Archive March 2019

China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

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We have sent farming experts to hybrid rice growing are

s overseas, and we give local farmers guidance, training and planning for future develop

ment,” said Xie, who has worked as an expert in Vietnam, Myanmar, Cambodia and Gambia.

Under the Boao Forum framework, Hainan has created a series of subforums, such as the

ASEAN-China Governors/Mayors Dialogue, the 21st Century Maritime Silk Road Island Economy subforum, the South China Sea su

bforum, the Roundtable Discussion for Overseas Chinese Business Leaders and Chinese think tanks, Wang said. “These diplo

matic platforms serve as new bridges to promote practical industrial cooperation between BRI countries.”

Activities at the Boao forum this year will highlight land and sea interconnectivity betwee

n BRI countries. Invitations will be sent to overseas participants to share in building a pilot free trade zone in Hainan.

Hong Kong youth groups will be invited to Hainan to see space satellite launch facilities, deep-sea science and techn

ology, seed breeding and other fields. Invitations will be extended to young people from ASEAN countries, Lanc

ang-Mekong river nations and BRI countries to promote people-to-people understanding, Wang said.

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Her remarks were based on a Deloitte research, named

Deloitte Industry 4.0 Readiness Report. The research surveyed more than 2,000 global executives and public sector leade

rs in 19 countries, including about 130 from China, about how they are prepared to embrace the revolution.

According to the report, the revolution-which features the booming new technologies and th

e combination of them-has a big opportunity to positively change the world, but has also posed great

challenges. To thrive in the future, Hook believes businesses should strengthen cross-border cooperation and pri

oritize diversity and inclusiveness in corporate cultures-all to maximize the ideas and angles to tackle the challenges.

A key part of achieving diversity is to close the gender gap in bu

siness leadership, which is especially large in the Asia-Pacific region, including China.

According to a report from McKinsey Global Institute released last

year, slightly less than four women held leadership positions for every 10 men in bu

siness and politics, worldwide in 2016. The figure fell to one for four for the Asia-Pacific region, and one for five in China.

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Considering that the aircraft faces uncertainties in its airwo

irworthiness, after looking into the matter, the administration decided to suspend Boe

ing 737 MAX 8 airworthiness certifications immediately,” the Civil Aviation Administration of China said in a sta

tement unveiled on Tuesday, adding that the ongoing investigation had not ruled out design flaws in the aircraft.

“A certificate is granted by the country’s regulator after an aircraft has been inspected and

meets the requirements for safe operation,” said Li Xiaojin, a professor of aviation economics at Civil Aviatio

n University in Tianjin, “It’s a long process to determine whether an aircraft is airworthy.”

It took Boeing 15 months to get an airworthiness certificate for the first 737 MAX 8 from the a

dministration, he said, adding that the certificate was issued in October 2017.

The administration has sent experts to participate in investigations and will rev

iew the model’s airworthiness with a focus on alterations to the jet engine design and pla

cement. It will resume accepting applications for the certificate after the aircraft design is found to meet the requirements.

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The improvement is attributed to the establishment of a nati

national-level IP court under the Supreme People’s Court on Jan 1, which has strea

mlined the appeals process and helps prevent inconsistency in legal

applications, Ma said.

With such a national-level IP court,

litigants who disagree with the verdicts of local cou

rts at the city level or local IP courts can appeal directly to the top court instead

of appealing to provincial-level courts.

Under previous procedures, the two Chinese companies could not have appealed

to the top court directly but would have had to go to the Shanghai High People’s

Court after the first verdict.

Guan Yuying, an IP researcher at the Chinese Academy of Social Sciences, said

a streamlined litigation process and more p

rofessional judges for IP-related lawsuits will help ensure the judicial quality of

such complicated patent cases.

Wednesday’s trial was heard by a five-judge panel led by Luo Dongchuan, vice-

president of the top court and the chief judge of its IP court.

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Ruan said the finished products, after the drying proce

e sold at a market price of more than 15,000 yuan per kilogram. In the markets of Hunan an

d Fujian provinces, some products are still short in supply and sell for more than 20,000 yuan per kg.

