China Economy Forum
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Fukuoka
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China International Defence Electronics Exhibition (CIDEX) is the only defence electronics show sponsored by Chinese military authorities and a global platform for trade dedicated to this field. Based upon local market, CIDEX is a fast track to explore the industry trends in the other parts of the world, especially in Asia.
CIDEX 2014 - Asia's leading event for defense, security and emergency industry - China
the following are not tops of China:
JYL-1A型远程三坐标警戒雷达
JYL-11B型高机动低空三坐标警戒雷达
JYL-11B型高机动低空三坐标警戒雷达
JY-50外辐射源雷达
JY-50外辐射源雷达
JY-27A对空警戒引导雷达
CEW035A超短波侦察干扰站
JYL-1雷达模型
LR63雷达模型
CIDEX 2014 - Asia's leading event for defense, security and emergency industry - China
the following are not tops of China:
JYL-1A型远程三坐标警戒雷达
JYL-11B型高机动低空三坐标警戒雷达
JYL-11B型高机动低空三坐标警戒雷达
JY-50外辐射源雷达
JY-50外辐射源雷达
JY-27A对空警戒引导雷达
CEW035A超短波侦察干扰站
JYL-1雷达模型
LR63雷达模型
cirr
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Huawei Empowers China's Next Generation 30,000-ton Heavy-Haul Railway Transportation with the Latest GSM-R Solutions
- Enabling Over 50% Increase In China Railway Hauling Capacity
SHANGHAI, May 5, 2014 /PRNewswire/ -- Huawei, a leading global information and communications technology (ICT) solutions provider, announced that its latest GSM-R solution has supported China's Da-Qin Railway Line with a successful 30,000-ton heavy-duty traction test, which increased China's railway hauling capacity by over 50%, enabling China to be one of the few countries in the world to conduct transportation of 30,000-ton heavy-haul trains in existing railway systems.
"For a 3,971-meter long, 320-wagon 30,000-ton heavy-haul train to pass the traction test successfully in April, that is a key milestone to the development of China's heavy-haul railway transportation," said Mr. Xu Zhiyu, General Manager of Huawei Enterprise Wireless Product Line. "As the main artery of China's coal transportation network, the revamp of the wireless communication technologies along the Da-Qin Railway Line poses a challenge for railway operators to address the growing demand for heavy-haul railway transportation and efficient long-distance wireless communication in China. To address the evolution of transportation industry, it is crucial for railway operators to ensure safety and railway hauling capacity at the same time. With extensive experience and insights in wireless communication technology and railway industry, Huawei has been providing the global railway industry with customized, reliable communications solutions, where our GSM-R solution ensures railway systems with advanced, secure, and reliable communications infrastructure, to allow railway operators to save costs and achieve sustained profitability."
Da-Qin Railway Line, spanning a total of 653 km across northeastern China, is one of the key railway lines in China, which transports around 400 million tons or nearly one-fifth of the nation's coal per year. It is also the first China railway line to integrate a GSM-R communications system. Huawei has been working closely with Da-Qin Railway Line since 2005, and had since undertaken the construction of a GSM-R wireless network for the line, ensuring multi-locomotive synchronous control and unblocked radio links from departure to destination across the railway line.
During the deployment of the GSM-R solution on Da-Qin Railway Line, Huawei had replaced the line's repeaters with the latest DBS3900 base stations. With the deployment of the DBS3900 base stations, Da-Qin Railway Line is able to solve issues caused by repeaters, including short service life, poor immunity to interference, and network performance deterioration due to aging device. In addition, Huawei specially developed and implemented a RRU multi-site cell technology for the railway line, incorporating the remote radio unit (RRU) in different physical sites through the control of the baseband unit (BBU), overcoming frequent network handovers and weak coverage under a high-speed environment. The RRU multi-site cell technology significantly reduces the number of network handovers and improves network handover success rates, especially in tunnels, while going full-speed. This ensures the stability and security of data services in multiple locomotive operation and control for long heavy-haul trains, and effectively alleviates the shortage of frequency resources for railway communications.
To enhance reliability and convenience of maintenance of the entire network by Da-Qin Railway Network, Huawei customized a hot-back solution which combines the geo-redundancy solution in wireless network with the improved geo-redundancy backup solution for soft switching in the core network. Upon adoption of this solution, the mean time between failures (MTBF) is significantly increased, preventing network failures due to faults in any node or device. The Huawei Base Station Controller (BSC) node redundancy solution in Huawei's GSM-R solution resolves problems of existing solutions in the industry, including slow device start-up, data switchover, and insufficient effective surveillance and maintenance methods. To enable quick and automatic switchovers between active and standby BSCs, As for Huawei's BSC duo-redundancy solution enhances further stability of the system in carrying upper-layer services. To address the need for Da-Qin Railway Line to achieve synchronous control and high standards of safety and reliability, Huawei implements a redundancy backup solution to ensure smooth running of wireless networks. As a result, the GSM-R network in the Da-Qin Railway Line is able to achieve full E2E redundancy backup in the core network, BSC, and Base Transceiver Station (BTS). This greatly improves network reliability and ensures efficient and smooth operation of the Da-Qin Railway Line.
