Month: March 2019
Chinese business leaders are more confident and prepared in addressing the challenges brought by new technologies than
those in many other countries, said Cindy Hook, CEO of Deloitte Asia-Pacific, a global consultancy firm, on Thursday.
While many business leaders in the rest of the world take a protective approach to using technologies, Ch
ina’s leaders would like to “disrupt their sectors” and facilitate real changes, Hook said on the sidelines of the Boao Forum for Asia.
“Chinese enterprises are looking at the technologies available－whet
her it’s artificial intelligence, big data or the like－to actually come up with whole-new busi
ness models and whole-new approaches to doing things, not just improving the old processes.”
With the readiness for technologies, China is likely to lead on many aspects of the unfol
ding Fourth Industrial Revolution, such as e-commerce, smart cities and the internet of things, Hook said.
The country’s impact on the revolution will be enlarged by its opening-up determina
tion, she added, citing the fresh opening-up measures announced by Premier Li Keqiang at the forum on Thursday.
Deloitte Industry 4.0 Readiness Report. The research surveyed more than 2,000 global executives and public sector leade
rs in 19 countries, including about 130 from China, about how they are prepared to embrace the revolution.
According to the report, the revolution－which features the booming new technologies and th
e combination of them－has a big opportunity to positively change the world, but has also posed great
challenges. To thrive in the future, Hook believes businesses should strengthen cross-border cooperation and pri
oritize diversity and inclusiveness in corporate cultures－all to maximize the ideas and angles to tackle the challenges.
A key part of achieving diversity is to close the gender gap in bu
siness leadership, which is especially large in the Asia-Pacific region, including China.
According to a report from McKinsey Global Institute released last
year, slightly less than four women held leadership positions for every 10 men in bu
siness and politics, worldwide in 2016. The figure fell to one for four for the Asia-Pacific region, and one for five in China.
Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre
e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.
“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti
c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.
As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3
50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.
The future of the commercial aviation market in China is very exciting, Li said, and no othe
r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.
A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m
ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.
More than 200 major generals of the People’s Liberation Army Ground Force simultaneously took part in a recent examin
ation held across the nation, marking the Ground Force’s first large-scale test of its high-ranking commanders.
The examination was arranged by the Ground Force headquarters and was held earlier this month in seven loca
tions – Beijing, Fuzhou, Nanning, Lanzhou, Jinan, Urumqi and Lhasa. The largest test site was at the Ground Force Acade
my of Armored Forces in Beijing with 52 examinees, according to a statement from the Ground Force.
Experts from PLA National Defense University and inspecto
rs from the Ground Force’s disciplinary committee supervised the examination.
Participants were mostly made up of major generals and some senior colonels – commanding officers from
departments under the Ground Force headquarters, academies, schools, regional branches and training and test bases.
hinese and Asian art collectors have become more knowledgeable, sophisticated and are branching out for m
ore Western works, said Francis Belin, president of Christie’s Asia, who is excited about the trend.
“Chinese clients have evolved from being very dedicated to Chinese arts to gaining increasing interest
in other categories and expanding the spectrum of the type of objects that they wish to collect,” Belin told
Xinhua in an interview in New York City during Christie’s Asian Art Week held on March 19-26.
Diversity of collecting is one of three “fundamental trends” the auction house has obse
rved among the Chinese and Asian buyers, Belin said, noting the increased appetite to collect across categories.
About 10 or 20 years ago, Asian collectors focused primarily on the art that relates to their own c
ulture, he said, “we’ve seen this evolved in the past years to be much more holistic in the collecting of our Asian buyers.”
The United Kingdom’s decision to leave the European Union has led major
financial companies in London to move assets and staff to continental Europe, mea
ning the post-Brexit landscape is likely to be far more “polycentric” than it is today
and far less centered on one location.
According to a recent report by think tank The New Financial, more than 40 companies have shifted staff or oper
ations to more than one financial center within the EU, with 100 choosing the
Irish capital as a post-Brexit location, whi
ch was the most popular choice ahead of Luxembourg, with 60, Paris with 41, Frankfurt with 40, and Amsterdam with 32.
William Wright, principal author of the
New Financial Brexitometer report, said: “One of the most strikin
g findings of our analysis is the extent to which Europe will become a much more
‘multipolar’ world as a result of Brexit.”
Companies are migrating to, or expanding in, multiple financial centers, with man
y either establishing a dedicated division for EU business or spreading their staff
more evenly throughout the EU.
from across the country who moved to Dali. She and her husband, who help organize activities
such as gardening, hiking and cycling for newcomers, have a big circle of friends who have relocated to the city.
“People have different reasons for leaving, ranging from the need to take care of elderly pare
nts who have stayed in their hometowns, to taking their children back to big cities for better education,” she said.
People are also leaving because after two or three years without work, they need to find paid employment.
In recent years, thousands of people have moved to Dali from big cities. The exact number is not kno
wn, but a rough estimate from the local government shows that about 40,000 newcomers are living in the city.
Many people decided to leave their jobs and move to Dali from large cities such as Beijing, Shanghai and Guangzhou, capital of Guangdong pro
vince, due to work pressures and surging property prices, which have been hotly debated nationwide in recent years.
d visits to the city with his wife.
He said he decided to relocate 2,100 kilometers from the capital due to heavy smog, which ha
d caused him serious discomfort. But more important, he wanted to change his way of life.
The 45-year-old worked for a State-owned company in Beijing before moving. Since 2001, he had
been sent abroad by his company to work in countries such as Sudan, Ecuador, Iran, Syria and Iraq as chief manager for busi
ness development. However, he faced great pressure, both from work and security problems.
Mu said he had several narrow escapes from bomb attacks near his office in Iraq, where he worked for seven years.
When he returned to work at the company’s Beijing headquarters in 2015, he found he could n
ot adapt to life in the city. He had to travel for a total of three hours each day on the subway between home and work.