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 Shanghai boasts fastest Internet speeds Alerter l'administrateur Recommander à un ami Lien de l'article 

SHANGHAI’S household and mobile broadband speeds were the fastest of any city on the Chinese mainland in the second quarter thanks to network upgrades and improved 4G coverage, according to a report by the industry regulator.Find the latest china it news, photos, videos and featured stories on Shine News. SHINE provides trusted national and world news as well as local and regional perspectives.

The average download speed in homes was 24.9 megabits per second and 23.9 Mbps for 4G mobile Internet — 16.8 percent and 18.2 percent above the national average respectively, the Shanghai Municipal Commission of Economy and Information Technology said.

Beijing ranked second for household and mobile download speeds. Shandong Province was the third fastest for homes and Jiangsu Province the third fastest for mobiles.

Carriers such as China Telecom and China Mobile have invested heavily in their networks while Internet firms such as Alibaba and Tencent have also poured capital and resources into the city.

The development of Shanghai’s fiber optic and 4G networks has intensified since 2016. At end-June, 86.8 percent of homes with Internet had fiber optic, the highest rate in the world.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 01-08-2018 à 08h10

 Fact Sheet: Communist Party Groups in Foreign Companies in China Alerter l'administrateur Recommander à un ami Lien de l'article 

Fact Sheet: Communist Party Groups in Foreign Companies in China    Chinese Communist Party (CCP) officials are increasingly calling on companies to support the creation of party organizations among their employees. The potential for party groups to influence corporate decision making has raised concern among some US company executives: What are foreign companies obligated to do, and how should companies respond to requests to establish party organizations in their China subsidiaries?To get more china business news, you can visit shine news official website.

China’s laws governing foreign invested enterprises are silent on party organizations. China’s Company Law, which applies to domestic as well as foreign-invested companies (but not foreign representative offices), does address party organizations, but does not specify their role. Article 19 requires companies to provide the “necessary conditions” for the activities of party organizations, which shall be established within the company according to the CCP Constitution.
Chapter 5 of the CCP Constitution requires the formation of a party organization in companies with three or more party members. The CCP Constitution lays out different expectations for the role of party groups in state-owned enterprises (SOEs) and private companies.     Article 33 was amended in November to alter requirements for party groups within SOEs. While previous versions of the CCP Constitution called for party groups to play a “core political role,” the revised version calls for these groups to play an expanded leadership role, ensure the implementation of party policy, and discuss and decide major issues for their enterprise.
   In private companies, the CCP Constitution states that party organizations are more focused on making sure the company follows the law and overseeing organizations such as trade unions and the Communist Youth League. No management or governance role is specified. While it is not always clear that the term “private companies” incorporates foreign invested enterprises, this may be the most relevant guidance for foreign companies. By design, party organizations in SOEs are more prominent and influential. Party regulations issued in June 2015 specify that the chairman or CEO of an SOE should serve as the secretary of the party group, and that other company executives should be included in the party group as well.
 Based upon the Company Law, party organizations should be permitted to be established in a foreign-invested enterprise – JV or 100% foreign-owned – if it employs three or more party members. No management or governance role is required, however, and company best practices suggest these organizations are not required to hold a managerial function. For example, party organizations could serve as a channel or platform to coordinate local employee non-work activities or management-employee communications.
Joint ventures, especially those with state-owned partners, may face different pressures regarding the role of party organizations, although it is USCBC’s understanding that they are not subject to any legal obligation to allow party groups decision-making power, based on the legal requirements analyzed above. Some USCBC companies have reported that their state-owned joint venture partners have recently approached them about altering their articles of association to support party groups within the joint venture, even going as far to request that they be amended to allow critical matters to be approved by the party organization before they are presented to the board.
Some of these requests likely stem from a party directive issued in March 2017, though companies report receiving similar requests earlier than this. The 2017 directive, entitled “Notice About Firmly Promoting Writing SOE Party Building Work into Company Articles of Association,” requires state-owned enterprises to incorporate party-building principles into their articles of association.
 However, the notice does not represent a legal requirement and companies have reported successfully pushing back against such requests to allow a simple re-statement in the articles of association of the company’s obligations under the Company Law.
 In addition, the laws governing joint ventures specify that amendments to the articles of association require unanimous consent of directors present at the board meeting, meaning the Chinese partner cannot force such changes without the foreign partner’s agreement. In fact, these laws clearly state that the board of directors is the highest decision making body in the company. The Company Law does not specify any particular role for party organizations in foreign-invested enterprises, so any attempt to give a party cell a managerial or governance function can be challenged on this basis. 

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 03-08-2018 à 09h17

 Commonwealth Games Medallist Mouma Das Has Anxious Moments Over Baggage At Airport Alerter l'administrateur Recommander à un ami Lien de l'article 

