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.
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.
Boeing 737 MAX 8s were delivered, and went down just minutes after taking off, within five months of each other, they have some degre
e of similarity,” the administration said in its statement. The administration grounded all Chinese Boeing 737 MAX 8 jets on March 11.
“With China suspending the airworthiness certificate for the Boeing 737 MAX 8, domesti
c airlines are unable to purchase this model,” Li said, adding that it will undoubtedly cause great economic losses to Boeing.
As of the end of January, the Boeing 737 MAX family had 5,011 orders worldwide, of which 3
50 had been delivered. More than 420 orders came from China, with 96 already in commercial operation.
The future of the commercial aviation market in China is very exciting, Li said, and no othe
r country has more demand for aircraft. But safety questions are hindering Boeing, Li said.
A Southwest Airlines Boeing 737 MAX 8 heading to the California desert for parking during a global ban of the aircraft m
ade an emergency landing on Tuesday due to an engine-related problem shortly after takeoff, according to the carrier.
More than 200 major generals of the People’s Liberation Army Ground Force simultaneously took part in a recent examin
ation held across the nation, marking the Ground Force’s first large-scale test of its high-ranking commanders.
The examination was arranged by the Ground Force headquarters and was held earlier this month in seven loca
tions – Beijing, Fuzhou, Nanning, Lanzhou, Jinan, Urumqi and Lhasa. The largest test site was at the Ground Force Acade
my of Armored Forces in Beijing with 52 examinees, according to a statement from the Ground Force.
Experts from PLA National Defense University and inspecto
rs from the Ground Force’s disciplinary committee supervised the examination.
Participants were mostly made up of major generals and some senior colonels – commanding officers from
departments under the Ground Force headquarters, academies, schools, regional branches and training and test bases.
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
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.