in various regional groups.

“Many bilateral tensions or challenges countries are facing today requir

e a multilateral response, and WTO reform is definitely needed, especially in the area

s of trade and investment,” said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

Chen Fengying, a senior economics researcher at the China Institutes of Contemporary Internationa

l Relations, said the US government seems to have made driving WTO reform its priority so that the country can claim the high gr

ound in global trade and lead the process for making new rules and establishing a new global trading system.

This move poses a challenge to the WTO and its basic principles including that of most favored nation status and national treatment, she said.

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The operation of the infant ward was suspended, and the hosp

ospital was ordered to solve management problems relating to the case, check on the condition of the surviving babies and console the parents.

A deputy director of the health bureau of the Shunde district of Fo

shan, Guangdong, was also fired, and others deemed responsible were punished.

No new case has been reported in the hospitals that have treated the affected babies.

The provincial health commission has ordered all the medical institutions in the province to check their infection-control procedures.

The viral strain that affected the infants was identified by the commission as Echo 11. It is an intestinal virus to which chi

ldren, especially infants, are susceptible. It is closely related to a respiratory infection.

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While educational evaluation has an important role of

f guidance, such roughly generated and lame evaluations cannot objectively reflect the real

conditions of schools, and have severely disrupted education activities, the statement said.

The MOE will therefore continue to regulate such acti

vities in accordance with law and regulations, according to the statement.

The China Earthquake Administration pledged to enhance its earthquake detection c

apability as it rolls out an experimental project in the country’s tremor-plagued southwestern region.

The administration has established over 360 new monitoring stations in the China Seismic Experimental Site, which spans Sichuan

and Yunnan provinces, since construction of the project was launched about one year ago, Zheng Guoguang, vice-m

inister of emergency management and head of the administration, told a news conference on Friday.

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Ministry: No winners in China-US trade wartrade war, and C

There is no winner in a trade war, and China hopes to solve the issue through dialogue rather than unilateral mea

sures, said Gao Feng, Commerce Ministry spokesperson at a news conference on Thursday.

The two countries should meet each other halfway and resolve problems through cooperation and discussion, Gao said.

Qin Guangrong, former Party chief of southwest China’s Yunnan Province, is being investigated for suspe

cted serious violations of Party disciplinary rules and laws, according to the country’s top anti-graft body Thursday.

Qin is being investigated by the Communist Party of China Central Com

mission for Discipline Inspection and the National Supervisory Commission.

He voluntarily surrendered.The peaceful resolution of Sino-US tra

de tensions is the expectation of the whole world, the spokesman added.

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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.

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This issue is similar to the environment. External critics

ent. External critics of China don’t appreciate that Chinese themselves realize there

are issues to be addressed. They are doing so. These developments should be encouraged.”

President Xi Jinping, who spoke at the Second Belt and Road Foru

m for International Cooperation in Beijing recen

tly, listed areas in which China will improve the environment for foreign investment.

The president said the nation will work hard to create a business environ

ment that respects the value of intellectual prop

erty, will improve the legal system for IPR protection at all levels, will strengthen law enforcement and pr

otection for the legitimate rights and interests of foreign IP owners and will bar the

forced transfer of technology, improve protection of trade secrets and crack down on infringement.

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Hospital in Boao has business license revoked over ille

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.

www.ax132.cn

Walmart banks on tech innovationn escalator in a Walmart

US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba

sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.

Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of

the most important markets for the US retailer. Technology will be another major focus area for the com

pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.

McMillon said Walmart has developed digital solutions to better u

nderstand customer behavior and spending patterns, which in turn has helped the ret

ailer to create new products and to solve old retail problems with modern technology.

Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel

ped Walmart to reach out to more customers and improved the overall decisionmaking process.

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Second, a fixed trap threshold of $16,000-$17,000 may be

 be a great literary device, but it makes little sense in a dynamic global economy. Since early research on the middle-income trap was published in 2012, the world economy

has grown by about 25 percent-presumably boosting the moving target of a middle-income threshold by a comparable magnitude over t

hat period. Largely for that reason, recent research has couched the trap not in terms of an absolute threshold, but as relative convergence to high-income cou

ntries. From this perspective, danger looms when developing economies’ per capita income approaches 20-30 percent of the level in high-income economies. Giv

en that China will hit about 30 percent of the United States’ per capita GDP (in PPP terms) in 2019, it must be time to worry!

Slowing growth not as alarming as feared

Third, not all growth slowdowns are alike. A country’s GDP is a broad aggregation of a multiplicity of activities across sectors, busin

esses and products. Structural shifts from one sector to another can give the appearance of a growth discontinuity that may be nothing mo

re than the outcome of a deliberate rebalancing strategy. This is very much the case with China today, given its shift from

higher-growth manufacturing and other “secondary” industries to slower-growing services, or “tertiary” industries. To the extent

that this shift is the intended result of China’s strategic rebalancing, a slowdown in growth is far less alarming.

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With the Israeli elections approaching and Netanyahu da

  amaged by a pending indictment stemming from a corruption investigatio

n, it became increasingly clear that Trump would look to bolster one of his closest international partners.

  Netanyahu in recent weeks had begun to renew his push for the US to recognize the Go

lan Heights as part of Israel. Earlier this month, he brought US ambassador to Israel David Friedman and

Sen. Lindsey Graham, R-South Carolina, to the Israeli-occupied territory, touting its strategic imp

ortance. Graham, a close ally of the President’s, promised Netanyahu he would personally lobby Trump to deliver.

  The Israeli ambassador’s visit was a precursor to Trump’s announcement on Thursday, a sen

ior administration official told CNN. The Golan Heights recognition had been in the works for sev

eral weeks, the official said, and culminated in a series of meetings between the President and his senior staff this week.

  US officials have offered no explanation as to w

hy Trump decided to take this step now, rather than wait until after Israel’s April 9 elections.

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