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In the first nine months of this year, new orders received by Chinese shipbuilders accounted for 58.3% of the world market share, and orders in the hands of shipyards also accounted for 48.3% of the global share, ranking first in the world.
12-4-20 The world’s highest power transmission and transformation project at over 4,300 meters above sea level became fully operational in Tibet on Fri. This marked the completion of electric power coverage in Tibet and also in the Chinese mainland.
The US trade deficit with China increased by $2.2b to $26.5b in October, making China the economy with which it has the largest trade deficit, at nearly twice the deficit of the US with the EU of $15.7b.
China replacing the US to become largest trade partner of the EU in Q3 is good news for both China and the EU, reflecting resilience and potential bilateral economic and trade relationship.
The United Kingdom’s Office for National Statistics (ONS) data show that the country’s imports of goods from China in the second quarter of 2020 exceeded those of all other countries for the first time in size.
12-4-20 600 liters (1 mln doses) of Chinese producer Sinovac’s Covid19 vaccine has arrived in Brazil. It is the second batch of the Chinese vaccine after 120,000 doses arrived in November.
12-2-20 A Chinese company, China Civil Engineering Construction Corporation wins bid for the first phase of the African CDC of the African Union. A milestone in cooperation between China and African countries to strengthen their Public Health and epidemic prevention systems.
The first phase of the African CDC project will be located in Addis Ababa, Ethiopia. The construction will include the main office building, laboratory building, office administrative area, emergency response center, information center, biological laboratory, accommodation for staff, and other functional areas.
12-4-20 Chinese scientists announced the construction of 76 photons (quantum bits) of quantum computing prototype “Jiuzhang九章”. In terms of speed, the speed of solving the mathematical algorithm Gaussian boson sampling is only 200 seconds, while the current supercomputer will take 600 million years. It is generally accepted that 50 quantum bits is the critical threshold to prove that a quantum computer has the potential to surpass traditional computers. The “九章” is named after a well-known mathematical treatise 九章算术 from ancient China.
The speed is 10 billion times faster than the 53 superconducting bits of quantum computing prototype released by Google last year. This achievement enables China to successfully reach the first milestone in quantum computing research: the superiority of quantum computing (also known abroad as “quantum supremacy”).