Connect with us

Technology

Their Focus on China’s Two Sessions

Published

on

BEIJING, March 6, 2024 /PRNewswire/ — A report from Science and Technology Daily:

As the Two Sessions have convened, Science and Technology Daily is privileged to present insights from ten foreign experts who have shared their perspectives on four themes, namely, Beautiful China, Open China, Innovative China, and Inclusive China in this special edition.

These interviews provide a multi-dimensional look at China’s strides in balancing economic development and environmental protection in the process of promoting Chinese modernization.

Through these expert insights, we hope to foster a deeper understanding of the development and cooperation opportunities that lie ahead, not just for China, but for the global community as a whole.

New Productive Forces: Invigorating High-quality Development    

The top Chinese leader’s call to harness new productive forces to promote technological advancement has emerged as a pivotal strategy in China’s journey toward realizing comprehensive modernization. The emphasis is on using innovation to achieve high-quality development.

Regions across China have intensified their efforts, since the beginning of the year, to nurture strategic emerging industries and future industries. This is part of a broader initiative to cultivate new productive forces and discover new avenues for growth.

According to Xinhua, Beijing plans to launch 100 sci-tech innovation and modern industrial projects, including NEV industry clusters and the health and medicine industry this year.

Italian scientist Francesco Faiola commenting on Beijing’s rapid transformation into an International Innovation Center said, “It also promotes high-quality development of new R&D institutes, supporting leading enterprises in establishing innovation consortia, and breaking through core technologies in key fields. These efforts aim to create an open innovation ecosystem with global competitiveness.”

This newly proposed term shows China’s commitment to bolster its domestic innovation landscape and enhance its capacity for international cooperation and partnership in cutting-edge sectors.

Recently, some experts have become more aware of China’s greater focus on sci-tech innovation. “With its new emphasis on innovative capacity and capabilities, Chinese leaders are hoping to move China’s economic activity into new higher value-added segments of the global economy,” said American scholar Denis Simon, adding that, “China will play much less of a reactive role in global economic affairs, but rather it will increasingly shape the nature of global competition.”

Simon also sees the global implication of the China-proposed concept. From his perspective, China should prove to be an increasingly attractive partner for collaboration and cooperation with the shift towards “new productive forces.”

As new strategic emerging industries play a more central role in defining the terms and conditions of competitive and development priorities, China’s new emerging areas of competitive strength should make its role as a transborder strategic partner more important, said Simon.

Based on these trends, he expects to witness a period in which collaborative partnerships with Chinese researchers become much more mainstream.

Openness, Cooperation Key to Sci-tech Advancement

In recent years, China has significantly expanded its openness and collaboration in the sci-tech sector, building upon its 46-year journey of reform and opening-up. This process has involved not only sci-tech exchanges and joint research programs but also people-to-people communication, which shows the nation’s commitment to fostering an open and inclusive research environment.

“I think China is the best place for promoting research, motivating young people, and gaining governmental support in research,” said German expert Ömer Sahin Ganiyusufoglu, an industrial development consultant at Qingdao International Academician Park. He noted China’s long-term strategic vision and potential in advancing research and development.

This is aptly demonstrated by Italian scientist Francesco Faiola, who in 2014 became the first full-time foreign researcher at the Research Center for Eco-Environmental Science of the Chinese Academy of Sciences (CAS), and established the stem cell toxicology research group at the Laboratory of Environmental Chemistry and Ecotoxicology.

“One of the primary motivations is the ability to access world-class research facilities and resources, which can increase productivity and efficiency in research and development,” said Faiola.

Beyond professional opportunities, China has streamlined the integration of international experts into its society. This includes simplifying visa processes and offering comprehensive support services for foreign experts. Moreover, the government has eased the path to permanent residency for foreigners who have made significant contributions to the country, further proving that China is a welcoming hub for global talent.

China has made great strides in scientific fields, such as artificial intelligence, quantum computing, space science, and environmental sciences. These have not only marked its breakthroughs but have also attracted international experts keen on joint research, which fully proves that China’s rise of sci-tech power provides opportunities instead of threats to global progress.

British scientist from Tianjin University Peter Taylor said, “A rising tide floats all boats and progress benefits everyone,” adding that “Breakthroughs made in China and made known through publications and talks can be used in other countries to benefit their activities.”

