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Shanghai Daily,上海日报

Global Lens on China

外媒看中国


Xiaomi unveils Mi 4 smartphone and Mi Band wristband

Xiaomi unveils Mi 4 smartphone and Mi Band wristband

小米发布米4手机和智能腕带

THE firm is marketing the steel handset's 5in (12.7cm) screen as offering 17% greater resolution than Apple's higher priced iPhone 5S.


It adds that the wristband acts as an ID authenticator, allowing the phone to be unlocked without a password.


One expert described the Mi 4 phone as "another winner" from a firm that seemed to have "unstoppable momentum".


Xiaomi (pronounced shiow-me, and meaning little rice) showed off the new kit at a launch event in Beijing.

Full Story

BBC | July 22, 2014, Tuesday


China warns against

China warns against "blind" rush to build coal-to-gas plants

中国提醒不要盲目建造燃气管道

CHINA has warned operators against "blindly" developing projects to turn coal into synthetic fuel, underlining the requirements needed for regulatory approval as companies rush into investments that are costly and might harm the environment.


The warning, published by the National Energy Administration (NEA) on its website (www.nea.gov.cn) on Tuesday, came days after plans to produce billions of cubic metres of gas from coal were described by a top government researcher as "irrational".


The government bans coal-to-gas plants that would produce less than 2 billion cubic metres a year and coal-to-oil projects smaller than one million tonnes a year, according to the NEA document.


Even projects meeting those guidelines must get approval from the State Council, China's cabinet, before construction can begin, it added.


"Some regions are highly enthusiastic about new projects. There are signs of blind development regardless of the environment, water resources, technology and financial capabilities," the statement said.

Full Story

Reuters | July 22, 2014, Tuesday


Chinese Pork Producer Rekindles Hopes For I.P.O.

Chinese Pork Producer Rekindles Hopes For I.P.O.

中国猪肉生产商重燃国际销售希望

THIS little piggy is going to the market after all.


Three months after it scrapped plans for a $5.3 billion share sale in Hong Kong, China’s WH Group, the world’s biggest pork producer, is back with a leaner offering that will seek to raise about $2 billion.


WH Group was created last year after Shuanghui International of China paid $4.7 billion in cash for Smithfield Foods, the biggest pork producer in the United States. That deal remains the biggest-ever buyout of an American company by a Chinese one.


The enlarged group announced plans in April to raise as much as $5.3 billion in a Hong Kong initial public offering, a deal that was criticized as being bloated with an unprecedented 29 underwriters. The I.P.O. was later slashed to $1.9 billion before ultimately being canceled because of lackluster demand.


Investors were put off by WH’s hefty debt levels, the I.P.O.’s steep asking price and the company’s decision to award its top two executives a combined $600 million bonus for 2013. On top of this, an outbreak of porcine epidemic diarrhea virus in the United States led to sharp increases in hog prices this spring, complicating WH’s plans to export pork from the United States to China.

Full Story

The New York Times | July 22, 2014, Tuesday


Apple revenue lags Street's view despite strong China growth

Apple revenue lags Street's view despite strong China growth

苹果营业额下滑,但中国市场销售依旧强劲

APPLE Inc posted a smaller-than-expected 6 percent rise in quarterly revenue on Tuesday, but revenue surged 28 percent in greater China despite stiff competition in its third-largest market.


It sold 35.2 million iPhones in the June quarter, a rise of about 13 percent that was in line with analysts' projections, helped by a strong performance in an Asian market considered crucial to Apple's longer-term growth prospects.


Chief Executive Tim Cook told analysts on a conference call that Apple's Chinese performance was "honestly surprising." Unit iPhone sales jumped about 48 percent and Mac computer sales rose 39 percent in the June quarter, Chief Financial Officer Luca Maestri said in an interview.


Lower-cost phones sold there by up-and-coming rivals such as Xiaomi appeared to be grabbing market share mainly from other companies that rely on Google's Android software, he added.

Full Story

Reuters | July 22, 2014, Tuesday


Chinese Now Prefer Mobile When Going Online

Chinese Now Prefer Mobile When Going Online

中国人更喜欢用手机上网

FOR the first time, more Chinese people are gaining access to the Internet with mobile devices than with personal computers.


The shift is significant, if expected, in China, which is the world’s biggest market for both Internet and smartphone users.


China had 632 million Internet users at the end of June, an increase of 14.4 million since the end of December, according to a semiannual report published on Monday by the official China Internet Network Information Center, which is known as CNNIC. Of those, 83.4 percent reported gaining access to the Internet with mobile devices, exceeding for the first time the percentage who reported using computers to go online, at 80.9 percent.


