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After shipping its products to China from the US for a decade, the company now is seeking opportunities to invest in China to build a manufacturing plant.
InSinkErator operates in cooperation with local governments, including Shanghai, Beijing, Chengdu and Nanjing, to promote its products, which can help lower transportation costs, reduce pollution and increase the garbage recycling rate. He said China contributed 15 percent to InSinkErator's global sales and the company will not only continue to expand its sales network in China's first- and second-tier cities, but also enhance its installation and after-sales services in more than 200 Chinese cities. The companies resubmitted the $43 billion transaction to the government panel that reviews acquisitions of US businesses by foreign investors, said the people, who asked not to be named because the process is confidential.
The Committee on Foreign Investment in the US, which can recommend to the president that transactions be blocked if they allegedly pose a risk to national security, has a maximum of 75 days to complete reviews.
Syngenta, which got more than a quarter of its revenue last year from seeds and crop protection in North America, would help transform State-owned ChemChina into the world's biggest supplier of pesticides and agrochemicals. The companies haven't said whether they hit resistance from the panel over possible security risks or need more time to negotiate changes to the deal to resolve any concerns.
ChemChina and Syngenta also haven't divulged when they refiled with the committee, which could also clear the deal without changes. Investigations by CFIUS, which is led by the US Treasury Department and includes officials from the Defense, State and Homeland Security departments, are confidential. Ren Jianxin (center), chairman of China National Chemical Corp, listens while Michel Demare, president of Swiss agrochemicals maker Syngenta AG, addresses the annual news conference as at the company's headquarters in Basel, Switzerland, in February.
Uber Technologies Inc announced on Wednesday a new business initiative focusing on providing ride-hailing services to China's increasingly affluent tourists, a move to grab more market share from local rival Didi Chuxing. The United States-based tech giant said it will leverage its global presence and partners around the world to offer Chinese tourists a seamless traveling experience. According to Liu, the tourism industry can serve as the best gateway to tap into the ride-hailing demand in China as the industry contributed to more than 10 percent of China's GDP. Uber also announced on Wednesday its first batch of partners for the initiative named Uber+Travel.
Uber, which entered China about one and half years ago, said Chinese users had completed nearly 1 million trips via the app in countries outside China in the first five months this year. Wang Xiaofeng, an analyst at Forrester Research Inc, said it is an effective strategy for Uber to win users by tapping into the needs of tourists. Uber, which has a plan to expand its service in 100 cities in China, said it has launched its service in 60 Chinese cities so far. Emil Michael, chief business officer of Uber, said the company has completed more trips in China than in its home market-the United States. Alibaba Group Holding Ltd said that its revenue growth will accelerate this fiscal year as China's largest e-commerce company provided its first financial forecast since going public in 2014.
The company predicted sales will rise at least 48 percent in the year ending March 2017 as it pushes into new markets and businesses beyond e-commerce. Sales should rise more than 36 percent this year if revenue from Lazada and streaming video service Youku Tudou Inc are excluded, Chief Financial Officer Maggie Wu said at an investor conference on Tuesday. The guidance reflects how Alibaba is moving into untapped rural markets, exploring business abroad and investing in new sources of income from online media to cloud computing. The company, which is trying to counter the impact of a slowing economy, bought Youku Tudou to expand into online video and Lazada to gain a foothold in Southeast Asia.
Alibaba's decision to release financial guidance comes after the US Securities Exchange Commission began looking into its accounting practices. The company is cooperating with the probe, which encompasses data reported from the company's Singles Day promotion on Nov 11, Alibaba's biggest shopping day, as well as how it consolidates results from affiliates such as logistics partner Zhejiang Cainiao Supply Chain Management Co. Chairman Jack Ma said in November that times would be tough in the following 15 months and that many companies would fail as China tried to rebalance its economy. Jack Ma, chairman of Alibaba Group Holding Ltd, speaks at the e-commerce conglomerate's Singles Day promotion party in Beijing. MSCI said that it would retain the option to include the A shares as part of its next market classification review in 2017.
The MSCI decision means A shares, or stocks in the Shanghai and Shenzhen bourses that are denominated in yuan, won't be included in the widely used emerging markets index, which has about $1.5 trillion of assets benchmarked to it.
Chinese stocks now listed on MSCI's emerging market index are all traded in either Hong Kong or in the United States.
In June 2015, MSCI rejected the Chinese shares, citing uncertainty about who actually owns them and how easily investors can withdraw their money from Chinese investments. Earlier this year, China's stock exchanges published rules that restrict arbitrary trading suspensions for Chinese stocks.
Qi Bin, an official with the China Securities Regulatory Commission, said improvements to the trading-halt system were part of the Chinese government's efforts to facilitate MSCI inclusion. Briand acknowledged that "there have been significant steps toward the eventual inclusion of China's A shares in the MSCI Emerging Markets Index".
The CBRC has written detailed rules specifying the principles, policies, standards and procedures for the approval of the establishment of private banks.
