Author: xjadmin

The restructuring plan of Bubugao Commercial Chain Co., Ltd. has made substantial progress. On the evening of July 1st, Bu Bu Gao announced that Bu Bu Gao and its fourteen subsidiaries had received civil rulings from the Xiangtan Intermediate People’s Court, approving the restructuring plan of Bu Bu Gao Co., Ltd. and its fourteen subsidiaries, and terminating the restructuring process of Bu Bu Gao Co., Ltd. and its fourteen subsidiaries. Obtaining approval from the court’s ruling means that Bu Bu Gao Shares has entered the execution stage of the restructuring plan. On the same day, Bu Bu Gao also disclosed the restructuring plan approved by the ruling.

As of the close, the Dow Jones Industrial Average rose 0.13%, the Nasdaq rose 0.83% to a new closing high, and the S&P 500 index rose 0.27%. Most Chinese concept stocks rose, with the Nasdaq China Golden Dragon Index rising 0.79%.

On the Dragon and Tiger List on July 1st, a total of 22 stocks showed institutional presence, with 12 stocks showing net institutional buying and 10 stocks showing net institutional selling. On that day, the top three stocks that institutions net bought were Jinlang Technology, Hubei Yihua, and I Love My Family. The top three stocks sold by institutions on that day were Jinyi Technology, Igor, and Kaizhong Precision.

On June 30th local time, a US opinion poll showed that nearly half (46%) of Democratic voters believe that current US President Biden should not continue to participate in the upcoming US presidential election in November, an increase of 10 percentage points from February this year. Meanwhile, 54% of Democratic voters still believe that Biden should continue to run.

Two US officials said on June 30th that due to concerns about possible attacks on US military personnel or facilities, multiple US military bases in Europe have recently entered a state of high alert, and the protection level of troops has been raised to the second highest level.

At 20:00 local time on June 30th (2:00 Beijing time on July 1st), the first round of voting for the French National Assembly elections ended. The preliminary vote count shows that in the first round of voting, the far right National League received 33% of the votes; The left-wing coalition “New People’s Front” received 28.5% of the vote; The ruling party, the Renaissance Party, and the centrist coalition together received 22% of the vote.

On June 30th, Israeli Prime Minister Netanyahu stated at the weekly government cabinet meeting that Israel supports the ceasefire plan proposed by US President Biden on May 31st to ensure the release of detainees, and stated that “Hamas is the only obstacle to our release of hostages.”. Netanyahu also stated that Israel will use political and military means to release all Israelis currently detained in Gaza. In addition, Netanyahu reiterated that Israel will not end the current battle until all goals are achieved.

On the evening of June 30th local time, South African President Ramaphosa delivered a televised speech at the Presidential Palace in Pretoria, officially announcing the cabinet list for the new National Unity Government. This cabinet reshuffle aims to achieve national unity and stability through multi-party cooperation.

On the evening of June 30th, the official website of private steel giant Shagang Group was turned black and white, and an obituary was issued: Shen Wenrong, Chairman of Shagang Group’s Board of Directors, passed away at 2:10 am on June 30th, 2024 due to ineffective medical treatment, at the age of 78.

On the evening of June 30, Kweichow Moutai official account released news that Wang Li, the deputy secretary of the Party Committee and general manager of Maotai Group, led a team to carry out market research in Shanghai, Zhejiang, Jiangsu, Beijing, etc., and on June 28 and 30, organized a market working meeting in Nanjing and Beijing for the three provinces of Jiangsu, Shanghai and Anhui, and seven provinces and regions of Beijing, Tianjin, Hebei, Inner Mongolia, Heilongjiang, Jilin and Liaoning. The meeting pointed out that although the current situation is more complex, Maotai has stronger core competitiveness, better market channel ecology, and greater resilience in risk prevention. It has confidence, strength, and ability to overcome this cycle.

A few months ago, Yisidan Department Store in Meilong Town issued a notice of termination of business, stating that due to the expiration of the lease of Yisidan in Meilong Town, Shanghai, it will terminate its operations on June 30, 2024. According to on-site observations by Yicai, the discounts on products are relatively high, ranging from 10% to 10% off. Most products are between 40% and 60% off, and some products have discounts as low as 1% to 20% off. Products with discounts between 1% and 20% off are mainly jewelry.

