Tuesday, 17 December 2013

Lamborghini's $5.3 million topless Veneno

Performance figures of 0-60 mph (96 km/h) in 2.9 seconds and a top speed of 355 km/h (220 ...


Ever since the release of Lamborghini’s limited edition $4.3 million Veneno earlier this year, rumors of a topless version have been growing. This week Lamborghini turned rumor into reality with the announcement of its most expensive supercar to date – the $5.3 million Veneno roadster.
Unveiled just thispast March the 750 hp, AWD carbon fiber supercar was met with much acclaim, and criticism, both for its outlandish design (even for a Lamborghini) and its US $4.1 million price tag. While the point may be moot when talking about such astronomical prices, collectors willing to face the $1.2 million jump in cost for the convertible might find some consolation in the fact that topless models have historically retained value better that their hard topped counterparts over the long run.
According to Lamborghini, the Roadster will make 0-60 mph (96 km/h) in 2.9 seconds and achieve a top speed of of 355 km/h (220 mph), although wind noise and hair product competency could become problematic. Only nine topless Venenos will be produced, making it slightly less exclusive than the original which had a total run of three.
Source: Lamborghini

Japan's new Series E7 bullet train: Understated, luxurious

Japan just can't get enough shiny, new trains. While California is up to its eyeballs in legal battles over its proposed high-speed railway, Japan is adding another branch to its extensive bullet train network, which celebrates its 50th anniversary next year.
Operator JR East has begun tests of its swishy new Series E7 bullet train, which starts runs from Tokyo to Nagano in the spring, then the Sea of Japan coastal area in 2015, and possibly Osaka after 2025.With a top speed of only 160 mph, the E7 is far from the fastest in the bullet train fleet, but it tries to make up for that with gorgeous looks.
JR East, a regional operator, put the trainset through its paces on the weekend, running it from Nagano to Karuizawa, a mountain resort northwest of Tokyo on the Nagano Shinkansen Line. It's the first part of the planned Hokuriku Shinkansen Line that may eventually connect Japan's mountainous hinterland with Osaka.
The Series E7 is set to debut in March with service from Tokyo to Nagano, then to Kanazawa near the Sea of Japan coast in 2015.

Source: CNET

Year-end 'hagoita' fair opens in Tokyo

A year-end market selling "hagoita," or traditional ornamental paddles called battledores, has opened at Sensoji Temple in Tokyo's Asakusa district.
The market dates back hundreds of years. It is said that people bought the wooden battledores to cast away misfortune before the arrival of the New Year.About 30 stalls are displaying the colorful battledores decorated with traditional designs, including portraits of kabuki actors.
Elaborate hagoita can cost up to nearly 8,000 dollars. But venders say the most popular ones go for between 300 and 500 dollars.

Source: NHK

Spring Airlines Japan takes flight

Another budget airline is getting off the ground in Japan. A subsidiary of the Chinese low-cost carrier Spring Airlines will start domestic service in May.

The new Spring Airlines Japan has received a Japanese government permit to begin domestic operations.
It will be based at Narita International Airport near Tokyo and offer flights to Hiroshima, Takamatsu and Saga in western Japan. The carrier will offer two round-trip flights a day among these cities.

Source:  NHK

Panel to probe loan to Tokyo governor

The Tokyo Metropolitan assembly is to set up an investigative panel to look into Governor Naoki Inose's questionable acceptance of money from a scandal-tainted organization.
The assembly's general affairs committee has been grilling Inose on why and how he received about 500,000 dollars from the medical group Tokushukai shortly before the gubernatorial election last December.Inose has maintained it was a personal loan, and that he has since returned the money. But he has repeatedly changed his explanation.
On Tuesday, the head of the general affairs committee, Koichi Ito, said they've questioned Inose for a total of 20 hours, and many assembly members have pointed to his lack of credibility.

Source: NewsOnJapan

Japan-Arab economic cooperation forum opens in Tokyo

Japan and about 20 Arab League member states, including Saudi Arabia and Iraq, held in Tokyo Monday a ministerial meeting to discuss measures to enhance their cooperation in such fields as trade, investment and energy.
At the opening ceremony for the third Japan-Arab Economic Forum meeting in the morning, Japanese Minister of Economy, Trade and Industry Toshimitsu Motegi said Japan can be a reliable partner for the Arab nations through promoting exchange programs in nuclear power, renewable energy, medical care and other areas that directly link to people's lives.
Source: NewsOnJapan

