Huawei’s rotating Chairman Guo Ping addressed UK’s securit y concerns after the Chinese telecommunications company was criticized in a report on Thursday. Huawei’s performance in the past 30 years has proven it has the best security record in the industry, Guo said at a press conference in Beijing on Friday. The results from authorized professional test and evaluation companies in the US, UK and Finland show 9 out of 12 profes sional capabilities of Huawei’s products have reached the top level and the other three are above average. Huawei accepted the strictest and toughest tests from UK’s monitoring institution and was th e first toRead More →

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,Read More →

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 ZhongnanRead More →

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, BelinRead More →

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 inRead More →

their business by locating the post-Brexit hub for one division in Frankfurt or Paris, and another in Dublin or Lux embourg. The most obvious example is Bank of America Merrill Lynch, which has chosen Dublin as the EU hub for its bank ing business, and created a new entity in Paris, which will be the hub of the its markets business. Kieran Donoghue, the global head of international financial services, strategy and public policy at IDA Ireland, an agency responsible for attracting foreign investment into that country, attributed the “m ultipolar” scenario to the fact that no single financial center in Europe has the fullRead More →

next 15 years. Which means China will continue to expand its domestic market. And since Italy has indicated its intention to deepen economic and trade coopera tion with China under the BRI framework, it is likely that economic and trade cooperation will expand in the future. With better connectivity for economic cooperation among an increasing number of countries, there is a possibility that the world e conomy will pick up steam, which in turn will help fight the rising wave of unilateralism and protectionism. Discussions and consultations are under way between Beijing and Rome to extend the Chongqin g-Europe train line to Italy. In theRead More →

 round. Tourists can explore the old town, hike amid the clouds, cycle around the lake and enjoy bustling street festivals. Before he settled in Dali, Yang worked for a bank in Chongqing, his hometown. After moving, he started a business selling hand-made traditional costumes of the loc al Bai people, one of the ethnic groups in China. Many people from the group live in communities in Dali. A year after he arrived, Yang opened his small restaurant, which serves spicy Chongqing cuisine. He has developed a close relationship with his customers. “I cook the food on my own for my customers, most of whom areRead More →

life. They have their own property and a business in Dali. She gave birth to a daughter last year, which has made life busier. She said Dali is a good place for her to get to know more people from across the country. Many of the nonlocals who have chosen to remain in Dali, which also at tracts considerable numbers of foreigners, believe their new lives are good. “Maybe someday when my daughter is of school age we might go back to Beijing. But who knows?” Chu said. Mu said, “I don’t know what will happen in two or three years time or beyond, butRead More →

Cao, the mayor of Yancheng, said on Sunday afternoon that repair work on schools damaged in the explosion was almost completed. Classes will resume on Monday. Parents of nearby primary schools and kindergartens received text messages that the schools wou ld reopen on Monday morning. Teachers and government workers had cleaned the classrooms and arranged the desks in order. Gu Wei, who works about 350 kilometers away from his home near the chemical plant, rushed home on hearing the news of the blast on Thursday. Concerned about safety, he se nt his 16-year-old son to a relative’s home in a nearby township soon after heRead More →