Tag Archives: China

Sino-British entrepreneurs bullish on bilateral ties amid China’s “new normal”

   Sino-British entrepreneurs bullish on bilateral ties amid China’s “new normal”

Stockholm, June 4(Greenpost) — Both Chinese and British entrepreneurs are bullish on the Chinese market and bilateral collaboration in industries such as retail, healthcare and care-giving to senior citizens.

Addressing the 4th UK-China CEO dialogue on Tuesday, Zhu Xinli, chairman of China’s juice producer Huiyuan Group, said entrepreneurs both from China and Britain should regard China’s economic restructuring and growth slowdown as an opportunity, rather than merely an arduous process.

In the context of so-called “new normal” in China, entrepreneurs’ status is set to rise, as well as the expectations and encouragement from the society. Besides, more opportunities will emerge during and after the restructuring, he added.

Tom Troubridge, chairman of the China Business Group of PwC UK, said although the Chinese economic growth has slowed down, it is still much higher than all major advanced economies. In history, no country could keep growing at a high rate forever.

“If we take the economic scale of China into consideration, in a longer term, a 3 percent growth also indicates a large GDP increment,” he added.

He noted that currently there are 725 million urban residents in China, with an urbanization rate passing 50 percent. With urban residents looking set to number over 1 billion, the process of China’s urbanization not only benefits the country’s real estate industry, but also boosts the market of retail, education, healthcare and environmental protection.

Troubridge said he expected that there will be more acquisition activities of British brands by Chinese companies in the future, boosted by the growing demand of increased consumption of China’s expanding middle class.

Gordon Johncox, managing director of British cider producer Aston Manor, said he was optimistic on China’s cider market, as China is the largest beer consumption market and the largest apple juice consumer. Enditem

Source  Xinhua

Editor  Xuefei Chen Axelsson

China makes breakthroughs in fourth-generation nuclear technology

China makes breakthroughs in fourth-generation nuclear technology

 

Stockholm, June 4 (Greenpost) — China has made breakthroughs in the fourth-generation advanced nuclear technology featuring secure high temperature reactors.

The preliminary feasibility study report of the 600,000 KW high temperature reactor of the Jiangxi Ruijin nuclear project for commercial use was approved by the authorities, marking a big step forward for China’s first high temperature reactor power station for commercial use, according to the China Nuclear Engineering Group Co., on Wednesday.

Construction is expected to start on the first phase of the Jiangxi Ruijin project’s two units in 2017.

Nowadays, China has already mastered all technologies of high temperature reactors with proprietary intellectual property rights.

The high temperature reactors are suitable for construction in load-center areas and countries or regions with small- and medium-sized power grids, said analysts.

On China’s A-share market, investors can focus on companies as Sichuan Danfu Compressor (002366.SZ), SUFA Technology Industry (000777.SZ) and Jiangsu Shentong Valve (002438.SZ). Enditem

 

China become world’s biggest industrial robot mkt for two consecutive years by 2014

China become world’s biggest industrial robot mkt for two consecutive years by 2014

Stockholm, May 22 (Greenpost) — About 57,000 industrial robots were sold in China in 2014, up 55 percent year on year, and accounted for a quarter of world’s total robot sales, making China world’s biggest industrial robot market for two years running, according to statistics released by China Robot Industry Association (CRIA) on Thursday.

Specifically, domestic enterprises sold 16,945 industrial robots in 2014, up 76.6 percent year on year; and foreign enterprises sold about 40,000 industrial robots, up 47 percent year on year.

By varieties, multi-joint robots took up the dominant role in China, with total sales of 36,000 units in 2014, up 42 percent year on year. Foreign brands held the lions’ share, while sales of home-made multi-joint robots witnessed a rapid growth of 68 percent year on year.

Domestic industrial robot producers showed advantages in coordinate robots, accounting for over 50 percent of their sales last year.

