Comments Off on China’s foreign direct investment up 6.5% in Q1
China’s foreign direct investment (FDI) totaled 242.28 billion yuan in the first quarter of t
his year, up 6.5 percent year-on-year, the Ministry of Commerce said Thursday.
FDI in China from non-financial sectors reached $35.8 billio
n in the first three months, up 3.7 percent year-on-year.
Investment from South Korea, the United States and Germany in China m
eanwhile increased 79.6 percent, 71.3 percent and 86.1 percent year-on-year, respectively.
Foreign capital flowing to the country’s high-tech manufacturing s
ector surged 14.8 percent year-on-year to 25.97 billion yuan during the same period.
March’s FDI amounted to 95.17 billion yuan, up eight percent year-on-year.
Comments Off on Kim Jong-un supervises test of new tactical guided weapon
Kim Jong-un, top leader of the Democratic People’s Republic of Korea (DPRK) supervised the
test-fire of a new tactical guided weapon, state media Korean Central News Agency (KCNA) reported on Thursday.
Kim “supervised and guided a test-fire of a new-type tactical guided weapon cond
ucted by the Academy of Defense Science on Wednesday,” the KCNA reported.
The design indexes of the weapon, with advantages of “the p
eculiar mode of guiding flight and the load of a powerful warhead,” were “perfectly verified at the test-fire con
ducted in various modes of firing at different targets,” the report said, giving no details of the weapon.
“Tactical” implies a short distance weapon instead of a long-range ballistic missile in military battles.
According to the report, Kim described the development as “an event of v
ery weighty significance in increasing the combat power of the People’s Army,” sayi
ng that the scientists and workers have done a great work in increasing the country’s capabilities of
Comments Off on A large number of Chinese cultural heritage sites are b
eing restored as well. We have no room for even the slightest error,” Song said.
Liu Qingzhu, a cultural heritage expert at the Chinese Academy of Social Sciences, said, “In anci
ent times, thunderstorms were the biggest threats for wooden architecture. They became much safer after l
ighting rods were widely installed. However, the use of electricity in restorations has created a new problem.”
Unlike the stone structures of much ancient architecture in the W
est, wood was the primary building material in ancient China. “If a fire similar to the one at Notre
Dame in Paris happened at a Chinese building, the whole building would probably burn down,” Liu said.
Hours after the fire in Paris, the Palace Museum in
Beijing, China’s former imperial palace from 1420 to 1911 and also known as the Forbidden City, held an eme
rgency meeting to go over its fire-prevention efforts. It is the world’s biggest architectural complex made of wood.
Comments Off on The lawsuit accused Liu and JD on six counts of false im
prisonment, civil assault and battery, as well as sexual assault or batter
y, seeking damages in excess of $50,000, according to a report from Reuters.
The court filing said JD is “vicariously liable” for Liu’s behavior as his alleged actions happened while
he was “seemingly” at work-related activities, and the assault and battery began in the presence of two other JD employees.
“We have not yet reviewed the complaint and are not going to comment on pending litigation, but based on the Hennepin County A
ttorney’s declination to charge a case against our client and our belief in his innocence, we feel strongly that this suit
is without merit and will vigorously defend against it,” Liu’s attorney Jill Brisbois said in a written statement.
Peter Walsh, an attorney for JD, said in a statement while it was not prepared to com
ment at this time, the company would vigorously fight against these “meritless claims”.
Comments Off on Amazon to end local 3rd-party sales in Chinaon offices in Ne
US-based tech giant Amazon.com Inc plans to shut down its third-party seller services on its Chinese online marketplace
in July, as it shifts its focus to offering Chinese mainland consumers overseas products rather than goods from local sellers.
Starting July 18, customers logging in to Amazon’s Chinese web portal will only see a selec
tion of goods from its global store, rather than products from local third-party sellers.
Amazon said it will keep running its other businesses in China, inclu
ding the cross-border shopping business Amazon Global Store; Global Selling, which helps Chin
ese merchants sell products abroad; its cloud service platform Amazon Web Services; and Kindle e-book devices and content.