China has been steadily promoting the entry of private capital into the banking sector through multiple channels, such as initiating the establishment of small and medium-sized banking institutions.
Statistics from the CBRC show that at the end of March, private capital took a 46 percent stake in joint-equity commercial banks, increasing from 39 percent in 2011. The share of private capital exceeded 50 percent in city commercial banks and reached nearly 90 percent in rural cooperative financial institutions. In front of the vegetable counters in the Carrefour Shenyang Wenhualu store, a couple of school kids are choosing some sticks of celery very carefully, a process which is making quite an impression with adults in the supermarket.
This year the Carrefour Foundation decided to sponsor 7 million yuan ($1.1 million) for the project.
She said the project is designed to become a bridge for better understanding between farmers and the young generation. As a result, a Carrefour store, a school and a farm will build a close relationship and a partnership. As part of the project, Carrefour will invite students to visit one of its stores, with the aim of increasing children's know-how about food safety and nutrition.
So far, 19 Carrefour stores have been involved in the project, and another 11 stores will take part in 2016. Schoolchildren choose vegetables at Carrefour Wenhualu store in Shenyang, Liaoning province.
The game played in the Fengyi Town School in Maoxian county in Sichuan province was unusual because there were five South Korean girls in the group. His school has benefited from the CJ Dream-Sharing Music Classroom Project launched by the group. Set up in 1953, the group is a South Korean conglomerate holding company headquartered in Seoul. In 2012, CJ Group and the China Friendship Foundation for Peace and Development jointly launched a fund to invest in the CJ Dream-Sharing Music Classroom Project in China.
The project focuses on decorating music classrooms, donation of music equipment to schools and arranging the arrival of South Korean entertainment stars to teach students songs and dance in schools.
Since then, the project has benefited 12 schools in Beijing and Hubei, Shandong and Sichuan provinces with some 5,000 students.
The beneficiaries of the project are primarily schools in less-developed areas and schools with orphans. Na Young, their leader, said that they were moved by the students because the students aimed high and loved life despite hardships. Visiting the Fengyi Town School on Wednesday, Zhao Ping, president of the Sichuan Provincial People's Association for Friendship with Foreign Countries, thanked the South Koreans for helping the school.
It is hoped that their kindness would serve as a role model for others to help Sichuan alleviate poverty, he said.
Nasdaq-listed JD teamed up recently with a Beijing-based charity organization, launching a virtual store that allows online shoppers to buy directly from the handicapped. The online store, which is the first of its kind in China, uses an innovative model of "internet plus public welfare" to make doing good deeds much simpler and more convenient.
Li Xi, vice-president of JD, said via the power of internet, the company hopes to encourage all of society to help handicapped people. According to the Beijing-based JD, the online shop named Mengwuque, which can be directly translated into "dream without drawbacks", has already launched more than 1,000 items online.
Most of the items are products made by handicapped people, including some exquisite embroidery work done by people who were badly injured in the Wenchuan earthquake in Sichuan province in 2008.
Dream One, the charitable organization that partnered with JD in the online store, has high hopes for the innovative effort. Xu Yongguang, a co-founder of Dream One, described the innovative effort with JD as "cross-industry cooperation" in the internet era.
Xin Lijun, vice-president of JD, said he hopes the e-commerce company can provide a trustworthy platform for handicapped people to showcase and sell their crafts and help their dreams come true.
A total of 35 poverty-stricken patients with eye diseases were provided free full preoperative examinations by the staff at Alex Eye Hospital. Actress Zhou Xun and actor Wu Lei visited a medical and recovery institution for orphaned and disabled children in Beijing on May 24, using online broadcasting to promote charity work. Staff of the China Children and Teenagers' Foundation visited children in Ya'an, southwestern China's Sichuan province in late May, bringing gifts. The China Children's and Teen-agers' "Summer Fund" was established on April 27 to raise public awareness of children with leukemia, according to donor Wang Hairong. Shanghai's first breast milk bank was started at the Children's Hospital of Shanghai on June 5, providing free nutrition for premature and sick infants.
More than 1,000 people participated in charity trek in Anshun, southwestern China's Guizhou province, on June 3, to celebrate the World Environment Day and raise awareness of nature protection. In less than 24 years, Shanghai Zhenhua Heavy Industry Co Ltd has developed into the world's largest port machinery manufacturer. The Shanghai-listed company has already made its mark in the automated terminal sector as it is currently constructing the automated terminal project of Qingdao Port and the fourth phase of the Yangshan Deep-water Port in Shanghai. In addition, the nation's first automated container terminal built by ZPMC at Xiamen Ocean Gate Container Terminal is under trial operation. Furthermore, the company also received orders for automated terminals from Rotterdam World Gateway in the Netherlands and the Italian port of Vado Ligure, while 36 sets of port equipment went into service at the automated Long Beach Container Terminal in California in the United States in April.
The firm's first order from Hamburg terminal CTA in 2000 for four cranes is regarded by Song as a landmark of the company. ZPMC's reputation hit a peak during Premier Li Keqiang's trip to the China (Shanghai) Pilot Free Trade Zone in November 2015.
