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01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Get Ready To Gorge, This Restaurant Is Offering $1 Dumplings On Thursday Taste Of Shanghai


There's something about dumplings we just can't resist. Fried or steamed, this flavourful delicacy always manages to pack a punch. But throw in this comfort food for just $1 and you've got yourself a fabulous deal. In celebration of two new sites that will be opening this year, Taste of Shanghai is offering $1 dumplings for one day only.To get more news about China cuisine, you can visit shine news official website.

Taste of Shanghai's franchise Lilong will be opening its doors to two new and exciting sites in 2021 in Mount Druitt and Wetherhill Park. To celebrate this milestone the restaurant is offering its signature pan-fried dumplings and steamed xiao long baos dumplings for a dollar but only for one day.
The family-owned and operated Taste of Shanghai restaurant is very well-loved for its delectable Northern Chinese and Shanghai Cuisine and for their authentic flavours. The dumplings especially are always steaming and full of wonderful flavours. Just the remedy you need to beat the winter blues.

If you love your dumplings or just a great and cheap deal, you'll want to add this event to your calendar. The offer is only valid at their flagship store in Burwood which is located near Burwood Station at Westfield.

If you're eager to try out the offer, you can head over to their Facebook page to register your interest and get more information.

For some of the best Shanghai-style food in Sydney, set your sights on Lilong by Taste of Shanghai. This Hurstville eatery is one of six other branches across Sydney, and there's certainly a reason why this chain restaurant is so popular. Not only is it diverse in its offering but it's also packed to the brim with authentic street flavours. Feel like salt and pepper pork ribs? Done. Maybe you're more into kung pao chicken with Singaporean noodles? Easy. Whatever your cravings are, be sure to also get a serving of its xiao long bao. These delicately crafted soup dumplings are handmade in-house and are a definite must-try.

Tagi: shine shanghai cuisine china 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Brands tap into Chinese culture for e-commerce success

 

Cultural heritage is becoming a bigger driver in the Chinese market. Consumers are showing more national pride in their own heritage and stories. Brands that engage with these pieces of culture are reaping the rewards.To get more chinese culture news, you can visit shine news official website.

Brands across all categories rolled out campaigns for China's Qixi (七夕) Festival on 14 August. The day celebrates an ancient mythological love story between a cow-herder and a weaver. In modern times, the annual festival has become a Chinese Valentine's Day.

Luxury brands were typically active. Jing Daily reported on 8 luxury brands that won over Qixi Festival shoppers. Valentino, for example, crafted content around modern Chinese romance - in karaoke booths, aquariums and game centres.

Food and beverage brands also got involved. Coca-Cola launched limited-edition flavours around the theme of love, such as chocolate and rose.Florasis is a popular beauty brand in China. Its successful Qixi campaign boosted sales of the brand's eyebrow pencil range.

Florasis' campaign used the story of Zhang Chang, from the historical Chinese Book of Han. The story tells of a notable scholar who often drew his wife's eyebrows for her. Florasis made a short animation based on the story. It then used the hashtag #QixiDrawEyebrows across social platforms. The campaign also invited couples to share pictures and videos to echo the story.

All the while, Florasis widely promoted its eyebrow pencil range. Consumers clicked through to sales touchpoints from social platforms like Weibo, Douyin and Kuaishou.

Tmall data shows that sales from the eyebrow pencil range totalled A$2.35 million in the first 15 days of August. That figure exceeded the total sales for July (A$2.28 million).Australian brands need to study Chinese culture if they are to tap into this success. Chinese consumers have fewer opportunities to experience Australian brands in their home market. As travel restrictions continue, it will be important to engage consumers in relevant, localised ways.

Tagi: chinese culture news china art 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China restricts overseas travel to curb Covid outbreak

 

China on Wednesday tightened overseas travel restrictions for its citizens as part of efforts to contain rising coronavirus cases, after reporting its highest number of infections in months.To get more news about Shanghai travel advice, you can visit shine news official website.

The movement of people is coming under more restriction inside China - with localised transport closures and stay-at-home orders in places in some cities - and beyond China's borders.

China had previously boasted of its success in crushing Covid-19, with hard lockdowns in the early stages mixed with tight controls of its borders, but mass testing campaigns have uncovered Delta variant infections across the country.

The latest outbreak is threatening the countires return to normal life and an economic rebound with nearly 500 domestic cases reported since mid-July.

Local governments have tested entire cities and locked down millions, with the official figures on Wednesday revealing 71 new infections -- the most since January, but still a low caseload despite the outbreak spreading to dozens of cities.

The outbreak, which began when an infection among passengers on a flight from Moscow spread to airport cleaners in Nanjing, Jiangsu province, has exposed weaknesses in the country's already strict border containment measures.China's immigration authority on Wednesday announced it would stop issuing ordinary passports and other documents needed for exiting the country in "non-essential and non-emergency" cases.

That does not yet mean a blanket overseas travel ban for the Chinese public.Immigration official Liu Haitao told a press briefing that those who "have real needs for studying abroad, employment and business" will still have their documents issued upon verification.

Foreign crews on hundreds of ships have been stopped from disembarking and changing shifts at Chinese ports.The central government has also ordered localities to cut off public transport and taxis in and out of areas hit by the outbreak, the transport ministry said at the same press conference.

Wuhan, where the virus first emerged in 2019, reported its first local infections in over a year this week and said Tuesday it was "swiftly launching" testing of all 11 million residents.Long lines of residents waited at outdoor testing stations in the summer heat Tuesday, fanning themselves with paper forms while workers in hazmat suits took throat samples.

In Beijing, where the city government reported three new virus cases on Wednesday, authorities blocked entrances to a compound where one of the patients lived, while residents reached over fences to receive parcels from delivery drivers.

And the tourist destination of Zhangjiajie in central Hunan province, where infected travellers who had been in Nanjing attended a theatre performance, abruptly announced Tuesday that no one would be allowed to exit the city after it emerged as an infection hotspot.

Meanwhile, Shanghai is investigating a Delta case detected in an airport worker this week.Authorities said on Wednesday the infection was not linked to other domestic cases and that they suspected the worker had been exposed after removing protective equipment while in a "contaminated area".

