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  <title><![CDATA[Shanghai Daily: Business]]></title> 
  <link>http://www.shanghaidaily.com/business/</link> 
  <description><![CDATA[Shanghai Daily Business]]></description> 
  <language>en</language>
  <copyright><![CDATA[Copyright 2001-2021 Shanghai Daily Publishing House]]></copyright>
  <webMaster><![CDATA[ShanghaiDaily]]></webMaster>
  
    
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		<link>http://www.shanghaidaily.com/business/it/Nvidia-happy-to-answer-any-questions/shdaily.shtml</link>
		<title>Nvidia ‘happy to answer any questions’</title>
		<category><![CDATA[IT]]></category>
		<pubDate>Wed, 11 Dec 2024 00:01:00 +0800</pubDate>
		<dc:creator><![CDATA[Zhu Shenshen]]></dc:creator>
		<description><![CDATA[CHIP giant Nvidia has responded to a China antitrust investigation by saying it is “happy to answer any questions regulators may have.”

The response came after the State Administration of Market Regulation ]]></description>
		<content:encoded><![CDATA[
		CHIP giant Nvidia has responded to a China antitrust investigation by saying it is &ldquo;happy to answer any questions regulators may have.&rdquo;

The response came after the State Administration of Market Regulation said on Monday night it would launch an antitrust investigation of Nvidia&rsquo;s acquisition of Mellanox, an Israeli-American supplier producing high-speed Ethernet cards and specializing in network interconnect equipment, including network interface cards, switches, and cables.

The case traces back to April 2020 when Nvidia announced it would acquire Mellanox for US$6.9 billion. After the acquisition, Nvidia integrated Mellanox&rsquo;s technology into the development of its core data center GPU products.

As required by international acquisitions, the deal needs approval from relevant countries. Although Chinese regulators approved the deal then, they imposed several antitrust conditions to prevent post-merger monopolistic risks, which Nvidia had to comply with, Jiemian.com reported yesterday.

The restrictive conditions can be reviewed six years after they take effect, at which point Nvidia can apply to the regulator for their removal. Until officially lifted, the conditions remain in effect and, if Nvidia fails to comply, the regulator can take action according to the relevant provisions of the Anti-Monopoly Law.

When approving the acquisition earlier, the SAMR explicitly stated that the merger of Nvidia and Mellanox could potentially have anti-competitive effects in the global and Chinese markets for GPU accelerators, specialized network interconnect equipment, and high-speed Ethernet adapters.

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		<link>http://www.shanghaidaily.com/business/economy/Chinas-foreign-trade-sees-steady-growth-in-first-11-months-Data/shdaily.shtml</link>
		<title>China’s foreign trade sees steady growth in first 11 months: Data</title>
		<category><![CDATA[Economy]]></category>
		<pubDate>Wed, 11 Dec 2024 00:01:00 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[CHINA’S total goods imports and exports maintained steady growth in the first 11 months of 2024, expanding by 4.9 percent year on year in yuan terms, official data showed yesterday.

Goods trade value ]]></description>
		<content:encoded><![CDATA[
		CHINA&rsquo;S total goods imports and exports maintained steady growth in the first 11 months of 2024, expanding by 4.9 percent year on year in yuan terms, official data showed yesterday.

Goods trade value expanded to 39.79 trillion yuan (US$5.6 trillion) in the January-November period, per the General Administration of Customs.

Exports rose 6.7 percent year on year during this period to 23.04 trillion yuan, while imports climbed 2.4 percent to 16.75 trillion yuan.

In November alone, goods imports and exports saw a yearly increase of 1.2 percent to total 3.75 trillion yuan &mdash; maintaining growth for an eighth consecutive month.

Specifically, exports of mechanical and electrical products accounted for nearly 60 percent of the total during the January-November period, with exports of containers, ships and motorcycles increasing by 108.7 percent, 65.3 percent and 24.8 percent, respectively, the data showed.

During the first 11 months, agricultural products reached a broad overseas market, as exports of dried and fresh fruits and nuts, vegetables and edible fungi, and alcohol and beverages increased by 22.2 percent, 11.4 percent and 7.5 percent, respectively.

Among various market entities, private enterprises in this period saw their foreign trade increase by 8.7 percent on year &mdash; remaining the leading force in terms of foreign trade. Meanwhile, imports and exports of foreign-invested firms edged up 1.1 percent.

Market diversification also sustained momentum. In the first 11 months of 2024, China&rsquo;s trade with traditional partners such as the European Union, the United States and South Korea achieved growth of 1.3 percent, 4.2 percent and 6.3 percent, respectively.

Trade with countries participating in Belt and Road cooperation during this period saw an increase of 6 percent, while that with ASEAN countries jumped 8.6 percent.

During the period, China&rsquo;s foreign trade with Latin America and Africa rose 7.9 percent and 4.8 percent, respectively.

The State Council, the cabinet, recently issued a package of policy measures aimed at promoting stable growth of foreign trade, while the Ministry of Commerce, the GAC and other departments also launched specific steps to accelerate the integrated development of domestic and foreign trade, further optimize the business environment at ports, and promote the convenience of customs clearance for firms, Lu Daliang, director of GAC&rsquo;s Department of Statistics and Analysis, said.

&ldquo;With the concerted efforts of both stock and incremental policies in the field, China is expected to end the year with a smooth performance in foreign trade and achieve the goal of stable quality and quantity,&rdquo; Lu noted.

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		<link>http://www.shanghaidaily.com/business/Shanghais-25year-economic-story-has-been-exhilaratingWe-have-chronicled-it/shdaily.shtml</link>
		<title>Shanghai’s 25-year economic  story has been exhilarating.We have chronicled it</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[Shen Mengdan]]></dc:creator>
		<description><![CDATA[In 2010, then Shanghai Daily reporter Feng Jianmin wrote an article about a small wonton eatery on Weihai Road near Nanjing Road W. and the newspaper office, describing that area of Nanjing Road as “rather]]></description>
		<content:encoded><![CDATA[
		IN 2010, then Shanghai Daily reporter Feng Jianmin wrote an article about a small wonton eatery on Weihai Road near Nanjing Road W. and the newspaper office, describing that area of Nanjing Road as &ldquo;rather ordinary, with small shops and low-rise residential buildings, separated by lanes.&rdquo;

She wrote, &ldquo;Along the road, retailers sell basic foodstuffs, clothing and household utensils. A shop owner Cai Xinmin makes batches of fresh wontons early every morning, calling it a day when all the wontons are sold, usually before 10am.&rdquo;

Nanjing Road today bears scant resemblance to the 14-year-old description. It&rsquo;s now a luxury retail area and a hot spot for tourists. But the little wonton shop still stands. Cai, now 66, continues to sell his specialty to queues of people waiting outside, although the price of a small bowl of wontons has tripled to keep pace with rising commodity prices.

The wonton shop and Shanghai Daily staff who sometimes pop over to buy breakfast have all borne witness to the sweeping changes that have transformed the economy and the lives of all who live here.

Shanghai Daily celebrates its 25th anniversary this year on National Day, October 1. One of the greatest achievements of the pioneering English-language newspaper in the last quarter century has been its role as a meticulous chronicler of the city&rsquo;s economic progress.

Shanghai has stepped boldly onto the world stage in its goal to become the embodiment of advanced technologies like artificial intelligence and a showcase for world-class communications, manufacturing, health care, culture and an eco-friendly lifestyle.

Gross domestic product, a measure of the city&rsquo;s total goods and services, soared 12-fold between 1999 and 2023, the latest full-year figure available.

That rapid progress has been built on an influx of foreign investment and businesses, on government policies opening the door wider to world trade and on the creative entrepreneurship of its residents.

Economic progress has ushered in dramatic changes in Shanghai&rsquo;s lifestyle. The per-capita disposable income of city residents in the last 25 years surged seven-fold to 84,834 yuan (US$12,000), according to city figures. People not only have more money to spend but more ways to spend it.

The city&rsquo;s streets are now filled with electric vehicles as part of going-green initiatives. Residents use digital alternatives in a growing cash-free society. Glitzy shopping malls offer goods from around the world, including top luxury brands.

New museums showcase history and modern art. The new opera house under construction will add a venue to the city&rsquo;s vibrant performing arts landscape. The new planetarium is the world&rsquo;s largest.

Old tenement housing where people lived in cramped, impoverished environments has been replaced by modern apartments with bathrooms and kitchens that people don&rsquo;t have to share with other families. Bike lanes, jogging tracks and park playgrounds abound amid policies to encourage a healthier lifestyle. Care for the growing elderly population has been expanded and made more accessible.

Shanghai Daily has been there to trace every step along the way to a better economic future.

So how did it all this change come about?

&ldquo;From 1992 to 2001, foreign investment was large and fast in China,&rdquo; said Sun Lixing, director of the International Investment Research Office at the Institute of World Economy in the Shanghai Academy of Social Sciences.

Companies funded by overseas money comprise about two-thirds of the city&rsquo;s import and export trade, one third of its tax revenue and a fifth of its employment,

At the end of 2001, China joined the World Trade Organization amid efforts to open its market wider to the world, becoming the top global exporter.

At the same time, China&rsquo;s foreign-exchange reserves have grown from about US$10 billion in 1990 to rank first in the world at US$1 trillion.

In 2002, Shanghai was the first city on the Chinese mainland to introduce incentives for multinational corporations to set up regional headquarters. According to Shanghai Commission of Commerce, some 985 multinationals had headquarters in the city as of the end of June, and foreign-funded research and development centers totaled 575.

In the first half of this year alone, about 3,000 foreign-funded companies set up shop in the city, increasing 18 percent from a year earlier.

Shanghai Daily&rsquo;s chronicle of the city&rsquo;s economic transformation is mirrored in its in-depth coverage of development of Pudong on the east side of the Huangpu River. Once paddy fields, the area now boasts the city&rsquo;s most iconic skyline, with distinctive architectural skyscrapers and the famed Oriental Pearl TV Tower.

Pudong has become the symbol of Shanghai&rsquo;s emergence on the world stage. Its Lujiazui district is often called &ldquo;the Wall Street of China.&rdquo;

&ldquo;Developing Pudong was a matter of strategic importance for Shanghai and the whole country,&rdquo; said then Premier Li Peng in 1990.

Among the bold initiatives was the establishment of the China (Shanghai) Pilot Free Trade Zone in 2013. It loosened regulations on foreign trade in the city, attracted a new wave of investment and served as a blueprint for similar zones across China.

