IPR infringement and counterfeiting in China

Chang'e-3 mission to use cutting-edge deep space tracking

The Chang’e-3 lunar probe will be the country’s first attempt at a soft landing on any extra terrestrial surface and the first moon landing by any country in almost 40 years.

The extreme distances present new challenges for the mission control team, who must remotely manouver both the probe and the lunar rover to a high level of accuracy. Our reporter Han Bin has been granted special access to the command center, where it’s all taking place.

“This is the Beijing Aerospace Command and Control Center. It’s the headquarters of the tracking and control system for the lunar probing satellite—the Chang’e 3. Moments after launch all of the monitoring and command orders will be made from here, making this site the project’s nerve center. ”

Going into the heart of China’s space program.

Or some might say, the brain.

Wu Fenglei, Deputy Director of the system design department, explains why the tracking and control system is key to the lunar project.

This command hall decides the fate of Chang’e 3. Numerous simulations are run again and again...

"We need to rehearse the whole process, and do extra practice for some crucial stages, like the braking, landing and separation of the Lander and moon rover." Wu Fenglei said.

The Chang’e 3 will involve China’s first use of an X-band Observation System in the soft landing and for the moon rover. China has built two giant antennas for that specific task.

There’s also the unified S-band observation system or USB and the very long baseline interferometry, or VLBI. Simply put, they’re used to track the distance and the angle position of the satellite for orbit determination.

"Through receiving the data from the rover, we know its working conditions, and we also send orders to control its function, through the image data it sends back to us. So, it’s a two-way communications." Xi Luhua, Senior Engineer of Beijing Aerospace Control and Command Center said.

Senior Engineer Xi Luhua has worked on all three Chang’e projects. She says this first moon rover provides both a challenge and an inspiration in deep space tracking and control.

This state-of-the-art Command and Control Center has witnessed all of China’s space progress, including the Shenzhou manned space missions, and the previous two lunar probes. This is the place where scientists and engineers collect data, monitor signals and make crucial decisions at each stage. And it’s here that China will write another page of aviation history with the launch of the Chang’e-3.

Source: CCTV

Senior advisor explains key details of Chang'e 3, China's next lunar mission

The Chang’e 3 mission is the latest step in China’s ambitious space program. It is set to carry out some tasks that so far haven’t been done by any other country in the world.

Our reporter Ai Yang sat down for an exclusive interview with Ouyang Ziyuan. The 78-year-old is the senior advisor of China’s lunar probe project, and is sometimes referred to as the father of Chang’e missions.

"It’s very difficult to soft land on the moon because there’s no atmosphere. A soft landing must ensure all equipment is safe on board the lander and the rover. Previously the US and the former Soviet Union both achieved this, but it was by either just a lander or just a rover. China will be the first country to land a rover AND a lander on the moon at the same time. The lander will start working immediately after landing, by observing space using an optical telescope. So this will be a combined exploration of the moon by the lander and the rover. The lander has boosters, which allow it to remain hovering at about 100 meters above the lunar surface. Then using special cameras it will look for a flat place to land on. Then when it’s about four meters above ground, its engine will stop. The lander’s four legs are shockproof and will ensure a soft landing." Ouyang Ziyuan said.

|"The Chang’e 3 mission will achieve three "firsts". Number one: space observation from the moon. This is the dream of many astronomers because atmosphere, wind, snow and pollution don’t obstruct visibility as they do on earth. The result is also better because of the longer periods of uninterrupted observation from the moon due to it orbiting the earth. One day of observation on the moon is equivalent to 14 days on earth. Number two: we have an ultraviolet camera on the lander to monitor the earth. This camera is different from the one used by America’s Apollo 16. Ours can see the formation of the earth’s plasmasphere and its density change. It’s better than a satellite, which can only record data section by section as it orbits around the earth. On the moon it can observe half of earth at a time without moving. This is something people have always wanted to do. Number three: we will be the first to learn the structure and layers of the moon 100 meters below its surface with radars installed at the bottom of the rover. As the rover drives on the lunar surface, it will be as it can cut and see what’s 100 meters below. These three highlights are what no other countries have done so far." Ouyang Ziyuan said.

"The human knowledge of the moon is largely derived from samples brought back to earth by Apollo 16. In 1978, US president Jimmy Carter gifted us one gram of their samples and we did lots of research using just half of that gram. Our Chang’e 5 will also return with samples. I believe within 2 to 3 years we will be able to carry out very systematic and accurate research with the samples. For now, one tough test the Chang’e 3 mission must pass is withstanding extreme cold conditions. The rover’s wings collect solar energy during the day, which allow it to function. But at night none of the equipment works, because the temperature drops as low as minus 180 degree celcius. Electronic devices are damaged if they’re colder than minus 40 degrees, so we will use atomic energy storage batteries to heat them up at night and keep them operational. The batteries have to be able to work for long periods at a time, as one night on the moon lasts two full weeks on earth. " Ouyang Ziyuan said.

Source:  CCTV

Chinese Foreign Ministry: Japan trying to stir up trouble

Japan says it will raise the issue of China’s Air Defense Identification Zone during the Japan-ASEAN special summit, which will be held in December in Tokyo. It plans to ask ASEAN countries to take the same stance as Japan does. China’s Foreign Ministry has responded to the news.

"We have repeatedly made our position clear on the issue of the East China Sea Air Defense Identification Zone. We would like to ask Japan to explain to other countries whether it has an ADIZ or not. When Japan first set up its ADIZ and later on expanded its ADIZ several times, it never consulted with other countries. And look at the size of Japan’s ADIZ. Japan doesn’t want to allow others to do what itself has been doing. And it’s trying to stir up trouble. This approach is senseless and speaks of Japan’s ulterior motives." said Qin Gang, Spokesman, Chinese Foreign Ministry.

Japanese Prime Minister Shinzo Abe says Japan is seriously concerned about China’s air defense zone. Abe met officials of the Liberal Democratic Party at his residence and accepted their written proposal asking China to "retract the decision." Abe says he will seek backing from neighboring countries and international institutions. Japanese Foreign Minister Fumio Kishida said he will discuss the issue with US Vice President Joe Biden next week. Japan sent out aircraft last Saturday to monitor China’s surveillance planes. On Thursday, Japan’s self-defense forces dispatched more aircraft into the air defense identification zone. Japan set up a similar zone in 1969. It includes China's Diaoyu Islands.

