Technology

CGTN: Xi Jinping urges actions to stabilize and improve China-U.S. relations

Published

2 years ago

June 20, 2023

BEIJING, June 19, 2023 /CNW/ — Chinese President Xi Jinping met with U.S. Secretary of State Antony Blinken at the Great Hall of the People in Beijing on Monday, the second and last day of the top U.S. diplomat’s visit to China.

During the meeting, Xi urged actions to stabilize and improve China-U.S. relations, and emphasized that whether the two countries can find the right way to get along bears on the future and destiny of humanity.

“Planet Earth is big enough to accommodate the respective development and common prosperity of China and the United States,” he said.

The Chinese, like the Americans, are “dignified, confident and self-reliant” people, and they both have the right to pursue a better life, Xi stressed.

The common interests of the two countries should be valued, and their respective success is an opportunity for each other, not a threat, he said.

‘World needs stable China-U.S. ties’

Noting that the international community is concerned about the current state of the relations, Xi said it does not want to see conflict or confrontation between China and the U.S. or choose sides between them.

“The two countries should act with a sense of responsibility for history, for the people and for the world, and handle China-U.S. relations properly,” urged the Chinese leader.

“In this way, they may contribute to global peace and development, and help make the world, which is changing and turbulent, more stable, certain and constructive,” he added.

Blinken said U.S. President Joe Biden believes that the U.S. and China have an obligation to responsibly manage their relations, which is in the interest of both countries and the world.

Translating Bali common understandings into actions

When Xi and Biden held their first in-person talks as heads of state on the sidelines of a Group of 20 (G20) Summit on the Indonesian island of Bali last November, both sides agreed to take actions to take China-U.S. relations back to the track of stable development.

During Monday’s meeting with Blinken, the Chinese president reiterated that the two countries need to remain committed to the common understandings he and Biden had reached in Bali, and translate the positive statements into actions so as to stabilize and improve China-U.S. relations.

He noted that major-country competition does not represent the trend of the times, much less can it solve America’s own problems or the challenges facing the world.

“China respects U.S. interests and does not seek to challenge or displace the United States,” said Xi. “In the same vein, the United States needs to respect China and must not hurt China’s legitimate rights and interests.”

China always hopes to see a sound and steady China-U.S. relationship and believes that the two major countries can overcome various difficulties and find the right way to get along based on mutual respect, peaceful coexistence and win-win cooperation, he added.

Blinken said the U.S. is committed to returning to the agenda set by the two presidents in Bali.

The United States stands by the commitments made by Biden, namely it does not seek a new Cold War, it does not seek to change China’s system, its alliances are not directed at China, it does not support “Taiwan independence,” and it does not seek conflict with China, reiterated Blinken.

He added, the U.S. side looks forward to having high-level engagement with the Chinese side, keeping open lines of communication, responsibly managing differences, and pursuing dialogue, exchanges and cooperation.

Wang Yiwei, director of the Institute of International Affairs at Renmin University of China, told CGTN on Monday that it was an important step for China and the U.S. to stabilize their relations as both sides agreed to take the business and people-to-people exchanges back to normal following Blinken’s visit.

Monday’s meeting was the first time a U.S. secretary of state had met the Chinese president since 2018. Blinken is the senior most U.S. official to visit China since Biden took office in early 2021.

https://news.cgtn.com/news/2023-06-19/Xi-Jinping-urges-actions-to-stabilize-and-improve-China-U-S-relations-1kLNJcMwSwE/index.html

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SOURCE CGTN

Technology

HD Hyundai Teams Up with TerraPower to Develop Core Equipment for SMRs

Published

40 minutes ago

December 20, 2024

TerraPower to complete a 4th-generation Sodium Fast Reactor(SFR) in Wyoming, USA, by 2030HD Hyundai to manufacture reactor vessels for SFRs, leveraging expertise from participation in the ITER projectSFR, a type of SMR known for its enhanced safety and reduced nuclear waste issues, gaining significant spotlight”We aim to lead the SMR sector as a next-generation, carbon-free power source with proven safety”

SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ — HD Hyundai has officially partnered with TerraPower, a US-based company, to develop key components for Small Modular Reactor (SMR).

