Monthly Archive March 2019

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hina aims to reduce cost of logisticsna aims to reduce

?logistics costs by nearly 121 billion yuan ($17.8 billion) this year, the Ministry of Transport an

nounced on Thursday at a news conference of the State Council Information Office.

Spokesman Wu Chungeng said the ministry will unveil a st

ring of measures not only to cut costs but to promote innovative development of the industry.

China will continue to increase railway freight volume, upgrade its

water transportation system, regulate highway freight transport and speed up mul

timodal transport in a bid to improve its logistics network and optimize its structure, Wu said.

It will also further integrate important ports and harbors into the inland multimodal transport and logistics netw

ork, which will connect them with more railways and highways and enable improved cargo interoperability, he said.

The country will also expand the use of pilot programs to deepe

n reform of the administrative law enforcement system in the logistics industry to improve i

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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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largest source of imports. Given that Italy enjoys many tec

hnology and brand advantages, it has become one of the main destinations for Chinese ente

rprises’ overseas investment in recent years, with the scale of investment gradually increasing.

The establishment of the China-Italy Government Committee and dialogue mechanisms such as regul

ar meetings between the Chinese premier and Italian prime minister has provided a solid institutional foundation for cooperation bet

ween the two countries. And frequent high-level interactions between the two sides have deepened their economic ties.

But there is still enough room to expand Sino-Italian economic relations. In terms of trade, th

e industrial structures of China and Italy are highly complementary, and the huge potential for

bilateral cooperation in manufacturing, agriculture and innovation has not been fully tapped.

China has a vast market and is the world’s second-largest impor

ter of goods and services, and has vowed to further increase its imports. At the first China Inter

national Import Expo in Shanghai in November, President Xi said China’s imports of goods and service

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to exceed $30 trillion and $10 trillion, respectively, in the n

next 15 years. Which means China will continue to expand its domestic market. And since Italy has indicated its intention to deepen economic and trade coopera

tion with China under the BRI framework, it is likely that economic and trade cooperation will expand in the future.

With better connectivity for economic cooperation among an increasing number of countries, there is a possibility that the world e

conomy will pick up steam, which in turn will help fight the rising wave of unilateralism and protectionism.

Discussions and consultations are under way between Beijing and Rome to extend the Chongqin

g-Europe train line to Italy. In the near future, the regular China-Europe railway network is expected to inject new

vitality into China-Italy economic and trade ties. To ensure that Italy plays a leading role in China-EU co

operation under the BRI framework, the Italian government has set up a special “task force”.

Considering that China and Italy can work together to tap third-party markets under the BR

I framework, the initiative is expected to become a new growth engine for Sino-Italian cooperation.

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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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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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In addition, sales and marketing efforts of hair transplant sp

t specialists have deepened concerns of consumers troubled by hair loss. From 2016 to 20

17, firms specializing in hair transplants saw an average annual sales growth of over 100 percent.

Beijing-based Yonghe Hair Transplant has 33 outlets nationwide. Its advertisem

ents mark broadcasts of popular TV series in China, and adorn walls of several subway stations.

“With the development of hair transplant and hair care technologies, and amid growing anxiety of consumers suffering ha

ir loss, strategic marketing is helping hair transplant agencies to post continuous growth,” Wang said.

Stress-inducing lifestyles are creating demand for other kinds of products as well. A large n

umber of young Chinese consumers reportedly suffer from insomnia. About 75 percent of those born aft

er 1990 have a habit of staying up late. Inadequate sleep makes them use medicine like sleeping pills, like in the United States.

There, the incidence rate of insomnia is around 32 percent to 50 per

cent, and the sleeping economy has created businesses worth tens of billions of dollars.

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More air links can be expected as the two sides agreed

to facilitate airlines from each other to do business and ease the market access for them, according to the communique.

During his state visit to Italy from March 21 to 24, Xi held talks with Italian President Sergio Mattar

ella and Italian Prime Minister Giuseppe Conte on bilateral ties, as well as regional and international issues of common interest.

The communique said the two sides have agreed to advance China-Italy comprehe

nsive strategic partnership in the spirit of mutual respect and mutual benefit for win-win outcomes.

Actions will be taken to fully implement the important consensus reached by the leaders of the two countries, it added.

The two sides reiterated their commitment to promote multilat

eralism and maintain the international system with the United Nations at its core. They agre

ed to oppose protectionism of any form, promote trade and investment liberalization and facilitation, maintain the

World Trade Organization (WTO)’s central role and jointly push for necessary reforms to the WTO.

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The two sides agreed to work with each other on coopera

ation in fields such as environment and sustainable energy, agriculture, sustainable urbani

zation, health, aviation, space technology, infrastructure and transportation, according to the communique.

The two sides also expres

Visiting President Xi Jinping met with Italian Senate Speaker Maria Elisabetta Alberti

Casellati here Friday on expanding exchanges and cooperation between the two countries’ legislative institutions.

China and Italy have enjoyed a traditional friendship, with the ancient Silk Road closely linking the two peoples, Xi said.

Since they established diplomatic relations nearly 50 years ago, the China-Italy ties have seen heal

thy and stable development, and the two countries have become important partners who trust each other and work together, Xi said.

sed willingness to strengthen cultural cooperation that includes heritage protection and figh

t against relic trafficking, education cooperation that highlights language studies, judicial coope

ration that involves extradition and anti-graft experience sharing, and law enforcement cooperation.

During Xi’s visit, the two sides signed 19 intergovernmental bilateral cooperation documents, the communique said.

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