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Tough times continue for China’s small businesses
on: January 16, 2019In: Banking & Finance, Brief, Economics & TradeTags: No Comments
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https://chinaeconomicreview.com/tough-times-continue-for-chi…

"Business activity at small- and medium-sized enterprises (SMEs) in China fell again during the final quarter of 2018, as Beijing struggles to revive a key sector of the economy, Caixin reports.

The Small and Medium Enterprises Development Index (SMEDI), an industry survey released by the Chinese government in partnership with the country’s official SME association, produced a score of 93.0 for the last three months of 2018, indicating that SMEs are still finding times tough.

This was the 30th consecutive quarter that the index came in below the benchmark score of 100. The score of 93.0 was level with the third quarter, indicating that the sector has stabilized following two previous quarters of accelerating contraction.

However, Beijing would have been hoping for a better result after a landmark speech by President Xi Jinping in support of private enterprise and a slew of government policies designed to channel funding to SMEs and improve the policy environment for the private sector."
https://gallery.mailchimp.com/92427d919e3b8560ba30b6bea/file…


"China set to lower GDP growth target in 2019, policy sources say - China plans to set a lower economic growth target of 6 percent to 6.5 percent in 2019 compared with last year's target of "around" 6.5 percent, policy sources told Reuters, as Beijing gears up to cope with higher U.S. tariffs and weakening domestic demand. The proposed target, to be unveiled at the annual parliamentary session in March, was endorsed by top leaders at the annual closed-door Central Economic Work Conference in mid-December, according to four sources with knowledge of the meeting's outcome. Data later this month is expected to show the Chinese economy grew around 6.6 percent in 2018 — the weakest since 1990. Analysts are forecasting a further loss of momentum this year before policy support steps begin to kick in, reports CNBC; "
"China's premier says tax cuts support employment, economic stability - China's plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country's tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday. "Implementing tax cuts for small and micro enterprises is mainly to support employment," Li said in comments posted on the Chinese government's website. Developing and strengthening small companies is linked to economic stability and stable employment, he said. "Looking at the long term, this will continue to expand the tax base, conserve tax resources and ultimately achieve wins for mass employment, corporate profits and fiscal revenues," he was quoted as saying, referring to the corporate tax cuts. Li's comments come amid growing official concern over China's slowing economic growth and its impact on the labor market. Chinese authorities plan to set a lower economic growth target of 6 to 6.5 percent in 2019, compared with "around" 6.5 percent in 2018, sources told Reuters, as weakening domestic demand and a damaging trade war with the United States drag on business activity and consumer confidence."
www.appsecurities.com.au////public/5265736561726368496E74657…
"China says will reduce foreign investment curbs, 2018 FDI rises 3 percent: commerce minister - China will reduce restrictions on foreign investment and address difficulties facing foreign companies investing in the country, the commerce minister said, according to a transcript of an interview he gave to state media. Commerce Minister Zhong Shan said China would allow full foreign ownership of companies in more areas of the economy and would reduce the number of industries in which foreign investment was restricted or barred, according to the transcript posted on the Ministry of Commerce's website on Sunday. The comments appeared to be largely reiterations of past pledges by Chinese officials for further market opening. Foreign direct investment (FDI) into China rose by 3 percent year-on-year to $135 billion in 2018, Zhong said. That would mark a slowdown from growth rates of 7.9 percent in 2017 and 4.1 percent in 2016. But Zhong said China had maintained stable FDI growth "against a gloomy global climate," noting that total FDI around the world had slumped by 41 percent in the first half of last year. China has been pushing to broaden opportunities for private firms and foreign investors to stimulate an economy that is slowing on the back of weakening domestic demand and a trade war with the United States. Zhong said "properly handling" trade frictions with the United States was a major task for the ministry in 2019."
www.appsecurities.com.au////public/5265736561726368496E74657…
"China central bank says to step up policy support for economy - China's central bank will ratchet up support for the economy by improving its policy transmission mechanism, governor Yi Gang said in remarks published on Wednesday. Policymakers have pledged to step up support this year, following a raft of measures in 2018 including fast tracking infrastructure projects and cuts in banks' reserve requirements and taxes, amid a trade dispute with the United States. Data later this month is expected to show China growth slowed to around 6.6 percent in 2018 from 6.9 percent the previous year. Analysts are forecasting a further loss of momentum in coming months before policy support measures begin to kick in. "The financial support for the real economy has not weakened as economic growth slows. Instead, the support has increased to reflect counter-cyclical adjustments," the official Xinhua news agency quoted Yi as saying. The People's Bank of China said on Friday it was cutting the amount of cash that banks have to hold as reserves for the fifth time in a year, freeing up $116 billion for new lending as it tries to reduce the risk of a sharp economic slowdown. The first targeted medium-term lending facility (TMLF) operation will come into operation this month, Yi said."
www.appsecurities.com.au////public/5265736561726368496E74657…
"China announces $29 billion annual tax cut, for small companies - China will reduce the tax burden for small and micro-sized companies by 200 billion yuan ($29 billion) per year for the next three years, the latest government move to aid smaller corporates that are struggling as the economy slows. The decision to cut corporate-income tax, value-added tax and other corporate taxes was announced on CCTV after a state council meeting chaired by Premier Li Keqiang on Wednesday. It came right after the central bank said its new program to encourage banks to lend to small and private companies would begin later this month. Headwinds for the world’s second-largest economy are rising as investment at home slows, profits shrink, consumers tighten their wallets and an external outlook is clouded by the trade war. Policy makers have rolled out an array of measures to boost the economy, including another cut last week by the central bank to the amount of money lenders must hold as reserves."
www.appsecurities.com.au////public/5265736561726368496E74657…
Trade war is driving a production shift, out of China, says UBS
on: January 09, 2019In: Brief, Economics & Trade, Investment, ManufacturingTags: No Comments
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https://chinaeconomicreview.com/trade-war-main-driver-for-pr…