“Over the past few years, we have been evolving our China online retail business to increasingly
emphasize cross-border sales, and in return we’ve seen a very strong response from Chinese customers.
Comments Off on Chinese people are deeply sad about the fire, just as th
He said he believes that with the efforts of the French people and supp
ort from the international community, Notre Dame will be repaired and regain its glory.
The fire broke out around 6:30 pm on the roof of the cathedral, which was covered in scaffoldi
ng. The blaze spread quickly and destroyed the wooden interior before causing the spire to collapse.
It took more than 400 firefighters over 12 ho
urs to put out the fire, and the main structure and two bell towers remained standing.
The cause of the fire is still unknown, though officials said it could be linked to renovation work. Investigators were eag
er to question the workmen in an effort to determine the cause of the fire, according to media reports.
Visiting the scene of the fire in Paris, Macron vowed an immediat
e fundraising effort to rebuild the landmark, calling for international contributions.
Comments Off on Its partial loss is a terrible blow to a proud country
and to the world more widely,” said Macfarlane, the King’s College historian.
A woman identified only as Marie, who has lived in Paris for 20 years, said: “This is a monument b
uilding that belongs to the story of Paris, to the story of France. … Notre Dame is our story, our culture, our spirit.”
An experiment conducted by Chinese and US scientists on improving monkeys’ cognitive function has been
found to follow international animal rights standards, according to the Chinese research institute.
The study implanted 11 rhesus macaque monkeys with copies of the human MCP
H1 gene, which scientists believe is crucial for humans’ brain development and evolution.
The project is led by researchers from the Kunming Institute of Zoology of the Chinese Acade
my of Sciences, who are working with researchers from the University of North Carolina.
Comments Off on Customs makes its biggest tusk bustuangpu Customs Distri
China’s customs officers have seized 2,748 ivory tusks weighing a combined 7.48 metric tons after cracking a major smuggling case.
It was the biggest haul of tusks ever recorded in an anti-smuggling bust conducted in
dependently by customs officers, the General Administration of Customs said on Monday.
The case was solved in March after a combined operation of differ
ent customs offices lasting three months. A total of 238 custo
ms officers took part from cities around the country, including Hefei, Nanjing, Beijing, Fuzhou and Qingdao.
Twenty suspects were detained for further investigation, accor
ding to Sun Zhijie, director of the administration’s anti-smuggling bureau.
Sun said the tusks, illegally shipped from African countries, were imported into China labeled as wood.
Comments Off on “Essentially, it depends on the growth of money sup
pply (M2),” said Sheng Songcheng, a central bank adviser and a former director of the central bank’s statistics department.
The central bank released M2 data on Friday, which recorded a 13-month high of 8.6 percent by the end of March, accelerating from 8 percent by February.
Aggregate social financing, a gauge to measure broader financial activities including trust funds and local govern
ment bonds, also grew faster than market expectations. That total financing amount grew to 2.86 trillion yuan in Mar
ch, or a 11.1 percent growth from a year earlier, compared with 10.6 percent in February, said the central bank.
“According to the latest economic data, there is less necessity for RR
R cuts, but it requires further observation on future changes,” said Sheng.
If the central bank further cuts the RRR, when economic growth is already stabilized, inflation wi
ll surge, and possibly lead to funds flowing into the property sector instead of supporting the real economy, he added.
Comments Off on AI major now available at universitiesigence-powered
Universities in China will welcome the first group o
f undergraduate students majoring in artificial intelligence in September.
According to a list issued by the Ministry of Education, 35 universities received approval to establish th
e four-year undergraduate AI-related majors amid the country’s drive to build a strong AI talent pool.
They include many prestigious universities such as Beijing Jiao
tong University, Beihang University, Nanjing University and Xi’an Jiaotong University.
Lin Youfang, vice-dean of the School of Computer and Information Technology at Beijing Jiaotong University, said the scho
ol plans to enroll about 30 undergraduate students majoring in AI in September.
There might be more students majoring in AI who transfer from other m
ajors through a selection process if the new major proves to be successful, he said.