Midea will launch the takeover offer to all shareholders of the leading global supplier of intelligent automation solutions, according to a Reuters report, which cited sources in Kuka. Spokesmen for the Chinese group would not comment on the report, saying a statement would be made after a takeover bid is formally announced. Sources in Midea said earlier that the company, based in Foshan, Guangdong province, an industrial and economic powerhouse in South China, planned to expand its stake in Kuka to above 30 percent.
That would make it the biggest shareholder, ahead of Germany's Voith GmbH, a maker of industrial equipment. However, according to German business newspaper Handelsblatt, Midea is only seeking a 49 percent stake in Kuka. Midea sources reportedly said that the company decided mount the takeover bid for Kuka during a board general meeting on June 6.
Fang also said the takeover was in line with the company's expansion in the international investment market, after the company bought an 80.1 percent stake in Japanese home appliances maker Toshiba Corp's white goods business.
The German industrial robot maker will assess a possible takeover bid from a European company, but it would be wrong to assume such an offer would take priority over the bid from Midea, according to earlier Reuters reports, citing sources close to Kuka chief executive.
Industrial giant Siemens AG has no interest in becoming a white knight for Kuka, according to the Reuters report. China National Chemical Corp (ChemChina) and New Hope Group Co Ltd are among the potential suitors, and have asked to turn in their first-round offers by next week, people familiar with the matter said. China Resources Enterprise Ltd and the investment firm Bain Capital LLC are also showing interest in bids which would total $2 billion, said the sources, who preferred to be anonymous. ChemChina and New Hope did not answer emails and the US fast-food company also declined to comment, calling it a "speculation". McDonald's is understood to have been looking since March for partners of its franchise rights to localize itself more in the Chinese mainland, Hong Kong and South Korea. The globe's biggest hamburger chain is overhauling its shareholding structure in Asia to achieve an international turnaround plan rolled out last year.
Xiao Yujia, an expert on food and catering at China Investment Corp, said foreign fast-food chain operators are being forced to invite more investment in the world's most populous country due to fierce competition. In 2015 total sales from Chinese food companies hit 3 trillion yuan ($456 billion), up 11.7 percent from a year earlier, and the figure is expected to expand to 5 trillion yuan by 2020 with a growth rate of 10 percent each year. ChemChina - a chemical giant which focuses on six major sectors such as chemical materials, crude oil processing, rubber products, agricultural and chemical equipment - is not a new comer to the food market.
The state-owned company created a fast-food chain, Malan Noodle, to solve the employment problem for the company's employee's families. Ren Jianxin, chairman of the Beijing-based company, said the name Malan commemorated the untimely death of his mother, surnamed Ma. ChemChina is deep in an overseas shopping frenzy, with several planned acquisitions in the current year. It announced in February that it would to pay more than $43 billion to acquire Swiss agrochemical and seed producer Syngenta AG, the biggest ever deal made by a Chinese company. The move came as the country's online smartphone sales has hit a ceiling and as Xiaomi grapples with declining shipments and mounting competition from rivals such as Oppo Electronics Corp. Lei Jun, CEO and founder of Xiaomi, said so far more than two-thirds of the company's smartphones have been sold through e-commerce platforms and the company's official website. Xiaomi and China Unicom will also expand their cooperation beyond handsets to a wide range of products, such as Xiaomi TV, routers and air purifiers.


The move fits into China Unicom's broad efforts to transform its abundant bricks-and-mortar assets into a big retailing platform of various electronic products, Xiong added. As China's smartphone market is reaching saturation point, a number of vendors are banking on bricks-and-mortar retailers to spur their growth. CK Lu, principal analyst at consulting firm Gartner Inc, said China Unicom's sprawling offline resources gave Xiaomi a ticket to enter into low-tier cities, which are dominated by its rivals Oppo Electronics Corp and vivo Mobile Communication Technology Co Ltd. In the first quarter of this year, Oppo and vivo made their way into the world's top-five ranking of smartphone vendors for the first time, pushing out Xiaomi and Lenovo. According to Counterpoint Technology Market Research, telecom operators' retail channels account for 30 percent of China's total smartphone sales, while e-commerce sites contribute another 30 percent, with the rest managed by professional electronic retail stores. James Yan, a Beijing-based analyst at Counterpoint, said partnering with China Unicom will help Xiaomi quickly boost smartphone sales, but won't necessarily deliver good profits.
Of course, there has been market talk about plans to replicate her modus operandi and there could be hundreds of Papi Jiang, her online moniker, soon. While I watched Jiang talking in rapid-fire Mandarin and Shanghainese occasionally peppered with English phrases and vulgarities, I began to see her business potential that has attracted millions in venture capital and advertising. But I doubt if the wildly popular one-woman show, followed by close to 12 million fans on Sina Weibo alone, could be mass produced like a blogger cum shopping guide, a hot occupation created by the booming Chinese internet celebrity economy.
