Archive for ‘Yantai City’

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05/10/2019

Economic Watch: Foreign investors show strong appetite for Chinese market

BEIJING, Oct. 4 (Xinhua) — Despite the slowing momentum of global trade growth, China remains attractive to the world’s multinationals with its huge consumer market, optimized business environment and innovation capability.

EXPANDING PRESENCE

Swiss tech giant ABB began construction of its new 67,000-square meter robotics manufacturing and research facility in Shanghai in September with an investment of 150 million U.S. dollars.

It is designed to be the most advanced, automated and flexible factory in the global robotics industry, utilizing the latest manufacturing processes –– a cutting-edge center where robots make robots.

Since 1992, ABB has invested more than 2.4 billion U.S. dollars in China, with nearly 20,000 employees in total. China has become the company’s second-largest market.

“In the future, we will continue to expand investment in the country, further optimize the business layout and enhance innovation capability,” said Gu Chunyuan, president of ABB Asia, Middle East and Africa Region.

German company Henkel, a leading player in industrial and consumer businesses, also has a long-term commitment to and strong confidence in China. Early this year, Henkel announced it is stepping up investment by around 300 million euros annually to build on its strengths and capture opportunities.

“China will be one of the focal markets. We will strengthen our position by accelerating the launch of new brands and innovations, increasing our marketing investments and driving digitalization even further,” said Jeremy Hunter, president of Henkel Greater China.

Having established its first office in Beijing in 1988, the company now has around 5,000 employees at 25 sites across China. The production output of its manufacturing plant in Yantai of Shandong Province has increased more than 50 times over the years.

EMBRACING OPPORTUNITIES

“China’s huge market, steady growth momentum, complete industrial infrastructure as well as rich talent resources are all very attractive, ” said Gu Chunyuan.

As ABB’s second-biggest market, China’s increasingly optimized business climate, more energetic and effective market system and deepened opening-up policies have lured the company to beef up its confidence in the China market, he said.

As the center of the world’s manufacturing industry, China has witnessed unprecedented upgrading and transformation of industries toward digitalization and intelligence, which will unleash huge market potential, said Gu, adding that China’s development has brought many opportunities to the company, and convinced ABB to expand investment.

Hunter attributed Henkel’s success in China to the country’s continuous efforts of pursuing innovation-driven economic development, which has fostered a favorable environment for the company.

“Moreover, China has become a global force in digital technologies. Accelerated digitalization has also been a key driver for Henkel,” said Hunter, noting that the rapid transformation of China’s manufacturing and consumption upgrading are also driving demand for the company.

EXPECTING GROWTH

Foreign investors agree that the Chinese economy offers them indispensable certainty and confidence with its positive outlook.

Commenting on China’s efforts on pushing for all-around opening-up and building a stable, transparent and predictable investment environment, Gu said these measures will bring huge development opportunities for foreign-funded companies.

“We believe that China’s further opening-up will promote the globalization as well as the liberalization and facilitation of trade,” Gu said.

Hunter noted China will maintain its unparalleled momentum in industrial and consumption upgrading and its integration into global flows of trade, talent and innovation.

“I believe that the Chinese market will go beyond just participating in these areas to actively shaping their future development,” he said.

Source: Xinhua

Posted in ABB, ABB Asia, Middle East and Africa Region, Beijing, business environment, Chinese market, Construction, consumer market, cutting-edge center, foreign investors, global trade growth, Henkel, Henkel Greater China, industrial and consumer businesses, innovation capability, robotics manufacturing and research facility, robots make robots, shandong province, Shanghai, slowing momentum, strong appetite, Swiss tech giant, Uncategorized, Yantai City | Leave a Comment »

17/04/2019

Across China: Favorable ethnic policies bring benefits for Tibetan children

XINING, April 16 (Xinhua) — Every morning, Sonam Tsering takes his backpack and earphones, boards the subway and arrives in a commercial bank — his workplace in Beijing.

Sonam, 30, is doing a successful job in the international business unit of the bank. His success in the capital city is inseparable from his education background.

Sonam was born in Jone County of Gannan Tibetan Autonomous Prefecture of northwest China’s Gansu Province. Thanks to China’s favorable ethnic policies, Sonam was able to study in a middle school in the northern Hebei Province.

“There were many ethnic classes in our school, and many of my classmates were from ethnic minority groups,” he said. After graduation, Sonam went for further study in Britain.

“I am from a small town, but education truly broadened my horizons,” he said.

Over the past decades, favorable policies have brought benefits for many children living in Tibetan areas.

In Sonam’s spare time, he likes watching NBA games. Sonam, who is fluent in Chinese, Tibetan and English, is also a fan of Tibetan rap, and he occasionally hangs out with friends at a bar in downtown Beijing.

When he was studying abroad, he met the love of his life. Now both Sonam and his wife are working in Beijing while raising a one-year-old baby girl.

“We plan to let our child study in Beijing,” he said. “We want her to get in touch with avant-garde thoughts, broaden her horizons and pursue a life she likes,” he said.

Like Sonam Tsering, Tsering Lhakyi also benefited from the country’s ethnic policies.

In the 1980s, due to a lack of talents and poor education foundation in southwest China’s Tibet Autonomous Region, the government decided to open classes for Tibetan children. In 1985, the first batch of Tibetan pupils went inland to study. Since then, an increasing number of Tibetan children came to pursue study in more developed areas in China.

Tsering Lhakyi, born in the 1990s, was raised in Tibet’s Nagqu Prefecture with an average altitude of at least 4,500 meters. Her parents sent her to primary school in Lhasa, the regional capital. After that, she got high scores in the entrance exam and was admitted to an inland Tibetan class. After the national college entrance exam, she applied for a university in Yantai City of eastern China’s Shandong Province because she “wanted to see the sea.”

“The inland class truly taught me a lot about many new things,” she said. As a fan of music, Tsering was once a singer in a bar and released two singles in Tibetan. She currently works for a state-own enterprise.

“After work, I love to write music with a bunch of friends,” she said.

In 2017, she went to a popular talent show called “Sing! China” and became quite a sensation in the music industry thanks to her unique style and great music. Before Tsering, there were no other Tibetan contestants on the show, she said.

“People thought Tibetan singers were all about ethnic music, but I wanted to break that stereotype,” she said.

After the show, Tsering became a celebrity, but she was quite patient in releasing new music.

“I don’t want to make music just to cater to the market,” she said. “I have been trying different styles of music recently, and I want to create something different.”

Liu Hua, with Qinghai’s ethnic and religious affairs committee, said that China’s favorable ethnic policies not only brought quality education to students in ethnic areas but also changed their lives.

“These graduates are using their wide range of knowledge and images to influence people around them and generations to come,” Liu said.

Source: Xinhua

Posted in "Sing! China", backpack and earphones, benefits, China alert, ethnic and religious affairs committee, ethnic music, ethnic policies, Gannan Tibetan Autonomous Prefecture, Gansu Province, Hebei province, international business unit, Jone County, Liu Hua, Nagqu Prefecture, NBA games, Qinghai Province, shandong province, Sonam Tsering, stereotype, Tibet Autonomous Region, Tibetan children, Tsering Lhakyi, Uncategorized, Yantai City | Leave a Comment »

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