Fidest – Agenzia giornalistica/press agency

Quotidiano di informazione – Anno 32 n° 106

Posts Tagged ‘china’

A special edition on the new coronavirus

Posted by fidest press agency su lunedì, 2 marzo 2020

By Zanny Minton Beddoes, Editor-In-Chief The Economist. Welcome to a special edition of our weekly newsletter on the new disease, covid-19. In 12 short weeks the virus has spread from a wet market in Wuhan, across China and out into the world.
So far 58 countries have reported over 83,000 cases—though the true figure is almost certainly a lot larger. At least 2,800 people have died. This week, for the first time, the daily toll of new cases outside China began to outstrip the spread of the infection inside. The first cases have turned up in countries as distant from each other as Brazil and Pakistan. In our cover leader in this week’s issue, we set out the threat from the disease and warn that, now that the virus is overwhelming attempts to contain it, it is past time for governments to prepare. But a huge amount remains misunderstood about the virus and its effects. Here we present seven articles that tell the story of the birth of a pandemic. We look at the biology of the disease and the dynamics of its spread; how public-health systems are gearing up to deal with the inevitable surge in infections; and how scientists are working on vaccines and new antiviral medicines. We also look at how the virus is affecting China—from the lives of migrant workers stuck in their villages to the political calculations of President Xi Jinping. And lastly we look at how covid-19 is harming global business and the world economy.A pandemic is more than a disease. It tests a society’s health systems, its government and politicians, and its economy. We hope that our coverage prepares you for what to expect.

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“China will be a different country after the coronavirus crisis”

Posted by fidest press agency su sabato, 29 febbraio 2020

China has been battling the spread of the coronavirus for weeks. Some regions have begun to relax transport and travel restrictions in response to a call from state and party leader Xi Jinping. He on Sunday called on companies to get back to work and safeguard jobs as far as they could: provinces with low infection risks should revive business, while those still at risk should remain focused on containing the epidemic. No, the crisis is entering a crucial phase. There is still huge uncertainty about what will happen. State and party leader Xi Jinping said at a Politburo meeting on Friday that the “turning point” hasn’t been reached and the situation in affected areas remains very serious and complicated. China’s leadership is doing everything it can to restart the economic engine. It cannot afford the country’s economy to remain paralyzed – and neither can the global economy, for that matter. There is a huge tension between the imperatives of “getting back to work” and of maintaining the strictest measures to avoid new contagion at all costs. Party officials and company executives once again have to contend with an immense dilemma and are under huge pressure. Xi personally pledged to ensure preferential treatment for companies critically important to global supply chains – but this is not so much comforting as more a sign of the scale of the problem.
Everyone involved wishes China’s leaders every success in fighting the crisis. Despite justified criticism from inside and outside China about the initial cover-up of the outbreak, any efforts by Beijing to ensure international cooperation and transparency are much appreciated. However, the biggest question remains what “lessons” Beijing will learn from the crisis. Some of these will be welcome – we can expect investments in health-system reform and disease control. But there are concerns that China’s leadership will react to likely pressure and economic disruption by shelving its already limited reform agenda for some time. And that it will make crisis-fighting measures like extensive information control and digital surveillance part of its everyday policy.

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As its covid-19 epidemic slows, China tries to get back to work

Posted by fidest press agency su giovedì, 27 febbraio 2020

IF CHINA IS the world’s factory, Yiwu International Trade City is the factory’s showroom. It is the world’s biggest wholesale market, spacious enough to fit 770 football pitches, with stalls selling everything from leather purses to motorcycle mufflers. On February 24th, as is customary for its reopening after the lunar new year, performers held long fabric dragons aloft on poles and danced to the beat of drums, hoping to bring good fortune to the 200,000 merchants and buyers who normally throng the market each day. But these are not normal times. The reopening was delayed by two weeks because of the covid-19 virus, the crowd was sparse and the dragon dancers, like everyone else, donned white face-masks for protection. The ceremony complete, business began. All those entering the market had to pass health checks and were told to be silent during meal breaks, lest they spread germs by talking.
The muted restart of the Yiwu market resembles that of the broader Chinese economy. The government has decided that the epidemic is under control to the point that much of the country can go back to work. That is far from simple. More than 100m migrant workers, the people who make the economy tick, are still in their hometowns, and officials are trying hard to transport them to the factories and shops that need them. Yiwu has chartered dozens of trains and buses to bring in workers from around the country. It also wants to lure in buyers from around the world: it has offered to cover the full cost of their flights and accommodation if they arrive before February 29th. (font: The Economist)

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Munich Security Conference: Will China be a driver of “Westlessness”?