To address the evolution of railway transportation technologies, Huawei has been working closely with railway operators around the world to develop and implement GSM-R railway networks. By the first quarter of 2014, Huawei GSM-R solutions covered 24,000 km of railway lines globally. In 2013, Huawei achieved a 75% share of new contracts in the global GSM-R market. Moving forward, Huawei will continue to provide high-quality customer-centric GSM-R products, solutions and services for customers in the railway industry, contributing to the modernization and digitalization of modern railway communication networks.
About Huawei
Huawei is a leading global information and communications technology (ICT) solutions provider. Through the dedication to customer-centric innovation and strong partnerships, Huawei has established end-to-end advantages in telecom networks, devices and cloud computing. Huawei is committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Its products and solutions have been deployed in over 170 countries, serving more than one third of the world's population.
For more information, visit Huawei Enterprise Online: enterprise.huawei.com
Media Contact
- Enabling Over 50% Increase In China Railway Hauling Capacity
SHANGHAI, May 5, 2014 /PRNewswire/ -- Huawei, a leading global information and communications technology (ICT) solutions provider, announced that its latest GSM-R solution has supported China's Da-Qin Railway Line with a successful 30,000-ton heavy-duty traction test, which increased China's railway hauling capacity by over 50%, enabling China to be one of the few countries in the world to conduct transportation of 30,000-ton heavy-haul trains in existing railway systems.
"For a 3,971-meter long, 320-wagon 30,000-ton heavy-haul train to pass the traction test successfully in April, that is a key milestone to the development of China's heavy-haul railway transportation," said Mr. Xu Zhiyu, General Manager of Huawei Enterprise Wireless Product Line. "As the main artery of China's coal transportation network, the revamp of the wireless communication technologies along the Da-Qin Railway Line poses a challenge for railway operators to address the growing demand for heavy-haul railway transportation and efficient long-distance wireless communication in China. To address the evolution of transportation industry, it is crucial for railway operators to ensure safety and railway hauling capacity at the same time. With extensive experience and insights in wireless communication technology and railway industry, Huawei has been providing the global railway industry with customized, reliable communications solutions, where our GSM-R solution ensures railway systems with advanced, secure, and reliable communications infrastructure, to allow railway operators to save costs and achieve sustained profitability."
Da-Qin Railway Line, spanning a total of 653 km across northeastern China, is one of the key railway lines in China, which transports around 400 million tons or nearly one-fifth of the nation's coal per year. It is also the first China railway line to integrate a GSM-R communications system. Huawei has been working closely with Da-Qin Railway Line since 2005, and had since undertaken the construction of a GSM-R wireless network for the line, ensuring multi-locomotive synchronous control and unblocked radio links from departure to destination across the railway line.
During the deployment of the GSM-R solution on Da-Qin Railway Line, Huawei had replaced the line's repeaters with the latest DBS3900 base stations. With the deployment of the DBS3900 base stations, Da-Qin Railway Line is able to solve issues caused by repeaters, including short service life, poor immunity to interference, and network performance deterioration due to aging device. In addition, Huawei specially developed and implemented a RRU multi-site cell technology for the railway line, incorporating the remote radio unit (RRU) in different physical sites through the control of the baseband unit (BBU), overcoming frequent network handovers and weak coverage under a high-speed environment. The RRU multi-site cell technology significantly reduces the number of network handovers and improves network handover success rates, especially in tunnels, while going full-speed. This ensures the stability and security of data services in multiple locomotive operation and control for long heavy-haul trains, and effectively alleviates the shortage of frequency resources for railway communications.
To enhance reliability and convenience of maintenance of the entire network by Da-Qin Railway Network, Huawei customized a hot-back solution which combines the geo-redundancy solution in wireless network with the improved geo-redundancy backup solution for soft switching in the core network. Upon adoption of this solution, the mean time between failures (MTBF) is significantly increased, preventing network failures due to faults in any node or device. The Huawei Base Station Controller (BSC) node redundancy solution in Huawei's GSM-R solution resolves problems of existing solutions in the industry, including slow device start-up, data switchover, and insufficient effective surveillance and maintenance methods. To enable quick and automatic switchovers between active and standby BSCs, As for Huawei's BSC duo-redundancy solution enhances further stability of the system in carrying upper-layer services. To address the need for Da-Qin Railway Line to achieve synchronous control and high standards of safety and reliability, Huawei implements a redundancy backup solution to ensure smooth running of wireless networks. As a result, the GSM-R network in the Da-Qin Railway Line is able to achieve full E2E redundancy backup in the core network, BSC, and Base Transceiver Station (BTS). This greatly improves network reliability and ensures efficient and smooth operation of the Da-Qin Railway Line.