Source: CCTV

Chinese jets monitor US & Japan planes in China’s ADIZ

China’s Air Force says it detected and identified US and Japanese planes entering the East China Sea Air Defense Identification Zone on Friday. The Air Force responded by scrambling fighter jets to monitor the aircraft. Also, in a slight change from its initial response, the Obama administration has advised the country’s civilian carriers to comply with the rules of the new air defense identification zone.

Chinese fighter jets scrambled from their bases. Friday saw similar action as Chinese jets flew into the Air Defense Identification zone to monitor activity by Japanese and US planes.

Two US spy planes and ten Japanese flights entered the newly established Zone. China’s Air Force spokesman Shen Jinke said, that Chinese fighter jets were scrambled to verify these foreign aircrafts and monitored them throughout their path in the air zone. Shen also informed that the Chinese Air Force is maintaining a status of "high alert", and will take measures to deal with any threat to China’s airspace.

Meanwhile, China’s Foreign Ministry also said on Friday that Japan’s objection and concern to China’s ADIZ is senseless, and is only to stir up trouble.

"We have repeatedly made our position clear on the issue of the East China Sea air defense identification zone. We would like to ask Japan to explain to other countries whether it has an ADIZ or not. When Japan first set up its ADIZ and later on expanded its ADIZ several times, it never consulted with other countries. And look at the size of Japan’s ADIZ. Japan doesn’t want to allow others to do what itself has been doing." said Qin Gang, Spokesman, Chinese Foreign Ministry.

Responding to Friday’s incident, Japan’s Defence Minister Itsunori Onodera said on Saturday that Tokyo has made no changes in the nation’s sense of alertness.

"In any event, including what happened yesterday in regard to the regulations for the air defence identification zone we have no reason to believe that there has been any great change to procedures as they have stood until now." said Itsunori Onodera, Japan Defense Minister.

Meanwhile, Washington has suggested US commercial flights follow the rules of China’s air defense identification zone. The US State Department said on its website that "The US government generally expects carriers operate consistent with foreign country’s air notice requirements." But it also said the advice does not indicate the US government’s acceptance of the new air zone.

U.S. Vice President Joe Biden is visiting China, Japan and South Korea next week, and the issue of the new air defense identification zone is expected to feature prominently during the visit.

China announced its Air Defense Identification Zone last week.

Source: CCTV

US airlines notify China of flight plans

In response to US government advice, two of the biggest US airlines, American and Delta, have notified Chinese authorities of flight plans when travelling through the East China Sea Air Defense Identification Zone.

A spokesman for Delta Airlines said on Saturday it has been complying with the Chinese requests for flight plans for the past week. American Airlines said it was also complying, but declined to say for how long it had done so.

Source: CCTV

Toyota Debuts Driver Awareness Research Vehicle at Los Angeles Auto

“At Toyota, our focus is not only on protecting people in case of an accident, but also on preventing that accident from happening in the first place,” said Chuck Gulash, Director of Toyota’s Collaborative Safety Research Center (CSRC).  “While the auto industry will never eliminate every potential driver distraction, we can develop new ways to keep driver attention and awareness where it needs to be – on the road ahead.”

Gulash discussed three specific safety research initiatives aimed at better leveraging vehicle design and interaction to help drivers keep their eyes on the road, hands on the wheel and brain engaged and aware.  These included Toyota’s DAR-V new-concept research vehicle and the funding of two university research programs.

Research Vehicle Helps Reduce Potential Distractions Before Driving
“Cars have become an interaction of multiple screens.  Initially, there was the windscreen, and rear window and the rear and side-view mirrors,” said Gulash. “We now have multiple gauge clusters, large information screens and heads-up displays all feeding us information and competing for our attention.”

The DAR-V was developed in partnership with Microsoft Research to help reduce driver distractions before the key is even in the ignition.  Utilizing Microsoft technologies such as Kinect, the interactive systems integrated into the design of the vehicle display important, highly personalized information on the side window when the driver approaches the car.

Using a combination of gesture control, voice and the key fob, drivers can navigate information such as updates on traffic and the weather, appointments and schedules for the day ahead, and even route details that might include a gas station if the vehicle is low on fuel.  By addressing these critical daily priorities before even setting foot in the vehicle, a driver potentially has more mental bandwidth to focus on driving.

“We need to start thinking of the car and the driver as teammates, sharing the common goal of saving lives,” said Gulash.  “The best teammates learn from each other.  They watch, listen and remember.  They adapt.  They communicate.  And they assist, as needed.  In doing so, over time, a foundation of trust is built.  Together, the teammates are building a common situational awareness of their driving environment.”  

Because the DAR-V system can recognize and differentiate between individuals, the system might also be used to reduce driver distractions in other ways.  For example, children might play “games” designed to help them buckle their seatbelts quickly, easing the stress on parents and helping them focus more of their attention on the road.

MIT AgeLab Observes the Human Factors of Voice Command
  Chuck Gulash,Director of Toyota’s Collaborative Safety Research Center (CSRC) discussed a study undertaken at MIT’s AgeLab which Toyota helped to fund. These results were published in a white paper authored by Dr. Bryan Reimer and Bruce Mehler,  of MIT, whose purpose was expand understanding of the human factors of voice command.

Researchers found that the mental demands on drivers while using voice command were actually lower than expected, potentially because drivers compensate by slowing down, changing lanes less frequently or increasing the distance to other vehicles.  However, in a number of the voice interactions studied, the amount of time drivers took their eyes off the road during voice command tasks was greater than expected. The situation is often more pronounced among older drivers, some of whom were found to physically orient their bodies towards the voice command system’s graphical interface when engaging with it.

Stanford Autonomous Driving Human Factors
This idea of building trust by sharing tasks is being taken to a new level with a collaborative project between the CSRC and the Stanford University.

Using one of the most advanced driving simulators in the country, researchers are studying how drivers interact with new automated safety technologies that are increasingly capable of taking over responsibility for driving the car.  The system combines EEG sensors to track brain activity, skin sensors to measure emotional arousal and eye-tracking headgear to follow directional glances.  The system can perfectly align what’s happening inside the car, what’s happening outside the car and what‘s happening inside the driver’s brain.

The simulator is unique in its ability to instantly shift from fully automated control to driver in full control to mixed control. The research will help inform design improvements to automated systems that will improve how they work in partnership with the driver to improve safety for everyone.

