Newsfeed for R&D, Innovation and Economics

African Review, 01/08/14
China’s AVIC International Holding Corporation and Kenya's Ministry of Education, Science and Technology together with China House and the Technical University of Kenya have launched a competition to encourage manufacturing skills and capacity among Kenyan students. AVIC and the Kenyan ministry supplied, installed and commissioned electrical and engineering equipment to students. Students are asked to compete to produce the a marketable manufactured product. The concept is borrowed from a system used in Chinese polytechnics.
BASF, 28/07/14
The world’s leading chemical company, Germany’s BASF, has launched the second phase of its Innovation Campus on its already established Pudong site in Shanghai. Valued at Euro90mn the expansion will advance regional R&D capacity and be completed by 2015. By 2020 roughly a quarter of BASF’s staff will be located in the Asia Pacific. R&D at the site will focus on advanced materials and systems, as well as add new areas including formulations and chemical process and engineering.
Ministry of Agriculture, China, 25/07/14
Inner Mongolian diary giants Yili and Mengniu Dairy Co. have signed an agreement with Wageningen University in Holland to advance food safety studies and practices between the two countries. The two Inner Mongolian dairy giants regard the intended cooperation as a leap forward in their ability to guarantee Chinese food safety standards.
Want China Times, 09/07/14
Clean energy, the environment and climate change are to become the new engines of China-US ties, following the sixth China-US Strategic and Economic Dialogue. During the course of the Dialogue, the United States and China for example signed eight partnership agreements to cut greenhouse gases, involving companies and research institutions. These include China's Huaneng Clean Energy Research Institute, a subsidiary of state-owned power company China Huaneng and Washington-based Summit Power Group agreed to share information on clean coal power generation technology. In addition, West Virginia University will partner with Yanchang Petroleum on an industrialized demonstration of ultra-cleaning technology in northern Shaanxi province. Another coal state university, the University of Kentucky, will partner with Shanxi Coal International Energy Group and Air Products and Chemicals Inc on a project feasibility study of a 350MW supercritical coal-fired power plant that can capture 2 million tonnes of CO2 annually.
Porsche, 17/07/14
Porsche Engineering Group GmbH, the engineering services provider based in Weissach, have signed a comprehensive co-operation agreement with Shanghai’s Tongji University in Shanghai. The two sides have agreed to carry out extensive co-operation work in the fields of research, engineering and education. Porsche also hopes that this will better allow Porsche to meet the needs of Chinese customers more flexibly and efficiently, as well as to improve exchange with some of China’s best engineering researchers., 15/07/14
Food processing giant General Mills has inaugurated its first innovation, technology and quality centre in China, in Shanghai. The new facility spans 75,000sq ft, and will cost $15mn. The centre will work on the development of products including snacks, convenience meals, yoghurt and ice-cream. It will also work on food safety, nutrition and evaluation techniques. General Mills already operates similar centres in France, India, Brazil and Switzerland. Its brands in China include Wanchai Ferry dim sum, General Mills brands in China include Wanchai Ferry dim sum, Häagen-Dazs ice cream and Bugles and Trix snacks.
Want China Times, 14/07/14
IBM and Chinese partner Sichuan Huaxun Zhongxing Technologies have agreed to launch a computing services base in Sichuan. In 2012 China selected 130 cities to serve as pilot sites for a smart city program toward fostering a new type of urbanization.
Want China Times, 10/07/14
China has 19 nuclear power stations – and plans to add another 29, bringing installed nuclear output capacity to 400mn Kw by 2050. This would be more than the total amount produced through nuclear energy around the world today. Employees of nuclear firms enjoy a higher average salary than similar employees in other industries, and very good benefits for their children. Increasing Chinese universities are catering to the nuclear industry, with elite Tsinghua University now providing a specialist course. China is expected soon to become the world’s number 1 nuclear power, over-taking Japan, whose plants are said to cost 30% more to build than those built by Chinese firms.
ECNS, 07/07/14
Holding dear to its legacy of invention – gunpowder, the compass, printing and papermaking including – China seeks a return to innovation glory. This requires moving on from being the workshop of the world to becoming the think-tank of the world, and the leading hub of productivity. While Chinese R&D spending remains just over a third of US R&D spending (38%), the country is beginning to make breakthroughs and sees that momentum is rising. All the while, 93 Chinese companies are now in the top 2,000 global companies in terms of R&D intensity (R&D spending as a percentage of sales). Chinese companies are also buying successful R&D small and medium-sized enterprises in Europe and the US, in engineering and manufacturing technologies especially.
