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Author: admin, 19.01.2015. Category: Quote About Positive Thinking

CashPay is safe and secure: the person collecting the cash will carry an ID card identifying himself. I placed my order and worked with them for a period of month in a very transparent manner, this finally resulted in an integrated, consistent set of furniture in flat 21 days. In case of any concerns, please send us photographs of the items to ascertain the reason for return which can be initiated from "My Account" section. Since its establishment in 1991, the Xi'an High-tech Industrial Development Zone, one of China's top national-level industrial zones, has helped transform a sleepy suburb into the most developed area in Xi'an, the capital of China's northwestern Shaanxi province. Residents in the high-tech zone, which is celebrating its 25th anniversary, have the highest average income in the city. In 2015, the zone was named a national proprietary innovation demonstration area, which is expected to accelerate its industrial restructuring and innovation-driven growth, local officials said. The zone has been charged with maintaining an annual economic growth rate of 13 percent during the 13th Five-Year Plan period (2016-20), higher than the estimated national level in the following five years. Companies registered in the zone are projected to generate 2.5 trillion yuan ($380 billion) in annual revenue by 2020, with yearly growth of 15 percent. The zone's GDP growth is expected to amount to around 13 percent by then, The budgetary financial revenue of the zone is forecast to reach 20 billion yuan by 2020 at an annual increase of 15 percent, according to the plan. By 2020, research and development investment is projected to account for 6 percent of the zone's overall investment. Workers operate machines to assemble new-energy vehicles at BYD's plant in the Xi'an High-tech Industrial Development Zone.
In 2015, there were 372,000 people working in the zone, of whom 78 percent held bachelor's degrees. The zone has attracted high-end professionals with 40 working stations for postdoctoral research, ranking first in central and western China. The zone authority said it is working on building 50 national-level engineering centers and technology development centers and labs by 2020 as innovation ability grows in the area. During the 12th Five-Year Plan period, the industrial structure improved greatly in the zone thanks to its rich human resources and supportive policies. The proportion of the service industry surpassed that of secondary industry in the zone in 2015, accounting for 54 percent of the total. In particular, the revenue of the modern service sector in the zone was 380 billion yuan last year, accounting for 43 percent of the four major industries.
The modern service industry covers various sectors including technology, finance and innovative design. The zone is an important industrial base for semiconductors in China and a manufacturing center of the world's smartphones, Zhao said.
Xi'an has thousands of enterprises engaged in the IT industry, which has attracted many leading IT enterprises, such as Applied Materials, Qualcomm, GE, Ericsson, Micron, Walsin, Simmtech Electronics, NEC, ZTE and Huawei. In 2015, revenue from the electronic information industry in the high-tech zone reached 199 billion yuan. In the coming years, the zone will continue to improve its internationalization level, according to its development plan. By the end of 2020, its import and export volume is expected to reach $45 billion with annual growth of 15 percent. The government has been working on improving the living conditions and natural environment in the zone, aiming to provide an ecofriendly residential environment for people working there. The local government said it would further improve the zone's public infrastructure in the following years. More than half of the zone's residents would choose public transportation by 2020, due to improved public services, local officials predicted.
In addition, the public library plan to own an average of 2.3 books for each resident and hospitals will provide no less than eight sickbeds for each 1,000 residents in the zone.
Located in the Xi'an High-tech Industrial Development Zone, the Xi'an Software Park is home to 1,880 software and information technology companies, which account for more than 90 percent of such enterprises in the city. The company developed the first programmable chip with proprietary intellectual property rights in China.
This fast-growing company focuses on providing file management and file wireless transfer solutions for both Android and iOS smartphone platforms. After 25 years of development, the Xi'an High-tech Industrial Development Zone has become the most popular cradle of startups in western China, attracting attention from both domestic and foreign investors. The Chinese government has been encouraging entrepreneurship and innovation in recent years, which gives the high-tech zone opportunities to become a world-class scientific technology park in the future, local officials said.
The local government aims to build the zone into an innovation hub with strong international competitiveness in the next 10 years. The authority of the high-tech zone has announced a plan that focuses on developing the zone into a national-level self-innovation demonstration locale from 2016 to 2025. The zone is expected to realize annual revenue of 5 trillion yuan ($759 billion) by the end of 2025, according to the plan. By then, the zone hopes to have a complete industrial chain for startups with a full range of services and rich human resources, capital and markets.
In terms of industrial structure, emerging industries such as information technology and advanced manufacturing will become major contributors in the zone. The Belt and Road Initiative has helped the zone participate increasingly in the global economy, which will lead to growth in international trading between the zone and foreign markets in the next 10 years, a representative of the zone said. By the end of 2025, the zone is expected to realize $100 billion in annual foreign trade, more than quadrupling $22 billion in 2015. Currently, the zone is home to more than 40,000 enterprises and more than 80 percent of them are high-tech companies. Investment in research and development is expected to average more than 8 percent of companies' total investment by that time. To realize the goals above, the zone has introduced policies to attract domestic and foreign personnel. The local government has provided preferential policies to encourage scientific research professionals to start up businesses.
The zone would continue to improve living conditions for personnel in both infrastructure and services, and aims to become a talents center in western China, local officials said.
In the financial sector, the zone would improve the investment environment by giving more choices and services for angel investors, officials said. The zone also plans to become a financial center for technology companies based on the country's Belt and Road Initiative. In addition to the 10-year plan, the zone authority has a further goal to cultivate industries that can be at the top of the world's high-end value chain by creating an advanced development mode, system and culture, which will help the zone become an influential global innovation center.
The China (Fujian) Pilot Free Trade Zone, composed of Fuzhou, Xiamen and Pingtan, is a pilot area for deepening reform and opening-up, promoting cross-Straits communication and spurring cooperation with countries and regions along the maritime Silk Road. Since its establishment on April 21, 2015, it has become a strong engine for the development of East China's Fujian province. Despite an unfavorable global economy, Fujian performed well in foreign trade in 2015 with a 0.7 percent increase in exports year-on-year. According to official documents, the Fujian FTZ has developed a batch of innovative measures in commerce, investment, trade and other fields, which could be promoted throughout the country.
During the past year, 146 key pilot tasks have begun in the zone that covers an area of 118.04 square kilometers.
The Fujian FTZ has also carried out a series of measures in trade, entry-exit procedures, finance and medical factors to promote cross-Straits communication. It has taken the lead in the easier and faster movement of 120 kinds of commodities from Taiwan. The mode is recognized by the research institute of the Ministry of Commerce as the most convenient product customs clearance one for commodities from Taiwan. Taiwan college graduates and entrepreneurs are encouraged to set up their own businesses in Fujian.
Three Taiwan-funded joint venture travel agencies have been approved to organize group visits by Fujian residents to Taiwan. Lion Travel (Fujian) Co Ltd, the first Taiwan-funded joint venture travel agency in Fujian, has more than 70 outlets in Taiwan, providing 24-hour travel services. In early April, the China (Fujian) Free Trade Zone Regulations were published and implemented.
Fujian has been an important maritime Silk Road hub for many centuries and plays an important role in the construction of the 21st Century Maritime Silk Road. Fujian is connected to Europe, Southeast Asia, Australia and the Middle East countries by various shipping routes.
Many enterprises from countries and regions along the maritime Silk Road have established businesses in Fujian.
Fujian's enterprises also continue to invest in countries and regions along the maritime Silk Road. Since the establishment of the Fujian FTZ, the cooperation between Fujian and countries along the maritime Silk Road, including Malaysia, Singapore and Indonesia continues to increase. In 2015, the total trade volume of imports and exports between Fujian and ASEAN members was $24.72 billion. By the end of 2015, there are 3,927 companies in Fujian with investment from ASEAN members, with contract investment of $12.61 billion. Official statistics show 223 companies in the ASEAN economies have set up their branches in Fujian capital, and total foreign investment reached $2 billion.
Chinese top political advisor Yu Zhengsheng said the mainland has paid great importance to proposals from Taiwan residents for easier travel on the mainland, and will put forward measures soon. Yu also said the importance of trade, commercial and non-governmental exchanges would be positive for peaceful cross-Straits relations, especially during sensitive political moments. Taiwan's newly elected leader Tsai Ing-wen has not yet explicitly recognized the 1992 Consensus. Ma Xiaoguang, the office's spokesman, said Tsai offered no concrete proposal to ensure the peaceful and stable growth of cross-Straits relations. The cross-Straits cooperation process will only continue when the island's new leader fully endorses the one China principle, Ma said. At the eighth Straits Forum, more than 1,700 guests from the mainland and Taiwan exchanged their thoughts. Yu met mainland-based young Taiwan entrepreneurs on Saturday afternoon and wished them success in business on the Chinese mainland. He urged the creation of more opportunities for the young generation on both sides of the Straits to communicate and exchange so they could become good friends, which would be significant for the long term development of cross-Straits ties. The province will enhance trade ties with Taiwan by boosting the service and financial sectors, and facilitating the exchange of human resources. He expects Fujian and Taiwan to enhance cooperation on the green energy, environmental protection and modern service sectors as well as accelerate folk culture exchanges. A grand performance is staged during the opening ceremony of the eighth Straits Forum in Xiamen. The eighth Straits Forum opened in Xiamen, Fujian province, on Saturday and will run through Friday, according to an official from the State Council's Taiwan Affairs Office. The one-week event has the theme of "More Exchanges, More Cross-Straits Cooperation and Joint Development", said An Fengshan, spokesman with the State Council's Taiwan Affairs Office. The main venue is in Xiamen and 19 related activities in four parts - conferences, youth, grassroots and trading - are being held in cities and districts of Fujian province, the organizers said.
Activities aimed at promoting exchanges between youth and grassroots residents from both sides will be held. The organizers said such activities could provide platforms for Taiwan's young people to start new businesses in Fujian province, and also provide an opportunity for young people to demonstrate their talents. Young people from diverse fields are invited to take part in skills competitions and share their experiences in technology innovation and starting businesses.
