By becoming the first G7 member to join the Belt

Road Initiative, Italy has set an example for other European countries on how to strengthen cooperation with China in the future.As for C

hina and France, the two countries inked agreements on deepening joint development, part

icularly through industrial cooperation. The two sides also signed billions of dollars worth of contracts.Now tha

t French President Emmanuel Macron, a firm supporter of European integration, has taken measures to im

prove China-France cooperation, the healthy and fruitful progress of Sino-French ties can in turn promote better C

hina-EU relations. Macron has always emphasized France’s position in the European integration project and China sup

ports his efforts.By reaching agreements on cooperation, Xi and Macron have paved the way for not only deep

er Sino-French cooperation but also overall Sino-EU cooperation, which was highlighted during Xi’s meeting with Germ

an Chancellor Angela Merkel and European Commission President Jean-Claude Juncker.

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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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Chinese telescope collects more than 11 mln spectra

China has released 11.25 million spectra of celestial objects acquired by the Large Sky Area Multi-Object Fiber Spectroscopic Telescope (LAMOST) to astrono

mers worldwide, according to the National Astronomical Observatories of China (NAOC) of the Chinese Academy of Sciences Friday.

As the world’s largest spectral survey telescope, LAMOST mark

s the world’s first spectral survey project to obtain more than 10 million spectra.

Spectra are key for astronomers to read celestial bodies’ chemical compositions, densities, atmospheres and magnetism.

Among the released spectra, there are 9.37 million high-quality spec

tra, which is twice the total number of other astronomic surveys internationally. Th

ere are also 6.36 million stellar spectra, creating the largest stellar parameter catalog in the world.

Finished in 2008, LAMOST began regular surveys in 2012. The telescope is located in NAOC’s Xinglong Observatory, in north China’s Hebei Province.

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We have sent farming experts to hybrid rice growing are

s overseas, and we give local farmers guidance, training and planning for future develop

ment,” said Xie, who has worked as an expert in Vietnam, Myanmar, Cambodia and Gambia.

Under the Boao Forum framework, Hainan has created a series of subforums, such as the

ASEAN-China Governors/Mayors Dialogue, the 21st Century Maritime Silk Road Island Economy subforum, the South China Sea su

bforum, the Roundtable Discussion for Overseas Chinese Business Leaders and Chinese think tanks, Wang said. “These diplo

matic platforms serve as new bridges to promote practical industrial cooperation between BRI countries.”

Activities at the Boao forum this year will highlight land and sea interconnectivity betwee

n BRI countries. Invitations will be sent to overseas participants to share in building a pilot free trade zone in Hainan.

Hong Kong youth groups will be invited to Hainan to see space satellite launch facilities, deep-sea science and techn

ology, seed breeding and other fields. Invitations will be extended to young people from ASEAN countries, Lanc

ang-Mekong river nations and BRI countries to promote people-to-people understanding, Wang said.

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Top court’s new IP tribunal upholds French firm’s patent

The top court on Wednesday ruled in favor of a French global automotive supplier in a patent dispute

with two Chinese car accessory companies amid the country’s intensified efforts to protect intellectual property rights.

It was also the first public hearing by the Intellectual Property Court of the Supreme People’s Court since the special court was set up on Jan 1.

Valeo Systemes d’Essuyage, one of the world’s leading auto component providers, sued X

iamen Lukasi Car Accessories Co and Xiamen Fuke Wiper Co, two companies based in Fujian pro

vince, claiming infringement of Valeo’s patent on a connector for windshield wipers.

An IP court in Shanghai reached a verdict on Jan 22 finding that the two Chinese companies must cease their infring

ement. The two companies appealed to the top court, insisting that their products did not infringe on Valeo’s patent rights.

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For example, banks tend to gravitate to Frankfurt beca

 it is already a banking center in the European context, plus a clearinghouse. Also, Frankfurt has the Euro

pean central bank, which is now the regulator for all banks in Europe. So, the banks want to be closer to the major regulator,” Donoghue said.

As for asset management, insurance, and funds companies, Donoghue said, they are relocat

ing to Dublin because the city has a very broad and diversified set of capabilities in running funds and managing assets.

Andrew Pilgrim, associate partner at consultancy Ernst & Young, which is known as EY, sai

d it is probably not in the EU’s best interests to have financial services concentrated in one location.

