Tag Archives: China

Landlocked Mongolia welcomed by Caofeidian to turn into land-linked

CAOFEIDIAN, April 30 – The port of Caofeidian (曹妃甸), once claimed as a ghost city in northern China, is on the way to become an international hub to take advantages of the “Belt and Road” initiative to connect between Central Asia and Europe by its superior geographical location. On April 26, Caofeidian  industrial zone’s promotion conference was attracted nearly 400 merchants, investors and local authorities from China, Mongolia, Japan and South Africa at Hebei province.

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Xi, Putin and Battulga meet in June, Qingdao

BEIJING(Naanga) —  China and Mongolia agreed to integrate the Belt and Road Initiative and Mongolia’s Development Road (formerly Prairie Road) program, according to the Xinhua Agency’s report.

China will take advantage of the essential opportunities brought by the linking of China’s Belt and Road Initiative and Mongolia’s Development Road initiative to expand cooperation in various fields and people-to-people exchange, Chinese President Xi Jinping said on Tuesday(Apr 10).

Continue reading Xi, Putin and Battulga meet in June, Qingdao

China’s housing prices faces slowdown

Beijing — China’s house prices rose for a 29th straight month in February, but the pace of growth slows because of the government purchasing restriction. On a yearly basis, home prices of China’s the ‘tier one’ including Beijing, Shanghai and Guangzhou — keep falling, according to the National Bureau of Statistics. Shenzhen’s home price growth had the biggest year-on-year decline because of the high cost of building construction, mainly the land price factor.

The property curbs also reflects on second-hand home prices, China’s capital city fall most for 10 consecutive months by 4.6 percent from a year earlier. Second-hand home transactions accounted for almost five times the new-home sales in 2017, according to the Beijing municipal statistics. In Guilin, China’s most famous southern tourist destination, had the most stable housing prices, previously owned home sold as the almost same level of 2015.

Concerning the used home market, the price is still expected to decline in 2018 because of the lack of potential buyers who can meet high loan and more down payment, said Hu Jinghui, vice president of 5i5j – a major housing agency in Beijing at China Daily.  China’s housing market has entered into a sideways consolidation period after it experienced a fast-growing cycle, with high prices and high sales volume, said Shui Pi, editor-in-chief of China Times.

Beside this, a nationwide registry system is expected to be effective in 2018. Chinese Finance Minister Xiao Jie lately indicated that property tax legislation will be  take place in March, 2019, followed by nationwide taxation, the Global Times reported in early of March, 2018. The real estate sector accounts for one-third of China’s GDP, according to Fortune.

Student start-ups inspired to enter the driverless car market

Beijing, China — On a rainy day in the mid-of November in Hubei province, China, racing cars were running on the Xiangyang Dream Formula track. The strange thing was the cars had no drivers behind the wheel. Instead of sitting behind the steering wheel, drivers were standing not too far behind the start line. Actually, they are engineering students of the Chinese universities who were participating the 2017 Formula Student China sponsored by Aiways. Seven teams brought driverless cars to the Formula Student China competition. The Organizing Committee introduced the driverless formula car race this year. 

“The driverless car race is becoming popular in China,” said Kuang Shu Chi(匡书池),  a new member of Hefei Technology University’s Formula Student driverless team.

Kuang Shu Chi(匡书池), 24, switched his major from a machinery engineering to autonomous car because of growing the demand.

China’s driverless car market is expected to reach 200 billion RMB in 2020, and there will be around 8.6 million autonomous vehicles on the road by 2035, according to the China Industrial Information Network. This forecast has not only inspired thousands of students like Kuang Shu Chi(匡书池), but also hundreds of start-ups like KITTCAMP to enter driverless car industry in China.

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Bloomberg’s Tom Orlik: Even painful, China needs deleverage

Dec 2, 2017, | by Naanga

Beijing, China — Bloomberg economists expect China’s economic growth to further moderate to 6.4 percent in 2018, to 6.2 percent in 2019, according to a survey conducted by Bloomberg News.

“The Chinese economy is going to slow towards mid-single digits, 5.5 percent by 2020,” said Tom Orlik, the chief Asia economist for Bloomberg Intelligence.

Not only Bloomberg is de-escalating the second largest economy’s estimation, but also IMF, Morgan Stanley, and UBS will moderate in coming years outlook.

Continue reading Bloomberg’s Tom Orlik: Even painful, China needs deleverage

Are we asking the right questions?

Nov. 1, 2017, 09:07 AM | Clyde RUSSELL

LONDON, Nov. 1 (Reuters): “The overall picture is that China’s BRI is still largely a conceptual exercise, rather than a physical reality.” according to Reuter report. It might be the right time to think it over… Belt and Road! Only that word can attract all eyes on China. The mass of the forum, which related to China, is trying to draw in ”Belt and Road”. In this week, for instance, “Belt and Road Opportunities for Women Entrepreneurs” forum held in Kathmandu, Nepal, also #BRI is the hot topic during the London Metal Exchange Week, and mining conference in Melbourne too. Are we asking the right questions?

Naanga contributed to this report.



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