Daily Archives: 06/03/2015

Business, China, News

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

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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

Business, China, Green-tech, Indepth, News, World News

China Focus: Belt and Road initiatives to spur infrastructure investment

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China Focus: Belt and Road initiatives to spur infrastructure investment

Stockholm, May 8 (Greenpost) — The “One Belt and One Road” initiatives, also known as the Silk Road Economic Belt and the 21st Century Maritime Silk Road initiatives, are very likely to boost physical infrastructure investment and facilitate the growth in the construction sector in China, according to market observers.
The Belt and Road initiatives are a Chinese framework for connecting economies in Asia Pacific and Europe.
Qiu Bo, an analyst at Guosen Securities Co., Ltd., said 2015 will be a year of infrastructure as Chinese government is now actively pushing ahead with its Belt and Road initiatives. The analyst added that the investment in infrastructure has become an important driving force behind domestic economic growth amid the domestic downturn.
According to market analysts, China’s infrastructure projects mainly include housing renovation projects in shanty towns, urban underground pipeline network construction, railways and roads construction in central and western regions, waterway projects in the inland areas, oil-and-gas pipelines construction, electric power equipment, and environmental protection projects.
China Galaxy Securities’ researcher Bao Furong said there is a great opportunity for infrastructure-related companies to grow in the year. He also believed the central bank’s latest interest rate cuts could help reduce financing costs for construction enterprises as they are highly indebted at the moment, adding that steel-and-rail-related companies listed in China will benefit most from the lower rates.
The People’s Bank of China, the central bank, has cut the benchmark interest rates twice since November 2014, and lowered the reserve requirement ratio twice in less than three months since the start of this year.
According to calculations by Shenwan Hongyuan Securities Co., Ltd., construction companies listed on the Shanghai and Shenzhen bourses reported an 11.3 percent growth in net profits in the first quarter of the year, quicker than a 1.4 percent growth pace for the fourth quarter of 2014.
As it appears from publicly disclosed financial reports, construction sector is rebounding from recession. Sun Peng, a researcher at Sinolink Securities Co., Ltd, predicted construction companies will see a further pickup in the year with massive new orders flooding into them.
Under such circumstances, market observers also said that belt and road initiatives may bring big profit opportunity for private investors who participate in the public-private partnership (PPP), a new model of developing public service projects that is funded and operated through cooperation between government and private sector companies. Enditem

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China
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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
Business, China, News, World News

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

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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

Business, China, News

China to develop ocean economy

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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

Business, China, News, World News

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

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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
Business, China, Indepth, News

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

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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
 
Business, China, Indepth, News, World News

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

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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

Business, China, News

SW China city to build second airport

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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