He is not the only person who sees the great value of China’s increasing openness. Faiola highlighted these mutual benefits, saying, “Foreign researchers and institutions are eager to join their Chinese counterparts in these advancements, presenting numerous opportunities for joint research projects.” He further emphasized the dual advantages of such collaborations: scientific advancement and economic benefits.

Getting access to the vast Chinese market through collaborations offers foreign researchers and institutions opportunities, such as licensing agreements and joint ventures. “These incentives foster a more collaborative and productive relationship, ultimately benefiting both parties in advancing science and technology,” he said.

Echoing this, Denis Simon, a distinguished fellow at the Institute for China-American Studies reflected on China’s substantial progress made in the sci-tech sector, noting its crucial role in addressing global challenges like climate change and the global health sphere. “There is no global problem whose meaningful solution will not require ample Chinese participation,” said Simon, adding “The days of the ‘Lone Ranger’ in international Sci-tech affairs no longer exist.”

China’s 14th Five-Year Plan for Economic and Social Development (2021–2025) also stated that China will implement a more “open, inclusive, mutually beneficial and shared” strategy for international sci-tech cooperation, and will more “actively integrate into the global innovation network.”

Simon adds that, not only is China’s central government highly active in promoting cross-border collaboration, but also many provincial and municipal governments increasing their presence in international cooperation.

According to Henry H. Radamson, a Swedish scientist working at CAS, China’s openness is not just lip service. “China has Mars probe and satellite projects and made a space station an open platform for international cooperation. Many countries are participating in the experiments in China’s space station,” he said. As of 2023, there had been nine projects involving some 17 countries and 23 entities selected among the first batch of scientific experiments to be carried out on the station.

China is dedicated to its peaceful development, fostering global friendships and cooperating with countries around the world, regardless of their wealth,” said Ganiyusufoglu, illustrating China’s inclusive approach to international cooperation and its capacity to set new global standards. He further explained, “China is willing to share its knowledge, expertise, and talent with the world.”

Making ‘Beautiful China’ a Reality

To build a “Beautiful China,” the country is improving its biodiversity conservation policies and creating a new framework for sustainable development. Many foreign experts who have lived in China for a long period, are witnesses to the country’s significant progress in ecological conservation over the past decade, confirming the success of China’s approach to harmonizing ecology and economy.

Michael Crook, who has lived in Beijing for more than 50 years and is one of the founders of the Western Academy of Beijing, is very impressed by China’s environmental protection and responsible ecological policies, especially in the areas of biodiversity, clean energy, and pollution management. As China expands its infrastructure projects and builds cement roads to connect the most rural villages with the outside world, environmental protection remains a top priority, said Crook, citing his own travel experience to Xizang in 2023, where the environment is not disturbed at all by the construction of roads and railways.

The use of clean energy, such as electricity and solar power, has helped drive China’s transition to a low-carbon economy and plays a key role in the global fight against climate change, said Swedish scientist Henry H. Radamson, a full-time researcher at the Institute of Microelectronics, CAS. “Chinese electric cars are running almost everywhere in the world,” he said. “While others are still talking, China has gone ahead and done it,” Crook also spoke highly of China’s clean energy boom, which serves as an example to the entire world.

Francesco Faiola, an Italian professor at the Research Center for Eco-Environmental Science, CAS, has seen firsthand China’s efforts to prevent pollution at its source. As his research focuses on the effects of pollutants on human health, Faiola pays special attention to China’s environmental protection and pollution management. “I strongly believe that China will achieve its dual carbon targets, even though they’re quite ambitious because China has invested a lot of money and effort in green development,” he said.

China has not only done a great job for itself, but it’s leading the way and helping the world become a better place,” said Crook, hoping that China’s experience will be shared globally, in the same way as its electric cars are being exported.

