The bridge will greatly alleviate traffic burden on the First Beilun River Bridge three kilomet
ers away, which was previously the only means of shipping personnel and cargo to or from Dongxing Checkpoint.
Statistics from immigration authorities show that 12.19 million people and 47,056 vehicles passed over the old bridge in 2018, far beyond its maximum capacity.
The new bridge is now designated for freight vehicles, while the First Be
ilun River Bridge is reserved for personnel. This could save 30 minutes or more in custo
ms clearance time for each consignment, according to Huang Xiong, deputy chief of Dongxing Customs.
1.jpgIn early 2015, the Barack Obama administration tried desperately to block the United King
dom and several other European countries from joining the Asian Infrastructure Investment Bank by ac
cusing, without any basis, the then newly established bank of possible low environmental and governance standards.
The real reason, according to former US treasury secretary Larry Summers, was that the Obama adm
inistration could not secure any funding from the Republican-controlled Congress to join the AIIB. And to s
ave itself from embarrassment, the US administration tried to prevent European countries from joining the bank.
Democrats both as a blunder. Former US deputy secretary of state Robert Zoellick, who famously said that China should beco
me a “responsible stakeholder”, sighed that when China was playing the role of a responsible stakeholder, the US tried to stop it.
The US is trying to do the same again.
While the AIIB provides much needed infrastructure financing for countries, the China-propo
sed Belt and Road Initiative aims to build connectivity linking Asia, Europe and Africa. The initia
tive, which has been endorsed by more than 100 countries, is aimed at building roads, bridges, railways, ports and other infrastructure facilities, in ord
er to help expedite economic growth, especially in developing countries, which are often haunted by high youth unemployment.
And building roads and bridges, no doubt, will benefit the world much more than the 800-plus military bases that the US has built across the world.
However, when Italian Prime Minister Giuseppe Conte indicated that Rome would sign a mem
orandum of agreement with Beijing on the Belt and Road Initiative during President Xi Jinping’s ong
oing visit to Italy, the White House became furious again. Garrett Marquis, a White House National Security Council spo
kesman, called the BRI a “vanity project” and a debt trap. He even said the accord Italy planned to sign was “a political hazard”.
Bank of Beijing Co Ltd said on Friday that it has got the necessary board approvals for the esta
blishment of a joint venture with Netherlands-based ING Bank NV, in which the latter will be the majority partner.
With a total investment of 3 billion yuan ($448 million), the forthcoming joint-venture bank, whic
h is still waiting for regulatory approval, may become China’s first commercial lender in which a for
eign shareholder has a controlling interest. According to the plan, ING Bank will hold a 51 percent stake, and Bank of Beijing 49 percent.
Drawing on the experience of ING Bank in the successful development of direct ba
nking services, the joint venture will build a brand in the area of digital banking with the help of financial tec
hnologies and try to become a benchmark in terms of the implementation of China’s push to further open
up its financial sector to foreign investors, said the mid-tier commercial lender BOB in an announcement.
Different from the traditional counter-based model, the direct banking model uses e-cha
nnels to provide financial products and therefore has no restriction of time, regions or geographic branches.
d to the lowest level in almost a decade.
”The reason for this underperformance relative to the rest of the world is, I believe, the uncertainty surrounding the prospect of Brexit,” Ge
rtjan Vlieghe, a member of the Bank of England’s Monetary Policy Committee, said in a speech last month.
The pain has also been felt by households. The pou
nd plunged 15% against the dollar after the 2016 vote, pushing the price of imported goods hig
her. That spurred inflation and contributed to a decline in the value of people’s paychecks.
Executives have reacted to the uncertainty by attempting to Brexit-proof their businesses.
”It is clear that political inaction has already had economic consequences, with many firm
s hitting the brakes on investment and recruitment decisions as a result of ongoing uncertainty,” said Ad
am Marshall, director General of the British Chambers of Commerce, a business lobby.
mental illness and not go back to work until he recovered.”The utmost goal is like Zhuge Liang (of the Three Kingd
oms), who became a senior official to serve the country,” Shen said. “What comes second is to be like Du Fu (a reno
wned poet in Tang Dynasty known for his patriotism), who always puts the country’s and the people’s interests first.”
“Over the past 26 years, no one from the office has ever asked about me,” Shen told Red
Star News. The auditing office of Xuhui district hasn’t responded to comment as of press time.
Shen also denied online rumors that he graduated from Fudan University and once lost a daughter to a car crash.
“I have never been married, so how could I have a daughter,” he retorted. “Me, a Fudan graduate? Fudan was far out of my league.”
After days of being bombarded with visits and interviews from curious citizens or online streamers, who
are tapping into his sudden popularity for public exposure, Shen said he hopes he can be left alone so as to read more books.
A constant temperature of 27 degrees, a water bowl that never freezes, a comfy mat, and no dogs allowed.
Those are the amenities for felines in a neighborhood in Beijing’s Sh
unyi district, where stray cats can loll around contentedly all winter, nibbling food and sipp
ing water, safe from the weather and provided with love through an artificial intelligence platform. It is purrfection.
Wan Xi, an engineer at Baidu Brain－the open AI platform of Baidu－had the idea of build
ing a smart shelter for strays when he found a kitten huddled on his car tire in the winter of 2017.
Winter is rough for stray animals, as they require extra calories to stay warm. Only around 40 perc
ent of stray cats find enough food and shelter to make it through the harsh temperatures.
Although volunteers offer water, food and even heating pads to stray animals, Beijing’s freezin
g winters can turn a bowl of water into ice before a cat can drink. Many stray cats don’t live more than two ye
ars. Those that are not neutered or spayed face more health problems and spawn more homeless cats.