China

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on future technology

Chemical Segment to Present Lucrative Opportunities in Air Separation Plants Market, China to Exhibit Promising Growth

Owing to the increased adoption of air separation plants in chemical, healthcare and food industry, revenue is set to steer up tremendously through 2029.

DUBAI, UAE / ACCESSWIRE / October 12, 2020 / The air separation plant market expected to surpass US$ 4870.6 million by 2029 as a part of which China and India is expected to witness a positive graph for the demand and production of air separation plants market. Due to increasing demand in major industries, manufacturers are working on developing on-site customized plant systems to gain a steady growth.

“Among the others, though chemical industry will hold maximum share, it will not outsell other major industries. It will surely dominate the market and will hold a considerable share but customized side of it will help the profit rise tremendously. Manufacturers are also focussing on better utilization of resources, raw materials and decreasing labour cost to enhance revenue

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on new technology

Xi Trip to Hong Kong’s Doorstep Shows China Plan to Unify Region

(Bloomberg) — President Xi Jinping is set to visit Shenzhen this week to shore up plans to make southern China a global technology hub, prompting Hong Kong leader Carrie Lam to delay an annual economic policy address.



Xi Jinping wearing a suit and tie: Xi Jinping, China's president, delivers a speech after arriving at Macau International Airport in Macau, China, on Wednesday, Dec. 18, 2019. President Xi is expected to use a visit marking 20 years of Chinese rule over Macau this week to send a message to the protest-stricken financial hub some 50 kilometers (30 miles) to the east: work with us and get rich.

© Bloomberg
Xi Jinping, China’s president, delivers a speech after arriving at Macau International Airport in Macau, China, on Wednesday, Dec. 18, 2019. President Xi is expected to use a visit marking 20 years of Chinese rule over Macau this week to send a message to the protest-stricken financial hub some 50 kilometers (30 miles) to the east: work with us and get rich.

Xi is scheduled to deliver an address Wednesday and meet the leaders of Hong Kong and Macau, the official Xinhua News Agency said Monday. The trip is intended to mark the 40th anniversary of the special economic zone that transformed Shenzhen from a sleepy fishing village to a bustling

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on new technology

China denies Canadians ‘arbitrarily’ detained over Meng case

China is denying it “arbitrarily” detained two Canadian citizens in response to Canada’s arrest of an executive of technology giant Huawei

October 12, 2020, 10:14 AM

2 min read

BEIJING — China on Monday denied that two Canadian citizens held for almost two years had been “arbitrarily” detained in response to Canada’s arrest of an executive of technology giant Huawei.

Foreign ministry spokesperson Zhao Lijian’s denial came days after China granted consular access to Michael Kovrig and Michael Spavor for the first time since January. Canada’s government on Saturday issued a statement saying it remains “deeply concerned by the arbitrary detention by Chinese authorities” of the two, and called for their immediate release.

Zhao said China “firmly opposes the erroneous statements made by Canada” and reiterated its claim that Kovrig and Spavor were “suspected of engaging in activities that endanger China’s national security.”

“The Chinese

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on new technology

China held a $1.5 million lottery to test a new digital currency

China is taking its digital currency tests to a new level by giving away more than 10 million yuan ($1.5 million) in a new lottery (via CNBC). The state-run People’s Bank of China gave 50,000 randomly selected citizens a “red packet” worth 200 yuan ($30), to spend at several thousand designated retailers in Shenzhen’s Luohu district. The idea is to not only test the technology involved, but boost consumer spending in the wake of the COVID-19 pandemic.

The winners will be be required to download a digital Renminbi app in order to receive the digital money, according to state news site China Daily. After that, they’ll reportedly be able to buy goods from local pharmacies, supermarkets and even Walmart,.

China started ramping up trials with the digital yuan last April, when it ran a pilot program that reportedly included US companies like McDonald’s and Subway. Unlike decentralized cryptocurrencies

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on technology

An Emerging Internet Giant in China

Pinduoduo Inc. (NASDAQ: PDD) is turning out to be the second most successful e-commerce channel in China. Through its advanced and integrated business model, it has outperformed many of its competitors in a noisy and over-crowded industry. In terms of number of orders and consumers, Pinduoduo is the second largest internet giant in China, according to a detailed analysis by Turner Novak.

