Technology

The Chinese market remains an attractive investment hub. Why?

Published

11 months ago

December 22, 2023

BEIJING, Dec. 22, 2023 /PRNewswire/ — A news report from China.org.cn on why China remains an attractive investment hub:

Siemens, a German multinational technology conglomerate, added another 1.1 billion RMB to its total investment in fixed assets to build an industrial automation production base in China; AstraZeneca, a biopharmaceutical giant, announced its decision to augment investment and production in China; the CEO of Starbucks told the press that the coffee chain will continue its vision of opening 9,000 branches in China by 2025… This year, many foreign investors made firm decisions to invest in China, a testament to their confidence in the Chinese market.

Their confidence in China stems from their positive visions for the nation’s economic outlook, as well as the sound measures China has taken to address concerns around foreign-invested companies.

The year 2023 is one of economic recovery following three years of COVID-19 prevention and control, and China’s economic growth is expected to reach 5.2% by the end of the year. Meanwhile, the country has opened its door wider to the outside world: Grand exhibitions including the China International Import Expo (CIIE), the Canton Fair and the China International Fair for Trade in Services all yielded fruitful results. Among them, the value of intended deals at the 6th CIIE saw a 6.7% year-on-year increase, meanwhile, the number of participating Fortune Global 500 companies and industry powerhouses broke a new record.

Problems encountered by foreign investors and business owners in China are also being addressed. Here are some examples.

In the past, equity investment from foreign investors was not allowed in China. But a few months ago, new policies were issued in China, stating that qualified foreign investors are encouraged to set up investment companies and regional headquarters, and enterprises funded and established by relevant investment companies can enjoy favorable treatment in accordance with relevant regulations.

Cross-border data flow is also an issue garnering broad attention. China also drafted a document and solicited public opinion. Once officially approved and practiced, some of the cross-border data flow processes could be streamlined.

Government procurement is an important channel for foreign-invested companies to share market opportunities in a host country. China has many times broken unreasonable restrictions on government procurement suppliers, to guarantee fair play for domestic and foreign-invested companies alike. The Foreign Investment Law, enacted in 2020, also ensured an equal playing field before the law.

What’s more, to further facilitate exchanges between the people of China and other countries, China has reduced the paperwork required for applying for a Chinese Visa, streamlining the entire process. Recently, China decided to implement a unilateral visa-free policy for ordinary passport holders from France, Germany, Italy, the Netherlands, Spain and Malaysia on a trial basis. Coming to China for business, education and traveling is becoming increasingly convenient.

These concrete efforts are in line with the requirements from the recently concluded central economic work conference. In the coming year, the world can expect more efforts of its kind from China.

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SOURCE China.org.cn

Technology

Gentoo Media – Mandatory notification of trade

Published

53 minutes ago

November 14, 2024

ST JULIANS, Malta, Nov. 14, 2024 /PRNewswire/ — MJ Foundation Fundacja Rodzinna, a company related to Mateusz Juroszek, Board Member and primary insider of Gentoo Media Inc. (Gentoo) has today acquired 115,604 shares in Gentoo at a price of SEK 24,996 per share. After this transaction, close associates of Mateusz Juroszek hold 24,027,766 shares in Gentoo.

This information is subject to the disclosure requirements pursuant to Section 5-12 of the Norwegian Securities Trading Act.

For further information, contact:
Tore Formo, Group CFO, tore.formo@g2m.com, +47 91668678

About Gentoo Media

Gentoo Media is a market-leading affiliate connecting operators and players in the online gambling and sports betting industry. Gentoo Media offers an array of iGaming affiliate solutions, such as paid marketing expertise and quality traffic through our prominent industry sites including AskGamblers, Time2Play, CasinoTopsOnline, WSN and Casinomeister. In 2024, Gentoo Media (formerly GiG Media) became Gentoo Media Inc. following a legal split separating the Media and Platform and Sportsbook business in Gaming Innovation Group (GiG) into two independently listed companies. Gentoo Media Inc. is dual listed on the Oslo Stock Exchange (ticker “G2MNO”) and Nasdaq Stockholm (ticker “G2M”). www.gentoomedia.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gentoo-media-inc/r/gentoo-media—mandatory-notification-of-trade,c4066199

View original content:https://www.prnewswire.co.uk/news-releases/gentoo-media—mandatory-notification-of-trade-302305030.html

Technology

Xinhua Silk Road: World IoT expo 2024 opens in E. China’s Wuxi to showcase future of smart connectivity

Published

53 minutes ago

November 14, 2024

BEIJING, Nov. 14, 2024 /PRNewswire/ — The World Internet of Things (IoT) Exposition 2024 kicked off on Monday in Wuxi City of east China’s Jiangsu Province, attracting industry leaders, representatives of enterprises and experts from across the globe to discuss industry trends and demonstrate innovative applications.

