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Global Times: Up Close: President Xi takes part in deliberation of Jiangsu delegation

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BEIJING, March 7, 2025 /PRNewswire/ — Chinese President Xi Jinping, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, took part in a deliberation with fellow lawmakers from Jiangsu during the third session of the 14th National People’s Congress (NPC) in Beijing, on March 5, 2025. This marks the third consecutive year that Xi has taken part in a deliberation of this delegation since 2023.

‘Social work must be strengthened’

The lively exchanges in the deliberation vividly reflect the significance of social governance in the context of China’s efforts to modernize its national governance system.

“How many people live in your community?” Xi asked the lawmakers during the deliberation with the Jiangsu delegation.

“There are 7,266 residents, making up five residential communities. When I first started working in this community, there were only some 3,000 people. Now the number has doubled,” said Li Xiaona, an NPC deputy who has worked in the Hailian community of Xinhai Street in Lianyungang city for 12 years, when talking about her grassroots work.

After hearing these figures, Xi said with emotions: “In the past, the neighborhood committees were generally quite small in my memory. The community’s Party secretary was like a ‘premier of a small alley,’ managing a lot of things, which was not easy.”

The community is the fundamental unit of urban governance in China, weaving together countless threads of daily life and connecting thousands of households. Within this intricate web pulses the lifeblood of the nation, revealing both the immense scale and profound weight of governance in a country. Xi has always cared about the affairs within the community.  

During the deliberation, Xi expressed concerns regarding “caring for the elderly and children.”

In terms of the elderly care, it is common to see senior canteens in China, but overly relying on welfare models risks its sustainability. Solutions must be locally tailored and self-sustaining. Meanwhile, home services for the elderly should also be enhanced with the expansion of volunteer networks and elderly healthcare occupations. 

In terms of childcare, current daycare services face problems of imbalances, which should be adjusted align with local demographics and service quality. The children deserve safe, healthy and nurturing environments, which requires professional caregivers and stronger oversight frameworks.

Xi also expressed concerns about the groups of new forms of employment.

A recent survey on the status of the national workforce revealed that 84 million people are now employed in new forms of work across China, accounting for 21 percent of all employed citizens. 

The 20th CPC National Congress has made improving the social governance system a priority. In 2023, the Society Work Department of the CPC Central Committee was established, with local branches following nationwide. The central conference on social work was held for the first time in Beijing in 2024. These initiatives embody the governing philosophy that “nothing is too small for a civil servant to do if it delivers concrete benefits to our people.” 

“Social work must be strengthened,” Xi emphasized, addressing the matter with clarity: As the Chinese social fabric grows more complex, emerging forms of work like deliveryman, ride-hailing drivers, and e-commerce practitioners demand tailored management services. The country must keep up with the management services and fill the gap. 

Sound grassroots governance fortifies national governance. In the deliberation, Xi urged earnestly to make more practical efforts to strengthen foundational and inclusive construction of people’s livelihood, and to address the urgent and pressing concerns of the public. Additionally, the social security system and the accessibility and balanced distribution of basic public services should be further improved. “Putting the people first” has permeated every word of his address.

‘Always maintain the role of a trendsetter’

You were on the TV news today, weren’t you?” Xi asked Zhang Junjie, an NPC deputy and a cardiologist in Nanjing First Hospital, who was seated across from him. That morning, Zhang had shared stories about advancements in medical technology with the media in the NPC deputies’ meetings with the press.

Zhang used the metaphor of “touching the heart” to share an inspiring tale of triumph. He recounted how his team overcame foreign monopolies to develop a domestically produced mitral valve clip. Utilizing minimally invasive techniques, they successfully repaired the mitral valve – the heart’s “back door” – of an 88-year-old patient surnamed Liu at the time, all while his heart continued to beat. Now Liu, 92, enjoys a fulfilling life in his later years. 

“Every year, my team performs over 300 minimally invasive heart valve surgeries across the country. Liu’s story is merely a snapshot of our daily work,” he said.

“Twenty years ago, I went abroad for further studies. Now, we have emerged as a leader in various medical fields,” he recalled, emphasizing that the realm of medical research knows no boundaries. 

“What you said reminds me of the difficulties we faced in the 1990s when performing heart stent surgeries,” Xi talked to him.

Now, the domestic production rate of cardiovascular materials is quite high, isn’t it? the president asked.

Zhang responded proudly, “Our domestically produced stents have reached global markets. Over the years, I have traveled to Belt and Road Initiative partner countries, treating patients and saving lives with Chinese technologies and products. 

After hearing that, Xi said that “we have made significant strides in this area, and we must continue to forge ahead.” 

The transformation of an industry reflects the broader trends of development. Today’s China is a nation surging with waves of innovation and vibrant growth. 

Jiangsu, an economic powerhouse, should take the lead.” This was the earnest instruction from Xi. 

The president elaborated on four key areas for “taking the lead,” with the foremost being “taking the lead in integrating technological innovation with industrial innovation.” 

Innovation is the primary driving force for development.

When Xu Guanghui, an NPC deputy and director of the Jiangsu Provincial Department of Science and Technology, made a report, Xi asked “What is the proportion of innovation investment in Jiangsu’s fiscal expenditures?” 

The answer given by Xu was impressive. Compared with 2022, Jiangsu’s fiscal investment in technological innovation increased by 16.2 percent in 2024. 

Technological innovation and industrial innovation constitute the fundamental pathways for developing new quality productive forces. 

