China

How China’s accelerated 5G rollout has propelled ZTE to its best result

5G rollout happens throughout the entire world, and even though there was a small backlash from the communities and a few conspiracy theories along the way, it’s not a secret that this particular technology will open up many opportunities for us as a human race.

Technology has to keep advancing, it’s what keeps the world turning. In this article we’ll talk about China’s accelerated 5G rollout and how it helped ZTE reach new heights. Let’s take a look at what you should know.

The results of China’s accelerated 5G rollout

Source:apcoworldwide.com

“Simply making it faster” is not what this is all about. The adoption of 5G technology is something that will boost the need for certain battery and electronic metals. However, China managed to deal with this and now they are greatly accelerating the 5G infrastructure construction. All this resulted in a huge success for China’s titan ZTE, a corporation responsible for telecommunications and information technology.

ZTE’s success spike is measured in numbers. This is a company that’s listed for open stock trading on the HK Stock Exchange, and upon the release of the news, their stock raised more than eight percent in price during the Monday trading. But, other successes were achieved as well. You can read more about ZTE 5G at lightreading.com.

ZTE achieved some impressive numbers in terms of contracts they landed for China’s massive 5G program. According to the statistics, both ZTE and well-known titan Huawei managed to score more than eighty percent of all 5G-related contracts in China. The other twenty or so percent were shared between smaller players such as Datang Mobile and Ericsson.

Another thing worth mentioning is that all analyses show ZTE made a heroic move of going “all-in” into 5G, and now their “bet” has paid off greatly. Did you know that China is responsible for slightly more than forty percent of all telecom global telecom equipment on the markets? Huawei sits on the first place with about thirty percent and ZTE with more than eleven percent. China is definitely outpacing the market in this field.

Perks of 5G technology and why China “thinks one step ahead”

Source:bajtbox.com

At this point it’s pretty clear that China is winning the race when it comes to 5G. The world-famous companies such as Huawei and ZTE are dominating the field and putting out huge numbers. A lot of people believe that China winning this race will be a good thing for the entire world. Is this really true? Let’s see.

Other countries at the moment are facing a lot of delays and obstacles for 5G infrastructure installation. The global covid-19 pandemic made it a lot more difficult as well. But, China seems to be heavily invested in this idea. Why?

According to experts, China pushed this program with huge force for a reason. Despite the backlash from the community, 5G is going to be one of the most useful and widely used tools in the next couple of years. The connection with vehicles and all the other opportunities 5G allows for are priceless.

As far as history shows, China has always been a country that was able to view the bigger picture. China’s decisions are here for the long-term. They are here to stay. And, all this is backed up by the fact that China currently has the most 5G users compared to any other country. Once again, despite the backlash, other countries will soon follow this track, but it doesn’t matter as China is very close to winning this race for good. For example, Beijing has already full 5G coverage, and that’s their second city to achieve this.

Huawei continues to spread around the world

When you take a look at the numbers shown above in this article, China (with the help of ZTE and Huawei) is still the main global supplier in this field.

Winning this race is significant for China as it will spark even more will in innovators to become better and follow the lead. China has been developing quickly, it’s not a secret, and they can soon become the number one country in the technology field if such successes keep adding up one after another.

Some experts think of this as a global success. A success for the entire race. If China inspires innovators, it means we’re all moving forward.

5G Adaptation and further usage

A lot of governments across the world are considering 5G. Some are slower in their decisions, and some have already been one step ahead this entire time, China being on the first spot. But, now we see a huge surge of interest despite some of the negative news we hear. Tech experts suggest 5G implementation will boost power of AI’s in factories, massively increasing production and development in certain fields.

Adapting before the others do is a crucial thing to do in today’s fast-paced digital world. In 2020, somewhere around October, China had almost 700.000 5G base stations. This was also the period when some countries weren’t even considering installing 5G.