&ldquo;It became the benchmark for world-standard economic and trade rules,&rdquo; said Zhou Hanmin, a member of Chinese People&rsquo;s Political Consultative Conference. &ldquo;It was a pioneer in an innovative approach to freer, more open trading.&rdquo;

The zone has been expanding in size. A recent addition in 2019 was Lingang, an area in southern Pudong that is the gateway to Shanghai&rsquo;s biggest port facility. Incentive policies there have attracted more than 3,000 foreign-funded companies. Among the highest profile is Tesla, which built a factory that is China&rsquo;s first wholly owned, foreign-funded vehicle manufacturing facility and Tesla&rsquo;s largest factory outside of its US home base.

While growing leaps and bounds in industrial terms, Shanghai has been careful to marry that progress with an improvement in its business environment. In 2020, the city adopted a foreign-investment law that tackled issues such as intellectual property-rights disputes.

In that year, the World Intellectual Property Organization Arbitration and Mediation Center opened in Lingang after Shanghai led the nation by opening the door to international arbitration businesses.

At the same time, the city continues to solicit the advice of foreign businessmen. The annual meetings of the mayor&rsquo;s advisory council of top world business leaders have helped the city development a viable blueprint in its goal toward becoming a major global center on par with New York and London.

International Investment Research Office&rsquo;s Sun Lixing pointed out that the infusion of foreign capital, technology and management models has enriched the city&rsquo;s talent base, among other notable benefits.

Addressing the current slowdown in foreign investment, he added, &ldquo;I think it shows that China has changed from focusing on the number and scale of foreign investment to focusing on the efficiency and quality of investment. With the rising cost of doing business, the nature of investment that comes to China has also changed to reflect different development strategies.&rdquo;

Sun praised Shanghai Daily for its role in communicating the city&rsquo;s message to the world.

&ldquo;A favorable business environment requires openness and transparency of information and policies,&rdquo; he said.

As Shanghai has expanded to embrace the digital revolution, so has the newspaper.

In addition to its online Shine news portal, Shanghai Daily launched the online City News Service in 2022 to provide practical information for expatriates living in the city. It is also developing a new website catering to foreign businesses in Shanghai.

As for Feng Jianming&rsquo;s lowly wonton shop owner, he too welcomes the changes in the city.

&ldquo;I&rsquo;m so glad to see Shanghai&rsquo;s economic development since its reforms and opening up policies,&rdquo; Cai said.

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		<link>http://www.shanghaidaily.com/business/Digital-economy-a-shining-beaconin-citys-private-economic-landscape/shdaily.shtml</link>
		<title>Digital economy a shining beaconin city’s private economic landscape</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[Ding Yining]]></dc:creator>
		<description><![CDATA[As one of the leading Internet players in Shanghai, Pinduoduo has embraced the current trends in domestic online consumption and the digital landscape while expanding overseas.]]></description>
		<content:encoded><![CDATA[
		AS one of the leading Internet players in Shanghai, Pinduoduo has embraced the current trends in domestic online consumption and the digital landscape while expanding overseas.

Known as an &ldquo;e-commerce startup for the multitudes,&rdquo; it has expanded beyond its initial customer base and region.

Many private enterprises look to Pinduoduo for inspiration, and the city&rsquo;s long-term support underscores the sector&rsquo;s importance, with existing and new businesses boosting momentum over the decades.

Fortune and consulting firm BCG named Pinduoduo in their &ldquo;Future 50&rdquo; list this year because of its exceptional growth potential based on financial indicators, strategic direction, technology, and investments.

Pinduoduo, a leading Shanghai private company, was launched in 2015 by local entrepreneur and former Google employee Colin Huang.

In 2023, the total amount of economic value added from the private sector in Shanghai went up 2.5 percent from a year ago to 1.26 trillion yuan (US$175 billion).

About 26.6 percent of the city&rsquo;s total GDP comes from private economies, and last year, their contribution to retail volume increased by 3.9 percent to 525.9 billion yuan.

The digital economy stands out as one of the bright spots in the city&rsquo;s private economic sector, with new formats of shopping, lifestyle services, and entertainment emerging in the past decades.

The latest Fortune 500 ranking released in early August further consolidated Shanghai&rsquo;s position as a major economic hub where private businesses continue to thrive.

Shanghai now has 13 Fortune 500 companies with headquarters in the city, adding one firm compared with the previous year, making it the fourth biggest city behind Beijing, Tokyo, and New York in terms of the number of companies listed on the top 500 rankings.

The Internet technology and service sector has also been the city&rsquo;s stronghold. A total of 38 Internet technology firms have been included in the city&rsquo;s top 100 emerging enterprises, according to the latest ranking of the Shanghai Enterprise Confederation, Shanghai Federation of Economic Organization, and Jiefang Daily.

A standout addition to this year&rsquo;s Fortune Global 500 list is Pinduoduo, which made its debut at the 442nd position with an annual revenue of US$34.98 billion.

Pinduoduo, which means &ldquo;join together for more&rdquo; in Chinese, attracted buyers with its catchy name and easy-to-use interface, with Tencent and Sequoia China being its early investors.

After its September 2015 launch, its active user base climbed to 100 million in the first year and 200 million in the second.

After focusing on agriculture and supplying fresh commodities to urban buyers, it moved to daily groceries, electronics, and smart gadgets.

It took market share from Alibaba and JD.com by targeting price-sensitive Internet users in small cities and townships.

Pinduoduo&rsquo;s 2018 Nasdaq IPO valued the company at US32.4 billion, five times more than six years earlier.

Due to its recent global initiatives, NASDAQ-listed shares temporarily topped Alibaba and JD in late 2023.

Temu, which allows Chinese merchants to sell directly in dozens of countries, was the most downloaded US app last year.

Launched in September 2022, the budget platform quickly rose to the top of US app stores and expanded to Europe and Southeast Asia.

Second-quarter net income doubled to 32.01 billion yuan from 13.11 billion a year earlier, and revenue rose 85.7 percent to 97.06 billion yuan.

The private sector is projected to receive a further boost in both domestic and international markets, with China expected to create legislation to &ldquo;effectively implement equal treatment of state-owned and private enterprises.&rdquo;

Zhang Jun, dean of Fudan University&rsquo;s School of Economics, believes that private firms may play a significant role in a seamless and optimal overall policy environment.

He remarked that China&rsquo;s economy is poised to attract entrepreneurial and innovative vitality from the grassroots private sectors, potentially revitalizing the entire society&rsquo;s economic spirit.

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	<item>
		<link>http://www.shanghaidaily.com/business/Digital-economy-a-shining-beaconin-citys-private-economic-landscape/shdaily.shtml</link>
		<title>Digital economy a shining beaconin city’s private economic landscape</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[Ding Yining]]></dc:creator>
		<description><![CDATA[As one of the leading Internet players in Shanghai, Pinduoduo has embraced the current trends in domestic online consumption and the digital landscape while expanding overseas.]]></description>
		<content:encoded><![CDATA[
		AS one of the leading Internet players in Shanghai, Pinduoduo has embraced the current trends in domestic online consumption and the digital landscape while expanding overseas.

Known as an &ldquo;e-commerce startup for the multitudes,&rdquo; it has expanded beyond its initial customer base and region.

Many private enterprises look to Pinduoduo for inspiration, and the city&rsquo;s long-term support underscores the sector&rsquo;s importance, with existing and new businesses boosting momentum over the decades.

Fortune and consulting firm BCG named Pinduoduo in their &ldquo;Future 50&rdquo; list this year because of its exceptional growth potential based on financial indicators, strategic direction, technology, and investments.

Pinduoduo, a leading Shanghai private company, was launched in 2015 by local entrepreneur and former Google employee Colin Huang.

In 2023, the total amount of economic value added from the private sector in Shanghai went up 2.5 percent from a year ago to 1.26 trillion yuan (US$175 billion).

About 26.6 percent of the city&rsquo;s total GDP comes from private economies, and last year, their contribution to retail volume increased by 3.9 percent to 525.9 billion yuan.

The digital economy stands out as one of the bright spots in the city&rsquo;s private economic sector, with new formats of shopping, lifestyle services, and entertainment emerging in the past decades.

The latest Fortune 500 ranking released in early August further consolidated Shanghai&rsquo;s position as a major economic hub where private businesses continue to thrive.

Shanghai now has 13 Fortune 500 companies with headquarters in the city, adding one firm compared with the previous year, making it the fourth biggest city behind Beijing, Tokyo, and New York in terms of the number of companies listed on the top 500 rankings.

The Internet technology and service sector has also been the city&rsquo;s stronghold. A total of 38 Internet technology firms have been included in the city&rsquo;s top 100 emerging enterprises, according to the latest ranking of the Shanghai Enterprise Confederation, Shanghai Federation of Economic Organization, and Jiefang Daily.

A standout addition to this year&rsquo;s Fortune Global 500 list is Pinduoduo, which made its debut at the 442nd position with an annual revenue of US$34.98 billion.

Pinduoduo, which means &ldquo;join together for more&rdquo; in Chinese, attracted buyers with its catchy name and easy-to-use interface, with Tencent and Sequoia China being its early investors.

After its September 2015 launch, its active user base climbed to 100 million in the first year and 200 million in the second.

After focusing on agriculture and supplying fresh commodities to urban buyers, it moved to daily groceries, electronics, and smart gadgets.

It took market share from Alibaba and JD.com by targeting price-sensitive Internet users in small cities and townships.

Pinduoduo&rsquo;s 2018 Nasdaq IPO valued the company at US32.4 billion, five times more than six years earlier.

Due to its recent global initiatives, NASDAQ-listed shares temporarily topped Alibaba and JD in late 2023.

Temu, which allows Chinese merchants to sell directly in dozens of countries, was the most downloaded US app last year.

Launched in September 2022, the budget platform quickly rose to the top of US app stores and expanded to Europe and Southeast Asia.

Second-quarter net income doubled to 32.01 billion yuan from 13.11 billion a year earlier, and revenue rose 85.7 percent to 97.06 billion yuan.

The private sector is projected to receive a further boost in both domestic and international markets, with China expected to create legislation to &ldquo;effectively implement equal treatment of state-owned and private enterprises.&rdquo;

Zhang Jun, dean of Fudan University&rsquo;s School of Economics, believes that private firms may play a significant role in a seamless and optimal overall policy environment.

He remarked that China&rsquo;s economy is poised to attract entrepreneurial and innovative vitality from the grassroots private sectors, potentially revitalizing the entire society&rsquo;s economic spirit.

