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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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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he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.

The ministry also called for small and medium-sized enterprises to forge alliances for common development to consolidate the fragmented logistics sector.

In recent years, China’s logistics industry has been experiencing consistent growth on the back of steady economic progress and a rising domestic market. Accor

ding to the National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, am

ounting to 14.8 percent of last year’s national GDP. The share was slightly up from the previous year.

The logistics sector is of strategic importance in the development of the market econom

y, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It redu

ced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.

China ranked 12th last year in the World Bank’s logistics performan

ce index covering 160 countries and regions. China’s position has moved up 15 places since 2016.

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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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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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China on Thursday urged the United Kingdom to respect China’s sovereignty and stop interfering in Hong Kong’s affairs.

Foreign Ministry spokesperson Geng Shuang made the remarks after the UK government released its latest six-monthly report on Hong Kong.

“We urge the UK to face the reality that Hong Kong has returned to China for 22 years, respect China’s s

overeignty, stop releasing relevant reports, and stop interfering in Hong Kong’s affairs,” Geng said at a press briefing.

It is undeniable that the “one country, two systems” practice has achieved widely-acknowledged success, he said.

“Hong Kong’s affairs have been entirely China’s internal affairs since

July 1, 1997. The British side has no right to make irresponsible remarks or interfere with any excuses,” Geng said.

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Environmental monitoring has detected an excessive amount of the harmful gas benzene ne

ar the site of a deadly explosion in Xiangshui county of Jiangsu province, authorities said on Thursday.

At 10 am on Wednesday, the benzene density stood at 2.04 milligrams per cubic meter at a monitoring point that is 1 kilometer away in the downwind direc

tion from the site, about 17.5 times more than the national standard. The concentration was below the standard, how

ever, 2 and 3.5 kilometers away, according to a media release from the Jiangsu environmental watchdog.

“Analysis done by environmental experts working on the site shows that the excessive den

sity of benzene occurred because buried pollutants were gradually exposed to the air as cleaning work cont

inues on the site,” Liu Youbin, spokesman of the Ministry of Ecology and Environment, told a news conference on Thursday.

The explosion occurred at about 2:48 pm on March 21 after a fire broke out in a plant owned by Jiang

su Tianjiayi Chemical Co. So far, the blast has claimed the lives of 78 people and injured more than 600 people.

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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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 took the examination, was quoted by China National Radio as saying that it had broade

ned his horizons and enabled him to gain a higher strategic perspective that can be used in planning future operations.

“It also reminded me of the necessity that as a commander, I not only need to take into consideration joint o

perations by various services in the PLA but also to think about joint campaigns with foreign militaries,” he said.

In June, the Ground Force organized a test for commanders of its 13 group armies – its la

rgest combat units. Since the start of this year, the Ground Force has conducted a wide range of exam

inations for almost all of its members to verify their professional knowledge and skills.

Geely and Daimler plan a 50-50 joint venture in China, which will develop and produce electric Smart br

anded vehicles and sell them globally starting from 2022, according to a deal the two signed earlier this week.

Representatives of the two carmakers said the Fi

nancial Times’ report of Daimler selling a 50 percent stake of Smart to Geely was not true.

Daimler, also owner of Mercedes-Benz, is currently prod

ucing the Smart branded vehicles in a plant in Hambach, France, but the plant will produc

e electric Mercedes-Benz models instead when the Chinese plant is finished. The location of the plant has not yet been disclosed.

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oss the period, be they old masters’ paintings, impressionist, or modern and contemporary, he said.

The second trend is that Chinese and Asian markets continue to grow and flourish

despite short-term macroeconomic challenges the world is facing, Belin said.

“We continue to see strong appetite for collecting and strong growth.

We continue to see a very strong demand and we do see (in Asian Art Week here) very stro

ng buying appetite from our clients; a depth of biding that even surprised ourselves,” he said.

The third key trend in Asia is growing number of young collectors, Belin said.

“There are more young billionaires in Asia than we have in Europe and in the U.S., and that’s also reflected in collec

ting, which is very exciting for Christie’s, because we can bring our clients much earlier on the collecting journ

ey with the best art across the world. And we can accompany them for even longer time in their journey.”

The flourishing Chinese culture market represents “fantastic opportunities” for Christie’

s and the auction house always attaches greater importance to the Chinese market, said the senior industry leader.

Being the first international fine art auction house to be gran

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