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China’s import expo opens, Xi urges building open world economy

More than 3,600 companies from different countries will hold discussions and seek common development with over 400,000 purchasers from China and overseas.

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xijinping

Beijing, Nov 5 : Chinese President Xi Jinping announced the opening of the world’s first import-themed national-level expo here on Monday, calling it a “trail-blazing” move in the history of international trade development.

A total of 172 countries, regions and international organisations from five continents will showcase their development achievements and international image at the first China International Import Expo (CIIE), reports Xinhua news agency.

More than 3,600 companies from different countries will hold discussions and seek common development with over 400,000 purchasers from China and overseas.

The CIIE is “a major policy for China to push for a new round of high-level opening-up and a major measure for China to take the initiative to open its market to the world”, Xi said when delivering a keynote speech at the opening ceremony.

He underscored the role of economic globalization, saying that it is “an irreversible historical trend” and provides strong momentum for world economic development.

“All countries should be committed to opening up and oppose protectionism and unilateralism in a clear-cut stand,” Xi said, calling for joint efforts to build an open world economy.

The fair will feature various quality exhibits ranging from German machine tools, Japanese robots and US medical equipment to Australian wine, Brazilian farm produce and South Sudanese handicrafts.

With the slogan “New Era, Shared Future”, the expo is the brainchild of Xi and is set to become a platform for win-win economic cooperation and a landmark project in the country’s higher-level opening up.

China will stimulate the potential for increased imports, continue to broaden market access, foster a world-class business environment, explore new horizons of opening up, and promote international cooperation at multilateral and bilateral levels, Xi said.

The expo comes at an inflection point as China transitions to high-quality development and shifts from the world’s workshop to the world’s market, with the world’s biggest middle-income population demanding higher-quality consumer products.

Xi announced that China’s imported goods and services were estimated to exceed $30 trillion and $10 trillion, respectively, in the next 15 years.

China has been the world’s second largest merchandise importer for nine consecutive years.

This year marks the 40th anniversary of China’s reform and opening up, and has seen a flurry of concrete measures taken by the country to open its doors wider.

“China will not close its door to the world and will only become more and more open,” Xi added.

IANS

Industry

Nokia to cut jobs, says slow 5G progress not cause for layoffs

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Helsinki, Jan 16: Finnish telecommunication giant Nokia on Tuesday announced its plans to cut jobs, media reported.

Nokia gave 350 as a layoff target in Finland, and said the figures in France and Germany would be higher, but did not specify.

However, the company denied that the cuts would be related to the slower than expected launch of 5G technology, Xinhua news agency reported.

Instead, the aim is to make operations more efficient as the consolidation after the purchase of the French Alcatel-Lucent has been completed.

Tommi Uitto, director in charge of Nokia’s operations in Finland, said the changes are “necessary”. The cutbacks are part of 700-million-euro (about $798.7 million) savings announced in October 2018. Thereafter Marc Rouanne, one of the key directors, left the company.

In France, the General Confederation of Labour (CGT) accused Nokia on Tuesday of attempting to improve profitability through shifting work to countries where labour costs are lower than in France.

Finnish daily Helsingin Sanomat quoted the union as saying that Nokia has broken its 2016 promise to the then finance minister Emmanuel Macron that staff size at Alcatel-Lucent and Bell Labs would remain at 4,200 for two years.

CGT claimed that Nokia had also broken its pledge to employ 2,500 new staffers in research and development. Helsingin Sanomat economics writer Petri Sajari said the French unions could turn the Nokia cutbacks against President Macron.

Headquartered in Espoo, Finland, Nokia currently employs 100,000 people worldwide, 6,000 of them in Finland.

IANS

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Tamil Nadu Defence Corridor may see projects in aerospace, missile parts

The function to be held at Tiruchirappalli will be attended by Defence Minister Nirmala Sitharaman and will have Chennai, Hosur, Salem, Madurai, Coimbatore and Tiruchirappalli as major nodes.

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New Delhi, Jan 14 (IANS) Defence manufacturing will get a shot in the arm with a series of projects set to be announced for the Tamil Nadu Defence Corridor, the second such hub in the country, on January 20.

The projects may include aerospace, hand-held weapons, parts of missiles and manufacture of composites.

