Global-China Information Service

Abstract : The 3rd G60 Yangtze River Delta Sci-tech Innovation Valley Talent Summit concluded Thursday in Hefei, capital of east China's Anhui Province. HEFEI, Oct. 29 (Xinhua) — The 3rd G60 Yangtze River Delta Sci-tech Innovation Valley Talent Summit concluded Thursday in Hefei, capital of east China’s Anhui Province. Themed “Talents Integration Brings about High Quality Development,” the two-day summit was aimed at promoting talent integration in the Yangtze River Delta region, which is one of the country’s most economically active. It brought together government officials, industry representatives and scholars from nine cities in the delta region, including Shanghai, Jiaxing, Hangzhou, Jinhua, Suzhou, Huzhou, Xuancheng, Wuhu and Hefei. The event included a round-table conference, dialogue and forum in which participants discussed the development of their cities and inter-city cooperation, with a raft of talent-support policies announced and several agreements signed. The “...

Abstract : Chinese firms have maintained jobs for Zambians during COVID-19, a sign of strengthened friendship between the two nationalities, a business association has said. MUFULIRA, Zambia, Oct. 29 (Xinhua) — Chinese firms have maintained jobs for Zambians during COVID-19 , a sign of strengthened friendship between the two nationalities, a business association has said. Albert Miti, committee member for Mufulira District Business Association, applauded the Chinese investors in Zambia, particularly in Mufulira for marinating jobs for Zambians despite having been affected by COVID-19. “Since COVID-19 broke out we have never heard of any of the Chinese investors cut off labour in view of the outbreak, the companies have, however, strictly adhered to COVID-19 preventive measures for their workers including their families,” said Miti He also observed that the Chinese enterprises have also not reduced salaries for their workers. “While some companies have cut off their labour force...

Abstract : China's 14th Five-Year Plan is expected to catalyze equitable development domestic and abroad based on the country's robust economic growth during the past five years, a Kenyan expert has told Xinhua. NAIROBI, Oct. 30 (Xinhua) — China’s 14th Five-Year Plan is expected to catalyze equitable development domestic and abroad based on the country’s robust economic growth during the past five years, a Kenyan expert has told Xinhua. Cavince Adhere, an international relation s researcher with a focus on China-Africa relations, said that unlike other countries, China’s middle-range and long-range planning episodes feature stability, predictability and continuity of development programs. “This has made it easy for China to achieve its socio-economic transformation aspirations within set parameters and timelines,” Adhere said. He added that so far, China has registered far-reaching and multifaceted achievements in building a moderately prosperous society. Adhere said that...

Abstract : Pakistan's Information Minister Shibli Faraz said on Thursday that the China-Pakistan Economic Corridor (CPEC) is a symbol of friendship between Pakistan and China, that would further strengthen the relationship between the two countries. ISLAMABAD, Oct. 29 (Xinhua) — Pakistan ‘s Information Minister Shibli Faraz said on Thursday that the China-Pakistan Economic Corridor (CPEC) is a symbol of friendship between Pakistan and China, that would further strengthen the relationship between the two countries. The minister told members of the National Assembly, or the lower house of the country’s parliament that all the projects under CPEC are being implemented in a timely manner as the government is cognizant of the importance of CPEC in the country’s development and prosperity. “All the projects of CPEC are successfully advancing towards completion,” the minister said, adding that the government created such a mechanism through which all the CPEC projects could be compl...

Abstract : China will advance green development and promote harmony between human and nature, according to a communique released Thursday after the fifth plenary session of the 19th Central Committee of the Communist Party of China. BEIJING, Oct. 29 (Xinhua) — China will advance green development and promote harmony between human and nature, according to a communique released Thursday after the fifth plenary session of the 19th Central Committee of the Communist Party of China. The country will fully implement the sustainable development strategy, improve coordination mechanisms in the sphere of ecological conservation and promote all-round green transformation in economic and social development, says the communique. The communique stresses efforts to accelerate green and low-carbon development, continuously improve the environment as well as the quality and stability of ecosystems, and raise the efficiency of resource utilization. Enditem About Xinhua Silk Road Xinhua Silk Road...

