The number of unicorns in a given city is often consid

ered a barometer of innovation and entrepreneurship. The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total. Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said. Driven […]

On Monday morning, Xi visited the JL MAG Rare-Earth

 Co and learned about the company’s production of rare earths and the development of the rare earth industry in Ganzhou. On the heels of the United States government announcement it will ban unauthorized exports of US technology to Hua wei, by Monday, a number of major US tech giants, including Google, had reportedly stopped supplies. […]

Wang Peng, deputy head of think tank China Center for

 Information Industry Development, said Huawei’s chip making arm HiSilicon can help Huawei ensure the s ustainability of its business to some extent, and its chip stocks “are expected to provide a buffer of six months to a year”. Huawei said it procured around $70 billion worth of components and services from i ts 13,000 suppliers […]

There are signs that the central government will not cha

ange its resolution to control house prices, Zhang said, adding that in the future the real estate market will continue to crack down on speculation. On May 11, Suzhou tightened housing policies further, China Daily ea rlier reported. The down payment ratio for a family’s first home purchase has been rais ed from 20 percent […]

The image, which showed a ringlike structure with a da

ark central region-the black hole’s shadow-depicted the black hole at the heart of Messier 87, a massive, distant gala xy in the nearby Virgo galaxy cluster. It is 55 million light-years from Earth and has a mass 6.5 billion times that of the sun. It was one example of the role that Tianma has played […]

On behalf of our hundreds of millions of footwear cons

sumers and hundreds of thousands of employees, we ask that you im mediately stop this action to increase their tax burden,” the group said. The group’s reasoning echoes an earlier comment from David French, senior vice-president for government relations at the Nat ional Retail Federation, who said, “Saying that China is paying these tariffs doesn’t […]

The US’ trade deficit stems from its extremely low natio

nal savings rate and has to be compensated by other countries’ national savings, which in tu rn adds to the trade deficit. On the other hand, China’s efficiency in the manufacturing industry makes it a lar ge exporter of manufactured goods to the US and helps it sustain its high savings rate. A high growth […]

n 2018, the handling capacity of the Port of Dunkerqu

 reached 51.6 million tons, with ore and container freight volumes breaking records. Aut horities said that the port’s investment budget for 2019 would reach 48 million euros. Situated at the heart of a triangle between Brussels, London, and P aris, the Port of Dunkerque is the third largest port in France after Port Le Havre […]

The phone call took place days after the US Commerce Dep

artment announced on Wednesday it will add telecommunications eq uipment maker Huawei and its affiliates to the Entity List on Wednesday. Being on the list bars the company from buying US technology without government approval due to security concerns. On the same day, US President Donald Trump signed an executive order that bars US companies […]

nd information technology, had confirmed at the Boao Fo

oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date. “5G, industrial internet and the internet of vehicles are among the country’s top development priorities in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa id on Friday during the […]