Category Archive上海乌托邦

Uber has also weathered controversies including revelati

ions of a culture of sexism and bullying at Uber and US Department of Justice investigations. After a series of embarrassments, Kalanick was forced to res

ign in 2017 by a group of investors. Uber then hired Khosrowshahi to lead the company.

Uber has said it has the potential to grow not just in the cab hailing business, but also as a “sup

erapp” to provide logistic services, such as grocery and food delivery, organizing freight tra

nsportation, and even financial services, much like Grab, its Southeast Asian counterpart.

But market experts have struggled to find value in a company that has consistently posted los

ses, and warned that it may never be profitable. “The business is unprofitable, new entrants can enter the ma

rket, there is potential regulatory risk, and it is very price sensitive. What is there to like about this opportunity?” Ro

bert Johnson, professor of finance at Heider College of Business, Creighton University in Omaha, Nebraska said.

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Faster checks for inbound pets in placegs, cats to got

No need for dogs, cats to go through quarantine if they meet set conditions

Pets owners no longer need to be separated from their beloved dogs or cats when they ar

rive in China from overseas if they meet certain conditions, under a regulation that took effect on May 1.

Dogs or cats with valid electronic chips arriving from 19 designated c

ountries or regions no longer have to undergo weeklong quarantines if they pass on-site inspe

ctions at ports of entry, according to the regulation released by the General Administration of Customs earlier this year.

The designated countries and regions are New Zealand, Australia, Fiji, French Polynesia, Hawaii and Guam of the Unite

d States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, Cyprus, Portugal, Sweden, Switzerland, J

apan and Singapore, as well as China’s Hong Kong and Macao special administrative regions.

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“It is the predictability, transparency and nondiscr

rimination bent of the law which, in my view, will lead to a significan

t inward flow of foreign capital in key services and advanced manufacturing sectors,” he said.

Overholt said “the list of issues that President Xi has addr

essed are the issues that the business community is concerned about”.

“It is excellent that President Xi recognized some problems,” especially those associated with its Belt and Road Ini

tiative, such as transparency and corruption, said Craig Allen, president of the US-China Business Council.

Experts also were interested in how the reform policies and laws would be implemented, something Xi addressed in his speech.

“People are very positive about the direction, but they need t

o know the details” of how the promises would be delivered, Overholt said.

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Manufacturing remains in expansion territoryoducts at

The growth of manufacturing activity in China eased in April but remained within expansion territory, adding to the confidence that the country’s economy is stabilizing.

The purchasing managers index for the country’s manufacturing sector came in at 50.1 in A

pril, slightly down from 50.5 in March, the National Bureau of Statistics said on Tuesday.

A reading above 50 indicates expansion, while one below it reflects contraction.

Senior NBS official Zhao Qinghe said in a statement that factory activity continued a steady ex

pansion in April, with the subindexes for production and for new orders standing respectively at 52.1 and 51.4. T

he readings are slightly lower than those in March, but they are higher than the average performance of the first quarter.

“Market demand is driving a stable growth in production,” Zhao said, adding strong growth in e

merging industries, such as high-tech and equipment manufacturing, also contributed to the steady performance.

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The origins of modern surveillance states can be trace

 back to the US government’ s military occupation of the Philippines in the 1890s. Christ

opher J. Coyne, a professor at George Mason University in the United States sai

d in the book Tyranny Comes Home that under the leadership of Ralph Van Deman, the father of US military int

elligence, the American occupier established an advanced monitoring agency at the time to suppress rebels and dissidents.

In May 1917, Vanderman took charge of the Military Intelligence Section (

MIS), a similar surveillance facility in the United States, and which would eventually evo

lve into the US National Security Agency (NSA). In 1955, the United States further launched an intelligence gat

hering and analysis network consisting of five English-speaking countries: the United States, Britain, Canada, Australia, and New Zealand. Thi

s is the so-called “five-eye alliance.” As a result, the five countries can globally intercept and monitor telephone exc

hanges, faxes, mails and other information transmitted by satellite communications.