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		<link>http://www.shanghaidaily.com/business/Shanghais-MICE-industry-a-chronicle-of-growth-and-global-standing/shdaily.shtml</link>
		<title>Shanghai’s MICE industry: a chronicle of growth and global standing</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[Li Fei]]></dc:creator>
		<description><![CDATA[The construction of the Shanghai International Conference Center in 1999 marked a turning point for the landscape of the city’s MICE (meetings, incentives, conferences and exhibitions) industry.]]></description>
		<content:encoded><![CDATA[
		THE construction of the Shanghai International Conference Center in 1999 marked a turning point for the landscape of the city&rsquo;s MICE (meetings, incentives, conferences and exhibitions) industry.

With the 99 Fortune Global Forum choosing Shanghai as its host city, the local government swiftly responded by constructing the center in Lujiazui within an astonishing 11 months. This move not only addressed the absence of a dedicated venue for international conferences but also laid the groundwork for Shanghai to emerge as a key player in the global events arena.

Over the past 25 years, the center has stood as a testament to the remarkable growth of China&rsquo;s MICE industry.

&ldquo;Since 1999, the Shanghai International Conference Center has borne witness to the development of China&rsquo;s exhibition economy. Through hosting various conferences and exhibitions, it has played a significant role in driving economic development,&rdquo; Zhou Hong, former director of the conference department at the Shanghai International Convention Center Oriental Riverside Hotel, told Shanghai Daily.

Fast forward to 2001, when Shanghai took center stage by hosting the prestigious APEC Summit at the center. Against the backdrop of global political shifts, the summit served as a platform for world leaders to convene and discuss pressing issues. The following years saw a string of high-profile events hosted at the center, including the Asian Development Bank Annual Meeting in 2002 and the Shanghai Cooperation Organization Summit in 2006, cementing Shanghai&rsquo;s reputation as an international conference destination.

As Shanghai navigated through the early 2000s, the exhibition industry witnessed unprecedented growth and innovation. The hosting of the Shanghai World Expo in 2010 and the CICA (Conference on Interaction and Confidence Building Measures in Asia) in 2014 underscored the city&rsquo;s ability to orchestrate world-class events on a grand scale. The inaugural China International Import Expo in 2018 further solidified Shanghai&rsquo;s position as a global exhibition capital, attracting participants and dignitaries from around the world.

China&rsquo;s speed has also accelerated development of the exhibition industry. Over the past 25 years, Shanghai has rapidly built numerous international exhibition landmarks. From the opening of the New International Expo Center in 2001 to the Shanghai World Expo Exhibition and Convention Center in 2010 and the completion of the National Exhibition and Convention Center &mdash; the main venue for the China International Import Expo and one of China&rsquo;s largest exhibition halls &mdash; Shanghai&rsquo;s hardware facilities have reached world-class level in the exhibition industry.

In 2024, Shanghai&rsquo;s exhibition industry shows no signs of slowing down. With the unveiling of the &ldquo;Shanghai Action Plan for Promoting High-Quality Development of the Exhibition Economy and Building an International Exhibition Center (2023-2025),&rdquo; the city reaffirms its commitment to advancing the exhibition sector to new heights. This strategic roadmap underscores Shanghai&rsquo;s ambition to enhance its international standing and further elevate the city as a premier destination for global events.

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		<link>http://www.shanghaidaily.com/business/Shanghai-SOEs-a-cornerstone-of-Chinas-economy/shdaily.shtml</link>
		<title>Shanghai SOEs: a cornerstone of China’s economy</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[Shen Mengdan]]></dc:creator>
		<description><![CDATA[STATE-OWNED enterprises have been a key driver of Shanghai’s growth for years, and the SAIC Group, in particular, has effectively harnessed foreign investment and introduced advanced technology, achieving ]]></description>
		<content:encoded><![CDATA[
		STATE-OWNED enterprises have been a key driver of Shanghai&rsquo;s growth for years, and the SAIC Group, in particular, has effectively harnessed foreign investment and introduced advanced technology, achieving a remarkable milestone by ranking among the world&rsquo;s top 500 companies as early as 2004.

&ldquo;Automobiles entered Shanghai in the early 20th century, a time when the city was home to only an auto repair and distribution industry,&rdquo; said Guan Yizhong, general manager of SAIC&rsquo;s public relations department.

&ldquo;Weihai Road was once known as a hub for auto repairs,&rdquo; Guan said.

SAIC started its journey in 1955 as the Shanghai Internal Combustion Engine Parts Manufacturing Company. By 1958, the company began to transit into the automobile manufacturing sector, ultimately evolving into what is now known as SAIC Group.

&ldquo;In 1978, at the onset of the reform and opening-up policy, China lacked a modern automobile production system. Deng Xiaoping, who was the secretary-general of the Communist Party of China Central Committee at that time, proposed the establishment of joint ventures within the country&rsquo;s automobile industry.

&ldquo;Chinese representatives engaged in negotiations with German Volkswagen for six years, ultimately leading to the establishment of Shanghai Volkswagen in 1984,&rdquo; stated Guan.

China&rsquo;s initial wave of car-related joint ventures comprised Shanghai Volkswagen with Germany, Guangzhou Peugeot with France, and Beijing Jeep with the United States. Only Shanghai Volkswagen of these joint ventures remains active and profitable today.

China encouraged joint ventures in a wish to earn foreign exchange. However, it was difficult to meet the quality standards of Germany on tires, car antennas, radios, and speakers. Guan said that the need to import over 9,000 additional parts made the wrong way in getting more foreign exchange.

&ldquo;So, Zhu Rongji, then Shanghai mayor, suggested that we create our own auto components that satisfy international standards and stop producing low-quality alternatives. That led to the gradual establishment of a standard vehicle parts system in China,&rdquo; Guan explained.

SAIC grew from learning from international superior technology and Shanghai&rsquo;s gradual reform of state-owned companies.

After China joined the WTO in 2001, Shanghai&rsquo;s state-owned enterprises hastened their integration into the market economy and undertook reforms.

Shanghai established the State-owned Assets Supervision and Administration Commission (SASAC) on August 1, 2003, making it China&rsquo;s first legally established regulatory authority for state-owned assets.

Shanghai pioneered the local state-owned enterprise board of directors&rsquo; pilot operation in 2005. Three years later, SAIC, Shanghai Electric, Jinjiang International Group, and Bailian Group became pioneer board construction units.

After 2010, practically all big overseas investment projects by state-owned firms were centered in Europe, America, Australia, and other developed countries and regions.

In addition to SAIC&rsquo;s acquisition of Rover in the United Kingdom, Bright Food Group, a state-owned firm, acquired Australia&rsquo;s Manassen Foods and other internationally known enterprises, while Shanghai Electric purchased Japan&rsquo;s Akiyama International, among many other examples.

Furthermore, SAIC entered the Indian market in 2009 in collaboration with General Motors of the United States, and in 2013 signed a strategic cooperation deal with Thailand&rsquo;s Charoen Pokphand Group to establish an overseas manufacturing base and marketing channels for its own brand in Thailand.

SAIC and many other state-owned companies will continue to actively expand and penetrate overseas markets in the coming years, as SOEs&rsquo; foreign investment methods have evolved from the previous relatively simple investment through factory construction to capital operation methods such as mergers, acquisitions, and equity participation.

After SAIC gains technological power in the automobile industry, it hopes to remove the constraints of joint venture operations by developing its own brand and becoming a new playground for international competition.

In 2014, the government recommended developing new-energy cars as a critical priority, ushering in a new age in China&rsquo;s auto sector.

&ldquo;This year, SAIC has signed new cooperation agreements separately with Audi and Volkswagen, which is a confirmation of Chinese automotive strength, proving that Chinese shareholders can also empower foreign established industries,&rdquo; Guan said.

SAIC began researching and developing NEVs as early as 2001, producing a variety of new prototypes. Despite encountering numerous challenges and setbacks during the research and development process, SAIC persevered.

In the years that followed, SAIC launched its own brand Roewe, and acquired the British brand MG, both of which did well in the market.

The company achieved outstanding results in NEVs and overseas markets, with annual sales of 1.123 million units of NEVs, ranking second in sales among domestic automobile enterprises, and annual sales of 1.208 million units in overseas markets, ranking first in the domestic industry for the eighth consecutive year, enabling China to catch up with Japan.

Optimization of Shanghai&rsquo;s state-owned firms remains a challenge.

The &ldquo;Shanghai program,&rdquo; the upgrading action plan of the state-owned enterprises reform, was introduced last year. It included the formation of platforms in emerging industries, the layout of several major projects, and the guidance of state-owned funds to improve small business and science and technology investment ratios.

He Qing, director of the Shanghai State-owned Assets Supervision and Administration Commission, remains confident in the development of Shanghai SOEs.

&ldquo;Shanghai&rsquo;s state-owned enterprises have strong capital strength and a complete industrial system, so they bear the responsibility of helping Shanghai build a modernized industrial system.

&ldquo;In the future, Shanghai will continue to support state-owned capital optimization to become a metropolis of international significance.&rdquo;

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		<link>http://www.shanghaidaily.com/business/Short-videos-are-trendy-but-written-reports-tell-the-whole-story-better/shdaily.shtml</link>
		<title>Short videos are trendy, but written reports tell the whole story better</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 01 Oct 2024 00:00:00 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[Q: Shanghai Daily was launched in 1999 during China’s Internet boom. Alibaba Group was also founded the same year. The number of Chinese netizens surged from 620,000 in 1997 to 8.9 million in 1999 and ]]></description>
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		Q: Shanghai Daily was launched in 1999 during China&rsquo;s Internet boom. Alibaba Group was also founded the same year. The number of Chinese netizens surged from 620,000 in 1997 to 8.9 million in 1999 and 16.9 million in 2000. Was Internet technology a factor when you joined Shanghai Daily in 2000?

&nbsp;

A: The Internet got its start in the US, and it was not until 1991 that the first World Wide Web was introduced. It was developed for military use. The Internet began to serve scientific and commercial purposes around the mid-1990s. Many Chinese Internet giants were established around 1999, including Alibaba, Tencent, Baidu, Netease, Trip.com, Shanda and JD.com.

After I joined Shanghai Daily, we were given orientation training, during which we discussed Google. We asked: &ldquo;There&rsquo;s nothing but a blank box on the search page, so what will be Google&rsquo;s business model?&rdquo; None of us had an idea. We stared at each other with a blank expression.

Newspapers and magazines in China and the US went online almost at the same time. The New York Times launched nytimes.com in 1996, after about 20 years of digital transformation. In January 1995, the magazine, China Scholars Abroad, became the first publication in China to create an online version. In October of the same year, China Trade News became the first newspaper in the country to go online. In January 1997, People&rsquo;s Daily became the first central media outlet to join the World Wide Web. In November of the same year, Xinhua News Agency launched its own website. And in 2000, nine media outlets formed qianlong.com in Beijing, while 14 media outlets formed eastday.com in Shanghai.

