Themed “Belt and Road, Shared Future,” the sixth session of Vision China, a series of talks h
osted by China Daily, will be held at Beijing Language and Culture University in Beijing on April 27.
The event coincides with the second Belt and Road Forum for International Cooperation to be
held in Beijing on April 25 – 27. With the theme of “Belt and Road Cooperation, Shaping a Brighter Shared Fu
ture,” the second BRF aims to bring about high-quality cooperation under the BRI framework.
At Vision China, four Belt and Road experts, including Zhao Baige, chairwoman of the Advisory Committee of t
he Belt and Road Initiative International Think Tank at the Chinese Academy of Social Sciences, and Ivona Lad
jevac, head of the center for the Belt and Road Initiative at the Institute of International Politics and Economics in Se
rbia, will share their perspectives on the BRI six years after it was proposed by President Xi Jinping in 2013.
s have accelerated since 2015 as the government sees them as drivers for the economy’s transition.
As a result, a number of supportive policies have been issue
d to support maker spaces, incubators and companies to speed up innovation.
Roee says that the Chinese innovation and entrepreneurship market has “mind-blowing speed and scale”, which, despite short-
term fluctuations, has a growth trajectory from a long-term perspective and might grow more than tenfold in the next decade.
“Chinese enterprises have advanced consumer-oriented thinking and strong manuf
acturing capabilities, and China’s speed of getting from an idea to a product is unparalleled,” he says.
Dylan Huang, who oversees WeWork Labs’ Greater China operations, says the demand a
mong Chinese startups for all-round support is strong, and the platform will leverage its global re
ources to facilitate exchanges between Chinese partners and their overseas counterparts.
hen Zeyong, CEO of online visa service tigerwing.cn, said the Jap
anese government issued 7 million visa stickers for Chinese nationals last year.
“If visas become a bar code or QR code emailed to applicants, their w
orkload will be greatly lessened,” he said during the Shanghai World Travel Fair on Thursday.
Japan Tourism Agency data showed that 8.38
million tourists from the Chinese mainland trave
led to Japan in 2018, representing year-on-year growth of 13.9 per
cent and contributing nearly 27 percent of international tourists.
China has been the world‘s largest source of tourists since 2014, reachin
g nearly 150 million last year, according the Ministry of Culture and Tourism.
The Chinese central government has increased financial input for preschool education, from 15 billio
n yuan (2.2 billion US dollars) in 2018 to 16.85 billion yuan in 2019, the Ministry of Education said Thursday.
Some 1 billion yuan will be allocated to expand the building of kindergartens in the country’s 11 provincial-level regions in 2019,
part of an effort to increase preschool education resources, Lyu Yugang, an official with the ministry, said at a press conference.
Meanwhile, local governments have taken effective measures to increase public access to affordable preschool education.
China’s top economic planner approved 50 fixed-asset investment pro
jects worth 370.3 billion yuan (about $55.3 billion) in the first quarter of 2019, official data showed.
These projects are mainly in the energy, transportation and high-tech industries, according to the National Development and Reform Commission (NDRC).
Among them, the Yongqing-Shanghai section of the China-Russia east-route natural gas pi
peline project will play an important role in optimizing energy structure, improving gas supply along the route
and helping the local economy and environment, according to NDRC spokesperson Yuan Da.
The country’s fixed-asset investment rose 6.3 percent year-on-year in Q1, 0.2 percenta
ge points faster than the first two months, according to the National Bureau of Statistics.
Fixed-asset investment includes capital spent on infrastructure, property, machinery and other physical assets.
he bank, said: “Using big data, artificial intelligence and internet technolo
gies, we built a platform based on real transactions to meet the financing needs of private
enterprises, and realized synergies between finance and industries via smart risk management.
“Enterprises need a series of services, including financing, settlement, asset management and sup
ply chain management. Our bank is looking to offer comprehensive financial solutions, not just f
inancing solutions, so as to join hands with companies in building industrial chains and ecosystems.”
