Reduction of China foreign investment restrictions

China will halve the number of industries in which foreign investment is restricted, according to a government work report to be delivered by Premier Li Keqiang on March 4.

The country will also revise the Catalog for the Guidance of Industries for Foreign Investment and make the service and manufacturing sectors more open, according to the report to be delivered to the Third Session of the 12th National People’s Congress (NPC), China’s top legislature.

“Opening up is itself a reform,” according to the report.  “We must carry out a new round of high-quality opening up, move more swiftly in building a new open economy,” it read.

China would transform and upgrade its foreign trade, make use of foreign capital more actively and effectively and speed up the implementation of the “go global” strategy, according to the report. The country will also promote multilateral, bilateral, and regional opening up and cooperation, it read.


China takes Fight against Corruption even more Serious

A spokeswoman for China’s national legislature said on March 4 China would further build institutional mechanism to crack down on corruption. As Connect.China we reported serveal times about this trend in this blog. As a help, we recommend to read the studies made by Christian Hauser at htw Chur.

China has revised the Budget Law to better manage government revenues and spending so as to strengthen supervision on power, said Fu Ying, spokeswoman for the third session of the 12th National People’s Congress (NPC).

The law, revised last year, defines the government budget in four parts: the general budget, the budget for government-managed funds, the budget for state-owned assets and the budget for social insurance funds. All the four parts would be subject to supervision.

The country is also considering to revise the Criminal Law to enhance efforts to curb embezzlement and bribery, she said.

Offering bribes to officials’ relatives would be added to the list of the bribery crime, she said.

The NPC annual session will start to convene today (March 5).


Cleantech China: Tough new law hits 350 polluters

http://www.chinatalkingpoints.com/wp-content/uploads/2010/10/china_flag_cleantech.jpgChina is taking Cleantech more and more serious. But new laws are not bad only, they are a chance for swiss supplier of cleantech to make good business. The revised environmental protection law showed its teeth in its first two months, with more than 350 polluters receiving severe punishments, the national environmental watchdog said on March 2.

Considered the toughest measure against pollution to date, the new Environmental Protection Law, which took effect on Jan 1, levels stiff penalties on polluting companies, especially with its stipulations that polluters must pay daily fines for violations and with no ceiling on the total.

In the first two months of the year, 15 polluting companies were hit with daily fines, the largest one paying a total of 1.9 million yuan ($303,000). The total paid by the 15 reached 7.23 million yuan, which represented “a good beginning of the revised law”, according to Pan Yue, the deputy minister of environmental protection, on March 2.

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China Online Employment Market 2014-2017

EnfoDesk estimated the total transaction value of China online employment market exceeded RMB3.24 billion (US$526.67 million) in 2014 and the market is keeping stable growth. It is estimated that in 2017, it will will be over RMB5.33 billion (US$886.41 million), reports our friends at China Internet Watch.

china-online-employment-market-2014

There are more opportunities for online job hunters with low-level of education and grassroots blue-collar workers. With easy access to Internet as well as popularity of mobile device, they tend to find jobs on the internet.

China online employment market now involves human resource market’s many services, such as headhunting service, job assessment, training, HR outsourcing and consulting. News platform, vertical employment platform,as well as social employment platform will be in the competition.

The popularity of internet in tier-3 & 4 cities and in rural areas as well as small & medium enterprises’ IT improvement promote the development of China online employment in 2014. Besides, the essential reason is that China’s fast-growing economy stimulates continuous need for human resources.


Installed wind power capacity hit record high

China’s newly installed wind power capacity jumped to a record high of 19.81 million kilowatts in 2014, according to an industry briefing by the National Energy Bureau (NEB) Feb 12.

Wind power generated 153.4 billion kilowatt hours of on-grid electric power in 2014, contributing to 2.78 percent of the country’s total generated electricity, said Shi Lishan, deputy director of the NEB’s new and renewable energy department.

The year saw more wind power construction and development, with newly-approved wind power capacity reaching 36 million kilowatts, a year-on-year increase of 6 million, Shi said.

The average usage of wind power in 2014, however, slumped to 1,893 hours from 2,074 hours in the previous year, partly due to weak wind conditions throughout the year, Shi added.

The wind power sector generated 134.9 billion kilowatt hours of electricity in China in 2013, making it the country’s third-largest source of electricity, after thermal power and hydro power.


Big data brings rewards for Alibaba as e-Commerce gets creative

The turnover of this year’s “Double 11″ shopping festival reached 57.1 billion yuan ($9.32 billion), as shown on the screen at the headquarters of Alibaba Group Holding Ltd in Hangzhou, Zhejiang province, on Nov 12. Many newspaper around the world where spreading this news, but there is more behind.

Unlike visiting brick-and-mortar stores, online shopping may seem a lonely experience as there are no salespeople fawning on you or recommending things that they think would interest you.

Though they lack in human interaction, online websites do know what you are looking for, thanks to big data technology.

Big data usually includes data sets with sizes beyond the ability of commonly used software tools to capture, curate, manage, and process data within a tolerable time.

The real impact of big data in online shopping was evident after the recently concluded “Double 11″ shopping festival. Shoppers could find slightly different front pages when they visited Taobao and Tmall, the two major online websites of China’s e-commerce giant Alibaba Group Holding Ltd. Based on previous shopping records, Alibaba recommended goods that suit your tastes and needs, to ensure that there is something that will certainly interest you the moment you click on the website.
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