In the beginning, many Chinese newspapers went online without sufficient knowledge about the difference between print and Internet versions when it came to designing content and style. In some cases, the Internet editions were nothing but a reprint of the print editions in unsearchable PDF formats. It is difficult to establish whether any Chinese newspaper at the time had an Internet &ldquo;gene.&rdquo;

Shanghai Daily, an English-language newspaper, was quick to keep up with the global trend. It quickly adapted to the Internet age and established itself as an influential player in the realm of Internet communication.

Q: The concept of &ldquo;Internet media&rdquo; is widely believed to have first appeared in China around 2000. A year later, the term was formally included into the title of a nationwide seminar hosted by Xinhuanet.com, the online edition of Xinhua News Agency. Since then, Internet media has progressively gained its market share in China. By the end of 2023, the number of Chinese netizens had risen to about 1.1 billion, accounting for 77.5 percent of the total population. In 2008, China had only 298 million netizens, or around 22.6 percent of its overall population.

According to certain American academic standards, a type of media can be classified as &ldquo;mass media&rdquo; if its users account for at least 20 percent of a country&rsquo;s total population. Would you describe, using the Social Shaping of Technology hypothesis, how Internet media has developed by leaps and bounds in China over the last 25 years?

&nbsp;

A: The Internet industry cannot grow without the support of policies, technology (ISP), content (ICP), and the market (including target audiences). For example, in January 1996, CHINANET was built to provide Internet services to domestic public computers. China established its four biggest portals &mdash; Netease, Sohu, Tencent and Sina &mdash; about a year later. Official data show there were 620,000 Chinese netizens by the end of 1997.

China&rsquo;s Internet sector experienced rapid expansion during the first decade of the 21st century, especially after the emergence of Alibaba and Baidu. For example, Tencent created its QQ platform in 2004, spearheading China&rsquo;s social media development. In 2005, Taobao became the country&rsquo;s largest online shopping site, and Netease created Westward Journey, China&rsquo;s first large-scale online game. The Internet landscape shifted dramatically from personal computers to mobile devices in 2009, thanks in large part to the issuance of 3G licenses. Sina first introduced Weibo in 2009, followed by Xiaomi, Meituan, Jumei, and iQiyi. Most crucially, the iPhone 4 ushered in a truly mobile Internet era, making the emergence of social media app WeChat conceivable. In the end, strong demand for information, social communication and electronic commerce combined to give China&rsquo;s Internet industry a shot in the arm.

Q: Official figures suggest China had more than 1 billion online audiovisual users by 2023. A user typically spends more than three hours per day using mobile audiovisual programs. Now that &ldquo;short videos are king,&rdquo; how should domestic media balance written and short video reports?

&nbsp;

A: The iPhones in 2012 made short videos popular. The smartphones&rsquo; high-quality screens and cameras make them ideal for photo and video production. However, typing words on the keyboards isn&rsquo;t that efficient.

Content created or presented on smartphones is fragmented because it caters to consumers who struggle to concentrate as they swipe their phones while moving around. In many cases, institutional media sources combine forces to produce short videos to meet the demand for this type of mobile and fragmented information. Short videos focus on the most dramatic part of a story while ignoring other vital details in order to capture buyers&rsquo; short attention spans. In contrast, written reports do a better job of conveying the entire story. Media outlets should remember this distinction and give each type of reporting its due.

Q: Many media outlets in Shanghai, such as Xinmin Evening News, enable the city and its citizens to communicate more effectively by providing various hotline services and timely news reporting on a wide range of public interest issues. Shanghai Daily launched City News Service to provide expats with information about work and living in the city. Can we call Shanghai &ldquo;communicative city?&rdquo;

&nbsp;

A: Although I did not coin the term &ldquo;communicative city,&rdquo; I do have my own understanding of it. A city is &ldquo;communicative&rdquo; if the public can easily access public interest information. Shanghai can be called a &ldquo;communicative city&rdquo; because the urban management is indeed open and transparent both in principle and in practice. A city can be as communicative as it wants. We should keep trying for a better tomorrow. Individuals, not just the media, can contribute significantly. Person-to-person communication goes a long way in making the city better. Shanghai should cultivate more talent in this regard.

Q: In an earlier discussion about developing journalism and communication theories with Chinese characteristics, you suggested scholars should further study China-related topics. China has over 1 billion netizens, a rich resource for academic studies. Should Chinese journalists dig deeper into this &ldquo;gold mine?&rdquo; Have Chinese media outlets like The Paper, Shanghai Daily, or Sixth Tone achieved this?

&nbsp;

A: China is indeed a &ldquo;gold mine&rdquo; for both journalists and academics. After identifying good Chinese news stories, Chinese media should convey them in a style that appeals to domestic and foreign readers. China&rsquo;s &ldquo;gold mine&rdquo; of uplifting stories needs more coverage. Finding the best stories is the only way to connect with foreign and domestic readers.

Shanghai Daily and Sixth Tone have produced a number of in-depth stories that interest both domestic and overseas readers. Shanghai Daily&rsquo;s reports about young people&rsquo;s lives during the pandemic period and the city&rsquo;s rural development are a case in point. Sixth Tone once published a report titled &ldquo;Longevity Pilgrims Go to Guangxi to Learn Secrets of Old Age,&rdquo; which detailed the simple and healthy lives of local people in the Guangxi Zhuang Autonomous Region in southern China. The strong human touch in these reports attracts readers.

Q: As an educator, what do you think students in journalism schools should learn aside technical skills such as how to create short videos? What are the essential characteristics of a good reporter in this era of integrated media development?

&nbsp;

A: In an era of integrated media development, print media are increasingly transformed into digital platforms, while journalists&rsquo; pen and paper are supplemented or replaced by audiovisual devices. So, naturally, we should teach students how to take notes and communicate using digital devices.

The core qualities of a good journalist haven&rsquo;t fundamentally changed with media formats. Those core qualities boil down to a journalist&rsquo;s ability to discover or determine the &ldquo;newsworthiness&rdquo; of an event through reflective thinking, critical judgment, and efficient expression. This ability is critical to every journalist, indeed everyone. This ability is fundamental to the core qualities of a proficient digital communicator. This is what we educators should keep in mind when it comes to curriculum design.

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		<link>http://www.shanghaidaily.com/business/ESG-practices-debated-as-brand-equity-forum-touts-highquality-development/shdaily.shtml</link>
		<title>ESG practices debated as brand equity forum touts high-quality development</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:39:00 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[THE launch ceremony of “Brands Bring Better Future for the World — Global Forum for Brand Equity Strategists” was held in Shanghai yesterday.

The event brought together over a hundred exceptional brands ]]></description>
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		THE launch ceremony of &ldquo;Brands Bring Better Future for the World &mdash; Global Forum for Brand Equity Strategists&rdquo; was held in Shanghai yesterday.

The event brought together over a hundred exceptional brands from domestic and international markets, as well as professionals from government, industry, academia, and media to discuss ESG (Environmental, Social, and Governance) practices.

The aim was to explore issues like environmental protection, social responsibility, and governance to promote high-quality and sustainable development.

During the forum, the focus was on the theme of &ldquo;Practice ESG Concept,&rdquo; and both Chinese and foreign brands jointly launched the annual &ldquo;Brands Bring Better Future for the World&rdquo; initiative. The event also launched the global collection of outstanding ESG case studies.

In the past two years, the consensus across various industries has been made to practice ESG principles and achieve ESG transformation. An increasing number of Chinese and foreign brands have come to realize the positive value of green, low-carbon, and high-quality sustainable development.

Top Chinese and foreign brands engaged in discussions on this theme at the forum. China (Shanghai) Pilot Free Trade Zone Lujiazui Administration Bureau, Michelin, Castrol, L&rsquo;Or&eacute;al, and UESG presented their ESG practice cases.

Wang Lei, director of Xinhua news agency&rsquo;s News &amp; Information Center, noted that ESG has evolved from a multiple-choice question to a new requirement and opportunity in the context of the times. It has become a question that more and more brands must answer. By playing a leading role in brands, while pursuing their own high-quality development, and actively contributing to global sustainable development in terms of the environment, society, and governance, brands can respond to global challenges with a more proactive stance. They can take on broader and far-reaching social responsibilities and global roles. This is the inherent meaning of &ldquo;Brands Bring Better Future for the World.&rdquo;

Xiao Jian, Party secretary and director of China (Shanghai) Pilot Free Trade Zone Lujiazui Administration Bureau, said that Lujiazui was the first nationally named development zone with a focus on finance and trade in China. After over 30 years of development, it has become an international financial center known for attracting both domestic and foreign firms, comprehensive functional elements, active market transactions, and a gathering of global talents.

Matthew Ye, president and CEO of Michelin China, stated that when looking ahead to 2030 and 2050, Michelin&rsquo;s pursuit and dream is that everything in the future should be sustainable. This means that all of Michelin&rsquo;s actions will take into account the factors of people, profits, and the environment in a balanced manner. This has already become the &ldquo;first law of Newton&rdquo; at Michelin, applied to all decisions and actions.

Min Huilin, vice president of Castrol Global and president of Castrol Greater China, pointed out that Castrol has always been committed to promoting sustainable high-quality development. It continuously researches and optimizes products and services to help customers achieve energy conservation and emission reduction.

Janet Sarah NEO, chief sustainability officer for North Asia and China at L&rsquo;Or&eacute;al, observed that consumer behavior has the main impact on consumer products and the beauty industry. As an industry leader, L&rsquo;Or&eacute;al believes it&rsquo;s the brand&rsquo;s responsibility to drive changes in sustainable consumer behavior.

Qu Tingxian, director and president of United Environmental Services Group (China), said in the process of China&rsquo;s green and low-carbon transformation and development, ESG is becoming an internal driving force and lever for businesses. This makes ESG a huge opportunity in China, as it not only helps drive economic transformation but also contributes to strengthening international cooperation, working together to achieve global sustainable development.

In order to actively promote high-quality sustainable development and drive the construction of the ESG ecosystem, representatives from various brands, this time also including Fosun Pharma, lululemon, Nike China, Unilever, 3M China, PwC, Pinzhi Education, and Gaoxian Robotics, jointly launched the annual initiative of &ldquo;Practicing ESG Concept&rdquo; and &ldquo;Brands Bring Better Future for the World&rdquo; at the event.

The Sino-Foreign Brand Forum has been held for five straight years. It has fully leveraged its platform advantages, expanding the &ldquo;circle of friends&rdquo; for Chinese and foreign brands.