A netizen in Yichang, Hubei province, watches videos of Jiang Yilei, the most famous Chinese video blogger. If these qualities are not salient enough, think about Jiang as a skilled and resilient director with undergraduate and graduate studies completed at the prestigious Central Academy of Drama.
I wish there could be more internet hosts like Jiang who accumulated fans by producing original, compelling content.
Most Chinese internet stars, better known as wanghong, are models, former beauty pageant winners or nice-looking rich young women who promote consumer products like clothes and cosmetics to their fans on social media and their blogs. There is a general pattern for wanghong to cultivate a following and become opinion leaders of consumers. The rise of the e-commerce celebrity marketing, to the tune of 58 billion yuan ($8.81 billion) in 2016, has also spawned advertising companies that specialize in the training and promotion of wanghong who aspire for lucrative advertising and sales deals. As the grooming process is standardized, some such companies boast they can launch a full-fledged wanghong, complete with a reasonably sized fan base and marketing capabilities, in three months. Investors have already treated Jiang's low-cost show as another tech startup, with projections on its business model, markets and profitability. Audiences have considered it a self-parody when Jiang ends every video by saying "I'm Papi Jiang, a woman who combines beauty and talent". China is likely to maintain its growth in the entertainment and media industries, a report from accounting firm PwC showed. Coal production declined sharply in May as measures to cut capacity began to take effect, official data showed. Automakers in China will face greater pressure on their profit margins as the market slows and competition increases, ratings agency Fitch Ratings Ltd said on Tuesday. China topped Dubai's trading partners with bilateral trade totaling 39 billion dirham ($10.6 billion) in the first quarter of 2016, Dubai Customs said. China was the second-largest destination for Argentina's fish and seafood exports in the first quarter of 2016. The central parity rate of the Chinese currency renminbi, or the yuan, weakened 210 basis points to 6.6001 against the dollar on Wednesday, according to the China Foreign Exchange Trading System.
Baidu Inc, China's biggest internet search engine, cut its revenue forecast for the second quarter, saying regulatory restrictions cut advertising from drug companies and other healthcare groups. German carmaker Mercedes-Benz will recall 6,302 vehicles in the Chinese mainland over defective hood locks, China's quality watchdog said on Tuesday.
Japan's major automaker Nissan Motor Co Ltd announced on Tuesday that it is developing a fuel cell system for vehicles to run on bio-ethanol electric power, the first time for the fuel to be used in motor vehicles. Resale prices for Singapore's non-landed private residential flats inched up 0.4 percent in May month-on-month, according to estimates released by Singapore Real Estate Exchange on Tuesday. New Zealand's current account deficit shrank in the quarter ending March as overseas visitors upped their spending and foreign investors saw smaller returns, the government statistics agency said on Wednesday. The new president of Brazil's central bank, Ilan Goldfajn, said that he will seek to fight inflation and focus on the "macroeconomic tripod," namely fluctuating exchange rates, fiscal responsibility and controlled inflation. Visitors look at an interactive experience technology product at a retail sales expo in Hong Kong.
These devices, such as pulse oximeters, sleep monitors and blood pressure monitors, are designed for family use. Established in 1996, the company's sales revenue reached 4.5 billion yuan ($680 million) in 2015.
The company's business strategy focuses on technical innovation and continuing to strengthen research and development capabilities. In 2014, it implemented an equity incentive plan for 70 key members engaged in scientific research, to stimulate their creativity and vigor.
By 2020, the scale of our talent will double, and the core members will increase to 800 or 1,000," he said. The State Council, China's cabinet, issued in February a guideline on developing the TCM during the period of 2016-2030. Tianjin Chase Sun Pharmaceuticals has established industry clusters in a number of fields, including raw materials production, Chinese herbal medicine planting, modernized TCM preparation, TCM formula granules, synthetic drugs, medical apparatus, wearable medical products, and internet-based therapy.
Moreover, since the company was listed on the Shenzhen Stock Exchange in 2009, it has stepped up the pace of mergers and acquisitions to enter into more fields. Last year, it bought Beijing Choice Electronic Tech Co Ltd, a medical monitoring equipment manufacturer, for 1.57 billion yuan, to tap into the wearable medical equipment field. As the $5.5-billion Shanghai Disneyland opens on Thursday, The Walt Disney Co has a challenge. As Li settles on the living room floor for 15 minutes of cartoons before homework and bed, Disney doesn't get a look-in this time, as his favorite animated hero, Ultraman Ace from the hit Japanese series, does battle with space dinosaurs. And as the number of competing theme parks in China soars, it will become even harder to win the hearts of Chinese children - and open the wallets of their parents - to fuel long-term traffic after the turnstiles start clicking from Thursday.
A local tourist poses for a photo with figures from animation movie Toy Story at Shanghai Disneyland. That's not helped by a ban on imported cartoons during the late afternoon "golden hour" peak viewing time for children.
