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For the second time in a week, President Xi Jinping has emphasized the important role of science and technology in powering China's development on April 26. Speaking at a symposium on internet and cyberspace security on April 19 in Beijing, he called for China to make a breakthrough in next-generation internet technologies. And on April 26, at one of the events highlighted most by Chinese media during his field-study tour of Anhui province, Xi visited the University of Science and Technology of China, in Hefei. At the university's Institute of Advanced Technology, Xi was shown achievements in areas ranging from artificial intelligence to public security, and from drones to alternative energy. He visited the control center of the 2,000-kilometer Beijing-Shanghai quantum communication main network, due to become fully operational in the second half of this year, and the university's Laboratory of Physic Science for Advanced Medical Application. Talking to faculty members, researchers and students, Xi praised the university's recent progress in innovation and new technologies.
He urged his audience to show a greater "sense of mission" by educating more people and making greater achievements in the new frontiers of science and technology. An economy of China's size would be unsustainable if it relied entirely on imports for its new science and technologies, Xi said.
Zhang Xiaojun, vice-president of Anhui Huami Information Technology, which has investment from Chinese mobile phone producer Xiaomi, was one of the high-tech company leaders who met with the president. He said he thinks Xi's comments will greatly encourage technology companies like his, and he is more confident in serving the Chinese economy with smart wearable gadgets. Yao Hongyu, CEO of Beijing-based cloud computing and big data company Yoyo Systems, said he thought the president was saying in Anhui that the next 10 years is the best time for China to build up its power in new technologies.
He said the country's current scientific research capability still lags behind many developed nations, and most of the core components of China's industrial robots are imported. Yao added that it will be "a long and tough journey" for the country to improve its capability on core technologies.
He said state-owned companies and government departments should buy domestic brands to support the development of China's science and technology, and the nation needs to develop core technology in fields such as cloud computing and big data. During his Anhui trip, Xi visited the village of Xiaogang, which was one of China's poorest four decades ago and took a lead in the country's economic reform and opening-up in the late 1970s.
He also visited mountainous Jinzhai county, where many farmers are beginning to use solar power to change their lives under the government program to eliminate poverty.
The opening ceremony for the Shanghai Tower's basement, which will house an exhibition on skyscrapers, and a five-story annex signify the upcoming completion of a building that has taken nearly eight years to complete. At 632 meters, it is the world's second-tallest building, after the 828-meter Burj Khalifa in Dubai. Ge Qing, deputy general manager of Shanghai Tower Construction and Development Co, the building's owner and developer, says an observation deck on the 119th floor will open in a few months, ahead of the building's official opening later this year. The world's fastest elevators, which can travel at speeds of more than 18 meters per second, will carry tourists to the observation deck in less than 55 seconds. The Shanghai Tower will also house China's highest restaurant on the 120th floor, the highest hotel lobby on the 101st floor, and the highest swimming pool, with a view from the 84th floor. The building is the latest among a cluster of super skyscrapers in the Shanghai's Lujiazui Financial Area, which also houses the 468-meter Oriental Pearl Television Tower, the 421-meter Jin Mao Tower and 492-meter Shanghai World Financial Center. Royal Philips NV will offer more healthcare solutions in China this year as the country copes with a surge in chronic diseases brought on by an aging population, its executives say.
The Dutch company will mainly focus on heart disease, cancer, respiratory illnesses and fertility issues. Philips will also introduce new medical products and devices as it looks to compete with established rivals. Andy Ho, chief executive of Philips China, says China's hospital service system is under pressure from a growing number of senior citizens, patients with chronic diseases and shortages of healthcare resources. As a part of its strategic transformation, Philips also introduced the big data HealthSuite Digital Platform this month to establish a new clinical ecosystem in China. Chronic diseases, which typically last more than three months, cause 85 percent of deaths in China, according to the National Health and Family Planning Commission. Common chronic diseases include cardiovascular diseases, cancer, diabetes, arthritis, asthma and chronic obstructive pulmonary disease. About 10 million people in China have been diagnosed with chronic diseases every year since 2002. The Shanghai-based company, which tracks mergers and acquisitions, says 206 purchases were recorded January to March, up 77.59 percent year-on-year. Chinese investors' interest in M&As started to become evident in the fourth quarter of last year, which saw 147 overseas acquisitions. In developed markets such as Europe, the United States or Japan, the overseas assets allocation rate remains about 40 percent, the company's data show.