On Friday, the 20th, HD Hyundai announced that it recently secured a project from TerraPower to manufacture cylindrical reactor vessels.

The reactor vessel in this project will be integrated into TerraPower’s Natrium, a 345 MW 4th-generation Sodium Fast Reactor (SFR), which is planned for installation in Kemmerer, Wyoming, USA.

The SFR, being jointly developed by HD Hyundai and TerraPower, is a type of SMR. The reactor vessel is a critical component of the SFR, containing the reactor core where nuclear fission occurs and ensuring the safe operation of the high-temperature, low-pressure coolant.

To successfully execute this project, HD Hyundai Heavy Industries, a shipbuilding affiliate of HD Hyundai, plans to actively leverage its accumulated expertise. This expertise comes from its participation in the development and production of key equipment, including vacuum vessels, for the International Thermonuclear Experimental Reactor (ITER) and Korean Superconducting Tokamak Advanced Research (KSTAR).

The SFR generates electricity by using high-speed neutrons for nuclear fission and cooling the resulting heat with liquid sodium instead of water. Among SMRs, it is noted for its high safety and advanced technology, with nuclear waste volumes only one-twentieth of conventional reactors, making it the most promising next-generation SMR.

The Natrium project aims for completion by 2030 after obtaining construction and operational permits from the U.S. Nuclear Regulatory Commission (NRC).

Globally, interest and demand for nuclear power, a carbon-free energy source, are growing to achieve carbon neutrality and enhance energy security. As the limitations of large-scale nuclear plants, such as safety concerns and public acceptance, become more evident, the global nuclear market is expected to shift toward SMR-centric.

According to SMR market report by global research firm MarketsandMarkets, the global SMR market is projected to grow from $5.7 billion in 2022 to $6.8 billion by 2030, with an average annual growth rate of 2.3%.

“SMR has significant growth potential in the global decarbonization trend,” said an official of HD Hyundai. “Leveraging the expertise and capabilities built through projects such as ITER and KSTAR, we aim to lead the SMR sector, emerging as a next-generation power source.”

Meanwhile, in March, HD Hyundai has played a leading role in co-founding the world’s first international private organization in the field of offshore nuclear power, the Nuclear Energy Marine Organization (NEMO). Since February, the company has also been conducting joint research on SMRs with leading global nuclear power companies.

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SOURCE HD Hyundai

Technology

GDIN Celebrates Key Achievements in 2024 Overseas Expansion Program

Published

40 minutes ago

December 20, 2024

122 Companies Supported; USD 246.6 Million in Investments Secured

SEOUL, South Korea, Dec. 20, 2024 /PRNewswire/ — Global Digital Innovation Network (GDIN), under the leadership of CEO Jongkap Kim, proudly announces the results of its highly successful 2024 Overseas Expansion Support Program. The initiative, aimed at empowering early-stage innovative technology companies, underscores GDIN’s commitment to fostering global success for South Korea’s burgeoning tech ecosystem.

Founded by the Ministry of Science and ICT, whose involvement underscores GDIN’s credibility and strategic importance, the organization has been a cornerstone of the startup community for over a decade. Since the program’s inception in 2013, GDIN has supported more than 3,000 companies, playing a pivotal role in the rise of industry leaders such as Sendbird and Riiid—both valued at over USD 1 billion. Furthermore, 15 companies have achieved notable exits through mergers, acquisitions, or IPOs on KOSDAQ.

In 2024 alone, GDIN provided tailored support to 122 promising tech startups. This included 1,860 specialized consulting sessions covering crucial areas such as legal compliance, intellectual property, accounting, and marketing strategies. Additionally, the program organized 13 global technology matching events, focusing on industries such as artificial intelligence, fintech, green technology, and digital healthcare. These events connected 69 Korean startups with international partners, fostering collaborations and market entry opportunities.

These impressive outcomes highlight the program’s effectiveness in driving financial growth, fostering international collaborations, and building a foundation for sustained global success. Participating companies secured approximately USD 140 million in international investments, contributing to a total of USD 246.6 million in funding from domestic and global sources. Beyond financial milestones, these startups signed 193 international business contracts and established 14 overseas subsidiaries, paving the way for continued global growth.

