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tee steady business growth. In the future, we will increase investment in AI applications in the finance and manu
facturing sector, enhance our AI technology, such as machine learning, natural language processing and deep learning, consolidate customer rela
tionships, as well as cultivate the new generation of AI talent for China,” He from SAS China said.
Since World War II, globalization came in two stages. From 1945 to roughly 1975, the United States, Western Europe, and Japan
achieved steady economic growth, with the benefits of that growth spread widely throughout the population. In F
rance, this period is called “30 glorious years” and in Germany it is known as the “economic miracle”.
The second stage of globalization started in the late 1970s and has continued until today with a process of reform and open
ing-up not only in China but in countries of the former Soviet Union and in India.
This has been great for the world. China alone has lifted more than 850 million peopl
e out of dire poverty. But it has also increased competition faced by workers and companies.
The partial globalization of 1945-1975 worked great for average workers in the West. For much of this period, a young perso
n could get a high-paying and apparently secure job in a factory that would allow him to live a middle-income lifestyle.
It’s very hard to believe now, but in 1980, the US city with the highest average wage was Flint, Michigan, followed closely by Detroi
t. Other leading cities in terms of wages were Chicago, Houston, Milwaukee, Youngstown and Cleveland – all
of which were centers of industry and manufacturing. At that time, San Jose, the center of then quite small Silicon V
alley was fourth, San Francisco sixth, and capital Washington was eighth. New York City did not make the top 10.
Many people in the US and Western Europe look back nostalgically on those 30 years aft
er WWII when artificial limits on global competition protected extremely high-paying manufacturing jo
bs. It is very sad to see only empty, rusting factories where thousands of people used to work.
It’s tempting to use tariffs or other protectionist measures to try to
retain the companies that provide these high-paying manufacturing jobs. But, most o
ften the protections just lead to unproductive companies, declining innovation, and slowing GDP growth.
The growth of manufacturing activity in China eased in April but remained within expansion territory, adding to the confidence that the country’s economy is stabilizing.
The purchasing managers index for the country’s manufacturing sector came in at 50.1 in A
pril, slightly down from 50.5 in March, the National Bureau of Statistics said on Tuesday.
A reading above 50 indicates expansion, while one below it reflects contraction.
Senior NBS official Zhao Qinghe said in a statement that factory activity continued a steady ex
pansion in April, with the subindexes for production and for new orders standing respectively at 52.1 and 51.4. T
he readings are slightly lower than those in March, but they are higher than the average performance of the first quarter.
“Market demand is driving a stable growth in production,” Zhao said, adding strong growth in e
merging industries, such as high-tech and equipment manufacturing, also contributed to the steady performance.
fied. Shortly after the attack, the US government introduced the Patriot Act, the Accuracy Act and
the Foreign Intelligence Surveillance Act, which formed a comprehensive intelligence surv
eillance network. According to a survey by Privacy International in 2007 covering 47 countries, the United States ran
ked first in the monitoring index. But the United States didn’t stop there. In 2013, Edward Snowden, a technical an
alyst at the Central Intelligence Agency (CIA), exposed the Prism program. In this seven-year top-secret electronic sur
veillance, monitored individuals include non-Americans who use related company services, or any US citizen who co
mmunicates with foreigners, including email, video and voice conversations, and social network details, and so on, can be descr
ibed as large-scale indiscriminate monitoring. Surveillance states were finally formed.