China Economy Forum

[TaiShang]

2014 scored higher quality growth: NBS
By Hu Weijia 2015-2-27

An economic hard landing unlikely: expert

China enjoyed a higher-quality economic growth in 2014 despite slowing down to 7.4 percent, the country's statistics authority said Thursday, with analysts saying a hard landing in China's economy is unlikely in the coming years.

Despite the slowdown, the overall outlook for China's economy is good and the quality of economy growth has improved in 2014, Xie Hongguang, the deputy head of the National Bureau of Statistics (NBS), said in a statement posted on NBS' website after the authority provided data on China's economic activities in 2014.

The official data showed that China's GDP stood at 63.6 trillion yuan ($10.2 trillion) in 2014 and growth in several high-end industries led the way.

Value-added output in China's high-tech and equipment manufacturing industries rose 12.3 percent and 10.5 percent, respectively, in 2014 from the previous year, 4 and 2.2 percent age points higher than the average levels, the data showed.

According to NBS' data, China's overall labor productivity, which measures economic efficiency, rose 7.0 percent in 2014 from the previous year.

Official data showed that China's GDP expanded by 7.4 percent year-on-year in 2014, down from 7.7 percent in 2013, which was the slowest since 1991, increasing concern over the health of the economy.

"The 7.4 percent growth is still within a reasonable range, as it can greatly help society, such as by boosting employment and improving people's living standards," Zhang Liqun, a researcher with the Development Research Center of the State Council, told the Global Times on Thursday.

Xie's words came several days before the central government was scheduled to unveil its GDP growth target for 2015 in the annual legislative and advisory sessions, which is expected to be held in March.

Analysts said the 2015 target will likely be lowered to above 7 percent but below last year's 7.5 percent target.

A hard landing in China's economy is unlikely in the coming years and high-quality growth will continue, even though the growth rate is expected to be 0.3-0.5 percentage points lower than in 2014, Wang Jun, an economist at the China Center for International Economic Exchanges, a Beijing-based think tank, told the Global Times Thursday.

The latest economic indicators released by HSBC Wednesday showed China's manufacturing sector bounced back in February, sparking optimism for sustained economic growth this year.

HSBC said Wednesday that China's flash Purchasing Managers' Index (PMI) edged up slightly to a four-month high of 50.1 in February, ending two consecutive months of contraction.

A reading above 50 indicates expansion in manufacturing, while a reading below 50 points shows a contraction.

The previous data about China's economic operations in January showed the economy still faces downturn pressure but the recently launched policies are expected to support an economic rebound in the coming months, Wang said.

According to a statement released after a State Council meeting chaired by Premier Li Keqiang on Wednesday, China will increase tax breaks for small and micro-sized firms and innovative enterprises in an effort to boost employment and encourage innovation.

The central government is also expected to announced more preferential policies for business in the coming months by further easing its fiscal and monetary policies, Wang said.

In anticipation of milder tweaks to the monetary policy, there could be more cuts in the reserve requirement ratio as well as in interest rates this year to spur economic growth, Zhou Hao, an economist at the ANZ Banking Group, told the Global Times on Wednesday.

Following potential monetary policy easing and deepened economic reform, China's economic growth in 2015 and in the long term could be sustained, and the annual economic growth target from 2016-2020 is expected to be set at 6.8 percent, Wang said.

Wang added that even a slower economic growth rate of 6.6 percent from 2016 to 2020 would allow the country to double its 2010 GDP and per capita incomes for both urban and rural residents by 2020, a goal announced by former top leader Hu Jintao at the opening of the 18th National Congress of the Communist Party of China in November 2012.

 

[Jlaw]

2014 scored higher quality growth: NBS
By Hu Weijia 2015-2-27

An economic hard landing unlikely: expert

China enjoyed a higher-quality economic growth in 2014 despite slowing down to 7.4 percent, the country's statistics authority said Thursday, with analysts saying a hard landing in China's economy is unlikely in the coming years.

