Tag Archives: MFG

ELEGOO Preps Kickstarter for PHECDA Laser Engraver with Air Purifier Function

PHECDA is ELEGOO‘s latest attempt to reduce the entry barriers for laser engraving machines

SHENZHEN, China, April 8, 2023 /PRNewswire/ — ELEGOO, the renowned 3D printing machine brand, has announced the launch of its first laser engraving machine, the PHECDA, on Kickstarter on April 8, 2023, at 2:00 PM UTC. The early-bird price at $240, this machine is expected to become a game-changer with its affordable price and exceptional features, including a unique air purifier function that filters harmful particles, making it the first-ever laser engraving machine with this functionality.


The PHECDA’s most significant attraction is its affordability, as it boasts the same features as other machines on the market but at half the price. For example, the early bird price for the PHECDA 10W is only $240, while the 20W model is only $400, a discount of up to 60% on the market price. In addition to this, customers can also purchase filter cartridge, rotary attachment, honeycomb working panel and air assist on their demand. This remarkable pricing strategy is a testament to ELEGOO’s commitment to making high-performance equipment available to everyone. With this Kickstarter campaign. ELEGOO is setting a new standard when it comes to the price of laser engraving technology.

The PHECDA’s 400mm x 400mm engraving size, up to 20W power, and compatibility with materials such as metal, leather, and wood make it a versatile tool for artists, small business owners, and DIY enthusiasts alike. Additionally, the PHECDA is compatible with a rotary axis module that can engrave cylindrical and curved objects, opening up endless possibilities for customization, which is great for creating personalized gifts and artwork.


The PHECDA’s ultra-affordable pricing demonstrates ELEGOO’s goal of eliminating the stereotype that laser engraving machines are too expensive for the average maker or hobbyist. By providing a highly affordable product with acceptable profit margins, ELEGOO aims to lower the entry barriers for laser engraving machines. This move is expected to increase the number of users and lead to a virtuous cycle of feedback and data that will drive the development of even better and more user-friendly machines in the future.

The PHECDA comes equipped with a revolutionary air purifier that filters out harmful particles generated during the engraving process. The PHECDA’s magnetically sealed light-shielding cover and the smoke-filtering device work together to create a relatively enclosed and silent engraving environment, effectively reducing the emission of harmful gases.

ELEGOO’s commitment to making high-quality, affordable products has propelled them to the forefront of the 3D printing industry, with their products consistently praised for their exceptional value for money. The PHECDA laser engraving machine is no exception, and with its exclusive air purifier functionality, it is expected to be a game-changer in the laser engraving industry.

For more information about the PHECDA laser engraving machine and to support its Kickstarter campaign here starting from April 8, or you can also stay up-to-date with Elegoo on social media through their  Elegoo’s official website.  Facebook, Instagram, Twitter, YouTube, and Tiktok.

SurplusGLOBAL Announces Executive Promotion, Recruitment, and Establishment of Equipment Technology Team

SEOUL, South Korea, March 3, 2023 /PRNewswire/ — SurplusGLOBAL, the leading global platform company for pre-owned semiconductor equipment (www.SurplusGLOBAL.com), announced on the 27th a major organizational restructuring to achieve sustainable business growth until 2030.

SurplusGLOBAL announces the promotion of Jeff Kim to Managing Director(left), and the hiring of Danny Kim as Managing Director of the Global Parts Platform, Sam Yoo as Managing Director of the Sales 3 team
SurplusGLOBAL announces the promotion of Jeff Kim to Managing Director(left), and the hiring of Danny Kim as Managing Director of the Global Parts Platform, Sam Yoo as Managing Director of the Sales 3 team

SurplusGLOBAL has announced the establishment of a new equipment technology team to enhance technology development and customer support continuously. The team will focus on expanding the technical customer solutions for used semiconductor equipment and aims to assemble a group of top-level equipment engineers to provide cutting-edge customer solutions. With this latest move, SurplusGLOBAL is reaffirming its commitment to delivering world-class services to its customers.

Jeff Kim has been promoted to Managing Director. In contrast, Danny Kim and Sam Yoo joined SurplusGLOBAL as newly recruited executives in the global parts platform and semiconductor back-end equipment sales teams.

In particular, Managing Director Jeff Kim has worked at SurplusGLOBAL for over 16 years and is an equipment sales veteran with rich experience in large-scale project bidding, including back-end semiconductor equipment and front-end equipment sales in various fields.

SurplusGLOBAL appoints Managing Director Danny Kim to lead the expansion of the global parts platform business and make it the company’s primary business by 2030, addressing global parts supply chain challenges. As the new Managing Director, Sam Yoo will spearhead the back-end equipment distribution business at SurplusGLOBAL. He brings a wealth of experience in overseas marketing and supply chain management, gained during his time as a semiconductor China sales representative.

