Great Wall Motor bets big on hydrogen fuel cell vehicles

Great Wall Motor bets big on hydrogen fuel cell vehicles

Great Wall Motor Co Ltd, one of the country’s largest SUV and pickup manufacturers, is making hydrogen fuel cell electric vehicles a new focus for its bu

siness, expecting it to become a vital sector in the long term, according to a senior company executive.

The company’s first fuel cell model based on a dedicated electric ve

hicle platform is scheduled to debut in 2020, and the first fuel cell fleet will be launched during the 20

22 Winter Olympics, said Hu Shujie, senior vice-president of the Baoding, Hebei province-based automaker.

“Fuel cells are a mainstream (new energy) technology interna

tionally, and the commercial application of fuel cells has already begun in China,” said Hu.

He said Great Wall Motor has invested more than 1 billion yuan ($149 million) in research and development in hydrogen ene

rgy and fuel cell vehicles, and the company already owns a myriad of internationally prominent technologies.

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In February 2019, the construction of an electrolysis hydrog

In February 2019, the construction of an electrolysis hydrog

production plant and a hydrogen liquefaction plant started to extend the company’s operations along the value chain, rang

ing from hydrogen production and liquefaction, to hydrogen storage, transport, testing, refueling and applications.

The Baoding Great Wall Holdings Group Co Ltd, the indirect controlling shareholder of Great Wall Motor, said it pla

ns to acquire all the shares of Shanghai Fuel Cell Vehicle Powertrain Co Ltd soon. That would enable Great Wall M

otor to develop and deploy cost-competitive fuel cells for a variety of applications, according to the company.

Great Wall Motor has already established an internationally competitive R&D team of 240 technology experts.

With four R&D centers in Baoding, Shanghai, Munich in Germany and Yokohama in Japan, Hu said that Great Wall

Motor will make full use of world-class professionals to promote the R&D and marketization of hydrogen fuel cell vehicles.

The company is set to play a leading role in technological innovation in the fuel cell vehicle sector in China, he said.

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Austrian companies embrace China’s winter sports sector

Austrian companies embrace China’s winter sports sector

According to the ambitious plan released by the General Admi

nistration of Sport of China in 2016 to construct winter sports infrastructure and popularize winter spor

ts, at least 650 skating rinks and 800 ski resorts are expected to be build nationwide by 2022.

By 2025, about 300 million people in the country are expected to participate in winter

sports, increasing the market value of the winter sports sector to 1 trillion yuan.

Driven by multiple momentums, China has witnessed rapid growth in the winter sports ind

ustry in recent years, such as venue facilities, training, tourism and equipment sectors, said Peng Weiyong, dep

uty director general of Finance Department at the General Administration of Sports.

Winter sports has become a booster for China’s sports industry and even economic development, Peng added.

By the end of June 2018, the total number of ski resorts in China rose to 738, an increase of 70 or 10.5 percent over

the same period in 2017. The number of indoor ice rinks totaled 334, an increase of 75 or 29 percent year-on-yea

r increase. In 2018, 19.7 million people participated in skiing, up 12.6 percent year-on-year.

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hina is by far Austria’s greatest trading partner in Asia, said

hina is by far Austria’s greatest trading partner in Asia, said

Bilateral trade between China and Austria reached $6.4 billion in the first eight months of la

st year, up 20 percent year-on-year, according to the Foreign Ministry. As of August 2018, China has app

roved 1,288 investment projects from Austria, with an actual investment of $2.08 billion, signed 2,263 technology im

port contracts with Austria, with a cumulative contract value of $6.23 billion and directly invested $880 million in Austria.

“I’m pleased that a group number of Austrian companies got the chance to take part in the construction of winter sports

facilities and to provide the expertise for organizing great sports events like the Olympics,” Stift said.

“We are trying hard to get more Austrian ski instructors and traine

rs to China and the greater number of Chinese winter sports tourists to Austria”.

Besides winter sports, Austria is one of the most favorite travel destinations for Chinese tourists for is beautiful landsc

ape, food and shopping. “The growth rate, especially in winter tourism has been phenomenal the last few years,” said Glatz.

“Winter is a season when Chinese tourists should go to Austria to experi

ence a very different landscape from what they would see during the dry months in the summer months,” added Glatz.

The number of Chinese tourists in Australia might reach one million this year, said Stift.

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So, while the governments of China and the US may

So, while the governments of China and the US may

exhibit discomfort with one another, it is clear that person-to-person education and research diplomacy will continue to provide a

solid foundation for sustaining win-win academic projects. Any significant decoupling of the US and Chi

na in the education and research fields would prove detrimental to both countries.

In the globalized world of the 21st century, where international kn

owledge networks and crossborder collaborations have become the new norm, the US and C

hina should be seeking to build more bridges, not dismantling them.

The author is executive vice-chancellor of Duke Kunshan University, a joint-vent

ure university established by Duke University and China’s Wuhan Uni

versity, and professor of China Business and Technology at Duke University’s Fuqua School of Business.

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The Hong Kong Special Administrative Region (HKSAR) will

The Hong Kong Special Administrative Region (HKSAR) will

give full play to its advantages and seek complementary and mutually beneficial cooperation on inn

ovation and technology in the development of the Guangdong-Hong Kong-Macao Greater Ba

y Area, an official of the HKSAR government said in a recent interview with Xinhua.

