Skip to content
August, and its shares have slowly crawled back since Decembe
r. Hong Tao, an analyst from GF Securities, said the tech heavyweight has faced troubles. JD’s adv
anced logistics system, which is its core strength, has been overtaken by Alibaba’s Cainiao Logistics.
JD is in the spotlight as it is reducing salaries for its delivery staff and seeing a round
of shake-ups in its management team. Its chief technology officer Zhang Chen, chief lega
l officer Long Yu, and chief public affairs officer Lan Ye, all announced their resignation within just one month.
The company said in February that it would lay off 10 percent of its senior executives above vice-president level this year.
The 7-coin set contains two gold coins and five silver coins, with a variety of shapes. Designs i
nclude traditional Chinese ornamentation, dragon, phoenix, flowers and bird. All are legal tender.
The coins are made by Shenzhen Guobao Mint, Shenyang Mint and Shanghai Mint.
conomy and Informatization, the trade-in program targets the 603,000
vehicles complying with State-III emissions standards or below in this city.
Shanghai also encourages owners of public service vehicles — such as buses, sanitation vehi
cles, postal cars, taxis and light logistics vehicles — to replace their current vehicles with electric ones.
The city will improve auto financing, leasing and used car trading, as well as the construction of charging poles and hydrogen
refueling stations, to promote the use of new energy vehicles, the commission added.
The Shanghai Automotive Industry Corporation G
roup (SAIC), China’s largest automobile manufacturer, has set up a 3 billion yuan fu
nd to support the trade-in program, with trade-in models limited to its Roewe, MG and Maxus brands.
A gasoline vehicle trade-in would enjoy a subsidy of 10,000 yuan per vehicle, while a new en
ergy vehicle trade-in would receive a subsidy of 15,000 yuan, the manufacturer said.
In fact, the group had lowered prices of its Roewe- and MG-branded
vehicles last month, in response to China’s VAT reduction policy that started April 1.
nd we know how to do it,” Boeing CEO Dennis Muilenburg said in a video, according to the report.
Also on Thursday, an Ethiopian official confirmed news reports that the flight crew of the d
oomed flight had followed Boeing’s recommended procedures, at least in part, by disabling the automated anti-s
tall system of the 737 Max 8 but were unable to regain control of the plane before it crashed.
At a news conference in Addis Ababa, the nation’s transportation minis
ter confirmed earlier indications that the plane’s anti-stall system was repeatedly triggere
d in the minutes between the takeoff and crash, but he did not draw definitive conclusions about the crash’s cause.
“The pilots turned the MCAS on and off, but I can’t say how many times, because we will find t
hat out when we have the final report,” Dagmawit Moges, Ethiopia’s transportation minister, told The N
ew York Times. Moges was referring to the anti-stall Maneuvering Characteristics Augmentation System.
domestically rated “AAA”, the safest level. The sale to individual investors is mainly of project-link
ed special-purpose bonds, a type of local government bond vigorously promoted by the government in re
cent years. The cash flows generated from the underlying projects will be used as the primary repayment sources.
In China, there are two types of local government bonds: general bonds and special purpose bonds. According to the country’s 2019 budget repor
t, which was approved by the top legislature earlier this month, the budgeted deficit for local governments is 930 billion yuan, up 100 billi
on yuan compared with 2018, and this fund gap will be supplemented by general bonds.
In the meantime, 2.15 trillion yuan of special purpose bonds will be issued to support la
rge infrastructure projects, such as shantytown renovation projects and railways, said the ministry.
Letting individual buyers invest in local government bonds is a way to narrow the government’s financin
g gap, said Hu Yijian, a tax professor at Shanghai University of Finance and Economics. The gap is expected to expand, as policym
akers decided to cut about 2 trillion yuan in taxes and fees this year while at the same time increase spending on investment.
Former Bosnian Serb leader Radovan Karadzic’s sentence for genocide has been increas
ed by appeal judges at a UN court in the Hague, Netherlands, from 40 years to life imprisonment.
In 2016 the International Criminal Tribunal for the former Yugoslavia sentenced Kar
adzic to 40 years in prison for genocide over the 1995 Srebrenica massacre — in which more than 7,000 Bos
nian Muslim men and boys were executed by Bosnian Serb forces under his command — as well as other crimes such as persecu
tion, extermination, murder, deportation, inhumane acts, terror, unlawful attacks on civilians, and hostage-taking.
On Wednesday Judge Vagn Joensen said the original 40-year sentence did not reflect the “gravity” of Kar
adzic’s crimes, and “his responsibility for the largest and gravest set of crimes ever attributed to a single person at the ICTY.”