Conferences and forums in fields such as think tanks, finance, startups and investment are being held in the cities of Fuzhou, Xiamen and Pingtan.
People can share their ideas on topics such as constructing the Fujian free trade pilot zone and maritime silk road. The two sides aim to strengthen city or county-level cooperation, and the organizers are expected to present new policies that will benefit the people of Taiwan. In addition to businesspeople, guests such as employees, female college students, farmers and villagers from different fields across the Straits are welcome. Other activities include a micro film completion, which will demonstrate very short film works directed and produced by young people across the straits.
China's eastern coastal province of Fujian has introduced a range of measures aimed at improving the local environment, and has plans to implement more policies to improve conditions across the board. Unlike many northern cities that are frequently blanketed by heavy smog, Xiamen and Fuzhou, Fujian's two major cities, have already an increasing number of clear days, and in the 2015 edition of the annual air quality report released by the Ministry of Environmental Protection, they ranked second and sixth respectively in terms of air quality among China's 74 major cities. Under the terms of the 13th provincial Five-Year Plan (2016-20), by 2020, at least 90 percent of days in Fujian's nine cities will register above "Good" on the national Air Quality Index, and water quality is expected to improve in the province's 12 major rivers. In addition, the plan states that over 72 percent of offshore marine regions will reach the second grade of seawater quality, meaning that they are suitable for swimming. The city and provincial governments have also introduced a number of strict controls and measures, targeting both companies and officials, to push forward their green agenda. For example, the city of Nanping, which is home to China's stone industry, has rejected more than 100 projects that were deemed to have a high pollution risk, and shut down around 700 companies for pollution offences in the past three years. As a result, the city has seen dramatic improvements, including clearer skies and cleaner rivers. At provincial level, Fujian has set up a monitoring and auditing system that will gauge the performance of leading officials with regard to environmental protection, and their results will form a major part of their annual assessment. Chancellor Angela Merkel visits China for the ninth time this month, bringing with her the German cabinet for the fourth round of the German-Chinese government consultations. In consultations with the top political leadership with China, Germany wants to consult on a wide range of political, economic and societal issues.
After a spate of forceful statements on the future course of economic reform in China last May, it seems that economic development has climbed firmly to the top of China's agenda. When you look at trade in 2015, a difficult year for China, one is struck by the remarkable resilience of the Germany-China economic relationship. Resilient trade figures in a challenging environment and growing investment in both directions, especially in areas which are crucial to China's plans to upgrading its industries through a digital revolution: Could anyone wish for more?
Our high trade volume can only be maintained because a decrease in German exports was offset by a steep increase in imports from China. China will again put the issue of its market economy status and implementation of commitments in its WTO accession protocol high on the agenda. Bilateral trade has nearly tripled in the past decade, up to a volume of 163 billion euros ($182.7 billion) in 2015, a year in which China held its position as the top foreign investor in Germany in terms of the number of projects. We have been able to do so throughout China's transition from an economy based on production and exports to one that is innovation- and consumption-led.
Nowhere is this more apparent than in what we in Germany call Industrie 4.0, or the industries related to the fourth industrial revolution. The pre-conditions for synergy between the two countries in this regard could not be more complementary. This development has been built on the good foundations laid by the strategic partnership in innovation between China and Germany in 2014, a partnership that led to the creation of the German-Chinese Innovation Platform. The similarities between 'Made in China 2025' and Germany's 'High-Tech Strategy 2020' create just as many opportunities for competition as they do for synergy.
We welcome our special relationship with China not only because it enhances both our economies, but also because it will enable us to use the knowledge, technologies and techniques we gain from each other to compete more effectively, both with our global rivals and each other.
In Germany, we have tried to build an ideal platform for this coopetition, by building an industrial landscape which researches, innovates and creates value. Furthermore, we in Germany are proud of the quality of our workforce; our dual education system values role-specific apprenticeships just as much as academic study. For all of these reasons, Germany is the perfect location to begin this process of coopetition.
Christian Roedl, partner of Germany-based management consulting firm Roedl & Partner, gives his thoughts on how Chinese and German companies can more effectively do business in each other's domestic markets. Actually, I am advising our Chinese clients in exactly the same way as our German clients: "Be cautious, but don't be anxious!" Foreign investors have to understand the mentality of the people and the way business is conducted. In general Chinese investors should not expect that decisions will be taken as quickly as they may be used to. If you are planning for a market like China, you must hone not only your products, but also your organization to the particular needs in this special market. How can German or Chinese companies overcome cultural differences in their cooperation or business-related cases? In our daily experience, quite often we notice that not only German, but also Chinese companies have an idealized understanding of the other's culture and business environment. Please give an example of a successful merger and acquisition case between Chinese and German companies in which your company participated. In early 2015 Chinese electronics group Skyworth acquired the television production and distribution units of the German TV manufacturer METZ. Klaus Deller, chairman of the executive board at Knorr-Bremse AG, talked with China Daily on the company's development in China as well as the rest of the world. How has the global development of your company's rail vehicle and commercial vehicle division progressed in recent years? Thanks to our innovative capabilities and a clear focus on creating genuine added value for vehicle manufacturers and operators, we have again extended our lead in the global rail and commercial vehicle industries, attaining new record levels in all the relevant indicators, including quality, on-time delivery, and customer satisfaction. Knorr-Bremse also benefited from the expansion of the local mass transit infrastructure, where the company was able to secure new orders to supply equipment for metro cars and light rail vehicles. Knorr-Bremse has been proactively implementing its localization policy ranging from personnel training to a wide degree of local production.
There is no doubt that Knorr-Bremse has a very strong position in the sector of onboard systems for rolling stock.
Of course, we have also put in place the means to keep our technological leadership on the market. We will go on developing rail services beyond the "traditional" spares business: training for customers, maintenance and modernization. Knorr-Bremse is one of the world's leading manufacturer of braking systems for rail and commercial vehicles, with sales totaling almost 6 billion euros in 2015. EuroEyes offers Chinese patients the same standard of care and premium treatments that are found at its European clinics. In recent years, ties between China and Germany have made significant strides in industry, business, education, healthcare and environmental protection. It was among the first overseas medical organizations to establish a clinic in China and currently has three clinics in Shanghai, Beijing and Guangzhou.
Joergensen said all surgical procedures at EuroEyes are performed by experienced German doctors that perform more than 2,000 eye surgeries each year.
Since its opening in 1993, EuroEyes has performed more than 400,000 eye surgical operations globally.
Joergensen said part of EuroEyes' success lies in its constant technological innovations and investment in advanced equipment. In 2004, EuroEyes was the first laser eye center in Germany to routinely use the AMO Inralase IFS 150Hz femtosecond laser system in refractive surgeries. In 2011, EuroEyes was among the first clinics in Germany to use the advanced image-guided femtosecond LenSx Laser for refractive lens exchange. It is also among the first centers in the world to have certification standards for laser vision correction, or LASIK TV. Compared with European patients, Chinese patients are not very well informed on related eye treatment solutions, said Joergensen.
To allow more Chinese patients to understand EuroEyes and its treatment solutions and learn more about knowledge of vision impairment, EuroEyes also organizes education activities and lectures regularly. EuroEyes organizes eye health-related lectures and education activities each month, which are given by professors and experts. ReLExsmile, a form of Femto-LASIK and one of the safest laser eye procedures in laser correction, can be provided to patients with myopia, or nearsightedness, which is a refractive error that renders objects in the distance blurry.
For patients with nearsightedness of more than -10.0 dioptres, EuroEyes provides an intraocular contact lens, or ICL, implantation. Other solutions include eePreLex, or presbyopic lens exchange, which is for people over the age of 45 who need reading or progressive glasses to read clearly.
A cataract is the clouding-over of the natural lens and is the leading cause of vision loss in people over the age of 65.
The EuroEyes Clinical Group is an association of licensed eye clinics specializing in the correction of refractive disorders, such as nearsightedness, farsightedness, astigmatism and presbyopia. With 27 eye clinics in Europe and Asia, including in Shanghai, Beijing and Guangzhou, EuroEyes is among the largest independent clinical groups for laser eye surgery in Germany. Thirty-three years ago Chen Bin decided to quit his job in a state-owned maternity hospital in the northwestern city of Lanzhou and to go into business on his own.
Chen is among millions of Chinese who, after economic reforms introduced by Deng Xiaoping in 1978 that encouraged private business, decided to embark on the entrepreneurial road.
In 2002, 15 years after Chen opened his bakery business, it folded amid fierce competition, and these days there is a cafe across the road that has become a hot-spot for the young and self-employed to exchange ideas. Now, nearly four decades after China began opening up, there is a new boom in startups, but rather than selling fabrics, cheap plastic toys, cakes and the like, these ventures have a sharp technology bent and are looking to serve markets the size of which their earlier counterparts could barely have conceived of. In these fledgling companies the country sees the opportunity to give a fillip to innovation, in turn spurring domestic consumption that can help ensure the country's future prosperity.
Two years ago Premier Li Keqiang sounded a clarion call to the young to start their own businesses and take up the challenge of technological innovation, and he pledged the government's wholehearted backing. Following up on that, last year the government unveiled dozens of measures aimed at helping grassroots entrepreneurs, including giving them tax breaks and easing their path to obtain finance.
Lin Nianxiu, deputy director of the National Development and Reform Commission, says the aim is to cut red tape and help the startups solve practical problems.
China also announced an Internet Plus strategy, an initiative that promotes the adoption of advanced information technology in traditional sectors in an effort to stimulate the economy. The Ministry of Industry and Information Technology says plans are afoot to make it easier for internet startups to enter sectors such as manufacturing, services and logistics to increase efficiency and product quality.
To promote the growth of technology startups, industry regulators say, faster and cheaper internet service will be provided. A negative list would spell out a small number of businesses or services that are closed to internet firms, and the businesses that are not listed would provide a happy hunting ground. A plethora of antiquated industry regulations still prevent startups from providing IT services for government-backed projects and state-owned enterprises.
