China will likely take a 25-30 percent stake in the Asian Infrastructure Investment Bank (AIIB) and India is likely to be the second-largest shareholder, delegates attending a meeting of the bank's founding members said on Friday.  China's share in the $100 billion lender will be less than 30 percent, an Asian delegate attending the meeting in Singapore told Reuters.  A second delegate said India's share will be between 10 to 15 percent. Both spoke on condition of anonymity.  In all, Asian countries will own between 72-75 percent of the bank, while European and other nations will own the rest.  The three-day meeting is aimed at finalising the draft of articles of agreement that would decide the share of member countries and the bank's initial capital.  A third delegate said the talks have ended and now each country representative would take the proposals back to their governments for a final decision.  The constitution for the AIIB will be signed by founding members in Beijing in late June this year, according to the meeting. Based on the constitution, the AIIB is expected to be set up by the end of this year.  There was no immediate comment from the AIIB or Chinese officials on the discussions in Singapore.  A total of 57 countries have joined AIIB as its prospective founding members, throwing together countries as diverse as Iran, Israel, Britain and Laos.  The United States and Japan have stayed out of the institution, seen as a rival to the US-dominated World Bank and Japan-led Asian Development Bank, citing concerns about transparency and governance - although Tokyo for one is keeping its options open.  AIIB's expected launch next year is coming at a time when the space for infrastructure lending is already crowded due to the presence of major multilateral lenders and Japan's latest move to provide $110 billion for Asian infrastructure projects.  The amount of Japanese funds, to be invested over 5 years, tops the expected $100 billion capitalisation of the AIIB.  about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com  

 Alibaba Group Holding is poised to overtake Walmart later this year as the world's biggest retail platform, said Daniel Zhang Yong, chief executive officer of the e-commerce behemoth, reported TMTPost. The goal includes achieving more than $1 trillion gross merchandise value (GMV) in five years, while developing more infrastructural platforms to empower businesses in the future, said the new CEO in an internal meeting on Wednesday, three days after he replaced Jonathan Lu. The change of leadership was announced earlier this month as Alibaba released its better-than-expected first-quarter results. Revenue of the Internet giant surged 45 percent in the three months through March. It's critical to achieve the sales target while retaining a thriving ecosystem, said Zhang, adding that mechanism should be improved to tackle issues such as counterfeits and bogus transactions among Taobao vendors who wished to boast sales volume to gain prominence. "Behind the $1 trillion target, the other is our new businesses apart from ecommerce, where we need more resource allocation, focus and new breakthroughs," said the 43-year-old CEO, according to the news. Cloud computing is a first, said Zhang, adding that cloud computing will serve as the engine in the new economic era, empowering all businesses to better serve consumers and improve productivity. Zhang joined Alibaba as chief financial officer of Taobao Marketplace in 2007 and acted as COO since 2013. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com  

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 BEIJING - With China's growth rate moderating, the country is confronted with a delicate balancing act in its economic restructuring and reforms, the World Bank said on Monday.  "Efforts to cut excess capacity in heavy industry, reduce supply mismatches in residential property, dampen unproductive risk taking in shadow banking and harden budget constraints on local governments will help make investment more efficient and realign growth over the medium term," the World Bank said in the East Asia Pacific Economic Update.  "However, such reforms will depress activity in the short term. It is critical that any offsetting stimulus measures be designed not to undermine restructuring efforts. In particular, any fiscal stimulus program will need to avoid unsustainable increases in local government debt," suggested the Washington-based global lender.  The Chinese economy posted a 7.4 percent growth in 2014, its weakest since 1990. The annual growth target set by the government was lowered to around 7 percent for 2015, but more stress was laid on better-quality and innovation-driven growth.  China's growth is expected to moderate to around 7 percent in the next two years, reflecting continued policy efforts to address financial vulnerabilities and gradually shift the economy to a more sustainable growth path, noted the biannual report.  As China shifts to a consumption-led, rather than an investment-led, growth model, the main challenge is to implement reforms that will ensure sustainable growth in the long run, said the World Bank.   about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