Posted by fidest press agency su venerdì, 14 febbraio 2020

Interview with Helena Legarda, analyst at the Mercator Institute for China Studies (MERICS) in Berlin.
Even though the Coronavirus crisis will probably hinder some high-ranking Chinese officials from attending the MSC, China will be very present in most discussions about the international security landscape. In a declaration issued at the end of its December summit, NATO recognized the challenges posed by the rise of China – a first for the western defence alliance. Why did it do that? ­
The statement by NATO leaders was the culmination of a process of assessing China’s growing international role and its rise as a global security actor. Asia is normally outside the alliance’s area of operations. But issues like Huawei and 5G, China-Russia relations, China’s rapid military modernization and NATO more frequently encountering the People’s Liberation Army (PLA) overseas have brought China into focus. Although the language of the statement is careful – it notes China presents “both opportunities and challenges” – its mere existence is hugely significant as it shows that China has become a point of concern for the alliance. ­
Many European governments are currently struggling to deal with China’s determination to participate in Europe’s 5G infrastructure. They view the possibility of Chinese infiltration as a serious threat to their national security. Do you expect the Chinese delegation to address this issue in Munich? ­
The issue of Europe’s 5G networks and Huawei’s role in supplying them is very likely to come up at the Munich Security Conference. There are delegates from China, the US and Europe, so the war of words over the security implications of using Huawei equipment in 5G networks will most likely continue, especially as most European countries, including Germany, have not finally decided the issue (as we highlight in our contribution to the Munich Security Report, page 31f.). We can expect the US delegation to continue making the case for a Huawei ban, while the Chinese delegation will push for Europe not to exclude Huawei, possibly threatening consequences if countries choose to ban the Chinese telecommunications giant. ­
New research from the Stockholm International Peace Research Institute (SIPRI) suggests China is the world’s second-largest arms producer, behind the USA but ahead of Russia. Does China want to dominate the market? ­
The arms-sales figures of China’s defence companies aren’t very transparent, so it is difficult to exactly determine their position in the market. But it is quite clear that China overall is currently a net global arms exporter, having left behind its traditional position as a net importer. The Center for Strategic and International Studies (CSIS) reckons China exported about EUR 14.4 billion worth of conventional weapons between 2008 and 2018, making it the fifth largest arms supplier in the world. But China is working to increase its global arms sales by moving beyond its traditional buyers in Asia, in particular Pakistan, Bangladesh and Myanmar. China is increasingly intent on strengthening its foothold in new markets in Africa and the Middle East, where Russia and the US have traditionally been much bigger players. China’s advantage is that Chinese weaponry – although sometimes less advanced – tends to be cheaper than the Russian and especially the American alternatives.
How do you expect China’s participation in arms-control regimes to develop?
The collapse of the Intermediate-Range Nuclear Forces Treaty (INF Treaty) has lent a new sense of urgency to the issue of arms control. Developing a new arms-control regime that includes China and other global powers like the US and Russia has become a priority for many governments. Both Washington and Berlin have repeatedly invited Beijing to help negotiate a new treaty, be it trilateral or multilateral. But China has rejected these calls and argued that Moscow and Washington must take steps to reduce their nuclear arsenals before they ask other countries to do the same. Beijing is reluctant to embrace full transparency when it comes to its arsenal and assigns its missiles an important role in its military strategy and global ambitions, so including China in a new regime that is similar to the INF Treaty will be an uphill battle. But incremental steps can be taken to reduce the likelihood of an arms race. ­
At the next National People’s Congress (NPC), China is expected to announce new military-spending plans. Do you expect a big increase in expenditure? ­
This year’s National People’s Congress was supposed to meet on March 5, but it is likely to be delayed by the coronavirus outbreak, so it may be some time before China’s defense budget for 2020 is published. But it does seem likely that this year’s budget will grow by about 7-8 percent, as it has over the last few years. This would continue the upward trend of China’s military expenditure, which has almost doubled since 2010. The growing military budget and other national policies like Made in China 2025 and the Civil-Military Integration strategy have clearly contributed to the PLA’s modernization. Beijing has rapidly developed increasingly advanced platforms – the first domestically made aircraft carrier, stealth UAVs, fifth-generation fighter jets like the J-20. China’s ultimate goal is to have by 2049 a military that can fight and win wars – even if the PLA still has a number of big hurdles to clear to get there. ­
This year’s MSC report defines the concept of “Westlesness” as a trend by which not only the world is becoming less Western, but the West itself may become less Western too. When looked at it like that, China could definitely be seen as a driver of “Westlessness”. China’s rise and its growing influence in global economic, political and security matters is having a clear impact on the Western-led liberal world order. China is using its growing influence in international organizations, its economic clout and its expanding global military footprint to present itself as an alternative to the West for many non-Western countries – and as an alternative to the United States for European states. This has created fault lines in the transatlantic relationship, as some countries try to balance close economic ties to China with political ties to Washington.
Helena Legarda together with Meia Nouwens (IISS) will discuss at the MSC side-event “The future of China’s participation in arms-control regimes”, followed by a policy comment by Sebastian Groth (Director of Policy Planning Department of the German Federal Foreign Office). The event will take place at the Hotel Bayerischer Hof on February 15. Relevant Sources:MERICS China Global Security TrackerMunich Security Report 2020: Westlessness

