Chinas cloud usage index more than doubles in 2019 report

(Xinhua)09:16, September 14, 2020

BEIJING, Sept. 13 (Xinhua) — The index for Chinas cloud usage surged 118 percent in 2019, which indicates that more traditional industries are moving their businesses online, according to a new report.

The report, released by Tencent Research Institute and Tencents cloud service qcloud, investigates the indices for the digitalization of Chinese cities and city clusters.

It found that industries such as automobiles, radio and television, and culture and tourism have seen their cloud usage index soar more than 400 percent as they start to move operations to the cloud.

The report also noted that cloud usage in the first half of 2020 was significantly higher than that of the same period last year, as digital applications such as remote working and online education stimulated the demand for cloud resources.

Over half of Chinese city clusters saw their digital industries grow more than 100 percent, with rapid digitalization in sectors such as education, health care and life services, the report showed.

Chinas Hainan free trade port begins construction on 151 projects

(Xinhua)09:20, September 14, 2020

HAIKOU, Sept. 13 (Xinhua) — South Chinas Hainan Province on Sunday started construction on a new batch of 151 projects, which are meant to advance the free trade port program.

With a total investment of 40.3 billion yuan (5.89 billion U.S. dollars), the projects include infrastructural facilities, first phase of an aircraft engine maintenance base in Haikou, the provincial capital, a high-end intelligent commodity manufacturing park in the Yangpu Economic Development Zone, and a yacht dock project in the tropical resort of Sanya.

By the end of this year, an investment of 8 billion yuan will be made in these projects.

On June 1, China released a master plan for the Hainan Free Trade Port, aiming to build the whole of Hainan Island into a globally influential high-level free trade port by the middle of the century.

Previously, the province had launched 221 projects in two groups, with a total investment of 77 billion yuan this year for building the free trade port.

China ups financial support for poverty relief

(Xinhua)09:21, September 14, 2020

BEIJING, Sept. 13 (Xinhua) — Chinese banking institutions have pooled their resources and increased financial support for the countrys battle against poverty amid COVID-19.

In the first eight months of this year, the Agricultural Development Bank of China, an agricultural policy bank, provided 351.1 billion yuan (about 51.3 billion U.S. dollars) in loans for poverty relief.

The figure was up by 71.75 percent, or 146.7 billion yuan, from the same period last year, according to the bank.

The Agricultural Bank of China (ABC), one of Chinas biggest commercial lenders, has stepped up credit support for 832 poverty-stricken counties nationwide.

The total outstanding lending amount reached 1.24 trillion yuan by the end of August, up by 151 billion yuan from the beginning of the year, said the ABC.

Chinas rural tourism rapidly recovering ministry

(Xinhua)09:23, September 14, 2020

LANZHOU, Sept. 13 (Xinhua) — Data from Chinas Ministry of Culture and Tourism shows that the number of tourists and total income of rural tourism in July and August have recovered to more than 90 percent of that of the same period in previous years.

Traveling to citys suburban areas has become the first choice for people to go out and have fun under the current situation, according to the ministry.

At a meeting on rural tourism held in Lanzhou, capital of Gansu Province, Hu Heping, the minister of culture and tourism, said that the rural tourism revenue dropped 77.1 percent year-on-year in the first quarter of this year, but the industry quickly recovered in the second quarter.

From January to August, a total of 1.207 billion trips to rural areas were made across the country, with a total revenue of 592.5 billion yuan (about 86.7 billion U.S. dollars), data shows.

About 94.5 percent of the business in rural tourism has returned to operation, hiring 10.61 million employees.

In 2019, the total number of trips to rural areas in China was 3.09 billion, accounting for more than half of the total domestic trips, and the total revenue of rural tourism was 1.81 trillion yuan.

Chinese deliveryman nicknamed father kangaroo for taking daughter on work rounds

(Peoples Daily Online)14:40, September 03, 2020

A Chinese deliveryman has earned the nickname father kangaroo” for taking his daughter, who suffers from cerebral palsy, along with him during work.

(Photo/Chutian Metropolis Daily)

Yang Bi, a deliveryman from Wuhan, central Chinas Hubei province, has been working in a logistics company for five years. His second baby was born just a few weeks ago, and since then he has taken Tongdong, his elder daughter with cerebral palsy, on his rounds.

