6 BEIJING REVIEW APRIL 20, 2017 http://www.bjreview.com
THIS WEEK
State Firms Bolster
Xiongan
More than 30 central state-owned
enterprises (SOEs) from power,
infrastructure and transportation
industries plan to seize business
opportunities expected from the
planned creation of the Xiongan New
Area in Hebei Province, according to
the website of the countryís top SOE
regulator on April 10.
Central SOEs including the
China Telecommunications, China
Eastern Airlines, China National
Machinery Industry and China
Energy Engineering have all held
top management meetings to
discuss plans to develop the new
area, according to the website of the
State-Owned Assets Supervision and
Administration Commission of the
State Council.
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energy supplies, the China National
Offshore Oil said it will build a
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gas to the Xiongan New Area,
stretching from its supply network
connecting its production base in the
Inner Mongolia Autonomous Region
to consumption markets in northern
China.
ìThe new area will certainly
bring in people, capital and con-
sumer goods, which requires the
companies to build hospitals,
industrial parks, roads, airports,
energy and water supply facili-
ties,î said Lu Huapu, a professor at
Tsinghua University and a member
of the expert committee advising on
the integrated development of the
Beijing-Tianjin-Hebei region.
Lu said central SOEs, particularly
in infrastructure, telecommunica-
tions and transportation, are not
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move their headquarters and subsid-
iaries to the new area, but also to be
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to build the infrastructure of the area.an array of global marketing and
advertising activities for both the
2017 Confederations Cup and 2018
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200 countries and regions in the
process and enhancing the brandís
international exposure.
Hisense will be able to associate
its logo with the forthcoming major
FIFA events, as well as numerous
other rights that include access to
advertising boards in stadiums, on-
screen credits and other creative
marketing opportunities on and off
the pitch during the events.
Liu Hongxin, President of
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sporting events in the world, rivaled
only by the Olympic Games. For
Hisense, sponsoring the prestigious
tournament not only serves as a
massive marketing opportunity
for the brand, but also as a crucial,
strategic initiative for the entire
enterprise.
ìOver the years, Hisense has
earned a lot of experience and
brand growth through sports spon-
sorships,î said Liu at a joint press
conference held with FIFA on April 6.
Additionally, Hisense will offer
its technical expertise and products
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while also engaging in a joint R&D
initiative with FIFA to further push the
boundaries of display technology.New Train Order
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top train maker CRRC Corp. has
acquired a subway train order from
Nagpur, India, the company said on
April 9.
A total of 69 train coaches will
be produced by CRRC Dalian for
subway operations in Nagpur, the
largest city in central India, accord-
ing to an agreement signed by
the company and a local subway
company.
The trains are for two urban
rails in the city with a total length of
38 km. The agreement, signed on
March 27, also includes a 10-year
train maintenance project, accordingECONOMY
XINHUA
The new area has also brought
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institutions.
The China Construction Bank
will establish a leading group to
coordinate its business in the new
area in its headquarters in Beijing,
as well as set up a regional branch
in the area. The China Merchants
Group will also support the Xiongan
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including bank loans, bonds,
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and public listing business.Hisense Becomes
FIFA Sponsor
Chinese electronics giant Hisense
announced on April 6 its status as
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Chinese consumer electronics brand
to sponsor the tournament.
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sponsor, Hisense will engage inBooming Cargo Throughput
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the Hebei Port Group handled 91.85 million tons of cargo, up 22.27 percent year on year.