Newsletter                     |                     Mar 1st, 2016 STORY OF THE MONTH   Tale of two Guangdong cities：the reinvention of Shenzhen     Hong Kong businessman Peter Chai Kwong-wah faced a tough choice：after 20 years of running a toy factory in Shenzhen, profits were locked in a downward spiral. At age 66, Chai could close up shop and retire or he could try to re-energise the business by relocating to another Asian country where the overheads were lower. He gave it another go and moved operations to Vietnam. At around the same time, in another part of the city, Frenchman Homeric de Sarthe made a similar life-changing choice. After living in China for several years, the 27-year-old decided the time was right to launch his social media app, Shosha. Chai and Sarthe represent the broader transformation that Shenzhen is undergoing, shifting from a manufacturing powerhouse to a global technology hub. Its success in managing the transition is owed partly to forward-thinking policies, observers say. But it’s also due to its residents, many of whom originate from elsewhere and are comfortable taking risks, accepting failure and trying again. These traits have helped Shenzhen to weather the economic headwinds better than most mainland cities. As Beijing limped along on 6.9 per cent growth in the first nine months, Shenzhen managed 8.9 per cent. Source：SCMP （Read more）

SHENZHEN CIVIC LIFE   China's National SME Development Fund Kicks Off With Shenzhen Vehicle   China's national small and medium-size enterprises development fund has established its first investment vehicle in Shenzhen over the weekend, according to Chinese media reports.   The investment vehicle has secured RMB6 billion in total capital commitments, of which RMB1.5 billion are from the central government, RMB1.5 billion from the Shenzhen municipal government.   The remaining portion are from private companies including Shenzhen Capital Group Co., Ltd., Shenzhen-based Sinosafe Insurance, snack maker the Strong Group, and others.   Source：China Money Network （read more）     World's largest waste-to-energy plant proposed for Shenzhen   Danish firms Schmidt Hammer Lassen Architects and Gottlieb Paludan Architects have won a competition to design the world's largest waste-to-energy power plant in China.   Proposed for the mountainous region on the outskirts of Shenzhen, the waste-to-energy plant is expected to incinerate 5,000 tonnes of rubbish per day – approximately one third of the waste generated by the city's 20 million inhabitants each year.   According to the architects, the facility will "utilise the most advanced technology in waste incineration and power generation".     Source：Dezeen Magazine （read more）     PNG Ports Corporation Signs Sister-Port Agreement with China’s Shenzhen PNG Ports Corporation has signed a sister-port agreement with China’s port of Shenzhen.   PNG Ports CEO, Stanley Alphonse, said Papua New Guinea has much to learn from Shenzhen, which has grown from a fishing village to being one of the busiest and fastest growing ports in the world. The sister-port relationship agreement is an opportunity to share skills and knowledge on port business and trade between both ports.     Source: EMTV Onine （read more）     Cleaning up China’s Ports：Shenzhen Explores Fuel Switching and Onshore Power China’s “strictest air protection law” yet took effect on January 1, 2016, promising to bring big changes to its smog-filled cities. But some municipal governments have been ahead of the curve, working to clean up the air through experimentation and innovation. Shenzhen, China’s first special economic zone and which recently passed its neighbor Hong Kong to lead China’s most competitive cities, is one of these.   Since it was named the nation’s first model city for environmental protection in 1997, Shenzhen has focused on innovative technology to boost not only its economic development, but its sustainability. In 2013, Shenzhen became one of seven cities to pilot China’s regional emissions trading system, and an Air Quality Enhancement Planreleased the same year has achieved considerable progress in limiting air pollutants, including by regulating marine traffic to and from its busy port.   Source：New Security Beat （read more） SHENZHEN BUSINESS NEWS   New flights link Shenzhen, Los Angeles   Stuff members of Air China and Shenzhen Airlines attend the launch ceremony of Air China's Shenzhen-Beijing-Los Angeles inaugural flight in Shenzhen, south China's Guangdong Province, Feb. 1, 2016. It's Air China's first international flight in Shenzhen, and also the first flight linking Shenzhen Airport and America.   Air China launched a new flight linking Shenzhen, in south China's Guangdong Province, with Los Angeles, in the United States of America, on Monday.   It is Air China's first international service from Shenzhen. The daily flight is served by a Boeing 777-300ER with a stop-over in Beijing.   It is the first international route to America from Shenzhen Baoan International Airport since it opened in 1991.   Flights between the two cities will bring more communication opportunities to foster collaboration between people from both sides, said Charles Bennett, consul-general of the U.S. Consulate General in Guangzhou, the capital city of Guangdong.   Source：Xinhua （read more）     ESPN and Tencent team up to cover sports in China   ESPN is partnering with Chinese tech giant Tencent in a deal that greatly expands the sports media company's presence in the world's most populous country.   The Walt Disney Co.-owned unit announced Wednesday that it will supply Chinese-language programming, events and content for Tencent's live sports coverage, providing a new avenue of global growth for the sports broadcasting behemoth.   ESPN will have a branded section on Tencent's QQ Sports（Sports.qq.com）, a leading Chinese online sports portal. ESPN's content will also be integrated across other QQ.com channels.   Under terms of the licensing deal, Shenzhen-based Tencent will pay ESPN for content that will include coverage and analysis of NBA games, which are already hugely popular in China, and international soccer. Additional sports are expected to be added as other American sports leagues are looking to expand their global reach. ​ ESPN has had some exposure in China, providing programming that is piped into hotels and factories there. It also reached the market through the satellite channel ESPN Star Sports, a joint venture with News Corp. that ended in 2012.   Source： Los Angeles Times （read more）     A Chinese New Year buffet courtesy of the Shenzhen Symphony Orchestra   The Chinese New Year was celebrated in style at the Kennedy Center on Monday night with a visit of the Shenzhen Symphony Orchestra, an 80-member orchestra founded in 1982, and conductor Muhai Tang. Their long program narrowly skirted the “something for everyone” approach, offering instead an evening that satisfied in its unusual variety, touching on both the musical and the theatrical.   In conventional Western terms, it was easiest to assess the orchestra in the last piece on the program, a semi-staged, uncredited pastiche from Puccini’s “Turandot.” Here Tang showed himself an experienced opera conductor, and the orchestra responded with a subtle performance that could have graced the pit of any regional opera house in the United States or Europe. Textures ran the gamut from richly atmospheric sensuality to implacable grandeur, with a blended sound that always supported rather than pressed the singers.   Source：Tennis World （read more）

NAROS UPDATE   NAROS Attended CAST Boston Chapter Opening Ceremony   Boston, MA – The CAST（Chinese Association for Science and Technology）celebrated the opening of its brand new Boston Chapter at Harvard Medical School on Jan.30th, 2016. In line with the core value of CAST, the Boston chapter will be a NGO organization dedicated to promoting academic communication between China and US. As CAST’s long term supporter and partner, North American Representative Office of Shenzhen was invited to present the opening ceremony.   The half-day event featured several prestigious scholars, such as Dr. Jack W. Szostak, the 2009 Nobel Prize winner in Medicine, Professor at Harvard Medical School and Dr. Gang Chen, Professor and Head of Mechanical Engineering Department, Massachusetts Institute of Technology. Besides, presidents and representatives from over 10 chapters of CAST, as well as Counselor Ye, Dongbai from the Consulate General of the People’s Republic of China in New York flew from various states to be witnesses of this grand occasion.

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