For example, the project will help to understand how a driver responds to a sudden “takeover now!” alert compared to less aggressive commands or explanations. Other issues include studies of how driver abilities are affected by prolonged periods in fully automated mode, including potential reduction in reaction times or situational awareness.

“These are questions that need to be answered”, Gulash concluded, “not only to help build a product.  But also, to build a foundation of understanding and guidelines for how we proceed with further research into the human factors of automated vehicles.”

Source: Toyota

Environment: Amphiro's a1 self-powered water and energy meter

There's nothing like putting real time water and energy usage information in your face to change people's shower habits, and that's just what Amphiro's a1 self-powered water and energy meter does. It connects between the shower hose and a handheld showerhead and, like the Driblet, generates the electricity required to power it from the flow of water running through it.

The a1 is currently only available in Europe, where Amphiro says it achieved sales of over 7,000 units in the first three months after launch. The device was the subject of a study supported by the Swiss Federal Office of Energy involving 700 Swiss households, which saw average savings of 440 kWh of heat energy and 2,250 gallons (8,500 L) of water per household, per year. 

The original a1 model is activated once the taps are turned and water starts flowing. For the duration of the shower, the display shows water temperature and the volume of water used, along with a climate animation featuring a polar bear. When the water is turned off, the display rates the energy efficiency class of the shower from A+ to G- and the energy consumption in watt-hours or kilowatt-hours. The device them automatically turns itself off three minutes after the water flow has stopped. If the shower is turned back on within three minutes, the meter will pick up where it left off.

Source: Gizmag

Japan LDP's Noda says plans to submit casino bill next week

A bill legalizing casinos will probably be submitted to the current session of parliament, an official at Japan's ruling Liberal Democratic Party said today, fueling gains in gaming company shares.

"I think we will submit it," Seiko Noda, the chairman of the LDP's General Council, said in Tokyo, referring to the session ending on Dec. 6. "This is a first for Japan. It will be a step toward building up Japan's status as a tourist destination," she told reporters after the council approved the bill.

A cross-party group of lawmakers headed by LDP deputy Secretary General Hiroyuki Hosoda has said it's preparing to submit the casino legalization bill to the Diet by the end of next week. It is unclear whether junior coalition partner New Komeito will back the bill. Generally, legislation submitted under Abe's administration has been backed by both parties and the LDP relies on support from Komeito in elections.

Source: NewsOnJapan

China tells Japan it would 'consider cancelling air zone in 44 years'

China's defence ministry on Thursday hit back forcefully at Japan's objections to its newly-established Air Defence Identification Zone (ADIZ) in the East China Sea that covers long-disputed islets claimed by both countries.

"Japan has absolutely no right to make irresponsible comments regarding China setting up the East China Sea ADIZ," ministry spokesman Yang Yujun told media in a routine press conference, according to China's Ministry of National Defence website."We would like to ask Japan to revoke its own ADIZ first, China will then consider this request in 44 years," Yang Yujun reportedly said when asked to comment on requests from Japan and the US to revoke the zone. Japan established its ADIZ 44 years ago in 1969.

Source: South China Morning Post

Senior METI official named 1st female secretary to premier

A senior female official at the economy ministry has been named as secretary to Prime Minister Shinzo Abe, the government's top spokesman said Friday, making her the first woman to serve as a prime ministerial secretary in postwar Japan.

The appointment of Makiko Yamada, 53-year-old deputy director general for IT strategy at the Ministry of Economy, Trade and Industry, apparently reflects Abe's commitment to tap the potential of women in the workforce, one of the pillars of his growth strategy.Chief Cabinet Secretary Yoshihide Suga made the announcement at a morning press conference. Yamada received her letter of appointment from the premier later in the day.

Source: Kyodo

Japan, China, S. Korea make progress in trilateral FTA talks

Japan, China and South Korea have made some progress in three-way free trade talks, especially in the fields of market access and intellectual property, a Japanese Foreign Ministry official said Friday.

Wrapping up four days of talks in Tokyo, the official said negotiators from the three countries made "a lot of progress" in deciding basic rules under which they will discuss tariffs.They made some progress on intellectual property. It was the first time that the three countries have discussed the issue under the format of a working-level meeting, according to the official.

Source: Kyodo

Japan gets some inflation, but the bad kind

Before popping the champagne corks over the biggest increase in Japanese consumer prices since 1998, Prime Minister Shinzo Abe should remember that where rising costs come from is just as important as the rate of increase.

In Japan's case, the 0.9 percent jump in prices excluding fresh food from a year earlier was largely an energy story. In other words, bad inflation. Prices aren't rising because of higher wages or improving household confidence, but rather a weak yen coupled with Japan's growing reliance on overseas energy.

Source:  Bloomberg

Japan expressway operators to scale down discounts

Three Japanese expressway operators on Friday drafted new toll discount plans starting in fiscal 2014, including the scaling down of the weekend and holiday discounts for local routes to 30 pct from the current 50 pct.

East Nippon Expressway Co., Central Nippon Expressway Co. and West Nippon Expressway Co., will also cut the margin of discounts to 30 pct from 50 pct for all expressways run by the three firms between midnight and 4 a.m. on weekdays.In addition, the 30 pct daytime discounts offered on local expressways between 9 a.m. and 5 p.m. on weekdays and on routes in Tokyo, Osaka and areas near the two cities on weekends and holidays will be abolished.

Source: Jiji Press

NHK ordered to compensate Aborigine

A Japanese court has ordered public broadcaster NHK to pay almost US$10,000 in damages to a female Taiwanese Aborigine for defaming her by using the term "human zoo" in a program, officials said Friday.

Overturning a lower court ruling, the Tokyo High Court on Thursday ordered NHK to pay ￥1 million (US$9,774) to the woman, with Presiding Judge Noriaki Sudo reportedly saying the broadcaster used a term that had a "serious discriminatory meaning."The program looked at the "Japan-Britain Exhibition" held in London in 1910, to which Japan took several members of Taiwan's Aboriginal population, including the father of the woman, as exotic exhibits, Jiji Press and Kyodo News reported.
Taiwan was a Japanese colony at the time and the practice of exhibiting the little-known peoples of far-flung territories was a common one among imperial powers. Historians say Japan, which had emerged from self-imposed isolation just half a century earlier, joined in partly as an attempt to establish itself as an imperial power and mitigate the perceived risk of it being colonized itself.
In the ruling, Sudo said NHK "repeatedly used the term without giving consideration to its discriminatory meaning," which implied the Paiwan Aborigines were uncivilized, the Tokyo Shimbun reported.

