The 40-year-old Wang Xing, chairman and CEO of M

eituan Dianping, China’s leading on-demand online service provider, is the youngest among China’s 10 most powerful businesspeople, according to the list. Dong Mingzhu, chairwoman of Gree Electric Appliances, a major home appliances maker based in Zhuhai, Guangdong province, is the only woman entrepreneur on the top 10 ranking, placing seventh. Xu Jiayin (Hui Ka Yan), chairman of China’s property developer Evergrande Gro up, and Lei Jun, founder of smartphone maker Xiaomi Group, also made the top 10. The China Consumers Association said Wednesday that financial servi ces in automobile sales should be clearly priced and forced transactions eliminated. The association …

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al violations at sites that supply drinking water. As of the

 of last year, all but nine of 6,251 violations that inspectors found had been corrected, at a total investment of 41 billion yuan ($6.1 billion) in 31 provincial regions. According to the top environmental watchdog, 3,740 industrial enterprises wer e relocated and 1,883 wastewater outlets were shut down during the campaign. “In the long run, the campaign will help curb pollution at sites that supply drinking water and prevent more of them from being abandoned due to pollution,” Ma from the institute said. There are specific dos and don’ts at these sites, but some of the restrictions will be lifted …

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Luckin recorded 375 million yuan in revenue while

 the loss and gross margin were 875 million yuan and -433 million yuan in the first nine months of last year, according to NetEase, citing the firm’s financing plan. In April, the firm mortgaged its movable properties in Beijing, Shanghai, Guangzhou, Shenzhen and Chengdu to raise money. Earlier reports, including by Reuters, said the coffee chain had tapped Credit Suisse to w ork on an IPO to raise $300 million on the US market as soon as in the second quarter of this year. On April 10, Luckin announced plans to build new stores in ano ther 14 Chinese cities …

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Scientists said the research, also published in Nature

could open up new prospects for medical research.Huawei’s Ren named China’s most influential business leader The 74-year-old Ren Zhengfei, founder and CEO of Huawei Technologies, is the most influentia l business leader in China, according to the latest ranking released by business magazine Fortune’s Chinese edition. Pony Ma Huateng, founder and CEO of tech giant Tencent, came i n second followed by Chen Dongsheng, founder, chairman and CE O of Taikang Insurance Group. Alibaba chairman Jack Ma grabbed fourth place this year. These business leaders’ values were not only reflected in the successful m oments of their companies, but also, …

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Yangtze bridge stands the test of timespecial meaning

In the more than three months since it reopened to the public after repairs, more th an 70,000 vehicles a day on average have crossed the Nanjing Yangtze River Bridge in Jiangsu province. The number of vehicles traversing the bridge, which reopened in December, is just half that for each of the other three structures spanning t he river in Nanjing, while Line 3 of the city’s subway system carries more than 800,000 people across the river every day. But despite its relatively meeker traffic flows, people from across the country visit Nan jing just to see the bridge, especially …

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Top 10 Chinese cities with the most job opportunitie

Guangzhou in South China’s Guangdong province provides the most job opportunities in enterprises in the first quarter of this year, a report said. With development of the Guangdong-Hong Kong-Macao Greate r Bay Area set to begin, Guangzhou witnessed 24.95 percent year-on-year growth in recrui tment demand in Q1, according to the report by 58 Tongcheng Recruitment Research Institute. First-tier cities including Beijing and Shanghai continue to provide the largest job markets i n China, while new first-tier cities such as Chengdu in Southwest China’s Sichuan province and Hangzhou in E ast China’s Zhejiang province show strong momentum in recruitment demand growth. …

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Poverty alleviation high on agenda during president’s

President Xi Jinping is paying great attention to poverty reductio n work during his inspection tour of the mountainous Chongqing municipality. Immediately after Xi got off his plane on Monday he boarded a train and then traveled by road, heading to a primary school and a village in the Shizhu Tujia autonomous county, in a remote part of Southwest China. To build a moderately prosperous society, it is crucial to raise rur al living standards, Xi said while visiting the home of Ma Pei­qing, an 85-year-old farmer in the village of Huaxi, Zhongyi township, who joined the Communist Party of …

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A report released in August by the Center for China and

 Globalization said about a third of graduate returnees to China with four-year degre es currently earn less than 6,000 yuan ($893) a month, while 25 percent make between 6,000 and 8,000 yuan. For students graduating with four-year degrees from China’s top 100 schools, monthly salaries range between 6,000 and 9,000 yuan, according to a Guangming Daily report. The salaries awaiting returnees to China are paltry compared with the high cost of overseas stu dy, which has risen to an average 300,000 yuan per year for tuition, room and board, the CCG report said. According to the 2018 Report on Chinese …

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However, experts believe an overseas education sho

uld not be viewed purely from the perspective of return on investment, because the experience can help students develop valuable, nonacademic skills. China will continue to significantly relax market access, and create a more attractive investment and business environment, Finance Minister Liu Kun has said. Liu made the remarks when attending a ministerial-level luncheon durin g the 99th Development Committee meeting held by the World Bank and the Inter national Monetary Fund on April 12 and 13 in Washington, D.C., according to China’s Ministry of Finance. Vice-Finance Minister Zou Jiayi attended a ministerial-level meeting and gave a speech. The finance …

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es for exNo shutdown of smartphone business

Image-editing app developer Meitu Inc stated, in response to previous reports, that it was not true the company planned to shut down its smartphone business by the middle of this year. Meitu would cooperate with Xiaomi to launch a new smartphone marking the beginning of a new area . The cooperation with Xiaomi will represent the start of technological enhancement and scale devel opment, said Meitu’s spokesman, accepting an interview with Shanghai Securities News on Monday. On November 19, the company and Chinese smartphone maker Xia omi reached a global strategic cooperation arrangement that gave exclusive license to X iaomi …

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