Managing Director Jeff Kim expressed, “Having served SurplusGLOBAL for the past 16 years since my joining in 2007, I am now entrusted with the responsibility of undertaking novel challenges as an executive to realize the company’s vision. Nonetheless, I remain confident we shall accomplish it collectively with our colleagues.”

SurplusGLOBAL continues to expand its equipment technology and global sales organization while entering the semiconductor equipment cluster, pursuing deeper and more diverse solutions for the global semiconductor fab and foundry supply chain in Korea and worldwide.

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Source: SurplusGLOBAL, Inc.

Appotronics Unveils World’s First Multi-Window Immersive Display Technology at CES

Global laser innovation leader creates incredible mobility experience for drivers and passengers.

LAS VEGAS, Jan. 13, 2023 /PRNewswire/ — At CES 2023, Appotronics, a leading company in global laser display technology showcased its immersive multi-window laser-powered display solution in one global car maker’s vision car.

The vision car is the world’s first car with immersive display capabilities on all four side windows, offering flexibility to display laser-generated content as four transparent screens, making the vehicle more interactive for drivers and passengers. Users have the option to display content on both sides of the windows with ALPD® display devices hidden inside the cabin.

Dr. Yi Li, Founder and Chairman of Appotronics, remarked, “Bringing this advanced laser technology to CES is a ground-breaking moment for the automotive industry. In the past, laser displays on car windows were only imagined in films and on TV. Appotronics’ ALPD®  display technology is now turning this concept into reality, offering drivers and passengers an exceptional mobility experience.”

“As electric vehicles gain market share, our laser display solutions are being adopted more widely, taking different forms such as ultra-large screen projection, roof projection, side-window projection, smart surface projection and more. Outfitting electric vehicles with laser display technology makes perfect sense,” Li added.

Appotronics is a leading laser display manufacturer with research & development, patented core technology and critical component manufacturing capabilities. The company’s laser display solutions have been applied to a wide range of situations and sectors including automotive, movie theaters, home entertainment, exhibition halls, education and aviation. With 1,600 patents globally, Appotronics is now showcasing another example of its technology’s unique applications in the auto sector at CES in 2023.

The company currently offers three main product lines for smart cars, including onboard display, head-up display (HUD) and laser headlights. Appotronics’ laser technology works to combine the lighting and visual display on the interior and exterior of the vehicle, setting the stage for a variety of groundbreaking mobility solutions in the near future. Leveraging its proprietary laser display technology, Appotronics collaborates with experts across industries to create increasingly sophisticated automotive display solutions that will define the future of mobility.

About Appotronics 

Appotronics Corporation Ltd. is a leading laser display manufacturer with in-house R&D, patented core technology and critical components manufacturing capabilities. It was also one of the first companies listed on the Shanghai Stock Exchange Star Market (Code: 688007). Headquartered in Shenzhen, China, Appotronics has subsidiaries and offices in Beijing, Shanghai, Hong Kong and North America. Invented in 2007, Appotronics’ signature ALPD® laser display technology is the world’s first widely adopted laser technology in the industry. The technology has been adopted by a wide variety of venues and fields, including movie theaters, exhibition halls, virtual simulations, stage performances, aviation, automotives, business applications, education, home entertainment and more.

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Daejeon Metropolitan City in Korea successfully held an virtual IR event with the inspiring local manufacturers and US VCs

DAEJEON, South Korea, Dec. 7, 2022 /PRNewswire/ — Daejeon Metropolitan City and Business and Employment Agency of Daejeon in Korea successfully held an virtual IR event with the inspiring local manufacturers in Daejeon and US VCs.

This virtual IR event is an annually program with the purpose of revitalizing the local manufacturers and encouraging global investment relationship. Within this project, 14 local manufacturers in Daejeon are incubated with diverse aids: producing promotional materials, training IR skills, consulting business model, etc.

This year, Daejeon Metropolitan City has selected 14 selective local manufacturers in Daejeon to be in this virtual IR event. All of them are offering significantly promising solutions: MOTH with the carbon composite propeller, Hexa-Check with the wearable 6-channel ECG, UNIVR with VR home training service and especially newest products from FILOS, JCORE, SECOND GROUND, WOORIN Korea, Big Pictures, East Photonics, Airapha, DD Global, MEDICOS Biotech and TnF.AI.

Daejeon Metropolitan City will hold overseas in-person event in the future with deeper incubation for startups and also improvement in their supporting system by connecting and cooperating with global market as their new strategy.

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The digital transformation of the world’s footwear sector is imminent

  • The Sustainable Shoe Manufacturing Technology Seminar showcases Taiwan’s smart manufacturing capabilities
  • With the worldwide demand for quality footgear set to grow, the Sustainable Shoe Manufacturing Technology Seminar  grabs the attention of the Vietnamese market as Taiwan’s leading manufacturers share their experience 

HO CHI MINH CITY, Vietnam, Nov. 17, 2022 /PRNewswire/ — Taiwan’s shoe-making industry entered into a period of sustained digital transformation during the pandemic, with total exports reaching a remarkable US$93.71 million in 2021, up 23.19% when compared with the previous year. The Taiwan Sustainable Shoe Manufacturing Technology Seminar was held on the second day (November 17) of the International Shoes & Leather Exhibition – Vietnam. Five leading shoe brands were invited to share their sustainable digital application experience and talk about the effect of Taiwan’s intelligent manufacturing on the international market.

