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BEIJING, Feb. 29, 2024 /PRNewswire/ -- A report from People's Daily: The International Monetary Fund (IMF) recently raised its growth forecast for the Chinese economy and other emerging economies in Asia in 2024. At the same time, the IMF has increased its global economic growth forecast for this year by 0.2 percentage points to 3.1 percent due to the resilience of major economies like China. The IMF pointed out that the lift of China's economic growth forecast reflects the continuation of the strong growth momentum in the Chinese economy last year, which exceeded expectations, as well as the stimulating effect of relevant policies implemented by the Chinese government. In 2023, China's GDP exceeded 126 trillion yuan ($17.51 trillion), growing 5.2 percent from a year ago. China still remains the largest engine of global growth. In January 2024, the country's economic vitality showed signs of recovery, sending positive signals for the year's economic performance. Not only the IMF, other international financial institutions such as Goldman Sachs and UBS Group recently have also released reports indicating that China's consumption and service industries will continue its post-pandemic recovery trend in 2024. Recently, leaders of international institutions and multinational companies have made frequent visits to China, including a Japanese economic delegation, a delegation led by the World Bank executive director, Danone Group from France, Amway Group from the United States and BMW from Germany. They showed confidence in the Chinese market and hoped to deepen practical cooperation with China. At Xiaomo International Logistics Port in Shenzhen, south China's Guangdong province, a roll-on/roll-off ship owned by Chinese new energy vehicle maker BYD set sail, carrying over 5,000 Chinese made NEVs and heading towards the Flushing Port in the Netherlands and the Bremerhaven Port in Germany. In 2023, China became the world's largest exporter of automobiles for the first time. Statistics show that one in every three cars exported by China is an electric passenger vehicle. Last year, China's exports of NEVs, lithium batteries, and photovoltaic modules surpassed 1 trillion yuan, leading the world in market share. At the Alashankou port in northwest China's Xinjiang Uygur autonomous region, China-Europe freight trains departed one after another, carrying daily necessities, automobiles and spare parts, machinery equipment, and other goods manufactured in various parts of China to Europe. In 2023, China-Europe freight trains made 17,000 trips throughout the year, transporting 1.9 million twenty-foot equivalent units, marking a 6 percent and 18 percent increase, respectively, compared to the previous year. This "golden channel" of international land transportation has connected 217 cities in 25 countries between China and Europe, injecting continuous momentum into bilateral trade and economic exchanges. China is the only country with industries across all categories in the United Nations (UN) industrial classification. "Chinese companies have significant advantages in terms of innovation capability, iteration, and manufacturing efficiency, and behind this is China's well-developed industrial chain and its massive market," said Tang Zhimin, director of China ASEAN Studies at the Bangkok-based Panyapiwat Institute of Management. China is a major trading partner for over 140 countries and regions. Borge Brende, president of the World Economic Forum, noted that China is shifting from investment- and infrastructure-driven growth to innovation-led growth, and it holds a crucial position in global economy and trade. Sonali Jain-Chandra, chief of an IMF team conducting discussions on the 2023 Article IV Consultation in China, noted that the policies implemented by the Chinese government will have a positive impact on the economy. She also said that research conducted by the IMF indicated that when China's growth rate rises by 1 percentage point, growth in other countries increases by around 0.3 percentage points. She believes that China's economic growth in 2024 will still surpass the global average, making China a major contributor to global economic growth in that year. In the new year, various regions in China have outlined their "roadmaps" to build a world-class business environment that is market-oriented, law-based, and internationalized. Shanghai has proposed further advancing high-level reform and opening up, enhancing development momentum and competitiveness, and vigorously promoting pioneering reforms and leading opening-up initiatives in all aspects. Guizhou province will implement actions to improve the quality and efficiency of foreign trade. Chongqing municipality will advance high-level construction of the New International Land-Sea Trade Corridor to build itself into a highland of opening up. China is focusing on accelerating the development of new productive forces and embracing innovation and transformation as important new trends in its economy. The country is actively promoting digitalization and green, low-carbon transformation in industries. Xiao Song, global executive vice-president of Siemens, said that foreign companies deeply feel China is becoming an "innovation field" for cutting-edge technologies. "The fundamentals sustaining China's economic recovery and long-term growth remain unchanged. As an open country, China will continue to bring more cooperation opportunities to the world. The future of China's economy is bright, and we are full of confidence in it," said Liu Sushe, deputy head of the National Development and Reform Commission.
