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Analysts say the shift from old to new will help China transition from rapid growth to a more sustainable, high-quality growth pattern, but it also has big implications for foreign companies investing in China and for industries worldwide. Simply put, heavy industries such as coal, cement, glass and steel - the backbone of China's economic growth for decades - are on the slide, while service-oriented industries such as healthcare, financial services, tourism and education, as well as those related to the Internet and alternative energies, are on the rise.
Yet experts say foreign investors in China need to recognize these varying speeds of growth to form realistic expectations. The two-speed economy is a reality of that process, according to Fang Jian, managing partner in China for Linklaters, the London-based law firm. For example, newly industrialized countries such as South Africa and Brazil have not, for decades, left what the World Bank defines as the middle-income range. To find new ways to grow the economy, he says, China should rely more on domestic consumption, which the country can realistically achieve because its savings rates are almost 50 percent.
Dehn also says China should take this structural shift as an opportunity to find new competitiveness for its manufacturing industry, using innovation and large-scale domestic consumption as key advantages. These incremental innovations mostly focus on products tailored to consumer needs, are more flexible and ultimately less risky compared with Western innovation leaders such as Apple, "where engineers go into hibernation for three years and then produce a brand new product".
In the past, SOEs have been a key driver for the Chinese economy, but going forward private firms could become the key force, he says. To ensure economic reforms are effective, China should allow market forces to take effect, and should further develop its laws to encourage private-sector development, as sometimes standard processes like getting an operation license can be difficult, Hui says.
In addition, it is important for the Chinese government to set a more level playing field for Western firms in its domestic market, to create faster-growing industries, as many Western firms are leading the way in service sectors. The country has already made tremendous efforts to liberalize its capital account, such as with the qualified foreign institutional investor program and qualified domestic institutional investors program, allowing investment capital to flow in and out of China more freely. At the same time, there are other questions to be answered, he says, such as how to push for further internationalization of the renminbi, and how to reduce the exchange rate differential between onshore and offshore renminbi. For example, turmoil like the kind experienced by China's stock market in the summer could be made less severe if more long-term-thinking institutional investors were encouraged to join the market, which is currently dominated by retail investors with a herd instinct, he says. One example, he adds, is the rule that companies can autonomously decide to stop trading stocks for a period of time, which poses a liquidity problem for institutional investors and could be an area ripe for reform.
China's manufacturing strength created a major growth story for the kettle control system maker Strix, based on the Isle of Man, but the company has had to refine its strategies in China as the country undergoes an economic structural shift.
The way Strix has pushed for technology advancement and intellectual property protection in recent years is a demonstration of how foreign firms are adjusting to China's diminishing advantage in low-cost manufacturing while also coping with increased domestic demand there. Strix used the Guangzhou factory for manufacturing plastic molded components and assembling control systems, while the Isle of Man factory continued to make high-precision metal components shipped to China for inclusion in the assembly. Although this number may not seem large, in the scheme of things it could be significant for companies that are considering moving their manufacturing to China because the cost of relocation and startup is also high. But for Strix, one big justification for continuing to manufacture in China is the size of the Chinese consumer market for kettles, now the biggest kettle market in the world. To respond to these issues at a national level, China requires a new form of two-speed economy. This is also an essential condition for China to promote mass entrepreneurship and innovation, another economic transition policy. A quantitative measure (such as GDP growth rate) is obviously not sufficient to evaluate and foresee a transitional nation's growth power. This phenomenon has resulted in an upstream move for the Chinese expertise and specialization to markets that encompass new economies, and reflect on aspects of service industries and intellectual property. The long-term significance of such development is that China can be seen as a credible destination for manufacturing products that require advanced quality control and assurance as well as delivery to assembly lines based on just-in-time principles. China's 11th Five-Year Plan (2006-10) and 12th Five-Year Plan (2011-15) provided a blueprint for continued reform that prioritized overall sustainable development, aiming to provide this inclusive economic growth conceptualized as scientific development for an optimally efficient, market-driven approach. China's unprecedented growth has created a huge market for trade and investment, has rapidly changed the landscape of global competition and has made China susceptible to world economic uncertainty.
Inevitably, new industrial sectors embracing innovation, research and development, services and outward investment offer a base for sustainable economic growth that is superior when compared with the old industries. For art lovers the story is familiar enough: Master painter is found dead, paintbrush in hand.
