equipment
chinese machinary      chinese equipment      
Main page | News | Guestbook | Contact us
Русская версия

Products:
Mini-factories
Transport
Equipment
Instruments
Food products
Building materials
Leisure and garden inventory
Medicine and public health
Gas and gas equipment
Oil equipment
Chinese Silk
Underwear, T-shirts
Various production line by Customers order
Silver coins
SERVICES
Safety
ABOUT US

Contact us
Tel: +86 13903612274
Email: mega@asia-business.biz

News from China
CGTN anchor Liu Xin, Fox host Trish Regan discussing China-US trade issues
30th May 2019

 CGTN anchor Liu Xin joined Fox Business Network host Trish Regan on her primetime show for a live television discussion on China-US trade issues.

 
It is the first time that television hosts from China and the US are facing off live. The much-anticipated event has sparked widespread attention from the media across the world.
 
Here are the highlights of the discussion: 
 
On trade talks
 
Trish Regan: What is your current assessment of where the trade talks are. Do you believe a deal is possible?
 
Liu Xin: The talks were not very successful last time, and both sides are considering where to go next. The Chinese government is very clear.
 
On intellectual property
 
Liu Xin: There is consensus among Chinese people that no country or individual can protect itself without intellectual property protection. Isolated cases do not mean that America is stealing or Chinese people are stealing.
 
On tariffs
 
Trish Regan: What do you think of "to heck with tariffs, let's get rid of them altogether." What do you think?
 
Liu Xin: When we talk about tariffs it's not just between China and the US If you don't like the rules, then let's change the rules, but it has to be done as a multilateral decision.
 
On capitalism
 
Trish Regan: How do you define state capitalism?
 
Liu Xin: We would like to define it as socialism with Chinese characteristics, where market forces are expected to play the dominating or deciding role in the allocation of resources.
 
We want it to be a market economy but there are some Chinese characteristics, for example, some state-owned enterprises which play an important but smaller role maybe in the economy.
 
We are a socialist economy with Chinese characteristics, but we are not just state controlled, we are quite mixed, very dynamic and very open as well.
 
On China's development
 
Liu Xin: If you look at the overall size of the Chinese economy, don't forget we have 1.4 billion people. If you divide the second largest economy in the world, when it comes down to per capita GDP we are less than one-sixth of the US.
 
We can do a lot of big things, and people are looking upon us to do a lot more around the world.
Source: Shanghai Daily, May 30, 2019
CGTN anchor Liu Xin, Fox host Trish Regan discussing China-US trade issues
30th May 2019

 CGTN anchor Liu Xin joined Fox Business Network host Trish Regan on her primetime show for a live television discussion on China-US trade issues.

 
It is the first time that television hosts from China and the US are facing off live. The much-anticipated event has sparked widespread attention from the media across the world.
 
Here are the highlights of the discussion: 
 
On trade talks
 
Trish Regan: What is your current assessment of where the trade talks are. Do you believe a deal is possible?
 
Liu Xin: The talks were not very successful last time, and both sides are considering where to go next. The Chinese government is very clear.
 
On intellectual property
 
Liu Xin: There is consensus among Chinese people that no country or individual can protect itself without intellectual property protection. Isolated cases do not mean that America is stealing or Chinese people are stealing.
 
On tariffs
 
Trish Regan: What do you think of "to heck with tariffs, let's get rid of them altogether." What do you think?
 
Liu Xin: When we talk about tariffs it's not just between China and the US If you don't like the rules, then let's change the rules, but it has to be done as a multilateral decision.
 
On capitalism
 
Trish Regan: How do you define state capitalism?
 
Liu Xin: We would like to define it as socialism with Chinese characteristics, where market forces are expected to play the dominating or deciding role in the allocation of resources.
 
We want it to be a market economy but there are some Chinese characteristics, for example, some state-owned enterprises which play an important but smaller role maybe in the economy.
 
We are a socialist economy with Chinese characteristics, but we are not just state controlled, we are quite mixed, very dynamic and very open as well.
 
On China's development
 
Liu Xin: If you look at the overall size of the Chinese economy, don't forget we have 1.4 billion people. If you divide the second largest economy in the world, when it comes down to per capita GDP we are less than one-sixth of the US.
 
