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Delta's 4-workstation Li-ion Battery Stacking Machine

Electricity plays a significant role in our daily lives as do batteries. Batteries are used to store electrical energy and provide devices with backup power. Of the batteries used in our day-to-day activities, a lithium-ion battery, or Li-ion battery, is a rechargeable and secondary battery seen in products such as consumer electronics, electric vehicles, and energy storage systems.Get more news about cell stacking machine company,you can vist our website!

Recently, a rapid growth in consumer electronics products and global electric vehicle markets has contributed to an increasing demand for Li-ion batteries. To upgrade productivity, manufacturers begin implementing automated machines, which has made the stacking machine a key piece of equipment for battery manufacturing. The machine begins by stacking prefabricated plates in the order of positive plate, separator, negative plate, separator, and then goes through the injection, formation, and grading process. The automated stacking machines have improved labor efficiency on the production line and have influenced battery safety and quality related issues such as separator tension fluctuation, low positioning precision, and longer cycle time.

To solve customer pain points and enhance production efficiency, Delta Industrial Automation has entered the Li-ion batteries market and launched its 4-workstation Li-ion Battery Stacking Machine Solution. Delta’s self-developed Z-stacking machine consists of left, middle, and right machines, with multiple workstations operating at the same time. Both left and right machines are equipped with grabbing and placing grippers and can start stacking separately on two workstations. Meanwhile, the separator is wound off for Z-stacking. After the process is completed, the cutter cuts off the separator, and the middle machine then labels and unloads the cells.

The 4-workstation Li-ion Battery Stacking Machine Solution integrates Delta’s industrial automation products for a fully integrated solution. With Delta’s Human Machine Interface DOP-100 Series and Unmanaged Switches DVS Series, operators can monitor the status and deliver data between left and right machines. On the control layer, the solution employs the compact and highly stable PC-Based Motion Controller AX-8 Series to control the AC Servo System ASDA-E3 Series and ASDA-A3-E Series for linear and rotary motion, achieving precise positioning and higher speed during the stacking procedure. The host controller AX-8 Series, with built-in CODESYS software platform and EtherCAT fieldbus, significantly shortens the program cycle for cost-efficiency.
High integration for easy maintenance
Various stacking machine brands, models, and communication standards are occurring in the market. To help customers integrate different devices, Delta offers diverse industrial automation products, highly-stable solutions, and great customer service for easy and flexible machine maintenance.

Stacking production CT optimization and productivity increase
The linear motor’s speed reaches more than 4m/s and the stacking production CT is around 1.6 seconds, which shortens stacking production CT, boosts battery productivity, and also enhances product competitiveness.

Stable separator tension control to reduce fluctuation
The AX-8 Series provides an optimal algorithm for stable separator tension control and high-precision separator positioning under high-speed operation to increase battery quality and lifespan.

Delta’s 4-workstation Li-ion Battery Stacking Machine Solution provides comprehensive, cutting-edge industrial automation products and helps manufacturers reach high precision, quality, and production efficiency. The overall solution not only optimizes Li-ion battery production but also provides capable assistance in fulfilling smart manufacturing.

buzai232 Jan 15 '23, 10:32PM · Tags: cell stacking machine

Tissue Paper Packaging Machines

"Tissue Paper Packaging Machines Market" Insights 2022 By Types (Fully Automatic, Semi-automatic), Applications (Industrial, Commercial), Regions and Forecast to 2025. The global Tissue Paper Packaging Machines market size is projected to reach multi million by 2025, in comparison to 2022, with unexpected CAGR during the forecast period, the Tissue Paper Packaging Machines Market Report Contains123 pages Including Full TOC, Tables and Figures, and Chart with In-depth Analysis Pre and Post COVID-19 Market Outbreak Impact Analysis and Situation by Region.Get more news about tissue packing machine,you can vist our website!

The Tissue Paper Packaging Machines market was valued at Million USD in 2018 and is projected to reach Million USD by 2025, at a CAGR of % during the forecast period. In this study, 2018 has been considered as the base year and 2019 to 2025 as the forecast period to estimate the market size for Tissue Paper Packaging Machines.

This report presents the worldwide Tissue Paper Packaging Machines market size (value, production and consumption), splits the breakdown (data status 2014-2019 and forecast to 2025), by manufacturers, region, type and application.