Despite the slowdown, the overall outlook for China's economy is good and the quality of economy growth has improved in 2014, Xie Hongguang, the deputy head of the National Bureau of Statistics (NBS), said in a statement posted on NBS' website after the authority provided data on China's economic activities in 2014.

The official data showed that China's GDP stood at 63.6 trillion yuan ($10.2 trillion) in 2014 and growth in several high-end industries led the way.

Value-added output in China's high-tech and equipment manufacturing industries rose 12.3 percent and 10.5 percent, respectively, in 2014 from the previous year, 4 and 2.2 percent age points higher than the average levels, the data showed.

According to NBS' data, China's overall labor productivity, which measures economic efficiency, rose 7.0 percent in 2014 from the previous year.

Official data showed that China's GDP expanded by 7.4 percent year-on-year in 2014, down from 7.7 percent in 2013, which was the slowest since 1991, increasing concern over the health of the economy.

"The 7.4 percent growth is still within a reasonable range, as it can greatly help society, such as by boosting employment and improving people's living standards," Zhang Liqun, a researcher with the Development Research Center of the State Council, told the Global Times on Thursday.

Xie's words came several days before the central government was scheduled to unveil its GDP growth target for 2015 in the annual legislative and advisory sessions, which is expected to be held in March.

Analysts said the 2015 target will likely be lowered to above 7 percent but below last year's 7.5 percent target.

A hard landing in China's economy is unlikely in the coming years and high-quality growth will continue, even though the growth rate is expected to be 0.3-0.5 percentage points lower than in 2014, Wang Jun, an economist at the China Center for International Economic Exchanges, a Beijing-based think tank, told the Global Times Thursday.

The latest economic indicators released by HSBC Wednesday showed China's manufacturing sector bounced back in February, sparking optimism for sustained economic growth this year.

HSBC said Wednesday that China's flash Purchasing Managers' Index (PMI) edged up slightly to a four-month high of 50.1 in February, ending two consecutive months of contraction.

A reading above 50 indicates expansion in manufacturing, while a reading below 50 points shows a contraction.

The previous data about China's economic operations in January showed the economy still faces downturn pressure but the recently launched policies are expected to support an economic rebound in the coming months, Wang said.

According to a statement released after a State Council meeting chaired by Premier Li Keqiang on Wednesday, China will increase tax breaks for small and micro-sized firms and innovative enterprises in an effort to boost employment and encourage innovation.

The central government is also expected to announced more preferential policies for business in the coming months by further easing its fiscal and monetary policies, Wang said.

In anticipation of milder tweaks to the monetary policy, there could be more cuts in the reserve requirement ratio as well as in interest rates this year to spur economic growth, Zhou Hao, an economist at the ANZ Banking Group, told the Global Times on Wednesday.

Following potential monetary policy easing and deepened economic reform, China's economic growth in 2015 and in the long term could be sustained, and the annual economic growth target from 2016-2020 is expected to be set at 6.8 percent, Wang said.

Wang added that even a slower economic growth rate of 6.6 percent from 2016 to 2020 would allow the country to double its 2010 GDP and per capita incomes for both urban and rural residents by 2020, a goal announced by former top leader Hu Jintao at the opening of the 18th National Congress of the Communist Party of China in November 2012.

Team China 11
Team G. Chang 0

 

[Keel]

This could be the best-looking Android Wear smartwatch yet
And it comes from an unlikely source: Huawei

• By Dante D'Orazio
  
• on February 28, 2015 03:47 pm
  
• Email
• @dantedorazio

It looks like Huawei is taking smartwatches very seriously. As spotted by Droid Life, two official promo videos for the "Huawei Watch" have accidentally been set live on YouTube ahead of the device's likely announcement tomorrow at Mobile World Congress in Barcelona, Spain. Before the videos were released, the watch was pictured in an advertisement at Barcelona's El Prat airport.

From what we've seen so far, the company has made a very attractive smartwatch. The metal watch has a circular face like the Moto 360. Unlike that device, however, it has an entirely circular display that measures 42mm in diameter. One of the promotional videos reveals that the device has a sapphire display and a stainless steel unibody casing. There is also a digital crown that will bring the display back to the home watchface. It will come in at least three different finishes — silver, gold, and black — and the company promises there will be a wide array of straps. The video shows everything from a traditional bracelet to leather straps of varying widths. The company has also designed a number of very traditional watch faces for the Android Wear device.