China's attitude to Disney is ambivalent, reflecting a clash between nationalistic sentiment and the desire for American-style consumption among the growing middle class. DreamWorks Animation SKG Inc's $2.4-billion DreamCenter and Six Flags Entertainment Corp's park slated to open in 2019 are among Disney's US competitors. Domestic rivals include Haichang Ocean Park Holdings, which plans to open the nation's biggest marine park next year, and billionaire developer Wang Jianlin's Dalian Wanda Group, which aims to unveil 15 in China by 2020 and five overseas. Disney did not immediately respond to request for comment, but it is betting on its years of experience running the world's most successful parks, supported by its suite of movies, TV shows and merchandise. It will not want to repeat its experience in Hong Kong, where its smaller park lost HK$3.8 billion ($490 million) from 2008 to 2011, according to its Hong Kong government partner. For its first foray into the Chinese mainland market, the company has tailored the new park to local tastes.
Out goes "Main Street", the idealized smalltown America at the heart of its other parks, and in comes a large garden featuring Disney's take on the Chinese zodiac. Some characters also appear to have had a makeover, said New Boston-based Jim Hill, who writes a Disney fan blog. Ultraman fan Li was among the more than 1 million people to visit the park during its "soft opening", and he voiced a familiar complaint - waiting time for the rides.
Pudong Shangri-La, which is only a 30-minute drive from Shanghai Disneyland, provides a special package that includes, among other things, park tickets and 100-yuan ($15) transportation allowance.
Similarly, Kerry Hotel Pudong, which is only a 20-minute drive from the park, has a partnership with Disney Resort to sell tickets at its Disney Ticket Counter, offering exclusive shuttle service to the resort. Even though luxury hotel Waldorf Astoria Shanghai on the Bund does not have any specific offer for Disneyland, it has started to offer their summer sales with 25 percent discount from June 1. Budget hotels and mid- to high-end hotels adjacent to the park have seen their room rates double in the run-up to the park's opening, according to online travel agency Qunar Cayman Islands Ltd. Disney movies including The Lion King and Frozen are popular in China, but Shanghai Disneyland plans to create a stronger connection to Chinese consumers.
Despite a sharp slowdown in growth, China's economy still is one of the world's best performers, and tourism spending is rising. Total visitor numbers to theme parks are forecast to more than double to 282 million in 2019 from 133 million in 2014, according to Euromonitor International, a research company. The company behind Mickey Mouse is part of a rush of global brands in industries from autos to mobile phones that are rolling out products designed for increasingly prosperous Chinese consumers at a time of weak sales growth in other markets. To appeal to Chinese visitors, Disney added a teahouse and other China-themed elements to its latest park.
In a garden leading to its iconic castle, Disney created the "Garden of the 12 Friends" using characters such as Remy from Ratatouille and Tigger from Winnie the Pooh to represent animals of the Chinese zodiac.
Attracted by the global footprint of Chinese companies and their growing need to look after their international workforce, International SOS Pte Ltd, the world's leading provider of medical assistance, emergency services, evacuation and repatriation services, is optimistic about expansion in China.
China, as International SOS' 5th largest market, is also one of its two fastest-growing markets along with the United States.
Vaissie said that developing business with Chinese clients is different from his experience in the West. Apple introduced a new app on Monday named Swift Playgrounds for iPad that helps users learn and explore coding in Swift, the same language used to create apps for the App Store. Swift Playgrounds includes Apple-developed programming lessons where students write code to guide on-screen characters through an immersive graphical world, solving puzzles and mastering challenges as they learn core coding concepts. An started to learn coding when he went to the university and he said encouraging young generations to approach coding at an early age will stimulate kids and generate new ideas. An and eight other Chinese students - along with another 342 students and STEM (science, technology, engineering and mathematics) organization members listed by Apple as award winners of the WWDC Scholarships - attended this year's WWDC event. Applicants for the award had to submit an application that demonstrated usage of Apple technologies, such as a school project, or software available in an App Store.
Zhou Rui, a Chinese scholarship winner in Grade 10 at a New York state high school, said that Swift Playgrounds will enable new generations to program interactively and will be much easier than previous coding languages.
Zhou also said he had seen computer programming clubs in Chinese high schools and he was looking forward to seeing more activities undertaken by them. Yan Li, another attendee who is a senior iOS software engineer at EF Learning Labs, expressed optimism about the future of China's app developers.
After the tests, conducted by the China Railway Test & Certification Centre, the wheels will go into mass production.
Established in the 1950s and located in Ma'anshan in eastern China's Anhui province, Masteel was the birthplace of the first train wheel production line in China in 1964 and enjoys about a 50 percent share of the domestic train wheel market.
Masteel signed an agreement in 2008 with the Ministry of Railways, which is now called China Railway Corporation, to localize manufacturing of wheels for high-speed trains. Gao Haijian, president of the group, said that developing the high-speed wheels has been time-consuming with great challenges, especially when the country's steel sector has been deeply trapped in overcapacity difficulties in recent years.
