hina Eastern asks Boeing for 737 MAX compensation

by weimiaow on / 上海会所

hina Eastern Airlines confirmed to news outlet The Paper on Tuesday it has

officially lodged claims with Boeing for losses cause

d by the 737 MAX’s grounding and late delivery, adding the two companies will stay in communication over the issue.

The move makes China Eastern Airlines the first airline in China to ask Boeing for compensation, as the 737 M

AX suffered worldwide suspensions after two deadly crashes which took more than 300 lives in six months.

Fourteen Boeing 737 MAX jets under China Eastern Airlines have been grounded since March 11.

Boeing stressed that it refused to talk about any communications with its clients.

Bloomberg cited people with knowledge of the matter last Wednesday, saying

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When the desired train tickets are not available at the tick

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et booking site and the app of the China Railway Corporation, a person can use the “waiting” function, and the system will add the wanted ticket information to a list.

One person could make an order for three tickets in the waiting list, and the function will be

free and much more efficient than other third-party software to grab tickets, according to the operator.

When ticket buyers cancel or change their tickets, the system will allocate the returned tickets to waiting buyers on the list.

To use this function, people have to pass a verification process on their status through facial recognition.

They will have to prepay the maximum price for each ticket, and once the

y have obtained the tickets, the difference from the actual fare will be refunded. If they f

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The number of unicorns in a given city is often consid

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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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Weaker economic growth puts at risk essential invest

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ments in areas such as education, health, climate change adaptation and sustainable infrastructure.

The growth outlook in all major developed economies and most developin

g regions has weakened due to a confluence of both domestic and external factors, the report said.

Following an expansion of 3 percent in 2018, world gross product growth is now projected to moderat

e to 2.7 percent in 2019 and 2.9 percent in 2020, reflecting a downward revision from the forecasts released in January.

The report identifies several downside risks that could trigger a sharper or more prolonged growth slowdown, potentially infl

icting significant damage on development progress. Those risks include a further escalation in trade te

nsions, a sudden deterioration in financial conditions, and the accelerating effects of climate change.

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Last week, two central government authorities on Hong

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 Kong affairs, the Hong Kong and Macao Affairs Office of the State Counc

il, and the Liaison Office of the Central People’s Government in the Hong Kong SAR, have also

expressed their support for the proposed amendments to Hong Kong’s extradition law.

A new United Nations report concludes that high trade tensions

and policy uncertainty are damaging global economic growth prospects.

A further escalation of the trade dispute between the US and China threatens both short- and mediu

m-term global growth prospects, according to the United Nations World Economic Situation and Pro

spects (WESP) mid-2019 report released Tuesday at UN headquarters in New York.

The report said that global merchandise trade-volume growth has slo

wed more sharply than expected, particularly in late 2018 and early

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Renminbi to remain stable, regulator saysknotes at a ba

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Central bank vice-governor voices confidence amid currency volatility

The monetary authority vowed to stabilize the renminbi amid escala

ted trade tensions, while continuing to push forward financial opening-up and pr

otecting overseas investors’ legal rights, said a senior official from the central bank on Sunday.

“We have the foundation, confidence and capacity to maintain a stable foreign exchange ma

rket in China, and keep the renminbi exchange rate at a reasonably stable equilibrium,” said Pan Gongsheng, vi

ce-governor of the People’s Bank of China, the central bank, said in a statement on its website.

Before his pledge, the onshore renminbi rate depreciated to 6.9182 per do

llar at Friday’s close, the weakest level since December, and the offshore renminbi rate h

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nd information technology, had confirmed at the Boao Fo

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oao Forum for Asia, that China will grant 5G licenses this year, but didn’t disclose a specific date.

“5G, industrial internet and the internet of vehicles are among the country’s top development priorities

in the telecommunications industry,” Zhang Feng, chief engineer of the Ministry of Industry and Information Technology, sa

id on Friday during the World Telecommunication and Information Society Day.

Zhang called for accelerated efforts to set standards in key areas, including 5G, to expedite the com

mercialization of this forefront technology and bolster the nation’s core competitiveness.

Major Chinese smartphone maker Huawei Technologies Co has already unveiled its first 5G chip and first 5G fold

able smartphone, the Mate X, which is expected to hit the market in June, despite challenges involving the United States.

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The capital issued blue alert for strong winds on Sunda

by weimiaow on / 上海千花网

with five suburban districts of Tongzhou, Yanqing, Changping, Huairou and Shunyi upgrading it to yello

w alert later. These areas were hit with strong winds as high as 8-9 grades, with gales reaching 10 grade

at some places. According to forecast, the wind could still be as high as 7-8 grades on Monday.

The gale toppled a wall near Dongzhimen Bridge in downtown Beijing, hitting three pedestrians,

two males and one female. Two of them died at the scene and one at hospital, Dongcheng District said via Sina Weibo.

Food delivery service Meituan said one of its deliverymen was hit and killed by a fallen tree when delivering food.

The speed of wind reached 10-15 meters per second at the Capital International Airport starting from 10 a

m Sunday, with gales as fast as 20-25 meters per second, the airport said. Due to the strong wind, th

e operational ability of the airport dropped and remained low until 7 pm Sunday.

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the country will basically realize rural and agricultura

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al modernization and ensure that both urban and rural residents enjoy equal public services.

By the middle of this century, digital villages will be completely built nationwide to advance rural revitalization.

To fulfill such targets, the country will accelerate the constructi

on of IT infrastructures in rural areas, upgrading rural internet facilities and information services.

More efforts will be made to boost the rural digital economy, with wider use of digital techno

logies in agriculture and the development of e-commerce and various emerging creative industries in rural regions.

While providing more support for rural technological innovation, the co

untry will strengthen ecological protection in rural areas with digital technologies.

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ed it from repaying investors’ principal and interest. La

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September, 53 people in the company were transferred for examination and prosecution.u’an, a county in

China’s Hebei province, 50 kilometers away from Beijing’s Tiananmen Square, is looking to build an innovation-driven coun

Emerging fields including online lending, investment, pension services, consumer reb

ates, financial mutual aid and virtual currencies have become “disaster areas” for economic crimes, said Gao.

Since the collapse of P2P online lending platforms beginning last Jun

e, public security authorities have investigated and handled more than 400 illegal fun

draising platforms and arrested more than 60 fugitives from 16 countries and regions.

“To grab excessive profits, the criminals keep changing and upgrading their criminal

methods, which are usually strongly deceptive,” he said. “Investors should be very cautious.”

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