Latest news with #Version3.0
The Star
21-07-2025
- Business
- The Star
China sets its sights on export boost
China will intensify efforts to advance high-quality trade development, deepen international cooperation and bolster innovation to further boost exports during the 15th Five-Year Plan (2026-30) period, the country's top commerce official said on Friday. Speaking at a news conference in Beijing, Commerce Minister Wang Wentao said these measures will foster an open, cooperative and mutually beneficial global trading landscape that promotes shared development. Wang said that despite external pressures, China further cemented its position as a major global trading nation, with notable progress in high-quality development during the 14th Five-Year Plan period (2021-25). The country's foreign trade reached $6.16 trillion in 2024, up 32.4 percent from 2020, maintaining its position as the world's largest trading nation for the eighth consecutive year, according to the Ministry of Commerce. "Chinese exporters have shown remarkable resilience, actively adapting to changes and driving transformation," he said, adding that they are accelerating product upgrades, especially by enhancing technological content, while also expanding into new markets and channels, and exploring innovative business models. The commerce minister said that China's foreign trade-related production and supply chains have become more complete, flexible and efficient, reinforcing the country's ability to navigate external uncertainties and laying a solid foundation for sustained and high-quality trade growth. Noting that any attempt to forcibly "decouple" economic and trade ties between China and the United States is destined to fail, Wang said the bilateral economic relationship has endured fluctuations, with cooperation remaining anchored in economic fundamentals and reflecting the shared interests and expectations of people in both countries. As economic globalization has encountered mounting challenges and unilateralism and protectionism have continued to rise in recent years, China International Trade Representative Li Chenggang said that the world's economic order and governance system have come under significant strain. In response, China has reaffirmed its commitment to the multilateral trading system and has worked to expand its network of high-standard free trade agreements, advancing both multilateral and regional cooperation in parallel, said Li, who is also vice-minister of commerce. "In addition to completing negotiations on the Version 3.0 China-ASEAN Free Trade Area agreement earlier this year, China has also incorporated rules on emerging sectors such as the digital and green economy into its trade negotiations," he added. Reflecting China's broader commitment to high-standard opening-up, foreign investment has also played a key role in supporting the country's economic development. China utilized a total of $708.73 billion in foreign investment during the 14th Five-Year Plan period by the end of June this year, reaching the target set in the national commerce development plan six months ahead of schedule. Ling Ji, vice-minister of commerce and deputy China international trade representative, said that foreign-invested companies have contributed one-third of China's foreign trade and one-quarter of its industrial added value, while creating over 30 million jobs, making a significant contribution to the country's economic development. In a renewed push to draw more global capital, China on Friday introduced 12 targeted measures to encourage foreign companies to reinvest in the Chinese market and boost the effective use of foreign investment. The new policy, jointly issued by the National Development and Reform Commission and six other government bodies, said that China will support eligible foreign-invested companies reinvesting profits domestically through flexible land use, tax incentives, streamlined procedures, financial support and improved services to encourage high-quality foreign reinvestment projects. Jiangsu Mobis Automotive Parts Co Ltd, an automobile lamp and airbag manufacturer and subsidiary of South Korea's Hyundai Mobis Co in Yancheng, Jiangsu province, has strengthened its earning capacity since joining the Authorized Economic Operator (AEO) program in 2024, with support from the local government. The AEO program, promoted by the World Customs Organization, fosters partnerships between customs authorities and businesses to enhance supply chain security and streamline global trade through simplified procedures. "Since joining the program, we have expanded to become a global supplier of components to more automakers in Japan and Southeast Asia," said Zheng Yinyin, a manager at the company's foreign trade unit. The company, which employs more than 1,000 people, saw its exports soar 44.5 percent year-on-year to 430 million yuan ($60 million) between January and June, data from Nanjing Customs showed. - China Daily/ANN
Asia News Network
21-07-2025