Source: Taipeitimes

Largest Japan Coast Guard patrol vessel launched

The Japan Coast Guard launched its largest patrol ship on Thursday at a shipyard in Yokohama, Kanagawa Prefecture, southwest of Tokyo.

The Akitsushima, built at Japan Marine United Corp.'s Isogo plant in Yokohama, is capable of spending long periods at sea. It will be used to respond to serious incidents along Japan's ocean borders and terrorist attacks.

The 6,500-ton, 150-meter-long ship is almost identical with the Shikishima patrol vessel, which was launched in 1992.

Source:  Jiji Press

India's inflation threatens free midday meal program

It’s been one of India’s biggest free meal programs, the midday meal scheme, providing free food to more than 120 million school children. But the project is struggling, with food price inflation causing widespread concern about food quality and safety.

According to the World Bank, nearly 400 million people in India live on less than $1.25 per day. And nearly half of its children under five are malnourished.

The Indian government runs programs like the midday meal scheme to provide free lunch to more than 120 million school children, to fight malnutrition and encourage school attendance. But food price inflation is making it hard for schools to cope.

Teachers at a government run-school, which provides free meals to more than 400 students in Gorakhpur city, say the sudden rise in food prices has forced them to compromise on both quality and quantity.

India’s mid-day meal scheme has already come under fire over food safety.

In July, 23 children died in Bihar state after eating a meal laced with pesticide in one of India’s deadliest food poisoning outbreaks in years.

India, which has more hungry mouths to feed than any other country in the world, continues to use highly toxic pesticides that are banned elsewhere.

According to one study, 76,000 people die each year in India from pesticide poisoning.

 Source:  CCTV

China to issue 4G licenses to major telecom operators

China’s Ministry of Industry and Information Technology is set to issue 4G licenses to China's major telecom operators. China Mobile, the country's biggest, has already shown its eagerness to get ahead of the race.

Earlier this month, the company announced the expansion of its 4G network and started selling TD-LTE, compatible smartphone models in Beijing. TD-LTE is China’s version of 4G LTE technology.

It is the next big thing for Chinese cellphone users. The high speed 4G network is here. On Nov. 6th, China Mobile, the telecommunication giant, has launched 4 types of 4G contract phones in its Beijing stores.

"The speed of 4G will really enhance user experience. For example, users can now use app functions directly through the internet, they don’t have to download the apps first." Jiang Tao, Chairman and Founder of CSDN.net said.

The future is bright, but despite the momentum, a lot still needs be done before the 4G network could obtain mass popularity, as most users are still on the slow 2G service.

While China mobile has the lion share in the 2G market, users are getting increasingly eager to upgrade. The number of 2G subscribers with China Mobile, China Unicom and China Telecom have been dramatically dropping. And many users are turning away from China Mobile. Analysts say that this explains China Mobile’s enthusiasm in rolling out its 4G service.

In China Mobile’s endeavour to shift the current competition landscape, analysts say the bottle neck is infrastructure. 4G signals are still unavailable to most parts of the country. Therefore, the speed to construct base stations across the country could determine the destiny of China Mobile’s 4G campaign.

Source: CcTV

4G network user expected to jump by 2017

The first-ever 4G network service was launched in 2009 in Sweden. Years have passed, and today 79 countries have set up a combined number of 209 LTE networks. Plus, 10 more countries have announced their plans to build 52 additional LTE test networks.

The momentum isn’t stopping here. According to GSMA, an association of mobile operators, there will be more than one billion 4G users by 2017, and we can expect more than 500 LTE networks offering services in almost 130 countries.

In total, in 2013, 20% of the world’s population is able to connect to 4G networks, and by 2017, this figure will rise to 50%.

Source: CNTV

Premier Li calls for stronger SCO cooperation

Chinese Premier Li Keqiang has attended the 12th prime ministers’ meeting of the Shanghai Cooperation Organization member states in Tashkent, the capital of Uzbekistan. Li made six proposals for accelerating interconnectivity within the organization.

Li Keqiang called for member states to deepen regional security and coordination on counter-terrorism. He said they should strengthen economic integration along the "Silk Road Economic belt" and facilitate trade and investment. They should move more quickly towards settlements in local currencies. They should also improve ecological and energy cooperation, as well as people-to-people communication.

The leaders of the member states issued a joint communique, saying they have reached a consensus on seeking economic cooperation and people-to-people communication within the framework of the SCO. The SCO members are China, Kazakstan, Kyrgizstan, Russia, Tajikistan and Uzbekistan.

SOURCE; Xinhua

Chinese media react to U.S. bombers entering ADIZ

Let's now look at Chinese media reactions to the two US bombers that flew into China's new "Air Defense Identification Zone" over the East China Sea on Wednesday.

On the People’s Daily website, experts say the move from the U.S. side served four purposes. They were: to test China’s reaction, show off its power to allies, reassert its role in the Asia-Pacific region, and prevent Chinese counter measures to its patrols in the area.

On its end, Beijing Times says that U.S. had showed its double standards on the issue. It criticizes the US and its allies for saying their own air defense zones are for peaceful purposes, while another country’s could lead to unpredictable outcomes.

Global Times says the U.S. has sent a negative signal to its allies, which will impact stability in the region and escalate tensions. South China Morning Post cites an international expert at University of Hong Kong, who says that "it will be a process of probing and testing from both sides.

Eventually China and the U.S. will come to a tacit understanding...," going on to say that "China will never abolish the zone, as it has the legal ground to have it and that other countries will have to accept it as a political reality."

Shanghai Stock Index hits 45-month low

Stock prices in Shanghai are continuing to slide after yesterday’s close below 2000, the Shanghai Composite Index continued its downward trend to end today at its lowest level in 45 months.

Many shares continued to fall right after the market opened this morning. By the end of the day, the index was down about 0.9 percent, while in Shenzhen, the Component Index fell by a bit MORE than 1%.

There were few investors in stock trading halls in recent days, but some who did show up said they were not surprised to see prices falling.

An investor said, "We are already used to it, the falling shares. And at the end of the year, companies need money to balance the books. "

One analyst said the fact that shares of several state-owned companies that have listed this year have just come out of the lock-up period is one reason prices are falling. But he says a suspension of new IPOs means the market may not warm up in the near future.

