World’s widest immersed channel takes shape

The first tube of the world’s widest immersed channel is expected to be put in position of a mega bridge across the Lin

gding Bay at the mouth of the Pearl River in South China soon, according to an assistant chief engineer of the project.

Yang Runlai from CCCC First Harbor Engineering Co Ltd said Thursday that workers are preparing

for the connection of a tunnel end on an island with the first immersed tube, the Science and Technology Daily reported.

Yang’s company took charge of constructing an island and major part of the tunnel of the Shenzhen-Zhongshan Bri

dge, another mega project of bridge, island and tunnel after the Hong Kong-Zhuhai-Macao Bridge (HZMB).

The new project, 38 kilometers from the HZMB, is 24 kilometers long. It has the immer

sed tunnel in the east and the bridge section in the west to ensure the sea routes there.

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Huawei’s rotating head addresses UK security concerns

Huawei’s rotating Chairman Guo Ping addressed UK’s securit

y concerns after the Chinese telecommunications company was criticized in a report on Thursday.

Huawei’s performance in the past 30 years has proven it has the best security record in the industry, Guo said at a press conference in Beijing on Friday.

The results from authorized professional test and evaluation companies in the US, UK and Finland show 9 out of 12 profes

sional capabilities of Huawei’s products have reached the top level and the other three are above average.

Huawei accepted the strictest and toughest tests from UK’s monitoring institution and was th

e first to promise worldwide that the company will make the process and results secure and trustworthy, Gao said.

The company’s board of directors made a decision to invest $2 billion to improve overall sec

urity capability in the next five years with openness, sincerity and trustworthiness, he added.

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streamline certain fees related to ports, highways and airpo

he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.

The ministry also called for small and medium-sized enterprises to forge alliances for common development to consolidate the fragmented logistics sector.

In recent years, China’s logistics industry has been experiencing consistent growth on the back of steady economic progress and a rising domestic market. Accor

ding to the National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, am

ounting to 14.8 percent of last year’s national GDP. The share was slightly up from the previous year.

The logistics sector is of strategic importance in the development of the market econom

y, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It redu

ced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.

China ranked 12th last year in the World Bank’s logistics performan

ce index covering 160 countries and regions. China’s position has moved up 15 places since 2016.

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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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There is “more appetite” among them for western arts ac

oss the period, be they old masters’ paintings, impressionist, or modern and contemporary, he said.

The second trend is that Chinese and Asian markets continue to grow and flourish

despite short-term macroeconomic challenges the world is facing, Belin said.

“We continue to see strong appetite for collecting and strong growth.

We continue to see a very strong demand and we do see (in Asian Art Week here) very stro

ng buying appetite from our clients; a depth of biding that even surprised ourselves,” he said.

The third key trend in Asia is growing number of young collectors, Belin said.

“There are more young billionaires in Asia than we have in Europe and in the U.S., and that’s also reflected in collec

ting, which is very exciting for Christie’s, because we can bring our clients much earlier on the collecting journ

ey with the best art across the world. And we can accompany them for even longer time in their journey.”

The flourishing Chinese culture market represents “fantastic opportunities” for Christie’

s and the auction house always attaches greater importance to the Chinese market, said the senior industry leader.

Being the first international fine art auction house to be gran

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Europe alone is not what makes London the number one cen

ter for foreign exchange, for example. We clear more dollars than New York, and are the largest center for RMB trading outside greate

r China. London is strong and international,” she said. “The long-term fundamentals of London and the UK still remain strong.”

Alex De Ruyter, director of the Centre for Brexit Studies at Birmingham City University, echoed the

view of McGuinness, saying: “Whilst I think Brexit has clearly had a significant impact, it must be remembered that Lon

don is a global financial center and the majority of assets held by the financial services sector are outside of th

e EU, with the US, China, and other emerging economies particularly important markets.

