icorn” was first used by venture capitalist Aileen Lee six years ago to describe a privately held startups valued at $1 billio n or more, the number of companies matching this label has mushroomed to 326, according to a report. The United States is home to 156 unicorns, nearly half of the world’s total, followed by China with 94 unicorns, Jeff Desj ardins, editor-in-chief of media site Visual Capitalist, said in a report called Visualizing the Unicorn Landscape in 2019. The total valuation of the 326 unicorns has been raised to $1.1 trillio n by investors, of which almost 30 percent is made up byRead More →

China welcomes the United States’ willingness to develop a stable mi litary-to-military relationship, but will remain steadfast in safeguarding national sove reignty and security, a senior Chinese military official said on Saturday in Singapore. In a keynote speech at the annual Shangri-La Dialogue on Saturday morning, acting US Defen se Secretary Patrick Shanahan said that China and the US can still have a cooperative relati onship. Although competition does exist between the two countries, it does not always mean conflict, he added. Shanahan also noted some “destabilizing activities” in Asia and emphasized the US’s military presence and commitment in the region. He called for moreRead More →

types of onshore commodity futures contracts without registering a Chinese entity, and will continuously improve the relate d rules, Lu Dongsheng, an official with the China Securities Regulatory Commission, told a forum on Tuesday Lu also announced other measures to develop China’s commodity fut ures market, such as accelerating the launch of ricThe Shanghai Futures Exchange will open up its nonferrous metals futures contracts to foreign investors, Jiang Yan, Party secretary of the exchange, said at the s ame forum. The bourGuo Shuqing, head of the China Banking and Insurance Regulatory Commissiose will also list a n ew type of futures contract, TSR20 Rubber, whichRead More →

n a written instruction released on Friday, President Xi Jinping called on society to ca rry forward the spirit and dedication of 95-year-old war hero Zhang Fuqing as China forges ahead in the new era. Xi is also general secretary of the Communist Party of Chin a Central Committee and chairman of the Central Military Commission. Zhang, a native of Shaanxi province, behaved courageously in the Liberation War in 1948, repea tedly achieving military glory. He retired from active service in 1955.Over the following dec ades, he kept his battle achievements a secret, even from his children. His story was made public at the endRead More →

anization sued to block the subpoena issued in April to Mazars USA, an accountant for the president and Trump Orga nization. Trump’s lawyers accused Democrats of harassing Trump and said the subpoena “has no legitimate legislative purpose.” Trump’s lawyers, in suing in both Washington and New York in attempt to beat back congressiona l subpoenas, said congressional investigations are legitimate only if there is legislation that might result from them. In the New York case, Trump, his business and family have sued Deutsche Bank and Capital One to prevent the fi nancial companies from complying with subpoenas from the House Financial Services Committee and theRead More →

infrastructure sector is a mere 3 percent while that in the US capital market is about 12 percent. So how can the US attract more private capital to the infr astructure sector without guaranteeing a return on equity equal to that in the capital market? US suffering from a financial Dutch disease The US’ monetary hegemony is itself a big impediment to the reindustria lization process, which could be viewed as a sort of financial Dutch disease-the apparent causal relationship between the increase in the economic development of a specific sector and a decline in other sectors. The mor e heated the US stock marketRead More →

rsity of the Philippines, said Asian values promote consensual approach and communitarianism rather than individualism, and they prioritize social order and harmony as well as respect for elders, disc ipline and a paternalistic state along with the primary role of government in economic development. “Asian values are the salient ingredients on how to learn to work togeth er through trust and consequently promote globalization,” Santarita told China Daily. He cited China’s guanxi, a cultural concept that stresses deep personal connections and maintaining relations. “Guanxi is a clear manifestation of a success story of a cultural element that is aptly applied in the business sector. TrustRead More →

“It’s such a difference visiting today to see so many different animate d productions being done in China. Chinese writers, directors and animators ha ve really jumped into rich storytelling and created really fascinating worlds that the global audience will enjoy seeing,” he says. Over the past eight years, D’Ambrosia has overseen production of such popular Disney Junior’s shows such as the Emmy Awar d-winning Sophia the First and The Lion Guard, which is based on Disney’s Oscar-winning 1994 film The Lion King. Speaking about the key to appealing to children aged between 2 and 7 , he reveals that the tales his team createsRead More →

tier city, we will expand to neighboring lower-tier cities. For example, we have developed ve ry well in Xiamen (Fujian province), and based on this we will expand to smaller cities nearby,” he said. About 70 percent of small-town youths live from paycheck to paycheck, and most of their money goe s on household items, luxuries, entertainment and travel, according to a report on this age group rec ently released by the Central Committee of the Communist Youth League of China. “They also like quality products, good brands and are interested in being trendset ters,” said Sun Hongyan, a researcher at the China Youth andRead More →

chengxiang recently wrote a WeChat article saying he often encountered patients who fell for the fake adverti sements, wasted money and treatment time and thus missed the opportunity to be cured. The netizen also strongly opposed Li’s nomination shortly after the announce ment, saying in an article that Li was morally unqualified because of Baidu’s insufficient regulation of adver tising. The article went viral on social media but was removed over complains of libel by Baidu. Li would not be the first controversial engineer to become an acade mician, which carries perks such as stipends and medical se rvices. In 2011, the public was outragedRead More →