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China needs 30 times its outsourcing capacity to meet demand created by drug pricing reform, says Wuxi Biologics boss

China will need 30 times its current outsourced manufacturing capacity for biological drugs, according to Chris Chen Zhisheng, chief executive of Wuxi Biologics, its largest drugs development and manufacture outsourcing company.“Under the Chinese government’s recent drug pricing reform policies, aimed at driving generic drug makers to put more resources in innovative drugs development, outsourcing demand will rise,” Chen said on Tuesday. “China’s contract outsourcing market is only tiny partly… Source link

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Meet the Chinese property developer that reckons it can take on Tesla

A Chinese property developer known for its investments in everything from soccer clubs to spring water companies is taking on Elon Musk in the electric vehicle (EV) arena, declaring it can be the biggest manufacturer in the world within three to five years.China Evergrande Group, the country’s second largest property developer, has been moving further away from its real estate roots for years, but this may be its boldest departure yet. The firm said in a statement on its website on Tuesday that… Source link

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Vietnam 

Banks speed recruitment to meet expansion plans – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI — Many banks have recently announced they will recruit a large number of personnel to meet their business expansion plans in 2019. Sài Gòn Thương Tín Joint Stock Commercial Bank (Sacombank) announced its plan to recruit 800 new staff for transaction offices and branches nationwide. The positions to be filled are for individual and corporate customer relationship managers, consultants and tellers, including 100 employees for four branches in the provinces of Thái Bình, Ninh Bình, Nam Định and Lào Cai. Leaders of…

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Vietnam 

Vinacomin strives to meet increasing demand for coal – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Cọc Sáu coal mine. Việt Nam National Coal – Mineral Industries Holding Corporation Limited is trying to meet the increasing demand for coal. — Photo vinacomin.vn Viet Nam News HÀ NỘI — The Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) had been working to meet the increasing demand for coal for electricity generation and production, Vinacomin’s general director Đặng Thanh Hải said. Vinacomin targeted to reach an output of 4.1 million tonnes of coal in March. Production would be enhanced at open-cast coal mines…

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Singapore 

Gardens by the Bay murder trial: Supervisor says accused asked to meet her but did not turn up with victim, Singapore News

SINGAPORE – Laundry shop manager Leslie Khoo Kwee Hock called his supervisor one morning to ask for help, saying a woman was on her way to the office at Tuas to create trouble. Then, in a three-way conference call, Khoo told the woman, senior engineer Cui Yajie, that he would pick her up and they would head downtown to meet his supervisor. But the supervisor, Ms Adeline Toh, never got to sort things out between the two on July 12, 2016. After picking up Ms Cui, Khoo drove to a…

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Hong Kong stock exchange wins ‘collaboration’ pledge as securities chiefs meet in Beijing

Hong Kong’s newly-appointed securities regulator on Tuesday vowed to work more closely with his mainland Chinese counterpart following their first meeting, as the city’s bourse seeks to attract mainland capital and companies to strengthen its global influence.Tim Lui Tim-leung, who became the chairman of the Securities and Futures Commission (SFC) in October, visited the China Securities Regulatory Commission (CSRC) in Beijing and met with chairman Yi Huiman for the first time on Monday, during… Source link

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Vietnam 

Logistics in Mekong Delta yet to meet expectations – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HCM City – The Mekong Delta is a large agricultural exporter as well as goods and machinery importer, but logistics in the region has been insufficient to promote agricultural production and exports. “Import and export activities in the Mekong Delta have been increasing thanks to international integration. The region needs a modern logistics system to reduce transport fees and increase competitive ability,” Nguyễn Minh Toại, director of the Cần Thơ City’s Industry and Trade Department recently told the Sài Gòn Giải Phóng (Liberated Sài Gòn)…

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Vietnam 

Coal-fired power set to grow to meet Vietnam’s needs – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News Thu Hà HÀ NỘI – Though the Government plans to increase its renewable energy capacity, Việt Nam’s power industry is forecast to see a rise in coal-powered generation as the cheap and reliable source remains the most feasible option to meet the country’s rapidly rising power demands. According to Yoel Sano, Head of Global Political and Security Risk of Fitch Group’s Fitch Solutions Macro Research, Việt Nam’s coal-powered generation growth is expected to increase rapidly over the next decade and dominate the country’s power…

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China 

Trade war with US the elephant in the room as China’s political advisers meet in Beijing

The trade war with the US was the elephant in the room as the annual gathering of China’s political advisers began in Beijing on Sunday.And while it was not directly mentioned in the advisory body’s official work report, the potential impact of trade tensions on the nation’s development could be found between the lines, and on the sidelines, of the meeting.Addressing more than 2,000 representatives of the Chinese People’s Political Consultative Conference (CPPCC), Wang Yang – chairman of the… Source link

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China’s virtual idols meet their fans at the intersection of entertainment and technology

Top Chinese pianist Lang Lang accompanied 15-year old singer Luo Tianyi in a performance for thousands of screaming fans at Shanghai’s Mercedes-Benz arena last Saturday.Luo, with grey pigtails and green eyes, has over three million fans on Weibo, China’s equivalent of Twitter, and tickets to the concert cost as much as 1,580 yuan (US$235).Only thing is, Luo is not real. She is a virtual idol who shared the staged with Lang, marking the first concert between a holographic singer and real-life… Source link

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