But China should realize that some EU countries have

 become increasingly cautious about deepening cooperation with China because of its rapid developm

ent; in fact, a few EU countries have decided to implement tougher measures for foreign trade. The European Commission even put

forward a 10-point policy package on China on March 11, which the European Council discussed on March 21.

But the fact that the Commission sees China as a “cooperation partner”, “negotiating partner”, “eco

nomic competitor” as well as a “systemic rival” means it wants to build on the partnership of strategic cooperation with China.

The EU’s attempt to coordinate the concerns of its different members and its efforts to continue dialogue with China reflect coope

ration are not a subjective choice of one single EU country but an objective choice for the mutual interest of all the parties involved.

China has addressed many of the EU’s concerns to strengthen coop

eration, including further opening-up. And it should keep taking measures to strengt

hen cooperation and communication to settle the disputes with EU countries and meet the emerging challenges.

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China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

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The improvement is attributed to the establishment of a nati

national-level IP court under the Supreme People’s Court on Jan 1, which has strea

mlined the appeals process and helps prevent inconsistency in legal

applications, Ma said.

With such a national-level IP court,

litigants who disagree with the verdicts of local cou

rts at the city level or local IP courts can appeal directly to the top court instead

of appealing to provincial-level courts.

Under previous procedures, the two Chinese companies could not have appealed

to the top court directly but would have had to go to the Shanghai High People’s

Court after the first verdict.

Guan Yuying, an IP researcher at the Chinese Academy of Social Sciences, said

a streamlined litigation process and more p

rofessional judges for IP-related lawsuits will help ensure the judicial quality of

such complicated patent cases.

Wednesday’s trial was heard by a five-judge panel led by Luo Dongchuan, vice-

president of the top court and the chief judge of its IP court.

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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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Cities emerging into new post-Brexit financial centers

The United Kingdom’s decision to leave the European Union has led major

financial companies in London to move assets and staff to continental Europe, mea

ning the post-Brexit landscape is likely to be far more “polycentric” than it is today

and far less centered on one location.

According to a recent report by think tank The New Financial, more than 40 companies have shifted staff or oper

ations to more than one financial center within the EU, with 100 choosing the

Irish capital as a post-Brexit location, whi

ch was the most popular choice ahead of Luxembourg, with 60, Paris with 41, Frankfurt with 40, and Amsterdam with 32.

William Wright, principal author of the

New Financial Brexitometer report, said: “One of the most strikin

g findings of our analysis is the extent to which Europe will become a much more

‘multipolar’ world as a result of Brexit.”

Companies are migrating to, or expanding in, multiple financial centers, with man

y either establishing a dedicated division for EU business or spreading their staff

more evenly throughout the EU.

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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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China and Italy complement each other in terms of resou

 resource endowment, with trade cooperation being the cornerstone of their relationship. Belt and Road projects have already helped expand the shipping trade

in the Mediterranean region, creating unprecedented development opportunities for Italy’s major ports.

And now that Beijing and Rome have signed a MoU on the Belt and Road Initiative, the two sides can establish better con

nectivity in order to promote globalization and free trade. The MoU also suggests that even developed coun

tries have started to accept the BRI as a connectivity and economic development initiative.

The MoU could also be an antidote to the rising wave of unilateralism

and trade protectionism in some regions, as more developed economies could now join the BRI.

China is now one of the largest cooperative partners of Italy i

n terms of imports and exports. As of November 2018, the bilateral trade volume had reac

hed $48.25 billion, more than the total for the whole of 2017, making Italy China’s ninth-largest export des

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largest source of imports. Given that Italy enjoys many tec

hnology and brand advantages, it has become one of the main destinations for Chinese ente

rprises’ overseas investment in recent years, with the scale of investment gradually increasing.

The establishment of the China-Italy Government Committee and dialogue mechanisms such as regul

ar meetings between the Chinese premier and Italian prime minister has provided a solid institutional foundation for cooperation bet

ween the two countries. And frequent high-level interactions between the two sides have deepened their economic ties.

But there is still enough room to expand Sino-Italian economic relations. In terms of trade, th

e industrial structures of China and Italy are highly complementary, and the huge potential for

bilateral cooperation in manufacturing, agriculture and innovation has not been fully tapped.

China has a vast market and is the world’s second-largest impor

ter of goods and services, and has vowed to further increase its imports. At the first China Inter

national Import Expo in Shanghai in November, President Xi said China’s imports of goods and service

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Dream lifestyles in Dali end in disappointment

“If you are not satisfied with your life and don’t know why you have lost your smile; if you are unhappy and don’t like being where you are, go west – with Dali your destination.”

These lyrics form part of a song in the Chinese blockbuster movie Breakup Buddies, wh

ich was shot mostly in Dali, an attractive city in Yunnan province, and released in 2014.

The film inspired many middle-income earners tired of the hustle and bustle of urban life to quit their jobs in big cities and move to Dali.

However, unlike in Breakup Buddies, many people’s dreams of finding a

better life in Dali – which has provided the perfect backdrop for romantic trysts in hun

dreds of movies – have not had happy endings, and they are beginning to leave for a variety of reasons.

Chu Xiaogui, an author of popular books who moved to Dali from Beijing with her husba

nd in December 2015, said she had since witnessed many friends leaving and returning to their hometowns.

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Her business enabled her to live her dream; every mornin

 she opened the windows, breathed clean air, and the surroundings were often bathed in su

nshine, with beautiful flowers dotting the lake as waterfowl paddled on the surface.

However, in 2017, the local government ordered all 2,400-plus hotels, guesthouses and

restaurants around the lake to close until they had been checked and the authorities confirmed they had all the permits required.

With the tourism industry expanding rapidly in Dali, wastewater and garbage were often found being disposed of directly into

the lake due to insufficient or dilapidated facilities on the shore, creating one of the lake’s major sources of pollution.

Since October, a widespread environmental campaign has escalated and more t

han 1,800 lakeside properties within the protection zone – including 540 guesthouses – have been demolished.

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