“The 800 billion pounds figure only comprises about 10 percent of the estim

ated total assets of the UK banking sector,” he said. “So, the total volume of business affected has been relatively small.”

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Chen, who worked outside of Guizhou for many years

ow works in the village as a manager of the dendrobium planting base.

“It’s wonderful that our village has an industry now, so I don’t have to leave my hometown anymor

e. Life is much more comfortable than in the past,” said Chen, adding that she now earns a monthly salary

of more than 3,000 yuan ($446). She can also cycle to work in just a few minutes and can take care of her two children and elderly mother-in-law.

“Without competing with agriculture, planting the dendrobium can liberate good fields,” Chen

said. “Without harming the grass or trees, we can achieve harmonious coexistence. High mou

ntains and deep forests do no harm to the plant, but can help restore authentic herbs.”

The period for flower gathering lasts from April to June every year, and the fresh branch picking period is from Novemb

er to March. Residents from the neighboring area can all come to work at the base, and a skilled worker can earn up to 500 yuan a day.

“Last year, the salaries we paid totaled more than 4 million yuan,” said Ruan, adding that the

re are always job vacancies at the base. During the peak picking period, more than 200 workers are needed every day.

As the cultivation features “zero chemical fertilizer, zero chemical pesticides, zero hor

mones, and zero transgenics”, dendrobium produced in Zhegui finds a ready market.

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resident Mu Yi moved to Dali after careful planning a

d visits to the city with his wife.

He said he decided to relocate 2,100 kilometers from the capital due to heavy smog, which ha

d caused him serious discomfort. But more important, he wanted to change his way of life.

The 45-year-old worked for a State-owned company in Beijing before moving. Since 2001, he had

been sent abroad by his company to work in countries such as Sudan, Ecuador, Iran, Syria and Iraq as chief manager for busi

ness development. However, he faced great pressure, both from work and security problems.

Mu said he had several narrow escapes from bomb attacks near his office in Iraq, where he worked for seven years.

When he returned to work at the company’s Beijing headquarters in 2015, he found he could n

ot adapt to life in the city. He had to travel for a total of three hours each day on the subway between home and work.

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The visit is meant to consolidate the stability and strate

gic nature of the China-Italy relations in the long term, and comp

rehensively elevate the level of their mutually beneficial cooperation, Xi said.

China is willing to enhance high-level guidance with the Italian side, respect each other

‘s major concerns, jointly build the Belt and Road, explore cooperation with third parties, boost cu

ltural exchanges and local-level cooperation, and strengthen popular support for bilateral relations, Xi said.

The Chinese president stressed that in recent years, China’s National People’s Congress and the Italian Senate have established a regular exchange mechanism.

China supports the two countries’ legislative bodies to carry out multi-level, wide-ranging and multi-channel exch

anges and cooperation, and share successful experience on major issues such as legislative supe

rvision, state governing, national economy and the people‘s livelihood, on the basis of mutual respect and mutual learning, Xi said.

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The Italian side looks forward to enhancing cooperation wit

 China on jointly building the Belt and Road, She said.

Noting that the history of Italy-China exchanges for the past 50 years has been a history of dialo

gue and friendship, the speaker said the Italian Senate is willing to facilitate exchanges between the two coun

tries’ legislative institutions, and continue to make contributions to deepening Italy-China friendly cooperation.

Xi arrived in Rome Thursday for a state visit to Italy, the first stop of his

three-nation Europe tour, which will also take him to Monaco and France.

Prince Albert II has visited China 10 times. As a member of the International Olympic Commi

ttee, he has been actively supporting the development of Olympics in China. He attended the opening cer

emonies of the 2008 Beijing Summer Olympics and 2014 Nanjing Youth Olympic Games.

Prince Albert II visited China last September. President Xi ex

pressed his appreciation for the long-term commitment of Prince Albert II and Mon

aco’s monarchy to developing bilateral relations, and welcomed him to attend the 2022 Winter Olympic Games in China.

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