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.
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.
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.
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.
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
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.