Herdsmen in Xinjiang transfer livestock to winter pastures

(Photo/People’s Daily Online)

In early November, as snow fell over Zhaosu of Yili region in northwest China’s Xinjiang Uygur Autonomous Region, local herdsmen have begun to move their herds toward winter pastures to spend a warmer winter.

The white snow, the massive herds, the vast grassland, and the snowy mountains make for a beautiful scene.

(Photo/People’s Daily Online)

(Photo/People’s Daily Online)

(Photo/People’s Daily Online)

(Photo/People’s Daily Online)

(Photo/People’s Daily Online)

AI robot that can do makeups exhibited at CIIE

AI robot that can do makeups exhibited at CIIE

An AI robot displayed at the L’Oréal Paris exhibition booth during the inaugural China International Import Expo (CIIE) attracted much attention from many female visitors. The robot can do a makeup for someone in 5 minutes.

The CIIE kicked off in Shanghai on Nov. 5. More than 3,000 companies from over 130 countries and regions flocked to Shanghai to participate in the event.   (Photo/Chinanews.com)

PLA Air Force issues 7 commemorative envelopes ahead of 12th Airshow China

(Photo/Xinhua)

The Chinese People’s Liberation Army (PLA) Air Force released 7 themed commemorative envelopes on Monday in Zhuhai, south China’s Guangdong province, ahead of the 12th China International Aviation and Aerospace Exhibition (Airshow China), Xinhua News Agency reported on Nov. 5.

Shen Jinke, spokesperson of the PLA Air Force, said that the commemorative envelopes fully demonstrate the fruitful achievements made by the Air Force and convey the inspiring stories of the Air Force.

China’s new-generation stealth fighter J-20 was printed on one of the envelopes. The commissioning of the aircraft is a significant step toward full combat capability of the PLA Air Force, Shen remarked.

One of the envelopes showcased the heavy military transport aircraft Y-20 independently developed by China. The aircraft aims to promote the PLA Air Force’s abilities of delivery and long-range airborne operation, Shen said, adding that combat training and drills of the aircraft Y-20 have been comprehensively carried out.

J-10 fighters of the August 1st PLA Air Force Aerobatic Team and JL-8 trainers of the Red Falcon Air Demonstration Team were also printed on the envelopes.

Shen introduced that both demonstration teams will perform acrobatic flights at the 12th Airshow China.

(Photo/Xinhua)

(Photo/Xinhua)

(Photo/Xinhua)

(Photo/Xinhua)

(Photo/Xinhua)

(Photo/Xinhua)

President Xi: China will step up efforts to widen opening-up

Chinese President Xi Jinping delivers a keynote speech at the opening ceremony of the first China International Import Expo in Shanghai, east China, Nov. 5, 2018.(Xinhua/Li Xueren)

President Xi Jinping attended the opening ceremony of the China International Import Expo in Shanghai during the morning of Nov. 5, and delivered a keynote speech. In his speech, Xi said, to widen its opening-up, China will step up efforts in the following areas:

1. Increase people’s income and spending power

To correspond to the trend of consumption upgrades, China will take more proactive measures to increase people’s income and spending power, as well as foster new growth areas of medium- and high-end consumption.

2. Lower tariffs

China will take further steps to lower tariffs, facilitate customs clearances, reduce institutional costs regarding imports, and speed up cross-border e-commerce and other new forms and modes of business.

3. The CIIE will feature continued success

CIIE, an event to be held annually, will feature good performance, good results, and continued success in the coming years.

4. Restrictions on foreign investment access continue to relax

China is taking substantial steps to expand financial opening-up, continue to advance opening-up in the service sector, deepen opening-up in agriculture, mining, manufacturing, and accelerate the opening-up process of industries including telecommunications, education, medical treatment and culture. In particular, the foreign equity caps are going to be raised in the education and medical service sectors where there are both considerable interest among foreign investors and shortage in domestic supply. China’s imported goods and services are estimated to exceed 30 trillion U.S. dollars and 10 trillion U.S. dollars, respectively, in the next 15 years.

5. Improve laws and regulations to protect foreign investment

China will push forward with the introduction of foreign investment regulations and laws, and institute an open and transparent system involving foreign related laws. It will implement a management system based on pre-establishment national treatment and negative list.