Liu Dong, managing director of Accenture Technology Labs in Beijing, says technology innovation is playing an increasingly critical role in China as the country looks for ways to produce products with larger added value.
Zhao had been part of a team of seven in the United States that developed Google Glass, a wearable computer device in the shape of spectacles. DeepGlint specializes in providing computer vision technology to industries such as those in the security, auto-driving and robotics fields. Returning to China, Zhao says, has given him a bigger opportunity to work with the Chinese market, which overseas technology firms may find harder to penetrate because of a lack of understanding of local customers.
Employees talk at the thinking room of Iflytek Co, a technology startup dedicated to the research of intelligent speech and language technologies in Hefei, Anhui province. Today as China is focused on transforming itself from a world factory into an innovation hub, more and more young people are encouraged to go the startup route, and entrepreneurship is the buzz word, I'm reminded of Xiao and his short-lived enterprise. US-based research organization IdeaLab studied 200 cases to arrive at five factors - idea, team, business model, funding and timing - that determine the success of a company.
At times I can't help wondering: Would Xiao have better luck if he started his company now? The business of buying or merging with overseas companies is not unlike looking for the perfect marriage partner: At times it may be OK to let your heart rule your head, but ultimately the decisions to be taken need strong doses of sober reflection. Looked at this way you could say that over the past 15 years China's enterprises have fallen head over heels with mergers and acquisitions, have taken the plunge and are now enjoying the honeymoon. The clearest evidence of the gusto with which the country has taken to this new way of life is the fact that in the first quarter of this year it was the world's largest acquirer in terms of the value of mergers and acquisitions, based on figures provided by Dealogic, a global financial data provider. China announced a record $92 billion of overseas mergers and acquisitions deals from January to March this year, accounting for 30 percent of the world's total, Dealogic says.
In February the State-owned conglomerate China National Chemical Corp agreed to buy the Swiss agricultural group Syngenta for $43 billion, making it the largest foreign takeover by a Chinese company. The value of such activities has grown six years in a row, the total last year being $107 billion, Dealogic says.
In 1992 Shougang Group bought a 98.4 percent stake in Hierro Peru Co in one of the earliest overseas mergers and acquisition deals by a Chinese company, he says.
However, it was not until 12 years later, after the National Development and Reform Commission streamlined rules on the management of overseas investment projects, that interest by Chinese concerns in overseas mergers and acquisitions really began to take off. As with any quest for a good suitor, Chinese enterprises have had the odd rebuff or two on the mergers and acquisitions path over the past decade or so. The failure of the Rio Tinto deal was the result of bulk commodities prices rising sharply, more than making up for a cancellation fee the company would have to pay, Xu says. Henry Cai, chairman of the Asian-Europe growth capital investor AGIC Capital, says: "There has been a huge amount of overseas investment by Chinese companies over the past 15 years, but in half the cases the result has been failure.
Over the past three years private companies have emerged as one of the major players in overseas mergers and acquisitions, Xu says. Private companies are more nimble in their decision making, and they will continue to be an increasingly important force in overseas mergers and acquisitions, Xu says, citing the insurance company Anbang, the investment group Fosun and the conglomerate Dalian Wanda as examples.
Of all the overseas deals Xu has studied, those of the automotive components maker Wanxiang Group in the United States have been among the most impressive, he says. Since its first acquisition of a solar energy plant in the US in 1996, Wanxiang has bought 28 plants in the US, producing auto spare parts for GM, Ford and Daimler Chrysler. Ni Ping, president of Wanxiang Group's US company, says the way existing staff and those of a newly acquired company are integrated can determine whether the acquisition succeeds or not. Despite the impressive growth of Chinese enterprises' overseas mergers and acquisitions, the proportion of Chinese assets overseas remains minuscule compared with those of developed markets. According to a survey by the University of International Business and Economics in Beijing, Chinese companies lack translation and other language skills needed to expand overseas.
These can still be counted as the early days of Chinese companies making transnational acquisitions, says Shen Danyang, a spokesman for the Ministry of Commerce. Inter Milan Vice-President Javier Zanetti (left) and Vice-President of Suning Sports Group Gong Lei exchange shirts in Nanjing.
I remember that on the first anniversary of China Daily, on June 1, 1982, the paper's Opinion Page carried a short letter from Willbur Schramm, the then director-emeritus of the Institute of Communication Research, Stanford University; and the East-West Communication Institute, East-West Center, in Hawaii.
Schramm said China Daily's potential readers would include "the millions outside China who cannot read the People's Daily and other official publications in Chinese, but nevertheless want to hear the voice and feel the pulse of China if they can". The bulk of the story was based on a talk given by Ji Chongwei, a senior economic official, upon his announcement of a newly established Foreign Investment Administration Committee under the Ministry of Foreign Economic Relations and Trade (now part of Ministry of Commerce). Most young staff members like me, even though we had majored in English, had never heard of the expression "mergers and acquisitions". Soon enough, changes taught me that overseas investment was an indispensable driving force in China's modernization. Mergers and acquisitions, as a matter of course, became a daily phenomenon between Chinese and foreign companies. In 2016, the country is moving rapidly toward a balance between inbound and outbound direct investments. It was the early 1990s and Yuan was just one of hundreds of other medical personnel keen to realize a dream of broadening their professional experience in another country.
Of the few Chinese who studied overseas in the 1980s and the early 1990s, almost all did so thanks to financial support from the government. After graduating from high school and scoring well in an English competence test, Sun enrolled at Monash University in Melbourne, Australia, in 2013. Yuan marvels at how easy it was for her son to pursue his overseas ambitions compared with those of her generation. Behind this greater freedom lie policy changes that have made China the largest source country for overseas students.
As the country started to open up and implement economic and social reform in 1978, it began to make it easier for more students to go overseas, where they could study in fields in which the country needed to catch up. In August 1978 the Ministry of Education called for more undergraduate and graduate students to study overseas, a milestone that is regarded as the genesis of sending students to study overseas at the government's expense. However, in reality traveling overseas at one's own expense was beyond most people's means.
Chen Zhiwen, editor-in-chief of a website that publishes information about education, recalls how difficult it was to study abroad in the 1980s. Being able to get a visa essentially came down to having government financial backing, Chen says. In the mid-1990s the policy of supporting students going overseas to study was further relaxed. Now China has become the biggest source country for university students for more than 10 countries, including Australia, Britain, Canada, Japan and the US.
The Open Doors Report said that in the 2009-10 academic year, 127,628 Chinese students studied in the US, 31 percent of them undergraduates. Among the Chinese undergraduates in the US is Zhou Yutong, 20, who studies at George Washington University in Washington.


I didn't realize until recently that a third of my young colleagues are haigui (students returned from overseas).
Years of fast economic growth have produced millions of Chinese families who can now afford to send their children overseas for studies. While a little envious of their parents' deep pockets, I could not help but recall my bittersweet days studying in the United States three decades ago. One of the lucky few, I enrolled as an English major in a Shanghai university in early 1978 soon after the "cultural revolution" (1966-76). In my junior year in college, a close friend of mine, who was studying in the Beijing Language Institute which focused on teaching Chinese to foreign students, managed to get help from his American roommate and successfully sent his - and my - application to a university in Boston.
But as college students, we were living on a budget of about 20 yuan per month and it was then normal for a Chinese to survive on 6 yuan per month. My first exposure to the US was three years later thanks to China Daily sending me on a fellowship to the University of Hawaii and the East-West Center. My trip marked a lot of firsts - it was the first time I took a plane, the first time I owned a credit card, the first time I went to a bar, the first time I played golf and the first time I had to cook my own meal. Boarding was free and each month I got $300 for food, which was certainly not enough for eating out, so I ended up cooking my own meals in the public kitchen shared by two dozen students from different countries.
Two months later I began to show off my skills by inviting my professors and host families to dinner. On traditional bamboo rafts, with cormorants by their side and the mountains all around, the Huang brothers set out for another day of work on Lijiang River. Huang Quande, 87, and 76-year-old Huang Yuechuang, or yuying laoren, as they are known on the Chinese internet (it means old cormorant fishermen), are among the most well-known features of Xingping, a small, picturesque county in the Guangxi Zhuang autonomous region that is popular with tourists from China and abroad. Huang Quande (right), 87, and his brother Huang Yuechuang, 76, fish on the Lijiang River in the Guangxi Zhuang autonomous region.
Almost every day, visitors to the area, many of them foreigners and some professional photographers, snap pictures of the brothers, who appear in the style of cormorant fishermen, with rafts, bamboo oars, palm leaf raincoats and kerosene lamps. In April last year, the Daily Telegraph in London posted a series about the Huang brothers' old way of life by Russian photographer Viktoriia Rogotneva, bringing them international attention. A British woman, who has lived in the nearby city of Guilin for more than a decade and has known the Huang brothers for many years, helps to organize photo shoots.
The record will show that Willett first played the US Open in 2014 at Pinehurst No 2, which had been restored to its original design by replacing the rough with natural sand areas, vegetation and wiregrass bushes.
He also played last year at Chambers Bay, with its fine fescue grass that allowed the ball to bounce and roll like on a links course. Those were a departure from the US Open that over the years had been defined by narrow fairways, thick rough and firm greens. Even with rain in the forecast ahead of Thursday's opening round, no one expects a winning score under par.
Defending champion Jordan Spieth played in unusually strong wind on Sunday and said he would have shot no better than 75 and then treated himself to a beer for a fine day of work. Ernie Els, who won at Oakmont in 1994, lamented rough so thick that not even the strongest players would be able to do more than get back into short grass.