Conclusion

Source:networkworld.com

5G technology will boost our race’s successes by a lot. However, implementation and adoption weren’t going as smoothly as we would like. The covid-19 pandemic managed to cause a lot of interruptions, but even then, China’s program has been on the rise. ZTE and Huawei landed more than eighty percent of all contracts regarding the 5G program, with ZTE’s stock rising more than eight percent last Monday. Learn all about it in the article above. Thank you for reading.

Important Areas to Focus on when Starting a Business in China

Starting a business in China, like every other place, comes with its unique challenges. This is not surprising as everything about China differs from what is available in the Western World.

As a result, one needs to prepare extensively if the business will have a smooth sail in China. Here are critical areas to focus on:

1. Have a Business Scope

Source:worldipreview.com

It makes no sense to simply go to China and start a business. It is expected of you to have a detailed plan of what you want to do and steps to achieve it.

This comes back to your business plan.

Your business plan gives your business a blueprint. As a result, if your original intention of opening a WFOE is to start a supermarket, you cannot switch to a mobile phone business later. This will come back with grave consequences.

2. Get Help with taxes

In other words, enlist the help of a professional that can help you stay on top of your taxes. It can be a local accountant or an outsourcing company. You have got to be tax compliant to remain relevant in doing business.

Even if you feel you want to cut corners, be sure that the country does not joke when it comes to taxing foreign firms. If you desire to start a company in China, be sure to have the right intentions.

As a result, local help will go a long way in ensuring that you get it right with payroll, bookkeeping, invoicing, and your tax.

3. Take care of your Work visa

Source:hoticn.net

Your Chinese visa has a direct link with the local authorities and tax agencies. As a result, you need to get your visa in order.

While it is possible to apply for a Chinese Visa yourself, make sure you get help from professionals. Like taxes, payroll, and others, you are better off enlisting an expert’s assistance to help with your tax.

4. Brace up For China’s Internet

For many companies in another part of the world, the internet is an essential and indispensable part of business success. This also applies to China but in a different way.

What makes China different is that most eCommerce websites, social media sites, and channels we use to sell are not the same in China.

Facebook and Google are common platforms indispensable to the success of many businesses and startups. These two are, however, not present in China.

In starting a business in China, be ready to change your approach to the internet. This means a world without Google.

5. Chose the Right Company Type

As with many countries, there are many forms of business in China. With this, be sure to ask the critical question which will help you structure your business. Your company structure determines many things about it, such as taxes, size, mode of operation, etc.

Here are the types of company forms available in China:

  • Joint Venture
  • Representative Office
  • WFOE (Wholly Foreign-Owned Enterprise)

6. Get Permit

Apply for a certificate of approval for the establishment of a foreign-invested enterprise. First, you need to declare the project approval, then submit the feasibility report, contract, and articles of association, apply for approval to the foreign economic and trade approval agency, and obtain the approval certificate.

7. Industrial and commercial registration

Before obtaining the foreign-invested enterprise approval certificate, the enterprise name must be pre-approved. Fill in the “Application for Pre-approval of Enterprise (Company) Name”, and apply for the retention of the company’s company name to the industrial and commercial department with the signature or seal of the shareholder (signature of natural person shareholder and seal of legal person shareholder), and obtain the “Notice of Pre-approval of Enterprise (Company) Name” ”

8. Procedures for the organization code

After obtaining a business license, a foreign-invested enterprise shall apply for an organization code certificate from the Technical Supervision Administration. The following materials must be submitted: “Organization Code Declaration Form”, original and photocopy of the approval certificate, original and photocopy of the business license, ID card or passport and photocopy of the legal representative.

9. Land use procedures

Obtain the production sites of foreign-invested enterprises through signing a land use agreement or plant lease agreement. To obtain land use rights, foreign-invested enterprises need to go through land use procedures with the land and real estate management department.

10. Handle foreign exchange registration procedure

Source:fdichina.com

A foreign-invested enterprise shall, within 30 days from the date of issuance of its business license, go through the foreign exchange registration procedures with the foreign exchange administration of the place of registration and obtain the Foreign Exchange Registration Certificate of Foreign-invested Enterprise. The following materials (copies) shall be submitted: the contract that has become effective as approved by the approval authority, Articles of Association; approval certificate issued by the approval authority; business license and copy issued by the Administration for Industry and Commerce. After reviewing the above documents, the State Administration of Foreign Exchange will fill in and issue the Foreign Exchange Registration Certificate for Foreign-invested Enterprises.

