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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China becomes second-largest source of ‘unicorn com

China has become the world’s second-largest source of “unicorn companies” accordi

ng to the latest report on China unicorn companies by the Evergrande Research Institute.

With 88 in total, China is the world’s second-largest source of unicorn compani

es following the US with 151. The report cited data from IC Insight gathered between 2013 and Dec 31, 2018.

Twenty-two companies worldwide were included as super unicorn companies in 2018 and C

hina’s Fintech company Ant Financial ranked first in value worth $150 billion, the report said.

The US and China had the greatest number of new sup

r unicorns worth $10 billion last year with 12 and 7 respectively, accounting for 86.4 percent of

the world’s total. The UK, India and Singapore had one of these companies each in the same period.

New energy vehicles, artificial intelligence chips, robots, big da

ta, computer vision and cloud computing are the main areas for these emerging unicorns.

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Since 2015, more than 100 foreign experts and students

?from countries involved in the BRI have visited Hainan annually to study agricultural technology, including Nanf

an’s breeding program, which is “playing the role of Silicon Valley for the country’s seed industry”, Wang said.

Hainan’s climate and biological resources have made Nanfan an important nation

al center of seed propagation. Every winter, more than 7,000 domestic agricultural scientists and

workers are busy at the Nanfan centers. More than 70 percent of the country’s 7,000 crop varieties have been culti

vated in the tropical island province, which is building a global resources center, National Business Daily reported.

“With good stress resistance and higher yields, hybrid rice seeds developed by Nanfan’s ce

nters are being welcomed in Southeast Asian countries,” said Xie Zhenyu, an assistant research fellow at th

e Research Institute of Tropical Crop Germ Plasm under the Chinese Academy of Tropical Agricultural Sciences.

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Considering that the aircraft faces uncertainties in its airwo

irworthiness, after looking into the matter, the administration decided to suspend Boe

ing 737 MAX 8 airworthiness certifications immediately,” the Civil Aviation Administration of China said in a sta

tement unveiled on Tuesday, adding that the ongoing investigation had not ruled out design flaws in the aircraft.

“A certificate is granted by the country’s regulator after an aircraft has been inspected and

meets the requirements for safe operation,” said Li Xiaojin, a professor of aviation economics at Civil Aviatio

n University in Tianjin, “It’s a long process to determine whether an aircraft is airworthy.”

It took Boeing 15 months to get an airworthiness certificate for the first 737 MAX 8 from the a

dministration, he said, adding that the certificate was issued in October 2017.

The administration has sent experts to participate in investigations and will rev

iew the model’s airworthiness with a focus on alterations to the jet engine design and pla

cement. It will resume accepting applications for the certificate after the aircraft design is found to meet the requirements.

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Harmful gas found near Xiangshui blast siteing after the massiv

Environmental monitoring has detected an excessive amount of the harmful gas benzene ne

ar the site of a deadly explosion in Xiangshui county of Jiangsu province, authorities said on Thursday.

At 10 am on Wednesday, the benzene density stood at 2.04 milligrams per cubic meter at a monitoring point that is 1 kilometer away in the downwind direc

tion from the site, about 17.5 times more than the national standard. The concentration was below the standard, how

ever, 2 and 3.5 kilometers away, according to a media release from the Jiangsu environmental watchdog.

“Analysis done by environmental experts working on the site shows that the excessive den

sity of benzene occurred because buried pollutants were gradually exposed to the air as cleaning work cont

inues on the site,” Liu Youbin, spokesman of the Ministry of Ecology and Environment, told a news conference on Thursday.

The explosion occurred at about 2:48 pm on March 21 after a fire broke out in a plant owned by Jiang

su Tianjiayi Chemical Co. So far, the blast has claimed the lives of 78 people and injured more than 600 people.

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Xie Zenggang, commander of the 83rd Group Army who t

?took the examination, was quoted by China National Radio as saying that it had broade

ned his horizons and enabled him to gain a higher strategic perspective that can be used in planning future operations.

“It also reminded me of the necessity that as a commander, I not only need to take into consideration joint o

perations by various services in the PLA but also to think about joint campaigns with foreign militaries,” he said.

In June, the Ground Force organized a test for commanders of its 13 group armies – its la

rgest combat units. Since the start of this year, the Ground Force has conducted a wide range of exam

inations for almost all of its members to verify their professional knowledge and skills.

Geely and Daimler plan a 50-50 joint venture in China, which will develop and produce electric Smart br

anded vehicles and sell them globally starting from 2022, according to a deal the two signed earlier this week.

Representatives of the two carmakers said the Fi

nancial Times’ report of Daimler selling a 50 percent stake of Smart to Geely was not true.

Daimler, also owner of Mercedes-Benz, is currently prod

ucing the Smart branded vehicles in a plant in Hambach, France, but the plant will produc

e electric Mercedes-Benz models instead when the Chinese plant is finished. The location of the plant has not yet been disclosed.

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The study shows that nearly 20 large enterprises have spli

their business by locating the post-Brexit hub for one division in Frankfurt or Paris, and another in Dublin or Lux

embourg. The most obvious example is Bank of America Merrill Lynch, which has chosen Dublin as the EU hub for its bank

ing business, and created a new entity in Paris, which will be the hub of the its markets business.

Kieran Donoghue, the global head of international financial services, strategy and public

policy at IDA Ireland, an agency responsible for attracting foreign investment into that country, attributed the “m

ultipolar” scenario to the fact that no single financial center in Europe has the full and unique set of capabilities that London has.

“What makes London unique is that it has such a deep and broad set of capab

ilities in servicing the insurance, the asset management, and the investment banking industries, and none of t

he European financial centers has the same range of capabilities that currently reside in London,” Donoghue explained.

Nearly half of asset managers, hedge funds, and private equity companies in the re

port have chosen Dublin as the location for their post-Brexit operations, while more banks have chosen Frankfurt as th

eir main EU hub. Many are also expanding their markets business in Paris or adding staff in Amsterdam, Madrid, or Milan.

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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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We grow high-quality dendrobium without samake a livi

logical environment, allowing the villagers to make a living from the mount

ains,” said Ruan, who introduced the medicinal herb to the forest after a thorough investigation.

Oaks in the village have rough, thick barks, rich in water

and nutrients, making it easier for the dendrobium to attach to the trees and absorb more nutrients.

Since 2013, the company has planted dendrobium on the tree trunks of more than 267 hectares of oak forest.

For a long time, however, transportation difficulties meant the landloc

ked village could not capitalize on its unique ecological advantage. Growing dend

robium officinale was something villagers, including 44-year-old Chen Jian, had never thought of.

“All the oaks are ‘cash cows’ now,” Chen said. “Natural forests cannot be cut, so we did nothing but protect them in the past. Eve

since the dendrobium were ‘planted’ on the tree trunks, the green hills that we have kept for decades have turned into gold.”

Located in Anlong county, in Guizhou’s Qiannan Buyei and Miao autonomous prefect

ure, Zhegui is rich in forestry resources and has a climate that is neither too hot in summer nor too cold in winter.

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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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