This article is by: China Daily
Read more about it here: China embracing blockchain technology as new frontier of innovation
An excerpt from China Daily:
China is actively embracing blockchain, an underlying technology with a wide range of applications, and sees it as the new frontier of innovation in industries ranging from finance to manufacturing and energy.
Xi Jinping, general secretary of the Communist Party of China Central Committee, highlighted blockchain last week as a core technology, urging more efforts to accelerate the development of blockchain technology and industrial innovation.
Blockchain, a digital ledger system, uses sophisticated cryptographic techniques to create a permanent, unchangeable and transparent record of exchanges to keep track of transactions.
This article is by: Business Insider
Read more about it here: China Hi-Tech Fair 2019 (CHTF2019) Concludes in Shenzhen
An excerpt from Business Insider:
"The 21st China Hi-Tech Fair (CHTF2019), themed ""Invigorating the Greater Bay Area through Opening-up and Innovation"", concluded with success in Shenzhen on November 17, 2019. The 5-day event provided a platform for exhibitions, forums, technology exchanges, and cooperations and played an active role in promoting technological innovations and enhancing innovation environment.
With an area of 142,000m2, CHTF2019 attracted a total of 3,315 exhibitors to showcase 10,216 high-tech projects in fields such as AI, smart home, intelligent manufacturing, IoT, smart driving, smart+, car networking, 5G, and blockchain.
148 delegations from 44 countries and international organizations such as Argentina, Australia, Austria, Bahrain, Japan, South Korea, the US, and the EU, as well as 33 provinces and municipalities including Beijing, Shanghai, Guangdong, Hong Kong, Macao, and Taiwan participated in the fair. 29 well-known universities showcased their hi-tech projects."
This article is by: Visual Capitalist
Read more about it here: China: An Investment Opportunity Too Big To Ignore
An excerpt from Visual Capitalist:
"Since the implementation of the initial Open Door Policy in 1978, China has experienced rapid development—making it the world’s second largest economy in nominal terms.
In the next year, the country will move into the next phase of opening up its economy by lifting restrictions on the foreign ownership of securities, insurance, and fund management firms, and this infographic from BlackRock explores the steps China’s markets have taken to attract foreign capital on a global scale."
This article is by: South China Morning Post
Read more about it here: A first-hand review of Haidilao’s ‘smart’ hotpot restaurant in Beijing
An excerpt from South China Morning Post:
"As you enter the venue, an automated cold room kept at 0 to 4 degrees Celsius is on view, where queues of robotic arms prepare and deliver raw meat and fresh vegetables according to the orders placed by patrons through an iPad at each table.
No humans are involved in the food preparation and food past its use-by date is tracked and disposed of automatically. Large displays show a live-stream of the kitchen premises, a measure to maintain customer confidence [...].
The robot-run kitchen was a project between Haidilao and Japanese electronics giant Panasonic, according to Haidilao chief information officer Shao Zhidong, who accompanied the Post team on a tour of the kitchen. We saw how the soup base, originally packaged separately and mixed in the pot by humans, is now prepared by robots who can cater to individual tastes and specific requirements with machine-like precision, each and every time. Your favourite soup base recipe and special combination of spices, various oil and key ingredients are automatically documented and uploaded into the cloud."
This article is by: China Daily
Read more about it here: 1st Purchase Intention Reached on CIIE Opening Day
An excerpt from China Daily:
"ZKH, the Chinese producer-goods supermarket, reached $100 million purchase intention with DOW and Schneider Electric at the second China International Import Expo in Shanghai on Tuesday, according to thepaper.cn.
ZKH is the new ""Six days + 365 Days"" trade and service platform by the Shanghai Municipality this year and an important carrier of the CIIE's overflow effects. DOW and Schneider Electric are long-term strategic partners with ZKH, so they have a larger exhibition area and broader exhibit categories at the CIIE this year.
Before the company reached the $100 million prospective purchase intention, its leaders had often discussed it offline. The deal will be closed during the CIIE after discussions on some details. "
This article is by: Reuters
Read more about it here: Beijing's new $63 billion mega-airport begins international flights
An excerpt from Reuters:
"Beijing’s new $63 billion Daxing airport began its first scheduled international flights on Sunday as it ramped up operations to help relieve pressure on the city’s existing Capital airport.
