After seven rounds of talks, On November 8, 2005, the United States and China signed a Memorandum of Understanding (MOU) that stablished quotas on U.S. imports of selected textile and apparel products from China.
The MOU went into effect on January 1, 2006, and extends through December 2008, at which time the righ of the United States to invoke safeguards under the textile provision of China's WTO Membership Accession Agreement expires. The MOU supersedes the safeguard actions undertaken by the United States in 2005 in response to rising imports rom China.
"The solution of the textile dispute is in line with the common interests of companies in both China and United States, which will benefit and boost the stable development of the bilateral trade relationship," Bo Xilai, the Ministry of Commerce said in an online statement.
Originally Posted: China Business Daily
Author: Angulo Fu
Saturday, November 8, 2008
China, US Signed MOU on Textile Trade
Friday, November 7, 2008
Tencent Set Up
Founded in November 7, 1998, Tencent, Inc. has grown into China's largest and most used Internet service portal. In its ten-years history, Tencent has been able to maintain steady and fast-paced growth by always putting its users first. On June 16th, 2004, Tencent Holdings Limited (SEHK 700) went public on the main board of the Hong Kong Stock Exchange.
The famous product of Tencent is QQ, the most popular free instant messaging computer program in Mainland China, and the world's third most popular IM service. The program is maintained by Tencent Holdings Limited (HKEX: 0700), owned in part by Naspers. Since its entrance into Chinese households QQ quickly emerged as a modern cultural phenomenon, now being portrayed in popular culture. Aside from the chat program, QQ has also developed many subfeatures including games, pets, ringtone downloads, etc.
Originally Posted: China Business Daily
Author: Angulo Fu
Thursday, November 6, 2008
Eastman Launch Polyester Packaging Materials for Infant Health Care Products
Eastman announced that its brand business, product designers, as well as tooling division now have greater flexibility in design for the infant care products. They could use of the Eastman Tritan Polyester materials for customers to improve product performance.
The customers' requirement of the plastic infant care products are transparency, durability, and not contain bisphenol A (BPA). Eastman Tritan Polyester material can provid some performance which traditional polyester materials don't have, such as transparency and toughness, can also provide heat resistance and chemical resistance, improved design flexibility and easy processing. And the Tritan production does not contain BPA.
Evenflo, the world's leading infant care product manufacturer is the first company to use Eastman Tritan Polyester materials for baby bottles. Infant care products need to be resistant to wear and tear. New Comfi production line could produce plastic baby bottles, but the apperance is similar to glass, it can be clearly observed the internal liquid from outside.
Originally Posted: China Business Daily
Author: Angulo Fu
Azelis Become a Distributor of Reichhold in UK
Reichhold reached a commercial co-operation agreement with Azelis, a British distributor. Since then zelis will be a agency authorized by the Azelis, may be responsible for the sales and customer service in the Northern Ireland.
Reichhold's main production are polyester, vinyl polyester and gel-coated material, as well as other products are widely used in various industrial fields, such as energy, construction, marine vessels, transport, sanitary and kitchen products.
Maartenvanden Ouden, the area sales manager evaluates the cooperation between the two sides as follows: Reichhold will continue to offer high-quality products and services to users. By signing a new commercial agency contract with Azelis, we believe that this concept will continue to be passed in the Northern Ireland. Azelis has operated composites trading for many years, has a professional technology and business services team. I think Azelis will made a significant progress in the region by virtue of their strength.
Gianni Ostelli, the header of the Azelis international composite business department, said as a team sustain to concerned about providing customers with high value-added services, Azelis Composites will supply be first-class service to local users, and work together with Reichhold to promote the local business.
Background
Reichhold is the world's largest supplier of unsaturated polyester resins for composites and a leading supplier of coating resins for a wide variety of markets and applications. Reichhold has 18 manufacturing sites in 11 countries, including two tolling sites, throughout the Americas, the Middle East and Europe.
