Gladtrust, Building 4, Qingdao Software Park, No. 288 Ningxia Road, Shinan District, Qingdao (2026)

21/09/2023

🌏 World leaders reaffirm commitment to SDGs

World leaders on Monday reaffirmed their commitment to the Sustainable Development Goals (SDGs) at the SDG summit, which is being held on the sidelines of this year's general debate of the General Assembly.

In a political declaration adopted at the summit, the leaders reaffirmed their commitment to "effectively implement the 2030 Agenda and its SDGs and uphold all principles enshrined in it."

"The 2030 Agenda remains our overarching roadmap for achieving sustainable development and overcoming the multiple crises we face. We will act with urgency to realize its vision as a plan of action for people, planet, prosperity, peace and partnership, leaving no one behind," reads the declaration.

The leaders emphasized that poverty eradication is the greatest global challenge and an indispensable requirement for sustainable development.

The leaders recognized that the achievement of the SDGs is in peril.

"At the midpoint of the 2030 Agenda, we are alarmed that the progress on most of the SDGs is either moving much too slowly or has regressed below the 2015 baseline. Our world is currently facing numerous crises. Years of sustainable development gains are being reversed. Millions of people have fallen into poverty, hunger and malnutrition are becoming more prevalent, humanitarian needs are rising, and the impacts of climate change are more pronounced. This has led to increased inequality exacerbated by weakened international solidarity and a shortfall of trust to jointly overcome these crises," reads the declaration.

The leaders committed themselves to "bold, ambitious, accelerated, just and transformative actions, anchored in international solidarity and effective cooperation at all levels" and promised to promote "a systemic shift toward a more inclusive, just, peaceful, resilient and sustainable world for people and planet, for present and future generations."

They recognized the special challenges facing all developing countries in pursuing sustainable development, in particular, African countries, least developed countries, landlocked developing countries, small island developing states, as well as the specific challenges facing middle-income countries and countries in conflict and post-conflict situations.

The leaders expressed their determination, between now and 2030, to end poverty and hunger everywhere; to combat inequalities within and among countries; to build peaceful, just and inclusive societies; to respect, protect and fulfill human rights and achieve gender equality and the empowerment of all women and girls, and to ensure the lasting protection of the planet and its natural resources.

-- Excerpted from Xinhua News

15/09/2023

🔔 Industry Indicators Module of Business Credit Report

This module compares various financial indicators of the target company and its industry in terms of debt-paying ability, development ability, profitability, and operational ability, etc.

Industry indicators can not only help customers get to know the target company's own business and financial situation but also the overall development of the industry in which the company is located. Reflecting its market share status and whether it is a leading enterprise in the industry. Industry indicators can be used to analyze whether the target company's industry has prospects, as well as the development trend of the enterprise's industry. When the industry is in a downward cycle, a decline in business performance and an increase in borrowing can lead to an increase in the company's asset-liability ratio.

14/09/2023

How to obtain overseas corporate credit report?

First of all, the foreign trader can contact the overseas bank commonly used by the partner, or the foreign trader's own overseas bank, and ask whether they can provide the credit report of the other party. The advantage of this method is relatively direct and rapid, but the disadvantage is that the laws and regulations of some countries restrict the disclosure of customer information to the third party, and the content of the credit report provided by the bank may be simple and one-sided.

Secondly, foreign traders obtained through professional credit agencies can entrust some professional third-party credit agencies, such as Grand Credit, to issue overseas credit reports for foreign traders. The advantage of this method is that it is relatively comprehensive and professional. Credit bureaus can collect and analyze the credit information of overseas enterprises or individuals from multiple channels, and give comprehensive credit ratings and suggestions. The disadvantage is that it may take some time and expense.

14/09/2023

ℹ Industry Information Module of Business Credit Report

This reflects the industry and background of the target company, including the target company's , industry definition, industry status and trends, which can help to understand the overall situation of the target company’s industry.