Morning Whistle says technology, media and telecommunications, as well as agriculture and food, and energy and minerals were the three biggest sectors in which Chinese companies invested overseas last year.
In March last year, Chinese conglomerate Fosun International Ltd bought 98 percent of French resort brand Club Med for 1 billion euros. A survey by Morning Whistle in the fourth quarter last year showed Germany was the most popular investment destination among active buyers, with 127 of those surveyed showing an interest in the nation's companies. Henry Cai, chairman of private equity firm AGIC Capital, says the industrial system built up by small- and medium-sized German companies is a core element that Chinese companies should have a basic understanding of before they make any acquisition in Germany.
Like many people in China, Chen Hua (not her real name), a 60-year-old from Guangdong province, used to hate visiting hospitals because every time she had to wait in long lines to see a doctor, pay medical bills and buy the prescription drugs.
Now, she has found a better alternative: She visits a nearby drugstore where she can interact with doctors at major hospitals via video link.
A nurse checks the body temperature of patients at a medical center in Hangzhou, Zhejiang province. Recently, Chen had backache and had an online consultation with a doctor at Guangdong Internet Hospital, which is operated by the Second People's Hospital of Guangdong province. Chen is among a growing number of patients benefiting from China's booming online medical services. Dozens of internet hospitals are popping up across China, fueled by strong support from local governments. Jiang Xinwei at consultant company Analysys International says China's internet healthcare industry has entered a new stage after years of explosive growth in basic online medical services, such as making appointments and paying medical bills.
Qin Zexi, an analyst with iResearch Consulting Group, says the online healthcare industry will continue to gain steam, thanks to the swift development of mobile internet technology and the government's intensified efforts to push medical reforms.
In March, Li Bin, the minister in charge of the National Health and Family Planning Commission, called for more widespread use of the internet to direct patients to different medical institutions based on their needs, so as to reduce the pressure on big hospitals and improve the efficiency of medical resources.
Unlike other web-based services such as e-commerce, which initially boomed in the wealthy eastern provinces, online medical service providers have ventured into less-developed western regions. We Doctor Group, which has raised more than $100 million in funding from Tencent, opened an internet hospital for northwestern Gansu province recently by teaming up with a local public hospital.
Alibaba is running a similar project in a village in the central province of Hubei, where it hopes to help villagers deal with common and chronic illnesses like hypertension and diabetes. However, other players are eyeing the higher end of the online healthcare market, which includes handling serious and complicated illnesses by pooling top-level doctors. Haodf inked a deal with the Yinchuan city government in the Ningxia Hui autonomous region this month to create an online hospital that connects top-level doctors from big cities with local clinics.
Jiang at Analysys says, "The two models are still nascent, but I'm more optimistic about the high-end medical services market because of the enormous demand.
However, Tian Junzhang, president of the Guangdong Second People's Hospital, argues that it is nearly impossible to attract so many experts to offer online diagnoses. In addition to technological bottlenecks, analysts say the issue of getting internet medical services covered by China's national medical insurance system remains thorny, especially for prescription drugs sold online. Ni Jianwen, vice-president of Alibaba's health business division, said in an interview with media group Caixin that, due to the different regional policies, drug sales receipts sometimes are not accepted by local insurance authorities, creating difficulties for people buying medicine from online stores.
As internet heavyweights scramble to expand online healthcare, a tech company in southwestern Guizhou province is aiming to carve out a unique presence for itself in the fiercely competitive industry. Doctors in wuzhen, zhejiang province, are able to talk with their patients through the internet.
Using Guiyang Sixth People's Hospital as a base, the company launched the Guizhou Internet Hospital last year, enabling local patients to visit nearby drugstores or medical centers where they can consult doctors through video calls. It is different from other platforms where doctors offer online medical services only in their free time, because these platforms have inked contracts with individual doctors rather than their hospitals. Zhong Xiuyun, a doctor with the Guizhou Internet Hospital, says the number of daily patients has surged to an average of 500 from less than 10 six months ago after the company set up more than 90 consultation sites at drugstores and other facilities within the province. Still, Qin Zexi, an analyst at Beijing-based iResearch Consulting Group, says it is important to remain cautious about the role of the internet in handling complicated diseases. Final assembly is about to start on the nation's first floating nuclear plant in Huludao, a coastal city in Liaoning province, reports eworldship, a Shanghai-based maritime industry information provider.