Zhao Xiaoli, Investment Consultant of Shanghai Securities, said, "The market has been weak for a long time，and it is impossible to get rid of the situation by itself. There are already no more new IPOs this month. And the market is looking for new policies. We may have a rebound next spring."

The central committee of China’s Communist Party is expected to hold an economic conference next month, and investors say they hope the government will use that gathering to announce new policies for next year.

4G-LTE Networks Set To Double In Number By 2017 — When 1BN Of 8BN Total Mobile Connections Will Be 4G

The number of 4G-LTE networks in service globally is set to roughly double over the next four years, according to data byGSMAIntelligence , the research arm of the global mobile carrier association, the GSMA.  Some 465 LTE networks are forecast to be in service across 128 countries by 2017, which it says is roughly double the number of live LTE networks today.

4G-LTE offers a considerable speed bump over 3G mobile technologies, in the region of 10x, although theoretical peak speeds - of up to 80Mbps (or even more) - fall to less heady real-world averages in the hands of users, with speeds depending on the characteristics of individual networks. Download averages can be as much as 24-30Mbps, or considerably lower (circa 10-15Mbps), but still offer faster speeds than 3G mobile tech.

By 2017, the research report - called Global LTE network forecasts and assumptions, 2013-2017 – expects LTE will account for about one in eight of the more than eight billion total mobile connections forecast at that point - up from 176 million LTE connections expected at the end of this year.

Yesterday it emerged that China Mobile would be the first carrier in that country to offer LTE, kicking off on December 18, followed by the other two main Chinese carriers, China Unicom and China Telecom.

Meanwhile, in the U.K. the first network arrived about a year ago, with carrier EE refarming existing spectrum holdings so it could get a jump on rivals. It took until this summer for any other U.K. carriers to be in a position to switch on competing LTE offerings, with carriers O2 and Vodafone both starting off by focusing on a handful of cities. The U.K.'s smallest carrier, Threewill launch its LTE offering next month.

The first commercial 4G-LTE networks were launched in late 2009, so if the report's forecast holds out it will have taken around seven years for 4G-LTE to go from a standing start to passing one billion connections globally.

The study calculates that about a fifth (20%) of the global population is currently within LTE network coverage range. As carriers build out networks over the coming years, this proportion is predicted to rise to half of the world's population by 2017.

No surprise that there are huge disparities in 4G-LTE coverage globally. The U.S. leads with LTE networks already covering more than 90% of the population vs around half (47%) population coverage in Europe, and just 10% in Asia.

The U.S. also currently accounts for almost half (46%) of global LTE connections - factor in South Korea and Japan and those three nations combined account for 80% of the total. But the data suggests Asia is on the rise. The region is predicted to account for almost half (47%) of all LTE connections by 2017 - helped by China's carriers switching on 4g-LTE networks, and also rollouts in India, another major market.

The report describes South Korea as the most advanced LTE market worldwide, with half of its total mobile connections now running on LTE networks – compared to just a fifth (20%) in Japan and the U.S.

According to the research, LTE users in developed markets consume 1.5GB of data per month on average – almost twice the average amount consumed by non-LTE users in those markets.

Globally, LTE networks have been deployed in 12 different frequency bands to date, with four out of five live LTE networks deployed in one of four bands: either 700MHz, 800MHz, 1800MHz or 2600MHz.

Source:techcrunch

India's July-Sept. GDP grows 4.8 pct

India's gross domestic product (GDP) grew 4.8 percent in the three months through September, or the second quarter of 2013-14 fiscal year, said Central Statistical Office (CSO) on Friday.

This is in line with most economists' expectations. GDP for the first quarter of the fiscal year had been reported at 4.4 percent. The GDP growth for the April-September period now stands at 4.6 percent.

This is the fourth successive quarter of economic growth below 5 percent, far below the desired 8 percent Indian government need to revive the nation.

According to released data, the manufacturing sector of the economy grew merely at 1 percent, while the services sector grew at 5.9 percent.

The overall GDP growth was pulled up by a strong performance in agriculture at 4.6 percent, followed by good showing in construction at 4.3 percent. Financing, insurance, real estate and business services grew 10 percent.

Trade, hotels, transport and communication grew 4 percent during the quarter.

Policymakers are confident that the Indian economy will grow 5- 5.5 percent in the current fiscal year.

Source: Xinhua

France's October consumption down by 0.2 pct

 French household consumption of goods lost momentum last month compared to September due to low expenditure in energy products, the national statistics institute INSEE said on Friday.

A 4.9-percent drop in energy consumption pulled down consumers' total expenditure to 0.2 percent in October mainly following the "impact of above average temperatures on heating expenditure," INSEE noted.

Expenditure on cars grew by 1.5 percent "as households may have anticipated a reduction of incentive on the purchase of green cars in November and strenghtening of penalties on the purchase of polluting cars next January," it added.

Consumers also consumed 1.4 percent more food products, after a 0.2-percent fall in September.

Consumption of manufactured products accounted for 25 percent of France's total expenditure of processed goods and services.

Source: Xinhua

Japan's CPI hits 5-year high, signaling possible exit from deflation

Japan's consumer prices increased by 0.9 percent in October from a year earlier, marking the fastest growth in five years, the Ministry of Internal Affairs and Communications said in a report on Friday.

According to the ministry, core consumer prices, which exclude volatile products, added 0.3 percent in the recording period, with the reading hitting the highest level since August 1998 in a sign that Japan may be lifting itself out of decades of deflation.

Japan's core consumer price index, excluding fresh foods, stood at 100.7 against the 2010 base of 100, in the recording period, marking the fifth straight month of increases, the ministry said, noting that energy prices accelerated 7 percent, comprised of a 7. 1 percent surge in gasoline prices and an 8.2 percent leap in electricity prices.

Economic and fiscal policy minister Akira Amari told a press briefing after the release of the statistics that Japan is now seeing the benefits of "Abenomics" and that further progress has been made to tackle deflation through the fiscal policies of Prime Minister Shinzo Abe, such as aggressive monetary easing and large amounts of fiscal spending.

But while some leading economists remarked that the latest data may signify that the effects of "Abenomics" may be kicking in and Japan might be on the verge of exiting its decades-old deflationary period, others maintained that reaching the central bank's inflation target of 2 percent in as many years, still remains an uphill challenge due to the CPI forecast expected to hover at around the 1 percent mark in the near future.

Additional data revealed that the core CPI for Tokyo's 23 wards in November, a key economic indicator for Japan's future price moves, increased 0.6 percent to 99.6, marking the seventh straight month of gains.