This study also analyzes the market status, market share, growth rate, future trends, market drivers, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.Tissue Paper Packaging Machines Market Report identifies various key players in the market and sheds light on their strategies and collaborations to combat competition. The comprehensive report provides a two-dimensional picture of the market. By knowing the global revenue of manufacturers, the global price of manufacturers, and the production by manufacturers during the forecast period of 2022 to 2025, the reader can identify the footprints of manufacturers in the Tissue Paper Packaging Machines industry.

As well as providing an overview of successful marketing strategies, market contributions, and recent developments of leading companies, the report also offers a dashboard overview of leading companies' past and present performance. Several methodologies and analyses are used in the research report to provide in-depth and accurate information about the Tissue Paper Packaging Machines Market.

The current market dossier provides market growth potential, opportunities, drivers, industry-specific challenges and risks market share along with the growth rate of the global Tissue Paper Packaging Machines market. The report also covers monetary and exchange fluctuations, import-export trade, and global market

status in a smooth-tongued pattern. The SWOT analysis, compiled by industry experts, Industry Concentration Ratio and the latest developments for the global Tissue Paper Packaging Machines market share are covered in a statistical way in the form of tables and figures including graphs and charts for easy understanding.

buzai232 Jan 15 '23, 10:23PM · Tags: tissue packing machine

Ballistic Tiles

For use in shooting ranges to help with ricochet and noise level reduction, ballistic tiles are made from 100% recycled tire rubber. Each 2 x 2 ft. tile is constructed with two different surfaces. This product is 1.5 inch thick.Get more news about ballistic tiles,you can vist our website!

The grid surface is installed facing outward in areas where the primary concern is noise reduction, and the flat surface faces outward when ricochet reduction is the principal concern. Manufactured in the USA, Ballistic Tiles are an excellent surfacing choice for law enforcement, military and civilian shooting ranges.

Rephouse Ballistic Rubber Tiles exhibit tremendous capturing properties to prevent ricochets and lead splash-backs thereby reducing lead dust propagated from repeated range firing.

Rephouse Ballistic Rubber Tiles can be installed on walls, baffles, ceilings and floors and collectively are helpful in attenuating noise. The finished surface is smooth with no protruding edges.

Our ballistic tiles tested for a complete spectrum of the most common small arms calibers and ammunition used by the Military, Enforcement and Civilians. The ballistic tiles were tested to acquire both Penetration and Ricochet characteristics at 100 m, 10 m and 2m distances at various impact angles with different weapon systems.
Top Features for Ballistic Rubber Tiles 2×2 ft Black

1.5 inch thick self sealing rubber tile
Reduces vibration and sound levels
Use on walls, ceilings and floors
Glue down for adhesive
Durable and resilient
Made in the USA from 100% recycled rubber
Assists in ricochet reduction

buzai232 Jan 15 '23, 10:16PM · Tags: ballistic tiles

The Working Principles of MEMS Optical Switches

Optical switch is one of the core devices for realizing functions such as optical cross connection, optical add/drop multiplexing, network monitoring and optical line protection. It converts optical signals from one optical channel to another within a certain range, with one or multiple selectable transmission windows.Get more news about mems optical switch,you can vist our website!

What is a MEMS Optical Switch
Based on its switching technology, there are diverse types of optical switches, including mechanical optical switch, thermal-optic switch, acousto-optic switch, magneto optical switch, liquid crystal optical switch, MEMS optical switch, etc. Traditional switches with electricity as the core technology gradually lag behind the demand for high speed and large capacity optical communication, which gave rise to all-optical switches in the market. Among them, MEMS optical switches are widely used featuring compact size, low power consumption and good expansibility.
Working Principles of MEMS Optical Switches

MEMS (Micro-Electro-Mechanical System) is a micro device or system integrating micro-machinery, micro-actuator, signal processing and control circuits, etc. Micro-mechanical structures are prepared by photo-lithography, ion beam etching, chemical etching, wafer bonding, etc., while electrodes are prepared on the mechanical structure for electronic control.

MEMS is a micro-motor system that needs to be driven electronically after the preparation of a micro-mechanical structure. Typical driving mechanisms include electrostatic attraction, electromagnetic force, electrostriction and thermocouple. Among all the driving mechanisms of MEMS devices, electrostatic gravitation structure is widely used due to its simplicity of preparation, easy control and low power consumption.