We don't yet know the full specifications for the Android Wear smartwatch, but the video does reveal that the bottom of the watch includes a heart-rate monitor and full fitness tracking. Of course, no word yet on the battery life or screen resolution, but we're excited to learn more — one of the best looking smartwatches yet has come from an unlikely source. Check out the images below (pulled from the promo videos) for more.

Update: Huawei has officially announced its new smartwatch at MWC in Barcelona. It has a 286 ppi, 1.4-inch AMOLED touchscreen and includes a heart rate monitor, 4GB of memory, 512MB of RAM, a 6-axis motion sensor, and a Qualcomm 1.2GHz CPU.

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[TaiShang]

1. China Has Most Competitive Global Manufacturing Environment

Nothing much has changed since this report was issued in 2103. In summary, "In China, policies either encouraging or directly funding investments in science and technology, employee education, infrastructure development along with safety and health regulations and sustainability policies are helping to provide a competitive advantage according to Chinese executives surveyed. Policies Chinese business leaders see inhibiting their competitiveness in China include antitrust laws and regulations, government financial intervention and ownership in companies, foreign direct investment policies, immigration policies and corporate tax policies."

See here: https://www2.deloitte.com/content/dam/Deloitte/global/Documents/Manufacturing/gx_2013 Global Manufacturing Competitiveness Index_11_15_12.pdf

2. Chinese Economy Adjusts, Western Economists Freak Out

The Western financial media constantly harp on adjustments in China's monetary and fiscal policies as indicators of Chinese fears of an economic slowdown of crisis proportions. Which is rather ironic since China still has plenty of room to adjust it's economic policies while the US does not. The Chinese Central Bank can still adjust interest rates as they are in a range that allows for that. US interest rates? They hit rock bottom years ago and have stayed there. Fiscal policy? The US is in so much debt that it can't really do anything but print more money and sell more debt to finance itself. China has nearly 4 trillion dollars in Forex reserves and nearly 5 trillions dollars in gross domestic savings, over twice that of the US, giving it plenty of room to maneuver. The WSJ, Bloomberg, FT, etc. should be far more concerned with the US and EU economies rather than China's, which is the best performing in the world, by far.

See here: China PBOC Central Bank Cuts Benchmark Lending, Deposit Rates - WSJ

3. Chinese Labor Costs Rise, Now in Middle Range Internationally

The stereotype of China being a low wage country where workers are treated harshly is outdated and was a distortion to begin with. Now however the data show that China in terms of total labor costs is in the middle of the pack. China has seen costs in the labor market rise rapidly, in line with the country’s phenomenal economic progress, and is now ranked 64th in the International Labor Costs Index. By contrast, key sourcing destinations that are increasingly replacing Chinese manufacturers in global supply chains are at the bottom of the barrel in terms of the labor cost index with Myanmar (171), Bangladesh (170) and Cambodia (169) all ranked among the five lowest-cost economies.

The work undertaken in these countries is of comparatively low value, the average wage is less than US$100 per month, compared to US$450 per month in China, according to the International Labor Organization. Over time, this cost-competitiveness will likely attract investment, but without concerted governmental efforts will it drive development and increase productivity and wages, as it has in China? Or will workers in those countries continue to be used as a cheap labor pool with little or no improvement in their working conditions and pay scale?

See here: Verisk Maplecroft | Labour costs lowest in Myanmar, Bangladesh and Cambodia, least competitive in Italy, France – Global ranking

 

[Keel]

Haier extends its global brand market share to 10.2 %, topping the Euromonitor Global Major Appliances 2014 Brands rankings for the sixth consecutive year
01 01 2015

On December 31st, 2014, Haier was ranked again as the Number One Global Major Appliances Brand with 10.2% retail volume market share in 2014 according to the latest data released by Euromonitor International, the world's leading independent provider of business intelligence on industries, countries, companies, and consumers.