Bohai Shipbuilding Heavy Industry Co Ltd, a unit of China Shipbuilding Industry Corp, will build the facility, it says. Market value: Offshore oil drilling demand will keep growing in the next five years, with a market value of 100 billion yuan.
The corporation "is the first company to receive permission to construct the floating nuclear-powered vessel, and it aims to become the strongest builder of floating nuclear platforms within five years", the report quotes Wu Zhong, general manager of CSIC Asset Management Co Ltd, as saying. At the end of last year, the National Development and Reform Commission, the top economic regulator, gave the shipbuilder the nod to start research on a demonstration project for the platform. China General Nuclear Power Group this year signed a strategic cooperation agreement with the shipbuilder to develop a reactor design for an offshore nuclear power platform.
CGN is working on preliminary designs for the 200-megawatt ACPR50S, which is expected to start construction in 2017 and be commissioned by 2020.
The company says floating nuclear power plants can be used to supply stable electricity to remote areas as well as large industrial facilities, such as seawater desalination plants and offshore oilfield exploration rigs. Wu says the offshore oil drilling demand will continue to grow in the next five years, eventually reaching a market value of 100 billion yuan, while the nuclear-powered equipment industry is expected to reach 50 billion yuan a year in Bohai Bay. China has for the first time set major targets to improve its nuclear energy security and capacity to control radiation sources in the 13th Five-Year Plan, the government's blueprint for development between 2016 and 2020.
He adds that if the new projects start as scheduled, China could have more nuclear reactors than France, putting it second only to the United States. Last year, six nuclear reactors went online, and the authorities have given permits for the construction of eight more as well as approved locations for another two, the ministry says.
It says about 60,000 companies are now utilizing 120,000 radiation sources, mainly for medical diagnosis and treatment as well as industrial production.
To ensure the security of radiation sources and nuclear reactors, the targets set out in the plan require the authorities to maintain effective control of nuclear security, and lower the risks involved, to ensure facilities reach the advanced international level. BYD Co Ltd, the Chinese new energy vehicle manufacturer, could join the ranks of Global Fortune 500 companies in 2017, as the carmaker has grown rapidly amid the boom in green cars, its top executive says. BYD is based in Shenzhen, Guangdong province, along with Fortune 500 companies Ping An Insurance (Group) Co, Huawei Technologies Co, China Merchants Group and Amer International Group.
More than 330,000 new energy vehicles were sold in China last year, 3.4 times more than 2014, according to the China Association of Automobile Manufacturers. BYD, which is listed in Hong Kong, surpassed US company Tesla Motors Inc to become the world's largest producer and seller of new energy cars last year, selling 58,000 units, up 208 percent year-on-year, the company says. It's rare to get an interview these days with Zou Yin, the low-key chief executive of DHL Supply Chain in China. Zou's quick responses to questions reflect a deep understanding of the logistics business, and that he is confident about its prospects. He punctuates his answers with Western humor, probably a result of his long experience in Germany, while the two paintings in his office indicate his penchant for Oriental aesthetics, particularly traditional Chinese culture. But it would be folly to attribute the success of DHL in China in recent years to Zou's office feng shui. Logistics is traditionally seen as a low-profile industry, so it's not easy to attract top talent. So it is targeting business not only from existing customers, mostly multinationals, but also Chinese firms, Zou says, adding that most of its customers have been clients for more than 15 years. In recent years, DHL in China has seen many of its customers - particularly those in technology and automotive industries - move up the value chain. Zou says he recently chatted on the subject with a senior vice-president of a top Chinese telecommunications company in Shenzhen.
From focusing on a low-cost supply chain model, they are looking for alternatives in the market.
They advise investors to trim their positions to guard against the risk of rising volatility. China's A-share market experienced turbulence recently with the benchmark Shanghai Composite Index hovering around the psychologically sensitive level of 3,000 points.
Hong Hao, chief strategist at investment bank BOCOM International Co, says the economic fundamentals can improve in the near term, but the stock market rally has been stretched and the risks are escalating. Tu Jun, an analyst at Shanghai Securities Co, says the change in investors' expectations for liquidity and inflation is the key factor that will anchor the future movement of the market.


However, he notes, the sudden market slump on April 20 signaled the start of a "mid-level correction" rather than the beginning of an extended decline.
Ren said in April that the A-share market could rise as much as 20 percent from the current level. Overseas insurers are increasingly popping up on the shopping lists of acquisition-minded Chinese companies, whose recent buying sprees globally have driven the country's outbound mergers and acquisitions to a record high.
