CPEC first phase completed while second is underway:Chinese Envoy

chinese cg welcome dinner

Karachi(Cliff News)Newly appointed Consul General of People’s Republic of China Li Bijian, has said that China-Pakistan enjoy long history of bilateral relations. Talking to media at the welcome dinner hosted in his honour by the management of Avari Group of Hotels at Beach Luxury Hotel, The dinner was largely attended by diplomats, businessmen, industrialists, journalists and elite of City.Mr. Li Bijian said that Work on the first phase of the CPEC has been completed while the second phase is underway and the people of both countries will get benefit after the completion of the project.Li Bijian found the people of Karachi very friendly and loving, as he looks forward to further strengthen the relations of two neighbouring friendly countries as both hold a similar stance on important issues. To a question, he said that enhancing the bilateral trade and investments would be his prime focus during his assignment.He further said that Pakistan is the Seventh country where he gets the opportunity to work and after full completion of coal-fired power plant by China in Thar interior of Sindh the load shedding of power will be overcome.Mr. Azeem Qureshi, Corporate Director Sales Avari Group of Hotels said that after the completion of CPEC project the tourism can enjoy the maximum traditional food festivals.

Chinese Food Festival brings mouth watering cuisine to Karachi

Mr. Chen Xiaodong, Acting Consul General of the People's Republic of China was the Chief Guest and iaugurated the festival along with the organizers
Mr. Chen Xiaodong,Acting Consul General of the People’s Republic of China was the Chief Guest at Chinese Cultural and Food Festival at Beach Luxury Hotel. Photo Shows Mr. Azeem Qureshi, Corporate Avari Group of Hotels, Barrister Abdul R. Sattar, Syeda Shezah Rizvi, CEO of  Event Crafters, Shahnaz Ramzi CEO of Star Links with other guests. 
Karachi(Cliff News)Chinese cultural and food festival jointly presented by Beach Luxury Hotel & Event Crafters hosted a two-day event at Beach Luxury Hotel, offering Chinese dining on one
platform, hosting 30+ food stalls, live music, fun-filled activities and much more.With an amazing vibe and a lot of finger-licking Chinese food varieties, the event was attended by well-known celebrities, socialites and public.
The festival delivered diverse tastes and featured well-known Chinese eateries as well as those that offer a variety of food, including Chinese cuisine. Some of the participating stalls were:Tiffin n Co, Mr Veg, Lal Qila, Chop Soye, Kowloon, Dip n dough, Cafe Bogie, Maraheb.The evening concluded each day with an entertainment session. The first day session was hosted by Ahmed Godil and the second day session was hosted by Rafia Rafiq and Bilal Khan. Mr. Chen Xiaodong,Acting Consul General of the People’s Republic of China was the Chief Guest and inaugurated the festival. Mesmerizing live musical performances were given by Reath Band, Nimra and Ali Raza on day 1,while day 2 performances featured Ali Asad, Sherry Raza and Ali Raza.The visitors were also treated to traditional dances and fireworks. Free boat rides, and kite flying at the sea front was available for all.Attended by hundreds of food lovers over the two days, the festival was as much appreciated for its food variety and taste as for the nonstop fun it offered both days.The event was organized by Event Crafters and sponsored by 7up and Badar Expo Solutions. Media Partners were 8XM, bestsongs.pk, Apna channel and Jalwa. Yayvo tickets was the tickets partner while PR was done by Starlinks PR & Events.

The next generation of China’s corporate global giants

Karachi(Cliff News)ACCA (the Association of Chartered Certified Accountants) has identified the 100 fastest-growing Chinese businesses emerging as global corporations – based on analyses of historical performance and their potential for future growth.Together with the Shenzhen Finance Institute, ACCA has conducted in-depth research of nearly 3,000 private enterprises listed in China and overseas.The research stems from 11 specially designed diverse indicators, with five of these measuring the companies’ historical performance and six predicting their future growth. These factors include the company’s size, growth, profitability, innovativeness, level of internationalisation, and media coverage.Sajjeed Aslam, head of ACCA Pakistan says: ‘ACCA has been monitoring China’s rising corporates and businesses, with an original report in 2014, followed by further analysis in 2016. What’s clear across all reports is the aspiration to go global, with many Chinese firms already doing so. This most recent report indicates that many of these businesses will become China’s next generation of global corporations over the next few years if they continue on their current trajectories. Businesses in Pakistan need to learn from these examples of accelerated business growth and should explore opportunities to build partnerships with them to jumpstart their own global expansion.’