It is learned that this is the sixth consecutive year that Haier has been rated as the top of the Top Euromonitor Global Major Appliances Brands and the first time that Haier’s global retail sales has reached double digits. Haier also tops Euromonitor International's ranking in three product categories including Refrigeration Appliances, Home Laundry Appliances and Electrical Wine Cooler/Chiller.

The past year 2014 has witnessed profound changes in the world’s home appliances market. Household appliances giants in Europe and America as well as Japanese appliances brands have displayed unexpected changes. Global household appliances sales have experienced continuously decreasing growth and even negative growth. However, the research data from Euromonitor International shows that Haier’s global retail sales of major appliances have maintained a continuous increase since Haier topped the Euromonitor Global Major Appliances Brands rankings in 2009 with a global market share of 5.1%.This time Haier’s crowning for the sixth consecutive year with an absolute advantage of 10.2% in global market share against the market sluggishness endorses Haier’s successful transformation.

Haier’s continuous increase in global sales of major appliances is due to its ability to rapidly respond to the users’ pain points and meet users’ needs. Take refrigerators that are plugged in 24 hours as an example, the direct cooling refrigerators currently used by most households in China are not only power-hungry but also, in the case of frost formation, encourage the thriving of bacteria and are hard to be defrosted. However, the air cooled frost-free refrigerator developed by Haier resolves these user problems once and for all. Also, due to the revolutionary technology Haier’s air cooled refrigerators have gradually started to be universally spread.

Secondly for instance the washing machines that need be used weekly and even daily in many households. The inner tank of a pulsator washing machine that has been used for three years is reportedly 500 times dirtier than the closestool. In everyday life, consumers either know nothing about it or need regularly clean the washing machine tanks. Haier’s “No Need to Be Cleaned” washing machines enable consumers to have clothes washed really clean in cleaner tanks. In spite of the high price starting from 3999 RMB, Haier’s magical washing machines reaped nearly a sales volume of 200,000 units in 5 months, surpassing the industry’s high-end pulsator washing machines.

In addition, Haier’s wine coolers/chillers, like freezers, have also solved the pain spots of consumers and met those needs. Haier’s global sales of 22.8% with freezers and 18.1% with wine coolers/chillers represent their shares in the minds of users and also prove the popularity of these two products among the users.

In the Internet Age, Haier exhibits itself externally with the concept “Smart Home” and internally“the networked factory” . Haier’s “Smart Home” refers to the digitalized operation based on the understanding of and interacting with users. On Haier’s user-oriented big data platform about, the data tags on users’ interests/likes, brand preferences, buying intentions are numbered in billions, help generate clear user picture and clearly analyzes user needs to drive business innovation. What’s more, Haier’s smart household appliances such as the Air Rubik, “No Need to Be Cleaned” washing machines, Smart window refrigerators and SKFR series air-conditioners have represented the concrete implementation of Haier’s “Smart Home” strategy.

Haier’s “networked factory” serves as a connection between Haier’s research and development resources and users so as to create the optimized smart appliances product experience during the whole process. Answering to the trends of the internet age and focusing on users, Haier has removed the distance to interact with users and realized the real-time networking and interacting between global users and global R&D resources, module makers, staff and automatic equipment via the open eco-system of “the networked factory”, with the ultimate purpose of providing really designed-to-custom, made-to-custom and delivered-to-custom user experiences.

Besides, as China’s most time-honored brand in the field of smart household appliances, Haier U-home has been rated as China’s Number One Smart Household Appliances Brand for six consecutive years. Haier has so far built a one-stop smart life solution that covers household life sphere such as air, water, food, cleaning& care and entertainment based on the U+ Smart Life platform. This solution of Haier is changing people’s lifestyles.

 

[TaiShang]

79.8 Bln USD Infrastructure Program Begins in Gansu, China

2015-03-01 17:34:37 Xinhua Web Editor: Wang Wei

A huge infrastructure project kicked off in China's northwest province of Gansu, which will facilitate trade and people exchanges between China and central Asia.

