Skip to content Skip to left sidebar Skip to footer

Author: WuhuW

FDI Growth to Remain Robust, Experts Say

The growth of foreign direct investment in China will maintain its sound pace this year, thanks to the country’s robust economic recovery and moves to upgrade its industries and further expand local demand, experts and business leaders said on June 14.

 

Despite the fact that many foreign economies fully resumed production later last year, the completeness of their industrial and supply chains cannot compete with China’s, said Liu Xiangdong, a researcher at the China Center for International Economic Exchanges in Beijing.

 

Due to China’s high vaccination rate and the swift recovery of its manufacturing sector, services sector and foreign trade, the nation has emerged as a safe and lucrative place for global capital, supported by the dual-circulation development paradigm — in which the domestic market is the mainstay and the domestic and foreign markets reinforce each other, Liu said.

 

After surpassing the United States as the world’s biggest recipient of foreign investment last year, China’s actual use of foreign capital soared 35.4 percent on a yearly basis to 481 billion yuan ($75.3 billion) in the first five months of this year. The volume surged 30.3 percent from the same period in 2019, data from the Ministry of Commerce showed.

 

Meanwhile, foreign investment in the service industry came in at 381.9 billion yuan between January and May, up 41.6 percent year-on-year.

 

Chen Bin, executive vice-president of the Beijing-based China Machinery Industry Federation, anticipated that China’s attractiveness as a location for FDI will continue to grow in the second half of 2021, as the COVID-19 pandemic has seen a resurgence in export-oriented countries, including India, Vietnam, Malaysia and Thailand, in recent months.

 

“If both domestic and global manufacturers in those countries are severely disrupted by the pandemic and stop working, it will have an impact on the global supply chain, and more FDI may keep flowing into China this year,” said Ding Yifan, a senior research fellow at the Institute of World Development at the Development Research Center of the State Council.

 

Nearly 60 percent of European companies plan to expand their business in China this year, compared with 51 percent last year, according to a survey released last week by the European Union Chamber of Commerce in China.

About half of the surveyed companies said that their profit margins in China are higher than the global average. This proportion was 38 percent last year.

 

Toni Petersson, CEO of Oatly Group AB, a Swedish food and beverage company, said the company will bring its first plant in China in Ma’anshan, Anhui province, into operation later this year.

 

Supported by a local innovation team, the company, apart from supplying plant-based milk, will tailor exclusive products such as ice cream for Chinese consumers to offer them more options, he said.

 

US multinational conglomerate Honeywell said it plans to invest in China’s refinery sector over the next five years.

 

“We see China’s carbon-neutral commitment as an opportunity to join hands with Chinese partners to realize the refinery transformation by converting crude oil into more and more petrochemical products, or even completely into petrochemical products,” said Henry Liu, vice-president and general manager of Honeywell Performance Materials and Technologies Asia-Pacific.

 

Ren Xingzhou, former director-general of the Institute for Market Economy of the Development Research Center of the State Council, noted that stabilizing foreign investment inflows is a vital policy target, as it is key to technological upgrading and ultimately to long-term growth.

 

“China has leapfrogged ahead of many advanced economies in newly emerging areas such as e-commerce, electric vehicles, artificial intelligence and new infrastructure projects, but needs to continue its technology upgrading in other areas, including environmental protection, and the agricultural and manufacturing industries,” she added.

 

Vorwerk Group, a German industrial and technology company, will establish a digital solution center in Shanghai in the second half of this year to facilitate its transformation from a manufacturing company to a service-oriented manufacturer.

 

“This move will help many global companies better adapt to China’s market,” said Cha Sheng, general manager of Vorwerk China.

http://www.wuhu.gov.cn/English/News/30836601.html

FDI Growth to Remain Robust, Experts Say

The growth of foreign direct investment in China will maintain its sound pace this year, thanks to the country’s robust economic recovery and moves to upgrade its industries and further expand local demand, experts and business leaders said on June 14.

 

Despite the fact that many foreign economies fully resumed production later last year, the completeness of their industrial and supply chains cannot compete with China’s, said Liu Xiangdong, a researcher at the China Center for International Economic Exchanges in Beijing.