[Risk points]

a) The target company's industry has been included in the list of eliminated industries, customer products are at the end of their maturity or decline period, production processes are outdated, production technology and product technology content are low, and environmental protection policies are not supported.

b) The entry threshold for the industry is low, and there is fierce competition.

c) Highly competitive and unstable industry enterprises, including software, mobile phones, information, etc. Due to rapid product updates and fierce industry competition, the industry landscape constantly changes, and the elimination rate is high.

d) Industry shutdowns, rectification, or target enterprises being ordered to stop production or punished due to environmental issues.

08/09/2023

📢 G20 Summit to help bolster global economic recovery

Premier Li Qiang will attend the 18th G20 Summit to be held in New Delhi, India on September 9 and 10, when leaders and representatives of the Group of 20 nations will gather to discuss measures to boost global economic recovery.

The summit takes place at a time when the global economy is facing increased downward pressure, and there are growing difficulties in achieving sustainable development worldwide amid mounting challenges such as the climate change and the ongoing Ukraine crisis.

The G20 comprises 19 countries — Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkiye, United Kingdom and United States — and the European Union, representing around 85 percent of the global GDP, over 75 percent of the global trade, and about two-thirds of the world population.

It is the premier intergovernmental forum for international economic cooperation, and plays an important role in shaping and strengthening global architecture and governance on all major international economic issues.

As the host of this year's summit, India gives priority to green development, climate finance and lifestyle for environment, accelerated, inclusive and resilient growth, accelerating progress on sustainable development goals, technological transformation and digital public infrastructure, multilateral institutions for the 21st century, as well as women-led development.

China, as the strong advocate for true multilateralism, is expected to use the summit to underline the need to refocus on the issue of development as the world is confronting multiple crises and challenges, observers said.

-- Excerpted from Xinhua News

31/08/2023

BRICS expansion marks new starting point for cooperation

Chinese President Xi Jinping delivers a speech titled "Hand in Hand Toward a Community of Shared Development" at the BRICS-Africa Outreach and BRICS Plus Dialogue in Johannesburg, South Africa, Aug. 24, 2023.

Right now, changes in the world, in the times and in history are unfolding in ways like never before, bringing human society to a critical juncture.

The rising unilateralism, protectionism, the Cold War mentality, zero-sum game mindset, hegemonism and power politics are threatening world peace and stability. The international community needs positive forces upholding open cooperation, safeguarding peace and stability, promoting development and prosperity, and strengthening mutual learning and exchanges.

Many emerging markets and developing countries have come to what they are today after shaking off the yoke of colonialism, and have a stronger desire to safeguard peaceful development and pursue fairness and justice.

Over the past 17 years, the giant ship of BRICS has sailed forward tenaciously against raging torrents and storms. Riding the wind and cleaving the waves, it has embarked on a righteous course of mutual support and win-win cooperation.

The BRICS cooperation has immense potential and the future is bright for BRICS countries. The expanded BRICS family will forge stronger BRICS strategic partnership and expand the "BRICS Plus" model, writing new chapters of solidarity and cooperation for development among emerging markets and developing countries.

Together they will work to shape a landscape for peaceful development and contribute strength to building a community with a shared future for mankind.

-- Excerpted from Xinhua News

25/08/2023

💰 Equity Pledge Module of Business Credit Report

Equity pledge refers to the act of the pledger pledging the equity of the company they own as the subject matter, and pledging the equity to the pledgee through a written pledge contract, to guarantee the performance of debts and the realization of creditor's rights. Equity pledge is a method of financing for modern companies. Equity pledge loans refer to financing businesses where banks provide loans based on shares held by eligible borrowers or third parties as collateral.

🔊 Risk points
a) Risk of fluctuations in equity value.
b) The moral hazard of the pledger's lack of credit.
c) The disposal risk under the imperfect equity trading market.

24/08/2023

🌏 China to deepen solidarity, cooperation with other emerging markets, developing countries

Chinese President Xi Jinping attends the 15th BRICS Summit held in Johannesburg, South Africa and pays a state visit to South Africa from Aug. 21 to 24. While in South Africa, President Xi Jinping will co-chair with President Ramaphosa the China-Africa Leaders' Dialogue.

It is believed that Xi's visit will contribute Chinese plans and wisdom to deepening the partnership among BRICS countries and improving the BRICS cooperation mechanism. This visit is expected to draw a blueprint for the development of China-South Africa relations and China-Africa ties, making the pie of cooperation bigger and the force of progress stronger.

