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Beware the Waking Dragon
BEIJING, May 12 (Xinhua) — China’s top legislator Li Zhanshu will pay an official friendly visit to Norway, Austria and Hungary from May 15 to 24.
Li, chairman of the Standing Committee of the National People’s Congress, will make the visit at the invitation of President of the Norwegian parliament Storting Tone Wilhelmsen Troen, Austrian National Council President Wolfgang Sobotka and Federal Council President Ingo Appe, and Hungarian Parliament Speaker Laszlo Kover.
Source: Xinhua
“It is a major showcase of China’s manufacturing capability,” said Sun Can, a Chuancai Securities analyst. “The company has its own technologies and is a powerful player in the global port machinery industry.”
Listed on the Shanghai exchange in 1997, Zhenhua’s shares have risen 41 per cent in the past 12 months, ending 2.1 per cent lower at 4.46 yuan on Friday. All three analysts who cover the stock recommend their clients either “buy” or “accumulate” the stock, expecting Zhenhua to be a major winner in China’s megaplan to build infrastructure along the old Silk Road in its Belt and Road Initiative (BRI).
Another major company that has emerged with China’s rising tide was China International Marine Containers (Group), or CIMC, a unit of the state-run conglomerate China Merchants Group. Established in 1980, the company took a little more than a decade to dominate the global industry, becoming the world’s largest maker of shipping containers since 1996.
Guosen Securities said in a research report that CIMC would face lower profit margin this year amid rising raw material costs and fiercer competition from global rivals.
Its shares have risen 43.7 per cent in the past 12 months on the Shenzhen exchange to 15.20 yuan as of Friday.
Source: SCMP
QINGDAO, Feb. 26 (Xinhua) — China has launched a project for the large-scale cultivation of salmon in the cold water mass of the Yellow Sea to cater to growing seafood demand in Chinese markets.
The project will build a salmon farm about 130 nautical miles off the shore of Rizhao in east China’s Shandong Province, with the aim of producing 45,000 tonnes of salmon annually, said Dong Shuanglin, a professor at the Ocean University of China and the project’s chief scientist.
Initiated by the university and two Chinese firms, the project involves a total investment of over 4.3 billion yuan (642 million U.S. dollars) and has demarcated a cultivation area of 3,000 hectares.
It plans to erect the “Shenlan 2” salmon cage in the second half of this year, following a successful trial of salmon farming at “Shenlan 1,” the world’s largest fully-submersible fish cage.
The “Shenlan 2” cage is 80 meters tall, compared with the 35 meters of “Shenlan 1,” and can accommodate 1 million fish, a large increase from its predecessor’s 300,000, according to Dong.
The project also includes the construction of an onshore industrial park, R&D facilities and a fry cultivation base. The first batch of salmon from the farm is scheduled to hit the market by the end of 2020.
Chinese scientists have in recent years started to test rearing salmon in the Yellow Sea’s cold water mass, a seasonal low-temperature water body, as the country’s offshore fish farming faces a lack of space, disease outbreaks and other environmental problems.
The 13-million-hectare cold water mass in the Yellow Sea is large enough to raise 500 million salmon, and its strong self-purification means lower risks of diseases and parasite outbreaks, according to the university.
Salmon farming in that sea area is also expected to herald a new trend in China’s marine aquaculture following seaweed, shrimp, shellfish, fish and sea cucumber, while offering a platform for cooperation with countries like Norway and Japan in farm management, diseases and parasites control, according to sources familiar with the industry.
Source: Xinhua
continuously updated blog about China & India
continuously updated blog about China & India
continuously updated blog about China & India
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