Hainan’s hybrid seeds sprout along Belt, Road

Island province ‘will ensure’ that Boao Forum continues to promote cooperation

The international exchanges and cooperative efforts prompted

by the Boao Forum for Asia are turning Hainan province into the Silicon Valley of seeds for co

untries involved in the Belt and Road Initiative, according to a Hainan government official.

More hybrid rice seeds cultivated by Chinese scientists at the Nanfan Scientific and Rese

arch Breeding Base in Hainan are being introduced to ASEAN countries. The total combined area of hyb

rid rice cultivation in India, Vietnam, the Philippines, Pakistan and Indonesia – major rice-growing countries – has reac

hed 4.28 million hectares, said Wang Sheng, director of the Foreign Affairs Office of Hainan province.

Wang spoke at a news conference on March 19 before the Boao For

um for Asia 2019 Annual Conference in Boao, Hainan, which ends on Friday.

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We have sent farming experts to hybrid rice growing are

s overseas, and we give local farmers guidance, training and planning for future develop

ment,” said Xie, who has worked as an expert in Vietnam, Myanmar, Cambodia and Gambia.

Under the Boao Forum framework, Hainan has created a series of subforums, such as the

ASEAN-China Governors/Mayors Dialogue, the 21st Century Maritime Silk Road Island Economy subforum, the South China Sea su

bforum, the Roundtable Discussion for Overseas Chinese Business Leaders and Chinese think tanks, Wang said. “These diplo

matic platforms serve as new bridges to promote practical industrial cooperation between BRI countries.”

Activities at the Boao forum this year will highlight land and sea interconnectivity betwee

n BRI countries. Invitations will be sent to overseas participants to share in building a pilot free trade zone in Hainan.

Hong Kong youth groups will be invited to Hainan to see space satellite launch facilities, deep-sea science and techn

ology, seed breeding and other fields. Invitations will be extended to young people from ASEAN countries, Lanc

ang-Mekong river nations and BRI countries to promote people-to-people understanding, Wang said.

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streamline certain fees related to ports, highways and airpo

he said. In addition, the ministry will step up its efforts to manage the effects of eliminating highway toll stations at provincial boundaries.

The ministry also called for small and medium-sized enterprises to forge alliances for common development to consolidate the fragmented logistics sector.

In recent years, China’s logistics industry has been experiencing consistent growth on the back of steady economic progress and a rising domestic market. Accor

ding to the National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, am

ounting to 14.8 percent of last year’s national GDP. The share was slightly up from the previous year.

The logistics sector is of strategic importance in the development of the market econom

y, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It redu

ced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.

China ranked 12th last year in the World Bank’s logistics performan

ce index covering 160 countries and regions. China’s position has moved up 15 places since 2016.

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Her remarks were based on a Deloitte research, named

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.

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hina urges UK to stop interfering in Hong Kong’s affairs

China on Thursday urged the United Kingdom to respect China’s sovereignty and stop interfering in Hong Kong’s affairs.

Foreign Ministry spokesperson Geng Shuang made the remarks after the UK government released its latest six-monthly report on Hong Kong.

“We urge the UK to face the reality that Hong Kong has returned to China for 22 years, respect China’s s

overeignty, stop releasing relevant reports, and stop interfering in Hong Kong’s affairs,” Geng said at a press briefing.

It is undeniable that the “one country, two systems” practice has achieved widely-acknowledged success, he said.

“Hong Kong’s affairs have been entirely China’s internal affairs since

July 1, 1997. The British side has no right to make irresponsible remarks or interfere with any excuses,” Geng said.

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Top court’s new IP tribunal upholds French firm’s patent

The top court on Wednesday ruled in favor of a French global automotive supplier in a patent dispute

with two Chinese car accessory companies amid the country’s intensified efforts to protect intellectual property rights.

It was also the first public hearing by the Intellectual Property Court of the Supreme People’s Court since the special court was set up on Jan 1.

Valeo Systemes d’Essuyage, one of the world’s leading auto component providers, sued X

iamen Lukasi Car Accessories Co and Xiamen Fuke Wiper Co, two companies based in Fujian pro

vince, claiming infringement of Valeo’s patent on a connector for windshield wipers.

An IP court in Shanghai reached a verdict on Jan 22 finding that the two Chinese companies must cease their infring

ement. The two companies appealed to the top court, insisting that their products did not infringe on Valeo’s patent rights.

