By becoming the first G7 member to join the Belt

By becoming the first G7 member to join the Belt

Road Initiative, Italy has set an example for other European countries on how to strengthen cooperation with China in the future.As for C

hina and France, the two countries inked agreements on deepening joint development, part

icularly through industrial cooperation. The two sides also signed billions of dollars worth of contracts.Now tha

t French President Emmanuel Macron, a firm supporter of European integration, has taken measures to im

prove China-France cooperation, the healthy and fruitful progress of Sino-French ties can in turn promote better C

hina-EU relations. Macron has always emphasized France’s position in the European integration project and China sup

ports his efforts.By reaching agreements on cooperation, Xi and Macron have paved the way for not only deep

er Sino-French cooperation but also overall Sino-EU cooperation, which was highlighted during Xi’s meeting with Germ

an Chancellor Angela Merkel and European Commission President Jean-Claude Juncker.

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Since 2015, more than 100 foreign experts and students

Since 2015, more than 100 foreign experts and students

 from countries involved in the BRI have visited Hainan annually to study agricultural technology, including Nanf

an’s breeding program, which is “playing the role of Silicon Valley for the country’s seed industry”, Wang said.

Hainan’s climate and biological resources have made Nanfan an important nation

al center of seed propagation. Every winter, more than 7,000 domestic agricultural scientists and

workers are busy at the Nanfan centers. More than 70 percent of the country’s 7,000 crop varieties have been culti

vated in the tropical island province, which is building a global resources center, National Business Daily reported.

“With good stress resistance and higher yields, hybrid rice seeds developed by Nanfan’s ce

nters are being welcomed in Southeast Asian countries,” said Xie Zhenyu, an assistant research fellow at th

e Research Institute of Tropical Crop Germ Plasm under the Chinese Academy of Tropical Agricultural Sciences.

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Her remarks were based on a Deloitte research, named

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

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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After a two-hour hearing on Wednesday, the top court up

After a two-hour hearing on Wednesday, the top court up

held the original ruling, and said the two companies should stop their infringement immediately.

The Shanghai IP Court will further calculate the exact amou

nt of compensation that the two Chinese companies should pay to Valeo, accor

ding to the verdict. During the first trial, Valeo had requested compensation of 6 million yuan ($893,000).

Wednesday’s trial is of great significance as it shows China’s growing efforts in protecting IPR, the top court said in a release.

“It shows the country’s strong determination in fighting infringement, and intensif

ied judicial protection for IPR and innovation-driven development,” said Ma Yide, an intel

lectual property professor from Zhongnan University of Economics and Law who attended the hearing.

The final verdict was reached only two months after the original one.

Such a fast pace reflects improved efficiency in handling IP-related lawsuits in Chinese courts, he said.

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Cities emerging into new post-Brexit financial centers

Cities emerging into new post-Brexit financial centers

The United Kingdom’s decision to leave the European Union has led major

financial companies in London to move assets and staff to continental Europe, mea

ning the post-Brexit landscape is likely to be far more “polycentric” than it is today

and far less centered on one location.

According to a recent report by think tank The New Financial, more than 40 companies have shifted staff or oper

ations to more than one financial center within the EU, with 100 choosing the

Irish capital as a post-Brexit location, whi

ch was the most popular choice ahead of Luxembourg, with 60, Paris with 41, Frankfurt with 40, and Amsterdam with 32.

William Wright, principal author of the

New Financial Brexitometer report, said: “One of the most strikin

g findings of our analysis is the extent to which Europe will become a much more

‘multipolar’ world as a result of Brexit.”

Companies are migrating to, or expanding in, multiple financial centers, with man

y either establishing a dedicated division for EU business or spreading their staff

more evenly throughout the EU.

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Europe alone is not what makes London the number one cen

Europe alone is not what makes London the number one cen

ter for foreign exchange, for example. We clear more dollars than New York, and are the largest center for RMB trading outside greate

r China. London is strong and international,” she said. “The long-term fundamentals of London and the UK still remain strong.”

Alex De Ruyter, director of the Centre for Brexit Studies at Birmingham City University, echoed the

view of McGuinness, saying: “Whilst I think Brexit has clearly had a significant impact, it must be remembered that Lon

don is a global financial center and the majority of assets held by the financial services sector are outside of th

e EU, with the US, China, and other emerging economies particularly important markets.

“The 800 billion pounds figure only comprises about 10 percent of the estim

ated total assets of the UK banking sector,” he said. “So, the total volume of business affected has been relatively small.”

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Former vice-minister of public security expelled from Party

Former vice-minister of public security expelled from Party

Taking a step requires just one second for a typical person. But not for Gao Ziren, whose paral

yzed left leg requires him to first move a crutch forward before his leg, and then balance himself.

For 42 years, Gao, a teacher at Lixin village primary school in a mountainous area of East China’s Jiangxi province, has walked th

is way between his home, the school and his students’ homes. Over the course of his career, he has worn out more than 60 crutches.

Gao, 60, was born in a mountainous area of Meiling township, Wanli district of Nancha

ng. After coming down with polio at the age of 1, his left leg suffered muscular atrophy, which left him unable to walk normally.

He did not give up, relying instead on his mental strength to finish his studies from primary school through high school.

He started his career in 1977 when a village official visited him about being a teacher in the village, as one of the two teachers the

re had left. Gao agreed to take the position, as he knew the importance of a teacher to students, especially those like him.

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China and Italy complement each other in terms of resou

China and Italy complement each other in terms of resou

 resource endowment, with trade cooperation being the cornerstone of their relationship. Belt and Road projects have already helped expand the shipping trade

in the Mediterranean region, creating unprecedented development opportunities for Italy’s major ports.

And now that Beijing and Rome have signed a MoU on the Belt and Road Initiative, the two sides can establish better con

nectivity in order to promote globalization and free trade. The MoU also suggests that even developed coun

tries have started to accept the BRI as a connectivity and economic development initiative.

The MoU could also be an antidote to the rising wave of unilateralism

and trade protectionism in some regions, as more developed economies could now join the BRI.

China is now one of the largest cooperative partners of Italy i

n terms of imports and exports. As of November 2018, the bilateral trade volume had reac

hed $48.25 billion, more than the total for the whole of 2017, making Italy China’s ninth-largest export des

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Wang Yan, a businesswoman from Chengdu, capital of neig

Wang Yan, a businesswoman from Chengdu, capital of neig

eighboring Sichuan province, moved to Dali in 2014. She is among thousands of newcomers

who operate guesthouses around Erhai Lake, which offers stunning views that provide an escape from urban life.

The 50-year-old, who now wants to leave the city and return to her hometown, said her decision

to operate guesthouses in Dali had turned out to be a mistake, as it had left her heavily in debt.

She ran a garment company in Chengdu before moving to Dali, and the annual revenue from

this business was about 400,000 yuan. She and her family lived quite a good life, she said.

Like many of her peers, Wang was attracted by the scenery around Erhai Lake, and u

sed her capital to open a lakeside guesthouse business by leasing land from local farmers to build her own premises.

In 2014, she invested 6 million yuan in an 18-room guesthouse in Shuanglang township close to the lake.

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