In Forbes’s ranking, 309 of the world’s top 2,000 largest publ

 public companies are from the Chinese mainland and Hong Kong.

The United States has 575 companies, the most among the 61 countries and regions involved in the ranking.

Japan is third-largest contributor, with 223 companies joining in the list.

This year marks the 17th release of the Global 2000 ranking since it was first published by Forbes in 2003, when the Unite

d States was home to 776 companies in the list while the Chinese mainland and Hong Kong only had 43.

Industry-wise, banks and diversified finance make

up most of the list, with 453 companies appearing on it, followed by tech ind

ustry and construction industry, with 184 and 123 companies on the list, respectively.

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China’s new energy vehicle sales performed well in Ap

 April, despite the continuing downward trend of the automotive market, Securities Daily reported on Wednesday.

From January to April, the country’s NEVs market experienced strong gro

wth of sales and production, recording a year-on-year increase of 59.8 percent and 58.5 p

ercent, respectively, according to China Association of Automobile Manufacturers (CAAM).

China sold 97,000 NEVs last month, an increase of 18.1 percent year-on

-year, while the output reached 102,000, up 25 percent compared with a year earlier.

Pure electric vehicles saw a rise in both sales and output by 9.6 percent and 28.2 percent, respectively, to 71,000 units and 82,000 u

nits in April. Besides, about 26,000 plug-in hybrid vehicles were sold during the same period, surging by 50.9 p

ercent from a year earlier, and the output increased 13.6 percent to 20,000 units.

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Uber has also weathered controversies including revelati

ions of a culture of sexism and bullying at Uber and US Department of Justice investigations. After a series of embarrassments, Kalanick was forced to res

ign in 2017 by a group of investors. Uber then hired Khosrowshahi to lead the company.

Uber has said it has the potential to grow not just in the cab hailing business, but also as a “sup

erapp” to provide logistic services, such as grocery and food delivery, organizing freight tra

nsportation, and even financial services, much like Grab, its Southeast Asian counterpart.

But market experts have struggled to find value in a company that has consistently posted los

ses, and warned that it may never be profitable. “The business is unprofitable, new entrants can enter the ma

rket, there is potential regulatory risk, and it is very price sensitive. What is there to like about this opportunity?” Ro

bert Johnson, professor of finance at Heider College of Business, Creighton University in Omaha, Nebraska said.

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Faster checks for inbound pets in placegs, cats to got

No need for dogs, cats to go through quarantine if they meet set conditions

Pets owners no longer need to be separated from their beloved dogs or cats when they ar

rive in China from overseas if they meet certain conditions, under a regulation that took effect on May 1.

Dogs or cats with valid electronic chips arriving from 19 designated c

ountries or regions no longer have to undergo weeklong quarantines if they pass on-site inspe

ctions at ports of entry, according to the regulation released by the General Administration of Customs earlier this year.

The designated countries and regions are New Zealand, Australia, Fiji, French Polynesia, Hawaii and Guam of the Unite

d States, Jamaica, Iceland, the United Kingdom, Ireland, Liechtenstein, Cyprus, Portugal, Sweden, Switzerland, J

apan and Singapore, as well as China’s Hong Kong and Macao special administrative regions.

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Jon Taylor, a professor of political science at the Uni

versity of St. Thomas in Houston, Texas, in the United States, said Xi

wants to convey a specific message: that China sees the BRI as a method by which it can make

a substantial and permanent contribution to lasting peace, common security and global prosperity.

“While some Westerners may scoff at the impact they think the BRI m

ay have on these issues, Xi genuinely sees the BRI as a global development project and will cont

inue to wholeheartedly put China’s money, resources and energies into this project,” he said.

Chen Weihua in Brussels, Bo Leung in London, Zhao Huanxin in Washington, Edith Muteth

ya in Nairobi and Chen Yingqun in Beijing contributed to this story.The profits of China’s major indu

strial firms surged by 13.9 percent in March, a drastic rebound compared to the 14-percent decline in January-Febru

ary period, official data from the National Bureau of Statistics (NBS) showed Saturday.

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Walmart banks on tech innovationn escalator in a Walmart

US retail giant Walmart Inc will continue to grow its hypermarkets, Sam’s Club stores, and community-ba

sed smaller-sized supermarkets businesses in China with more advanced technologies, according to a top official.

