University’s Kellogg College in England, called openin

g to more foreign investment a very important development.

“Of course this will expose both inward investors and indigenous organ

izations to some stark differences in management and doing business between them, which in tu

rn requires more globally effective leaders who are les

s ethnocentric and more culturally aware,” he said.

Sikhumbuzo Zondi, a research assistant at th

e Institute for Global Dialogue associated with

the University of South Africa, said another important aspect of Xi’s

opening address was the desire to invest more resources in scientific innovation and technology.

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Beijing’s municipal government has built bridges between Chinese co

mpanies and countries associated with the Belt and Roa

d Initiative in recent years and plans to enlarge its communication in more fields in the future.

Xiong Jiuling, head of Beijing’s Foreign Affairs Office, said the capital w

ill make greater efforts in nongovernmental exchange programs this year by enh

ancing cooperation in commerce, technology, culture, education and urban management with other nations.

“We will employ better arrangements and methods to coordinat

e different departments to realize our target without increasing government spending,” she said.

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Zhonghao Overseas Construction Engineering Co, a Beijing-based private company established in 2001, has been drill

ing wells in countries involved in the Belt and Road Initiative, including in Algeria, Ghana, Kenya, Nigeria and Uganda.

Tian Chao, president of the company, said those projects have provid

ed jobs for local people, solved their water problems and helped balance foreign exchange.

“The projects are platforms for more influential good things that we can do for those countries,” he said.

The company said it has drilled about 10,000 wells in 275 projects in those countries, with a total c

ontract value of $510 million. The wells ensure that more than 20 million African people can drink clean water, Tian said.

At present, the company employs around 200 Chinese in Africa, with an average age of 30. The company has been inve

sting in projects that are beneficial to local communities in Africa, with the help of Beijing’s Foreign Affairs Office.

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 33 for Real Madrid. But Barca have won

eight of the last 11 leagues and 10 of the last 15 (all 10 with Messi in the squad).

Earlier in the day, second-placed Atletico Madrid won 1-0 at home over struggling Valladolid to delay Barca’s celebrations.

The only goal of the match came in the 66th minute when Valladolid’s Joaquin Fernandez put the ball into his own net, but

the visitors were convinced they should have had a penalty after Santiago Arias clearly handed the ball in his own area.

Referee Melero Lopez checked with the VAR but decided the handball was accidental.

Athletic Club Bilbao remains seventh after a 1-1 draw at home with Alaves in the Basque derby.

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spectacular 41st minute free kick, but Borja Baston equalized four minutes later in a game in which both teams looked flat in their third game in seven days.

Leganes and Celta Vigo drew 0-0, which draws Celta a point closer to

survival and means they remain unbeaten since Iago Aspas returned to the side after injury.

In overseas ventures, insurance gives firms a sure footing

Overseas investment inevitably means risks and uncertainties for Chinese comp

anies, but many have started using insurance services to help control and reduce risks.

“Chinese companies face new situations while investing overseas, namely that global politi

cs and economics have become more complex,” said Wang Tingke, general manager of China Export and Cr

edit Insurance Corporation, or Sinosure, China’s State-funded policy-oriented insurance company.

“So while going abroad, Chinese companies need to i

ncrease their awareness of risks and set up comprehensive risk management systems.”

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and Road initiative, calling on free and inclusive trade, global cooperation in the spirit of peace and pr

ogress, and the exchange and enhancement of the cultural foundations of human mankind. His rem

arks were very well received by the attending heads of states and other distinguished delegates. He called on the world

to give up on protectionism, nationalism and isolationism. Xi added that the B&R is building bridges to make the world a better place.

We heard from the Chinese president about the me

aning and the importance of the initiative, which is cooperation and benefits for all.

A new law in China about foreign investment opens the do

or for businessmen from outside to come in. It shows that China not only announced the inves

tment but at the same time it shows us how the procedures to continue to develop this initiative.

The initiative is important not only for China but for the world.

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 of travel plan changes, as many choose new destinations a short or medi

um distance away instead of suburban trips, said Feng Rao, data research center mana

ger of Mafengwo, a major online travel service provider and tourist information-sharing platform in China.

Travel plans to Sanya, Luoyang and Enshi, three Chinese tourist cities, grew most rapidly — by 15.4

%, 13.6% and 11.6% respectively — due to the extended holiday, according to a report from Mafengwo.

With a new railway operating plan put into use from April 10 offeri

ng more high-speed train routes, high-speed train trips are easier and more convenient.

Take Luoyang in Henan province as an example. People living in Suzhou, Xuzhou an

d Jiaozuo, places where travel time to Luoyang by high-speed train is five hours or less, have turned their eyes to the city.

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cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

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les to customers in the second quarter, where it predicted that an estima

ted loss would be “significantly” less than the $702 million lost in the first quarter.

The company delivered about 63,000 vehicles in the first quarter.

The gross profit margin on the Model 3 – a focus for investors – remained steady at 20 percent.

Tesla also announced it would start offering its own ins

urance product in about a month to better reflect the safety of its vehicles.

Tesla reported net loss attributable to common shareholders of $702.1 million, or $4.10 p

er share, in the first quarter ended March 31, compared with a loss of $709.6 million, or $4.19 per share, a year earlier.

Excluding some items, Tesla lost $1.77 per share, compared with

Wall Street expectations of a loss of 69 cents, according to data from Refinitiv.

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gions are facing severe lack of water, the institute said. In the meantime, urbanization has increased the amount of waste

water by 4.2 percent annually, from 48.5 billion metric tons in 2013 to 57.1 billion tons in 2017, it said.

China lags behind leading economies in water-use efficien

cy, said Yuan Da, the NDRC spokesman. Every 10,000 yuan in indu

strial added value consumes 45.6 cu m of water, double that for developed economies, he said.

Water conservation should be promoted from developing, using an

d protecting the natural resource with careful all

ocation, said E Jingping, minister of water resources, in an article published by People’s D

aily late last month. Projects that do not pass water conservation assessments will not be approved, he said.

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