- Business
- Asia News Network
China's 15th five-year plan to see enhanced innovation, deepened international cooperation
July 21, 2025 BEIJING – China will intensify efforts to advance high-quality trade development, deepen international cooperation and bolster innovation to further boost exports during the 15th Five-Year Plan (2026-30) period, the country's top commerce official said on Friday. Speaking at a news conference in Beijing, Commerce Minister Wang Wentao said these measures will foster an open, cooperative and mutually beneficial global trading landscape that promotes shared development. Wang said that despite external pressures, China further cemented its position as a major global trading nation, with notable progress in high-quality development during the 14th Five-Year Plan period (2021-25). The country's foreign trade reached $6.16 trillion in 2024, up 32.4 percent from 2020, maintaining its position as the world's largest trading nation for the eighth consecutive year, according to the Ministry of Commerce. 'Chinese exporters have shown remarkable resilience, actively adapting to changes and driving transformation,' he said, adding that they are accelerating product upgrades, especially by enhancing technological content, while also expanding into new markets and channels, and exploring innovative business models. The commerce minister said that China's foreign trade-related production and supply chains have become more complete, flexible and efficient, reinforcing the country's ability to navigate external uncertainties and laying a solid foundation for sustained and high-quality trade growth. Noting that any attempt to forcibly 'decouple' economic and trade ties between China and the United States is destined to fail, Wang said the bilateral economic relationship has endured fluctuations, with cooperation remaining anchored in economic fundamentals and reflecting the shared interests and expectations of people in both countries. As economic globalization has encountered mounting challenges and unilateralism and protectionism have continued to rise in recent years, China International Trade Representative Li Chenggang said that the world's economic order and governance system have come under significant strain. In response, China has reaffirmed its commitment to the multilateral trading system and has worked to expand its network of high-standard free trade agreements, advancing both multilateral and regional cooperation in parallel, said Li, who is also vice-minister of commerce. 'In addition to completing negotiations on the Version 3.0 China-ASEAN Free Trade Area agreement earlier this year, China has also incorporated rules on emerging sectors such as the digital and green economy into its trade negotiations,' he added. Reflecting China's broader commitment to high-standard opening-up, foreign investment has also played a key role in supporting the country's economic development. China utilized a total of $708.73 billion in foreign investment during the 14th Five-Year Plan period by the end of June this year, reaching the target set in the national commerce development plan six months ahead of schedule. Ling Ji, vice-minister of commerce and deputy China international trade representative, said that foreign-invested companies have contributed one-third of China's foreign trade and one-quarter of its industrial added value, while creating over 30 million jobs, making a significant contribution to the country's economic development. In a renewed push to draw more global capital, China on Friday introduced 12 targeted measures to encourage foreign companies to reinvest in the Chinese market and boost the effective use of foreign investment. The new policy, jointly issued by the National Development and Reform Commission and six other government bodies, said that China will support eligible foreign-invested companies reinvesting profits domestically through flexible land use, tax incentives, streamlined procedures, financial support and improved services to encourage high-quality foreign reinvestment projects. Jiangsu Mobis Automotive Parts Co Ltd, an automobile lamp and airbag manufacturer and subsidiary of South Korea's Hyundai Mobis Co in Yancheng, Jiangsu province, has strengthened its earning capacity since joining the Authorized Economic Operator (AEO) program in 2024, with support from the local government. The AEO program, promoted by the World Customs Organization, fosters partnerships between customs authorities and businesses to enhance supply chain security and streamline global trade through simplified procedures. 'Since joining the program, we have expanded to become a global supplier of components to more automakers in Japan and Southeast Asia,' said Zheng Yinyin, a manager at the company's foreign trade unit. The company, which employs more than 1,000 people, saw its exports soar 44.5 percent year-on-year to 430 million yuan ($60 million) between January and June, data from Nanjing Customs showed.