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There is “more appetite” among them for western arts ac

oss the period, be they old masters’ paintings, impressionist, or modern and contemporary, he said.

The second trend is that Chinese and Asian markets continue to grow and flourish

despite short-term macroeconomic challenges the world is facing, Belin said.

“We continue to see strong appetite for collecting and strong growth.

We continue to see a very strong demand and we do see (in Asian Art Week here) very stro

ng buying appetite from our clients; a depth of biding that even surprised ourselves,” he said.

The third key trend in Asia is growing number of young collectors, Belin said.

“There are more young billionaires in Asia than we have in Europe and in the U.S., and that’s also reflected in collec

ting, which is very exciting for Christie’s, because we can bring our clients much earlier on the collecting journ

ey with the best art across the world. And we can accompany them for even longer time in their journey.”

The flourishing Chinese culture market represents “fantastic opportunities” for Christie’

s and the auction house always attaches greater importance to the Chinese market, said the senior industry leader.

Being the first international fine art auction house to be gran

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The study shows that nearly 20 large enterprises have spli

their business by locating the post-Brexit hub for one division in Frankfurt or Paris, and another in Dublin or Lux

embourg. The most obvious example is Bank of America Merrill Lynch, which has chosen Dublin as the EU hub for its bank

ing business, and created a new entity in Paris, which will be the hub of the its markets business.

Kieran Donoghue, the global head of international financial services, strategy and public

policy at IDA Ireland, an agency responsible for attracting foreign investment into that country, attributed the “m

ultipolar” scenario to the fact that no single financial center in Europe has the full and unique set of capabilities that London has.

“What makes London unique is that it has such a deep and broad set of capab

ilities in servicing the insurance, the asset management, and the investment banking industries, and none of t

he European financial centers has the same range of capabilities that currently reside in London,” Donoghue explained.

Nearly half of asset managers, hedge funds, and private equity companies in the re

port have chosen Dublin as the location for their post-Brexit operations, while more banks have chosen Frankfurt as th

eir main EU hub. Many are also expanding their markets business in Paris or adding staff in Amsterdam, Madrid, or Milan.

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Chen, who worked outside of Guizhou for many years

ow works in the village as a manager of the dendrobium planting base.

“It’s wonderful that our village has an industry now, so I don’t have to leave my hometown anymor

e. Life is much more comfortable than in the past,” said Chen, adding that she now earns a monthly salary

of more than 3,000 yuan ($446). She can also cycle to work in just a few minutes and can take care of her two children and elderly mother-in-law.

“Without competing with agriculture, planting the dendrobium can liberate good fields,” Chen

said. “Without harming the grass or trees, we can achieve harmonious coexistence. High mou

ntains and deep forests do no harm to the plant, but can help restore authentic herbs.”

The period for flower gathering lasts from April to June every year, and the fresh branch picking period is from Novemb

er to March. Residents from the neighboring area can all come to work at the base, and a skilled worker can earn up to 500 yuan a day.

“Last year, the salaries we paid totaled more than 4 million yuan,” said Ruan, adding that the

re are always job vacancies at the base. During the peak picking period, more than 200 workers are needed every day.

As the cultivation features “zero chemical fertilizer, zero chemical pesticides, zero hor

mones, and zero transgenics”, dendrobium produced in Zhegui finds a ready market.

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hina to further improve business climate focusing on weak links

China will work harder this year for a more enabling business environment by tackling areas of weakness to better energize the market and stimulate social crea

tivity, the State Council’s executive meeting chaired by Premier Li Keqiang decided on March 26.

The Chinese government puts great emphasis on improving the business climate. General Secretary Xi Jinping stressed the need to improve the investm

g said in the Government Work Report this year that the government will work to energize market entities, and mainta

in and increase their level of activity by improving the business environment and cutting institutional transaction costs.

The meeting on March 26 called for redoubled efforts to tackle the pressing issues an

d measure up to advanced standards in fighting the tough battle of improving the business environment.

The government will further streamline administration by cutting procedural requirements, includ

ing shortening the negative list on market entry, separating business licenses and operating permits, simplifying the review process for const

ruction projects, and reducing the types of industrial production permits. The goal is to cut the time required for starting a busines

s to within five working days, and for companies to access electricity service to within 45 working days before the end of this year.

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