Chinese electricity dealers ' fierce price war leads to public questioning

In this issue of international media "see more China" observation, the overseas media focus on China's electric business war, manufacturing development, 3D film consumer market, tourism and other topics.

Xinhua Beijing, August 20 (Financial channel Anlimin) in this issue of international media "see more China" observation, overseas media attention to China's electric business war, manufacturing development, 3D film consumer market, tourism and other topics. China's leading e-commerce players are trying to prove to investors that they are the only survivors of the sector as they continue to try to eliminate rivals, according to the Asia news agency.

17th Asia News Agency: China's electricity business fierce price war to lead the public to question

China's retail giants have begun slashing prices to grab a bigger share of the e-commerce market in a recent battle for buyers. Jingdong Mall founder announced from the beginning of Wednesday, Jingdong all the electricity will guarantee than its competitors Gome, suning chain cheaper than at least 10%, and accelerate delivery speed. Suning easy to buy the head immediately and the promise, sell all products price will be lower than Jingdong.

In China's vast social platform, such information, such as the stone provoked thousands of waves, attracted curious netizens ran to the computer to closely watch the price war trend. Related messages are forwarded more than 100,000 times.

With the rise of electronic trading platform, traditional household appliances retail giants are facing more and more pressure. The recent hot war coincided with the continued efforts by China's leading e-commerce players to eliminate rivals as they tried to prove to investors that they were the only survivors in the field.

16th ft: risk of renminbi devaluation

The renminbi has fallen 1% per cent against the dollar so far this year. The move, by most currencies, is not big, but a plunge for the renminbi, which has risen more than 30% per cent against the dollar since 2005 under tight controls in Beijing.

As China's economic growth slows, traders are betting that the renminbi will fall further in the coming months, creating a shock wave in China and around the world.

The renminbi's exchange rate against the dollar is a key financial benchmark linking China and the world. China uses the dollar to settle more than 70% of its imports and exports, and most of its $3.2 trillion trillion of its foreign-exchange reserves are dollar assets. The weakness of the renminbi, if sustained, could hamper Beijing's plans to push the internationalisation of the renminbi, because people are generally unwilling to accept a currency that could be devalued.

While most economists expect the renminbi to be flat or slightly elevated in the coming year, financial markets portend another prospect. The renminbi will fall 1.3% per cent against the dollar over the next 12 months, judging by the non-principal delivery forward (NDF) market for future currency bets.

Some experts say the renminbi will fall much more than that. Jim Walker, the economist who foresaw the 1997 Asian financial crisis, predicted that the renminbi would depreciate by 5% in the next year because "the financial situation of Chinese companies is Jim Walker." If the renminbi is a free-floating currency, the decline is likely to be well above 5%, Walker said.

16th, Canada "Star Island daily": From the London Olympics to see "Made in China" to break

Chinese-made fireworks, at the opening and closing ceremonies of the London Olympics, have been unveiled in the eyes of 400 million of viewers around the world. The Olympic Games from the mascot to the official designated souvenirs, most with "Made in China" label. However, most of these Chinese products are parasitic under the brand hedges of Europe and America.

Of the 194 souvenirs listed in the London Olympic website, only 9% are British products, Chinese products accounted for the recorded, most of them from Dongguan, there are estimates that the Dongguan manufacturing and export of the LUN Austrian souvenirs up to 2.5 million.

Through these rigorous tests, Chinese manufacturers show that China is technically able to meet the standards demanded by the European and American brands. However, China has few brands to capture the hearts of European and American mass consumers. At present, Chinese brands are mainly in the developing countries, in advanced countries such as Europe and the United States market, Chinese brands are often regarded as non-delivery.

Obviously the most profitable is the European and American brand holders, Chinese products have become the grinding heart of international trade disputes. The development of independent innovation, and its own brand, has become the national economy to high value-added transformation of the goal.

In Olympic medals, China has been catching up for years and finally topped the gold medal at the Beijing Olympics. But from Lengo, China is still running a difficult marathon in the "Made in China" brand competition. It is obviously a new subject for China to make further breakthroughs in the fields of sports Gold medal competition and industrial brand competition.

