The State Administration of Foreign Experts Affairs and the Ministry of Education last year allowed 16 Chinese universities to appoint expats as deans as part of a pilot project.
The Summer Davos has been held in China for a decade and shows China is no longer an economy based on manufacturing but has great potential to move very fast into the era of the fourth industrial revolution, Schwab said.
The State Council announced the revision of regulations on foreign banks and insurers on Tuesday. China relaxed market access rules for foreign insurance companies, such as removing requirements that companies that apply to establish foreign-invested insurers in China have a track record in the business of over 30 years and have a representative office in the country longer than two years.
The Spring Festival travel rush, also known as "chunyun," lasts 40 days from Jan 10 to Feb 18.
The South Atlantic Inter Link submarine cable, also known as SAIL, has been jointly invested in by Cameroon Telecom and China Unicom. The submarine cable connects Cameroon and Brazil, and to date is the first transmission fiber cable connecting Africa and South America.
The Thai government also plans to build a public-private partnership high-speed rail from Bangkok to Rayong to connect with the Thailand-China railway project.
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The Shenzhen Component Index picked up 2.33 percent, closing at 10,287.64.
The Tianjin-based company has experienced six years of losses since it was established in 2012 and only Dahufa helped it survive and achieve a revenue of 87 million yuan (.7 million) last year. Market insiders have suggested that if the film had not been released at the same time as the blockbuster Wolf Warrior 2, the figure could have topped 100 million yuan.
The Spring Festival holiday, from Feb 4 to 10, is recognized as a Golden Week for tourism.
The South Korean challenge contends that the US Commerce Department "based the determination of dumping for the relevant producers or exporters on assumptions or speculation with a view to arriving at a result that was adverse to the interests of these producers or exporters".