Category Archives: Business

business news from China, Sweden and the world.

Business, China, Chinese circle, World News

Sanya, Xiamen and Kunming were top three tourist destinations during May Day

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   BEIJING, May 3 (Greenpost) — China’s main tourist destinations welcomed record numbers of visitors during the long weekend for May Day. 

A total of 1.58 million visits were recorded Saturday to Monday at 26 monitored tourist attractions in Hubei Province, up 12.18 percent year on year, while the number of visitors to Chengdu in southwest China surpassed 8.2 million, up 6. 2 percent year on year, according to the China National Tourism Administration (CNTA).

In Beijing, the number of visits to 11 monitored parks and a garden museum on the second day of the holiday hit a single-day record of 750,000, according to the city’s park management center.

The Beijing Zoo, Temple of Heaven, and Summer Palace were the most popular spots in the city.
The number of domestic and overseas tourists in Shaanxi Province during the three-day holiday hit a record 20.89 million, up 29.21 percent year on year, generating about 8.5 billion yuan in revenue (1.3 billion U.S. dollars), up 30.83 percent year on year, according to the provincial government.

In Shandong, the number of tourists surpassed 30 million for the first time, up 11.3 percent year on year. Tourist income reached 24.38 billion yuan, up 15.2 percent year on year, according to provincial tourist authorities.
The southern Chinese city of Sanya saw 128,600 visitors, with those from abroad up 52.11 percent year on year, according to the city’s tourist authority.
Sanya, Xiamen and Kunming were the top three tourist destinations in China during the holiday, said the CNTA on its website. Enditem

Source Xinhua

Business, China, Chinese circle, culture, Exchange, News

President Xi holds talks with Lao Leader to enhance ties

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    BEIJING, May 3 (Greenpost) — President Xi Jinping held talks with visiting Lao President Bounnhang Vorachit on Tuesday.
This is Bounnhang’s first visit to China since he became General Secretary of the Central Committee of the Lao People’s Revolutionary Party in January and was elected president of Laos in April.
Xi, who is also general secretary of the Communist Party of China (CPC)Central Committee, said the visit showed the Lao side attached great importance to Laos-China ties. He called on both sides to seize opportunities to improve bilateral comprehensive strategic cooperation.

The traditional friendship between the two countries is their shared treasure, Xi said, stressing that China was ready to work with Lao new leadership to build a community with a shared future.
Xi called on the two socialist countries to enhance high-level contact, maintain a high level of political mutual trust, improve exchanges between the two ruling parties and promote mutual learning in governance.

The two sides can integrate their development strategies, strengthen pragmatic cooperation, expand people-to-people exchanges and enhance collaboration on security affairs, according to Xi.
The Chinese president also hoped the two countries will further coordinate in international affairs, including cooperation between China and ASEAN.

Echoing Xi, Bounnhang said he believed this visit will improve high-level mutual trust and that the new leadership of Laos will continue to push forward relations between the two parties, the two countries and the two peoples.

Bounnhang thanked China for its support to Laos’ holding the ASEAN’s rotating chair this year.
Speaking highly of China’s development, Bounnhang said he believed China will continue to contribute to peaceful regional and world development.
The two leaders witnessed the signing of a series of cooperative documents. Enditem

 

Business, China

Beijing to release frozen pork to ease market pressure

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 Beijing to release frozen pork to ease market pressure     Beijing’s pork prices have been rising since the Lunar New Year due to tight supply, with raw pork prices surging 50.6 percent month on month in April, according to the Beijing municipal government.     The decision, which comes into effect on Thursday and will last until July 4, will see 50,000 kg of pork sold cheaply to 121 major supermarkets on a daily basis. The government will also provide subsidies of up to 9 yuan (1.4 U.S. dollars) per kilogram of pork sold to encourage vendors to decrease prices.     The government will encourage slaughterhouses to increase the pork supply through subsidies, with 20 percent more pigs to be slaughtered during the 61-day period.
It is the first time the Beijing government has allocated reserve pork to the market since a “life necessity reserve mechanism” was launched in 1992 to create reserve systems to stabilize prices of key goods.  Enditem

Business, China

German firms upbeat on Chinese market growth: report

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    BEIJING, May 3 (Greenpost) — German firms in China are still optimistic about their local sales growth despite the economic slowdown, a report showed Tuesday.
About 90 percent of the surveyed 189 German firms, based in China, planned to continue business in China despite the economy seeing the weakest quarter-on-quarter expansion in the first quarter since 2011, according to the report released by the German Chamber of Commerce in China.
Over one third of the surveyed German firms have taken steps such as rolling out new products and services to adapt to market changes, the report showed.
Meanwhile, most German firms look forward to the opportunities brought about by China’s development plan for the next five years. Over half of the surveyed firms regard China’s growing sales market to be their biggest opportunity as more Chinese firms upgrade their systems and equipment.
“One important area of business we see from the 13th Five-Year Plan is the focus on innovation — this carries the potential for ample Sino-German business cooperation,” said Alexandra Voss, North China executive director with the German Chamber of Commerce in China.
China is Germany’s largest trade partner outside Europe. There are more than 5,000 German companies in China. Sentiment is high among the firms as they have been encouraged by China’s efforts in the areas of environmental protection and innovation, according to the report.
They also expected more agreeable market environment thanks to continuous opening up and easier market access, the report said.  Enditem

