China will unveil various measures to improve transport efficiency and lower logistics costs, according to a spokesperson for the transport ministry.
Vowing to see a notable increase in transport efficiency in the next
three years, the country will accelerate the construction of a comprehensive tra
nsport network, spokesperson Wu Chungeng told a news conference on March 28.
Efforts will also be made to expand the electronic toll collection system and promote multimodal transport, Wu said.
Meanwhile, the logistics costs are expected to be reduced by 120.9 billion yuan (about $17.97 bil
lion) in 2019, and a logistics service system in line with the country’s high-quality growth will be established over the next three years.
To fulfill such targets, the ministry will optimize transport struct
ure, upgrade rail, road and waterway transport systems and expand the network of logistics hubs, Wu said.
Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre
e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.
“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti
c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.
As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3
50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.
The future of the commercial aviation market in China is very exciting, Li said, and no othe
r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.
A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m
ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.
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.
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.”
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.
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.”