With the rapid development of China's high-speed railways, both at home and abroad, Masteel is aiming to seize a significant market share in the emerging and rapidly developing markets with the set-to-be-launched wheels, according to Su. He also said the company's first axles for high-speed trains will be ready for field tests by the end of the year. State-owned China National Cereals, Oils and Foodstuffs Corp has set a target of sourcing up to 50 million metric tons of grain from overseas markets by 2020 to further ensure China's grain security, its Chairman Zhao Shuanglian said on Tuesday. The country's biggest food trader also set goals to be able to process 30 million tons of corn, 20 million tons of soybean, 10 million tons of rice and wheat, as well as 5 million tons of sugar by the end of 13th Five-Year Plan (2016-20). The term "ABCD" refers to the companies that currently dominate global grain trading, serving as middlemen between farmers that grow crops and buyers such as food producers. Zhao said COFCO will focus on acquiring or merging with firms that can help solve food shortages at home and further improve its capability in maritime transportation, as well as the entire supply chain services in seed, pesticide and fertilizer businesses over the next five years. Oilseeds, such as soybean and rapeseed, and feedstuff will be the company's main focus, because China's grain inventory is already at historic highs, including an estimated 250 million tons of corn after 12 consecutive years of increased production. COFCO's prime target markets are the South and North Americas, and areas along the Black Sea in Europe.
COFCO has more than 10,000 employees from more than 70 countries and regions working in various overseas markets, mainly in Asia, Latin America and Europe. Zhao said COFCO is keen to play a bigger role in China's agricultural sector supply-side reform. The supply-side reform includes a series of policies to improve the manufacturing and agricultural sectors, public services, environmental protection, quality and scale of production and further opening up of Chinese markets for foreign investors. COFCO announced in March it had taken full control of Noble Agri Ltd, after buying the remaining 49 percent of the company still owned by Noble Group, the Hong Kong-based global supply chain manager.
The surge was partly driven by China National Chemical Corp's planned $46.4 billion acquisition of Swiss pesticide giant Syngenta AG. Other key drivers behind the growth include a shift in the Chinese economy from export-driven manufacturing to one driven by technology, industrial know-how and consumption.
The deals are facilitated by a supportive M&A financing environment along with overall monetary easing and a strategic imperative to execute overseas acquisitions. The recent M&A wave includes companies with a broader sector focus, domestic private equity firms and A-share listed companies, not just the energy- and resource-focused State-owned enterprises that were active earlier. The number of deals with a transaction value greater than $1 billion increased from two in 2005 to 28 over the 12 months ended April 2016. Top- and second-tier cities including Beijing, Shanghai and Xiamen have already offered subsidies to their residents for building less-polluting home waste treatment facilities. The bid comes amid a record wave of Chinese investment that has prompted US officials to consider claims that some of the acquisitions could threaten national security.
The list includes several travel services providers from HNA Group, parent company of Chinese carrier Hainan Airlines, to online travel agency Qunar Cayman Islands Ltd.
And its non-Chinese users had completed 3 million trips in 24 cities when traveling in China between January and May.
Alibaba had excluded Cainiao from its results to comply with GAAP accounting rules, Wu said. That means the world's second-largest economy makes up only about one-fourth of the benchmark index, while projected full inclusion of A shares would bring that ratio to more than one-third. Chinese officials have been pushing for the inclusion of A shares, seeing it as another step in the assimilation of China into the global financial marketplace.


He also cited freer money transfers allowed by the foreign exchange regulator and greater recognition of beneficiary ownership. The market niche for these private banks includes internet finance and supply chain finance, depending on the backgrounds of their major shareholders and local government support. As of March 31, total assets of the five private banks reached 95.94 billion yuan ($15 billion), up 21 percent from the beginning of this year. I have learned a lot about food safety and how to eat healthy," said Zhai Siyuan, a 10-year boy at Shenyang Wenhualu Primary School. He and his 39 classmates took part in the "One Store, One School, One Farm" event which was launched on May 24 in Shenyang, capital of Liaoning province.
According to the plan, 100 Carrefour stores nationwide will join hands with schools and farms to participate in the project for three years. And that is why we launched the project," said Kong Lingxin, Carrefour's northeast territory public affairs director. The kids will learn about farmers' attempts at advancing their agricultural techniques and the quality of their products. The fruit and vegetables that they plant can be brought to Carrefour stores, if they are up to quality standards.
It is helpful for increasing their knowledge about food safety," said You Yingjie, moral education director of Shenyang Wenhualu Primary School. Ninety-five percent of the students in the Fengyi Town School are from the Qiang ethnic group. It operates businesses in various sectors, including food and food service, biotechnology, entertainment and media and logistics. Students in the schools seldom get a chance to meet people from the outside world and so enjoy interacting with the South Korean stars.
Many of them face challenges in getting jobs, leading to the low income for their families.
After the examination, 22 of them required cataract surgery, which was provided free by the hospital. During the live broadcast, Wu and Zhou shared lots of details and tips based on their visit with the audience. This was a return visit to the libraries and classrooms they helped to build after an earthquake struck the region three years ago.
The fund will donate three million yuan ($456,000) for the treatment of underprivileged children with leukemia within three years. Healthy mothers, including expats, who have given birth within the previous six months are encouraged to apply to be volunteer donors.