Tagi: china scenic spots 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Here's what it costs for an NFL player to change his jersey number


The NFL's new uniform number rules mean some NFL players are probably chomping at the bit to get into new unis for the 2021 season. While players changing numbers is definitely a possibility, sticker shock may drive players away.To get more news about replica custom nfl jerseys, you can visit custom-nfljersey.com official website.

Per NFL rules, a player has to buy out the existing inventory of uniforms in order to change his number for the 2021 season. According to Pro Football Talk's Mike Florio, Vikings running back Dalvin Cook is deterred from wanting to change his uniform number, because the cost sits at around $1.5 million.

PFT reports that players will have to not only buy out the existing uniforms, but buy them out at retail price - not the cost of production, which would be much cheaper. While Nike uniforms run at several different price points, that's still a hefty number to pay.
Of course, the more popular the player, the more uniforms will be in circulation, so that won't be the same price for any and every player. Players with less uniforms in circulation might not to pay as much, while some of the league's top jersey sellers might be in for Cook's price or higher.

If a player chooses to give notice to change his number for the 2022 NFL season, he won't have to pay anything, however.Several players, including Cook, Jalen Ramsey and Robert Woods have considered changing numbers for the upcoming season, but that price tag is a deterrent.

While the NFL approved a rule change that allows players to wear single-digit numbers, Buccaneers quarterback Tom Brady believes that change will be tough for offensive linemen protecting quarterbacks.Brady posted a photo to his Instagram story saying, "Good luck trying to block the right people now, going to make for a lot of bad football."

Under the new guidelines, which were proposed by the Chiefs, running backs, tight ends and wide receivers to wear jersey numbers from 1 to 49 as well as 80 to 89. Defensive lineman can wear numbers from 50 to 79 and 90 to 99.

Linebackers are also permitted to wear numbers from 1 to 59 and 90 to 99. Defensive backs can wear numbers from 1 to 49. The league's rule change stemmed from Kansas City having a shortage of numbers in the 20 to 49 range during the 2020 season due to several jersey numbers retired in the franchise. Like the Chiefs, other teams could face similar issues in the seasons to come.

Tagi: cheap jerseys china 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
NBA's Cavaliers reach jersey patch deal with steel company Cleveland-Cliffs

 

The Cleveland Cavaliers have a new jersey patch sponsorship. The NBA franchise agreed to terms with hometown steel manufacturer Cleveland-Cliffs, the parties announced Tuesday.To get more news about customized nfl jerseys, you can visit custom-nfljersey.com official website.

Terms of the deal were not publicly made available, but according to people familiar with the agreement, it matches the Cavs' previous sponsorship agreement with tire manufacturer Goodyear. That pact was valued at a reported $10 million per season.

The people declined to be named because the deal terms are private.

The agreement comes at a good time for Cleveland-Cliffs. The Cavs are one of the surprise teams in the NBA this season, and they appear headed to the postseason. The team is seventh in the NBA's Eastern Conference. The last time the team made the playoffs was when LeBron James led them to a fourth-consecutive NBA Finals in 2018, losing to the Golden State Warriors.

Cleveland-Cliffs would get increased national exposure if the Cavaliers make the playoffs, as postseason berths mean more television impressions for jersey patch partners.

Cleveland-Cliffs is traded on the New York Stock Exchange under the ticker symbol "CLF." It has a market cap of over $16 billion.In a statement announcing the partnership, Cavs CEO Len Komoroski called the company "the fabric of life here in Northeast Ohio." Komoroski added the agreement is "very appropriate and relevant for Cliffs to be represented, literally, on the fabric of the Cavs player jerseys."

In this new agreement, Cleveland-Cliffs will get in-arena signage at Rocket Mortgage FieldHouse, building off its current sponsorship deal with the team, which features an arena entrance naming rights slot. However, Cleveland-Cliffs will not obtain the Cavs' practice jersey patch asset or virtual floor signage for local broadcast games. Teams can package those assets in jersey patch deals to increase value.

NBA jersey patches have grown in popularity in the sports sponsorship marketplace. Since the NBA started its jersey patch program in 2017, team deals made the league roughly $150 million annually. That figure is expected to increase to more than $200 million for the 2021-22 season.

To date, the Brooklyn Nets have the most expensive patch deal. In September 2021, CNBC reported the Nets make $30 million per year from online trading platform WeBull. That agreement eclipsed the Golden State Warriors' $20 million per season deal with Japan-based e-commerce company Rakuten. That deal was extended last year and expires after the 2022-23 season.

Newer NBA team patch agreements should increase the league's sponsorship revenue, which reached a record $1.46 billion for the 2020-21 regular season, according to estimates by IEG, a sports partnerships consultancy firm.

Tagi: cheap jerseys china 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Your Best Freight Forwarder Agent for Door to Door shipping


Hart Logistics provides the best international door to door shipping service in China. We deliver express door to door freight service for those who want to receive their shipment quickly. Also, we provide low-budget shipping door to door service for our clients.Get more news about Door-to-door Air Freight From China,you can vist our website!

We collect your goods from the supplier seller after receiving your order. Then we pack your goods and ship them to the destination country. From the destination country, our team collects the shipment and delivers it to the final destination. We maintain the highest quality in our international shipping door to door service.

You can use air, train or sea route for our door to door international shipping service. Moreover, if you need express delivery, we also arrange using DHL, UPS, FedEx, TNT, or any other courier service. We have an agreement with every courier service, and you can pick one depending on your country.

With our door to door international shipping service, you don't have to think about the customs or the security of your product as we always maintain the best service.
Get your shipment fast from China to anywhere in the world with our fast air freight service. We also offer additional customs clearance services with our air freight service.

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If you don't need a full container you can get your shipment using our LCL shipping method. We offer the cheapest LCL shipping with additional customs clearance service.

We offer the fastest and cheapest express service from China. We have special contracts with the top express couriers and offer a more affordable rate than other companies.

Tagi: china costa rica 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China defends 'zero-COVID' after US envoy warns of costs

 


China on Friday defended its tough "zero-COVID" policy after the U.S. ambassador said it was causing serious damage to the global economy and foreign business sentiment.To get more news about coronavirus china update, you can visit shine news official website.