Yahoo
11-06-2025
- Business
- Yahoo
Version 3.0 AI Automation Platform Launches at VGM's Heartland Conference
Darby 3.0 automates patient intake workflows from fax to EMR, helping HME providers scale without expanding teams WATERLOO, Iowa, June 11, 2025 /PRNewswire/ -- Darby, a leading provider of AI-powered automation for the home medical equipment (HME) industry, today announced the launch of Version 3.0 of its flagship platform at the 2025 Heartland Conference hosted by VGM. The enhanced suite delivers advanced AI capabilities designed to streamline patient intake operations. Version 3.0 represents a significant leap forward in Darby's mission to transform how home medical equipment companies manage their operations, from initial patient intake through payer qualification and compliance reporting. The new release employs artificial intelligence and machine learning technologies to automate complex workflows that have traditionally required extensive manual processing. "Version 3.0 delivers a complete transformation of the HME intake workflow," said Robin Y. Smith, CEO of Darby. "With fully automated fax processing, improved AI accuracy for payer qualification, and headless EMR uploads for qualified orders, we've eliminated many manual touchpoints in these workflows from referral to patient setup." Key capabilities in Version 3.0 include: Fully Automated Fax Intake Process: The platform automatically processes incoming faxes without manual intervention, sorting and labeling patient orders by product type Improved Payer Qualification Processing: Enhanced AI reviews qualification criteria against specific payer rulesets, including Medicare and commercial insurance guidelines, with superior accuracy Headless EMR Upload for Qualified Orders: Fully automatic and native integrations to EMR and Fax systems enable upload of qualified orders directly to EMR systems without requiring staff intervention Enhanced AI Accuracy: Improved machine learning algorithms deliver more precise document processing and qualification determination The Heartland Conference brings together hundreds of HME professionals, manufacturers, and partners to explore industry innovations. Darby's participation at the conference reinforces the company's commitment to supporting the VGM community and advancing the broader HME ecosystem. About Darby Darby specializes in AI and automation solutions designed specifically for the home medical equipment industry. Darby's software is SOC 2 Type II certified and HIPAA compliant. Backed by leading healthcare technology investors including Underscore VC, Flare Capital Partners and January Ventures, Darby serves HME customers nationwide and is committed to helping providers modernize their operations and scale efficiently. View original content: SOURCE Darby Inc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
11-06-2025
- Business
- Yahoo
Version 3.0 AI Automation Platform Launches at VGM's Heartland Conference
Darby 3.0 automates patient intake workflows from fax to EMR, helping HME providers scale without expanding teams WATERLOO, Iowa, June 11, 2025 /PRNewswire/ -- Darby, a leading provider of AI-powered automation for the home medical equipment (HME) industry, today announced the launch of Version 3.0 of its flagship platform at the 2025 Heartland Conference hosted by VGM. The enhanced suite delivers advanced AI capabilities designed to streamline patient intake operations. Version 3.0 represents a significant leap forward in Darby's mission to transform how home medical equipment companies manage their operations, from initial patient intake through payer qualification and compliance reporting. The new release employs artificial intelligence and machine learning technologies to automate complex workflows that have traditionally required extensive manual processing. "Version 3.0 delivers a complete transformation of the HME intake workflow," said Robin Y. Smith, CEO of Darby. "With fully automated fax processing, improved AI accuracy for payer qualification, and headless EMR uploads for qualified orders, we've eliminated many manual touchpoints in these workflows from referral to patient setup." Key capabilities in Version 3.0 include: Fully Automated Fax Intake Process: The platform automatically processes incoming faxes without manual intervention, sorting and labeling patient orders by product type Improved Payer Qualification Processing: Enhanced AI reviews qualification criteria against specific payer rulesets, including Medicare and commercial insurance guidelines, with superior accuracy Headless EMR Upload for Qualified Orders: Fully automatic and native integrations to EMR and Fax systems enable upload of qualified orders directly to EMR systems without requiring staff intervention Enhanced AI Accuracy: Improved machine learning algorithms deliver more precise document processing and qualification determination The Heartland Conference brings together hundreds of HME professionals, manufacturers, and partners to explore industry innovations. Darby's participation at the conference reinforces the company's commitment to supporting the VGM community and advancing the broader HME ecosystem. About Darby Darby specializes in AI and automation solutions designed specifically for the home medical equipment industry. Darby's software is SOC 2 Type II certified and HIPAA compliant. Backed by leading healthcare technology investors including Underscore VC, Flare Capital Partners and January Ventures, Darby serves HME customers nationwide and is committed to helping providers modernize their operations and scale efficiently. View original content: SOURCE Darby Inc Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Malaysia Sun
28-05-2025
- Business
- Malaysia Sun
2nd LD Writethru: Chinese premier calls for forging example of openness, development cooperation with ASEAN, GCC