Following last year’s two sessions, Xi once again mentioned new quality productive forces during this deliberation, noting that China should promote the development of new quality productive forces so that the country could always remain a role of trendsetter in modern economic wave.

Economic powerhouses should shoulder greater responsibilities in implementing the country’s major development strategies, Xi stressed.

https://www.globaltimes.cn/page/202503/1329706.shtml

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SOURCE Global Times

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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XLCS Partners advises Concurrent Utility Services on sale to UniTek Global Services

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NASHVILLE, Tenn., July 23, 2026 /PRNewswire/ — XLCS Partners, Inc., a leading middle market investment bank, is pleased to announce that it served as exclusive M&A advisor to Concurrent Utility Services LLC on its acquisition by UniTek Global Services, Inc., a portfolio company of New Mountain Finance Corporation (Nasdaq: NMFC) and its affiliates, and BTG Pactual Strategic Capital.

Headquartered in Miami, Florida, Concurrent is a licensed general and electrical contractor providing infrastructure development and maintenance services to electric utilities, telecom providers, and land developers throughout the Southeast United States. The company’s capabilities span overhead and underground utility construction, professional telecom services, emergency service restoration, in-building networks, environmental services, and data center development. Backed by a safety-first culture and an experienced workforce, Concurrent has built a strong regional platform and a reputation for quality across the markets it serves.

UniTek is a leading digital infrastructure services provider supporting the expansion of fiber and data center connectivity across the U.S. and Canada. With over 600 employees and 60 locations, UniTek delivers a full suite of infrastructure services. The acquisition of Concurrent accelerates UniTek’s Power Services Division, which launched in July 2025 to broaden the company’s maintenance, repair, upgrade, and new infrastructure development services for the power sector. Concurrent’s established Southeast footprint and power capabilities directly complement UniTek’s existing broadband and data center infrastructure platform, positioning the combined company to capitalize on growing demand for resilient, modernized power infrastructure. Concurrent will continue to operate under its established brand, maintaining uninterrupted service for its customers.

“Selling Concurrent was one of the biggest decisions of my career, and Anthony, Jay, and the XLCS team guided us through every step with professionalism and genuine care for our people,” said Steve Sarno, CEO of Concurrent. “They stayed fully engaged throughout, gave us honest and thoughtful advice, kept our best interests front and center, and delivered an outcome that exceeded our expectations. I would recommend them without hesitation to any owner considering a transaction.”

XLCS acted as the exclusive M&A advisor to Concurrent, and the transaction was led by Anthony Contaldo, Partner, and Jay Cremer, Vice President. The transaction was completed on July 1, 2026.

About XLCS Partners, Inc.

XLCS Partners is a leading global investment banking firm providing M&A advisory services. Visit www.xlcspartners.com for more information.

Media Contact: 
Kendra Span 
kspan@xlcspartners.com
615-379-7783

View original content to download multimedia:https://www.prnewswire.com/news-releases/xlcs-partners-advises-concurrent-utility-services-on-sale-to-unitek-global-services-302833542.html

SOURCE XLCS Partners, Inc.

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Fathom Applauds Introduction of the FRONTIER Act, the First Federal Blueprint for Independent AI Verification

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Reps. Lori Trahan (D-MA-03) and Jay Obernolte (R-CA-23) introduce a bill to build a competitive marketplace of independent verifiers for frontier AI models.

WASHINGTON, July 23, 2026 /PRNewswire/ — Fathom welcomes the introduction of the FRONTIER Act, the most complete federal framework yet for independent, third-party verification of frontier AI. The legislation is built to earn public trust as AI technology continues to accelerate. As frontier systems begin to take autonomous action in the world, the gap between what these models can do and our ability to keep them in check is widening. FRONTIER is the starting point to close that gap.

“AI governance keeps running into the same wall. The technology is hard to measure and it moves faster than any law can keep up with,” said Andrew Freedman, Co-Founder and CEO of Fathom. “Trying to write the perfect rules and freezing them in place won’t work. What will work is a competitive market of independent verifiers who are accountable for real-world outcomes and who the government can actually count on. The FRONTIER Act shows we can move fast and still get this right.”

The bill gets the fundamentals correct. It sets one public standard – the adequate mitigation of catastrophic risk – and holds both the AI companies and their independent verifiers accountable to it. FRONTIER does not freeze a single testing method into statute. Instead, it licenses competing verification organizations, allows them to sharpen their methods, and gives the government the power to revoke a license when a verifier’s work does not hold up in the field. That is how you build a system that keeps pace with the science instead of falling behind it.

Fathom thanks Reps. Trahan and Obernolte for their leadership, and for their courage in releasing a discussion draft, inviting scrutiny, and incorporating substantive improvements from across the field. One priority improvement as the bill advances: giving the government a fuller range of tools to act upstream – for pushing companies to close identified gaps in risk mitigation early, rather than only once a catastrophe is imminent. We are committed to working with these sponsors, committees of jurisdiction, and Congressional leadership to continue refining the bill in the weeks and months ahead.

About Fathom
Fathom is an independent nonprofit whose mission is to build a governance architecture that helps society navigate the transition to a world with AI by fostering trust, safety, and innovation. Fathom has developed and championed the independent verification model for AI and works with policymakers across the country to put it into practice. Learn more at http://fathom.org.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fathom-applauds-introduction-of-the-frontier-act-the-first-federal-blueprint-for-independent-ai-verification-302833546.html

SOURCE Fathom AI Inc.

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