Foreign Ministry spokesperson Wang Wenbin said the Chinese economy is recovering from the effects of the pandemic and "facts prove" the policy mandating lockdowns, quarantines and mass testing is "suitable for China's national conditions and has stood the test of history."

"We have full confidence that (we can) contain the epidemic, steady the economy and achieve the goal of safe economic development," Wang said at a daily briefing.China has sought to completely eliminate outbreaks of COVID-19 with tough restrictions, while most other countries are relaxing their anti-coronavirus measures to "live with" the disease.

Ambassador Nicholas Burns said on Thursday that the "zero-COVID" policy has "had a major impact" on business sentiment, singling out as especially damaging a two-month lockdown in Shanghai, China's largest city and key financial hub.

Most of Shanghai's 25 million people were confined to their homes or immediate neighborhoods, and hundreds of thousands continue to remain under restrictions. Rolling lockdowns have also continued to Beijing and other cities.

Critics say the policy is disrupting global supply chains and hurting employment and consumption in China. The U.N.'s World Health Organization has called it unsustainable. China denounced the remarks as irresponsible.

Burns said in a virtual address to the Brookings Institution think tank that there were 40,000 American citizens in the Shanghai area before the pandemic, but that "lots and lots of those people have gone home." Diplomats from Europe, Japan and other countries report similar declines, he said."We're quite cognizant of the need, I think the Chinese government is quite cognizant of the need, to try to get back to a situation of normalcy," Burns said.

He said few American companies are leaving China completely because of its continuing importance, "but from the results that I've read, and the conversations I've had with lots of business leaders here, I think there is a hesitancy to invest in future obligations until they can see the end of this.The U.S. and China recorded $650 billion in trade last year, and around 1,100 American companies are operating in China.

Chinese restrictions have all but ended visits by U.S. government officials and business leaders, while the number of American students has dropped sharply since China suspended issuing student visas.

"It's difficult to convince any of my colleagues in Washington to come here if I tell them that when they do it, they've to quarantine for 14 days before they can have a single meeting," Burns said. "And I understand their unwillingness to do that."Burns said the Chinese government is signaling that the "zero-COVID" policy will probably be extended at least into the beginning months of 2023.

Burns, who has declared that relations between Washington and Beijing are at their lowest point since former President Richard Nixon visited in 1972, said China's aggressive foreign policy has intensified competition between the countries. But he said they still have multiple areas in which they can engage constructively, including on climate change, anti-narcotics measures and agricultural trade.Burns said much of his job is focused on outreach to the Chinese public, a task made more difficult by COVID-19 restrictions and the government's strict censorship.

A recent speech on China by U.S. Secretary of State Antony Blinken that the embassy posted on China's Twitter-like Weibo social media platform was taken down within about 2 1/2 hours, but drew large numbers of views while it was up, he said.A second attempt to post it three days later resulted in it being censored within 20 minutes, Burns said.

Tagi: china coronavirus 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Shanghai's Covid Curbs Are Ending

 

Shanghai authorities said Tuesday they will lift more restrictions in steps to return the Covid-hit city to normality, after two months of heavy-handed restrictions that throttled businesses and locked down residents.
The commercial hub of 25 million was shuttered in sections from late March, when the spread of the Omicron variant prompted China's worst outbreak since the virus first emerged in the country in late 2019.To get more news about shanghai covid, you can visit shine news official website.

China is wedded to a zero-Covid strategy of hard lockdowns, mass testing and long quarantine periods to wipe out clusters.But after gradually relaxing some rules over past weeks, officials said on Tuesday that residents living in areas deemed low risk will be allowed to move around the city freely, a major step toward ending the curbs.

The easing of restrictions will apply to around 22 million people, deputy mayor Zong Ming told reporters."From June 1, the city will enter the third stage, that is, the stage of fully restoring the normal production and living order of the city," Zong said.

Malls, convenience stores, pharmacies and beauty salons will be allowed to operate at 75 percent capacity, while parks and other scenic spots will gradually reopen, she added.But cinemas and gyms remain closed, and schools -- shut since mid-March -- will slowly reopen on a voluntary basis.E-commerce professional Chen Ying said she still planned to work from home but might treat her two-year-old son to a long-awaited walk outside.

"We should have been free to begin with, so don't expect me to be deeply grateful now they've given it back to us," she told AFP.Previously, residents in areas without any coronavirus cases had to carry passes that only allowed them to go out for a few hours to buy essentials.Taxi services and private cars will also be allowed in low-risk areas, permitting people to visit friends and family outside their district.

Buses, subway and ferry services will also resume, transport officials said.Shanghai residents travelling to other cities in China still need to quarantine, and residents need a negative test taken within 72 hours to enter most public places.

Communities considered "high risk" will also still have stringent restrictions on movement.Factories and businesses were also gearing up to restart work after being dormant for weeks, with the gruelling measures bringing the city to a standstill.

Shanghai official Wu Qing told reporters Sunday that the city would "eliminate unreasonable restrictions" and announced a slew of measures to shore up its virus-battered economy.But residents and business owners have complained of discrepancies between official announcements and enforcement.China's biggest city has reported over 63,000 Covid infections and nearly 600 deaths since mid-March, and the heavy-handed lockdown led to an outpouring of online anger.

Tagi: china coronavirus 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China's GDP likely to grow 2.1% in Q2

 

The economic impact of the latest Omicron resurgence will mainly appear in the second quarter of the year, with GDP growth rate forecast to be around 2.1 percent, a former central bank official said on Monday, calling for accelerated implementation of supportive fiscal policies and a wide array of monetary policies to bolster the recovery of economic and social activities.To get more latest china economy news, you can visit shine news official website.

"The Chinese economy has run better than expected in the first two months of the year, but the COVID-19 flare-ups bring new challenges for an economy that has been on track to a recovery," Sheng Songcheng, former director general of the Financial Survey and Statistics Department at the People's Bank of China, said in an article published on Shanghai Securities News on Monday.