A MEMS optical switch is to engrave a number of tiny lenses on silicon crystal, and rotate the micro mirror array through the action of electrostatic force or electromagnetic force, so as to change the propagation direction of the input light to realize the function of optical path on and off.
Generally speaking, MEMS optical switches can be divided into two types based on the spatial structure, namely 2D switch and 3D switch.
2D MEMS Optical Switch

2D MEMS optical switch’s spatial rotating mirror is monolithic on a silicon substrate using surface micro-mechanical manufacturing technology, and the collimation light is connected to the specified output terminal through the rotation control of the micro-mirror. When the micro mirror is horizontal, the light beam can pass over the micro mirror. When the micro mirror rotates perpendicular to the silicon substrate, it will reflect the light beam that has been incident on its surface, so that the light beam can be output from the corresponding output port of the micro mirror.

3D MEMS Optical Switch

In 3D MEMS optical switches, the micro mirror can rotate at any angle along two axes, so it can change the output of the light patch from different angles. These arrays usually come in pairs, with input light arriving on the mirror of the first array being reflected on the mirror of the second array, and then reflected on the output port.

buzai232 Jan 15 '23, 10:06PM · Tags: mems optical switch

Personalized Perfume Bottle--Distinctive Temperament

A personalized perfume bottle is a perfect gift for someone special. It allows you to create a unique scent that truly reflects the personality of the recipient. With a personalized perfume bottle, you can create a scent that's all their own, something that nobody else has. The bottle itself can be customized with their favorite colors and patterns. This makes it even more special, as it will reflect their individual style and taste.Get more news about odm fragrance bottle,you can vist our website!

The scents inside the personalized perfume bottle can be tailored to suit the user's individual preferences. Whether they like something light and floral or something bold and spicy, there are many options available. The fragrance oils used in these bottles are all natural, so you don't have to worry about any synthetic ingredients. With this unique gift, you can show your appreciation for someone special while expressing their distinctive temperament.

Personalized perfume bottles are an excellent way to show your love and appreciation for your friends and family. With this thoughtful gift, you can make sure they feel extra special on their special day while also ensuring they look and smell great!

These bottles come in an array of designs and colors, making it easy to find one that matches your individual style. You can even have your name or initials engraved on the bottle, adding an extra touch of personalization. And with so many fragrances available, you’ll be able to find the perfect scent to fit your mood and style.

Personalized perfume bottles are a luxurious and distinctive way to express one's individual style and temperament. They allow the wearer to create a unique scent that is tailored to their own individual personality. Personalized perfume bottles come in a variety of designs, sizes and shapes, allowing for creative expression and customization.

The fragrance inside of the personalized bottle is carefully blended to create a signature scent that is unique to the wearer. Perfume oils can be combined together to create a scent that matches the individual’s preferences. Depending on the ingredients used, the scent can be floral, woody, musky, or fruity.

buzai232 Jan 15 '23, 09:55PM · Tags: odm fragrance bottle

Best Off Road Tires for Jeep (Updated)

Searching for the best off-road tires for your Jeep? There are three things you need to keep in mind. The first of which is that dedicated off-road tires aren’t designed for highway driving. If you ignore this advice, be ready for loud road noise and short tread life.To get more news about best off road tires for trucks, you can visit gofortunetire.com official website.

Secondly, dedicated off-road tires do not come cheap, especially when compared to their passenger counterparts. It isn’t uncommon for two off-road models to cost as much as an entire set of premium touring tires, excluding the installation/mounting costs.

Thirdly, not all off-road tires are designed to be driven on snow. Only those models that have a flexible tread compound, aggressive biting edges, and Three Peak Mountain Snowflake (3PMSF) symbol can safely carry you from point A to point B in harsh wintry conditions.Now that you’re aware of their limitations, let’s check out the ten best off-road tires for Jeep. All the models you see below come with puncture-resistant tread compounds, asymmetric tread patterns, and sturdy internal construction to not require replacement for years.

The Falken Wildpeak AT3W is one of the best off-road tires on the market. A puncture-resistant sidewall, support ramps and step-down etching, and built-in heat diffusers have made this model a reliable performer on mud, slush, gravel, and even rocky terrains.

Then come the support ramps and step-down etching. Both these design elements give this model the traction it needs to stay stable on gravel. They also eject stones from within the tread area, minimizing the risks of stone drilling, and, by extension, punctures.