To address the evolution of railway transportation technologies, Huawei has been working closely with railway operators around the world to develop and implement GSM-R railway networks. By the first quarter of 2014, Huawei GSM-R solutions covered 24,000 km of railway lines globally. In 2013, Huawei achieved a 75% share of new contracts in the global GSM-R market. Moving forward, Huawei will continue to provide high-quality customer-centric GSM-R products, solutions and services for customers in the railway industry, contributing to the modernization and digitalization of modern railway communication networks.
About Huawei
Huawei is a leading global information and communications technology (ICT) solutions provider. Through the dedication to customer-centric innovation and strong partnerships, Huawei has established end-to-end advantages in telecom networks, devices and cloud computing. Huawei is committed to creating maximum value for telecom operators, enterprises and consumers by providing competitive solutions and services. Its products and solutions have been deployed in over 170 countries, serving more than one third of the world's population.
For more information, visit Huawei Enterprise Online: enterprise.huawei.com
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TaiShang
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China should adapt to new norm of growth: Xi
Editor: zhenglimin 丨Xinhua
ZHENGZHOU, May 10 (Xinhua) -- Chinese President Xi Jinping said Saturday that the country should adapt to new norm for its economic growth and be cool-minded amid slowdown in the world's second-largest economy.
Chinese President Xi Jinping (L front), also general secretary of the
Communist Party of China (CPC) Central Committee and chairman of the
Central Military Commission, talks with staff members of Zhengzhou-Europe
International Block Train at Zhengzhou International Land Port in Zhengzhou,
capital of central China's Henan Province, May 10, 2014. Xi made an
inspection tour in Henan from May 9 to 10. (Xinhua/Zhang Duo)
Xi made the remark during his inspection tour to central China's Henan Province from Friday to Saturday.
"China is still in a significant period of strategic opportunity. We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," Xi said.
The country's economy has gradually slowed since the international financial crisis in 2008. Its economy expanded by 7.7 percent in both 2012 and 2013, the slowest pace since 1999.
However, China should also attach great significance to preventing diversified risks for its economy and take timely countermeasures to reduce potential negative effects, Xi said.
"The basic conditions for sustaining the country's growth have not changed, so we should stick to the fundamental principle of seeking progresses while maintaining stability in economic work," he said.
The government must continue to coordinate the relations of stabilizing growth, promoting reforms, adjusting structure, improving people's livelihood and preventing risks so as to ensure sound economic growth and social stability, according to Xi.
Xi's words are in line with recent message from some other senior officials concerning the direction of China's economic policies.
Chinese President Xi Jinping (4th L) inspects the growth of wheat
in Zhangshi Township of Weishi County, central China's Henan Province,
May 9, 2014. Xi made an inspection tour in Henan from
May 9 to 10. (Xinhua/Zhang Duo)
Premier Li Keqiang said at a forum in Hainan Province last month that China will not resort to strong short-term stimulus policies just because of temporary economic fluctuations, but rather pay more attention to sound development in the medium and long run.
China will seek growth impetus from deepening reforms, adjusting economic structure and improving people's livelihood, the premier said.
On Saturday, China's central bank governor Zhou Xiaochuan reaffirmed the stance at a conference in Beijing, saying that macroeconomic policies should be stable and no massive stimulus should be taken at present.
Zhou urged for more accurate judgment about the present economic situation, arguing that short-term economic figures may not be sufficient to help come to conclusions.
China's economic growth slowed to a six-quarter low of 7.4 percent in the first quarter of the year, down from a growth of 7.7 percent in the final quarter of 2013.
In spite of the slowdown, the pace was within a reasonable range, as the government has set the annual growth target for this year at about 7.5 percent.
During the two-day inspection, Xi visited rural areas, companies and the inland port in Zhengzhou, one of the terminals for a railway connecting the city with Europe to facilitate cargo transportation.
He stressed the significance of agriculture after inspecting a pilot area for high-standard grain production in the city of Kaifeng, saying that grain safety and the work of agriculture, farmers and rural areas are important foundation for all other government work.
Xi lauded the independent innovation at the China Railway Engineering Equipment Group Co., Ltd. after visiting an assembly plant of the company.
Chinese President Xi Jinping (L front) talks with a worker in an assembly
shop of tunnel boring machine at China Railway Engineering
Equipment Group CO., LTD in Zhengzhou, capital of central
China's Henan Province, May 10, 2014. Xi made an inspection
tour in Henan from May 9 to 10. (Xinhua/Ju Peng)
"Equipment manufacturing is the backbone of a country's manufacturing industry, but weakness still exists in many aspects of China's equipment manufacturing," Xi said.
China needs to boost investment, enhance research and development efforts to accelerate the development of the sector and gain a say in terms of advanced technology in the world, he said.