 

Due to China’s high vaccination rate and the swift recovery of its manufacturing sector, services sector and foreign trade, the nation has emerged as a safe and lucrative place for global capital, supported by the dual-circulation development paradigm — in which the domestic market is the mainstay and the domestic and foreign markets reinforce each other, Liu said.

 

After surpassing the United States as the world’s biggest recipient of foreign investment last year, China’s actual use of foreign capital soared 35.4 percent on a yearly basis to 481 billion yuan ($75.3 billion) in the first five months of this year. The volume surged 30.3 percent from the same period in 2019, data from the Ministry of Commerce showed.

 

Meanwhile, foreign investment in the service industry came in at 381.9 billion yuan between January and May, up 41.6 percent year-on-year.

 

Chen Bin, executive vice-president of the Beijing-based China Machinery Industry Federation, anticipated that China’s attractiveness as a location for FDI will continue to grow in the second half of 2021, as the COVID-19 pandemic has seen a resurgence in export-oriented countries, including India, Vietnam, Malaysia and Thailand, in recent months.

 

“If both domestic and global manufacturers in those countries are severely disrupted by the pandemic and stop working, it will have an impact on the global supply chain, and more FDI may keep flowing into China this year,” said Ding Yifan, a senior research fellow at the Institute of World Development at the Development Research Center of the State Council.

 

Nearly 60 percent of European companies plan to expand their business in China this year, compared with 51 percent last year, according to a survey released last week by the European Union Chamber of Commerce in China.

About half of the surveyed companies said that their profit margins in China are higher than the global average. This proportion was 38 percent last year.

 

Toni Petersson, CEO of Oatly Group AB, a Swedish food and beverage company, said the company will bring its first plant in China in Ma’anshan, Anhui province, into operation later this year.

 

Supported by a local innovation team, the company, apart from supplying plant-based milk, will tailor exclusive products such as ice cream for Chinese consumers to offer them more options, he said.

 

US multinational conglomerate Honeywell said it plans to invest in China’s refinery sector over the next five years.

 

“We see China’s carbon-neutral commitment as an opportunity to join hands with Chinese partners to realize the refinery transformation by converting crude oil into more and more petrochemical products, or even completely into petrochemical products,” said Henry Liu, vice-president and general manager of Honeywell Performance Materials and Technologies Asia-Pacific.

 

Ren Xingzhou, former director-general of the Institute for Market Economy of the Development Research Center of the State Council, noted that stabilizing foreign investment inflows is a vital policy target, as it is key to technological upgrading and ultimately to long-term growth.

 

“China has leapfrogged ahead of many advanced economies in newly emerging areas such as e-commerce, electric vehicles, artificial intelligence and new infrastructure projects, but needs to continue its technology upgrading in other areas, including environmental protection, and the agricultural and manufacturing industries,” she added.

 

Vorwerk Group, a German industrial and technology company, will establish a digital solution center in Shanghai in the second half of this year to facilitate its transformation from a manufacturing company to a service-oriented manufacturer.

 

“This move will help many global companies better adapt to China’s market,” said Cha Sheng, general manager of Vorwerk China.

https://www.wuhu.gov.cn/English/News/30836601.html

People’s Trust in CPC on Rise, Surveys Find

Respondents satisfied with Party’s role in leading pandemic fight, poverty relief

Chinese people’s satisfaction and trust in the century-old Communist Party of China has been on the rise, driven by the Party leading the country in fighting the COVID-19 pandemic and eliminating extreme poverty, according to reports and analysts.

Earlier this month, an image circulated online moved many netizens. Three epidemic-control workers dressed in white protective suits were seen in a fast-moving vehicle carrying medical supplies into driving wind and rain along a street in Guangzhou, Guangdong province’s capital, which was recently hit by a new outbreak of COVID-19.

A red Party flag attached to the vehicle fluttered above the workers’ heads, its bright color standing out in the dim light.

