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News from China
Industrial Internet plan
30th May 2016

 SHANGHAI is pushing the development of industrial Internet under a three-year plan from this year to boost industrial output and upgrade its economic structure, according to government officials yesterday.

The city will boost the information structure and technology applications in six strategic industries including advanced equipment manufacturing and biological medicine. The technologies include data analysis, 4G and 5G communications, industrial robots and various Internet applications, according to the officials.

“The industrial Internet is a catalyst for the city’s long-term strategy to establish itself as a global tech and innovation center,” said Zhou Bo, Shanghai’s vice mayor.

Local industrial giants including Lingang Group and SAIC Motor are involved in the three-year plan from 2016 to 2018.

“We can seek unique opportunities in Shanghai of integration between traditional industries and latest technologies,” said Wang Dong, founder and CEO of which trades steel and iron products online.

Source: Shanghai Daily, May 30, 2016
Anger over latest US trade tariffs
27th May 2016

 CHINA’S Ministry of Commerce yesterday slammed a new final ruling from the United States against Chinese steel.

The US Commerce Department on Wednesday announced anti-dumping duties of 209.97 percent and anti-subsidy duties of 39.05 percent on corrosion-resistant steel from China.

“The United States has deliberately suppressed Chinese bulk steel commodities, including cold-rolled flat steel and corrosion-resistant steel,” and “this not only harms Chinese steel firms, but also impedes trade and cooperation between the two countries,” the ministry said in a statement.

“China will take all necessary measures to gain fair treatment and safeguard the interests of enterprises,” it said.

Source: Shanghai Daily, May 27. 2016
Pharma companies told to broaden horizons
26th May 2016

 CHINA’S pharmaceutical companies should pursue more opportunities overseas and seek greater collaboration with foreign partners, an industry official said yesterday.

“Chinese pharma companies and manufacturers should allocate more resources to the international market in the next five years so that they can play a more important role,” Xu Ming, vice president of the China Chamber of Commerce for Import & Export of Medicines & Health Products, told a press conference.

He was speaking ahead of the 16th International Convention on Pharmaceutical Ingredients, which is co-organized by the chamber.

As one of the world’s biggest exporters and manufacturers of pharmaceutical ingredients, China should focus more on foreign markets, he said.

The chamber will seek to promote industry collaboration between China and central and eastern Europe countries at the upcoming convention, Xu said.

Source: Shanghai Daily, May 26, 2016
China set for new power generation
25th May 2016

 RENEWABLE energy sources will account for almost 100 percent of China’s electricity needs by 2050, an industry insider said yesterday at the 2016 International Photovoltaic Power Generation Conference & Exhibition in Shanghai.

“The cost of solar energy is expected to drop by more than 50 percent in the future, thanks to new technologies like micro-grids, smart electricity optimization and efficient storage,” said Andreas Liebheit, who heads the photovoltaics (PV) global business unit of German tech company Heraeus.

Heraeus also yesterday opened a new technical center in Shanghai, as it seeks to expand its presence in the sector. Last year, it derived 30 percent of its revenue from China.

Among the other companies at the event was Nextracker Inc, which develops single-axis solar trackers and PV systems, and is seeking new opportunities in China.

The company claims its technologies improve the efficiency of solar energy generation, and can reduce operational and maintenance costs.

New technologies like wider tracking ranges — of 120 degrees rather than 90 degrees — can cut costs by two-thirds over 20 years, Mike Mehawich, the company’s chief marketing officer, told Shanghai Daily.

The conference and exhibition end tomorrow.

Source: Shanghai Daily, May 25, 2016

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