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The Chinese market remains an attractive investment hub. Why?

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11 months ago

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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

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Veeva Announces AI in Vault CRM

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1 hour ago

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November 25, 2024

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CRM Bot and Voice Control deliver GenAI-powered assistance in Vault CRM

SINGAPORE, Nov. 25, 2024 /PRNewswire/ — Veeva Systems (NYSE: VEEV) today announced Vault CRM Bot and Vault CRM Voice Control, two new GenAI capabilities in Vault CRM. Unveiled at Veeva Commercial Summit Europe, CRM Bot and Voice Control join a host of new innovations coming to Vault CRM next year. With these new capabilities, companies can deploy AI that will have immediate value by boosting field productivity.

CRM Bot embeds the large language model (LLM) of your choice into Vault CRM to enable a wide range of context-driven tasks including pre-call planning, suggested actions, recommended content, and context-specific learning. Planned for availability in late 2025, CRM Bot is included in Vault CRM for no additional charge and requires the Vault Direct Data API.

AI-powered Voice Control brings the human voice as a user interface into Vault CRM by leveraging Apple Intelligence for hands-free operation of CRM via spoken commands. Planned for availability in late 2025, Voice Control is included in Vault CRM for no additional charge and requires Apple Intelligence and compatible devices.

Delivering AI within its products – like CRM Bot and Voice Control – is part of Veeva’s overall strategy to help enable AI for the life sciences industry. Veeva also provides the Vault Direct Data API for high-speed access to data needed for AI and the Veeva AI Partner Program that enables customers and partners to more easily build AI applications that integrate seamlessly with Vault applications.

“Vault CRM Bot and Vault CRM Voice Control bring the latest advances in generative AI into Vault CRM for more effective, productive reps,” said Arno Sosna, general manager of CRM products at Veeva. “Our product focus is to leverage AI for clear use cases with high impact and ensure smoother more effective deployments of advanced technologies.”

Veeva customers and life sciences industry professionals can learn about these innovations and more in the Vault CRM Product Roadmap session replay in Veeva Connect starting November 25.

About Veeva Systems
Veeva is the global leader in cloud software for the life sciences industry. Committed to innovation, product excellence, and customer success, Veeva serves more than 1,000 customers, ranging from the world’s largest biopharmaceutical companies to emerging biotechs. As a Public Benefit Corporation, Veeva is committed to balancing the interests of all stakeholders, including customers, employees, shareholders, and the industries it serves. For more information, visit veeva.com.

Veeva Forward-looking Statements
This release contains forward-looking statements regarding Veeva’s products and services and the expected results or benefits from use of our products and services. These statements are based on our current expectations. Actual results could differ materially from those provided in this release and we have no obligation to update such statements. There are numerous risks that have the potential to negatively impact our results, including the risks and uncertainties disclosed in our filing on Form 10-Q for the period ended July 31, 2024, which you can find here (a summary of risks which may impact our business can be found on pages 36 and 37), and in our subsequent SEC filings, which you can access at sec.gov.

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SOURCE Veeva Systems

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Global Elite Training of World Internet Conference Digital Academy Begins

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1 hour ago

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November 25, 2024

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WUZHEN, China, Nov. 24, 2024 /PRNewswire/ — A news report from CRIOnline:

On November 21, the launch ceremony for the Global Elite Training of the World Internet Conference Digital Academy was held. This training focuses on frontier trends on the digital economy, and the internet, and global advanced experience in digital transformation and leadership upgrades. During the sessions, authoritative experts from international organizations, globally renowned universities, and leading Internet companies gave lectures, and 40 trainees from 32 countries including Oman, Kenya, Tajikistan, and Mongolia participated in the training.

On that day, guests including Barbara Ramos, Chief of Research and Strategies for Exports of International Trade Centre (ITC), and Zhou Hongyi, Founder of 360 Group, delivered speeches on topics such as new quality productive forces and the digital economy, opportunities and challenges with cross-border e-commerce for small and medium-sized enterprises (SMEs), large models bringing humanity into a new era of AI, and international economic and trade rules and corporate digital transformation.

The trainees on site all said that this learning experience was very helpful to them. Lutbayar Naranzul, Director of Compliance of the Risk Management Division of the Development Bank of Mongolia, said, “My main job currently is to control Internet risks and safeguard cybersecurity. This training course is exactly what I needed, and the content is highly relevant to my work. I have gained a lot.”

Recently, during the main forum of the 2024 Wuzhen Summit,the World Internet Conference Digital Academy was officially launched.

 

View original content to download multimedia:https://www.prnewswire.com/news-releases/global-elite-training-of-world-internet-conference-digital-academy-begins-302315007.html

SOURCE CRIOnline

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“Beidou + UAV” helps transmission line inspection

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1 hour ago

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November 25, 2024

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TURFAN, China, Nov. 25, 2024 /PRNewswire/ — On November 18, the State Grid Turfan Power Supply Company’s Transmission and Inspection Center carried out line inspection on the 220 thousand volt Shuncao line and tested the UAV RTK Beidou signal.

As the first batch of UAV Beidou signal switching pilot units of Xinjiang Electric Power Company, State Grid Turfan Power Supply Company has completed the Beidou signal switching of 67 UAVs, realizing the dual signal source guarantee of UAV operation “GPS+RTK”, reducing the signal error to “centimeter level”, and effectively improving the level of lean operation and maintenance of UAVs.

Up to now, the UAV inspection of the State Grid Turfan Power Supply Company has covered 215 transmission lines of 35 thousand volts and above, with a total length of 4,834 kilometers, and the inspection volume in 2024 will reach 46,230 bases, with a range of 15,374 kilometers, and the total mileage is close to one-third of the equator. The number of the company’s UAV inspection towers has exceeded the number of manual inspections by 3 times, and UAV inspections have become the main force of transmission inspections.

In the next step, the State Grid Turfan Power Supply Company will actively explore a safer and more efficient UAV inspection mode, and actively expand the application of UAVs in power transmission and inspection based on the principle of “solving problems and improving work efficiency”, so as to contribute to the company’s digital and intelligent transformation.

 

View original content:https://www.prnewswire.com/apac/news-releases/beidou–uav-helps-transmission-line-inspection-302315013.html

SOURCE State Grid Turfan Power Supply Company

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