Addressing the problems in bike-sharing

BY THE END OF 2016, the number of bike-sharing app users in China had reached 18.9 million and the market continues to grow. However, problems have emerged that call for more attention. Thepaper.cn comments:

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Emerging innovation powerhouse with new patent policy

Some recent headlines claim Chinese companies overwhelmingly "don't innovate", "lack creativity" and with the help of the Chinese authorities are "thieving" US intellectual property. They also claim the new administration in the United States has vowed to tackle this "massive theft".

From school economy to economic schooling

After spending handsomely to celebrate Spring Festival, Chinese couples are preparing to spend yet more extravagant amounts on their children's education at the beginning of the new semester.

Japan's textbook risky move on islands

China urged Japan last week to respect facts and instill in Japanese children the correct knowledge of history. The exhortation came in response to Japan's new draft guideline for school curriculum, which was released last Tuesday, for the first time requires elementary and junior high schools to teach students that China's Diaoyu Islands, and other islands that Japan has disputes with the Republic of Korea, are "inherent" Japanese territory. The ROK too has formally protested these claims by Japan.

Abe in the firing line for his dependency on the US alliance

A Japanese government official told the Kyodo News on Saturday that the country plans to update its defense program guidelines five years earlier than initially planned. The guidelines are usually revised every 10 years.

State Grid to own 100% of CPFL

The State Grid Corp of China - the world's biggest utility company by revenue - said it will launch a tender offer to buy the remaining shares it does not already own in CPFL Energia SA, the Brazilian power group said in a securities filing.

Airbnb acquires Luxury Retreats

Airbnb Inc bought Luxury Retreats in its biggest acquisition yet as the apartment-rental website takes steps toward becoming a full-service global travel company.

Victoria's gets closer to Chinese women

US lingerie giant Victoria's Secret is opening its first full assortment stores in China. Two stores will open initially, one in Shanghai and the other in Chengdu.

IATA bullish on China aviation market

The International Air Transport Association said on Friday that it is bullish on the growth potential of China's aviation market and believed the new airport in Beijing, which will start operations in 2019, would ensure sufficient airport capacity to meet expected traffic growth.

Shanghai to sharpen focus on exports

Shanghai-based companies are aiming to boost their trade and investment further in 2017 in countries along the Belt and Road Initiative - with a focus on equipment and services exports - a key report issued by the city's commerce and trade authorities said.

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