Quotable quotes from business leaders at 3rd WIC

Praising Tianjin’s efforts and achievements in intelligent sc

ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred

icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing.

Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp

etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma

nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana

lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supply chain.

Liu Qingfeng, chairman and CEO of iFlytek, said the company has developed a series o

f products driven by AI applications, based on small samples over the past year.

The company’s latest technological breakthrough is for the first tim

e its machine has surpassed humans in English reading comprehension, Liu said.

He said that he believes AI in 2019 has entered the year of large-scale application.

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Through 10 years of dedication to quality journalism and

 technological innovation, the app now is a market leader with over 20 million downloads.W

ith eight propellers stirring in the air and the motor roaring, a flying vehicle successfully carried its inventor Zhao

Deli, who was dressed in a black suit complete with a helmet, goggles and elbow and knee protectors, into the air.

Over 500 news media industry executives, journalists, sponsors and suppliers attended the 2019 event.

The Guardian walked away with the top prize.

Besides its accurate, timely and engaging news reporting, the app also

provides the go-to source for foreigners interested in travel, study or work in China.

“One judge particularly enjoyed the intelligent algorithm basis of the newsfe

ed. The China Daily app has enormous scale, is easy to use and is very reader friendly,” said the judging panel.

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Other commonly used disaggregated growth meas

ures are consistent with the top-line measured GDP growth number. For example, production and

supply of electricity, thermal power, gas and water increased by 7.1 percent in the quarter. Pl

us, value-added index of transport, storage and post increased by 7.3 percent.

A closer look at the highest growth sectors shows that the economy is moving toward the long-term goal of shif

ting away from a development strategy based on heavy investment in industry and

infrastructure to one based on services and domestic consumption. Also, more productive industries that tur

n out higher-value added goods are growing at a much faster rate than traditional heavy industry.

Among large companies, State-owned enterprises grew 4.5 percent yea

r-on-year while shareholding enterprises grew almost twice as fast, at 7.8 percent. So, stro

ng progress is being made toward the goal of promoting private enterprise, which was re

inforced by many policies announced at last month’s meeting of the National People’s Congress.

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Germany, another European country, has no plans to

block Huawei from participating in the buildup of its 5G ultra-high-speed intern

et, according to a previous China Daily report citing a Financial Times interview with the pres

ident of the Bundesnetzagentur, Germany’s telecommunications regulator.

Huawei CEO Ren Zhengfei said the company will comply with

European cybersecurity standards and the General Data Pr

otection Regulation laws that govern the EU during a previous interview with CNBC.

Huawei Technologies Co said on April 22 that it posted 179.7 billion yuan ($26.8 billi

on) in revenue in the first quarter of 2019, a 39 percent growth on a yearly basis.

The company had signed 40 commercial contracts for 5G by April 15, and had shipped

more than 70,000 5G base stations to markets around the world, said Huawei last week.

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Politburo upbeat on economic datag Motors on the assem

China’s economy grew better than expected in the first quarter and market confidence was raised in

an outstanding way, according to a statement from a meeting presided over by President Xi Jinping on Friday.

During the meeting of the Political Bureau of the Communist Party of China Central

Committee, members analyzed the current economic situation and made plans for economic work.

In the first quarter, government departments pushed forward high-quality growth, deepene

d supply-side structural reform and carried out positive fiscal policy and stable monetary policy, the statement said. Main mac

roeconomic figures were in proper range, and reform and opening-up was pushed forward continuously, it said.

The statement said lots of difficulties and problems remain in economic development, with m

ore tension in the external economic environment and downward pressure on the domestic economy. Government departments shou

ld remain steadfast and be brave in overcoming difficulties in economic development, it said.

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Customs makes its biggest tusk bustuangpu Customs Distri

China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.

It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in

dependently by customs officers, the General Administration of Customs said on Monday.

The case was solved in March after a combined operation of differ

ent customs offices lasting three months. A total of 238 custo

ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.

Twenty suspects were detained for further investigation, accor

ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.

Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.

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Besides, most of the steel firms in the region still

use blast furnaces that are more polluting than electric furnaces, which res

ults in huge energy consumption and pollution discharge burdens, according to Lyu.

To better protect the environment, it is not enough to relocate the production capacity f

rom one place to another within a province as some local governments have done, he added.

Lyu made the remarks at the 2019 China Iron and Steel Develo

pment Forum, which was jointly held by the China Metallurgical Industry Planning & Res

earch Institute and the Chinese Academy of Engineering in Beijing over the weekend.

Since 2016, China has made remarkable progress in reducing overcapacity in the sector, fulfilling th

e upper overcapacity reduction goals for the 13th Five-Year Plan (2016-20) two years in advance. The util

ization rate of crude steel capacity has risen from 70 percent in 2015 to more than 80 percent now, according to Lyu.

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According to iiMedia Research, a market consultancy, cross-

-border online shopping in China grew by 20.6 percent year-on-year to 7.6 trillion yuan ($1.1 trillion) in sales in 2017.

The nation is encouraging cross-border e-commerce transactions by easing the annual cap

on cross-border online purchases and adding categories of imports to the duty-free list, according to the Ministry of Finance.

Starting from this year, the annual duty-free quota for cross-borde

r e-commerce purchases for individual buyers will be lifted to 26,000 yuan from the current 20,000 yuan.

“The livestreaming form, as a new operation model for online marketplaces, could settle

the problem of information asymmetry,” said Chen Tao, an analyst with internet consultancy Analysys in Beijing.

Both Alibaba Group Holding Ltd’s Taobao and its rival J

D, two of China’s biggest online shopping sites, have launched their own livestreaming platforms.

Shop owners hire livestreamers with large fan bases to help promote their products, and meanwhile, a link to the purchasing page hovers on the streaming screen.

Monica Zhang, who lives in France with her husband, opened an online store on Taobao. She became a livestreamer last year.

www.shlf21.com

Bank of Beijing planning venture with Dutch lender NV at a bra

Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the estab

lishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.

With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, which is still waiting for regulat

ory approval, may become China’s first commercial lender in which a foreign shareholder has a controlling int

erest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.

Drawing on the experience of ING Bank in the successful development of direct banking services, the joint venture will build

a brand in the area of digital banking with the help of financial technologies and try to become a benc

hmark in terms of the implementation of China’s push to further open up its financial sector to for

eign investors, said the mid-tier commercial lender BOB in an announcement.

acopdm.cn

Type “Meghan” and “Kate” in to Google News and you

  William, Kate, Meghan and Harry attend at the Church of St Mary Magdalene on the Sandringham estate on December 25, 2018.

  ”It’s just clickbait,” a source close to both duchesses told CNN.

  The pressure to produce ever more dramatic headlines to drive traffic is intense, perhaps even more so when it comes to Meghan than when Kate Mi

ddleton entered the royal family. Back then, the running theme was how Kate came from working-class roots.

  So, is there any truth to the rift? The duchesses were in their 30s when they met, and already had their own esta

blished, close-knit groups of friends. And while the pair may not hang out together or call each other regularly, the so

urce tells CNN, they are friendly and they text one another — linked as they are by a common bond.

The alleged rift has also been cited as the reasons Meghan and Harry

are moving out of Kensington Palace and plan to establish their own office. But CNN’s sou

rce said this is more to do with Harry wanting greater independence, and William needing his own team in pre

paration for so-called “reign change,” when Charles will become King and William will step up as the Prince of Wales.

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