th Huawei and some features of 5G are very suitable for the rollout of the superfast techn
ology in Europe. For instance, 5G capacity is 20 times that of 4G, and its power consumption 10 times l
ess. “We also use materials that will not corrode for decades, and these characteristics are very suitable for Europe.”
Ren said the US technologies are still worth learning in both their depth and width. Many small US companies have super-precision products.
“But in our business (5G), Huawei is at the forefront, though when
it comes to comparison between countries, we are still far behind the United States,”Ren added.
“We will not go through an extreme shortage of supplies. We have made sound preparati
ons,” Ren said, adding that the company’s employees are working overtime to prepare for such situations.
Degree holders turn their backs on mega cities for better lifestyle choices
The population of college graduates is projected to reach a record high this year, turning an
already tough job market into a pressure cooker and intensifying the scramble for talent nationwide.
To many new graduates, mega cities such as Beijing, Shanghai and Guangzhou, Guangdong province, are less attractive beca
use of their high cost of living and greater peer pressure in the job market. And so the graduates are looking elsewhere.
The trend is changing the employment landscape in China, but it’s good news for sec
ond- and third-tier cities. The mega cities’ loss could be their gain in the brain drain game.
ary as chairman of the China Securities Regulatory Commission, a position he kept for three years before being replaced by Yi Huiman.
The central commission said in the statement that Liu is cooperating with the probe.
hina’s housing regulator has warned four Chinese cities over price rises in the past three months, the Economic Observer reported.
Local governments of Foshan, Suzhou, Dalian and Nanning were urged by the Ministr
y of Housing and Urban-Rural Development to stabilize land and housing prices as well as market expectations.
This came a month after six other cities were also warned over similar reasons on April 19.
China plans to promote the applications of digital technologies in rural areas to boost local development.
As a step towards rural modernization and transformation, digital rural development play
s a crucial role in rural revitalization and building a digital China, according to the guideline jointly issue
d by the general offices of the Communist Party of China Central Committee and the State Council.
The country has vowed to achieve initial development of buildin
g digital villages by 2020, with 4G internet accessible to more than 98 percent of the adm
inistrative villages and the digital economy growing rapidly in rural regions, the guideline said.
With the upgrading of internet technology, 2025 will see a n
otable narrowing of the urban-rural digital gap, the establishment of various ent
repreneurial and innovation centers in rural areas, and an intellectual rural logistics system.
World-renowned architect Ieoh Ming Pei, commonly known as I.M. Pei,
has died at the age of 102 at his home in Manhattan, according to multiple reports on Thursday.
Praised as “one of the most revered architects in the world” by The New York Times, Pei has le
ft the world many of its most well-known architectural designs, among many other intangible heritages.
Pei’s modern designs and high-profile projects led him to be considered one of the most high-prof
ile architects of the 20th century, with the renovation of Paris’ Louvre Museum perhaps the most famo
us project he embarked on. He was also involved in the building of the Rock and Roll Hall of Fame in Cleveland.
What Pei valued most in architecture, as he put it, was that it must “stand th
e test of time”. He also valued simplicity: “The simpler the solution, the more powerful it is,” he once said.
public offering at $17 per share on Nasdaq Stock Exchanges, CNBC reported on Friday.
This price is at the top of its expected range from $15 to $17 in a regulatory filing, indicating the value of the company at about $4.2 billion.
Luckin Coffee raised $150 million in the most recent Series B+ round of financing, lifting the B
eijing-based company’s valuation to about $2.9 billion, the company announced on April 18.
With the aid of new technology, Luckin Coffee provides customers convenient service with innovative business model.
“The old way is people looking for coffee. With us coffee finds the people,” Luckin Coffee’s Co-founder Eric Guo told CNBC.
As a representative of China’s new retail based on mobile app, Luckin Coffee, founded in 2017, has expanded at a rapid pace.
government on Tuesday to consider the costs it would bear through raising tariffs.
He reiterated that China will never capitulate under any external pressure and hopes the US meets China halfway.
The US has no need to “worry about” China’s affairs, Geng said at a daily news conference. The country has made progress i
improving its foreign investment environment and has become a popular investment destination, he sa
id, citing the expansion of US-based Exxon Mobil Corp and Tesla Inc in the market last year.
Geng stressed that China welcomes foreign companies to increase investment in the market and will co
ntinue to establish a more stable, fair, transparent and predictable investment and business environment.
ization, and the issue of occupational diseases, which has been accumu
lating over the decades of extensive growth, is gradually starting to show,” Li said.
A key task of the campaign is to complete a survey of the threat of dust pois
oning, covering industries including mining, metallurgy and building materials by the end
of 2020, and to hold companies accountable for preventing the hazard, a commission document said.
The campaign also aims to have employers who generate large amounts of dust suspend their businesses and over
haul working conditions, and will ask local authorities to shut down those that cannot improve.
The campaign aims for more rigorous inspections of high-dust employers and to punish those who violate laws and regula
tions. It will also urge employers to sign contracts with their employees and join occupational injury insurance.
traded and they can redirect trade toward one country, away
from others. They cannot directly affect any country’s worldwide current account balance. A count
ry that saves less than it invests will have to borrow foreign funds to import foreign goods to make up that difference.
There are two ways to reduce the US trade deficit. A serious recession would reduce investme
nt, but nobody advocates that as a strategy. The only other path is to change the US financial and gove
rnment system to encourage increased savings. China has almost nothing to do with it.
Ironically, the disputes between the US and China center around both nations’ legitimate desires to
protect some current low-skilled jobs, or at least to allow an easier transition to new jobs and industries.
US administration’s economic policy has rightly focused on the need to
retain jobs for working-class people in the US. And, China’s companies that export to the U
discussion among Chinese women－and not just at the office. Such discussions can be heard