KUALA LUMPUR, May 27 (Xinhua) -- Chinese Premier Li Qiang called on China, the Association of Southeast Asian Nations (ASEAN) and the Gulf Cooperation Council (GCC) countries to jointly forge an example in openness, development cooperation and cross-civilization integration on Tuesday. He made the remarks when addressing the inaugural ASEAN-China-GCC Summit held in Kuala Lumpur, the capital of Malaysia. China, ASEAN, and GCC countries enjoy a long history of friendly exchanges, Li said, adding that against complex changes in international landscape and a sluggish economic growth, the establishment of such a communication platform and cooperation mechanism as this trilateral summit marks a major innovation in regional economic cooperation. Through closer connectivity and cooperation, the Chinese premier said, the three sides can build a dynamic economic circle and growth pole, which carries great significance for their respective prosperity as well as for peace and development in Asia and the world. Li urged all sides to seize this historic opportunity, continuously enrich the substance of trilateral cooperation, and work together to build a model of global cooperation and development. He urged all sides to build a model in three aspects. Firstly, Li called on the three sides to create a model of cross-region openness, noting that the population and economic aggregate of China as well as countries of the ASEAN and the GCC account for approximately one quarter of the world's total. A full connection of the three markets will surely give rise to a much larger space for development and a more significant scale effect, he said. China and the ASEAN have fully completed the negotiations on the upgrade of the Version 3.0 China-ASEAN Free Trade Area, Li noted, adding that it is expected that an early completion of talks on the free trade area agreement between the GCC and various parties can be done so as to elevate trilateral trade levels. He urged the three sides to unswervingly expand regional opening-up, and build the related regions into a large shared market where resources, technologies and talents flow more efficiently, and trade and investment enjoy greater freedom and convenience, so as to fully unleash the powerful effect of open development. Secondly, he called on the three sides to forge a model of cooperation across different development stages, saying that although the three sides are at different stages of development, their differences are not obstacles to cooperation but complements to each other's strengths. China, he said, is ready to deepen strategic alignment with the ASEAN and the GCC on the basis of mutual respect and equal treatment, enhance coordination of macroeconomic policies and strengthen collaboration in industrial specialization. "We should strive to turn our own strengths into those of everyone, and at the same time help each other tackle new challenges emerging in development, create new ways of international industrial economic cooperation, and promote a coordinated development in which their abilities can be fully explored, and benefits can be doubled and shared," he said. Thirdly, the Chinese premier urged the three sides to create a model of cross-civilization integration, noting that the three sides are home to vibrant civilizations and share Asian values of peace, cooperation, openness and inclusiveness. He called for deeper cultural and people-to-people exchanges and a stronger foundation of mutual trust, and called on the three sides to effectively manage differences through mutual understanding, foster mutually beneficial cooperation through the exchange of ideas and explore a new path for the inclusive advancement of diverse civilizations. The Chinese side, he said, actively supports the initiative of Confucian-Islamic civilizational dialogue proposed by Malaysian Prime Minister Anwar Ibrahim. China is ready to work with the ASEAN and the GCC to implement the Global Civilization Initiative, promote mutual learning among civilizations and build greater consensus and momentum for peace and development, he added. Li said China is willing to strengthen trilateral partnerships with ASEAN and the GCC, work together to formulate a high-quality Belt and Road cooperation action plan, strengthen alignment in infrastructure and market regulations, expand cooperation in areas such as energy, agriculture, artificial intelligence, the digital economy as well as green and low-carbon development, and promote people-to-people exchanges and mutual understanding. China, Li said, is also willing to offer greater visa facilitation to ASEAN and GCC countries. Looking globally, the three sides should strengthen communication and coordination under the UN and other multilateral frameworks, safeguard the common interests of developing countries, resolutely oppose hegemonism and power politics, and push for a more just and equitable global governance, Li said. ASEAN and GCC leaders attending the summit spoke highly of the important role stronger trilateral cooperation plays in advancing their respective development and promoting regional peace and prosperity. They said that the summit has opened a new chapter for the three sides to jointly address challenges and pursue development. The leaders pledged to further deepen Belt and Road cooperation, enhance cooperation in such areas as connectivity, economy and trade, industrial and supply chains, agriculture, energy, finance and the digital economy. They also pledged to strengthen mutual learning among civilizations, carry out closer multilateral cooperation, and advance trilateral integration for strong, inclusive, and sustainable development, contributing to the building of a community with a shared future. The meeting adopted the joint statement of the ASEAN-China-GCC Summit.
