Day: July 24, 2019

(Xinhua)09:29, July 23, 2019

BEIJING, July 22 — Chinese coffee chain brand Luckin Coffee has set its sight on global expansion by planning businesses in the Greater Middle East and India markets via a partnership.

Luckin Coffee and Americana Group, the largest integrated food product company in the Middle East, signed a Memorandum of Understanding Monday, which includes a plan to set up a joint venture to launch new retail coffee businesses in the above regions.

This collaboration represents Luckin Coffees first step toward bringing its leading products from China to the world, said Luckin Coffee founder and CEO Jenny Qian.

Founded in 2017, Luckin posted fast expansion thanks to its convenient tech-driven services and affordable quality products. It now operates over 3,000 stores across 40 cities in China.

The company plans to open more than 4,500 stores by the end of 2019 to become Chinas largest coffee chain.

(Peoples Daily Online)14:00, July 23, 2019

A worker operates a robot in a company producing electric mechanical products in Langfang, Hebei province. (Photo/Xinhua)

Since 1949, China has gone through profound changes in its industry and demand structures and substantially promoted its economy, according to a report issued by the country鈥檚 National Bureau of Statistics (NBS) earlier this month.

The added-value of the service sector accounted for 52.2 percent of Chinas total GDP in 2018, up 23.5 percentage points than that in 1952. 46.3 percent of the country鈥檚 workforce was employed in the tertiary industry, 37.2 percentage points higher than that in 1952.

The service sector contributed to 59.7 percent of China鈥檚 economic growth, 23.6 percentage points higher than that of the secondary industry, said Du Xishuang, head of the Department of Service Statistics under the NBS.

The upgraded industrial structure, together with new technologies such as e-commerce and supply chain, facilitated the growth of emerging services. For example, the country handled a total of 50.7 billion express parcels in 2018, up 26.6 percent year-on-year.

Chinas reform in trade structure has also made progress. Primary products accounted for more than 80 percent of Chinas exports back when the country was founded. However, the proportion dropped to 5.4 percent and that of manufactured goods increased to 94.6 percent last year.

Meanwhile, the consumption potential of China was further unleashed, with consumption contributing 76.2 percent to economic growth last year.

鈥淎pproximately 140 million Chinese families of three enjoy an annual income of between 100,000 and 500,000 yuan, meaning they can afford cars, houses and leisure travel, which projects promising market potential, said Ning Jizhe, head of NBS.

(Peoples Daily Online)14:36, July 23, 2019

A customer scans QR code to complete payment at a snack shop in New Delhi, India, April 12, 2017. (Xinhua/Bi Xiaoyang)

China’s rising e-commerce and mobile payment systems are helping the expansion of the country’s internet technology in a global context.

Chinese enterprises are leading a new trend in the internet industry, and have established “super applications” such as mobile payments, providing modern systems for the world.

Those who have lived in India for over five years can feel that the lifestyle there is becoming more and more “Chinese”. Many places in India, inspired by the development models of the Chinese internet, are seeing more and more characteristics of China.

Because of smart phones and internet services, the life in New Delhi now has nothing different from that in Beijing where daily commodities can be shopped without stepping out of your own home, and one can even call for manicure and massage services from the internet.

Apart from online shopping platforms and car-hailing services, mobile payment and food delivery enjoying huge popularity in China, they are also seeing rapid development in India. In addition, although internet celebrity culture powered by short video and live streaming platforms has just started in India, it is rapidly becoming more and more popular.

Statistics indicate that India had over 500 million internet users and 30 smart phone users per 100 people by the end of the last year. The young generation (younger than the age of 35) accounts for over 60 percent of the total population, which is a powerful support for the internet economy.

A large number of Chinese internet enterprises have entered the Indian market the past few years, and media report that India is copying the first-half game of China’s internet development.

Apart from India, many supermarkets, restaurants and hotels in Cambodia’s Phnom Penh, Siem Reap and Sihanoukville now accept Alipay and WeChat Pay, the two largest mobile payment service providers of China.

China’s mobile payment technology is exerting a profound influence on relevant industries of Cambodia. Local service providers such as Pi Pay; Wing and True Money have actively sought for cooperation with Chinese partners to attract more Chinese users.