Shi Jie, executive vice-president of China Minsheng Banking Corp, said
far-reaching changes have taken place in terms of the market and clients in the past t
wo years. Bankers now have a deeper sense that the financial demands of private enterprises have eased.
“The biggest challenge is whether or not we really know our clien
ts. Only by truly understanding our clients will we be able to provide the right financial solutions that
meet the needs of private enterprises and offer them a superior customer experience,” Shi said.
Chinese business leaders are more confident and prepared in addressing the challenges brought by new technologies than
those in many other countries, said Cindy Hook, CEO of Deloitte Asia-Pacific, a global consultancy firm, on Thursday.
While many business leaders in the rest of the world take a protective approach to using technologies, Ch
ina’s leaders would like to “disrupt their sectors” and facilitate real changes, Hook said on the sidelines of the Boao Forum for Asia.
“Chinese enterprises are looking at the technologies available－whet
her it’s artificial intelligence, big data or the like－to actually come up with whole-new busi
ness models and whole-new approaches to doing things, not just improving the old processes.”
With the readiness for technologies, China is likely to lead on many aspects of the unfol
ding Fourth Industrial Revolution, such as e-commerce, smart cities and the internet of things, Hook said.
The country’s impact on the revolution will be enlarged by its opening-up determina
tion, she added, citing the fresh opening-up measures announced by Premier Li Keqiang at the forum on Thursday.
European diplomatic sources have been clear over the past few months that any kind of extension would be far easier to swallow if the UK made clear its long-term
intentions, rather than putting things off for no reason. To put it mildly, clarity has hitherto not been Britain’s strong point.
Any Brexit delay requires the unanimous approval of the European Council, the EU’s supreme decision-making body that includes the leaders of each member sta
te, meeting in Brussels this week. This is where difficulties begin. Since the start of the whole process, Brexiteers have bold
ly asserted that the unity of the EU27 would eventually crack and the UK could finally get its way.
It didn’t. To date, the EU has stood firmly by the dea
l it reached with the UK — the so-called Withdrawal Agreement — insisting it was locked down and ready for Britain to approve.
But given the UK Parliament’s reluctance to do so, and the consequent prospect of a dela
y to Brexit, something interesting has happened. For the first time in the Brexit process, we are
rter, to geek out on China’s scientific accomplishments and share my passion with a wider audience without feeling too out of place.
However, we must also acknowledge that China still lacks the talent, research capabilities and inve
stment to produce original groundbreaking work in some basic research and core technologies, as n
oted by Wang Zhigang, minister of science and technology, at a work meeting in January.
Wang also said China’s innovation ecosystem needs further reform and bett
er management, as well as higher standards in research ethics and academic integrity.
During the two sessions this year, deputies to the National People’s Con
gress, China’s top legislature, and members of the Chinese People’s Political Co
nsultative Conference National Committee, the country’s top political advis
ory body, will discuss and address various national issues, including those in the scientific domains.
China’s private hospitals, as a beneficial supplement to the country’s public hospitals, sho
uld target market segments and offer high-value service to get market approval, experts said.
“Private hospitals are facing huge growth potential. They should p
osition themselves correctly, serve customers well, and offer good service,” said Zhang Che
ngyu, president of Shanghai United Family Pudong Hospital, a private hospital in Shanghai.
“Before restructuring in 2000, the annual revenue of Beijing Jiangong Hospital was 40 million yuan ($5.90 million), but in
2017, it reached 650 million yuan, a sixteen-fold increase, which demonstrates the effect of re
structuring,” said Cheng Libing, president of CR Medical, the parent company of the hospital.
According to Sun Baishun, deputy director of Beijing Jiangong Ho
spital, in 2017, total visits to the hospital reached 880,000, and there were 8,000 opera
tions performed to treat lung cancer. “Our hospital is a perfect supplement to public hospitals,” Sun said.
In the most important sense, the Hanoi summit failed for a very simple reason: North Korea will not eliminate its nuclear arsenal ov