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China’s attempts to curb Hong Kong protests threaten the city’s status as a financial center

Posted by fidest press agency su venerdì, 24 gennaio 2020

The political crisis that has gripped Hong Kong since March 2019 is far from resolved. The Chinese government’s responses to the protests are undermining the city’s institutional pillars. Hong Kong’s status as a financial gateway is at risk as the city is caught between the differing needs of China’s government and international business, according to MERICS researchers Max J. Zenglein and Maximilian Kärnfelt. The authors of the new MERICS study „Financial hub at risk. How China’s reaction to protests jeopardizes Hong Kong’s status” argue the protest movement and government responses also pose a dilemma for Beijing: China cannot enjoy the benefits of both political control and a liberal economic environment.Hong Kong’s position as a financial hub rests on its high degree of autonomy. The city’s status as a Special Administrative Region has given it the freedom to meet the institutional requirements to remain an international hub for finance and trade. Hong Kong’s freedoms – in particular the rule of law and a lack of capital controls – are thus essential for China as it tries to satisfy its growing appetite for foreign capital.The protests have affected Hong Kong’s economy, causing the city’s first recession since 2009. Hard-hit sectors include retail, restaurants, hospitality, transportation and events – even if the real estate market remains fairly stable for now. The city’s function as an offshore financial center has so far not been affected. There have been no major capital outflows, and the Hong Kong Stock Exchange (HKEX) continues to attract major IPOs. With the listing of Anheuser-Busch’s Asian unit and the secondary listing of Alibaba, it even topped the global ranking of IPO locations last year. But the city’s ability to attract new companies and talent has suffered – ever more expatriate executives, for example, are relocating their families elsewhere.The authors argue that China has no credible alternative to Hong Kong in the short to medium term. Hong Kong’s role as China’s gateway to global financial markets is currently unique. The city provides China access to foreign exchange and is helping to integrate the country’s financial system into global markets. Shanghai and Shenzhen are in no position to take over because of their strict capital controls, and the absence of both a freely convertible currency and the rule of law. Alternative offshore centers like Macau, Singapore or London are at best complementary hubs – cities beyond mainland China have considerable political and economic constraints.However, the crisis has the potential to undermine the institutions upon which Hong Kong’s liberal economy relies. The authors look at different reasons why Hong Kong’s status as a popular offshore financial center (OFC) is at risk: escalating economic and financial crisis, Hong Kong’s need for international recognition of its special trading status, political pressure on companies that could erode economic freedom, and Beijing’s hardline measures that could undermine the city’s independent judiciary.
According to a MERICS survey of experts and professionals in Hong Kong, a majority of 71.2 per cent expect the city to remain functional even as protests continue, 22.9 per cent foresee business as usual as protests fade and stability returns, and only six per cent worry that a deterioration in stability could cause significant, lasting damage.Zenglein and Kärnfelt conclude with a warning: Growing distrust in Hong Kong’s institutions jeopardizes its position as an offshore financial center. Beijing’s hardline course threatens to inflict substantial and irreparable damage on the city’s institutions. As a result, Chinese pressure for accelerated convergence with the mainland’s political and legal system has reached a critical point. Given that Beijing has no credible alternative financial gateway, the premature demise of Hong Kong’s global function would be costly for China. In that event, European businesses would face the challenge of losing the institutional convenience Hong Kong provides.You can read the full report „Financial hub at risk. How China’s reaction to protests jeopardizes Hong Kong’s status” here.