11. Tax Registration

A foreign-invested enterprise shall, within 30 days from the date of obtaining a business license, declare to the competent tax authority for tax registration with the following materials (copy): a copy of the business license issued by the Administration for Industry and Commerce; contract, articles of association and its approval documents; approval authority Approval documents issued; feasibility study reports and approval documents; list of corporate board of directors, etc.

12. Customs filing procedures

Foreign-invested enterprises need to submit the following materials for customs declaration registration: approval certificate issued by the approval authority; business license issued by the Administration for Industry and Commerce; enterprise contract and articles of association; list of approved imported equipment; enterprise capital verification report, etc.

Conclusion

Source:daxueconsulting.com

To successfully have a business in China, you have to be prepared and get all the helps you can.

The points we discuss here can go a long way in setting you on the right path. China is a vast country with tremendous opportunities. As a result, you need to visit China and see things for yourself.

If you need a Chinese visa, Check at https://visaexpress.com/visa-for-china-from-us/. We are skilled at handling every detail of your visa process to ensure a guaranteed approval

Relocating for Work in China? Expat’s First Steps

China has been attracting people from all over the world, so it’s not surprising some consider moving there. The country is famous for transforming itself from a developing area with millions of poor citizens into a powerful and technologized machine that now produces over half of the overall world’s goods.

So, what do you need when relocating to China for work? What is the cost of living there for a year? Are there any guidelines you should follow during the transition? If you’re an expat and planning to move overseas for a new position, this article will provide you with essential info you should know.

Most westerners moving to China have claimed that getting a job is easier than they expected. The most straightforward job for expats is within the English teaching sector because organizations and educational facilities are always searching for native speakers. You don’t even need to speak Chinese to apply for an English teacher position. But if you’re applying for a manager or engineer position, you need to speak some Chinese to communicate with your co-workers easily.

Without much ado, here are the steps you should follow when you plan a relocation to China.

Visa regulation when moving to China

You need a visa when you plan to move to China for work. Chinese authorities have adopted a new law according to which your visa history impacts the counselor’s decision to issue or renew your visa. You can apply for one of four types of visas when you plan to immigrate to China.

– Chinese working visa. To obtain it, your employer must provide you with a work permit. When you arrive in China, you need to register with the police station in your area and get a residence permit.

– Business visa. Apply for this visa if you are traveling overseas to engage in commercial activities or start a business.

– Chinese study visa. You can choose from two types of visas X1 and X2. Both are created solely for students, so you cannot apply for one and gave up school when you arrive. The X2 visa provides a single-entry to the country, and you can use it for less than 6 months. The X1 allows you to enter the country multiple times and stay longer (during your bachelor’s or master’s program with a local university).

– Chinese tourist visa. To get a tourist visa, you need to prove your hotel reservation and vacation plan and documents to prove you have enough funds in your bank account to visit the country.

Visa regulations are frustrating, and the process can be lengthy (it can take up to 2 months), so it’s best to hire a consultant to guide you through the process.

Source:studyinchinas.com

Find accommodation

As everywhere around the world, the rental and housing prices fluctuate throughout China. If you’re relocating alone, a one-bedroom apartment is more than enough, and it can cost around $300 monthly. But if you’re moving to China with your family, expect to pay somewhere between $800 and $1000 per month for a three-bedroom apartment. The average price per square meter to buy property in China is $7000 (in city centers).

Most rentals provide TV and Internet access, but to ensure you browse the Internet securely and the Government doesn’t surveil your activities, get a VPN. Visit this page to check the top of the best VPN services in China. As an expat you may want to use websites like Facebook, Instagram, or Netflix, but China restricts its residents’ access to specific websites, so you need a VPN to remove geographical restrictions on content.