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		<link>http://www.shanghaidaily.com/business/Focus-on-green-open-to-collaborate-and-innovate/shdaily.shtml</link>
		<title>Focus on green, open to collaborate, and innovate</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[FortiveFortive is about essential technology for the people who accelerate progress.]]></description>
		<content:encoded><![CDATA[
		FortiveFortive is about essential technology for the people who accelerate progress. Our strategic segments — Intelligent Operating Solutions, Precision Technologies, and Advanced Healthcare Solutions — include well-known brands with leading positions in their markets. We partner with our customers to raise the bar for standards of patient care, food and beverage safety, workplace safety, sustainability, compliance, and reliability.`This is the sixth year that Fortive exhibited at China International Import Expo, where there are vast opportunities to see industry-leading businesses, cutting-edge technologies, and to learn new ideas for future innovation.Fortive’s Fluke acoustic imager and thermal camera has been presented at CIIE with technological upgrades every year. The newest Fluke ii910 Precision Acoustic Imager with MecQ™ Mode provides a modern solution that can detect potential problems in conveyor systems before they worsen. This allows maintenance teams to take proactive steps and maximize system performance. Fluke iSee™ Mobile Thermal Camera is a portable device with compact design that can measure temperature, capture infrared images and shoot infrared videos easily with a mobile phone.This year’s Fortive showcase at CIIE also centers on our commitment to sustainability. Creating a sustainable future for all has been a priority since Fortive’s founding and is embedded in our shared purpose. From 2019-2022, we achieved a 22.4 percent reduction in absolute Scope 1 and Scope 2 GHG emissions, tracking toward our 2029 goal to reduce absolute Scope 1 and 2 GHG emissions 50 percent from 2019 levels. And we are targeting to reduce water use by 10 percent across major operations by 2029, from 2022 levels. Sustainability is a universal call to action. China has made the commitment to peak its carbon emissions before 2030 and achieve carbon neutrality before 2060. We remain committed to supporting the sustainable development goals for our customers too.And, transportation is one of the key sectors amid a larger drive to foster green and high-quality development over the long run. Traction inverters and motors are at the heart of the Electric Vehicles (EV)’ powertrain. Efficiency improvements within these subsystems translate directly into better range, performance, and cost of the vehicle. With Tektronix’s test and measurement solutions, we enhance EV performance with end-to-end visibility.Recently we announced our agreement to acquire EA Elektro-Automatik to enhance our leading position in electronic test and measurement, helping to enable the global energy transition. EA is a leading supplier of high-power electronic test solutions for energy storage, mobility, hydrogen, and renewable energy applications, with their China branch office in Shanghai. This deal marks an important milestone on our path to helping our customers solve power efficiency challenges and create a more sustainable and electrified world.In a market with the size and passion for innovation, there remain significant opportunities. Collaboration is key to unlocking these opportunities. Rooted in the culture of Fortive Business System (FBS) for continuous improvement, the relentless pursuit of innovation and doing things better is an integral part of Fortive’s DNA. We value the cross-linking of knowledge and know-how from our customers and partners across different industries, which opens up new perspectives and discovers new ideas to unlock more possibilities.
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		<link>http://www.shanghaidaily.com/business/Demonstrating-breakthroughs-in-health-care-to-benefit-Chinese-patients/shdaily.shtml</link>
		<title>Demonstrating breakthroughs in health care to benefit Chinese patients</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[Edwards LifesciencesEdwards Lifesciences is a global leader in patient-focused medical innovations for structural heart disease, as well as critical care and surgical monitoring.]]></description>
		<content:encoded><![CDATA[
		Edwards LifesciencesEdwards Lifesciences is a global leader in patient-focused medical innovations for structural heart disease, as well as critical care and surgical monitoring. Our global leadership position has been built by cultivating relationships of trust and collaboration focused on helping patients. We are very proud to continue this legacy by helping to build a healthier China.As China’s most significant import exhibition, the China International Import Expo very much facilitated international companies like Edwards Lifesciences, to showcase breakthroughs in health care which will support the country’s goals to achieve better care for all.Featured the theme “Patient First, Forward Together,” Edwards Lifesciences is pleased to participate for the fourth time in CIIE. We are excited to demonstrate our breakthrough innovations for Chinese patients, in surgical, transcatheter heart valve therapies and critical care monitoring technologies. Each of our innovations is driven by excellent clinical outcomes.At CIIE, Edwards Lifesciences will showcase several core innovative technologies, including our transcatheter aortic valve system SAPIEN 3, INSPIRIS RESILIA surgical aortic valve and the HemoSphere monitoring platform with the Hypotension Prediction Index (HPI) technology — all of which, have gained approval and have launched in China. Additionally, in 2021, we began our collaboration with China’s health-care provider, Mindray. Up to now, this innovative FloTrac technology has been adopted by more than 100 major hospitals in 15 municipalities and provinces across China.Structural heart disease is a pressing issue affecting many middle-aged and elderly Chinese population. At the end of 2022, more than 280 million people in China were 60 years old or older, which is equivalent to 19.8 percent of the total population. This number is expected to exceed 300 million by 2025 and 400 million by 2033, which means that China will be one of the countries with the world’s largest aging populations. With this population growth, it leads to the increased demand for medical technologies and health-care services.Edwards Lifesciences puts patients at the heart of our decisions, and act boldly, decisively, and with determination, to deliver solutions that advance the quality of care and improve patients’ lives, including Chinese patients. We have a 20-year history in China, and we are proud that more than 1.5 million Chinese patients have benefited from our innovative technologies. We are also excited to advance our partnership with physicians in the fields of structural heart disease and critical care to serve more Chinese patients in years to come.Edwards Lifesciences is committed to working as a trusted partner in China to bring new technologies to address unmet needs in structural heart diseases and provide greater access for Chinese patients.
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		<link>http://www.shanghaidaily.com/business/Leading-the-shared-future-of-dairy-nutrition-and-sustainability/shdaily.shtml</link>
		<title>Leading the shared future of dairy nutrition and sustainability</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[FonterraThe China International Import Expo stands as a pivotal platform that enhances trade, fosters mutual understanding and unlocks growth opportunities between China and the world.]]></description>
		<content:encoded><![CDATA[
		FonterraThe China International Import Expo stands as a pivotal platform that enhances trade, fosters mutual understanding and unlocks growth opportunities between China and the world. As a leader of dairy nutrition from New Zealand, Fonterra is honored to have participated in CIIE for six consecutive years.For more than 40 years China has been a growing market for New Zealand and therefore Fonterra. Over this time, we’ve seen a rapid pace of change as we continue to innovate and work together to achieve outcomes that benefit both New Zealand and China.CIIE provides another opportunity for this work to continue as we look to build on these partnerships and continue to provide high quality innovative dairy nutrition to our customers here in China.Over the past five years, Fonterra’s engagement in CIIE has seen a fivefold expansion in booth size and contract numbers. Our theme has evolved from “one bite of New Zealand” to a more profound focus on “Sustainability and Cheese Nutrition.”Through the CIIE platform, Fonterra brings the goodness of New Zealand dairy to the Chinese market and shares a vision of future growth with China. We have achieved successful growth in China for over four decades. Now China is one of the most important strategic markets for Fonterra.A globalized and connected economy is beneficial to all the industry players. Attributed to China’s increasing openness to the world, China and New Zealand established a stable relationship between the two countries and upgraded the free trade agreement.In this context, there is strong alignment between Fonterra’s priorities and Chinese government priorities such as nutritional targets for dairy consumption and China’s sustainability targets of emission reduction. Opportunities abound for us to collaborate in addressing these challenges and shaping a shared future. This also underpins our unwavering commitment to long-term development within the Chinese market.Innovation is a common theme of Fonterra’s history and success in China. As a trusted partner, Fonterra is committed to sharing our advanced technology, industry expertise and insights with our partners to grow together with the local industry and society.At CIIE 2023, Fonterra provides sustainably produced, high-quality and nutritious dairy products from New Zealand with locally driven innovative solutions to meet the needs of Chinese customers. Notably, we showcase a diverse array of new products and applications co-created with local customers, responding to the unique “China Speed.”Today, consumers are in pursuit of increasingly nutritious solutions to enhance and protect their personal health. Fonterra is proactively capturing this latest trend and developing new applications with a particular focus on cheese nutrition. Fonterra’s key products introduced in CIIE 2023 demonstrate the nutrition advantages to meet the growing nutrition and health demand of market and contribute to the country’s priority of Healthy China.Fonterra aspires to be a leader in sustainability. For decades, we have been committed to producing dairy nutrition in a manner that cares for people, animals, our environment and creates value for our communities. On a global scale, our aspirations encompass achieving Net Zero by 2050 — with plans to invest NZ$1 billion in sustainability initiatives by 2030. Recently, we have elevated our decarbonization ambitions by aiming for a 50 percent absolute reduction in Scope 1&amp;2 emissions by 2030, relative to a 2018 baseline.In the Chinese market, we remain resolute in our dedication to aiding the industry in achieving sustainability together. This year at CIIE, Fonterra will join hands with industry partners and associations to launch environmental protection initiatives in support of the sustainable development of the local community.
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		<link>http://www.shanghaidaily.com/business/Respond-to-inspiration-for-highquality-food-and-better-lives/shdaily.shtml</link>
		<title>Respond to inspiration for high-quality food and better lives</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[Samyang RoundsquareThis year, Samyang Roundsquare independently participates in the China International Import Expo for the second consecutive time.]]></description>
		<content:encoded><![CDATA[
		Samyang RoundsquareThis year, Samyang Roundsquare independently participates in the China International Import Expo for the second consecutive time. This marks a new chapter for us, as it is the first time that we attend a key state-level expo, since we introduced our new corporate brand this September. We are grateful to the Chinese government for providing us with such an important platform and all the important partners who are making it possible for us to participate.I am honored to attend the CIIE in person for my first time. As the world’s first import-themed state-level expo, CIIE demonstrates China’s confidence in and commitment to opening up to the outside world. This year, over one hundred executives from leading companies’ global headquarters have confirmed their attendance in CIIE, a new record for the event, and I am very pleased to be a member of CIIE’s “circle of friends.”Since it was founded in 1961, Samyang Roundsquare has been following the “honesty and trust” principle and achieved continuous growth. Now we have grown into a world-leading food company. Over the past decade, Samyang Roundsquare has expanded rapidly as its global sales hit KRW 1 trillion (US$720 million). Our product portfolio covers ramyeon, sauces, puffed foods, frozen foods, and etc It is worth mentioning that we are also the inventor of Buldak Ramyeon.China is a very important overseas market for Samyang Roundsquare and therefore we decided to set up the China company in 2021. Last year, our sales in China reached 25 percent of Samyang’s total global exports; and it is expected that the total sales in China, combining both online and offline channels, will set new records this year.Our booth at this year’s CIIE will feature many highlights under the theme “Samyang New Food World,” The size of our booth has nearly doubled compared with last year and we will provide more interactive exhibits. We will debut new health-conscious line-up to China at the expo, such as the “tangle” series, the non-fried instant noodles featuring taste that combines Asian and Western food, “COOTIQ,” an updated non-fried instant noodles adding unique tweaks to the premium menu, as well as “Korean Style Sweet and Spicy Fried Chicken Flavor Buldak Ramyeon,” a new product exclusively customized for the Chinese market.Together with Chinese consumers, we are witnessing history. As China’s reform and opening-up continue, high-quality development deepens, and under the government’s common prosperity policy, Chinese people are now leading a more prosperous and fulfilling life.The fruits of high-quality development are now transforming into a high-quality life for the Chinese people. This is also demonstrated in the evolution of the meaning of “food” in our lives. Much more than a necessity, food now also serves as a bond linking culture and relationships. Samyang Roundsquare believes that “Food for Thought” is a trend of our time. The concept envisions a better world where food itself becomes a topic of conversation.Welcome to visit our booth, and we are looking forward to hosting more Chinese friends where everyone can learn more about Samyang Roundsquare’s history, brand spirits and innovative new products while also drawing a blueprint for their own high-quality life.
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		<link>http://www.shanghaidaily.com/business/Heralding-a-new-era-of-vision-with-cuttingedge-solutions/shdaily.shtml</link>
