Technology

CGTN: Why is deepening reform so important for China?

Published

2 months ago

July 17, 2024

BEIJING, July 17, 2024 /PRNewswire/ — In the National Museum of China, there is a special collection of 109 official seals. The seals, which are from Binhai New Area in Tianjin Municipality, were scrapped in 2014 after the local government set up an administrative examination and approval bureau and incorporated hundreds of examination and approval units into one department, replacing 109 official seals with one official seal.

In 2014, though the concept of building a socialist market economy had been introduced more than two decades earlier, doing business remained a challenging endeavor. A lawmaker from Tianjin Municipal People’s Congress revealed that a single investment project, from acquiring land to completing all administrative approval procedures, required more than 30 government approvals and over 100 seals. The entire process took a minimum of 272 working days.

The 109 seals displayed in the national museum demonstrated China’s determination to deepen institutional reform. Over the years, to facilitate businesses, China’s State Council has canceled or delegated to lower-level authorities the power of administrative approval for over 1,000 items and slashed the number of investment items subject to central government approval by over 90 percent.

Why deepening reform matters

China launched reform and opening up in 1978. Over the past 46 years, China has transformed from a poor and underdeveloped economy into the world’s second-largest economy.

“Reform and opening up is a major reason why China is able to catch up with the times,” Chinese President Xi Jinping said at a symposium in 2023. He added, “To promote Chinese modernization, we must further comprehensively deepen reform and opening up, continuously liberate and develop social productive forces, and unleash and enhance social vitality.”

China kicked off the third plenary session of the 20th Central Committee of the Communist Party of China in Beijing on Monday. The meeting will focus on further comprehensively deepening reform and advancing Chinese modernization.

Wang Chunguang, a researcher at the Chinese Academy of Social Sciences, said that China has now entered a “deep water” zone in its reform process, facing more complex and urgent tasks than before, such as the diminishing effectiveness of previous reforms, an unclear path of future reform, and shifting international relations. Failing to address the various challenges in society, the economy, culture and politics via further reform, China’s modernization will be significantly constrained.

Fan Weiqing, an associate professor at Wuhan University, said that as a new round of sci-tech revolution and industrial transformation takes shape around the world, and as sci-tech competition becomes fiercer, deepening reform is also vital for China’s technological innovation, which is “decisive” for the country’s future.

“To resolve the series of outstanding contradictions and challenges facing China’s further development, we must deepen reform and opening up,” said Xi. He attaches great importance to deepening reform. One year after he took the helm as the general secretary of the Communist Party of China Central Committee in 2012, the central government adopted a decision to comprehensively deepen reform, with the goals of improving and developing the socialist system with Chinese characteristics and modernizing China’s governance system and capacity.

How is China deepening reform?

Since then, China’s leadership has put forward a road map for deepening overall reform, and the country has also rolled out over 3,000 reform plans covering Party and state institutional reform, rural land reform, state-owned enterprise reform, financial reform, green transformation and medical system reform.

Of all the reforms, economic reform is the central focus. Xi has advocated letting the market play the “decisive” role in resource allocation, which is a strong signal of policy adjustment, as the word “decisive” was “basic” in the previous official statement.

Under Xi’s instruction, China established a private economy development bureau to assist private enterprises, promoted financial reforms to facilitate financing for private enterprises, advanced state-owned enterprise (SOE) reform to further improve the modern enterprise system, and implemented the system of a negative list for market access, allowing entry into areas not explicitly prohibited by the list.

The results of the reforms have been remarkable. A three-year action plan for SOE reform (2020-2022) converted over 165,000 SOEs into limited liability companies, or companies limited by shares, and some 38,000 SOEs established boards of directors. From 2012 to 2023, the number of private enterprises in China more than quadrupled, and the number of private enterprises as a proportion of the total number of enterprises increased from less than 80 percent to over 92 percent.