View original content to download multimedia:https://www.prnewswire.com/news-releases/their-focus-on-chinas-two-sessions-302081028.html

SOURCE Science and Technology Daily

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

XTransfer and OCBC Jointly Announce Comprehensive Partnership

Published

on

By

“Global Multi-Currency Accounts” Empowers SMEs with New Market Opportunities

SHANGHAI, Dec. 23, 2024 /PRNewswire/ — XTransfer, the World’s Leading & China’s No.1 B2B Cross-Border Trade Payment Platform, and OCBC, the second largest financial services group in Southeast Asia, jointly announced the comprehensive partnership. OCBC China will leverage the OCBC Group’s extensive regional network and resources in its key markets of Singapore, Hong Kong SAR, Malaysia and Indonesia to collaborate with XTransfer to provide small and medium-sized enterprises (SMEs) engaging in international trade with one-stop innovative cross-border financial solutions, including payment, FX, risk control and wealth management. The Memorandum of Understanding was signed on 18 December 2024 by Bill Deng, Founder and CEO of XTransfer, and Ang Eng Siong, CEO of OCBC China.

Bill Deng, Founder and CEO of XTransfer, stated, “This collaboration marks a significant milestone for XTransfer, greatly enhancing our global payment capabilities. By leveraging OCBC’s extensive global payment network, XTransfer saves a substantial amount of market costs and accelerates our business expansion in Southeast Asia, saving on local expansion efforts. XTransfer looks forward to expanding its business with OCBC in the future in a variety of areas, including wealth management and lending, and is looking forward to working with them to capture the vast opportunities in Greater China and ASEAN.”

Ang Eng Siong, CEO of OCBC China, said, “OCBC uses Singapore and Hong Kong as our twin-hubs, radiating out to Greater China and ASEAN regions. XTransfer’s business development plans in these areas align closely with our network layout. As XTransfer’s global account manager, OCBC China will support XTransfer and its clients in facilitating cross-border settlements through close collaboration with various business subsidiaries of the group. This will help meet the growing demand for cross-border development and business growth, helping them achieve their aspirations in Greater China and ASEAN.”

XTransfer and OCBC collaborate in several areas of cross-border business. In particular, XTransfer leverages the strong banking networks and service capabilities of OCBC to offer its customers the “Global Multi-Currency Account” provided by OCBC Hong Kong, allowing clients to make payments and collect funds globally. The Global Multi-Currency Account supports not only major currencies, such as the Renminbi, US Dollar, British Pound, Euro, etc., but also currencies from ASEAN and various countries and regions. This will benefit SMEs in foreign trade settlement in the corresponding countries and enhance global cross-border trade efficiency. The partnership will provide XTransfer’s over 550,000 clients and their buyers with more payment and collection options. Additionally, clients can make payments and collect funds through CHATS or FPS, the local clearing network in Hong Kong, offering convenience similar to local bank transfers.

In recent years, trade exchanges between China and ASEAN have become increasingly close. According to data from XTransfer, from January to September 2024, the amount received by small and medium-sized foreign trade enterprises on the XTransfer platform from ASEAN grew by 80% compared to the previous year. The partnership between XTransfer and OCBC will address this growth in international trade by SMEs, and help them capture opportunities in trade and capital flow between China and ASEAN.

XTransfer continues to build its global payment infrastructure for foreign trade through partnerships with renowned international banks and financial institutions. This partnership with OCBC brings XTransfer a new upgrade in its global payment infrastructure, offering substantial benefits to global cross-border traders. By utilising the Global Multi-Currency Account provided by OCBC Hong Kong, buyers can easily make payments in various currencies to overseas suppliers and collect funds from worldwide customers. This partnership is expected to enhance cross-border trade by significantly broadening the payment methods and scope for SMEs.

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/xtransfer-and-ocbc-jointly-announce-comprehensive-partnership-302338240.html

SOURCE XTransfer

Continue Reading

Technology

TECHTRONIC INDUSTRIES JOINS THE UN GLOBAL COMPACT

Published

on

By

DEMONSTRATES TTI’S COMMITMENT TO SUSTAINABLE PRODUCTS AND PRACTICES

FORT LAUDERDALE, Fla., Dec. 23, 2024 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare company Techtronic Industries Co. Ltd. (“TTI” or the “Company”) (stock code: HK:0669, ADR symbol: TTNDY) today announced that it has joined the United Nations Global Compact, reaffirming its dedication to sustainability and social responsibility. With over 25,000 signatories in over 160 countries, the UN Global Compact is the world’s largest voluntary corporate sustainability reporting initiative. By joining, TTI is committing to communicating its progress to stakeholders annually through our ESG Report and UN Global Compact’s website. 