Built-in heat diffusers do precisely what their name implies – giving accumulated heat an easy way out before it could hurt the rubber. The heat diffusers are so important in this tire’s construction that Falken specifically mentions them in marketing this model.
The BFGoodrich All-Terrain T/A KO2 ticks several boxes for off-road enthusiasts. This model comes with an extended treadwear warranty, can perform on soft, hard, and loose surfaces, and is durable enough to keep slashes, punctures, and cuts at bay.

Its bias-belted construction has enhanced this model’s toughness vis-à-vis your average rock crawler. It has done that by providing this model with one extra steel belt. The added toughness has given this model the toughness needed to conquer roads with ease.

The BFGoodrich Mud-Terrain T/A KM3 is much better than your average mud-terrain tire. Need proof? A mere glance at this model would be enough. Large spike blocks help this model dig into mud and slush, with mud-phonic bars helping with mud evacuation.

Mickey Thompson tires are famous for their excellent road manners, hydroplaning resistance, and high-speed stability. Their enhanced steering feedback is another strong selling point. The reason we’re telling you all this is that the ATZ P3 has all these qualities too.

Multiple features make the Wrangler DuraTrac one of the best off-road tires for Jeep. The first among them is Goodyear’s Tractive Groove Technology. This technology helps the DuraTrac offer adamant performance in muddy terrains, while increasing traction on wet surfaces.

Affordable asking price? Check. Excellent performance in muddy terrains? Yes. Reliable performance in wet and wintry conditions? Present. Enhanced resistance to punctures? Absolutely. Small wonder then that the Grabber X3 has earned a place on this list.

buzai232 Jan 15 '23, 09:44PM · Tags: austone tires

Apollo launches EV tires for passenger cars and two wheelers

Following news that Apollo will launch a new all-season, Vredestein-branded electric vehicle tire later in 2022, the manufacturer has also introduced EV tires for the passenger vehicle and two-wheeler markets in India – the Apollo Amperion for PV applications and the Apollo WAV range for two-wheelers.To get more news about passenger tire, you can visit gofortunetire.com official website.

The Amperion line will cater to EVs in the hatchback, compact SUV and sedan segments in India, such as the Tata Nexon, MG ZSE, Hyundai Kona and other upcoming models.The Apollo WAV is designed for the majority of high-powered electric scooters available in the country, such as the TVS iQube, Bajaj Chetak and Ather 450. The tire maker plans to develop EV tires for motorcycles in the next phase of its development.

“Tire design and manufacturing have always evolved along with the automobiles,” said Satish Sharma, president, Asia-Pacific, Middle East and Africa (APMEA), Apollo Tyres. “Our teams have invested years of research to understand the changing dynamics and requirements of vehicles in the EV space to perfect the product that we are launching. We are already in discussions with multiple OEMs in India to supply these tires, and will be targeting a lion’s share in the EV space in India, in both PV and two-wheeler segments.”

The tires feature a number of Apollo technologies. AQuT Tech is Apollo’s Quiet Tyre Technology, and uses advanced designs for the tire cavity, pattern and construction to reduce noise. The tire maker’s BEST Tech (Battery Energy Saver Technology) uses a low-rolling resistance technology package to extend battery range. Apollo’s R&D team has also used its design mood board philosophy for aesthetic inspiration – the Amperion design has been inspired by jellyfish, and the WAV is inspired by digital circuit board design.

buzai232 Jan 15 '23, 09:37PM · Tags: austone tires

Non REACH Compliant Tires Still Sold in Europe

On Oct. 16, the European Tyre and Rubber Manufacturers’ Association announced the results of its second round of tire testing examining REACH compliance of tires found within Europe.To get more news about austone tires review, you can visit gofortunetire.com official website.

ETRMA’s results show that roughly 10% of the sample failed to comply with the clean oil legislation, around the same proportion as failed the last set of tests held earlier this year. However, while ETRMA raised concerns about both compliance and enforcement of REACH regulations, some of the companies named in the report have already responded to accusations of compliance failure by raising questions of their own about the way in which the sample was selected.

ETRMA’s second testing campaign was carried out between April and September 2011 on a sample of 94 tires available for sale to EU consumers in several of the largest national tire markets. These tires were all produced in late 2010 and 2011 in 50 factories located in 11 countries, and are being sold in the EU under 51 brand names (these include 31 brands not tested in the first round).

The first round of tire compliance tests the ETRMA conducted took place in March 2011 and followed a similar approach.

