Nowadays, when I a上海品茶微信usiness meeting

on’t even bring clothes. I would simply have the rental platform deliver the garments to my hotel befo

re the trip. I’d then return them without having to go through all the hassle of doing laundry,” she says.上海品茶微信女神会所

“I think women just need different clothes instead of new clothes. I don’t need a closet that is larger than necessary to p

上海品茶微信rove myself. My professional achievements are my most glittering accessories,” she adds.

She is so proud of adopting this approach that she openly admits to her friends that she rents cloth

es instead of buying them. She has even recommended clothing rental services to many of her peers.上海品茶微信女神会所

Consumers like Shen, who are open to renting fashion items, are driving the sharing econo

上海品茶微信my within the fashion industry, which has been slow to jump on the bandwagon, says Clement Tang, CEO of Le To

e China, an online clothing rental company that originated in San Francisco in 2012.

According to the State Information Center, China’s sharing economy was worth 2.94 trilli上海品茶微信女神会所

on yuan by 2018, an increase of 41 percent year-on-year, and more than 760 mill

ion Chinese-over half the country’s population-have paid for shared services or products.

上海品茶微信The center also estimated that the annual growth rate in the sharing economy in China would remain steady at around 30 percent over the next three years.

A consumer survey by consultancy firm Mintel found that transportation remains the most popular上海品茶微信女神会所

segment in the sharing economy. Among the 3,000 consumers polled by the consultancy, 91 percent said the

y have paid to share car rides or bicycles. In contrast, clothing is the second least popular category, above mothe上海品茶微信

r care and baby products, with only 9 percent of the interviewees saying they pay for such services.

Rachel Botsman, the author of What’s Mine is Yours: The Rise of Collaborative Consumption, noted in o上海品茶微信女神会所

ne of her TED talks that the rise of the sharing economy in other fields has provided a basis for the deva

luation of ownership in fashion, where there has long been “a stigma behind rental”.上海品茶微信

According to its website, TED is “a nonpartisan nonprofit (organi

zation) devoted to spreading ideas, usually in the form of short, powerful talks”.上海品茶微信女神会所

“Clothing rental could be the next big revolution for the fashion industry, after the rise of fast fashion and e-commerce,” says Tang.

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McLaren are absolute world leaders in what they do, sho

wcasing the very best that Surrey has to of er,” said Samuels. “The mayor

and the governor thoroughly enjoyed their time there, and it was the perfect way to round of a t

rip which I hope will lead to the further strengthening of links between Liaoning province and Surrey.”

hina and Russia signed two important joint statements, one to develop the lately upgraded bilateral relations and the oth

er to promote world stability during President Xi Jinping’s state visit on Wednesday.

The statements were signed by Xi and Russian President Vladimir Putin at the Kremlin in Moscow.

The two leaders decided on Wednesday to lift the bilateral relationship to a comprehensive strategic partnership of coor

dination for new era, and the two governments issued a joint statement on developing the lifted partnership.

In the other statement, the two governments focus on reinforcing global strategic stability.

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However, some said US criticisms are commercially d

driven, as part of US-China trade tensions, rather than based on security fears. British governm

ent sources have indicated that no final decision on Huawei will be made this week, which wo

uld mean it would be the responsibility of whoever ends up succeeding May in Downing Street.

hina’s State Administration for Market Regulation announced Wednesday that it has fi

ned Changan Ford 162.8 million yuan ($23.6 million) for violating China’s anti-monopoly laws.

The automaker entered into vertical monopoly agreements, which according to news outlet ThePaper, refers to a

greements between different operators in the same industrial chain to exclude and limit competition.

Common vertical monopoly agreements include establishing minimum resale pric

es for third parties and setting up exclusive dealing or purchase agreements.

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also said it is delaying its launch of Huawei’s 5G smartphones.

Jia Mo, an analyst at Singapore-based market research company Canalys, said the delayed prod

uct releases in certain markets will harm Huawei‘s smartphone business, but Huawei is working on its ow

n mobile operating system, which can help relieve some pressure in the domestic market.

On Thursday, in response to media reports that UK chip firm Arm Holdings told its staff to suspend dealin

gs with Huawei, Ren Zhengfei, CEO of Huawei, said in an interview with Chinese financial media website Caixin that his co

mpany has acquired a permanent licensing of the ARM architecture, the basis for Huawei to design its chips.