6. Protect IPR by introducing punitive compensation system

China will protect the lawful rights and interests of foreign companies and is resolute in handing out punishmen, in a law-binding manner, for violations of the lawful rights and interests of foreign investors, particularly IPR infringements. China will enhance the credibility and efficiency of IP examination and put in place a punitive compensation system to significantly raise the cost for offenders.

7. Promote construction of Hainan Free Trade Port

China will be quick to put forward policies and institutions for building a free trade port in Hainan in a step-by-step and phased manner so as to speed up exploration of the development of free trade ports with distinct Chinese features.

8. Promote multilateral free trade negotiations

China will strive for the early conclusion of the regional comprehensive economic partnership agreement, and speed up negotiations on the China-EU investment agreement and the China-Japan-ROK free trade area.

9. Earnestly implement eight major initiatives from the 2018 FOCAC Beijing Summit

China will earnestly implement the eight major initiatives announced during the 2018 Beijing Summit of the Forum on China-Africa Cooperation (FOCAC).

10. Three measures to capitalize on the important role of Shanghai and its surrounding areas in China’s Opening Up

Expand the China (Shanghai) Pilot Free Trade Zone to include a new section.

Launch a science and technology innovation board at the Shanghai Stock Exchange and experiment with a registration system for listed companies.

Support integrated development of the Yangtze River Delta Region and make it a national strategy.

Craft exhibition kicks off in Hangzhou

(Zhang Yuhuan/Chinanews.com)

China Craft Week 2018, a themed craft exhibition, kicked off on Nov. 1 in Hangzhou, east China’s Zhejiang province, chinanews.com reported Thursday.

The event aimed to facilitate cultural exchange by gathering design masters and craftsmen from around the world.

China Craft Week focused on customized products, with an exhibition area 1,200 square meters’ larger than before.

Six British brands, 16 Italian brands, 10 Irish artists, 3 independent Thai designers and 15 traditional craft enterprises in Hangzhou attended the exhibition for craftsmanship exchange.

Caroline Groves, a maker of personalized women’s shoes, showcased her exquisite work at the exhibition, attracting many visitors.

Groves explained that although her handmade high-heels are designed based on a traditional style, they are still fashionable and carry cultural connotations.

Irish artist Angela Brady displays her work. (Zhang Yuhuan/Chinanews.com)

Irish artist Angela Brady also displayed her ethnically inspired glass pieces during the event. She said that she hoped to communicate with Chinese artists about the traditional techniques of Chinese porcelain making.

Tommaso De Carlo, a 60-year-old Italian engraver, came to the event as part of his second visit to China. He said that he is glad to share opinions with artists from various countries at the exhibition.

A healthy craft climate will nurture craftsmanship, Tommaso said. Through communication, craftsmen from different countries can exchange ideas, which is also a process for self-improvement, Tommaso added.

Chinese man grows 7 centimeters thanks to parkour

(Photo/zjol.com)

A Chinese adult claims he has grown an extra 7 centimeters in college thanks to his beloved extreme sport parkour, zjol.com.cn reported Wednesday.

(Photo/zjol.com)

23-year-old Jiang Weiliao, who is an engineer, explained that while practicing the sport over his four years at college, he grew from 169 to 176 centimeters. He also became stronger because of the sport, bulking up from 47.5 kilograms to his current 65 kilograms. He said that parkour has also made him more confident.

(Photo/zjol.com)

Though injuries are part of the sport, he noted that passion is what he wants in his life.

First AI themed park opens to Beijing public

Apolong, Baidu’s driverless minibus (Photo/Chinanews.com)

With some AI functioning equipment installed, the Haidian Park located in northwest Beijing quickly became a hit among locals after opening to the public in early November, Beijing Morning Post reported on Nov. 6.

The Haidian Park was once a tranquil place near the Summer Palace, but the newly added intelligent devices recently brought life to the park.

Many people came here to tour around the park in Apolong, Baidu’s driverless minibus that runs within 10 kilometers an hour and automatically lowers speed when there are pedestrians in the front.

The bus starts service from 9:30 a.m. on the weekends, and runs twice only during working days. Those who plan to have an experience must book seats three days in advance.

Besides the self-driving bus, visitors can practice Tai-chi in the central park following instructions displayed on an AR screen. The screen can also capture the motions of visitors and rate the performance.

“I’ve heard about AR technology from the young generation, but it’s hard to imagine that elderly people like me could have such a technology experience,” said Ms. He. Her spouse shot a video for Ms. He when she practiced Tai-chi with the help of AR technology.