"The majority of exporters have already made efforts to shift at least some production operations out of China as threats from the US-China trade war impact their businesses, according to a survey by UBS.


Around 37% of the 200 export manufacturers polled said that they have transferred production in the past year, while another 33% plan to do so in the coming six to 12 months, Caixin reports.

The companies planning a move said that they will shift at least 30% of their production capacity overseas, largely to countries like the US, Hong Kong, Japan and Taiwan. Southeast Asia was a less popular destination, the survey showed.

“Although higher tariffs are on hold and business sentiment may have improved following the Xi-Trump G20 meeting, we expect trade war related uncertainties to linger and hurt manufacturing capital expenditure in 2019,” UBS analysts wrote in the report."
Central bank offers benefits, for banks lending to small businesses
www.wsj.com/articles/chinas-central-bank-revises-rules-to-en…

"The People’s Bank of China has lowered the credit levels required for a business to be considered as small or micro, and will cut the reserve requirements of banks extending credit to these companies, the Wall Street Journal reports.

The threshold has been raised to Rmb 10 million ($1.5 million) from Rmb 5 million, capturing more Chinese firms within the bracket of small enterprise.

As of 2017, Chinese banks directing up to 1.5% of annual new loans to small and micro companies can reduce their reserve-requirement ratios by 0.5% from the benchmark rate, which was itself cut four times last year.

Beijing has pushed forward support for the private sector and smaller businesses which have been among the worst hit by slowing credit growth and a weaker economy.

“This will help expand the coverage of preferential policies for inclusive financing for small enterprises and will also allow financial institutions to meet the lending needs of these enterprises,” the central bank said in a statement on its website."
"China's Rich Brace for Tax Raid, on $24 Trillion Wealth Pile - China’s plan to cut taxes in 2019 for the masses has the nation’s super-rich running for cover on concern the government will make up the shortfall by going after the wealthy. Changes to the tax regime as of Jan. 1 mean authorities will be paying closer attention to assets and investment holdings. In a nation where personal wealth is estimated to have climbed to a record $24 trillion in 2018 -- $1 trillion of which is held abroad -- that potentially offers rich pickings. Anxiety over how the new rules will be enforced has already triggered a flood of Chinese clients seeking to create overseas trusts, reports Bloomberg; "
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https://web.de/magazine/politik/xi-jinping-droht-taiwan-gewa…








"Xi Jinping droht Taiwan mit gewaltsamer "Wiedervereinigung"
Aktualisiert am 02. Januar 2019, 10:00 Uhr

Der Ton zwischen China und Taiwan verschärft sich: Chinas Staatschef Xi Jinping will eine "Wiedervereinigung" mit dem demokratischen Taiwan notfalls auch mit Gewalt erzwingen.

