Wednesday, 25 November 2015

China automation industry issues group standards for robots

The China Association for Science and Technology published four standards for industrial robots-the first for China's robotics industry-at the World Robot Conference 2015 in Beijing. The three-day conference, which opened on Monday, was jointly hosted by the association, the Beijing municipal government and the Ministry of Industry and Information Technology to boost the development of the robotics industry in China.

"Technological innovation is the driving force in the development of the robotics industry, and standards play a crucial role in promoting new technologies," said Song Jun, head of the academic department of the association. "The standards themselves are an important achievement brought about by innovation."

"After publication, we will seek recognition of the standards to make them a common language for international technological exchanges," he said. The newly published standards apply to three different kinds of robots: stacking robots, wheeled robots and electronic belt scales.

At the publication ceremony on Tuesday, representatives from more than 20 leading robotics research institutes and industrial robot producers signed commitments that they will adopt the standards.

"The Chinese authorities related to industrial automation had been carrying out successive reforms in recent years, and the publication of the group standard is one of the most promising developments," said Yang Shuping, a researcher at the Beijing Research Institute of Automation for the Machinery Industry.

Group standards are a set of voluntary technical standards created by nongovernmental academic organizations that are thoroughly tested before being promulgated on a national scale.In July, the State Council, China's Cabinet, issued an implementation plan to transfer more government functions, including the establishment of some industry standards, to the China Association for Science, a public organization of 204 technological associations covering more than 70 percent of China's tech community.

In the months that followed, the association compiled standards for a number of cutting-edge technologies including industrial robots, electric cars and 3D printing.

"Group standards are a good supplement to national standards. Since the development cycle of group standards is usually fast, it responds quickly to market changes and can lay the groundwork for amendments to national standards," Yang said.

In September, the Standardization Administration of China authorized the establishment of a special team for standardization within the robotics industry. The team-composed of government officials and industrial experts from 56 different government authorities, research institutes and companies-will develop and propose the international standards.

Tuesday, 3 November 2015

Shanghai FTZ unveils new financial reforms


BEIJING - Liberalizing the capital account was the highlight of a number of new pilot measures that China's central bank announced for the Shanghai free trade zone on Friday.

The People's Bank of China said in a statement that individuals in the zone will be allowed to directly buy overseas assets, including businesses, stocks and real estate.

Chinese citizens currently can only make overseas investments through third parties including banks and securities firms.

China will also increase the exchange quota for its citizens in the zone. Currently, each one only has an exchange quota of $50,000 every year.

In addition, the zone will allow more institutions and individuals to buy securities and futures in the domestic and overseas markets.

The central bank did not give a timetable for the measures.

Lu Zhengwei, chief economist with Industrial Bank, said the moves indicate accelerated steps toward capital account liberalization and renminbi internationalization as China is seeking to include renminbi in a basket of reserve currencies by the IMF.

Zhu Ying, president of international business with Agricultural Bank of China's Shanghai branch, said the new policies will make it easier for both individuals and institutions to invest and raise funds across the border.

Top 10 biggest exporters of food to China

Appetite for imported food has been growing fast in the country as the increasingly wealthy population seeks more exotic eating, latest data showed.

China's food imports saw an annualized growth of 17.4 percent through the 2010-2014 period, Xinhua reported, citing data from the General Administration of Quality Supervision, Inspection and Quarantine.

The imports came from 213 countries and regions, with the top 10 exporters accounting for 84.3 percent of the total trade. Among all, ASEAN ranks as the number one source of food imports.

1. ASEAN
2. European Union
3. The US
4. New Zealand
5. Brazil
6. Canada
7. Russia
8. Australia
9. Argentina
10. Republic of Korea

Thursday, 15 October 2015

Top 10 most valuable privately held Chinese brands

The Hurun Research Institute has released a list of China's most valuable brands in 2015. Published annually since 2006, it assesses the value of 200 home-grown mainland brands based on economic statistics and consumer surveys.
 
Among them, 101 are privately held and 99 State-owned, while 170 saw their value increase. The total brand value reached $696 billion, up 36 percent year-on-year.
 
Tencent, China's largest and most popular Internet service portal was named most valuable Chinese brand this year, worth $44.7 billion. Taobao, the leading e-commerce platform in China, came second, worth $42.9 billion, overtaking China Mobile, Baidu and the Industrial and Commercial Bank of China. China Mobile ranked third, worth $42.7 billion.
 