Abstract : The China Cultural Center in Cairo launched on Thursday its official website, said a statement published by the center. CAIRO, Oct. 29 (Xinhua) — The China Cultural Center in Cairo launched on Thursday its official website, said a statement published by the center. “The launch of the website commemorates the 18th anniversary of the establishment of the center’s headquarters in Cairo,” the statement said. The website is served in Chinese and Arabic languages. By integrating the center’s cultural and tourism resources, the website is divided into two major sections, namely “Cultural Vision” and “Traveling in China.” The “Cultural Vision” section helps visitors understand the latest events in the center and participate in a variety of activities and courses, including online exhibitions, language learning, and cooking Chinese food. The “Traveling in China” section is dedicated to creating an immersive travel experience in China, especially for Egyptians. This platform...

Abstract : The first comprehensive cross-border e-commerce pilot zone in northwest China's hinterland province of Qinghai was officially opened for business on Thursday in the city of Haidong. XINING, Oct. 29 (Xinhua) — The first comprehensive cross-border e-commerce pilot zone in northwest China’s hinterland province of Qinghai was officially opened for business on Thursday in the city of Haidong. The Haidong pilot zone received approval last December and focuses on areas including an online service platform and the construction of systems for information sharing, financial services and intelligent logistics, according to Song Jian, director of the management committee of the Qinghai Caojiapu Bonded Logistics Center (Type B). The business model adopted in the zone allows e-commerce platforms to import unsold goods from overseas and store them in bonded warehouses before being sold, undergoing customs clearance and being delivered to consumers. The zone’s official launch is ...

Abstract : China will continue to take the real economy as the focus of its economic development, unswervingly build up its strength in manufacturing, quality and cyberspace, and build a digital country, according to a communique. BEIJING, Oct. 29 (Xinhua) — China will continue to take the real economy as the focus of its economic development, unswervingly build up its strength in manufacturing, quality and cyberspace, and build a digital country, according to a communique. The country will work to promote the modernization of its supply and industrial chains, and improve the quality, efficiency and core competitiveness of its economy, said the communique released Thursday after the fifth plenary session of the 19th Communist Party of China Central Committee. Efforts will also be made to develop strategic emerging industries, accelerate modern service industries’ development, advance the infrastructure construction in a coordinated way, build the country’s strength in transportatio...

Abstract : A total of 20 tonnes of apples from the city of Yan'an, in northwest China's Shaanxi Province, have been exported to Italy via cold-chain logistics. XI’AN, Oct. 29 (Xinhua) — A total of 20 tonnes of apples from the city of Yan’an, in northwest China’s Shaanxi Province, have been exported to Italy via cold-chain logistics. The apples, produced in Yan’an’s Luochuan County, left the city on Monday and will arrive in Italy in a month’s time. They are part of a contract signed between the Italian company B.F. Frutta SRL with two Chinese companies from Shaanxi and the northern province of Hebei, to export a total of 500 tonnes of Luochuan apples to Italy for 10.6 yuan (1.58 U.S. dollars) per kg. The shipment to Italy is another breakthrough for Luochuan apples, which have already gone global, with exports to the Middle East, Southeast Asia, North America and other regions, said Ma Jitao, the deputy head of Luochuan County. So far, Luochuan apples, which are a major...

Abstract : Authorities in Shanghai have strengthened the epidemic prevention and control of cold-chain food exhibits at the upcoming China International Import Expo (CIIE), imposing strict controls on warehousing, inspection, delivery and display. SHANGHAI, Oct. 29 (Xinhua) — Authorities in Shanghai have strengthened the epidemic prevention and control of cold-chain food exhibits at the upcoming China International Import Expo (CIIE), imposing strict controls on warehousing, inspection, delivery and display. The exhibits will be put in storage in batches and transferred together for exhibition by a supply-chain company in the Pudong New Area, according to the municipal administration for market regulation. Wu Renhua, from the administration, said there would be warehouse inspections, disinfection of cold-chain food and transport vehicles and personnel, as well as COVID-19 tests for cold-chain food practitioners and the warehouse environment. The administration will also carry out...