Though the province does not share its borders with any central Asian countries, it will be an important stretch of the Silk Road Economic Belt.

The six-year, 500-billion-yuan (79.8 billion U.S. dollars) development project will add more than 60,000 kilometers of road, including 4,070 km expressways, and improve the connectivity of the existing transportation network.

The provincial authorities have not released the funding source, but officials told Xinhua local government-backed financing vehicle Gansu Provincial Highway Aviation Tourism Investment Group had invested in the project. Road construction receives fiscal support from the central government.

The province is also expected to build 12 civilian airports in the next six years, expanding the reach of its air service to 82 percent of the province's population, at 25.57 million in 2010.

Since the third quarter of last year, China's top economic planner has approved a slew of transportation projects to boost regional connectivity. It also launched a 40 billion U.S dollar fund backed by the country's foreign reserves to support infrastructure building in countries along the Silk Road Economic Belt and the 21st Century Maritime Silk Road.

 

[Keel]

Statistics show that there are more than 200,000 high voltage sodium lamps in the city's six major districts, and these account for over 80 percent of the city's streetlamps.

Beijing pilots street lamp chargers for electric cars
2015-01-12 15:34
XinhuaWeb Editor: Mo Hong'e

Beijing has launched a pilot project to transform street lamps to serve as charging poles for electric cars.

Eighty-eight high-pressure sodium lamps on a road in Beijing's Changping District have been converted into energy-saving LED lamps. Eight charging poles have been installed and put into trial operation using the energy saved from the new LED lamps, said the Beijing Municipal Science and Technology Commission.

The charging poles work day and night, alleviating charging demand for electric taxis and private cars in the area, said the commission.

Beijing will expand the project to other areas.

Beijing has built charging poles at new energy car dealers, parking lots, high-tech industry parks and expressway service areas.

The city plans to build 10,000 public charging poles for electric cars by 2017, the municipal government said in June of last year.

The charging poles will be installed in airports and train stations, public parking lots, malls and supermarket parking lots, highway rest areas, electric car dealers and gas stations.

The Chinese government has been encouraging consumers to buy electric vehicles as a solution to the country's pollution problems. But the plan has been hindered by a bottleneck in the charging infrastructure.

A charging system for the Beijing-Shanghai expressway will soon open. Over the weekend, five electric cars started a 1,262-km test journey from east China's business hub of Shanghai to Beijing, with charging stations available every 50 km in each direction.

China's electric car production jumped fourfold to 83,900 vehicles in 2014, the Ministry of Industry and Information Technology said Friday.

In 2014, output of pure electric passenger cars rose 300 percent from a year earlier to 37,800, with plug-in hybrid passenger cars reaching 16,700 units.

Measures including tax exemptions, price subsidies and requirements for government organs to buy green cars are in place. However, new energy cars still account for only a tiny proportion of total output. In the first 11 months of 2014, China's automotive industry produced 21.1 million vehicles.

 

[Keel]

China’s first rainbow tunnel opens to traffic
2015-03-02 14:33Ecns.cnWeb Editor:Yao Lan

Vehicles run under a newly-built rainbow coloured tunnel in Zhengzhou, Central China’s Henan province. The 400-meter-long tunnel, the first of its kind in China, has a total investment of nearly 100 million yuan ($16 million), according to construction workers. From both ends to the middle section, the color transitions from purple to blue to help drivers get used to the light change as they enter and exit the tunnel, sources said. (Photo: China News Service/Ma Yiheng)

 

[bobsm]

Chinese firms launch world's first graphene phones
China National News (IANS) Tuesday 3rd March, 2015

Two Chinese firms have beaten global competition to launch phones with touch screens, batteries and thermal conduction incorporating graphene, a recently isolated material with outstanding electrical, chemical and mechanical properties.

A batch of 30,000 such phones was jointly put on sale by the Moxi and Galapad technology firms on Monday in southwest China's Chongqing municipality, Xinhua news agency reported.

The use of graphene can make touch screens more sensitive and prolong battery life by 50 percent, according to the producers.