WELLSVILLE, N.Y., Feb. 28, 2024 /PRNewswire/ -- LJUNGSTRÖM is pleased to announce that it has reached a settlement agreement with Shanghai Boiler Works Co. Ltd. (SBW) regarding the use of LJUNGSTRÖM's Air Preheater (APH) and Gas-Gas Heater (GGH) technology licensed to them in 2001. The settlement agreement does not provide SBW with rights to produce or sell the LJUNGSTRÖM's APH and GGH technologies developed after 2001. However, it does now provide certainty on what future use SBW can make of the LJUNGSTRÖM technology that was licensed to them. With this new agreement LJUNGSTRÖM acknowledges that SBW's customers can engage them to: 1) provide aftermarket services for SBW's global installed base of APH & GGH2) supply traditional new APH & GGH equipment for coal fired power generation projects both in China and overseas only when installed by a Chinese EPC company (Engineering, Procurement and Construction company) "We look forward to working with SBW in future to explore opportunities to supply its customers with LJUNGSTRÖM's more efficient proprietary heating elements manufactured in our factory in Nantong, China." said Thomas Barwald, Managing Director of LJUNGSTRÖM China. LJUNGSTRÖM continues to retain all its other rights globally to exclusively service our APH and GGH technologies across the many uses in the energy & environmental sectors, including any emerging industrial markets for our products. About LJUNGSTRÖMLJUNGSTRÖM, a division of the ARVOS Group, is a global leader providing innovative solutions to a diversified range of industries, with a focus on environmentally beneficial technologies to enable more efficient and cleaner operations. With a century of history in Wellsville, New York, LJUNGSTRÖM has a proven track record of expertise in engineering, manufacturing, and field services. Related links:https://www.ljungstrom.com
BEIJING, Feb. 27, 2024 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) ("ReTo" or the "Company") today announced it is presenting at the Big 5 Construct Saudi 2024 (the "Saudi BIG5") to showcase its ecological solutions and equipment. Saudi BIG5 exhibition, scheduled from February 26 to February 29, 2024 at the Riyadh International Exhibition Center in Saudi Arabia, is an annual industry event attracting renowned machinery manufacturers around the world. During the exhibition, ReTo is located at booth 1G82 and looks forward to your visit. ReTo, a company in the comprehensive utilization of solid waste and ecological improvement, adheres to the philosophy of "technology improving ecology." Over the years, ReTo has developed one-stop ecological management solutions that have been adopted in various fields. At the Saudi BIG5, ReTo will showcase a range of advanced products and technologies, including automatic brick making machine production line, designed to meet evolving construction demands in the Middle East. The Saudi BIG5, as one of the most influential five-industry exhibitions in Saudi Arabia, provides a platform for the construction industry participants of the Middle East to communicate and exchange ideas and explore business opportunities. This exhibition is set to attract significant attention and participation from industry experts, making it a must-attend event for those seeking to stay ahead in the industry. Mr. Hengfang Li, Chairman and CEO of ReTo, said, "We are honored to participate in the Saudi BIG5 exhibition, where we are showcasing our advanced ecological solutions and equipment, demonstrating our firm belief in 'technology improving ecology.' We firmly believe that the close integration of technology and ecology will bring significant changes to the construction industry. In this vibrant Saudi market, we look forward to interacting deeply with professionals from various sectors and to jointly building a new chapter in future construction. We look forward to sharing ReTo's growth and breakthroughs at the Saudi BIG5 exhibition." About ReTo Eco-Solutions, Inc. Founded in 1999, ReTo Eco-Solutions, Inc., through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company, through its operating subsidiaries in China, is engaged in the ecological restoration and solid waste treatment, manufacturing and distribution of eco-friendly construction materials (aggregates, bricks, pavers and tiles) made from mining waste (iron tailings), and soil remediation