China has introduced an additional 10% tax on "super cars", including Ferrari, Bentley, Aston Martin and Rolls-Royce.The tax, affecting cars that cost more than 1.3m yuan ($189,000), is aimed at curbing lavish spending and reducing emissions, authorities said.It is part of a wider effort by Chinese authorities against flashy demonstrations of wealth, which has already hit other luxury brands.China is a key market for high-end carmakers.Automakers have in recent years increasingly tailored their luxury models to appeal to Chinese buyers.Both Rolls-Royce and Aston Martin are planning t...
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2016
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China has approved a 247 billion yuan railway plan to improve transport links between the capital Beijing, the port city of Tianjin, and the neighbouring province of Hebei, part of plans to integrate the three areas into a mega-city.The National Development and Reform Commission said in an online statement on Monday that the plan will span nine projects that total 1,100 kms (683 miles) long. The projects will be built over the years up to 2030, it said.The current population of the three areas is estimated at around 110 million, and by the time it’s complete, the so-called Jing-Jin-Ji project ...
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2016
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Scientists from the University of Central Florida (UCF) have created a supercapacitor battery prototype that works like new even after being recharged 30,000 times. The research could yield high-capacity, ultra-fast-charging batteries that last over 20 times longer than a conventional lithium-ion cell. "You could charge your mobile phone in a few seconds and you wouldn’t need to charge it again for over a week," says UCF researcher Nitin Choudhary.Supercapacitors can be charged quickly because they store electricity on the surface of a material, rather than using chemical reactions. ...
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2016
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Chinese telecoms equipment group ZTE said on November 18 that it has won a further reprieve until February 27, 2017 on export restrictions that were imposed on the company by the U.S. government.In March this year, the U.S. Commerce Department hit ZTE with some of the toughest-ever U.S. export restrictions for allegedly breaking sanctions against Iran.If imposed, a ban for U.S. component makers and software firms to do business with ZTE could cut off much of the Chinese network equipment and smartphone maker’s supply chain.The latest reprieve comes after ZTE said this week it had appointed Mat...
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2016
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The European Commission will invest 3 million euros ($3.18 million) to set up a research and innovation center in China as part of its efforts to deepen EU-China scientific and technological cooperation.The center is the first EC-funded center in China that focuses on research and development. It will be headquartered in Beijing, and have networks in other cities on the mainland.Its services will range from organizing events to increasing exchanges between Chinese and European researchers, to producing reports about the situation in China on scientific and technological innovation.It will also...
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2016
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