The Masters brings excitement as the first major of the year on a course that metes out birdies and bogeys, eagles and double bogeys. Branden Grace described the opening hole as "horrible." The closing hole is among the strongest in major championship golf, and Angel Cabrera's tee shot down the middle in 2007 is still celebrated as one of the great drives under pressure in US Open history. The bunkers remind players of the pot bunkers in links golf, not so much by appearance but in penalty.
He was tied for the lead last year until hitting his tee shot on the 16th onto the railroad tracks and finishing two shots behind. The toughest test in golf played on what is called the toughest course in America led to a short vocabulary for most players. What appealed to the Englishman were the options players have on every hole, whether to take it on with a driver or lay back with something less to make sure the ball is in the fairway. Jordan Spieth hits his drive on the first hole during Tuesday's practice round for the US Open at Oakmont CC in Oakmont, Pennsylvania. But that didn't dissuade Phil Mickelson from another cross-country trip on the eve of a US Open. Lefty left Oakmont on his private plane for San Diego to attend daughter Sophia's eighth-grade graduation. Mickelson took basically the same route in 2013, when he was playing at Merion and returned home to attend the eighth-grade graduation of his older daughter, Amelia. At Merion, he landed barely three hours before his tee time and three-putted his first hole for a bogey. The good news is that Mickelson didn't give back a shot the rest of the day, especially impressive since Merion surrendered only one other round under par to the 78 players who completed the first round.
But the time away from the game - Rose missed two events struggling with a disk flare-up - could prove a blessing in disguise.
And then there was that infamous slow-speed car chase on the other coast as police tracked O.J. With less than two months left before golf returns to the Olympics in Rio de Janeiro, more than a few golfers remain uneasy about the spread of the Zika virus - which has been tied to fetal deaths and severe birth defects - in Brazil.
Australians Adam Scott and Marc Leishman, South Africans Louis Oosthuizen and Charl Schwartzel, and Vijay Singh of Fiji have all announced they won't be going for a host of reasons. But all three major champions at the US Open who faced questions Tuesday about competing in Rio remain on track to show up.
Englishman Danny Willett was less effusive, saying he and his wife have a three-month-old son and are thinking about having more kids soon. Last week: Canadian teenager Brooke Henderson defeated Lydia Ko in a playoff in the KPGA Women's PGA Championship for her first major. Notes: Henderson and Ko both are in the field after the show they put on at Sahalee Country Club in the second major of the yea. It was misery for the Warriors and their fired-up fans to watch Monday's 112-97 NBA Finals loss to the Cavaliers that sent the series back to Cleveland for Game 6 on Thursday night. They wanted so badly to do it for Draymond Green, do it for each other and for their home crowd. Their "Strength in Numbers" mantra was tested once more in a game that mattered so much, but in the end the Warriors lost at home for only the second time this postseason and fourth overall.
Yet there's no panic now for the defending champions after LeBron James and the Cavs forced at least one more game in what has become quite the testy rematch.
Golden State will get a boost having emotional leader and All-Star forward Green back after he sat out Game 5 serving a suspension for a Game 4 swipe at James' groin. The 7-foot center sprained his left knee early in the third quarter on Monday and traveled with the team to Cleveland after undergoing further tests. Bogut has been an imposing presence with his shot-blocking ability, but the Warriors have some depth at the position and often use a center-by-committee approach with Festus Ezeli, Marreese Speights and Anderson Varejao getting regular opportunities to contribute. Defensively, the Warriors must find a way to keep James and Kyrie Irving from getting open like they did on Monday, with each scoring 41 points. Golden State doesn't have much further to fall after shooting a postseason-low 36.4 percent - its first game below a 40 percent clip - despite getting 37 points from Thompson with six 3-pointers and Curry's 25 with five 3s. The Warriors are trying to close out the fifth championship in franchise history and third since moving out West from Philadelphia in 1962-63.
Murray is back working with Lendl two years after they parted ways, and their winning start has earned the defending Queen's champion a second round meeting with Aljaz Bedene in an all-British clash on Thursday.
It will be the only time Murray has ever faced a British opponent at tour level on home soil and the first time anywhere since he lost to Tim Henman in Bangkok in 2006. After flying in from the US on Monday evening, Lendl seemed to be making an instant impact, directing Murray's practice session on Tuesday morning and then watching his match from the courtside seats. With Maria Sharapova's two-year doping ban still a hot topic, Murray also stuck by his long-held view that players found guilty of doping warrant strong punishment.
Five-time Grand Slam winner Sharapova, who tested positive for meldonium at January's Australian Open, on Tuesday appealed to the Court of Arbitration for Sport, saying her ban should be "eliminated" or reduced because she didn't mean to break the rules. Sharapova's expedited ruling will be issued next month ahead of the Rio de Janeiro Olympics.
She filed an appeal to the Court of Arbitration for Sport seeking to overturn or reduce the suspension imposed by the International Tennis Federation last week. The court said both sides agreed to an "expedited procedure" that will allow the court to issue its ruling by July 18, at the latest.
An independent three-person panel appointed by the ITF said Sharapova did not intend to cheat because she didn't know meldonium was banned, but that she bore "sole responsibility" and "very significant fault" for the positive test. The World Anti-Doping Agency said on Tuesday that, after reviewing the original ruling, it would not file an appeal to CAS. The 29-year-old Sharapova's ban is due to end on Jan 25, 2018, which would keep her out of eight Grand Slam tournaments, along with the Olympics.
Two-time Wimbledon champion Petra Kvitova renewed her love affair with grass on Tuesday with a near-perfect start to the Birmingham WTA tournament, a Wimbledon warm-up event.
Her fine serving and deceptive flat hitting earned a 6-3, 6-2 victory over childhood friend and fellow Czech Lucie Safarova. Mentally the match was not much of a contest - even though Safarova ended 2015 in the world's top 10 for the first time - but it did become a stage for Kvitova to show she might still be a leading contender on this surface. Kvitova's speedy success also enabled her to finish before the arrival of the rain, which soon afterwards interrupted two other matches for lengthy periods.
China has about 500,000 equestrian enthusiasts, mainly in the economically-developed areas, according to Zhang Kai, an official in charge of equestrian competition at the State General Administration of Sport. Zhang spoke at Tuesday's launch ceremony for the FEI Equestrian Endurance Race to be held in Fengning, Hebei province, on June 25.
The event will feature an international race field, national eventing and three-day championships as well as the China national endurance race. Zhang said the competition provides a great chance for the Chinese athletes because the points they gain in Fengning will add to their international rankings. The organizing committee for the 2019 FIBA Basketball World Cup was officially established in Beijing on Tuesday. Teams from 140 countries and regions will play 682 games over 15 months to decide the 32 teams for the FIBA flagship event in eight Chinese cities: Beijing, Nanjing, Suzhou, Wuhan, Guangzhou, Shenzhen, Foshan and Dongguan.
The event, the 18th FIBA Basketball World Cup for men's national teams, will also serve as a qualifying competition for the 2020 Tokyo Olympics. It will be Beijing's second world championships event after the 2015 IAAF world athletics championships and before the capital hosts the 2022 Winter Olympic Games. Beijing native Zhang Jie holds the Guinness world record for non-stop swimming in fresh water, covering 74 kilometers in 21 hours.
The triathlon is the first race on the Chinese mainland that brings mountaineering with an elevation of some 2,000 meters into a running course, posting a huge challenge for more than 100 athletes from home and abroad. A source with direct knowledge of the National Hockey League's decision said on Tuesday the league has settled on Las Vegas as the home for its next expansion franchise, provided organizers can come up with a $500 million fee. The source spoke on condition of anonymity because details of the plans have not been released by the league ahead of its board of governors meeting on June 22. Miami Marlins outfielder Ichiro Suzuki is on the verge of passing Pete Rose for most hits in baseball history.
Suzuki was one hit behind Rose entering Tuesday's game against the San Diego Padres - but his total includes the hits he accumulated in Japanese professional leagues before coming to MLB.
Superstar Cristiano Ronaldo slammed Iceland for proverbially "parking the bus" in front of its goal as the upstart islanders from the north Atlantic held Group F favorite Portugal to a 1-1 draw on Tuesday. A superb finish by Nani gave Portugal the lead before Iceland's industrious midfielder Birkir Bjarnason volleyed the equalizer on one of only four shots his team managed.
Portugal is now under pressure to beat Austria, which lost its opening game 2-0 to Hungary in the other pool match in Bordeaux. The scoreline may have been 1-1, but level-headed Iceland coach Heimir Hallgrimsson was unable to prevent the word "victory" passing his lips as the Nordic side held Portugal at Euro 2016 on Tuesday in their first appearance in the finals of a major tournament. An early second-half goal from Birkir Bjarnason canceled out Nani's first-half strike, and the Icelanders withstood long periods of intense pressure to come away with the draw. A visibly frustrated Cristiano Ronaldo was effectively reined in by a disciplined joint effort from the Icelanders, with central defenders Kari Arnason and Ragnar Sigurdsson repeatedly cutting out crosses and hoofing the ball upfield. The team was cheered on by hordes of fans in blue shirts, many of them wearing Viking horns. He said Iceland would take a confidence boost into its next game, against Hungary on Saturday in Marseille. Portugal's Cristiano Ronaldo reacts as Iceland players celebrate at the end of Tuesday's Group F match at Geoffroy Guichard stadium in St.
The Hungary goalkeeper set an age record at the tournament on Tuesday and helped his team beat Austria 2-0 with several good stops. Kiraly, famous for his grey tracksuit trousers, eclipsed the old mark set by Germany's Lothar Matthaus, who was 39 when he played at Euro 2000. Adam Szalai gave Hungary the lead at Stade de Bordeaux with his first goal in 12 appearances.