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Eros Now Channel Live on Wasu Media In China

Posted by fidest press agency su giovedì, 9 gennaio 2020

Eros Now, the cutting-edge digital over-the-top (OTT) South Asian entertainment platform owned by Eros International Plc (NYSE: EROS) (“Eros” or “the Company”), a Global Indian Entertainment Company, had previously announced in 2019 a partnership with Wasu Media. Eros Now is pleased to announce the service is now live on Wasu Media in China and able to deliver Bollywood and digital original series to Chinese viewers. Wasu Media is a major cable television, broadband network OTT and IPTV service provider in China.Eros Now further cements its position as a pioneer as the only Indian OTT player to have live services for Video on Demand in China including on Wasu Media and Iqiyi.Wasu Media has a strong base in the country and reaches 125 million users via its Cable TV, OTT, IPTV distribution network to 100+ cities in China, providing Eros Now a platform to further expand its subscriber base. The partnership will enable Wasu Media to provide Bollywood content as a SVOD service to Chinese viewers and further enhance the demand that Bollywood content has seen in China over the last few years.There is a massive cultural overlap of viewing behaviour of Chinese audiences with that of South Asian audiences, this has been demonstrated by the success of movies like Dangal, Bajrangi Bhaijaan and Andhadhun that have released in China over the last few years with significant success at the Chinese box office. The trend now has escalated to digital platforms with Eros Now at the forefront with this transformation of building viewership of Indian movies with digital viewers in China.

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Global & China Laboratory Digestion Systems Market

Posted by fidest press agency su sabato, 28 dicembre 2019

The “Laboratory Digestion Systems Market Insights 2019, Analysis and Forecast Global and Chinese Market to 2024, by Manufacturers, Product Type, Application, Regions and Technology” report has been added to ResearchAndMarkets.com’s offering.
Laboratory Digestion Systems Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Laboratory Digestion Systems industry with a focus on the Chinese market. The report provides key statistics on the market status of the Laboratory Digestion Systems manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Laboratory Digestion Systems market covering all important parameters.

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Allied Wallet China and Founder Andy Khawaja Plan

Posted by fidest press agency su mercoledì, 25 dicembre 2019

Wallet China, an Asia-based division of Allied Wallet providing online payment processing, and Founder Andy Khawaja plan to implement blockchain technology in their payment processing solutions to provide safer, streamlined, lower cost payment processing.
Blockchain technology is growing increasingly promising for the payment processing industry, and Allied Wallet China is at the forefront of this new shift in the way people will transact.Blockchain payments can be made virtually in real-time, and payments can be issued in seconds rather than days. This is especially helpful in cross-border payments which can take several days. The technology not only allows companies to become more agile and responsive, but lowers the cost with less transfer fees and typical costs of trade associated with payment processing.Allied Wallet China is implementing this innovative blockchain technology to improve payment processing solutions, making payments quicker with less fees.A major capability of blockchain is its ability to use “smart contracts.” Smart contracts are self-executing programs that can automatically execute payments or other actions when specific conditions are met. This is especially helpful in e-commerce. Processes can be sped up when payments are automatically issued when it is verified that a customer received their products/services.“This is the future of payments. It will allow us to provide even better payment processing solutions for business owners and consumers. Even IBM is working on a blockchain system; they say it will reduce one of their processes from 44 days to 10. This is innovation and we want to continue to lead our industry,” said Founder Andy Khawaja.“We’re excited to implement blockchain technology into our products and provide even safer, quicker, cost-efficient payment solutions,” Andy Khawaja added.Because blockchain transactions are so low cost, this new technology could shift the way people consume media. Blockgeeks.com claims that this may even make subscription and streaming services irrelevant due to the ability to such low transaction costs associated with blockchain.All industries must evolve and blockchain technology certainly will change the way we transact, lowering the costs for business owners and eventually consumers. Allied Wallet China proudly announced that they will be implementing this lower cost, secure technology within their services in summer of 2020.