According to Wind data, there were 4.546 billion restricted shares and a market value of approximately 70.515 billion yuan this week, both of which have increased compared to last week. The market value of restricted shares in companies such as Lehman Optoelectronics, Baiyang Pharmaceuticals, and Shuiyou Shares has all exceeded 8 billion yuan. In addition, the total number of restricted shares listed in July was 19.847 billion shares, with a market value of approximately 286.249 billion yuan based on the closing price on June 28th.

According to Wind data, there will be one new stock issuance this week, and Qiao Feng Intelligence will issue it on July 1st. According to the data, the number of shares issued by Qiao Feng Intelligence in this public offering is 30.19 million, with an issue price of 26.5 yuan per share. In addition, there are two convertible bond issuances, with Tairui Convertible Bond and Liyang Convertible Bond both subscribed on July 2nd.

In June, 106 companies planning to go public have terminated their IPOs (including termination of review, failure to pass review, termination of registration, etc.), setting a historical high for the number of project withdrawals in a single month. Affected by factors such as the continuous increase of cancelled companies and the vacancy of newly accepted companies for six months, the number of IPO queuing companies is rapidly shrinking. According to Wind data, as of now, there are 467 companies in the IPO queue, which is more than half of the 961 companies in the same period last year.

At Kribi Deepwater Port in Cameroon, a gantry crane over ten meters high is lifting cargo for a 10000 ton cargo ship; In Mbale, Uganda, workers are building local brands in the Central Umale Industrial Park; In Zambia’s Qianbixi Copper Mine, “digital mining” drives technological innovation in the local mining industry

In recent years, China and Africa have complementary advantages and fruitful achievements in industrial cooperation. The cooperation between the two sides aims to move from “quality” to “new” and continuously takes new steps on the road to building a high-level community with a shared future for China and Africa.

On April 22, 2024, in Kribi, Cameroon, technical personnel worked at the construction site of the Kribi Deepwater Port Phase II project. Xinhua News Agency (Science Popularization Photo)

Empowering industrialization in Africa

Large machinery roars, transport vehicles shuttle back and forth, and nearly a thousand workers are busy working… Located in the southern region of Kribi, Cameroon, the second phase of the deepwater port project, undertaken by China Harbour Engineering Co., Ltd. (China Harbour), is entering its peak construction period.

On the berth of the first phase of Kribi Deep Water Port, which has been put into operation, a 30000 ton cargo ship from Singapore is docked, and a gantry crane over ten meters high is lifting cargo. “The port of Douala, the largest city in Cameroon, is shallow and can only accommodate ships weighing less than 10000 tons. However, it is not a problem to accommodate cargo ships weighing 100000 tons here!” said local engineer Eric.

It is reported that the Kribi Deepwater Port Phase II project is expected to be completed by the end of this year, and two additional berths will be added at that time. The Kazakh government has also planned 15000 hectares of land near the port for the construction of industrial and logistics parks, which have attracted multiple factories and logistics companies to settle in.

The Kribi Rollabe Expressway, also constructed by China Harbour, has been open to traffic for nearly two years. “This road connects the Kribi deep-water port and major cities in the country, which will greatly promote Cameroon’s industrialization process,” said Emmanuel Enganu Jumensi, Minister of Public Works of Cameroon.

To be rich, first build roads. China has participated in the construction of more than 6000 kilometers of railways, 6000 kilometers of roads, nearly 20 ports, and more than 80 large-scale power facilities in Africa… With the support of the the Belt and Road Initiative, China Africa cooperation in infrastructure construction has yielded fruitful results, and the quality of projects is excellent, playing an important role in Africa’s industrial development and economic transformation.

“Africa’s industrialization started late and had a weak foundation. Only by improving infrastructure, promoting connectivity and economic integration, can Africa carry out large-scale industrial production activities and effectively integrate the sales market of industrial products.” said Costantinos, a professor at the University of Addis Ababa in Ethiopia.

Assist in “Made in Africa”

In the early morning, in the industrial town of Mbale in eastern Uganda, local workers in groups of three or five walked through the gate of the Central Umbale Industrial Park and entered various factories to start a new day of work.