15th CNN: Tourism boom threatens China's world heritage

In a secluded corner of China's Pearl River Delta, there are hundreds of abandoned towers dotted between paddy fields, bamboo groves and ancient villages. At the end of the 19 century, when the warlords were rampant, the villages built towers to protect themselves. Now, Kaiping, a UNESCO World Heritage site, is facing the threat of a stunning and thriving Chinese tourism industry.

Every weekend, most of the towers in the village will attract dozens of sightseeing buses. Waving a red flag, wearing a loudspeaker guide to guide tourists shuttling between the towers. They sometimes catch up on the muddy path of thin chicken, photographed, and sometimes taste "peasant rice" or buy rough bamboo crafts. The few elderly residents in the village sat on a plastic stool, staring blankly.

The scene is on the site of World Heritage sites all over China. Cliss Raien, a professor at Waikato University in New Zealand, says the world heritage is increasingly being used as a tool for economic development in China's underdeveloped regions. The motivation behind this identity is that the attendant protection, retention and restoration in China seem to be directed primarily at promoting tourism and economic interests. China's domestic tourism reached 2.6 billion last year, and just over 1 billion in 7 years ago. In the remote areas where few people used to be in the past, there are a lot of tourists, because people have money to play.

China currently has 43 world heritage sites, and dozens of are ready to claim. The head of the Asia-Pacific Department of the United Nations World Heritage Center said that the reputation of the world heritage has led to increased tourists, but the pressure on China's mass tourism is particularly serious. It is a challenge for Kaiping and other Chinese monuments to avoid harming historical relics and interfering with the residents in the premise of maximizing economic benefits.

15th The Wall Street Journal (blog, Weibo): International Hotel for the Chinese market recount

Hotel bosses are bowing to welcome Chinese customers, promising to meet all their needs, from free oolong tea to porridge on the room menu. The battle for the Chinese market is already getting hotter, and now every hotel has to follow the Chinese pace.

Hilton is about to launch a limited edition slipper designed by Tan Yuyan. She used China's most famous totem dragon as a vamp decoration. Hilton is not the first hotel to find ways to attract Chinese customers. The Marriott Hotel launched a "Marriott courtesy" event in July, which means "courteous service for You". The service includes "Asian human-style" bathrobe, which arranges Chinese customers on floors and rooms with auspicious numbers of "6" and "8". Other hotels have similar innovations. Starwood last year launched a personalized Chinese tourism campaign. Intercontinental Hotel announces the launch of the China sub-brand Hua Yi Hotel before the end of 2013. Fairmont announced in June that it would launch a Chinese menu at its restaurant and offer Chinese tableware.

Hotels around the world want to get a slice of the Chinese market. According to a Boston consulting firm's latest forecast, China's domestic and international tourism earnings will rise by 14% over the next 9 years, which will breed a huge market of 5.5 trillion yuan. The tourism boom made by Chinese consumers will overtake Japan in 2020.

14th British media: China's only child stresses substance makes parents complain

According to the BBC, new students are buying all kinds of "equipment" for college life, and many new students are demanding to buy "Apple three sets", that is, iphone, IPad3 and Mac book. The so-called "three-piece" apple, which is not worth more than 20,000 yuan, is thought to be disgraced in college.

Parents feel that college students are not the same. Some parents recall the past when they went to college, when the freshmen report themselves with a pole pick baggage into the school gate. reported that the majority of students now parents do not have much income, but in addition to pay tuition and living expenses for their children, but also for their children to buy tens of thousands of yuan mobile phone computer and other expensive digital products, has been overwhelmed, suffer. But there are parents to reward their children to go to school, so that they are satisfied, can only bite the teeth to pay money.

Some commentators say that China's only child, especially young people, are mostly spoiled by the family, selfish, indifferent, willful and irresponsible. Critics lament that young people whose parents cannot satisfy their desires are better off looking at the confused children who sell their kidneys to buy an apple phone.

14th, "World News": "Made in China" towards the top brand

"Made in China" was once considered a cheap and shoddy product. But nowadays, this kind of voice is increasingly rare. Many Chinese companies focus on quality and aspire to create top-level labels around the world. This great country is becoming more and more confident.