Through innovation and technological development, the country should push for the transformation from "Made in China" to "Created in China," from "China speed" to "China quality" and from "Chinese products" to "Chinese brands," according to Xi.
Chinese President Xi Jinping (2nd R) talks with representatives
of local cadres and villagers in Zhangshi Township of Weishi County,
central China's Henan Province, May 9, 2014. Xi made an inspection tour
in Henan from May 9 to 10. (Xinhua/Zhang Duo)
Editor: zhenglimin 丨Xinhua
ZHENGZHOU, May 10 (Xinhua) -- Chinese President Xi Jinping said Saturday that the country should adapt to new norm for its economic growth and be cool-minded amid slowdown in the world's second-largest economy.
Chinese President Xi Jinping (L front), also general secretary of the
Communist Party of China (CPC) Central Committee and chairman of the
Central Military Commission, talks with staff members of Zhengzhou-Europe
International Block Train at Zhengzhou International Land Port in Zhengzhou,
capital of central China's Henan Province, May 10, 2014. Xi made an
inspection tour in Henan from May 9 to 10. (Xinhua/Zhang Duo)
Xi made the remark during his inspection tour to central China's Henan Province from Friday to Saturday.
"China is still in a significant period of strategic opportunity. We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," Xi said.
The country's economy has gradually slowed since the international financial crisis in 2008. Its economy expanded by 7.7 percent in both 2012 and 2013, the slowest pace since 1999.
However, China should also attach great significance to preventing diversified risks for its economy and take timely countermeasures to reduce potential negative effects, Xi said.
"The basic conditions for sustaining the country's growth have not changed, so we should stick to the fundamental principle of seeking progresses while maintaining stability in economic work," he said.
The government must continue to coordinate the relations of stabilizing growth, promoting reforms, adjusting structure, improving people's livelihood and preventing risks so as to ensure sound economic growth and social stability, according to Xi.
Xi's words are in line with recent message from some other senior officials concerning the direction of China's economic policies.
Chinese President Xi Jinping (4th L) inspects the growth of wheat
in Zhangshi Township of Weishi County, central China's Henan Province,
May 9, 2014. Xi made an inspection tour in Henan from
May 9 to 10. (Xinhua/Zhang Duo)
Premier Li Keqiang said at a forum in Hainan Province last month that China will not resort to strong short-term stimulus policies just because of temporary economic fluctuations, but rather pay more attention to sound development in the medium and long run.
China will seek growth impetus from deepening reforms, adjusting economic structure and improving people's livelihood, the premier said.
On Saturday, China's central bank governor Zhou Xiaochuan reaffirmed the stance at a conference in Beijing, saying that macroeconomic policies should be stable and no massive stimulus should be taken at present.
Zhou urged for more accurate judgment about the present economic situation, arguing that short-term economic figures may not be sufficient to help come to conclusions.
China's economic growth slowed to a six-quarter low of 7.4 percent in the first quarter of the year, down from a growth of 7.7 percent in the final quarter of 2013.
In spite of the slowdown, the pace was within a reasonable range, as the government has set the annual growth target for this year at about 7.5 percent.
During the two-day inspection, Xi visited rural areas, companies and the inland port in Zhengzhou, one of the terminals for a railway connecting the city with Europe to facilitate cargo transportation.
He stressed the significance of agriculture after inspecting a pilot area for high-standard grain production in the city of Kaifeng, saying that grain safety and the work of agriculture, farmers and rural areas are important foundation for all other government work.
Xi lauded the independent innovation at the China Railway Engineering Equipment Group Co., Ltd. after visiting an assembly plant of the company.
Chinese President Xi Jinping (L front) talks with a worker in an assembly
shop of tunnel boring machine at China Railway Engineering
Equipment Group CO., LTD in Zhengzhou, capital of central
China's Henan Province, May 10, 2014. Xi made an inspection
tour in Henan from May 9 to 10. (Xinhua/Ju Peng)
"Equipment manufacturing is the backbone of a country's manufacturing industry, but weakness still exists in many aspects of China's equipment manufacturing," Xi said.
China needs to boost investment, enhance research and development efforts to accelerate the development of the sector and gain a say in terms of advanced technology in the world, he said.
Through innovation and technological development, the country should push for the transformation from "Made in China" to "Created in China," from "China speed" to "China quality" and from "Chinese products" to "Chinese brands," according to Xi.
Chinese President Xi Jinping (2nd R) talks with representatives
of local cadres and villagers in Zhangshi Township of Weishi County,
central China's Henan Province, May 9, 2014. Xi made an inspection tour
in Henan from May 9 to 10. (Xinhua/Zhang Duo)
China should adapt to new norm of growth: Xi
Editor: zhenglimin 丨Xinhua
ZHENGZHOU, May 10 (Xinhua) -- Chinese President Xi Jinping said Saturday that the country should adapt to new norm for its economic growth and be cool-minded amid slowdown in the world's second-largest economy.