This national industrial park is about 200 kilometers away from the capital of Uganda, Kampala. It is invested and operated by Chinese private enterprise Tiantang Group. Since its launch in March 2018, it has attracted more than 40 enterprises to settle in and created more than 5000 job opportunities for the local area.

Home appliances, daily chemicals, home textiles, building materials, pharmaceuticals, automobile manufacturing… Riding in a park covering thousands of acres, the reporter found that the industries gathered here are closely related to the lives of Ugandan people. “Our original intention in building an industrial park is to help fill the gap in Uganda’s important production areas and reduce consumption costs. Currently, the park has incubated multiple local brands of televisions and smartphones,” said Wang Wentong, General Manager of Tiantang Group.

In recent years, the Diamniaju Industrial Park in Senegal, the Leki Free Trade Zone in Nigeria, and the China Egypt Teda Suez Economic and Trade Cooperation Zone… These cooperation parks, in which China has participated in investment, have played a role in attracting investment from African countries, quickly attracting enterprises to build industrial clusters, forming industrial development advantages, and driving the development of manufacturing in African countries, accelerating local industrialization processes.

David Bahati, Minister of Industry of the Ministry of Trade, Industry and Cooperation of Uganda, said that Chinese enterprises and investors in industrial parks operated in Uganda utilize local resources to develop manufacturing, helping Africa China industrial cooperation to continuously reach new heights, which is in line with the goals of the African Union’s 2063 Agenda. “We look forward to these industrial parks nurturing more local African brands and bringing ‘Made in Africa’ to the world!”

Cultivate modern industrial talents

Entering the production digital control center of the southeast ore body of Zambia’s Qianbixi Copper Mine, the operation of various production processes such as mining, excavation, machinery, and transportation can be clearly seen on the large screen. “Even without going down the well, we can still have a deep understanding of the underground dynamics,” said Mverwa Dean, Assistant General Manager of China Africa Mining Co., Ltd. (China Africa Mining).

Zhongse Nonferrous Mine is a company jointly invested and established by China Nonferrous Mining Group and Zambia United Copper Mine Investment Holding Company to redevelop the Qianbixi Copper Mine, which has been closed for more than ten years. In the deep mining tunnels, the roar of machines is incessant, but this “digital mine” no longer relies heavily on manual underground mining. Instead, it is replaced by an integrated computer control system, which uses digital means to achieve controllable production processes and refined business management, helping frontline workers solve safety production problems.

Faced with a new round of global technological revolution and industrial transformation, the development of new quality productivity has become a key engine for promoting high-quality cooperation between China and Africa. Currently, exchanges between China and Africa in the fields of new technology, new energy, and new industries are becoming increasingly close, which is of great significance in helping to improve and upgrade industrial cooperation between China and Africa, cultivating local modern industrial talents, and promoting sustainable development in Africa.

The Luban Workshop in Rwanda was established in collaboration between Zhejiang Jinhua Vocational and Technical College in China and the Rwanda Institute of Technology. In April this year, 30 local students flew to China to embark on a one-year vocational skills learning journey.

“Electrical automation technology is ubiquitous in various fields of modern industry, and studying this major can contribute to the industrialization development of our country,” said Ishimwe Yasher, a third year student majoring in electrical automation, in an interview with reporters before departure

“The importance of talent in innovative development is self-evident,” said Kenyan scholar and former Deputy Minister of Transport, Garrison Ikiyara. In recent years, China has helped many African countries cultivate industrial and technological talents, helping them transform the demographic dividend into development advantages.

This is the first phase of the Kribi Deepwater Port project, filmed on October 22, 2022 in the southern region of Cameroon. Xinhua News Agency (Science Popularization Photo)

This is a photo taken on July 29, 2022 in Kribi, Cameroon on the Kribi Rolabe Expressway. Xinhua News Agency (Science Popularization Photo)

On April 5, 2024, in Mbale City, Uganda, people went to work at the Central Umale Industrial Park. Photo by Xinhua News Agency reporter Li Yahui

On April 5, 2024, two workers conducted product quality inspection in the workshop at the Central Umbale Industrial Park in Mbale, Uganda. Photo by Xinhua News Agency reporter Li Yahui

This is a drone photo taken on March 1, 2024 in a corner of the Leki Free Trade Zone in Lagos, Nigeria. Photo by Xinhua News Agency reporter Han Xu

This is a video screenshot taken on December 4, 2023, of the second phase of the Diamniaju Industrial Park project in Senegal. Xinhua Social Development (provided by Sichuan Road and Bridge Group)

This is a corner of Zhongse Africa Mining Co., Ltd. captured on June 3, 2024 in Kitwe, Copperbelt Province, Zambia. Xinhua News Agency (provided by Zhongse Africa Mining Co., Ltd.)

