Daily News-20191008

 |  Xinhua / China Daily

Today's point


High-level trade talks to resume Thursday


Clean coal a key ingredient in the battle for more blue skies


Finnish bottled water to be exported to China


Chinese home rental platform Q&K International Group seeks U.S. IPO



Quick view

1. High-level trade talks to resume Thursday

High-level trade negotiations between China and the United States will resume in Washington on Thursday, to be attended by Chinese Vice-Premier Liu He and United States Trade Representative Robert Lighthizer, both sides have confirmed.

It will be the 13th round of such talks since early last year, aimed at breaking the impasse between the world's top two economies that has been rattling stock markets, stifling international trade and weakening prospects for global economic growth.

The US Commerce Department announced Monday that it is blacklisting 28 Chinese entities that it alleges are involved in rights violations and abuses.

It is not immediately clear how the latest US blacklisting of Chinese firms, and the timing of the announcement, will affect the trade talks later this week. There was no comment from the Chinese side by press time.

"Under the leadership of President Donald J. Trump, United States Trade Representative Robert Lighthizer and Secretary of the Treasury Steven Mnuchin will welcome a Chinese delegation led by Vice-Premier Liu He for continued trade negotiations between the two countries starting on October 10, 2019," the White House said in a statement on Monday.

Early on Tuesday, China's Ministry of Commerce confirmed that at the invitation of the US side, Vice-Premier Liu, also a member of the Political Bureau of the Communist Party of China Central Committee and top trade negotiator, will travel to Washington for talks scheduled for Thursday and Friday.

The Chinese delegation also includes Commerce Minister Zhong Shan, central bank governor Yi Gang, and the National Development and Reform Commission's deputy head Ning Jizhe, according to a brief ministry statement.

Topics of discussion for the high-level talks will include "forced technology transfer, intellectual property rights, services, non-tariff barriers, agriculture, and enforcement", according to the White House statement.

(source: China Daily)


2. Clean coal a key ingredient in the battle for more blue skies

A view of Tian'anmen Square under the blue sky in Beijing, May 6, 2019. [Photo/IC]

BEIJING - Gao Xiang and his colleagues never pictured coal as a black cloud billowing from smokestacks or a sooty remnant of the Industrial Revolution.

"There are only unclean technologies; no unclean energy," said Gao, a winner of China's National Awards for Scientific and Technical Progress and a professor at the State Environmental Protection Engineering Center for Coal-Fired Air Pollution Control at Zhejiang University.

For years, researchers have been seeking to reduce coal's harsh environmental impact with multiple technologies, seeking a "burn cleanly" spell for China's major energy source.

"A clean system must adapt to these 'coal situations'," Gao said.

After more than 20 years of research, Gao and his team developed an ultra-low-emissions system to filter multiple pollutants from coal-fired flue gas quickly and cheaply. This has been successfully applied in a 1,000 MW unit in Jiaxing power plant as China's first demonstration plant.

Gao's work opened up new fields using multidisciplinary approaches. Through process intensification, each pollutant-control device can simultaneously remove several pollutants, hence increasing the total removal efficiency and reducing emissions from coal-fired utilities to a level even lower than the regulation set for natural gas combustion.

(source: Xinhua)


3. Finnish bottled water to be exported to China

HELSINKI, Oct. 4 (Xinhua) -- Bottled ground water from the Finnish city of Lahti will be transported on the China-bound trains next year, as a ground-breaking ceremony took place on Friday for a bottling facility.

Ville Skinnari, the Finnish Minister for Development Cooperation and Foreign Trade, initiated the ground breaking ceremony. He told the gathering that both the processing of water and logistics will meet sustainability criteria.

The bottling company is H204U, which has been authorized to use a million liters of Lahti water per day, local newspaper Etela-Suomen Sanomat (ESS) reported.

Some 100,000 cubic meters of fresh water gathers under the Salpausselka ridge every day. Thus the authorized amount is one percent of the daily output, ESS was told by representatives of the city of Lahti.

Aqua-Matters, a company owned by Singapore-based investor Allan Poh and his family, is involved in the investment, which is estimated at 20 million euros (22 million U.S. dollars), according to a press release by the city of Lahti.

Poh told newspaper Helsingin Sanomat that the bottles from Finland are scheduled to hit the shelves in Beijing in August 2020.

He said the company plans to sell the Finnish water to elsewhere in Asia and in North America.

Oleg Titov, a director of Aqua-Matters, told ESS that the quality of the Lahti ground water and its availability were decisive for the project.

(source: Xinhua)


4. Chinese home rental platform Q&K International Group seeks U.S. IPO

NEW YORK, Oct. 7 (Xinhua) -- Q&K International Group, which operates a long-term apartment rental platform in China, filed on Monday for an initial public offering (IPO) on the U.S. stock market.

The company plans to list on the Nasdaq under the ticker symbol "QK," with an expectation to raise up to 100 million U.S. dollars, according to its prospectus filed with the U.S. Securities and Exchange Commission.

Morgan Stanley and China International Capital Corporation Limited (CICC) are the joint bookrunners on the deal. No pricing terms were disclosed.

Founded in 2012, the Shanghai-based company booked 130.8 million dollars in net revenue for the nine months ended June 30, 2019, showed its prospectus.

Long-term apartment rental refers to apartment rental with a lease term of one month or longer.

Driven by the rapid urbanization, rising housing prices, millennial mindsets of sharing economy and supportive government policies, China's long-term apartment rental market is experiencing rapid growth, said the company.

The market size, as measured by rents paid by tenants, reached 1,512.0 billion yuan (about 211.5 billion U.S. dollars) in 2018 and is expected to reach 3,070.6 billion yuan in 2024, according to its filing.

(source: Xinhua)


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