Founded in 1927, Reichhold will celebrate 80 years in business in 2007. With its world headquarters and technology center in Research Triangle Park, North Carolina, USA, Reichhold has the widest global reach of any resin supplier today.
Azelis provides access to European markets for manufacturers and suppliers of products to the following industry sectors: Coatings, Composites, Plastics, Chemical Industries, Pharma (human & veterinary), Animal Nutrition, Food & Health, Cosmetics and Rubber.
Its early strategy of growth through acquisition has resulted in almost total European coverage, with 32 companies integrated into an efficient operation that reaps the benefits of inter-group synergies whilst maintaining a deep knowledge of, and connection with, local markets.
Azelis employs nearly 1 100 people and in 2007 achieved sales of € 1 093 million.
Originally Posted: China Business Daily
Author: Angulo Fu
US Final Ruling on Anti-dumping Polyester Film
Recently, United States International Trade Commission (USITC) made a final ruling on anti-dumping polyester film originally from China, Brazil, Thailand and the United Arab Emirates.
The USITC judged China, Brazil and the United Arab Emirates to conducted dumping in US, have brought about substantial damage to the industry in the United States, and that Thailand was no substantial threat.
According to the USITC 's final ruling on the industrial damage, the United States will impose taxation on the polyester film from China, Brazil and the United Arab Emirates in accordance with the margin of dumping. And because of no damage, the United States will not be implemented anti-dumping measures on polyester film from Thailand.
It is understood that the margin of dumping of Chinese polyester film products involved in the case is from 3.49 percent to 76.62 percent.
Originally Posted: China Business Daily
Author: Angulo Fu
Hackers Unlock Google Phone G1
November 6, through a gaping loophole of Android operating system, some hackers have successfully unlocked the G1 cell phone which has just sold by T-Mobile.
According to the method of unlock which is published in the XDA-Developers Forum, it is very easy to jailbreak, hackers can obtain root authority within one minute.
Hackers use PTerminal software to connect the IP address of the G1, and then get a root authority.
Unlock G1 is easier than Apple's iPhone. The hackers have spent several weeks to hijack the iPhone security measures.
Unlock G1 also has great significance because it allows users to use G1 cell phone beyond T-Mobile expect. As a result of this method to unlock allows users obtain the authority of system control, perhaps G1 will soon be able to run the Symbian, Linux or other smart phone operating system.
The other members of XDA-Developers Forum also discussed the use of such methods so that the Goole cell phone G1, as well as other types of Android act as a Wi-Fi router in the future.
A Google spokesman said the company plans to release a software patch to amend this loophole.
Originally Posted: China Business Daily
Author: Angulo Fu
3AChemical and DuPont Introduce Teflon Protective Coating
After many years of cooperation between 3A Chemical Co. and DuPont, recently announced that work together again to introduce a new paint product in China paint market. The new generation of coatings will further enhance the consumers' confidence in 3A Chemical's innovation coating, as well as the science and technology of surface protection from DuPont Teflon ®.
At present, 3A Chemical Co. is the first building interior wall paint business which is licensed to use DuPont Teflon ® trademark. This new coating product is in the use of DuPont Teflon ® surface protection technology.
Backgound
In chemistry, poly(tetrafluoroethene) or poly(tetrafluoroethylene) (PTFE) is a synthetic fluoropolymer which finds numerous applications. PTFE's most well known trademark in the industry is the DuPont brand name Teflon.
Water and water-containing substances like most foods do not wet PTFE, therefore adhesion to PTFE surfaces is inhibited. Due to this property PTFE is used as a non-stick coating for pans and other cookware. It is very non-reactive, and so is often used in containers and pipework for reactive and corrosive chemicals. Where used as a lubricant, PTFE reduces friction, wear and energy consumption of machinery.
Originally Posted: China Business Daily
Author: Angulo Fu
Canada to Included PFOA & Salts in the Effective Exclusion
Canadian authorities will issue a draft of regulation which included Perfluorooctanoic acid (PFOA) & Salts in the effective exclusion list.