Experts from the CRIA said domestic enterprises should accelerate in upgrading themselves to medium- and high-level to produce more multi-joint robots, and should fully tap segmented markets. (Edited by Hou Yujie, houyj@xinhua.org)

Xinhua

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

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

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

 

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

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

3D printer making Chinese space suit parts

3D printer making Chinese space suit parts

 

Stockholm, June2, (Greenpost) — Chinese researchers have used 3D printing technology to make a safer space suit for astronauts while spacewalking.

A research center under the China Aerospace Science and Technology Corporation used a 3D printer to create the vent pipes and the flanges connecting the pipes used on extravehicular space suit, according to a recent report from China Space News.

The vent pipe and the flange as a whole can improve the reliability and safety of the space suit, and suits can be made more efficiently. Researchers will use the technique to make more parts, says the report.

The technology has been approved by the Scientific Research Training Center for Chinese Astronauts.

China plans to launch its second orbiting space lab, Tiangong-2, in 2016, and aims to put a permanent manned space station into service around 2022.

Chinese astronauts have three kinds of space suit: inside-capsule suit, inside-capsule jacket and extravehicular space suit.

The inside-capsule space suit is used in case the pressure changes in the spaceship, usually during launch and landing periods.

The blue and lightweight inside-capsule jacket is used during normal flight, and is more convenient for work in the spaceship or space station.

The extravehicular space suit is the most complicated, providing life support system for astronauts during spacewalks.

The Shanghai Academy of Spaceflight Technology has successfully developed a multi-laser metal 3D printer, enabling astronauts to print items with just one 3D printer in space.

Wang Lianfeng, senior engineer at the academy, says the 3D printing technology is suitable for making parts with complicated structures and odd shapes, such as the valves of rocket engines.

“It’s very difficult to process the complicated parts by traditional methods,” says Wang. For example, it takes two groups of workers, working shifts around the clock, more than two weeks to make a part of a rocket engine, but a 3D printer can do it in just 16 hours.

Wang says China is on the cutting edge of 3D printing technology.

The multi-laser metal 3D printer in the Shanghai Academy of Spaceflight Technology is like a gray-colored cabinet.

The 3D printer used in space is similar to regular printer in principle, but it should be smaller and lighter, and must undergo more zero gravity tests, says Wang.

There are still many difficulties to overcome in 3D printing in space. Researchers are still developing materials suitable for 3D printing and the precision of 3D printed items needs to be improved, Wang adds.   Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

 

 

China pledges deeper int’l industrial cooperation

China pledges deeper int’l industrial cooperation

 

STOCKHOLM, June 2(Greenpost) — The State Council, China’s cabinet, on Wednesday vowed more promotion of industrial integration with other countries for mutual benefit.

China will push industrial and equipment manufacturing cooperation with other countries in accordance with their needs, according to a statement released after a State Council executive meeting presided over by Premier Li Keqiang.

Cooperation with countries, most notably those along the Belt and Road Asian infrastructure and trade networks, could drive Chinese equipment exports in industries including railways, power, telecommunications, construction materials and machinery, while helping the recipient countries create jobs and stimulate growth, the statement said.

Efforts should be made to “foster an industrial cooperation chain” and build a cross-border yuan payment system, according to the statement.

The cabinet also urged authorities to simplify investment procedures to pave the way for equipment exports.

To facilitate industrial upgrading and boost economic growth, the Chinese government has on many occasions underscored the importance of “international industrial capacity cooperation”, referring to a campaign that will involve moving Chinese production lines to other countries and China setting up factories with local partners abroad.

Earlier data showed outbound direct investment of the equipment manufacturing sector hit 960 million U.S. dollars during the first quarter of 2015. Enditem

Source Xinhua

Editor  Xuefei Chen Axelsson

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China to roll out energy-saving photovoltaic-driven inverter air conditioners

China to roll out energy-saving photovoltaic-driven inverter air conditioners

Stockholm, June 2, (Greenpost) – China’s photovoltaic company Yingli Solar and the country’s leading home appliances manufacturer Gree Electric Appliances (000651.SZ) have inked a cooperation agreement on the promotion and application of photovoltaic-driven inverter central air conditioners across the world.