Chinese President Xi Jinping (L front), also general secretary of the
Communist Party of China (CPC) Central Committee and chairman of the
Central Military Commission, talks with staff members of Zhengzhou-Europe
International Block Train at Zhengzhou International Land Port in Zhengzhou,
capital of central China's Henan Province, May 10, 2014. Xi made an
inspection tour in Henan from May 9 to 10. (Xinhua/Zhang Duo)
Xi made the remark during his inspection tour to central China's Henan Province from Friday to Saturday.
"China is still in a significant period of strategic opportunity. We must boost our confidence, adapt to the new normal condition based on the characteristics of China's economic growth in the current phase and stay cool-minded," Xi said.
The country's economy has gradually slowed since the international financial crisis in 2008. Its economy expanded by 7.7 percent in both 2012 and 2013, the slowest pace since 1999.
However, China should also attach great significance to preventing diversified risks for its economy and take timely countermeasures to reduce potential negative effects, Xi said.
"The basic conditions for sustaining the country's growth have not changed, so we should stick to the fundamental principle of seeking progresses while maintaining stability in economic work," he said.
The government must continue to coordinate the relations of stabilizing growth, promoting reforms, adjusting structure, improving people's livelihood and preventing risks so as to ensure sound economic growth and social stability, according to Xi.
Xi's words are in line with recent message from some other senior officials concerning the direction of China's economic policies.
Chinese President Xi Jinping (4th L) inspects the growth of wheat
in Zhangshi Township of Weishi County, central China's Henan Province,
May 9, 2014. Xi made an inspection tour in Henan from
May 9 to 10. (Xinhua/Zhang Duo)
Premier Li Keqiang said at a forum in Hainan Province last month that China will not resort to strong short-term stimulus policies just because of temporary economic fluctuations, but rather pay more attention to sound development in the medium and long run.
China will seek growth impetus from deepening reforms, adjusting economic structure and improving people's livelihood, the premier said.
On Saturday, China's central bank governor Zhou Xiaochuan reaffirmed the stance at a conference in Beijing, saying that macroeconomic policies should be stable and no massive stimulus should be taken at present.
Zhou urged for more accurate judgment about the present economic situation, arguing that short-term economic figures may not be sufficient to help come to conclusions.
China's economic growth slowed to a six-quarter low of 7.4 percent in the first quarter of the year, down from a growth of 7.7 percent in the final quarter of 2013.
In spite of the slowdown, the pace was within a reasonable range, as the government has set the annual growth target for this year at about 7.5 percent.
During the two-day inspection, Xi visited rural areas, companies and the inland port in Zhengzhou, one of the terminals for a railway connecting the city with Europe to facilitate cargo transportation.
He stressed the significance of agriculture after inspecting a pilot area for high-standard grain production in the city of Kaifeng, saying that grain safety and the work of agriculture, farmers and rural areas are important foundation for all other government work.
Xi lauded the independent innovation at the China Railway Engineering Equipment Group Co., Ltd. after visiting an assembly plant of the company.
Chinese President Xi Jinping (L front) talks with a worker in an assembly
shop of tunnel boring machine at China Railway Engineering
Equipment Group CO., LTD in Zhengzhou, capital of central
China's Henan Province, May 10, 2014. Xi made an inspection
tour in Henan from May 9 to 10. (Xinhua/Ju Peng)
"Equipment manufacturing is the backbone of a country's manufacturing industry, but weakness still exists in many aspects of China's equipment manufacturing," Xi said.
China needs to boost investment, enhance research and development efforts to accelerate the development of the sector and gain a say in terms of advanced technology in the world, he said.
Through innovation and technological development, the country should push for the transformation from "Made in China" to "Created in China," from "China speed" to "China quality" and from "Chinese products" to "Chinese brands," according to Xi.
Chinese President Xi Jinping (2nd R) talks with representatives
of local cadres and villagers in Zhangshi Township of Weishi County,
central China's Henan Province, May 9, 2014. Xi made an inspection tour
in Henan from May 9 to 10. (Xinhua/Zhang Duo)
In other words, Xi is saying no need to use quantitative easing for short term unstable fluctuations and should be more self reliant by building a stronger domestic demand and fuel growth through internal consumption. At the same time, continue the manufacturing growth and adjusting and tinker where required to get the best results.
TaiShang
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Small and medium enterprises likely to experience better capital flows
Reporter: Laura Luo 丨 CCTV.com
China has issued new capital regulations in an attempt to realize more efficient capital allocation. The new regulations aim to establish a multi-layered capital market with better transparency by 2020.
Activating capital flow and equity transactions for small-and-medium-size enterprises is the next key factor that will boost the performance of China’s capital markets.
The new wide-ranging capital regulations are aimed at streamlining the approval process for initial public offerings (IPOs), and encouraging market-based mergers and acquisitions. The regulations also will speed up the development of an equity transfer system for SMEs throughout China in a bid to create a more flexible trading plan.