Mehr aktuelle News finden Sie hier

Chinas Präsident Xi Jinping will die "Wiedervereinigung" mit dem demokratischen Taiwan notfalls auch mit Gewalt erzwingen. China müsse und werde auch wiedervereinigt werden, sagte Xi am Mittwoch laut der amtlichen Nachrichtenagentur Xinhua in einer Rede in der Großen Halle des Volkes in Peking.

Letztlich werde die Wiedervereinigung Taiwans mit dem Festland erfolgen, sagte Xi. Diese sei im Interesse und zum Wohle der "taiwanischen Landsleute". Ein unabhängiges Taiwan widerspreche dem Trend der Geschichte und werde in eine Sackgasse führen.

"Geben kein Versprechen ab, auf Gewalt zu verzichten"




China wolle eine friedliche Wiedervereinigung erreichen, lasse aber "keinen Raum für separatistische Aktivitäten", sagte Xi weiter. "Wir geben kein Versprechen ab, auf die Anwendung von Gewalt zu verzichten, und behalten uns die Möglichkeit vor, alle erforderlichen Mittel zu ergreifen", fügte er hinzu.

Anlass der Rede Xis war die Erinnerung an eine Botschaft aus dem Jahr 1979 an Taipeh, in der die kommunistische Führung in Peking Taiwan zur Wiedervereinigung und zu einem Ende der militärischen Konfrontation aufforderte.

Der Streit um den Status Taiwans geht auf den Bürgerkrieg in China zurück, als die Truppen der nationalchinesischen Kuomintang nach ihrer Niederlage gegen Maos Kommunisten nach Taiwan flüchteten. Seit Gründung der Volksrepublik 1949 betrachtet Peking die Inselrepublik, die selbst demokratische Wahlen abhält, als abtrünnigen Landesteil und droht mit einer Rückeroberung.

Peking betreibt Isolierung Taiwans

Peking betrieb zuletzt verstärkt die internationale Isolierung Taiwans. Von zwei Dutzend meist kleineren Staaten, die Taiwan diplomatisch anerkannt hatten, konnte Peking fünf weitere auf seine Seite ziehen.

In ihrer Neujahrsansprache am Dienstag sagte Taiwans Präsidentin Tsai Ing-Wen, dass ihr Land nicht bereit sei, "unsere Souveränität aufzugeben oder Zugeständnisse hinsichtlich der Autonomie zu machen". (mgb/dpa/afp)"
China looks to private capital, open source technology for global tech game advantage3 min read
Dec 20, 2018
|In On the Cusp, With Chinese Characteristics
|By Runhua Zhao
https://technode.com/2018/12/20/china-global-tech-game-advan…



"China is racing against time to establish its own technological intellectual property, particularly in the semiconductor industry. The moves come amid growing pressure on Chinese tech companies overseas, underscored by the recent arrest of Huawei CFO Meng Wanzhou and punitive measures by the US on Huawei rival ZTE.

This time around, China appears to be taking a more discreet approach, pursuing more low-profile strategies rather than eye-popping, state-led partnership initiatives such as the National Integrated Circuit (IC) Industry Investment Fund, which was set up in 2014 and raised RMB 138.7 billion ($20.1 billion) in its initial phase.

“Sino-US tensions are pushing China into a corner,” the head of an integrated circuit trading company told TechNode, requesting anonymity because of the sensitivity of the topic. As a result, he said, there’s been a shift in policies at both national and local levels where greater emphasis is being placed on investing in the semiconductor industry. “We are seeing increasing integration of government budget and private money in good projects,” he added.

“China will increase support to the semiconductor industry, while target projects and allocation of capital will see more subtle shifts,” said Kyna Wong, head of Credit Suisse’s China Technology team.

Wong pointed to the recently announced Shanghai-based tech board plan as a sign of new efforts to bring in individual investors and developing companies into the world of tech investment.

For semiconductor and other projects requiring long-term capital injection in research and investment, and fixed assets such as factories and labs, a stock exchange allowing flexible capital exit could benefit private investment.

In contrast to listed A-share stocks which should report earnings before IPO filling, the registration-based tech board will have no profit requirement for IPO candidates. This is likely to encourage R&D driven projects characterized by high investment risks but also high returns.

Meanwhile, the Chinese government is extending material support to early stage semiconductor projects developed by students and educational institutions.