Since its establishment, BRICS has remained true to its founding purpose of seeking strength through solidarity, upheld the spirit of openness, inclusiveness and win-win cooperation, and deepened practical cooperation in various fields. It has become an important force driving global governance reform with increasing international influence.

After decades of development, the significance of the BRICS cooperation has gone beyond the five countries. The mechanism has become an important platform promoting common development and prosperity for emerging markets and developing countries.

At the High-level Dialogue on Global Development held last year, Xi proposed to foster a development paradigm featuring benefits for all, balance, coordination, inclusiveness, win-win cooperation and common prosperity, and announced a series of important measures in implementing the Global Development Initiative, leading the international community, including the BRICS countries, to seek global development with a broad vision and a long-term perspective, and to promote common development with pragmatic actions and forceful measures.

-- Excerpted from Xinhua News

18/08/2023

A look at China's economic resilience amid sluggish global growth

The gross domestic product increased 5.5 percent from a year ago in H1, quicker than the 3 percent of 2022. Consumption, serving as a more forceful driving force, contributed 77.2 percent of the , and consumer prices returned to a month-on-month increase in July, indicating recovering demand.

The eastern regions of China continued to lead the way, while central regions strengthened their capabilities in grain production and advanced manufacturing, and the western regions continued to unlock their potential.

Authorities have doubled down efforts to boost the development of private businesses. A policy guideline was issued last month to address key concerns of private businesses, including market entry, fair competition, legal protection, financing support, intellectual property rights protection, and innovation input. The policy effects have reverberated across the private economy. The development index of China's small and medium-sized enterprises rose for a second straight month in , indicating an improvement in market expectations.

Benefitting from the efficacy of current policies and with additional measures in the pipeline, the Chinese economy is expected to maintain its steady trajectory during the rest of the year.

-- Excerpted from Xinhua News

15/08/2023

🛒 China's retail sales maintain stable growth in July

's sales of consumer goods, a major indicator of the country's strength, maintained stable growth in July, official data showed Tuesday.

The retail sales of consumer goods increased by 2.5 percent year on year last month to nearly 3.68 trillion yuan (about 512.22 billion U.S. dollars), according to the National Bureau of Statistics (NBS). In the January-July period, the figure increased 7.3 percent.

The consumer market continued to recover and service consumption grew rapidly, the NBS said in a statement.

"Domestic demand kept growing," NBS spokesperson Fu Linghui told a press conference Tuesday. "The service consumption, such as summer vacation tourism, picked up markedly, offering significant support for expanding consumption."

In July, the catering sector reported a revenue increase of 15.8 percent from a year earlier. In the first seven months, online retail sales gained 12.5 percent and service sales surged 20.3 percent.

-- Excerpted from Xinhua News

11/08/2023

🔑 Equity Frozen Module of Business Credit Report

Equity frozen refers to a compulsory measure taken by the People's Court to prohibit its extraction or transfer during litigation preservation or enforcement. The main purpose of this measure is to prevent improper loss of equity returns. Prevent losses to the internal interests of the enterprises.

Equity frozen mainly restricts shareholders from obtaining profits from the company (receiving dividends or bonuses), as well as disposing of equity (equity transfer or equity pledge) to prevent improper loss of equity returns and achieve the purpose of property preservation.

For the equity that has been frozen by the national court, other national courts may conduct seizures. If the equity freeze is unfrozen, the registration of the previous round of lockdown will automatically take effect.

08/08/2023

China's forex reserves rise in July

China's foreign exchange reserves came in at 3.204 trillion U.S. dollars at the end of July, up from 3.193 trillion dollars at the end of June, the State Administration of Foreign Exchange said Monday.

In July, affected by monetary policies and expectations of major economies, world macroeconomic data and other factors, the U.S. dollar index fell and global financial asset prices generally rose. Due to the exchange rate translation and asset price changes, China's foreign exchange reserves increased in July, the administration said.

China's economy has great resilience and potential for development, and its long-term positive fundamentals have not changed, which is conducive to maintaining the basic stability of foreign exchange reserves, the administration said.

-- Excerpted from Xinhua News

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