China to build video surveillance network by 2020

Stockholm, June 3(Greenpost) – China would build a nationwide video surveillance network by 2020 to cover key public areas, industries and sectors, according to a policy document released by the National Development and Reform Commission on Wednesday.
The document also warns of repeated investment in this regard and stressed integration of various video resources.
The government would issue administrative rules of security technologies on building, linkage and utilization of the video surveillance network.
Domestic equipment and solution suppliers in this regard are expected to see business opportunities on localization drive, according to a research note by China Galaxy Securities. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

China prompts int’l energy cooperation eyeing Belt and Road initiatives

China prompts int’l energy cooperation eyeing Belt and Road initiatives

BEIJING, May 14 (Xinhua) – China’s National Energy Administration (NEA) recently held a meeting to implement the Belt and Road initiatives and advance international energy cooperation, said a release by the NEA on Thursday.
The energy sector would focus on international cooperation to link up energy infrastructure, safeguarding safety of oil and gas pipelines, prompting building of transnational power transmission corridors and upgrading of regional power grids, said Nur Bekri, director of the NEA and deputy director of the National Development and Reform Commission (NDRC).
The implementation of the Belt and Road initiatives has far-reaching implications on advancing international energy cooperation between China and relevant countries, Bekri said.
He suggested continuous guidance from relevant departments and greater financial and insurance support to energy cooperation from relevant institutions.
The main role of enterprises would be reinforced and the strength of different areas would be tapped, according to the release.
The meeting had participants from the NDRC, the NEA, the Ministry of Foreign Affairs, the Ministry of Commerce, local governments, relevant enterprises, industry associations and research institutions. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

China to develop ocean economy

BEIJING, May 14 (Xinhua) — China’s State Oceanic Administration on Thursday released a document about key points for the country’s oceanic economy work this year, putting forwards that China will roll out first nationwide oceanic work survey to strengthen macro guidance and control over oceanic economy.
Main contents of the oceanic work include assessing the 12th Five-Year Plan (2011-2015) and compiling of the 13th Five-Year Plan (2016-2020), promoting healthy development of the oceanic economy, guiding financial capital to support development of oceanic economy, pressing ahead piloting work for the oceanic economy, and fully tapping oceanic economy’s role in the construction of the 21st Century Maritime Silk Road.
Besides establishing a basic oceanic economy information platform, China also aims to improve the supervision and assessment on oceanic economy.
Focusing on sea water desalinization and marine biological medicine, the document also requires setting up a batch of oceanic economy demonstrative regions, building cooperative platforms for enterprise investment, and guiding the going-out of enterprises engaging in oceanic businesses. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

China to unveil top-level design on rural land, property mortgage loans

China to unveil top-level design on rural land, property mortgage loans

BEIJING, May 14 (Xinhua) — China is likely to unveil a scheme for the trial program of mortgaging rural contracted land use right and rural house property right for loans, the Economic Information Daily reported on Thursday.
The drafting of the scheme, led by the central bank of China, has been handed to the State Council for approval, the Economic Information Daily quoted insider as saying.
The scheme does not limit numbers of trial counties and encourages grain-growing counties to apply first.
Some existing laws concerning the mortgage of rural contracted land use right can be put aside in those counties undertaking the trial program. The trial program will provide significant grounds for amending laws in the future, experts say. Enditem

 

Source Xinhua

Editor  Xuefei chen Axelsson

China to conduct 1st nationwide ocean economy survey this year

China to promote ppp mode in transportation, environment, medicare and old-age sectors

CHN to promote PPP mode in transportation, envir’l protection, medicare, old-age sectors

Stockholm, June 3 (Greenpost) — The State Council, China’s cabinet, pledged to expand the public-private-partnership (PPP) mode to transportation, environmental protection, medical care and old-age sectors on Wednesday.
China will promote the cooperation between governments and social funds to increase the supply of public products and service, which is a key measure to transform government functions, unleash market vitality and foster new growth impetus, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang.
According to the meeting, China will try to streamline administrative review procedures and attract social funds to participate in the investment and management of public projects.
Meanwhile, the subjects in charge of project operation are encouraged to finance directly through the capital market.
A dynamic adjustment mechanism for public service prices should be established to ensure mutual benefit of both the public and social funds. Enditem

 

Source  Xinhua

Editor  Xuefei Chen Axelsson

 