According to the agreement, Yingli Solar will provide solar power generating products and relevant technologies and solutions to Gree’s ‘photovoltaic-driven inverter centrifuges, ‘photovoltaic-driven inverter variable refrigerant volume’, and other photovoltaic-driven inverter central air conditioning systems. The product series are capable of using solar energy to lower investment costs and improve the utilization of solar energy.

The two sides will also share their channels to jointly promote the ‘photovoltaic-driven inverter central air conditioning’ product series across the globe, and Gree is to use its global marketing network to promote Yingli Solar’s distributed photovoltaic power generation system.

Zhang Zhe, general manager of Yingli Photovoltaic Power Investment Group, said the cooperation with Gree will open a new era for the collaboration between solar power generation and home appliances industries and it will help facilitate solar energy to enter more households.

Source Xinhua

Editor  Xuefei Chen Axelsson

China Focus: Belt and Road Initiative facilitates more opening-up China

China Focus: Belt and Road Initiative facilitates more opening-up China

STOCKHOLM, June 2(Greenpost) — After decades of rapid growth, China is trying to further opening up and integrate into the global economy using  its Belt and Road Initiative.
During Chinese President Xi Jinping’s recently finished state visit to neighboring Pakistan, an estimated 50 billion U.S. dollars worth of contracts were signed on road, railway and energy projects.
The contracts are a small step of the initiative’s greater ambition to better link China to the world.
The “Belt and Road” refers to the Silk Road Economic Belt and the 21st Century Maritime Silk Road, mainly international trade and infrastructure projects, proposed by Xi when he visited Central Asia and Southeast Asia in September and October 2013.
On March 28, China unveiled an overall action plan for the initiative in order to accelerate implementation. The plan noted it is open to all countries and organizations to seek common prosperity.
The initiative will focus on transport, energy and communication infrastructure, and cooperation on investment, trade, industrial division, financing, education, tourism and technology.
The initiative shows China’s effort to adapt to a changing world and push forward globalization through a new round of comprehensive opening up, said Li Xiangyang, president of the National Institute of International Strategy under Chinese Academy of Social Sciences.
Hans-Paul Burkner, chairman of the Boston Consulting Group, said the initiative will be crucial in further developing globalization and will benefit China and other countries.
China has been opening up for more than 30 years. It has transformed into market-oriented economy and attracted investment from developed economies such as the United States, the European Union and Japan.
Already the world’s second largest economy, China is seeking to further open through cooperation with developing countries and emerging economies, both at the core of the Belt and Road Initiative.
“The programs of development will be open and inclusive, not exclusive. They will be a real chorus comprising all countries along the routes, not a solo for China itself,” Xi said on March 28 when addressing the 2015 Boao Forum for Asia in south China’s island province of Hainan.
The strategy covers countries and regions with a total population of 4.4 billion and a total economic volume of 21 trillion U.S. dollars, 63 percent and 29 percent respectively of the world’s total.
Burkner believes the initiative will help China create big markets along the routes, which means more opportunities to spread manufacturing and production around the region and for individuals and companies to participate in the world economy.
“China is devoting itself to build a community of common destiny with Asian countries and even rest of the world via platforms like the initiative, the Asian Infrastructure Investment Bank and the Silk Road fund,” said Zhai Kun, a professor of international relations at Peking University.  Enditem  source Xinhua
Xuefei Chen Axelsson editor

