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s overseas, and we give local farmers guidance, training and planning for future develop
ment,” said Xie, who has worked as an expert in Vietnam, Myanmar, Cambodia and Gambia.
Under the Boao Forum framework, Hainan has created a series of subforums, such as the
ASEAN-China Governors/Mayors Dialogue, the 21st Century Maritime Silk Road Island Economy subforum, the South China Sea su
bforum, the Roundtable Discussion for Overseas Chinese Business Leaders and Chinese think tanks, Wang said. “These diplo
matic platforms serve as new bridges to promote practical industrial cooperation between BRI countries.”
Activities at the Boao forum this year will highlight land and sea interconnectivity betwee
n BRI countries. Invitations will be sent to overseas participants to share in building a pilot free trade zone in Hainan.
Hong Kong youth groups will be invited to Hainan to see space satellite launch facilities, deep-sea science and techn
ology, seed breeding and other fields. Invitations will be extended to young people from ASEAN countries, Lanc
ang-Mekong river nations and BRI countries to promote people-to-people understanding, Wang said.
nsisting of 49 experts from institutes affiliated with the ministry and universities
, including Tsinghua University, to the site to help with the environmental aftermath from the explosion.
He also said the team has cut off the access of three rivers to Guanhe River, which empties into the sea, to prevent the pollution from spreading.
The three rivers inside the chemical industry park wer
e found contaminated soon after the blast. On Wednesday, an excessive amount of pollutants was still de
tected in two water bodies in the chemical park — the Xinfeng River and Xinnong River.
According to the Jiangsu environmental watchdog, the density of ammonia nitrogen in Xinfeng River reached 183 millig
rams per liter, 90.5 times higher than the national standard, at 10 am on Wednesday. The content of methylene chlor
ide in the river was about 15 times above the national standard with a density of 0.321 mg/L. The ch
emical oxygen demand in the water body stood at 343 mg/L, 7.6 times above the national standard, the watchdog said.
The watchdog also found an excessive amount of these pollutants in Xinnong River, though with much lower densities.
The United Kingdom’s decision to leave the European Union has led major
financial companies in London to move assets and staff to continental Europe, mea
ning the post-Brexit landscape is likely to be far more “polycentric” than it is today
and far less centered on one location.
According to a recent report by think tank The New Financial, more than 40 companies have shifted staff or oper
ations to more than one financial center within the EU, with 100 choosing the
Irish capital as a post-Brexit location, whi
ch was the most popular choice ahead of Luxembourg, with 60, Paris with 41, Frankfurt with 40, and Amsterdam with 32.
William Wright, principal author of the
New Financial Brexitometer report, said: “One of the most strikin
g findings of our analysis is the extent to which Europe will become a much more
‘multipolar’ world as a result of Brexit.”
Companies are migrating to, or expanding in, multiple financial centers, with man
y either establishing a dedicated division for EU business or spreading their staff
more evenly throughout the EU.
their business by locating the post-Brexit hub for one division in Frankfurt or Paris, and another in Dublin or Lux
embourg. The most obvious example is Bank of America Merrill Lynch, which has chosen Dublin as the EU hub for its bank
ing business, and created a new entity in Paris, which will be the hub of the its markets business.
Kieran Donoghue, the global head of international financial services, strategy and public
policy at IDA Ireland, an agency responsible for attracting foreign investment into that country, attributed the “m
ultipolar” scenario to the fact that no single financial center in Europe has the full and unique set of capabilities that London has.
“What makes London unique is that it has such a deep and broad set of capab
ilities in servicing the insurance, the asset management, and the investment banking industries, and none of t
he European financial centers has the same range of capabilities that currently reside in London,” Donoghue explained.
Nearly half of asset managers, hedge funds, and private equity companies in the re
port have chosen Dublin as the location for their post-Brexit operations, while more banks have chosen Frankfurt as th
eir main EU hub. Many are also expanding their markets business in Paris or adding staff in Amsterdam, Madrid, or Milan.