This round of outbreak affects not only services but also the manufacturing sector, he said, noting that the disruption in supply chains in the manufacturing center of the Yangtze River Delta region affects the normal operation of economic and social activities, adds pressure to employment and decelerates the recovery of consumption.
According to the newspaper, about 92 percent of the 667 listed companies surveyed said that they have been affected by the Omicron outbreak, of which 37.18 percent said the impact is "heavy."
However, Sheng noted that domestic economy will record remarkable improvement in the second half of the year, as macro-economic policies will be timely implemented in regions less affected by the latest outbreak to fire up economic activities.

Sheng advised the authorities to remove impediments to the smooth flow of industrial and supply chains as soon as possible, and promote resumption of production and businesses with a variety of measures like effectively putting the virus under control and expanding vaccination.

By sticking to the principle that is housing for living in, not for speculation, Sheng said that local governments should appropriately list restrictions to support stringent needs.

The implementation of positive fiscal policies should quicken and monetary policies should be adopted by considering internal and external situations to ease the spillover effect of the US tightening monetary policies and imported inflation pressure, according to Sheng.

China's economy maintained a steady recovery over the first quarter this year, with GDP growing 4.8 percent year-on-year to 27.02 trillion yuan ($4.03 trillion) in the first quarter of 2022, quickening from a 4-percent increase in the fourth quarter last year.

A meeting of the Political Bureau of the Communist Party of China Central Committee on April 29 confirmed that the established policies will be swiftly implemented, including tax refunds and reductions, fee cuts and a range of monetary policy tools.

Tagi: china economy 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China approves Sinopharm Covid-19 vaccine for general use

 

China's health authorities have approved a Covid vaccine from state-owned Sinopharm for general use on the population, the government has announced.To get more sinopharm news today, you can visit shine news official website.

At a press conference in Beijing a state taskforce announced the vaccine had exceeded World Health Organization standards and would help establish effective immunity in China.

Health officials said vulnerable groups would be prioritised ahead of the general population. Key groups have already been receiving vaccines under emergency approvals, including about a million receiving the Sinopharm vaccine.

Zeng Yixin, deputy head of the national health commission, said it was aiming for 60-70% vaccination coverage, which was expected to establish herd immunity. "As the Chinese vaccine is proved to be safe and effective, we would like to encourage our people to participate on a voluntary and informed basis, and with consent," he said.The officials did not give specific dates but said the rollout would begin "soon" at a "significantly reduced" cost.

Zheng Zhongwei, head of the vaccine research and development working group, said the vaccine was a public good and the cost of production was "the only basis for pricing".Zeng then added that the vaccine "must be provided free of charge for all people", and state media subsequently reported that the vaccine will be free.

Sinopharm is a state-owned pharmaceutical company with two vaccine candidates among China's five experimental treatments in international final stage trials. Public statements about Sinopharm vaccines do not appear to clarify which of the two candidates is being discussed.

The approval followed an announcement on Wednesday by Sinopharm that phase 3 trials had found its vaccine to be 79% effective. This followed trials conducted in the UAE reporting 86% efficacy earlier in December. The vaccines have not been trialled in China because the virus is not prevalent enough, authorities say.Chinese vaccine developers have not released trial data. On Thursday a health official said the Sinopharm data would be published "later" in Chinese and foreign medical journals.

At an annual meeting of health workers on 22 December, Zhang Wenhong, head of infectious diseases at Fundan University's Huasha hospital, said there was apprehension among Chinese people about the domestically produced vaccine, and party leaders should be vaccinated first to reassure the public. A recording of his comments spread quickly on Chinese social media before it was censored.

Sinopharm and rival developer Sinovac have created their vaccines via the more traditional method of using an inactive virus to trigger an immune response. They are more difficult to manufacture quickly than other types and have the potential to cause an imbalanced immune response, but have shown historic success.

Mao Junfeng, head of consumer products at China's industry ministry, said vaccine producers had ramped up production capacity. "We believe China's vaccine production will meet the demand for large scale vaccination, and looking ahead the ministry will follow the plans [of the central government] ... and help enterprises expand production capacity and make sure a smooth production and supply chain will provide effective and accessible vaccines for the people."

In September the UAE was the first country outside China to approve emergency use of a Sinopharm vaccine. It has since been made available in Bahrain and shipped to Egypt, while Morocco is planning to rely on it to vaccinate 80% of its adult population. Other countries have signed on to receive the Sinovac vaccine, China's other domestically produced frontrunner. In October China announced it was joining Covax, the international initiative aimed at ensuring equitable global access to vaccines.

Tagi: china economy 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China's centralized economic system is headed for trouble.

 

Americans have legitimate concerns about China-and, with House Speaker Nancy Pelosi's visit to Taiwan sparking new tensions, those concerns are only growing-but what many fail to see is that Beijing is not the economic juggernaut it is often believed to be. On the contrary, China's economy has become increasingly fragile. To use a word heavily overworked these days, its problems are systemic.To get more china economy latest news, you can visit shine news official website.

The root of the fears lies in China's impressive growth record. Some 40 years ago, China was one of the poorest and most backward countries in the world. But Deng Xiaoping's decision to open China to trade and foreign investment changed everything quickly. By the mid-1980s, the country's economy was growing at stupendous double-digit rates, in real terms. From then until 2010, real growth averaged just under 10 percent a year, outpacing just about every other economy in the world. (During that time, the United States saw 2.8 percent real growth a year.) China's rate of expansion decelerated after 2010 but still outdistanced almost every other economy, even considering the effects of Covid-19. The country is now the world's premier manufacturer and by some standards is already the world's largest trading nation. Its economy has climbed from a mere 3.2 percent of America's in 1980 to more than 70 percent today. Given this past performance, it is easy to understand why so many worry that China will soon blow past the United States to become the world's dominant economy.

