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technology exported from China, and the products will supply Indonesia's national electric power co

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mpany.Deng Shaokun, official with ▓Gold Cup Electric, said the company has done research in In▓donesia and gained ample knowledge about the country's electronic cable market.If cooperation goes smoothly, Gold Cup Electric will increase its investment and ext▓end its presence

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in Indonesia, he said. Please scan the QR Code to follow us on InstagramPlease scan the QR Code to

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follow us on WechatChina to strengthen authentification checks on companies going abroadChina to strengthen au

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thentification chec▓ks on companies going abroadChina to strengthen authentification checks on companies going abroad01-04-2017

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08:24 BJTSenior Chinese Commerce officials are warning of increased scrutiny this ▓year of Chinese companies planning to i

nvest abroad as part of the attempt to stop illicit capital outflows.Zhou Liujun, director of the Commerce Ministry's Overseas Investment Department, says new regulations are being drafted which will have Chinese companies looking to invest abroad undergo stri

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cter authentification checks."Our first move is to increase our auth▓enticity checks. Companies which can prove their overseas inve▓stments are legitimate will be given help in making their investme

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nts abroad. The second step is to improve our services to help fend off risks."The move comes amid concerns companies may try to skirt capital outflow restrictions through overseas investm

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ents which have little or no value to the company itself.▓The concerns are being prompted by the continued decline in the value of the renminbi against the▓ US dollar, which most observers expect is going to continue this ye▓ar as the US Federal Reserve moves to increase interest rates.There are concerns that by increasing the oversight of overseas investments, Chinese companies might be▓come reluctant to make moves abroad.Zhou Liujun says companies which are legitimately attempting to expand their reach on the international market n▓eed not worry."We will al

ways support companies who wan▓t to compete on the global stage. We want to help give them the capability and competence they can gain by increasing their international cooperation while movin▓g up the value chain. We want these companies to perfo▓rm well."Overseas investments by Chinese companies increased rapidly this ▓past year.Official data shows non-financial outbound direct inv▓estment increased by over 55-percent year on year through the first 11-months of last year▓, exceeding 160 billion U.S. dollars.Huang Xueqi, former director of the Chinese Chamber

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the overall reputation of Chinese companies abroad."At the moment, not only in developed countries but also in devel

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oping countries, Chines ent▓erprises have increasingly shown their presence. And with the central g▓overnment's 'bel

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t and road' initiative, their investment are expanding and the quality is improving, which shows huge potential for

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growth in the future.▓ "In issuing its policy directives for 2017, the Chinese Commerce Ministry says it intends to

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help increase foreign trade, promote global in▓vestments and step-up risk prevention in key commercial areas.Pleas

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e scan the QR Code to follow us on InstagramPlease scan the QR C▓ode to follow us on WechatChinese innovations solidi

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fy its importance in global tech industry: Gary ShapiroChinese innovations solidify its importance in global tech industry: Gary ShapiroChinese innovations solidify its importance in global tech industry: ▓Gary Shapiro01-04-2017 07:16 BJTGary Shapiro, president of the U.S. Consumer Technology Association (CTA), said he was impresse▓d by Chinese innovations in the

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consumer technology industry, from drones and smartphones to innovative mobile services, etc.China's importance in global consumer technology industry is not ▓only reflected by its strong manufacturing, but also its increasing engagement in innovative new areas, Shapiro, also CTA chief executive officer, told Xinhua in a recent interview.In

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regard to China's rising importance ▓in technology innovation, international media widely reported that some western tech companies are turning to Chinese firms for ideas. A New York Times report even said that "th▓e trope that China copies the U.S. hasn't been true for years, and in mob

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ile it's the opposite: the U.S. often copies China."Although Shapiro noted that companies across the world are learning from each other in terms of innovation, he emphasized that China is increasingly getting into innovative▓ new areas, such as drones, smartphones and services like Wechat."Wechat is an exce▓llent platform in terms of what it does for Chinese citizens,

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not only to communicate, but to pay for services, and to do so many different things both as social media and for business transactions that makes life easy," Shapiro said.He and his team used Wechat, a mobile communication app devised ▓by China's technology giant Tencent, as their off


icial communication vehicle in Consumer▓ Electronic Show (CES) 2016, the annual bazaar of the latest electronic gadgets and technology hosted by the CTA.At this year'▓s CES, which will take place in Las Vegas, Nevada, from Jan. 5 to 8, more than 3,800 companies ac