Key findings include:

Internet: More high-tech enterprises have evolved into the leaders of China’s future economic growth. Among the Top 100 companies, 42 companies are engaged in the computer and internet-related sectors. Since the 2016 ranking, the number of internet enterprises has increased by 50%.

Diversity: China’s future giants represent a fairly diverse range of industries. Those listed overseas tend to be involved in the internet, software development and other related sectors. The seven companies which are listed on the Hong Kong Stock Exchange (HKEX) are in the manufacturing, medicine and internet sectors.

Highest performers: The companies with the best overall rankings had better scores than other companies for corporate scale, growth, cash flow, overseas strategy and media coverage.

Common features: Despite not being widely-known internationally, the top-ranked enterprises have had a relatively rapid growth and support innovative development with a long-term vision and international strategy, enjoying positive media coverage and having a strong focus on R&D.The report also profiles three companies as case studies:

1)    Sunway Communication started out as a supplier of mobile device antennas in 2006 and is now a big player among global suppliers, with its focus on maintaining an technological edge, achieving organic growth, pursuit of long-term goals and grasping the best moment to become involved in the new technologies.

2)    Autohome Inc began life as a traditional media company in 2005 and is undergoing a successful evolution into the world’s most-visited car website. Even with the decline in growth and fierce competition in China’s current automobile market, Autohome was able to outperform its benchmark and recorded a 39% year-on-year growth in net profit.

3)    Aier Eye Hospital is a leader in ophthalmology with significant growth, offering various types of diagnosis and treatment, surgery and optometry services, with a network spread across mainland China, Hong Kong SAR of China, Europe and the US. The chain has treated almost 6 million patients in over 560,000 surgeries. Among all the companies ranked earnings Aier Eye Hospital achieved the highest scores in earnings quality and cash flow among all the companies ranked.To increase understanding of the impact of China’s Belt and Road Initiative, ACCA is actively collaborating with a range of strategic partners, working together to explore and define the opportunities and challenges facing countries and businesses along the routes, with special focus on the China-Pakistan Economic Corridor (CPEC).ACCA publishes a wide range of Belt and Road focused research and insights to support its members who are already working and supporting BRI projects.

About ACCA

ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.ACCA supports its 208,000 members and 503,000 students in 178 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 104 offices and centres and more than 7,300 Approved Employers worldwide, who provide high standards of employee learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally.Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountabilities.



Huawei reassures to help 500 million people benefit

Huawei Photo Release - Huawei's Deputy Chairman Ken Hu gave a speech at the TECH4ALL Summit (Sep 18, 2019).jpg