TTI’s CEO Steve Richman remarked: “As the industry pioneer in lithium-ion battery-powered, energy efficient power tools and outdoor power equipment, TTI’s commitment to sustainable products and business practices has long been a fundamental part of the way we do business. We began publishing ESG reports in 2015 and we aligned our goals and targets with the UN Sustainable Development Goals in 2018. Every year we make progress in areas including safety solutions, noise reduction, supply chain traceability, decarbonization, and governance. While we have demonstrated our commitment, by joining the UN Global Compact, we have officially aligned our sustainability strategy with the Ten Principles in the areas of human rights, labor, environment, and anti-corruption.”

As part of TTI’s ongoing sustainability efforts, our objective is to implement initiatives that deepen our support of the UN’s Sustainable Development Goals (SDGs) while fostering an inclusive and equitable workplace culture. We are dedicated to advancing our sustainability journey, setting measurable goals, and continuously monitoring our progress.

Learn more about TTI’s efforts by reading our latest ESG publications here. Our 2024 ESG report will be published in March 2025.

About TTI

Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 50,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Company. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

View original content:https://www.prnewswire.com/news-releases/techtronic-industries-joins-the-un-global-compact-302338242.html

SOURCE Techtronic Industries Co. Ltd.

Continue Reading

Technology

New 2025 ezPaycheck Paycheck Payroll Software Is Now Available from Halfpricesoft.com

Published

on

By

REDMOND, Wash., Dec. 23, 2024 /PRNewswire/ — Halfpricesoft.com has just announced the release of 2025 ezPaycheck payroll software for support for small businesses, freelancers, and sole proprietors as well as many other clients. The new ezPaycheck includes 940, 941, W2 and W3 forms and 2025 tax tables.

 

Clients can still acquire the 2024-2025 bundle version at a cost reduction for a limited time. For those utilizing the 2024 ezPaycheck please note:

Do NOT install this new version before you complete 2024 paychecks. ezPaycheck 2025 installation will update the tax tables. With ezPaycheck 2025, you can still access your 2024 paychecks, view reports and print 2024 W2 forms.

Dr. Ge stated, “The software, ezPaycheck 2024 and 2025 is still available for purchase to those clients that need to process year-end tax forms.”

Priced at just $169 per installation for a single installation of 2025 ezPaycheck software. The bundle 2024-2025 version is $199 for a limited time. ezPaycheck payroll software is affordable for any business. With paycheck software, business owners can easily calculate taxes, deductions, and other payroll-related tasks. Potential clients are welcome to download ezPaycheck free demo version with no obligation and no risk at halfpricesoft.com

Despite its cost and ease of use, Accountants, CPA and Tax Professionals should not assume ezPaycheck 2024 runs short on features. ezPaycheck 2025 is packed with all the features a business needs to run payroll quickly and easily, including:

Supports daily, weekly, biweekly, semimonthly and monthly payroll periods. Features report functions, print functions, and pay stub functions.Automatically calculates Federal Withholding Tax, Social Security, Medicare Tax and Employer Unemployment Taxes.Includes built-in tax tables for all 50 states and the District of ColumbiaEasily calculates differential payPrints miscellaneous checks as well as payroll calculation checksPrints payroll checks on blank computer checks or preprinted checksCreates and maintains payroll for multiple companies, and does it simultaneouslyPrints Tax Forms NEW 943 Form, 940, 941, W2, and W3 (Copy A preprinted form required)Supports multiple accounts at no additional chargeSupports network access to share data from different computers and locations (additional cost)30 day no cost trial. No registration required and absolutely no obligation

ezPaycheck is compatible with Windows 11, 10, 8, 7, and other Windows systems. We also sell a MAC version separately.

ezPaycheck payroll software is affordable for any size business. Customers seeking a way to simplify payroll processing with more accuracy to start the no-obligation 30-day test at https://www.halfpricesoft.com/index.asp

About halfpricesoft.com

Halfpricesoft.com is a leading provider of small business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, accounting software, 1095 form software, and ezACH direct deposit software. Software from halfpricesoft.com is trusted by thousands of customers and will help US Business owners simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-2025-ezpaycheck-paycheck-payroll-software-is-now-available-from-halfpricesoftcom-302332837.html

SOURCE Halfpricesoft.com

Continue Reading

Trending