materials transformed from solid waste (iron tailings), as well as equipment used for the production of these eco-friendly construction materials and soil remediation materials. In addition, the Company provides consultation, design, project implementation and construction of urban ecological protection projects and parts, engineering support, consulting, technical advice and service, and other project-related solutions for its manufacturing equipment and environmental protection projects. The Company also offers roadside assistance services and technology development services utilizing Internet of Things technologies. For more information, please visit: http://en.retoeco.com. Forward-Looking Statements This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements include, among others, statements regarding the Company's plans to regain compliance with the minimum stockholders' equity requirement. The Company's actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company's business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof. For more information, please contact: ReTo Eco-Solutions, Inc.Angela HuTel: +86-010-64827328Email: ir@retoeco.com or 310@reit.cc
PISCATAWAY, N.J., Feb. 26, 2024 /PRNewswire/ -- Aucta Pharmaceuticals, Inc., a private specialty pharmaceutical company focused on niche generic and branded specialty products, today announced the commercial launch of MOTPOLY XR (lacosamide) extended-release capsules C-V (100, 150 and 200 mg). MOTPOLY XR is approved for the treatment of partial-onset seizures in adults and in pediatric patients weighing at least 50 kg. MOTPOLY XR is bioequivalent to Vimpat® (lacosamide) film-coated tablets, C-V and provides a new once-daily option at equivalent doses. It will be available through retail pharmacies. "MOTPOLY XR marks a major milestone for Aucta as our 1st branded pharmaceutical product to enter the US market. It will be supported by a full commercial infrastructure including field and inside sales, managed care and formulary access support, and a copay savings program," said Shoufeng Li, PhD., CEO of Aucta Pharmaceuticals. IMPORTANT SAFETY INFORMATION WARNINGS AND PRECAUTIONS Antiepileptic drugs increase the risk of suicidal behavior and ideation. Monitor patients for the emergence or worsening of depression, suicidal thoughts or behaviors. MOTPOLY XR may cause dizziness and ataxia in patients. Advise patients not to operate machinery or motor vehicles until they know how MOTPOLY XR affects them. Obtain ECG before beginning MOTPOLY XR, and after titration to steady-state maintenance dose in patients with underlying proarrhythmic conditions or those on concomitant medications that affect cardiac conduction. Closely monitor these patients. MOTPOLY XR may cause syncope in patients. Gradually withdraw MOTPOLY XR to minimize the potential of increased seizure frequency. Drug Reaction with Eosinophilia and Systemic Symptoms (DRESS)/multi-organ hypersensitivity has been reported and can be life-threatening or fatal. If signs or symptoms are present, immediately evaluate the patient. Discontinue MOTPOLY XR if there is no alternative etiology. MOST COMMON ADVERSE REACTIONS The most common adverse reactions in adults (≥10% and greater than placebo) are diplopia, headache, dizziness, nausea, and somnolence. PREGNANCY: Based on animal data, MOTPOLY may cause fetal harm. DRUG INTERACTIONS: Consider dose reduction in patients with renal or hepatic impairment taking strong inhibitors of CYP3A4 and CYP2C9. To report SUSPECTED ADVERSE REACTIONS, contact Aucta Pharmaceuticals, Inc. at 1-800-655-9902 or FDA at 1-800-FDA-1088 or www.fda.gov/medwatch. For more information, please visit www.MotpolyXR.com and please see full Prescribing Information. About Aucta Pharmaceuticals, Inc. Aucta Pharmaceuticals, Inc. is a research and technology-based pharmaceutical company focusing on the development and commercialization of niche generic and branded specialty products. The company's corporate strategy is to focus on proven molecules, and, through innovation, create new therapeutics with lower scientific risk that fulfill unmet medical needs. Its specialty division has a therapeutic focus in CNS, Inhalation, Ophthalmics, and Other Specialty fields. For more information, visit www.auctapharma.com. Vimpat® is a registered trademark used under license from Harris FRC corporation.