The image was taken by a resident in Liwan district, a high-risk area where the first locally transmitted case was reported in the latest outbreak, on June 2. He shared it on the microblogging service Sina Weibo and wrote: “In the rainstorm, it is you who carry this flag to charge to the front. Pay tribute to the heroes in harm’s way.”

Many netizens commented that the Party flag made them feel at ease. One wrote, “The Party flag always flutters high on the front line”, and another commented “At critical moments, Party members will surely step up.”

The Party’s flag is reassuring to the Chinese people, especially after the strong leadership shown by Party organizations in implementing epidemic control measures beginning last year, and the arduous efforts of millions of Party members to eradicate absolute poverty in China.

A survey conducted by the University of California’s China Data Lab showed support for the government among the Chinese public has risen, with the average level of trust in the central government increasing from 8.23 in June 2019 to 8.87 in May last year, measured on a scale of one to 10.

When respondents were asked whether they preferred living under China’s political system compared with others, the percentage of respondents who preferred China’s system increased from 70 percent to 83 percent over the same period.

A long-term Harvard University survey released last year found that Chinese citizens’ satisfaction with the Party and the government has increased across the board, with the central government receiving a strong level of approval of 93 percent in 2016, the end of the survey period.

From the impact of broad national policies to the conduct of local town officials, Chinese citizens rate the government as more capable and effective than ever before, according to the report from the Ash Center for Democratic Governance and Innovation under the Harvard Kennedy School.

“The most striking feature of our survey’s data since 2003 is the near universal increase in Chinese citizens’ average satisfaction toward all four levels of government,” the authors said in the report.

The independent survey drew on in-person interviews with more than 31,000 individuals from urban and rural areas between 2003 and 2016 to offer a look at how ordinary Chinese citizens felt about the government.

These trends are likely continuing today, Edward Cunningham, one of the authors of the report and director of the Ash Center China Programs at the Harvard Kennedy School, said in an article published by the Christian Science Monitor in February.

He cited the handling of the COVID-19 outbreak as an example, and said as the central government engaged in lockdowns and the situation improved, satisfaction with its actions had increased and spread to views of local governments.

A survey of 5,865 people issued last month by the Chinese Academy of Social Sciences’ China Anti-Corruption Research Center showed 96 percent of respondents were satisfied with the epidemic control work. Over 90 percent said the government demonstrated good transparency and adjustment of policies to suit actual conditions were effective, according to the survey conducted in the second half of last year.

Zhang Wanhong, executive director of the Institute for Human Rights Studies at Wuhan University, said: “As a resident of Wuhan, I feel that people’s satisfaction with the Party has been greatly improved, especially after the country resumed social stability after the big test of the epidemic and took the lead in realizing economic recovery. The Party is highly resilient and able to adapt to developments and meet different challenges.”

Zhang recalled when the outbreak happened in Wuhan, Hubei province. Faced with the unprecedented epidemic, the Party and government quickly summed up what measures were necessary, including organizing community-level prevention and control and using big data to assess the crisis.

The Chinese government’s epidemic prevention and control measures were successful as it adhered to the concept of putting life first and providing fair treatment, Zhang said. “People’s feeling of gratitude toward the Party is genuine and simple because their lives and interests have been well protected,” he said.

 

Prosperous lives

The Party’s people-centered approach is also reflected in its commitment to improving living standards and promoting equality. Last year, China accomplished its goal of eliminating extreme poverty and entered a new development stage.

The Harvard survey said Chinese citizens reported that the government’s provision of healthcare, welfare and other essential public services was by 2016 far better and more equitable than when the survey began in 2003. People in poorer and inland regions were more likely to report increases in satisfaction, resulting from the provision of basic services.

The life of Peng Xiaying, 53, a resident of Shenshan, a village located in the mountains of Jinggangshan, Jiangxi province, has improved dramatically in the past few years under poverty relief policies.

The village had poor infrastructure, and the villagers walked on dirt roads and lived in adobe houses. Women from outside the village were discouraged from marrying Shenshan men to avoid a life of poverty.

Peng’s household used to be one of the poorest in the village, and the family mainly relied on her to earn a meager income from farming due to her husband’s disability.