Kumar said on Monday that the corridor will be developed on the existing defence ecosystem in the state and create synergy with its manufacturing base in terms of automobiles and components, information technology, textiles besides a large pool of engineering talent.

He said the Tamil Nadu Defence corridor is expected to attract more initial investment than Rs 3,700 crore announced when the Uttar Pradesh Defence Industrial Corridor was unveiled last year.

“Tamil Nadu will be very good for aero components,” he said, adding it has a proximity with Bengaluru with a reliable aero-industry base.

The function to be held at Tiruchirappalli will be attended by Defence Minister Nirmala Sitharaman and will have Chennai, Hosur, Salem, Madurai, Coimbatore and Tiruchirappalli as major nodes.

Two defence corridors were announced in Tamil Nadu and Uttar Pradesh in the Union Budget last year. The Uttar Pradesh Defence Industrial Corridor at Aligarh last year saw announcement of investment of over Rs 3,700 crore.

The defence innovation hub will be based at Coimbatore, which has a large number of micro, medium and small enterprises.

Kumar said efforts are being made to attract these units to the defence sector and boost indigenisation. The innovation hub will have a common facility centre to be created through a special purpose vehicle.

The government has already approved Defence Innovation Fund (DIF) to foster innovation and technology development in defence sector by engaging research institutions, academia, industry including MSMEs, start-ups and also individual innovators.

An expert familiar with the project said that more than a dozen projects are expected to be announced for the Tamil Nadu Defence Corridor along with investment both by the private industry and public sector undertakings.

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DD News vacancy requires incumbent to provide reports to PMO, execute its instructions

The vacancies advertised include Delivery Planning and Execution Managers (Shift), Senior Image/Video Analyst and Editor, Video/Image Editor and Optimisers, Creative Writers and Social Media Mavens, Social Media Entrant, Online Research Managers, Social Media Creative Art Director, People Operations and Onboarding Manager, Data Scientists, Strategy Manager and Insights Officer, Head of Analytics and Insights and Social Media Delivery Planning Officer.

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New Delhi, Jan 12 : Ahead of the general elections, Doordarshan News is planning to vastly upscale its social media presence in the coming months with the Prime Minister’s Office (PMO) expected to keep a tab on its efforts to compete with private channels in digital space.

Broadcast Engineering Consultants India Limited, a government enterprise under the Information and Broadcasting Ministry, has come out with an advertisement for 24 vacancies that specify detailed roles and responsibilities with the Social Media Officer and Project Delivery Head also responsible “for providing reports to the PMO and to execute the instructions laid out by PMO office“.

The applications, for “digital/social media project”, were invited on contract basis initially for six months and carry remuneration ranging from Rs 47,000 to Rs 1,95,000 per month. The last date for sending applications was January 10.

The responsibilities of the Social Media Officer and Project Delivery Head include working as team leader of social media, handling day to day affairs, hiring and managing the right talent pool for the social media team and ncreasing the social reach of DD News.

The “parameters” recommended for the post include sound knowledge of global social media and digital trends, advertising, marketing, team management, being tech savvy and being comfortable in use of new emerging technologies.

The vacancies advertised include Delivery Planning and Execution Managers (Shift), Senior Image/Video Analyst and Editor, Video/Image Editor and Optimisers, Creative Writers and Social Media Mavens, Social Media Entrant, Online Research Managers, Social Media Creative Art Director, People Operations and Onboarding Manager, Data Scientists, Strategy Manager and Insights Officer, Head of Analytics and Insights and Social Media Delivery Planning Officer.

The last three posts carry remuneration of Rs 1,95,000 per month.

Among the roles of Delivery Planning and Execution Managers (Shift) will be increasing social media outreach of DD News in Hindi and English through Facebook, Twitter and YouTube.

The Video/Image Editor and Optimisers will be required to optimise and edit so that videos and images are delivered in socially shareable formats most suited for the social media platforms.

The Creative Writers and Social Media Mavens will be responsible to identify and write content which will connect with the digital audience and will increase visibility for DD News content on social media platform.

The responsibilities of Social Media Entrant include “gathering story and content for trending stories by themselves or as guided”.

The Online Research Managers will also be responsible for understanding and predicting “the trends for future needs backed with research and data mining.”

The post also requires the incumbent to prepare comparative report for trends used by other private channels and by DD News besides being responsible for analysis of content posted over the internet.

IANS

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