Want China Times, 07/02/14
State Council has approved a new state fund to assist China’s chip industry. The fund will comprise state funds and contributions from conglomerates also. Total funds are estimated will reach over Rmb100bn (US16.1bn). The effort is intended to facilitate innovation, to provide a way for large enterprises including state-owned firms to invest their capital, and to provide an additional means of gauging a company’s worth.
Albawaba, 06/07/14
Chinese global technology equipment giant Huawei has extended its international outreach to include the signing of an Memorandum of Understanding with Kuwait University The MoU will see select Kuwait IT students enrolling in an education program at Huawei headquarters in Shenzhen. That program is called “Telecom Seeds for the Future”, and helps to students to identify paths forward for a career in IT. Huawei opened its first office in Kuwait in 2006, and now has four offices that employ more than 300 people (more than 60% of whom are local hires).
EjInsight, 04/07/14
On President Xi’s inaugural visit to South Korea as President, he was accompanied by tech titan CEOs. The heads of Baidu (Robin Li), Alibaba (Jack Ma) and Huawei (Ren Zhengfei) were part of a 250-delegate strong official Chinese visit to South Korea. In Korea, as well as official meetings Xi also m eet the senior executives from Korean electronics giants Samsung and LG. China sees great potential in developing its tech ties with Korea.
People’s Daily, 02/07/14
The Dalian Jinpu New Area is China’s latest new economic zone, in this case aiming to boost the local economy and to strengthen ties with North East Asia. Approved by State Council, China’s cabinet, the zone will be a pilot zone for innovation and is expected to become an international shipping and logistics hub.
People's Daily, 02/07/14
China’s first US-based cultural industry park has opened in LA, and has been visited by China’s Culture Minister, Cai Wu. Minister Cai voiced his hopes that Chinese enterprises in the zone will learn from their American counterparts to enhance China’s capacity for creativity and innovation. Technicolor Inc., Formosa Interactive and Marza Animation are among influential entertainment companies with a presence in the park.
People’s Daily, 01/07/14
On the sidelines of the China-Russia Exposition in Harbin, China and Russia’s governments have signed a memorandum of understanding agreeing to cooperate in satellite navigation to promote the integration of China’s Beidou Navigation Satellite System and Russia’s Global Navigation Satellite System. The two countries vowed to improve scientific exchange and encourage greater collaboration in science and technology areas.
Want China Times, 30/06/14
Southern Chinese manufactures are dealing with the spiralling cost of labour amid chronic manual labour shortages by investing in robots, increasing the mechanization of their manufacturing processes in the process. Dongguan in Guangdong province is fast-becoming a hub for robot production as a result. The Songshanhu International Robotic Research Institute has established an office in Dongguan, which focuses on robots for use in consumer electronics firms. Similarly, Foshan in Guangdong is home to an under-construction 5,200-acre smart manufacturing base. Investors see the base and robots as the answer to a predicted labour shortfall of 80,000 workers this year, and the only way they can compete with cheaper markets in South East and South Asia.
China Daily, 25/06/14
‘Beihang’ (The Beijing University of Aeronautics and Astronautics) and the École Polytechnique Fédérale de Lausanne (EPFL) have signed a cooperation agreement to establish the Beihang-EPFL Space Technology Initiative. The Initiative is a space technology center in Haidian, Beijing’s North-West university district. The two universities will carry out joint research and education in the field of space science and technology, information science and mechanical engineering. The center will also serve to promote cooperation between enterprises, colleges and universities of China and Switzerland.
China Daily, 23/06/14
A China-South Korea technology trading center, sponsored by Tus-Holdings Co and China-ROK Exchange Association, has been established in Beijing's Tsinghua University Science Park (Tuspark). The trading center will promote cooperation between China and South Korea in various fields such as production, technology and services, and also serve to combine bilateral technical resources and promote scientific and technological achievements.
KPMG, 18/06/14
A survey by KPMG reported in “Global Manufacturing Outlook: Performance in the Crosshairs” finds that Chinese manufacturers are set to dramatically increase R&D development expenditure. More than four-fifths of Chinese respondents said they had spent 1% or less of total revenues on research and innovation in the past two years – but are planning to double or triple expenditure over the next two years.
Want China Times, 24/06/14
The Tianhe-2 supercomputer developed by China’s National University of Defence Technology remains the world’s most powerful computer according to a new Top500 list. Tianhe, meaning ‘milky way’ in Chinese, can reach operation speeds of 33.86 petaflops/second, producing calculations of 33,869trn per second. One hour of the machine can produce 1,000 years of difficult calculations by 1.3bn people. This is the third time China’s Tianhe computer has topped the list.