Business, China, Exchange

China to simplify approval process for gold imports, exports

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BEIJING, May 4 (Greenpost) — China will test a new policy that aims to make the import and export of gold a lot easier, according to a statement jointly issued by the People’s Bank of China and the General Administration of Customs.
The new policy, set to be tested from June 1, will allow gold companies to clear customs up to 12 times with one permit, the statement said.
Previously, gold companies had to apply for a permit for every import or export consignment.
The new measure will simplify the approval procedures and improve the gold trade environment, according to the statement.
The policy will be tested in Beijing, Shanghai, Guangzhou, Nanjing, Qingdao and Shenzhen.
China remains one of the world’s biggest consumers of gold, with total consumption amounting 985.9 tonnes last year. Gold output stood at 450.05 tonnes in 2015, according to data from the China Gold Association.  Enditem

 

Business, China, Exchange, World News

Uber, Alipay allow tourists abroad to pay fares in Chinese yuan

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BEIJING, May 4 (Greenpost) — Chinese tourists will be able to pay for Uber rides in Chinese yuan through Alibaba’s mobile payment services when travelling outside China, Uber said on Tuesday.
Uber and Alipay teamed up earlier this year to offer yuan payment options for Uber rides in Hong Kong, Macao and Taiwan. The option has been expanded to more than 400 cities in 68 countries and regions in which Uber operates.
China has emerged as the world’s biggest source of outbound travellers. This has prompted Chinese bank card association China UnionPay and mobile payment services such as Alibaba’s Alipay to work with retailers and merchants in popular destinations to offer the option of paying their bills in Chinese yuan, rather than in the foreign currency.
Uber also wants to tap China’s travel boom by encouraging Chinese tourists to book rides using its service in foreign countries.
Previously, Chinese riders had to pay Uber fares in U.S. dollars.
Uber rival Didi said last month that it has allowed Chinese tourists using its mobile app to access ride-hailing services through its partner Lyft in the United States, with bills payable through mobile payment services from China’s Alibaba and Tencent.  Enditem

 

Business, China, Chinese circle, Exchange, Indepth, News, Opinion, World News

South China Sea Islands belong to China: Li

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By Xuefei Chen Axelsson

STOCKHOLM, May 4(Greenpost)– Overseas Chinese leaders in Sweden Wednesday gathered at the Chinese Embassy in Stockholm to discuss the situation in the South China Sea.

DSC_9412Li Junfeng, Charge D’affair at the Chinese Embassy said at the gathering that he has heard some western reports proposing such questions such as South China Sea Islands are so far away from Chinese mainland, how can that belongs to China?

“The territories and jurisdictions are not decided by how far it is away from the mainland. Hauwaii sits far away from the American mainland, but no one can deny that it belongs to America.  In fact, South China Sea Islands belong to China since ancient times. China is the first to discover, name and develop these islands. Chinese government exerted its sovereign rights over these islands. Chinese government has published the names of these islands in 1935, 1947 and 1983. ”

During the Japanese invasion and occupation of China in the 1930s, the islands were temporarily occupied by the Japanese. But after the Second World War when Japanese was defeated by the Atomic Bombs thrown in by the Americans, China took back these Islands with the observance of the United States and the International Communities. It was well recognised by the International Communities.

There were no disputes before the 1970s. However,  after the 1970s, the Philippines illegally occupied eight small islands through four military actions causing the South China Sea dispute.

In 1999, the Philippines sent a ship to an island there and left there. When the Chinese side went to ask them to leave, the Philippine side said they lost a screw in the ship. They would leave later when they get the ship repaired.  But that was an excuse. Since then they never left.

Now the Philippines claimed that they occupied the island since then. But the Chinese side holds that the Philippines action was illegal. He criticised the Philippines action of illegally occupying some islands.

He also said that China insists on solving the dispute through peaceful negotiations and ASEAN countries should work together for a common prosperity in the region.

“China believes in that saying: Relatives from far away is not as useful as a neighbour which lives nearby.  Let alone China and the Philipines share similar oriental culture. Sooner or later, the friendly relations between the two countries should be resumed, and that should be the right track,”  said Li.

“China has never changed its stance of leaving dispute aside and achieving common development,” said Li.