Dad will take you for a ride right away, Yang Bi said to his daughter, placing a small wooden stool on the pedal of the electric motorcycle. Tongtong raised her head and looked at her father, showing a sweet smile, as her father put a helmet on her.

Tongtong, now 4 years and 9 months old, suffers from cerebral palsy, and is unable to talk or walk. Now, she has to spend all day with her courier father.

Her intelligence is equivalent to that of a 6-month-old baby, Yang Bi explained. But in his eyes, she will always be his favorite.

(Photo/Chutian Metropolis Daily)

Five and a half months after Tongtong was born, she was found to be stunted and later diagnosed with mild cerebral palsy. The doctor said in the best case scenario, she would be able to take care of herself. In order to achieve this goal, Tongtong basically spent the last four years in the hospital.

From Monday to Friday, she would have to undergo rehabilitation treatment in the hospital during the day, Yang explained. As the cost of treatment is a great burden on Yangs family, for the past five years, Yang Bi has worn his work uniform every day and has hardly bought any new clothes; his 34-year-old wife, who used to be a beautician, now hardly wears any cosmetics.

Residents of the communities where Yang works are quite tolerant and sympathetic to the little girl on the electric motorcycle, and Yang has become known to them as father kangaroo.

Chinas central bank vows to keep monetary policy consistent

(Xinhua)10:06, December 30, 2020

BEIJING, Dec. 29 (Xinhua) — China will implement a prudent monetary policy that is flexible, precise, reasonable and moderate, and keep it consistent, stable and sustainable, the central bank said.

In a statement released after a quarterly meeting of its monetary policy committee held Friday, the Peoples Bank of China (PBOC), the central bank, said that it will pay attention to the ideal timing, extent and impact of policies and maintain the necessary support for economic recovery.

The PBOC will use a variety of monetary tools to ensure liquidity at a reasonable and ample level and keep the growth of money supply and social financing basically in line with nominal economic growth and maintain a basically stable macro leverage ratio, according to the statement.

It also vowed further monetary support for the real economy, stressing more financial aid for small and micro firms as well as those involved in technological innovation and green development.

The central bank pledged to promote high-level two-way financial opening and improve its management and risk control capabilities.

China to further cut crude steel output for carbon neutrality goal

(Xinhua)10:48, December 30, 2020

BEIJING, Dec. 29 (Xinhua) — China will resolutely cut the output of crude steel and ensure it falls year on year in 2021, a senior official said on Tuesday.

Efforts will be made to promote low-carbon industrial development and green manufacturing next year, said Minister of Industry and Information Technology Xiao Yaqing at a work conference.

China previously announced that it will strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060.

In recent years, China has taken solid steps to cut overcapacity, particularly in the energy-consuming steel sector.

During the 13th Five-Year Plan period (2016-2020), China met its target of reducing steel output by 150 million tonnes ahead of schedule. Energy consumption per unit of industrial output by Chinas designated large enterprises also saw a remarkable drop, according to the conference.

China to stabilize, optimize industrial and supply chains in 2021 MIIT

(Xinhua)10:53, December 30, 2020

BEIJING, Dec. 29 (Xinhua) — China will pool its strength to stabilize and optimize the industrial and supply chains next year, according to the Ministry of Industry and Information Technology (MIIT).

More efforts will be made to monitor and evaluate the safety of key industrial and supply chains, strengthen the supply chains in the manufacturing industry and tackle weak links, said Xiao Yaqing, minister of the MIIT at a working conference held from Monday to Tuesday in Beijing.

He called for achieving breakthroughs in core technologies, speeding up the digital transformation of the manufacturing sector and enhancing the flexibility and resilience of the industrial and supply chains.

The country will make efforts to build more independent and controllable industrial and supply chains, as the security and stability of these chains is the foundation of forming a new development paradigm, according to the meeting.

E-commerce brings Salvadoran coffee, Chinese consumers closer amid pandemic

(Xinhua)11:10, December 30, 2020

SAN SALVADOR, Dec. 29 (Xinhua) — At Christmas time, coffee pickers at El Salvadors mountaintop coffee plantations are busy filling baskets with the bright red berries used to produce the Central American countrys famed gourmet brew.