The Sustainable Shoe Manufacturing Technology Seminar
The Sustainable Shoe Manufacturing Technology Seminar

Asia is the world’s footwear production and manufacturing center and Vietnam is one of the world’s top five footwear manufacturing countries, with a strong demand for shoe-making equipment and an imperative for digital transformation. At the Forum, Delta Electronics will lead the lineup of speakers with a presentation on IIoT applications for intelligent footwear manufacturing, followed by Minz elaborating on the comprehensive integrated application of the internet and intelligent manufacturing in smart shoe-making equipment. Yu Sheng Technology will demonstrate how to double production by incorporating digital management tools into traditional shoe manufacturing equipment, while New Yuming Machinery will give an example of how AI can fit into the picture by explaining how automated optical inspection (AOI) is applied to the footwear process. Finally, Sincere Pioneer Enterprise will demonstrate how to use smart visual configuration to reduce the carbon footprint created by the show-making process.

A report from Transparency reveals that the global footwear market is expected to achieve sales of more than US$278 billion by 2025, with product category expansion and emerging markets penetration the key to growth. The Sustainable Shoe Manufacturing Technology Seminar is a part of Taiwan’s “Smart Machinery Overseas Promotion Program”, which is designed to enhance the international image of Taiwan and assist manufacturers in taking advantage of overseas business opportunities. Mr. Tran Ngoc Liem, Vice President of VCCI (Vietnam Chamber of Commerce and Industry), noted that Taiwan and Vietnam have been engaging in frequent and meaningful exchanges, especially as it concerns the post-pandemic digital transformation experience. We are looking forward to a closer cooperation between the two markets.

Qingdao has Built Itself into a Pioneer City with Modern Industries and Continuously Enhanced its Economy, Innovation and Competitiveness


QINGDAO, China, Nov. 12, 2022 /PRNewswire/ — According to Qingdao’s “Five-Year Plan for Building a Pioneer City with Modern Industries (2022-2026)”, Qingdao will focus on accelerating the construction of modern industrial system, integrating development of digital transformation, industrial ecological cultivation and construction, and cleanness, safety, energy-saving and efficiency “Four at the Forefront” by building “industrial cultivation highland, digital empowerment model, collaborative development benchmark, and green and low-carbon pioneer”. Qingdao strives to increase the proportion of manufacturing added value in regional GDP to more than 30%, and the added value of productive services to 62% of the added value of service industry by 2026; The added value of the core industries of the digital economy shall account for 12% of the regional GDP, and the penetration rate of industrial Internet platforms shall reach 50%.

Fuxing trains
Fuxing trains

At present, focusing on the goal of building a pioneer city with modern industries, Qingdao is making all-round efforts. Both in terms of industrial structure and the underlying logic of industrial development are undergoing earth-shaking changes. On September 22, the “Several Policies on Qingdao Virtual Reality Industrial Park Development” were officially released at the 2022 International Virtual Reality Innovation Conference. According to the policies, Qingdao municipal and district finances will allocate more than 1.2 billion yuan in the next three years to support the construction of Qingdao virtual reality industrial park and enterprise cultivation, so as to accelerate the pooling of industrial resources and help Qingdao build a domestic first-class, globally competitive R&D and manufacturing highland of the virtual reality industry.

Data-driven manufacturing is changing the development logic of the manufacturing industry and becoming a new driving force leading the future development of the manufacturing industry. At the end of September, the first functional module of the first phase of the Project National Industrial Internet Big Data Shandong Branch – the digital transformation service platform for small and medium-sized enterprises, was launched for trial operation. The platform provides policy services, digital factories, small enterprises on the cloud, industrial services and other functions, whereby more than 90% of the services will be provided to enterprises without any charges, helping small and medium-sized industrial enterprises in Qingdao and Shandong Province to accelerate its pace of digital transformation.

Qingdao vigorously promotes the transformation of enterprise industrial Internet, implements special actions for digital empowerment in key areas, accelerates the construction of new information and communication infrastructures such as 5G networks, gigabit optical fiber networks, and data centers, and supports the development of “double-crossed” platforms represented by COSMOPlat, as well as platforms in specific industries and industrial Internet demonstration parks, to create a good environment for the digital transformation of enterprises.

