Trade ties on the up thanks to FTA boost
The upgraded free trade agreement between China and New Zealand will generate fresh momentum for their trade ties in the coming years, boosting the trade in goods and services and regional connectivity activities.
Many opportunities occurred after the two sides inked an upgrade to their 12-year-old bilateral FTA in late January, on the basis of the Regional Comprehensive Economic Partnership that they signed along with 13 other countries in the region in November.
Under the upgraded agreement, China and New Zealand have committed to reinforcing cooperation in areas including e-commerce, competition rules, government procurement, and their trade in goods, said Yu Benlin, director-general of the Department of International Economic and Trade Affairs at the Ministry of Commerce.
Central SOEs to boost R&D spending By ZHONG NAN | China Daily | Updated: 2021-04-17 08:10 PowerChina employees undertake construction work in Bolikhamxay province, Laos, in August, 2020. [Photo/Xinhua]
China s centrally-administered State-owned enterprises will invest more in research and development to secure higher production efficiency and income during the country s 14th Five-Year Plan period (2021-25), while keeping liabilities under control, the country s top State-asset regulator said on Friday.
The government will guide central SOEs to further grasp the opportunities generated from the new round of technological revolution and industrial transformation during this period. Their focus will be on key areas of emerging industries with bit growth potential like digital, platform and sharing economies. They will cultivate new growth drivers, said Peng Huagang, secretary-general of the State-owned Assets Supervision and Administration Commis
Central SOEs to boost R&D spending chinadaily.com.cn - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinadaily.com.cn Daily Mail and Mail on Sunday newspapers.
Do We Need Another North American Railcar Builder?
The National Alabama railcar manufacturing facility is now idle.
ARS Canada Rolling Stock Co. is entering the North American freight railcar market with support from a $3 million repayable contribution from the New Brunswick Provincial government in Canada. Here we go again.
ARS is thought to be a venture of CRRC (China Railway Rolling Stock Corp.), a Chinese SOE (state-owned enterprise). Its manufacturing plant, to be located in Moncton, N.B., promises to create 83 jobs, with prospects to grow to 100 jobs over the next two years.
The North American railcar market is extremely cyclical, making it very difficult for freight railcar builders and component supply companies to manage the peaks and valleys. Because of this cyclicality, numerous carbuilders and suppliers have come and gone over the decades. To illustrate my point, below are excerpts from “Don’t We Ever Learn?,” a
Metro finalizes contract for new rail cars as company eyes D C region for new plant washingtonpost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonpost.com Daily Mail and Mail on Sunday newspapers.