On June 3, 2024, in Kitwe, Copperbelt Province, Zambia, Zambian employees participated in the training through virtual technology equipment at the Mine Skills Training School of Zhongse Non Mining Company. Xinhua News Agency (provided by Zhongse Africa Mining Co., Ltd.)

On June 4, 2024, in Kitwe, Zambia’s Copperbelt Province, Zambian employees remotely operated underground mining equipment production operations at the digital control center for the production of the southeast ore body at the Qianbixi Copper Mine. Xinhua News Agency (provided by Zhongse Africa Mining Co., Ltd.)

 

Beijing, June 24th (Xinhua) – The Second Senior Officials Meeting of the Horn of Africa Peace Conference was held in Beijing on June 24th. Vice Minister of Foreign Affairs Chen Xiaodong, Special Envoy for Horn of Africa Affairs Xue Bing, representatives from the Ministry of Commerce and the National Agency for International Development Cooperation, as well as senior officials from the Ministry of Foreign Affairs of Ethiopia, Djibouti, Kenya, Somalia, South Sudan, Sudan, Uganda and other countries and their embassies in China attended the meeting.

Chen Xiaodong stated in his opening speech that over the past two years, China has been working together with the countries of the Horn of Africa to focus on the three major goals of “security, development, and governance”, and taking practical actions to promote regional peace and development. China is willing to continue to be a peer partner on the path of peace with the countries of the Horn of Africa, guided by global security initiatives, and building a “great security” pattern with the concept of great peace, striving to be a pioneer in jointly maintaining peace; Continue to be a peer partner on the development path, take the implementation of global development initiatives as the guide, work together to build the “the Belt and Road” with high quality, and strive to be a pioneer of common development; Continue to be a peer partner on the path of justice, actively participate in the reform and construction of the global governance system, uphold international fairness and justice and the common interests of developing countries, and strive to be the pioneer in upholding justice. China is willing to work together with other countries in the Horn of Africa to build it into a corner of peace, development, and prosperity, and jointly build a high-level community with a shared future between China and Africa.

All parties present actively evaluated China’s aforementioned proposals, appreciated the positive results achieved in implementing the concept, and thanked China for its contributions to this end. All parties had in-depth and candid exchanges on the implementation of the next “plan” and the promotion of regional peace and development. They unanimously agreed to focus on five aspects: peace, security, development, cooperation, and governance, and promote more new achievements in bilateral cooperation, better benefiting the people of both sides.

It is reported that the “Concept of Peace and Development in the Horn of Africa” is a “Chinese plan” proposed by the Chinese side in early 2022 to support the peace and development process in the Horn of Africa, aiming to support regional countries in unity and self-improvement, and strive to achieve long-term stability, development and prosperity in the region. With the joint efforts of both parties, the implementation of the concept has progressed smoothly, effectively assisting regional countries in coordinating responses to the three major challenges of security, development, and governance, and has been widely welcomed by regional countries.

Lisbon, June 23 (Xinhua) – Deputy Mayor of Porto, Portugal, Araujo, recently stated that Portugal and China have deep historical, cultural, and emotional ties, and there is great potential for economic and trade cooperation between the two sides.

At an event held in Porto, Alauro said that China is Portugal’s largest trading partner in Asia, and Portugal is one of the countries in Europe that receives the most per capita investment from China. There is still great potential for growth and development in trade and investment cooperation between the two countries. Both sides should strengthen cooperation in areas such as digital industry, green economy, renewable energy, and health industry. Portugal has talent, knowledge, technology, and innovation advantages in these areas.