Contact: Ms Zhu Yiling
Tel: 0086-532-85911619
Official website: http://www.qingdaochina.org
Facebook page: https://www.facebook.com/qingdaocity
Twitter page: https://twitter.com/loveqingdao

Hisense (Shandong) Home Appliance Industrial Park
Hisense (Shandong) Home Appliance Industrial Park

ICP DAS – BMP to partake in the COMPAMED 2022, Germany for the first time

HSINCHU, Nov. 1, 2022 /PRNewswire/ — ICP DAS – BMP (Biomedical Polymers), a Taiwan medical TPU (thermoplastic polyurethane) supplier, will exhibit TPU pellets with 50% tungsten content (W50) for the first time in the COMPAMED 2022, Germany. The exhibition – a melting pot for high-tech solutions in the medical technology sector – takes place in DÜSSELDORF from 14 to 17 November.

ICP DAS - BMP to partake in the COMPAMED 2022, Germany
ICP DAS – BMP to partake in the COMPAMED 2022, Germany

ICP DAS – BMP will showcase three series of highly stable medical-grade TPU pellets, namely, Alithane™ (ALP series), Durathane™ (ALC series), and Arothane™ (ARP series). This year, ICP DAS – BMP unveils a new range of pellets with a tungsten content of 30% (W30) and 50% (W50), respectively. As we advance, ICP DAS – BMP plans to develop pellets with 70% tungsten content (W70) and a new ARP-CHDM series in 2023.

All medical-grade TPU pellets by ICP DAS – BMP are 100% made in Taiwan and have superb biocompatibility, hydrolytic & chemical resistance, mechanical properties, and radiodensity; they can be customized and color-matched. To provide customers with the best service, ICP DAS – BMP offers shorter lead times and accepts smaller quantity orders.

Applications of medical-grade TPU pellets range from cancer treatment and urology devices to retainers, etc. Shortly after being established, ICP DAS – BMP achieves outstanding results domestically and internationally. Medical device manufacturers from South Korea, Israel, and France have chosen ICP DAS – BMP’s trustworthy and high-quality TPUs.

Visit ICP DAS – BMP’s booth at Hall 08B, Booth 8BC17-2, from 14 to 17 November 2022, and learn more about the upcoming ARP-CHDM series.

About ICP DAS – BMP

In response to the growing demand for TPUs in medical applications, in 2018, ICP DAS established a new business unit to develop and produce medical-grade TPUs, ICP DAS – BMP. The company has obtained ISO 13485 certification for its raw material warehouses and production lines.

ICP DAS – BMP has its own laboratories for polymerization, physical properties analysis, and cytotoxicity testing. All the TPUs supplied by ICP DAS – BMP are USP Class VI certified and compliant with the ISO 10993 international standard. Materials have passed skin sensitization and cytotoxicity tests according to ISO 10993-5 and ISO 10993-10. These enable ICP DAS – BMP to guarantee biocompatibility for medical device manufacturers.

For more details, please visit our website: https://bmp.icpdas.com/

For TPU products, solutions, and inquiries, contact us directly: sales_bmp@icpdas.com

Source: ICP DAS Co., Ltd.

Global Times: The rising way – How did CPC lead China from poverty to xiaokang?

BEIJING, Oct. 16, 2022 /PRNewswire/ — The Communist Party of China (CPC) will convene its 20th National Congress on October 16 to bring China’s development to the next stage. This congress is being held after China has accomplished its first centenary goal of building xiaokang – a moderately prosperous society in all respects by 2021 – and to start the second centenary goal of building a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious by 2049.

From the founding of the CPC in 1921, the Chinese people took more than two decades to throw off oppression as a semi-colonial, semi-feudal society and found the People’s Republic of China in 1949. After the launch of reform and opening-up in 1978 and through the continuous efforts of the Chinese people, China experienced the transformation from a huge, poor and backward country in the East into a thriving socialist China.

Today, after having lauded the great achievements that China has made in the past 100 years, the international community is paying close attention to how it will create a new miracle in a more complicated international environment. It is also necessary to review how the CPC has led the Chinese people to accomplish the first goal, as history always carries the secrets of future success.

This is the first installment of the Global Times’ special coverage of the special event.

Jiaxing, a city in East China’s Zhejiang Province, has become a “must-visit” place for many Chinese people, especially in recent days, as the 20th National Congress of the Communist Party of China (CPC) gets set to convene. The red boat that anchors off the bank of the Nanhu Lake in Jiaxing and the story that 13 people representing more than 50 CPC members across China adopted the Party’s program and proclaimed the founding of the CPC on the boat brought visitors back to the CPC’s starting point of leading the Chinese people out of humiliation, poverty and the scourge of war.

The founding of the CPC a hundred years ago was a pivotal event in Chinese history. From the outset, the CPC and the Party members have made the well-being of the Chinese people and the rejuvenation of the Chinese nation its abiding goals.

In October 2017, when the 19th CPC National Congress concluded, the CPC’s newly elected top leadership, headed by General Secretary Xi Jinping, visited Nanhu Lake, where they vowed to stay true to the Party’s original aspiration and founding mission and serve the people. This was Xi’s first domestic trip after the 19th CPC National Congress, and it was also at this congress that China set out a clear timetable and road map to complete building xiaokang — a moderately prosperous society.

