Category Archives: Business

business news from China, Sweden and the world.

China to promote energy price reform

06/02/2015 北欧绿色邮报网 Leave a comment

China to promote energy price reform

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

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

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

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

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, News, World News

Direct air route between Milan and Shanghai inaugurated

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Direct air route between Milan and Shanghai inaugurated

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

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

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

Xinhua Source

Editor Xuefei Chen Axelsson

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New direct Beijing-Budapest air route opens

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New direct Beijing-Budapest air route opens

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

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

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

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

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

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

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

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, Green-tech, News

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

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

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

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

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

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

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, Green-tech, News

3D printer making Chinese space suit parts

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3D printer making Chinese space suit parts

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, News, World News

Fastest cargo train linking China, Europe to add station

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Fastest cargo train linking China, Europe to add station

Stockholm, June 2(Greenpost) — A cargo train route that links southwest China’s Chengdu city with the Polish city of Lodz will add a new station in western Europe, it was announced Wednesday.

The candidate countries include France, Belgium, Germany and the Netherlands, according to Chengdu officials who attended the third Asia-Europe Meeting (ASEM) in Riga, Latvia.

The 9,826-kilometer Chengdu-Lodz line, upon which travels the fastest freight train on the Eurasian continent, leaves China at the Alataw Pass in northwestern Xinjiang before passing through Kazakhstan, Russia and Belarus on its way to Poland. From Lodz, cargo can reach any country in Europe within three days by rail or land.

As of April, the line has transported over 20,000 tonnes of cargo from China worth more than 600 million U.S. dollars since it was opened in 2013.

Another regular cargo train linking northeast China’s Heilongjiang Province to central Russia was launched in February.

A number of mainland cities — including Chongqing in southwest China; Wuhan, Zhengzhou and Changsha in central China; and Shenyang in northeast China — have rail freight services to Europe. Enditem Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, News, World News

China pledges deeper int’l industrial cooperation

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China pledges deeper int’l industrial cooperation

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

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

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

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

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

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

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

Source Xinhua

Editor Xuefei Chen Axelsson

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China Exclusive: China ranks top in iOS downloads

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China Exclusive: China ranks top in iOS downloads

Stockholm, June 2(Greenpost)– iOS quarterly downloads grew 30 percent between Q1 2014 and Q1 2015, meaning China surpassed the U.S. and is now the world leader in iOS downloads, according to App Annie, a mobile analytics company headquartered in San Francisco.

Danielle Levitas, senior vice president of App Annie, revealed the news at the Global Mobile Internet Conference (GMIC) in Beijing on Wednesday.

Download growth translates into iOS App Store revenue gains. From Q1 2014 to Q1 2015, revenue in China grew 90 percent compared to 30 percent in the U.S. and 50 percent in Japan. “China grew more quickly to narrow that gap,” she said.

Earlier this week, Apple released its earnings report, announcing that international sales accounted for 69 percent of the revenue for the quarter, reflecting the high demand in emerging markets such as China for Apple products.

According to Levitas, Apple has dramatically expanded distribution in China. As of April 25, China has 19 Apple Stores across 10 cities, up from just 8 in only Beijing and Shanghai in October 2013.

China boasts the world’s most Internet and cell phone users. There were 649 million Internet users by the end of 2014, and some 557 million used cell phones to go online, official data showed.

“China, a mobile-first country, has seen smartphone exceed PC adoption,” Levitas added, “Chinese consumers want large-screen smartphones with longer battery life.”

Though app stores as a whole are marching forward, contrasts lie in different markets. Levitas highlighted that Android’s Google Play led the Apple’s iOS App Store in app downloads by nearly 70 percent in Q1 2015, while iOS maintained a strong monetization lead, generating close to 70 percent more revenue than Google Play in the same period.

“Emerging markets like Mexico, Turkey, Brazil, and Indonesia were the primary drive of Google Play’s growth,” she explained.

She also predicted that strong growth would continue across emerging markets, especially as Andriod phones below 200 U.S. dollars expand opportunity beyond mature markets.

In terms of categories, games dominated, followed by lifestyle and photo & video, while education is closing in. Education app downloads grew 25 percent on downloads and 35 percent on revenue between Q1 2014 and Q1 2015, according to Levitas.

In Q1 2015, education saw the second highest absolute revenue gain over Q4 2014, after games, ranking among the top five Google Play categories by quarterly revenue.

“It was boosted from language learning apps like Duolingo and Babbel, brain training apps like Lumosity, and MOOC platforms like iTunes U and TED,” she noted. Enditem

Source Xinhua

Editor Xuefei Chen Axelsson