In 2015, the local government arranged targeted poverty relief projects in Shenshan and helped villagers develop tea and yellow peach industries. They also built a parking lot, installed streetlights and helped the villagers renovate their houses.

With the help of the government, development of the tourism industry and more visitors, Peng opened the first homestay in the village with her husband in 2016.The guests eat at the homestay and often buy handmade bamboo baskets and chopsticks, which help the family earn about 110,000 yuan ($17,200) a year.

“Now every household has its own business. Some make snacks, some sell handicrafts and local products. With the government’s support and our own hard work, I believe the future will be more beautiful,” she said.

Better images

The Harvard report showed that Chinese grassroots officials were viewed as kind and knowledgeable problem solvers who were concerned with the difficulties of ordinary people and not just talking about them. They were far less likely to be beholden to the wealthy or concerned about their own interests, the survey found.

The Chinese Academy of Social Sciences report also said 80 percent of respondents believed that all or most of the problems reported to the government could be solved, that officials were fair in handling subsistence allowances, and it was easier for them to interact with the government.

Zhang, from Wuhan University, said the Party is made up of individual members and grassroots officials. Party members had demonstrated a good image to the public through their efficient and orderly work, despite risks and pressure.

He said residents in Wuhan had formed a stronger bond with community staff members who cared for residents, especially senior citizens who live alone.

“When my university campus was quarantined last year, volunteers who are Party members worked on the front line. They patrolled the campus, delivered meals and daily necessities to residents,” he recalled.

“The Party won the hearts of the people because of its people-centered philosophy; governing for, and depending on the people,” Zhang said. “The Chinese people are increasingly aware that the Party cares about their interests, which is different from many political parties in the West.”

In March, while responding to a question regarding ruling legitimacy in China during a video interview, Elizabeth J. Perry, the Henry Rosovsky Professor of Government at Harvard University and Director of the Harvard-Yenching Institute, said that the only people who can really answer the question are the Chinese people themselves. Legitimacy is a right to rule and it’s the people who decide whether their government has a right to rule, she said.

All of the public opinion polls which have asked Chinese people how they feel about various policies and government at different levels have, in general, come back with “a very rosy picture”, she said.

“They (Chinese people) seem to feel on the whole satisfied that their government is basically looking out for the interests of the Chinese people and the Chinese nation,” she said.

http://www.wuhu.gov.cn/English/News/30836571.html

People’s Trust in CPC on Rise, Surveys Find

Respondents satisfied with Party’s role in leading pandemic fight, poverty relief

Chinese people’s satisfaction and trust in the century-old Communist Party of China has been on the rise, driven by the Party leading the country in fighting the COVID-19 pandemic and eliminating extreme poverty, according to reports and analysts.

Earlier this month, an image circulated online moved many netizens. Three epidemic-control workers dressed in white protective suits were seen in a fast-moving vehicle carrying medical supplies into driving wind and rain along a street in Guangzhou, Guangdong province’s capital, which was recently hit by a new outbreak of COVID-19.

A red Party flag attached to the vehicle fluttered above the workers’ heads, its bright color standing out in the dim light.

The image was taken by a resident in Liwan district, a high-risk area where the first locally transmitted case was reported in the latest outbreak, on June 2. He shared it on the microblogging service Sina Weibo and wrote: “In the rainstorm, it is you who carry this flag to charge to the front. Pay tribute to the heroes in harm’s way.”

Many netizens commented that the Party flag made them feel at ease. One wrote, “The Party flag always flutters high on the front line”, and another commented “At critical moments, Party members will surely step up.”

The Party’s flag is reassuring to the Chinese people, especially after the strong leadership shown by Party organizations in implementing epidemic control measures beginning last year, and the arduous efforts of millions of Party members to eradicate absolute poverty in China.

A survey conducted by the University of California’s China Data Lab showed support for the government among the Chinese public has risen, with the average level of trust in the central government increasing from 8.23 in June 2019 to 8.87 in May last year, measured on a scale of one to 10.

When respondents were asked whether they preferred living under China’s political system compared with others, the percentage of respondents who preferred China’s system increased from 70 percent to 83 percent over the same period.