On July 1, 2021, at the ceremony marking the centennial of the CPC’s founding, Xi, general secretary of the CPC Central Committee and president of China, declared that China had realized its First Centenary Goal of building a moderately prosperous society in all respects, which means that China has put an end to absolute poverty, and is now marching in confident strides toward the Second Centenary Goal of building a great modern socialist country.

From 1949 to 2021, the city of Jiaxing, where the red boat remains as the physical birthplace of the CPC, together with thousands of other cities across China, witnessed the perseverance of generations of Chinese people, led by the CPC, progressing step by step from a subsistence level of living to piecemeal prosperity, then to moderate prosperity throughout the country. All the stories that have happened in these Chinese cities make up the greater chapter of China’s rise and also revealed the secrets of how the CPC has led the Chinese people to make such achievements.

Starting with an abiding dream

Xiaokang, a term that means moderate prosperity, has carried Chinese people’s desire for a better life and has been a consistent aspiration of the Chinese nation since ancient times. However, for millennia, moderate prosperity remained a dream, and the modern history of China was filled with the bitterness of being reduced to a semi-colonial, semi-feudal society and subjected to terrible external oppression.

With its aspiration and founding mission of seeking happiness for the people and rejuvenating the Chinese nation, the CPC, since its founding in 1921, has united the Chinese people in achieving one success after another. They earned victory in the New Democratic Revolution; founded the People’s Republic of China (PRC) in 1949 and started the socialist construction.

Through accumulating small achievements in various fields in different cities, China eventually built a comparatively sound industrial system out of a war-torn country, laying the foundation for a future economic leap. Strengthening strategic planning and policy design, formulating phased objectives, reviewing experience and summarizing findings in practice are the valuable lessons that the CPC and Chinese people have drawn from the early years of the PRC.

For example, to develop modern industry, agriculture, transportation and defense, from 1953 to 1957, China began to implement its First Five-Year Plan (1953-57). In the 1960s, the CPC also set the goal of achieving the Four Modernizations – modernization of industry, agriculture, national defense, and science and technology – by the end of the 20th century, and devised a two-stage development plan to this end.

As the city of Jiaxing witnessed the founding of the CPC, more cities across China witnessed the rapid development in the first decade after the founding of the PRC. For example, Anshan in Northeast China’s Liaoning Province saw the first batch of melted iron produced in 1949; China’s first steam locomotive was made in Qingdao, East China’s Shandong Province in 1952; the first batch of “Jiefang (Liberation)” homemade trucks came off the production line in 1956 in Changchun, Northeast China’s Jilin Province; the first black and white television was manufactured in North China’s Tianjin in 1958.

Hard work brought achievements. China’s GDP in 1952 was 67.9 billion yuan with per capita GDP at 119 yuan, while in 1978, the GDP increased to 367.9 billion yuan and the per capital GDP in that year was 385 yuan, according to a white paper on China’s xiaokang issued in 2021.

Despite the fundamental changes China had made, it still had a long way to go to catch up with many other countries in the world. China’s per capita GDP in 1949 was only $23, roughly a similar level with neighboring India for about a decade. While the US’s GDP in 1949 was $272.5 billion with the per capital GDP of $1,798.33.

Leaping through opening-up

The year 1978 was a shining year in the history of Chinese people’s struggle to build a better-off society through China’s reform and opening-up. Also, in the early years of reform and opening-up, Deng Xiaoping for the first time used the term xiaokang to present his vision of China’s modernization. The top Chinese leader also set the goal of delivering a xiaokang life for the Chinese people and building a xiaokang society by the end of the 20th century.

By xiaokang, we need to achieve a per capita GNP of $800, Deng elaborated in multiple occasions.

More cities in the country have experienced the launch of the Chinese miracle since 1978, and Shenzhen, bordering Hong Kong, stands out among them.

In July 1979, a huge explosion leveled the mountains in Shekou in southern Shenzhen, firing the “first shot” of China’s reform and opening-up – a path that differed greatly from the planned economic mechanism of the time. The flattened land and scattered earth, which had filled the sea, were used to create infrastructure for China’s first special economic industrial park and marked the prelude of China’s rise as a global economic power that is strong enough to unnerve the US today.

But for pioneers in Shekou, even communicating with the outside world was a big headache, as only people in Beijing and Shanghai were able to make international calls back in 1979.

The central government then “specially approved” 800 automatic exchanges for Shekou, giving the very first special economic zone the ability to make direct calls overseas and initiated 24 national reform firsts. The first joint-stock enterprise, the first joint-stock bank, and the first joint-stock insurance company, were all born out of Shekou, and most of these “firsts” are the normal state of China’s market economy.

Shekou’s experience soon inspired the rest of the country. In August 1980, China approved the establishment of special economic zones in Shenzhen, Zhuhai, and Shantou in South China’s Guangdong Province and Xiamen in East China’s Fujian Province.

In May 1984, China further opened 14 coastal port cities including Tianjin, Dalian in Liaoning, and Yantai and Qingdao in Shandong.