Abstract : Bilateral trade between Nepal and China through the Tatopani-Zhangmu border point resumed on Thursday, after a hiatus of more than three weeks, an official of Nepal's border customs office said. KATHMANDU, Oct. 29 (Xinhua) — Bilateral trade between Nepal and China through the Tatopani-Zhangmu border point resumed on Thursday, after a hiatus of more than three weeks, an official of Nepal’s border customs office said. Rasuwagadhi-Kerung (Geelong), another border point, had been reopened late last month. With the reopening of the Tatopani-Zhangmu border point, bilateral trade through both land routes has resumed. The two border points had been closed earlier amid COVID-19 concerns. “A Chinese container entered into Nepal, carrying Nepal-bound goods on Thursday,” Lal Bahadur Khatri, chief customs officer at Tatopani Customs Office, told Xinhua on Thursday. “A Chinese container carries goods equivalent to two Nepali containers.” He said that more Chinese containers ...

Abstract : Experts worldwide have spoken highly of China's development achievements and expressed hope that China will make even greater achievements, which will benefit world economic recovery amid the COVID-19 pandemic. BEIJING, Oct. 29 (Xinhua) — Experts worldwide have spoken highly of China’s development achievements and expressed hope that China will make even greater achievements, which will benefit world economic recovery amid the COVID-19 pandemic. The fifth plenary session of the 19th Central Committee of the Communist Party of China (CPC) concluded Thursday adopted the CPC Central Committee’s proposals for the formulation of the 14th Five-Year Plan (2021-2025) for National Economic and Social Development and the Long-Range Objectives Through the Year 2035. Mao Xuxin, principal economist at the National Institute of Economic and Social Research, a London-based economic think tank, said the proposals “set a practical blueprint for China’s economic growth and social dev...

Abstract : The Chinese Embassy in North Macedonia donated on Thursday a batch of 310 tablets to pupils in Gazi Baba, one of the municipalities that make up the capital city of Skopje, to help them have online learning. Chinese Ambassador to North Macedonia Zhang Zuo (R) touches elbow with mayor of Municipality Gazi Baba Borce Georgievski (L) during a signing ceremony of an agreement in Skopje, North Macedonia, Oct. 29, 2020. Chinese embassy in North Macedonia donates 310 tablets to school kids to help them have on-line classes. (Photo by Tomislav Georgiev/Xinhua) TIRANA, Oct. 29 (Xinhua) — The Chinese Embassy in North Macedonia donated on Thursday a batch of 310 tablets to pupils in Gazi Baba, one of the municipalities that make up the capital city of Skopje, to help them have online learning. Zhang Zuo, Chinese Ambassador to North Macedonia, and Boris Georgievski, Mayor of Gazi Baba, signed a donation agreement in Skopje. After the COVID-19 outbreak in North Macedonia, China...

Abstract : China's Yunnan Baiyao Group on Thursday announced that its net profit attributable to shareholders topped 4.25 billion yuan (about 633.7 million U.S. dollars) in the first three quarters of 2020, an increase of 20.08 percent year on year. KUNMING, Oct. 29 (Xinhua) — China’s Yunnan Baiyao Group on Thursday announced that its net profit attributable to shareholders topped 4.25 billion yuan (about 633.7 million U.S. dollars) in the first three quarters of 2020, an increase of 20.08 percent year on year. The company raked in 23.9 billion yuan in operating revenue during the same period, up 10.56 percent compared with that in the first nine months of last year. Established in 1902, Yunnan Baiyao is a time-honored brand based in southwest China’s Yunnan Province. It is famous for producing baiyao, a white powder that is used to stop bleeding and relieve pain. The firm is also a leading toothpaste seller in China. Enditem About Xinhua Silk Road Xinhua Silk Road (en.imsi...

https://en.imsilkroad.com/p/317208.html About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy, BRI Trade, BRI Investment, Belt and Road weekly, Know Belt and Road, and the integrated information services for the Belt and Road Initiative (BRI). Source: https://en.imsilkroad.com/p/317208.html

Abstract : The Shanghai Technology Exchange officially opened on Wednesday to promote innovation in the technology marketplace. SHANGHAI, Oct. 28 (Xinhua) — The Shanghai Technology Exchange officially opened on Wednesday to promote innovation in the technology marketplace. The exchange was jointly established by the Ministry of Science and Technology and the Shanghai municipal government. Unlike other property rights exchanges, the Shanghai Technology Exchange will organize transactions of various scientific and technological achievements and technical services to help accelerate the science and technology transfer in the Yangtze River Delta and across the whole country, said Yan Mingfeng, president of the exchange. To date, the exchange has amassed a total of 20 universities and research institutes, 30 transaction service institutions, and 60 enterprises including state-owned and listed companies. Over 5,000 scientific and technological achievements are currently intended to ent...