Since last year, Chinese companies have announced at least nine M&A deals for overseas insurers. Chinese companies have announced many M&A deals for overseas insurers since last year, including Anbang Insurance Group's recent purchase of Allianz Life Insurance Korea and Allianz Global Investors Korea.
The trend highlights the ambition of cash-rich Chinese conglomerates such as Anbang Insurance Group and Fosun International Group to build an insurance-driven investment empire, inspired by the principles of US billionaire investor Warren Buffett. The focus on insurance also reflects the shift in China's overseas M&A activity from energy and resource industries to service and consumer-centric sectors. The most recent deal is Anbang's purchase of Allianz Life Insurance Korea and Allianz Global Investors Korea, the South Korean operations of German insurer Allianz SE. It is the second time Anbang has acquired a South Korean insurer, following its purchase of a controlling stake in Tongyang Life Insurance Co for $1 billion last year. Another large and active Chinese acquirer is Fosun, which has spent more than $5.7 billion buying insurance assets over the past two years. Simon Harris, managing director for global insurance and managed investments at global ratings agency Moody's Investors Service, says M&As are attractive because of a combination of economics and favorable asset prices. He cited low funding costs and depressed insurance asset prices in some markets as reasons for the latest wave of Chinese M&As in insurance. The moves by Chinese companies come at a time when overseas insurers, in particular those in Europe, are struggling with stricter regulatory requirements as well as a low interest rate environment, which has adversely affected their investment returns. German insurer Allianz decided to spin off its South Korean business and sell it to Anbang after the insurer suffered a $277 million loss on the South Korean life and health insurance unit last year. Analysts say the M&As could also be fueled by the desire of Chinese companies to diversify their investment into global markets, hedging against a weaker renminbi and with the intention to gain more low-cost capital through expansion of the insurance business.
Meanwhile, other Chinese investors have joined the acquisition spree to take advantage of China's growing demand for overseas insurance products. JD Capital, a Beijing-based private equity firm, has offered to buy the life insurance operations of Hong Kong-based financial group Dah Sing Financial Holdings Ltd, Bloomberg reported, citing sources familiar with the matter. The report says the deal reflected JD Capital's plan to unlock the value of the business at a time when Hong Kong insurers are seeing big increases in product demand from the Chinese mainland. But analysts warn the latest insurance M&A deals could bring new challenges, such as low interest rate exposure, volatile business conditions and growth pain. He notes that M&A activities will continue but likely at a slower pace in the coming years. Just how prudent and cautious Chinese companies have become is illustrated by Fosun's termination of its $462 million purchase of Israeli insurer Phoenix Holdings Ltd in February.
Some analysts speculate the cancellation may indicate the intention of Fosun to reduce its leverage and improve its investment rating after the rapid growth of its investments in international markets. Bai Yun, an official at the CIRC, said the more attractive rate of life insurance products than the bank deposit interest rate after the regulator liberalized the pricing mechanism for life insurers has helped drive up their premium revenues. However, the insurance regulator forecast profit decline for the Chinese insurers in the first quarter amid a slowing economy and a volatile capital market. Wang Guojun, an insurance professor at the University of International Business and Economics, says the volatile capital market will have a negative impact on the insurers' investment returns. Total investment returns of the Chinese insurers in the equities markets dropped by 100.5 billion yuan from the beginning of the year, according to the insurance regulator. Marchon worked with Google Inc in the development of Google Glass, which includes a camera, processor and tiny screen mounted to eyeglass frames. Working with more than 20 prestigious fashion and sport brands, Marchon has developed an extensive global network with offices in more than 20 countries. In China, particularly, the company has built an extensive distribution network covering 169 cities in 29 provinces, including a design studio in Hong Kong and a logistics center in Shenzhen, Guangdong province. We have had relationships with partners in China for more than 20 years in production as well as in research and development, especially in Shenzhen, where we have our distribution center. Now we are developing new relationships with distributors around the country, a lot of them are through local wholesalers, who are very modern, smart and capable.
On a personal level, the biggest investment we've done in innovation has shown me the future in a way that I wouldn't have thought of two to three years ago. Two years ago, we did the project with Google, by working with it for the development of Google Glass.
