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News from China
Valentino joins other luxury brands on Tmall to woo younger digital-savvy consumers
24th April 2018

 Valentino became the latest luxury brand to launch a pop-up shop on Tmall as luxury brands are embracing digital channels to woo a new generation of younger consumers born in the 1990s.  

 
These young consumers are increasingly turning into digital shoppers who are adopting new technologies and online channels to search and buy products catering to their tastes and interests. 
 
Sales of luxury goods in China hit 142 billion yuan (US$22.2 billion) last year, up 20 percent year on year — the biggest growth since 2011, according to a Bain & Co report earlier this year. 
 
Online giants are therefore eager to tap into this young market by integrating online and offline resources to offer individualized shopping to consumers. 
 
On Tmall, post-90s consumers make up 45 percent of the overall luxury market and the online shopping site aims to serve as many as 100 million luxury buyers over the next three years. 
 
Valentino joined Burberry, Givenchy, Hugo Boss, La Mer, Maserati, LVMH-owned Guerlain and Zenith among the brands that have joined the Tmall Luxury Pavillion.
 
JD's independent shopping app, TopLife, which it launched earlier this month hosts brands such as La Perla, Emporio Armani and Rimowa. 
 
JD said it hopes to leverage its retail capabilities through both online and offline channels to empower brands and help them stay closer to the digital generation. 
 
Source: Shanghai Daily, April 24, 2018
Chinese scientists find nanomaterial could reduce lead levels in rice
23rd April 2018

 

 
Chinese scientists have discovered a nanomaterial that reduces the lead levels in rice, potentially helping improve the quality of rice, and ensuring food safety.
 
Lead in soil can be absorbed by rice roots, seriously affecting rice quality and food safety. This calls for research on how to reduce the migration of lead from soil to rice, to minimize its threat to human health.
 
Nano-hydroxyapatite (nHAP) is a nanomaterial that has been used in the restoration of lead-contaminated water and soil. Researchers from the Institute of Solid State Physics under the Chinese Academy of Sciences used hydroponic experiments to investigate nHAP's potential for reducing the toxicity and mobility of lead in rice.
 
They found that nHAP existing in root cells was beneficial for reducing lead levels and restraining the movement of lead from the roots to shoots. The research was published in the journal "Environmental Science: Nano."
 
The research provides a theoretical basis for environmental nanomaterials inhibiting lead. It also provides technical support for reducing the absorption and transfer of lead in rice.
 
Source: Xinhua April 23, 2018
Shanghai ranks high in innovative city list
20th April 2018

 SHANGHAI ranks 17th among the world’s 100 most innovative cities.

 
According to a report released at the China (Shanghai) International Technology Fair that opened yesterday, the city’s ranking was bolstered by its policy and economic environment.
 
The report, aiming at evaluating the competitiveness of cities worldwide in scientific research and innovation, was issued for the first time.
 
Shanghai’s high placing echoes the city government’s call for “developing the city into a global innovation hub,” said Feng Chunxiao, of the Shanghai Development and Reform Commission, who wrote the report.
 
Alongside the city’s efforts to enhance investment in innovation and industrial upgrading, “research into the world’s competition pattern in innovation will help the public and officials know better how to advance the city,” she added.
 
Shanghai follows San Francisco-San Jose and New York in the United States, which ranked first and second respectively, with London third. Beijing came ninth “as it wins out in scientific investment and the number of the world’s leading technology conglomerates,” Feng said, adding that Shanghai is “especially outstanding in policies and with its convenient opportunities to bolster innovation, and it has a competitive economic structure by nurturing and gathering advanced industries.”
 
But it is trailing competitors in basic research and the ability to transfer research results into industries, Feng said.
 
The report also showed domestically Shanghai can learn from Shenzhen, ranked 33rd, and Beijing in developing more technology patents to boost innovation. Hong Kong was 18th, Guangzhou 41st, Hangzhou 77th, and Tianjin 91st.
 
City’s planners can learn from the report, she added, to enhance development in such factors as patent applications, while the government can enable broader participation from society to boost fundraising and business development for technology companies, Feng said.
 
The report is expected to be released annually, “which will show how the competition pattern changes and give a reference on Shanghai’s progress into a global innovation hub.”
 
Source: Shanghai Daily, April 20, 2018
Still no talks over trade dispute between China, US: MOC
19th April 2018

 

 
There have not been any bilateral talks over trade frictions between China and the United States, China's Ministry of Commerce said on Thursday.
 
The United States submitted a file to the World Trade Organization on April 17 claiming that they are willing to negotiate over the trade dispute with China.
 
The US move follows WTO procedures, which order members to respond to a request for settlement from another member within ten days, said MOC spokesperson Gao Feng.
 
Gao reiterated that US Section 232 and Section 301 measures to slap tariffs on Chinese products seriously violate WTO rules.
 
Gao said the two sides have not yet held any bilateral talks over the US Section 301 investigation and the proposed US tariff list on Chinese goods. 
Source: Xinhua. April 19, 2018

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