CGTN: How China Boosts High-quality Development, High-Efficiency Governance For Modernization Drive
BEIJING, May 21 (Bernama) -- Located in Luoyang in central China's Henan Province, Luoyang Bearing Group Co., Ltd. is a traditional manufacturing firm that has invested heavily in scientific and technological research and made significant progress in industrial upgrading in recent years.
The firm has built a leading domestic bearing test platform for aerospace, wind power generation, high-speed railways, and new energy vehicles and has realized full digitalization of products from design, material selection, and production to delivery by applying technologies such as 5G Industrial Internet of Things.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Barnama
an hour ago
- Barnama
Maybank Underwrites RM2.5 Bln For Dayone's Green Data Centres In JS-SEZ
KUALA LUMPUR, June 11 (Bernama) -- Maybank is underwriting RM2.5 billion, which is one-third and the largest share of the biggest syndicated Islamic financing for data centres in Asia Pacific, to support DayOne Data Centers (DayOne) green data centres in the Johor-Singapore Special Economic Zone (JS-SEZ). This onshore ringgit Islamic tranche amounting to RM7.5 billion, and an equivalent US Dollar-denominated offshore conventional tranche, form a five-year, dual-currency green financing package totalling RM15 billion. The borrower, WG Data Hub Sdn Bhd, a wholly owned subsidiary of DayOne, shall use the proceeds to develop data centres of Leadership in Energy and Environmental Design (LEED) Gold-certified and above. LEED is an internationally recognised and globally utilised green building certification system.
Barnama
an hour ago
- Barnama
China, US Agree On Plan To Ease Trade Tensions After Talks In London
WORLD ISTANBUL, June 11 (Bernama-Anadolu) -- China and the United States (US) have agreed on a framework and implementation plan after two days of trade talks in the UK, China's top trade envoy Li Chenggang said late Tuesday, Anadolu Ajansi reported. 'The two sides agreed, in principle, on the framework for implementing the consensus of the two heads of state in their firm call on the 5th of June, as well as the consensus of the meeting in Geneva,' Li told journalists in London. He said both sides would report back to their leaders on the talks and the framework reached in the UK. Li said the Chinese and US teams worked 'very diligently' and had 'very in-depth exchanges' over the past few days, adding that their communication was 'very professional, rational, in-depth and candid.' He expressed hope that the progress in the talks would be 'conducive to increasing trust' between the two countries, to promote stable trade and economic relations, and contribute positively to global economic development. A new round of trade talks between the US and China aiming to reach a deal started on Monday in London. The talks were expected to revolve around China's restrictions on exports of rare earths to the US and Washington's restrictions on some tech exports to China, as well as the dispute over tariffs. The meeting followed US President Donald Trump's phone conversation with Chinese President Xi Jinping last week, with Trump saying later that the conversation "resulted in a very positive conclusion for both countries." The two sides are aiming to build on a 12th May deal struck in Geneva, when they agreed to a 90-day suspension of most duties and to roll back measures imposed since early April after Trump announced "reciprocal" tariffs on US trading partners.
Daily Express
an hour ago
- Daily Express
CILTM Sabah calls for creation of State Transport Ministry
Published on: Wednesday, June 11, 2025 Published on: Wed, Jun 11, 2025 By: Bernama Text Size: For illustrative purposes only. LABUAN: The Chartered Institute of Logistics and Transport Malaysia (CILTM) Sabah Section has called for the establishment of a Ministry of Transport in Sabah, emphasising the critical role of logistics and transport in driving economic growth and social inclusion. Speaking at a seminar on 'Transport Planning for a Better Tomorrow' at the Universiti Malaysia Sabah (UMS) on Tuesday, CILTM Sabah chairman Daniel Doughty said that while the state's logistics and transport infrastructure is vital to daily life and the economy, it suffers from fragmentation, underinvestment, and short-term planning. Advertisement Citing a World Bank study, he highlighted that transport costs in Sabah are 30 to 50 per cent higher than in Peninsular Malaysia, with public transport penetration in urban areas such as Kota Kinabalu at just 15 per cent, compared to 45 per cent in Kuala Lumpur. Doughty pointed to the Pan Borneo Sabah Highway as a case in point, with Phase 1A having progressed to 82 per cent completion, but Phase 1B lags at only 3.7 per cent, while Phases Two and Three remain far from satisfactory. 'These numbers are not just figures; they are symptoms of systemic gaps in planning and coordination. 'The current planning in Sabah is often reactive…we have seen it too many times. Only when roads are clogged, only when commuters complain, only when freight is delayed or major supply chain issues arise, then we start forming committees and scramble to respond,' he said in his text presentation shared with Bernama today. Hence, Doughty urged a shift to anticipatory, data-driven planning that engages all stakeholders and prioritises long-term development. Reflecting on past efforts, he recalled that during a webinar in March 2023, CILTM Sabah advocated for the formation of the Sabah Logistics Council (SLC) to the Sabah Works Ministry through its permanent secretary. 'The council was established in June 2024 and has since brought together players from ports, local councils, freight operators, academia, and government agencies to address critical challenges in the logistics and transport sector. 'Despite this progress, more needs to be done…just next door, Sarawak has established a Ministry of Transport. Why does this matter? Because logistics and transport are too vital to be a side portfolio,' he said. Doughty proposed that, if established, the Sabah Ministry of Transport would allow for funding channels, cross-sector integration, and ministerial-level accountability. 'The ministry could also spearhead the creation of a Sabah Logistics and Transport Masterplan that would outline short, medium, and long-term priorities, incorporate rural logistics development, address decarbonisation and smart mobility, and map transport corridors with a 50-year perspective. He said resilience planning should be a key component, considering the threats of floods, landslides, and supply chain disruptions. He also highlighted the potential of technologies such as artificial intelligence (AI), the Internet of Things (IoT), and blockchain to transform the sector. 'Imagine AI systems optimising bus schedules in real-time, or blockchain platforms securing cross-border documentation. 'Notably, the Labuan Transhipment Blockchain Protocol has proven to be a successful initiative, serving as the foundation for a growing ecosystem developed by Tijarah Holding Ltd that has since attracted strategic alliances, most notably with Tesla Asset Management Holdings. 'Infrastructure may be built with concrete and steel, but transport systems are powered by collaboration and political will,' Doughty said, urging participants to demand better planning, support governance reforms, and stay engaged as stakeholders. 'Let us transform Sabah's transport landscape not through complaints, but through coordinated, sustained action. Let us build a Sabah that moves better, faster, and stronger together,' he added. * Follow us on our official WhatsApp channel and Telegram for breaking news alerts and key updates! * Do you have access to the Daily Express e-paper and online exclusive news? Check out subscription plans available. Stay up-to-date by following Daily Express's Telegram channel. Daily Express Malaysia