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Mitsubishi Electric Wins Hand Dryer Patent and Design Rights Infringement Lawsuits in China

Posted by fidest press agency su venerdì, 13 dicembre 2019

Mitsubishi Electric Corporation (TOKYO: 6503) announced today that the Shanghai High People’s Court in China has ruled in its favor in the lawsuits alleging infringement of Mitsubishi Electric’s Jet Towel® hand dryer patent and design rights by Taizhou Dihour Electrical Appliances Co., Ltd., a Chinese manufacturer. The hand dryers manufactured by Taizhou Dihour were sold by Taizhou Dihour themselves and by Shanghai Jiecheng Electrical Appliances Co., Ltd. (“the Defendants”). In a separate copyright infringement lawsuit filed against the Defendants, Mitsubishi Electric already won a preliminary court ruling on May 24, 2018; the court ruled that the Defendants had infringed Mitsubishi’s copyrights in 13 areas. Mitsubishi Electric became the world’s first company to develop and market a new type of hand dryer that blows jets of air on both sides of the hand, pushing the water off rather than evaporating it, when it introduced its Jet Towel model in 1993.

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Global & China Critical Care Ventilators Market

Posted by fidest press agency su lunedì, 2 dicembre 2019

The “Critical Care Ventilators Market Insights 2019, Analysis and Forecast Global and Chinese Market to 2024, by Manufacturers, Product Type, Application, Regions and Technology” report has been added to ResearchAndMarkets.com’s offering.Critical Care Ventilators Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Critical Care Ventilators industry with a focus on the Chinese market. The report provides key statistics on the market status of the Critical Care Ventilators manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight of 2014-2024 global and Chinese Critical Care Ventilators market covering all important parameters.

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Entegris Celebrates the Opening of the China Technology Center

Posted by fidest press agency su sabato, 16 novembre 2019

Entegris Inc. (Nasdaq: ENTG), a leader in specialty chemicals and advanced materials solutions, today celebrated the opening of its China Technology Center (CTC). Located in China’s Silicon Valley, Zhangjiang, Shanghai, Entegris’ CTC further adds to the company’s technical capabilities in China. The four focus areas include: a Microcontamination Control Application Lab, an Advanced Material Handling Application Lab, a Surface Preparation and Integration Application Lab, and an Analytical and Metrology Lab.
With more than 25 years of operations in China, Entegris has been steadily expanding its footprint across the region, with offices in Shanghai, Beijing, Xi’an, Xiamen, and Wuhan and a sales and service presence in many other locations to serve customers from all parts of the country.The four labs within the China Technology Center are dedicated to solving a diverse set of customer problems across the semiconductor manufacturing ecosystem and bring a broad range of analytical and technical capabilities to customers in the region.

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Mevion Signs Agreement to Develop Proton Center in Tianjin, China

Posted by fidest press agency su venerdì, 15 novembre 2019

Mevion Medical Systems has signed an agreement with Tianjin Port Free Trade Zone Administrative Committee and Tianyi Holdings to develop a proton therapy center in the rapidly growing research and development hub, the Tianjin Airport Economic Area. The agreement was signed at the China International Import Expo.
Joint signing ceremony for the agreement: (from left to right) Fuju Zhang, Vice President, China at Mevion Medical Systems, Tiancheng You, Director of Tianjin Port Free Trade Zone Administrative Committee and Peng Zhou, Vice President of Tianyi Holdings Ltd. Co. signed the agreement on behalf of the three parties. (Photo: Business Wire) Under the agreement, the three parties will partner to develop a state-of-the-art proton therapy center to bring advanced healthcare services to Tianjin and its surrounding areas. In addition to clinical services, the Tianjin center will also pursue research activities to advance proton therapy.
The Tianjin Airport Economic Area was founded in 2015 to be a free trade hub supporting research and development of next-generation life sciences, aerospace technologies, and high-tech manufacturing.