Abstract : China will comprehensively deepen reform in pursuit of a high-level socialist market economy, according to a communique released Thursday after the fifth plenary session of the 19th Central Committee of the Communist Party of China. BEIJING, Oct. 29 (Xinhua) — China will comprehensively deepen reform in pursuit of a high-level socialist market economy, according to a communique released Thursday after the fifth plenary session of the 19th Central Committee of the Communist Party of China. China will uphold and improve the basic socialist economic system, give full play to the decisive role of the market in resource allocation, let the government better play its role, and promote the better integration of an efficient market and a capable government, according to the document. The communique emphasizes the need to stimulate the vitality of various market entities, optimize macro-economic governance, establish a modern fiscal, taxation and financial system, foster a high-s...

Abstract : China will pursue high-level opening up and explore new prospects of win-win cooperation, according to the communique of the fifth plenary session of the 19th Central Committee of the Communist Party of China released on Thursday. Aerial photo taken on Sept. 17, 2020 shows the Houhai area in Nanshan District of Shenzhen, south China’s Guangdong Province. Known as a paragon of opening-up and development, Shenzhen in Guangdong Province is one of China’s earliest special economic zones. (Xinhua/Chen Yehua) BEIJING, Oct. 29 (Xinhua) — China will pursue high-level opening up and explore new prospects of win-win cooperation, according to the communique of the fifth plenary session of the 19th Central Committee of the Communist Party of China released on Thursday. China will leverage the advantages of its huge market to promote international cooperation and achieve win-win results, the communique says. About Xinhua Silk Road Xinhua Silk Road (en.imsilkroad.com) is the Be...

Abstract : China's Mars probe Tianwen-1 conducted its third orbital correction Wednesday night, according to the China National Space Administration (CNSA). The China National Space Administration (CNSA) releases mid-flight images of Mars probe Tianwen-1 as the country’s National Day coincides with the Mid-Autumn Festival on Oct. 1, 2020. (China National Space Administration /Handout via Xinhua) BEIJING, Oct. 28 (Xinhua) — China’s Mars probe Tianwen-1 conducted its third orbital correction Wednesday night, according to the China National Space Administration (CNSA). The probe carried out the orbital correction at around 10 p.m. (Beijing time) with its eight 25N engines working simultaneously. The performance of the 25N engines was also tested during the operation. The orbital correction aims to fine-tune the transfer orbit after the deep-space maneuver, ensuring that the probe achieves a sound planned rendezvous with Mars. Launched on July 23, the probe carried ...

Abstract : The brands behind the "Made in Italy" trademark — battered by months of slow production from Italy's national coronavirus lockdown and the worldwide economic slowdown — are increasingly looking toward Shanghai as a way to speed up their recovery. Photo shows decorations at the west entrance of the National Exhibition and Convention Center (Shanghai) in east China’s Shanghai, Oct. 23, 2020. The 3rd China International Import Expo (CIIE) will kick off on Nov. 5. (Xinhua/Fang Zhe) “A lot of time has been lost (during the lockdown) and that has shaken up the international import and export markets in a dramatic way,” said Nicola Guerini, managing director of the Milan Fashion Institute, adding that the China International Import Expo will be “one of the few constants.” ROME, Oct. 28 (Xinhua) — The brands behind the “Made in Italy ” trademark — battered by months of slow production from Italy’s national coronavirus lockdown and the worldwide econo...

Abstract : The chief of Italy China Chamber of Commerce (CICC) said on Wednesday that it is essential for Italian companies that wish to do business in China to attend the China International Import Expo (CIIE) trade fair. ROME, Oct. 28 (Xinhua) — The chief of Italy China Chamber of Commerce (CICC) said on Wednesday that it is essential for Italian companies that wish to do business in China to attend the China International Import Expo (CIIE) trade fair. The comment by CICC Secretary General Marco Bettin came during a webinar on opportunities for Italian businesses in China held by the Banca Popolare di Sondrio, an Italian bank based in the northern Lombardy region. Around 70 Italian companies will be attending this year’s edition of the CIIE, which runs on Nov. 5-10 and which has been held annually in Shanghai since 2018, Bettin said. “The CIIE is the biggest trade fair in the world in terms of exhibition area, and it is extremely important for companies that want ...

