介绍:
State Council Releases Guideline to Promote Express Delivery
China's state council released a guideline on Monday, promoting the express delivery sector to increase consumption and generate a new growth point in the economy.
According to the guideline, express delivery sector in China will rank top in the world by 2020 in terms of size, and the total number of deliveries annually will reach 50 billion.
It urges courier firms to upgrade services, and expand services into far reaching areas.
It also calls on all courier firms to integrate with the Internet through online platforms and IT technology to upgrade their services and become more efficient.
The sector is expected to generate 200 thousand new jobs per year, and revenue is expected to reach 800 billion yuan.
Express delivery has become a pillar of the e-commerce industry, and is becoming increasingly important for Chinese economic development because of its fast-paced growth.
Authorities have been paying attention to this sector in recent years and plans are underway to include it in the next five year plan.
Wang Jianlin deposes Jack Ma from billionaire perch
Dalian Wanda tycoon Wang Jianlin has been ranked the wealthiest person in China in the latest Forbes magazine China Rich List.
He edged out last year's leader, Jack Ma from the top spot.
The business magazine reported Wang was estimated to have a net worth of US$30 billion compared with US$13.2 billion last year.
Founder of Tencent Ma Huateng, who scored the best increase in wealth among China's big three internet titans, remains in third place.
The publication also says the total wealth of the top 100 members of the China rich list compiled by Forbes magazine jumped to US$450 billion from US$376 billion a year ago, increased nearly 20 percent.
China now has 596 billionaires.
The number has overtaken that of the United States for the first time.
China to Further Develop Rural E-Commerce
Anchor:
E-commerce development in China's rural areas has topped the agenda of this year's Western E-business Development Summit in Sichuan Province, as the country is seeking to expand the domestic market to boost a slowing economy.
CRI's Huang Shan has more.
Reporter:
E-commerce in China's rural areas has been developing quickly in recent years.
Data shows the country now has 77 million rural residents shopping online, a 40-percent growth rate year on year.
Shoppers in rural areas contributed some 180 billion yuan to China's economy last year.
The figure is expected to hit 460 billion yuan by the end of next year.
Noting the importance of online-to-offline model, Hou Enlong, chief operating officer of e-commerce giant Suning, said the company has expanded its online shopping to offline service centers to better accommodate rural customers' needs.
"We need to do three things. The first is to deliver industrial products to the countryside, and have the rural shoppers buy things at the same price as those in the cities. The second is to transfer agricultural products to the whole country by Suning's self-run courier services. The third is to connect farmers to an online payment system so that they can learn to use the Internet to purchase, sell and promote products."
However, building offline service centers in rural areas and attracting farmers to shop online is no easy task.
Logistics and infrastructure still remain the biggest barriers to the e-commerce development in rural areas.
E-commerce company Tyfo has come up with a plan - setting up rural cooperatives as service centers.
Founded by China Telecom, Tyfo.com is the largest e-commerce platform in Sichuan province.
Tyfo CEO Zheng Chengyu said they are working on turning the telecom operator's branches into rural cooperatives.
"There are China Telecom office branches in almost every village and city across the country, which helps a lot in solving the problem of setting up offline service centers. Asking rural residents to use the Internet to open online stores would be a very unrealistic dream, so we've got to take the form of rural cooperatives and select a few leaders to help the farmers achieve this."
Another barrier for rural e-commerce development is the shortage of young talents in rural areas.
Feng Quanlin, Alibaba's regional managing director of rural business in west China, explains the urgent need for human resources in the countryside.
"The core problem of developing rural e-commerce lies in the difficulty of buying and selling products, and the fundamental method of solving the problem is to attract young talents to work in the countryside. One difference between Alibaba and other enterprises is that all our rural e-commerce staffers are full-time workers. We have university graduates, demobilized servicemen as well as returning migrant workers. "
Despite these barriers, rural e-commerce is nevertheless booming in China.
Alibaba is planning to invest 10 billion yuan within the next three years to build a rural logistics network that covers 100,000 villages.
In the meantime, Suning is also going to have 10,000 service centers set up throughout the country in five years.
As China has vowed to eradicate poverty in the next five years, rural e-commerce is expected to become a major means for achieving that goal.
For CRI, I'm Huang Shan.
Over 2 bln investment deal reached in Beijing innovation week
Investments worth more than two billion yuan, or 315 million U.S. dollars, were made in Beijing during China's first mass entrepreneurship and innovation week which concluded on Sunday.
More than 200 cooperation deals and agreements were signed during meetings held in a high-tech zone in the Chinese capital.
Lin Nianxiu, deputy director of the National Development and Reform Commission, says a series of concrete policy measures will be executed by the end of this year to support innovation and mass entrepreneurship.
"We will build a platform for promoting policy measures of innovation and entrepreneurship, and set up and complete policy assessment and notification systems. We will make all-out efforts in the process from making decisions and policy measures to their implementation. We will ensure that every policy measure will be implemented."
Confronted with economic headwinds, China has been counting on entrepreneurship and innovation to generate new jobs and improve the skill set of its citizens, so to warm up the slowing economy.
China, Mongolia seek mining cooperation
China and Mongolia inked eight cooperation agreements on mineral-resource exploration during a week-long cultural expo in China's northern city of Hohhot.
The agreements, which are worth over 30 billion yuan, or 4.7 billion U.S. dollars, were signed by government and enterprise representatives.
The projects include the exploration of nonferrous metals and unconventional gas, mining, smelting and the processing of other mineral resources.
In addition, the two countries also signed memorandums of understanding on a coal mine and a copper and gold mine, both located in Mongolia.
Mongolia mainly exports mineral products and livestock to China.
Statistics showed that China has been Mongolia's largest trading partner and largest source of foreign investment over the past 10-plus years.
In 2014, two-way trade volume between China and Mongolia stood at more than 7 billion U.S. dollars.
Priceline increases stakes in China's Ctrip
U.S. travel booking service Priceline has increased its stake in its Chinese equivalent Ctrip in a bid to gain greater exposure to China's booming travel market.
Priceline now holds 15 percent of all of Ctrip's outstanding shares.
The investment also aims to create greater synergy between Priceline and Ctrip in opening hotel resources to each other, and to boost Priceline's presence in China.
In May, Priceline invested 250 million dollars in Ctrip's convertible bonds and suggested it may acquire more as China's online travel market continues to boom, with growing numbers of Chinese booking outbound travel online.
According to research firm PhoCusWright, online travel booking in China was less than 20 percent of the total in 2014, compared with 44 percent in the United States.
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