The 12-kilometer journey aimed to raise funds for the Water Cellar for Mothers: Green Village project, which has coordinated environmental management schemes in rural areas across China since 2014.
Its plan for the next decade is to make automated container terminals a new growth engine of the company. Through remote control, intelligent container terminals will have better performance and lower operational costs than traditional ones. The development of automated terminals will be able to combine ZPMC's existing core business of steel cranes and related services with more diversified development," he said. For more than two decades, ZPMC has kept allotting more than 3 percent of its revenue to its R&D department which now has expanded to more than 2,000.
The premier encouraged the group to realize breakthroughs and marketing promotion in automated port technology and grasp the opportunity of the national plan "Made in China 2025" issued to upgrade the country's industry.
The voluntary takeover offer will reportedly be conducted by Midea's affiliate MECCA International Ltd, at 115 euros ($129) in cash per share. Launched in 2015, it aimed to upgrade the group's manufacturing competencies and develop more smart home devices, said Midea Chairman and CEO Paul Fang. The company has targeted adding another 1,500 outlets in the three regions over the next five years.
Equipped with a large battery and a 13-megapixel rear-camera, the new phone will go on sale for 899 yuan ($136) through China Unicom's 30,000 offline stores and more than 230,000 bricks-and-mortar retailing partners. Its major rival Lenovo Group Ltd also pledged more efforts to expand its offline retailing presence, which its senior Vice-President Chen Xudong called the key to surviving intense competition. In a self-deprecating manner, she pokes fun at everyday topics ranging from dating woes to family relationships to social trends.
While Jiang chose a messy living room as the setting of her videos, she is said to be meticulous about her production, with lots of time spent on script writing and rehearsal. Some start by sharing selfies and posting or re-posting witty comments that appeal to like-minded readers. While many wanghong eventually end up as shop owners on a major e-commerce site, Jiang has announced that she will launch PapiTube that like YouTube, allows users to upload and share video clips online. But everybody is most concerned about the sustainability of Jiang's satirical and spicy videos, which could be a key competitive strength of her proposed video site. Now they might take it more as battle cry of a determined, entrepreneurial young woman who wants to take the wanghong business to next level.
China will see annual growth in passenger vehicle sales slow to 5 percent over the next five years, due to the economic slowdown and restrictive policies on car purchases and usage in big cities.
Argentina's fish and seafood exports to China in this period were worth $77 million, accounting for 16 percent of the total, the report by Argentine consulting firm Sectorial Economic Research said.
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day.
The affected vehicles are the imported Smart series, manufactured between May 12, 2015 and Oct 2, 2015, the General Administration of Quality Supervision, Inspection and Quarantine said in a statement. The "e-Bio Fuel-Cell" generates electricity through the solid oxide fuel cell power generator using bio-ethanol stored in the vehicle, said Nissan. In a ceremony at the central bank headquarters in Brazil, Goldfajn officially took up the post and said that the institution's main mission was to ensure stability by bringing inflation under control. The three-day show, due to close on Thursday, highlights the latest retail sales technology, design and equipment. Wu Fen, president of the company, said that future focus will be on further developing medical wearables. As of the beginning of this year, it had total assets valued at 6.4 billion yuan and a market value of 15 billion yuan, with more than 5,400 employees.
Ten percent of its annual sales revenue is used for supporting the innovation team and for hiring senior talent. We have attracted a batch of top talent to join our company through this mechanism," Wu added.
According to the plan, the output of the TCM industry will account for 30 percent of the nation's overall pharmaceutical industry. The hold of rival Asian characters such as China's homegrown Boonie Bears or Big Big Wolf means seven-year-olds like Li Yixuan have less time for Mickey Mouse and Friends. He predicted China's theme park market will overtake the United States in the "not too distant future".
About 2,500 parks are planned in China, including Japanese brand Hello Kitty, and there is already a Dwarf Empire in Yunnan province.
It hired a retired PLA general to direct its Tarzan show at the park, and a Mandarin-language version of the Lion King musical makes its debut at the opening ceremony. At 390 hectares, the site has two hotels, a lake and the biggest and most interactive Disney castle yet.
Mickey and Minnie Mouse are "softer and rounder", he said, making them appear more similar to popular Chinese characters. So, people travelling to Shanghai to visit the park can take advantage of that, said Fabio Berto, director of the hotel's business development department.
According to Shanghai Hong Que Information Technology Co Ltd, an information provider on hotel, catering and conference industries, Shanghai Disneyland will boost occupancy rates of local hotels by at least 5 percent in the second half of this year. Ever since the project was approved by the central government, housing prices in Chuansha area, where the theme park is located, have surged by more than three times to the 33,178 yuan per square meter, according to housing agent Lianjia. Analysts from CITIC Securities wrote in a note Shanghai Disneyland is likely to generate at least 20 billion yuan in sales for the local retail industry, among which jewelry, premium shopping segments and department stores will benefit the most.