Now, the company is gradually entering markets in Beijing and the Yangtze River Delta and Pearl River Delta regions.

Besides offering considerable economic benefits without felling trees, the dendrobium industry has also accelerated poverty alleviation in Zhegui.

Poverty-stricken villagers are encouraged to work at the dendrobium base and buy shares in the company.

With an average annual income of over 30,000 yuan, a total of 1,691 residents in 445 households in Zhegui have stepped out of poverty, statistics showed.

Starting from Zhegui, dendrobium has made roots in many regions of Anlong cou

nty, with the total area of imitation wild dendrobium covering more than 340 hectares.

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largest source of imports. Given that Italy enjoys many tec

hnology and brand advantages, it has become one of the main destinations for Chinese ente

rprises’ overseas investment in recent years, with the scale of investment gradually increasing.

The establishment of the China-Italy Government Committee and dialogue mechanisms such as regul

ar meetings between the Chinese premier and Italian prime minister has provided a solid institutional foundation for cooperation bet

ween the two countries. And frequent high-level interactions between the two sides have deepened their economic ties.

But there is still enough room to expand Sino-Italian economic relations. In terms of trade, th

e industrial structures of China and Italy are highly complementary, and the huge potential for

bilateral cooperation in manufacturing, agriculture and innovation has not been fully tapped.

China has a vast market and is the world’s second-largest impor

ter of goods and services, and has vowed to further increase its imports. At the first China Inter

national Import Expo in Shanghai in November, President Xi said China’s imports of goods and service

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To attract more foreign investment to China, the country’s

?top legislature recently passed the Foreign Investment Law, which says China will gradually shorten the negative list fo

r foreign investors to increase inbound foreign investment. This, together with Italy’s policy to welcome Chin

ese investment, is expected to help the two countries take more measures to boost investment cooperation.

Sino-Italian friendly exchanges have a long tradition, and the prospects for deeper bilateral cooperation are bright. This ye

ar marks the 15th anniversary of the establishment of the Sino-Italian comprehensive strategic partnership, and in 2

020 the two countries will celebrate the 50th anniversary of the establishment of their diplomatic relations.

Therefore, the two sides should synergize their development strategies and tap the potential for further bilateral cooperation. They should also strengthen bilate

al macroeconomic policy coordination under the frameworks of G20, World Bank, Asian Development Ban

k, Asian Infrastructure Investment Bank and other multilateral mechanisms, and help maintain the rule-based multi

lateral trading system and jointly promote global governance reform apart from deepening Sino-Italian and Sino-EU relations.

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As a professional writer, Chu has interviewed dozens of peop

?from across the country who moved to Dali. She and her husband, who help organize activities

such as gardening, hiking and cycling for newcomers, have a big circle of friends who have relocated to the city.

“People have different reasons for leaving, ranging from the need to take care of elderly pare

nts who have stayed in their hometowns, to taking their children back to big cities for better education,” she said.

People are also leaving because after two or three years without work, they need to find paid employment.

In recent years, thousands of people have moved to Dali from big cities. The exact number is not kno

wn, but a rough estimate from the local government shows that about 40,000 newcomers are living in the city.

Many people decided to leave their jobs and move to Dali from large cities such as Beijing, Shanghai and Guangzhou, capital of Guangdong pro

vince, due to work pressures and surging property prices, which have been hotly debated nationwide in recent years.

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Her business enabled her to live her dream; every mornin

?she opened the windows, breathed clean air, and the surroundings were often bathed in su

nshine, with beautiful flowers dotting the lake as waterfowl paddled on the surface.

However, in 2017, the local government ordered all 2,400-plus hotels, guesthouses and

restaurants around the lake to close until they had been checked and the authorities confirmed they had all the permits required.

With the tourism industry expanding rapidly in Dali, wastewater and garbage were often found being disposed of directly into

the lake due to insufficient or dilapidated facilities on the shore, creating one of the lake’s major sources of pollution.

Since October, a widespread environmental campaign has escalated and more t

han 1,800 lakeside properties within the protection zone – including 540 guesthouses – have been demolished.

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