pening-up in China’s services sector, together with high-tech development supported by artificial intelligence, will help lift Chinese
economic growth from 6.3 percent to around 7 percent by 2035, said Zhu Min, a former deputy managing director at the IMF.
“Market-oriented reform and opening-up will improve productivity in the service sector, whi
ch is an important thing that China is focusing on to stabilize economic growth,” Zhu said.
Chen Yulu, a vice-governor of the PBOC, also supported a “full-scale” opening of the financial sector. In the future, foreign invest
ors are welcome to conduct all forms of financial business in China, excepting those being named on a nega
tive list, and authorities are researching a new regulatory system, Chen said at the forum on Saturday.
ed China’s digital economy had reached more than 27 trillion yuan ($4 trillio
n) in 2017, a year-on-year rise of 20.3 percent, accounting for nearly 33 percent of GDP.
Lu said the growth rate of the number of people working as new media operators in 2017 was mo
re than 10 times that of 2013. The growth comes as more consumers turn from mass media to new me
dia, which provides more information, is faster, has a more diversified presentation and cheaper cost.
Algorithm engineers, in particular, grew at exponential rates. More than fi
ve times as many people worked as algorithm engineers in 2017 than 2013, he said.
“Algorithm is the foundation for artificial intelligence. AI has started to integrate with other industr
ies and already had been successfully implemented in AI plus marketing, finance and assisted medical dia
gnosis. AI engineers will have more value as AI becomes more closely tied with more businesses,” Lu said.
r not fulfilling payment obligations and barred from excessive spending.
In an internal letter in December Dai claimed that his company is under huge pressure
stemming from cash flow issues, refunds, repaying suppliers, and maintenance costs.
Han Xiao, a lawyer with Beijing Kangda Law Firm, told International
Financial News that if a creditor tries to pursue the bankruptcy of its debtor, they need to go thr
ough legal procedures, including providing proof relating to the claim and insolvency of the company.
On the other hand Han said, if Ofo can show its ability to pay debts, it could withdraw the bankruptcy application.
Zhang Yi, chief analyst at consultancy firm iiMedia Research, told the paper he’s optimistic for Ofo, saying continuing with
warmer weather, the company should attract increasing numbers of users, compared with the cold winter months.
coordinated development plan outline in April 2015, and published the final plan in 2016. And on April 1, 2017, the central authorities an
nounced the plan to develop Xiongan New Area in Hebei province as part of the larger Beijing-Tianjin-Hebei development plan.
Between 2014 and 2017, Beijing shifted or shut down many of its non-capital functions, inc
luding 594 special markets and 1,992 general manufacturing enterprises, with 3,860 of its industrial units being re
located to Hebei. As a result, Beijing’s permanent resident population declined by 22,000 in 2017 and 165,000 in 2018.
Tianjin and Hebei have absorbed many of Beijing’s non-capital functions b
y jointly building a series of platforms, and Xiongan New Area has become the center for m
any of those relocated functions. As such, Xiongan has become one of the “two wings” of Beijing, together with Tongzhou.
The transport connectivity in the Beijing-Tianjin-Hebei region has greatly improved with opening of the expressway from Lai
shui in Hebei to Beijing in 2014, and the extension of the Beijing-Tianjin and Tianjin-Baoding intercity high-speed railw
ays and the Zhangjiakou-Tangshan railway in 2015. Along with these, Beijing’s outer-ring road
China’s birthrate has been on a decline over the past few years, and now the number of people tying the proverbial knot is also heading lower.
Last year, the marriage rate nationwide dipped to 7.2 newly wedded couples per 1,000 people, dropp
ing for the fifth consecutive year, according to the National Bureau of Statistics and the Ministry of Civil Affairs.
The rate stood at 9.9 per 1,000 in 2013, and was 7.7 in 2017.
The declining figures come as the China is grappling with fewer newborns and a mounting number of divorces.
The birthrate was 10.94 per 1,000 on the Chinese mainland last year, down from 12.43 in 2017, the bureau said.
Meanwhile, couples deciding to end their marriages were rising rapidly, reaching 3.2 divorces
per 1,000 people in 2017, said the Social Service Development Statistical Bulletin of 2017. The number was only 2.0 in 2010.
A constant temperature of 27 degrees, a water bowl that never freezes, a comfy mat, and no dogs allowed.
Those are the amenities for felines in a neighborhood in Beijing’s Sh
unyi district, where stray cats can loll around contentedly all winter, nibbling food and sipp
ing water, safe from the weather and provided with love through an artificial intelligence platform. It is purrfection.
Wan Xi, an engineer at Baidu Brain－the open AI platform of Baidu－had the idea of build
ing a smart shelter for strays when he found a kitten huddled on his car tire in the winter of 2017.
Winter is rough for stray animals, as they require extra calories to stay warm. Only around 40 perc
ent of stray cats find enough food and shelter to make it through the harsh temperatures.
Although volunteers offer water, food and even heating pads to stray animals, Beijing’s freezin
g winters can turn a bowl of water into ice before a cat can drink. Many stray cats don’t live more than two ye
ars. Those that are not neutered or spayed face more health problems and spawn more homeless cats.