The key technology for the new phones, which use the Android system and will sell for 2,499 yuan ($406) each, was developed by the Chinese Academy of Sciences.

Graphene is a single layer of carbon atoms in a honeycomb lattice. It was first isolated in 2004. Scientists worldwide have been rushing to test it.

China leads the world in the mass production of graphene films for phone and computer touch screens. In 2013, a production line capable of producing tens of millions of graphene films every year went into operation in Chongqing.

Chinese firms launch world's first graphene phones - China National News

 

[TaiShang]

Commodities explained: China’s new normal
By Henry Sanderson, Financial Times

Home working: China has shifted the emphasis to a model based on domestic demand

As the Chinese return from their New Year celebrations, commodities traders and industry executives will be wondering what the year of the sheep holds for the sector.

Why is Chinese growth on the minds of commodities traders?

China has been the most important factor in commodities demand in the past decade.

The commodities “supercycle” that started in the early 2000s was largely driven by the country as investment in infrastructure, property, and factories producing exports for the globe required increasing imports of raw materials. Beijing’s 2009 stimulus further prolonged the demand, with loose credit encouraging the use of metal as collateral for loans.

China grew from consuming about 12 per cent of the world’s metals in 2000 to near 50 per cent today. In commodities like iron ore, between 1998 through 2008, China’s total demand rose more than five times. In steel, China grew to consume more than the US, Russia, India, Japan and Korea combined, and has also been a key driver of oil demand growth in the past decade.

But markets are having to come to terms with what President Xi Jinping has called the “new normal” Chinese economy. A sudden slowing or shift in commodities demand could ripple through global markets.

So what is happening now?

China’s demand patterns for commodities are changing. The question is whether these shifts are structural. Metals such as copper, which closely follow China’s economic data, have already been hit and are trading at their lowest levels in more than five years. Consumption of steel in China fell last year, the first time in 30 years it has recorded a drop.

Demand growth for oil is also slowing as the country’s energy consumption becomes increasingly efficient, according to the Oxford Institute for Energy Studies. China accounted for two-thirds of global oil demand growth between 2003 and 2012, yet 2014 saw the slowest growth in two decades. That is a harbinger of things to come, says the institute.

Which commodities will be affected as China transforms its economy?

Raw materials tied to construction and infrastructure, so called “early cycle” commodities such as steel, iron ore and coal, are the most likely to be affected. Many analysts believe copper demand will be hit this year and next as property construction slows.

In its analysis of a scenario where Chinese demand growth remains flat, Macquarie calculates that the copper market would have a 2m tonne surplus by 2019 rather than an expected deficit. For miners, that would erase the need for new capacity. Put another way: the boom days would definitely be over.

So far so negative. Are there any bright spots?

China’s overall commodity consumption is unlikely to have peaked at current levels of income per capita, says the International Monetary Fund. Instead it will shift gradually toward high-grade foods and metals.

The key drivers will be higher incomes and rising consumer power.

Some food commodities are expected to do well, with beef expected to become the fastest growing food import sector, increasing at a rate of 7 per cent a year, says the Food and Agriculture Organization. Dairy imports are also expected to increase sharply as a result of slower growth in domestic production.

Gold is also expected to benefit from rising disposable incomes and growing market infrastructure such as the Shanghai Gold Exchange.

Others, such as palladium, used in autocatalysis, nickel and zinc, ingredients for steel products could potentially benefit from a shift towards consumption via use in cars and household goods.

 

[cirr]

ZTE doubled 4G shipments and global market share exceeded 25% in 2014

zte | Posted: 03 Mar 2015, 10:20

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that its wireless division witnessed a year-on-year sales growth of 20 percent in 2014, seeing remarkable achievements in landscape, size, and market share.

In 2014, ZTE continued to grow steadily in the global 4G market, making breakthroughs in major countries and with high-end operators. Compared with 2013, ZTE's 4G eNodeB shipments doubled in 2014, accounting for more than 25 percent of the global market share. The sales of 4G core network products achieved a year-on-year growth of nearly 200 percent in the European market, making ZTE the world's fastest-growing supplier of 4G products.