His stance was supported by the Chinese in Sweden.

DSC_9433James Wang, President of the Chinese Federation of Industry and Commerce in Sweden said South China Sea Islands belonged to China since ancient times. It is hard to believe that other countries claim them.  China has the full right to protect its own territories.

DSC_9437Peiqun Ye, Executive Director of Swedish National Federation of Chinese Associations said as China grows stronger, the dispute will be less. He hopes that in a couple of years, the situation will change for the better.

DSC_9439Liran Yang, former chairwoman of Stockholm Chinese Cultural Association said all the women of the Chinese origin or second generation should exert their influence by giving true explanation of Chinese history and evidence that China owns the South China Islands.

DSC_9429Yuli Wang, Vice President of the Swedish Chinese Federation of Industry and Commerce said he doesn’t rule out the possibility that some people are jealous of China’s develepment over the past years and want to disturb the peaceful environment China enjoys.

Jisheng Wang, honorary Chairman of Swedish Chinese Federation said China has no doubt to hold its bottom line about the South China Sea Islands which belonged to Chinese since ancient times.

“The Philippines has been colonised many times by other invaders, but with China, similar to other parts of China, the Philippines used to pay tribute to the Chinese. It is right not to recognise the Philippines’ unilateral action about the South China Sea Islands,” said Wang.

About 20 Chinese leaders of various associations in Sweden attended the talk and expressed support for China’s stance on the so-called South China Sea issue.

For Chinese it is not an issue, but other countries around the South China Sea began to claim some islands and even occupy them illegally.

DSC_9395Li Junfeng said the Philippines claimed Huangyan Island and other smaller islands belong to them. But the fact is that according to the Paris Treaty signed in 1898, The Washington Treaty signed in 1900, British and American Treaty in 1930, the Philippines’ western border lies in 118 degree in longitude.  And Huangyan and other Islands lie in the west of 118 degree in longitude. After the Philippines got independent, its national law recognizes the relevant treaties about its territories.

In 2013, the Philippines sued China to the International Arbitration Tribunal in the Hague. China accused the Philippines went against their promises of solving the problems through bilateral negotiations.

It is hoped that the current Philippine presidential election will vote out the Aquino government so that the South China Sea issue calms down.

Swedish Foreign Minister Margot Walström said at least the South China Sea area is in peace. In deed, China has actually played a great role in stablizing the Asian situation and bringing prosperity in the region with the focus on  booming economic development.

Many people in China actually think the government was not tough enough in dealing with the dispute. But many wise Chinese drew the lessons of American invasion of Iraq.

It is easy to enter into a war, but it is difficult to withdraw from the war.  “Man can say that they won the war but lost the peace,” said Li.

He said hegemonism doesn’t work because China is still a developing country and China needs a peaceful environment for economic and social development. Some super powers have taken impulse actions and created a lot of enemies for themselves. That is not good for a harmonious world.

China still embraces the idea of building a harmonious world with its neighbours and all the people who love peace.

 

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瑞典国王卡尔十六世.古斯塔夫今日庆祝70大寿

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北欧绿色邮报网报道（记者陈雪霏）－－瑞典国王卡尔十六世.古斯塔夫今天将在斯德哥尔摩市中心的王宫隆重庆祝他的70大寿。

根据瑞典皇室的安排，瑞典国王70大寿的庆典从4月25日就陆续开始了。首先是4月25日进行了波罗的海研讨会，只有邀请的客人可以参加。4月26日在皇家教堂瑞典军乐团举办了一场音乐会。4月28日和29日，国王在皇宫接待了政府和有关部门和组织的庆贺。4月29日，瑞典皇家艺术学院在瑞典皇家歌剧院举办了庆祝活动。瑞典北欧博物馆，斯德哥尔摩音乐厅，瑞典皇家歌剧团在北欧博物馆为国王庆祝生日。

4月30日10点开始，瑞典皇家军乐团将在王宫外面进行演奏。国王将乘马车环王宫一周。 届时将有很多公众观看。
盘点瑞典国王在过去十年里的变化，真是成果丰硕。
先是大公主王储维多利亚大婚，然后是二公主玛德琳大婚，最后菲利普王子大婚。维多利亚和菲利普都是和百姓家儿女结婚，二公主找了美国金融男子。
如今大公主已经儿女双全，二公主玛德琳也是一双儿女，菲利普王子和夫人索非亚刚刚前不久喜得贵子。
瑞典皇家真是人丁兴旺，幸福满满！以下是国王一家人的名字：
  • Konung Carl XVI Gustaf (f. 1946)
  • Drottning Silvia (f. 1943)
  • Kronprinsessan Victoria (f. 1977)
  • Prins Daniel (f. 1973)
  • Prinsessan Estelle (f. 2012)
  • Prins Oscar (f. 2016)
  • Prins Carl Philip (f. 1979)
  • Prinsessan Sofia (f. 1984)
  • Prins Alexander (f. 2016)
  • Prinsessan Madeleine (f. 1982), gift med herr Christopher O’Neill (f. 1974)
  • Prinsessan Leonore (f. 2014)
  • Prins Nicolas (f. 2015)
  • Prinsessan Birgitta (f. 1937)