Despite the positive direction of prices in Japan, separate data also released Friday showed that the unemployment situation here remains stagnant.

The Ministry of Internal Affairs and Communications said that the unemployment rate in October was unchanged from the previous month at 4 percent, but noted that the availability of jobs had shown a preliminary uptick for the first time in two months.

According to the ministry, the number of those unemployed stood at 2.66 million in the recording period, rising 1.1 percent from a month earlier, on a seasonally adjusted basis. Those leaving their jobs of their own volition increased to 890,000 people, a rise of 3.5 percent the ministry said.

The job seeker to job availability ratio also showed signs of improvement, rising 0.98 percent in October from 0.95 percent a month earlier, the Health, Labor and Welfare Ministry said in a separate report, with the figures meaning that for every 100 people seeking work there were 98 positions available.

Analysts said that the seemingly stable job market had been helped by an increase in corporate profits and companies feeling they can broaden their recruiting parameters, but some economists noted that a planned sales tax hike to 8 percent from the current 5 percent next April could inhibit some companies from hiring more staff and likely lead to cutbacks.

To this end, Health, Labor and Welfare Minister Norihisa Tamura told a press briefing that the ministry was watching global economic events to see if a slowdown would affect the employment situation here, with a particular emphasis on emerging economies.

He added that additional stimulus measures may need to be implemented by the government to bolster the employment market, should it be dragged down by a global economic slowdown or the planned sales tax hike next spring.

Source: Xinhua

Twitter Streamlines Its ‘Age Gate’ Process To Make Ads More Attractive To Adult Brands

Twitter introduced ‘age gate' screening over a year ago in order to make the platform more legally sound for ‘adult' brands like liquor and beer vendors. Today, it's streamlined the process in its apps greatly in order to improve the follow rate and therefore the attractiveness of running an active account for those brands.

The previous method, which was instituted last June, involved following the brand, receiving a DM that took you to another page, asking for your age and then kicking you back and allowing you to follow. The new process creates an in-app flow that uses the standard iOS date picker to tap in your date of birth and then allows an immediate follow. 

In addition to the easier flow, Twitter says that it will remember your status as a ‘legal adult' (but will not store your date of birth). This makes it even easier to follow more adult brands once you've followed the first.

The obvious side-effect of this is to make it much more attractive for adult brands to inhabit their Twitter accounts and to improve the chances that those brands will feel it's worthwhile to advertise on Twitter. And Twitter gets to tout the fact that the brands are advertising directly to people that have ‘proven' they're in a viable customer group for the product they're trying to sell.

Source: techcrunch

S&P maintains China's credit rating at AA-

Credit ratings agency Standard & Poor's (S&P) Ratings Services affirmed on Friday its AA- rating on China's long-term sovereign debt, with a stable outlook.

S&P has also maintained an A-1+ rating on the country's short-term debt.

The agency said that the ratings reflected the strong growth potential of the Chinese economy and its strong external asset position as well as relatively healthy fiscal standing.

S&P forecasted the Chinese economy will continue a strong performance, with real per capita growth to average 6.7 percent from 2013 to 2016, which is nevertheless down from the 8.6-percent growth seen in the previous five years.

It said that economic and political developments over the next two to three years are likely to maintain China's current credit rating, as structural economic reforms may reduce risks in the financial sector.

However, S&P warned the rating could be downgraded if reform efforts falter.

Source: Xinhua

Vice premier vows support for logistics industry

Chinese Vice Premier Wang Yang said on Friday that the country will continue its efforts to tackle high costs and low efficiency in the logistics industry.

Wang made the remarks at a briefing about the logistics situation in the cities of Beijing, Shanghai, Guangzhou, Wuhan and Chengdu, noting that logistics is a basic and strategic industry supporting the country's economic and social development.

He said that the logistics sector's boom in recent years had made people's lives more convenient, but that it is still challenged by the problems of expense and difficulty in delivering.

Wang stressed that the ongoing reform in China provides enough space and stricter requirements for logistics, calling for closer administrative coordination and better integration of resources.

He demanded that the industry be facilitated through pushing standardization, building a credit system, improving information levels, easing enterprise burdens, boosting modernization and encouraging online business.

Source: Xinhua

Tokyo Shares Hit 6-Year High

      According to a report from the Wall Street Journal,encouraging U.S. economic data released overnight, including surprisingly strong weekly jobs figures, were key to the dollar's ascent through the ¥102 mark—its highest level since Japan stocks' prior peak in May.

A stronger dollar benefits exporters by making their goods cheaper to buy overseas and fattening profits converted back into yen.

The Nikkei ended up 1.8% at 15,727.12, almost 100 points ahead of its last high set on May 22.

"This move is a technical breakthrough, but may yet serve as a buy signal for investors—especially overseas buyers who feel left behind—and help to spark a bull run right through the calendar year-end," said Kenichi Hirano, a market analyst at Tachibana Securities.

For that to happen, however, more yen weakening is likely to be necessary, many traders say. The Japanese currency has lost about 3% against the dollar in the last two weeks.

The flip-side of yen selling is buying stock futures, a strategy employed by big players in the Japanese derivatives market.

"Hedge-fund accounts are buying Nikkei futures as they short the yen—as they have been doing for most of the past few weeks—making today's rally mostly derivative-based," says Investrust CEO Hiroyuki Fukunaga.

"Behind the numbers, the reality is that cash-market participation rates weren't very good, meaning that today's rally cannot be called a 'high quality' run-up. When traders return from the U.S. Thanksgiving holiday next week, we'll get a better idea if this surge has legs," Mr. Fukunaga said.

More stock-friendly currency levels have whetted foreigners' appetite for Japanese shares in recent weeks. A weaker yen was behind about ¥2 trillion (about $19.6 billion) of net stock purchases from Nov. 10 to Nov. 23—the most robust two weeks of buying by overseas residents since mid-April.

Revel Goes Big With Full Stadium Deployment Of iPad Point-Of-Sale System At ASU

iPad-based point-of-sale market leader Revel has just completed its biggest single deployment to date, outfitting the entire Alabama State University stadium with Revel POS equipment. The brand new stadium for the ASU Hornets now has Revel-powered iPads at all 30 concession stands throughout the facility, and progress and sales at each can be monitored in real-time by facility managers.