"This will need local government to build a series of after-trading services such as listing, registration, custodian, payment and clearance. All these can be achieved by setting up a local service platform," said Zhao Xijun from the School of Finance at Renmin University of China.
The government will also continue to build and improve the private equity issuance mechanism.
"The new policy emphasizes development of private equity funds, and sets up a complete PE scheme to get it included into supervision," said Yang Delong, chief strategic analyst for Nan Fang Fund. "It will also promote more varieties of PE products.
"The government has put a lot of importance on the PE market. That shows its hope to create a more diversified investment market."
The new rules would also create a system for the direct issuance of bonds by local governments.
Reporter: Laura Luo 丨 CCTV.com
China has issued new capital regulations in an attempt to realize more efficient capital allocation. The new regulations aim to establish a multi-layered capital market with better transparency by 2020.
Activating capital flow and equity transactions for small-and-medium-size enterprises is the next key factor that will boost the performance of China’s capital markets.
The new wide-ranging capital regulations are aimed at streamlining the approval process for initial public offerings (IPOs), and encouraging market-based mergers and acquisitions. The regulations also will speed up the development of an equity transfer system for SMEs throughout China in a bid to create a more flexible trading plan.
"This will need local government to build a series of after-trading services such as listing, registration, custodian, payment and clearance. All these can be achieved by setting up a local service platform," said Zhao Xijun from the School of Finance at Renmin University of China.
The government will also continue to build and improve the private equity issuance mechanism.
"The new policy emphasizes development of private equity funds, and sets up a complete PE scheme to get it included into supervision," said Yang Delong, chief strategic analyst for Nan Fang Fund. "It will also promote more varieties of PE products.
"The government has put a lot of importance on the PE market. That shows its hope to create a more diversified investment market."
The new rules would also create a system for the direct issuance of bonds by local governments.
TaiShang
ELITE MEMBER
- Joined
- Apr 30, 2014
- Messages
- 27,848
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- 70
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Finally 
Historic 30-yr gas deal with China set to be signed next week
A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia’s Deputy Energy Minister Anatoly Yanovsky has said. All that’s needed are the two countries’ signatures, he added.
"We hope that the negotiations will be completed as scheduled," Reuters quoted Yanovsky as saying.
Russian President Vladimir Putin is due in the Chinese capital next week where the nations are widely expected to sign the deal. The contract’s been in the making for the last 10 years and in March 2013 resulted in signing of a delivery memorandum between Russia’s Gazprom and China’s CNPC. The terms of the pipeline delivery contract outline Russia’s intention to supply China with 38 billion cubic meters of gas per annum for 30 years, starting in 2018.
Yanovsky said that energy projects, such as oil or gas pipelines, are still new to the Russia-China relationship and that’s why they need a very careful and balanced research and approach.
“Talks regarding the development of the Far East and Siberia in terms of sales of raw materials eastward have never been held before. However, now our dialogue includes issues such as mining and the transportation of hydrocarbons,” Yanovksy said.
At the beginning of 2013, the CEO of Russia’s energy giant Gazprom, Aleksey Miller, said that the figure of 38 billion cubic meters of gas per year could rise to 60 bcm over the duration of the contract. The price of Russian gas for China is yet to be announced. However an April 10 article in Russia’s business daily Vedomosti suggested the sides are negotiating within the range of $360-$400 per 1,000 cubic meters.
China is Russia’s biggest trading partner outside the EU. Both countries expect bilateral trade to reach $100 billion by 2015 and $200 billion by 2020. The energy sector is arguably the most attractive at this stage as China attempts to close coal-fired power stations and raise natural gas consumption by 11 percent this year, according to a CNPC Economics and Technology Research Institute report.
Historic 30-yr gas deal with China set to be signed next week
A historic, long-term deal for the delivery of Russian gas to China that has been 10 years in the making is 98 percent ready, Russia’s Deputy Energy Minister Anatoly Yanovsky has said. All that’s needed are the two countries’ signatures, he added.
"We hope that the negotiations will be completed as scheduled," Reuters quoted Yanovsky as saying.
Russian President Vladimir Putin is due in the Chinese capital next week where the nations are widely expected to sign the deal. The contract’s been in the making for the last 10 years and in March 2013 resulted in signing of a delivery memorandum between Russia’s Gazprom and China’s CNPC. The terms of the pipeline delivery contract outline Russia’s intention to supply China with 38 billion cubic meters of gas per annum for 30 years, starting in 2018.
Yanovsky said that energy projects, such as oil or gas pipelines, are still new to the Russia-China relationship and that’s why they need a very careful and balanced research and approach.
“Talks regarding the development of the Far East and Siberia in terms of sales of raw materials eastward have never been held before. However, now our dialogue includes issues such as mining and the transportation of hydrocarbons,” Yanovksy said.
