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There is some merit to raising capital,” said Chief Exec

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

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Shen was followed by Gan Jianping, managing partn

tner of Qiming Venture Partners, Xu Xin, founding partner of Capital Today, and Tong Sh

ihao, managing partner of GGV Capital. They ranked fifth, sixth and seventh respectively.

The list was ranked by investors’ portfolio companies that have gone public or been acquired for at least $200 million over

the past five years, or that have raised additional funding at a valuation of $400 million or more.

“A record number of international investors, pa

rticularly from China, and women investors are gradually changing the image of the Sil

icon Valley venture capitalist,” said Alex Konrad, associate editor at Forbes, in an editor’s pick.

He noted that after years of Midas dominance, the reign of Facebook and Twitt

er is over, as those deals and their well-known investors make way for a new generation.

“The increasing presence of Chinese investors in the Midas List is a solid reflection of the scal

e and vigor of the Chinese economy,” said Zhou Xuan, director of and a professor with the priva

te investment funds institute of the University of International Business and Economics in Beijing.

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To attract more foreign investment to China, the country’s

 top legislature recently passed the Foreign Investment Law, which says China will gradually shorten the negative list fo

r foreign investors to increase inbound foreign investment. This, together with Italy’s policy to welcome Chin

ese investment, is expected to help the two countries take more measures to boost investment cooperation.

Sino-Italian friendly exchanges have a long tradition, and the prospects for deeper bilateral cooperation are bright. This ye

ar marks the 15th anniversary of the establishment of the Sino-Italian comprehensive strategic partnership, and in 2

020 the two countries will celebrate the 50th anniversary of the establishment of their diplomatic relations.

Therefore, the two sides should synergize their development strategies and tap the potential for further bilateral cooperation. They should also strengthen bilate

al macroeconomic policy coordination under the frameworks of G20, World Bank, Asian Development Ban

k, Asian Infrastructure Investment Bank and other multilateral mechanisms, and help maintain the rule-based multi

lateral trading system and jointly promote global governance reform apart from deepening Sino-Italian and Sino-EU relations.

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Liu Gang, the founder of PayNews.net, a Hangzhou-based

online news service focusing on China’s mobile payment industry, said to Securities Daily he

expects the run-up of cashless payments will maintain for three to five years until it takes up as much sha

re of consumption as possible, as consumers incrementally wade farther into cashless payments.

Data from PBOC revealed banking financial institutions in 2018 conducted 220.31 billion deals in non-cash paym

ents involving 3,768.67 trillion yuan, a rise of 36.94 percent and 0.23 percent year-on-year respectively.

In the same period non-banking payment institutions, mainly referring to third-party online payment service providers, had 530.61 b

illion deals, surging 85.05 percent, and the transaction volume was 208.07 trillion yuan, up 45.23 percent fro

m the previous year. Mobile payment platforms Alipay and WeChat Pay occupy over 90 percent of market share.

By the end of 2018, a total of 424 commercial banks and 115 payment institutio

ns were connected to a unified clearing platform set up by the Payment and Clearing Association of China, PBOC said.

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Of the other three people apprehended, two were arrested in

  possession of firearms and police are still trying to understand their involvement, said New Zealand Police Com

missioner Mike Bush. On Friday night local time police tweeted that the pair remain in custody.

  Police said a fourth person was arrested Friday but “that was not related to these events.”

  Australian Prime Minister Scott Morrison said that at least one of those arreste

d is Australian. He said the shooting was the work of an “extremist right-wing, violent terrorist.”

  Police said they do not believe there are any other suspects but added that it was still an open investigation.

  None of the four people arrested had been on any security watch lists prior to the attack.

  Attack apparently broadcast live on social media

  Authorities said they “will not be discussing the offenders’ possible motivations or the causes of this incident” at this stage.

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ident Xi Jinping, also general secretary of the Communist Party

This year crucial for realizing five-year plan on development of the armed forces

President Xi Jinping urged the military on Tuesday to make all-ou

t efforts to ensure its goals for 2020 are fully realized in a timely manner.

Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Co

mmission, told national legislators from the People’s Liberation Army and the People’s Armed Police Force th

at this year is crucial to fulfilling the armed forces’ 13th five-year development plan, from 2016 to 2020.

He asked all military personnel to understand the significa

nce and urgency of the plan’s realization and spare no effort to turn its goals into reality.

Xi ordered the military to focus on improving its comb

at readiness and capability. It should also deepen its reform, foster innovation and present new

achievements for the coming 70th birthday of the People’s Republic of China in October, he added.

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According to a survey by the Ministry of Water Resources in

there were 6,092 major sewage outlets along the Yangtze.

The Ecology and Environment Ministry also noted some improvements in w

ater quality nationwide. As of the end of last year, 95 percent of 1,062 black, odorous water

bodies in 36 major cities across China have been removed or cleaned up, the statement said on Feb 28.

The volume of good quality water nationwide has reached 71 perce

nt, a year-on-year increase of 3.1 percentage points, the statement said.

Zhang also highlighted other challenges to be faced. He said that many drinking water source

s in rural areas are still under weak management, and many rivers and lakes are in need of aquatic vegetation.

“We believe that by 2020 a repeatable and constructive tech

nology and work model will be developed as a reference for future work,” he said.

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more C919 jets to make maiden test flights this yearakes its mai

Another three prototypes for China’s first homegrown large passenger jet, the C919, will conduct their maiden flights this year, follow

ing the success of a third one on Dec 28, 2018, according to the Commercial Aircraft Corporation of China Ltd (COMAC), the maker of the jet.

The 104 prototype test aircraft of the China-made C919 has entered its final assembly stage, the 10

5 is undergoing the assembly of major components, and the main components of the 106 are in pro

duction. The maiden test flights for all three new prototype jets are expected to take place before the end of 2019.

The addition of these three would bring the total number of C919 prototype test aircraft to six.

To date, domestic and overseas buyers have placed orders for 815 of the China-m

ade C919 aircraft.Chinese communities around the world welcomed the Year of th

e Pig on Feb 5, ushering in Lunar New Year with prayers, family feasts and shopping sprees.

Celebrations took place across the globe, ranging from Southeast Asia’s centuries-old Chi

nese communities to the more recently established Chinatowns of Sydney, London, Vancouver, Los Angeles and beyond.

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More outcomes expected from trade talksVice-Premier Liu

He will hold a new round of high-level China-US economic and trade consultations with United States Trade Re

presentative Robert Lighthizer and Treasury Secretary Steven Mnuchin in Beijing from Thursday to Friday.

Analysts said the two sides are likely to propose weightier measures to address economic and trade differences and to broaden overall cooperation.

According to the Ministry of Commerce, based on recent talks in Washington, China and the US will eng

age in further discussions on issues of common concern. The US delegation arrives in Beijing on Monday.

China and the US have been embroiled in trade frictions for several months. The two sides are now in the midst of a 90-day tariff truce, which began on Dec 1, wh

en President Xi Jinping and his US counterpart, Donald Trump, met on the sidelines of the G20 summit in Buenos Aires.

Wei Jianguo, vice-chairman of the China Center for International Economic Ex

changes, said China-US trade consultations have made “a big stride forward”.

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In Foxconn’s case, the average salary it promised isviously l

ower than the average salary for engineers in the state, which is about $60,000. In addition, having employees work 50-60 hours a week would be difficult.

“The US educational system is probably not even generating enough for the current deman

d in the United States with the economy strong and high-tech industry developing well,” said Jason Dedr

ick, professor at the School of Information Studies at Syracuse University.

“You already have a lot of companies, Google, Facebook, Amazon and so on, com

peting for those engineers. Apple or rather its suppliers, will be trying to hire en

gineers in a market that’s already pretty tight. It would not be really easy to do that hiring really quickly,” he added.

 engineers, the college plans to expand their enrollment from around 4,500 to 5,200 in

the next few years. But after graduation, how many of the students will be hired by Foxconn is hard to say.

Robertson said many companies in need of e

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