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Chinese firms ideal partners on Belt and Road Initiative

Firms from China and the UK are ideal partners in many countries along t

he Belt and Road Initiative, a China-Britain Business Council official said in Beijing.

“The UK has taken a very positive view on seizing these opportunit

ies for UK businesses, particularly our banks, our large consultancy firms and our infr

astructure companies,” said Jeff Astle, managing director of China operations at the council.

British expertise in areas of financial services, banking, legal services, consulting services around engineering pro

vides a broad range of opportunities for UK firms to collaborate with Chinese firms in other countries, Astle said.

“We benefit from many English legal jurisdictions in many

of these countries, the English language and our businesses have long history and experiences in these coun

tries. That means we are a great ideal partner for Chinese firms in many of these Belt and Road counties,” said Astle.

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tainers carrying goods for export are seen in Qingdao Port

hina aims to reduce logistics costs by nearly 121 billion yuan ($17.8 billion) this year, the Ministry of Transport anno

unced on Thursday at a news conference of the State Council Information Office.

Spokesman Wu Chungeng said the ministry will unveil a string of m

easures not only to cut costs but to promote innovative development of the industry.

China will continue to increase railway freight volume, upgrade its w

ater transportation system, regulate highway freight transport and speed up mult

imodal transport in a bid to improve its logistics network and optimize its structure, Wu said.

It will also further integrate important ports and harbors into the inland multimodal transport and logistics net

work, which will connect them with more railways and highways and enable improved cargo interoperability, he said.

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Livestreaming to vitalize cross-border e-commerce

Zhang Ying, 32, a white-collar worker in Beijing, is a jewelry lover. She prefers watching lives

treaming videos via some cross-border e-commerce platforms to buy foreign products in her spare time.

“Pictorial representations are not exactly the right way to purchase commodities online, I had som

e problems as the products did not match up to the expectations promised on the onlaine platform advertisements.”

Zhang said daigou (overseas shoppers who buy foreign products for customers on the Chinese mainland) can dem

onstrate details of products like jewelry in accordance with what the buyer wants through the livestreaming method.

“I can take a good look at the design, material, color, size and even every angle of the jewelry. It feels like that I can pick out the

products on my own. After comparing various necklaces and bracelets, I can decide which one fits me the best.”

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New Mueller probe revelations explain Trump’s rage

President Donald Trump looks — and is acting — rattled and encircled by the Russia investigation. And a series of fresh d

isclosures on Tuesday show there is every reason for him to feel threatened by the vast shadow it is casting over his life, business and presidency.

Newly unsealed court documents detailing special counsel Robert Mueller’s activity reveal an investigative field

of breathtaking scope and a prosecutorial machine that ratcheted quickly up in mid-2017.

The search warrants targeting Trump’s ex-personal lawyer Michael Cohen offer a glimpse of the covert world of the probe. As

is often the case with Mueller, they give only a tantalizing hint of the wider, yet still hidden, puzzle.

In court filing, Robert Mueller’s team says it’s very busy this week

But such disclosures are almost never good news for Trump.

There is enough to explain from Tuesday’s reveal why the in

vestigation must be weighing on Trump’s spirits, and driving his angry Twitter outbursts.

The vast breadth of the investigation by various jurisdictions also could offer a rich seam for Democratic House chair

en should they eventually subpoena primary evidence uncovered by Mueller and other prosecutors.

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Four carriers-Swisscom, Australia’s Telstra and Opt

 and Sing-Tel of Singapore-will sell the as yet unnamed 5G Oppo phone first, which is scheduled to be launched in the second quarter of this year.

Shen Yiren, vice-president of Oppo, said the four overseas carriers are rolling out the 5G netwo

rks rapidly, so the company chose to first sell its 5G smartphones in Europe. Its partnership with Swisscom is the fastest.

The move marks the latest step by Oppo to build itself as an innova

tive brand in Europe, trying to lure consumers with cutting-edge products and design.

This is also proof of the company’s determination to conquer more develop

ed markets after its products became available in more than 40 countries and regions.

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cel Hirscher has won eight straight World Cup overall titles but

  On the men’s circuit, Marcel Hirscher is arguably the greatest ski

racer there has ever been, but he hinted in Andorra his stellar career could be nearly over.

  The Austrian great has sealed an unprecedented eighth World Cup season

overall title as well as a sixth giant slalom season crown and fifth in a row.