Developed countries dominate in 2015 Human Capital Index, China ranks 64th: WEF

Developed countries dominate in 2015 Human Capital Index, China ranks 64th: WEF
Stockholm, June 3(Greenpost) — Developed countries have dominated the rankings of the Human Capital Index in 2015, with China ranked 64th out of 124 economies, according to the World Economic Forum’s (WEF) Human Capital Report released Wednesday.
The index aims at assessing the outcome of past and present investments in human capital and offering insights into what a country’s talent base will look like in the future.
It evaluated the levels of education, skills and employment available to people in five distinct age groups, starting from under 15 years to over 65 years.
Globally, Finland topped the rankings of the Human Capital Index in 2015, scoring 86 percent of its human capital, followed by Norway, Switzerland, Canada and Japan.
Sweden, Denmark, the Netherlands, New Zealand and Belgium also seized the places in the top 10 list.
Among other large advanced economies, France is in 14th position, while the United States is in 17th position, scoring just under 80. Britain holds the 19th spot and Germany 22nd.
China ranked 64th out of a total of 124 economies, optimizing 67 percent of its human capital.
According to the index, China’s under-15 group and 15-24 group maintained their competitiveness over the human capital, ranked 55th and 58th respectively. However, China’s 25-54 group and 55-64 group are in 61th and 83th position.
Among other BRICS nations, Russia ranked 26th and Brazil is in 78th place, followed by South Africa (92) and India (100).
“Talent, not capital, will be the key factor linking innovation, competitiveness and growth in the 21st century. To make any of the changes necessary to unlock the world’s latent talent we must look beyond campaign cycles and quarterly reports,” said Klaus Schwab, founder and executive chairman of the WEF. Enditem

source Xinhua

Editor  Xuefei Chen Axelsson

SW China city to build second airport

SW China city to build second airport
STOCKHOLM, June 3 (Greenpost) — The southwestern Chinese city of Chengdu is to build a second airport to meet the growing air travel demand.

   Construction is likely to start by the end of this year, said Zhou Laizhen, deputy director of the Civil Aviation Administration of China (CAAC), on Thursday.
Chengdu will be the third Chinese city, after Beijing and Shanghai, with two airports.
Pan Gangjun, president of Sichuan Airport Group, said passenger throughput in Chengdu will reach 62 million in 2020, in excess of 50 million capacity of the current airport.
The new airport will be located in Jianyang, 50 km southeast of downtown Chengdu. The cost is estimated at 69.2 billion yuan (11.2 billion U.S. dollars).
The new airport will have three runways, a 600,000 square meter terminal and 157 aircraft stands. It is expected to handle up to 40 million passengers and 700,000 tonnes of cargo per year in 2025.
Chengdu has routes to 189 cities, including 70 overseas. On May 2, Chengdu opened a route to Moscow, its fourth direct service to Europe.   Enditem

Source Xinhua

Editor   Xuefei Chen Axelsson

Interview: Lombardy region president pushes for more Chinese investors

Interview: Lombardy region president pushes for more Chinese investors

 

by Grandesso Federico and Yan Lei

Milan, Italy, April 29 (Greenpost) — “More Chinese investors should come to Lombardy, they are welcome, there are many opportunities in the region and we are going to show them during the Expo,” Roberto Maroni, president of Lombardy Region said.

“There are many success stories, all investors are welcome, now we promote an initiative called ‘invest in Lombardy’ because we value your business,” the president said in an exclusive interview with Xinhua two days before the opening of Expo Milano.

” We have a vocation to innovation and research, we have 13 universities, 500 research centers both private and public, all the most important ICT companies are based in Milan and Lombardy,” he added.

Lombardy enjoys an exceptional climate for entrepreneurs and the president explains that there are one million companies out of ten million inhabitants, these companies are mainly SMEs and called “family companies ” which need help to be competitive in the world so investments from outside are welcome. Lombardy hosts 18,000 foreign companies.

He said: “For us, to attract investments means not only to come here with a new company and do what you normally do in China but we want to magnetize investment funds to help our companies to become part of our economic system.”

He said: “Investors have many choices; our ICT companies are excellent, some of them are even collaborating with NASA; then we are considered a number one manufacturing region,” he continued.

“Lombardy is agriculture and food production region in Italy, for example, a company near Brescia produces 24 tons of caviar per year exporting it even to Russia,” he said.

According to Maroni new investors can help the brand of “Made in Italy”. He explained that the Italian style and the Made in Italy is something unique and the problem is that most of the more successful Italian products are not produced in Italy.

“As food is concerned the total Italian export per year is 30 billion euros while the so called ‘Italian sounding’ or fake Italian is 60 billion euros,” he added.

“For this reason we welcome investment in the Made in Italy because this reinforces our possibility to increase the volumes of export,” the president explained.

Maroni said: “In 2013 Lombardy exported to China products for more than 3 billion euros while we imported products of 9 billion euros and our exports to China have increased 6 percent from 2012. Then over 100 Lombardy companies are involved with China with a total amount turnover of over 4 billion euros and more than 6000 employees.”

Maroni said he wants to visit China. “Till now I didn’t manage it but I want to go, I know the country and its evolution. I’m very impressed with the Chinese evolution from many points of view starting from the economy, the new landscapes in many towns and the rate of speed they have in every fields,” he said.