Canada included Perfluorooctanoic acid (PFOA) & Salts in the effective exclusion list is designed to prove the Canada Government will committed to the rule of excluding Perfluorooctanoic acid (PFOA) effectively.
Perfluorooctanoic acid (PFOA), also known as C8, is a man-made acid that has many industrial uses. PFOA can designate the acid itself, the principal salts (like ammonium perfluorooctanoate, also known as APFO), or the dissociated conjugate base perfluorooctanoate (also known as PFO). PFOA is a potent surfactant and a persistent ubiquitous global contaminant. It is detected in the blood serum of general populations and its biological effects are under investigation. PFOA is also produced from the degradation of a variety of precursors.
Perfluorinated acid are mainly for textile, leather, packaging and coatings industries. In 2006, because of the United States Environmental Protection's advocation, 8 US companies including DuPont would ban on Ammonium Perfluoroocatanate completely before 2015. Ammonium Perfluoroocatanate is a chemical raw material for Teflon (PTFE) pans.
Originally Posted: China Business Daily
Author: Angulo Fu
Three Gorges Project Started Rerouting the River
On November 6, 1997, Three Gorges Project entered the stage of Yangtze River rerouting. The rerouting of Yangtze River is a symbol of first stage project's victory.
The Three Gorges Dam is a hydroelectric river dam that spans the Yangtze River in Sandouping, Yichang, Hubei, China. It is the largest hydro-electric power station in the world. Except the ship lift, all the original plan of the project was completed on Oct. 30, 2008, when the 26th generator was brought to commerical operation. Six additional generators in the underground power plant are being installed, with the dam thus not expected to become fully operational until about 2012. The total electric generating capacity of the dam will reach 22,500 MW.
As with many dams, there is a debate over costs and benefits. Although there are economic benefits such as flood control, clean hydroelectricity and navigation, there are also concerns about the relocation of people, siltation, loss of archaeological and cultural sites and the impact on regional ecosystem.
Project History
After the 1949 communist victory, the leader Mao Zedong supported the project, but the Gezhouba Dam project was begun first and economic problems including the Great Leap Forward and the Cultural Revolution slowed progress. In 1958, after the Hundred Flowers Campaign, some engineers who spoke out against the project were imprisoned.
During the 1980s plans were revived. Pushed through by Li Peng, the dam was approved by the National People's Congress in 1992 with a record number of abstentions and dissenting votes. The construction started on December 14, 1994. The dam was expected to be fully operational in 2009, but due to additional projects such as the underground power plant with 6 additional generators, and due to the complexity of the ship lift, the dam is not expected to become fully operational until about 2011. The dam will raise the water level the third time to its designed maximum water level (175 m above sea level) by the end of 2008.
Originally Posted: China Business Daily
Author: Angulo Fu
Wednesday, November 5, 2008
China Video Sharing Industry will Reshuffle
Liu Yan, the CEO of video web site "6 Room" (6.cn) said 6 Room plans to lay off employees from 200 to 60, but don't like the rumors of only 10.
At the same time, Liu Yan said 6 Rooms will not layoff before the end of this year. On the contrary, the company will hire about 10 employees.
Turning to the employees be laid off, Liu Yan said that he gave the highest compensation to all the retrenched employees, and will continue to retain their mailbox. After the Company to be profitable, he hope they could come back.
It is reported that the video-sharing Web site UUSee, PPLIVE have confirmed that layoffs, and there are the layoff rumors of Tudou, Ku6 and Youku.
At present, I think there 4 type of web sites are most likely to close down. They are video sharing, SNS social networking, search for life and online game. Because mainly rely on the support of venture capital, the video sharing sites are most affected by the financial crisis.
Some video sharing sites which does not have sufficient capital reserves will lay off and scale down. Some major sites must take advantage of this opportunity to promote the industry reshuffle.