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“China Retail Banking: Opportunities and Risks to 2023”

Posted by fidest press agency su lunedì, 4 novembre 2019

This report analyzes China’s lending market, with a focus on the consumer lending segment. The report discusses in detail the credit card, personal loan, and mortgage loan markets, covering market size, competitors’ market shares, and survey insights. The report also provides a market overview of the retail deposit segment. In addition, it covers the key digital disruptors in the country’s retail lending segment. China’s total loan balances outstanding (including credit card balances, personal loan balances, and residential mortgage balances outstanding) recorded a compound annual growth rate (CAGR) of 25.2% during 2014-18 to reach CNY37.8tn ($5.5tn). Credit card balances outstanding was the fastest-growing credit segment during the review period. However, as a result of stringent government regulations aimed at curbing rising household debt, total loan balances outstanding is expected to record a slower CAGR of 13.7% over 2019-23.

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Mitigating Human Capital Risks and Occupational Health Challenges in China

Posted by fidest press agency su venerdì, 1 novembre 2019

As an economic leader in growth, China has become an attractive country for international and regional organisations looking to set up operations. However, when complying with new health and safety regulations, a business can face a number of new challenges. To protect its 776 million strong workforce, there has been a shift in the regulatory structure on occupational health and compliance in China. It is now imperative for organisations currently operating, or looking to operate in the country, to implement clear policies and procedures in order to avoid financial and legal implications.To help organisations gain insight into the occupational health risks and requirements of operating in China, International SOS has partnered with Enhesa, to produce a new white paper: Operating in China Mitigating Human Capital Risks and Occupational Health Challenges in China. The paper addresses aspects including The Belt and Road Initiative (BRI) and the impact of non-communicable diseases, as well as initiatives like the ‘Healthy China 2030 Planning Outline.’ Dr Vincent Yue, Regional Medical Director at International SOS, comments, “As the world’s second largest economy, the business opportunities in China are rife. In order to maximise these opportunities, it is imperative that employers understand the moral and legal obligations to provide Duty of Care to employees. Healthcare is central to the Chinese government’s agenda, but the medical practice infrastructure and medical management system is different to that of the west. This paper provides guidance as well as recommended best practice for organisations to protect their workforce and business resilience.” Jessica Sarnowski, Head of Content Marketing & Thought Leadership at Enhesa, comments, “China’s increased emphasis on occupational health protection for employees makes it imperative for employers to be aware of the key pieces of legislation outlined in this whitepaper. Global companies that have a place of business in China should take note, not only of the evolving legal requirements in China, but also the best practices for mitigating risks related to employee health.” The transformation and reforms of China’s healthcare system is an on-going effort and critical for the domestic agenda for the Chinese government. The strategy of “Health China 2030” highlights the importance of occupational health workplace safety, and goes as far as outlining directions for occupational health practitioners.

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CTA Urges Congress to Intervene in U.S.-China Trade War

Posted by fidest press agency su domenica, 15 settembre 2019

The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)®, regarding the increasing cost of Section 301 tariffs on American businesses and consumers:“Increasing tariffs are giving the stock markets whiplash, and consumers are getting worried – just last month consumer sentiment dropped almost 10 percentage points. The president has overstepped his power on trade, and our nation’s businesses and families are footing the bill – it’s time for Congress to step up for American businesses and consumers. With less than 40 legislative days left this year, we urge Congress to hold a hearing on the Reclaiming Congressional Trade Authority Act of 2019, which would reassert Congress’ role in trade policy and protect Americans from this seemingly endless trade war. Congress has the power to review and should use its limited time left to investigate the scope and intent of the president’s misguided trade policy.”Our Constitution gives Congress clear authority on trade and tax matters and Congress has granted the executive branch limited power on tariff policy – but that authority has been taken too far. Congress exacerbated the Great Depression of the 1930s with its protectionist Smoot-Hawley Tariff Act. Instead of repeating history, Congress can help prevent another horrible economic mistake by moving forward with the Reclaiming Congressional Trade Authority Act.” The U.S. consumer technology industry paid $1.9 billion in tariffs in July – five times higher than it paid in July 2018, despite a 38% decrease in imports, according to new data from CTA, compiled and analyzed by The Trade Partnership. The July cost includes $143 million in tariffs on 5G-related products – including smartphones, routers, gateways and servers – a critical emerging technology that faced virtually no tariffs prior to the trade war. Since July 2018, Section 301 tariffs on China have cost the industry almost $12 billion, including $1.2 billion on 5G-related products alone.

