Companies
Iowa farm that President Xi visited to be re-created as Hebei ag-education ground
Rick Kimberley, president of Kimberley Farms Inc, at home. A photo of President Xi and Kimberley is in background. YUAN ZHANG / CHINA DAILY
A delegation of nearly 50 people from Iowa embarked on a 10-day visit to China on Sunday, and a groundbreaking ceremony for a China-US Friendship Demonstration Farm, believed to be the first of its kind, is on the agenda, China Daily learned Sunday morning.
Terry Branstad, the US ambassador to China, will attend the ceremony, according to a news release from the Iowa Sister States commission, a non-profit organization founded in 1985 to manage Iowa’s official relationships with foreign states and provinces. The organization was established when Branstad was governor.
The China-US Friendship Demonstration farm, to be located in Luanping county, Hebei province in northern China, will include an educational agriculture site modeled after a farm near Maxwell, Iowa, owned by Rick and Martha Kimberley and their son Grant.
The educational components of the project will include visuals of modern agriculture technology such as machinery, and advances such as grain storage and drying, as well as test plots.
Rick Kimberley, president of Kimberley Farms Inc, told China Daily that the demonstration farm will occupy a total area of 3,000 acres and will have a groundbreaking ceremony on Sept 23.
“The first phase will be a re-creation of my home and building,” Kimberley said.
“When President Xi was at my home and farm (in 2012), he said that he wanted to use my farm as a model of modern agriculture to China. So they will recreate my home and buildings.”
The demonstration farm will use the same modern equipment and technology that the Kimberleys use. There will be demonstration plots for seeds and demonstrations of the use of equipment.
“The farm will create an environment for learning and showcasing modern farming practices and techniques,” Kimberley said. “There will also be a conference…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
(more…)- Business Update: Southern Sun Reports Earnings Growth; China Stimulates Property Market – News24
- Vietnam’s Approach to China: A Balance of Cooperation and Struggle
- 2025 Schedule of Public Holidays in China
- Black Myth: Wukong – how China’s gaming revolution is fueling its tech power
- News Update: China’s Stimulus Falls Short; Sensex and Nifty Decline; Bitcoin Surges Over $82,000
- China’s Import-Export Trends 2024-25: A Thorough Analysis of the Initial 10 Months