Earlier this month, for example, during the final of the Beijing University of Aeronautics and Astronautics’ global innovation competition, the top prize for early stage projects was awarded to a project that focuses on chip security, while the prize for the growth-stage projects was given to a team that is developing non-civil communication chips. Both winners will be given access to an undisclosed amount of private capital.

Chinese semiconductor companies also are aggressively investing in open source projects. One example is instruction set architecture (ISA) RISC-V. ISA works between hardware and software, and defines how a computer is programmed.

In April, Ni Guangnan, a member at the Chinese Academy of Engineering Science, said that Chinese companies should pour the whole country’s resources into chip-making. He drew parallels to the mission of those who dedicated their lives to develop significant national projects such as developing China’s own nuclear weapons.

In November, during China’s Wuzhen Internet Conference, Ni was assigned as the general director of China’s own RISC-V alliance. At another technology forum held in the same month in the southern Chinese city of Shenzhen, Ni mentioned that Intel and ISA ARM are dominating the core chip-making technology. “If we could work together on RISC-V, under the current situation, we can be the third major power,” Ni was cited in Chinese media as saying.

“The government is very interested in the technology,” Fang Zhixi, former global vice president at Intel and now the chairman of RISC-V Foundation’s consultancy committee in China, told TechNode prior to the Wuzhen Internet Conference. “I have been getting in touch with high government bodies including the Cyberspace Administration of China (CAC) and Ministry of Industry and Information Technology (MIIT). We see no problem organizing talks or having both Chinese and international researchers and universities working together.”

Fang explained that the Chinese government’s interest in RISC-V is due to an open-source technology’s “natural advantages.” Tech companies may build their own applications on the “open and free” fundamental tech standards, and produce commercial projects with no extra-legal pressure such as patent disputes imposed by external parties.

“Open-source [solutions and communities], in fact, can be a way to avoid tensions in the tech sector,” Fang added.

Rick O’Connor, executive director at RISC-V Foundation, the official non-profit organization of ISA RISC-V, told TechNode in the same interview as Fang’s that IoT and AI, two major Chinese national strategic industries, were also eagerly looking for open source solutions.

Nevertheless, Wong believes China still has a long way to go.

“From the perspective of policy, support to open source technologies can be easily done. However, one concern is communication across standards. China still has to tackle challenges when racing with players leading mainstream tech games in many fields.”

Wong believes China’s intention is to establish its own intellectual properties in mainstream tech games. If it were not for the purpose, China could always pay for US patents’ use right and projects built on open source platforms, as the US tech entrepreneurial ecosystem is highly commercial.

“[Therefore] open source is not always enough, though it will produce positive outcomes,” Wong added."
Antwort auf Beitrag Nr.: 59.486.148 von Popeye82 am 21.12.18 05:31:52China will stay committed, to reform, +opening up, says Xi, in address
on: January 02, 2019In: Brief, Economics & TradeTags: No Comments
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https://chinaeconomicreview.com/china-will-stay-committed-to…

"The pace of reform will not slow and the country will continue to open its markets, said President Xi Jinping in his annual New Year message, as the Chinese economy faces a mountain of headwinds in coming months.


The President’s speech, broadcast throughout China on all major state media platforms, hailed the government’s progress in 2018, including pushing through 100 significant reform measures.

“The world has seen a China whose reforms and opening up have gathered speed…” said Xi. “Our pace of reforms will not stagnate, and the door to opening up will widen further.”

Xi has persistently voiced his backing for further reform and increased market access for foreign business, particularly as the Communist Party celebrates the 40th anniversary of economic reforms under Deng Xiaoping. Many overseas entities remain frustrated, however, with what they perceive to be a lack of concrete progress in these areas."
Antwort auf Beitrag Nr.: 59.486.148 von Popeye82 am 21.12.18 05:31:52Local governments allowed to issue debt earlier, than usual, to lift demand
on: January 02, 2019In: Banking & Finance, Brief, Law & RegulationTags: No Comments
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"China’s top legislature has agreed to let local governments use up part of their annual bond quotas ahead of the usual schedule, in another bid to aid funding for important state-run projects.

The Standing Committee of the National People’s Congress (NPC) signed a bill allowing local governments to issue Rmb 1.39 trillion ($209 billion) in bonds before the general meeting in March where quotas are usually approved, according to Caixin. This concession may be re-implemented each year through 2022.

