Eight-story building standing in middle of road demolished

eijing-Shanghai High-Speed Railway Co Ltd, a subsidiary of China Railway, has kicked off its plan to go public in the A-share market. China Securities Regulatory Commission listed the guidance form for public listing of Beijin g-Shanghai High-Speed Railway on Tuesday on its website, signaling the company has formally entered the listing process. According to an interview with CCTV, the spokesperson from China Railway said going p ublic was a significant step in the State-owned enterprise’s shareholding reform. “It was also an action to push forward the mixed ownership econo my and optimize the railway enterprises’ capital structure,” the spokesperson said. …

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Austrian companies embrace China’s winter sports sector

More Austrian companies are getting involved in China’s rapidly growing winter spo rts market, said Martin Glatz, commercial counselor at the Austrian embassy in Beijing. “Austria has been trying to be very present in China in the lead up to the Winter Olympics in 2022,” said Glatz at the Austrian Winter Sports Days 2019 Conference in Zhangjiakou, Hebei province on Friday. “Ten years ago when we organized for the first time the Advantage Aus tria Ski Race, not many people took alpine skiing very seriously. But now skiing has entered the ma instream in China,” said Glatz, who is also …

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China aims to build world-class metropolitan areas by 2035

China aims to build several metropolitan areas with global influence by 2035, according to the country’s top economic planner. Notable progress should be made by 2022 with improvement in infrastructure in tegration, freer markets, more coordinated industries and more livable envi ronments, according to the guidelines released by the National Development and Reform Commission (NDRC). Metropolitan areas are regions in city clusters which circle around a big city and are within an hour commute. China plans to build 19 city clusters by 2020. Support will be given to develop sectors like industrial design, cultural and creativ e products, and financial …

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Such services provided by Hong Kong and Macao arbitrato

y Hong Kong and Macao arbitrators will increase our confidence in business investmen t in the area,” according to a senior human resources manager surnamed Zheng with Luk Fook Holdings. The Hong Kong-based jewelry company invested in a factory in Nansha 15 years ago. “Because of the differences in legal and company structures between Hong K ong and the mainland, a growing number of Hong Kong-and Macao-invested co mpanies in Nansha have been experiencing turbulence in labor management,” Zheng said. Companies from Hong Kong and Macao have increased their investment in Nansha in recent years, with the number of bu …

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One key attraction for many academics is the chance to

fulfill their ambition in scientific research. And with China becoming a key driving force in so ma ny key technology sectors, such as big data and AI, life sciences, clean energy and quantum co mputing, faculty members can quickly find themselves operating in a cutting-edge research environment, supported by a larger budget and more-skilled support team than might be possible elsewhere. This trend reflects steps by the Chinese government to make working in the country more attr active to overseas academics, including the Thousand Talent Plan, which was initiated in 2008 an d has already attracted more than 7,000 overseas …

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It would be wrong to leave the impression that the Ba

  Hof Hotel resounded to bays for Trump’s departure. It wasn’t about him, but his specter hung over it.   Brad Smith, president and chief legal officer of Microsoft and Robert O. Work, deputy secret ary of defense under President Obama, gave an electrifying insight to Artificial Intelligence.   ”AI is everything,” Smith warned, a game changer like electricity. He described the present as a “Sputnik moment.”   The former Defense Department official said the “this is the hardest tech challenge the US has ever faced.”   Both Smith and Work painted a picture of China chasing, catching and passing the US in this key …

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On Thursday, the pontiff opened the summit by urging he b

  nd other church leaders to commit to taking concrete actions.   ”The holy people of God are looking at us and expect from us not simple condemnat ions,” Francis said, “but concrete and effective measures to put in place. We need to be concrete.”   The Pope then said he had made a list of 21 “reflection points” that were handed out to the assembly of church leaders, wh ich included preparing a “practical handbook” of guidelines for handling abuse cases when accusations emerge.   Also included are instructions to inform civil authorities and church officials whenever an accusation is made, esta blishing …

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Maduro sees the opposition-led plan as a trap, and has

  rejected the humanitarian aid it would bring in. Accepting foreign supplies during the curren t political crisis would be tantamount to accepting foreign political intervention, from Maduro’s point of view.   When the US sent a shipment of medical and food supplies to the Venezuelan border last we ek, Maduro’s regime installed a blockade on one of the bridges that connect Venezuela and Colombia.   Just a week ago on state television, Maduro dismissed Guaido’s init iative, saying “Venezuelans are not beggars.” But patriotism did not prevent Maduro fro m accepting $9 million from the UN in November 2018.It’s hard to see …

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The three higher-end models reverse Samsung’s unpopul

  decision to put the fingerprint scanner on the back of the device. Now built into the disp lay itself, the “ultrasonic fingerprint reader” compliments its Face Unlock feature but prom ises more security. It doesn’t just take pictures of your fingerprint; the company says it uses machine-learning-bas ed algorithm to read 3D fingerprints through ultrasonic sound waves.(Fingerprint data is stored only on the dev ice itself, according to Samsung). The S10e features a capacitive fingerprint sensor on the side of the phone instead.   Not surprisingly, Samsung is upping its camera game. The winner for the most cameras goes to the …

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Swiss banking giant UBS fined more than $5 billion in fraud case

  UBS faces a massive financial penalty in France after a court there ruled that the Swiss bank helped its wealthy clients avoid taxes.   The court delivered its verdict in Paris on Wednesday, ordering the bank to pay €4.5 billion ($5.1 billion) and finding it guilty of money laundering and illegal client solicitations.   The fines include €800 million ($907 million) in civil damages payable to the French state.   Shares in UBS (UBS) dropped sharply after the verdict was announced, trading down 4.2% in Switzerland. The fines are roughly equal to the bank’s net profits for 2018.   Switzerland’s largest bank said that …

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