enced the renminbi’s performance, said Wang Shengzu, co-head of Investment Strategy Group Asia Goldman Sachs.
But the currency is unlikely to slip out of a reasonable range, assuming there is no big shock from the trade talks, Wang said.
As a sound base for a stable renminbi, “the Chinese economy has shown sig
ns of bouncing up, shown by the faster-than-expected growth of industrial output, ret
ail sales, and credit in the first quarter, and this means that economic activity is improving with supportive pol
icies”, said Wang.Liu Shiyu, China’s former top securities regulator, was under investigation for alleged violations of
the law, according to a statement Sunday from the Central Commission for Discipline Inspection.
she buys cosmetics, handbags and clothing from top brands through cross-border e-commer
ce platforms every month. Sometimes, she drives for one to two hours to neighboring bigger cities, such a
s Wuxi in Jiangsu, and Shanghai for shopping. She also plans two or three overseas trips every year.
“I don’t have any housing or car loans, and don’t have to worry about daily costs, as I live with my parents. I usually spend all my sa
lary on daily consumption and entertainment, which is quite common for people such as myself,” she said.
Jason Yu, managing director of Kantar Worldpanel, said small-to
wn youths look to the internet for the latest information, products and lifest
yles. The gap between young people in lower-tier cities and those in metropolises has narrowed greatly.
“Small-town youths now have broader horizons, are well informed, and some have even started to lead ‘avant-garde’ lifestyles,” he said.
Zhang Tianhang, a pet photographer based in Beijing, has taken photos of over 10,000 stray animals over the past eight ye
ars. Working with animal shelters, he is determined to raise people’s awareness of these abandoned pets and find them a new home.
“You won’t believe these are photos of the same dog,” Zhang said, pointing at two picture
s showing a dog before and after a complete makeover. “The animals feel so much happier if someone cares for them.”
This lucky dog got adopted by Chinese actress Gao Yuanyuan, whic
h made Zhang believe in his cause even more. “Every dog is adorable. We want people to
see that and give them a home,” he said. “You just need to connect with the animals, let them trust you.”
Many of Zhang’s “models” have been adopted by local people, and
some even start a new life overseas. Zhang hopes more people will consider adoption ins
tead of buying a pet at the store. “It’s a very big responsibility, usually over 10 years,” he said.
ly concentrated in first and second-tier cities. “JD has missed the good opportunity to expand its third-party logisti
cs business, and there is little room for growth owing to the fierce competition in the segment.”
In October, JD launched parcel delivery services for individuals in 17
cities including Beijing, Shanghai, Guangzhou and Shenzhen, and later extended it to 31 citie
s. In order to use the service, customers would ask for a pickup through the firm’s app.
Yang Daqing, a researcher at the China Society of Logistics, said such adjustm
ent will bring about some negative effects in the short term, but if JD Logistics ha
ndles the issue properly, it will become more competitive after the transformation.
Apart from the salary cut for the delivery unit, JD is seeing a r
ound of shake-ups on its management team. Following recent resignations of its chief technology of
ficer Zhang Chen and chief legal officer Long Yu, the tech giant announced last week that L
am. Following recent resignations of its chief technology officer Zhang C
hen and chief legal officer Long Yu, the tech giant announced last week that L
prise is not compared in Beijing’s road test report, avoid
ing data fraud and guiding the enterprises to pay attention to safety, accumula
te road test experience and industrialize scientific and technological achievements.
Focusing on safety and overall performance, Beijing’s road test report evaluates the self-driving capability of a mass o
f cars with at least 100,000 km traveled with no accidents and under diverse conditions.
The travel of one or two self-driving cars is easy, while dozens or hund
reds of cars running at the same time is another story. It re
quires high vehicle stability, reflecting the capabilities of the companies, including their vehicle integra
tion technology and the software-hardware integration technology, according to Ga
sgoo.s a basic threshold of autonomous driving, traveling 100,000 km without an accident demon
strates self-driving capability, the level of quality control system and safety test management, Gasgoo reported.