Oil and gas company Premier Oil has agreed revised terms for the acquisitions of the Andrew Area and Shearwater assets from British oil major BP. In January, Premier Oil made agreements to buy the Andrew Area and Shearwater assets from BP for $625 million. The […]
CHONGQING – With a booming intelligent manufacturing sector and an ever-growing market for smart products, China is offering immense possibilities for producers worldwide.
The 2019 Smart China Expo, which was held last week in Southwest China’s Chongqing municipality, attracted representatives including heads of international organizations, academics and business leaders from nearly 60 countries and regions, and more than 800 domestic and foreign enterprises.
During the expo, multiple British enterprises signed a series of cooperation deals with governmental departments and firms in Chongqing. The agreements, valued at about 100 million yuan ($14 million), covered a wide range of fields including cloud services, big data, smart finance, science and technology education and urban planning.
At the expo, a series of memorandums of understanding were inked between Chongqing and Singapore to boost bilateral cooperation in the digital economy. The agreements covered a range of sectors including an augmented reality education system for preschools, intelligent manufacturing market development and artificial intelligence research.
Among the memorandums, Singapore Telecommunications Ltd will cooperate with China’s top three telecom operators – China Mobile, China Unicom and China Telecom – to improve data connectivity between Chongqing and Singapore.
Japan’s Kawasaki Heavy Industries demonstrated its industrial robots that can skillfully fit auto parts onto vehicles. Zhou Na, the deputy supervisor of the sales department of Kawasaki (Chongqing) Robotics Engineering Co Ltd, said the robots will be put into mass production next month.
“We will be able to produce 2,000 robots every year, and many of these products will be sold to nearby provinces including Sichuan and Guizhou,” Zhou said.