China has changed from a huge economy based on population and manufacturing capability into a new economy based on infrastructure and even commercial distribution. Now design, quality and innovation are very important to consumers in China, and it becomes so much easier for Marchon to enter the market and expand. China is the biggest market in the world going through huge changes and innovation with great opportunity. It is going to have millions of new consumers and we will have probably thousands of employees working in China. Following the market trends in China will be much more difficult than anywhere else because it changes so fast.
Marchon has about 100 people working in design development between Italy, the United States and Hong Kong. Some people get frustrated by hardships and setbacks, but some people get excited, like me. For me, the excitement is the continuous change that makes my heart beat harder to catch up to changes faster. I think my main motivators in my career have been believing in my dreams, following my dreams and setting my heart the way I want to go, and not the way people think I should go. I think that a good CEO, especially in the fashion industry or consumer goods industry, should be able to predict what's going to be the next big thing. It has become a trend for automakers to sell vehicles through e-commerce platforms in China, the world's largest vehicle market and the second-largest for premium cars. So, the Fiat Chrysler Automobiles NV subsidiary teamed up last month with Tmall, the online retail arm of Alibaba Group Holding Ltd, to sell its first-ever sport utility vehicle online.
Some 100 Levantes, worth about 1 million yuan ($154,400) each, were snapped up in just 18 seconds, said Harald Wester, chief executive officer of Maserati. The sales have boosted Wester's confidence about the brand's prospects in China, where the Levante is expected to debut this summer. Earlier this week, Wester spoke to China Daily about his vision for the Chinese luxury vehicle market.
This is a trend I personally believe will be set in China due to the average age of people.
Fifty of the 100 cars were sold in cities we do not have dealers and 30 percent were sold through mobile phones.
The customers paid through Alipay and then chose a dealer who contacted them to sign the contracts. Secondly, referring to our objectives both globally and in this market, we are less dependent on significant growth of the market than mass-market brands or people which are selling millions of cars in the country. You have to listen, you have to consider that the world is evolving so quickly and you need to be sufficiently open-minded to understand and to accept that things here are totally different. State lender Postal Savings Bank of China Co's initial public offering will make it the largest in Hong Kong this year, but regulators' attitude toward its flotation remains to be an issue, said experts. A source close to the company told China Daily that the bank's listing will raise about HK$78 billion ($10.1 billion), but the timetable has not been confirmed. The company hopes it will be this year, but it depends on regulators' attitude and the market conditions. Dong Dengxin, a researcher at Wuhan University of Science and Technology, said he has confidence in the IPO. Dong said Chinese investors are usually fond of new shares and the bank has advantages such as a large network of branches, but it has challenges because the commercial bank industry is experiencing slower growth. A founding partner of a Shenzhen-based investment company who declined to be named told China Daily that there are funds worth hundreds of billion yuan in Hong Kong, but their investment channels are limited. But he added he is not sure whether the IPO will be popular in capital markets because the business growth rates of commercial banks are slow and their bad loans can be a problem. The Postal Savings Bank of China has more than 40,000 branches across the country, twice the size of the ICBC, the largest bank in China by assets. Evergrande will lift its stake to 27.2 percent after acquiring more than 1 billion shares from five shareholders through a unit, it said. Shengjing Bank received approval in January from the banking regulator for a consumer-finance firm, one of a handful of banks to hold such a license, Evergrande said in the filing, adding it expects the purchase to generate high returns. Under Chairman Xu Jiayin, one of China's richest men, Guangzhou-based Evergrande has embarked on a spending spree that has seen the developer's debt swell. Evergrande is paying 10 yuan a share for the stake, equivalent to a 7.8 percent premium to Shengjing Bank's closing price in Hong Kong on Wednesday, data compiled by Bloomberg showed.
Xu Jiayin, chairman of Evergrande Real Estate Group, left, and Xia Haijun, chief executive officer of Evergrande, attend a news conference in Hong Kong. Anta sold 40 million pairs of shoes in China, surpassing the US multinational sportswear giant, signaling a boom in the domestic market.
Anta's sales revenues surpassed the total amounts of some domestic sportswear makers, including Li Ning Co Ltd, Xtep International Holdings Ltd, 361 Degrees and Peak Sports Products Co Ltd.