Pinduoduo was founded initially back in 2015 as Pinhaohuo (PHH). The initial business model of PHH was buying fruits in bulk from farmers and selling them directly to the consumers using online channel. Pinhaohuo, since a newly established entity did not have its own website or application, used the group chats platform of Tencent’s popular Wechat – often referred to as the Facebook of China. Since a huge chunk of people were using it, it proved a jump-off point for Pinhaohuo’s growth.

06photo/Shutterstock.com

Initially, it got fame and

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on modern technology

Would China Ever Build a Modern Battleship?

Key Point: Modern battlewagons could be a real thing. The question is how much they would matter.

S’pose China built a battleship. What would such a sea creature look like, and how would it fare in the bare-knuckles world of naval diplomacy and warfare? This is no mere flight of fancy. No, the People’s Liberation Army (PLA) is not about to embrace a retrograde approach to fleet design, sinking finite resources into majestic but obsolescent ship types.

But it may refresh antiquarian ideas for modern times—as military folk have done throughout history. Martial concepts of old often find new life as technology advances and the strategic environment changes.

This appeared earlier and is being reposted due to reader interest.

Master historian Julian Corbett foresaw the battleship’s demise over a century ago. During the age of sail ships of the line stood at the forefront of naval warfare, brushing aside

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on new technology

Facebook’s China Tactics Backfire – The New York Times

This article is part of the On Tech newsletter. You can sign up here to receive it weekdays.

Instagram’s boss had a message this week for the White House and the world: It was counterproductive for the United States to try to ban TikTok, the popular video app from China.

It’s bad for U.S. tech companies and people in the United States, Adam Mosseri, the head of Instagram, told Axios, if other countries take similar steps against technology from beyond their borders — including Facebook and its Instagram app. (He and Mark Zuckerberg have said this before, too.) “It’s really going to be problematic if we end up banning TikTok and we set a precedent for more countries to ban more apps,” he said.

Mosseri has a point. What he didn’t say, though, was that Facebook has itself partly to blame. The company helped fan the fears about TikTok

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on science

University of Nottingham Ningbo China Scholar Earns Patent for Intellectual Property Protection in 3D Printing

Hing Kai Chan, Professor of Operations Management at the University of Nottingham Ningbo China (UNNC), and his team recently gained authorisation from the National Intellectual Property Office for the patent “Digital watermarking method for 3D printing models”. The new patent tracks and protects intellectual property in 3D printing.

“The toughest problem in 3D printing is not technology, but the protection of intellectual property,” Professor Chan introduces. At present, the anti-counterfeiting of 3D printing model is mainly achieved by embedding digital watermark into triangular mesh data, but not all the model files are in triangular mesh format, and the embedded digital watermark may be lost in printing and manufacturing.

The model invented by Professor Chan’s team uses the algorithm to transform the 3D spatial matrix similarity problem into 2D image matching problem with high accuracy in the detection result. Moreover, the digital watermark is almost invisible to the naked eye, which

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on technology

UK report accuses Huawei of collusion with China

The report has consulted a number of sources, including venture capitalist André Pienaar, Henry Jackson society fellow Christopher Balding and Roslyn Layton, founder of China Tech Threat. These figures point to the subsidies the company has reportedly received and its opaque ownership model as reasons for a ban. The report adds that the use of Huawei equipment in the UK has caused some consternation from other members of the Five Eyes intelligence-sharing network. 

As much as the documents look to criticize Huawei, it also serves as an indictment of successive governments policy toward IT and manufacturing. One of the reasons that Huawei was able to achieve such a large part of the market was because of its low price. This hasn’t been helped by a “lack of diversity across the telecoms supply chain,” which the report says “creates the possibility of national dependence on single suppliers.” The fact that the

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on emerging technology

US is losing ‘tech cold war with China’ says Ripple co-founder

Speaking at the LA Blockchain Summit conference on October 6, Ripple co-founder, Chris Larsen, slammed the United States for falling behind in the race to design “the next generation of the global financial system.”

The address expanded on some of Larsen’s frustrations with U.S. regulations that has led to the company considering moving to a different jurisdiction.

Larsen argues the U.S. has fallen “woefully behind” in the ongoing “tech cold war with China,” asserting that China’s central government has outpaced American lawmakers in providing legislative clarity, allocating resources, building infrastructure, and fostering innovation in blockchain and other emerging technologies, including big data, surveillance, and A.I.

“China has recognized that those technologies are the keys to who is going to control the next gen financial system […] SWIFT and correspondent banking is not going to be the system we are going to be living with over the next two decades.” 

The

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