The Guangdong-Hong Kong-Macao Greater Bay Area aims at building a globally influenti

al international innovation and technology hub, and Hong Kong’s role should be “capitalizing its

strengths to serve the country’s needs,” the HKSAR government’s Secretary for Innovation and Technology Nic

holas Yang said Tuesday, one day after China unveiled an outline development plan for the Greater Bay Area.

To build an international innovation and technology hub, Hong Kong has multiple advantages due to its world-class uni

versities, high international recognition and relatively low financing cost, according to Yang.

Home to four of the world‘s top 100 universities, Hong Kong i

s well recognized for its basic scientific research, he said, adding that the newly un

veiled outline development plan may encourage other elite universities around the globe to upgrade cooperation w

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His attorney described his client as an innocent man, saying Foxx

His attorney described his client as an innocent man, saying Foxx

  succumbed to public pressure.

  ”I think all the women are lying,” attorney Steve Greenberg said. “Mr. Kelly is strong, he’s got a lot

of support and he’s going to be vindicated on all these charges — one by one if it has to be.”

  Kelly turned himself in Friday night, just hours after Chicago police issued a warrant for his arrest. He arrived in a large,

black van wearing a hoodie under an electric blue puffer jacket. He waded through a sea of reporters asking que

stions like “What do you have to say to the fans?” and “What do you have to say to the black women of Chicago?”

  Kelly did not respond. Once he entered the building, he was handcuffed and led away by police. His arraignment is set for March 8.

  New evidence involves a tape and an underage girl

  Homeland Security Investigations is involved in an investigation of Kelly, a US Im

migration and Customs Enforcement official said. The official did not provide any details.

  A grand jury was convened in Cook County this month in connection with new allegations against Kelly, two sources close to the case told CNN.

  Greenberg told CNN this month that he had not been notified of a grand jury. Days before, attorney Michael Avenatti announc

ed he had given the State’s Attorney’s Office a videotape that he said showed Kelly having sex with an underage girl.

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An S10 owner must approve sharing battery life with som

An S10 owner must approve sharing battery life with som

  eone else — so you can’t sneakily leave your phone on top of a stranger’s device at a bar — and it’ll autom

atically stop when the host smartphone drops below a 30% charge. An S10 will even charge iPh

ones and other non-Samsung models — a generous feature that’s hard to imagine Apple ever rolling out.

  The company also announced wireless Samsung Galaxy buds ($128) that can be charged when placed on top of a Galaxy 10S displ

ay. (Consumers who pre-order any of the smartphones will get the buds for free).Considering what most sm

artphone users want is a better camera and longer-battery life, the updated Galaxy S line appears to check th

ose boxes and more. Although it’s unclear how the S10 5G will sell, experts argue it’s a necessary step toward the future.

  More wearables

  Samsung unveiled two new smartwatches, the Galaxy Watch

Active ($199) and Galaxy Fit ($99). The water resistant Active smartwatch can monitor blood press

ure, features a breathing app to help with stress and touts sleep tracking. The Fit is a stripped down version of the A

ctive in the form of a traditional fitness tracker. It can monitor heart rate, steps and can go an entire week on one charge.

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Nissan said this month that it would build its new X-Trail

Nissan said this month that it would build its new X-Trail

  rather than in northernEngland”Japanese businesses are seeing returning to Japan as affordable and profitable,” said S

tephen Nagy, an associate professor at International Christian University in Tokyo.

  Honda said it had decided to shut its plant because of “the unpre

cedented changes in the global automotive industry” such as the shift toward electric veh

cles. It plans to move production from Britain to Japan, the United States and China.

  Recent trade deals have also made Britain a less attractive base for Japanese companies after Brexit.

  Nagy pointed to the trade deal between the European Union and Japan, which took effec

t this month, and the agreement between 11 Pacific nations that kicked in at the end of last year.

  ”The UK will not be part of either [deal], making it a much less attractive platform for Japanese businesses,” he said.

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In short, thanks to changes in the internal and extern

In short, thanks to changes in the internal and extern

al environment, China’s monetary policy is expected to sail out of the “reefs” in 2019, becoming more flexible in maintaining its prudent, neutral, and marginally loose stance.

We believe that comprehensive and targeted cuts to reserve req

uirement ratios, reductions in open market rates, and increased use of targeted medium-term l

ending facility will become the main policy tools of China’s central bank in 2019. Only when extreme changes happen in the internal and external env

ironment (for example, the Chinese economy fails to stabilize in the middle of 2019 and the Fed doesn’t raise interest rates),

will the possibility of lowering the benchmark deposit and lending interest rates rise significantly.
hina will take measures to help domestic soybe

an and corn farmers, while also seeking to expand imports of certain agricultural products that are considered in s

hortage through diversified channels, according to a central government guideline released on Tuesday.

The plan, came before a new round of trade negotiations between Chinese and US officials set fo

r Thursday and Friday, shows Chinese policymakers’ determination to be le

ss dependent on US agricultural imports such as soybeans even if a deal is likely to be reached, industry analysts said.

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