 亲爱的读者一般到这里就够了，如果您想练习英语或者是检察一下是否我的翻译有误，可以接着看英语原文。

 以下是生日活动庆典安排和有关链接：

MONDAY APRIL 25

1. Seminar on the Baltic Sea – The Royal Dramatic Theatre, Arrival outside

Photo position (still photo, TV/web cameras, reporters)
Ladders NOT allowed
Checkpoint – Media to gather at 18.15, the Royal Dramatic Theatre’s Royal Entrance

Aftonbladet (3), Bild & Kultur (1), Expressen (3), IBL (2), KulturSthlm (1), Stella Pictures (2), SVT (3), Sveriges Radio (1), TV4 (3), TT Nyhetsbyrån (2)

ARD (4)

TUESDAY APRIL 26

2. The Armed Forces Music Corps performs a concert – The Royal Chapel

Photo pool, reporters
Ladders NOT allowed
Checkpoint – Media to gather at 17.30, West Vault

Aftonbladet (1 still photographer, 1 reporter), Bild & Kultur (1 reporter), Expressen (1 still photographer, 1 reporter), IBL (1 still photographer), Stella Pictures (1 still photographer), TT Nyhetsbyrån (1 still photographer), TV4 (1 reporter)

ARD (1 reporter)

THURSDAY APRIL 28

3. Reception for authorities and organizations – The Royal Palace

Photo pool only (still photo)
Ladders NOT allowed
Checkpoint – Media to gather at 9.30, West Vault

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

FRIDAY APRIL 29

4. Reception for authorities and organizations – The Royal Palace

Photo pool only (still photo)
Ladders NOT allowed
Checkpoint – Media to gather at 9.30, West Vault

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

5. The royal artistic academies congratulate The King – The Royal Swedish Opera, Arrival of guests

Photo position (still photo, TV/web cameras, reporters)
Ladders NOT allowed
Checkpoint – Media to gather at 14.15, main entrance, the Royal Swedish Opera

Aftonbladet (3), Expressen (3), IBL (2), Stella Pictures (2), TT Nyhetsbyrån (2), TV4 (2)

Agentur Schneider Press (1), ARD (3), ddp (1), Getty Images (1), Monarchy Press (1), NRK (2), Nunn Syndication (1), Royal Press Europe (1), Royal Press Photo (1)

The royal artistic academies congratulate The King – The Golden Foyer, The Royal Swedish Opera

Photo pool, reporters
Ladders NOT allowed

Aftonbladet (1 reporter), Bild & Kultur (1), Expressen (1 reporter), IBL (1 still photographer), Stella Pictures (1 still photographer), Svensk Damtidning (1 reporter), TT Nyhetsbyrån (1 still photographer)

6. The Royal Swedish Opera and Stockholm Concert Hall will give a concert – The Nordic Museum, Arrival of guests

Media position (still photo, TV/web cameras, reporters)
Ladders allowed
Checkpoint – Media to gather at 17.45, the Nordic Museum

Aftonbladet (3), Bild & Kultur (1), Expressen (3), IBL (2), Stella Pictures (2), Svensk Damtidning (1), TT Nyhetsbyrån (2), TV4 (3)

Action Press (1), Agentur Schneider Press (1), alex&er’s Images (1), ARD (3), Billed Bladet (3), Bunte (2), ddp (1), E-press Photo (1), Getty Images (1), Hussein Royal Collection (1), Monarchy Press Europe (1), Newspix International (1), NRK (2), Nunn Syndication (1), People Picture (1), Rex Schutterstuck (1), Royal Portraits Europe (1), Royal Press Europe (1), Royal Press Photo (1), Se og Hör (2), UK Press Ltd (1)

The Royal Swedish Opera and Stockholm Concert Hall will give a concert – The Nordic Museum, Inside

Photo pool only (still photo)
Ladders NOT allowed

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

SATURDAY APRIL 30

7. Te Deum thankgsgiving service – South Vault, The Royal Palace, Arrival of the guests

Photo position: Stairwell in South Vault
Ladders NOT allowed
Dress code: Dark suit
Checkpoint A – Media to gather at 8.00, the entrance to Museum Tre Kronor

Upper level (TV/web, still photo)
Aftonbladet (1), Expressen (1), IBL (1), Stella Pictures (1), SVT Nyheter (1), SVT Året med Kungafamiljen (1), TT Nyhetsbyrån (1), TV4 (1),

