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Shanghai “smart health houses”

Shanghai has so far set up 195 “smart health houses” where local residents can complete physical checkups themselves and obtain health assessment reports using smart technologies.
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China Targets U.S. Buyers with $6 Billion Dollar Debt Sale

China drew bumper demand for a dollar bond sale amid growing uncertainties over the U.S. elections and tensions with Washington.

The Ministry of Finance opened up its bond sale to a broad pool of U.S. investors for the first time, potentially diversifying its investor base and setting aside concerns of decoupling in credit markets.
The deal includes China’s debut issuance of 144A notes, as well as previously sold Regulation S senior bonds, allowing participation from a wider range of potential international investors compared to last year’s jumbo global offering of $6 billion dollar bonds and 4 billion euro notes ($4.7 billion).

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China has become world’s largest, fastest-growing IC market

China’s IC industry has seen an average compound annual growth rate of more than 20 percent. In 2019, the country’s IC industry reached a size of more than 700 billion yuan (103.1 billion US dollars), up by 15.8 percent year on year.

Currently, the country accounts for nearly 50 percent of the global market share, Yang noted, adding that foreign-invested enterprises contribute more than 30 percent of IC sales revenue on the Chinese mainland.

The semiconductor industry is a global industry, and no country is isolated from the entire industrial chain, said Keith D. Jackson, 2020 chair of the Washington-based Semiconductor Industry Association, at the event, adding that the Chinese government has abided by its commitments to opening up and stabilizing foreign trade and investment, which has bolstered the confidence of foreign enterprises.

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Shenzhen 40 years

In only 40 years, Shenzhen has developed from a small fishing village into the 5th largest city in Asia (in terms of GDP) and 9th financial center in the world. What surprises will the city bring in the next 40?
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Chinese companies given ‘verbal notice’ to stop importing Australian coal

Australia is China’s largest supplier of thermal coal, providing up to 35 per cent of the mineral used for electricity generation. Australian exports of coking coal, which is used to make steel, surged by 67 per cent in the first half of 2020 as China embarked on an infrastructure led recovery from the coronavirus.

  • Responding to reports saying China has ordered a halt to imports of Australian coal, Chinese Customs said on Tue that it will strengthen import supervision on related products, asking reporters to consult relevant authorities for further information.
  • Trade between China and Australia in the first three quarters went down 1.1%, with Chinese imports of Australian products down 5.1%: spokesperson of Chinese customs.
  • Scott Morrison said the government was investigating the reports, but it was “important not to get ahead of ourselves here” because it was “not uncommon” for China to impose domestic quotas to support local coal production and jobs.
    “That is not uncommon to see that and I can only assume, based on our relationship and based on the discussions we have with the Chinese government, that that is just part of their normal process,” the prime minister said in Brisbane on Tuesday. We’ll see, Scott.
  • Mongolia’s coal exports to China have been accelerating recently, as evidenced by the fact that coal transportation via truck has reached 1,000 units/day at the Ganqimaodu checkpoint in North China’s Inner Mongolia, the country’s largest import conduit for Mongolian coal, according to Chinese sources. A month ago the volume was only at about 600 trucks/day,