Beijing closes largest small commodities market

Beijing on Saturday closed its largest small commodities market.

The Tianyi wholesale and retail market had been in operation for nearly 25 years and under pressure from e-commerce in recent years.

It had two outlets, with one near Di’anmen being closed in late 2015. The Fuchengmen market with a floor area of more than 40,000 square meters has now also been closed.

The two once had more than 3,000 vendors, offering 130,000 products.

Li Yunwei, an official with Xicheng district, home to the market, said authorities will attract high-end businesses, including tech and financial firms, to fill the building.

Over the past few years, authorities in Beijing have closed wholesale markets and small polluting firms in a bid to upgrade economy, control the population and reduce pollution.

In the first eight months of the year, Beijing dismantled 25 markets, closed another 41, and shut down or relocated more than 3,100 low-end businesses.

‘Granny panda’ celebrates ‘centennial’ birthday as she turns 35

A zoo in southwest China on Saturday threw a centennial birthday party for its celebrity “granny panda” who turns 35.

Xinxing, born in 1982, is one of the oldest giant pandas in the world. She is the matriarch of a huge panda family of 90. Her children and grandchildren are spread across the globe in 20 countries and regions including the United States, Canada and Japan.

On Saturday, Xinxing was treated with a feast of bamboo shoots and apples in the Chongqing Zoo. The song “happy birthday to you” was being played as she ate. Her offsprings in the zoos of Hong Kong, Toronto and Memphis followed the human’s tech fashion to send their greetings via online video clips.

But the grandma does not live alone. She is accompanied by a son, five grand-daughters and two great grand-children at the zoo.

Xinxing was brought to the zoo at one-year-old. Her first birth was in 1992. In 2002, she broke the record of old-age pregnancy for panda when she gave birth to a twin at 20.

Her care-taker Yin Yanqiang said Xinxing remains fit at 35 and has not developed any serious aging problems.

She weights 94 kilograms and eats 15 kg bamboo shoots and 1 kg bamboo leaves on average and plenty of fruits as well as refined feeds three times a day, Yin said.

The zoo has specially arranged for her purified water to drink and monthly physical check-ups. All aims to help Xinxing have a wonderful senior life, Yin added.

Giant pandas are known to have very low birth rates. In the wild, pandas normally live 15 to 20 years. The ones in captivity can live up to around 30 years, equivalent to 90 human years.

According to China’s State Forestry Administration, as of the end of 2013, there were fewer than 2,000 pandas living in the wild, mainly in the mountains of the provinces of Sichuan, Shaanxi and Gansu. Another 400 or so lived in captivity.

Earlier this week, the world’s oldest captive panda Basi died in China at the age of 37. Basi was the model for the mascot of the 1990 Beijing Asian Games, Pan Pan, which has become a household name.

China’s BeiDou-3 satellites get new chips

A new chip for the BeiDou Navigation Satellite System (BDS) was unveiled on Saturday by the Global Navigation Satellite System and Location Based Service (GNSS & LBS) Association of China (GLAC).

The chip supports the new generation of BeiDou-3 satellites for high-precision navigation and positioning. The positioning accuracy of the chip reaches the sub-meter level without ground-based augmentation.

The chip, developed by Shenzhen-based Allystar Technology, also has uses in unmanned driving systems, wearable devices, precision agriculture and smart logistics.

The value of the satellite navigation and LBS industry stood at 212 billion yuan (31 billion U.S. dollars) in 2016, up 22.1 percent from 2015, according to the GLAC. Core output totaled 80.8 billion yuan, 70 percent of which came from BDS.

Four BeiDou-3 satellites will be launched by the end of this year, and a complete global satellite navigation system in place around 2020, according Yang Changfeng, the system’s chief designer.

The scale of the BDS industry will reach 240 billion yuan around 2020, said Yang.

9 charged over dumping toxic waste into Yangtze River

Nine people have been charged for dumping 35,000 tonnes of garbage, about 20,000 tonnes of which contaminated a section of the Yangtze River near Shanghai.

The charges were brought Friday by the people’s procuratorate of Changshu City, Jiangsu Province against a local waste treatment company. The accused allegedly sold the daily garbage of Haiyan County to unqualified individuals for treatment between August and December 2016.

About 20,000 tonnes was dumped into sections of the river, while the remainder was buried untreated in other provinces, the prosecutors said.