Abaca (1), Action Press (1), Agentur Schneider Press (1), alex&er’s Images (1), Antena 3 (1), ARD (1), Associated Press (1), Billed Bladet (1), Broadview (1), Bunte (1), ddp (1), dpa (1), E-press Photo (1), Monarchy Press Europe (1), Newspix International (1), NRK (1), NTB Norge (1), Nunn Syndication (1), People Picture (1), Rex Shutterstuck (1), Royal Portraits Europe (1), Royal Press Europe (1), Royal Press Photo (1), Se og Hör (1), UK Press Ltd (1), XINHUA (1), YLE (1) ZDF (1)

Lower level (photo pool – still photographers only)
Aftonbladet (1), Expressen (1), Getty Images (1), IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

Te Deum thanksgiving service – The Royal Chapel

Photo pool only (still photo)
Ladders NOT allowed
Dress code: Dark suit
Checkpoint A – Media to gather at 8.00, the entrance to Museum Tre Kronor

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

A limited number of media companies will be allocated a seat for one reporter each at Te Deum thanksgiving service, by special invitation of the Swedish Royal Court.

8. The Swedish Armed Forces’ celebration – The Outer Courtyard

Media position (still photo, TV/web cameras, reporters)
Ladders allowed
Checkpoint B – Media will be let into the media positions at 10.00 on the Outer courtyard

Aftonbladet (3), Bild & Kultur (1), Expressen (3), IBL (3), KulturSthlm (1), Stella Pictures (3), Svensk Damtiding (1), Sverigs Radio (1), SVT Nyheter (3), SVT Året med Kungafamiljen (1), TT Nyhetsbyrån (3), TV4 (3)

Abaca (1), Action Press (1), Agentur Schneider Press (1), alex&er’s Images (1), Antena 3 (3), ARD (3), Associated Press (1), Billed Bladet (3), Broadview (3), Bunte (1), ddp (1), dpa (1), E-press Photo (1), Getty Images (1), HER og NÅ (1), Hussein Royal Collection (1), Iltalehti (2), Monarchy Press Europe (1), Newspix International (1), NRK (2), NTB Norge (1), Nunn Syndication (2), People Picture (1), Photomedia (1), PPE-Agency (1), Rex Shutterstuck (1), Royal Portraits Europe (1), Royal Press Europe (1), Royal Press Photo (1), Se og Hör (2), UK Press Ltd (1), XINHUA (1), YLE (1), ZDF (2)

9. Choral tribute – Lejonbacken, The Royal Palace

Photo position (still photo, TV/web)
Ladders NOT allowed
Checkpoint C – Media to gather at 11.30, outside the South Vault, on Slottsbacken

Aftonbladet (1 still photographer), Expressen (1 still photographer), IBL (1 still photographer, 1 video), Stella Pictures (1 still photographer, 1 video), SVT Året med Kungafamiljen (1), TT Nyhetsbyrån (1 still photographer, 1 video), TV4 (1)

Media that have not been given a position in the photo pool on Lejonbacken may photograph from public areas in front of the Lejonbacken terrace.

Departure of the cortège – Mynttorget

Photo position (still photo, TV/web)
Ladders NOT allowed

Aftonbladet (1 still photographer), Expressen (1 still photographer), IBL (1 still photographer, 1 video), Stella Pictures (1 still photographer, 1 video), SVT Året med Kungafamiljen (1), TT Nyhetsbyrån (1 still photographer, 1 video), TV4 (1)

Media that have not been given a position in the photo pool may photograph from public areas.

10. Lunch at City Hall – Arrival of guests

Media position (still photo, TV/web cameras, reporters)
Ladders allowed
Checkpoint D – Media to gather at 12.20 at the gates to City Hall park, Ragnar Östbergsplan 5/Norrmälarstrand. Late arrivals will not gain access to the photo position.

Aftonbladet (3), Bild & Kultur (1), Expressen (3), IBL (2), Stella Pictures (2), Svensk Damtidning (1), SVT Nyheter (3), TT Nyhetsbyrån (2), TV4 (2)

Abaca (1), Action Press (1), Agentur Schneider Press (1), alex&er’s Images (1), Antena 3 (3), ARD (3), Associated Press (1), Billed Bladet (3), Bunte (1), dpa (1), E-press Photo (1), Getty Images (1), Hussein Royal Collection (1), Iltalehti (1), Monarchy Press Europe (1), Newspix International (1), NRK (2), NTB Norge (1), Nunn Syndication (1), People Picture (1), PPE-Agency (1), Rex Shutterstuck (1), Royal Portraits Europe (1), Royal Press Europe (2), Royal Press Photo (1), UK Press Ltd (1), XINHUA (1), YLE (1), ZDF (2)