It was the first European Championship match for Hungary in 44 years and the first tournament the country has qualified for since the 1986 World Cup. Kiraly dove to block a shot from Zlatko Junuzovic in the 35th minute and smothered a shot from David Alaba in the 10th. Austria was favored in the match and was an outsider for the tournament title after going through qualification unbeaten and finishing at the top of its group, eight points above Russia. Szalai scored in the 62nd minute after playing a one-two with teammate Laszlo Kleinheisler. Austria thought it had equalized moments later when Martin Hinteregger put the ball in the back of the net, but it was waved off for a foul and Dragovic was sent off with a second yellow card. Stieber made it 2-0 in the 87th, bursting down the right flank from inside his own half and lifting a long ball over the onrushing Almer. Alaba, a defender who plays for Bayern Munich, was at the heart of most of Austria's attacking moves.
David Alaba was quiet as Austria's Euro 2016 campaign got off to a poor start with a 2-0 loss to Hungary on Tuesday, leaving coach Marcel Koller to suggest the player's versatility might be hurting him. The 24-year-old has been tipped to be one of the standout performers in France but, while he impressed in the early stages, he failed to make a decisive contribution as Hungary took control of the Group F opener.
Koller said that playing Alaba in the middle, when he plays at leftback with Bayern Munich, might explain why he struggled to make the right sort of impact.
Hungary goalkeeper Gabor Kiraly celebrates after beating Austria 2-0 in their Euro 2016 Group F match on Tuesday in Bordeaux, France. The Brazilian Football Confederation (CBF) said in a statement it decided to fire Dunga and "dissolve the Brazilian national team's coaching staff" following its latest debacle.
The news came after CBF officials met with Carlos Caetano Bledorn, alias Dunga, earlier on Tuesday.
The exit from the Copa America centennial edition in the United States was the latest blow to demoralized, recession-hit Brazil.
The country is still recovering from the national team's 7-1 World Cup semifinal thrashing by Germany on home soil in 2014. After an opening 0-0 draw with Ecuador was followed by a 7-1 win over Haiti, Brazil needed a draw with Peru on Monday to reach the quarterfinals of the Copa.
Instead, it crashed out of the tournament after losing 1-0 on a disputed goal when Peru's Raul Ruidiaz appeared to bundle in a cross with his arm to score late in the second half. Brazilian media speculated Dunga would be replaced by Tite, coach of Sao Paulo side Corinthians.
The 55-year-old led the club to a double of the regional Copa Libertadores and Club World Cup in 2012. Speculation had swirled that Dunga was on his way out, although he said he was not afraid of being fired.
He had called for patience, insisting the five-time World Cup champion was in the early stages of a transitional period.
But as of Tuesday, Brazil was searching for a new coach just weeks away from hosting the Olympics in August. Dunga, 52, won the Copa America twice as a player and was captain of Brazil's 1994 World Cup-winning squad. After months of sharp recession and political turmoil, Brazilians were looking to at least lay to rest the trauma of the 2014 World Cup.
Dunga had an earlier stint managing Brazil from 2006 to 2010 and took over again from Luiz Felipe Scolari after the 2014 defeat. Brazil is currently in sixth place in its regional group, which is too low to qualify for the 2018 World Cup in Russia.
Brazilian media branded Sunday's loss a national disgrace, with newspaper O Dia describing it as "another humiliation". Head coach Antonio Conte said the 'open wound' of Italy's 2014 World Cup failure should inspire the Azzurri to success at Euro 2016 after an impressive 2-0 win over Belgium on Monday. Goals in either half from Emanuele Giaccherini and Graziano Pelle capped the triumph at Stade de Lyon. Italy sent a message in showing it plans to be a force to be reckoned with at this tournament. But Conte said the Azzurri's failure at the 2014 World Cup, where an opening win over England followed by losses to Uruguay and Costa Rica sent them home after the group stages, must inspire the squad at Euro 2016. Conte, who will leave to take over Chelsea after the finals, said the opening Group E win is not enough to make his team a favorite for the title in France. The tight spirit in the Italy camp was demonstrated when the entire squad celebrated on the pitch after Pelle's stunning tally late in the second half.
Veteran goalkeeper and Italy captain Gianluigi Buffon sprinted nearly the length of the pitch to join in the celebrations. Italy's Emanuele Giaccherini takes the aerial route in battling Belgium's Eden Hazard for the ball in their Euro 2016 Group E match at Stade de Lyon in Lyon, France, on Monday. Spain, crowned European champion in 2008 and 2012, is looking to become the first team to win three consecutive Euro titles. But on a rain-soaked pitch in windy Toulouse, 'La Roja' were frustrated until Gerard Pique headed Andres Iniesta's prefect back-post delivery past Arsenal goalkeeper Petr Cech in the 87th minute. Having lost the chance for Spain to defend its World Cup crown in 2014 when it exited at the first hurdle, Del Bosque was more than happy with a result that he said positions his squad for further group games against Turkey and Croatia. Having been booed by Spain fans earlier this season following anti-Real Madrid comments, Pique was the unlikely hero, although it was his Barcelona teammate Iniesta's superb delivery on top of an all-round, customary brilliant performance that won him the man-of-the-match award. Del Bosque preferred to concentrate on his side's display as a whole, adding: "Iniesta played well, but this is not the time to speak about individuals. But the wily Spaniard was quick to comment on Casillas, who in spite of helping Spain to its previous two titles and a World Cup trophy in 2010, spent the game on the substitutes bench.
Del Bosque instead gave the nod to Manchester United keeper David De Gea, a gesture that was regarded as a show of support after reports last week linked the 25-year-old to a sex scandal.
Yet, apart from a last-gasp try by Vladimir Darida that De Gea did well to save, Spain's backline came under little threat during an outrageously one-sided encounter. Cech was kept on his toes throughout, producing a string of saves on Alvaro Morata, David Silva and Jordi Alba in the first half alone.
He hardly had time to warm up for the second half before Spain laid siege to his goal again.
Cech blocked a drive from Sergio Ramos before seeing Alba miss an easy chance and then Silva fire just wide of the target. Cech was finally left helpless when Iniesta floated in a cross for Pique, who headed home from just inside the six-yard box to send the Spanish fans into wild celebration.
Vrba, who led Viktoria Plzen into the group stages of the Champions League on two occasions, said Spain was simply too strong. Vrba said his side set out to "keep the Spanish out of our area, but there is no single way of breaking down this team. He said no draw for a FIFA event was fixed during his 18 years at the helm of world soccer's governing body, but he claimed to have seen it done for European competitions.
Blatter, 80, defended himself and FIFA against the corruption accusations that have thrown the organization into turmoil and led to the arrest of a long list of global soccer officials.
Pressed by his interviewer, who said Argentines "think Grondona would be in prison" if he were alive, Blatter said he had fond memories of the powerful South American soccer honcho - except for the fact he used to fall asleep during meetings. He also recalled Grondona's reaction when Argentine superstar Diego Maradona was randomly selected for doping tests during the 1994 World Cup - which he failed. Booed every time he touched the ball, LeBron James sliced through Golden State's defense and made layups look easy. King James and Irving thoroughly overpowered the defending champions from every spot on the floor, and the Cavaliers are still alive to chase that elusive championship. The unflappable, determined-as-ever James had 41 points, 16 rebounds and seven assists, Irving also scored 41 points and Cleveland capitalized on the absence of suspended star Draymond Green, staving off NBA Finals elimination with a 112-97 victory in Game 5 on Monday night. James and Irving became the first teammates to score 40 points in an NBA Finals game as the Cavaliers pulled within 3-2 and sent the best-of-seven series back to Ohio.
James will have much more to say about these playoffs before he's done - and not with his mouth, even as the criticism came from all directions following his Game 4 tussle with Green and reaction to what he considered the Golden State forward's inappropriate words. James was booed again as the Cavs left the court for their locker room, but thousands of fans had already made for the exits minutes earlier.
Cleveland handed the Warriors just their fourth loss all season at sold-out Oracle Arena, denying MVP Stephen Curry and company a chance to celebrate another championship with their golden-clad "Strength In Numbers" supporters.
Now Golden State must try to win on the road - like last year and in its only other championship season out West, in 1975.
Banned from the arena, Green watched from a baseball suite in Oakland Coliseum next door, joined by Golden State general manager Bob Myers. The All-Star forward was suspended on Sunday for his fourth flagrant foul of the postseason. Tied 61-61 at halftime on Monday, the Warriors missed 14 of their first 20 shots after the break and were just 7 for 24 in the third as James and the Cavs grabbed command by doing all of the little things at both ends of the floor - the very intangibles Golden State desperately missed without Green's high-energy presence.
James jumped in the passing lanes to create defensive havoc, flipped passes around and consistently got open. Klay Thompson scored 37 points with six 3-pointers and Curry added 25 points with five 3s, seven rebounds, four assists and two blocked shots. But as the game wore on, the Splash Brothers shot airballs and clanked 3-point tries off the front rim. James and Irving combined to shoot 33 for 54, while the Warriors went cold and finished 36.4 percent from the field.
Andre Iguodala had 15 points, 11 rebounds and six assists starting in place of Green, but Oakland must hold off in planning another victory parade for now.
Irving's three-point play with 7:30 remaining put Cleveland ahead 102-92, and the Cavs kept pushing.
Former Orlando Magic star Grant Hill spoke on behalf of the NBA in offering support, thoughts and prayers to victims in the Orlando mass shooting before a moment of silence ahead of the tipoff.
The sides are close to reaching agreement on a three-year contract extension, three sources with direct knowledge of the situation told Associated Press. Kidd is entering the last year of a three-year deal with Milwaukee initially signed in 2014. Kidd also coached in Brooklyn for one season, guiding the Nets to a 44-38 record and a playoff appearance in 2013-14.
Bucks co-owner Wes Edens has said the team does not talk about contracts during the season.
But there is hope for the future, starting with young core forwards Jabari Parker and Giannis Antetokounmpo. In particular, the 6-foot-11 Antetokounmpo flourished under Kidd after the All-Star break as Milwaukee's primary ball-handler. Guard Khris Middleton has also developed into an all-around player and crunch-time shooter.