Abstract : The People's Bank of China, the central bank, said it would conduct this year's tenth central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds issued by commercial banks. BEIJING, Oct. 28 (Xinhua) — The People’s Bank of China, the central bank, said it would conduct this year’s tenth central bank bills swap (CBS) operation on Wednesday to improve the liquidity of perpetual bonds issued by commercial banks. The CBS, valued at 5 billion yuan (about 744 million U.S. dollars), is open to primary dealers for bidding at a fixed rate of 0.1 percent, the central bank said in a statement. The swap will be due on Jan. 28, 2021, said the statement. The CBS scheme allows dealers to swap the perpetual bonds they hold for central bank bills, which will boost market demand for perpetual bonds but have a neutral impact on liquidity in the banking system. Perpetual bonds are fixed-income securities with no maturity date and are not redeem...

Abstract : Collaboration with China in the fields of computerization and cybersecurity has strategic importance to Cuba, a high ranking official has said. by Yosley Carrero HAVANA, Oct. 28 (Xinhua) — Collaboration with China in the fields of computerization and cybersecurity has strategic importance to Cuba, a high ranking official has said. “We reaffirm the profound links that unite Cuba and China, in the context of the 60th anniversary of the establishment of diplomatic relations between the two countries,” Wilfredo Gonzalez, Cuba’s first deputy minister of communications, told Xinhua in a recent interview. Bilateral collaboration in the field of communications has gained major prominence against rising unilateralism worldwide, according to the official. The two countries increased collaboration in telecommunications after signing a memorandum of understanding in July 2014. As a result, Cuban human resources in this field have received training in China, and cooperat...

Abstract : Launched in Chongqing and Chengdu in 2011 and 2013, respectively, the China-Europe freight train services have significantly shortened the distance between western China and Europe. So far, more than 10,000 freight trains have linked the two cities with Europe. CHONGQING, Oct. 29 (Xinhua) — Every morning early, a freight train loaded with electronic information products, auto parts, and other goods departs the Tuanjiecun station of southwest China’s Chongqing Municipality and heads for Germany. Around the same time, a train full of cargo heads for Poland from more than 300 km away in Chengdu, capital of the southwestern Sichuan Province. Launched in Chongqing and Chengdu in 2011 and 2013, respectively, the China-Europe freight train services have significantly shortened the distance between western China and Europe. So far, more than 10,000 freight trains have linked the two cities with Europe, accounting for more than 40 percent of the total number of China-E...

Abstract : China's telecom equipment maker ZTE saw its operating revenue surge 15.4 percent year on year to 74.13 billion yuan (11.11 billion U.S. dollars) in the first three quarters of this year. SHENZHEN, Oct. 29 (Xinhua) — China’s telecom equipment maker ZTE saw its operating revenue surge 15.4 percent year on year to 74.13 billion yuan (11.11 billion U.S. dollars) in the first three quarters of this year. In the third quarter alone, ZTE realized an operation revenue of 26.93 billion yuan, an annual increase of 37.2 percent, the company said in a report Wednesday, adding that the net profit attributable to common shareholders reached 850 million yuan. It invested 10.79 billion yuan in research and development in the January-September period, up 15.3 percent year on year, accounting for 14.6 percent of its operation revenue. By the end of September, ZTE had obtained 55 commercial 5G contracts and started 5G cooperation with more than 90 telecom operators around th...

Abstract : Central China's Henan Province saw its foreign trade grow 2.4 percent to more than 377.1 billion yuan (56.5 billion U.S. dollars) in the first three quarters, customs data showed. ZHENGZHOU, Oct. 29 (Xinhua) — Central China’s Henan Province saw its foreign trade grow 2.4 percent to more than 377.1 billion yuan (56.5 billion U.S. dollars) in the first three quarters, customs data showed. Henan’s export volume reached 231.9 billion yuan from January to September, down 2.4 percent year on year, while imports totaled 145.2 billion yuan, up 11.3 percent, according to Zhengzhou Customs. Henan continued to deepen trade cooperation with the European Union (EU), the Association of Southeast Asian Nations (ASEAN) and Latin America. In the period, the province’s import and export volume with the EU (not including the UK) reached 53.6 billion yuan, surging 52 percent year on year. In terms of imported and exported goods, mobile phones are the single commodity with ...