SANTIAGO, Chile, Feb. 26, 2024 /PRNewswire/ -- XCMG Finance Chile S.A. ("XCMG Chile"), the first South American financing leasing company of XCMG Machinery ("XCMG", SHE:000425), was inaugurated in Santiago, Chile lately. The company is set to offer a wide range of specialized and efficient financial service solutions tailored to the needs of customers in Chile and its surrounding countries. XCMG Machinery's First Financing Leasing Company in South America, XCMG Finance Chile S.A., Opens in Santiago, Chile. "The opening of XCMG Finance Chile S.A. signifies a crucial move in our strategic growth in the South American financial sector," Li Kui, the leader of XCMG Finance Chile, explained. "Upon its opening, the company will offer all-encompassing, specialized, and efficient custom-made financial service solutions to clients in Chile and neighboring countries, minimizing equipment acquisition costs and financial business risks, and enabling clients to conduct business confidently." Letters of intent were signed at the opening ceremony between XCMG Finance Chile S.A. and several Chilean companies from the mining, hoisting, and construction sectors. A number of local business representatives have noted that the Company's efforts will generate employment opportunities and boost the potential for medium- to long-term development, with a willingness to strengthen their collaboration with XCMG to pave the way for brighter business prospects. "In the future, XCMG will fully utilize XCMG Finance Chile S.A. to gradually extend its operations to other South American countries like Peru, Colombia, and Argentina," as stated by Li. The aim is to push for a deeper integration of production and finance. XCMG's financial innovation services in Latin America started in July 2020, when they founded Banco XCMG S.A. in Brazil, creating a milestone in the financial services sector of Chinese manufacturing in South America. XCMG's machinery and equipment are extensively employed in mining, infrastructure, construction, hoisting, and other sectors across different South American countries. As early as 2000, XCMG equipment was exported to Chile. In 2014, XCMG Chile was officially established, specializing in mechanical equipment sales, spare parts supply, and service support. Since then, it has begun to delve into the market and introduced many high-performing scrapers, rock drilling rigs, drilling rigs, mining rigs, excavators, mining trucks, loaders, aerial working platforms, etc., known for their exceptional performance and comfortable driving experience.
SINGAPORE - Media OutReach Newswire - 26 February 2024 - Lifeline Cleaning, a commercial cleaning service provider in Singapore, will be offering free disinfection services to Lighthouse School Toa Payoh to provide students with a safe and hygienic learning environment where they can thrive. Lifeline Cleaning has always acknowledged the importance of corporate social responsibility (CSR) projects, and has had past initiatives directed towards benefiting the elderly and visually impaired. The latest CSR programme is set to commence in March, going beyond disinfecting schools to create awareness for a lesser-known group of beneficiaries—the hard of hearing, visually impaired, and Autism student community. The choice of the Lighthouse School as the focal point stems from the need to highlight the challenges faced by the aforementioned students. Although often neglected by society, these children never fail to work hard to live a purposeful life themselves. Just like any other child, they too, deserve an environment conducive to learning. Lifeline aims to make a meaningful difference in their lives, strengthening their resilience and ensuring they receive the care and attention they rightfully deserve. What is Included in the CSR Project? In hopes of providing favourable conditions for learning, and inspiring the public to extend their support, Lifeline Cleaning has planned a series of CSR projects targeted at helping students suffering from vision impairment, hearing loss, and Autism. With a profound desire to protect the students from potential health risks, the recent surge in COVID cases in December prompted Lifeline to take immediate action through cleaning services. This upcoming project will feature the use of advanced Korean disinfectant machinery, coupled with COVID-19 and variant disinfectants. These products are chosen for their effectiveness, safety for humans, and being food-safe. The initiative will include an educational component, where students will be taught more about basic hygiene so that they can contribute to their environment’s cleanliness too. Lifeline Cleaning’s CSR Plans Lifeline is committed to serving its valued beneficiaries for years to come, going beyond providing a one-time disinfection service. The cleaning company firmly believes that people at all levels are the essence of an organisation, and their full involvement is crucial for the organisation's benefit. While Lifeline has consistently undertaken CSR projects, their efforts paused when COVID hit their shores. Despite the challenges, Lifeline remains unwavering in its dedication. In February, the team distributed Ang Baos (red packets) during a Chinese New Year celebration at the school, in addition to a breakfast-sharing session and CNY goodie bag giveaway, ushering in the festival with the children. To leave a lasting impact on the community's health and well-being, Lifeline Cleaning aims to open up these disinfection services to other non-profit schools in the future, helping teachers better provide sanitary and safe learning spaces to students with disabilities. Hashtag: #happiness #sharing #joy #beautifulmemories #generalcleaning #carpetshampoo #commercialcleaning #carpetcleaning #cleaning #disinfect #wipedown #cleaningservices #disinfectanthttps://www.lifelinecleaning.com.sg/https://www.facebook.com/lifelinecleaninghttps://www.instagram.com/lifelinecleaning.sg/The issuer is solely responsible for the content of this announcement.About Lifeline CleaningLifeline Cleaning is a premier cleaning company in Singapore, providing commercial, industrial, office, restaurant, carpet, high dusting, floor scrubbing, waxing, and disinfection services. Their commitment to professionalism goes beyond the call of duty, driven by a genuine desire to provide clean environments that prioritise safety and contribute to an improved quality of life.
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