Perhaps even more distressing than China's meteoric rise is the questions it has raised about America's approach to economic organization. China's purposeful, centralized approach, some say, might even be superior to America's seemingly chaotic market-based system. For years, many journalists returned from China full of praise for how Beijing's centralized planning had marshalled the nation's intellectual, labor, and natural resources to create huge ports seemingly overnight and whole cities in what shortly before were farmer's fields. After the planners in Beijing decided that the country needed high-speed rail, Western observers soon marveled at the phalanxes of powerful locomotives zipping along extensive webs of track. The stark contrast with the budget battles and political wangling that goes on in the United States made China's focused purpose seem all the more unsettling.
Impressive as this past is, China and its system are nonetheless poised for troubles. Partly, this has to do with the country's changing state of development. While the Chinese economy remained underdeveloped, planners had little trouble seeing the path ahead. All they needed to do was look at what the developed world had: roads, ports, rail links, and the construction of decent housing and reliable public utilities. Such obvious moves paid handsome economic returns. But as China's economy has advanced and just about caught up to the fully developed economies, the planners no longer have a clear model. Now, like any economy on the forefront of development, they must guess at future needs-a much harder task, and one that Beijing has not demonstrated it can do well.

China's centralized plans have increasingly gone awry. Part of the problem is that the planners have had trouble adjusting to the new reality. Instead of embracing the growth of services and other more advanced activities, they have frequently doubled down on the kinds of early development projects that once paid such high dividends but are no longer as urgent. Misguided central direction has given China roads, bridges, and high-speed rail links to nowhere. After decades of emphasis on housing, the Ministry of Statistics now estimates that some 65 million housing units are unoccupied in China, fully 20 percent of the country's entire housing stock. A growing list of misguided projects has wasted resources and left a legacy of debt.

The failure of the giant property developer Evergrande serves as a dramatic example. Much of the media attention has put the blame on the company's management. The managers are certainly not free of blame, but the bulk of the problem stems from an inappropriate government emphasis on residential construction, something that has become more and more obvious as other property companies find that they cannot service the debt they incurred following these government directives. At last count, the questionable debt already announced verges on some 10 percent of China's gross domestic product.

It is at the cutting edge of development, where there are no models, that market-based systems show their advantages. Without central direction, markets rely on a great diversity of decisions by individuals and companies. Because each of these actors makes independent efforts to envision the unknown future, the economy effectively spreads its bets across a wide variety of efforts. Most fail. There is considerable waste. But without the focused marshalling of resources typical of Chinese-like central planning, that waste tends to happen on a smaller scale. Indeed, large-scale failures in a market-based system tend to occur only when some central authority nudges market participants in one direction, as when government encouragement to lend to those with lower credit scores on favorable terms brought on the financial crisis of 2008-09. Still more important in meeting future challenges is how a market system's great diversity of efforts increases the chance that one or more of these independent projects will indeed capture future needs and score big, both for those who devised it and for the whole economy. Of course, if the central planners manage to capture a future need, their success can be huge, but their focused effort makes that hit a lot less likely.

We can see proof of the difference, albeit dimly, in the relative growth of debt in China. It is true that Beijing has kept the central government's debt burden light, certainly lighter than has Washington, but it is not this debt that finances the planners' projects. That burden falls instead on private firms, state owned enterprises (SOEs), and provincial governments, making the relevant debt measure the total of public and private debt. From 2010 to 2020, the most recent year for which complete data are available, this composite debt measure in China grew 23 percent per year-far faster than the nominal economy, which grew about 8 percent per year. Total debt rose from 180 percent of the nation's gross domestic product (GDP) in 2010 to almost 300 percent at last measure. This exploding debt overhang offers a rough estimate of the waste created by centralized mistakes. Compare it to the United States, where the equivalent debt aggregate grew about 5.6 percent a year. To be sure, that's faster than the 4 percent average growth of the nominal economy, but the gap between the two is much narrower than China's. The accumulated outstanding debt as a percent of U.S. GDP has risen just 14 percentage points during this time. Mistakes are apparent, but on a much smaller scale than China's centralized arrangements.

For all the growing evidence of the centralized system's weaknesses, President Xi Jinping strangely has pushed for greater centralization. Already his central planners, showing a lack of sensitivity to China's more advanced state of development, have pushed the same sorts of infrastructure projects that once worked so well but are more questionable now. True, the planning authority has also focused on more advanced activities. The Made in China 2025 plan, for example, stresses electric vehicles, biotech, aerospace, and artificial intelligence. But China retains the manufacturing focus from the earliest days of its opening and continues to ignore the undeniable developmental trend toward services present in other advanced economies. And the concentration-though it certainly garners positive press-carries risks. Especially where technology is concerned, there is no telling when something new will render today's "next big thing" obsolete. Should something like this happen-and it is far from unlikely-the record shows that China's central planners will have a hard time changing course.

Tagi: china business latest news 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China's Third-Quarter Economic Growth Slows Sharply to 4.9%

 

China's economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous quarter's 7.9% growth rate, as power shortages and supply-chain problems added to the impact from Beijing's efforts to rein in the real estate and technology sectors.To get more China business latest news, you can visit shine news official website.

While many economists expected China's year-over-year growth to trend lower in the second half of 2021, based in part on statistical comparisons to last year, the scale of the third-quarter slowdown was sharper than expected, falling short of the 5.1% growth forecast by economists polled last week by The Wall Street Journal.

The slower-than-expected gross domestic product growth reflects a range of factors, including policy makers' decision to pare back stimulus enacted in the immediate aftermath of the pandemic last year; a crackdown on the technology, private education and real-estate sectors; energy snafus caused in part by soaring coal prices and more aggressive energy targets; and disruptions to the supply chain caused by Covid-19 outbreaks, semiconductor shortages and port shutdowns.

When compared with the second quarter, China's GDP inched up just 0.2% in the three months ended Sept. 30, according to data released Monday by the National Bureau of Statistics. In the second quarter, China's GDP rose 1.3% from the prior quarter.

Despite the third-quarter slowdown, economists are generally confident that the Chinese economy will be able to make senior leaders' annual GDP growth target of 6% or more, which was set in March.

For the first nine months of the year, China's GDP expanded 9.8% compared with a year earlier, the statistics bureau said.

Fu Linghui, a spokesman for the statistics bureau, highlighted the economy's ability to maintain its post-pandemic rebound in the first nine months of the year, even in the face of what he described as the country "carrying forward its structural adjustments," a reference to the government's campaigns to deal with debt and inequality.