Karachi(Cliff News)“Digital inclusion means using digital technology to promote inclusive development and leaving no person, home, or organization behind.” During HUAWEI CONNECT 2019, Huawei’s Deputy Chairman Ken Hu gave a speech at the TECH4ALL Summit. The theme of the summit was “How Inclusive Innovation Can Empower the World”. In his speech, Hu elaborated on Huawei’s TECH4ALL initiative and shared the initiative’s current progress. He also called on more individuals and organizations to join Huawei in addressing global issues related to healthcare, education, development, and the environment. The target of TECH4ALL is to help another 500 million people benefit from digital technology in the next five years.Technological advancements are accelerating the advent of the intelligent world. While enjoying the conveniences of science and technology, we must also look at the other side of the story. Digital gaps still exist: In many cities in China, the elderly might be unable to hail a taxi on the street, because taxis are now often booked via mobile phones. In Bangladesh, women don’t have many opportunities to learn about computers. On the Comoros, until two years ago, the inhabitants were isolated from the outside world, because they had no communications network.As the infrastructure of the intelligent world, the ICT industry has played a vital role in promoting national economic growth and boosting social welfare and happiness. It will also help achieve the United Nations’ Sustainable Development Goals, enabling humanity to address challenges like poverty, inequality, climate change, environmental deterioration, economic issues, and healthcare problems. The ultimate goal is to not leave anyone behind in the digital world.Digital inclusion: making technology warmer. Huawei has never let up in its effort in this regard. Today, Huawei pressed ahead with its long-term initiative, TECH4ALL, to promote digital inclusion. Digital inclusion means every individual and organization can equally access and use information and communications technology.Huawei’s vision and mission is to bring digital to every person, home and organization for a fully connected, intelligent world. “Digital inclusion” best reflects the social value that Huawei can create through its vision.Against this backdrop, TECH4ALL was born.“Digital technology is reshaping the world. We want it to benefit everyone and we want digital inclusion for all. In this regard, technology is the foundation, applications are the key, and skills provide assurance.”As of today, Huawei has ensured smooth communications for more than three billion people around the world, and supported the stable operations of more than 1,500 networks in more than 170 countries and regions. Hu said that in the next five years, the company will help another 500 million people benefit from digital technology. These benefits will not be limited to connectivity, also including the benefits of technologies like AI, cloud, and smart devices as well as related applications and skills.In the Pediatrics Department, babies cannot explain what’s wrong with them, which presents a huge challenge. Congenital eye diseases among babies and young children are some of the most difficult to diagnose in the Pediatrics Department. In many cases, young children just cry when their eyes are uncomfortable, and their parents often think they are just making a fuss out of nothing. Due to a lack of related knowledge, many children with eye diseases are left undiagnosed for too long and thus miss out on the best opportunity for treatment. This then negatively impacts the rest of their lives.This is just a snapshot of the TECH4ALL initiative. Currently, Huawei is working with many international NGOs to address problems related to healthcare, education, development, and the environment on a much bigger scale. The TECH4ALL Summit has attracted representatives from many organizations. These include international organizations like UNESCO, WWF, and WEF, NGOs like RFCx and DIVE Medical, and governments, businesses, and industries. All of these have contributed ideas to the TECH4ALL initiative.HUAWEI CONNECT 2019 is an annual flagship event hosted by Huawei for the global ICT industry, and is held in Shanghai from September 18 to 20, 2019. This year’s Conference is themed on “Advance Intelligence” and aims to establish an open, cooperative, and shared platform for customers and partners to explore new opportunities for an intelligent future.

About Huawei:

Huawei is a leading global provider of information and communications technology (ICT) infrastructure and smart devices. With integrated solutions across four key domains – telecom networks, IT, smart devices, and cloud services – we are committed to bringing digital to every person, home and organization for a fully connected, intelligent world. Huawei’s end-to-end portfolio of products, solutions and services are both competitive and secure. Through open collaboration with ecosystem partners, we create lasting value for our customers, working to empower people, enrich home life, and inspire innovation in organizations of all shapes and sizes. At Huawei, innovation focuses on customer needs. We invest heavily in basic research, concentrating on technological breakthroughs that drive the world forward. We have more than 188,000 employees, and we operate in more than 170 countries and regions. Founded in 1987, Huawei is a private company fully owned by its employees.



U.S President Trump is treating Huawei Unfairly: Microsoft

Karachi(Cliff News)The way the U.S. government is treating Huawei is un-American. China’s leading maker of networking equipment and mobile phones should be allowed to buy U.S. technology, including software from his company”. These thoughts were express by Microsoft President and Chief Legal Officer, Brad Smith.Such actions shouldn’t be taken without a “sound basis in fact, logic, and the rule of law,” says Smith, adding that Microsoft has asked U.S. regulators to explain themselves. “Oftentimes, what we get in response is, ‘Well, if you knew what we knew, you would agree with us,’” he says. “And our answer is, ‘Great, show us what you know so we can decide for ourselves. That’s the way this country works.’” U.S. President Donald Trump has said Huawei, run by a former Chinese army technologist, is a national security threat, and his Department of Commerce has added the company to an export blacklist scheduled to take full effect in November.Trump should know better, Smith says, citing Trump’s experience in the hotel industry. “To tell a tech company that it can sell products, but not buy an operating system or chips, is like telling a hotel company that it can open its doors, but not put beds in its hotel rooms or food in its restaurant. Either way, you put the survival of that company at risk.”Huawei is a key customer for Microsoft’s Windows operating system, which comes loaded on its branded consumer laptops. Four years ago, Smith and Microsoft Chief Executive Officer Satya Nadella hosted Chinese President Xi Jinping at Microsoft for a photo op with tech leaders including Apple CEO Tim Cook and Facebook CEO Mark Zuckerberg. That probably won’t happen again.Tensions between the U.S. and China feature prominently in Smith’s new book, Tools and Weapons: The Promise and the Peril of the Digital Age. While Huawei is its own case, Smith worries that broader and tighter strictures could soon follow. The Commerce Department is considering new restrictions on the export of emerging technologies on which Microsoft has placed big bets, including artificial intelligence and quantum computing. “You can’t be a global technology leader if you can’t bring your technology to the globe,” he says.
Microsoft has asked the Commerce Department to consider outlawing sales to particular customers or for particular uses that might pose national security risks, such as universities with ties to the Chinese military. Smith uses the analogy of the scalpel vs. the meat cleaver. The company also wants to make sure academic research can continue to cross borders, including from Microsoft Research Asia in Beijing.
A coalition of democracies should agree on standards for privacy and data collection and press China for better behavior, Smith says. Such privacy norms, he says, should govern “appropriate” data sharing that can help contribute to AI development and keep pace with Chinese efforts. That’s an idea that will likely alarm some privacy advocates.Smith, who raised money for Hillary Clinton’s presidential campaign in 2016, says the bigger concern should be America’s leadership on the world stage, citing issues including gun violence and climate change. “The only way you can manage technology that’s global is to have governments actually work with each other,” he says.