The results of the survey showed that more Chinese were heading online to send instant messages (through popular mobile apps like Tencent’s Weixin, or WeChat), listen to music, play video games and read.

Full Story

The New York Times | July 22, 2014, Tuesday


BBC Proms: China makes its breakthrough

BBC Proms: China makes its breakthrough

英国夏日逍遥音乐节:中国突破自我

WHEN it comes to the Last Night of the Proms, the flag-waving crowd belting out Land of Hope and Glory ensure it is a most British affair.
But elsewhere this year's BBC Proms line-up will have a distinctly Chinese flavour.


The China Philharmonic Orchestra will make its Proms debut tonight, conducted by Long Yu in a performance billed as "East meets West."


It is a proud moment for the Chinese. The orchestra was founded in 2000, making it a fledgling by the standards of most international orchestras.


 

Full Story

The Telegraph | July 19, 2014, Saturday


Free of graft and technically skilled: the qualities Xi seeks in new PLA generals

Free of graft and technically skilled: the qualities Xi seeks in new PLA generals

不贪不腐,技术娴熟:习近平要求解放军新将领拥有这些品质

THE latest round of promotions in the People's Liberation Army suggests President Xi Jinping is seeking to groom a new generation of military leaders who are better trained and free of corruption, analysts say.


In the past week, Xi has promoted nearly two dozen officers to the rank of lieutenant general. They are relatively young, with several having trained with the Russian military, according to the People's Liberation Army Daily and other official sources.


A few of the officers gained combat experience during the border war with Vietnam in the late 1970s.

Full Story

South China Morning Post | July 16, 2014, Wednesday


Australia tops Chinese tourist wish list, but can't crack top ten destinations

Australia tops Chinese tourist wish list, but can't crack top ten destinations

澳大利亚成为中国游客最向往的旅行地之一,但仍未进入目的地前十位

A survey of 3,000 Chinese international travellers by the Hotels.com accommodation booking website finds that more holidaymakers from China want to go to Australia over the next year than anywhere else.


Australia edges France, New Zealand, the USA and Switzerland which round out the top five most desired trips.


Hotels.com's regional director Katherine Cole says Australia matches many of the best features of those destinations.


"Australia ticks all the boxes when it comes to what Chinese travellers are looking for in a holiday destination, and those top things are safety, historical and heritage sites as well as cuisine," she said.


However, the study finds Australia has an additional winning factor over those other destinations - what it terms "the power of g'day" - which is that Australia is rated the most welcoming country towards Chinese visitors.


Aside from friendly locals, Ms Cole says hotels are increasingly going out of their way to may Chinese visitors feel welcome.

Full Story

ABC online | July 14, 2014, Monday


‘How to Train Your Dragon 2′ Scores Chinese Release Date

‘How to Train Your Dragon 2′ Scores Chinese Release Date

《驯龙记2》确定在中国上映日期

“HOW to Train Your Dragon 2″ will fly into a China next month, giving the animated sequel a crack at the world’s fastest growing movie market.


Chinese authorities have approved the DreamWorks Animation production for release on Aug. 14, a studio spokeswoman said.


China has demonstrated its box office muscle of late, propelling “Transformers: Age of Extinction” to record-setting heights. The giant robots adventure has pulled in s $262.6 million since hitting theaters last month, a new high-water mark that surpasses the film’s domestic gross. Overall, China’s box office has grown 22% through the first half of the year to $2.16 billion in ticket receipts.

Full Story

Variety | July 14, 2014, Monday


Yes, Virginia, China Is Awesome

Yes, Virginia, China Is Awesome

是的,弗吉尼亚,中国超级棒

INFORMATION technology in Arlington has helped make Virginia a top 10 destination for Chinese capital, but that’s not all. Billions are flowing into the state, including in non-sexy sectors like paper and pulp, and agriculture.  Yes, Virginia…China is awesome.


This weekend, Virginia Governor Terry McAuliffe said the state was serious about deepening its economic times with Chinese corporate investors, especially after a brand new $2 billion Chinese paper mill project was announced in June and is supposed to bring 2,000 jobs to the interior of the state. Xie xie, China.


Shandong Tranlin Paper Co.will invest in Virginia over a five year period to build its first U.S. advanced manufacturing operation in Chesterfield County. The investment represents the largest Chinese investment in Virginia history and is the largest Chinese greenfield economic development project in the United States. Over the last 14 years, Virginia has been on the receiving end of $8.8 billion in Chinese foreign direct investment.

Full Story

Forbes | July 14, 2014, Monday




 

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