Chinese Ambassador to Portugal Zhao Bentang and President of the Chinese People’s Association for Friendship with Foreign Countries Yang Wanming delivered keynote speeches, reviewing the history of friendly exchanges with mutual respect and mutual benefit between China and Portugal over the 45 years since the establishment of diplomatic relations. The Director of the Macao Economic and Trade Office in Lisbon, Jia Peier, and the Director of the Hengqin Economic Development Bureau, Li Ziwei, respectively introduced the achievements made by Macao in the 25 years since its return to China and the new opportunities brought by the Hengqin Guangdong Macao Deep Cooperation Zone to China Portugal economic and trade cooperation.

This event was jointly organized by the Chinese Embassy in Portugal, the Porto City Government, the Portuguese China Chamber of Commerce, and the Chinese Enterprise Association. Nearly 100 representatives from the political, economic, academic, business, and media sectors of China and Portugal attended.

Kunming, June 22 (Xinhua) – The 8th China South Asia Expo and the 28th China Kunming Import and Export Fair, jointly hosted by the Ministry of Commerce and the People’s Government of Yunnan Province, will be held in Kunming from July 23 to 28, 2024, according to the Executive Committee of the 8th South China Expo.

It is reported that the 8th South China International Fair will be themed “Unity, Cooperation, and Common Development”, and will strive to achieve “better and better” in accordance with the principles of “frugality, efficiency, and pragmatism”. The exhibition will achieve two “firsts”: to highlight professional attributes and serve economic and trade transactions, it will be the first to divide professional exhibition areas by product category, establish a comprehensive foreign trade service area for the first time, build a worry free platform for trade, continuously deepen and expand the “comprehensive exhibition, professional operation” model, and continuously improve the quality and efficiency of the exhibition, as well as the level of marketization and specialization.

The 8th South China Expo will be held online and offline simultaneously, with 15 exhibition halls and an exhibition area of 150000 square meters set up offline; Build a cloud based Nanbo platform online, hold cloud exhibitions, live broadcasts, and discussions. The exhibition will further play its role as a platform for trade in goods, investment promotion, tourism cooperation and cultural exchange, and promote the high-quality development of the “the Belt and Road”.

Xinhua News Agency, St. Petersburg, June 21 (Reporter An Xiaomeng) The “the Belt and Road” international skills exchange activity was held in St. Petersburg, Russia, on the 20th. A team of skills experts from China and their Russian counterparts shared technology and experience.

The event focuses on projects such as industrial robot system operation, electrical devices, automotive technology, hairdressing, and beauty, aiming to promote mutual learning and learning between China and Russia in vocational education and skilled talent cultivation. Through practical demonstrations, skill training, and other forms, the Chinese and Russian skill teams have enhanced their understanding of both cultures and technologies, laying the foundation for future skill cooperation.

This event, co sponsored by the Ministry of Human Resources and Social Security of China, the National Development and Reform Commission, is a warm-up activity for the second “the Belt and Road” International Skills Competition. The competition will be held in Chongqing from June 24 to 26, and is committed to promoting skills exchange and cooperation among countries jointly building the “the Belt and Road”.

“I am delighted to see a series of fruit wines combining Chinese characteristic fruits and Hungarian brewing techniques gradually industrialized!” Speaking of “Qingka” fruit wine, Haiji Ferenc, a researcher at the Hungarian University of Agriculture and Life Sciences, has a glimmer of hope for the future in his eyes.

On May 27th, in Budapest, Hungary, researcher Heiji Ferenc of the Hungarian University of Agriculture and Life Sciences worked in the laboratory. Xinhua News Agency (Photo by Fergie Otilo)

The story will start from 2019. At that time, a cross-border brewing exchange took place at the “China Hungary Fruit Wine Brandy (Palinka) Research Laboratory” located at Southwest University in Chongqing. Haiji, dressed in a white research suit, earnestly showcased the secrets of Hungarian fruit wine brewing to the teachers and students of the School of Food Science at Southwest University.

With the efforts of researchers from both China and Hungary, local excellent fruits such as citrus, crispy plum, and kiwifruit from Chongqing have been produced into the “Qingka” series of fruit distilled spirits through the exquisite brewing techniques of Hungary. At multiple important foreign affairs events, it has attracted a lot of attention and won widespread praise for its unique taste and aroma.

On May 27th, in Budapest, Hungary, researcher Heiji Ferenc of the Hungarian University of Agriculture and Life Sciences worked in the laboratory. Xinhua News Agency (Photo by Fergie Otilo)

This “special” fruit wine is a microcosm of technological cooperation and cultural exchange between China and Hungary.