Some 10% of the 94 tires sampled this time around were found to be non-compliant, reportedly containing PAH levels prohibited by REACH and therefore, says ETRMA, are being sold illegally on the EU market. Some of the non-compliant tires were made in factories which produced tires that ETRMA found to be non-compliant in the first round.
One factory – which ETRMA named as Shandong Hengfeng Rubber and Plastic Co., located in Guangrao, Shandong Province – was shown to have failed to comply in both rounds, with five of its tires under four different brand names, including both passenger car and truck tires, reportedly exceeding the allowed PAH limit.

ERTMA said eight of the tires – including two Linglong branded, and one each branded by Fullway, Fullrun, Torque, Chengshan, Austone and Boto – came from China, while one Golden Tyre came from Thailand.

Overall, the second test program covered truck, passenger summer and winter, motorcycle and agricultural tire types. As in the first round of testing, all tires in the sample group were purchased from stocks at consumer retail outlets in major EU tire markets (such as Germany, U.K. and Italy).

Initial testing was carried out by ETRMA members. Any tires that presented abnormal PAH results were then sent to a certified independent laboratory and tested according to the standard defined in REACH (ISO 21461).

“The results as well as the full testing reports have been delivered to EU and national authorities. Another 10% still non-compliant on the market means simply that there are manufacturers and importers who do not care about European legislation,” states Francesco Gori, president of ETRMA.
Under the EU’s REACH regulation, high-PAH oils are banned from use in the production of all tires made for motor vehicles produced after Jan. 1, 2010, for subsequent sale in the EU market. The ETRMA data shows that some non-compliant tires made it into Europe. However, some of the tire manufacturers named in the research told Tyres & Accessories that the non-compliant tires are only intended for sale outside Europe and, therefore, must have been imported via parallel markets. This in turn begs the question, should the manufacturers or the distributors be held responsible in these cases?

Nevertheless, while at least three of the named manufacturers have taken this line, ETRMA specifically highlighted that all the Shandong Hengfeng Rubber and Plastic Co. tires failed to comply. In response, representatives of Telford-based Treadsetters, which owns the Torque private brand that ETRMA referred to in its latest survey, reported their surprise at the findings and sent Tyres & Accessories an SGS test certificate demonstrating that its Torque tires are PAH oil-free.

In answer to T&A’s questions, Treadsetters explained that the Torque brand is designed specifically to comply with REACH procedures: “[The] tires purchased are supported by assurances from the manufacturers that they are compliant. The apparent non-compliance of a Torque tire presents us with a predicament for which we are seeking clarification from the manufacturer…the Torque brand is fundamental to our future plans and we will not compromise on its quality. We will ensure that the product conforms/exceeds all current quality standards and there will not be different specifications for different markets,” Treadsetters director Trefor Jones told T&A.
For its part, Cooper offered this comment on the fact that two of its Austone and Chengshan branded truck tire products (both produced at the company’s Cooper Chengshan plant in China) were found to contain PAH oils: “Cooper is a global tire company whose subsidiaries and joint ventures manufacture products for markets that have a variety of requirements and regulations. Products are produced and distributed in accordance with the applicable regulations. While these specific tires were produced by the joint venture company Cooper Chengshan Tire, they were not distributed by Cooper Europe nor intended for sale in European markets.”

LL Tyres Europe commented on the placement on the list of Linglong-branded tires: "In response to the ETRMA recent testing LL Tyres Europe Ltd. would like to state that all tires produced and intended to be distributed and sold in the EU are fully tested and procedures are in place to ensure that they are compliant with all EU legislations (including REACH) since October 2010. LL Tyres Europe Ltd. is not responsible for the illegal import of its products to the European market and strongly questions the methods that ETRMA may have used to gather its information. In addition, LL Tyres Europe Ltd. challenges the legitimacy of these results, as some of the ETRMA member tires appeared to have failed with the European legislation based on the results published."

buzai232 Jan 15 '23, 09:28PM · Tags: austone tires

China's Finance Minister Promises 'Appropriate' 2023 Fiscal Expansion

China will step up fiscal expansion in an appropriate manner in 2023 by boosting fiscal spending and investment via local government special bonds to spur the economy, state media Xinhua reported on Tuesday, citing the finance minister Liu Kun.To get more china business market news, you can visit shine news official website.