By waiting until the March session to begin issuances, local governments usually hand out the majority of their bond quotas in the second half of the year. Beijing, meanwhile, is keen to accelerate the process amid a slowdown driven partly by weaker credit growth.

Many local governments are facing challenges in raising new funds for infrastructure projects which make up a key component of domestic activity. Authorities are handling piles of debt while some major revenue streams, such as land sales, are being impacted by the slowdown. "
I was born in a (little) TENT





"China’s Xi Urges Self-Reliance Amid Change ‘Unseen in 100 Years’ - Chinese President Xi Jinping stressed self-reliance amid “changes unseen in 100 years,” as the country faced an economic slowdown and a more confrontational U.S. under President Donald Trump. In his annual New Year’s Eve address, Xi stressed China’s capacity to weather the storm, citing a series of industrial and technological achievements in 2018. He said the government would keep growth from slowing too quickly and follow through on a tax cut as part of an effort “to ease the burden on enterprises.”, reports Bloomberg; "

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Home Brief Xi tells Trump China ready to work together on G20 terms
Xi tells Trump China ready to work together on G20 terms
on: January 02, 2019In: Brief, Economics & Trade, Politics & SocietyTags: No Comments
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"China hopes that it can work alongside the US to put into action the “important consensus” reached at the G20 summit in November, President Xi Jinping told his US counterpart this weekend, suggesting greater efforts to make progress in thawing trade tensions.

In a call to celebrate 40 years of diplomatic relations between the two countries, Xi told Trump that he “hopes that the two teams will meet each other half way, work hard, and strive to reach an agreement that is mutually beneficial and beneficial to the world as soon as possible,” according to China’s foreign ministry.

Trump also praised the direction of talks with Beijing, writing on Twitter that “the deal is moving along very well. If made, it will be very comprehensive, covering all subjects, areas and points of dispute. Big progress being made.”

The two sides agreed to a 90-day truce period during which no further tariffs will be levied on each other’s imports. The US has maintained that it intends to go through with plans to raise tariffs on $200 billion of Chinese goods to 25% once the window closes on March 1."
Antwort auf Beitrag Nr.: 59.518.270 von Popeye82 am 28.12.18 06:35:35China’s factory activity shrinks, for first time in two years
on: January 02, 2019In: Brief, Economics & Trade, ManufacturingTags: No Comments
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https://chinaeconomicreview.com/chinas-factory-activity-shri…

"The manufacturing sector continued to weaken as 2018 came to a close, according to a key monthly gauge, with indicators such as output and new orders signaling that China’s economic slowdown will likely extend well into the new year.

The official Purchasing Managers’ Index (PMI) dropped 0.6 points to 49.4 in December, beneath the 50 level that demarcates expansion from contraction. This was the lowest reading since the start of 2016, and fell short of the market expectation of 49.9.

The sector was already on a months-long run of slowing growth. In November, industrial output grew by the smallest margin in nearly three years. The total output sub-gauge last month slipped further to 50.8 from 51.9.

New orders – considered a good gauge of the sector’s future health – dipped to 49.7 amid a general lull in global demand.

The unofficial Caixin PMI, which tends to focus more on smaller- and medium-sized businesses, also weakened in December to 49.7 from 50.2, reflecting a “deterioration in overall operating conditions”, according to the release.

The non-manufacturing PMI was more upbeat, rising to 53.8 from 53.4. This may indicate that services, which account for over half of the Chinese economy, are already feeling the benefit of government stimulus measures aimed at boosting the private sector."










www.heise.de/newsticker/meldung/Kuenstlicher-Mond-soll-ueber…


" Künstlicher Mond soll über China leuchten

Sonnenlicht auch nachts nutzen? Das will die Millionenstadt Chengdu mit einem riesigen Spiegelsatelliten möglich machen.
Von Michael Radunski
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Künstlicher Mond soll über China leuchten

Chengdu im Licht des richtigen Mondes.

(Bild: Wang / Fotolia)
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Die Idee klingt einleuchtend: Nachts scheint nur der Mond kostenlos. Warum also nicht einen eigenen Mond erschaffen und als Lichtquelle nutzen? Genau das will die chinesische Millionenmetropole Chengdu machen. Ab 2020 soll ein Satellit einen künstlichen Mond simulieren und die Stadt im Südwesten Chinas nachts beleuchten.