“China is more and more appreciated by the Italians and we want to support this evolution thanks to good relations between Lombardy, Italy and China,” he explained.

The president concluded his interview with a message: “Come to visit the Expo, Milan and Lombardy. Lombardy is a world heritage site, we have ten UNESCO sites. You have to visit our beauties and meet with our culture and food.” Enditem

Source Xinhua

Editor Xuefei Chen Axelsson

China Focus: China issues guideline for eco-friendly developmen

China Focus: China issues guideline for eco-friendly development

 

BEIJING, May 5 (Xinhua) — China’s cabinet on Tuesday published a guideline on improving the country’s environment, vowing to achieve “major progress” in the area by 2020.

In the 35-clause guideline, the State Council stressed the need to consider environmental protection when planning economic and social development, and to raise public awareness about the environment.

China’s safeguarding of the environment still lags behind its economic status, with prominent problems such as limited resources and severe pollution becoming major bottlenecks for sustainable growth, the guideline noted.

It called for more economical and efficient use of resources. By 2020, China aims to reduce carbon dioxide emissions by 40 to 45 percent from the 2005 level, and increase the share of non-fossil fuels in primary energy consumption to around 15 percent, according to the guideline.

Other targets include a steady improvement in water and soil quality, forestry and wetland coverage.

The guideline also stressed efforts to promote green urbanization and strengthen protection of ocean resources.

Decades of breakneck growth in China have dried up resources and left the country saddled with problems including smog and contaminated waterways.

In 2014, only eight of 74 major Chinese cities subject to PM 2.5 air quality monitoring met the national standard for clear air, according to data released by the Ministry of Environmental Protection (MEP).

Another MEP report released in June 2014 revealed that some 60 percent of ground water checked by 4,778 monitoring stations was rated as “bad” or “very bad”.

To strike a balance between growth and environment, China declared a “war against pollution” last year, calling for tougher regulations over polluting industries.

In his annual government report in March, Premier Li Keqiang pledged to take “a firm and unrelenting approach to ensure blue skies, clear waters, and sustainable development”.

Steady progress is being made. A new environmental law launched in January has toughened penalties for pollution and made clear that public-interest groups have the right to sue liable parties.

Earlier this month, the State Council unveiled a detailed action plan to fight water pollution. It said more than 70 percent of the water in the seven major river valleys, including the Yangtze and Yellow rivers, should be in good condition by 2020. The same target is set for offshore areas. Small factories in sectors including paper, insecticides and tanning will be shut down by the end of 2016.

And with Tuesday’s announcement of the overall roadmap, analysts expect more detailed regulations to follow.

“The key for the next step is whether we can seriously implement the guideline,” noted Wang Yi, head of the Institute of Policy and Management under the Chinese Academy of Sciences. Enditem

 

Source Xinhua

Editor  Xuefei Chen Axlesson

 

China Focus: Online money market funds lose luster

China Focus: Online money market funds lose luster

 

Stockholm, June2 (Greenpost) — Online money market funds (MMFs) are losing their appeal to Chinese investors who crave higher yields in the stock market.

Combined assets of online MMFs totaled 1.36 trillion yuan (222 billion U.S. dollars) at the end of the first quarter, down 9.8 percent from the previous quarter, according to data from Beijing-based lending information provider Rong360.com.

The figure was a sizable reduction compared to a peak of 1.56 trillion yuan at the end of September 2014.

Analysts said a bullish stock market has drawn money away from online MMFs.

The benchmark Shanghai Composite Index has gained more than 30 percent since the start of this year, accompanied by a frenzy of new accounts and record turnover.

Rong360.com analyst Xu Jin said that a huge amount of capital has flowed out of bank deposits and online MMFs into the stock market, feeding the market’s steady climb.

Online MMFs offered annualized interest rates of nearly 7 percent when they first became popular in 2013, but the current rate has fallen to around 4 percent, another reason they have lost their allure, according to Xu.

The falling yields accompanied two interest rate cuts and two drops in banks’ reserve requirement ratio by the central bank since November of last year.

Despite the general decline, Alibaba’s Yu’e Bao, the most popular and largest online MMF, was an exception. Its first quarter report showed assets had reached 712 billion yuan as of the end of March, up 23 percent from three months ago.

Alastair Sewell, Senior Director of Fund & Asset Manager Ratings at Fitch Ratings, said the relative ease and convenience of online MMFs have made them wildly popular and a key wealth management tool for average investors.

Yu’e Bao can be used for online purchases, taxis, credit card payments, mortgage payments, and even utilities such as water and electricity. It also offers instant redemption and no-fee money transfers between bank accounts.