The CPC and the Chinese people have seized the historic opportunities and properly managed the enormous changes. By staying committed to deeper reform and broader opening-up to the world, China has realized the greatest economic and social transformation in contemporary history.

In 1987, Shenzhen had already seen its GDP grow 30 times compared with the figure in 1979. The Shenzhen government also took the lead in introducing the first provisional regulations in the country to encourage scientific and technological personnel to invest in technology patents, management and other elements and set up private technology enterprises.

In the same year, 43-year-old ex-military officer Ren Zhengfei founded Huawei. That’s also when the 111-year-old Ericsson entered China for the first time and participated in the construction of China’s very first mobile communication base station. 

Twenty-two years later, in 2009, Huawei was identified by Ericsson as the “most serious competitor” in mobile systems. The Chinese high-tech giant has now become a world leader in the fifth generation of telecommunications technology, topping the market with a 31percent market share in terms of global telecom equipment revenue in 2020, followed by Ericsson with a 15 percent share.

In 40 years, Shenzhen has grown from a small fishing village with a population of only 30,000 to an international metropolis with a population of over 10 million. Its urban area has expanded from 3 square kilometers to more than 2,000 square kilometers, and with GDP volume swelling 10,000-fold, Shenzhen’s story is seen as a mirror of China’s economic miracle.

By 2021, Shenzhen’s GDP at current prices exceeded 3 trillion yuan ($475 billion), bringing it close to Norway’s GDP of $482.44 billion and far more than the $396.99 billion of Singapore.

In yet another milestone, the Third Plenary Session of the 14th CPC Central Committee in November 1993 approved the decision to establish a socialist market economic system. Hereinafter, a vibrant private sector has risen to prominence.

The small commodity market in Yiwu, a once landlocked county in Zhejiang Province and home to the largest number of the country’s small and medium-sized entrepreneurs, has since grown into the world’s largest wholesale market and the barometer of China’s foreign trade.

Yiwu is now known as the “world’s supermarket” as it is home to 2 million small and medium-sized enterprises. Commodities ranging from toys, socks, hair accessories and festive decorations are sent to more than 200 countries and regions around the world every day.

According to the locals, Yiwu traders dominate global rivals due to their “hard work,  flexibility and willingness to do businesses with lower profits,” which are also believed to be the secret of China’s initial manufacturing success.

The most well-known representative of Yiwu traders is Lou Zhongping, who is often referred to as the “King of Straws” by media outlets for owning one of the world’s largest producers of drinking straws.

Born into an impoverished family of six siblings in Yiwu in 1965, Lou dropped out of school at the age of 14 to eke out a living as an itinerant peddler. At that time, to earn 0.5 yuan, Lou would ride his tricycle for 6 kilometers for delivery.

Starting the low-margin straw business from scratch in the 1990s, Lou’s company now does businesses with the likes of McDonald’s, KFC and Starbucks, becoming one of the world’s largest producers of drinking straws. The company churns out more than 10 billion straws each year for domestic use and export to Japan, Europe and the US.

Lou’s business success also mirrors the shift of global value chains and transnational production lines. China’s manufacturing industry has also become dominant in producing just about anything from commonplace household items to integral pieces in automotive manufacturing.

China’s list of trading partners, which numbered in the 40s in 1978, grew to 231 economies in 2017.

The country’s total value of import and export of goods grew by an annual average of 18.6 percent from 1978 to 2017 to reach 27.8 trillion yuan, accounting for 11.5 percent of the world’s total. In the same period, Chinese exports grew to 15.3 trillion yuan from just 16.8 billion yuan, up on average 19.1 percent year-on-year.

Zhejiang, the province where Yiwu is located, is now one of the country’s most economic prosperous areas along with South China’s Guangdong Province.

In July 2021, Zhejiang was granted a new mission in China’s development – it launched a document detailing the specific plans to develop itself into a common prosperity pilot zone – an integral part of China’s second centenary goal, embarking on a journey that will become an example in the country of how to reduce disparities between regions, urban and rural areas, and incomes.

The miracles in Shenzhen and Yiwu are the epitomes of the quick development of China. China’s GDP increased from 367.9 billion yuan in 1978 to 1,887.3 billion yuan in 1990, 10,028 in 2000 and 41,211.9 in 2010. While its per capital GDP grew from 1978’s 385 yuan to 30,808 yuan in 2010.

Right now, Chinese people enjoy bigger houses, have faster and more comfortable transportation and have full access to daily necessities. Personal incomes have grown steadily, with the average per capita disposable income up from 171 yuan in 1978 to 12,520 yuan in 2010. In turn, the quality of life has improved, with the Engel coefficient of urban residents down from 57.5 percent in 1978 to 31.9 in 2010.

In 2010, China’s per capita GDP tripled from the India’s $1,358. While back in 1978, China’s per capita GDP was only $156, which was far below the US’ of around $10,000 at that time. It was also significantly lower than India’s $206.