China is able to weather storms in Pacific

Recently the Pacific Ocean has been witnessing a number of storms in high seas close to China.
Apart from quarrels on China's decision to set up an Air Defense Identification Zone (ADIZ) over the East China Sea, media has reported a near collision when a U.S. warship was monitoring a Chinese fleet in theSouth China Sea . Moreover,  adopted new defense program guidelines and boosted its mid-term defense budget for the first time in 11 years.
However, Beijing remains calm and peaceful over those incidents. As a burgeoning power striving for peace and development, China can withstand such storms, and boast courage and vision to confront such challenges.
For Japan, the latest move to military build-up is another attempt of Prime Minister Shinzo Abe to boost the country's military might which is against the mainstream mentality of the time.
Abe is reluctant to acknowledge his next step to revise Japan's post-war pacifist constitution, which Abe and the rightists have long regarded as a barrier to Japan's becoming a "normal state."
China is fully on alert with Japan's military expansion. History has repeatedly proven that Japan's aggression always ended up with failures.
For the near collision incident, it is the U.S. missile cruiser Cowpens that was monitoring, following and harassing the drills of the Chinese fleet including aircraft carrier Liaoning. It is appropriate for the Chinese warship to take necessary measures to stop Cowpens's dangerous actions.
When it comes to the ADIZ, China has just followed what the United States did in the 1950s. The reality is that more and more countries in the region have recognized China's ADIZ, making Tokyo increasingly isolated on the issue.
From a broader perspective, the rapid development of China turns out to be a miracle of the 21st century. Within a decade, China has overtaken France, Britain, Germany and Japan to become the second biggest economy. The whole world, including China itself, has been adapting to the new landscape.
However, certain countries are attempting to slow down China's pace of development, citing Beijing's peaceful rise as a threat.
Being fully aware of such schemes, China has the courage and capacity to weather the storms in the western Pacific .
Source: Xinhua

World Tourism Organization Tourism 2020 Vision

Tourism 2020 Vision
Tourism 2020 Vision is the World Tourism Organization's long-term forecast and assessment of the development of tourism up to the first 20 years of the new millennium. An essential outcome of the Tourism 2020 Vision are quantitative forecasts covering a 25 years period, with 1995 as the base year and forecasts for 2010 and 2020.
Although the evolution of tourism in the last few years has been irregular, UNWTO maintains its long-term forecast for the moment. The underlying structural trends of the forecast are believed not to have significantly changed. Experience shows that in the short term, periods of faster growth (1995, 1996, 2000) alternate with periods of slow growth (2001 to 2003). While the pace of growth till 2000 actually exceeded theTourism 2020 Vision forecast, it is generally expected that the current slowdown will be compensated in the medium to long term.
 
UNWTO's Tourism 2020 Vision forecasts that international arrivals are expected to reach nearly 1.6 billion by the year 2020. Of these worldwide arrivals in 2020, 1.2 billion will be intraregional and 378 million will be long-haul travellers.
The total tourist arrivals by region shows that by 2020 the top three receiving regions will be Europe (717 million tourists), East Asia and the Pacific (397 million) and the Americas (282 million), followed by Africa, the Middle East and South Asia.
East Asia and the Pacific, Asia, the Middle East and Africa are forecasted to record growth at rates of over 5% year, compared to the world average of 4.1%. The more mature regions Europe and Americas are anticipated to show lower than average growth rates. Europe will maintain the highest share of world arrivals, although there will be a decline from 60 per cent in 1995 to 46 per cent in 2020.
 


Long-haul travel worldwide will grow faster, at 5.4 per cent per year over the period 1995-2020, than intraregional travel, at 3.8 per cent. Consequently the ratio between intraregional and long-haul travel will shift from around 82:18 in 1995 to close to 76:24 in 2020.
 

International tourism an engine for the economic recovery

International tourism an engine for the economic recovery

PR No.: 
 PR13081
Madrid
12 Dec 13
In the first nine months of 2013, international tourism grew by 5% according to the latest UNWTO World Tourism Barometer. The number of international tourist arrivals reported by destinations around the world increased by some 41 million between January and September, growing above UNWTO’s initial forecast and creating an important stimulus to the receiving economies.
International tourist arrivals grew by 5% in the first nine months of the year, to reach a record 845 million worldwide, an estimated 41 million more than in the same period of 2012. Growth was driven by Europe and Asia and the Pacific, both seeing tourist numbers increase by 6%.
“International tourism continues to grow above expectations, supporting economic growth in both advanced and emerging economies and bringing much needed support to job creation, GDP and the balance of payments of many destinations” said UNWTO Secretary-General, Taleb Rifai. “It is particularly encouraging to see the strong results in many European destinations, where the tourism sector is, undoubtedly, one of the engines of the economic recovery”.

Europe beats expectations
In Europe, the world’s most visited region, international tourist arrivals grew by 6% led by above-average results in Central and Eastern Europe (+7%) and Southern and Mediterranean Europe (+6%). This growth exceeds the initial forecast for 2013 and is double the average growth rate of international tourism in Europe since 2000 (+2.7% a year between 2000 and 2012).
Asia and the Pacific (+6%) continued to show robust results, bolstered by South-East Asia (+12%).
The Americas (+3%) reported comparatively weaker results, with better performance in North America (+4%) and Central America and (+3%).
In Africa (+5%) growth was fuelled by the recovery in North Africa (+6%), while the Middle East saw only a marginal increase (+0.3%).
Growth in tourism receipts confirms positive trend
The positive trend registered in international tourist arrivals is reflected in international tourism receipts reported by destinations worldwide for the first six to ten months of the year.
Among the 25 largest international tourism earners, receipts saw double-digit growth in ten destinations - the United States (+11%), Macao (China) (+10%), the United Kingdom (+18%), Thailand (+28%), Hong Kong (China) (+21%), Turkey (+13%), India (+13%), Japan (+23%), Greece (+15%) and Taiwan (Pr. of China) (+12%).
Exponential growth in outbound expenditure by China and Russia
Among the top ten source markets, the Russian Federation led growth, with expenditure on trips abroad up by 29% in the first nine months of the year. This follows the strong growth in recent years, as a result of which Russia has moved up from the 12th largest outbound market in 2000 to the 5th largest in 2012 (US$ 43 billion).
China, which became the number one source market in the world last year (US$ 102 billion), also continued to see rapid growth, posting a 22% increase in expenditure on outbound tourism through September 2013.
Outbound expenditure from other BRIC economies was also strong in Brazil (+15%). The performance of advanced economy source markets was comparatively weaker: Canada (+3%), the United States (+2%), the United Kingdom (+2%) and France (+2%) grew moderately, while Germany reported zero growth and Japan, Australia and Italy saw declines in expenditure.
Source:  World Tourism Organization

Over 80 percent of Japanese 'black companies' violate law

Over 80 pct of Japan's so-called "black companies," which are suspected of discarding workers, have breached the labor standards law and other related legislation, a government survey revealed Tuesday.

