Language : English 简体 繁體
Media Report
October 26 , 2017
  • CNBC reports: "China is dominating the robotics market, according to the chief executive of Swedish-Swiss automation giant ABB. Ulrich Spiesshofer said Thursday that the Asian powerhouse is "the largest robotics market of the world," and that this would likely continue to be the case next year. ABB is clearly the number one in China. Our long-term investment that started more than a decade ago in China is paying off, he said. Beijing has made robot manufacturing a clear policy priority. In 2015, the government announced its Made in China 2025 intitiatve, aimed at boosting development in high-tech. It then introduced a Robotics Industry Development Plan, a five-year program to rapidly grow its industrial robotics sector."
  • Financial Times reports: "Booming debt markets and extravagant trading fees made China's investment banks the envy of many global rivals for the last few years.Not any more. Revenues from China's onshore bond market this year are down at half their 2016 level, partly because of government policies to discourage a dangerous build up in debt. As a consequence, Chinese banks are losing ground on the global stage, according to a Financial Times analysis covering more than 60 institutions ranging from market leaders Bank of China, Citic Securities and Haitong to smaller ones like Dragon Securities and Hengtai Securities. After more than trebling from 2013 to 2016, Chinese banks' share of the world's investment banking spending fell sharply in the first nine months of 2017, fee data from Dealogic show."
  • CNN comments: "The Chinese Communist Party (CCP) concluded its 19th National Congress this week, where it amended its constitution, set policy priorities, and selected new members to serve in its highest leadership bodies -- handing Chinese President Xi Jinping political power not seen since Mao Zedong was in charge of the country. While the congress largely focused on domestic policy, the key announcements will be studied carefully in capitals around the world -- especially in Washington... Since Trump's election last year, Xi Jinping has been treading on what would traditionally be considered US territory... In May, while announcing China's ambitious One Belt, One Road initiative, he put China forward as a nation that would take urgent action on climate change... The 19th Party Congress holds particular consequence for US-China relations. President Trump will make his inaugural visit to the Asia-Pacific region and to China early next month, becoming among the first world leaders to meet with Xi under his new mandate. Since taking office, Trump has developed a stronger working relationship and personal rapport with Xi, and can use the results of the party congress to make progress on priorities like stepping up pressure on North Korea, which only Xi has the authority to allow, and establishing a stronger foundation for the bilateral relationship for the years to come."

News
Commentary
Back to Top