By 2025, Anta plans to become a leading sportswear maker with annual revenues of more than 100 billion yuan. Swiss specialty chemicals producer Clariant AG said on Thursday that China will overtake the United States to become the world's largest chemicals market in the next five to 10 years despite an economic slowdown. Jan Kreibaum, Clariant's president in charge of markets in China and South Korea, said that 40 percent of the company's total investment will go into the world's second-largest market by 2017, especially for innovation and research. Specialty chemicals are products used in industries for their performance and function such as food additives, flavors and fragrances and water treatment materials. The Swiss firm has four business areas: care chemicals, catalysis, natural resources, and plastics and coatings.
Kreibaum identified the personal care and packaging sectors as the most promising segments because of rising consumer-driven economies and industrialization. A report by research firm IHS said that specialty chemicals market, dominated by companies from North America, Western Europe and Japan, will face more competition from Asian companies amid pressure caused by rising cost. It warned that as competition increases, the industry will become more consolidated with mergers and acquisitions. Lu Jinyong, a professor at the University of International Business and Economics, confirmed that trend by saying that the biggest potential for growth in China for the next decade lies in the development of the third- or even fourth-tier cities, where distribution channels should be set up in advance. The minimal growth this quarter is primarily attributed to strong smartphone saturation in developed markets, as well as a year-on-year decline from two market leaders Apple Inc and Samsung Electronics Co Ltd, the report said.
Despite the slight decline, the new Galaxy S7 and S7 edge sold vigorously in March and was helped by numerous enticing carrier promotions to help push volume. In contrast, smaller local vendors such as vivo and Oppo, are targeting the youth market that has not been fully explored, not only in China, but also in other emerging markets including India.
Its expansion in the domestic market has been via offline channels and a strong push to lower-tier cities. A model displays an Oppo brand mobile phone that carries the logo of FC Barcelona in Beijing.
HNA Tourism Group Co will acquire Carlson and its 51.3 percent stake in Rezidor Hotel Group AB, Carlson's Brussels-based master licensee for Europe, the Middle East and Africa, and may begin a takeover offer for all of Rezidor, the companies said in a statement on Wednesday.
The HNA acquisition is part of a wave of Chinese investment in overseas hotel properties and brands. Carlson Hotels has 1,400 properties with more than 220,000 rooms under operation and development in 115 countries and territories.
Under a memorandum of understanding signed on Wednesday, the two organizations will cooperate in tackling online IP infringement.
For example, they will help IP rights holders find out if their rights are being infringed, and if so, will take down the infringed content from the Baidu search engine. Beijing-based Baidu said in a statement that it will set up a platform dedicated to processing tipoffs about both Chinese-language and English-language IP infringement and create a healthy internet environment. The move was welcomed by international publishers looking to generate significant revenue in China by exporting their digital content.
The United Kingdom's publishing industry, for example, has a third of its total revenue coming from digital sales and 40 percent from exports, including a significant portion from China.
The ADB does not guarantee the accuracy of the data included in this website and accepts no responsibility for any consequences of their use. Use of the term "country" does not imply any judgment by the authors or the ADB as to the legal status or other status of any territorial entity.


GMS countries recognize the need to shift toward planning systems that optimize natural resource allocation for better long-term outcomes. Since its 2006 beginning, the Core Environment Program has taken a lead role in supporting government efforts to improve strategic planning. Integrate economic valuations of natural capital in development plans and investments decisions. Building the awareness of decision-makers about the importance of integrating economic valuations of natural capital into planning and decision-making processes.
Improving regulatory frameworks and institutional arrangements for cross-sector (tourism, energy, transport etc.) coordination and dialogue, SEA, and multistakeholder participation. Strengthening the technical capacity of government staff to apply best practice and analytical tools for planning through action-learning and knowledge exchange. Promoting the application of SEA and related tools to support sector- and area-based planning. For more information about GMS-EOC activities, please complete the form below and one of our team will be happy to get back to you.
Facilitated by the Asian Development Bank as an integral part of the GMS Economic Cooperation Program, CEP seeks to create a region where economic growth and environmental protection are approached in parallel, and in a way that benefits all who live there.
In addition, latest analytical analysis inputs for the NESAP will be presented: (i) an assessment of the quantitative and qualitative economic and social benefits in transiting toward a more environmentally sustainable growth path, and ii) identifying a the steps and policy options for moving from sustainable growth targets to specific implementation actions and projects.
The afternoon session began with an overview of the government’s vision for adopting PES as a sustainable financing arrangement for natural resource conservation in Cambodia.