A long-term Harvard University survey released last year found that Chinese citizens’ satisfaction with the Party and the government has increased across the board, with the central government receiving a strong level of approval of 93 percent in 2016, the end of the survey period.

From the impact of broad national policies to the conduct of local town officials, Chinese citizens rate the government as more capable and effective than ever before, according to the report from the Ash Center for Democratic Governance and Innovation under the Harvard Kennedy School.

“The most striking feature of our survey’s data since 2003 is the near universal increase in Chinese citizens’ average satisfaction toward all four levels of government,” the authors said in the report.

The independent survey drew on in-person interviews with more than 31,000 individuals from urban and rural areas between 2003 and 2016 to offer a look at how ordinary Chinese citizens felt about the government.

These trends are likely continuing today, Edward Cunningham, one of the authors of the report and director of the Ash Center China Programs at the Harvard Kennedy School, said in an article published by the Christian Science Monitor in February.

He cited the handling of the COVID-19 outbreak as an example, and said as the central government engaged in lockdowns and the situation improved, satisfaction with its actions had increased and spread to views of local governments.

A survey of 5,865 people issued last month by the Chinese Academy of Social Sciences’ China Anti-Corruption Research Center showed 96 percent of respondents were satisfied with the epidemic control work. Over 90 percent said the government demonstrated good transparency and adjustment of policies to suit actual conditions were effective, according to the survey conducted in the second half of last year.

Zhang Wanhong, executive director of the Institute for Human Rights Studies at Wuhan University, said: “As a resident of Wuhan, I feel that people’s satisfaction with the Party has been greatly improved, especially after the country resumed social stability after the big test of the epidemic and took the lead in realizing economic recovery. The Party is highly resilient and able to adapt to developments and meet different challenges.”

Zhang recalled when the outbreak happened in Wuhan, Hubei province. Faced with the unprecedented epidemic, the Party and government quickly summed up what measures were necessary, including organizing community-level prevention and control and using big data to assess the crisis.

The Chinese government’s epidemic prevention and control measures were successful as it adhered to the concept of putting life first and providing fair treatment, Zhang said. “People’s feeling of gratitude toward the Party is genuine and simple because their lives and interests have been well protected,” he said.

 

Prosperous lives

The Party’s people-centered approach is also reflected in its commitment to improving living standards and promoting equality. Last year, China accomplished its goal of eliminating extreme poverty and entered a new development stage.

The Harvard survey said Chinese citizens reported that the government’s provision of healthcare, welfare and other essential public services was by 2016 far better and more equitable than when the survey began in 2003. People in poorer and inland regions were more likely to report increases in satisfaction, resulting from the provision of basic services.

The life of Peng Xiaying, 53, a resident of Shenshan, a village located in the mountains of Jinggangshan, Jiangxi province, has improved dramatically in the past few years under poverty relief policies.

The village had poor infrastructure, and the villagers walked on dirt roads and lived in adobe houses. Women from outside the village were discouraged from marrying Shenshan men to avoid a life of poverty.

Peng’s household used to be one of the poorest in the village, and the family mainly relied on her to earn a meager income from farming due to her husband’s disability.

In 2015, the local government arranged targeted poverty relief projects in Shenshan and helped villagers develop tea and yellow peach industries. They also built a parking lot, installed streetlights and helped the villagers renovate their houses.

With the help of the government, development of the tourism industry and more visitors, Peng opened the first homestay in the village with her husband in 2016.The guests eat at the homestay and often buy handmade bamboo baskets and chopsticks, which help the family earn about 110,000 yuan ($17,200) a year.

“Now every household has its own business. Some make snacks, some sell handicrafts and local products. With the government’s support and our own hard work, I believe the future will be more beautiful,” she said.

Better images

The Harvard report showed that Chinese grassroots officials were viewed as kind and knowledgeable problem solvers who were concerned with the difficulties of ordinary people and not just talking about them. They were far less likely to be beholden to the wealthy or concerned about their own interests, the survey found.

The Chinese Academy of Social Sciences report also said 80 percent of respondents believed that all or most of the problems reported to the government could be solved, that officials were fair in handling subsistence allowances, and it was easier for them to interact with the government.