China Headlines: China launches three more free trade zones

BEIJING, Apr. 21 (Xinhua) –Three new free trade zones (FTZ) began official operation on Tuesday as China seeks to draw more international commerce.
The new zones were established 18 months after the first FTZ was unveiled in the financial hub Shanghai, which was designed to help streamline the overloaded administrative approval system and encourage innovation and internationalization.
Officials expect the new FTZs in Tianjin, Guangdong and Fujian will boost economic reform, promote trade and facilitate investment in new areas as the world’s second largest economy moves away from an unsustainable export-dependent model.
Provincial-level officials attended the launching ceremony at the three zones Tuesday, when dozens of business licenses were ceremonially granted to registered enterprises.
Some businesses have already experienced the increased efficiency of working in the new zones.
Liu Qiya, the chief financial official with Tuwei Tongli Electrical Technology based in Xiamen, an open coastal city of Fujian, said his company was granted an operational license for the zone just three days after the application was submitted. The same procedure in other parts of the province could take weeks.
Antonio Fossanti, CEO of the Italian RDS, said the reason his retail company chose to operate in the Tianjin zone is the one-stop solution of problems concerning policy, customs, trade and marketing.
According to a detailed plan released on Monday, the new zones will be based on the Shanghai FTZ but catered to utilize their geographical locations.
By its first anniversary, the Shanghai zone had seen nearly 12,000 registered enterprises lured by a better trade and investment environment.
The Tianjin zone aims to better integrate the northern municipality with Beijing and Hebei Province. It will prioritize modern service industries, including shipping, culture and equipment manufacturing.
The Guangdong zone will deepen economic cooperation between the mainland and neighboring special administrative regions Hong Kong and Macao. It will have three bases in the cities of Guangzhou, Shenzhen and Zhuhai.
The Fujian zone will focus on developing economic cooperation between the mainland and Taiwan. It will cover three areas in Xiamen, Fuzhou and Pingtan, a new industrial park targeting investment from Taiwan.
The Shanghai zone, which has been more than quadrupled in size since it was established, will continue to strive for “the greatest openness” to facilitate investment and trade with currency convertibility and a sound legal environment. It will also further open its service and manufacturing industries.
All zones must adhere to the negative list, which details 122 prohibited or restricted areas for foreign investment, ranging from Internet news services, production of radio and television programs to non-ferrous metal mining. This number has been reduced from 139.
Foreign investors will be subject to the same rules and regulations for new investment as domestic firms.
Experts believe that these fresh zones are strategically important for the “belt and road” initiative, which aims to better connect Asia, Europe and Africa, as a way to boost investment and consumption.
Shao Yu, Shanghai-based chief economist of the Orient Securities Co.,Ltd., said the four FTZs will be crucial “supporting points” for the belt and road initiative.
“More opening-up moves are needed in regions such as southwestern Yunnan and Tibet for the new strategic layout,” he said.
Wang Shouwen, assistant minister of commerce, said the new zones will not just copy the Shanghai zone but also break fresh ground in areas such as investment administration, trade regulation and financial systems.
The replication of successful reform measures is a common strategy in the reform and opening-up drive. The Shenzhen Special Economic Zone, founded in 1980, has been rolled out along the entire east coast over the past three decades.
That zone allowed foreign investment to develop the manufacturing industry, a driving force behind the economic boom of previous decades.
FTZ fever has caught the attention of officials across the country, with many pushing for their regions to be included in the next batch of FTZs.
However, observers warn that the central government must ensure that the FTZs are used to pioneer reform measures, and that their policies are correctly implemented.
Foreign business groups have said that the Shanghai zone brought improvements but they expected “more tangible benefits” of financial reforms, such as full convertibility of the yuan. Enditem

 

A boat holding 458 people sank in the Yangtze River in China

Xuefei Chen Axelsson

Stockholm, June 2, (Greenpost)–A boat holding 458 people sank in the Yantze River in China, according to China News Agency.

Eleven people have been rescued and the others are still missing.

Chinese Premier Li Keqiang went to the site where the accident took place.

It was reported that a man who swam out three hours after the boat sank and rang to the authorities.  The authorities received the message around midnight.

Nanjing monitoring center said when the boat set off there was no

dangerous signal.

It was said that the boat encountered strong wind of 12 class and a tornado took place when the boat arrived at Hubei territory.

People say there were a few small boats sinking there before.

But the strong storm made the boat sank just within two minutes.

The water there was tested as 15 meters deep.

The Three Gorges Committee decided to slow down the water speed flushing down the river bed so that the rescue work became

easier.

It was discovered that the age of the people in the boat ranges from

45 to 76 years old. They were organized by Xiyanghong or Sunset Elderly organization.