Help at hand for countries desperately seeking climate cashSeveral big international funds, including the U.N. Despite legal provisions to minimize and manage pollution, there lacks an overarching law or effective legal and policy frameworks, and the roles and responsibilities of various ministries and agencies are neither clear nor sufficient. In response, the GMS Core Environment Program is working with the Ministry of Natural Resources and Environment’s (MoNRE) Pollution Control Department (PCD) to develop a National Pollution Control Strategy for 2016-2025. This latest initiative builds on earlier CEP support to MONRE to identify capacity building needs for PCD as well as applying the Industrial Pollution Projection System. The overall aim of the 5-phase program is to strengthen SEA capacity in the participants’ organizations and is open to applicants from government agencies and ministries, non-government organizations, and private enterprises. The first four phases will be held in Sweden and Viet Nam intermittently from September 2016 until March 2017. Myanmar, Japan-linked consortium reach agreement on new airport planThe Myanmar government and a consortium that includes Japanese engineering firm JGC Corp. The Shanghai Tower will house offices, a hotel, museum and art gallery, and will be a venue for conferences and exhibitions.
Ticket prices for the deck, which will provide a bird's-eye view of the city, have yet to be set, Ge says. More than 20,000 pieces of glass covering 220,000 square meters were used on the building's exterior. The energy automation system has a real-time electricity consumption monitoring function that can save up to 10 percent of total energy use. The costs of treating these diseases accounted for more than 70 percent of total healthcare expenditures last year. Prevention and the control of such diseases are one of China's major healthcare reform tasks leading up to 2020.
Technology companies are rushing to revolutionize the sector by partnering with public hospitals and acquiring private ones. Alibaba Group Holding Ltd, Tencent Holdings Ltd and a string of startups are all eyeing the niche. That makes Longmaster the controlling stakeholder, not just a software provider to a hospital. Without a hospital, it is impossible for us to be deeply engaged, let alone revolutionize the sector with technology and service-oriented minds," says Wang Wei, chairman of Guiyang Longmaster Information & Technology Co Ltd. The company has arranged 15 doctors to run the Guizhou Internet Hospital on a full-time basis, he says. Similar to a project initiated by one of its rivals, Haodf, Longmaster is planning to launch an online platform in May to link nationwide patients with complicated and serious diseases to leading doctors from top-tier cities.
Now, Chinese consumers have developed a growing interest in new energy vehicles," Wang says. By 2020, the company aims to have another six logistics centers, in Guangzhou, Hangzhou, Wuhan, Shenyang, Shenzhen and the Shanghai Free Trade Zone, bringing its total national warehousing capacity to 1 square kilometer. The sudden single-day decline of 2.31 percent on April 20 triggered fears and selling pressure in the market.
But their strength should not be mistaken for sustainability or for a renewed growth cycle," he adds.
He is one of the first Chinese analysts to make such bullish remarks since the benchmark Shanghai index began moving sideways around the 3,000 mark a few weeks ago. Life insurers, in particular, will likely suffer a profit decline of as much as 72.56 percent. The decline has also to do with the high base last year when the stock market was surging," he says. Eyewear is going to deal with health and well-being, much more than we can even remotely think today," he says. We have a part of our company that is dedicated to the development of new technologies such as 3-D printing and new ways of using eyewear.
So products that are better and higher in quality have become much more desirable to the Chinese consumers. For me, working in an international environment, speaking the languages and understanding the mentality of new markets have been the bread of my life.
I can clearly see in the next 10 years it will be one of the most important markets for our company. The organization will not just enlarge with size but will be more involved with China's changes.
Over the years, we will meet the evolved Chinese competitors at the middle point of the market.
I like when I am in the situation that when I wake up in the morning, things are completely different from the previous night, and I have to figure out how to get along with it.
For example, in biking, my goal is to reach the top of the mountain with my bike, so I will go as far as I can to get close to my goal. Talking about the Ghibli sedan, I think the average age is 30, and we have approximately 40 percent female customers. Typical customers in the old markets like Western Europe, the United States and Canada are male over 55, accounting for more than 80 percent. We do not want to and we will not participate in the race about volumes for various reasons. If you look globally to the luxury car market, there are slightly more than 1 million units, of which over 50 percent are SUVs. Evergrande may want to improve its access to funding and securing a stake of more than 20 percent also means that it can record a share of Shengjing Bank's profits in its earnings.