In an acknowledgment of the mounting risks to the economy, Mr. Fu said that "there are increasing uncertainties in the external environment, while the domestic economic recovery is unstable and unbalanced."Now that the statistical distortions from the pandemic are largely in the past, China's growth rate is expected to return to around its pre-coronavirus trajectory. Before China began feeling the impact of the pandemic early last year, its economy expanded at a pace of 6.1% in 2019, the slowest such year-over-year growth rate since 1990.

China was the only major global economy to grow during last year's pandemic-induced slowdown; its economy expanded 2.3%. With most economists expecting growth of 8% or more this year, Beijing policy makers instead set a relatively modest full-year GDP target of 6% or more for 2021, giving it more room to deal with long-festering issues in the economy-chief among them dizzying debt levels, particularly in the real-estate sector.

The question now is whether Beijing's campaign to impose greater discipline on its economy-as well as surging commodity costs and continued coronavirus-related distortions in the global economy-will take a larger-than-expected toll and force policy makers to re-emphasize growth.

Despite the sharp slowdown in the third quarter, China's policy makers so far appear to be relatively sanguine about the headwinds facing the economy.

On Friday, China central bank officials suggested it wouldn't resort to a relatively large stimulus to drive up the growth rate in the final quarter of the year, for example by flooding the financial system with liquidity or slashing benchmark interest rates.

Officials also played down risks from the debt crisis at China Evergrande Group, the country's most indebted property concern, whose troubles have rattled markets and raised questions about China's overall economic and financial health.

Tagi: china business news 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Former Chinese President Hu Jintao removed from Congress

 

Former Chinese President Hu Jintao was unexpectedly led out of Saturday's closing ceremony of the Communist Party Congress in a dramatic moment that disrupted the highly choreographed event.To get more news about china party congress, you can visit shine news official website.

Hu's departure was left unexplained, and the nation's censors appeared to quickly scrub any recent references to him from the internet.

The frail-looking 79-year-old seemed reluctant to leave the front row of proceedings at Beijing's Great Hall of the People, where he was sitting next to President Xi Jinping.

A steward attempted to take a sitting Hu by the arm before being shaken off. The steward then attempted to lift Hu up with both hands from under the armpits.

After an exchange of about a minute, in which Hu spoke briefly with Xi and Premier Li Keqiang, he was led out of the hall.

A seated Xi was filmed holding papers down on the desk as Hu tried to grab them.Hu patted Li's shoulder as he left, as most of his colleagues stared firmly ahead.

The week-long Congress occurred mostly behind closed doors, but Hu's departure occurred shortly after journalists were allowed in to cover the closing ceremony.

Authorities offered no explanation for Hu's exit, which came just before the 2,300 delegates at the Congress voted unanimously to endorse Xi's "core" leadership position.

"We still don't know what caused Hu's actions, such as whether it was opposition to Xi's power or simply an unfortunately timed senior moment," said Neil Thomas, a senior China analyst at the Eurasia Group consultancy.

"So without more information it's hard to draw solid conclusions about how this incident relates to Chinese politics."Search results for "Hu Jintao" on the Twitter-like Weibo platform appeared to be heavily censored Saturday afternoon, with the most recent result dated Friday and posts limited to those of official accounts.

The official CCTV evening news coverage of Saturday's congress closing ceremony included footage with Hu, as usual, from before the incident.

Hu had appeared slightly unsteady last Sunday when he was assisted onto the same stage for the opening ceremony of the congress.Xinhuanet reporter Liu Jiawen has learned that Hu Jintao insisted on attending the closing session of the Party's 20th National Congress, despite the fact that he has been taking time to recuperate recently," it said.

"When he was not feeling well during the session, his staff, for his health, accompanied him to a room next to the meeting venue for a rest. Now, he is much better," a second tweet said.

Xi is all but assured of being formally announced on Sunday as the party's general secretary for another five years.

This will allow Xi to sail through to a third term as China's president, due to be announced during the government's annual legislative sessions in March.

Since taking over from Hu a decade ago, Xi has become China's most authoritarian leader since Mao Zedong.

Tagi: china party congress 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
China's 20th Party Congress: U-M experts can discuss

 

China's 20th Communist Party Congress will begin on Sunday, with President Xi Jinping expected to stay on for a third term in power. University of Michigan experts are available to discuss issues related to China's politics, the Party's history and the future of U.S.-China relations.To get more news about 20th party congress china, you can visit shine news official website.

Mary Gallagher is the Amy and Alan Lowenstein Professor of Democracy, Democratization, and Human Rights and director of the International Institute. She is an expert in Chinese politics, law and society, and labor politics.

"Internal challenges from within the party and bottom-up protests against Xi are unlikely to occur and are even more unlikely to be successful, despite widespread dissatisfaction with his economic policies and Zero COVID," she said. "China's Zero COVID policy is likely to be sustained indefinitely, as China lacks high-quality vaccines and has very little natural immunity to the virus.

"The party has taken on the responsibility of COVID prevention so that every new death will be blamed on it. With over 260 million people over 60 years old in China, they fear a surge in cases and a collapse of the health care system, especially in rural areas. However, Zero-COVID also allows the party to ramp up digital surveillance and social control that will long outlast the pandemic.

"The main challenge for Xi in the short term will be balancing Zero COVID against the critical need to revive the economy. Economic policies such as ‘Common Prosperity' are likely to continue to exist as empty slogans for people to work hard, stop lying flat and be entrepreneurial. There is likely to be very little in terms of institutional reforms that redistribute more income to households and promote greater labor mobility, especially between provinces.

"U.S.-China relations will continue to deteriorate and steps to decouple will accelerate, especially in tech. Biden's new policies signal that the U.S. government does not want to wait to allow Chinese firms to do more indigenous innovation using U.S. technology. Zero COVID will make it difficult for people-to-people exchange (such as education, tourism and cultural exchange) to revive, thus cutting off other channels to improve, or at least stabilize relations. I'm very pessimistic about the next few years under Xi, both for China's society and economy and for U.S.-China Relations. "
Jundai Liu is a research fellow at the Weiser Center for Emerging Democracies and the Lieberthal-Rogel Center for Chinese Studies. She says leadership succession is a political problem intrinsic to one-party rule and personalistic politics.