(...) An Air China flight to Bangkok was the first international flight to leave on Sunday, while British Airways will operate the first transcontinental flight, to London.
About 50 foreign airlines, including Finnair, plan to move all or part of their China operations to the airport in the coming quarters. "
This article is by: Asia Times
Read more about it here: Shanghai deploying biggest cruise liner in Asia
An excerpt from Asia Times:
"Shanghai will soon be competing with its archrivals Hong Kong and Singapore for the title of Asia’s largest cruise hub with the upcoming deployment of the 172,000-ton MSC Bellissima. The mammoth ship will be the largest of its kind in Asia when it casts off from the city’s Wusongkou cruise terminal next spring.
The city’s Wusongkou International Cruise Terminal, which can service three 100,000-ton ships, is already one of the larges across Asia. A total of 2,255 cruise ships have berthed there since its opening, bringing in 13.5 million travelers from across the world.
Further expansion has added two extra concourses with a gross floor area of 55,000 square meters and a 620-meter new bridge, as well as a sprawling 82,000-square-meter riverside berth to further boost Wusongkou’s capacity to six million passengers a year, more than double the number in 2018. "
This article is by: The Straits Times
Read more here: Singapore and China sign bumper number of deals at top annual bilateral summit
An excerpt from The Straight Times:
"Singapore and China have inked as many as nine agreements at their latest apex bilateral meeting, held for the first time in the south-western Chinese city of Chongqing.
The two countries signed a raft of pacts - from customs twinning to a Smart City project in Shenzhen to a youth internship exchange programme - at their 15th Joint Council for Bilateral Cooperation meeting.
The substantial number of deals - up from seven signed at last year's talks - could be seen as a sign of a new chapter in the relationship between the two countries, as Singapore transitions to a new political generation."
Below: Deputy Prime Minister Heng Swee Keat (left) and Chinese Vice-Premier Han Zheng in Chongqing, China.
This short article is by: china.org.cn
Read more about it here: Final preparations underway for second CIIE in Shanghai.
An excerpt from china.org.cn
"Companies and institutions have sped up their final preparations for the second China International Import Expo, which serves as a gateway for China to meet the outside world and vice versa.
Minister of Commerce Zhong Shan said at a news conference on Sept 29 that the CIIE is one of China's important moves to further open up to the outside world. Given the large number of companies signing up for this year's show, the exhibition area has been expanded to 360,000 square meters, from the 300,000 square meters seen in last year's program.
* Information by Handpicked
The CIIE is held from Nov 5 to 10 at the NECC: National Exhibition and Convention Center (Shanghai).
The NECC is currently the largest exhibition complex, making it one of the landmark buildings in Shanghai. Located in Qingpu District and situated near the Hongqiao transportation hub, which includes buses, metro, high-speed railway and Hongqiao airport.
Handpicked Group is attending the CIIE.
This report is by: Morgan Stanley
Read more about it here: Smaller Cities to Drive China’s Consumption Boom
An excerpt from Morgan Stanley:
The population of Shanghai, at around 24 million, nearly rivals that of Texas (27 million) and China's other large cities aren't far behind. Consumers in these urban behemoths—along with their rising per capita net worth—have naturally captured the focus of domestic and international brands.
As China develops into a higher income society, private consumption could grow from its current $4.4 trillion to $9.7 trillion by 2030, according to a recent report from Morgan Stanley Research. Many investors believe that top-tier cities, which are either provincial capitals or so-called special economic zones, will continue to dominate China's consumer economy.
However, the lower-tier cities, which include prefecture- and county-level urban enclaves and already comprise 59% of the country's GDP and 73% of its population, may be bigger engines for spending to fuel economic growth, according to Robin Xing, Morgan Stanley's Chief China Economist. “While investors perceive larger cities as offering the most important consumer base, we believe that lower-tier cities will be bigger, wealthier and more eager to spend, and could contribute two-thirds of incremental growth in national private consumption toward 2030,"" Xing says."
Your On-the-Ground People in China.
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