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CTA: Raising Tariffs Hurts Americans, Not China

Posted by fidest press agency su martedì, 27 agosto 2019

The following statement is attributed to Gary Shapiro, president and CEO, Consumer Technology Association (CTA)® regarding President Trump’s announcement to increase the current Section 301 tariffs on Chinese products:“Enough is enough – as evidenced by today’s 623 point drop in the Dow, global markets are reeling on fears of a global recession. And today’s announcement only inflicts more pain on American businesses, workers and families. The president is right to fight against China’s forced technology transfers and IP theft – but tariffs are taxes on Americans, putting us on the wrong economic path and compromising our global leadership. “These escalating tariffs are the worst economic mistake since the Smoot-Hawley Tariff Act of 1930 – a decision that catapulted our country into the Great Depression. Instead of making America great again, the president is using tariffs to make a great economic mistake – again. How much longer will our families, companies and economy be forced to bear the financial burden of this misguided trade policy? Clearly, tariffs aren’t moving us toward a deal with China – it’s time to end the trade war and come to an agreement.”

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Digital Economy Is Becoming the Tie Connecting the Destinies of China and Southeast Asia

Posted by fidest press agency su martedì, 27 agosto 2019

According to report from the Maybank, China’s investment in Southeast Asia has been showing good momentum. In the first half of 2019, China’s investment in Southeast Asia reached USD 11 billion, almost doubling year-on-year. Against the headwind of US trade protectionism, the economic relationship between China and Southeast Asia is still uniquely well, which fully proves the feasibility of the Belt and Road Initiative. The new round of scientific and technological revolution is an important background for China’s rapid investment in Southeast Asia. According to statistics, China’s investment in Southeast Asia’s science and technology sector reached USD2.5 billion in the first half of the year, more than the total in 2017. The global commercialization of 5G communications is a major factor driving the outbreak of technology investment in the region. With the active assistance of China, Southeast Asian countries are catching up on the fast lane of 5G communication, and have built and transformed a large number of communication infrastructures, laying a solid foundation for the industrial revolution brought about by 5G.To get rich, first you need to get the road prepared. This experience of China’s economic development has undergone some changes. In the era of digital economy, the communication network has become the new roads and bridges, promoting the development of businesses and industries in various countries. China and Southeast Asian countries actively welcome the tide of the digital economy and hope to achieve lane-changing and overtaking and become developed countries the new round of scientific and technological revolution. The goal of the Belt and Road Initiative is also to build these new roads and ties, which will make China and Southeast Asia more closely linked and become a new pole of global economic growth.This new change is taking place in Southeast Asia. According to statistics, Chinese mobile phone manufacturers have been dominating the Southeast Asian market, and the latest market share has jumped to 62%, far exceeding that of other Western countries. Chinese manufacturers’ mobile phones are cost-effective and have been customized and optimized according to the habits of users in Southeast Asia. These mobile phones will become the counters and stores of the digital economy in Southeast Asia in the future.

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China-Thailand Strategic Cooperation Starts Three New Growth Points Following Tourism