At its year-end performance event, GDIN honored standout companies for their exceptional achievements. Among them, Tilda, an AI-driven industrial optimization solutions provider, received the prestigious Minister of Science and ICT Award. With GDIN’s guidance, Tilda showcased its cutting-edge solutions at renowned international events such as the GSMA DX Leaders CxO Summit, Sushitech Tokyo, and GITEX. The company is now exploring expansion opportunities in Japan and planning to establish a local subsidiary.

Other high-performing startups, including Nearthlab, Nota AI, EverEx, Inocras, Codepresso, Petnow, Bloomsbury Lab, Telepix, and Rebellions, earned direct entry into GDIN’s 2025 support program. Lumir, which celebrated a successful debut on KOSDAQ this year, received a ‘Special Award’ for its outstanding accomplishments.

“Global interest in the cutting-edge technologies developed by Korean companies is at an all-time high,” said CEO Jongkap Kim. “GDIN remains dedicated to uncovering international opportunities and providing the comprehensive support needed for our startups to thrive on the global stage.”

About GDIN
The Global Digital Innovation Network (formerly known as Born2Global Centre, reflecting its expanded mission to foster global innovation), an independent foundation under the Ministry of Science and ICT, champions collaboration between South Korea’s innovative startups and the global market. Since 2013, GDIN has facilitated over 160 international partnerships, supported more than 3,000 tech companies, conducted 20,000+ consulting sessions, and helped raise USD 3.6 billion in investments.

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SOURCE GDIN

Technology

Africa CTOs at ‘High Risk’ Without Leveraging Process Mapping for Digital Transformation

Published

40 minutes ago

December 20, 2024

Business Process Xperts – BPX assists African enterprises in protecting their digital transformation initiatives investments by offering efficient business process redesign and optimization services.

DUBAI, UAE, Dec. 20, 2024 /PRNewswire/ — With the rapid pace of digital transformation in Africa, CTOs face challenges in managing system updates and transitions, especially from legacy systems to SAP S/4HANA or similar solutions for greenfield and brownfield projects.

Studies show 68% of digital transformation projects fail due to poor process alignment.

African enterprises are turning to boutique BPR consultants to leverage tools like SAP Signavio, IBM Blueworks, UiPath, and LeanIX. The SAP Signavio BPM suite enables BPR consultants to streamline processes, align strategies with SAP standards, and reduce over-customization.

Prominent firms like ‘Business Process Xperts- BPX’ are leading the block in Africa, with their assistance in strategizing the implementation of powerful modern tools for process optimization.

Speaking on the matter, Nikhil Agarwal, the Founder of ‘Business Process Xperts – BPX‘, says, “Many digitization projects fail when ERP or CRM implementation partners handle BPM activities, as studies show 68% of such projects struggle due to misaligned processes. As software-agnostic process experts, we bring a business-first approach to adopt best-fit processes and hand over a detailed blueprint to implementation partners, ensuring a 99% success rate for digital transformation projects.”

To the enterprises operating in Africa, delays and inefficiencies in the digital transformation projects may negatively impact their businesses and could be a competitive disadvantage. BPX team comes with more than a decade of experience, with advanced process optimization capabilities to help manage challenging business processes and adopt best practices. Their expertise in various advanced process automation tools facilitates reducing duplication and accelerates implementation cycles so that enterprises can achieve more value from their investments.

Rupal Agarwal, Co-Founder of BPX, says, “We create video SOPs and user manuals, ensuring high user adoption for new digital transformation projects, as 70% of digital transformation projects fail due to poor user engagement.”

The key services BPX offers for Africa:

Strategic BPR consulting for greenfield and brownfield digital transformationsThe active usage of advanced process management platforms like SAP Signavio, UiPath and IBM Blueworks to facilitate process optimization and automationIncrease user adoption with L5 process maps, SOPs and work instructionsOrganisational Change Management Initiatives

About Business Process Xperts – BPX

As a business process management and consulting company, Business Process Xperts has over 12 years of experience working with 21+ industries globally. From analyzing business processes to automating them, BPX acts as the centre of excellence for achieving long-term and efficient results.

Contact

Dr. Rupal Agarwal
+919860426700
consult@mindamend.net
Learn more at businessprocessxperts.com

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