By the end of December 2014, ZTE's wireless sector had signed more than 170 LTE/evolved packet core (EPC) commercial contracts worldwide, and entered 70 percent of the countries that have invested in 4G networks. With innovative solutions and high-quality networks, ZTE has become a leader in improving wireless network performance, saving network construction and maintenance costs for customers and improving customers' profitability. ZTE ranked first among the five manufacturers in the overall evaluation of commercial 4G networks by China Telecom in 2014. In addition, ZTE was highly praised in many third-party tests in Germany, Belgium, Hong Kong, South Africa, Nigeria, and other places.

In 2014, ZTE's full range of LTE eNodeBs, including distributed eNodeBs, indoor and outdoor macro eNodeBs and small cells, were widely used, meeting operators' requirements for network deployment in different scenarios. In 2014, ZTE launched the world's first 365 Mbps compact ultra-broadband RRU product, which is the most highly integrated device and provides more flexible multi-radio access technology (RAT) networking solutions. ZTE has put a baseband unit (BBU) product with the smallest size and largest capacity into large-scale commercial use. This product supports 2G/3G/4G RATs, matches the processing capacity of commercial networks, and meets operators' requirements for multi-RAT deployment.

ZTE's pioneering Qcell solution for intensive indoor coverage, which is applicable to active distributed indoor coverage of complicated buildings and integrates multiple RATs and frequencies, is also highly-rated by customers. ZTE launched the Cloud UniCore solution based on network function virtualization (NFV) and software-defined network (SDN) technologies for the convergence of IT and CT, which offers industry-leading cloud-based and virtualized wireless networks to meet the future development trends of wireless networks and user demands.

In 2014, ZTE continued its strategic efforts in 5G technologies and became a pioneer in the 5G field. In June 2014, ZTE first proposed its innovative pre-5G ideas and technology roadmaps, providing 5G-like ultra-high service experience by applying 5G technologies to existing 4G networks. ZTE has made outstanding progress in commercial use of pre-5G, and ZTE's original massive multiple-input multiple-output (MIMO), ultra-dense networks (UDN), and multi-user shared access (MUSA) have entered the commercial validation phase. In November 2014, ZTE completed a pre-commercial field test of the world's first Massive MIMO base station.

ZTE will continue its efforts in the wireless market, and implement its M-ICT strategy in mobile internet, SDN, voice over LTE (VoLTE), traffic management, big data, and other fields, to enhance independent innovation capabilities and launch innovative solutions.

ZTE doubled 4G shipments and global market share exceeded 25% in 2014 - OFweek News

 

[TaiShang]

ZTE doubled 4G shipments and global market share exceeded 25% in 2014

zte | Posted: 03 Mar 2015, 10:20

ZTE Corporation, a major international provider of telecommunications, enterprise and consumer technology solutions for the Mobile Internet, today announced that its wireless division witnessed a year-on-year sales growth of 20 percent in 2014, seeing remarkable achievements in landscape, size, and market share.

In 2014, ZTE continued to grow steadily in the global 4G market, making breakthroughs in major countries and with high-end operators. Compared with 2013, ZTE's 4G eNodeB shipments doubled in 2014, accounting for more than 25 percent of the global market share. The sales of 4G core network products achieved a year-on-year growth of nearly 200 percent in the European market, making ZTE the world's fastest-growing supplier of 4G products.

By the end of December 2014, ZTE's wireless sector had signed more than 170 LTE/evolved packet core (EPC) commercial contracts worldwide, and entered 70 percent of the countries that have invested in 4G networks. With innovative solutions and high-quality networks, ZTE has become a leader in improving wireless network performance, saving network construction and maintenance costs for customers and improving customers' profitability. ZTE ranked first among the five manufacturers in the overall evaluation of commercial 4G networks by China Telecom in 2014. In addition, ZTE was highly praised in many third-party tests in Germany, Belgium, Hong Kong, South Africa, Nigeria, and other places.

