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industries develop fast, and new sectors have been emerging, such as unmanned warehousing, facial recognition payments and new online-to-offline groceries.”
Meng also said that a new version of the nationally unified negative list for market access will be rolled out w
ithin the year. Illegal or implicit entry barriers and locally issued negative lists will be canceled, she said.
The Chinese authorities will also establish and refine mechanisms for adjusting the annually released
list when necessary, she said, adding that the list will better cope with the reforms to delegate power, streamline ad
ministration and optimize government services, and will better meet the needs of market entities for broader access.
Wang Yuanhong, deputy head of the Department of Economic Forecas
ting at the State Information Center, said the fast growth of high-tech industries and the
service sector reflects the ongoing upgrading of traditional industries and the optimization of C
countries should be mindful of these projects’ impact on the environment and inhabitants.
“It is encouraging that the government of China is taking proactive measures to ensure tha
t the development of the Belt and Road Initiative is risk-informed and sustainable,” she added.
“Disaster-proofing the world’s largest infrastructure initiative is a challenge, but achi
evable,” she said, adding that at the heart of this challenge lies great potential for innovation and creativity, suc
h as new disaster risk prediction and analysis, and disaster-resilient infrastructures.
Huang Runqiu, vice-minister of the Ministry of Ecology and Environment, said disas
ter risk reduction of natural hazards along the initiative is crucial for its success and sustainability.
Regions at the heart of the initiative, such as the Tianshan-Pamir Plateau, the H
imalayas, eastern parts of the Qinghai-Tibet Plateau and South Asia, are facing serious
disaster threats due to tectonic movements, fragile ecosystems and extreme weather, he said.
A college admissions cheating scheme in the United States has triggered widespread discussio
n among Chinese netizens during the four-day May Day holiday after it was reported that a w
ealthy family paid $6.5 million to assure their daughter’s admission to Stanford University.
Billionaire Zhao Tao, 52, president and co-founder of Shandong Buchang Pharmaceuticals, a company that spec
ializes in traditional Chinese medicine to fight cardiovascular disease, reportedly funneled money to William Ric
k Singer, the admissions consultant who is at the center of the explosive case brought by US federal prosecutors.
The executive’s daughter, Zhao Yusi, also known as Molly Zhao, got a spot at Stanford University by presenting h
erself as a recruit for the school’s sailing team. The price was $6.5 million, according to the Los Angeles Times.
Zhao’s mother, identified as Mrs Zhao in a statement delivered through her attor
ney, said the family gave $6.5 million to Singer for the school’s scholarship fund and other purposes.
he bank, said: “Using big data, artificial intelligence and internet technolo
gies, we built a platform based on real transactions to meet the financing needs of private
enterprises, and realized synergies between finance and industries via smart risk management.
“Enterprises need a series of services, including financing, settlement, asset management and sup
ply chain management. Our bank is looking to offer comprehensive financial solutions, not just f
inancing solutions, so as to join hands with companies in building industrial chains and ecosystems.”
Shi Jie, executive vice-president of China Minsheng Banking Corp, said
far-reaching changes have taken place in terms of the market and clients in the past t
wo years. Bankers now have a deeper sense that the financial demands of private enterprises have eased.
“The biggest challenge is whether or not we really know our clien
ts. Only by truly understanding our clients will we be able to provide the right financial solutions that
meet the needs of private enterprises and offer them a superior customer experience,” Shi said.
tem and become an independent practitioner in the hope of providing better treatment to patients and earning a higher income.
Today, Zhang is not only a vascular surgeon, but also the founder and head of Dr. Smile M
edical Group, China’s first group medical practice, which he established in Shanghai in July 2014.
Back then, group practices, in which doctors partner together to offer medical servic
es to patients and share operational costs, was a fairly new concept in China.
But in many other countries such as the United States, group medical practices are c
ommon for doctors who work independently instead of being employed by hospitals.
Since 2014, group practices have sprung up across China, and many established doctors have left hospitals to start their own practices.
A recent example is Zhou Yuehua, one of the most acclaimed eye surgeons in China, who made headlines when he left the re
puted Beijing Tongren Hospital at the end of 2018 and founded Zhou Yuehua Myopic Doctor Group in Beijing.