Industrial & Commercial Bank of China Ltd shares trade at a 20 percent premium in Shanghai to their Hong Kong price. Evergrande agreed earlier this month to pay 3.6 billion yuan for a stake in China Calxon Group Co. Anta has become the first Chinese sportswear brand to reach this threshold, according to the company. It will provide uniforms and equipment for 10 Chinese national teams - gymnastics, trampoline, weightlifting, wrestling, judo, boxing, taekwondo, rowing, canoeing and water polo. A pair of basketball sneakers co-branded by Anta and NBA sell at 399 yuan or 499 yuan, whereas a similar pair of shoes from adidas or Nike cost more than 1,000 yuan. That means even though China has short-term setbacks in its economy, the fundamental picture for the chemicals market will not change in the long term," said Christian Kohlpaintner, member of the executive committee of Clariant International AG.
By offering cost-effective products that appeal to the younger generation, they have an edge over global giants, said Zhu.
Moreover, it focuses on the global market, expanding its business throughout Southeast Asia, the Middle East and Africa.
Similar to Oppo, vivo's retail presence and marketing in lower-tier markets were particularly strong and a key factor in its growth. Oppo is targeting younger customers not only in China, but also in emerging markets worldwide. Beijing-based Anbang Insurance Group Co made a surprise $14 billion bid for Starwood Hotels & Resorts Worldwide Inc in March before walking away unexpectedly three weeks later, enabling Marriott International Inc to proceed with a takeover.
Besides Radisson, Radisson Blu and Radisson Red, the company owns the Quorvus Collection, Park Inn by Radisson, Country Inns & Suites by Carlson and the Club Carlson frequent-guest program. The search engine giant had been accused in the past of allowing unauthorized digital content of books and music on its sites. Wahls Publishing Consultancy, said the agreement is very encouraging for publishers and authors.
They do not necessarily reflect the views and policies of the Asian Development Bank (ADB) or its Board of Directors or the governments they represent. In no event shall the ADB be liable to the recipient or any other party for damages of any type, including but not limited to incidental, consequential or exemplary damages arising out of the use or inability to use these materials. In particular, CEP has introduced Strategic Environment Assessment (SEA) and piloted many SEA activities, helping mainstream the approach as a valuable planning tool. Recommendations on delivering favorable legal, institutional and technical capacity conditions for PES will inform Cambodia’s National Environment Strategy and Action Plan (NESAP), and will become the basis for scaling up PES in the country. Through group exercises; participants identified legal, institutional, and technical capacity conditions for scaling PES up. Information about current and projected pollution sources, intensity, impacts, and geographic spread is mostly lacking, as are monitoring and compliance systems.
The fifth phase will see participants apply their learning to specific SEA projects relating to their organizations over a 6-month period through to September 2017. The course is being organized by NIRAS with the Centre for Environment and Sustainability (GMV) in Gothenburg, Sweden, as partner. They also discussed how the guidelines could be effectively disseminated, including the potential of developing training modules. They are willing to invest more in the supply chain to ensure their products reach consumers in time. That's up 280 percent from China's total outbound insurance M&A value in 2014, according to financial data provider Dealogic. Claudio Gottardi, president and CEO of New York-based Marchon Eyewear Inc, sees the future of glasses not just in fashionable design, but also in portable technology.
Without competition, we would all do the same thing for maybe the next 20 years because nobody would have to invest and make it better. There are also some smaller markets - Italy, South Korea, Japan, the United Kingdom and so on.
So, we used the chance to reinforce our dealer network and to improve preparations because today a new SUV is coming and the local operations need to be strengthened. For high-end products, the two giants still have significant advantages over the others in major cities. Carlson's hotel group could fetch about $2 billion in a sale, people with knowledge of the matter said in March.
Had Anbang bought Starwood, it would have been the biggest acquisition of a US company by a Chinese buyer. As a result, the country is unable to effectively manage pollution and has requested support to address this situation.
The feature draws heavily on analysis and work conducted by the GMS Core Environment Program’s (CEP) Green Freight Initiative. If (Chinese companies) do not participate, they will always be at the bottom of the value chain," Wang says. When we compare our numbers for the first quarter of 2016 with those in 2015, we feel quite positive and confident. The average age is a little bit higher at about 33 or 34 and still with a significant percentage of women.
In 2015, HNA acquired a 15 percent stake in Red Lion Hotels Corp, an owner of mid-scale and full-service US hotels. As these natural capital stocks decline, so to do the ecosystem services they provide, such as regulating the climate and providing productive soil and clean water.



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