Huawei’s rotating Chairman Guo Ping addressed UK’s securit

y concerns after the Chinese telecommunications company was criticized in a report on Thursday.

Huawei’s performance in the past 30 years has proven it has the best security record in the industry, Guo said at a press conference in Beijing on Friday.

The results from authorized professional test and evaluation companies in the US, UK and Finland show 9 out of 12 profes

sional capabilities of Huawei’s products have reached the top level and the other three are above average.

Huawei accepted the strictest and toughest tests from UK’s monitoring institution and was th

e first to promise worldwide that the company will make the process and results secure and trustworthy, Gao said.

The company’s board of directors made a decision to invest $2 billion to improve overall sec

urity capability in the next five years with openness, sincerity and trustworthiness, he added.

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he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.

The ministry also called for small and medium-sized enterprises to forge alliances for common development to consolidate the fragmented logistics sector.

In recent years, China’s logistics industry has been experiencing consistent growth on the back of steady economic progress and a rising domestic market. Accor

ding to the National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, am

ounting to 14.8 percent of last year’s national GDP. The share was slightly up from the previous year.

The logistics sector is of strategic importance in the development of the market econom

y, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It redu

ced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.

China ranked 12th last year in the World Bank’s logistics performan

ce index covering 160 countries and regions. China’s position has moved up 15 places since 2016.

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China will unveil various measures to improve transport efficiency and lower logistics costs, according to a spokesperson for the transport ministry.

Vowing to see a notable increase in transport efficiency in the next

three years, the country will accelerate the construction of a comprehensive tra

nsport network, spokesperson Wu Chungeng told a news conference on March 28.

Efforts will also be made to expand the electronic toll collection system and promote multimodal transport, Wu said.

Meanwhile, the logistics costs are expected to be reduced by 120.9 billion yuan (about $17.97 bil

lion) in 2019, and a logistics service system in line with the country’s high-quality growth will be established over the next three years.

To fulfill such targets, the ministry will optimize transport struct

ure, upgrade rail, road and waterway transport systems and expand the network of logistics hubs, Wu said.

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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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 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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oss the period, be they old masters’ paintings, impressionist, or modern and contemporary, he said.

The second trend is that Chinese and Asian markets continue to grow and flourish

despite short-term macroeconomic challenges the world is facing, Belin said.

“We continue to see strong appetite for collecting and strong growth.

We continue to see a very strong demand and we do see (in Asian Art Week here) very stro

ng buying appetite from our clients; a depth of biding that even surprised ourselves,” he said.

The third key trend in Asia is growing number of young collectors, Belin said.

“There are more young billionaires in Asia than we have in Europe and in the U.S., and that’s also reflected in collec

ting, which is very exciting for Christie’s, because we can bring our clients much earlier on the collecting journ

ey with the best art across the world. And we can accompany them for even longer time in their journey.”

The flourishing Chinese culture market represents “fantastic opportunities” for Christie’

s and the auction house always attaches greater importance to the Chinese market, said the senior industry leader.

Being the first international fine art auction house to be gran

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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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hinese herbal medicine,” said Ruan Jian, deputy manager of Anlong Xic

heng Xiushu Agriculture and Forestry. “Zhegui village has sufficient forest coverage, with p

roper altitude and climatic conditions, which is very suitable for growing imitation wild dendrobium.”

The plant, a member of the orchid family, is known as an important traditional medi

cine in China since many of its biomedical benefits have been scientifically examined.

Wild dendrobium officinale became an endangered species in the 1980s. However, with

the breakthrough of tissue culture technology in the early 2000s, artificially cultivated plants entered the market.

With the expansion in scale, dendrobium planted in some region

s suffered from problems such as pesticide residue, elevated levels of heavy metals and poor quality.

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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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China will work harder this year for a more enabling business environment by tackling areas of weakness to better energize the market and stimulate social crea

tivity, the State Council’s executive meeting chaired by Premier Li Keqiang decided on March 26.

The Chinese government puts great emphasis on improving the business climate. General Secretary Xi Jinping stressed the need to improve the investm

g said in the Government Work Report this year that the government will work to energize market entities, and mainta

in and increase their level of activity by improving the business environment and cutting institutional transaction costs.

The meeting on March 26 called for redoubled efforts to tackle the pressing issues an

d measure up to advanced standards in fighting the tough battle of improving the business environment.

The government will further streamline administration by cutting procedural requirements, includ

ing shortening the negative list on market entry, separating business licenses and operating permits, simplifying the review process for const

ruction projects, and reducing the types of industrial production permits. The goal is to cut the time required for starting a busines

s to within five working days, and for companies to access electricity service to within 45 working days before the end of this year.

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