Lunch at City Hall – Blue Hall

Photo pool only (still photo)
Ladders NOT allowed
Checkpoint E – Media to gather at 12.45 at the City Hall reception, Ragnar Östbergsplan 1

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

11. Reception for the Riksdag, the Government and the county governors – The Royal Palace

Photo pool only (still photo, TV/web)
Ladders NOT allowed
Checkpoint – Media to gather at 15.00, West Vault

IBL (2), Stella Pictures (2), TT Nyhetsbyrån (2), TV4 (1)

12. Banquet – The Royal Palace, The King and Queen greets the guests

Photo pool only (still photo)
Ladders NOT allowed
Checkpoint A – Media to gather at 17.30, the entrance to Museum Tre Kronor

IBL (1), Stella Pictures (1), TT Nyhetsbyrån (1)

Banquet – The Royal Palace, Guests arrive to the Hall of State

Photo pool only (still photo, TV/web)
Ladders NOT allowed
Checkpoint A – Media to gather at 17.30, the entrance to Museum Tre Kronor

Aftonbladet (1), Expressen (1), IBL (2), Stella Pictures (2), TT Nyhetsbyrån (2), TV4 (1)

Kungafamiljen

Det Kungl. Huset utgörs av

  • Konung Carl XVI Gustaf (f. 1946)
  • Drottning Silvia (f. 1943)
  • Kronprinsessan Victoria (f. 1977)
  • Prins Daniel (f. 1973)
  • Prinsessan Estelle (f. 2012)
  • Prins Oscar (f. 2016)
  • Prins Carl Philip (f. 1979)
  • Prinsessan Sofia (f. 1984)
  • Prins Alexander (f. 2016)
  • Prinsessan Madeleine (f. 1982), gift med herr Christopher O’Neill (f. 1974)
  • Prinsessan Leonore (f. 2014)
  • Prins Nicolas (f. 2015)
  • Prinsessan Birgitta (f. 1937)

Kungl. Familjen utgörs av Kungl. Huset samt Kungens övriga systrar:

  • Prinsessan Margaretha, Fru Ambler (f. 1934)
  • Prinsessan Désirée, Friherrinna Silfverschiöld (f. 1938), gift med friherre Niclas Silfverschiöld
  • Prinsessan Christina, Fru Magnuson (f. 1943), gift med generalkonsul Tord Magnuson.I Kungl. Familjen ingår även
  • Grevinnan Marianne Bernadotte af Wisborg (f. 1924)
  • Grevinnan Gunnila Bernadotte af Wisborg (f. 1923)
  • 来源，瑞典皇家网站。
Business, China, Chinese circle

News Analysis: Chinese companies’ overseas M&A growing at normal speed

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BEIJING, April 19 (Xinhua) — The Ministry of Commerce (MOC) on Tuesday denied that Chinese companies were on a global buying spree and said the speed of their overseas mergers and acquisitions (M&A) was “appropriate and normal.”
“It is an overstatement to say Chinese companies are ‘buying out the world’ as such a claim confuses finalized deals with those that are pending approval,” said MOC spokesperson Shen Danyang at a news conference.
In the first quarter (Q1) of 2016, cross-border M&A value rose to 324 billion U.S. dollars, 14 percent higher than Q1 of 2015, while volume dropped 10 percent to 1,202 deals due to the economic slowdown in China, the potential exit from the EU by the U.K., volatile equities markets and the fall in commodities prices, according to the quarterly cross-border M&A index released by international law firm Baker & McKenzie on Tuesday.
Overseas M&A deals by Chinese companies in Q1 was 16.56 billion U.S. dollars, a far cry from the 113 billion dollars cited by some reports, Shen said.
Instead of the rumored 100 billion dollars, Shen said that the worth of overseas M&A deals by Chinese companies last year was 40.1 billion dollars, a mere 6.2 percent of the world’s total M&A market value.
Baker & McKenzie pointed out that outbound deals from China covered a number of sectors including chemicals, business services and consumer goods, revealing a desire to access advanced manufacturing techniques and technological know-how to build global brands.
The biggest deal of Q1 2016 was the takeover of Swiss agrichemical company Syngenta by state-owned ChemChina for 45.8 billion U.S. dollars, as it attempts to boost its agricultural output in light of increased food consumption by the growing middle classes.
Although Chinese companies have increased transnational acquisition in recent years, their M&A and China’s overseas investment were both in the early stages, Shen said.
According to Shen, Chinese overseas investment only accounts for 3.4 percent of the world’s total, while the figure for the United States is 24.4 percent. China trails behind other developed economies such as the United Kingdom, Germany, France and Japan.
Overseas M&A by Chinese companies create win-win results, he said, citing the acquisition of AMC Entertainment by Dalian Wanda Group in 2012. The deal helped AMC turn losses into profits the same year, and be listed on the New York Stock Exchange the subsequent year, while some 1,100 new jobs were created in the United States.
“We are seeing a shift in Chinese investment from emerging markets to developed economies, and from energy and natural resources to technology and financial services, as Chinese companies target brands, talent and other assets that help increase their competitiveness at home and abroad,” said Zhang Danian, chief representative of Baker & McKenzie’s Shanghai office.
“We expect this trend to continue for the rest of 2016, as China’s economy stabilizes and the country transforms from a low-end manufacturing-led economy to one that focuses on consumption and services,” Zhang added.
Shen proposed more government support for Chinese companies to help them with overseas M&A as they still lack experience of dealing with cultural differences and policy hurdles.  Enditem