We can do a lot of big things, and people are looking upon us to do a lot more around the world.
Source: Shanghai Daily, May 30, 2019
Chinese police detain 31 suspects in telecom, online fraud
29th May 2019

 Police in the city of Huaian, east China's Jiangsu Province, have detained 31 suspects over a suspected telecom and online fraud, which swindled more than 900,000 yuan (US$130,288).

 
Last July, a victim surnamed Liu reported to the local police that he had been cheated through telecom fraud involving a girl he met online.
 
Liu said he established a romantic relationship with the girl after twelve days of chatting online. Liu sent 1,000 yuan to an investment platform that the girl recommended and it showed that he had earned 5,000 yuan in less than a week.
 
The victim was then asked to pay service fees for withdrawal of the earnings. After paying the fee, however, Liu didn't receive any money and his online girlfriend also disappeared.
 
After a thorough investigation, the police made arrests in Shenzhen and Beijing as well as in the provinces of Henan and Hubei, detaining a total of 31 suspects.
 
Police said the scammers, disguised as young girls, used social media to establish romantic relationships online. They win the trust of victims, then ask them to invest in fake platforms.
 
Further investigation is underway.
 
Source: Shanghai Daily, May 29,2019
Impact from tariffs 'generally controllable'
28th May 2019

 Tariff hikes by the United States will to some extent result in an increase of enterprise operation costs, lower competitiveness and fewer orders, but their impact on China’s manufacturing sector is generally controllable, a senior official said in an interview.

 
The US$200 billion worth of Chinese goods on which the United States imposed additional tariffs accounts for 41.8 percent of China’s exports to the country, but only 8 percent of China’s total exports, said Wang Zhijun, vice minister of industry and information technology. Moreover, about half of the affected enterprises are foreign-funded enterprises, including many American companies, said Wang.
 
In other words, the tariff hikes hurt not only the interests of Chinese enterprises and consumers, but also US companies and consumers as well as the global supply chain, said Wang.
 
Also yesterday, foreign ministry spokesperson Lu Kang said China always maintained the position that any trade consultation with the United States should be based on the principles of mutual respect, equality and mutual benefit.
 
US President Donald Trump said that Washington was not ready to make a trade deal with Beijing. Lu said for some time, the US side, including some high-level personnel, had made various comments on China-US trade consultations. Sometimes they said a trade deal would be reached, and sometimes they said there might be some difficulties in reaching a deal, he added. “If you review China’s remarks in the same period, you will find that our position has always been the same,” Lu said.
 
The latest figures from the National Bureau of Statistics showed that the value added by China’s major industrial firms increased 5.4 percent year on year in April, beating market expectations and posting an optimized structure. In addition, the purchasing managers’ index for the manufacturing sector held steady at 50.1, remaining within the expansion range.
 
NBS statistics also showed that profits of China’s major industrial firms fell 3.7 percent year on year in April, thanks to a higher base in April last year and an earlier unleash of the market demand in March as lower value-added tax rate was implemented on April 1.
 
Li Chao, an analyst with Huatai Research Institute, said that industrial profits would return to the positive territory, but how fast will depend on market demand, prices and the policy incentives of tax cuts and fee reductions.
 
“Trade frictions may amplify short-term fluctuations but will not impact the long-term trend of asset prices based on what happened during the US-Japan and US-EU trade frictions,” Li said.
 
As enterprises may continue to foreload their exports, the data will not worsen in the second quarter, he said.
 
Based on figures from April, China’s manufacturing sector has seen improving structure and efficiency. Among the 41 sub-sectors, 27 saw higher profits and 14 reported lower earnings in April.
 
The structural change was in line with a shift in China’s economic growth drivers from exports and investment to domestic consumption and high-end industries, analysts said. For every 100 yuan of revenue they generated, the costs they bore fell by 1.1 yuan from a year earlier to 88.7 yuan in April.
 
Wang said that manufacturing firms’ confidence had been enhanced thanks to the gradual unleashing of policy dividends as a result of the country’s lower value-added tax rate.
 
In the long run, innovation will be the main engine to propel the expansion of China’s manufacturing industry. To encourage corporate innovation, China unveiled various measures, including establishing a series of innovation centers and laboratories, increasing support for enterprises in key fields and optimizing innovation-oriented policies.
 
Wang said China will place greater emphasis on innovation in enterprises’ development and urge them to increase research and development investment with more tax cuts and fund and loan issuances for innovation projects.
 
Source: Shanghai Daily, May 28, 2019

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244