Der künstliche Mond soll achtmal heller sein als der echte, was ausreichen würde, um die Straßenbeleuchtung der gesamten Stadt zu ersetzen, sagte Wu Chunfeng, Vorsitzender des Chengdu Aerospace Science and Technology Microelectronics System Research Institute, der Zeitung „China Daily“. Man habe vor Jahren mit Tests begonnen, und nun sei die Technik ausgereift, erklärte Wu.
Fake Moon gegen 170 Millionen Dollar Stromkosten

Der Mond-Satellit könne ein Gebiet von bis zu 80 Kilometern Durchmesser erhellen. Chengdu würde damit rund 170 Millionen Dollar Stromkosten im Jahr sparen. Über die Abmessungen des „Fake Moon“ machte Wu keine Angaben. Sollte alles nach Plan laufen, würde man bis 2022 drei weitere Mond-Satelliten ins All schießen.

„Ein idealer Spiegel, also absolut flach und mit einem Reflexionsvermögen von 100 Prozent, könnte in der Tat die Nacht zum Tag machen“, sagt Farid Gamgami vom deutschen Satellitenhersteller OHB System. „Aber es gibt etliche Probleme, angefangen bei der Größe des Reflektors.“ Der Raumfahrtingenieur überschlägt, dass man für eine Metropole wie New York City mit einer Fläche von 783 Quadratkilometern eine Reflexionsfläche von mindestens 31 Kilometern Durchmesser benötige. In Chengdu wäre die Fläche sogar über 5000 Quadratkilometer groß, wenn man die 80 Kilometer Durchmesser zugrunde legt.
5000 Quadratkilometer Spiegelfläche benötigt

„Eine solch gigantische Konstruktion wurde im Orbit noch nicht ausgesetzt“, sagt Gamgami. „Die damit verbunde-nen Technologien wie entfaltbare Strukturen oder die Lageregelung solch gigantischer flexibler Flächen befinden sich noch in den Kinderschuhen.“ Zum Vergleich: Die japanische Raumfahrtagentur Jaxa erprobte 2010 erstmals ein Sonnensegel, dessen Fläche damals als riesig galt. Sie betrug 194 Quadratmeter.

Roger Förstner, Institutsleiter für Raumfahrttechnik der Bundeswehr-Universität München, sieht vor allem im Austarieren des „Fake Moon“ ein Problem. „Wenn es kein geostationärer Punkt über dem Äquator ist, bedarf das Zusammenspiel und die Anordnung von Satellit, Sonne und Stadt einer sehr komplizierten und zudem kontinuierlichen Nachjustierung.“
Schlafstörungen inklusive

Um zur Beleuchtung zu dienen, müsste der künstliche Mond zudem ein gleißend helles Licht zur Erde werfen. In dem Fall befürchtet Astrid Orr von der European Space Agency ESTEC negative Auswirkungen auf nachtaktive Tiere und Menschen. „Viele klagen schon jetzt über die steigende Lichtverschmutzung in den Städten“, sagt Orr.

Bislang ist nicht bekannt, ob die chinesische Regierung das Vorhaben genehmigt. Neben den technischen Schwierigkeiten gibt es für das Projekt aber auch ein ganz profanes Problem: Wolken, die den Himmel verdecken.

Mehr zu neuen Technologieprojekten lesen Sie in der aktuellen Januar-Ausgabe von Technology Review (im gut sortierten Zeitschriftenhandel und im heise shop erhältlich). (anwe)"

www.zeit.de/gesellschaft/schule/2018-12/smart-uniform-schulu…


"Smart-Uniform: Chinesische Schulen überwachen Schüler per Uniform; in einigen chinesischen Schulen müssen die Schülerinnen und Schüler vernetzte Uniformen tragen. Das soll sie vor Gefahren schützen – dient aber vor allem der Überwachung.

Von Daniel Tautz
21. Dezember 2018, 20:45 Uhr 432 Kommentare


Smart-Uniform: In einigen chinesischen Schulen werden die Schüler mit Gesichtserkennung und vernetzten Uniformen überwacht.
In einigen chinesischen Schulen werden die Schüler mit Gesichtserkennung und vernetzten Uniformen überwacht. © Stringer/Reuters

An fast allen chinesischen Schulen gehören Schuluniformen zum Alltag. In mehr als zehn Einrichtungen im Süden des Landes werde dies mittlerweile zur Überwachung der Schülerinnen und Schüler genutzt, berichtete die chinesische Zeitung Global Times. Dafür seien die Uniformen digital mit den Kontrollinstrumenten der Schulen vernetzt.

