World’s widest immersed channel takes shape

The first tube of the world’s widest immersed channel is expected to be put in position of a mega bridge across the Lin

gding Bay at the mouth of the Pearl River in South China soon, according to an assistant chief engineer of the project.

Yang Runlai from CCCC First Harbor Engineering Co Ltd said Thursday that workers are preparing

for the connection of a tunnel end on an island with the first immersed tube, the Science and Technology Daily reported.

Yang’s company took charge of constructing an island and major part of the tunnel of the Shenzhen-Zhongshan Bri

dge, another mega project of bridge, island and tunnel after the Hong Kong-Zhuhai-Macao Bridge (HZMB).

The new project, 38 kilometers from the HZMB, is 24 kilometers long. It has the immer

sed tunnel in the east and the bridge section in the west to ensure the sea routes there.

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Huawei’s rotating head addresses UK security concerns

Huawei’s rotating Chairman Guo Ping addressed UK’s securit

y concerns after the Chinese telecommunications company was criticized in a report on Thursday.

Huawei’s performance in the past 30 years has proven it has the best security record in the industry, Guo said at a press conference in Beijing on Friday.

The results from authorized professional test and evaluation companies in the US, UK and Finland show 9 out of 12 profes

sional capabilities of Huawei’s products have reached the top level and the other three are above average.

Huawei accepted the strictest and toughest tests from UK’s monitoring institution and was th

e first to promise worldwide that the company will make the process and results secure and trustworthy, Gao said.

The company’s board of directors made a decision to invest $2 billion to improve overall sec

urity capability in the next five years with openness, sincerity and trustworthiness, he added.

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Since 2015, more than 100 foreign experts and students

 from countries involved in the BRI have visited Hainan annually to study agricultural technology, including Nanf

an’s breeding program, which is “playing the role of Silicon Valley for the country’s seed industry”, Wang said.

Hainan’s climate and biological resources have made Nanfan an important nation

al center of seed propagation. Every winter, more than 7,000 domestic agricultural scientists and

workers are busy at the Nanfan centers. More than 70 percent of the country’s 7,000 crop varieties have been culti

vated in the tropical island province, which is building a global resources center, National Business Daily reported.

“With good stress resistance and higher yields, hybrid rice seeds developed by Nanfan’s ce

nters are being welcomed in Southeast Asian countries,” said Xie Zhenyu, an assistant research fellow at th

e Research Institute of Tropical Crop Germ Plasm under the Chinese Academy of Tropical Agricultural Sciences.

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onfidence to tackle technology challenges risings better

Chinese business leaders are more confident and prepared in addressing the challenges brought by new technologies than

those in many other countries, said Cindy Hook, CEO of Deloitte Asia-Pacific, a global consultancy firm, on Thursday.

While many business leaders in the rest of the world take a protective approach to using technologies, Ch

ina’s leaders would like to “disrupt their sectors” and facilitate real changes, Hook said on the sidelines of the Boao Forum for Asia.

“Chinese enterprises are looking at the technologies available-whet

her it’s artificial intelligence, big data or the like-to actually come up with whole-new busi

ness models and whole-new approaches to doing things, not just improving the old processes.”

With the readiness for technologies, China is likely to lead on many aspects of the unfol

ding Fourth Industrial Revolution, such as e-commerce, smart cities and the internet of things, Hook said.

The country’s impact on the revolution will be enlarged by its opening-up determina

tion, she added, citing the fresh opening-up measures announced by Premier Li Keqiang at the forum on Thursday.

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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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Considering that the two accidents took place after ne

 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.

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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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Her business enabled her to live her dream; every mornin

 she opened the windows, breathed clean air, and the surroundings were often bathed in su

nshine, with beautiful flowers dotting the lake as waterfowl paddled on the surface.

However, in 2017, the local government ordered all 2,400-plus hotels, guesthouses and

restaurants around the lake to close until they had been checked and the authorities confirmed they had all the permits required.

With the tourism industry expanding rapidly in Dali, wastewater and garbage were often found being disposed of directly into

the lake due to insufficient or dilapidated facilities on the shore, creating one of the lake’s major sources of pollution.

Since October, a widespread environmental campaign has escalated and more t

han 1,800 lakeside properties within the protection zone – including 540 guesthouses – have been demolished.

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resident Mu Yi moved to Dali after careful planning a

d visits to the city with his wife.

He said he decided to relocate 2,100 kilometers from the capital due to heavy smog, which ha

d caused him serious discomfort. But more important, he wanted to change his way of life.

The 45-year-old worked for a State-owned company in Beijing before moving. Since 2001, he had

been sent abroad by his company to work in countries such as Sudan, Ecuador, Iran, Syria and Iraq as chief manager for busi

ness development. However, he faced great pressure, both from work and security problems.

Mu said he had several narrow escapes from bomb attacks near his office in Iraq, where he worked for seven years.

When he returned to work at the company’s Beijing headquarters in 2015, he found he could n

ot adapt to life in the city. He had to travel for a total of three hours each day on the subway between home and work.

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Stress-busters in demand as life gets hecticia platforms

Sales of anti-hair loss products, sleeping pills and aids show market revival

Chinese born in the 1990s, long troubled by hectic lifestyles marked by working till late, heavy

workload and career-related pressures, have a new problem to deal with: hair loss.

But certain manufacturers are sensing a big business opportunity

as products that promise to cure or prevent hair loss are seeing something of a revival.

Last year, among consumers who bought hair care and hair growth products on e-commerce platforms of Alib

aba Group Holding Ltd, 36 percent were born after 1990, and more than 38 percent were born between 1980 and 1990.

Middle-aged and senior consumers showed lower-than-expected demand for hair c

are products, according to a report by AliHealth, the health and medicine unit of Alibaba Group.

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