Why people blame Facebook so much?

Mark Zuckerberg and Facebook were beaten so much by Cambridge Analytica scandal. Even Zuckerberg gave a series of interviews to state to limit similar date abuses, but not everyone has been impressed. A platform without data protecting will not last long, but eGTCP.com with 6C supplier recommendation may be an exception.

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Facebook’s scandal crisis

Mark Zuckerberg, the chief executive of Facebook, gave an unexpected interview to two of the reporters about the Cambridge Analytica scandal. He said, “The most important thing is that we fix this system.”

Not everyone has been impressed by Mr. Zuckerberg’s response to revelations that data from over 50 million Facebook profiles had been secretly scraped and mined for voter insights.

Value behind Facebook

We may wonder why Facebook is surrounded by various of crisis in recent 2 years. As Zuckerberg believes “Facebook is a platform of all ideas”. It has no responsibility for all the info on it, whether be it fake news or pornography information. However, this clearly does not conform to public expectations.

That’s why Facebook employees fear “golden” years are over and there may be more critical moments like this to follow.

Being a platform with trust

What we can learn from this scandal?

Protecting customer’s data is of crucial importance for a platform, and eGTCP.com is leading the way as credit and trust are concerned.

As one of the leading global trade supply chain platform with credit as its core value, eGTCP separate itself from traditional B2B platforms in several different aspects. To realize it goal of making global trade easier, safer and faster, it offers many integrate services to ensure safe trade for its clients. One of them is the 6C Supplier Recommendation.

6C supplier recommendation
·How do you choose reliable suppliers from thousands of pages of suppliers in B2B platform?
·How long would it take for you to trust a new supplier?
·What’s your trade circle of an order?
6C Suppliers Recommendation is your best solution.

What is the 6C Supplier? 6C Supplier refers to the supplier that has been verified by eGTCP in 6 categories and proved to have good credit status and production capacity after field investigation.
·Get to know the Chinese supplier deeper through the Credit Inquiry.

·Trade safely with verified quality credit suppliers with 6C logos.

How to get it?

Click here to get 6C supplier recommendation.

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“Technology” is a Buzzword for Chinese Manufacturers

Under dazzling lights, 24 robots “danced” in tune to music alongside human performers in an eight-minute, high-tech show during the closing ceremony of the 2018 Winter Olympics in Pyeongchang, South Korea, in late February. It was one of the largest live performances of its kind in the world.

The robots that appeared in the show were all made by Siasun Robot and Automation, a typical example of China’s growing ranks of manufacturers who are moving up the industry chain. Siasun, based in Shenyang City, Liaoning Province, conducts research and development of industrial robot applications, automatic assembly and production lines.

“The biggest difficulty was that the robots were expected to perform a variety of complicated moves and be in sync with the performers, lights and music,” said Zhang Lei, who develops the mobile robots for Siasun, “We made it happen by using cutting-edge computer vision technology and laser guidance systems.”

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The technologies used in the show have already helped Chinese factories boost efficiency. They are part of the country’s broader push to marshal its high-end manufacturing power, as the world’s second-largest economy scrambles to embrace technology and upgrade its sprawling industries.

With significant progress already made, China will breathe new life into Made in China 2025 — its ambitious 10-year strategy to upgrade and transform Chinese manufacturing — in the hope of shoring up weaknesses in major equipment manufacturing and become a global manufacturing giant.

China will promote the development of integrated circuits, 5G mobile communications, aircraft engines, new energy vehicles, and new materials. Premier LI Keqiang said this month he would delivered the Government Work Report at the opening of the first session of the 13th National People’s Congress, the top legislature. According to Li, the central government will also cultivate globally competitive industrial internet-of-things platforms and set up innovation demonstration zones.

The Made in China 2025 strategy, rolled out in 2015, aims to turn China into a global leader in manufacturing, with increasing investment in research and development as well as application of cutting-edge technologies.

Minister of Industry and Information Technology Miao Wei said the government has completed the top-level design of the grand plan. “Concrete steps have also been taken in the past two years to implement the strategy, with significant progress in core technologies and overall manufacturing quality,” said Miao.

One of the bright spots is the maiden flight of the country’s first homegrown large passenger aircraft, the C919. The narrow-body jet underlines the country’s ambitious commercial aviation program, and it is set to provide a major impetus to domestic airplane manufacturing.

This year, the C919 will enter the phase of obtaining airworthiness certification in China after achieving a number of milestones in the past year, including the successful flights of two test aircraft, among the six planned in total, according to WU Guanghui, chief designer of the C919, on the sidelines of the annual NPC session. “We can deliver the aircraft to China Eastern Airlines in 2021,” said Wu.

When it comes to robotics technology, domestic companies have also made strides in both quantity and quality. In 2017, China produced more than 120,000 industrial robots, a surge of 68% year-on-year.

More importantly, the country has beefed up its capability to produce reliable speed reducers, servomotors and control panels, which are the three basic building blocks of sophisticated automated machines. The progress reduces China’s heavy reliance on foreign suppliers for these key robotic components.

WANG Jiegao, chief engineer of Estun Automation and general manager of subsidiary Estun Robotics, said that the company can produce over 100,000 servomotors a year, which can partially help meet robust domestic demand.

The goal of producing quality industrial products is also gaining momentum in the bullet train sector. In recent years, China has built the world’s largest high-speed rail network and become a world leader in providing globally competitive high-speed products and services.

By 2020, China Railway Rolling Stock Corp, which manufacturers the country’s high-speed trains, is expected to supply new bullet trains with a maximum operating speed of 400 kilometers per hour to markets relevant to the Belt and Road Initiative. The new trains will also cut per passenger energy consumption by 10% compared with trains that run at 350 km/h.

