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Monthly Archives: April 2019

nd the winter sports industry in China? And what

Winter sports are relatively new to China and not played by

many Chinese people. In recent years, the Chinese winter sports team particip

ated in some individual events in the 2016 World Short Track Speed Skating Championships in Seoul and

the 2018 Winter Games in Pyeongchang, the Republic of Korea, and won some medals, including gold medals.

The development of winter sports in China suffers from reg

ional imbalance, with people in the northeastern region being

the most avid fans and practitioners of winter sports.

But after winning the bid to host the 2022 Winter Games, especially s

ince the issuing of a guideline that aims to prompt 300 million people to play winter sports by 20

22, the development of winter sports and the winter sports industry has gathered pace in China.

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ledges at forum draw overseas experts’ praise

The international community has hailed President Xi Jinping’s call on Friday to ease mar

ket access for foreign capital and increase imports so that opening-up reaches a higher level.

Xi said in his keynote speech at the opening ceremony of the

Second Belt and Road Forum for International Cooperation in Beijing that the purpose of bu

ilding the Belt and Road is to achieve win-win cooperation and common development.

China will increase its imports of goods and services and will further lower its tariff rates, Xi said.

Francis Chua, chairman emeritus of the Philippine Chamber of Comm

erce and Industry, noted Xi’s emphasis on quality imports and state-of-the-art products.

“China will keep its commitments,” said Chua, who was attending the forum as a member of the Philippine business delegation.

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Only in this way can the development be sustainable,

Zhonghao Overseas Construction Engineering Co, a Beijing-based private company established in 2001, has been drill

ing wells in countries involved in the Belt and Road Initiative, including in Algeria, Ghana, Kenya, Nigeria and Uganda.

Tian Chao, president of the company, said those projects have provid

ed jobs for local people, solved their water problems and helped balance foreign exchange.

“The projects are platforms for more influential good things that we can do for those countries,” he said.

The company said it has drilled about 10,000 wells in 275 projects in those countries, with a total c

ontract value of $510 million. The wells ensure that more than 20 million African people can drink clean water, Tian said.

At present, the company employs around 200 Chinese in Africa, with an average age of 30. The company has been inve

sting in projects that are beneficial to local communities in Africa, with the help of Beijing’s Foreign Affairs Office.

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Chen Zhongjie, general manager of Hongdong Fishe

a company based in Fujian province, said that as a private fishery company, it is difficult for it to o

btain loans for investing overseas, and his knowledge about overseas markets is limited.

Sinosure’s insurance services have helped Hongdong obtain financing and accelerated Hongdo

ng’s construction of a whole industrial chain fishery plant in Mauritania, where infrastructure was very poor.

“Chinese companies do invest in the fishing industry overseas, but ev

erybody faces different situations, including differences in policies, regulations and cul

tures,” Chen said. “Sinosure has given us a lot of information about investment destinations. Its insurance services have increas

ed our credit and helped us obtain financing from banks, which in turn has helped ensure the success of our project.”

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A total of about $786 million was poured into the

project, 95 percent of it provided by China through preferential and b

uyers’ loans. China Export and Credit Insurance Corporation, a State-funded policy-oriented i

nsurance company, provided insurance services for the project, which helped the local government sacure $680 milli

on in business loans from Chinese banks, greatly reducing pressure on the project’s financing.

Mozambique’s President, Filipe Jacinto Nyusi, had long nursed ambitions of one day seeing a bridge lin

king Maputo city center and Katembe, and when it was finally opened in November he said it wou

ld greatly facilitate transport and connectivity between Mozambique and other parts of Africa.

Wang said the bridge will give great economic stimulus to Katembe, long underdeveloped because of its poor tran

sport access. It also eases demographic pressures on Maputo, a city with a population of 1.7 million.

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I think the Belt and Road Initiative is very good . Five

pillars of the initiative are important. The most and best (part) of it, I think, is connectiv

ity and inter-culture exchange, sustainable development agenda, and knowledge transfer.

China is the biggest market in the world. We have enough resources in our country. We want our p

roduct get access to the market and we also want to live in good infrastructure, such as roads, railw

ays, schools, hospitals. I also hope knowledge of China come to our country. We have sea access, and good infra

structure can help our country and neighboring countries get access to the Maritime Silk Road.

China has become the second-largest investor of our count

ry in the past 10 years. It’s investing infrastructure, mining

and agriculture. We have Confucius Institute, facilitate Chinese and Portuguese learning. The Belt and Road

Initiative helps Mozambique boost its industrialization, technology and finance.

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Wang Zhiguo, chairman and president of Shenzhen

 Skyworth-RGB Electronic, a subsidiary of Skyworth Group, said the express helped reduce logistics time by more than 66 percent.

Enticed by the growing influence of China Railway Express on China-Europe trade, more compa

nies have signed agreements with Chengdu to conduct import-export logistics and production capacity coop

eration with Europe. They’ve also reached cooperative intention with local companies in bonded processing and logistics.

That includes electronics giant TCL Corp, Lenovo Group, the world’s

largest manufacturer of personal computers, and AVIC Chengdu Aircraft Industrial Co Ltd.

The production of Skyworth, TCL and electronics company Dell in Chengdu also saw significant growth.

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The Belt and Road Initiative aims to build the Silk R

oad Economic Belt and the 21st Century Maritime Silk Road and deliver policies, infrastructu

re, trade, financial and people-to-people connectivity via a new platform for a brighter future.

Tesla Inc lost $700 million in the first quarter but predicted it wou

ld return to profit in the third quarter as it cuts costs an

d improves delivery after facing issues ramping up shipments outside the United States.

Shares of Tesla were about flat after the results, which came more than an hour afte

r they were expected and after a sales contraction in the quarter raised investor concerns.

The company, which many analysts predict will need to raise

funds for its expansion, said it ended its first quarter wi

th $2.2 billion in cash after paying off a $920 million convertible bond obligation in March.

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There is some merit to raising capital,” said Chief Exec

cutive Elon Musk on a call discussing the results. “It’s probably about the right time.”

He also said he would prefer Tesla to be private but “that ship has sailed.”

The company which is ramping up production of its Model 3 electric sedan, the vehicle Tesla sees as the key to future succ

ess, stood by its 2019 delivery forecast of 360,000 to 400,000 vehicles and said it may produce as many as 50

0,000 vehicles if its factory in Shanghai reaches volume production in the fourth quarter.

Tesla said it would make a loss in its second quarter but predicted a return to profit in the third.

Musk said that global deliveries were “the most difficult logistics problem” he had ever seen.

Haris Anwar, senior analyst a financial markets platform Investing.com, called guida

nce for the second quarter “bleak”. “I continue to see a very volatile 2019 for Tesla and its shares,” Anwar said.

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The drinking water source enforcement app integra

tes satellite remote sensing images, water environment problems spotted by satellite, water protection zone bound

ary’s spatial data, water environment problems found by provinces and cities themselves and law enfo

rcement data at the scene, and sends environmental problem lists to law enforcers at the scene to guide their work.

The app was used during the nationwide inspection on water sources i

n 2018 and the law enforcement during water sources inspection at county level this year.

Meng Zhiqi, a law enforcer with the water ecology and environment department of Shang

hai bureau of ecology and environment, has witnessed the app’s ability. “We received

a message from a work team of the Ministry of Ecology and Environment, saying there was an illegal shrimp farming house with a chimney deep

inside a water resource conservation forest, but my colleagues and I didn’t know how to get there. Later, we fo

llowed the map provided by the app and demolished the house within 24 hours,” said Meng.

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