China becomes second-largest source of ‘unicorn com

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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Chinese telescope collects more than 11 mln spectra

Chinese telescope collects more than 11 mln spectra

China has released 11.25 million spectra of celestial objects acquired by the Large Sky Area Multi-Object Fiber Spectroscopic Telescope (LAMOST) to astrono

mers worldwide, according to the National Astronomical Observatories of China (NAOC) of the Chinese Academy of Sciences Friday.

As the world’s largest spectral survey telescope, LAMOST mark

s the world’s first spectral survey project to obtain more than 10 million spectra.

Spectra are key for astronomers to read celestial bodies’ chemical compositions, densities, atmospheres and magnetism.

Among the released spectra, there are 9.37 million high-quality spec

tra, which is twice the total number of other astronomic surveys internationally. Th

ere are also 6.36 million stellar spectra, creating the largest stellar parameter catalog in the world.

Finished in 2008, LAMOST began regular surveys in 2012. The telescope is located in NAOC’s Xinglong Observatory, in north China’s Hebei Province.

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Xie Zenggang, commander of the 83rd Group Army who t

Xie Zenggang, commander of the 83rd Group Army who t

 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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More appetite among Chinese, Asian collectors for Western art

More appetite among Chinese, Asian collectors for Western art

hinese and Asian art collectors have become more knowledgeable, sophisticated and are branching out for m

ore Western works, said Francis Belin, president of Christie’s Asia, who is excited about the trend.

“Chinese clients have evolved from being very dedicated to Chinese arts to gaining increasing interest

in other categories and expanding the spectrum of the type of objects that they wish to collect,” Belin told

Xinhua in an interview in New York City during Christie’s Asian Art Week held on March 19-26.

Diversity of collecting is one of three “fundamental trends” the auction house has obse

rved among the Chinese and Asian buyers, Belin said, noting the increased appetite to collect across categories.

About 10 or 20 years ago, Asian collectors focused primarily on the art that relates to their own c

ulture, he said, “we’ve seen this evolved in the past years to be much more holistic in the collecting of our Asian buyers.”

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There is “more appetite” among them for western arts ac

There is “more appetite” among them for western arts ac

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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Zhang Zuhao, a sixth grade student, used to misbehave and h

Zhang Zuhao, a sixth grade student, used to misbehave and h

ve and have little interest in his studies, not even finishing homework. In order to change his

attitude, Gao Ziren visited his home every weekend, talking with his parents about the importance of studying.

Zhang Guangxing, Zhang Zuhao’s father, still remembered when Gao Ziren first visited

his home. Because of Gao’s insistence, the parents paid more attention to the child’s studies.

Gao Ziren said that because he walked slowly, it was too late for him to visit stud

ents’ homes after school, and therefore, he visited them on the weekends.

Now, many children follow their parents to live and study in cities, while som

e become left-behind children who live in rural areas and lack family care. Gao said it w

as important to be patient with left-behind children and pay more attention to their mental health.

Gao Xinyue, a second grade student who lives with her grandparents because her paren

ts work outside the rural area, was reticent and very timid when she first came to the school, performing poorly in her studies.

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I often demonstrate a range of products from clothing

I often demonstrate a range of products from clothing

cosmetics to luxury bags during the livestreaming. I would show 20 to 30 pieces of clothing to my consumers each time,” Zhang said.

“Livestreaming has helped increase daily visits to my store and significantly grew sales.”

According to a report released by China Tech Insights, a research unit affiliated with Tencent’s Online Media Group, it is more th

an likely that livestreaming will become a standard feature of all e-commerce platforms in China in the near future.

Since the establishment of diplomatic relations between China and Italy in 1970, bilateral relations have developed rapidly bearing fruitful results in various fiel

ds. Italy is one of the largest economies in the European Union and an important partner of China in Europe, and

the two countries have deepened pragmatic cooperation since establishing a comprehensive strategic partnership in 2004.

President Xi Jinping’s state visit to Italy has further deepened the Sino-Italian political a

nd economic relationship with the two countries signing a memorandum of understanding on Saturday to joi

ntly promote the Belt and Road Initiative. Which is a milestone for not only Sino-Italian partnership but also international free trade.

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

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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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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He also had a busy work schedule, and began to w

He also had a busy work schedule, and began to w

what life meant to him, Mu said.”I felt I needed a change, so I talked with my wife. She agr

eed with me that we should sell our house in Beijing and move to somewhere we liked,” he said.

The couple searched online and drew up plans to move, finally deciding on Dali, where they bought a villa on an estate at the foot of Mount Cangshan.

In May 2017, Mu left his job and traveled with his wife and son to their new home.

He said he is happy with his new life. “The lifestyle in Dali is slow, easygoing and totally relaxed. The

re are no business phone calls, as there always were in Beijing. This is 100 percent the life I dreamed of,” he said.

Mu is trying to find something he enjoys to begin a new career. “I don’t intend to take up a job to make money – I want to find so

mething I truly love doing to enrich my life,” he said. “Since I decided to move to Dali, making money is no longer a priority.”

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