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 →

eached 662,100 in 2018, 53,700 more than that in 2017, the ministry said in March. Among those, 65,800 were sponsored by public funding while 596,300 were self-funded. A pilot zone for the medical sector’s opening-up will be established in th e port city of Fangchenggang, South China’s Guangxi Zhuang autonomous region, ac cording to a declaration published on the First International Medical Innovation and Cooperation Forum. The Fangchenggang Declaration of International Medical Innovation and Cooperation Forum has been made by over 1,0 00 participants from 21 countries or organizations as the outcomes of the forum that ended last week. The establishment of the “International MedicalRead More →

30n Monday, the Chinese government warned students to be aware of po ssible visa restrictions or even rejection if they want to study in the United States. For a period of time, some Chinese who want to pursue their studies in the US have encounte red visa problems, including a longer waiting time for visas to be issued, a shortened term of visa va lidity and a rising rate of visa applications being rejected, according to the Ministry of Education. Such problems are exerting negative influence on Chinese w ho plan to study or are studying in the US, the ministry added. The ministry suggestedRead More →

l level. Because in that fashion, by building these relationsh ips now, hopefully we get a more stable relationship nationally going forward China’s National Supercomputing Center in the South China ci ty of Shenzhen on Friday launched a testbed for artificial intelligence experiments. The AI testbed, named Tai, provides the basic environment of AI chi ps and systems for the research, development and application tests of AI inventions. Tai is capable of dealing with large-scale and complex scenarios. Scientists have built an EB-level intelligent data management and analysis system for high-energy physics, as well as si mulation of AI scenarios in real business situations andRead More →

September. The two countries should continue to understand, trust an d support each other on issues related to core interests and major concerns, Xi sa id, adding that the two sides should share more experiences on governance and development. Xi called on the two nat ions to enhance connections under the frameworks of the Belt and Road Initiative and FOCAC. China will continue to support Niger to fight terrorism and safeguard regional peace and stabilit y, Xi said. China would like to help Niger improve its people’s livelihood through such measures as m edical assistance and via exchanges in areas including culture, youth, women andRead More →

mittee and chairman of the Central Military Commission, laid a floral basket at a monument on Monday marking the departure of the Long March. At a museum marking the start of the Long March, Xi spoke with nine representati ves of descendants of Red Army soldiers and relatives of revolutionary martyrs. The People’s Republic of China was founded at the cost of the blood of numerous revoluti onary martyrs, Xi said, adding that the CPC and the Red Army, upholding lofty revolutionary id eals, had brought about incredible achievements after repeatedly surviving desperate situations during the Long March. Xi called for staying true to theRead More →

 industries develop fast, and new sectors have been emerging, such as unmanned warehousing, facial recognition payments and new online-to-offline groceries.” Meng also said that a new version of the nationally unified negative list for market access will be rolled out w ithin the year. Illegal or implicit entry barriers and locally issued negative lists will be canceled, she said. The Chinese authorities will also establish and refine mechanisms for adjusting the annually released list when necessary, she said, adding that the list will better cope with the reforms to delegate power, streamline ad ministration and optimize government services, and will better meet the needs ofRead More →

China has formally arrested two Canadians who have been detained in December last year on suspicion of endangering national security, Foreign Ministry spokesperson Lu Kang said Thursday. Michael Kovrig, a former Canadian diplomat, has been arrested by Chinese authorities in accordance with the law on susp icion of prying into state secrets and intelligence for overseas forces, Lu said at a regular news conference. Michael Spavor, a Canadian businessman based in China, has also been arrested on suspicion of ste aling and illegally providing state secrets to overseas forces, Lu added.Teenagers’ first exposure to elec tronic gadgets and online games tends to be at a youngerRead More →

 those living in poverty who remain – 560,000 people – will be moved to new homes this year, according to Sun Zhig ang, secretary of the Guizhou Provincial Committee of the Communist Party of China. Sun made the remark in Beij ing in March while attending the annual plenary session of the National People’s Congress, the country top legislature. Guizhou has aimed high in its poverty fight in a bid to help reach the natio n’s goal of lifting all people out of poverty by 2020. This year, a total of 1.1 million residen ts are expected to escape poverty, Guizhou Governor Shen Yiqin saidRead More →

 of programs and compliance oversight to ensure that the required funds of investment programs are in place on time. The approval mechanism for government-invested pro grams will be further standardized, and major programs must go through procedures suc h as evaluations by intermediary service institutions, the public and experts, as well as risk assessment. Government investment funds must prioritize investments into areas where the market cannot effectively allocate res ources, such social services, public infrastructure and environment protection, the regulation said. It also calls for equal treatment of various types of investment entities, adding that authorities should not set up biased conditions. The premier saidRead More →