Many of her professors took the high-speed railway

?from Shanghai to Henan on Saturday, and there were also a numb

er of doctors and nurses waiting to prepare for unexpected situations.

At 9 am on Sunday, Cheng’s graduation oral defense began on ti

me in the meeting room of Henan Provincial People’s Hospital.

Lying on a hospital bed, Cheng presented her thesis with a loudspeake

r clipped to her collar. Although her voice was weak, h

er thoughts were clear. She made excellent replies to the questions raised by the professors.

“Cheng was well-prepared for her thesis and defe0l that sh

e put a lot of effort in her academic research,” Lin Ling, one of the professors, said.

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China boast 80% of world’s unicornsSince the term “unic

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 by the top seven unicorns with hig

hest valuation, including Bytedance, Uber, Didi Chuxing and WeWork, the report citing data from CB Insights said.

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Some foreign entities have violated the market princ

nciple and spirit of contract and taken measures to block Chinese companies for non-commerci

al purposes, threatening the safety and benefit of China as well as the global industrial chain.”

“To fight trade protectionism and safeguard China’s national securit

y and legitimate interest of the public, China has decided to make such a list,” Gao said.

The ministry will disclose more details regarding the list in the near future, Gao said.Starting his seco

nd term in office, Indian Prime Minister Narendra Modi has proposed a second China-India infor

mal summit in Varanasi later this year. Varanasi is not only a culturally important city for Indians and one of the olde

st cities in the world but also the constituency that elected Modi to parliament.

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5G is not just a faster 4G. It will fundamentally reshape

?how enterprises run businesses and overhaul a wide range of industries by using data to create more value,” Lu said.

Greater access to China’s financial sector will encourage global investors and dispel the gloom clouding the global econo

my amid Beijing’s trade tensions with Washington, according to senior officials and economists.

Chinese financial regulators are preparing a comprehensive opening-up, with more new measures in the pipeline. Forei

gn institutions with advanced performance in risk management, credit rating, consumer finance, endowments an

d health insurance are especially welcome, senior officials stressed over the weekend.

The opening measures will offset part of the negative impacts of trade friction on economic

recovery, and enable China to reach its GDP growth target of above 6 percent this year, they said.

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The collaboration aims to make areas along the initi

ative safer, more sustainable and disaster-proof, according

to the declaration published during the two-day International Conference on Silk-road Disa

ster Risk Reduction and Development, which concluded in Beijing on Sunday.

Sunday marked China’s 11th National Disaster Prevention and Reducti

on Day, an annual event which began in 2009 after a devastating earthquake hit Sich

uan and neighboring provinces on May 12, 2008, leaving over 87,000 dead or missing.

More than 700 scientists from around 40 countries, regions and international organizations supported the declaration. It reco

mmended actions including data-sharing, investing in disaster risk reduction technologies and in

frastructure, and jointly enhancing disaster preparedness and response protocols.

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Joefe Santarita, dean of the Asian Center at the Unive

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. Trust is a fundamental element for Chinese businessmen who have engaged in co

mmercial partnerships and international trading systems for centuries,” he said.

Santarita said a similar concept can also be found in other Asian count

ries, citing the Philippines’ compadrazgo and Indonesia’s bapakism as examples.

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Jia Mo, an analyst from global market research compan

?Canalys, said it is possible for Huawei to achieve its ambitious revenue target if it can maintain its current growth rate and everything goes well.

“Huawei is also increasing the average selling price of its smartphones and expan

ding its presence in the premium segment, which will significantly boost revenue,” Jia said.

But the global smartphone market is reaching saturation point, so Huawei has to encroa

ch on other smartphone vendors’ market share to maintain a good momentum, Jia added.

On Thursday, Yu also unveiled the P30 smartphone series in Shanghai. Priced from 3,988 yuan ($594) in China, the P30 Pro co

mes with optimized photo-shooting capabilities. By leveraging artificial intelligence and a new light sensor, th

e new model would significantly boost light absorption to create better photos, even in near darkness.

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hinese firms to sponsor, serve Beijing horticultural expo

Chinese firms are expected to play bigger roles than sponsorship at the the upcoming 2019 Beijing International Horticultural Exhibition.

The expo has finished its sponsorship work, signing contracts worth about 1 billion yuan ($148.8 million) with 25 Chinese f

irms, including Air China and China Mengniu Dairy Company Limited, a record high sum for similar events in the field.

The firms will not only sponsor, but also serve the expo with

products, services and technologies, according to a consultant for the event.

Artificial intelligence firm Baidu will build a high-tech ecology experience pavillon to highlight the importance of environme

ntal protection, while China Telecom will showcase the country’s development in 5G technology.

Slated to kick off on April 29, the 162-day expo is poised to impress an expected 16 million visitors from hom

e and abroad, with a huge collection of plants, flowers and eye-catching pavilions, as well as ideas for green development.

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State Council pledges more fee reductionsunrise view of

China will take measures to reduce government fees and operating service char

ges in order to further reduce burdens on businesses and individuals, it was d

ecided on Wednesday at a State Council executive meeting chaired by Premier Li Keqiang.

Starting from July 1, charges on real estate registrations will be cut or cancel

ed outright. The eligibility for fee reductions on patent applications will be broadened.

Charges on exit and entry travel documents such as pass

ports, registrations of some trademarks, and usage of various radio frequencies will be fur

ther reduced. Significant reductions in these charges are required, it was decided.

Ownership registration fees for properties such as parking spaces will be reduced from 550 yuan ($81.97) to 80 yua

n. And fees for extended use of trademarks will be reduced from 1,000 yuan to 500 yuan.

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It is targeting the rapidly growing outbound travel mar

rket. Last year, it acquired Fishtrip, a Taiwan province-based bed-and-breakfast b

ooking platform. The move added about 300,000 quality overseas properties to its listings.

The company set up a small team in Japan in 2016. It also teamed u

p with Rakuten Lifull Stay, an e-commerce company in Japan in 2017, with an aim to boo

st its presence in Japan to take advantage of the 2020 Tokyo Summer Olympics.

According to a report by the State Information Center, the market for home-sharing services is expanding rapi

dly in China, with the sector’s revenue expected to reach 50 billion yuan ($7.4 billion) by 2020.

“The short-term home rentals and homestay services are wide-rangi

ng now to satisfy the needs of various kinds of tourists. Typically, customers hire such servi

ces for get-togethers, reunions, team-building activities and to improve parent-child bon

ding and communication,” said Lai Zhen, an analyst at market research firm iResearch.

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