According to the survey conducted by the Ministry of Health, Labor and Welfare, such legal violations were found in 82 pct, or 4,189, of 5,111 companies surveyed.
Source: Jiji Press

Jack Ma’s Last Speech as Alibaba CEO

Jack Ma: In the last ten years, there are many people who have paid a big price to live this dream. For our dream, we have walked ten years. I have been thinking, even if someone had removed 99 percent of Alibaba’s assets, we are still worthy. We have no regrets. We have our team, our partners, and friends. What is the thing that has made Alibaba what it is today? What is the thing that has made me what I am today? I have no reasons to succeed. Alibaba and Taobao have no reasons to succeed either. But today, we have walked so far and for so many years with so many aspirations for the future. I believe, it is trust that has made us walk this far.
When no one believes in the future, we chose to believe… we chose to trust.. that 10 years later, China will be better. We chose to believe that our colleagues will do better than myself. I believe, the younger generation of Chinese will do better than us. I’m very thankful that my colleagues have trusted me. It’s tough to be a CEO but being a CEO’s employee is even tougher. At times when trust was doubted, people actually bought things online, even when they haven’t even seen the items before. Over thousands of kilometers, through an unknown person, the goods fall safely into your hands. Today’s China has trust and belief. Everyday, there are 24 million transactions on Taobao signifying China’s trust.
I’m proud to be everyone’s colleague and working partner. Even after life, we will still be colleagues. Because of you, it allows this generation to see hope. All of you are building a new kind of trust. This trust helps to make the world more open, more transparent, and more responsible. I feel proud of you. Today’s world is ever-changing. 30 years ago, we didn’t expect what would have happened today. We didn’t expect China to be a manufacturing giant. We didn’t expect computers to be part of everyone’s life. We didn’t expect the internet in China could grow so rapidly. We didn’t expect Taobao can rise. We didn’t expect Yahoo could become what it is today. We’re in a rapidly changing world. We didn’t expect we can all sit together today to celebrate and look forward to the future.
Computers are fast, the internet is even faster. When we haven’t really understood what is mobile internet, big data comes along. Times of change are for the younger generation. Today, a lot of young people think that big companies like Google, Baidu, Tencent, and Alibaba took all of your chances to succeed. Ten years ago, when we saw numerous giant companies, we were also once lost and worried. Do we have a chance? But ten years of determination, we have walked to today. If it wasn’t a time of change, the younger generation would not have a chance. We don’t need a rich father to succeed. What we have is determination and a vision. A lot of people hate change, but because we have embraced this change that’s why we have a future. The next 30 years, this world and China, will have even more change. This change is an opportunity for everyone. Grab this chance.
A lot of people complain about yesterday. We have no power to change yesterday. But this very day, 30 years later, is what we can control and decide. Change yourself, take baby steps, and stay determined for ten years. I thank the times of change and everyone’s complaints. Because when everyone is complaining, that is your chance, an opportunity. It’s only in times of change that someone can be clear of what he has and wants, and what he needs to give up.
Building Alibaba for 14 years, I’m honored that I’m a businessman. As we enter the modern age, it’s a pity that business people don’t get the respect they deserve. Business people in this age aren’t just doing business for profits. I think, we are the same as any artist, educator, and politician who’s doing our best to make this society complete. 14 years in business made me understand life, hardship, determination, and responsibility. It also made me understand that when other people succeed it means we have succeeded as well. What we look forward to most is the smile on our employees’ faces.
After today, I will no longer be a CEO. From tomorrow onwards, business will not be my sole focus. 14 years into business, I feel proud. In this world, no one can say that they will not age – make no mistakes, and be undefeatable. To make sure a company doesn’t age and make no mistakes, I chose to believe the younger generation. By believing in them, you also believe in the future. So I will not return to Alibaba as CEO. There’s no use for me to return because all of you will do better.
Building a company to this size, I feel humbled and proud. But what we have contributed to society is only just a start for Alibaba. What we achieved today, has greatly surpassed the efforts we have put in. This society, at this time, for Alibaba to continue to prosper, we have to solve problems in society. There are so many problems in society and these are opportunities for everyone. If there isn’t any problem, then there’s no need for all of you. All people of Alibaba, please continue to serve small businesses. Because small businesses are where most of the Chinese dreams live. 14 years ago, we set a mission that there will be no business too hard to do, helping small enterprises to grow. Today, this mission lies in your hands. People say e-commerce and the internet created an unfair advantage. But my understanding is that the internet created a truly fair platform.
Moving forward, I will be doing things that I’m interested in, such as working on education and the environment. Besides work, let’s work hard together to improve China. Let the water be clear, the sky be blue, and the food be safe. Everyone, please! (Jack Ma kneels down to the audience).
I’m very honored to introduce you to Alibaba’s future leader and team. They have worked with me for many years and understood me better than myself. Jonathan Lu worked for 13 years at Alibaba and has been through multiple positions and hardships. I should say both tears and smiles are equally the same. Taking over Ma Yun’s (Jack Ma’s) position is very difficult. I can walk till today all thanks to everyone’s trust. Because of trust, it has made the journey easy. I believe and I also urge everyone to support and trust Jonathan Lu and the team as you have always supported and trusted me.
Thank you everyone! From tomorrow onwards, I will live my own life of choice. From tomorrow onwards, life will be my work.
Source: TECHINASIA