Zhang, from Wuhan University, said the Party is made up of individual members and grassroots officials. Party members had demonstrated a good image to the public through their efficient and orderly work, despite risks and pressure.

He said residents in Wuhan had formed a stronger bond with community staff members who cared for residents, especially senior citizens who live alone.

“When my university campus was quarantined last year, volunteers who are Party members worked on the front line. They patrolled the campus, delivered meals and daily necessities to residents,” he recalled.

“The Party won the hearts of the people because of its people-centered philosophy; governing for, and depending on the people,” Zhang said. “The Chinese people are increasingly aware that the Party cares about their interests, which is different from many political parties in the West.”

In March, while responding to a question regarding ruling legitimacy in China during a video interview, Elizabeth J. Perry, the Henry Rosovsky Professor of Government at Harvard University and Director of the Harvard-Yenching Institute, said that the only people who can really answer the question are the Chinese people themselves. Legitimacy is a right to rule and it’s the people who decide whether their government has a right to rule, she said.

All of the public opinion polls which have asked Chinese people how they feel about various policies and government at different levels have, in general, come back with “a very rosy picture”, she said.

“They (Chinese people) seem to feel on the whole satisfied that their government is basically looking out for the interests of the Chinese people and the Chinese nation,” she said.

https://www.wuhu.gov.cn/English/News/30836571.html

Global Solidarity on Vaccines Imperative: China Daily Editorial

Airport staff members unload the first batch of Chinese Sinovac vaccine raw materials from a plane at the Cairo International Airport in Cairo, Egypt, May 21, 2021. [Photo/Xinhua]

 

Despite the drop in the number of daily new infections worldwide, there is still no sign that the COVID-19 pandemic will be brought under control globally any time soon. Although it is clear that the vaccination rate within a country makes a difference to its own situation.

The daily increase in cases in the United States has dropped below 20,000 from more than 100,000 at the highest level thanks to the fact that 63 percent of adults have been inoculated with at least one dose of a COVID-19 vaccine.

However, many developing countries, the less-developed countries in particular, still lack the vaccines they need to help them prevent the spread of the virus, which on spreading further can mutate into different variants. Some of the variants that have emerged have proved to be highly infectious.

Whether all countries are able to acquire vaccines will make a difference to how quickly the pandemic can be brought under control globally. That some developed countries such as the US have purchased and hoarded many times more doses of vaccines than they actually need is in sharp contrast to those underdeveloped countries that are in desperate need of vaccines.

The developed countries have made promises to donate vaccines, yet what they have promised remains merely lip service at present, for various reasons, although they should know that helping the less-developed countries fight against the pandemic is also helping themselves.

China has promised on different occasions that the vaccines it has developed will be a public good for the global fight against the pandemic, and it has demonstrated that it meant what it said. It has set a good example by providing other countries with as many doses of vaccines as possible within its means.

It has already donated 10 million doses of vaccines to COVAX and exported vaccines to more than 40 countries, and the Chinese government is encouraging the country’s vaccine manufacturers to localize production in as many countries as possible.

Three Chinese vaccine manufacturers have already developed joint projects with eight countries to jointly manufacture vaccines in those countries, which will contribute tremendously to the provision of vaccines to local people. Talks on joint manufacturing of vaccines locally are also underway between Chinese manufacturers and their counterparts in another 10 countries. Such international cooperation on vaccines will hopefully help contribute to the global endeavor to establish a shield against the spread of the virus.

It is hoped that the developed countries will make similar efforts to do whatever they can to expand the provision of vaccines to developing and less-developed countries as soon as possible. Global solidarity on vaccines is the best way to bring the pandemic to an end.

http://www.wuhu.gov.cn/English/News/30836471.html

Global Solidarity on Vaccines Imperative: China Daily Editorial

Airport staff members unload the first batch of Chinese Sinovac vaccine raw materials from a plane at the Cairo International Airport in Cairo, Egypt, May 21, 2021. [Photo/Xinhua]

 

Despite the drop in the number of daily new infections worldwide, there is still no sign that the COVID-19 pandemic will be brought under control globally any time soon. Although it is clear that the vaccination rate within a country makes a difference to its own situation.