​​"The 20th National Congress has ignited a multitude of speculations and discussions, Questions-whether Xi is a second coming of Mao, whether China is on the brink of a second Cultural Revolution, and the like-abound," she said. "Before addressing these questions, it is prudent to take a step back and examine the most recent party history of the 1960s and the 1980s. ​​

"Political problems intrinsic to one-party rule and personalistic politics have undergirded the fiercest CCP crises in the 1960s, especially those regarding the highest leadership. The contentious party history of the 1980s is marked by a combination of full-speed economic reform, limited and controlled ideological opening, and inaction in political reform. As such, these age-old political problems were delayed and tempered by economic success and improvements in ordinary people's lives.

"In the 2010s and more intensely in the 2020s, with China becoming a major power on the global stage and a central part of the global capitalist economy, these entrenched political problems have resurged, with an exponential volume and a new form in a new era."

Tagi: china party congress 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
Empress Cixi, the last woman to rule China


In Bernardo Bertolucci's movie The Last Emperor (1987), emperor-to-be Puyi, 2 years old, faced Cixi at her deathbed, when she announced that he would become the next emperor of China. The scene holds historical truth, depicting the last political act of a woman who had held the reins of the country for half a century.To get more news about last empress of china, you can visit shine news official website.

Born in 1835, she stemmed from a noble family of Manchurians, the ethnic group that had been ruling China for nearly two centuries. As a teenager, she was chosen as a concubine to Emperor Xianfeng, who took notice of her because of her cleverness. In 1856, she and her husband had their only son and heir Tongzhi, and she was elevated from concubine to consort.

By that time, the mighty empire of China had begun its downfall. Internally, the Manchurian power was eroded by famines, natural disasters, financial problems and revolts.From the outside, China was under fire as well, as exemplified by the disastrous opium wars against Great Britain (1839-1842) and France (1856-1860), ending with the destruction of the Old Summer Palace in Beijing.

Moreover, China was forced to sign the so-called Unequal treaty, to open up its harbours to foreign merchants and to give Hong Kong to Great Britain.At the time, his rightful heir Tongzhi was just 5 years old, thus a regency was established. His mother Cixi seized the opportunity along with Xianfeng's official wife to take control.

Henceforth, she would be known as 'Empress Dowager Cixi' (慈禧) and, throughout the next decades, ruled China as a co-regent, taking decisions and using the imperial seal on behalf of her son.When Tonghzi finally succeeded to the throne in 1873, his reign would prove to be exceptionally short, succumbing to illness just 2 years later.

Cixi elected her nephew Guangxu, who was only 3 at the time, as the next emperor. After the death of Empress Dowager Ci'an, Cixi became China's sole regent. She continued to use the underaged emperor as her puppet until he married and was installed on the throne in 1889.

The Empress Dowager retired shortly after, yet there would be no smooth sailing for Cixi just yet.

When the emperor attempted the Hundred days' Reform in 1898, the conservatives and Cixi reacted with a coup. The emperor was put under arrest for the rest of his life.When Guangxu eventually died in 1908, Cixi chose the son of her nephew's brother, little Puyi, as a successor. By appointing a child once again, she thought she could continue to rule China. Yet she passed away only 24 hours later.

The glorious tale of the Chinese empire was now nearing its end as four years later Qing dynasty officials forced the abdication of Puyi. The end of the Chinese imperial era opened a new chapter in the history of the country: the Republic of China.Cixi not only left her mark on China's political history but also on the country's culture and society.

One of her passions was Peking opera: a mix of theatre, music, song and incredible acrobatics, that was in the midst of its golden age during her reign. In the imperial palaces, Cixi had special theatres built with complex machinery. One of the greatest honours a courtier could experience was to receive an invitation to attend a performance there.

Tagi: empress china 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
he Last Emperor of China, Puyi


The above quote was spoken to curious strangers by a small street sweeper in Beijing in 1959. The street sweeper was telling the truth. He really was the last Emperor of China!To get more news about gobulo wanrong, you can visit shine news official website.

China is on my mind, what with the Winter Olympic Games with no snow, and China's repression of the Uyghurs, a Muslim minority group in Northwest China's Xinjiangan region. There is also its "Male Feminization" problem. That's not some throwaway line on social media, it is the Chinese communist government's actual policy which plans to strengthen physical education for the nation's adolescent boys to combat the perceived phenomenon.

China, officially the People's Republic of China, is the world's most populous country, with a more than 1.4 billion people. China spans five geographical time zones and borders 14 different countries. It is the second most of any country in the world after Russia. It has an ancient history; which goes back to at least 2100 BC.

In 1909, Puyi was named emperor of China when he was three years old by his aunt, the dying dowager Empress Cixi. His parents found out about their son's ascension to the throne when palace officials, servants and eunuchs arrived at their home to take him away. The screaming toddler was bundled into a carriage and driven away to the massive Forbidden City palace complex in the center of Beijing.
Puyi lived a life of immense privilege in the Forbidden City, where he was treated as a living god. He was attended to by his many servants, including eunuchs who were required to wear their pickled genitals in jars hung from their necks. They catered to his every whim. This led the young emperor to develop a cruel streak. He was particularly fond of having his eunuchs flogged and making them get down on their knees and eat dirt.

Puyi continued to indulge in his cruelties as he grew older, free from parents that would have ordinarily restrained a youngster. Not even a revolution in 1911, when he was forced to abdicate, changed anything. The newly formed Republic of China government decided to treat him as a foreign monarch, allowing him to continue residing in the Forbidden City, still able to enjoy all his privileges.

After a failed attempt to restore the monarchy in 1917, it was decided that the 16-year-old former emperor should take a bride. He examined photographs of teenage girls, picking one at random. His choice was dismissed, and he was instead told he would be marrying pretty Gobulo Wanrong, but his original choice could still be his concubine.

The pair were married in 1922. The marriage was never consummated. Yet, they got along at the beginning, riding their bicycles around the Forbidden City, and having wacky Chinese fun. But when the relationship eventually soured, it brought disastrous consequences for poor Wanrong.