The park also attracts a wide attention among runners as an intelligent track was paved to record the mileage with facial recognition technology. Furthermore, visitors can be entertained by some booths in the park that are intelligent enough to talk or even sing if required.

The Haidian Park is free to the public and people can also enjoy free access to all the AI devices here.

Openness and cooperation spur new vitality of global trade

 Exterior of the CIIE venue in Shanghai. (Photo from www.ciie.org)

The First Hongqiao International Economic and Trade Forum themed “spurring new vitality of global trade and creating an open and win-win scenario” was held on the sidelines of the first China International Import Expo (CIIE) in Shanghai on November 5.

The Forum included three parallel sessions focusing on trade and opening, trade and innovation, and trade and investment respectively. More than 40 leaders of related countries and regions, representatives of businesses and academia, as well as heads of international organizations gathered at the National Exhibition and Convention Center (Shanghai) and exchanged opinions.

Openness was the trend of history. Globalization would never stop, said L’Oreal Chairman and CEO Jean-Paul Agon, adding that globalization had become a natural tendency and to reject it was like denying the existence of gravity.

Openness brings huge opportunities. China had brought opportunities to foreign enterprises by opening the world’s largest consumer market to the world, said William Ding, Chairman and CEO of Chinese internet company NetEase. A Japanese paper diaper producer had even specifically expanded its production line for its Chinese market, Ding introduced.

Openness benefits more people. “Each American household can save as much as $850 every year thanks to the cost-effective commodities imported from China,” noted Long Guoqiang, Vice-President of Development Research Center of China’s State Council.

Having more people benefited from trades required more enterprises and people from developing countries to become involved in it, Long said.

Jack Ma, chairman of China’s e-commerce giant Alibaba noted that technology would change trade pattern, and it should be used to enhance the inclusiveness of trade. For instance, the young people nowadays could buy and sell products from and to the world with just a smart phone in hand, he added.

Participating guests at the parallel session on trade and innovation agreed that all countries should seize the new opportunities brought by the Fourth Industrial Revolution, create new economic models, explore for more trade patterns and spur vitality of trade so as to build a safer, fairer and more prosperous world.

Innovation and trade are mutually reinforcing. They were intrinsically connected with each other, said Croatian Prime Minister Andrej Plenković. He introduced that a Croatian company that invented a high-performance electric supercar was planning to set up a factory worth $158 million in central China’s Hubei province with Chinese enterprises. Technology had brought people unprecedentedly closer, the Prime Minister added.

Innovation reduces cost for enterprises. Xu Lirong, Chairman of the Board at China COSCO Shipping Corporation Limited said that the overall shipping cost had been substantially lowered thanks to technological innovation.

Smart development strategies also helped the upsizing of vessels and the reduction of cost, Xu stressed, adding that a 110-seamile transportation of 1-ton cargos only cost 1 dollar nowadays.

Innovation leads to better life. TerraPower Chairman Bill Gates said that innovation was improving people’s livelihood around the world. For example, the company was jointly developing a new type of vaccine deep freezer with Chinese enterprises to solve vaccine storage problems in areas lacking access to electricity.

At the parallel session on trade and investment, guests had in-depth discussions on how to boost global trade and investment so as to add long-lasting drivers to global economic growth. They actively explored innovative solutions and proposed valuable advice to the sustainable development of global economy.

All participants of this session agreed to support multilateral trading system, build a sound environment for investment and establish an international trading platform.

“History taught us that trade openness leads to prosperity,” said Lithuanian President Dalia Grybauskaite. Therefore, Lithuania supported the multilateral trade system and the positive signal sent by China, he stressed.

“We have to build a sound economic ecosystem to boost enterprise investment, and find a balance to benefit everyone in the value chain, said Arancha Gonzalez, Executive Director of the International Trade Center (ITC).

Wang Shouwen, Vice Minister of Commerce and Deputy China International Trade Representative, remarked that transparent and fair rules, rule of law and a sound business environment were needed to promote free trade among countries. Besides, international trade platforms such as the Belt and Road Initiative and the CIIE were also necessary, he added.

Djibouti denies being ‘induced’ by Chinese firm to breach contract

By Li Ruohan

A senior Djibouti government official dismissed the accusation that the African country was “illegally induced” by a Chinese company to breach a contract with another foreign investor, stressing that Chinese investment is legitimate and helps build a foundation for its economic development.