The daily increase in cases in the United States has dropped below 20,000 from more than 100,000 at the highest level thanks to the fact that 63 percent of adults have been inoculated with at least one dose of a COVID-19 vaccine.

However, many developing countries, the less-developed countries in particular, still lack the vaccines they need to help them prevent the spread of the virus, which on spreading further can mutate into different variants. Some of the variants that have emerged have proved to be highly infectious.

Whether all countries are able to acquire vaccines will make a difference to how quickly the pandemic can be brought under control globally. That some developed countries such as the US have purchased and hoarded many times more doses of vaccines than they actually need is in sharp contrast to those underdeveloped countries that are in desperate need of vaccines.

The developed countries have made promises to donate vaccines, yet what they have promised remains merely lip service at present, for various reasons, although they should know that helping the less-developed countries fight against the pandemic is also helping themselves.

China has promised on different occasions that the vaccines it has developed will be a public good for the global fight against the pandemic, and it has demonstrated that it meant what it said. It has set a good example by providing other countries with as many doses of vaccines as possible within its means.

It has already donated 10 million doses of vaccines to COVAX and exported vaccines to more than 40 countries, and the Chinese government is encouraging the country’s vaccine manufacturers to localize production in as many countries as possible.

Three Chinese vaccine manufacturers have already developed joint projects with eight countries to jointly manufacture vaccines in those countries, which will contribute tremendously to the provision of vaccines to local people. Talks on joint manufacturing of vaccines locally are also underway between Chinese manufacturers and their counterparts in another 10 countries. Such international cooperation on vaccines will hopefully help contribute to the global endeavor to establish a shield against the spread of the virus.

It is hoped that the developed countries will make similar efforts to do whatever they can to expand the provision of vaccines to developing and less-developed countries as soon as possible. Global solidarity on vaccines is the best way to bring the pandemic to an end.

https://www.wuhu.gov.cn/English/News/30836471.html

Wuhu Has Been Selected as the Pilot City of “Innovation China”

A few days ago, a good news came from Wuhu Association for Science and Technology that the city was successfully selected as the pilot city of “Innovation China”.


It is learned that the declaration of the pilot city was led by Wuhu Association for Science and Technology, with the cooperation of Wuhu Municipal Development and Reform Commission, Science and Technology Bureau, Bureau of Economy and Information Technology, Finance Bureau, etc. Two key industries and three strategic emerging industries in Wuhu have been carefully selected to incubate, successfully creating a “sample” for the integration of science & technology and economy.


An official in charge of Wuhu Association for Science and Technology said that Wuhu would gain support from China Association for Science and Technology in terms of talents and intelligence after being selected as the pilot city of “Innovation China”. More innovation resources can be introduced into Wuhu, grassroots units and enterprises, which will surely achieve practical results in boosting Wuhu’s scientific and technological innovation and economic transformation and upgrading.


It is understood that the list of pilot cities selected for “Innovation China” was announced at the Tenth National Congress of China Association for Science and Technology held recently, and a total of 39 cities across the country were selected. “Innovation China” is a service brand created by China Association for Science and Technology featuring innovation, entrepreneurship and creation, aiming to build a technical service and trading platform for resource integration and supply-demand docking. By exploring the organizational mechanism and incentive mechanism of financial cooperation for production, education and research and setting up a team of strategic research and innovation talents, we can realize talent aggregation, technology integration and service optimization, accelerating the transformation and application of scientific and technological achievements and making science and technology better serve economic and social development.

Translated by Wang Mengxiao from Foreign Affairs Office of Wuhu Municipal People’s Government

http://www.wuhu.gov.cn/English/News/30859311.html

Wuhu Has Been Selected as the Pilot City of “Innovation China”

A few days ago, a good news came from Wuhu Association for Science and Technology that the city was successfully selected as the pilot city of “Innovation China”.