Arm China also said in a reply to China Daily that “we are in active com

munication to find appropriate solutions that comply with current laws and regulations”.

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HiSilicon, which was founded in 2004, has designed chip

ipsets like Kirin, which has been used in Huawei’s high-end smartphones. In addition to server chips, th

e company has also developed chips for base stations, basebands and chipsets powered by artificial intelligence.

“From chips to its self-developed operating system, Huawei has

long been preparing for independent research and development in core technologies. It has the abil

ity to adjust to changes in the global market,” said Xiang Ligang, director-general of the Information Consumption Alliance.

Huawei has also made preparations with core chipsets. Existing s

tocks are thought to provide the company with a buffer of six months to a year, he said.

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Opening up of film market leads to vibrancy

the 22nd film of Marvel Cinematic Universe, has made more than $2 billion globally wit

h over $576 million, nearly a third of the total, being contributed by the Chinese market.

The percentage of Hollywood films contributing to China’s box office has witnessed a gradual decline in recent years

thanks to the rise of successful Chinese films including The Wandering Earth and Dying to Survive.

Due to its explosive growth in third-and fourth-tier cities, the Chinese movie market is certainly poised to become the larg

est in the world in the not too distant future. Last year, China’s total box office exceeded 60 billion yuan ($8.9 billion), gra

dually closing the gap with the United States whose box office was about $11.6 billion. China has become such a form

idable force in the global film industry that international film producers cannot afford to overlook it.

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Xi’s speech on opening-up is well receivedpolicies

President lays out proposals to encourage foreign investment, guarantee fair competition

The measures that President Xi Jinping recently proposed to encourage foreign investment and further opening-up in Ch

ina are welcome developments that address the international community’s concerns, according to experts.

“The promises made are very positive, and all of them are helpful,” William Over

holt, senior research fellow at Harvard’s Kennedy School of Government, said of Xi’s keynote speech at the

opening of the Second Belt and Road Forum for International Cooperation in Beijing.

Xi brought up a series of reform and opening-up measures, including expanding market acce

ss for foreign investment in more areas and working harder to ensure the implementation of opening-up policies.

China’s pledges included shortening its negative list for foreign investments, opening up more sect

ors to foreign businesses, guaranteeing fair competition and planning new free-trade zones and ports.

www.hmijw.cn

Venezuela’s ANC president calls for defending govt

Venezuela’s National Constituent Assembly (ANC) President Diosdado Cabello called on the Venezuelan people to “d

efend” the government of President Nicolas Maduro on Tuesday before the alleged coup occurred earlier.

“We invite all the people of Caracas, come to the Miraflores Palace (seat of government) immediately,” said Cabello.

Speaking to the television station VTV, Cabello said that from the “first hour” of Tues

day, President Maduro was checking and reviewing everything that had happened.

“We are already taking corresponding actions. They are fully identified. There are the sa

me coup leaders as always, those who do not respect the rules of democracy,” Cabello said.

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i also called for the two countries to further enhance

exchanges between their legislatures, political parties, youth, think tanks, media

and local authorities to cement their people’s support for friendly bilateral ties.

Bhandari said the joint building of the Belt and Road is a historic initiative and has an important global influence.

The initiative has served as a good platform for Nepal-China cooperation, she said.

The Nepali president expressed her congratulations on the

70th anniversary of the founding of the People’s Republic of China, and said

it is admirable what the Chinese people have achieved under the leadership of the Communist Party of China.

China is a true friend of Nepal, and Nepal sees opportunities in China’s prosperity and stability, Bhandari said.

www.deng-di.cn

Medical experts said bills for patients requiring 29

of the 55 rare disease medicines available on the Chinese mainland

have been partly or fully covered by the country’s medical insurance system.

The average medical bill for rare disease patients is 200,000 yuan ($

29,700) a year and more than 40 percent of patients have received no medical tre

atment due to the high prices, according to Li Linkang, China Alliance of Rate Diseases executive director.

Biogen, the United Sates-based pharmaceutical compa

ny that developed the drug, said that it is talking to the C

hinese government, the medical and patient communities, and charitable orga

nizations in a bid to establish a co-payment system to make the drug available to more patients.

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