 New measures were unveiled on Thursday aimed at ensuring the quality of Chinese products sold overseas. Such merchandise has been increasingly snapped up by foreign customers but remains clouded by concerns over quality and intellectual property rights. The State Council announced the decision, which involves 10 departments, as part of a nationwide drive to crack down on violations of intellectual property rights and to target producers of counterfeit goods. A three-year plan will address key products exported to Africa, Arab nations, Latin America and countries and regions along the China-proposed Silk Road Economic Belt and 21st Century Maritime Silk Road－transcontinental initiatives prioritizing unimpeded trade and connectivity. For example, the Latin American market is a huge one for Chinese products, and improved quality would help to build Chinese brands' reputation and the country's image abroad, Chai said. Huang Wei, a researcher at the academy's Institute of World Economics and Politics, said the new measures will encourage Chinese enterprises to upgrade business and to guarantee product quality. The urgency of such a task is highlighted by the announcement of the Silk Road initiatives amid lingering concerns over dumping of Chinese products, Huang said. Despite China's progress in recent years, any negative impressions about its products and IPR records cannot be tackled overnight, and the country needs to prove itself through its actions, she said. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

BEIJING - China's fresh resolution to seek industrial cooperation with other countries will create mutual benefits amid the feeble global economic recovery, rather than finding an outlet for polluting and outdated overcapacity. Chinese Premier Li Keqiang has announced that the country will accelerate exports of equipment and promote industrial cooperation, a move that aims to encourage Chinese enterprises to invest abroad and helps less-developed economies to modernize. After decades of rapid economic advance through opening up and reform, China has moved into the later stage of industrialization and accumulated huge capacity to churn out fundamental products including iron and steel, cement and plate glass. This infrastructure, technology and expertise, though under-utilized in China, is urgently needed in economies in the middle of industrialization. For instance, African countries which rely heavily on imports are crying out for their own factories and production lines. Chinese enterprises are willing and able to lend a helping hand. In this way, local industry will surge with employment boosted and infrastructure improved. At that point, more overseas capital can be attracted, benefitting both local people and other global investors. At the core of exporting China's equipment and extra capacity is to build a new global value chain that treats all players in the world fairly, be it developed economies or poor countries. The bottom line is the cooperation should not be interpreted as China transplanting polluting factories it no longer wants. China will not seek cooperation that sacrifices the environment or the long-term interests of its partners. China is backing up the "capacity exports" drive with an array of initiatives that will facilitate the process, including the Asian Infrastructure Investment Bank, the "Belt and Road" Asian infrastructure project and the New Development Bank. It is also imperative for China to move forward with the cooperation if a country wants to upgrade its manufacturing sector and overhaul its industrial structure. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

 NEW DELHI - China's Alibaba group will set up a start-up incubator for mobile internet and mobile commerce in the southern Indian city Bangalore, said local daily the Times of India Wednesday.  The project will be set up with the Globals, a Bangalore-based mobile and analytics solution company, after a meeting between Alibaba chairman Jack Ma and Globals founder Suhas Gopinath.  The two companies want to focus on mobile internet as e- commerce is moving rapidly to mobile.  "It becomes easier to mentor the startups, and find the right set of funders if you have a focused incubator," the report quoted Gopinath as saying.  The idea for the incubator came from Guru Gowrappan, chief operational officer and head of product and marketing in Silicon Valley-based Quixey, of which Alibaba is an investor.  The project is expected to start by May or June, according to the report.  about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com

   BEIJING -- China's consumer price index, a main gauge of inflation, grew 1.4 percent year on year in February, the National Bureau of Statistics announced Tuesday. The stronger-than-expected reading quickened from the 0.8-percent gain in January, the lowest level in more than five years. NBS statistician Yu Qiumei attributed the recovery to rising food and travel prices during the Chinese Lunar New Year Holiday. Distortions caused by the timing of the Spring Festival, which fell on January 31, 2014 but on Feb. 19 this year, also played a part, the NBS explained. Food prices, which account for nearly one-third of weighting in China's CPI, increased 2.4 percent year on year in February. On a monthly basis, consumer prices in January went up 1.2 percent. In addition, China's producer price index (PPI), which measures wholesale inflation, plunged 4.8 percent year on year in February, marking the 36th straight month of decline that pointed to continuing weak market demand. China's economy grew 7.4 percent in 2014, the weakest annual expansion in 24 years, and a string of economic indicators for the new year, including manufacturing and trade data, all suggested continued weakness. The annual government work report, delivered by Premier Li Keqiang at the opening meeting of the national legislature's annual session, set this year's economic growth target at around 7 percent and inflation control target at around 3 percent. about Us: Company:Meifeng Factory Supply portable wardrobe,metal hanger,shoe rack and other home furniture products. E-mail:factorymf@fjmf888.com webiste:www.factorymf.com