When China first opened to overseas investors, the country was desperate for foreign technology to revive its growth. Now, as China faces rising global barriers, its leader, Xi Jinping, is urging greater domestic innovation.
Mr. Xi delivered this message on Wednesday while making an anniversary pilgrimage to the southern city of Shenzhen, which in 1980 was established as a “special economic zone” next to the global financial hub of Hong Kong. Shenzhen quickly became an incubator for “reform and opening up,” the strategy championed by the Chinese leader Deng Xiaoping that paved the way for the country’s decades-long economic takeoff.
Forty years later, Mr. Xi said China still welcomed foreign investors, but he also said it must prepare for a less welcoming world. The coronavirus pandemic has accelerated the rise of barriers to the free flow of goods and technology, Mr. Xi said, a theme that he has stressed recently.
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WENZHOU, China–(BUSINESS WIRE)–Oct 14, 2020–
2020 World Young Scientist Summit( http://www.wyss.org.cn )will be held in Wenzhou City of Zhejiang Province in Eastern China with the aim of gathering talents from around the world to create a better future. Leading Chinese and international scientists will communicate opinions both offline and online on innovation-related topics.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201014005518/en/
Beidou Information Industry Base. (Photo: Business Wire)
With the theme of “The future of technology depends on the youth,” this year’s Summit has a vision to fuel the development of the community of shared future for mankind. A series of “cross-border integration” special activities will be held that focus on UN Sustainable Development Goals for 2030, the Belt and Road Initiative, the integrated development of
GUANGZHOU, China — Apple’s iPhone 12 range with 5G connectivity is going to be very important in China and key to achieving what analysts are calling an upgrade “supercycle.”
5G refers to next-generation mobile networks promising super-fast data speeds.
On Tuesday, Apple unveiled four new 5G-capable iPhone models. While 5G networks are in their infancy, China’s networks have been pushing quickly to expand coverage.
That has led to a surge in 5G smartphone sales, particularly from domestic players like Huawei.
Apple is now joining the party, a big move in a market that accounts for around 15% of the U.S. tech giant’s total sales.
“If we look back to (the) second quarter of the year, almost half of the smartphones shipped in China had 5G connectivity,” Will Wong, research manager at IDC, told CNBC. “Among the top 5 vendors in China, Apple was the only one without a 5G model.
Researchers found what might be the oldest known balls in Eurasia
It’s not clear how the game was played but it was likely part of exercise and military training
The ball game possibly arose around the same time as horseback riding
Researchers found what may just be the oldest ancient balls in Eurasia. The find provides evidence that ball games were already around in Europe and Asia earlier than previously thought.
In a new study, a team of German and Chinese researchers report the discovery of three ancient balls that were recovered from the graves in the prehistoric Yanghai cemetery in northeast China. They are made of leather and measure somewhere between 7.4 and 9.2 centimeters.
Radiocarbon dating of the balls reveals that they are likely from 2,900 to 3,200 years ago, making them the oldest balls in the region.
“This makes these balls about five centuries older
(Bloomberg) — Sales of electric vehicles in Europe are growing at such a pace that the continent looks increasingly likely to outpace China in the near future.
That’s one of the findings of a report released Tuesday by London-based automotive research firm Jato Dynamics. However, it found that Europe and the U.S. still have a few things to learn from China, the world’s biggest EV market, including prioritizing affordability, centralizing planning, and using data to better understand consumers.
Demand for cleaner and smarter cars is rising globally, particularly in Europe where the market has been bolstered by tighter emissions regulations along with an increasing awareness of climate change. EV sales in Europe in the first half exceeded China for the first time since 2015.
Although the coronavirus pandemic hurt all car sales, including EVs, which fell 15% globally in the second quarter, the market for electric vehicles is
The friction shows the difficulties the government faces in translating its national-security agenda into the real world, where influential industries have developed deep ties to China over many years.
Congress and the Trump administration say the measures are necessary to lessen U.S. reliance on a strategic rival that could sabotage, hack or withhold important technology. Some U.S. companies argue that the restrictions will cost tens of billions of dollars and in some cases won’t improve national security.
“We are broadly supportive of the spirit” of a law imposing new restrictions for federal contractors, Wesley Hallman, head of strategy and policy at the National Defense Industrial Association, said in an interview, adding that “some suspicion of Chinese components” is warranted.
But “if you were to apply this law very broadly in the way it is written,” he said, “just about all contractors doing work with the federal government, they would have
Owing to the increased adoption of air separation plants in chemical, healthcare and food industry, revenue is set to steer up tremendously through 2029.
DUBAI, UAE / ACCESSWIRE / October 12, 2020 / The air separation plant market expected to surpass US$ 4870.6 million by 2029 as a part of which China and India is expected to witness a positive graph for the demand and production of air separation plants market. Due to increasing demand in major industries, manufacturers are working on developing on-site customized plant systems to gain a steady growth.
“Among the others, though chemical industry will hold maximum share, it will not outsell other major industries. It will surely dominate the market and will hold a considerable share but customized side of it will help the profit rise tremendously. Manufacturers are also focussing on better utilization of resources, raw materials and decreasing labour cost to enhance revenue
China is taking its digital currency tests to a new level by giving away more than 10 million yuan ($1.5 million) in a new lottery (via CNBC). The state-run People’s Bank of China gave 50,000 randomly selected citizens a “red packet” worth 200 yuan ($30), to spend at several thousand designated retailers in Shenzhen’s Luohu district. The idea is to not only test the technology involved, but boost consumer spending in the wake of the COVID-19 pandemic.
The winners will be be required to download a digital Renminbi app in order to receive the digital money, according to state news site China Daily. After that, they’ll reportedly be able to buy goods from local pharmacies, supermarkets and even Walmart,.
China started ramping up trials with the digital yuan last April, when it ran a pilot program that reportedly included US companies like McDonald’s and Subway. Unlike decentralized cryptocurrencies
China is denying it “arbitrarily” detained two Canadian citizens in response to Canada’s arrest of an executive of technology giant Huawei
ByThe Associated Press
October 12, 2020, 10:14 AM
• 2 min read
BEIJING — China on Monday denied that two Canadian citizens held for almost two years had been “arbitrarily” detained in response to Canada’s arrest of an executive of technology giant Huawei.
Foreign ministry spokesperson Zhao Lijian’s denial came days after China granted consular access to Michael Kovrig and Michael Spavor for the first time since January. Canada’s government on Saturday issued a statement saying it remains “deeply concerned by the arbitrary detention by Chinese authorities” of the two, and called for their immediate release.
Zhao said China “firmly opposes the erroneous statements made by Canada” and reiterated its claim that Kovrig and Spavor were “suspected of engaging in activities that endanger China’s national security.”
Pinduoduo Inc. (NASDAQ: PDD) is turning out to be the second most successful e-commerce channel in China. Through its advanced and integrated business model, it has outperformed many of its competitors in a noisy and over-crowded industry. In terms of number of orders and consumers, Pinduoduo is the second largest internet giant in China, according to a detailed analysis by Turner Novak.
Pinduoduo was founded initially back in 2015 as Pinhaohuo (PHH). The initial business model of PHH was buying fruits in bulk from farmers and selling them directly to the consumers using online channel. Pinhaohuo, since a newly established entity did not have its own website or application, used the group chats platform of Tencent’s popular Wechat – often referred to as the Facebook of China. Since a huge chunk of people were using it, it proved a jump-off point for Pinhaohuo’s growth.