The cost of living in china isn’t high, and the average salary for an expat is from $1700-2500. Relocating to China for work can be an opportunity to save money. Most foreigners prefer living in big cities like Tianjin, Shanghai, Guangzhou, or Shenzhen.

Apply for a job

Source:hotels.ng

As you already know, China is the world leader in manufacturing, having the highest number of factories worldwide. As an expat, you can easily find a decent job in any industry, from agriculture to healthcare, IT, mining, and textile. Even if most Chinese are qualified in their profession, the country is actively attracting foreigners looking for a well-paid job in sales, finance, marketing, or teaching. As stated before, most expats occupy English teaching positions in China, and if this is the career path you want to follow, you need a TEOFL certificate in advance to meet educational institutions’ criteria.

If you’re an entrepreneur who wants to start a business in China, you’d be happy to find that the country is rich in talented professionals.

Even though the country provides expats with many job opportunities, knowing how to find the right position for you is essential. To get a job in the principal cities, you need at least two years of experience after obtaining your university degree or PhD. If you lack experience, relocate to a smaller city where the job requirements are less strict. You can also apply for an internship with an international company to gain experience.

Healthcare

Source:bain.com

China’s national healthcare system operates under the state social insurance plan, but it’s not free. This means you can obtain basic insurance coverage without too much hassle if you’re willing to pay. In general, health insurance covers most medical issues and procedures, but it’s recommended always to ask the medical expert you visit if you must reimburse the procedures.

Suppose you’re suffering from a chronic condition. In that case, you may not find the Chinese healthcare system suitable to treat your medical problem because the public system isn’t as developed as the ones from European countries, the USA, or Canada. Chinese people still appreciate the benefits of traditional rituals and healing practices. So, if you use a specific treatment scheme to alleviate your symptoms, check ahead if you can stick to it once relocating to China because the local doctors may not be able to prescribe you the same drugs because they lack from their healthcare system.

Check with your employer if they offer any type of health insurance, and what conditions it covers because you may need to purchase an additional policy.

Donald Trump Pointed out Who is the Guiltiest for the Pandemic

The United States President, Donald Trump, accused the World Health Organization of being responsible for the global pandemic of coronavirus. He criticizes WHO of being too light towards China and that they gave bad advice on the beginning of the pandemic.

Also read: Donald Trump Owns Shares in a Company that Produces Hydroxychloroquine

Source:euronews.com

He said that they really messed up. Moreover, he said that for some reason, even though the biggest percentage of the WHO is financed by the US, somehow, they are a lot closer to China. At the same time, he pointed out that the borders between China and the US were closed by luck at the beginning of the pandemic. He asked himself why the WHO had such bad advice at the beginning of the pandemic.

Source:metro.co.uk

On a daily briefing about the global coronavirus pandemic, he said that the US will reconsider the further financing of the WHO. He didn’t say that they are going to stop the financing, but they will reconsider it as least. The United States is the biggest financier to the World Health Organization. Since the beginning of 2020, the US financed that organization with $57,8 million. in the second place, we have China with $28,7 million.

Which Country Will Recover First from COVID-19?

Besides being dangerous for world health, with more than a million people infected, this pandemic also has a huge influence on the global economy, and many experts are warning us how this can be another economic crisis that will hit all world.

Source:cfr.org

The economies of most countries have stopped, and they are trying to figure out what measures would help the economy and society after the pandemic ends. According to some announced measures and active measures, we can see that the best control over this crisis can be seen in Norway, Denmark, Sweden, and Luxembourg, where they are fighting with a virus, but they also prepared a special set of measures that will save their economies when the quarantine days are over.

The United States also came up with the idea to help their economy, and assign special funds for small businesses, families, and children. They are hoping that a good financial injection into every industrial sector would prevent the fall down of the entire economy.

Source:thenewsmarket.com

Another country that seems like it gained control over the crisis is China when this pandemic started in the first place. They were fighting with the COVID-19 for a long time, and there are first clues that the situation is calming down.

