Sunday, December 19, 2021

Top Chinese business news Dec 2021

After the discovery of the highly contagious variant of incoming travelers in the southern province Guangdong, Hunan's provincial capital is now the latest victim. According to local health authorities, the infected individuals have not left closed-loop quarantine and are currently being treated in hospitals.



Beijing placed China's zero strategy under severe pressure. 

However, no local transmissions have been reported. China's closed borders make it less vulnerable to the spread of Omicron, but there are increased risks.


In less than 50 days Beijing will host the Winter Olympics. 

Tens of thousands of foreigners are allowed to enter the country. Recent reports have shown that Chinese shotsgiven by the vast majority of China's highly vaccinated population do not provide enough antibodies against omicron. source



China must ensure that ports and borders are secure before the Olympic events, Liang Wannian (an epidemiologist who heads China's special taskforce on the pandemic response) said at a press release.


China's rapid socioeconomic

China's rapid socioeconomic, and demographic change will have a profound impact on the wellbeing and health of its people. To fulfill its promise of a Healthy China 2030, it will be essential to prepare the health system and the public health response to new threats and challenges. This issue of The Lancet Public Health focuses on the health of China's 1*4billion citizens. It features the best Chinese research and highlights the most urgent public health issues. source


Non-communicable disease is the main cause of death and morbidity in China today. 




An assortment of articles on cancer, stroke and injury show how it is important to address persistent disparities and reduce risk factors. Hongmei Zeng, along with colleagues, looked at five common cancers. They identified differences in diagnosis and reported large disparities between male and female patients. This has important implications for cancer awareness, screening and early detection. China is responsible for almost half of all new cases of stomach cancer worldwide. Ling Yang and his colleagues estimated that around 80% of non-cardiagastric cancer cases and 60% of cardia gastric carcinoma cases in China could be attributed to Helicobacter Pylori infection. recommend that population-based H pylori screening be performed and that eradication be taken into consideration for gastric cancer prevention.




The Global Burden of Diseases, Injuries, and Risk Factors Study (GBD), 2019 also appears in this issue. Qingfeng Ma and her colleagues discuss the risk factors and burden of stroke. The burden of stroke was high in 2019, with 3*94,000,000 new stroke cases. However, the age-standardised mortality and incidence rates have declined since 1990. 


This high burden can be reduced by effective prevention strategies against its major risk factors, such as high blood pressure, high blood sugar, high levels of air pollution, smoking, and diet. Peng peng Ye, along with colleagues, report on the impact of falls among older adults. 


Falls are the leading cause for injury-related death in older adults. The incidence of falls among people 60 and older in China has increased significantly between 1990 and 2019. This highlights the need to invest in fall prevention strategies in order to reduce risks and address an increasing absolute burden with ageing. source



In China, there were 264 million people 60 and over in 2020. This number is expected to rise to 300 million by 2025, which would be nearly a fifth of the total population. This demographic shift could cause a major disruption to China's business system. 


Friday, May 7, 2021

Business in Hainan, new trade policy and opportunities

 The development of the Hainan Freeport draws a much anticipated plan for locals, tourists and businessmen as a whole. As the COVID-19 epidemic is now globally under control nationally and travel restrictions have been lifted in large parts of the country, Hainan Province (southern China) has recently become one of the most popular tourist destinations.


Thus, according to Deng Yongbo, secretary general of the Sanya Tourism Federation, more than 90% of the rooms were fully occupied in Yanglong Bay and Haitang Bay during most of July and August in two five-star hotel groups. of international brands.


Hainan's unique tropical tourism resources were transformed as a factor that fueled the travel boom when the epidemic prevented people from traveling abroad. But the real boon has been the newly improved incentives of the duty-free purchasing policy granted offshore by the central government to promote the development of the Hainan Freeport.


Since July 1, Hainan has increased its annual duty-free shopping quota from 30,000 yuan ($ 4,392) to 100,000 yuan per person. The number of duty-free product categories has also increased from 38 to 45, with products such as cellphones, laptops and wine products being added to the list.


“Business in August, the summer vacation period, was even more dynamic than the traditional Spring Festival period. The highest daily passenger flow reached 40,000, ”said Zhao Jing, deputy director of marketing department of Sanya Duty Free Shopping Complex, the world's largest duty free store, with a total area of ​​120,000 meters. square and showcasing more than 350 international luxury brands.


Customs data from Haikou, the provincial capital, showed Hainan's duty-free sales topped 5.58 billion yuan from July 1 to August 31, up 221.9 percent year-on-year. .


Haina provincial trade authority officials say the new policy is expected to play a role in winning back consumers who previously bought high-end products overseas.


Hainan currently has four offshore duty free shops. Two are in Haikou, one in Qionghai and the other in the very popular resort town of Sanya, where the island province plans to build more duty-free shops.


According to Xie Xiangxiang, associate professor of tourism at Hainan University, the new policy unlocks the consumption power of high-end Chinese consumers. “The construction of new duty free shops in the French port of Hainan will encourage competition, which in turn will create better shopping experiences for customers, bringing richer varieties of branded products, lower prices through promotions and better services ”.

China VCs Fund Gene Editing, Big Data, And Online Education Startups

China Money Podcast, listen to all the news headlines in the China venture investment and tech sector for the week ending April 23.

source : https://www.chinamoneynetwork.com/2021/04/23/china-money-podcast-vcs-fund-gene-editing-big-data-and-online-education-startups



We monitored 75 different startup, growth stage, and pre-IPO investment deals closing in the past 5 days totaling US$1.77 billion across China. Investors such as BioTrack Capital, Sherpa Venture Capital, IDG Capital, Lilly Asia Ventures, 3H Health Investment, HG Capital, Sequoia Capital China, Alwin Capital, and Kunlun Fund all made investments this week in a bunch of startups ranging from gene editing to building information modeling to online education to artificial intelligence to cross-border trade, and everything in between. This is the April 23, 2021 edition of the China Money Podcast where we update you on the news, data, and insights you need for making private equity and venture capital decisions in China.

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