Sun. Jan 20th, 2019


China Property – Urban planners find ways to achieve commercial renewal

Chinese experts aim to keep the roots and soul of cities intact Commercial reconstruction, architectural upgrading and space regeneration at the early stage of commercial developments are not easy feats, especially in today’s ever-changing urban areas like China’s major cities. But Chinese experts are now looking for sustainable ways to revive those cities while preserving their character and cultural integrity. At the 4th Annual Green CREP Summit (CREP4) held the Shanghai Marriott Hotel Luwan China last 19 November 2015, real estate developers, urban planners, architects and engineers from all over China discussed different methods and avenues to achieve commercial renewal with the goal of meeting current and future demands for consumption

Plastic bricks given creative twist in Rome exhibition

A girl poses at a sculpture featuring a yellow man ripping his chest open at The Art of the Brick exhibition in Rome. Jin Yu / Xinhua Some 80 sculptures, over 600,000 tiny plastic bricks, and recreations of some of the world’s most iconic masterpieces. The Art of the Brick exhibit of American Nathan Sawaya opened in Rome on Oct 28, giving Italians a taste of how artistic inspiration can mingle with playfulness, and pour out through a most “surprising” material. “The exhibition captures people’s curiosity and imagination, and is being shown for the first time in Italy. So far, Rome’s audience has surely met our expectations,” Italian curator Fabio La Gioia told Xinhua

The special relationship between China and Cambodia

Undoubtedly Asean is very important for China but within the region the strength of the relationships vary greatly. Besides Thailand, Cambodia is probably China’s closest regional partner. Over the past 15 years, China has invested around US$10 billion (Bt325 billion) in Cambodia. Much of this has taken place in recent years, as an official visit in 2006 by the premier of China’s State Council, Wen Jiabao, stimulated a strong wave of economic activity. Many cooperative agreements were signed during the premier’s visit, formalising the legal and business framework, and this opened up the door to more financial support from China. In 2011, the Bank of China opened a branch there, the first mainland bank to do so, and the Export-Import Bank of China began financing many major development projects. A major early initiative of Exim Bank was the financing of a multimillion dollar hydroelectric dam in Kampot – the Kamchay project – which began construction in 2007 and went into operation in 2011. This is one of five dams with total capacity of 915 megawatts built with the assistance of China and they will provide Cambodia with the reliable energy supplies it needs for its future development. Last year Exim Bank signed an agreement to provide a $1.67 billion loan for a petroleum refinery on the border of Sihanouk and Kampot that is being built by China Petroleum and Chemical Corporation and is due to be completed in 2018. Exim Bank also signed an agreement with Cambodia’s Rural Development Bank to help Cambodia export one million tonnes of rice by next year. Most ambitious agreement Exim Bank’s most ambitious agreement so far was also signed last year. It agreed to provide $9.6 billion to build an iron and steel plant in Preah Vihear linked by a 405-kilometre railroad to a new port and bridge in Koh Kong, also financed by China. While most of the Chinese projects in Cambodia have focused on energy and infrastructure, these are paving the way for yet another stage of development – the expansion and modernisation of Cambodia’s manufacturing and its integration with the regional supply chain. Cambodia has some of the cheapest labour in Asean and this, together with its open investment environment, makes it attractive as an alternative production base for China. Last year, China overtook South Korea as the biggest investor in Cambodia. China is also Cambodia’s biggest aid provider; partner for large infrastructure projects, and financier and trade partner. It is now assuming a new role as a patron for science and technology development. In August, the two countries agreed to establish the Cambodia-China Technology Transfer Centre, based in Phnom Penh. It is significant that Cambodia became the first Asean country to sign such an agreement, which will help accelerate the use of science and technology for socioeconomic development. This special relationship with Cambodia is highly valued by China and plays a major role in accelerating Cambodia’s economic development. Thai investors must certainly keep a close eye on the changes taking place in our neighbour, and position ourselves well to take advantage of future growth opportunities. By Suwatchai Songwanich Chief executive Officer, Bangkok Bank (China)The post The special relationship between China and Cambodia appeared first on Asean Investment | Marc Djandji Blog.

Local official uses power of art to inspire change

Vice-mayor finds drawing cartoons a good way to understand the world, report Ding Congrong and Shi Jing.Creating cartoons requires not only a sharp sense of aesthetics but also the ability to think ” thoroughly and critically,” said Zhu Jin, vice-mayor of Nantong, Jiangsu province.As a senior government official in charge of scientific and cultural industries, Zhu spends much of his spare time drawing and thinking.He said doing cartoons is a good way to better understand the world and “bring art to life.””Through funny pictures imbued with profound meaning, the public can learn more about government policies and society as a whole,” he said.When his first cartoon was published in China Youth Daily in 1987, Zhu considered it the greatest honor of his life to that point, he said.”I never thought I could make such an achievement in arts,” he said. He then became president of Nantong Association of Cartoonists. Zhu’s early works were humorous, and many of his cartoons were well known in the 1980s and 1990s.Later, Zhu expanded his style from satire to commentary on popular topics in society.Although his official duties leave him with little time for cartoons these days, he remains dedicated to promoting the art in Nantong through an array of activities.One example is the cartoon competition. In 2008, the local government of Nantong held a comics competition to promote environmental protection.Earlier this year, the local government held the International Cartoon Competition on Environmental Protection.The competition took place in the city’s Cultural and Creative Industry Park, a refurbished factory that reflects the merger of modern industry with natural beauty.Zhu created a cartoon for the opening ceremony of the competition.”The cartoon, Golden Boy and Jade Girl, symbolizes my hope for a beautiful future and echoes the central government’s call for creating a beautiful China,” he said.”Of course, we cannot count on one competition to solve all existing environmental problems.”China Education Television has used some of Zhu’s artwork to promote environmental protection in a short video made for students in primary and middle schools.”We should protect the environment from small things rather than expecting other people to change,” Zhu said.”I won’t take the lift. If the conference hall is not too far away from my office, I will walk there.”The results of environmental protection should not be measured by the government’s fiscal budget, Zhu said.”Ecological balance cannot be calculated simply by numbers and figures in the budget,” he said.In 2011 , a museum on environmental protection was set up in Nantong to advocate the idea of the “green economy.””Nantong had some serious environmental problems in the past. But now this museum will encourage a shift away from polluting lifestyles,” he said.Zhu said environmental protection means harmony between people and nature.”To restore the environment, the cost will be very high,” he said.”We should warn people of the dangers of polluting the environment first and restoring it later

China Property – Sharp growth of luxury property sales in Beijing

Transactions in Beijing’s luxury property sector totalled CNY3.5 billion (US$561 million) Live Trading News has reported that purchases of luxury residential property in Chinese capital Beijing has inverted a preceding downhill movement, to mark an intense growth in the month of November. Local real estate consulting agencies have suggested that this sharp rise is due to the availability of relatively cheap loans, and the growing appetite of overseas investors. Luxury residential properties in Beijing, usually villas valued at approximately CNY50,000 (US$7,948) per square metre, saw robust purchases of 412 properties in November, rising 52 percent year on year and 84.8 percent month on month, according to Yahao Real Estate of Beijing.