 

 

Business, China

China’s FDI to maintain steady growth this year: Commerce Ministry

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BEIJING, April 19 (Xinhua) — Foreign direct investment (FDI) in China will likely sustain steady growth this year, the Ministry of Commerce (MOC) said Tuesday, highlighting robust inflow in western regions and acquisitions.

“It [annual FDI] may not increase very fast but will maintain the growth momentum seen last year and in the first quarter [Q1] of this year,” MOC spokesperson Shen Danyang told reporters.
FDI in western regions posted strong growth in Q1, outpacing the national total with a 42.5 percent jump year on year to reach 21.3 billion yuan (3.3 billion U.S. dollars), he said.
Great potential in the service industry and a relatively low base of comparison contributed to the surge in western regions, Shen explained.
FDI to the Chinese mainland rose 4.5 percent year on year to 224.2 billion yuan in Q1, slowing from 6.4 percent in 2015. But year-on-year growth in March was higher at 7.8 percent, official data showed.
Shen said mergers and acquisitions (M&As) were more active, playing an increasing role in FDI growth.
Investment inflow in the form of M&As rose 32.6 percent year on year in Q1 to 7.8 billion U.S. dollars. It accounted for 22.7 percent of the overall FDI, up from 17.9 percent a year earlier, according to Shen.
M&As by foreign investors remained active in China, he said, counter to a recent report by accounting firm KPMG, which claimed inbound deals fell last year.
The number of foreign-invested M&A deals rose 14.4 percent to 1,466 in 2015, with realized investment soaring 137 percent to 17.8 billion U.S. dollars, Shen noted.
The Chinese government continues to welcome foreign investment through M&As, he said.  Enditem

 

 

 

 

Business, China

Chinese central bank pumps more money into financial system

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BEIJING, April 18 (Xinhua) — The central bank pumped 162.5 billion yuan (about 25 billion U.S. dollars) into the financial system on Monday in open market operations via medium-term lending facility (MLF).

MLF is a tool introduced in 2014 to help commercial and policy banks maintain liquidity by allowing them to borrow from the central bank by using securities as collateral.
The fresh funds were injected into 18 financial institutions, according to the People’s Bank of China (PBOC).
A total of 83.5 billion yuan is for three-month MLF and 79 billion yuan is for six-month MLF, at interest rates of 2.75 percent and 2.85 percent, respectively.
The interest rates were left unchanged to “guide financial institutions to boost support for key areas and vulnerable links in the national economy,” the central bank said.
To bolster the lukewarm economy, China has adopted a more pro-growth policy stance, cutting benchmark interest rates and banks’ reserve requirement ratio (RRR) multiple times since 2014.
The country’s GDP grew 6.7 percent year on year to reach 15.9 trillion yuan in the first quarter, according to the National Bureau of Statistics (NBS).
The growth further narrowed from the previous quarter’s 6.8 percent, which was already the lowest quarterly rate since the global financial crisis.  Enditem

 

Business, China

China remains world’s largest trademark holder

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BEIJING, April 19 (Xinhua) — China remains first in the world in terms of the number of trademark applications, official data showed on Tuesday.

In 2015 alone, China received more than 2.8 million trademark applications, four times the number in 2008. China has led the world in the number of trademark applications since 2002, according to the State Administration for Industry and Commerce (SAIC).
The SAIC had received more than 19.1 million trademark applications as of March this year, and the number of valid trademarks registered in China totaled 10.7 million by the end of March.
Liu Junchen, deputy head of the SAIC, said at a press conference on Tuesday that the surge in trademarks was a result of China’s continued efforts to protect intellectual property.
However, Liu admitted that only a small proportion of Chinese brands are recognized in the international market as Chinese enterprises still rely too much on cost advantages.
Liu said that, in the future, the SAIC will continue to safeguard intellectual property, streamline registration procedures and toughen penalties for trademark infringement.  Enditem

 

Business, China, Chinese circle, Energy, Environment, Green-tech

China sets major tasks for reform in 2016

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BEIJING, April 16 (Xinhua) — China’s top economic planner has listed major tasks in propelling economic reforms this year, including reforms of state-owned enterprises (SOE), market supervision, investment, urbanization, opening up and innovation.