At the beginning of 2013, the CEO of Russia’s energy giant Gazprom, Aleksey Miller, said that the figure of 38 billion cubic meters of gas per year could rise to 60 bcm over the duration of the contract. The price of Russian gas for China is yet to be announced. However an April 10 article in Russia’s business daily Vedomosti suggested the sides are negotiating within the range of $360-$400 per 1,000 cubic meters.
China is Russia’s biggest trading partner outside the EU. Both countries expect bilateral trade to reach $100 billion by 2015 and $200 billion by 2020. The energy sector is arguably the most attractive at this stage as China attempts to close coal-fired power stations and raise natural gas consumption by 11 percent this year, according to a CNPC Economics and Technology Research Institute report.
cirr
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China's 2013 software industry revenue: 3.1 trillion yuan（500 billion USD），up 24.6% year on year（compared with global average of 5.7%）
China Computer Software Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com - Press Release - Digital Journal
Great going！
Will become a trillion dollar industry by 2018。
China Computer Software Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com - Press Release - Digital Journal
Great going！
Will become a trillion dollar industry by 2018。
Last edited:
cirr
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Beijing plans new $14 billion airport to ease congestion
BEIJING Tue May 13, 2014 12:27am EDT
Air China planes are seen on the tarmac of the Beijing Capital International Airport July 11, 2011.
Credit: Reuters/David Gray
BEIJING (Reuters) - Beijing plans to build a new 86 billion yuan ($14 billion) airport in the south of the Chinese capital as congestion continues to clog runways and gates at Beijing Capital International Airport.
The new facility, which will border on Hebei province, is planned to handle 72 million passengers and 2 million tons of cargo annually, according to a document posted on the website of Ministry of Environmental Protection late last week.
Beijing's Capital International Airport, which was built in 1958, is already operating beyond its designed capacity of 80 million passengers per year. In 2013, the airport handled 83 million visitors.
China's airports in total handled more than 754 million passengers last year, up 11 percent from 2012 and 86 percent from five years ago, official data shows.
Congestion and delays are only set to worsen as manufacturers estimate one new plane will take to China's skies every other day for the next two decades.
By 2015, Beijing alone is expected to see 113 million air passengers each year, rising to 142 million by 2020, according to the document.
A shortage of slots at major airports in Beijing, Shanghai and Guangzhou, along with China's restricted air corridors, cause constant delays at Chinese airports which sometimes lead to riots.
In February, angry passengers protesting a long delay smashed computers and chairs at Xinzheng International airport. One passenger even managed to get into the airport's control room and beat up airport staff, according to local media report.
Beijing plans new $14 billion airport to ease congestion| Reuters
BEIJING Tue May 13, 2014 12:27am EDT
Air China planes are seen on the tarmac of the Beijing Capital International Airport July 11, 2011.
Credit: Reuters/David Gray
BEIJING (Reuters) - Beijing plans to build a new 86 billion yuan ($14 billion) airport in the south of the Chinese capital as congestion continues to clog runways and gates at Beijing Capital International Airport.
The new facility, which will border on Hebei province, is planned to handle 72 million passengers and 2 million tons of cargo annually, according to a document posted on the website of Ministry of Environmental Protection late last week.
Beijing's Capital International Airport, which was built in 1958, is already operating beyond its designed capacity of 80 million passengers per year. In 2013, the airport handled 83 million visitors.
China's airports in total handled more than 754 million passengers last year, up 11 percent from 2012 and 86 percent from five years ago, official data shows.
Congestion and delays are only set to worsen as manufacturers estimate one new plane will take to China's skies every other day for the next two decades.
By 2015, Beijing alone is expected to see 113 million air passengers each year, rising to 142 million by 2020, according to the document.
A shortage of slots at major airports in Beijing, Shanghai and Guangzhou, along with China's restricted air corridors, cause constant delays at Chinese airports which sometimes lead to riots.
In February, angry passengers protesting a long delay smashed computers and chairs at Xinzheng International airport. One passenger even managed to get into the airport's control room and beat up airport staff, according to local media report.
Beijing plans new $14 billion airport to ease congestion| Reuters
But But what about our indian's friends claim tha their IT sector are the best in the wold? Maybe they got mixed up with IT and call centers?China's 2013 software industry revenue: 3.1 trillion yuan（500 billion USD），up 24.6% year on year（compared with global average of 5.7%）
China Computer Software Industry Report 2014-2017 Now Available at ChinaMarketResearchReports.com - Press Release - Digital Journal
Great going！
Will become a trillion dollar industry by 2018。
Beijing plans new $14 billion airport to ease congestion
BEIJING Tue May 13, 2014 12:27am EDT
Air China planes are seen on the tarmac of the Beijing Capital International Airport July 11, 2011.
Credit: Reuters/David Gray
BEIJING (Reuters) - Beijing plans to build a new 86 billion yuan ($14 billion) airport in the south of the Chinese capital as congestion continues to clog runways and gates at Beijing Capital International Airport.