In 2014, ZTE's full range of LTE eNodeBs, including distributed eNodeBs, indoor and outdoor macro eNodeBs and small cells, were widely used, meeting operators' requirements for network deployment in different scenarios. In 2014, ZTE launched the world's first 365 Mbps compact ultra-broadband RRU product, which is the most highly integrated device and provides more flexible multi-radio access technology (RAT) networking solutions. ZTE has put a baseband unit (BBU) product with the smallest size and largest capacity into large-scale commercial use. This product supports 2G/3G/4G RATs, matches the processing capacity of commercial networks, and meets operators' requirements for multi-RAT deployment.

ZTE's pioneering Qcell solution for intensive indoor coverage, which is applicable to active distributed indoor coverage of complicated buildings and integrates multiple RATs and frequencies, is also highly-rated by customers. ZTE launched the Cloud UniCore solution based on network function virtualization (NFV) and software-defined network (SDN) technologies for the convergence of IT and CT, which offers industry-leading cloud-based and virtualized wireless networks to meet the future development trends of wireless networks and user demands.

In 2014, ZTE continued its strategic efforts in 5G technologies and became a pioneer in the 5G field. In June 2014, ZTE first proposed its innovative pre-5G ideas and technology roadmaps, providing 5G-like ultra-high service experience by applying 5G technologies to existing 4G networks. ZTE has made outstanding progress in commercial use of pre-5G, and ZTE's original massive multiple-input multiple-output (MIMO), ultra-dense networks (UDN), and multi-user shared access (MUSA) have entered the commercial validation phase. In November 2014, ZTE completed a pre-commercial field test of the world's first Massive MIMO base station.

ZTE will continue its efforts in the wireless market, and implement its M-ICT strategy in mobile internet, SDN, voice over LTE (VoLTE), traffic management, big data, and other fields, to enhance independent innovation capabilities and launch innovative solutions.

ZTE doubled 4G shipments and global market share exceeded 25% in 2014 - OFweek News

Moving up the value chain

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China's interest rate adjustments beteen 2008 and 2015

0 Comment(s)

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A Chinese bank clerk counts the stacks of one-hundred yuan notes for a customer at a bank in Hefei, east China's Anhui province on October 14, 2010. [File photo]



Year 2014-2015

Feb 28, 2015

A cut to benchmark interest rate by 25 basis points, lowering one-year benchmark loan rate to 5.35 and saving rate to 2.5 percent.

Nov 21, 2014

A cut to one-year benchmark lending rate by 40bps to 5.6 percent, cut to benchmark savings rate by 0.25bps to 2.75 percent.

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A clerk counts U.S. dollar and Chinese yuan notes. [File photo]



Year 2012

July 6

An asymmetric rate cut for the first time as benchmark lending rate was down 31bps to 6 percent, and savings rate down 25bps to 3 percent.

June 8

A 25bps rate cut to the benchmark lending and savings rate, which were brought down to 6.31 and 3.25 percent respectively.

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A clerk counts Chinese yuan notes. [File photo]



Year 2011

July 7

A 25bps increase to the benchmark lending and savings rate, which rose to 6.56 and 3.5 percent respectively.

April 6

A 25bps increase to the benchmark lending and savings rate, which rose to 6.31 and 3.25 percent respectively.

Feb 9

A 25bps increase to the benchmark lending and savings rate, which rose to 6.06 and 3 percent respectively.

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Year 2010

Dec 26

A 25bps increase to the benchmark lending and savings rate, which rose to 5.81 and 2.75 percent respectively.

Oct 20

A 25bps increase to the benchmark lending and savings rate, which rose to 5.56 and 2.5 percent respectively.


Year 2008

Dec 23

A 27bps cut to the benchmark lending and savings rate, which were brought down to 5.31 and 2.25 percent respectively.

Nov 27

A 108bps cut to the benchmark lending and savings rate, which were brought down to 5.58 and 2.52 percent respectively.

 

[cirr]

With the latest CPI running at 1.7%, a base rate of 5.35% leaves a lot of room for further monetary easing/stimulus.