A World Bank report released in 2020 stated that due to its steady and strong reform, China has witnessed an unprecedented improvement in its business environment, and it was included among the top 10 global reformers for two years in a row.

https://news.cgtn.com/news/2024-07-16/Why-is-deepening-reform-so-important-for-China–1vhwv3kKVkk/p.html

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SOURCE CGTN

Technology

Successful Conclusion of the Inspur Software Technology Overseas Product Launch Conference in Jakarta

Published

47 mins ago

September 25, 2024

JINAN, China, Sept. 25, 2024 /PRNewswire/ — The Inspur Software Technology Overseas Product Launch Conference was successfully held in Jakarta, Indonesia on September 24. This event focused on Inspur’s international product strategy and featured the significant launch of two key products: Super Portal and SmartWave IoT, providing strong momentum for the digital transformation of governments and enterprises worldwide.

In the current wave of digitalization, governments and businesses face challenges such as a proliferation of application systems and redundant data entry, creating invisible digital divides that hinder efficient development. In response, Inspur has introduced Super Portal, which comprehensively integrates data, services, applications, interfaces, and knowledge. This solution optimizes operational processes for government and enterprise users, enhances digital capabilities, and drives transformation and upgrades across various industries.

In addition, in response to the deep-seated demands of digital transformation, Inspur Software Technology has developed the SmartWave IoT platform to provide customized IoT solutions for various industries both domestically and internationally, facilitating their digital transformation and intelligent upgrades. The platform supports multiple deployment options, allowing it to easily adapt to diverse scenario requirements. Additionally, it offers various tools for diagnosing issues with abnormal devices, enabling rapid identification and resolution of device problems, greatly streamlining the maintenance management process.

Notably, the SmartWave IoT platform demonstrates robust device interaction and collaboration capabilities through its advanced rule engine and process orchestration technology. In emergency situations, it can automatically trigger relevant devices to effectively respond to unforeseen events. For instance, in the Xishuangbanna Asian Elephant Early Warning Monitoring Project, the platform successfully supported real-time observation and second-level alerts for wild Asian elephants, effectively mitigating potential risks of human-elephant conflict.

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SOURCE Inspur Software Technology (IST)

Technology

ASAA88 Upgrades Their Online Casino Singapore Website

Published

47 mins ago

September 25, 2024

SINGAPORE, Sept. 25, 2024 /PRNewswire/ — ASAA88, Singapore’s top gaming portal, is pleased to announce the launch of their newly designed, faster and more responsive website. As the demand for online casino Singapore keeps growing, the team has been continuously working on improving the player experience – which all betting enthusiasts can witness for themselves on the new site.

ASAA88 knows how important it is for its customers to have fun when it comes to online betting in Singapore. The updated website makes it easier to find and play their favorite games, as it loads faster and adds more tools to the interface.

Several Singaporeans visit ASAA88 on a daily basis to try betting games online. It has become one of the most popular online betting sites in Singapore. The user interface, excellent customer support and the wide variety of esports, betting games and casino games is what attracts the audience.

With the new upgrades, the website will be even better than before. The new, modern, responsive design makes the website compatible with a wide range of devices- rendering perfectly across computers, tablets, and smartphones- which creates a seamless, immersive experience for all players. This means that ASAA88’s huge library of online casino games is always open, and players can use any gadget to place their bets from anywhere.

Jayden, as an Admin for the ASAA88, said, “Millions of players prefer our platform for its ease of use, prompt customer support, and transparent guidelines. With this update, accounts will be handled faster, we can serve our customers better and make the experience smooth for anyone looking for Online betting in Singapore. With a clear focus on player satisfaction, innovation, and technology, we’re continuously adding to our extensive collection of entertaining and trendy games. We are always happy to hear from our clients to understand their expectations better.”

The launch of the new website marks another milestone in ASAA88’s journey to provide the best experience for all betting enthusiasts. The company is committed to leverage the latest technologies to enhance their offerings and satisfy their customers – as it keeps inching closer to becoming Singapore’s premier betting destination.

CONTACT:
Name: Jayden
Email id: admin@asaa88.net
Contact: +6011-13262217

View original content:https://www.prnewswire.co.uk/news-releases/asaa88-upgrades-their-online-casino-singapore-website-302256905.html

Technology

SINOTRUK Unveils Latest Lineup at IAA Transportation 2024

Published

47 mins ago

September 25, 2024

BEIJING, Sept. 23, 2024 /PRNewswire/ — A report from China Automotive News.

