Candidates urged to stand aside in crowded UK leadersh

Candidates bidding to replace Theresa May as Britain’s prime minister

and the leader of its ruling Conservative Party are vying to separate themselves from the pack

in a crowded leadership race that had, as of Monday, attracted 13 competitors and much criticism.

Leadership battles typically attract a handful of hopefuls but this is the largest in Conservative Party history.

The BBC said on Monday the overcrowded race had led so

me senior members of the Conservative Party, including Housing Minister James Bro

kenshire, to urge fringe candidates to pull out in order to save time and leave the waters less muddied.

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Development of huge shale oil field goes full steam

This year, PetroChina’s Xinjiang Oilfield Company has been fully develop

ing the Jimsar shale oil field, which boasts 1 billion tons of shale oil reserves, Xinhua reported.

The company has mobilized 36 drilling rigs, started drilling on 47 wells and completed eight wells till now. The daily drille

d footage surpassed 2,000 meters and the total drilled footage reached 160,000 meters.

PetroChina has ramped up exploration efforts on Bohai Bay Basin, Songliao Basin, Ordo

s Basin and Junggar Basin in recent years and shale oil was listed as one of the four exploration goals. Dagang Oilfi

eld, Xinjiang Oilfield, Tuha Oilfield and Changqing Oilfield have been set as important demonstration zones.

Xinjiang Oilfield Company said it planned to mobilize 45 drilling rigs this year to finish drilling nearly 100 wells.

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emphasized that the company was committed to con

ontinuously working with customers as well as industry and governme

nt stakeholders to ensure its technology adheres to all of their requirements.

The US Department of Homeland Security issued an alert warning on Monday that Chinese-made drones may be se

nding sensitive flight data back to their manufacturers in China, where it can be accessed by the government there.

According to a report by CNN, the alert warns companies and organizations that the US gov

ernment has “strong concerns about any technology product that takes American data into the territory of an au

thoritarian state that permits its intelligence services to have unfettered access to that data.”

The report does not name any specific manufacturers, but nearly 80 percent of the

drones used in the US and Canada come from DJI, according to industry analysis.

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Hospital head removed after 5 infants dieuthern Medical Uni

Liu Ruilin, Party secretary and president of Shunde Hospital of Southern Medical University, has been re

moved from his positions after five babies died and 14 fell ill during an enterovirus outbreak at the hospital.

The five newborns who died had other underlying diseases, such as pneumonia, before contracti

ng the virus, according to a statement from the Guangdong Health Commission on Saturday.

Thirteen of the sick babies have been discharged from the hospital, wh

ile the other one continues to be treated and is in a stable condition, the commission said.

An investigation determined that the case became serious becaus

e of the combination of the intestinal virus with lax hospital management.

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Most Chinese State-owned enterprises are not relevant to tra

ade negotiations. Many are in non-tradable sectors such as property develop

ment, infrastructure, or concrete. Others are basically public utilities in telecoms or power.

Some Chinese car companies are State-owned, usually by provincial govern

ments, but the car business in China is very highly competitive and foreign brands are very successful.

In any case, the continuing growth of an already large private sector should alleviate foreign concerns

about competing with State-owned companies.

During the George W. Bush administration, the US imposed tarif

fs on Chinese steel, arguing that State-owned companies had an unfair advantage. But, US ste

el companies also face higher costs because of increased environmental protection. China’s current emphasis on bu

ilding an “ecological civilization” means that that kind of polluting heavy industry will be less viable.

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plemented more favorable visa policies for Chinese student

he said. The report also found that studying overseas is no longer limited to wealthy fam

ilies, and the number of students from middle-class families studying overseas keeps growing.

According to the survey on parents’ professional backgrounds, most parents whose children prefer studying overseas hold o

rdinary positions at work, accounting for 43 percent of the total, up 14 percentage points from 2015.

Parents who are middle-level managers accounted for 35 percent, and those who are high-level executives accounted for 22 per

cent, the report said. The number of students studying overseas for master’s degrees continues to increase, a

counting for 70 percent of the total, up from 57 percent in 2016. They are studying ov

erseas to obtain higher academic qualifications and be more competitive in the domestic job market, it said.

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the World Trade Organization in 2001. That paved the

way to more than a decade of export-led double-digit economic grow

th, and the ongoing shift from export-led quantitative economic growth to inno

vation-led qualitative development, which has accelerated under President Xi Jinping’s leadership.

China’s industrialization peaked between the late 1990s and 2008, when the

global financial crisis broke out. Now China’s rate of growth is decelerating, which has been

the norm for all industrialized countries from Great Britain in the 19th century to the US in the 20th century.

In China, deceleration is a sign that rebalancing toward consumption and innovation by 2030 is on track.

Nevertheless, the living standard in China continues to improve st

eadily. Today, it is about a third relative to the US. In other words, it has multiplied six tim

es relative to US living standard, thus supporting the rise of the world’s largest emerging middle-income group.

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The kind of view that he expressed is certainly in th

 right direction, and I’m encouraged by all of that,” said Jack Perkowski, a Wall S

treet veteran and founder and managing partner of JFP Holdings in New York.

Perkowski said that when combined with a perceived lack of legal enforc

ement, the issue of protecting IPR has always been the single biggest hurdle for most

companies from the United States when thinking about entering the China market.

He said every aspect of doing business in China has gotten better in the past two decades in the view of international investors.

Perkowski said IPR protection has emerged as a key issue. “China is deve

loping economically and technologically, so the bar is getting higher,” he said.

Savio Chan, CEO of US China Partners Inc, a business development f

irm, said the government’s crackdown on “squatting”-registering a large number of tradem

arks in order to unfairly profit-will improve the environment and help enterprises build brands with real value.

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Ahmed Hassan Alhammadi, manager of the United Arab

Emirates Pavilion, hasn’t had time yet to visit the China Pavilion as he has been busy with his own pavilion.

“We will have more time later to have a walk in the park, and the China Pavilion will be our first stop for sure,” he said.

The International Pavilion, a venue for international horticultural exhibitions and competitions duri

ng the expo, has a public space with an overhang made of 94 structures representing flowers and umbrellas.

As the exhibition will also be held during the hottest days of the Beijing summer, these o

verhead structures will help reduce muggy conditions for crowds waiting in line for entry.

Using sustainable technologies, including natural ventilation, solar photovoltaics and rainw

ater recycling, the International Pavilion is also a green building with low energy consumption.

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said that “all military units deployed in the eigh

The People’s Bank of China (PBOC), the central bank, has upgra

ded the fifth edition of the renminbi (RMB), the Chin

ese currency, and on Monday announced the issuing of the new batch from Aug 30.

The new issuance will include notes with a face value of 50 y

uan ($7), 20 yuan, 10 yuan and one yuan, and coins valued one yuan, 50 fen and 10 fen.

Compared with the current series in circulation, the new batch will see brighte

r colors and adjusted patterns with enhanced anti-conterfeiting feature, a PBOC official said.

The five-yuan note will not be in the upcoming issuance as new technologies on the note are still under testing. The 100-y

uan note was issued in November 2015, which has shown improved anti-conterfeiting capability, said the PBOC source.

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