China's reform reshapes Sino-U.S. bond

Three decades after China and the United States restored their diplomatic ties, the latest reform brings a new stage for the two global economic powers to consolidate the bond.
The past 35 years have seen huge progress in U.S.-China relations. What is now needed is not reconstruction but consolidation, Stephen Orlins, president of National Committee on U.S.-China Relations, said at a forum held over three days in south China's Hainan Province that ended Sunday.
On Dec. 16, 1978, China and the United States simultaneously issued a joint communique to restore diplomatic ties, just a few days before a Communist Party of China (CPC) meeting announced the reform and opening up drive. Thirty-five years later, a new reform blueprint is bringing fresh opportunities for the two to reshape their ties.
"Thirty-five years ago when I was still a little potato, I heard that the U.S. wanted to establish diplomatic ties with China," said Orlins.
With great achievements in past years, it's necessary that the two countries join hands in reducing mistrust and upgrading relations to a new level, he said.
The Third Plenary Session of the 18th CPC Central Committee held last month outlined a range of reforms to steer the economy onto a sustainable path and is set to change China's political and economic landscape over the next decade.
The country stands at a new historical starting point, and the meeting sent the message that China will make changes to the political system, the economy, society, culture and ecology, said Zhang Yansheng, secretary-general of the Academic Committee at National Development and Reform Commission.
"Both China and the U.S. face the task of getting rid of a development mode that exhausts too many resources and coping with challenges of building environmentally sustainable economies," said Zhang.
"How China and the U.S., two of the world's largest economies, cooperate with each other to avoid wrong patterns in the future will deeply affect the world. In this respect, the two countries share common interests and face the same challenge," Zhang added.
China-U.S. ties, which have gone through ups and downs over the past 35 years, are widely seen as the most important relations in the world, even fraught with uncertainty. An important source of the imbalance in China-U.S. relations has been changes in the global landscape and a lack of mutual understanding and trust.
Data showed that China-U.S. trade has grown rapidly in past decades, reaching 485 billion U.S. dollars in 2012 up from 990 million dollars in 1978. The two countries are each other's second-largest trading partners.
Citing that goods worth 1.6 billion U.S. dollars are currently traded between the two countries each day and 800,000 U.S. jobs depend on products and services exported to China, U.S. Ambassador in China Gary Locke said both countries have benefited greatly from the economic integration.
Wang Jisi, president of the Institute of International and Strategic Studies of Peking University, said at a separate forum on Monday that the U.S. has been worrying that the orders and rules it advocates will be challenged, while Chinese enterprises have often complained that they were unfairly shunned from certain sectors when doing business in the United States.
The dangerous trend to exclusive regional pacts sine the 2008 financial crisis has worsened the status of developing countries, brought more uncertainty to economic globalization, and put China-U.S. cooperation to test, according to Zhang.
To promote non-confrontational handling of conflicts and divergence, President Xi Jinping and his U.S. counterpart, Barack Obama, in June agreed on a new type of relations.
Both China and the U.S. face the issue of whether they have an accurate understanding of each other. To accurately understand a rising China and its future direction is very important to the U.S. in terms of formulating effective and pragmatic policies toward China.
Zhang said that the relations between two countries need not be a zero sum game where one country wins at the expense of the other.
"For China and the U.S. to foster a new type of relations, it is important that the two avoid conflict, become more open and further cooperate with each other to make the world economy more inclusive and diverse," Zhang said.
"The future development of China-U.S. relations depends on whether the two can respect each other's core interests, social systems, development process, histories and cultures," Wang said.
As long as China sticks to the development path outlined by the new reform roadmap, it will not pose any threat to the United States, Wang said.
"Will China and the U.S. go their separate ways or head in the same direction? The answer is obvious. Past decades have demonstrated a clear path of China's peaceful development, while U.S. foreign policy has shown a stabilizing trend," Wang said.
"Both China and the U.S. need to show a high degree of political wisdom and clear strategic decisions to achieve a new balance in their relations, which has a direct bearing on regional security and stability in the future," said Zhang Yuyan, chief of the Institute of World Economics and Politics under the Chinese Academy of Social Sciences.
Source: Xinhua

The Pure Land Of Kanas, Xianging.