Dem Bericht zufolge funktioniert dies über zwei eingenähte Chips. Diese erfassen permanent den genauen Standort eines Schülers – und wissen somit auch, wann die Person die Schule betritt oder verlässt. Diese Daten würden automatisch an die Eltern und Lehrer gesendet, sagte Schulleiter Lin Zongwu, an dessen Schule die Uniformen zum Einsatz kommen. Und blieben die Schülerinnen dem Unterricht fern, werde automatisch ein Alarmsignal ausgelöst.

Um einen Missbrauch durch die Schülerinnen und Schüler zu verhindern, sind die Uniformen der Global Times zufolge außerdem mit den Überwachungskameras der Schule gekoppelt. Jede Uniform sei mit dem Gesicht des Besitzers verknüpft und erkenne sofort, wenn Schüler untereinander die Jacken tauschten. Auch in diesem Falle gebe es ein Alarmsignal.

Kritiker bemängeln die permanente Überwachung der Schüler – auch außerhalb der Schulzeiten. Doch Schulleiter Lin weist die Vorwürfe zurück. Nach dem Unterricht werde der Aufenthaltsort der Schülerinnen nicht mehr verfolgt, sagte er. "Aber wenn eine Person fehlt oder den Unterricht schwänzt, kann sie über die Uniform gefunden werden." Seit 2016 nutze seine Schule bereits die intelligenten Uniformen – seitdem habe sich die Anwesenheitsquote der Schüler bereits deutlich verbessert. "
"Trump Expresses Optimism for China Deal With Ties at Crossroads - President Donald Trump reported “big progress” in trade talks with his Chinese counterpart Xi Jinping, providing an optimistic start to what could be a make-or-break year for ties between the world’s two largest economies. The two presidents spoke at length by telephone Saturday, with each expressing satisfaction with trade talks initiated after their meeting earlier this month in Argentina. Trump said in a tweet that negotiations were “moving along very well” toward a comprehensive deal, while Chinese state media said Xi believed both sides wanted “stable progress.” The call -- coming just three days before the 40th anniversary of the U.S.’s establishment of formal ties with China -- underscored the stakes for talks. Trump’s efforts to challenge Beijing on trade over the past year have dredged up a wide range of grievances and fueled concerns that the relationship is heading into a prolonged period of confrontation, reports Bloomberg; "
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China’s industrial profits fall, for first time in three years
on: December 28, 2018In: Brief, Economics & Trade, ManufacturingTags: No Comments
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https://chinaeconomicreview.com/chinas-industrial-profits-fa…

"Earnings data at Chinese industrial companies showed that profits were lower in November than a year previous – the first fall since late 2015 as firms brace for a prolonged economic slowdown.

Industrial profits declined 1.8% year-on-year last month, snapping back from 3.6% growth in October. According to the Financial Times, investment bank Goldman Sachs estimate that the fall was even sharper when seasonally adjusted, from 7.2% in October.

Weakening demand, both within China and globally, is pushing businesses to hold back on investment, say analysts.



The gloomy figures are also likely to have been affected by China’s relatively low inflation as a result of slowing credit growth, softening nominal profit growth for industrial firms."
Beijing releases details of draft foreign investment law
on: December 28, 2018In: Brief, Economics & Trade, Law & Regulation, Property, Tech, Media & TelecomTags: No Comments
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"The full text of the government’s recently drafted foreign investment law says that China will ensure equal treatment of foreign firms operating in its borders and protection of their intellectual property, as policymakers seek to appease Western grievances.

The law will ban mandatory technology transfers from foreign companies and prohibits government intervention in the day-to-day running of foreign-owned companies, reports the SCMP.



Under the new framework, overseas-listed firms will be able to raise funds by issuing stocks and bonds, and will be not face capital constraints sending income abroad.

The draft also reserves to China the right to take responsive measures if Chinese firms face discriminatory treatment overseas, and will apply increased scrutiny to any foreign investment with national security implications.

The new law is under public review until February 24, before which the US and China are set to meet in Beijing for another round of trade talks."
China warns financial research companies against market speculation
on: December 27, 2018In: Banking & Finance, Brief, Economics & Trade, Law & Regulation, MarketsTags: No Comments
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"The Cyberspace Administration of China (CAC), which regulates all areas of China’s online activity, has published new regulations for domestic financial info providers, which it fears are adding to instability in the country’s slowing economy, Reuters reports.