Posted by fidest press agency su martedì, 27 agosto 2019

According to Thailand media reports, Thailand’s Minister of Tourism and Sports recently submitted a bill to Thai Prime Minister Prayuth to introduce a one-year free visa policy for Chinese and Indian tourists. The move was aimed at stimulating the development of Thailand’s tourism industry as a whole and striving to achieve a tourism revenue of 3.4 trillion baht.Earlier, Piphat said the lasting impact on Thailand’s tourism development, including economic problems, foreign tourists’ confidence problems, the appreciation of the Thai baht, Chinese tourists’ suspension of travel to Thailand. Therefore, the department planned to introduce a one-year free visa policy and replace the free visa on arrival policy that expires on October 31, 2019.Not only does Thailand want to boost tourism exchanges with China, the relationship between China and Thailand has been stable. In recent years, with the in-depth development of Sino-Thai relations, the cooperation between the two sides has gone far beyond tourism and agricultural trade. China hopes not only that Thailand will become more prosperous, but also that Thailand will become safer and more innovative. China-Thailand cooperation is moving towards three more strategic areas.The first is military security cooperation. The long-term stability of China-Thailand relationship has enabled the two countries to form a firm strategic mutual trust. In the future, China and Thailand are expected to carry out more extensive military equipment cooperation, including supporting Thailand in building its own military industry chain and jointly developing weapons and equipment.The second is medical cooperation. In August 2019, the China-Thailand Joint Research Institute of Natural Medicine held an opening ceremony in Bangkok, which will help promote the health cooperation between the two countries and the industrialization of natural medicines.Finally, cooperation in scientific and technological innovation. The implementation of protectionism by the U.S. in the field of science and technology has brought about new changes in global science and technology cooperation, while Thailand, due to its political neutrality, will play a more important role in the future.

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China and Laos Build China-Laos Economic Corridor and Build Community of Common Destiny

Posted by fidest press agency su martedì, 27 agosto 2019

A few days ago, the Laos government released a report predicting that the GDP growth rate will be 6.7% in 2019, the industry will become the biggest driving force. It is estimated that the industrial growth rate will be 8.3%. Khanpei, a member of the Lao parliament, told reporters that many garment manufacturers and electronic equipment companies are gradually shifting their production bases to Laos. After the opening of the China-Laos railway, the transportation costs will be reduced. Laos’ industrial modernization will benefit from the Railway.The China-Laos Railway project invested and built mainly by China and directly connected with China’s railway network. The 414 km long railway adopts Chinese technical standards and equipment, and is scheduled to be completed in December 2021.The China-Laos Railway Project is a strategic docking project between China’s Belt and Road Initiative and Laos’ strategy of “transforming the land-locked country into a land-linked country”. The Laos government attaches great importance to it and has set up a Project Steering Committee headed by the minister of the Department of Public Works and Transportation to coordinate and promote the construction of China-Laos Railway.Khansu Benyaoun, the deputy secretary of the Lao Central Commission for Discipline Inspection, once said in an interview: “The China-Laos Railway will speed up the process of integration and interconnection between Laos and ASEAN countries, become a major transportation artery that runs through the north and south of Laos, become a new engine for the modernization of Laos.”

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Digital Economy Is Becoming the Tie Connecting the Destinies of China and Southeast Asia

Posted by fidest press agency su lunedì, 26 agosto 2019

According to report from the Maybank, China’s investment in Southeast Asia has been showing good momentum. In the first half of 2019, China’s investment in Southeast Asia reached USD 11 billion, almost doubling year-on-year. Against the headwind of US trade protectionism, the economic relationship between China and Southeast Asia is still uniquely well, which fully proves the feasibility of the Belt and Road Initiative.The new round of scientific and technological revolution is an important background for China’s rapid investment in Southeast Asia. According to statistics, China’s investment in Southeast Asia’s science and technology sector reached USD2.5 billion in the first half of the year, more than the total in 2017. The global commercialization of 5G communications is a major factor driving the outbreak of technology investment in the region. With the active assistance of China, Southeast Asian countries are catching up on the fast lane of 5G communication, and have built and transformed a large number of communication infrastructures, laying a solid foundation for the industrial revolution brought about by 5G.To get rich, first you need to get the road prepared. This experience of China’s economic development has undergone some changes. In the era of digital economy, the communication network has become the new roads and bridges, promoting the development of businesses and industries in various countries. China and Southeast Asian countries actively welcome the tide of the digital economy and hope to achieve lane-changing and overtaking and become developed countries the new round of scientific and technological revolution. The goal of the Belt and Road Initiative is also to build these new roads and ties, which will make China and Southeast Asia more closely linked and become a new pole of global economic growth.This new change is taking place in Southeast Asia. According to statistics, Chinese mobile phone manufacturers have been dominating the Southeast Asian market, and the latest market share has jumped to 62%, far exceeding that of other Western countries. Chinese manufacturers’ mobile phones are cost-effective and have been customized and optimized according to the habits of users in Southeast Asia. These mobile phones will become the counters and stores of the digital economy in Southeast Asia in the future.

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