  But the 29-year-old was unimpressed with his lackluster sixth place in the final

World Cup giant slalom of the season Saturday.

  ”If I ski further I have a lot of work to do,” he told Eurosport in the finish area in Soldeu.

  ”Before I have to have a clear mind and maybe as well I have to make the

right decision for the future what are my plans for the upcoming season.”

  Hirscher, whose wife Laura gave birth to the couple’s first child last year, has won 67 Wo

rld Cup races to sit third on the all-time list behind American Lindsey Vonn (82)

and Sweden’s Ingemar Stenmark (86).

  The Austrian star, who has also wrapped up a third straight slalom crown and sixth in to

tal, admitted at last month’s World Championships in Sweden that it could

be his last appearance at the biennial event.

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Red Notice fugitive turns himself iner real estate transaction of

BEIJING — One more of China’s most wanted graft fugitives has returned to China and turned h

erself in 17 years after fleeing overseas, China’s top anti-graft authority announced Saturday.

Li Jianxiong, a former real estate transaction official at Nan

hai district of Foshan city in Guangdong province, is suspected of graft crime.

The procuratorate in Nanhai district started investigating his cas

e in July 2002, two months after he fled. Li was listed on an Interpol Red Notice in May 2003.

Through work by an office in charge of fugitives and asset recovery under the central anti-

corruption coordination group, he turned himself in Friday.

 China’s workplace safety record has improved, with the number of accidents and fataliti

es both dropping in the first two months, data from the Ministry of Emergency Management showed.

The number of workplace safety accidents fell 6.1 percent yea

r-on-year during the January-February period, while related fatalities went down 16.8 per

cent, Sun Huashan, vice minister of emergency management, said at a press conference on Friday.

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Converting using the average rate in the year is relativ

ely more accurate, said Sun Bushu, deputy director of the South China City Research Association.

However, per capita GDP in Hong Kong in 2018 was HK$381,870, equal to around 322,000 yuan according to the an

nual average exchange rate, and remains above Shenzhen’s 200,000 yuan.

Furthermore, he estimated that Guangzhou would also catch up with Hong Kong soon.

Hong Kong’s Financial Secretary Paul Chan Mo-po said in his budget speech that the local ec

onomy was expanding with a stronger growth momentum during the first half of 2018, but had slo

wed down in the second half due to brewing trade tensions and other unfavorable conditions.

For the fourth quarter, the growth rate was a mere 1.3 percent, making it the slowest pace since the first quarter of 2016.

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wasting US’ wealth. In the near future, Washington may no

 assistance to the World Bank and quit the organization. The World Bank is a multilateral institution which was establ

ished under US leadership, and guided by the US Treasury Department. Its heads have traditionally been

appointed by the US government. The World Bank reflected US global strength and was a key instrument for

Washington’s global governance, and increasing its influence as a soft power. However, currently Washington seems to de

molish the structure it built itself by exiting international organizations that signal globalism.

Based on the experiences of the late 20th century, there are several drawbacks of globalism and globalization.

First, globalization enables strong nations to consolidate their d

ominance and lead the international order. It is an instrument that induces weaker states to ob

ey the will of the stronger ones. Globalism is keen on promoting universal values, taking the moral high gr

ound, blaming countries whose actions do not accord with universal values and even intervening militarily in some natio

ns. What does international intervention bring to global politics? It can be explained by hot button issues in Eurasia.

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pared with the previous years’ red envelop activities, this year

rants in addition to Alipay and WeChat Pay, the top two online transfer and payment tools in China in terms of market share.

Baidu, Sina Weibo and Douyin have joined the league of sending digital red envelops. Ba

idu allocated digital red envelops worth 900 million yuan ($133.5 million) and realized 20.8 billion tran

sactions on its app during the CCTV Spring Festival Gala in the lead-up to the Year of the Pig.

Last year, Alibaba-backed Taobao.com tied up with the CCTV Spring Festival Gala, sending a total of 600 million yuan in digital red envelops and prizes.

“Supporting the huge amount of transactions is China’s mature digital payment standard,” said Wang Pengbo, a finance industry analyst at Analysys.

Wang told the Global Times on Tuesday that as the cost of attracting new online users has ri

sen, internet firms are seizing the opportunity to direct  the flow and promote their products through the New Year gala.

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