This Decembers harvest is of particular significance, for it could prompt the first online sales of gourmet coffee to Chinese consumers, as part of an e-commerce strategy he promoted throughout the year, said coffee consultant and businessman Hugo Hernandez.

During the COVID-19 lockdown, Hernandez worked to connect Salvadoran producers with Chinese e-commerce companies to scale up trade between the two markets.

This totally historical and atypical time has allowed us to reinvent ourselves and to learn more, Hernandez told Xinhua. Surely, without the pandemic, many of us would have continued in the traditional way. Now we see that things are being made easier.

His idea is to make the most of Salvadoran coffee in China and the countrys booming online retail sales. As of June this year, the number of Chinese consumers online reached 749 million, or 79.7 percent of the countrys total internet users, according to a report by the China Internet Network Information Center.

During the Singles Day in November, the Chinese version of Black Friday, Alibabas e-commerce platform Tmall registered as many as 583,000 orders in a single second, according to the company.

China is developing this world-renowned technology that is making life easier for countries in the way we do business, in logistics, in the entire issue of payments, in the issue of export, and in, of course, the two-way information, Hernandez said.

Coffee is El Salvadors star agricultural product, with more than 24,000 producers of the beans, most of them small coffee growers with plots of up to 7.5 hectares.

While the Central American country might be eclipsed by others with larger production volumes, such as Colombia or Brazil, it specializes in premium coffee and has won over consumers on continents, said Hernandez.

Salvadoran producers now seek to attract young Chinese consumers, especially urbanites in Shanghai or Beijing who has gotten accustomed to online shopping via their smartphones.

The young are very dynamic, very active, using social networks, using technology, which is where we want to participate to promote coffee, Hernandez said.

Salvadoran coffee exports to the Chinese market increased since the two countries established diplomatic relations in August 2018, raising Chinas ranking to one of its important destination markets for the aromatic bean.

Armando Fontan, manager of the family-owned business Les Fontan, located on mountains of the Ataco town in western El Salvador, believed it is now the right time to seek Chinese online buyers.

We are presented with opportunities that are just around the corner, which 10 or 15 years ago did not exist, Fontan told Xinhua.

Major direct investments by China will contribute to South African Economic Development report

By WangLei (Peoples Daily Online)13:11, December 30, 2020

Major direct investments by China are welcomed and will contribute to the economic development of South Africa, according to a report jointly released by Longyuan South Africa Renewables and South African think tank Price Metrics (Pty) Ltd.

The report, Foreign Direct Investment in South Africa by Chinese and Other Investors, outlines and analyses the level, structure and trends in Chinese direct and other investments in South Africa from 2001 to 2019, as well as reviews implications of the current level and structure of foreign investment in South Africa, including major opportunities and risks for Chinese investors.

According to the report, most foreign investment in South Africa is portfolio investment in its debt and equity markets reflecting the country鈥檚 sophisticated, large, liquid, and well-regulated financial markets.

The report listed several advantages for Chinese investors to invest in South Africa, such as its status as Africa鈥檚 second largest economy (after Nigeria), the most diversified economy on the continent, its abundant natural resources, and particularly its mineral wealth and large presence of multinational companies, many of whom view South Africa as their headquarters in Africa.

The risks come along with some challenges.

Institutional changes, constraints on electricity supply for energy intensive businesses, relatively high costs of labor and inflexible labor market regulations, restrictive Black Economic Empowerment regulations affecting procurement of locally made products and services, a general low economic growth environment in the next few years, as well as the rand exchange rate are some risks for Chinese investors.

The report concluded that Chinese investment in South Africa is under-represented and provides many opportunities for investors.

The report is part of Research on Risks and Issues of Chinese State-owned Companies under the South African Investment Environment, conducted by Longyuan SA Renewables, a subsidiary of China Energy and China Longyuan, and PriceMetrics, who are also working on Research on Broadening Corporate Brand Influence and Better Fulfilling Corporate Social Responsibility.

Both researches are expected to be completed before April 2021. The reports will guide Chinese investors in SA to better invest in SA, as well as better fulfill their social responsibility in SA.