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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.
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.
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.
tivity of infrastructure, unimpeded trade, financial integration and closer people-to-people ties as its main goals, has advanced in solid steps, the report said.
“Significant progress has been made, including a number of landmark early results. Participating countries have obtai
ned tangible benefits, and their appreciation of and participation in the initiative is growing,” according to the report.
With a view to building a global community of shared future, the BRI uphold
s the principles of extensive consultation, joint contribution, and shared benefits, the report said.
“Through the initiative China has made a constructive contribution to the reform of th
e current global governance system and to economic globalization,” according to the report.
The report said China would face many problems and challenges in pursuing the BRI in
the future as well as unprecedented opportunities and prospects for development.
WTO dispute settlement system. Although the rulings are not bindi
ng, most WTO members take them seriously and view the process as a normal part of their
participation in the multilateral trading system, regardless of whether they win or lose any particular case. In do
ing so, they show their respect for the WTO’s principles of consultation and consensus.
China had filed 17 cases with the WTO as of Ap
ril 2018, of which eight had been closed. At the same time, 27 cases had been filed a
gainst China with 23 closed. The United States has had more cases filed against it than any other member state
in the WTO, and it lost quite a number of these cases. In 2016, for example, the WTO ruled against the Unite
d States with regard to a complaint from China in 2013 that it had violated WTO rules by imposing anti-dumping duties
on a number of industries, including machinery, electronics, light industry, metals, and mining.
JD Logistic, the logistics arm of the Beijing-based tech heavyweight JD
.com, will cancel the basic salary for delivery staff , CEO and Chairman Liu Qiangdong said i
n response to arguments on the company’s salary adjustments in an internal email sent on Monday.
JD Logistics lost over 2.3 billion yuan ($342.9 million) in 2018, its 12th consecut
ive year to lose money. If the situation continues, Liu said, the company would only last for two more years.
If internal settlements are deducted, JD Logistics lost more than 2.8 billion yuan last year.
The main reasons for the loss are few external delivery orders and high internal costs, Liu said.
The company has only two choices, according to Liu: one, increase external delivery orders to promote external inco
me growth; the other, reduce staff members’ well-being to the level of other express companies.
Reducing fund ratios to average levels and canceling the basic salary a
ims to encourage couriers to get more external delivery orders and increase revenue.