For Qianlong, these marks were regal seals that proclaimed him head curator of China's art; beyond that though they were messages on a more intimate and personal level. He spared no effort to bring the masterpieces within the confines of the Forbidden City, the royal abode for successive Qing emperors. For Qianlong, the custodianship of the world's most fabulous art collection carried a special responsibility: he was expected to be able to differentiate between the masterpieces in his possession and their numerous copies and fakes. Yet Qianlong, not unlike his grandfather, the open-minded Emperor Kangxi, also drew on the services of foreign missionary artists who had adopted the three-point perspective in painting. Imitation may be the sincerest form of flattery, but when that consists of stealing the very creativity that puts food on an artist's table, it is inevitable that he or she is going to devise a way to stop it happening. And this movement, for want of a better word, found a forceful advocate in Zhaoji, or Emperor Huizong (1082-1135), the eighth ruler of the Song Dynasty, whose artistic achievements tower over some of the best-known artists in Chinese history.
Huizong perfectly fits the bill that Yang Danxia, Zhang's colleague at the Palace Museum, offers for a literati painter.
Natural scenery was often preferred, partly because it required less training to paint mountains and rivers than it does for other genres, portraiture for example. Maxwell Hearn, chairman of the Department of Asian Art at the Metropolitan Museum of Art, says: "What is striking to me is that the educated elite of China has, since Song times, practiced painting and calligraphy as related forms of self-expression.
Further complicating the picture is that there was never a set style for literati painting.


Yin Jinan, an art historian and professor at the Central Academy of Art in Beijing, has suggested a new way for making such delineations. Yang cites as an example Tang Yin (1470-1524), a renowned literati painter who studied for years under a professional painter. Brautigam, widely regarded as the world's leading expert on the China-Africa relationship, was speaking in the lobby of the Crowne Plaza Hotel in Johannesburg's Rosebank district ahead of the Second Summit of the Forum on China-Africa Cooperation, or FOCAC.
Her latest book is the first since The Dragon's Gift: The Real Story of China in Africa, in 2009, which itself was a minor publishing hit. Brautigam, highly engaging and with a ready wit, says she got the idea for her current book while spending a year as a visiting fellow at the International Food Policy Research Center in Washington in 2012. Brautigam, originally from Madison, Wisconsin, did British studies for her first degree at Ohio Wesleyan University, from where she graduated summa cum laude.
At Fletcher School of Law and Diplomacy at Tufts University in Massachusetts, she emerged as a China scholar but began to fuse this with Africa when she focused on China's foreign aid programs in Africa for her PhD dissertation. It was a fortuitous decision since the subject of China and Africa soon emerged from an academic backwater to one of major international interest. Two hundred years ago an 18-year-old woman named Mary Wollstonecraft Shelley, who would eventually give birth to four children - long since returned to dust and all but forgotten to humanity - conceived of her most famous offspring, one whose name endures to this day: Frankenstein.
That translates to a compliant, reliable helpmate that Hiroshi Ishiguro Laboratories says could become a "a common communication medium for everyday life", and a snip at just $110,000, less than a 10th of what Ishiguro asks for to be parted with his other humanoid android creations.
Geminoid F's moves are remotely controlled, and researchers say the goal is to create perfect artificial intelligence in her, the kind that, for example, will help her understand what people are saying even in, say, a very noisy bar.
The ultimate, of course, would be for Geminoid F to be so multi-talented that she is indistinguishable from her human siblings, not only able to walk and talk just like us, but to understand our words and our world, to be familiar with our habits and schedules and give reminders, and, yes, to be able to offer solace to us when it comes to matters sentimental. Chumenwenwen, founded by a former Google scientist, Li Zhifei, is a 3-year-old artificial intelligence company in Beijing that has produced voice-controlled search software similar to the highly advanced software used by the search engine Google Now.
For example, if you speak to the application on a mobile phone, saying the Chinese equivalent of "I want to go to Yonghegong by taxi", within seconds the search engine will switch to a ride-hailing application, on which your starting point and destination are registered. Chumenwenwen has worked with the makers of up to 100 applications including Didi, the ride-hailing app, the group-buying Internet sites Dianping and Alibaba's Taobao to provide data for the search engine. The robots, the size of 2-year-old child, will be a small companion for children, helping them improve English pronunciation and to do homework, such as correcting writing and analyzing questions. Sodhi says the robots can recognize children's emotions from facial expressions when, for example, they return from school. There is a demand not only for robotic assistants that can help with the humdrum issues of life, but for those that "want" to solve emotional problems, because they have been taught to understand human emotions and can ease mental and emotional burdens with the help of their friendly, reassuring and non-judgmental synthesized voice. If all this sounds extremely fanciful, the fact that it is not far from reality can be gauged any day in the wee hours when more than 50,000 Chinese are likely to be engaged in conversation with Microsoft's chatbot Xiaobing online.