Chinese policymakers have pledged to strengthen policy adjustments to cushion the impact on businesses and consumers of a surge in COVID-19 infections after Beijing's abrupt COVID-19 policy U-turn.

The world's second-largest economy also faces declining exports due to slow global growth and a protracted property slump at home, which also reduced local governments' revenue from land sales.

Liu said in an interview with Xinhua that the government needed to expand fiscal expenditure, use local government special bonds to drive investment and increase transfer payments from the central government to poor and less developed areas.

The government needs to "ensure fiscal sustainability and keep local government debt risks controllable," the finance minister said.Policymakers in 2022 drew on an established practice of issuing debt to fund big public works projects to try to revive the slowing economy.

Since 2018, China has arranged 14.6 trillion yuan ($2.11 trillion) in new local government special bonds to support the economy, Liu said. That included 4 trillion yuan in such bonds to support the construction of nearly 30,000 projects in January-November of 2022.

In 2023, the fiscal shortfall outstanding will not lead China to hold back expenditure on people's livelihood, Liu vowed. "We will keep fiscal spending appropriately," he said, adding the government will increase funds to support education and ensure money needed for fighting against COVID.

The finance chief also said China will standardise the management of local government financing vehicles (LGFVs) to guard against local debt risks.

buzai232 Jan 15 '23, 09:14PM · Tags: china finance news

China’s local governments set 2023 growth targets

A number of key provinces and cities in China have announced their growth targets for this year, most of them above 5%, offering the first clues about the country’s economic path in 2023.To get more China finance news 2023, you can visit shine news official website.

Local governments across China began to convene this week for annual legislative sessions laying out their respective policy goals for the year. The meetings will culminate in the national parliamentary session to be held in March, in which the premier is expected to disclose the nation’s GDP growth target.

Guangdong, the southern manufacturing and export giant, announced Thursday that it aims to grow its economy by 5% or more this year.Wang Weizhong, the provincial governor, estimated that its economy only expanded about 2% in 2022, missing the target of 5.5% by a long shot.

“It was not easy to achieve that result,” Wang said in a speech. He added the economy had encountered difficulties not seen in “many years,” including shrinking demand, supply chain shocks and weakening expectations.

This year, Guangdong will focus on growing its economy, including supporting the manufacturing industry, accelerating economic integration with neighboring Hong Kong and Macao, and helping private businesses, Wang said.

Guangdong accounts for more than a tenth of China’s total economic output. In 2021, its GDP was slightly higher than South Korea’s, which is the world’s tenth largest economy.

China’s economy is in bad shape because of three years of Covid lockdowns and a persistent property market slump. Economists had generally expected growth to slump to a rate between 2.7% and 3.3% for 2022, lower than the government’s target of 5.5%.Policymakers have recently turned their focus to boosting growth after rapidly dismantling the draconian zero-Covid policy in early December. They have also eased their stance on the embattled tech and property industries, which have been reeling from a sweeping regulatory crackdown since 2020.

The signs have boosted investor and analyst confidence about a significant rebound in China’s economy in 2023. So far, a group of government economists and international analysts have said they expect Beijing to set a growth target of above 5% in 2023.
On Thursday, Zhejiang province, another major economic powerhouse, announced it’s targeting an expansion of more than 5% in 2023. Last year, the economy grew by only around 3% amid “unexpected shocks and challenges,” its governor Wang Hao said.

He vowed to focus on boosting the digital economy to make it a bigger growth engine. The province is home to several of the country’s largest tech and manufacturing companies, including Alibaba (BABA) and Geely Auto (GELYF).

Earlier this week, the municipal government of Hangzhou, where Alibaba is based, signed a strategic cooperation agreement with the tech conglomerate. The city’s top officials praised Alibaba’s role in helping the local economy and pledged “unwavering support” for the firm, according to the government statement.
Bouncing back?
On Wednesday, Shanghai, the most affluent city in mainland China, announced it would aim for 5.5% growth this year. Last year, its economy increased by 3%, according to the city’s mayor, Gong Zheng.

Shanghai, which is the nation’s financial and shipping hub, was hit hard by a two-month long Covid lockdown in April and May. The city’s fiscal income contracted last year, missing its previous goal of a 6% growth, Gong said. By industry, the combined hotel and catering sector was the worst hit, recording a 63% plunge in revenue for the whole 2022.

buzai232 Jan 15 '23, 09:01PM · Tags: china finance news
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