It is learned that the declaration of the pilot city was led by Wuhu Association for Science and Technology, with the cooperation of Wuhu Municipal Development and Reform Commission, Science and Technology Bureau, Bureau of Economy and Information Technology, Finance Bureau, etc. Two key industries and three strategic emerging industries in Wuhu have been carefully selected to incubate, successfully creating a “sample” for the integration of science & technology and economy.


An official in charge of Wuhu Association for Science and Technology said that Wuhu would gain support from China Association for Science and Technology in terms of talents and intelligence after being selected as the pilot city of “Innovation China”. More innovation resources can be introduced into Wuhu, grassroots units and enterprises, which will surely achieve practical results in boosting Wuhu’s scientific and technological innovation and economic transformation and upgrading.


It is understood that the list of pilot cities selected for “Innovation China” was announced at the Tenth National Congress of China Association for Science and Technology held recently, and a total of 39 cities across the country were selected. “Innovation China” is a service brand created by China Association for Science and Technology featuring innovation, entrepreneurship and creation, aiming to build a technical service and trading platform for resource integration and supply-demand docking. By exploring the organizational mechanism and incentive mechanism of financial cooperation for production, education and research and setting up a team of strategic research and innovation talents, we can realize talent aggregation, technology integration and service optimization, accelerating the transformation and application of scientific and technological achievements and making science and technology better serve economic and social development.

Translated by Wang Mengxiao from Foreign Affairs Office of Wuhu Municipal People’s Government

https://www.wuhu.gov.cn/English/News/30859311.html

Municipal Leaders Investigate And Guide Customs Clearance Facilitation

In order to further optimize the port business environment and reduce the transportation cost of import and export enterprises in Wuhu, on May 24, Vice Mayor He Dong went to Wuhu Port and Comprehensive Bonded Zone to investigate the customs clearance facilitation work.




Through field visits, listening to reports and other methods, He Dong got a detailed understanding of the customs clearance procedures of enterprises, port capacity, freight rates, comprehensive bonded zone business, etc., and had discussions with relevant units and import and export enterprises on how to optimize the customs clearance procedures and reduce the transportation costs of enterprises.




He Dong approved and appreciated the continuously improved efficiency of Wuhus import and export customs clearance. He pointed out that in response to the shortage of containers and rising freight rates encountered by enterprises during the epidemic, departments should strengthen coordination, pool their efforts, and introduce effective policies to reduce the compliance costs of import and export enterprises. It is necessary to speed up the intelligent construction of ports and Comprehensive Bonded Zone, promote the informatization upgrading and transformation of customs clearance and continue to improve the comprehensive services of ports, realizing the multi-win situation of increasing the business volume of Wuhu Port and Comprehensive Bonded Zone and reducing the operating costs of import and export enterprises.

Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

http://www.wuhu.gov.cn/English/News/30638691.html

Municipal Leaders Investigate And Guide Customs Clearance Facilitation

In order to further optimize the port business environment and reduce the transportation cost of import and export enterprises in Wuhu, on May 24, Vice Mayor He Dong went to Wuhu Port and Comprehensive Bonded Zone to investigate the customs clearance facilitation work.




Through field visits, listening to reports and other methods, He Dong got a detailed understanding of the customs clearance procedures of enterprises, port capacity, freight rates, comprehensive bonded zone business, etc., and had discussions with relevant units and import and export enterprises on how to optimize the customs clearance procedures and reduce the transportation costs of enterprises.




He Dong approved and appreciated the continuously improved efficiency of Wuhus import and export customs clearance. He pointed out that in response to the shortage of containers and rising freight rates encountered by enterprises during the epidemic, departments should strengthen coordination, pool their efforts, and introduce effective policies to reduce the compliance costs of import and export enterprises. It is necessary to speed up the intelligent construction of ports and Comprehensive Bonded Zone, promote the informatization upgrading and transformation of customs clearance and continue to improve the comprehensive services of ports, realizing the multi-win situation of increasing the business volume of Wuhu Port and Comprehensive Bonded Zone and reducing the operating costs of import and export enterprises.

Translated by Yuan Mengwen from Foreign Affairs Office of Wuhu Municipal People’s Government

https://www.wuhu.gov.cn/English/News/30638691.html