Medworks launch mobile based glucose meter for diabetic patients

Karachi(Cliff News)Medworks launches mobile phone-based glucose meters
Medworks, a digital healthcare start-up centered around the management of diabetes, held a launch for Glu-Sage, a mobile phone-based glucose meter, and also Insulauto, a cost-effective insulin pump at a local hotel on 30 March 2019. Medworks is the first company to develop smart-phone compatible glucose testing system in Pakistan.
Glu-Sage – currently available for Android smartphones – plugs into the phone’s headphone jack.Using the Medworks application, users can view, save and share their glucose readings.
The event was attended by leading diabetologists and endocrinologists from Pakistan. Faisal Masood (CEO – Medworks) welcomed participants. He mentioned that the goal of the
organization is to empower patients to use data in order to improve their own health outcomes and be better connected to doctors.Dr. Abdul Basit (President of International Diabetes Federation – MENA region and Director of Baqai Institute of Diabetology and Endocrinology) shared that a study published last year concluded that 1
in every 4 Pakistanis is now diabetic. High blood glucose levels are major contributors to mortality and morbidity. According to the WHO, global burden of deaths from diabetes is over 3.7 million, and is rising fast. This has mandated looking for new and improved ways of managing diabetes.He also spoke about the importance of self-monitoring blood glucose, and how digital tools like Glu-
Sage can assist in this. He said that technology has the potential to transform the health industry in
Pakistan. He mentioned that recently, a Science and Technology Task force led by Dr. Atta-ur-Rehman has been launched to support entrepreneurs in the STEM field and improve innovations in sectors such as health and education.
Mr. Derek Yao (International Sales Director, APEX Medical China) also attended the event.He discussed the journey of APEX from China to Pakistan. He praised the set up of diabetes education in Karachi. He mentioned that the devices are being distributed in South America, Russia and 25
countries in Europe.

China ready to extend more finance for clean Karachi:CG Wang Yu


Karachi(Cliff News)Chinese Counsel General in Karachi,
Wang Yu  said that the Government of China is keen to see Karachi a
clean city and is ready to provide finance, if needed, for this
purpose.Chinese envoy was speaking at a ceremony to handover
Garbage Tractor and Loading Bike to the Pakistan’s youngest Councilor
Mustafa Karani, from UC-18 Al-Falah area of PS-129, here at the
Governor House.Sindh Governor Imran Ismail thanked the Chinese Consulate for
offering more Garbage Tractors and Loading Bikes to the City
Government to keep Karachi clean. The Governor recalled that Sino-Pakistan friendship went back to decades which was becoming stronger with the passage of time. In future, he said, these two border countries would expand their cooperation and partnership in more sectors especially in the economy.He said the friendship did not exist only between the two governments but in the peoples of the two countries.“ Pakistanis and Chinese do feel at home when they visit each other’s country,” he remarked.To a media question, the Governor said the accountability process was going across the board and on merit. For the first time,it was being carried in very transparent manner to the satisfaction of
even the common man. Pakistan Tehreek-i-Insfaf’s members of Sindh Assembly from Karachi Dr. Imran Ali Shah, Haleem Adil Shaikh, Mr. Riaz Haider,Mr. Adeel Ahmed Khan, and CPLC, Chief Zubair Habib were also present.