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Walmart banks on tech innovationn escalator in a Walmart

US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba

sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.

Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of

the most important markets for the US retailer. Technology will be another major focus area for the com

pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.

McMillon said Walmart has developed digital solutions to better u

nderstand customer behavior and spending patterns, which in turn has helped the ret

ailer to create new products and to solve old retail problems with modern technology.

Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel

ped Walmart to reach out to more customers and improved the overall decisionmaking process.

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The latest official tone came from central bank’s D

puty Governor Chen Yulu over the weekend. He reassured that monetary policy will remain “p

rudent” and “with proper intensity”. The growth of broad money supply (M2) and aggregate social financi

ng should align with nominal GDP growth, according to a statement on the central bank’s website.

The deputy governor delivered a speech at the 39th mee

ting of the International Monetary and Financial Committee in Washington.

Chen also stressed that the further improvement of the exchange rate regime wo

uld “keep the renminbi exchange rate generally stable at an adaptive and equilibrium level”.

Lu Ting, chief economist in China with Nomura Securities, wrote in a research note that de

spite solid credit growth, underpinned by ongoing monetary and credit easing measures, the government is u

nlikely to engineer another long and large-scale “credit boom” due to much narrower policy room than before.

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and serve the WTO’s interests and goals, and how sh

the organization’s reform be carried out? Two experts share their views on the issue with China Daily’s Liu Jianna. Excerpts fo

llow:China’s developing country status has not changedBai Ming, a senior research fellow at and deputy direc

tor of the Institute of International Market, Chinese Academy of International Trade and Economic Coope

rationDespite the large size of its economy and remarkable GDP growth, China remains the largest developing economy

. Even though there are no WTO definitions of “developed” and “developing” countries, compared with China, p

eople in developed countries enjoy higher living standards. Besides, China still has to lift millions of people out of pov

erty, especially in its central and western regions.Due to its huge population-the largest in the world-China’s per c

apita GDP is still very low in relation to that in developed countries. For instance, China’s per capita GDP of less th

an $10,000 in 2018 was meager compared with the US’ nearly $60,000, and low

er than the over $10,000 per capita GDP of some other developing countries such as Russia and Argentina.

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Online travel agency Lvmama, in Shanghai, said in a

 report released on Sunday that attractions highlighting cultural experiences or tea-picking activities were among the hottest destinations.

Reservations for cultural attractions such as museums, temples and viewing cultural relics r

ose by 20 percent year-on-year during the break, and museum bookings rose by 17.8 percent.

Li Qiuyan, Lvmama’s branding development director, said the

Tomb Sweeping holiday is a good time for spring outings and leisure activities.

“Travelers are snubbing the attractions that offer only sightseein

g activities, while pursuing cultural experiences with medium and high-end accommodations,” she said.

Opportunities to view blossoming flowers also attracted travelers. Yuanto

uzhu, a peninsula in Wuxi’s Taihu Lake-one of the nation’s largest freshwater lakes, in Jiangsu

province-was among the top 10 hottest attractions because of its cherry blossoms, the report said.

Other popular attractions during the festival included Shanghai Disn

ey Resort, Mount Huangshan in Anhui province, and Happy Valley theme park in Beijing.

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Britain is not scheduled to hold a national election until

but the gridlock in Parliament makes an early vote more likely.

Opposition politicians think the only way forward is an early election tha

t could rearrange Parliament and break its current political deadlock. They could try to bri

ng down May’s Conservative-led government in a no-confidence vote, triggering a general election.

Or the government could pull the trigger itself, if it thinks it has nothing to lose.

May has promised to quit if her Brexit deal is approved and Britain left the EU in May. Even though it was defeated, she will

still face huge pressure to resign, paving the way for a Conservative Party leadership contest.

A new Brexit Referendum

Another option considered by British lawmakers this week called for any Brexit deal to be put to public vote in a “con

firmatory referendum.” The idea has significant support from opposition parties, plus some Conservatives.

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