The new rules, to take effect Feb. 1, stipulate that info providers must not distort Chinese fiscal and monetary policies, disturb economic order or to harm the nation’s interests, according to a CAC statement. They are also banned from publishing stories that could move stock, fund, futures and foreign exchange markets.

The government is concerned about companies offering financial analysis, financial trading and financial decision-making, the CAC said. Those which breach the regulations will be “condemned publicly” and “ordered to rectify” their misbehaviour, according to the statement.

“(They) have brought an impact on the economic and financial stability, and should be addressed immediately,” said CAC."
World Bank cuts China 2019 growth forecast, to 6,2%
on: December 21, 2018In: Brief, Economics & Trade, Investment, Politics & Society, Transport & LogisticsTags: No Comments
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"Economic growth in the world’s second-largest economy is poised to slow to 6.2% next year from 6.5% at the end of this year, according to a report by the World Bank, as the drag from China’s economic concerns becomes clearer in coming quarters.

“Looking ahead, China’s key policy challenge is to manage trade-related headwinds while maintaining efforts to limit financial risks,” the bank said.

The report highlighted consumption as the key driver of China’s economy next year, and said that weaker credit growth, slower investment and flagging global demand will be among the most major headwinds facing Beijing.

“To stimulate the economy, fiscal policy could focus on boosting household consumption rather than public infrastructure,” the bank wrote. The government could also further cut business taxes, the report read, as officials have already suggested are in store for next year."
More Chinese cities roll back housing market curbs
on: December 21, 2018In: Brief, Law & Regulation, PropertyTags: No Comments
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"More local governments are lifting previously-installed property cooling measures, Caixin reports, adding weight to claims that the slowing economy is prompting Beijing to take more serious action.

Guangzhou, capital of Guangdong province, lifted one key measure introduced in March 2017 banning property developers from selling new apartments built on commercial land to individuals, who make up the bulk of new buyers. The rule no longer applies to developers who bought the land before March 30 of last year.

The measure had a sizeable impact on the city’s heated property market. Since it took effect, the supply of unsold new apartments built on commercial land jumped to 28,000 units from 16,000, according to property research company CRIC.

Earlier this week Heze became the first Chinese city to quietly undo restrictive policies on its housing market. New homeowners no longer have to wait three years before reselling – a practice that previously raised fears of speculation."
US warns multilateral banks of growing Chinese influence
on: December 21, 2018In: Banking & Finance, Brief, Economics & Trade, Investment, Politics & Society, Transport & LogisticsTags: No Comments
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"Senior officials from the US Treasury have raised the alarm that multilateral institutions such as the World Bank are at risk of being undone by subversive and predatory behaviour from Beijing, the Financial Times reports.

Top Treasury official on international affairs David Malpass said at a congressional hearing that China has made “substantial inroads” into the multilateral development banks (MDBs) that are shifting decisions in favour of its geopolitical ambitions.

Malpass referenced Chinese funding of a World Bank report due next year that would “help promote and shape” Beijing’s massive foreign development project – the Belt and Road Initiative.

Another Treasury spokesperson said that MDBs ought to be “judicious in choosing national initiatives with commercial and strategic underpinnings” and be wary of China’s investment practices."
Capital market reform to be central focus of next year’s policy, say regulators
on: December 21, 2018In: Banking & Finance, Brief, Law & Regulation, MarketsTags: No Comments
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"Government watchdogs hope to improve the legal framework of China’s capital markets and reduce state intervention in 2019, according to early reports from the annual Central Economic Work Conference.

One official source told Bloomberg that attendees reached a consensus on the reforms and stressed a greater role of the Financial Stability and Development Committee (FSDC).

China has been testing different means of attracting foreign investors to its onshore markets, which have had a woeful 12 months. A better legal framework, closer in line with international standards, and less government meddling would give confidence to those investing from overseas.

China’s central bank also issued a statement on Thursday at a different meeting held by state regulators, suggesting a heightened urgency to push through reform.

“Central authorities have made clear that China must build a market-oriented, rules-based capital market, and that financial departments must speed up their work,” said a statement from the meeting. “Reform will focus on improving the quality of listed firms, strengthening their governance and making the delisting process more strict.” "


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