		<title>Heralding a new era of vision with cutting-edge solutions</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[EssilorLuxotticaThis is the sixth consecutive year for EssilorLuxottica to be participating in the China International Import Expo, as it provides a gateway into connecting with Chinese partners]]></description>
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		EssilorLuxotticaThis is the sixth consecutive year for EssilorLuxottica to be participating in the China International Import Expo, as it provides a gateway into connecting with Chinese partners and consumers to celebrate the country’s vast potential. With our Mission to help people around the world “see more and be more,” we are committed to providing groundbreaking products that correct, protect, and frame the beauty of the most precious and powerful sensory organ: our eyes.The sixth edition of CIIE is held in full force, signifying the first complete return to in-person exhibitions for the event since COVID-19. As the globe’s first national-level exposition dedicated to imports, the CIIE serves as a resounding testament to China’s unwavering dedication to promoting high-level opening-up. This not only provides more opportunities for foreign companies to develop in China but also contributes significantly to the steady development of the global economy.Vision health is a global health problem that has not received enough attention to date, especially in China. There are 2.7 billion people with uncorrected poor vision globally and 600 million are in China, even though 80 percent of poor vision can be corrected with existing solutions. This is why CIIE is an ideal platform for us to raise public awareness on the issue and on the entire eye health lifecycle, as well as present innovative solutions to address people’s evolving vision needs.Based on the theme “New Era of Vision, Protecting Health, Creating the Future,” we showcase Varilux XR series, the Group’s latest generation of progressive lenses which goes beyond prescription and responds to the wearer’s visual behavior predicted by artificial intelligence; as well as latest innovations from our flagship brands including Ray-Ban, Oakley, Crizal and Transitions.Our booth this year also has a focus on myopia management, light management, and vision adjustment management. In terms of instruments, a new workshop range will be unveiled with the goal of facilitating the mounting procedure, improving the working environment, and promoting the technical expertise and creativity of eye-care professionals. These include the TCB 800 automatic reader-centerer-blocker as well as three grinders: ES 700, ES 800, and ES 800M. The refraction station, Vision-S 700 will also make its debut, as it revolutionizes the refraction process and enhances the patient journey.At EssilorLuxottica, we believe that good vision is a basic human right. It enables people everywhere to learn, work, express themselves and fulfil their potential. As a passionate industry leader and advocate for the vision cause, we have been committed to establishing a vision health ecosystem alongside our key partners including governments, private enterprises, hospitals, academic institutions, and media for years now.At the CIIE 2023, we are announcing a series of initiatives with our partners to jointly enhance public awareness and further promote industry consensus and standardization. For example, we will kick off the digitalization of “Our Eyes,” a 3D book which combines real-life storytelling with music, animation, and customized content to help children and adolescents learn more about myopia.Thanks to the openness of the CIIE, we can bring cutting-edge vision solutions to Chinese consumers from the get-go, raise greater awareness of the importance of good vision and deepen collaboration with our industry partners as we work towards helping to eliminate poor vision in China. We would like to express our best wishes for this year’s CIIE and look forward to another edition full of openness, innovation, and cooperation.
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		<link>http://www.shanghaidaily.com/business/Great-biz-environment-makes-Pudong-the-best-longdistance-run-partner/shdaily.shtml</link>
		<title>Great biz environment makes Pudong the best ‘long-distance run’ partner</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[Li Xinran]]></dc:creator>
		<description><![CDATA[Shanghai’s Pudong is focused on implementing an ambitious “6G” plan, the head of the new area said during a promotion at the ongoing 6th China International Import Expo on Monday.]]></description>
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		Shanghai’s Pudong is focused on implementing an ambitious “6G” plan, the head of the new area said during a promotion at the ongoing 6th China International Import Expo on Monday.Wu Jincheng, acting director of Pudong, said: “We are implementing an action plan to gather six high-end functional entities and promote high-quality development.”The six are: Group Open Innovation Center Plan, Growth by Industrial Digitalization, Global Operation Program, Global Consumer Brand Cluster, Global Institutional Investors Cluster and Global Economic Organization Cluster, Wu revealed. The aim is to create an excellent business environment in the pioneering area and promote the high-level opening up of Pudong to the outside world.“Pudong is deeply implementing the strategy of upgrading the pilot free trade zone; benchmarking international high-standard economic and trade rules; promoting institutional openness in rules, regulations, management, standards, and other areas; and striving to introduce a series of innovative measures in fields such as foreign investment access, market openness and cross-border data flow,” Wu told a parallel session of the Hongqiao International Economic Forum at the CIIE earlier.Hub node to the worldPudong’s Party secretary Zhu Zhisong pointed out “Pudong is a hub node for China to connect with the world, giving birth to China’s first bonded zone and first pilot free trade zone.“In the future, more firsts will be born here, allowing enterprises to better serve China, and the world.”In 2022, the gross domestic product of Pudong exceeded 1.6 trillion yuan (US$219.8 billion), with the per capita GDP exceeding US$40,000, and the total import and export volume of foreign trade hitting nearly 2.5 trillion yuan.Ernst&amp;Young noted Pudong’s unparalleled forward-looking policies and industrial planning have pointed out the direction for enterprise development. Choosing the new area is choosing a forward-looking long-distance partner.Kelvin Li, managing director of Cushman &amp; Wakefield East China, described Pudong as an important consumption, economic and financial core area in Shanghai which is rapidly advancing the construction of an international consumption center.“Pudong is the largest distribution center for imported consumer goods in China. The import volume of medicines and cosmetics accounts for around 20 percent of China’s total, and the import volume of watches and liquor products accounts for about one-fourth of China’s total,” he noted.“Pudong is the first choice for international brands to enter the China market, and the brand agglomeration effect is very evident. Cushman &amp; Wakefield data shows that nearly one-third of the world’s top 100 retailers have entered the Pudong market.“Many well-known brands have entered Pudong. For the full-year 2022, 203 brands opened  new stores in the new area.”Charlotte Lu from Deloitte China believes Pudong will unleash greater potential in “breaking” and “making.” “Pudong will further expand its horizons of going global by pioneering with demonstrative pilots,” she observed.In June, Pudong took the lead in implementing a pilot program for importing remanufactured products. Volvo became the first enterprise to benefit from the pilot program and imported the first remanufactured engine.‘Innovation Reception Hall’“The development of such pilots brings more possibilities for enterprises to explore business growth. They are also looking forward to higher quality pilots in the future, so as to quickly connect with the international community,” Lu noted.PricewaterhouseCoopers defines Pudong as a world-class “Science and Technology Innovation Reception Hall.”Shanghai has 20 grand scientific facilities constructed, under construction, or planned, 14 of which are located in Pudong. Among the three national-level laboratories, Pudong has two. The new area possesses an entire chain of scientific and technological public service system ranging from research and development to the transformation of achievements, facilitating enterprises to carry out technology practices and innovations.Pudong has gathered 13 financial markets and infrastructure along with 1,181 licensed financial institutions, making it one of the most robust regions in the global financial system with the highest concentration of financial institutions, according to the company that has been engrained in the new area for three decades.CBRE China is also full of confidence, citing its combined advantages in terms of industrial chain clusters, talent, government efficiency, business environment and market scale, which are the core factors that smart manufacturing companies take into account when selecting locations.In 2022, the new area’s manufacturing output in strategic emerging industries accounted for 39 percent of the city’s total, of which new-energy vehicles, new-generation information technology and biomedicine took up 69 percent, 43 percent and 35 percent, respectively.
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		<link>http://www.shanghaidaily.com/business/House-of-Dior-reaffirms-unwavering-friendship-with-China-at-CIIE/shdaily.shtml</link>
		<title>House of Dior reaffirms unwavering friendship with China at CIIE</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[Dior is once again taking part in the China International Import Expo during which the House and the LVMH Group reaffirmed their unwavering friendship with China through the prism of passionate inventiveness]]></description>
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		Dior is once again taking part in the China International Import Expo during which the House and the LVMH Group reaffirmed their unwavering friendship with China through the prism of passionate inventiveness that pushes the boundaries of excellence.From Christian Dior to Maria Grazia Chiuri and Kim Jones, the artistic directors and successors to the founding couturier have infused their collections with inspiration that radiates the splendors of this culture so dear to Dior, thanks to captivating dialogues.For the sixth edition of the CIIE, the House of Dior has chosen to spotlight a series of exceptional pieces, symbols of its creativity reflecting the many affinities it has forged with China.The exhibition features hats from the Dior Summer 2024 men’s line, strewn with “Ronghua” — exquisite velvet flowers that have been produced in China since the Tang  dynasty (618-907) — alongside two outfits specially dreamed up by Chiuri to highlight the traditional fabrics of the Chinese intangible cultural heritage of the Dong ethnic group in Guizhou Province. A timeless icon, the Lady Dior is revealed in its most bewitching variations, including a model revisited by Liu Jianhua for the Lady Dior As Seen By project. An object of art and desire, this emblematic bag has also been reinterpreted for the eighth edition of Dior Lady Art by artist Xu Zhen, whose virtuoso works were unveiled for the first time.The poetics of reinvention is embodied notably by the Medallion chairs conceived by Chinese architect Ma Yansong for the Salone del Mobile in 2021, and Le Cabinet Extraordinaire, a beauty box, the fruit of a collaboration with design studio Neri&amp;Hu, merging the heritage and future of the Maison.To prolong this unique odyssey, visitors will first be invited to discover in video the shared history written between Dior and China. A second film will be dedicated to the partnership  between Dior and the 25th Shanghai International Film Festival, relating the precious, ever-expanding, ever-renewed links between the House and the world of cinema.As a final surprise, the LVMH pavilion will host a Cabinet of Curiosities, featuring the Lady Dior redesigned by Li Shurui for the third Dior Lady Art, as well as the limited edition Miss  Dior Blooming Bouquet with its mischievous Bobby bottle.It is a multi-faceted celebration paying homage, through all its universes, to the creative audacity of the House of Dior.Dior’s enduring connection with China has spanned decades. The roots of Dior’s affinity for China can be traced back to Christian Dior himself, who, without ever visiting China, designed a model baptized “Shanghai” for his 1948 spring-summer collection. This taste was already present in the Asian-inspired decoration and ornamentation of his childhood home.Recalling these influences, the couturier expressed his fascination for China in his collections, as evidenced in his silhouettes Pékin, Nuit de Chine, and Bleu de Chine. He furthermore spotlighted the art of calligraphy and ideograms with a print on a dress in the 1950 Verticale line.In 1980, these exchanges continued and crystallized: Dior opened its first address in Hong Kong, followed by Shanghai in 1994. In Beijing in 2008, 21 artists from the Chinese avant-garde revisited the Maison’s universe and codes at the Ullens Center for Contemporary Art (UCCA).Then, after Beijing and Shanghai, the Lady Dior As Seen By touring project made a stop in Hong Kong in 2013. Designers from around the world were invited to share their vision of the iconic bag. The same year saw the Esprit Dior exhibition at Shanghai’s MoCA, followed the year after by Miss Dior, which traveled in 2015 to Shanghai Sculpture Space and then to Beijing’s UCCA Center for Contemporary Art, showcasing the work of a number of leading female artists. Between 2014 and 2015, Le Théâtre Dior was staged in various cities, starting with Chengdu.Another high point, Monsieur Dior’s love of the color blue was honored in 2017 at the I Feel Blue exhibition at the West Bund Art &amp; Design. In 2019 and 2020, the Shanghai Exhibition Center hosted the fourth and fifth editions of Dior Lady Art, exalting Lady Dior. In September 2023, this exceptional bag was once again illuminated in an unprecedented retrospective in Qingdao, focusing on several reinterpretations by six Chinese artists over the course of the different editions of this singular project.Affirming even further this admiration, the Maison’s collections are regularly flown to China for exclusive défilés, such as the spring-summer 2018 haute couture show at the Shanghai East Coast Minsheng Art Pier that preceded a sumptuous Dior Ball. The spring-summer 2020 ready-to-wear line — presented, after Paris, at the Shanghai Exhibition Center — was enhanced by a capsule partly inspired by the Mutabilis rose, devised as a poetic tribute to Chinese culture.For Fall 2021, Dior joined the official Shanghai Fashion Week calendar as guest of honor. The outfits designed by Chiuri were shown in a new light, during a repeat show — complete with several new silhouettes — held at the Long Museum West Bund.These strong bonds are renewed through the Art’N Dior exhibitions traveling around the country, from Shenzhen to Shanghai and Nanjing. The ode to the legacy of Christian Dior — who was a gallery owner before becoming a couturier — offers a gripping journey into the history and creativity of House.On the occasion of the China International Import Expo (CIIE), alongside the LVMH Group Houses, Dior has reaffirmed, more than ever since 2019, its unfailing friendship with China, through the prism of passionate inventiveness that pushes the boundaries of excellence.A celebration of dreams, joy and creative beauty in all its forms, reinforces the multiple affinities that unite Dior with Chinese culture.