The stadium-specific retail installation has some neat tricks over other vendor offerings and traditional POS, because it doesn't require Internet connectivity to function. Revel says this has already proven its worth at the ASU facility, since during a power outage at a recent game the Revel-powered systems continued to operate so concessions could continue to make sales. Also, the San Francisco-based company says its POS software is about 14 percent faster per transaction than a traditional POS, which means it can process a higher volume of customers more quickly.

Since its founding in 2010, Revel has been steadily expanding its focus. The company initially started out serving the restaurant and fast food industry, and then later moved into retail businesses . Back in June, it raised $10M to help its business grow in markets beyond the U.S. , but this latest development shows it's still concerned with expanding its client base at home, too.

The arena food and goods market is one that resembles Revel's existing clients, but with the twist of scale. Concessions can serve thousands of customers per hour, and often see extremely high-volume busy periods at key lull points in the game. Revel says it has designed its system to be ideally suited to these kinds of hurry-up periods, increasing the rate of customers served and therefore increasing customer satisfaction and overall sales.

Revel is clearly angling for more sales in this arena . which could prove a lucrative opportunity not only among U.S. colleges and professional sports teams, but abroad as well. The biggest challenge in this market is that these organizations don't do mass retrofits all that often, but Revel has ease of onboarding as well as fairly cheap installation going for it to help overcome that perceived barrier.

Source: thecrunch

Amid Some Fistfights, Walmart Sells 1.4M Tablets On Thanksgiving, iPad Mini A Top Seller

Walmart is already crowing about Black Friday and we're only a couple of hours into the actual day itself. That's because depressingly, Black Friday has somehow subsumed Thanksgiving Thursday and become the Day That Spans Many Days. Oh well; at least they sold a huge boatload of tablets. Walmart puts its one day sales of those mobile computing devices at 1.4 million, and while it doesn't break down by brand or model, the company also cites the iPad mini as one of a short list of top-selling items.

Also included in that list are the generic categories of big screen TVs and laptops, so you can imagine that the iPad mini likely accounted for a significant portion of those 1.4 million slates to be called out by name. Other top-selling items included Microsoft's new Xbox One, and Sony's PlayStation 4, indicating that the home console market is still alive and kicking despite the rise of mobile game and sluggish sales for Nintendo's Wii U console, which made its debut last year.

Source: TECHCRUNCH

Stocks Higher Ahead of a Shortened Session

After breaking for the Thanksgiving holiday yesterday, the domestic equity markets are moving higher in early action ahead of an abbreviated session to close out the week, as all U.S. markets will close early today. Treasuries are moving modestly lower, with the domestic economic calendar void of any major releases today. Gold is higher, along with crude oil prices, while the U.S. dollar is trading modestly lower. Overseas, Asian stocks finished mixed in subdued action amid the holiday schedule in the U.S. and ahead of this weekend's Chinese manufacturing report. Finally, an unexpected dip in eurozone unemployment and a hotter-than-expected read on the region's consumer price inflation are helping buoy the European equity markets.

Source: Schwab

GDP, house prices frame China's future property policies

China's future property policies must strike a tough balance between the decelerated growth of the Gross Domestic Product (GDP) and the rise in home prices, noted economist Ba Shusong has said.

In a lengthy article run by Shanghai Securities News on Thursday, Ba said there would be increasing difficulties for policymakers in the property industry and the effect of policy would be harder to predict.

Ba is a senior analyst with the Development Research Center of the State Council, an influential government think-tank.

"The property industry is the supporting force for economic growth and economic structural reforms, and the fact has not changed," he said.

The "floor logic" in economic growth among policymakers means that property policies in the near future would still depend on economic growth rates, he said.

Months ago, Chinese Premier Li Keqiang told provincial governors that policies must keep economic growth above a "floor," which Ba estimated at 7.5 percent for 2013.

The main purpose of maintaining growth is to provide enough jobs, which is vital for social stability in China.

According to Ba, if the growth rate were to fall below the growth floor, the government would probably respond with weaker enforcement of existing policies and a delay in rolling out new policies for the property industry.

The volume of home sales nationwide is still a leading indicator to signal the need for change in macro policies, Ba said, adding that the timing of the introduction of a real estate tax will also partly depend on economic growth.

According to Ba, the government-set house price targets and the system of accountability for local officials mean that there would be no quick exit for government intervention in the property market.

Ba maintained that the core problem of the Chinese property market has shifted from the shortage of houses to the imbalance of ownership.

He said China's long-term house supply system should consist of three parts. For low-income families and the floating population, a government-subsidized low-rent housing system should be put into place.

For middle-income families, or the so-called "sandwich class," the government should use the tools of tax and finance to help them buy their own homes.

As for high-income families, the government could employ a real estate tax to suppress their purchases and demand in an appropriate manner, Ba said.

Driven by rapid urbanization and huge demand, China's house prices have spun out of control in recent years and become a major headache for the authorities as more people are priced out of the market.

In October of this year, China's house prices continued to rise.

According to data released by the National Bureau of Statistics, of a statistical pool of 70 major Chinese cities, 65 saw month-on-month rises in new home prices in October, and 62 reported price gains in new and second-hand homes.

In response to growing public complaints, the central government and cities with heated property markets have tried to rein in prices by creating purchase restrictions and experimenting with property taxes, resulting in a short-lived cooling of the market. However, after a while, prices have rebounded to new highs.

   Source:  Xinhua

Backgrounder: Over 20 countries and regions have similar zones (AIDZ)

China's Air Defense Identification Zone is aimed at controlling and monitoring incoming aircraft, in the interest of national security. But China is definitely not alone.

Currently, more than 20 countries and regions have their own Air Defense Identification Zone.

The first was established by the US and Canada in 1950, when they jointly created a North American zone.

Japan’s air defense zone was set up by the US during its post-World War Two occupation of Japan. Since then, Japan has unilaterally expanded its zone twice, in 1972 and in 2010, pushing it further into the East China Sea. Japan’s Air Defense Identification Zone is now five times bigger than its national territory, extending as close as 100 nautical miles from China’s coastline.

China says Japan’s air defense zone is illegal, as it covers the Diaoyu Islands.

South Korea’s Air Defense Identification Zone was established in 1951 during the Korean War, also with the help of the US.

China’s newly launched defense zone overlaps with South Korea’s, and covers the Suyan Island, known as Ieodo in South Korea, a submerged rock claimed by Seoul.