“From policy and political perspectives, there is an argument to say that actually having a balanced financial sector across many EU jurisdi

ctions means that you have less risk concentrated in one jurisdiction,” Pilgrim said. “And it also means that you get a more balanced regu

latory and supervisory environment across all the EU member states, as opposed to all of that being focused on one.”

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Former vice-minister of public security expelled from Party

Taking a step requires just one second for a typical person. But not for Gao Ziren, whose paral

yzed left leg requires him to first move a crutch forward before his leg, and then balance himself.

For 42 years, Gao, a teacher at Lixin village primary school in a mountainous area of East China’s Jiangxi province, has walked th

is way between his home, the school and his students’ homes. Over the course of his career, he has worn out more than 60 crutches.

Gao, 60, was born in a mountainous area of Meiling township, Wanli district of Nancha

ng. After coming down with polio at the age of 1, his left leg suffered muscular atrophy, which left him unable to walk normally.

He did not give up, relying instead on his mental strength to finish his studies from primary school through high school.

He started his career in 1977 when a village official visited him about being a teacher in the village, as one of the two teachers the

re had left. Gao agreed to take the position, as he knew the importance of a teacher to students, especially those like him.

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I often demonstrate a range of products from clothing

cosmetics to luxury bags during the livestreaming. I would show 20 to 30 pieces of clothing to my consumers each time,” Zhang said.

“Livestreaming has helped increase daily visits to my store and significantly grew sales.”

According to a report released by China Tech Insights, a research unit affiliated with Tencent’s Online Media Group, it is more th

an likely that livestreaming will become a standard feature of all e-commerce platforms in China in the near future.

Since the establishment of diplomatic relations between China and Italy in 1970, bilateral relations have developed rapidly bearing fruitful results in various fiel

ds. Italy is one of the largest economies in the European Union and an important partner of China in Europe, and

the two countries have deepened pragmatic cooperation since establishing a comprehensive strategic partnership in 2004.

President Xi Jinping’s state visit to Italy has further deepened the Sino-Italian political a

nd economic relationship with the two countries signing a memorandum of understanding on Saturday to joi

ntly promote the Belt and Road Initiative. Which is a milestone for not only Sino-Italian partnership but also international free trade.

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To attract more foreign investment to China, the country’s

 top legislature recently passed the Foreign Investment Law, which says China will gradually shorten the negative list fo

r foreign investors to increase inbound foreign investment. This, together with Italy’s policy to welcome Chin

ese investment, is expected to help the two countries take more measures to boost investment cooperation.

Sino-Italian friendly exchanges have a long tradition, and the prospects for deeper bilateral cooperation are bright. This ye

ar marks the 15th anniversary of the establishment of the Sino-Italian comprehensive strategic partnership, and in 2

020 the two countries will celebrate the 50th anniversary of the establishment of their diplomatic relations.

Therefore, the two sides should synergize their development strategies and tap the potential for further bilateral cooperation. They should also strengthen bilate

al macroeconomic policy coordination under the frameworks of G20, World Bank, Asian Development Ban

k, Asian Infrastructure Investment Bank and other multilateral mechanisms, and help maintain the rule-based multi

lateral trading system and jointly promote global governance reform apart from deepening Sino-Italian and Sino-EU relations.

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According to Chu, most of those moving to Dali are mid

dle-income earners with higher-education backgrounds. “They are not billionaires, bu

t they can afford to buy a house and live a decent life, even without a job, for three or five years,” Chu said.

“Most important, they came to Dali with the idea of living a slow, simple, idyllic lifestyle that is differen

t to that in the big cities. Some say their dreams have already come true, but others feel they made the wrong decision.”

With an increasing number of newcomers arriving, Dali’s tourism and real estate markets have prospered since 2015. According to the local government, 24 p

ercent of property in the city was bought by new arrivals in 2015. Two years later, the number had risen to 60 percent.

Housing prices have surged from 6,392 yuan ($952 at the current rate) per square meter in December 2015 to 11,788 yuan per sq m in the same month last year.

A source at Yunnan Shili Real Estate Development Group, who requested anonymity, sai

d more than 80 percent of the commercial property on its books in Dali had been bought by nonlocals.

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