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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.
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.”
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.
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.
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.