The new facility, which will border on Hebei province, is planned to handle 72 million passengers and 2 million tons of cargo annually, according to a document posted on the website of Ministry of Environmental Protection late last week.
Beijing's Capital International Airport, which was built in 1958, is already operating beyond its designed capacity of 80 million passengers per year. In 2013, the airport handled 83 million visitors.
China's airports in total handled more than 754 million passengers last year, up 11 percent from 2012 and 86 percent from five years ago, official data shows.
Congestion and delays are only set to worsen as manufacturers estimate one new plane will take to China's skies every other day for the next two decades.
By 2015, Beijing alone is expected to see 113 million air passengers each year, rising to 142 million by 2020, according to the document.
A shortage of slots at major airports in Beijing, Shanghai and Guangzhou, along with China's restricted air corridors, cause constant delays at Chinese airports which sometimes lead to riots.
In February, angry passengers protesting a long delay smashed computers and chairs at Xinzheng International airport. One passenger even managed to get into the airport's control room and beat up airport staff, according to local media report.
Beijing plans new $14 billion airport to ease congestion| Reuters
This shit can never happen in the US wthout a beating by cops and yo *** thrown in jail. Chinese cops where were they?
TaiShang
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China to boost production-oriented service industries
Ren Zhongxi 丨Xinhua
BEIJING, May 14 (Xinhua) -- China will accelerate the development of production-oriented service industries in a bid to step up industrial restructuring and prop up economic growth.
Priorities will be given to the development of research and design, commercial services, marketing and after-sales services, and will be driven by the market and innovation, according to an executive meeting of the State Council chaired by Chinese Premier Li Keqiang on Wednesday.
The move is expected to stimulate domestic demand, boost social employment and improve people's livelihoods, as well as stabilize economic growth, the meeting said.
It will also help the sector to move up the value chain, and prompt integrative development of the country's tertiary, agriculture and industry sectors.
According to the meeting, design and application of new materials, products and techniques will be strengthened. Improvements will be made in information technology and energy saving services, as well as logistics services for manufacturers.
Financial services for the manufacturing of construction equipment, delivery vehicles and production line will be promoted, while the country will encourage service outsourcing and the nurturing of high-end talents.
The central government will ease market access to attract social capital to the industries, encouraging Chinese enterprises of the sectors to invest overseas and lifting access restrictions gradually for foreign companies on architectural design, accounting audit and commercial logistics.
Enterprises of research and design, inspection and certification, and energy saving will be allowed tax breaks that have been enjoyed by high-tech companies.
The meeting said value-added tax will be promoted to the entire tertiary sector and promised favorable policies to build a sound environment for companies in production-oriented service industries.
In addition, the country will continue to develop service industries concerning daily life, such as health, elderly care and information consumption, improving people's well-being and building a new engine for healthy economic and social development.
The meeting approved a draft of the Food Safety Law, which requires full supervision, stricter punishment, accountability, increased risk monitoring and improved food safety standards.
The draft is still subject to deliberation of the Standing Committee of the National People's Congress, the meeting said.
Ren Zhongxi 丨Xinhua
BEIJING, May 14 (Xinhua) -- China will accelerate the development of production-oriented service industries in a bid to step up industrial restructuring and prop up economic growth.
Priorities will be given to the development of research and design, commercial services, marketing and after-sales services, and will be driven by the market and innovation, according to an executive meeting of the State Council chaired by Chinese Premier Li Keqiang on Wednesday.
The move is expected to stimulate domestic demand, boost social employment and improve people's livelihoods, as well as stabilize economic growth, the meeting said.
It will also help the sector to move up the value chain, and prompt integrative development of the country's tertiary, agriculture and industry sectors.
According to the meeting, design and application of new materials, products and techniques will be strengthened. Improvements will be made in information technology and energy saving services, as well as logistics services for manufacturers.
Financial services for the manufacturing of construction equipment, delivery vehicles and production line will be promoted, while the country will encourage service outsourcing and the nurturing of high-end talents.
The central government will ease market access to attract social capital to the industries, encouraging Chinese enterprises of the sectors to invest overseas and lifting access restrictions gradually for foreign companies on architectural design, accounting audit and commercial logistics.
Enterprises of research and design, inspection and certification, and energy saving will be allowed tax breaks that have been enjoyed by high-tech companies.
The meeting said value-added tax will be promoted to the entire tertiary sector and promised favorable policies to build a sound environment for companies in production-oriented service industries.
In addition, the country will continue to develop service industries concerning daily life, such as health, elderly care and information consumption, improving people's well-being and building a new engine for healthy economic and social development.
The meeting approved a draft of the Food Safety Law, which requires full supervision, stricter punishment, accountability, increased risk monitoring and improved food safety standards.
The draft is still subject to deliberation of the Standing Committee of the National People's Congress, the meeting said.
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