Month: March 2019

Considering that the two accidents took place after ne

?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.

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After a two-hour hearing on Wednesday, the top court up

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 Zhongnan University of Economics and Law who attended the hearing.

The final verdict was reached only two months after the original one.

Such a fast pace reflects improved efficiency in handling IP-related lawsuits in Chinese courts, he said.

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The examination was designed to check and hone the general

capabilities in organizing training and commanding their troops. The results will be taken into consideration

when it comes to promotion or commendation, the statement said. It added that the Ground Force wanted to use this exami

nation to strengthen the notion that commanding officers must take the lead in combat readiness training.

Lu Chuangang, assistant to the Ground Force’s chief of staff, said the examination

‘s content included theory, strategy and command skills. Participants were given different tasks in diffe

rent areas, and were told to analyze their respective situations, determine goals, make plans for troop deployment and d

evelop combat schedules, according to Zhou Bingyi, director of the operations bureau of the Ground Force’s staff department.

Zhou said participants had already taken part in tests on firearm usage and physical strength hosted by their own units before the examination.

“The capabilities of these commanding officers determine wheth

er their troops will be well trained,” Zhou said. “We hope such examinations will help impro

ve the competence of commanders and consequently boost the combat capabilities and preparedness of

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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

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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The study shows that nearly 20 large enterprises have spli

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 full and unique set of capabilities that London has.

“What makes London unique is that it has such a deep and broad set of capab

ilities in servicing the insurance, the asset management, and the investment banking industries, and none of t

he European financial centers has the same range of capabilities that currently reside in London,” Donoghue explained.

Nearly half of asset managers, hedge funds, and private equity companies in the re

port have chosen Dublin as the location for their post-Brexit operations, while more banks have chosen Frankfurt as th

eir main EU hub. Many are also expanding their markets business in Paris or adding staff in Amsterdam, Madrid, or Milan.

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hina to further improve business climate focusing on weak links

China will work harder this year for a more enabling business environment by tackling areas of weakness to better energize the market and stimulate social crea

tivity, the State Council’s executive meeting chaired by Premier Li Keqiang decided on March 26.

The Chinese government puts great emphasis on improving the business climate. General Secretary Xi Jinping stressed the need to improve the investm

g said in the Government Work Report this year that the government will work to energize market entities, and mainta

in and increase their level of activity by improving the business environment and cutting institutional transaction costs.

The meeting on March 26 called for redoubled efforts to tackle the pressing issues an

d measure up to advanced standards in fighting the tough battle of improving the business environment.

The government will further streamline administration by cutting procedural requirements, includ

ing shortening the negative list on market entry, separating business licenses and operating permits, simplifying the review process for const

ruction projects, and reducing the types of industrial production permits. The goal is to cut the time required for starting a busines

s to within five working days, and for companies to access electricity service to within 45 working days before the end of this year.

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As a professional writer, Chu has interviewed dozens of peop

?from across the country who moved to Dali. She and her husband, who help organize activities

such as gardening, hiking and cycling for newcomers, have a big circle of friends who have relocated to the city.

“People have different reasons for leaving, ranging from the need to take care of elderly pare

nts who have stayed in their hometowns, to taking their children back to big cities for better education,” she said.

People are also leaving because after two or three years without work, they need to find paid employment.

In recent years, thousands of people have moved to Dali from big cities. The exact number is not kno

wn, but a rough estimate from the local government shows that about 40,000 newcomers are living in the city.

Many people decided to leave their jobs and move to Dali from large cities such as Beijing, Shanghai and Guangzhou, capital of Guangdong pro

vince, due to work pressures and surging property prices, which have been hotly debated nationwide in recent years.

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resident Mu Yi moved to Dali after careful planning a

d visits to the city with his wife.

He said he decided to relocate 2,100 kilometers from the capital due to heavy smog, which ha

d caused him serious discomfort. But more important, he wanted to change his way of life.

The 45-year-old worked for a State-owned company in Beijing before moving. Since 2001, he had

been sent abroad by his company to work in countries such as Sudan, Ecuador, Iran, Syria and Iraq as chief manager for busi

ness development. However, he faced great pressure, both from work and security problems.

Mu said he had several narrow escapes from bomb attacks near his office in Iraq, where he worked for seven years.

When he returned to work at the company’s Beijing headquarters in 2015, he found he could n

ot adapt to life in the city. He had to travel for a total of three hours each day on the subway between home and work.

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Chu, the author, said she and her husband enjoy their new

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, but now is the best time for me and my family.”

Yang, the restaurant owner, said: “I will always be here in Dali. Wh

en you are enjoying the best time of your life, why bother thinking of the future?”

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