Astle saw constructive long-term positive opportunitie

ities for UK and China businesses transitioning from investment and infras

tructure into an operating phase where British service providers can really benefit.

As a matter of fact, many UK companies have already started to profit by playing

an active part in projects in the countries involved the Belt and Road Initiative.

UK engineering consultancy Mott MacDonald has been working with PetroChina in Iraq

and the UAE, especially in Dubai and Abu Dhabi, for more than 10 years. The Chinese project has h

elped Mott MacDonald make $6-10 million in fee revenue each year over the past decade, said Martin Tai, energy div

ision general manager and team leader of the company’s China Going Out Initiative.

After attending the second Belt and Road Forum for International Cooper

ation in April, Astle said the trend of BRI investment will continue and new opp

ortunities will be generated with green financing, standards compliance and transparency.

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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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The Asian carp dominates the biomass, creating pro

lems for commercial and recreational fishing, boating and water skiing. It deters a

lot of new business owners when they talk to us about opening in Kentucky,” Brooks said.

In some waterways, carp are so abundant that they jump out of the water into boats, sometim

es hitting boaters and creating a nuisance. The massive schools of the fish are also hazardous to water skiers

on popular lakes. Commercial fishermen in pursuit of other types of fish have to try hard not to catch them.

Asian carp are having a $7 billion negative effect on various businesses in the US.

But He Lining, development manager at Two Rivers F

isheries, said the fish are not a problem, but an opportunity.

According to He, who is writing a book about the species, the fish was introduced to the US

by scientists in the late 1960s and early ’70s as an easy and cheap way to treat domestic waste.

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There are some types of cancer, including liver cance

er and stomach cancer, that are more common in China but are rare in the US,” he said, adding that cooperation on r

esearch for those cancers can help the US improve understanding of them and help China develop new drugs faster.

Chen said the potential for China’s cancer drug market is huge and dynamic. The market is projected to reach $30

billion by the year 2024, according to a recent report by US company Research and Markets.

Lung, breast and stomach cancer dominate the anti-cancer drug

market in China and are expected to do so in the near future, according to the report.

He said it’s good to see that there is a growing awareness regarding cancer treatment, diagnosis and drugs among Chi

nese people, and that the government also is investing more in healthcare infrastructure at the same time.

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At this time, there’s no nexus to Los Angeles, but i

in an abundance of caution, we will conduct high visibility patrols around synagog

uesa and other houses of worship,” the Los Angeles Police Department tweeted.

The Chabad of Poway website said the congregation i

s a center for Jewish people of all backgrounds. It was established in 1986.

Chabad offers a wide variety of educational and spiritual opportunities, including Torah

classes and lectures, Shabbaton dinners, and an array of family and social activities, according to the website.

Poway, about 20 miles north of downtown San Diego, is the sa

fest city in the San Diego County and among the safest in the state of California based on FBI c

rime data and population statistics, according to report of The San Diego Union-Tribune, a local daily newspaper.

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Speaking of the Chinese economy, Liu said, China is

 accelerating its transition from high-speed growth to high-quality develo

pment, as its economic structure continues to upgrade, and new momentum sustains remarkable growth.

China has adopted a proactive fiscal policy this year with greater intensity and enhanced efficiency, rolling out substa

ntial tax cuts and fee reductions, and its economic growth in the first quarter has gotten off to a good start, Liu said.

The minister said his country will continue to significantly relax ma

rket access, enhance the protection of intellectual property rights, and carry out larg

er-scale tax cuts and fee reductions, so as to create a more attractive investment and business environment.

On the sidelines of the Development Committee meeting, Liu met with David Malpass, the new World Bank president, as scheduled.

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Supply chain finance gets tech edge, to boost private

Chinese commercial banks are strengthening supply chain finance with the help of tech

nology to solve difficulties at private enterprises, especially small and micro-sized businesses.

Supply chain finance allows a supplier to sell its invoices to a bank at a discount as soon as they ar

e approved by the buyer. This allows the buyer to pay later and the supplier to secure its money earlier.

China Minsheng Banking Corp, a national joint-stock commercial lender – a business entity in which shares

of the company’s stock can be bought and sold by shareholders – is providing comprehensive financial and nonfin

ancial services to private enterprises in the upstream and downstream supply chains.

Downstream supply chain management refers to coordinating the flow of information and goods with clients. It cont

rasts with upstream SCM, which involves coordinating buying activities with suppliers.

The Beijing-based bank has offered solutions adapted to the features and needs of private companies in six industr

ies, including home appliances and pharmaceuticals, since setting up a supply chain finance department last year.

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hina to improve transport efficiency, reduce logistics costs

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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Internet celebrities and some KOLs (key opinion leaders) shar

user experiences and give good ratings for some niche products, so consumers get to know the

m, and young consumers tend to consider such recommendations. But product quality and personal pre

ferences ultimately influence consumer decision whether or not to buy a product,” Wang said.

The Alibaba report stated that among people who searched online

using the keywords “hair loss”, nearly 80 percent were male consumers. The largest nu

mber of buyers of hair care products came from Guangdong, Zhejiang, and Jiangsu provinces.

Online searches for hair care and hair growth products fluctuate through the year. In Ma

rch, they tend to rise a bit; in August, they tend to surge, and peak in November, the report found.

Last year, sales of anti-hair loss products on Tmall, Alibaba’s e-commerce platform for established brands, soared 100 percent, according to Tmall.

For instance, Hairmax, a hightech comb that boosts hair growth through use of laser beams, wa

s launched last year. It proved to be one of the best-selling items during the Singles Day shopping festival on

Nov 11. An anti-hair loss shampoo made in France, priced 888 yuan ($132.50), sold out fast.

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Top officials at the Confederation of British Industry and t

  he Trades Union Congress said Thursday that Britain faces a “national emergency” if politicians allow that to happen.

  ”Firms and communities across the United Kingdom are not ready for this outcome. Th

e shock to our economy would be felt by generations to come,” they wrote in a letter to May.

  McDonald’s (MCD) and KFC (YUM) joined with UK supermarkets to warn that crash

ing out of the European Union would disrupt supplies. Airbus has said that it would be forced to redirect future inv

estment away from the United Kingdom.What can the UK achieve in three weeks that it couldn’t in three years?

  The most obvious answer to this is, worryingly for some, not very much.

  While the European Union offered Prime Minister Theresa May — and her vision fo

r Brexit — a final lifeline this week, it did so with caveats and, crucially, harder deadlines than before.

  It’s these deadlines that European leaders hope will focus the minds of British la

wmakers as they return to the House of Commons to try and find a way out of the Brexit deadlock.

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