Income from tourism in northwest China's Xinjiang Uygur Autonomous Region is expected to reach 100 billion yuan (about 15.4 billion U.S. dollars) in 2015, local authorities said Wednesday.
According to the regional 12th Five-Year Plan, Xinjiang is expected to receive 80 million domestic tourists and 2 million overseas tourists in 2015, said Zhang Chunxian, Party chief of the region, at Xinjiang Tourism Development Conference opened here Wednesday.
Annual income from tourism is expected to reach 85 to 100 billion yuan in 2015, making up 8 percent of the region's gross domestic product (GDP), Zhang said.
The number of people employed in the tourism industry is forecast to double in the next 5 years, he added.
The region received more than 30 million domestic tourists and 1 million overseas tourists in 2010, and the region's tourism industry income exceeded 30 billion yuan (about 4.6 billion U.S. dollars) last year, which was a record high, he said.



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Whuzen ancient town in the Yangtze Delta Region II

The local government and the business management company get the profits from the room rental. Wuzhen standardized prices for all 400 guest house rooms in town.
"I booked my room online by looking at the pictures of it. It was quite convenient. Although Wuzhen has some other hotels, I chose to live in the guest house so that I am closer to the local culture." Hou Juehui, Tourist said.
This pricing system is very different from other ancient towns in the Yangtze Delta Region, where residents who turned their houses into hotels set prices individually.
Gao and other hosts’ income is mainly from cooking meals. But the prices for most dishes are set by Wuzhen’s business management company. So the competition isn’t over price, but the quality.
"The menu can’t really cover all the dishes we serve. Sometimes we have special dishes in different seasons. But we have to report the price to the company to get approved." Gao Cairong said.
Gao says he and his wife now make 200,000 yuan a year - a lot more than this old job. And he says the reward goes beyond money. Gao is happy to see his old house being preserved.
Wuzhen has also attracted many non-local businessmen who come here to make money. This street has about 40 stores. It takes 20 minutes to walk the length of Nvgong Jie and check out all of them. And what’s impressive is none of them is selling the same product.
Wang Pingping, runs one of the stores. She says it took her nearly half a year to get permission for the store, because the town has very strict rules.
"They need to see if our products are delicate, distinctive and, most important, handmade so that they can match the style of this street and the town." Wang Pingping, Store owner said.
"I mean, they can’t sell the same product, because that will eventually lead to a price war that will do nothing but sacrifice the quality of the products." Yao Jie, Marketing Director of Wuzhen Tourism Co., said.

Ancient Towns in the Yangtze Delta Region I

What makes Wuzhen stand out -- amongst dozens of ancient towns in the Yangtze Delta Region -- is the way it’s developed tourism -- slowly, and in an orderly fashion.
Lunchtime at this Wuzhen guesthouse. Gao Cairong is both cook and host. Gao was actually born in the house, but he moved out for six years when Wuzhen first turned into a tourism spot and his home became a hotel.
"During the 2007 spring festival, the government asked us local residents if we would like to come back to our old houses and work as hosts. They did quite a good job on the renovation of my house. And I thought there could be a business opportunity, so I came back." Gao Cairong, Host of Wuzhen Guest House said.

Journey to the Promised Delta: Suzhou preserves history amid booming tourism, expanding industry

Suzhou is synonymous with beautiful landscaped gardens, but it also has one of China’s fastest-growing development zones.
This is the latest rust-prevention technology for buses. Dipping the bus frame into the tank ensures that there will be no missing spots for the rust-proofing. The company says innovations like this make its products more popular in the growing overseas market.
The bus company’s improved quality also helped it expand in the domestic market.
This factory is now running 24 hours a day due to increased demand. To make the work more efficient, 1,000 workers are assigned to 16 different workstations along this 400-meter assembly line.
Higer, which says last year’s sales totalled 8.8 billion yuan, is just one of many manufacturers in the Suzhou Industrial Park. The entire manufacturing industry in this area is expected to make more than 150 trillion yuan by the end of 2015.
To attract investors and workers, the local government is providing many incentives like tax breaks for tech firms, housing subsidies and loan guarantees for high-end talent. It’s no wonder more than 1,000 technology companies have set up in the park.
In contrast to the newer, faster feel of the industrial park, it’s all about preserving the slow and traditional ways at Suzhou’s ancient gardens and streets.
The bridge and water, windows and rooftops you see along this one-kilometer stretch of Pingjiang Road look pretty much the way they did 800 years ago. The local government relocated as few people as possible in order to keep the area’s original flavor.
People like Zhao do make the place more attractive to tourists.
Just as Suzhou’s historic charms take visitors back centuries, the innovations at the city’s industrial park gives the economy its leading edge.
Source:  CCTV

Financial Times has given person of the year title to Jack Ma, founder of e-commerce titan Alibaba.

Source: TECHINASIA
The Financial Times has given its"person of the year title to Jack Ma , founder of China’s e-commerce titan, Alibaba. The FT calls Ma the “godfather of China’s scrappy entrepreneurial spirit” and a “true innovator” in a land of cloners.
While 2013 was the year thatJack Ma Stepped down from being Alibaba’s CEO – moving into the chairman’s chair – it has also been a year of major changes at Alibaba. And those changes are ones being driven by Ma in his new, more expansive role. It’s a two-pronged diversification: Alibaba is getting a lot more social, making big investments in Sina Weibo, a cool music-streaming service, and even a flirting app; plus it has been pioneering online personal investment services that are shaking up China's state-owned banks.
Ma – a diminutive but charismatic figure – started Alibaba in his apartment in 1999, before China’s e-commerce industry had even started and at a time when few Chinese were even using the internet. Alibaba now runs China’s top two e-commerce sites –Tmall and Taobao – as well as the nation’s top e-payments service, Alipay. It also has the business-to-business global sourcing marketplace Alibaba.com, which gave the company its name.
The FT also acknowledges Ma’s commitment to environmental issues. This summer at a massive event in a sports stadium in Hangzhou, where Alibaba is based,Jack Ma gave his final speech as Alibaba CEO. . After signing a song (karaoke is huge in China) and giving his speech, Ma reminded everyone that society cannot live – and business cannot prosper – when the environment has been ruined by reckless development. Pollution is on the minds of many Chinese daily, most visibly in air pollution that’salmost always at "hazardous levels", and at times off-the-charts unbreathable.
Ma explained to the FT over the phone:

In China, because of problems in water, air, and food safety, in 10 or 20 years we will face a lot of health problems, like increased cancer. So that is one area well I will invest my money and time. My second focus is people’s culture and education – if we don’t do this then young Chinese people grow up with deep pockets but shallow minds.

French chain Club Med to open 3 more resorts in China

China’s emerging recreational tourism trend means more families are heading to resorts for the National Day holidays. Just in time, Club Med, which pioneered the all-inclusive concept, opens its second Chinese resort--in southern China’s Guilin.
Like living in a Chinese painting every window frame captures a postcard perfect picture.
But aside from appreciating the picturesque landscapes of Guilin now you can play to your heart’s content as well.

"The resort located in a 46-hectare sculpture and surounded by more than 50 karst mountains. It blends perfectedly with natural landscapes and will provide you a special experiences of your tour in Guilin."
Set against a breathtaking backdrop, there are finest restaurants that highlight international flavours and local specialities.
It also offer outdoor activities from flying trapeze, to bungee bounce and golf. There are also the other trappings of a luxury resort.
The resort is not limited to adult activities--families with children can relax at the themed children’s wonderland and mini-swimming pool.
Club Med CEO Henri Giscard d’Estaing--believes club-style tourism will catch on in China.
Surveys show that Chinese families’ tourism spending is growing, the potential value of China’s high-end market is estimated to hit 100 to 150 billion yuan in the next five years.
"I think more tourists tend to choose the leisure and resorts style of tourism. They are willing to spend more on these kinds of experiences." Yang Zhigang, Analysis of Guodu Securities said.
To cater to China’s growing middle class and the country’s maturing travel market, tourism providers are tailoring their services to local needs.
Club Med is not alone in its China expansion. Banyan Tree, another luxury resort chain, and Shangri La are both cashing in on China’s resort boom. Hotel heavyweight -- Starwood, now has more resorts in China’s tropical island Sanya than Hawaii. After all, the only thing better than staying in a pretty as a picture location, is enjoying quality time with your family at the same time.
Source: CCTV

China: New reforms expected to take place in three major areas

How will the reforms under consideration likely affect the way things are done? The groundwork was laid at a key economic policy meeting last month. The new reforms are expected to take place in three major areas.
Since the 1980s, the role of China’s state-owned enterprises has been shifted from simply being part of the government machinery to commercial entities. At the CPC’s major policy meeting in November--the central committee’s third plenum--the role of SOEs was further clarified. This will shape future reforms.
"State-owned enterprises are supposed to preserve and increase the value of state assets. That’s their economic responsibility. They should also shoulder social and political responsibilities since it is the people of China that their property rights belong to." said Zhang Chunxiao, Expert, SOE Supervision and Admin. Commission.
China will tighten control over key areas known as "lifeline industries. But in other sectors, non-state investment in SOE’s will be encouraged.
"The SOEs are going to diversify their investment resources. And I think some SOEs may go with relative state-holding...So it is an excellent opportunity for private and mixed-ownership enterprises to access more market resources. And for SOEs, this would help them modernize their management and promote management transparency." said Zhang Wenkui, Dev’t Research Center, State Council.
And with the SOA and SOEs embracing reforms, the role of their supervisor, the SOE Supervision and Administration Commission, is also subject to changes. In the party’s plenary session last month, the leadership stressed that the MARKET should play a decisive role in resource allocation.
"In the past, the Commission was in charge of the management of assets, human resources and businesses. But in the future.. the management role of state-owned assets will be gradually taken over by those who really run the business, the SOEs." said Zhang Chunxiao, Expert, SOE Supervision and Admin. Commission.
Experts say this will allow the supervisory body to concentrate on supervising, which in turn would ensure the preservation and growth of state assets.
Source: CCTV

The Chinese economy is so intertwined with the rest of the world that a peaceful path of development is both necessary and inevitable