The remarks were made by Aboubaker Omar Hadi, chairman of Djibouti Ports and Free Zones Authority, after African media reported Tuesday that the Hong Kong-based China Merchants Port Holdings Co “unlawfully procured and induced” Djibouti into breaching agreements with DP World, a Dubai company.

DP World filed a lawsuit against the Hong Kong-based company before the High Court of the Hong Kong Special Administrative Region, Eritrean media Tesfa News reported on Tuesday.

However, Hadi said “China Merchants Port is a third party that has no connection with the Djibouti authority’s decision to terminate the deal.”

The chairman said that as early as 2011, the Djibouti government had to turn to international courts to seek to terminate the deal, claiming it was a result of corruption and, therefore, invalid.

Hadi added that in 2010, Djibouti also terminated an agreement with DP World on the management of the country’s old port (PAID). All these legal actions started way before the China Merchants Port began investing in Djibouti, he stressed.

Hadi was in Shanghai for the China International Import Expo, which is expected to last from Monday to Saturday.

The Djibouti government in February terminated the 50-year concession agreement that allowed DP World control of the country’s Doraleh terminal, one of the largest employers in the African country.

The terminal was jointly owned by DP World (33.34 percent) and a Djibouti state-owned entity, PDSA (66.66 percent). In 2013, China Merchants Port Holdings bought 23.5 percent of PDSA from Djibouti and became a shareholder of the port until Djibouti announced it would nationalize the terminal in September.

Djibouti accused DP World, which operates 78 ports in more than 40 countries and regions, of deliberately underusing the facilities in favor of other terminals along the Red Sea, Financial Times reported in October.

The Dubai company insisted that the 2006 contract cannot be revoked, citing a ruling by the London Court of International Arbitration in August, which was slammed by the Djibouti government as “inconsequential.”

“The government of a sovereign state has the right to renegotiate or terminate agreements that it regards as violating national interests or development, and the Djibouti government is not the only one that has done so,” Meng Guangwen, a professor specializing in free trade zones at the Tianjin Normal University, told the Global Times.

But it has to weigh the loss, such as compensation and possible damage to national image and investor confidence, Meng noted.

Hadi regards abolishing the deal as a worthy move, as he said the contract has made the terminal half empty while turnover at the terminal increased by 32 percent after terminating the deal.

The senior Djibouti official also referred to the African media reports as part of a campaign from DP World to smear the Djibouti government and “scare away” foreign investors. “But Djibouti will resolutely protect the interests of foreign investors and they are welcome,” he said.

Hadi also dismissed talk that China is causing a “debt trap” in the country. He said that the money to pay back the loans from China will not come from the government budget or from taxpayers.”

He stressed that the loans, which are mostly spent on infrastructure and tied with projects, are helping stimulate consumption and building a foundation for the country’s economic development as it virtually changed the investment environment of the country.

“What differentiates Chinese investment from US and European ones is that the investment comes with no political attachment and aims at developing, instead of merely taking advantage of Djibouti,” Hadi told the Global Times on Tuesday night.

With projects for the loans, Djibouti has a better capability of paying back foreign loans, said Hadi, noting that the debt-to-GDP ratio in Djibouti, which stands at around 85 percent, will drop to 35 percent in the next five years.

The latest Doing Business 2019 Report released by the World Bank has named Djibouti as one of the economies with the most notable improvement, as the country jumped from 154th in 2018 to 99th in 2019 among 190 countries and regions.

Source: Global Times

A Glimpse of the CIIE Country Pavilion

A Glimpse of the CIIE Country Pavilion
(Photo/Weng Qiyu)

The first China International Import Expo (CIIE) kicked off in Shanghai on Nov. 5. 82 countries and 3 international organizations have set up 71 exhibition booths at the Country Pavilion for Trade & Investment section which covers a total area of 30,000 square meters.

China has granted the status of “Guest of Honor” to 12 countries including the United Kingdom, Indonesia, Vietnam, Pakistan, South Africa, Egypt, Russia, Hungary, Germany, Canada, Brazil, and Mexico.

A Glimpse of the CIIE Country Pavilion
(Photo/Weng Qiyu)
A Glimpse of the CIIE Country Pavilion
(Photo/Weng Qiyu)