n for a year, but some on Brady’s committee had pushed for those rules to be change d in order to try to force her out earlier if she refused to set out a clear departure date. Boris Johnson, the face of the campaign for Britain to leave the Europea n Union, said he would stand as a candidate to replace May as Conservative leader. May’s Brexit deal has been rejected three times by parliament, and weeks of talks with the opposition Labour Party, the idea of which was deeply unpopular with many Conservatives, have failed to find a consensus on the way forward. ARead More →

The emerging service sector also grew very fast, Meng said. In April, the information transmission industry, along with software and inform ation technology services, grew 25 percent year-on-year, 17.6 percentage points higher than the national index of services. Online retail sales amounted to 3.04 trillion yuan ($440.2 billion) in the first four m onths, a year-on-year increase of 17.8 percent. Around 17.07 billion parcels were delivered, up 24.8 percent over last year. She said the transformation of traditional industries is speeding up as they combine with information technology. “Through implementing national big data and internet plus strategies, internet, big da ta, and artificial intelligence technologiesRead More →

cted by the China Consumer Association from December to March, which included mor e than 1,700 students from elementary, junior high and senior high school. According to the report, most elementary school students were first exposed t o the internet in third grade, and these 9-year-old students accounted for 32.2 percent of th e total. For junior high school students, most had their first online experience at the age of 12 years in grade six, a nd these students comprised 21.7 percent. Among high school students, the peak period to access the internet fell duri ng their first year in junior high school, with theseRead More →

en he visited a museum of broken relationships in Chengdu, capita l of Southwest China’s Sichuan province, with two friends in January. They tho ught it would be a good thing for Taiyuan to have a place for people to bury souvenirs from a failed relationship. They acted fast and opened the museum after three months’ preparation. The world’s first museum of broken relationships was founded in Croatia in 2006 by two artists, who ended their four-year relationship and got the idea of setting up a museum to house their leftover personal items. China has several museums of broken relationships now, in Nanjing, Chen gdu,Read More →

le in driving China’s economic and social development. “We need to upgrade our internet services. This is a key measure t o boost consumption and meet the needs of our massive cellphone users,” Premier Li said. Participants at the meeting agreed that upgrading and expanding the cap acity of internet infrastructure should be an important area in boosting effective inves tment. By the end of this year, fiber-to-the-home (FTTH) ports relative to all broadband ports will be raised to more th an 90 percent, 1,000M broadband will be extended to more than 300 cities, and base stations for mobile internet will be upg raded withRead More →

Praising Tianjin’s efforts and achievements in intelligent sc ience and technology, Liu Chuanzhi, board chairman of Legend Holdings Co Ltd, pred icted the city will make a qualitative leap in two to three years by combining intelligent technologies with manufacturing. Liu, also founder of Chinese computer giant Lenovo, said his company, like Tianjin, considers intelligent technology a new imp etus. Lenovo is working on many intelligent applications and has invested in many high-tech ma nufacturing enterprises. It uses various artificial intelligence-driven algorithms and machine learning to ana lyze the data of its supply chain system, using it to optimize Lenovo’s new intelligent spare parts supplyRead More →

nment debt management and stable economic growth, especially at a time when trade te nsions with the United States have imposed more downward pressure, said economists. More financial resources and investors will be involved in the debt resolution process, said Qiao Baoyun, head of the Acad emy of Public Finance and Public Policy at the Central University of Finance and Economics. The last round of local government debt swaps started in 2015 and ended in August 2018, w hich saw 14.34 trillion yuan ($2.08 trillion) of local government debt being swapped into bonds. Local governments are set to face more debt burden in the nextRead More →

magazine of the Communist Party of China Central Committee. He said more efforts a re needed to implement the proactive fiscal policy and boost efficiency this year. Preventing and defusing local governments’ hidden debt risks is key to controlling major risks, he said. Innovative financial tools will be introduced for debt swaps, and the indebted comp anies will be allowed to choose the same way, under guidance from the local governments, Liu Shangxi, hea d of the Chinese Academy of Fiscal Sciences, the Ministry of Finance’s think tank, told China Daily. “The total amount of hidden debt waiting to be swapped has not yet beenRead More →

hina attaches great importance to innovative development, and it considers new generation artificial intelligence as the driving force for scientific and technolo gical development, industrial optimization and upgrading as well as major productivity improvements while it s trives to achieve high-quality development, President Xi Jinping said on Thursday. Xi made the remark in a congratulatory letter to the World Intelligence Congress, which opened in Tianjin. The president noted that AI is having a significant and far-reaching impact on economic development, social progress and gl obal governance. He expressed hope that participants at this third congress strengthen exchanges, enhance con sensus and step up cooperation toRead More →

e online users double from 5.7 million in 2017 to 15.3 million in 2018. Insiders say as Chinese parents increase their spending on education, online education gets more recog nition and China’s internationalization progresses, online course users will keep growing, The Beijing News reports. The report echoes their opinion. Data from the report shows that the penetration rate of online education rose from 0.8 percen t in 2015 to 9.1 percent in 2018, up 11 folds within four years. It’s projected that the penetration rate will reach 12 percent in 2019. New users go for top brand Data from the report shows the market shareRead More →