However, Sewell warned that online MMFs have a less stable investor base with yield-hungry retail investors susceptible to herd behavior, which could result in a mass outflow of funds. Enditem

Source  Xinhua

Editor Xuefei Chen Axelsson

Austrian companies aiming to strengthen business with China: economic chambers

Austrian companies aiming to strengthen business with China: economic chambers

Stockholm, June 2(Greenpost) — Despite a recent slowing of economic growth in China, Austrian companies intend to both develop and expand their presence there, Martin Glatz from the Austrian Economic Chambers (WKO) said at a press conference Wednesday.

He said both China’s internationalization and urbanization are attractive for Austrian companies.

Its “New Silk Road” project, that involves investment in trade routes, can provide infrastructure that can also be useful for Austrian companies in approaching other markets, such as economic interests in Central and Eastern Europe, Glatz said.

The progressive urbanization of China brings with it a rapidly increasing demand for consumer and lifestyle goods, he said, with wage increases and more time available for the middle class to pursue leisure activities.

The urbanization trend also provides potential opportunities in infrastructure and urban development, particularly in creating a higher quality of life in urban areas with a focus on sustainable concepts and the establishment of “smart cities.”

Demographic changes such as an aging population mean demand for pharmaceuticals and medical technology will increase, Glatz said. Enditem

Source  Xinhua

Editor   Xuefei Chen Axelsson

 

China to promote energy price reform

China to promote energy price reform

 

Stockholm, June 2(Greenpost) — China will promote price reforms of energy, especially electricity in 2015, the National Energy Administration (NEA) said Thursday.

The costs and prices of electricity transmission and distribution will be monitored, but the price determined by the market. A power transaction market will be established to better allocate resources. Clean energy will be advanced, according to NEA’s document on market supervision in 2015.

Monopolies in some sections of energy supplies will be reviewed in an effort to open the market to competition.

The NEA demanded more supervision of power suppliers, the quality of the electricity supplied, service levels, price and other charges.  Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

Direct air route between Milan and Shanghai inaugurated

Direct air route between Milan and Shanghai inaugurated

 

Stockholm, June 2(Greenpost) — Italian airline company Alitalia on Friday launched a direct route between Milan and Chinese megacity Shanghai, in an effort to attract more Chinese tourists to the 2015 expo.

The Airbus 330 aircraft, which has 250 seats, will fly three round-trips each week between the two cities.

The Milan Expo 2015 kicked off on Friday, and will last until the end of October. Italian embassy in Beijing has shorten the visa processing time for Chinese tourists to attract more people to the Expo. Enditem

Xinhua Source

Editor  Xuefei Chen Axelsson

New direct Beijing-Budapest air route opens

New direct Beijing-Budapest air route opens

Stockholm, June 2 (Greenpost) — Air China’s Beijing-Budapest route was officially inaugurated on Friday evening, when its Airbus 330-200 landed at Budapest Ferenc Liszt International Airport.

Airport officials were on hand to greet the first flight, welcoming it with an archway of water as the craft glided into its slot on the tarmac.

Hungary’s Minister of Foreign Affairs and Trade Peter Szijjarto, Chinese Ambassador to Hungary Xiao Qian attended the welcoming ceremony.

The Airbus 330-200 can carry 207 economy and 30 business class passengers, and will be commuting between the Chinese and Hungarian capitals four times weekly.

On the way to Budapest the flight stops once, in Minsk, Belarus, but the return trip from Budapest to Beijing is non-stop.

Budapest Airport CEO Jost Lammers called the new route a historical moment for Hungarian air transport and the Hungarian economy, too.

“I’m sure the new flight will be very popular with tourists and business travelers,” he said, adding that the air bridge between the two countries had great potential. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

Volkswagen recalls 5,869 cars on problems with fuel pump in China

Volkswagen recalls 5,869 cars on problems with fuel pump in China

BEIJING, May 3 (Xinhua) — German carmaker Volkswagen and its joint venture in China FAW-Volkswagen will recall a total of 5,869 cars in China due to problems with fuel pumps, according to China’s quality watchdog.

The recalls, which starts on July 8, involves eight imported Golf Variant, produced in June of 2014, 512 imported Audi A3 40TFSI, made between Dec. 2013 and March 2014, 4,377 Golf A7 1.4T, manufactured between April and June of 2014, as well as 972 Audi A3 35TFSI, made between April and July of 2014, according to a notice issued by the General Administration of Quality Supervision, Inspection and Quarantine.

Some of the above-mentioned cars might have abnormal or disfunctioning fuel pumps, which might cause inability to start the cars or, under some extreme circumstances, lead to the flameout.

The company will contact clients and replace the flawed parts free of charge. Enditem

Source Xinhua

Editor Xuefei Chen Axelsson

Sweden-China Bridge 瑞中桥