Tomas Pokorny, CEO of Pi Pay told People’s Daily that China’s rapid development of mobile payment is an important inspiration for Cambodia.

He said that financial technology companies need to establish a set of mobile payment infrastructure to provide high-quality, reliable and safe solutions for both urban and rural areas in Cambodia.

Pi Pay, which launched an e-wallet mobile application in Cambodia two years ago, offers cashless payment services. It now owns over 260,000 users and has dealt with 7.5 million individual transactions, with a total amount of over $170 million.

The company is now cooperating with Alipay and Chinese financial services corporation Union Pay, allowing the users of the latter to pay at its own service points across the country, Pokorny said.

According to him, the mobile payment market of Cambodia is seeing a continuous growth in new developers, as more and more users and merchants are realizing the convenience and potential of cashless payment – higher security and efficiency.

Pokorny predicted that cashless payment services will embrace further growth in Cambodia.

Vincent Yang, CEO of JD CENTRAL, an online shopping platform jointly launched by the Chinese online retailer giant JD.com and top Thai retailer Central Group, noted that JD.com has always been building a supply chain between China and Thailand, so that both people can enjoy quality products.

JD CENTRAL is also exploring the option to build retailing infrastructure in Thailand in order to integrate the e-commerce market of the country, Yang introduced.

“We hope that in Thailand, consumers can buy anything they want anywhere,” Yang said.

According to him, JD.com’s Thai branch is operating in the same business model with that of China, and its fast delivery has already become majorly competitor.

Moreover, the smart supply chain, as well as deeply customized push services of JD.com, has also been applied in Thailand.

(Xinhua)14:50, July 23, 2019

QUETTA, Pakistan, July 23 — The first Chinese Study Center in Pakistans southwest province of Balochistan has been inaugurated in an effort to enhance peoples perception of China among different communities in the province.

The study center, which is funded by the Chinese Embassy in Pakistan and under the University of Balochistan, would start a six-week language introductory course, six-month diploma course of Chinese language learning followed by a four-year program in China studies. It will also do researches on topics related to the bilateral ties and the China-Pakistan Economic Corridor (CPEC).

At an inauguration ceremony held on Monday in Balochistans oldest and largest university, Vice Chancellor Javeid Iqbal said that by starting the Chinese Study Center, we are opening a door to the platform of opportunities for youth and others, which would prepare them to contribute to Pak-China relations and Pakistans national development.

China is not only a great friend of Pakistan but also a great source of knowledge, guidance, prosperity, progress and development for Pakistan, said the vice-chancellor, adding that the study center would help Pakistani people better understand China and will improve people-to-people contacts between the two brotherly countries.

Zhao Lijian, minister counselor of the Chinese Embassy in Pakistan, said the embassy provided support to set up the center on the request of the university with a firm belief that it would become a beacon for both sides to understand each other.

It is the 17th China study center in Pakistan, which shows that Pakistani people have a keen interest to know about their old friend China and learn the Chinese language, said Zhao, who also announced that China will provide over 20,000 scholarships to Pakistani students in the next three years.

Focal Person of the study center Kaleem Ullah Mandokhail told Xinhua that 24 researchers have already joined the center for their researches, adding that they have published an advertisement in local media for the Chinese language course last week which received a great response from students, youngsters and especially from local businesspersons who want to start or improve their business connections with China.

Zainab Baloch, a graduate who also attended the inauguration ceremony, shared her excitement with Xinhua, saying that it is a great opportunity for her to learn the Chinese language from an authentic institute at her hometown after which she can play her role in CPEC.

(Xinhua)16:04, July 23, 2019

BEIJING, July 23 — Chinas Ministry of Commerce said Tuesday that it launched an anti-dumping investigation into imported n-Propanol (NPA) from the United States.

The investigation is expected to end before July 23, 2020, but may extend until Jan. 23, 2021, according to an online statement by the ministry.

NPA, which is formed naturally in small amounts during many fermentation processes, is used as a solvent in the pharmaceutical industry, mainly for resins and cellulose esters.