User blogs

David Fong made his way from a poor village in central China to the southern boomtown of Shenzhen as a young man in 1997. Over the next 25 years he worked for a succession of overseas manufacturers before building his own multi-million dollar business making everything from schoolbags to toothbrushes.To get more latest china business news, you can visit shine news official website.

Now 47, he has plans to branch out internationally by building internet-connected consumer devices. But after two years of coronavirus lockdowns that have pushed up the price of shipping and battered consumers' confidence, he worries if his business will survive at all.I hope we make it through the year," said Fong, surrounded by talking bears, machine parts and his company's catalogues in his top-floor office overlooking gleaming towers in an area of Shenzhen once filled with sprawling factories. "It's a tough moment for a business."

Fong's story of rags to riches, now threatened by a wider slowdown worsened by the coronavirus, mirrors that of his adopted city.Created in 1979 in the first wave of China's economic reforms, which allowed private enterprise to play a role in the state-controlled system, Shenzhen transformed itself from a collection of agricultural villages into a major world port that is home to some of China's leading technology, finance, real estate and manufacturing companies.

For the last four decades, the city posted at least 20% annual economic growth. As recently as October, forecasting firm Oxford Economics predicted that Shenzhen would be the world's fastest-growing city between 2020 and 2022.But it has since lost that crown to San Jose in California's Silicon Valley. Shenzhen posted overall economic growth of only 2% in the first quarter of this year, the lowest-ever figure for the city, aside from the first quarter of 2020 when the first wave of coronavirus infections brought the country to a standstill.

Shenzhen remains China's biggest goods exporter, but its overseas shipments fell nearly 14% in March, hampered by a COVID lockdown that caused bottlenecks at its port.

The city has long been seen as among the best and most dynamic places for business in China and a triumph of the country's economic reforms. President Xi Jinping called it the 'miracle' city when he visited in 2019.

If Shenzhen is in trouble, that is a warning sign for the world's second-largest economy. The city is "the canary in the mine shaft," said Richard Holt, director of global cities research at Oxford Economics, adding that his team is keeping a close eye on Shenzhen.

Fong, who sells his goods mostly to domestic customers, said sales are down about 40% from 20 million yuan ($3 million) in 2020, hurt by the recent two-month lockdown in Shanghai and a general decline in consumer confidence. China's strict travel rules mean he has not been able to visit Europe to try to expand there.Shenzhen, now a city of some 18 million people, has been hit by a succession of blows from inside and outside the country.

Shenzhen-based telecom equipment makers Huawei Technologies and ZTE Corp (000063.SZ) were placed on U.S. trade blacklists over alleged security concerns and illegally shipping U.S. technology to Iran respectively. Huawei denies wrongdoing, while ZTE exited probation in March five years after pleading guilty.

Another of the city's major companies, top-selling property developer China Evergrande, sparked fears of a collapse last year under its heavy debts that would have wreaked havoc with China's financial system. Down the road, Ping An Insurance Group Co, China's largest insurer, took big losses on property-related investments.

Even smaller firms have suffered. last year cracked down on how sellers do business on the platform, impacting more than 50,000 e-commerce traders, many based in the city, the Shenzhen Cross-border E-commerce Association said.

On top of that, Shenzhen was locked down for a week in March to prevent the spread of the coronavirus. That lockdown, and those in other Chinese cities, depressed domestic demand for goods made in Shenzhen. The city's 2% growth in the first quarter was less than half of China's overall 4.8% growth rate.

Business registrations also fell by almost a third in that time. City authorities are sticking to their 6% growth target for this year, set in April, but the slowdown has sparked alarm in China's establishment.

"Shenzhen's economy is faltering, leaning back, and sluggish, while some are doubting if Shenzhen has enough momentum," Song Ding, a director at the state-linked think tank China Development Institute, wrote in a May essay.

Charleston’s newest karaoke star is born each night

Hanging around a crowded bar is one way to meet a few friends, but that same bar on karaoke night is something else — there’s just something about singing the first few bars of a song that quickly creates a bond, even between strangers. Karaoke nights are coming back all over Charleston, so it’s time again to pick your favorite spot and familiar tune and wait for your cue. To get more news about Karaoke CBD Melbourne, you can visit starsktv.com.au official website.

Tucked into the tiny barroom above Gilroy’s on King Street, Bangkok Lounge is downtown Charleston’s go-to karaoke bar — and with karaoke seven nights a week, there’s no shortage of entertainment.

“Usually, something hilarious happens every night,” said bartender and musician Walker Trull, who hosts country night on Wednesdays. “We have been collecting these paper slips that are absurd as far as song names and artist pairings that people [incorrectly] write down. Someone wanted to sing “Dancing Queen” by Usher — I don’t know how they landed on that. We are saving the slips up for a collage we are going to put in the place.”