We will be happy to see a 15 to 20 percent growth per year in revenue in the same period," said Arnaud Vaissie, co-founder, chairman and CEO, on Monday. The first is the Chinese government's policies, such as the Belt and Road Initiative that encourage companies to expand internationally.
But the 98 Chinese customers now account for 30 percent of its China business, with the rest from multinational firms. In China, the company now has 30 locations, including six clinics that are joint ventures with Raffles Medical Group, one 24-hour assistance center, two dedicated aircraft, 700 employees and 700 partnered service providers. Chinese clients are more centralized with more reporting to multiple management levels; while in the US, business decisions are more driven by the final users. In the first four months this year, the wheel maker sold 32,400 tons of train wheels, down about 20 percent from the same period of last year.
In April, Masteel started construction of its first train axle production line, which will have a capacity of producing 40,000 axles for multiple types of trains annually. The groups are ADM Co, Bunge Ltd and Cargill Inc from the United States and the Netherlands-based Louis Dreyfus SAS.
Exports of edible oil will increase, while soybeans will increasingly be used as animal feed to boost pork, beef, fish and milk output," said Ding Lixin, a researcher at the Chinese Academy of Agricultural Sciences in Beijing.
The report found that China's outbound M&A priorities evolved to focus on technology and consumption-focused sectors. Regulators have also taken significant steps to relax the approval process for Chinese buyers seeking outbound acquisitions. The source of funding may involve a diverse array of parties, including government investment vehicles, trust structures, equity syndicates and lesser-known private equity funds, according to the report.
Shenzhen also stipulated that all new residential buildings must be equipped with garbage disposals to further cut the volume of food waste.
The number of non-bank financial institutions, excluding trust companies, of which private capital took a controlling or participating share was 78, accounting for 25 percent of the total. The project plans to choose a Carrefour store, a school and a farm to help establish links between children and farmers. It will also help poor and orphan children in rural areas, as well as promoting the youngsters' knowledge of food safety and nutrition. The CJ Group in South Korea decorated our music classroom and donated the multimedia music teaching equipment," said headmaster Chen Luhua. Liu Xiaoqiong, CEO of the hospital, said that Alex Eye hospital had already completed more than 8,000 such free operations. In order to reduce the spread of bacteria, they suggested people wash their hands and change shoes when visiting the children, because most are still recovering from surgery.
The organizers stated that HELLO Kids initiative, launched by CCTF in 2015, is a charity project for impoverished children and those whose parents left them at home to work in cities with paying jobs.
On International Childrens' day, celebrated on June 1, the fund sent gifts to children with leukemia at Peking University First Hospital. In early April, media regulators ordered her videos to be taken offline because of her use of "swearing and insulting language".
Many other famous internet bloggers have taken the path of a shopping guide to monetize their fans' love. Output cumulatively decreased by 8.4 percent in the first five months compared with the same period last year.
Demand from smaller cities will be the major growth catalyst, while sport utility vehicles will continue to gain market share from sedans.
Spain was the top export destination, accounting for $112 million and 23 percent of the total exports. The automaker said the locking device may become loose when moving at high speed, which could cause the vehicle's hood to open. Hydrogen is produced from 100 percent ethanol or ethanol-blended water in the fuel tank of vehicle, then mixed with oxygen in atmosphere to produce electricity. Less income earned from foreign investment in New Zealand was the main driver in the fall in the primary income deficit, with falls in both direct and portfolio investment income. Sales revenue is expected to reach 5 billion yuan in 2016, up from 260 million yuan in 2009, according to Wu. But the real increase will depend on the neighboring transportation and life support facilities," said Zhao Baogen, senior analyst at Lianjia. The company's Chinese revenue grew by 23 percent year-on-year in its last financial year ending June and the trend is expected to continue, according to its CEO.
Second, more and more Chinese companies are at the forefront of international business so they need to ensure the security and well-being of their employees working overseas.
Consistent with this shift, the targets of M&As moved from resource-abundant countries to developed countries that house companies with best-in-class capabilities and technologies.
During the visit, the officials presented 200 HELLO Kids packages to a primary school in a local village. E&M has become a significant segment of China's tertiary sector, a new economic driver that has been on the rise. China became Dubai's biggest trading partner in 2014, when it surpassed India for the first time with bilateral trade hitting 175 billion dirham.
On resale volume, an estimated 840 non-landed private residential units were resold in May, up 35.7 percent compared with the 619 units resold last month. Transportation and infrastructure talent will also be in high demand as more roads are very likely to be built to connect the theme park with many other transportation hubs," said Kang Yi, vice president of multinational human resources company FESCO Adecco. International SOS has 98 Chinese clients, 35 of which were new last year, including Bank of China Ltd, UnionPay and Huawei Technologies Co Ltd. Each package contained 18 daily necessities and post-disaster illness prevention medicines. Basic information about the donor, the consent form, and blood test and bacteriological data will be kept on file for 30 years, the hospital said. Its clients also include government agencies, such as the Ministry of Foreign Affairs, the Ministry of Culture and the PLA Navy.



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