The Bucks plan to open a new downtown arena in 2018, in time for the second season of the potential three-year extension with Kidd. Golden State Warriors' Klay Thompson dunks against Richard Jefferson of the Cleveland Cavaliers during the second quarter of Monday's Game 5 of the NBA Finals at Oracle Arena in Oakland. Brazil needed only a draw to qualify for the quarter-finals but lost after Peru's Raul Ruidiaz appeared to bundle in a cross with his arm to score the only goal late in the second half. After months of sharp recession and political turmoil, Brazilians were looking to lay to rest the trauma of their 7-1 World Cup semifinal loss to Germany at home in 2014. The Brazilian coach called for patience, insisting the team was at an early stage of a transitional period.
Meanwhile, US coach Jurgen Klinsmann on Monday called on authorities to introduce video technology after Brazil's controversial exit. The German World Cup winner said the use of instant replay technology was long overdue and had left soccer decades behind sports such as basketball and American football, which had already embraced it. The International Football Association Board (IFAB), which governs the rules of the game, approved in March the testing of technology to help match officials. FIFA president Gianni Infantino said the technology could be ready for use in the 2018 World Cup in Russia. The IFAB-sanctioned trials will allow referees to call on video assistance to help determine four categories of game-changing moments - goals scored, red cards, penalties and mistaken identity. In the experiments, a video assistant referee will have access to video replays during matches and will either review an incident on request or communicate with the referee about an incident that may have been missed by the officials on the field of play. The National Basketball Association, National Football League, National Hockey League and Major League Baseball have all embraced video technology to assist in adjudicating disputed calls. The agreement frees Bartomeu and his predecessor Sandro Rosell from possible criminal proceedings that could have landed them in jail. Neymar's arrival in 2013 has been a huge success for Barca on the pitch but a judicial nightmare off it. The 24-year-old is being investigated in Brazil and Spain over his shady transfer from Brazilians Santos to Barca. Catalans Barcelona originally published the transfer figure as 57.1 million euros, with 40 million of that total given to the player's family. Brazilian investment fund DIS, which held 40 percent of Neymar's sporting rights when he played at Santos, claims it was cheated out of its real share of the transfer due to parallel contracts that Barcelona and Santos allegedly used to hide the true cost. But Spanish judicial authorities believe another 26 million euros from the parallel contracts were shared between Neymar, his family and Santos, with DIS and the taxman missing out on their cuts. Barcelona had already made a voluntary 13.5 million euros tax payment after being indicted for alleged tax fraud.
Sidney Crosby let out a triumphant yell as he hoisted the Stanley Cup, then he broke into a wide smile. The seven years of adversity since the 28-year-old Canadian last held the oldest trophy in North American pro sports were firmly in his past.
The Pittsburgh Penguins surround captain Sidney Crosby in posing with the Stanley Cup after beating the San Jose Sharks 3-1 in San Jose, California, on Sunday night. A kid no more and surrounded with new talent, Crosby set up both Kris Letang's go-ahead goal midway through the second period and Patric Norqvist's late clincher into an empty net as Pittsburgh won its fourth Stanley Cup in franchise history by beating the San Jose Sharks 3-1 in Game 6 on Sunday night.
Brian Dumoulin opened the scoring with a powerplay goal for Pittsburgh while Matt Murray made 18 saves to give the Penguins the Cup seven years to the day after they beat Detroit for their third title. Three nights after squandering a chance to become the first Pittsburgh sports team to win a title in front of home fans in 56 years, the Penguins finished the job on the road just like they did in Minnesota (1991), Chicago (1992) and Detroit (2009) in past title runs.
The championship in Detroit was supposed to be the first of many for a team led by players like Crosby and Russian star Evgeni Malkin, but a series of concussions cost Crosby almost an entire season and a half. Then there was a string of playoff disappointments that included twice blowing 3-1 series leads. This didn't seem like it would be a season to remember back in early December when the Penguins were near the bottom of the standings in the Eastern Conference and coach Mike Johnston was fired.
But led by coach Mike Sullivan, the Penguins recovered to make the playoffs as the second-place team in the Metropolitan Division after some shrewd moves by general manager Jim Rutherford, who put together the 'HBK line' of Carl Hagelin, Nick Bonino and Phil Kessel over the past year as well as other key acquisitions. Pittsburgh knocked off the New York Rangers in the first round, the Presidents' Trophy-winning Washington Capitals in round two and then rallied from a 3-2 series deficit to beat the Tampa Bay Lightning in a grueling Eastern Conference final. They did not trail until Game 5 at home and responded to a strong push from San Jose in the clincher to avoid a decisive seventh game. Pittsburgh held San Jose to just one shot on goal in the first 19 minutes of the third period to preserve the one-goal lead.
Logan Couture scored the lone goal for the Sharks, who were making their first trip to the final in their 25-year history. The evolution of sport demands Darwinian natural selection in determining the all-time greats. Pure talent and big numbers are obviously important, but longtime physical dominance combined with intangibles like showmanship and charisma also factor into the equation. Look at it this way: If prodigious numbers were the truest measure of athletic immortality, Barry Bonds would be as revered as Mickey Mantle, Wayne Rooney would inspire Maradona-like rapture and Wladimir Klitschko would be mentioned in the same breath as Joe Louis.
But history has a way of elevating a chosen few, bestowing upon them an almost indefinable constant that survives long after their records are broken.
In hockey, for my money the greatest of the great was Gordie Howe, who died on June 10 at age 88.
Like Ruth, Pele and Ali, at the peak of his powers Howe was bigger than the sport that made him famous. Over the course of 32 seasons in the National Hockey League and the World Hockey Association he rewrote the record book, putting up numbers that stood for decades until Wayne Gretzky eclipsed them in the diluted NHL of the 1990s.


A farm boy from the hamlet of Floral, Saskatchewan, Howe debuted with the Detroit Red Wings as a teenager in 1946, and from 1950 to 1971 he never finished lower than 10th in league scoring. He retired at age 44 in 1971 and was immediately inducted into the Hockey Hall of Fame, which waived its usual five-year wait rule.
In six WHA seasons, Howe twice broke the 100-point plateau and led the Aeros to a pair of championships. What sets Howe apart from Gretzky, Bobby Orr, Bobby Hull and Maurice Richard in the pantheon of hockey's all-time greats was the way he played the game - with an edge.
Gretzky and Orr had more pure talent and Hull and Richard were more electrifying to watch, but Howe was the ultimate combination of sublime natural ability, physical strength and cold-blooded tenacity.
As Sports Illustrated once observed: "Despite an even temperament and a genuine distaste for combat, there is a part of Howe that is calculatingly and primitively savage. I had the pleasure of interviewing Howe several times, and he once invited me to join him on an autograph tour of Western Canada. Nico Rosberg apologized for his language on Sunday after saying on live television he was "pissed off" after a first-corner tussle with Mercedes teammate Lewis Hamilton in the Canadian Grand Prix.
The 30-year-old German leader of this year's drivers' world championship made the comment on Sky Sports after a clash with Hamilton saw him drop to 10th at the end of the opening lap. Mercedes driver Lewis Hamilton strikes a pose after winning the Canadian Formula One Grand Prix in Montreal on Sunday. Hamilton survived the skirmish and went on to win the race, his second successive victory, fifth in Canada and the 45th of his career.
Rosberg recovered, endured a slow tire puncture, a lack of fuel and another late off-track skirmish to finish fifth. For Rosberg, the season has been turned upside down since he and Hamilton collided in Spain. In his first four races, he scored 100 points to move 43 clear at the top of the championship. In the three that followed, he has scored 16 and now leads his teammate by only nine points. Hamilton won the Canadian Grand Prix for the fifth time and paid tribute to the late boxing great Muhammad Ali after cutting Rosberg's championship lead to just nine points. After exiting his ride, Hamilton did an 'Ali shuffle' in another show of respect for the former world heavyweight champion whose funeral was last Friday.
Ferrari's Sebastian Vettel finished second and Finland's Valtteri Bottas was third for Williams, but 46.4 seconds behind the winner. Vettel made a lightning start from third on the grid to blast past both Mercedes and grab the lead of the 70-lap race at the first corner.
Rosberg got alongside Hamilton, who made another sluggish start, but he refused to yield as they fought for the tight space and their wheels banged, forcing Rosberg onto the grass. The collision was not on the scale of their crash in Barcelona last month, which took both of them out. Just weeks after he had doubts about even making it to the European Championship, a faultless performance by Jerome Boateng at the heart of Germany's defense helped the world champion make a winning start to Euro 2016 on Sunday. Having just recovered in time from a January leg muscle injury that put his entire season in doubt, the Bayern Munich defender proved his class in a hard-fought 2-0 win over Ukraine. Germany's Bastian Schweinsteiger celebrates after notching his team's second goal against Ukraine in their Group C match in Lille, France, on Sunday. Rarely caught out of position, Boateng saved Germany on several occasions and impressed with his accurate passing - keeping an eye open for teammates and almost always making the right choices. Although playing in central defense, Boateng also stepped in when Germany backs Jonas Hector and Benedikt Hoewedes failed to stop versatile Ukraine wingers Andriy Yarmolenko and Yevhen Konoplyanka. The highlight of Boateng's 60th international game for Germany was his acrobatic save in the 37th minute. Konoplyanka beat goalkeeper Manuel Neuer from close range, only for Boateng to kick the ball off the line while falling backward into the net. For Ukraine, it rekindled unhappy memories of an incident that marred its game against England as co-host of Euro 2012. Back then, striker Marko Devic was denied what appeared to be a goal when his brilliant effort was hooked away by defender John Terry.
Referee Martin Atkinson didn't need the technology on Sunday, immediately waving aside protests from Ukraine's sideline. Loew was full of praise for Boateng, who was a key factor in Germany's victory at the 2014 World Cup.