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s Group, to deliver a keynote speech at this year's CES. It's the second time that the CES had a Chinese company CEO to do keynoting."Huawei is such an important growing company, not only in China but globally," said Shapiro. "The keynote platform, w▓hich is considered one of the most desirable in the world for any business executive, is appropriate for such an important company to deliver the mess

age we look forward to hearing."At CES 2016, one of the headline n▓ews was that a Chinese company was accused of violating a U.S. company's patent a▓nd was raided by federal agents. However, the American company quietly dropped the case a month later. Many Chinese compan▓ies believed the purpose of the American company was to prevent its Chinese competitor from displaying its product at the CES.Shapiro told Xinhua he was not

clear about the case, but stressed that C▓hina and the U.S. agreed on the importance of intellectual property protection and both Chinese and American companies should protect their innovations and follow the intellectual pro▓perty laws and patent laws.He suggested Chinese companies should make sure their patents are "strong" and "legitimate", because the patent and IP are ve

ry important in the world of electronics and technology.In regard to media reports that dozens of booths reserved b▓y small Chinese companies were forced to close because of violating the CES rules in 2016, Shap▓iro said that "I'm sure it happened with two or three companies" which didn't follow the booth-sharing rules at th▓e CES, and stressed that the CES treats all the companies the same, including Chinese companies.With t

he election of Donald Trump as the new U.S. president, uncertainty around China and U.S. economic relations is risin▓g. "I will not say there will be a harsh business environment" for Chinese tech co▓mpanies who want to invest in U.S., said Shapiro.He said Trump has a range of policy choices and he hoped that the President-elect would introduce favorable policies to incentivize companies, including Ch

inese ones, to manufacture in U.S.This year marks the 50th anniver▓sary for CES. According to Shapiro, the CES 2017 will be the largest show ever. In addition to major growth in categories like wearables, drones and self-driving cars, the CES will also showcase new categories, such as sport▓s technology, health, beauty, and baby care."We're liv▓ing in a world where technology is part of our everyday life," the CTA president s

tressed.Pleas▓e scan the QR Code to follow us on InstagramPlease scan the QR Code to follow us on WechatFeature: Chinese company builds 'dream bridge' for BangladeshisFeature: Chinese company builds 'dream bridge' for Banglad▓eshisFeature: Chinese company builds 'dream bridge' for Bangladeshis10-13-2016 17:00 BJTDHAKA, Oct. 13 (Xinhua) -- Some 40 km southwest of the Banglad

eshi capital of Dhaka, several cranes colored in bright red are operating on ▓a vast river stretching to the horizon under the scorching sun.In two y▓ears, a multipurpose road-rail bridge which local residents dub as "a dream come true" will span over the Padma River to link the northeast and sou▓thwest of Bangladesh. The 6.15-km-long complex, undertaken by a Chinese company, is the largest and most challenging infrastructure

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▓ project in the country's history.Cargo ships and ferries carrying Bangladeshi workers wearing green and blue helmets are crisscrossing the wor▓ksite, where several bridge pillars are standing in the vast water.Ferries are the most common me▓ans of transportation in Bangladesh, which is slightly smaller than the U.S. state of Iowa but is home to 250 rivers. The low-lying So

uth Asian count▓ry with underperforming infrastructure has an appalling record of ferry accidents, with casualties sometimes running into the hundreds.The inland waterways, ma▓king transportation of both people and goods costly and time-consuming, have become a barrier▓ to economic development of Bangladesh, which is listed by the United Nations as one of the least developed

countries but has been striving to become a country of middle income.T▓hat is why the Padma Bridge is as fabulous as a dream for the Bangladeshis, Ran Xiaolin, depu▓ty project manager of the China Major Bridge Engineering Company, told Xinhua on Wednesday.Ran's company began building the brid▓ge at the end of 2015, several months after it won the contract. In testimony to i

ts significance, Bangladeshi Prime Minister Sheikh Hasina attended the launching ceremony.The 3-billion-U.S.-dollar bridge, co-funded by Dhaka ▓and Beijing, will shorten the travel time between the capital and the southern city of Khulna from the current 13 hours to only three ho▓urs and a half, Ran said."Transportation between the capital and the 21 districts in southern B

angladesh by ferry will become history," said Ran, a veteran engineer who is now over 50 years old and moved his whole family to Bangladesh 16 years ago.The bridge is expected to pro▓mote trade and economy of Bangladesh, which, according to a World Bank report, has the▓ potential to end extreme poverty by 2030."The project ha▓s already helped create jobs by employing thousan

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ds of Bangladeshis," Ran said.Moreover, the project, as part of the China-proposed Belt and Road Initiative and the Bangladesh-China-India-Myanmar Economic Corridor,▓ is expected to have a lasting impact beyond the co▓untry by increasing trade, tourism and investment.Bangladesh is strategically located between China, India and Southeast Asia, making it well placed to become a trading and manufacturing hub, experts s

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