Commonwealth Games Medallist Mouma Das Has Anxious Moments Over Baggage At Airport   INdia's table tennis ace Mouma Das, who returned home on Tuesday after a spectacular double medal conquest at the Gold Coast Commonwealth Games, spent some anxious hours when the Delhi Customs held her check-in baggage after detecting a power bank, which the player said she did not carry. Then, Mouma, on her arrival at the NSCBI Airport here, found her baggage had not arrived and took to Twitter to complain to the air carrier Jet Airways. The air carrier replied that she had put her power bank in the check-in baggage, which was "strictly prohibited".To get more table tennis news, you can visit shine news official website.
"Mouma, your baggage has been held by customs due to carriage of power bank in the check-in baggage which is strictly prohibited," said the carrier, asking her to share documents so that the process of releasing the luggage could be expedited. Mouma, however, replied that she had not carried any such gadget. The paddler, who was part of the gold medal winning India women's team and also partnered Manika Batra to the doubles silver at Gold Coast, then tagged Sports Minister Rajyavardhan Rathore in one of her tweets.
A little later she also sought help from External Affairs minister Sushma Swaraj and the Prime Minister's Office, by tagging them in a tweet. Acting promptly, Rathore directed the Sports Authority of India in another tweet to take up the issue with the Finance Minister immediately. But the issue was resolved late on Tuesday night after Mouma spoke to her teammates and learnt that a souvenir bag presented by the games organisers did carry a power bank. She admitted her mistake to the Delhi Customs authorities.
 "The issue has now been resolved. It was my fault. I never carry a power bank with me. "When I tweeted earlier I did not know that a souvenir bag given to us carried a power bank. I have confirmed it from Manika and others. I have written to the authorities about the presence of the power bank. The baggage will now be sent to me on Wednesday morning. I am told they are taking very good care of it," Mouma told IANS.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 03-08-2018 à 09h32

 Tesla Unveils Shanghai Factory Plans Amid US-China Trade Row Alerter l'administrateur Recommander à un ami Lien de l'article 

Tesla unveiled plans on Tuesday to build a factory in Shanghai to dramatically increase its production capacity, with boss Elon Musk making his electric-car company's biggest overseas move yet just as a US-China trade battle heats up.To get more shanghai english newspaper, you can visit shine news official website.

Musk said the plant, which has been in the works for a year, would eventually have an annual production capacity of 500,000 cars, and he hoped it would be "completed very soon."

The announcement of the new Tesla venture comes as US companies face pressure from US President Donald Trump to keep manufacturing jobs at home, and as Beijing and Washington spar over terms of a trade in a fight that only last weekend significantly hiked the price of imported Teslas sold in China.

Analysts noted that the announcement included no details about how much the plant would cost or how it would be financed.

China already is the world's biggest electric car market and is expected to grow further due in part to favourable government policies for the environmentally-friendly vehicles.

"Shanghai will be the location for the first Gigafactory outside the United States," Musk said in a statement released by the company and Shanghai's government.

The plant, located in the Lingang district, "will be a state-of-the-art vehicle factory and a role model for sustainability. We hope it will be completed very soon."

A Tesla spokesperson said the company expects construction to begin "in the near future," with production beginning roughly two years later and another three more years before it reaches full production.

"Tesla is deeply committed to the Chinese market, and we look forward to building even more cars for our customers here," the spokesperson said.

"Today's announcement will not impact our US manufacturing operations, which continue to grow."

Pulling the trigger
Anticipation about a potential big Tesla investment had bubbled over the past year. The company last month told shareholders it was working with officials in Shanghai to establish a plant to build electric cars and battery packs intended for China.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 09-08-2018 à 09h29

 China-US trade volume total 2.29t yuan in first 7 months Alerter l'administrateur Recommander à un ami Lien de l'article 

China-US trade volume totaled 2.29 trillion yuan ($335 billion) in the first seven months, up 5.2 percent, accounting for 13.7 percent of the country’s total trade volume.To get more financial news china, you can visit shine news official website.

China-US trade surplus increased 6.4 percent to 1.04 trillion yuan through to July.

China’s exports to the United States grew 5.6 percent to 1.66 trillion yuan during the same period.

China’s goods trade went up 8.6 percent year-on-year to 16.72 trillion yuan ($2.45 trillion) in the first seven months of this year, customs data showed Wednesday.

Exports rose 5 percent year-on-year in the January-July period while imports grew 12.9 percent, resulting in a trade surplus of 1.06 trillion yuan, which narrowed by 30.6 percent, according to the General Administration of Customs.

In July, exports rose by 6 percent to 1.39 trillion yuan, while imports jumped 20.9 percent to 1.21 trillion yuan.

In the first seven months, exports and imports of products under the general trade category, which are differentiated from processing trade, gained 12.7 percent from a year ago to 9.85 trillion yuan, accounting for 58.9 percent of the total foreign trade, 2.1 percentage points higher than the same period in 2017.

The country’s trade with major trading partners saw an increase during the January-July period. Trade with the European Union, its largest trading partner, climbed 5.9 percent, and trade volume with ASEAN countries increased by 11.6 percent.

Trade with countries along the Belt and Road totaled 4.57 trillion yuan, up 11.3 percent year-on-year, 2.7 percentage points faster than the average growth rate, data showed.

The Ministry of Commerce (MOC) said Tuesday the country’s service trade rose 8.5 percent year-on-year to stand at 2.53 trillion yuan ($370 billion) in H1.

Service exports increased 13.6 percent to 841.57 billion yuan, while imports gained 6.1 percent to 1.69 trillion yuan, which resulted in a deficit of nearly 848.18 billion yuan, down by 2.66 billion yuan from the same period a year ago.MOC official Li Yuan attributed the shrinking deficit to a rapidly-growing service sector, policy support from the government, and increasing exports of emerging services, such as telecom and insurance.

Despite the retreat, Li predicts the deficit will continue to grow in the coming years, as the Chinese continue to have a huge demand for overseas trips and education, and will finally cap in 2025.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 09-08-2018 à 09h44

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