When the country opened up to Western enterprises in the 80, "Made in China" was synonymous with large quantities, low cost and low quality.

As the economy advances, "Made in China" is now linked to innovation, uniqueness and detail. Whether it's a small handmade workshop or a large scale enterprise, it's creating its own brand. More and more Chinese people are proud of their products.

In China, product quality has become a new focus. Feutesis, a professor of international business at Pforzheim University in Germany, says Chinese consumers have learned to appreciate the quality of their products. More Chinese companies are moving to the international market, both to attract overseas customers and to target local customers, to make products more attractive. Li Ning's sporting goods have opened stores in London and Paris, and rival Berkshire has opened stores in the United States.

Beijing encourages domestic companies to go out, but not all industries. Chinese People act very carefully. For example, more and more Chinese goods vehicles are sold to Uzbekistan, Egypt and Sri Lanka. But the Chinese car makers are still waiting for the opportunity to enter higher-demand European markets when quality improves.

13th The New York Times: Hollywood sees China 3D market

China is now the main export market for Hollywood films, at box office earnings. Last week, Cameron-Pace, the 3D technology company, announced that the group's China headquarters would be settled in Tianjin. In Cameron's view, the film from Black-and-White to color about 25 years, but China's move to 3D films may be faster, perhaps more than 10 years to complete. This contrasts sharply with the North American market, which is hesitant about 3D films.

By contrast, the Chinese government has encouraged relatively expensive spending options, thanks to a push to shift manufacturing to consumerism. In February this year, China further opened its market to foreign films, adding 14 films a year, as long as it was 3D or IMAX.

Mr Cameron-Pace group says the group's China headquarters is just the starting point for its new adventures in Tianjin. Mr Cameron and his partner, pace, have set their sights on 500 million TVs in China and the Chinese will buy 20 million 3D TVs before the end of 2012.

Appendix: Excerpts from recent international economic cooperation activities involving Chinese enterprises

17th after PetroChina, Sinopec Research and development of aviation bio-fuel has been successful, China Commercial Aircraft Co., Ltd. also joined hands with Boeing to enter the aviation biofuel research and Development highlands, the two sides 16th in Beijing to set up energy-saving technology center, to seek from the "gutter oil" to refine the formula of aviation fuel.

It is reported that the project aims to identify the "gutter oil" in the pollutants, and to determine the treatment, cleaning of gutter oil to make it into aviation fuel related processes. According to Boeing, China consumes about 29 million tonnes of edible oil each year, while China's aviation industry uses 20 million tonnes of aviation oil each year, and discarded edible oil has the potential to be a feedstock for sustainable production of aerospace biofuels. The search for the conversion of waste "gutter oil" into aviation oil can increase the regional supply of biofuels and improve the availability of biofuels.

16th reporters from the Fukuda car last week (600166, shares bar) learned that Fukuda India factory will be opened in the second half of the year, the initial capacity of 100,000 vehicles, mainly the production of commercial vehicle products. Fukuda India also plans to further boost capacity in India.

In Fukuda's overseas strategy, India and Russia are the current priorities, and the Indian market is breaking faster than planned. According to Foton 2020 strategy, from 2011 to 2015 will break through the two major strategic markets in India and Russia, now have substantial results. Fukuda's factory in Russia has also started, initially planning capacity of 100,000 vehicles.

15th in recent days, in the western part of China's Petroliferous Basin, Turpan-Hami Basin, PetroChina (601857, shares bar) AG and the United States of the company's exploration experts gathered in a place called Santanghu, which attracts them is not the basin is the harvest of the delicious grapes and a long splendid gaochang culture, but deep underground shale oil resources.

Through joint research and many exchanges, a team of two international oil companies has developed an exploratory evaluation and development plan for shale oil. This is PetroChina's first unconventional oil and gas project for foreign cooperation. According to the agreement, two enterprises will be in the three ponds Malang block hundreds of square kilometers of the region to jointly develop shale oil. (Beijing City Financial Channel)