China’s central bank issues coins for Hong Kong-Zhuhai-Macao bridge

The People’s Bank of China issued 20,000 silver commemorative coins on Oct. 24 to commemorate the opening of the Hong Kong-Zhuhai-Macao bridge, the world’s longest cross-sea bridge.

The commemorative coin, which is 40 mm in diameter with a face value of 10 yuan, carries China’s national emblem, name and the year on the front and has a blueprint image of the bridge on the back.

The special coins, each containing about an ounce (30 grams) of silver, were produced in Shenzhen and distributed by the China Gold Coin Incorporation.

Giant pandas enjoy the snow in China’s northernmost enclosure

Giant pandas enjoy the snow in China’s northernmost enclosure

Snow hit Yabuli in northeastern China’s Heilongjiang province on Oct. 28, covering the Yabuli Panda House with a white blanket as deep as 20 centimeters. The two giant pandas residing in the enclosure, Youyou and Sijia, rushed out to play in the soft snow.

According to head of the panda house Yu Tengjiao, the snow changed the panda’s living environment giving them the opportunity to display more of their natural behaviors.

The Yabuli Panda House is the most northern panda enclosure in China. (Photos provided by Yabuli Panda House)

Belt and Road Global Chambers of Commerce and Associations Conference held in Beijing

The Belt and Road Global Chambers of Commerce and Associations Conference was held in Beijing on Monday, Oct 30.

Aiming to converge non-governmental resources of the Belt and Road and promote common development for chambers of commerce and associations, the conference was attended by governmental deputies, chambers presidents, heads of international organizations and scholars from over 60 countries and regions.

Under the guidance from the All-China Federation of Industry and Commerce and the Belt and Road Portal, the event was organized by People’s Daily Online and Global Times, hosted by Global Times Online and assisted by Zhejiang China Commodities City Group.

Editor-in-chief of People’s Daily Online Yu Qingchu said in his welcome speech that 2018 marks the fifth anniversary of the Belt and Road Initiative, and the initiative has turned from vision to reality, providing a new platform for promoting world peace and joint development.

Editor-in-chief of People’s Daily Online Yu Qingchu gives a welcome speech. (Photo/Huanqiu.com)

He stressed that non-governmental organizations are a vital force for economic and social development, international cooperation and global governance. The event will offer comprehensive services in interconnectivity, service integration, program docking, and brand display, by hosting various activities and taking full advantage of the media.

The Belt and Road has been a key focus point for Global Times, introduced Xie Rongbin, deputy editor-in-chief of Global Times, adding that the newspaper has made a series of reports on Belt and Road projects such as the China-Pakistan Economic Corridor, Gwadar Port, and the China-Thailand high-speed railway.

He said the Belt and Road Global Chambers of Commerce and Associations Conference is a positive exploration to gather global social organizations, and will better facilitate the integrated development of Chinese chambers of commerce and associations and those from Belt and Road countries.

Xie Rongbin, deputy editor-in-chief of Global Times gives a speech. (Photo/Huanqiu.com)

Nearly 20 summits and seminars, as well as 60 keynote speeches, high-end dialogues and roundtables will be held during the event, covering multiple areas such as the digital economy, China’s new economy, international investment and trade, and synergetic development of chambers of commerce and associations.

Chinese e-commerce companies enjoy broad prospects in overseas business

A worker transports goods in a warehouse of a Chinese e-commerce company in Moscow, Russia. (Photo/Xinhua)

China’s e-commerce transactions reached 29.2 trillion RMB in 2017 ($4.26 trillion), growing 11.7 percent year-on-year.

As e-commerce offers more convenience for Chinese consumers, Chinese e-commerce enterprises are also gaining rich experience and expanding their businesses overseas.

Statistics show that in 2017, China’s cross-border e-commerce turnover rose 80.6 percent from the previous year to 90.2 billion RMB.

“Double Eleven,” the world’s biggest online shopping festival held by Chinese e-commerce giant Alibaba, is the epitome of Chinese e-commerce going global.

Li Yang is a Chinese student studying in Australia. She told People’s Daily that the prices of some daily consumption goods were much higher than those in China when she arrived there three years ago. However, many of her Chinese friends, and even some local Australians have started using Taobao, an e-commerce platform of Alibaba.

In Russia, China’s e-commerce enterprises account for about half of the market share, and three of the top four e-commerce platforms in Southeast Asia are funded by Chinese capital.

China’s favorable policies are one of the reasons for the rapid overseas expansion of Chinese e-commerce enterprises. In as early as 2015, China’s Ministry of Commerce urged related local departments to support the foreign business of e-commerce companies based on their industrial characteristics and resource advantages.

So far, China has established an e-commerce cooperation mechanism with seven countries. Moreover, the country is actively participating in e-commerce negotiations under multilateral trading systems and regional trading frameworks such as the Asia-Pacific Economic Cooperation and the Shanghai Cooperation Organization.

Chinese e-commerce platform JD.com officially launched a global sales project last year, declaring that overseas consumers could enjoy fast delivery services on the platform. It set up four warehouses in Jakarta, Surabaya, Medan, and Pontianak, as well as a logistics company in Indonesia in which the company places high importance. By the end of last year, JD.com had also established a professional logistics team to deliver large commodities, significantly improving user experience.

In 2013, China’s Suning Group established a research center in Silicon Valley to develop technologies related to smart sales, such as artificial intelligence and big data. Its research results have been successfully applied to self-service supermarkets and customer service robots.

According to the McKinsey Global Institute, the annual consumption of Africa is expected to surpass $1.4 trillion by 2020, and the internet will have a 50 percent penetration rate by 2025. As a result, online sales in Africa are likely to hit $75 billion.

Alibaba has started a program in Africa to help local internet entrepreneurs, hoping to offer training courses on digital economy to 200 African entrepreneurs in the next five years.

“Global retail has entered a new round of technical upgrading, and global consumers have a growing demand for a more convenient and fashionable way to shop,” said Daniel Zhang, CEO of Alibaba.

In this regard, Chinese e-commerce enterprises enjoy broad prospects in overseas business, he added.

Ginkgo trees turn Temple of Earth into a sea of yellow

(People’s Daily Online/Dong Zhaorui)

Ginkgo trees are turning Beijing’s Temple of Earth into a sea of yellow as the temperature continues to fall in late autumn. With the golden leaves hanging from the branches and blowing off in the wind, the Temple of Earth looks like a fairyland.

The Temple of Earth is home to over 200 ginkgo trees, and the best time to catch the beautiful fall scene is between late October and early November each year.

Protected macaque cub saved from trafficker

(People’s Daily Online/Zhu Fubo)

A northern pig-tailed macaque cub, under first-class national protection in China, was recently saved from a trafficker by two citizens in Pu’er, southwestern China’s Yunnan province, and was later handed to local forest police.

The macaque is 21 centimeters in length and weighs only 1.1 kilograms. It was later sent to a local wildlife rescue shelter because it was not yet capable of surviving in the wild.