Some countries were prepared for the outbreak, like Russia, or Finland, where we can the situation is under control, and there are no too many new people diseased. Also, Singapore is one of the countries with the smallest death rates, with only three victims from a total of around 900 infected.

South Korea is also controlling the situation, especially because of its rapid measures and responsible citizens. Furthermore, since Hong Kong already had experience with some similar outbreaks in recent history, they are dealing well and their medical centers were well prepared since the beginning.

Trump Refuses to Listen to Advice, Keep Shaking Hands and Attending Meetings

According to Dr. Anthony Fauci, President Donald Trump refuses to listen to his advice. Trump keeps shaking hands with people, going to meetings, and everything has to be repeated four or five times before he gets it.

White Houses’ top epidemiologist has been having a hard time trying to get Trump to understand just how serious the situation is. His reaction during one of the media briefings, when he facepalmed, has become a meme.

Source:theintercept.com

‘But I can’t jump in front of the microphone and push him down. OK, he said it. Let’s try and get it corrected for the next time.’

He also mentioned that Trump made some mistakes during his speeches, specifically when he accused China of not informing the world two or three months earlier, saying that it would be September.

‘The way it happened is that after he made that statement suggesting China could have revealed the discovery of a new coronavirus three to four months earlier], I told the appropriate people, it doesn’t comport, because two or three months earlier would have been September,’ Fauci said.

Source:businessinsider.com

Fauci seems to be developing his own system of how to correct the President. “I don’t want to act like a tough guy, like I stood up to the president,” he said. “I just want to get the facts out. And instead of saying, ‘You’re wrong,’ all you need to do is continually talk about what the data are and what the evidence is.”

Trump Accusing China Again: They Should have Warned us About the Virus Three Months Earlier

The world is shaken by the pandemic of the Coronavirus. Due to the fact that the virus is relatively new, the scientists are trying to figure out the exact way of its functioning. Each country is battling the spread of the virus and trying to protect their citizens as much as possible.

Last night American president Donald Trump spoke about the new circumstances USA and the rest of the world are facing.  He also talked about the problems and possible solutions. On the top of that, Trump addressed Chinese authorities and his opinion regarding their influence in the pandemic.

Source:aljazeera.com

Trump said that Chinese authorities did not announce the key information about the Covid-19 on time.

Last night the president of the USA said “Chinese authorities should have warned us.”

By talking about the Covid-19 he referred to the virus as the “Chinese virus” which was found to be inappropriate by the Chinese authorities.

Source:macleans.ca

In the light of the Coronavirus pandemic, president Trump said: “I have a great relationship with President Xi (Jinping), but I wish they could have told us earlier about what was inside, because we could have come up with a solution.”

China Defeated Corona Virus in Only 29 Days

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According to our source, who was in communication with Chinese doctors who worked on testing and preventing the Coronavirus from spreading, they managed to defeat this serious virus in 29 days. The methodology was pretty simple, the key thing for defeating COVID-19 is strong and strict isolation. Also, our source says that doctors told him that the crucial element in spreading this disease was the communication and touching within the families.

Also Read: Trump Accusing China Again: They Should have Warned us About the Virus Three Months Earlier

Source:economist.com

So, they’ve decided to maintain strict isolation even within the families. Naturally, this is not the only element that affected the spreading of this virus. The next big thing they did was the isolation of specialized hospitals for COVID-19 patients only. Last but not least, the third element was obtaining the necessary equipment.

Also read: Are Men More at Risk from Coronavirus than Women?

Chinese doctors even gave an example of their successful methodology. In the province of Hainan, which has a population of 9.2 million people, they did exactly that and they prevented the virus from spreading further than it was already done. Probably the most important thing that we’ve heard is that the epidemy begins declining after 60%-70% becomes infected.

Source:aljazeera.com

The conclusion is that the behavior of this virus is unpredictable. There were cases when some people were tested 6 times in a row, and only the sixth test turned out positive. No doubt, this will give some serious headaches to doctors around the world. Nevertheless, the first step has been made, we have some new knowledge that could turn out to be crucial in the prevention of this dangerous virus.

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