thanks to measures to stimulate innovation, optimize the business environmen
t and public services, and to strengthen opening-up and cooperation in the digital sector.
“China’s high-tech industries, represented by new technologies, new industr
ies, and new products, have maintained rapid growth in recent months,” she said.
According to the commission, output in the high-tech manufacturing sector rose 8.7 percent ye
ar-on-year from January to April, 2.5 percentage points higher than that of industrial output. High-tech ma
nufacturing output was responsible for 13.6 percent of industrial output, 1 percentage point higher year-on-year.
Output of the electronics and communication equipment manufact
uring sector, pharmaceutical manufacturing and aerospace and equipment manufacturing wer
that have struggled to stay afloat.In the 1990s China Record Group Co Ltd, the biggest and oldest re
cord company in the country, sold about 10 million records, such as pop, folk, and classical music by Chinese
singers and orchestras, says Hou Jun, the company’s vice-president. In the early 2000s the number dropped to no more
than 10,000 copies, and the huge change in the way music was consumed led to many Chinese record companies folding.
In the late 1990s China Record Group Co Ltd closed down its last vinyl prod
uction line because of the decline of the market for physical records.However, last year, as the
company celebrated the 110th anniversary of its founding, it launched a project to revive vinyl production. The com
pany has imported a production line from Germany that marks the start of the company’s
vinyl production, and it has set up a vinyl records factory in Shanghai that has a complete production line.
Firm likely to be largest smartphone vendor in the world by end of this year
Huawei Technologies Co said on Thursday that it aims to grow the revenue of its consumer business group, which chiefly includes
smartphones and personal computers, to $100 billion in three years and to $150 billion in five years.
The announcement came after the company’s consumer busin
ess group posted $52.5 billion in revenue last year, up 45 percent year-on-year. Th
at also marked Huawei achieving the target of $50 billion two years ahead of schedule.
Yu Chengdong, CEO of Huawei’s consumer business group, said five years later, smartphone
s will account for about two-thirds of its $150 billion revenue goal, and computers, smartwatches as well as oth
er internet of things devices are likely to account for about one-third or 40 percent of its CBG revenue.
According to Yu, Huawei is likely to become the largest smartphone vendor by the end of this year at the earliest, althoug
h its products are not available in the United States and South Korea due to “nonmarket factors”.
dumping of solid waste, especially hazardous waste, along the Yangtze River, will be continued, he said.
Wang, of the NPC committee, also called for more government support to encourage in
vestment from both State-owned and private companies into the hazardous waste treatment sector.
Facilities for hazardous waste disposal should be mandatory at all ind
ustrial parks. And while they should be included into planning for new parks, the constr
uction of such facilities should begin as soon as possible in parks with inadequate facilities, he suggested. Land should b
e set aside so that it could be used to increase processing capacity to meet potential demand, Wang said.
He also suggested making the disclosure of information about hazardous waste mandated by law i
n order to facilitate public supervision. The latest technological innovations such as big data, unm
anned aerial vehicles and remote monitoring should be adopted to tighten supervisory efficiency.
ce the government has stepped up its efforts to improve public awareness of fire safety through brochures, advertisements and pu
blic service announcements,” said Liu Xingye, secretary-general of the China Association for Disaster Prevention.
Still, quite a few fires broke out during the Tomb Sweeping Day holiday late last week due to people’s carelessness, Liu said.
That shows that there is a dire need to educate the public on the dangers of even a small fire, Li
u said, adding that only when there are fewer fires will firefighters be truly protected.
Real estate purchases, especially homes, by women professionals rose sharply in 2018 in the top tier
cities of China and reshaped the sales strategies of some developers, a new industry report said.
It has long been a social norm in China that ahead of a marriage, it is the m
ale spouse who is responsible for apartment purchases, or at least for the down pay
ment. But data from Ke.com, an online housing agency and subsidiary of real estate agency giant Lianjia, shows that
such traditions are changing in the big cities as more financially independent single women have started investing in properties.