n April 2018, Shanghai police arrested eight people from Shanlin (Shanghai) Financial In

formation Service Co, which was involved in illegal fundraising of more than 60 billion yuan.

The company, with a registered capital of 1.2 billion yuan, adopted a physical store and online ma

rketing to take public deposits. From October 2013, the company opened over 1,000 physical stores

across the nation and trained its employees to sell financial products through advertising and telemarketing wit

h the promise of high interest. In 2015, the company opened online financing platforms to raise money.

The company’s claimed investment projects were found to have no profit

ability, resulting in a huge capital gap that prevented it from repaying investors’ principal and interest. Last

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t in culture and education, attractiveness for foreign investment and consumption scale are also indicators under consideration.

Shanghai has the highest infrastructure and cultural environment indexes, and the financi

al hub’s talent, technological innovation and financing indexes are in the top three of the country.

Although Beijing’s soft environment index ranked first among all Chinese cities, its hard environment index lagged behind

due to restriction of natural resources such as air quality, climate and forest coverage rate, the report said.

With the best hard environment, South China’s Shenzhen also leads on the country’s technological innovation index.

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does not require participation in military alliances. It is not predicated on another Cold War. It does not seek self-inte

rested economic sanctions against the rest of the world. Nor does it encourage regime change to force its will on the in

ternational community. It is focused on 21st century global economic development.

A regulation unveiled by the State Council on Sunday prohibits authorit

ies from borrowing in ways that skirt laws and regulations to raise government in

vestment funds, as China works to further standardize official investment actions.

The regulation, published after a State Council decree was signed by Premi

er Li Keqiang, stipulates that government investment actions must take account of eco

nomic and social development levels and the situation of financial revenue and expenditures.

The author is the founder of Difference Group and has served at the India,

China and America Institute (US), Shanghai Institute for International Stud

ies (China) and the EU Centre (Singapore). The views don’t necessarily represent those of China Daily.

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l become a platform for people to experience natural beauty and t

o better understand, and then materialize, Xi’s wonderful ecological ideas.

When the sustainable developme

ustin Irwin anad James Berry took turns to steer their boat o

n Barkley Lake in western Kentucky, looking for Asian carp.

It did not take them long to spot a school of fish. Stopping the boat, Berry started to feed a 180-m

eter-long net into the water as Irwin maneuvered the boat to form the net into a large circle.

With the net in place, they then steered the boat in a circle, banging the hull with a wooden st

ick. Immediately, carp started to jump out of the water before splashing back in.

nt goals are firmly established in people’s minds, the significance of hosting the exhibition will have been achieved.

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carries the weight of gold”, pledged to install a binding mechanism for international agre

ements, to make sure governments at all levels operate in well-regulated ways, and to update laws and reg

ulations to abolish unjustified practices, keeping in line with the needs of opening-up.

“It is welcome news to hear that the National People’s Congress has

already taken steps to lay the groundwork” for implementing the new Foreign Inve

stment Law, said Gupta, who brought up the possibility of China establishing “an ombudsperson’s desk” in r

elated government agencies to address foreign businesses’ legal concerns.

Gupta said China’s Foreign Investment Law could be a model for others looking to liberalize their foreign investment re

gimes, as China’s BRI is already delivering capital and know-how to other developing countries.

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fied. Shortly after the attack, the US government introduced the Patriot Act, the Accuracy Act and

the Foreign Intelligence Surveillance Act, which formed a comprehensive intelligence surv

eillance network. According to a survey by Privacy International in 2007 covering 47 countries, the United States ran

ked first in the monitoring index. But the United States didn’t stop there. In 2013, Edward Snowden, a technical an

alyst at the Central Intelligence Agency (CIA), exposed the Prism program. In this seven-year top-secret electronic sur

veillance, monitored individuals include non-Americans who use related company services, or any US citizen who co

mmunicates with foreigners, including email, video and voice conversations, and social network details, and so on, can be descr

ibed as large-scale indiscriminate monitoring. Surveillance states were finally formed.

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 Xi’an, the capital of Shaanxi province, during the break.

“The city is charming, with its long history and modern urban life, as well as its

diversified snacks and world-famous Terracotta Warriors,” she said on Sunday.

“The only annoyance was that there were too many people crowding every attraction, but it’s the holiday.”

Some travelers opted to go overseas, and many of them stretched the holiday into a six-day vacation.

The Lvmama report said that Thailand and Japan remained the tw

o top choices for Chinese mainland travelers during the Tomb Sweeping holiday, followed by Indones

ia, the Philippines, Hong Kong, Macao, Malaysia, France, Australia, the United States and the Maldives.

On Wednesday, Ctrip, another online travel agency in Shanghai,

estimated that Chinese travelers would make about 110 million visit

s during the holiday break to 790-plus domestic and overseas destinations in 88 countries and regions.

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nt for Chinese people because of the rapid development of high-speed trains and the civil aviation industry, the transfer

from one mode of transport to another can still be troublesome at times. For instance, some high-speed train stati

ons have been built far away from the cities they serve, dragging down travel efficiency.

And third, some practices-such as free highway passage-may aggravate the conflict between supply and demand.

To solve these problems, which could worsen during holidays, synchronized planning and cooperation of multiple departmen

ts are required. To cope with holiday traffic, the authorities should also promote smart transportation and use a

dvanced technologies including artificial intelligence and big data to improve travel efficiency.

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ight examinations, and counselling services, he said.

Education departments will supervise schools to take concrete measures and eval

uate their performance, Minister of Education Chen Baosheng said at the meeting.

The State Council, China’s cabinet, said Wednesday it was necessary to amend laws and sup

porting regulations and policies to ensure the implementation of the foreign investment law.

Draft amendments for administrative licensing law, trademark law, construction law a

nd electronic signature law were passed Wednesday at a State Council executive meeting presided over by Premier Li Keqiang.

It was also decided at the meeting to submit the draft amendments to the Standing Committee of th

e National People’s Congress, China’s top legislature, for deliberation, according to a statement after the meeting.

Suggestions for revisions include adding the principle of “non-discrimination” in administrative licensi

ng, substantially raising the amount of compensation for infringing exclusive rights to use trade

marks, and cutting approval time for applications for qualified construction permits.

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A group of scientists in Gansu province have discovered a fossilized b

ird dating back about 110 million years and the first ever to have an unlaid egg in its abdomen.

The fossil represents a new species, Avimaia schweitzerae, belonging to a group called the Enantiornithes, which was a

bundant around the world and coexisted with dinosaurs in the Cretaceous period.

The well preserved fossil was discovered in the city of Yumen.

Because the specimen was crushed flat, it was only after a small fragment was extracted and analyzed under a micro

scope that the research team at the Chinese Academy of Sciences’ Institute of Vertebrate Paleontology and Pal

eoanthropology realized the unusual tissue was an egg, said Alida Bailleul, the lead author of the article.

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