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.”