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		<link>http://www.shanghaidaily.com/business/Covestro-showcases-its-latest-achievements-at-the-6th-CIIE/shdaily.shtml</link>
		<title>Covestro showcases its latest achievements at the 6th CIIE</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[Covestro, the German materials manufacturer, made its third consecutive appearance at the China International Import Expo (CIIE), an annual event dedicated to promoting imports into China and fostering]]></description>
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		Covestro, the German materials manufacturer, made its third consecutive appearance at the China International Import Expo (CIIE), an annual event dedicated to promoting imports into China and fostering international trade and cooperation.Under the banner of “Becoming Fully Circular and Climate Neutral,” Covestro showcases its latest achievements and its vision for circularity during the annual event between November 5 and 10 at the National Exhibition and Convention Center in the outlying Qingpu District.In a world facing climate change and pressing challenges in various sectors, Covestro remains committed to addressing these issues through innovative materials solutions and promoting a circular economy, the company said. Collaboration with partners plays a crucial role in this endeavor.“The CIIE has consistently proven to be a highly rewarding endeavor for Covestro. It offers a unique platform to strengthen partnerships and promote our approach to becoming circular and how we can support downstream industries to do the same,” says Holly Lei, president of Covestro China. “We are committed to delivering versatile solutions and exploring innovative business models in collaboration with value chain partners both within and beyond the CIIE venue, in support of China’s sustainable development.”This year, Covestro’s CIIE booth features dedicated areas, including “Beyond Mobility,” “Green Home,” “Renewable Energy” and “Fully Circular.” Several showcases are highlighting the pivotal role of sustainable materials in these sectors. Additionally, a dedicated “Covestro Story” area shall engage visitors, particularly those outside the chemical industry.For example, Covestro is showcasing polyurethane pultrusion composites for window frames, and highly efficient building insulation solutions at the “Green Home” zone. These solutions can support making buildings more energy efficient and causing less emissions – key to the sector, which is one of the major contributors of global emissions.Furthermore, during the CIIE, Covestro has entered into partnerships with major Chinese property developers, including Shanghai Pudong Development (Group) Co Ltd (PDG Group) and Shanghai Lujiazui (Group) Co Ltd, as well as key industry collaborators, to advance the widespread adoption of these green building solutions.These endeavors closely align with China’s stringent energy goals in the construction sector, addressing the urgent challenge of buildings contributing to over half of the nation’s carbon emissions, according to Markus Steilemann, CEO of Covestro, who is participating in the CIIE for the first time in person.“Covestro is devoted to becoming fully circular. At the same time, we help our customers and major industries to achieve climate neutrality through our material innovations. The construction industry, particularly in China, is central to this mission. With our new partnerships we will expedite the adoption of eco-friendly construction practices in China and jointly play a vital role in mitigating climate change,” added Steilemann.At the center of “Beyond Mobility” stands Chinese EV maker HiPhi’s latest luxury SUV — the HiPhi Y. It extensively incorporates Covestro’s advanced and sustainable material solutions in interior and exterior components. This includes the use of high optical performance polycarbonate in LiDAR lenses, taking advantage of the material’s temperature resistance up to 115 degrees Celsius along with its excellent infrared transmittance, ensuring the reliable and stable operation of the entire system.At the CIIE, Covestro and HiPhi also unveiled a joint lab to advance low-carbon materials and smart technologies for future mobility. Andre Rittermeier, head of Group Innovation and Sustainablity APAC at Covestro, said both companies will utilize their assets and research resources to contribute to the new lab.“So it’s not only we are developing and they are building it. It’s really a joint cooperation,” Rittermeier said in an interview.“As the mobility industry embarks on a journey toward carbon neutrality, the demand for circular, low-carbon footprint materials is growing rapidly and will only accelerate in the near future,” said Lily Wang, president of the Engineering Plastics segment at Covestro. “We hope to collaborate with more like-minded companies, like HiPhi, to accelerate the decarbonization trend and pioneer smart technology development at the same time.”Collaboration with ChinaOver the decades, Covestro has nurtured an exceptional level of collaboration with China, which accounts for 20 percent of the company’s global sales. The company’s investments into the country have amounted to 3.9 billion euros as of the end of 2022.Notably, Shanghai is home to its largest production site worldwide, APAC innovation hub and the global headquarters of one of its major business units, along with several key APAC regional headquarters functions.In September, Covestro broke ground on what will become the company’s largest production site for the versatile TPU material in Zhuhai, Guangdong Province.The company is also committed to pioneering climate neutrality and circular economy efforts in China. At its Shanghai production site, over 40 percent of its electricity needs is already covered by renewable power. At the same site, it recently inaugurated the company’s first dedicated mechanical recycling polycarbonate compounding line worldwide.
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		<link>http://www.shanghaidaily.com/business/Michelin-embraces-sustainability-at-CIIE/shdaily.shtml</link>
		<title>Michelin embraces sustainability at CIIE</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[With passion, we innovate for a better life in motion,” is the theme of leading mobility company Michelin at this year’s China International Import Expo.]]></description>
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		With passion, we innovate for a better life in motion,” is the theme of leading mobility company Michelin at this year’s China International Import Expo.To achieve this, the company has created a Michelin Circuit Park, which fully showcases the culture and passion of Michelin motorsports, including the inspiration for a sustainable city, its vision and belief in continuous innovation, and plan to create a better life through cooperation.The circuit was chosen as the structure for the park because circuits have a special significance for Michelin as the starting point for numerous innovations, indicating its race for change for more than 130 years. A park contains people’s happy memories and limitless imaginations, and is an ideal projection of a better life.The park consists of five exhibition zones – “Roller Coaster,” “Urban Fantasy,” “Inspiration Station,” “Creativity Square,” and “Tomorrow Land.” It connects Michelin and every visitor, connects innovation and life, and connects today’s expectations with tomorrow’s vision.The zones showcase Michelin’s performance, passion, and dedication on the track in racing, on the road in daily life, and en route for a perfect trip and food.“Michelin wants to highlight that it is green and environmentally friendly,” said Wang Zhaohua, senior vice president of Michelin (China) Investment Co Ltd.A tire made of 63 percent sustainable materials is the first entry exhibit of this CIIE, and is the first in Asia. The tires are adapted for the Mission H24, a prototype hydrogen racing car, and Porsche’s electric racing car, the Porsche 718 Cayman GT4 ePerformance.The sustainable materials used in this “green” tire include natural rubber, carbon black recovered from used tires, steel recovered from scrap steel, and extracts of orange peel, lemon peel, rosin, and sunflower oil.In 2021, Michelin showcased 46 percent sustainable material tires at the fourth CIIE. The 63 percent sustainable material tire marks a new chapter of Michelin’s story at the CIIE.Michelin has the ambition to have an average of 40 percent sustainable materials in tires across all product lines by 2030. “By 2050, all tires will be produced from 100 percent bio-based, renewable and recyclable sustainable materials,” Wang said.“We will achieve a full value chain covering raw material, production, distribution, sales, used tire recycling and consumer training to realize a green and intelligent Michelin.”The Michelin Guide is another highlight of the company, which features a 5-meter-tall red book at its booth. Because the first guide had a red cover, which is the same design used for the “Big Red Book” today, the Michelin Guide has always been known as the “Red Guide.”So far, there are five Michelin Guide destinations on the Chinese mainland — Shanghai, Guangzhou, Beijing, Chengdu, and Hangzhou. To highlight eco-friendly pioneer restaurants, the Michelin Green Star has been introduced to boost sustainable gastronomy and stimulate awareness and actions both within the industry and toward gourmets.Wang said Michelin wants to spread its “All Sustainable” approach, which emphasizes the right balance between people, profit, and planet.
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		<link>http://www.shanghaidaily.com/business/Amway-returns-to-CIIE-takes-aim-at-public-health-benefits/shdaily.shtml</link>
		<title>Amway returns to CIIE, takes aim at public health benefits</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Wed, 08 Nov 2023 00:38:59 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[With the 6th China International Import Expo kicking off in Shanghai on Sunday, China has once again signalled its intention toward true multilateralism and building a more open consensus.]]></description>
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		With the 6th China International Import Expo kicking off in Shanghai on Sunday, China has once again signalled its intention toward true multilateralism and building a more open consensus. Amway, the world’s largest direct selling company, is back at this year’s CIIE, and is targeting the public’s diversified needs for health and wellness-related products and services.Amway’s booth showcases the company’s dedication toward consumers’ core health demands, and its scientific research achievements and innovative products, shedding light on platform-level and personalized health solutions. It’s the latest representation of the company’s continuous efforts to enhance public health and make a contribution to the Healthy China blueprint.Amway (China) President Yu Fang said that the expo serves as an effective initiative to promote consumption and expand opening up, signaling China’s determination and commitment to share development opportunities with the world. This has greatly enhanced Amway’s confidence to make further investment in China, he added. Amway’s headquarters attaches great importance to the plethora of opportunities in the process of China’s modernization, and will comprehensively deepen its localization strategy in the country, continue to increase its investment, and actively integrate into the new pattern of domestic-international dual circulation.As the general public’s mindset has shifted toward disease prevention instead of treatment, health and wellness-related consumption has gained even higher attention and focus in China.  Amway said it has recorded positive growth and unveiled a new corporate strategy to fully embrace the unlimited growth potential in China’s modernization.At the six-day CIIE, the American company is focusing on the key health-related demands and scenarios such as nutritional balance, anti-aging, weight management, and cardiovascular health.It launched a series of holistic solutions and platforms which fully leverage the resources and expertise of its key product Nutrilite in the nutrition and health and wellness fields, to better satisfy the diversified and personalized consumer health needs, serving juveniles, adults, pregnant women, middle-aged and the elderly, as well as chronic disease patients. Entering China 28 years ago, Amway, which has businesses in over 100 countries and regions, has stayed in line with the country’s national strategy and has been pushing forward industry development by responding to latest market trends.China has remained the largest single market for Amway globally for 20 consecutive years.Yu also noted that since Amway participated in the first CIIE in 2018, it has accelerated the pace of new product launches and research and development efforts.It has been deeply integrated into the China market and the vast opportunities of consumption upgrade, while also comprehensively upgrading its localization strategy, and continuing to strengthen investment in the country.Over the past three years, Amway China has adjusted its corporate strategy and allocated more resources to fit well with the macro-policy of building a “Healthy China.”It has allocated more resources and enhanced its capabilities and expertise in the health and wellness field by positioning itself as a “promoter of holistic health” to intensify R&amp;D and innovation, and strengthened its digitalization and operational capabilities to build a strong and resilient business. Amway earlier this year announced ambitious plans to invest 600 million yuan (US$84.5 million) in its Guangzhou production base over the next five years to improve quality and efficiency as it pursues a progressive business vision.With its corporate vision of “helping people live a healthier and better life,” Amway will continue to pursue integrated development by joining hands with various stakeholders to create new value for high-quality development in China, the company said.
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		<link>http://www.shanghaidaily.com/business/Life-science-giant-Bayer-returns-with-Science-for-Better-theme-at-CIIE/shdaily.shtml</link>
		<title>Life science giant Bayer returns with ‘Science for Better’ theme at CIIE</title>
		<category><![CDATA[Business]]></category>
		<pubDate>Tue, 07 Nov 2023 00:44:00 +0800</pubDate>
		<dc:creator><![CDATA[]]></dc:creator>
		<description><![CDATA[BAYER, committed to its corporate mission of “Health for All, Hunger for None,” is returning to the CIIE for the sixth consecutive year with three divisions: pharmaceuticals (and radiology), consumer ]]></description>
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		BAYER, committed to its corporate mission of &ldquo;Health for All, Hunger for None,&rdquo; is returning to the CIIE for the sixth consecutive year with three divisions: pharmaceuticals (and radiology), consumer health, and crop science.