Abstract : China's central bank pumped cash into the banking system through open market operations to maintain liquidity Thursday. BEIJING, Oct. 29 (Xinhua) — China’s central bank pumped cash into the banking system through open market operations to maintain liquidity Thursday. The People’s Bank of China injected 140 billion yuan (about 20.8 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on its website. The move was intended to maintain reasonably ample liquidity in the banking system, the central bank said. With 50 billion yuan of reverse repos maturing on the same day, the move led to a net liquidity injection of 90 billion yuan into the market. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. China pursues a prudent monetary policy in a more flexible and appropriat...

Abstract : The 8th Forum on China-ASEAN Technology Transfer and Collaborative Innovation is scheduled in Nanning, capital of south China's Guangxi Zhuang Autonomous Region, from Nov. 26 to 30, the regional science and technology department said Wednesday. NANNING, Oct. 28 (Xinhua) — The 8th Forum on China-ASEAN Technology Transfer and Collaborative Innovation is scheduled in Nanning, capital of south China’s Guangxi Zhuang Autonomous Region, from Nov. 26 to 30, the regional science and technology department said Wednesday. The high-level forum under the framework of the 17th China-ASEAN Expo will be held both online and offline. The forum includes a series of activities such as the 2nd ASEAN Plus Three Young Scientist Innovation Forum, China-ASEAN International Forum on Sustainable Development and Innovation Cooperation, and the 17th China-ASEAN Expo Advanced Technology Exhibition. The forum will also hold events to promote all-round, multi-level and extensive innovative coo...

Abstract : China's general aviation industry has achieved major progress with increasing enterprises and aircraft over the 13th Five-Year Plan period (2016-2020), according to the civil aviation authorities. BEIJING, Oct. 28 (Xinhua) — China’s general aviation industry has achieved major progress with increasing enterprises and aircraft over the 13th Five-Year Plan period (2016-2020), according to the civil aviation authorities. By now, China has 509 general aviation enterprises and 2,913 general aircraft, according to the Civil Aviation Administration of China (CAAC). These numbers represented 81.1 percent and 30.3 percent increase respectively compared with those by the end of the 12th Five-Year Plan period (2011-2015). In 2019, China’s general aircraft operated 1.06 million hours, up 36.7 percent from the end of the 2011-2015 period. China has listed the general aviation industry as one of the strategic emerging industries and taken measures to boost its development. Trad...

Abstract : Ant Group, the parent company of China's leading mobile-payment business Alipay, started its initial public offering (IPO) in Hong Kong on Tuesday and plans to list on the Hong Kong Stock Exchange (HKEX) on Nov. 5. HONG KONG, Oct. 27 (Xinhua) — Ant Group, the parent company of China’s leading mobile-payment business Alipay, started its initial public offering (IPO) in Hong Kong on Tuesday and plans to list on the Hong Kong Stock Exchange (HKEX) on Nov. 5. According to its prospectus, the company’s H share will offer over 1.67 billion shares at a price of 80 Hong Kong dollars (about 10.32 U.S. dollars) per share, and is set to raise around 132 billion Hong Kong dollars. The company will also be listed on the Shanghai Stock Exchange’s sci-tech innovation board on the same day, raising up to 132.2 billion yuan. According to the official website of the Shanghai Stock Exchange, the company’s A share price is 68.8 yuan per share, with a total market value of 2.1 trillion ...

Abstract : China's civil air transport sector has achieved 10 years and one month of consecutive safe flight operations as of this September, according to the civil aviation authorities. BEIJING, Oct. 27 (Xinhua) — China’s civil air transport sector has achieved 10 years and one month of consecutive safe flight operations as of this September, according to the civil aviation authorities. As of the end of September, the sector had seen a total of 86.69 million consecutive safe flight hours, according to statistics from the Civil Aviation Administration of China (CAAC). China’s civil aviation sector has achieved steady progress over the 13th Five-Year Plan period (2016-2020) with significant performance in both transport capacity and safe flight operations. Over the 2016-2020 period, the civil aviation authorities unswervingly implemented the strategy of controlling quantity and adjusting structure to ensure the sustainability of the civil aviation industry, said the CAAC. The ...