“Over the past few years, China has demonstrated its competitive edge in high-speed rail technology,” said railway expert WANG Mengshu, who is a member of the Chinese Academy of Engineering.

As China furthers its push to upgrade manufacturing, building industrial internet platforms will be on the top of its agenda, according to QU Xianming, an expert on the National Manufacturing Strategy Advisory Committee. “Industrial growth will benefit considerably from the strategy, which can catalyze the long-predicted convergence of IT and industry in China,” said Qu.

Haier, the country’s largest home appliance manufacturer, is already marching ahead in that direction. The company has built an industrial internet system, or a network of machines with internet-connected sensors and industrial apps, which collect and analyze data from consumers, suppliers and factories. The system, CosmoPlat, is designed to allow companies to customize products at speed and scale while boosting productivity and cutting costs.

It garnered 320 million users and 3.9 million enterprises last year, covering electronics, textiles, equipment, construction, transportation and chemical engineering. Based on the open platform, Haier has also launched nine internet-based smart factories, with a target of establishing 12 more this year.

“The most important characteristics of the internet era are the zero-distance relationship with consumers,” said ZHANG Ruimin, chairman and CEO of Haier, highlighting the importance of integrating users and enterprises in the age of new manufacturing.

There is no doubt that China’s technology will rival the European and North American countries. Maybe you are still importing high-tech products from these countries which are quite expensive with high tariffs. You may be spending too much time and money in finding an European or American supplier who always willfully whoops up the price. If so, China may be a treasure land for you to purchase high-tech products where you can really feel the genuineness of the suppliers.

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America's new trade war towards China: levy tariffs

As America’s largest commodity trading partners (excluding service) in 2017, China is now facing a possible powerful hit in its global trade.

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A group of 25 major U.S. retail companies, including Walmart, Costco and Best Buy, on Monday urged the Donald Trump administration not to impose sweeping tariffs on Chinese imports.

The situation remains fluid, and Trump has previously in his presidency backed off economic threats at the last minute. But he has shown a recent willingness to unilaterally impose tariffs — even amid objections from advisers who fear starting a global trade war and economists who warn such actions could ultimately hurt U.S. businesses.

Trump was particularly determined to follow through on tariffs on China, as criticism of U.S.-China relations was at the center of his presidential campaign, according to the administration officials, who spoke on the condition of anonymity to discuss the president’s plans.

If implemented, the tariff package would be one of the broadest sets of economic actions imposed by a modern U.S. president against China and could draw retaliation, fraying the trade partnership between two of the world’s largest economies.

The United States exported $130.4 billion in goods to China, but it imported nearly four times as much, running a trade deficit of $375.2 billion, according to the U.S. Census Bureau.

Chinese manufacturers might assemble these products or put on the finishing touches, but the country does not export as many products to the United States that are entirely made in China, said Nicholas R. Lardy, a senior fellow at the Peterson Institute for International Economics.

Lardy also said that penalizing China probably would not help U.S. producers, even if the tariffs succeeded in stemming the inflow of goods from China.

Beyond the escalating tensions with China, Trump’s pivot to protectionism has put much of the world on edge. His 2016 campaign was built around promises to put “America first” on every issue, but some aides managed to scale back his plans for trade restrictions in 2017 as the Republicans muscled tax cuts through Congress.

Trump’s approach to China has been uneven. He has tried to both befriend Chinese leader Xi Jinping while also isolating him, particularly on economic issues. On Sunday, the Treasury Department had to backtrack on an embarrassing misstep when a senior official said he had suspended economic talks with China, when a formal decision had not yet been made.

What’s next of the Sino-US trade relationship? We’ll just wait and see.

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US retailers urge Trump not to levy tariffs on Chinese imports

A group of 25 major U.S. retail companies, including Walmart, Costco and Best Buy, on Monday urged the Donald Trump administration not to impose sweeping tariffs on Chinese imports.
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"We are concerned about the negative impact" that "could have on America's working families," "as you consider remedial actions under Section 301 of the Trade Act," the retailers said in a letter to U.S. President Donald Trump, referring to the administration's ongoing unilateral investigation about China's trade policies and practices.

"Yet were this investigation to result in a broadly applied tariff remedy on imports from China, it would hurt American households with higher prices and exacerbate a U.S. tariff system that is already stacked against working families," the letter said.

The retail group noted that those working families who can afford less have already paid more in the United States because the country levies "the highest tariffs" on basic consumer goods.

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"Applying any additional broad-based tariff as part of a Section 301 action would worsen this inequity and punish American working families with higher prices on household basics like clothing, shoes, electronics, and home goods," they argued.

The letter came after the Trump administration was reportedly considering tariffs on 30-60 billion U.S. dollars of annual Chinese imports for China's alleged "unfair trade practices."

It was the latest example of growing dissent from U.S. business groups against the Trump administration's protectionist trade policy.

Forty-five U.S. trade associations, representing retail, technology, agriculture and other consumer-product industries, on Sunday also urged the Trump administration not to move forward its tariff plan on Chinese imports, as it would hurt U.S. consumers and companies.

Chinese Foreign Ministry spokesman Lu Kang said Thursday that China hoped to address bilateral trade issues with the United States in a constructive manner and by making a bigger "cake" of cooperation.
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"The two sides have properly resolved their trade differences in a constructive manner over the past 40 years. We believe the two countries can still settle their disputes through friendly negotiations, and we are ready to do so," the spokesman said.

The Chinese market is becoming an indispensably part of the global economy. It is a huge market with immense potentials yet to be tapped into.

As one of the leading global trade supply chain platform, eGTCP.com offers global buyers everything you need to buy in China. From finding the right supplier all the way to ensure safe delivery, we are always here for you need.

For more details, please visit www.egtcp.com.

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