Originally Posted: China Business Daily
Author: Angulo Fu
Google Adds New Technology to Search PDF Files
Google rarely include scanning document in their search results page, because it can not determine the nature of the content. However, this situation will change. Google said it will use optical character recognition (OCR) software to enable Web surfers to search any PDF files which are developed by Adobe.
Evin Levey, Google product manager said that Google will use this technology to scan document into a text file. This will search for documents, index and return the answers to Google search queries.
Google's such a OCR application is expected to help Google Book Search. This is an ambitious and controversial plan releaseed by Google at the Frankfurt Book Fair 2004. Since then, Google scans 3000 books/day from the world's major libraries.
Although the plan was raised copyright concerns firstly. However, Google has reached a settlement with the Authors Guild and the Association of American Publishers on this issue. According to the agreement, in the United States, Google will be able to expand online access to millions of copyrighted books and other written content. The agreement to resolve a number of legal issues which challenge Google on the search and display the content of the copyrighted books. Google does not need copyright owners' approval and share digital versions of books with the libraries.
At present, due to the content of the network continues to multiply grow, the current search engine technology based on the nature of the text is clearly inadequate. This is because the current generation of search engines can only find multimedia files with notes text. Notes text is a laborious and time-consuming process. Content producers often overlook this issue.
David Wadhwani, vice president of Adobe explained that they are initially cooperate with the Google and Yahoo to significantly improve the multimedia content search. They intend to expand the such applications so that all the publishers, developers and users benefit.
Originally Posted: China Business Daily
Author: Angulo Fu
Legend Produced China's First 586 PC
November 5, Legend entered the Pentium era, producing China's first 586 PC.
586 refers to the Intel processor. It is a type of Intel 80x86 processors. Intel 80x86 series processors includ 8086, 80286, 80386, 80486 and 80586. 8086 and 80286 belong to the 16-bit operating system, from 80386 to P4 are 32-bit operating system.
Originally Posted: China Business Daily
Author: Angulo Fu
Lengend Mergerd with ICT
November 4, 1998, the Institute Of Computing Technology Chinese Academy Of Sciences and Lengend Group hold a reporters forum, announced the ICT would be the "Lengend Corporate Research & Development" after restructuring.
Lengend Corporate Research & Development was finally established in January 1999, became the central R & D institutions of Lengend Group.
Since its inception, the Lengend Corporate Research & Development has always been committed to promote technological progress and long-term development of the company, to provide long-lasting core competitiveness and create new profit growth point for China's information industry, to provide the driving force for innovation.
After the rename of Lengend Group, the Lengend Corporate Research & Development has also changed its name to the Lenovo Corporate Research & Development.
Originally Posted: China Business Daily
Author: Angulo Fu
Monday, November 3, 2008
Ryanair to Launch Low-Fare Transatlantic Flights
Budget airline Ryanair plans to offer trans-Atlantic flights as cheap as 10 euros ($12.70) before taxes to several U.S. cities from Britain and Ireland.
In an interview with Flight International magazine, Mr O'Leary, the Ryanair boss said he intended to fly to five or six US cities from Ryanair's 23 European bases before the end of the decade.
"Economy class will be very cheap - around €10. But our business class will be very expensive. There's always 10-15 per cent who'll pay whatever it costs for a wide seat," O'Leary said.
The €10 flights, which could begin by the end of next year, would be available for those booking early. Passengers would pay airport taxes on top of the fares. Mr O'Leary is expected to announce plans to buy more than 50 aircraft as part of his vision to help Ryanair beat the recession.
O'Leary said they will just have to keep flying more aircraft, opening up more routes and offering people more cheap flights.
Background
Ryanair was Europe's original low fares airline and is still Europe's largest low fares carrier. In the current year Ryanair will carry 52m passengers on 800 low fare routes across 26 European countries. We have 31 European bases and by the end of March 2008 Ryanair will operate a fleet of 163 new Boeing 737-800 aircraft with firm orders for a further 99 new aircraft (all net of planned disposals), which will be delivered over the next 5 years. Ryanair currently employs a team of 5,000 people, comprising over 25 different nationalities.