At the IAA Transportation 2024 in Hannover, SINOTRUK showcases seven advanced models including Yellow River with ultra-low drag coefficient SITRAK hydrogen fuel cell tractor, and HOWO Tongshuai battery electric light truck etc., which could be visited at Booth C08 in Halls 19&20.

SINOTRUK fulfills its commitment to green, intelligent, and efficient solutions, contributing Chinese expertise and innovation to shape the future of global commercial industry.

Eastern Aesthetics, Driven by Technological Innovation
Pioneering in China’s commercial vehicle sector, SINOTRUK has maintained a global perspective since entering international markets in 2004. SINOTRUK has topped the export sales of heavy trucks in China for 19 consecutive years, with products exported to more than 150 countries and regions. SINOTRUK has established a comprehensive sales and service network in Asia, Africa, Europe, and South America. SINOTRUK has won widespread recognition for its reliability and good performance, demonstrating strong global competitiveness.

SINOTRUK launched a complete lineup of green energy vehicles with Intelligent driving assistance system at the IAA 2024.This exhibition unfolds SINOTRUK’s expertise and vision in revolutionizing the commercial vehicle sector.

SINOTRUK’s booth shines on media day, with six innovative models exhibited. A full series of truck models covers a wide range of work scenarios, from heavy-duty trucks to light trucks and pickups.

Pioneering the Future, In Sync with a Global Green Revolution

Yellow River with ultra-low drag coefficient heavy truck
The Yellow River outperforms its counterparts in fuel efficiency and driving mileage. Multiple innovative designs were adopted to reduce drag coefficient such as electronic side mirrors, hidden door handles, and bio-mimetic fish-back trailer. A drag coefficient record at 0.286Cd could not have been set without four prototype generations and more than 500 rounds of high-precision CFD simulations conducted by a dedicated team of over 120 engineers. The record was certified by leading agencies such as TÜV Rheinland, IDIADA, and CATRC (China Automotive Technology & Research Center).

SITRAK hydrogen fuel cell tractor
SITRAK hydrogen fuel cell tractor is aimed at zero-emission long-haul transportation. Equipped with independently developed hydrogen fuel cell system, electric drive axle, intelligent powertrain and advanced control technologies, this model enables a mileage range of 1,200 kilometers. Highlighted parameters incorporate 1,100kW output and torque of 86,000N•m., dual 275kW PMSM motors on each axle, two-speed integrated electric drive axle and a comprehensive efficiency of 94.5%. Automatic and manual modes are for options.

SITRAK Battery Electric Tractor
SITRAK electric tractor provides an efficient and reliable solution for long-haul logistics. It adopts integrated modular and Cell-to-Body design, equipped with intelligent drive system and luxurious cabin. 600kWh CATL CTB LFP modular power battery pack is mounted, which delivers a total power output of 825kW and a maximum torque of 75,000N•m, with the transmission efficiency exceeding 94.5%. The vehicle offers a range of 450 kilometers, making it a perfect solution for long-haul logistics.

HOWO Tongshuai Pro Light Truck
HOWO Tongshuai Pro stands out for its excellent efficiency and long mileage range. This model adopts a centrally-mounted 100kWh blade battery pack, which ensures safety and enables fast-charging—from 20% to 80% in just 20 minutes. The modular flat-wire permanent magnet synchronous motor generates a peak power of 140kW, while the two-speed integrated electric drive axle improves power performance by 50% and reduces overall energy consumption by 10%. The truck allows a 300 kilometers trip by a single charge.

Bolden Pickup
SINOTRUK’s Bolden pickup made its debut at IAA 2024, it offers varied models tailored for off-road, commercial, and passenger use. Bolden pickup possesses powerful performance, luxurious interiors, and intelligent safety features. The powertrain is composed of a Weichai WP2H 2.0 Turbo diesel engine and SINOTRUK’s 8-speed automatic transmission, ensuring smooth and reliable performance.

Bolden pickup presents its latest low-carbon, sustainable, and intelligent transportation solution to global customers and partners.

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SOURCE China Automotive News