Manufacturing investment will expedite efforts to move up the ladder China's new manufacturing fund will provide impetus for the nation's industrial restructuring, and help it better pursue high-quality growth, experts said. The comments came after China announced the second phase of its national advanced manufacturing investment fund, with a size of 50 billion yuan ($7.12 billion). Meanwhile, 13 ministry-level departments have jointly rolled out new measures to boost the nation's manufacturing design capabilities, in the hope of expediting companies' efforts to move up the global industrial value chain. Qin Hailin, a senior industrial economy researcher at the China Center for Information Industry Development, said one of the top priorities for China's sprawling manufacturing sector is to promote the in-depth synergy of technological advances with industrial production and management. "Artificial intelligence and 5G will complement each other to function as a sound digital … [Read more...] about Fund to boost industrial restructuring
When boost kicks in
The pop icon will headline the OnePlus Music Festival in the city.Rediff.comIMAGE: Katy Perry and Jacqueline Fernandes interact with reporters ahead at a press conference in Mumbai. Photograph: Kind courtesy Edelman American singer Katy Perry arrived in Mumbai on Tuesday morning, three days ahead of her performance as the headlining act of the first edition of the OnePlus Music Festival. The concert will take place on Saturday November 16 at the D Y Patil Sports Stadium in Nerul. Pop Star Katy Perry arrived in the city for her performance this weekend and says she's excited to indulge in "all things Indian", including discovering shopping streets and partying with Bollywood celebrities. The Roar hitmaker will perform at the DY Patil Stadium on November 16 as part of the OnePlus Music Festival. IMAGE: Jacqueline Fernandes will host the OnePlus Music Festival which Katy Perry will be headlining. "I'm excited to watch some of the other people performing. I'm totally … [Read more...] about Pix: What’s Katy Perry doing in Mumbai?
The excited and murmuring crowd at The Bar in Novotel Hyderabad Convention Centre is mostly made of bartenders who have come to learn a thing or two about honest bartending from British bartender Chris Moore, who is currently on tour with World On A Plate. He had just finished his first leg in Delhi at the Playground JW Marriott.The 35-year-old is behind the bar-top, wearing a blue apron with the name ‘Coupette’ in white. He coolly surveys the crowd briefly before kicking off the masterclass – more a seminar. His voice, though low, commands an otherwise-noisy room. After ages, it is refreshing to see India host talks with someone who is not a liquor brand ambassador. A legacy in store from CoupetteHe starts by describing Coupette, his brainchild bar in London’s Bethnal Green. The bar was brought to life in 2017 and is an amalgam of Chris’ bartending philosophy and elements from his hometown of Coventry and his inkling for French culture “but not in … [Read more...] about Chris Moore, director of London bar Coupette, takes a trip around India
Listed technology firms 'would be the biggest beneficiaries' of revised rules China's top securities regulator has relaxed financing rules for listed companies, a move that will help to broaden companies' funding channels and address their financing difficulties amid slower economic growth, analysts said. While the new measures are likely to drain market liquidity and cause stock prices to decline in the short term, the relaxed rules will make it easier for companies to obtain capital and improve their long-term asset quality and profitability, they said. The China Securities Regulatory Commission announced on Friday a number of draft revisions on the refinancing rules for companies listed on the main boards in Shanghai and Shenzhen as well as the startup board ChiNext and the science and technology innovation board, which is also known as the STAR Market. The CSRC lowered the minimum price requirement for listed companies to sell shares through private placement and shortened the … [Read more...] about Regulatory easing to bolster asset quality
Fourth phase to enhance Guangzhou's role in Belt and Road, Greater Bay Area The fourth phase of Nansha Port will accelerate the development of Guangzhou and make Guangdong's provincial capital a major global shipping center, industry insiders said. The port is projected to be completed and begin operations in 2021. The fourth phase, which kicked off in December, will be built along a coastline of more than 1,460 meters long at the mouth of the Pearl River. It will include four deep water container berths. Two of the berths will be able to handle 100,000-ton vessels and the other two will be for 50,000-ton vessels, said He Yeke, general manager of the Fourth Phase Construction Project of Nansha Port. Twelve new piers are also part of the project, with each capable of stocking more than 3,000 metric tons of containers or cargoes. The cost of the fourth phase in the project is expected to reach about 7 billion yuan ($1 billion), He said. The official said a lot of advanced technologies … [Read more...] about Nansha Port expansion to be completed in 2021