At the expo’s opening ceremony, Wuxi unveiled a national pilot project in intelligent connected vehicles, which aims to create a cohesive mode for car owners, vehicles and cities connection, contributing Wuxi’s expertise to smart vehicle initiatives.

Additionally, a new smart sensing chip engineering center was launched, representing an investment of over 1 billion yuan and focusing on high-density large-scale substrates and other advanced chip technologies to strengthen the city’s integrated circuit development.

The event also saw the release of several major IoT research achievements, including the 2024 IoT innovation development Taihu index and the 2024 white paper on advanced sensing technology and applications.

The three-day event features exhibitions, panel discussions, and thematic sessions that showcase the latest development in IoT innovations and applications. This year’s expo is poised to drive Wuxi’s high-quality growth in IoT while promoting global tech collaboration and knowledge sharing in the IoT field.

Wuxi has become a navigator of the IoT industry in China. The latest statistics show that in 2023, the scale of the IoT industrial cluster in Wuxi surpassed 450 billion yuan, taking the lead in Jiangsu Province.

Original link: https://en.imsilkroad.com/p/343117.html

SOURCE Xinhua Silk Road

Technology

Agoda Highlights Five Urban Hikes for Adventurous Travelers

Published

53 minutes ago

November 14, 2024

SINGAPORE, Nov. 14, 2024 /PRNewswire/ — Digital travel platform Agoda introduces five urban hikes across Asia, offering travelers a chance to experience the perfect blend of city life and nature. These hikes, ranging from family-friendly to more challenging trails, provide an unmatched perspective on some of Asia’s most dynamic cities.

Whether it’s Elephant Hill in Taipei, with its stunning views of the Taipei 101, or Hong Kong’s famous Dragon Back, active travelers are in for a treat when embarking on these city hike adventures.

Andrew Smith, Senior Vice President, Supply at Agoda said: “Asia is special to have so many incredible hike routes right in the heart of these popular cities. The five highlighted hikes are just a sample of the many breathtaking city trails the continent has to offer. Adventurous travelers will want to try them all and thankfully Agoda helps make travel affordable with great value deals on over 4.5 million properties globally.”

These are the five city hikes, ranked from easiest to most challenging:

Kuala Lumpur’s Bukit Nanas Forest Reserve offers a unique experience of trekking through a tropical rainforest right in the city center. The trail is relatively easy, with well-marked paths and informative signboards about the local flora and fauna, making it a great choice for families and nature enthusiasts.

Elephant Hill in Taipei offers a short but rewarding climb. The trail is well-maintained and provides stunning views of Taipei’s skyline, including the famous Taipei 101. It’s an ideal spot for those looking to enjoy a quick escape into nature without straying far from the city.

In Singapore, the Southern Ridges trail offers a moderate hike through a series of interconnected parks and gardens. Spanning 10 kilometers, this trail provides a lush green corridor amidst the urban environment, with highlights including the Henderson Waves bridge and panoramic views of the city.

Namsan in Seoul presents a slightly more challenging hike, leading to the N Seoul Tower. The trail is popular among locals and tourists alike, offering a mix of natural beauty and cultural landmarks, with several routes to choose from depending on the desired difficulty level.

Finally, Hong Kong’s Dragon’s Back is a favorite for its breathtaking views of the coastline and the South China Sea. This moderately challenging hike is known for its undulating ridges and scenic vistas, providing a rewarding experience for those willing to tackle its ups and downs.

In each of these city hike destinations, Agoda offers great value accommodation. In addition to holiday properties, Agoda’s 130,000 flight routes and 300,000 activities ensure the platform is the one-stop travel solution to help booking an entire trip. The latest Agoda deals can be found in the Agoda app or on agoda.com/deals.

— ENDS —

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/agoda-highlights-five-urban-hikes-for-adventurous-travelers-302304670.html

SOURCE Agoda

Technology4 days ago

CloudOne Digital Appoints Packet Cofounder and Former Equinix Executive Zach Smith to Board of Directors to Drive Growth in Bare Metal and Hybrid-Cloud Solutions