Boateng's inspired performance on the pitch came two weeks after he found himself in the middle of a racism controversy off the field. A top member of a German nationalist party reportedly told a national newspaper many people wouldn't want to live next to Boateng, whose was born in Berlin to a father from Ghana. The remarks drew widespread protests and prompted fans to unfurl a banner reading "Jerome be our neighbor!" at Germany's friendly against Slovakia the same day. Defiant Brazil manager Dunga on Sunday brushed off suggestions that early elimination from the Copa America would cost him his job, telling reporters that he feared "only death" and not unemployment.
There was immediate speculation over Dunga's future after Peru's contentious 1-0 win eliminated Brazil in the group stage, but the former World Cup-winning captain expects to be leading Brazil at its home Olympics in Rio de Janeiro in August. Peru's Raul Ruidiaz scores past Brazil goalkeeper Alisson in the second half of their Copa America Group B match on Sunday in Foxborough, Massachusetts. Dunga bemoaned the impatience of his critics at home and repeated his mantra that restructuring the game in Brazil would take time after a painful 2014 World Cup campaign. The former Internacional, Fiorentina and Stuttgart midfielder was given the task of reviving Brazilian soccer after a humiliating 7-1 loss to Germany in the semifinals of the tournament it hosted two years ago.
However, after a bright start to his second spell in charge, Brazil was knocked out of last year's Copa America at the quarterfinal stage and currently sits sixth in South America's 10-team qualifying group for the 2018 World Cup. Dunga has failed to make many friends with his combative approach, and the knives are being sharpened after the eight-time Copa America champion failed to make the second round for the first time in 29 years. Substitute Raul Ruidiaz's hotly disputed goal was the difference in Foxborough, Massachusetts on Sunday. The Peruvian forward appeared to use his hand to score from close range with 16 minutes remaining and after a long delay while the referee consulted with his assistant while taking advice through an earpiece, the goal was allowed to stand. Television images showed Ruidiaz grinning after the goal was awarded, but the Brazilian players were seething with anger at a decision that sent them tumbling out of the tournament before the knockout stages for the first time since 1987. Dunga blamed the loss on the officials and appealed for time to revamp the national side, which is widely held to be one of the weakest Brazil teams in decades. Once the return is accepted for refund, you would be contacted by our Customer Care team for product collection. At GM, They believe in constant innovation and they are the market leaders in switches and other home electrical accessories.
As the Chinese government attaches increasing importance to innovation and entrepreneurship, the Xi'an zone, which has helped thousands of startups grow and develop, is expected to see faster growth in the coming years. Among them, the scale of technological services has been growing rapidly and accounted for more than 40 percent of all service businesses in 2015. It is home to thousands of software companies, providing high-quality products and services to the world.
The amount is expected to surpass 300 billion yuan by 2020, with around 230,000 employees forecast to work in the sector by then. It has invented a hands-free camera drone designed for outdoor enthusiasts who enjoy capturing and sharing great moments. Its users cover more than 200 countries and regions with an output value of 1 billion yuan. Strategic emerging industries such as those listed are expected to account for more than 40 percent of the zone's industrial added value. About 200 Fortune 500 companies are forecast to invest in such facilities as offices, manufacturing centers or innovation centers in the zone. The representative predicted that the zone would have around 80,000 high-tech companies and more than 200 companies with global influence by 2025.
Many fruits are able to be picked up in Taiwan in the morning and sold in Fujian in the afternoon. We can offer packaging and posting services to airports or railway stations for our customers from the mainland," said Gao Qing, manager of Lion Travel Fujian. These encourage the exploration of new models of industrial cooperation between Fujian and Taiwan, building a new mechanism to promote two-way investment and promoting the free flow of goods and service elements on both sides. Upholding that political foundation, the cross-Straits relationship is able to look forward to a prosperous future," Yu said. Taiwan's young people and farmers will be invited to visit villages in Fujian that share the same names as those in Taiwan. Visitors can sample meat products, rice noodles and sausages from Taiwan at the fair, the organizers said. This is why I expect economic, trade and investment cooperation between Germany and China to occupy a large portion of the chancellor and her cabinet's discussions. According to German and European statistics, our trade volume in 2015 remained basically unchanged at 163 billion euros ($185 billion). This can partly be explained by difficulties in the Chinese industrial sector in 2015, which depressed demand. This is an EU matter, in which Germany, as the EU's largest member state, has an important stake. Thus we are now importing more chemicals, electrical products and machinery from China than before.
In Germany we are producing high-tech solutions for machines used in the manufacturing industry, while in China there is vast potential for the use of such machines. Indeed, with the 'Made in China 2025' long-term strategy bearing more than a vague similarity to Germany's 'High-Tech Strategy 2020', it would seem that our countries intend to move down similar paths.
China kept its position as Germany's top foreign investor in 2015 in terms of total number of projects with 260, with 28 percent of these being related to either machines and plants or electronics. This ensures that we have a talented and balanced labor force filling a wide range of diverse and important roles. As we have seen, many Chinese investors are already taking advantage of these opportunities and are creating excellent value for both countries. When President Xi Jinping proposed the initiative he demanded improvements in infrastructure access and interconnection with China's neighboring countries.
Due to their technology and engineering know-how, European companies can participate in infrastructure projects. Furthermore, European authorities are powerful but sometimes their capabilities to support investment decisions are limited. Outsource whatever is not your core business to professional partners - no matter if these are Chinese or German firms; accept that quality has its price and be sure your business plan includes spare capacity for all possible events. In this transaction we advised the Chinese side with a holistic approach from a legal, tax and economic perspective. The economic recovery in industrialized nations contrasted with falling growth rates in developing and emerging economies.
The rail vehicle markets in the region were dominated by demand from the high-speed sector in China.
To further reinforce its strong market position in China, last year Knorr-Bremse expanded its plant in Suzhou and concluded a joint venture agreement with partner company Guotong. We have operated 14 production plants in China, including group divisions and two joint ventures for train doors and train HVACs - one in Qingdao and another in Wuxi - for 10 years.
In 30 countries, some 25,000 employees develop, manufacture, and service braking, entrance, control, and energy supply systems, HVAC and driver assistance systems, as well as powertrain and transmission control solutions. After it exported its high-quality treatment solutions and services to China, many customers have received vision impairment treatment.
It performs refractive surgery, from laser to lens surgical procedures, that treat nearsightedness, farsightedness, cataracts, presbyopia and other eye afflictions. This can ensure German doctors are always on duty at China's clinics and provide services to patients in China," he said. The technology allows surgeons to carry out precise cuts in targeted areas without damaging surrounding tissues.
Its 3-D surgical platform lets surgeons execute many challenging steps during cataract surgery.
The LASIK TV seal of approval testifies to a clinical organization's level of standard and can help inform a patient in choosing a professional LASIK clinic. So we help patients choose the treatment solutions that are most suitable to them," he added.
We ensure that Chinese patients here can receive the same industry-leading treatment as we do in Europe, from technology, equipment to service and doctors," he said.
They are among the most surgically experienced eye surgeons in Germany in laser eye and intraocular surgeries.
First he sold T-shirts at a night bazaar, then owned a karaoke bar, which did not last long, and later opened a bakery on the main road. However, he says he soon found that managing a business was a lot harder than he had expected. There were a few exceptions, such as Wang Jianlin, the real estate tycoon, and Liu Chuanzhi, founder of the Lenovo Group Ltd, who would make their mark not only in China but around the globe, and others who did reasonably well, or even better, and retired. The central government is also considering a negative list mechanism to make it easier for startups to do business with state-owned enterprises. There has also been a lack of incentives to startups hungry for liquidity to borrow money from banks at special rates. Preqin Ltd, a research firm in London, says venture capital firms invested in 1,555 deals in China last year, spending $37 billion (33 billion euros), more than double the sum of the previous year.
To fill the long hours of the day I would seek interview assignments from editors who were short-handed.
When the Chinese leader Deng Xiaoping revitalized the process of economic reforms in 1992, hundreds of thousands, if not millions, of government officials, university faculty members, researchers and other public sector employees gave up their "iron rice bowls" to set up private businesses.
I had begun to think I wasn't too bad a reporter after all, and would have asked my boss for a transfer to the reporter's section, were it not for a senior colleague who poured cold water on my aspirations, saying I had yet to figure out what the term entrepreneur really meant.
In his early 50s, Xiao quit his job in research and set up a health drink manufacturing company based on his own patented formula. Among the many who ventured into new businesses in those years, more than half were failures. In 2005, a bid of $18.5 billion by China National Offshore Oil Corporation for control of Unocal, then a US oil and gas company, fell flat. One of the main reasons is that Chinese companies have had little knowledge of industrial systems in other markets.
Europe, the United States and Japan each have about 40 percent of their business assets overseas, and the figure for China is just 8 percent, Morning Whistle says.
But a front-page lead that had appeared just three weeks earlier, on May 7, 1982, indicated who they might be. I had just joined the staff, freshly graduated from college after receiving "re-education" on farms during the "cultural revolution" (1966-76).
It was not until the early years of the 1990s when the concept of market economy was written into China's top-level official document. At the age of 27 the nurse was among just a handful her hospital chose to send to study in Japan - at the Chinese government's expense. That is hard to credit these days when you consider the international educational opportunities now available to Chinese. However, unlike his mother two decades earlier who had to rely on government funding, his family paid his way.
I had the necessary qualifications, so it was relatively easy to get offers from Australian universities," says Sun, 23, who opted for Monash over Sydney University and Queensland University and is now in his last year of a bachelor's degree in journalism.
Those willing to pay their own way would no longer be required to pay a fee to the government, and in the late 1990s agencies that helped with applications to study at overseas tertiary institutions were set up, and the number of those making applications began to surge. The 2015 Open Doors Report by the Institute of International Education says China became the top country of origin for students going to the US in the 2009-10 academic year.
After graduating from a high school in Beijing, Zhou went to the US to pursue a bachelor of arts degree in communication and French literature in 2014. According to official figures, there are a million Chinese pursuing higher education in other countries.