The illegal operation was only halted last December when maritime officers in Taicang City spotted two boats dumping waste. The garbage was dumped into the upstream of two drinking water sources, prompting authorities to suspend taking water from the river for two days.

Taicang lies near the mouth of the Yangtze River, very close to Shanghai.

The Taicang government and a district government of Shanghai spent 5.9 million yuan (900,000 U.S. dollars) treating the pollution caused by the dumping.

Prosecutors said the garbage contained toxic substances. Hydroxybenzene was found to be 32,200 times over safe levels.

The ecological damage is estimated to reach 20 million yuan.

Press release: International Trade Secretary announces increasing financial support for UK businesses to trade with South Africa and Mozambique

International Trade Secretary, Dr Liam Fox , announced increases in financial trade support for UK businesses to trade with South Africa as he flew out to South Africa and Mozambique to discuss strengthening trade relations (Sunday 17 September).

The visit will help to further develop the good bilateral trade relationships with the South African and Mozambique governments, promoting mutually beneficial support for British investment in Africa. In 2015 trade with Africa totalled £30.8 billion and the International Trade Secretary’s visit will build on the strong opportunities for trade between the UK and Africa.

Investment ties between the UK and Africa are growing with African investment into the UK increasing by 500% between 2005 and 2014, and British investment more than doubling over the same period, clearly indicating the rich range of opportunities available.

As part of the visit Dr Fox announced that UK Export Finance (UKEF), the UK’s export credit agency, will double support for trade with South Africa to up to £3.5 billion, meaning an additional £1.75 billion will be available for UK companies exporting to South Africa and for South African buyers of UK goods and services.

The International Trade Secretary also announced that UKEF are offering UK businesses wider access to government-backed overseas investment insurance (OII) which will protect UK businesses investing abroad. The enhanced support comes as the Department for International Trade looks to encourage more UK companies to invest overseas, realising the opportunities presented by fast-growing developing economies around the world.

International Trade Secretary, Dr Liam Fox said:

As we leave the EU, it is a once in a lifetime opportunity to build a more open and outward looking Britain and forge independent trading arrangements with growing economies around the world.

That is why as an international economic department, we are making billions of pounds of additional financial support available to UK exporters and buyers of UK goods and services in South Africa and opening up further export opportunities for British businesses across Africa through overseas investment insurance.

As part of the visit to South Africa, Dr Fox will meet Rob Davies, Minister of Trade and Industry as both seek to reaffirm the importance of the UK/SA trade and investment relationship.

He will also tour the newly opened Invest SA One-Stop-Shop, part of the SA government’s initiative to attract investment and improve the business environment. Whilst there Dr Fox will meet with leaders of WESGRO, the provincial Investment Promotion Agency for the Western Cape, seeing how investment opportunities for British companies are being promoted.

The Trade Secretary will also see first-hand how UK investment overseas is positively impacting on the local workforce when he meets apprentices at the Jaguar Landrover apprenticeship facility in Johannesburg.

In Mozambique Dr Fox will continue to promote the importance of a UK trade and investment relationship overseas as he meets with President Filipe Nyusi and Trade Minister Ernesto Max Elias Tonela.

South Africa

Total trade in goods and services (ie exports plus imports) between the UK and South Africa totalled £8.1 billion in 2015, a 5.2% increase since 2014 (Source: ONS Pink Book 2016).

The top 5 UK goods exported to South Africa in 2016 were:

  • 84 – Machinery and mechanical appliances (18.7% of all UK goods exported to South Africa)

  • 85 – Electrical machinery and equipment (12.7%)

  • 87 – Motor vehicles (11.7%)

  • 30 – Pharmaceuticals (6.5%)

  • 22 – Beverages, spirits and vinegar (6.0%)

Source: HMRC Interactive database (Data by HS Commodity code)

Mozambique

Total trade in goods and services (ie exports plus imports) between the UK and Mozambique totalled £284 million in 2015 (Source: ONS Pink Book 2016).

The top 5 UK goods exported to Mozambique in 2016 were:

  • 85 – Electrical machinery and equipment (22.9% of all UK goods exported to Mozambique)

  • 84 – Machinery and mechanical appliances (19.8%)

  • 87 – Vehicles other than railway or tramway stock (17.5%)

  • 30 – Pharmaceutical products (6.8%)

  • 90 – Optical, photographic, cinematographic and medical equipment (5.8%)

Source: HMRC Interactive database (Data by HS Commodity code)

Further information