Doug McMillon, president and CEO of Walmart, told China Daily during his visit to Shanghai on Thursday that China is still one of

the most important markets for the US retailer. Technology will be another major focus area for the com

pany in China as Walmart has always been a “people-led company that relies heavily on technology,” he said.

McMillon said Walmart has developed digital solutions to better u

nderstand customer behavior and spending patterns, which in turn has helped the ret

ailer to create new products and to solve old retail problems with modern technology.

Wern-Yuen Tan, president and CEO of Walmart China, said digital technology has hel

ped Walmart to reach out to more customers and improved the overall decisionmaking process.

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The fans have done well to find Free Sound, for it i

is a shoebox of a shop tucked away in a small alley in downtown Beijing. And those who do find it will qui

ckly be disabused of the quaint notion that old-style phonographic recordings have gone the way of the dinosaur.

nstead the 100-square-meter shop prides itself on being an independent distributor of vinyl records and other musical recordings.

In the basement Yang greets his fans, who have already bought the new album, either as vinyls or cassettes.

“I am impressed by the cover design of the new album,” says a rou

nd-faced young man with black-framed glasses. “It’s usually the first reason for me to buy an album.”

The experimental cover design of P.K 14’s latest album is a depart

ure from its previous use of paintings or photographs and was completed b

y the band’s drummer, Jonathan Leijonhufvud, along with two other designers and YVMIN Studio, a Beijing outfit that handled the 3D vi

sual aspects. Playing with the illusion and contrast of true and false, the cover is a 3D rendering layered on top of an im

age. The two overlap, adding dynamism to the experiment, reflecting the way the band’s 11 new songs are structured.

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The country will also expand the use of pilot

epen reform of the administrative law enforcement system in the logistics industry to improve its efficiency; and it will str

eamline certain fees related to ports, highways and airports, he said. In addition, the ministry will step up its eff

orts to manage the effects of eliminating highway toll stations at provincial boundaries.

The ministry also called for small and medium-sized enterprises

to forge alliances for common development to consolidate the fragmented logistics sector.

In recent years, China’s logistics industry has been experiencing consistent gr

owth on the back of steady economic progress and a rising domestic market. According to the

National Development and Reform Commission, logistics expenditures rose 9.8 percent to 13.3 trillion yuan, amo

unting to 14.8 percent of last year’s national GDP. The share was slightly up from the previous year.

The logistics sector is of strategic importance in the development of the market eco

nomy, and the ministry has been making consistent efforts to reduce logistics costs and raise efficiency. It red

uced logistics spending by 56 billion yuan in 2016, 68 billion yuan in 2017 and 98 billion yuan in 2018.

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After 10 years of development, China’s new energy veh

cles are starting to gain momentum in the private market. With the overall vehicle market remaini

ng flat, sales of new energy vehicles last year reached 1.25 million, up 61.7 percent year-on-year, and

the figure is expected to reach 1.6 million this year according to the China Association of Automobile Manufacturers.

China plans to stop subsidies on new energy cars by the end of 2020. To ensure a smooth transi

tion, the government decides to achieve this goal by enacting policy in several phases. This year’s subs

idy standard was slashed 50 percent on average from 2018, Xinhua reported, citing a person with knowledge of the matter.

The source said the proportion cut is basically consistent with falling ratios of general cost for co

mplete vehicles, while pointing out with the rapid expansion of the NEV industry some enterprises tend

ed to become reliant on long-standing subsidies, leading to weak competitiveness.

The statement also asked local governments to remove subsidies on purchases o

f new energy cars after a three-month grace period starting Tuesday. Instead, more funds will be used

to build infrastructure, including charging and hydrogen refueling facilities, and to facilitate relevant services.

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More than 41 percent of children and teenagers who sleep

too little use electronic devices such as computer tablets and mobile phones, the survey fou

nd, and youths whose parents use smartphones in front of them are more likely to have less sleep.

Other factors, such as noise and light pollution, contributed to the problem, the report said.

The survey also indicated that good sleep results in higher efficiency in study. Students who sleep longer generally fini

sh homework in two and three hours per day, while those who sleep less require four to six hours.

Gao Xuemei, vice-president of the society, said studies have shown that decreasing sle

eping time for children and teenagers has been a global trend in the past 10 years, but the problem appears to be

worse in East Asia, including China, largely due to a heavier load of school homework.

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