No 1 Tencent
Brand value: $44.7 billion
Increase: 33 percent
Industry: IT
Headquarters: Guangdong province
 
No 2 Taobao.com
Brand value: $42.9 billion
Increase: 44 percent
Industry: E-commerce
Headquarters: Zhejiang province
 
No 3 Baidu
Brand value: $40.3 billion
Increase: 32 percent
Industry: Internet search engine
Headquarters: Beijing
 
No 4 Tmall.com
Brand value: $15.32 billion
Increase: 98 percent
Industry: E-commerce
Headquarters: Zhejiang province
 
No 5 Ping An Insurance (Group) Company of China
Brand value: $15.16 billion
Increase: 36 percent
Industry: Insurance
Headquarters: Guangdong province
 
No 6 JD.com
Brand value: $12.1 billion
Increase: 266 percent
Industry: E-commerce
Headquarters: Beijing
 
No 7 Wanda Group
Brand value: $8.87 billion
Increase: 67 percent
Industry: Real estate
Headquarters: Beijing
 
No 8 Xiaomi
Brand value: $7.26 billion
Increase: 525 percent
Industry: Mobile phones
Headquarters: Beijing
 
No 9 Alipay
Brand value: $5.32 billion
Increase: 27 percent
Industry: E-commerce
Headquarters: Zhejiang province
 
No 10 Midea
Brand value: $4.68 billion
Increase: 81 percent
Industry: Home appliances
Headquarters: Guangdong province

Top 10 overseas destinations of Chinese National Day holiday

More and more Chinese are traveling overseas and their enthusiasm has not been affected by the fluctuation of renminbi,the Chinese currency.
 
Ctrip, an online travel agency, has released a report on trips taken during the National Day holiday which started on Oct 1 and ended on Oct 7, 2015. Let us take a look at the top 10 destinations chosen by Chinese tourists.
 
No 1 Seoul, the Republic of Korea
No 2 Hong Kong, China
No 3 Bangkok, Thailand
No 4 Phuket Island, Thailand
No 5 Osaka, Japan
No 6 Taipei, China
No 7 Tokyo, Japan
No 8 Jeju Island, the Republic of Korea
No 9 Singapore
No 10 Bali, Indonesia

Top 10 most competitive economies

Switzerland has the most competitive economy, while the Chinese mainland ranks 28th, said the World Economic Forum in its latest report.
 
The Global Competitiveness Index 2015-2016 measures national competitiveness—defined as the set of institutions, policies and factors that determine the level of productivity. The recovery after the financial crisis has been less robust, more uncertain and taken longer than many expected, suggesting a "new normal" of subdued economic growth, lower productivity growth and high unemployment, noted the report.
 
"Competitiveness - understood as higher productivity – is a key driver of growth and resilience," said the WEF, calling for productivity enhancing reforms to break the slump. The Chinese mainland ranks 28th, same as last year, and trailing Israel and followed by Iceland.Here are the top 10 most competitive countries and regions compiled by the WEF.
 
1. Switzerland
Score: 5.8
Previous ranking: 1
 
2. Singapore
Score: 5.7
Previous ranking: 2
 
3. United States
Score: 5.6
Previous ranking: 3
 
4. Germany
Score: 5.5
Previous ranking: 5
 
5. Netherlands
Score: 5.5
Previous ranking: 8
 
6. Japan
Score: 5.5
Previous ranking: 6
 
7. Hong Kong SAR
Score: 5.5
Previous ranking: 7
 
8. Finland
Score: 5.5
Previous ranking: 4
 
9. Sweden
Score: 5.4
Previous ranking: 10
 
10. United Kingdom
Score: 5.4
Previous ranking: 9

Top 10 most popular online shopping sites in China

Global e-commerce sales are forecast to increase by more than 20 percent this year, surpassing $1.5 trillion. Even more significant is the growth predicted in the Asia-Pacific, which this year is set to topple the United States as the largest market in the world by sales revenue.Let's have a look at top 10 most popular shopping websites in China, according to a list released by 21cn.com.
 
No 1 TMall
A comprehensive e-commerce marketplace run by Alibaba, it hosts thousands of brands and sees more than 40 million daily visitors.
 
No 2 JD
The largest comprehensive online retailer sells products covering 12 main categories with tens of thousands of brands. Its main items include home electronic appliances, digital/communications, computer, household articles, clothing, maternal and baby care products, books, food and tourism products.
 
No 3 Amazon China
The China branch of Amazon, main products include books, audio & video and software.
 
No 4 Dangdang
Dangdang, which like Amazon began by selling books, has now become one of the leading comprehensive online retailers in China, with products ranging from books, audio & video, clothing maternal and baby care products to household articles and cosmetics.
 
No 5 51buy (Yixun)
Run and managed by Tencent, the owner of the hugely successful mobile text and voice messaging services WeChat and one of the largest Internet companies in China, 51buy is another leading comprehensive online retailer in China.
 
No 6 Yihaodian
An online grocery store selling food & beverage, cosmetic and skincare, kitchen cleaning, household articles, electronic appliances, maternal and baby care products and toys.
 
No 7 Vancl
Vancl, which had an incredibly successful run selling self-branded T-shirts before 2012, has now morphed into an e-commerce marketplace that hosts its own products as well as third-party brands.
 
No 8 Suning
Online version of a leading home electronic appliances retail chain store in China. It is also one of China's most influential online retailers for electrical, computer, peripherals, books and virtual goods.
 
No 9 Vipstore
A flash sale online store offering designer fashion brands and the only Chinese e-commerce startup successfully listed on NYSE
 
No 10 KMALL 
KMALL is a global online retail e-commerce provider that delivers products directly to consumers around the world. Founded in 2012, KMALL offers customers a convenient way to shop for a wide selection of lifestyle products at attractive prices through kmall360.com, and other websites, which are available in multiple languages. KMALL is owned by Info Tech Hong Kong.