China will initiate mixed-ownership pilots in SOEs and push forward reforms in electricity, oil, natural gas and salt industries, said a statement issued after a two-day meeting of the National Development and Reform Commission (NDRC), held on Thursday and Friday.
The government will further cut red tape and improve market supervision, including compiling a negative list to enhance market access regulation. Market threshold of some major industries will be lowered for investors, and the current investment and financing mechanism will be improved, according to the statement.
China will implement the household registration reform to urbanize more rural migrants with a plan to help 100 million people settle in cities.
The country will continue to push forward opening up, stepping up the Belt and Road construction, promoting international production capacity cooperation, further opening service and manufacturing sectors, and establishing a negative list for foreign investment.
The government will also better its support for innovation and entrepreneurship.
Other tasks include accelerating a pricing reform in electricity, medical services and transport, and improving the way China uses natural resources and protects the environment. Enditem

Business, China, Chinese circle, News

Interview: China’s financial market undergoes big transformation, spurs economic growth: Deutsche Bank CEO

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BEIJING, April 19 (Xinhua) — China’s financial market is undergoing a tremendous transformation, which will generate more opportunities for the Chinese economy in the years to come, Deutsche Bank co-Chief Executive Officer John Cryan told Xinhua here recently.

The Frankfurt-based bank executive made his first trip to China after taking realm as Deutsche Bank’s co-CEO in July 2015, in hopes of studying the bank’s local business firsthand.
“China is a strategic market for Deutsche Bank” and there are “growth opportunities in every one of (the bank’s) key business areas here,” he said.
“When I think of China, I think of a person in their 30s running a marathon,” he said. “Since the 1980s China has made great strides toward rapid economic growth and globalization. It’s amazing what China has achieved in such a short period, and the journey is far from over.”
According to him, there is room for the further development of China’s economy, especially in the service and consumer industries. In parallel, “a strong, flexible and globally connected financial system would be able to support (China’s) economic growth in more complex ways,” he noted.
The banker thinks the Chinese government has been doing a fairly good job in managing a difficult transition process in which the old drivers of growth — infrastructure and property investment and exports — are giving way to consumption-led growth.
“With the adoption of prudent and supportive monetary and fiscal policies, the (Chinese) authorities have ensured that growth has slowed down gradually, consumer prices have been broadly stable and rising employment has been sustained,” Cryan said.
“Services have taken over from manufacturing as the main source of growth and employment, the private sector is expanding and median household income growth in China continues to rise at an enviable pace, more than 8 percent in real terms last year,” he further explained.
“I see some similarities in the Chinese transition process,” Cryan added. “First, the shift from old to new growth drivers has a geographic dimension. It is a great responsibility and hugely complicated to forge a macroeconomic policy for an increasingly heterogeneous economy,” he said.
“Second, often lost among the news about restructuring pain is the fact that China – like Deutsche Bank’s home country Germany – is making great strides in advancing technology in manufacturing and services. This will help China and Germany to forge ahead economically in the years ahead. When current expectations stabilize, companies will increase their investment and global trade will regain its momentum. This will help Europe and China,” Cryan added.
With regard to the performance of the Chinese currency renminbi, RMB or yuan, Cryan thinks the RMB has moved to the center stage in the global arena, creating many promising trade and investment opportunities.
“The ongoing stability of the RMB exchange rate against the established basket has significantly improved the credibility of the newer framework of the managed floating RMB exchange rate against a trade-weighted basket,” said the financial expert.
“More importantly, it has eased the fear of RMB devaluation and helped stabilize market expectations about the RMB exchange rate,” he added.  Enditem

 

 

Business, China, Chinese circle, Energy, Environment, Exchange, Green-tech

Daimler launches car-sharing service in China

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CHONGQING, April 15 (Xinhua) — German carmaker Daimler on Friday launched its car2go rental service in southwest China’s Chongqing Municipality, marking its entry to the Asian market.

The service, already popular in Europe and North America, allows users to access nearby for-rent cars via a mobile app, saving them the lengthy paperwork and other inconveniences of the traditional car rental business.
Sam Guo, COO of car2go China Co., Ltd., said 400 Mercedes-Benz Smart vehicles will be available for rent in the city. Users can park their cars anywhere in an area of 60 square kilometers in the city after use.
“China is our third key market after North America and Europe,” Guo said.
Rainer Becker, CEO of car2go China, said they hope car2go can alleviate the traffic congestion in many big cities. Chongqing was selected as their first step in Asia given its supportive government and the locals’ high acceptance of new ideas.
The company said it will add more cars and launch the service in more cities, if this model proves popular. Enditem