Source: Xinhua

China-Italy business exchanges boosted by "China Awards"

 A total of 32 companies, institutions and personalities were awarded in Italy's Milan on Thursday at the annual China Awards dinner aimed at enhancing cultural understanding and business exchanges between the two countries.

Among the awarded companies, both from Italy and China, there were markets leaders in a variety of sectors from food to mechanics, finance and green energies as well as smaller investors that have seized the opportunities offered by the two countries.

The European branch of Dagong Global Credit Rating Co., Ltd., China's domestic rating agency, was awarded as "one of the players that have particularly distinguished themselves in promoting bilateral relations."

Established in Milan last year, Dagong Europe Credit Rating was the first Asian rating company operating in the European Union (EU) as the result of a Sino-Italian joint venture between Dagong Global Credit Rating and Mandarin Capital Partners, a private equity fund by institutional investors from Europe and China.

Italy's luxury car maker Ferrari was given a special price for enhancing the role of sports in the dialogue between Italy and China.

"I remember the first F1 China GP in 2004, when I took a call and I saw so many red flags waving around me, it was impressing," Ferrari's President Luca Cordero di Montezemolo told the around 250 distinguished guests who attended the China Awards.

"If there is a country that can help Italy, it is China," Paolo Panerai, head of the Italian media group Class Editori, which organized the China Awards along with the Italy-China Foundation, said. "But what Italy needs is not much investments but rather China's positive energy," he added.

Panerai, who was the first Italian journalist to interview the architect of China's opening-up Deng Xiaoping and since then has strengthened his friendship with the country, also highlighted his group's partnership with Xinhua that he described as an international "news giant."

"When the China Awards was created eight years ago, China was considered in Italy more a menace than an opportunity," Cesare Romiti, president of Italy-China Foundation, noted.

"Today China has a very different image, and the success of so many companies that have built deep relations with China is the evidence," he said.

One of the Italian personalities who particularly succeeded in contributing to this change was actress and producer Maria Grazia Cucinotta, who was given a special "golden lion" price for her bridging role between the two countries.

Cucinotta's latest movie is a romantic comedy filmed in Italy and China. The film is a co-production between the two countries and is currently in post-production. 

"It is beautiful every time to bring something from Italy to China and bring back something else from China to Italy. I love cooking Chinese food, I can say that a part of me has become Chinese," she stressed.

Proceeds from the dinner were destined to the Lifeline Express project, a rainbow-colored hospital-train that provides free cataract operations to patients in rural China. While working on the eye-train, eye-doctors are trained to facilitate the future development.

Source: Xinhua

China rejects imported U.S. transgenic corn

China's quality watchdog said on Friday that China has recently rejected 60,000 tonnes of corn imports from the United States which contains unapproved transgenic content.

Local authorities in the southern port city of Shenzhen found MIR162, a type of insect-resistant transgenic corn, among a batch of over 60,000 tonnes of corn imported from the United States, said Chen Xitong, spokesman for the General Administration of Quality Supervision, Inspection and Quarantine (AQSIQ).

MIR162 is not authorized by China's agricultural department, and the Shenzhen bureau returned the batch of imports according to China's regulations for genetically modified agricultural products, Chen said.

According to the spokesman, the AQSIQ has notified U.S. authorities of the event, hoping they will order the U.S. corn exporters concerned to strengthen inspection and quarantine of corn exports to China in conformity with Chinese law and regulations.

He added that Chinese and U.S. authorities have agreed to enhance technical exchanges concerning China's imports of U.S. beef from cattle aged 30 months or less.

Source: Xinhua

China Focus: Cities ink Silk Road economic belt agreement

Twenty-four cities from eight countries along the Silk Road have agreed on common efforts to establish a "Silk Road economic belt."

According to the Urumqi Consensus inked at the Silk Road Economic Belt Cities Cooperation and Development Forum, which concluded on Friday, signatories will work to set up the belt, a collaborative scheme aiming for greater cooperation, development and prosperity among the countries along the longstanding trade route.

The parties agreed in the consensus to enhance exchanges between governments of involved cities, initiate cooperative talks, establish friendly relations among each other, and learn from each other on urban construction and management. They also agreed to boost trade and economic exchanges and strengthen cultural and people-to-people exchanges.

Almaty of Kazakhstan, Bishkek of Kyrgyzstan, Meshed of Iran, and the Chinese cities of Urumqi, Xi'an and Lianyungang were among those which reached the agreement at the two-day forum held in Urumqi, capital of northwest China's Xinjiang Uygur Autonomous Region.

City or regional representatives from China, Turkey, Kazakhstan, Kyrgyzstan, Iran, Georgia, Tajikistan and Turkmenistan attended the event.

Apart from the consensus, representatives also signed five letters of intent on setting up liaison organs and establishing cooperation on traffic development, trade, technology, culture, education and health.

More than 150 officials, scholars and entrepreneurs from these countries discussed topics relating to policy exchange, road connections, trade talks and currency circulation.

"Through extensive communications here, we have found many creative thoughts on cooperation, and education and culture in particular may become new aspects for regional joint work," said Sophio Megrelidze, director of the foreign affairs office of Batumi in Georgia.

Developing an economic belt along the Silk Road has clearly become the common will for all countries of the region, she added.

The ancient Silk Road was a 7,000-km-long pathway created by camel-driving merchants who carried silk and porcelain to Western Europe and spices to the Far East 2,000 years ago. The road lost its significance as the age of sailing set in.

The land defined as the new Silk Road covers 18 Asian and European countries with a total area of 50 million square km and a population of 3 billion people. It also boasts rich energy, mining, tourism, cultural and agricultural resources.

Chinese President Xi Jinping proposed the idea of the economic belt during his visit to Central Asia in September, eyeing the cultural revival of the Silk Road, which historically links China with Central Asia and Europe, as a way of developing political and economic ties. It was later hailed by other countries involved.

Du Dewen, of the Chinese consulate in Almaty, said Kazakhstan had spent billions of U.S. dollars in designing and building a road between west China and west Europe that is expected to become operational in 2015.

The 8,000-km-long highway, from China's Khorgos, an inland port in Xinjiang, to St. Petersburg of Russia through Kazakhstan, will become a new important trunk line connecting Asia and Europe.

The Silk Road economic belt, in combination with China's opening up of its western regions, will help economic restructuring and upgrading in central and western China, and become a new pole for the economic growth of the country, said Huo Jianguo, president of the Chinese Academy of International Trade and Economic Cooperation.

Source: Xinhua