In 2010 – the same year China accomplished its 11th Five-Year Plan (2006-10) – China overtook Japan to become the world’s second largest economy, just behind the US, in terms of GDP expressed in dollar terms. Together, all aspects in the Chinese society have experienced fundamental changes with the Chinese people taking a step further to the goal of xiaokang.

Perseverance over generations

At its 18th National Congress in 2012, the CPC announced that China would realize the First Centenary Goal of building a moderately prosperous society in all respects by 2021.

One month after the 18th CPC National Congress concluded, Xi visited Fuping county in North China’s Hebei Province, where the first anti-Japanese invasion base area behind enemy lines was built by the CPC. In Fuping, Xi sent out the mobilization order for the poverty alleviation campaign. Since then, people in the county have worked hard to fight poverty.

Tang Furong, a farmer born in Fuping, has witnessed the changes taking place in his county firsthand. In 1940, Tang left Fuping due to starvation and went to find his uncle in adjacent Shanxi Province. But in 1962, he returned to Fuping. Although life had generally improved by then, Tang and his fellow villagers were striving for a better one.

In 2012, the county was going through remarkable changes. To facilitate poverty alleviation, it was divided into eight areas with local officials taking the lead. Excellent Party members were selected to become Party chiefs in various villages. Together with 62 special teams deployed by the provincial government, they embarked on a journey to eradicate poverty in 209 villages across Fuping.

Teaching villagers to grow edible mushrooms, helping them to apply for loans to build greenhouses, finding investments to boost local tourism and services industries, launching programs to relocate impoverished residents, upgrading local infrastructure… With the help of provincial assistance and the persistence of local residents, Fuping residents’ lives have gradually improved.

Drinking safe water and walking on the newly built roads, residents in Fuping have also enjoyed upgraded grid network and telecommunication services. The per capita disposable income for local villagers grew from around 950 yuan in 2012 to more than 15,600 yuan in 2017. Since 2013, 13 schools were built and 93 schools were upgraded.

On February 29, 2020, 108,100 registered impoverished residents were announced to have escaped poverty, marking a phased victory of poverty alleviation in Fuping. Currently, Tang, who is over 100 years old, is living in a new apartment with endowment insurance and subsidies from the local governments at different levels.

Similar stories of poverty alleviation like those in Fuping happened in every remote area across China since 2012. According to data from a whitepaper the State Council released in 2021, by the end of 2020, all of the 99 million rural poor, and all of the 832 counties and 128,000 villages classified as poor under China’s current poverty line, had emerged from poverty.

The per capita disposable income of rural residents in poor areas reached 12,588 yuan in 2020. This represents a compound annual growth rate of 9.2 percent in real terms from 2013 to 2020, 2.2 percentage points higher than the average growth for rural residents nationwide. Formerly impoverished households now have adequate food, clothing and bedding for every season and all weather conditions. 

In 2020, China’s GDP stood at 102.6 trillion yuan and the per capita GDP was 72,000 yuan.

In February 2021, Xi solemnly declared “complete victory” on eradicating extreme poverty in China. Several months later, at the ceremony on July 1, 2021marking the centennial of the CPC’s founding, the Chinese leader declared that China had succeeded in the first centenary goal of building a moderately prosperous society in all respects through the continued efforts of the whole Party and the entire nation.

Analysts across the world praised these achievements and said that it also showed China’s development is entering a new phase, with a more ambitious goal expected in the next hundred years under the leadership of the CPC.

By reviewing the long journey of poverty alleviation, analysts pointed out that its success in eradicating extreme poverty was based on the principles that it used to achieve the goal for xiaokang – CPC leadership, commitment to time-phased objectives, achieving developments through reforms and opening-up and the persistence and hard work of the Chinese people.

They noted that China’s realization of xiaokang represents the fulfillment of an intermediate target on the way to modernization and national rejuvenation and the CPC and the Chinese people have already embarked on the new journey forward with more history and miracles waiting ahead for the Chinese people to make when pursuing the second centennial goal of building “a modern socialist country that is prosperous, strong, democratic, culturally advanced and harmonious” by 2049.

https://www.globaltimes.cn/page/202210/1277119.shtml

China and its Southeast Asian neighbors need to enhance industrial cooperation

BEIJING, Oct. 9, 2022 /PRNewswire/ — By Beijing Review: In 2019, TCL, a Chinese consumer electronics company, began to build its new manufacturing base in Viet Nam. The new base has improved TCL’s production capacity with its products selling not only in Viet Nam but also to other markets in Southeast Asia and beyond.

In the first four months of 2022, the total foreign investment in Viet Nam surpassed $10.8 billion, up 88.3 percent year on year, according to its Ministry of Planning and Investment.

The country’s exports in the first quarter hit $88.58 billion, up 12.9 percent year on year, data from the Ministry of Industry and Trade showed.