One day recently Xiaobing was spotted asking for advice on Weibo about what pet she should keep, and for Beijingers suffering from heavy smog, she helpfully told them that if she coughed while she was talking it meant they were in for continuing smog for a couple of days. So natural does some of what she utters seem - including consoling you and offering help if you tell her a relationship you were in has broken up - that some skeptics have questioned whether she really is a robot. If you ask Xiaobing a question, she will look for similar questions from Bing's big data and pick up from answers given online one that she "feels" most fits the context. Online Google has a chatbot available whose thought banks have been inculcated using an artificial neural network feeding from dialogues from movies. But for the moment in China, Xiaobing seems to take the cake with her down-at-home advice to those looking for a shoulder to cry on. It is generally only a matter of time before the villains, put on the back foot by the latest piece of crime detection equipment, manage to up the ante and get hold of the equipment themselves, thus setting the forces of good into a search for something even better.
Police became aware early on that some kind of heist was afoot, but it took them months of scouring through real-time video to break the case, and by that time a lot of money had flown out of many accounts. Zhao, who formerly worked on the Google Glass project, says a camera system his company markets can analyze the nature of human movement and send out an alert if, for example, someone has fallen or there is some kind of commotion.
One of DeepGlint Technology's client banks has about 30,000 monitoring cameras in one district of Beijing alone, he says, but the bank has only six employees to watch about 30 screens that carry real-time video from these cameras. For example, when cash is being added to an automatic teller machine, two or more employees from a bank are required to do the job together, and if only one employee is doing it the camera detects the discrepancy and issues a warning to security staff. Cameras can also recognize, for example, hand gestures that bank staff give signaling that a robbery is taking place. Zhao says several state-owned banks have worked with the company for about six months, and in terms of criminal acts the slate remains clean.
The system has commercial applications, too, being used, for example, in shopping malls to help analyze the movements of shoppers and what they are buying, and in museums to determine which exhibits attract the most attention. Another system based on visual recognition that DeepGlint Technology has developed monitors motor vehicle traffic. The country's waste-treatment plants produce thousands of metric tons of sewage sludge every day, but a lack of funding for advanced processing means illegal dumping is rife and poses a potential safety threat to farmland and water sources.
The remaining 90 percent is either partially dried or piled in the open in the company's yards, emitting a fetid odor and posing a contamination risk for underground water sources. Of the three leading processes, the most-effective and most-recommended method is to remove the toxic contaminants and make the sludge suitable for use as soil in public gardens and parks. This year, a survey by the Ministry of Housing and Urban-Rural Development found that 56 percent of the country's sewage sludge is treated to eradicate toxic elements, and make it suitable for use as fuel or compost, or for burial. The current treatment rate is far too low to allow local governments to achieve the targets set by the State Council in the 12th Five-Year Plan, which aimed for the proportion of sludge rendered harmless in major cities to rise to 70 percent by the end of the year, from 25 percent in 2010.
Cao said more than half of China's provinces have slow, unwieldy treatment processes, which makes it impossible for them to reach the targets. In addition, although the investment targets for sewage-processing facilities have been met, investment in sewage-sludge treatment lags far behind, indicating the governments' lack of awareness of sludge management, Cao said.
After complex processing, sewage sludge can be made into compost suitable for use in public gardens, but there are no direct or smooth sales channels. For more details and e-wallet funding options if you’d prefer not to use your credit card, please visit the how to fund online casinos page. Once you’ve completed the sign-up process you will have a number of options to start gambling. These strings usually take on the form of a minimum amount of wagering before you can make a withdrawal from your online casino account. While China's growing consumption may be providing a large market for service-oriented companies, countries that rely on exports of commodities to China for growth may need to fundamentally adjust their long-term strategies.


For example, the industry is increasing its use of big data, the Internet, automation and technology. This year, during high-level discussions on China's 13th Five-Year Plan, the nation's blueprint for growth between 2016 and 2020 that will be finalized in March, the government said it had a target to double GDP between 2010 and 2020. For example, the retail sector is registering 11 percent year-on-year growth, according to official data.
