BEIJING， May 12 (Xinhua) -- For China， there is no way out but to innovate.


Its economic growth has slowed from double-digit rates to single digits. Drivers of growth -- the exports， property sales and manufacturing that have served so well for decades， have waned. Exports， in particular， will never again play the role they did before the global financial crisis.


The crisis and its aftermath have prompted developed nations to rethink their mode of growth， generating strategies such as Industry 4.0 in Germany and Re-industrialization in the United States， all based on new technology.


The new trends in these countries with advanced manufacturing capacities， and mushrooming lower-cost manufacturers in emerging nations have exerted double pressure on China， eroding its global competitiveness.


Meanwhile， China is increasingly aware of the environmental prices it will have to pay if it lingers in the labor- and resource-intensive section of the global manufacturing chain.


Overcoming these challenges while achieving its development goals can only be accomplished through industrial modernization. China is pegging its future prosperity on an economy underpinned by science and technology.


That strategy is to encourage research and development (R&D)， the generation of new ideas， and scientific progress. It will support entrepreneurs who take a chance to make new technology and ideas to scale and generate better and cheaper products and services.


Denying the Western stereotype of a hard-working and uncreative "world's factory" that churns out mounds of low-quality goods， China is now closing the gap on innovation.


The country's R&D spending， second only to the United States， grew by more than 11 percent annually during the past three years.


The investment is paying off. China is now home to some of the world's most innovative companies， particularly in the fields of mobile technology， biotechnology and medical services.


Shenzhen-based telecom equipment producer Huawei employs nearly 80，000 R&D employees and spends 10 percent of its annual budget on R&D. The company held its place as the top international patent filer in 2015 and has been charging Apple patent fees.


BGI， also headquartered in Shenzhen， is now one of the world's largest genomics companies. It has sequenced more DNA than any other institutions worldwide and helped cut the cost of sequencing a complete genome.


There are plenty more -- the business model that led Alibaba to retail domination， the development of the world's longest high-speed rail network， the world's highest-elevation railway and the world's fastest supercomputer.


It's true China still lags behind in some ways. The country needs further reforms and better protection of intellectual property rights.


Yet for a country that invented paper， gunpowder and the compass， its ambitions could be realized.


HARARE Josh Doctson Redskins Jersey , Sept. 28 (Xinhua) -- While social media has proved to be an effective medium of communication, the Zimbabwean government is worried that some people are abusing it with the intention to cause political chaos and prop up the opposition ahead of the 2018 elections.


The recent panic buying of basic commodities where some shelves were literally emptied in retail shops while prices of some goods skyrocketed has been attributed to false social media Troy Apke Redskins Jersey , with the Minister of Finance and Economic Development Patrick Chinamasa warning that the government would take drastic measures against "economic saboteurs."


Chinamasa said while Zimbabwe had its challenges, there were attempts by some forces to destabilize the country through triggering economic turmoil Geron Christian Redskins Jersey , New Ziana reported Thursday.


He said false messages on social media had spurred panic buying which had resulted in artificial shortages of fuel and goods as people rushed to hoard the commodities.


"It came to most of us as a complete surprise and in fact it was like a bombshell because there were no shortages in the market and what happened was not in sync with the prevailing situation in the economy at all," the finance minister told a media conference Wednesday.


"The developments in the economy are very positive and all indicators are in the right direction Preston Smith Redskins Jersey , the trajectory is on the right path," he said.


Chinamasa said the government would follow the direction of the European Union in introducing strict laws that deal with abuse of social media and other new technologies to spread lies.


With the impending elections Brandon Scherff Redskins Jersey , the government suspects that some people will use social media to prop the opposition by highlighting purported government failures.


Police on Sunday arrested a pastor who is well-known for using social media to express his discontent with government failures after he posted a video of long queues of motor vehicles waiting for fuel at some filling stations in Harare.


The state wants to charge Evan Mawarire with inciting members of the public to revolt against the government through the comments he made in the video clip.


The Reserve Bank of Zimbabwe has also had its fair share of false media and has been forced to make advertisements refuting various policy pronouncements seen on social media.


The government is drafting a law to penalize the "abusive" usage of social media with five-year jail terms to be imposed on offenders as it seeks to regulate the cyber space law and order.


According to the draft, any person staying either in Zimbabwe or overseas can be found guilty of intentionally generating Montae Nicholson Redskins Jersey , possessing and distributing an electronic communication with the intent to coerce, intimidate Samaje Perine Redskins Jersey , harass, threaten Fabian Moreau Redskins Jersey , bully or cause emotional distress to another person.


The Computer Crime and Cyber Crime Bill, together with two supporting bills on information technology Ryan Anderson Redskins Jersey , is intended to manage the cyber space following various act. Lamar Jackson Jersey Khalil Mack Jersey Kareem Hunt Jersey Authentic Julio Jones Jersey Authentic JuJu Smith-Schuster Jersey Jimmy Garoppolo Womens Jersey Jason Witten Kids Jersey Jared Cook Kids Jersey Jalen Ramsey Jaguars Jersey Ezekiel Elliott Cowboys Jersey