ered a barometer of innovation and entrepreneurship.

The majority of China’s unicorns are based in Beijing, Shanghai, Hangzhou and Shenzhe

n, with a combined number of 156, 19 more than the previous year and accounting for 77.2 percent of the total.

Nanjing, Guangzhou, Wuhan and Qingdao are new gathering places for unicorns, the report said.

Driven by global capital, China’s unicorns have accelerated the pa

ce at which they go public, with unicorns now taking an average of 71 months to IPO.

From January 2017 to May 2019, 36 unicorns were listed on the global stock market, with eight in 2017 and 21 in 2018.

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embers. If its members cannot reform the architecture and resolve the key issues, they may all end up in various regional groups.

“Many bilateral tensions or challenges countries are facing today requir

e a multilateral response, and WTO reform is definitely needed, especially in the area

s of trade and investment,” said Xue Rongjiu, deputy director of the Beijing-based China Society for WTO Studies.

Chen Fengying, a senior economics researcher at the China Institutes of Contemporary Internationa

l Relations, said the US government seems to have made driving WTO reform its priority so that the country can claim the high gr

ound in global trade and lead the process for making new rules and establishing a new global trading system.

This move poses a challenge to the WTO and its basic principles including that of most favored nation status and national treatment, she said.

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powerhouse in the future, even though Chinese filmmakers have to hone their skills and g

ive life to attractive and meaningful stories on screen in order to compete with the world’s best.

Filmmakers should focus more on publicity

Li Guomin, adviser to China Film Association and Changchun Film Group Corporation

That China has produced some excellent films, including the Red Sorghum, Farewell My Concubine and The Wan

dering Earth, while allowing foreign films to be screened in the country demonstrates both its cultural inclu

siveness and independence, without which the Chinese movie market could not have become so vibrant.

In some sense, China has made more marked achievements in reforming and developi

ng its film industry than most other countries, including India that is known for its Bollywo

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 integration-trade, investment and finance-began benefiting large emerging and developing econ

omies. To be sustainable, globalization cannot serve just a few wealthy advanced economies. It m

ust also serve poorer and faster-growing economies, which today account for most of the global growth.

So, by flirting with trade protectionism and punitive tariffs on imports, adva

nced economies are seeking to implement the wrong policies at the wrong time. As the adv

anced countries have fallen into secular stagnation, they desperately need growth. Therefore, the rise of poorer eco

nomies is not a win-lose game, because it benefits the advanced economies, too.

In the aftermath of the 2008 global financial crisis, all major advanced econom

ies would have faced another Great Depression without the support of large emerging economies, particularly Ch

ina. And the contribution of these countries to global GDP growth is expected to climb to 80 percent by 2050.

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cus”, keeping it prudent while the liquidity should be at a reasonably adequate level, it said.

Financial policies are required to further support small and private companies, and fun

ding through the capital market is supported by the authorities, according to the statement.

The central bank had skipped open market operations for 15 conse

cutive working days until Monday. “Reasonable and adequate liquidity in the banking syste

m” was the main reason for the absence of open market operations, according to a statement from the central bank.

To cut or not to cut the RRR, a strong tool for liquidity adjustm

ent, has become a hot topic since April, not only for investors, but also for policy advisers.

Divergent opinions are spreading among a broader group of market observer

s. The market is trying to get more indications from the monetary authority, although the C

hinese central bank barely sends any hints on possible monetary policy operations before taking action.

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officers involved this morning who responded swiftly to this incident and put thems

elves in harm’s way, as they do every day, to keep the people of London safe,” Walker said.

The police said the incident was not related with terrorism.

According to media Sky News, police opened fire on a vehicle outside the Ukrainian emb

assy after the driver deliberately rammed into the official car of the country’s ambassador to Britain.

“The ambassador, Natalia Galibarenko, was not at the embassy at the time and no other staff were injured,” said the report of Sky News.

The 16th Chinese Bridge, an annual Chinese proficiency contest for school kids, college

students and adult learners of Chinese, was held at the University of Latvia Friday and Saturday.

This year’s competition, themed One World, One Family, gathered 64 contestants

in total in Latvia, including 14 in the adult group, 24 in the high school group and 24 in the primary school group.

The contestants were required to demonstrate their Chinese language skills by introducing themselves and m

aking speeches on various topics in Chinese, participate in a quiz on Chinese culture and perform in a talent show.

Each division, namely college students, high school students and

primary school students, has three groups of senior, intermediate and junior.

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e before Britons would have to vote in a May 23-26 election to the European Parliament — a condit

ion for the country to remain a member of the bloc beyond June 1 under the EU’s accord.

Many leaders had wanted a much longer extension, to the end of the year or even next March, but French President Emma

nuel Macron mounted stiff resistance throughout the evening, eventually forcing the compromise.

Macron questioned May’s ability to persuade parliament to her treaty, EU officials sa

id, and said that a tighter deadline would focus British minds. Others argued that an even longer exten

sion could spook May’s pro-Brexit critics into backing her deal for fear Brexit might stall.

Leaving at midnight on Oct 31 — Halloween, as social media commentators wer

e quick to note — would correspond with the end of the mandate of the present EU executive Commission.

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to the “pro-independence” DPP, it will embolden the Tsai authorities to take more risky acti

ons, and thus damage cross-Straits ties further, harming the interests of Beijing and Washington both.

US Congress members are elected by American voters as their representatives and, ther

efore, they should always put the interests of their people and country first. And instigating the Tsai authorities to fu

rther damage cross-Straits ties certainly doesn’t serve the interest of either American voters or the US as a country.

The author is a professor at the Institute of Taiwan Studies, Beijing Union University. The views don’t necessarily repre

sent those of China Daily.President Xi Jinping and Italian Prime Minister Giuseppe Conte (both seated), witness the

signing of a memorandum of understanding on joint construction of the Belt and Road between He Lifeng, head of the N

ational Development and Reform Commission, and Luigi Di Maio, Italian deputy prime minister, in Rome on Saturd

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  r Monday to UN Secretary-General Antonio Guterres calling for the UN Security Council to drop the sanctions, North Korean state media reported.

  ”The ‘sanctions resolutions’ of the Security Council aga

inst the DPRK (North Korea’s official name), that prohibit even the shipment of computers and o

ther electronic devices widely used at societies and homes of today, are indeed the action against humanity to dest

roy modern civilization and turn the society back in a (medieval) dark age,” the letter read.

  The issue of sanctions has been a key sticking point in talks between Washington and Pyongyang.

  North Korean Foreign Minister Ri Yong Ho said North Korea asked for removal of five of the 11 sets of sanctions levied

by the United Nations — those that “hamper the economy and the livelihood of our people.”

  But the Trump administration has said that price was too steep for what North Korea was offering.

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BEIJING — One more of China’s most wanted graft fugitives has returned to China and turned h

erself in 17 years after fleeing overseas, China’s top anti-graft authority announced Saturday.

Li Jianxiong, a former real estate transaction official at Nan

hai district of Foshan city in Guangdong province, is suspected of graft crime.

The procuratorate in Nanhai district started investigating his cas

e in July 2002, two months after he fled. Li was listed on an Interpol Red Notice in May 2003.

Through work by an office in charge of fugitives and asset recovery under the central anti-

corruption coordination group, he turned himself in Friday.

 China’s workplace safety record has improved, with the number of accidents and fataliti

es both dropping in the first two months, data from the Ministry of Emergency Management showed.

The number of workplace safety accidents fell 6.1 percent yea

r-on-year during the January-February period, while related fatalities went down 16.8 per

cent, Sun Huashan, vice minister of emergency management, said at a press conference on Friday.

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