Chinese professionals are abandoning Silicon Valley as the latter is gradually losing its charm to foreign staff, Chinese news site yicai.com reported on Monday.“Obviously China has larger market and more opportunities,” said Chen Yuemeng, founder of a Shanghai-based start-up company who worked in Silicon Valley for 10 years before returning to China in 2013.Silicon Valley was once the dreamland for Chinese tech professionals. However, in recent years, the rapid development of science and technology in China has brought tremendous changes to the domestic business environment, consumer market, ...
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About 1,500 workers finished building a railway for a new train station in less than 9 hours in Longyan City, southeast China’s Fujian Province, showing “China speed” to the world once again.The workers worked on the construction site of Longyan Railway Station to join three existing railways to a form a new railway linking Nanping and Longyan of the province. The railway will cut the travel time between the two cities to only 1.5 hours from 7 hours after it goes into operation.Foreign media marveled at the construction speed China has shown to the world.
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2018
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BEIJING - Light to moderate smog will blanket parts of northern, central and southwestern China from Sunday to Wednesday, the top observatory said Sunday.Affected regions include Chongqing municipality and provinces of Anhui, Hebei, Henan, Shanxi, Shaanxi and Sichuan, said the National Meteorological Center.Some areas may be hit by heavy smog, the center said.The authority added that smog in Sichuan and Chongqing will abate or even disappear from Monday night under the influences of cold air and rain.Local authorities in Sichuan and Chongqing on Sunday issued alerts for foggy weather, warning ...
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BEIJING - China's banking regulator said it will toughen regulation on the banking sector this year in a move to defuse financial risks.Priorities of the work were listed in a statement of the China Banking Regulatory Commission (CBRC) Saturday, including shadow banking supervision and consumer protection.Risk control will be strengthened in interbank activities, financial products and off-balance sheet business, according to the statement. Violations in corporate governance, property loans, disposal of non-performing assets and other key areas will also face stricter punishment.
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2018
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China will not set a binding growth target in the development plan of the Guangdong-Hong Kong-Macao Greater Bay Area, which will be released early this year, but will use a number of indexes to measure key fields such as innovation and trade, according to a former vice-minister of the nation's top economic regulator.
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2018
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