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The city of Shanghai has become the first local government to answer the call of the central gove
rnment to promote automobile consumption by providing subsidies, since 10 mi
nistries and commissions of the country released six major methods of promoting car sales in January.
The official WeChat account of the Shanghai Municipal Government announced yesterday it will launch a car trade-i
n program, encouraging car owners to trade in their vehicles for new gas-powered cars complying with State-VI emi
ssions standards or new energy vehicles, according to a report by the 21st Century Business Herald.
The government will provide a subsidy of 10,000 yuan ($1,489) for a trade-in gas-powered
vehicle and 15,000 yuan for a trade-in new energy vehicle, the announcement said.
China’s automobile market saw a sales decline in 2018 for the first time
in 28 years, with passenger vehicle sales slumping for 10 consecutive months from last y
ear to March, according to the China Passenger Car Association. As the central government halved subsidies for new energy
vehicles this year, the promotion of car consumption depends more on local governments and enterprises.
poverty-reduction workshop, where over 40 women from poor families found jobs. They draw on their fine craftsmanship and hand
made items such as wallets, insoles and pillowcases, which sell at places as far away as Beijing and Shanghai.
In December 2018, Shangyan and Yangcao were removed from the list of poverty-strike
n villages with eight other villages of Huanghua Township, which means poverty had dropped to 3 percent and
below, with all impoverished population included in the national basic medical insurance scheme.
Ma died about a year after she was diagnosed with lymph cancer by a Beijing-based hospital in May 2017.
Even during chemotherapy, she often thought about poverty relief work, and after five months treatment, she returned to her office.
The mountainous Guyuan City, where Huanghua Township is located, is one of the sites whe
re the Workers’ and Peasants’ Red Army of the Communist Party of China arrived during the epic Long
March from 1934 to 1936, which had seen a large number of officers and soldiers killed or injured.
last year. Every day, an average of 5.5 million people use the nation’
s high-speed trains, accounting for nearly 60 percent of daily users of the country’s rail network.
The State-owned rail car manufacturer CRRC Corp, the world’s largest train maker, had sta
rted developing a new-generation of bullet train that will operate at 400 kilometers per hour.
A preliminary report issued on Thursday by Ethiopian officials found that a malfunctioning sensor sent incorrect inform
ation to a Boeing 737 Max 8 jetliner, triggering an anti-stall system that began a chain of events that ended with th
e plane nose-diving into the ground, killing 157 people on March 10, the Associated Press reported.
Boeing has acknowledged that the sensor malfunctioned in the Ethiopian Airlines 737
Max jetliner, triggering the anti-stall system when it was not needed, the AP reported.
In addition, CRRC is designing two types of maglev trains-a 600 km/h high-speed version and a 200 km/h medium-speed ver
sion. Designers said the company expects to put them into service sometime around 2021.
growth－and with good reason. China sustained an average annual growth rate of 10 percent from 1980 to 2011, unprece
dented for a large economy. Since 2012, however, the annual growth has slowed down with the Government Wor
k Report presented recently by Premier Li Keqiang setting a growth target of 6-6.5 percent for 2019.
For China doubters, this is a “gotcha” moment. After all, the premier’s grow
th target implies a 40 percent deceleration from the “miracle” trend. This seems to vin
dicate warnings of the dreaded “middle-income trap”－the tendency of fast-growing developing economies to re
vert to a much weaker growth trajectory just when they get their first whiff of prosperity.
The early work on this phenomenon was precise in terms of what to expect: as per capita inco
me moved into the $16,000-$17,000 range (in dollars at purchasing power parity in 2005), a sust
ained growth deceleration of around 2.5 percentage points can be expected. With China having hit that income thr
eshold in 2017, according to International Monetary Fund estimates, its post-2011 slowdown looks all the more ominous.