Studying abroad was then beyond our wildest imagination - no channels to contact overseas universities, no idea about the application procedures and, importantly, no money.
Anyway, the upshot is we both got nods from a university, promising to cover everything except the airfare. With less than $30 in pocket for emergencies, I set off, excited, expectant, and a little scared.
I saved most of the food allowance to buy a camera, a tape recorder and a color TV - all luxuries then. A local newspaper even sent a reporter and a photographer on a two-hour assignment - the first hour watching me cutting and stir-frying; and the second enjoying my 10-course feast. Each weekend, I would be invited by local friends to their homes for dinner - which I had to cook.
The fishermen tie a snare near the base of the bird's throat which stops it from swallowing larger fish. Liz, the mother, says she came to China after being inspired by the photos of the two fishermen and that taking nice photos in Guilin was the sole aim for the trip.
You know you're going to be put under a lot of pressure on basically every single shot you hit out there. That trip covered 2,400 miles, but this time Mickelson might want to leave a little earlier. The US Open that year was also the last for Arnold Palmer, who learned the game at nearby Latrobe Country Club and whose swashbuckling style and winning ways took golf from a niche sport for the country-club set to a TV audience in the millions.
It's one flight the Warriors surely would have preferred not to take at this road-weary stage of another extra-long season, but it will be well worth it if they hoist a second straight trophy when these Finals finally end. Free Draymond!" and large cutouts of his face waved from all corners of Oracle Arena as he watched from a baseball suite next door in the Oakland Coliseum. If you're taking any medication it's your responsibility as the athlete to check and make sure that what you're taking is legal.
But Rose doesn't want to hear any suggestion that his record of 4,256 career hits is being broken, because they were all made in Major League Baseball. Iceland's dogged defense was capped by an outstanding display by goalkeeper Hannes Halldorsson. We were on top, we were the better team and we played better football, but Iceland is a good team and played a lot of long balls, which caused us problems. Apart from one or two situations, we were really focused and it was a total team victory for us," Hallgrimsson said. It's unfair to put a player to mark him, so it has to be a team effort," Hallgrimsson said. Substitute Zoltan Stieber added the other after Austria was reduced to 10 men when Aleksandar Dragovic was shown a second yellow card.
He ran into the box and latched onto the return pass before blasting a shot under Austria goalkeeper Robert Almer. He nearly scored in the opening minute but his 25-yard effort hit the bottom of the right post. He led the national team to victory in the Copa America in 2007, the Confederations Cup in 2009 and a bronze medal at the 2008 Olympics.
But he hopes the victory will boost confidence for upcoming games against Sweden and the Republic of Ireland. They tried to find something on me, but they won't find any (evidence) I violated any Swiss law," said the ex-FIFA boss, who has been suspended from soccer for six years over a payment of two million Swiss francs ($2 million) to Michel Platini, the former head of European soccer governing body UEFA. He was assessed a retroactive flagrant-1 for his swipe at James in the fourth quarter of Friday's Game 4. He is 74-90 over his first two seasons with the Bucks, including 41 wins and a playoff appearance in 2014-15.
If that comes up some time this summer, then we'll address it," Kidd said before Milwaukee's season finale in April. It was sealed when Crosby blocked a shot from Marc-Edouard Vlasic that set up Hornqvist's empty-netter. Mantle, Maradona and Louis achieved that level of reverence - but they in turn can't hold a candle to the greatest of the great in their respective sports: Babe Ruth, Pele and Muhammad Ali. And because today's version of the game has sadly become so civilized, we will never see the likes of him again. He transcended the boundaries of athletics to become one of the most famous Canadians to ever stride the international stage. Throw in four Stanley Cup championships, six Hart Trophies as league MVP, six scoring titles and an astonishing 23 All-Star selections, and it only tells half the story. Two years later he made a comeback with the Houston Aeros of the WHA, becoming the first athlete in major pro sports to play alongside his sons. When the rebel league merged with the NHL in 1979, he played one more season with the Hartford Whalers before finally hanging up his skates for good at the ripe old age of 52. He even had a statistic named for him, the 'Gordie Howe hat-trick' (a goal, an assist and a fight).
Soft-spoken and unfailingly polite with fans, he was the polar opposite of his on-ice persona.
That's for Muhammad Ali," the triple world champion said over the radio after taking the checkered flag at a cold Circuit Gilles Villeneuve. The incident gave new impetus to the discussion about goal-line technology, which is now in place at Euro 2016.
You will need to retain the item with all its seals and trappings (boxes, bags, tags, stickers etc.) intact along with the Original Invoice.
Founded in the year 2002, they have always been in the forefront of innovative home electrical solutions that have exceeded market requirements and expectations. The Skye Orbit is a quadcopter drone that allows for precise auto follow tracking and instant social sharing. China and Germany are anchors of stability and each other's most important partners in their respective global regions.
On the investment side, things are even brighter: Germany's investment in China, already the biggest from Europe at around 60 billion euros, continued to climb. In order to sustain and even accelerate present dynamics, there are some questions that need to be addressed.
Another explanation could be that German goods have become less competitive in China and Chinese goods have caught up. At the same time, it has lowered domestic barriers to outward investment by Chinese companies. The relationship between our countries has developed to the stage where our economies are highly dependent upon each other, so it is of paramount importance that we maintain our excellent relationship. They form the backbone of our economy, which remains Europe's largest and most robust, even in the wake of the numerous economic shocks that have rocked us over the past decade.
The initiative can also increase China's outbound investment activities to assimilate specific knowledge from abroad. This acquisition by Skyworth is a best practice example for China's going-out strategy and outlines the path of Skyworth's internationalization strategy by entering the German and European markets.
The global market environment for rail vehicles remained stable compared to the previous year.
Knorr-Bremse supplied braking equipment for 521 high-speed trains in 2015, as well as a proportion of the entrance and heating, ventilating, and air conditioning systems, to a total value of more than 500 million euros.
He obtained a doctorate in computer vision from Brown University in Providence, Rhode Island, returned to China in 2013 and founded the company DeepGlint. After my interview with him was published in China Daily, several companies, including a South Korean conglomerate, called me. Xiao has stayed in my memory not because of his achievements but because of his refusal to let go of his dream as long as he could. That too was the fate that Aluminum Corp of China had to accept after it offered $19.5 billion for a partnership with Anglo-Australian company Rio Tinto Group, one of the two largest suppliers of iron ore in the world, in 2009. Foreigners' equity in a Chinese company was an issue subject to the universal standards of law, and no longer politically sensitive.
They repaid me with a full-page feature and a huge picture of me wearing a fancy Aloha shirt, smiling broadly with a Chinese kitchen knife. There were so many invitations that it was then I learned the expression "let me check my schedule". Henderson's victory pushed her over $1 million for the year, the third player this year to cross that mark. At one stop, an elderly woman gently chided him for being "too rough" in the 1974 Friendship Series between the WHA and the old Soviet Union's national team. At GM innovations are the result of a strong R&D team which is further complimented by an equally dedicated and capable product design team.
Despite different political systems, our approaches to a large number of international issues are similar.
Reliable aggregate data is hard to come by, but fresh direct investment into companies in China climbed to 4 billion euros. Thus, find an advisor who is familiar with German and Chinese affairs, and who will explain to you the processes and organizational steps. Knorr-Bremse Rail's latest joint venture with Guotong began construction in late 2015, which will produce braking, door and HVAC systems for commuter and intercity trains. The company, in the northwestern suburbs of Beijing, develops technologies that allow computers to understand three-dimensional images they see and respond to constantly changing visual content.
They wanted to either buy the formula or start a joint venture with Xiao and I helped set up the meetings for him. Years later I read an interview in which a top foreign business leader made the same assertion. His businesses, however, declined steadily for lack of fresh investment and went bust in two years. But I was not clear what overseas investment was and why it was so important as to deserve to be a front-page lead.
You have to be prepared for how mentally demanding it's going to be, how much concentration you're going to need out there. Achieving consensus, not shying away from disagreements but preventing them from spinning out of control has been a hallmark of our relationship. Chinese investment in Germany is heavily concentrated in the high-tech sector and, on top of greenfield investments, is targeting more and more companies for acquisitions, such as the leading robotics company Kuka, which just received a takeover offer by Chinese consumer products company Midea.
However, in the same year, German exports to the highly competitive United States increased by almost 20 percent.
Addressing asymmetries in trade and investment would certainly help to put the issue back on a rational track. Increasing truck outputs in Western Europe, North America and Japan contrasted with declining production in China and Brazil.
It will also act as a regional service and maintenance hub for South China, with a plant, which is located in the Guangdong Railway Industrial Park, due to go into operation in 2017. At the time, Xiao was desperately in need of new funding to scale up, but never budged from his position. In the present global situation, this sober approach could help avoid dividing the world into rival camps. Unlike in other countries, Chinese investment in luxury real estate and other nonproductive areas in Germany is limited. To the equally highly competitive midsized economies of South Korea, Singapore, Hong Kong and Taiwan, they increased by almost 10 percent. We must both work hard to make sure that investment keeps flowing, hopefully with a sustained upward trend.
If he did not have the funds, the "baby" wouldn't grow the way he wished, but that was not good enough reason for him to sell it off to a richer adoptive father. Openness, mutual trust and robust legal frameworks based on international laws have their rewards.
In the current global economic climate, which is shaky at best, trade conflicts between the world's top two traders are the last thing we need.
However, as there are no registration requirements for foreign takeovers of midsized companies, we do not have very reliable data. In trade, it is not just a slogan but a truth based on hard facts and figures that Germany and China work for mutual benefit. If we both intensify our efforts to achieve tangible progress on lowering the number of government and administrative licenses, more rigorous implementation of laws and reducing the parts of the economy closed to foreign investment, our economic relationship will have the potential to be second to none. In a five-week span, the schedule goes from New Jersey to the Seattle area to Michigan, Arkansas and then Oregon.




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