Viet Nam’s rising status in the global supply chain has sparked discussion of the possibility that it will take away orders from China. In response, Wang Xiaosong, a research fellow at Renmin University of China’s National Academy of Development and Strategy, pointed out that China should adapt to the trend of some enterprises relocating their businesses to Southeast Asia.

“It is a natural process of industrial upgrading for China,” Wang told Beijing Review, adding that the development of near neighbors will facilitate mutual prosperity.

The strategy of relocating labor-intensive jobs to countries with competitive local resources that are much closer to target markets, while maintaining core and critical links in China, is motivating increasing numbers of Chinese manufacturers to take their operations overseas. For example, while TV assembly is the core business of TCL’s Vietnamese base, the company’s factories in China produce high value-added products such as display panels.

“The industrial relocation began in 2015,” Wang said. “Economic development has raised the cost of labor-intensive businesses in China so companies have turned their eyes to Southeast Asian countries with cheaper workforces.”

In addition, emerging markets in the region are also offering preferential policies to attract foreign investors. In Viet Nam, for example, firms making new investments in sectors including technology, footwear and automobiles are taxed at 10 percent for 15 years. This period also includes a tax holiday for the first four years and a 50-percent reduction in the corporate income tax rate for nine subsequent years, according to Bloomberg Tax.

Some companies have transferred due to non-market factors. Hanyu Group is a Chinese company producing drainage pumps. Three years ago, Hanyu’s products were included on the U.S. list of Chinese goods to be subject to added tariffs. Its U.S. clients told the president of company that he needed to take part of his operations overseas, otherwise they would turn to other suppliers. Consequently, he moved part of his assembly line to Thailand.

The COVID-19 flare-ups have also triggered concerns about a possible industrial chain exodus from China.

“Southeast Asian countries are unlikely to replace China as a destination for foreign investment,” Wang said, citing statistics released by Viet Nam’s Ministry of Planning and Investment.

Despite the 88.3-percent rise in foreign investment, Viet Nam’s newly registered capital decreased by 56.3 percent in the first four months of the year. It means few companies established new factories in the country and the increasing foreign investment came from companies already present there.

During the same period, paid-in foreign direct investment into the Chinese mainland expanded 26.1 percent year on year to $74.47 billion, according to the Ministry of Commerce.

China has complete industrial clusters, technological accumulation, and a huge market that cannot be replicated in the short term, he added.

“The growth of Southeast Asian markets is actually a boon for China,” Wang said. “We have close industrial chain connections with our near neighbors.”

Viet Nam, for example, imports upper stream core equipment, raw materials and supporting facilities mainly from China, which will create more opportunities for Chinese suppliers, he explained.

According to the General Administration of Customs of China, trade between China and Viet Nam hit $230.2 billion in 2021, with a year-on-year growth of 19.7 percent. China was Viet Nam’s biggest trading partner.

Wang suggested China to tap the potential of its less developed areas where the labor costs are relatively low and which could be new destinations for industrial shifting.

The 132nd Canton Fair to open online on October 15 featuring larger scale and upgraded services

GUANGZHOU, China, Sept. 30, 2022 /PRNewswire/ — The 132nd China Import and Export Fair, also known as the Canton Fair, will open virtually on October 15, 2022. To better serve global buyers, the latest edition of Canton Fair will expand the scope of exhibitors, open for longer time and enrich online functions. Leveraging its updated online exhibition and services, the show will provide a platform of trade cooperation for global businesses in its 50 exhibition sections covering 16 product categories.

  • 35000 Exhibitors gathered online

The 132nd Canton Fair has enlarged the scale of the exhibition and included more quality exhibiting companies. In addition to the original 25,000 exhibitors, another 10,000 have applied for online exhibition. These companies gathered represent the best of China’s manufacturing, offering various choices for global buyers. These 10,000 “new faces” include “little giant” enterprises specialized in niche sectors, hi-tech enterprises, and manufacturing single champion enterprises.

  • Extended service time

Held online since its 127th edition due to Covid-19, the Canton Fair online platform has featured 10-day display. Another highlight of the upcoming Canton Fair is a longer service time, including 10 days for exhibitors’ live-streaming, scheduling appointment and negotiation, and 5 months for online display, instant communication, matchmaking, and other services. That is, online exhibition-related services for Canton Fair will be available from October 15 through March 15 of 2023.

Meanwhile, more improved online functions will feature the upcoming Canton Fair. Efforts will also be made to optimize the entire supply chain and trade matchmaking. Freight, warehousing and finance suppliers are invited to participate and provide guarantee for enterprises to complete the trade cycle. Over 130 cross-border e-commerce pilot zones and 5 e-commerce platforms will also join the Fair for a synergy of diverse trade models and activities.

China Import and Export Fair was founded in the spring of 1957. Held in Guangzhou every spring and autumn as world’s largest offline exhibition, it is hailed as the barometer or wind vane of China’s foreign trade.

Related Links: https://www.cantonfair.org.cn/en-US/register/index?utm_source=rwyx#/foreign-email