Hungary is the first European country to sign the “the Belt and Road” cooperation document with China. In 2017, the comprehensive strategic partnership between China and Hungary was established. In May of the same year, a special institution emerged – the China Hungary Food Science Cooperation Research Center.

The center is jointly built by the School of Food Science at Southwest University and the Institute of Food Science at the University of Agriculture and Life Sciences of Hungary. The establishment of the center not only signifies deep cooperation between the two sides in the field of food, but also builds a new platform for scientific and cultural exchanges between China and Hungary.

On May 27th, in Budapest, Hungary, researchers Heiji Ferenc (former) and Zoran Jolte from the Hungarian University of Agriculture and Life Sciences were working in the laboratory. Xinhua News Agency (Photo by Fergie Otilo)

Recalling the opportunity for the birth of the center, Professor Du Muying from the School of Food Science at Southwest University is full of emotion. In 2003, Du Muying went to Hungary to study under scholarships from both countries. “Years of communication and cooperation have built a deep trust between us and our Hungarian counterparts. In order to strengthen cooperation in food science, we decided to jointly establish a research center in 2017,” said Du Muying.

Since the establishment of the center, researchers from China and Hungary have been working side by side to promote collaborative research and development of key technologies in food science. Through a series of technological projects, both parties have not only solidified the foundation of cooperation, but also expanded the perspective of international food science cooperation, transformed scientific and technological achievements into practical benefits, and achieved mutual benefit and win-win.

On May 27th, Zoran Jolte, a researcher at the Hungarian University of Agriculture and Life Sciences, worked in the laboratory in Budapest, Hungary. Xinhua News Agency (Photo by Fergie Otilo)

“Through in-depth exploration of microbial resources in food between China and Hungary, our research has made significant progress in crop disease prevention and yield improvement.” Director of the center, Kan Jianquan, stated that this cooperation platform not only injects new vitality into scientific research between China and Hungary, but also becomes an important link connecting China with other countries such as Egypt, Spain, and Russia, promoting continuous deepening of international cooperation.

Zoran Jolte, a researcher at the Hungarian University of Agriculture and Life Sciences, stated that in the future, the two sides will promote cooperation in broader research fields, strengthen inter school youth talent exchanges, and continue to inject new momentum into scientific development through complementary advantages.

Looking ahead to the future, Du Muying has a firm gaze. She said that the center will continue to work hard to promote the “Qingka” series of fruit distilled spirits to more markets. “We look forward to these fruit wines entering thousands of households in Hungary and crossing national borders to reach the world,” said Du Muying.

On June 17th, passengers watched a high-speed train model in the waiting hall of Halim Station in Jakarta, Indonesia.

On that day, the Jakarta Bandung high-speed railway in Indonesia was officially opened and operated for 8 months. According to data from Indonesia China High Speed Railway Co., Ltd., as of June 16th, the Jakarta Bandung high-speed railway has sent a total of about 3.54 million passengers and 9936 passenger trains.

Photo by Xinhua News Agency reporter Xu Qin

Islamabad, June 16 (Xinhua) – The first unit of the Sugginari hydroelectric power plant in Pakistan was successfully launched on the 16th and officially entered the water commissioning stage, marking the final sprint stage of the project construction and a big step towards achieving production and power generation.

The Sugginari Hydropower Station is located on the Kunha River in the Mansehra region of Khyber Pashtun Province in northwestern Pakistan. It is invested and constructed by China Energy Construction Overseas Investment Co., Ltd. and is a priority project for the implementation of the China Pakistan Economic Corridor.

Cheng Dan, General Manager of China Energy Construction Overseas Investment Co., Ltd., told Xinhua News Agency that the first unit of the power station passed a series of tests smoothly after starting up, and the unit operated smoothly, meeting the design requirements. Next, the first unit will undergo dozens of tests, including temperature stability tests, to ensure that all technical indicators of the unit meet the design standards.

The total designed installed capacity of Sujijinari Hydropower Station is 884 MW. The project started construction in January 2017 and is expected to be put into operation within this year. After production, the power plant can provide Pakistan with 3.2 billion kilowatt hours of clean electricity annually.