"China has been making efforts in the past months to sort out territorial issues left from history with its Southeast Asian neighbors, including Vietnam.
So it sounded unnecessarily harsh when visiting U.S. Secretary of State John Kerry criticized China for its maritime policies in the South China Sea  in Hanoi on Monday.
In Manila, the next stop of his Asia tour, Kerry is expected to fast-track a deal on increasing U.S. military presence in thePhilippines , an act viewed by many as a show of support for the Southeast Asian country in its territorial dispute with China.
Again, many in China worry that the United States might send the wrong signals that would encourage some regional countries to take reckless policies in their maritime rows with China.
In the past couple of years, the South China Sea has become a new frontier in Washington's strategic pivot to Asia.
Picturing China as a common threat, American hawks have talked some Southeast Asian countries into believing a zero-sum game scenario over relations with China.
However, as is frequently observed in history, engagement with China has turned out to be a win-win game. China's growth for the past three decades has offered vast benefits to its neighbors. Trade bloomed, and investment soared, as the consequences of China's policy of reform and opening up first reached those closest to the door.
The Chinese economy is so intertwined with the rest of the world that a peaceful path of development is both necessary and inevitable. As China grows richer, everyone benefits. A prosperous East Asia is in the interest of all countries that have a stake in the region, including the United States.
Economic vitality makes confrontation a less appealing, and hardly affordable, means to solve problems. In October, China proposed joint development with Vietnam and Brunei as a strategic and practical prelude to the final settlement of territorial disputes. The initiative, which promises solid gains from the rich oil and gas beneath the water, could foster mutual understanding and trust crucial for an eventual solution.
As part of a larger plan to cement relations with East Asian neighbors, China has also proposed to provide more public goods, including setting up an infrastructure investment bank and boosting maritime security cooperation, in order to promote regional peace and development.
Such creative and tangible cooperation projects are backed up by significant real investment commitments. It should relieve the nerves of Washington as China's constructive and cooperative engagement in East Asia is very much in line with U.S. strategic goals in the Asia-Pacific.
To ensure a peaceful, cooperative regional environment, the United States needs to embrace a positive-sum game mind-set.
Meanwhile, it would be imprudent for Washington to continuously boost military presence in the region, which could tip the balance of power and prompt some regional players to opt for confrontation instead of engaging in productive talks.
After all, the United States, as the sole superpower in the world, should find ways to dissipate distrust and foster cooperation over the South China Sea, where everyone may come out as a winner.
Source: Xinhua

Japanese dangerous past militarism and present military buildup,signals it has shifted its previous restrictive defence policy

Some 80 years ago, Tokyo, the capital of the Japanese empire, was the dangerous place where many of its reckless militarist policies were born and where some of the worst nightmares of its neighbors began.
During the 1930s and 1940s, Japan, which had long seized the Korean Peninsula, invaded China and the Southeast Asian countries, opening one of the darkest and bloodiest chapters in modern Asian history.
The wounds have since never fully healed.
Unfortunately, these wounds are once again touched as the Japanese cabinet approved a national security strategy and revised defense plans on Tuesday amid increasing regional concerns about its right-leaning politics and surging nationalism.
The defense policy package, the latest move of Prime Minister Shinzo Abe's cabinet to seek military buildup amid festering historical and territorial disputes with neighboring China and South Korea, signals that Japan has shifted its previous restrictive defense policy to a more proactive one.
Japan's actions, including Abe's failed attempt to form an imagined anti-China alliance with some Southeast Asian countries, are unquestionably directed against Beijing.
In recent years, Tokyo tried hard to play up the so-called China-threat theory, and dressed itself up as a victim of Beijing's policies when Tokyo itself has actually engaged in brinkmanship by adopting provocative policies, including "purchasing" some of the Diaoyu Islands.
Meanwhile, right-wing Japanese politicians have stirred up regional tensions by repeatedly watering down Japan's history of aggression and visiting the notorious Yasukuni Shrine that honors the country's war criminals.
Japan's denial of history and military expansion have alarmed regional countries, especially China and South Korea.
From a historical view, Japan, as a relatively small island country with scarce natural resources, is really unwise to engage in big-power geopolitics and aggressions against its neighbors.
The Japanese government, which devastated its neighbors in the Second World War, finally brought devastation to its own cities and citizens.
This is a lesson that should be repeatedly revisited by the Japanese government and the Japanese people both for the benefits of the country itself and the world.
With China and South Korea achieving great success in national development in the post-war period, a dangerous Tokyo that seeks for better warships and missiles is more likely to harm itself than its neighbors.
China tried to develop a strategic partnership of mutual benefits with Japan, but the chances of sound China-Japan relations are slipping fast amid endless Japanese provocations.
If Japan really hopes to return itself to the ranks of a "normal country," it should face up to its aggression in history and cooperate with its Asian neighbors instead of angering them with rounds and rounds of unwise words and policies.
Source: Xinhua

Japan attempting to boost army by raising Chinese threat

Japan's latest defense plans have sparked concerns both at home and abroad. Ukeru Magosaki, a former Japanese diplomat, says Japan is using China as an excuse to upgrade its military power.
"We must take note of this. These plans suggest that because there are threats from China, so Japan has no choice but to boost military might. But actually, it’s the other way around. It is because Japan wants to upgrade its military forces, that’s why Japan comes up with the threat from China. As I see it, the so called ’active pacifism’ is trying to achieve so called ’peace’ through use of force. This is against the traditional foreign security policies of Japan, as well as the peace in accordance with UN charter. The strategy aims to coordinate with US global strategy and allow self-defense forces to battle overseas." Ukeru Magosaki said.
Source:  Xinhua

The Complicated Relationship Between Emerging Economies And Foreign Miners

According to Ernst & Young’s assessment of the global mining industry in 2013, resource nationalism is the most worrisome risk threatening miners.
If you’ve been reading the papers over the last year, this may not come as much of a surprise.

But when you consider that resource nationalism has rapidly climbed from the bottom of the list of 10 factors included in Ernst & Young’s yearly report to the very top, it clearly illustrates a worrying trend. 

“There is no doubt projects around the world have been deferred and delayed, and in some cases investment withdrawn altogether, because of the degraded risk/reward equation”, writes Ernst & Young’s Global Mining and Metals Leader Mike Elliott. 

