Daily News-20191209

 |  Xinhua / China Daily

Today's point

1.Macro: 

Hidden magic of county-level economies

2.Industries:

China makes steady progress in adoption of clean energy

3.Trade:

Across China: Cross-border e-commerce aids business in small commodity hub

4.Companies:

Companies: Yashily, Bellamy's sign deal in New Zealand for CIIE 2020

 

Quick view

1. Hidden magic of county-level economies

Workers make socks at a production line in Dexing, a county-level city in Jiangxi province. The cotton socks are exported to all parts of the world. [Photo by Huo Zhongwei/For China Daily]

Reform, opening-up transform hinterland, benefiting China and the rest of the world

Though it is almost dinner time, Guanyun Midnight Charm Garment Co's warehouse in Guanyun county of East China's Jiangsu province is a beehive of activity. Workers busily print delivery waybills, stuff sensual underwear and various lingerie products into boxes, prepare parcels for dispatch...

The address labels on some parcels bound for the domestic market state the contents inside are garments (or household articles). This is to protect the privacy of the consumers concerned, besides making it easier for both courier firms and their deliverymen to sort various items.

Many parcels are bound for overseas markets as well. Guanyun county's overall daily delivery volume is around 20 million parcels, mainly to countries such as Japan, South Korea, Thailand, the United States, and many others in the European and Middle East Markets.

(Source: China Daily)

 

2.China makes steady progress in adoption of clean energy

Engineers check equipment at a photovoltaic power station in Tianchang, Anhui province, on Sept 2. [Photo by Song Weixing/For China Daily]

Construction of new coal-fired power plants across the world fell to their lowest level in a decade in 2018, with China accounting for nearly two-thirds of the fall, a new report said.

After peaking at 84 gigawatts of new capacity in 2015, coal project completions plummeted to 39 GW in 2018, demonstrating the steady progress in energy transition, said the report from Bloomberg New Energy Finance, or BNEF, a wholly owned unit of Bloomberg.

The report said that despite the spike in coal-fired generation, the pace of new coal capacity added to the grids in developing nations is slowing.

"The transition from coal toward cleaner sources in developing nations is under way," said Ethan Zindler, head of Americas at BNEF. "But like trying to turn a massive oil tanker, it takes time."

Zhao Changwen, director-general of the Department of Industrial Economy at the State Council's Development Research Center, said: "Energy transition is a medium-to long-term mission, and the fundamental driving force is technological progress, which will not happen overnight. Therefore, we must not have unrealistic expectations about energy transition.

(Source: China Daily)

 

3. Across China: Cross-border e-commerce aids business in small commodity hub

HANGZHOU, Dec. 8 (Xinhua) -- In the international mail exchange bureau in the eastern Chinese city of Yiwu, goods are automatically sorted and cleared before being sent directly to their export destinations.

The exported goods in the country's small commodity hub do not need to go first to the mail exchange offices in much bigger cities of Hangzhou and Shanghai, thus facilitating cross-border e-commerce.

Yiwu was the first county-level city to be included in China's third batch of comprehensive cross-border e-commerce pilot zones in July 2018. Dubbed as the "World's Supermarket," it receives more than 550,000 overseas buyers and sells commodities to more than 210 countries and regions every year.

Last year, cross-border e-commerce contributed to 65.5 billion yuan (around 9.3 billion U.S. dollars), or about 28 percent, of all the online sales revenue in the city.

(Source: Xinhua)

 

4. Companies: Yashily, Bellamy's sign deal in New Zealand for CIIE 2020

POKENO, New Zealand, Dec. 8 (Xinhua) -- Yashily and Bellamy's signed contracts with the China International Import Expo (CIIE) Bureau here on Sunday in Pokeno, a small town to the south of Auckland in New Zealand.

They became the first batch of dairy companies from New Zealand and Australia that received the admission tickets to the 3rd CIIE.

While the delegation from China International Import Expo Bureau was visiting Yashily's factory in Pokeno, south of Auckland, New Zealand, Bellamy's board passed the Mengniu acquisition proposal. Bellamy's will appear at the CIIE 2020 as a new member of the Mengniu family.

According to Australian Financial Review, both the Foreign Investment Review Board (FIRB) of Australia and Bellamy's board members had unanimously given Mengniu a green light to bid Bellamy's in the past three weeks.

"The rest is simply procedures need to be done by the local court. Should be finished by the end of this month," Peter Fridell told Xinhua during the sign ceremony at Pokeno with Mengniu's delegation.

In 2019, Bellamy's organic milk powder and the organic cereal ranked top positions in China's e-commerce platforms, Bellamy's Chief Operation Officer Peter Fridell said at the signing ceremony. He believed that benefiting from China's further open market, especially CIIE, Bellamy's Organic would stand a better chance of promoting organic life in future.

(Source: Xinhua)

(Should you have any question, please feel free to "Contact Us".)