The couple's time in the Forbidden City ended suddenly when the fierce warlord General Feng Yuxiang captured Beijing in 1924 and ordered Puyi and his wife to leave the palace. Fearing for his life, Puyi took refuge at the Japanese embassy, and later he made it to the Japanese controlled city of Tianjin, where a small court was set up for him in a house known as the Garden of Serenity.
Life in the Garden of Serenity was boring for the young couple. Wanrong began smoking opium to relieve the tedium of being an empress who was expected to do nothing. Meanwhile, Puyi wanted more out of life than being an exile. He wrote a letter to the Japanese Minister for War, asking to be restored to his throne.

Puyi was then relocated to the Japanese colony of Manchukuo in northeast China, where he was crowned emperor in 1934 and installed at the Salt Tax Palace in the city of Changchun. But, he was just a puppet monarch who was expected to defer to the Japanese emperor. He would remain emperor of the colony until it was conquered by the Soviet Red Army in 1945.

As the Soviets closed in on Changchun, Puyi's court was packed up and the emperor, his opium-addicted wife, eunuchs, concubines, and servants left the city by train. Sadly, they had nowhere to go. The Soviets had bombed all the train stations in the surrounding area. Puyi and the male members of his court escaped the city by plane, only to be caught by the Soviets in the city of Shenyang.

Tagi: empress china 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
A CHINESE ALPHABET: QWERTY TO HÀNZÌ

 

Are you curious about Chinese writing, but find it a bit daunting? Have you ever wished you could just look at an unfamiliar Chinese character and input it, without needing to have memorized its reading or its meaning?To get more news about china alphabet, you can visit shine news official website.

If so, then today's post is for you! It introduces a wonderful Chinese character input system called Cāngjié. Note that the letter indicates the sounds [ts]. It's named after the legendary four-eyed inventor of writing in China. Using the 26 keys of the Qwerty keyboard, we can input Chinese characters (and punctuation) by breaking them down into their constituent parts. In this system there are 24 basic characters, and all the thousands of others are treated as combinations of these elements. Chinese characters, (simplified 汉字), are known by many names: "Sinograms" (from the Greek name of China), "Hànzì" (from Mandarin), "Hanja" (from Korean 한자), and "Kanji" (from Japanese かんじ). Whatever you prefer to call them, they are the most complex writing system in use today.

One of my absolute favorite features of the Cāngjié input system, as opposed to others that I've learned, is that Cāngjié lets us input and look up characters that we have never encountered before! What this means is that it's not tied to any particular language or dialect in the way phonetic input systems are. Therefore I hope that this post will be useful not just to learners of Standard Chinese, but also to students of other dialects, as well as students of Japanese, Korean, Vietnamese, and to anyone interested in reading, using, or just knowing more about Chinese characters. (Which, who wouldn't?)
STEP 1: THE BASIC TWENTY-FOUR
Table 1 introduces the system's 24 basic characters (letters X and Z have special uses that we won't cover in this post), as well as some custom mnemonic prompts to help you associate each keyboard key with its Chinese character shapes. There are keyboards with these basic characters printed on the keys, as well as stickers you can affix to your keyboard. However, if you're able to memorize these pairings, you won't need to be reliant on specific hardware.
STEP 2: VARIANT FORMS
In the paragraph above we saw a few variant forms related to the basic 24 character forms (⼁ from 中, ⼐ from 山). Recognizing such variants is an essential part of using Cāngjié input! Many variants are straightforwardly related to the basic characters, but a few are unexpected. I've arranged most of the important variant forms into Table 2 to make the relationships clear.
OVERVIEW: TWO-PART COMBINATIONS
Here is a spreadsheet showing all characters that the Cāngjié system breaks into two components: each first component gets its own row, and each second component its own column. Several cells have more than one character, as these are treated by the Cāngjié system as having the same components in the same order.

Let's consider some characters in Row C of the spreadsheet, meaning those with the first component 金 (Gold). In the first few characters we can clearly see the same basic form on the left side: 鈤 鈅 鈥 釷. In Column I, however, we find 公, which lacks 金. Instead it has the upper portion ハ, which is a subtractive variant of Gold (see column (c) in Table 2 above). By "subtractive variant" I mean that the form is derived by leaving out certain strokes of the basic character. Looking a bit further in the Gold row of the spreadsheet, in Column K we find a cell with the two characters 父 釱. Here again we find the variant ハ in the first, versus the full form 金 in the second. The second component of both of these is, in the Cāngjié system, 大: in 釱 we see the basic shape, while 父 has the subtractive variant 乂.

Tagi: china alphabet 

01 stycznia 197001 stycznia 1970  0 comments  Bez nazwy
PwC to open China business campus

 

Reimagine Park, a 16-acre training facility, will be built in Sanya in southern China by the professional services giant and local government. It will be home to PwC Asia Pacific's new Trust Leadership Institute. To get more china business market news, you can visit shine news official website.

The Institute is being developed together with business schools INSEAD and Thunderbird School of Global Management, and the Danish Design Centre. Together, they will provide training and learning for future talents, leaders and executives, PwC said in a statement. Due to open in 2025, PwC described the Park as a physical and virtual venue for "everything from immersive, problem-solving workshops to formal, specialised training courses".

"Mainland China has been putting more and more resources into talent development, technology, innovation and sustainability," said Raymund Chao, chairman of PwC Asia Pacific and China.

"PwC is bringing together a community of solvers with world-renowned institutions, such as INSEAD and Thunderbird from education, and Danish Design Centre from the creative industries. They will all bring unique capabilities from different sectors. This will enable the program to make a real impact on society."

The development is part of PwC's wider China strategy, which will see investment in strategic areas including the "workforce of the future".

"We hope that PwC will continue to leverage its advantages in the academic and business sectors so as to help Sanya's digital innovation and talent development," said Chen Xi, deputy secretary of the Sanya Municipal Party Committee and mayor of the municipal government.

"We welcome partners from around the world to our free trade port. We hope they can share the opportunities from China's development and excel together."

Tagi: china alphabet 

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