This model of growth coincided with the debt-fueled demand for goods by many Western countries. This gives them the economies of scale that allow them to lower unit cost for products and helps to establish a low and competitive cost base. However, to make this shift, he says it is important for China to push reforms of state-owned enterprises and encourage the growth of private-sector companies. We have to constantly innovate and come up with better methods for doings things with lower costs to stay ahead of competition in the market," says Paul Howard-Snowden, a director at Strix.
So instead of supplying European customers directly, Strix had to form new relationships with Chinese OEM companies. Also, rising labor costs in China continue to squeeze profit margins, which presents a big challenge for Strix when combined with falling prices.
Strong demand for these skilled workers in China also means they are tough to find, Howard-Snowden says. This trend has made life difficult for everyone in the supply chain, including Strix, the Chinese OEM producers, and kettle brands. Some industries will suffer and decline - steel, for example - while others will be boosted on the back of domestic demand, innovation, government policy and regulation. An integrative index for the quantity and quality of a dynamically changing structured two-speed economy is called for. China has acted as a catalyst for many countries that have emerged as serious destinations in outsourcing and supply chain activities, thus creating a parallel force of competition within the region.
The key benefits for China and other emerging economies to work together to combat climate change and to promote sustainable development are threefold: climate-responsible production methods, compliance with international treaty obligations, and global and regional leadership for emissions reduction. After all, to work until one's last breath is a natural choice for someone who has given one's life in the service of his muse.
The museum staged a grand exhibition under that title from September until early last month that featured a total of nearly 300 paintings and works of calligraphy, all drawn from the catalogue. Having designated a special building in the Forbidden City to house it, Qianlong treated the work more as a piece of religious iconography than a mere art treasure, Zhang says.
When it was put on view at the Shiqu baoji show this year, 170,000 people viewed the painting, some waiting in line for six hours for little more than a scant glimpse. Colors were giving way to black ink and a detail-obsessed style to a freer, less arduous one. While the tiny square of scarlet red formed a delectable contrast with the inky brushworks, it also helped the painter to announce himself, and the buyers to recognize his painting.
Similarly, within seconds of a voiced request such as "I want a cup of coffee for less than 50 yuan" or "I want to see a movie", a list of possibilities will either flash up on the screen or the voice embodied in the mobile device will give you some advice. Sodhi started the artificial intelligence company two years ago, before which he worked in enterprise security division for Oracle Corporation in Beijing. Xiaobing made her debut there last year before apparently locking herself in her bedroom for a year, a sulking fit brought on by a commercial dispute between WeChat's owner Tencent and Xiaobing's parents, Microsoft.
Telling you who the main character was in the blockbuster film trilogy Star Wars (Luke Skywalker) is a cinch for it and it will tell you whether cats can fly or not, in case you did not know, but its big strength is said to be its ability to pontificate about philosophy and life. Users can get it to search for informations either by talking to it or by typing, and each time users call on its services, details about them and their preferences are stored in Duer's memory banks. Intelligent cameras obviate the need for human monitors, who are prone to quickly become tired and ineffective, he says. According to E20's annual report for 2014, only 10 percent of the sewage sludge was composted for use in public gardens. However, by 2013, only 8 billion yuan had been invested in the construction of sludge-treatment facilities, accounting for less than 25 percent of the planned investment, far too little to finance any positive development. Your online casino account allows you to deposit money, withdraw winnings and basically keep track of your activity on the casino. Reputable online casinos generally have exceptional security measures including 128 bit encryption to ensure your personal data is kept safely.
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The country's resulting trade surplus, widening gap between savings, and large foreign currency reserves increase the pressure to strengthen the domestic market and demand. What makes this particularly remarkable is that Qian, also a much-celebrated poet and essayist, had long championed the view that true artists should not be influenced in their creative work intent to pander, and that their works certainly should not be traded for money.
And on rare occasions, professional painters with little education, Qiu Ying, for example, produced works that amounted to visual poetry.
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Having been captured by invaders from the north, he suffered humiliation for nearly 10 years and eventually died in enemy territory when he was 53. She worked on the movie for weeks, and unlike some top actors who can be highly temperamental and demanding on the set, worked, by all accounts, without a murmur of complaint.



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