tain a breakneck pace of economic development, which has brought booming economic prosperity.
Unfortunately, it has also brought a deteriorating environment. Seeing heavy smog, for ex
ample, many people feel that a worsening environment will destroy the happiness brought by economic growth.
Since 2012, the new leadership under President Xi Jinping has put forward a series of ecol
ogical ideas. On Sunday, Xi said at the opening ceremony of the exhibition that “green mountains and cle
ar waters are indeed mountains of gold and silver, and environmental improvement means great productivity”.
This idea, dubbed the theory of two mountains, enjoys immense popular support in China.
Xi, who is also general secretary of the Central Committee of the Communist Party o
f China, urged officials at all levels never to sacrifice the environment for economic growth.
China on Monday published a report elaborating on the progress, contributions and prospects of the Belt and Road Initiative (BRI).
The document, prepared by the office of the leading group for promoting the BRI, was released ahead
of the second Belt and Road Forum for International Cooperation to be held from April 25 to 27 in Beijing.
The Belt and Road Initiative is an initiative for peaceful
development and economic cooperation, rather than a geopolitical or military alliance, said the rep
ort. “It is a process of open, inclusive and common development, not an exclusionary bloc or a ‘China club’.”
“It neither differentiates between countries by ideology nor plays the zero-sum
game. Countries are welcome to join the initiative if they so will,” according to the report.
The BRI has turned ideas into actions and vision into reality, and i
tself into a public product widely welcomed by the international community, the report said.
More than 60 countries will send naval delegations to participate in the 70th anniversary of the founding of the Peo
ple’s Liberation Army Navy in late April, a spokesman for the Ministry of National Defense said on Thursday.
The celebration will showcase the progress of the PLA Navy and its growing capabili
ty in safeguarding China’s overseas interests as well as regional and world peace, an expert said.
The multinational naval event will take place in Qingdao, Shandong province, in late Ap
ril, said ministry spokesman Senior Colonel Wu Qian. April 23 is the 70th anniversary of the PLA Navy’s founding.
The naval event will include high-level dialogues, an international fleet review, military band performances, cultural and sports e
xchanges as well as other activities, Wu said. Some nations will send military ships to participate in the fleet
review, though details are still in the works and will be announced at a later date, he added.
Liu Hong, Party secretary and president of the People’s Insurance Company of China (PICC), is being investigated for suspected v
iolations of Party disciplinary rules and laws, according to an announcement of the top anti-graft agency on Friday.
He is being investigated by the discipline inspection and supervision team of the China Cent
ral Commission for Discipline Inspection and the National Supervisory Commission, according to the announcement.
Liu, 56, was appointed Party secretary, director and president of the PICC since October
A total of 1,883 private equity and venture capital deals were compl
eted in China’s telecommunications, media and technology industry in the second half of last
year, accounting for 46 percent of total PE/VC investment, a record number since 2016, according to a PwC report.
The report showed that 1,290 PE/VC deals were clinched in the third quarter of 2018, while in th
e fourth quarter, the number of PE/VC deals in TMT sectors dipped to below 600, as overall PE/VC investments plunged.
In the second half of 2018, there were 54 large-size deals with a single deal value over $100 million, and these large-size deals
had a total value of $21.3 billion, making up 76 percent of the total in TMT sectors in the second half.
so single people think it is a waste of time compared with ordering takeout,” adding that on major food
delivery platform Meituan-Dianping, about 65 percent of the orders are made by singles ages 20 to 30.
Others choose to dine out. A recent report by global market research company Kantar Worldpanel found that 46 percent of interviewees said they had eaten
alone in the past 24 hours, up by 9 percent from 2017. Some 16 percent of respondents said they preferred to eat out alone.
Liu Chang, 24, a postgraduate at Renmin University of China in Beijing, said she likes to ex
perience celebrity restaurants recommended by food review platforms. She has visited them alone many times.
“Finding friends you like to dine with can be difficult sometimes. In view of this, I would rath
er eat alone, which can also be enjoyable and relaxing, as I can do whatever I like,” she said.