“The uncertainty and destruction of value caused by sudden changes in policy by the governments of resource-rich nations cannot be understated”, 

In many ways, mining companies are victims of their own success. 

The strong commodity prices and high reported profits seen in years past have spurred politicians and local stakeholders in some resource rich nations to demand a larger piece of the pie. 

The tragedy though is that bureaucracy moves slowly and the policy response to the mining boom has begun to take effect after the good times have passed and the industry has fallen into recession. 

And it’s not just the emerging economies that present risks to investors. While a number of South American and African states have been in the headlines for resource nationalism of late, Ernst & Young identify Australia’s proposal of a “super profits” tax in 2010 as the catalyst for the recent round of nationalistic tax reforms. 

The proposal later evolved into the Minerals Resource Rent Tax which came into effect on the 1st July 2012 placing an additional 30 per cent tax load on profits generated by iron ore and coal companies making over A$67 million.

That development in Australia prompted Chile and Peru to enact similar taxes targeting profits rather than simply production. 

Following, India has created a taskforce to work on the creation of new levies on minerals. The initiative followed demands raised by several provinces in India for a new mineral resource rent tax with a minimum of 50 per cent on “super profits” earned by miners.

A number of host governments are also now seeking to have minerals beneficiated in-country prior to export. That’s a fair enough aspiration, but the cost of constructing new refineries or smelters and, often, the lack of affordable power, skilled labour, competitive tax regimes, and the loss of flexibility in their global supply chains are all areas for concern. 

So far, South Africa, Zimbabwe, Indonesia, Brazil and Vietnam have announced beneficiation strategies. 

Still, Ernst & Young points out that the majority of growth in the global mineral supply has come from emerging economies. 

The rise of mineral exploration and supply from emerging economies has coincided with a slowdown in developed nations. This dichotomy is seen most sharply in the copper, aluminum, and steel sectors.

In these sectors growth has certainly been driven by emerging economies. 

Meanwhile, according to Metals Economics Group, between the year 2000 and 2010 mineral exploration spending in the developing world increased from 40 to 60 per cent of the global total. 

With so much of the exploration funding being spent in emerging markets, international mining companies and the governments of emerging economies must find a workable compromise in order to keep the industry on track. 

But there are examples of countries where the local government is eager to facilitate the expansion of mining. 

A notable example of this is Nicaragua where foreign direct investment has grown at an average compounded rate of 23 per cent since 2003, from US$186 million to over US$1 billion in 2012.

While mining does not account for all of the investment growth in Nicaragua, gold mining within the country has been one of the biggest growth industries and the government has set up a targeted agency to promote the sector abroad. 

To that end, the government is keen to point out that Nicaragua has a favourable tax regime, with a corporate tax rate of 30 per cent, and mining investment credits in place. 

What’s more, companies enjoy the freedom to expatriate all capital and profits, enjoy full international ownership, and maintain full protection of intellectual property rights, patents, and brands.

In fact, Nicaragua now has the second lowest labor market risk in Central America and, according to the Doing Business 2013 report put out by the World Bank, is the top jurisdiction there in enforcing contracts, resolving insolvency, and protecting investors.

One company making the most of Nicaragua’s favourable policies is Condor Gold. The company’s La India project already hosts an NI 43-101 compliant resource of 2.4 million ounces of gold grading 4.6 grams per tonne.

And the company has recently announced the completion of a 23,598 metre drilling program which is designed to provide an upgrade to the resource figure with an emphasis on defining open pit resources. 

 SOURCE; MINESITE

Sharing the Benefits Of Gold Mining And How Mining Contributes To Development

"There can be no doubt that mining, executed responsibly, is a significant force for sustainable growth. Beyond the multiplier effects on employment, livelihoods and the national economy, it should not be underestimated that whole communities are directly and often exclusively dependent on the sustainability and growth of the mining sector.
But to succeed in growing the mining economy, long-term relationships of trust and mutual respect must be established between its key stakeholders.

A mining operation should provide socio-economic benefits to all stakeholders – including employees and local communities (in the form of jobs, local procurement and community projects), national and regional governments (in the form of royalties, taxes and investment) and investors of capital (in the form of dividends, interest and risk adjusted returns on their investment). If one group withdraws their support for the operation, this will negatively impact all stakeholders.
For much of the last decade, the debate about mining’s contribution to development has been stunted by the dead hand of the ‘resource curse’ theory, which held that many poorer countries would be better off leaving their minerals in the ground.

This is partially because many developing countries with a natural resource endowment are faced with a legacy of poverty and inequality to which the mining industry has, without doubt, contributed.

To address these challenges, it is essential to maximise the socio-economic benefits from the extraction of natural resources, but to do so without shrinking the mining economy. There are numerous examples around the world where mines have been a catalyst for wider socio- development.

Gold mining typically accounts for a high proportion of foreign direct investment for developing countries and for a substantial chunk of foreign exchange earnings. A recent report [The direct economic impact of gold, PWC, October 2013] found that gold mining contributed some $78 billion in gross economic value added and 530,000 direct jobs in the 15 leading gold producer countries. Moreover, mining tends to generate large numbers of indirect jobs and to have significant multiplier effects in part because many mining jobs pay well and are highly skilled''.
By Nick Holland CEO Gold Fields

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