Its 700-square-meter booth area, themed &ldquo;Science for Better,&rdquo; is split into two subsections: Medical Equipment &amp; Healthcare Products and Crop and Seed.

Leveraging its strengths in healthcare and agriculture, Bayer will present a wide range of innovations, booth activities, and interactive experiences. The company has never before presented such a wide variety of exhibits at the CIIE. Bayer will also conclude several cooperation agreements with local partners to expand its Chinese partnership network, fully demonstrating its confidence and determination to expand its presence in China.

&ldquo;Bayer has been active in China for more than 140 years. And we have participated in this expo ever since it started in 2018. At this year&rsquo;s expo, we&rsquo;re putting that innovation on display in a 700-square-meter space,&rdquo; said Bill Anderson, chairman of the Board of Management (CEO) of Bayer AG. &ldquo;We&rsquo;re a company pursuing &lsquo;Health for all, Hunger for none.&rsquo; That&rsquo;s a bold mission, and it guides how we research new pharmaceutical medicines, build science-based, everyday health brands, and innovate to create new solutions for farmers. Wish you an insightful, invigorating experience with Bayer at the 2023 China International Import Expo!&rdquo;

Today, the CIIE has evolved into a &ldquo;driver&rdquo; and &ldquo;incubator&rdquo; for multinational enterprises to accelerate the introduction and landing of their innovative achievements in China. This year, Bayer will demonstrate more than 15 new releases and debuts.

Bayer&rsquo;s Pharmaceuticals Division focuses on presenting four innovative drugs covering the areas of chronic kidney disease, cardiovascular disease, oncology, and ophthalmology. Capitalizing on the &ldquo;spillover effect&rdquo; of the CIIE, Bayer&rsquo;s &ldquo;star exhibits&rdquo; at the previous expos, such as Kerendia&reg; (finerenone), Verquvo&reg; (vericiguat), and Nubeqa&reg; (darotamide), are presented as &ldquo;CIIE babies&rdquo; again at the sixth CIIE. In addition, Eylea&reg; HD (aflibercept) Injection 8 mg makes its debut in China at the CIIE. Bayer will also present its investigational anticoagulant asundexian, an oral Factor XIa (FXIa) inhibitor &mdash; for the first time at the expo.

For Radiology, Bayer highlights two innovative products making their debut in China &mdash; the new-generation of CT injection system MEDRAD&reg; Stellant FLEX and MR injection system MEDRAD&reg; MRXperion (WS 3.0), further empowering precision treatment.

Bayer&rsquo;s Consumer Health Division brings four products that are to be unveiled at the CIIE for the first time, namely Talcid&reg; Compound Digestive Enzyme, Bepanthol&reg; Body Lotion, Little Elevit&reg; DHA, and Little Elevit&reg; Infant Liquid Calcium, covering the full life circle and empowering the transformation of everyday health.

Under the theme of &ldquo;Regenerative Agriculture for Future Farming,&rdquo; Bayer&rsquo;s Crop Science Division focuses on exhibiting Bayer&rsquo;s products, solutions and its business progress in sustainability and innovation, including the Bayer Innovation Hub that focuses on local R&amp;D, Bayer Learning Center &mdash; a hub for agronomic training, products and tailored solutions showcasing, crop protection knowledge and novel technologies sharing, Bayer Direct Seeded Rice Planting System, easyFlow M Closed System for Pesticide Mixing and Empty Packaging Cleaning, and Phytobac&reg; mini Pesticide Wastewater Treatment System. At the same time, Bayer&rsquo;s Crop Science Division will present innovative agricultural technologies such as corn seeds, Bayer vegetables, and biotechnology in the Crop and Seeds subsection. It will launch new corn varieties including G1916, M1912 and DEKALB&reg; 698 for the first time in China at the CIIE, demonstrating its commitment to safeguarding food security through innovation.

At the 6th CIIE, Bayer will continue to expand its Chinese partnership network and conclude a series of strategic cooperations, injecting new vitality into the high-quality development of healthcare and agriculture through its expertise and strengths.

In the field of healthcare, Bayer has firmly grasped the opportunities of the times in the life science sector as well as consumers&rsquo; strong demand for healthcare products and services. During the CIIE, Bayer Pharmaceuticals will sign an agreement with the partner on Bayer Co.Lab in China. It is worth noting that, to further help Chinese consumers address stomach problems such as loss of appetite and indigestion, Bayer will sign a strategic cooperation agreement with Qianhong Bio-pharma on digestive system health. Moreover, Bayer will hold the Signing Ceremony of Strategic Partnership between Bayer &amp; SinoTrans on cross-border e-commerce business and international supply chain service system.

In terms of agriculture, Bayer&rsquo;s Crop Science Division will carry out a range of events with a focus on regenerative agriculture, including the release of Regenerative Agriculture Report and &ldquo;The 1st China Regenerative Agriculture &mdash; Growing Method Group Standard&rdquo; Forum. In addition, Embrace the Green Project &mdash; cohosted by Bayer Crop Science and China&rsquo;s National Agricultural Technology Extension Service Center (NATESC) was concluded in 2023. All project results yielded over the past five years are presented at the CIIE.

As an &ldquo;old friend&rdquo; attending the CIIE for six consecutive years, Bayer has always grasped the opportunities presented by the event and already signed in for the seventh CIIE in September this year.

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