Ryanair Passenger Growth in Millions
Originally Posted: China Business Daily
Author: Angulo Fu
Mass Transit Railway Began Construction
MTR, or Mass Transit Railway, is the rapid transit railway system in Hong Kong. The MTR was built since November 3, 1975 and first began service in 1979 and officially merged with the Kowloon Canton Railway (KCR) on 2 December 2007, still bearing the same name in English. The network includes 211.6 km of rail with 150 stations, including 82 railway stations and 68 light rail stops. The MTR system is currently being operated by MTR Corporation Limited (MTRCL). Due to its efficiency and affordability, the MTR system is a common mode of public transport in Hong Kong, with over 4 million trips made in an average weekday. The integration of the Octopus smart card fare-payment technology into the MTR system in September 1997 has further enhanced the ease of commuting on the MTR.
In 1967, construction of the MTR was prompted by a government-commissioned study. The Hong Kong Government had previously commissioned a study in the 1960s to find solutions to the growing traffic problem caused by the expansion of the city's economy. Construction started soon after the release of the study, and the first line was opened in 1979. The MTR was immediately popular with residents of Hong Kong; as a result, subsequent lines have been built to cover more territory. There are continual debates regarding how and where to expand the MTR network.
Originally Posted: China Business Daily
Author: Angulo Fu
Boao Forum for Asia 2003 Anual Conference
The Boao Forum for Asia (BFA) Annual Conference 2003, originally planned for May, but postponed due to SARS, was held on November 2-3, in Boao, Hainan Province.
China's successful control of the SARS epidemic in record time made it possible for the BFA to hold the conference at its headquarters in Boao this year. Construction of new exhibition & conference facilities, and a brand new 500-room hotel as well as development of additional infrastructure have fully equipped Boao to hold such large international conferences.
The theme of the conference was "Asia Searching for Win-Win: Development through Cooperation, with the aim of generating new ideas for regional cooperation in Asia. The plenary sessions on both days provided an opportunity for Asian government leaders to interact with global business leaders and academics. All deliberated on such development prospects in the Asian economy as trade cooperation and financial security issues. At concurrent sessions in-depth discussions on such topics as IT industry in Asia, Balancing Role and Responsibility of the Media, Asian Economic Restructuring took place.
About 1,000 participants attended the conference. Prominent among them were government leaders from China and other Asian countries, economists from multinational corporations and universities around the world, and successful business leaders operating in Asia.
Established in February 2001, the Boao Forum for Asia is a non-governmental and non-profit-making international organization, has evolved into a high-level platform for Asian leaders form the government, business and academia to express views on Asia and the world. The first annual conference in April, 2002 was attended by then Chinese Premier Zhu Rongji, Japanese Prime Minister Junichiro Koizumi, ROK Prime Minister Lee Han-Dong, Thai Prime Minister Thaksin Shinawatra and other Asian leaders.
Originally Posted: China Business Daily
Author: Angulo Fu
Beijing Opened 5th Ring Road
November 1, 2003，Beijing opened 5th Ring Road. Beijing's 5th Ring Road is a ring road encircling the city about 10 kilometers away from the city centre. It takes the form of an expressway (although it is being modified in part as a city express road) and is 98 kilometres in length. Being a ring road, it has no natural start or end point, although the "0 km" mark is found near the northeastern stretch at Laiguangying, at the intersection with the Jingcheng Expressway. The expressway ring road is a provincial-level road in Beijing municipality.
All of Beijing's expressways, except for the Jingha Expressway, are interlinked with the 5th Ring Road. Being close to the Olympic venues for the games of summer 2008, it earns itself a nickname -- "Olympic Avenue".
Portions of the expressway have a maximum speed limit of 90 km/h, with the remainder imposing a speed limit of 100 km/h. There is a universal minimum speed limit of 50 km/h.
Six lanes (three up, three down) form the expressway ring road.
Originally Posted: China Business Daily
Author: Angulo Fu
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