Abstract : A total of 50 Kazakh companies will have been trained by the end of this year to get registered and promote their products on Alibaba.com, a B2B platform owned by China's e-commerce giant Alibaba Group, a senior Kazakh trade official has said. NUR-SULTAN, Oct. 28 (Xinhua) — A total of 50 Kazakh companies will have been trained by the end of this year to get registered and promote their products on Alibaba.com, a B2B platform owned by China’s e-commerce giant Alibaba Group, a senior Kazakh trade official has said. According to Nurlan Kulbatyrov, deputy director general of Kazakhstan’s QazTrade Center for trade policy development, the Ministry of Trade and Integration and QazTrade last year launched a new service support tool to bring Kazakh entrepreneurs and exporters to international trading platforms, including Alibaba. So far, more than 200 Kazakh companies have registered on Alibaba and another 50 companies will follow suit by the end of 2020, Kulbatyrov told X...

Abstract : The China International Import Expo (CIIE), the world's first import-themed national-level expo, offers new opportunities to global business and helps boost the world economy by promoting international trade, an export director of South America's largest meat producer has said. RIO DE JANEIRO, Oct. 27 (Xinhua) — The China International Import Expo (CIIE), the world’s first import-themed national-level expo, offers new opportunities to global business and helps boost the world economy by promoting international trade , an export director of South America’s largest meat producer has said. As the third CIIE draws near, Minerva Foods, a Brazil-headquartered leading beef producer and exporter, hopes to drum up more business and continue to expand its sales in the fast-growing Chinese market, Celia Sampaio, a director responsible for the multinational’s beef exports, said in a recent interview with Xinhua. “Without a doubt, the fair plays a positive role for the world ...

Abstract : Huawei has launched the 4th edition of its annual Middle East ICT Competition in Lebanon to support the next generation of leaders for an intelligent world, the Chinese tech giant said in a statement on Tuesday. BEIRUT, Oct. 27 (Xinhua) — Huawei has launched the 4th edition of its annual Middle East ICT Competition in Lebanon to support the next generation of leaders for an intelligent world, the Chinese tech giant said in a statement on Tuesday. From October to December, hundreds of undergraduate students from about eight leading universities in Lebanon are expected to participate in this year’s competition, which is being held virtually for the first time given the physical distancing measures. The training and competition, held under the theme “Connection, Glory, Future,” focuses on advanced technologies, such as 5G, AI, cloud computing and data storage, to facilitate connections between international talents. Feng Nan, Huawei’s CEO in the Levant Region, said Huawei ...

Abstract : China's central bank pumped cash into the banking system through open market operations to maintain liquidity Wednesday. BEIJING, Oct. 28 (Xinhua) — China’s central bank pumped cash into the banking system through open market operations to maintain liquidity Wednesday. The People’s Bank of China injected 120 billion yuan (about 17.86 billion U.S. dollars) into the market through seven-day reverse repos at an interest rate of 2.2 percent, according to a statement on its website. The move was intended to maintain reasonably ample liquidity in the banking system, the central bank said. With 80 billion yuan of reverse repos maturing on the same day, this led to a net liquidity injection of 40 billion yuan into the market. A reverse repo is a process in which the central bank purchases securities from commercial banks through bidding, with an agreement to sell them back in the future. China pursues a prudent monetary policy in a more flexible and appropriate way, acco...

Abstract : The upcoming China International Import Expo (CIIE) will bring hope and confidence to the global economy, an associate professor at the Lee Kuan Yew School of Public Policy of the National University of Singapore has told Xinhua. SINGAPORE, Oct. 27 (Xinhua) — The upcoming China International Import Expo (CIIE) will bring hope and confidence to the global economy, an associate professor at the Lee Kuan Yew School of Public Policy of the National University of Singapore has told Xinhua. Since the outbreak of COVID-19 , the global economy has been experiencing unprecedented hardships not seen since the Great Depression of the 1930s, Gu Qingyang noted. As projected by the International Monetary Fund earlier this month, the global economy is expected to contract by 4.4 percent in 2020. “The grim situation is largely attributable to the inefficient demand worldwide,” Gu said. The helplessness and hopelessness in achieving economic recovery prevail in many parts of the wor...