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Premji accounted for 80% of “large donations” defined as m

  100 million rupees ($1.4 million) — from India’s richest individuals in the 2018 financial year, according to this year’s India P

hilanthropy Report by consulting firm Bain & Company and philanthropy fund Dasra. Private indi

viduals in India donate about 430 billion rupees ($6.2 billion) each year, the report said.

  Wipro was founded by Premji’s father in 1945 as a vegetab

le oil manufacturer, and transitioned to the technology industry in the 1980s under Premji

‘s leadership. It has since grown into one of India’s biggest IT services companies, with more than 160,000 em

ployees worldwide and over 1,200 clients in industries ranging from aerospace to retail.

  Premji’s foundation focuses on supporting education, and ru

ns the Azim Premji University in Bangalore. Its billionaire benefactor’s latest donation coul

d help it open a second university and “scale up significantly,” the organization said.

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The collision broke the ship’s mast and left about 250 metr

  tons of snow and ice on its front deck. The rest of the ship was undamaged.

  The difficult ice conditions and active cyclones in the Amundsen Sea have

vexed Chinese explorers for decades. It was not until March that China’s 34th expedition succes

sfully completed the first marine survey of the sea.China has witnessed remarkable growth of tree coverage with th

e implementation of afforestation projects, a senior forestry official said on Tuesday, National Tree Planting Day.

  The forest coverage rate in China has increased by nearly 10 percentage p

oints in the past four decades, with the world’s largest planted forests and an 80 percent ex

pansion of forest areas, said Zhang Jianlong, head of the National Forestry and Grassland Administration.

  The green coverage rate in rural areas has reached 20 percent, while in urban areas it has hit 37.9 percent.

  According to a report released by the National Afforestation Committee on Tuesday, 7.1 milli

on hectares of trees were planted and 6.7 million hectares of degraded grassland were treated last ye

ar. Per capita greenery coverage in urban areas was 14.1 square meters in 2018, up by 0.6 square meters year-on-year.

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What are entrepreneurs saying at the two sessions essions, Chi

Ma, a deputy to the 13th NPC, on Sunday suggested building a development bank and university for the Guangdong-Hong Kong-Macao Greater Bay Area.

He raised the idea that a Greater Bay Area development bank, possibly focusing on fin

tech, would encourage the development and further industrialization of cities in the area.

“(With such convenience), we hope that more foreig

n capital can be attracted to invest in technology and innovative industries,” Ma said.

He also suggested building a Greater Bay Area university with the aim of nurturing high-end talent to dr

ive the region’s future development.CPPCC National Committee member Li said on Sunday, bef

ore the opening of the second session of the 13th CPPCC National Committee, that while China’s demographic ad

vantage in the internet sector has slipped, technologies in many industries have greatly improved.

Li submitted proposals related to artificial intelligence (AI) for the fifth consecutive year, with his three su

ggestions focusing on intelligent transportation, electronic medical records and AI ethics.

“There are definitely bubbles, which might not be small, in the field of AI, but I believe it is normal,” Li said.

He suggested the State should further strengthen its guidance, establish a mechanism for data sharing and uti

lization, and encourage all localities to explore and build intelligent transportation solutions.

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Cui spoke highly of the draft law, which he said demons

strates China’s current principles in governing foreign investment to ensure it receives treatment equal to that of Chinese companies in most phases.

Wang Wenhua, professor at the Law School of Beijing Foreign Studies Universi

ty, said the legal community generally agrees that the legislation is necessary and feasible.

Once adopted, the law will play a significant role in encoura

ging more investments, especially those with key strengths and vision, she said.

“We are now facing a new situation and new challenges at both home

and abroad. The draft law is sending a clear message that China is determine

d to further deepen its opening-up and reform as well as uphold the rule of law,” Wang said.

“Integrating a series of foreign investment policies and current law, the new measure

will boost foreign investors’ confidence, further open up markets and create a better business environment.”

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The ChiNext and the NEEQ are both existing equity

 trading platforms, mainly serving China’s Nasdaq-style high-growth enterprises and small to medium-sized enterprises, respectively.

Li Chao, vice-chairman of the regulatory commission, said the new board’s registration sys

tem will not lead to a large number of enterprises flooding onto the new board, thus avoiding hu

rting market liquidity. The new board will have appropriate listing standards and procedures, Li said.

“Regulators’ remarks have dispelled investors’ concerns that the ne

w board may take a toll on the liquidity of existing boards,” said Hong Rong, founder of Ho

nda Education, a Shanghai-based investor education platform. “Moreover, the regulators delivered clear signals that the

ChiNext and NEEQ can benefit from the reform experiences of the new board in the long term.”

Regulators’ remarks constitute a boost to investor sentiment on the A-share market, Hong s

aid. “I think investors are gradually forming a consensus that the country attaches great importance on de

veloping a strong capital market that functions well in not only financing but investing.”

China’s blue-chip CSI300 index had risen 22.2 percent to 3,678.39 points from the start of

this year to Wednesday, and Morgan Stanley has raised this year’s target for the index to 4,300 points.

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Despite China’s reiteration about it being committed to pea

ceful exploration of space and its openness to cooperation with any country in its development of space technology, the US will not give up its desire to hav

e dominance in this domain, and it is devoting a great deal of effort to presenting China and Russia as threats to serve this purpose.

Its huge investment in the development of a “Space Force” will, as a result, inevitably give rise

to an arms race off the Earth, which will shatter the human dream of the peaceful exploration of space.Be

ijing’s environmental watchdog is considering adopting the National VI (B) emission standards ahead of the cou

ntry’s scheduled time, aiming to reduce vehicle emissions and enhance air pollution control in the capital.

According to a draft plan published by the Beijing Municipal Ecological Environment Bureau on Monday, the new st

andard would come into effect first for diesel-powered trucks in public transportation and environmental sa

nitation industries and heavy-duty vehicles powered by gas in July, and then extend to other vehicles beginning in 2020.

Sales of these vehicles would be banned after the respective deadlines, but owners could

still register vehicles that meet the current standard one month after these deadlines, according to the draft.

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Air NZ flight to Shanghai turns back due to lack of lan

An Air New Zealand flight from Auckland to Shanghai had to turn back midway on Sunday morni

ng after the aircraft was found to be lacking the required permission to land in China’s mainland.

The Boeing 787-9, operating as Flight NZ289, took off from Au

kland, New Zealand, around midnight on Saturday local time but turned back after flying for a

bout 4.5 hours. The flight was scheduled to land at Pudong International Airport at 7:05am Beijing time.

In a short message sent to passengers later, the airline said the “aircraft operating the flight did not have reg

ulatory approval to land in Chinese mainland and was required to return to Auckland.”

The B787-9, the bigger version of the Dreamliner, with the registration ZK-NZQ, has been flying wit

h the airline for five months, but has never landed in the Chinese mainland, according to its flying records.

According to China’s civil aviation regulation, foreign carriers are required to

submit a list of the type, nationality and registration mark of aircraft sch

eduled to land in Chinese mainland to the Civil Aviation Administration of China (CAAC) before operating the flight.

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