Bangkok Lounge has revolving nightly themes, whether it’s through-the-decades Sundays, rock ’n’ roll Tuesdays or wild card Fridays, when fellow host/bartender/musician Rebekah Riley snaps people with a pink riding crop when they get out of line.
The bar’s karaoke championship has been going this summer, with the final round taking place Wednesday, when finalists will compete for the belt and “a glorious reputation” said Riley, who also hosts hip-hop Thursdays.

“One of the best parts about it to me is the look of validation on people’s faces,” Riley said. “You’re dealing with people who don’t get applause in real life. They get their nerve up to sing, and everybody cheers for them. It’s giving people their moment who normally don’t get the spotlight on them.”Karaoke finalist Abigail Fitzpatrick is a Pittsburgh transplant with an affinity for dive bars. She ended up enamored with Bangkok’s welcoming atmosphere as she sang there more consistently.

“There’s no judgment there,” she said. “Nobody even bats an eye if someone gets up and butchers a song. Everyone is there to have a good time. Recently I met two girls there, and they’ve ended up becoming my closest friends in Charleston.”

“Singing with someone helps with the nerves and with moral support,” Fitzpatrick added. “My mom always said when it comes to karaoke, ‘You’ll never be the worst person there.’ It’s hard to be the best, but it’s hard to be the worst.”

William Covington has been hosting karaoke for over 10 years as DJ Wild Bill. “It just gets better and better each year,” he said. “You have your normal crowd that’s been singing since the ’70s — when karaoke came out — and now, the younger crowd is taking over. We have digital apps to sign up with, so now it’s a young man’s game. Technology is advancing how people get up and sing.”Some of Covington’s first gigs as a host were at California Dreaming and Wet Willie’s, and he’s been hooked ever since. Nowadays, you can catch him at Burns Alley, Uptown Social and Tin Roof. He’s also aiming to host at additional locations, like Sultan’s Restaurant & Lounge on King Street.

“When people get up there and become entertainers and get the crowd going, those are the most memorable nights,” Covington said. “We had one guy who was not the best singer in the world, but he was an entertainer. Even if he couldn’t carry a tune, he could carry a crowd.”

Application and outlook of topical hemostatic materials

Department of General Surgery, Chinese PLA Hospital & Chinese PLA Medical School, Beijing, China; 2School of Medicine, Nankai University, Tianjin, China; 3State Key Laboratory of Agrobiotechnology, College of Biological Sciences, China Agricultural University, Beijing, China; 4Department of General Surgery, Chinese People’s Liberation Army General Hospital, Beijing, China.To get more news about Bleeding Control Products, you can visit rusunmedical.com official website.

Contributions: (I) Conception and design: X Li, X Li; (II) Administrative support: X Li; (III) Provision of study materials or patients: X Li; (IV) Collection and assembly of data: All authors; (V) Data analysis and interpretation: All authors; (VI) Manuscript writing: All authors; (VII) Final approval of manuscript: All authors.

Abstract: Bleeding complications can cause significant morbidities and mortalities in both civilian and military conditions. The formation of stable blood clots or hemostasis is essential to prevent major blood loss and death from excessive bleeding. However, the body's self-coagulation process cannot accomplish timely hemostasis without the assistance of hemostatic agents under some conditions. In the past two decades, topical hemostatic materials and devices containing platelets, fibrin, and polysaccharides have been gradually developed and introduced to induce faster or more stable blood clot formation, updating or iterating traditional hemostatic materials. Despite the various forms and functions of topical hemostatic materials that have been developed for different clinical conditions, uncontrolled hemorrhage still causes over 30% of trauma deaths across the world. Therefore, it is important to fabricate fast, efficient, safe, and ready-to-use novel hemostatic materials. It is necessary to understand the coagulation process and the hemostatic mechanism of different materials to develop novel topical hemostatic agents, such as tissue adhesives and sealants from various natural and synthetic materials. This review discusses the structural features of topical hemostatic materials related to the stimulation of hemostasis, summarizes the commercially available products and their applications, and reviews the ongoing clinical trials and recent studies concerning the development of different hemostatic materials.

What's in an Army first aid kit?

While the media focus on "smart bombs" and remote-controlled drones, the ravages of war are still a harrowing reality for U.S. Army soldiers. In Afghanistan, Iraq and other global hot spots, frontline soldiers face life-threatening injuries. But until the turn of the century, soldiers were barely equipped to deal with their wounds.To get more news about Military Hemostasis, you can visit rusunsafety.com official website.

"While we have made tremendous advances in modern medicine, we have not figured out how to keep people from being killed in combat," wrote retired Lt. Col. Donald Parsons in a 2004 issue of Infantry magazine.

Roughly 90 percent of soldiers killed in ground combat die before reaching medical facilities. Parsons, who served 30 years as an Army Special Forces medic and physician's assistant, and now works in the Army's Department of Combat Medic Training, says many deaths can be prevented through improved training and first aid gear.

The three leading causes of preventable battlefield death are blood loss from extremity wounds, collapsed lungs and obstructed airways. The Army's Improved First Aid Kit, or IFAK, is designed to address those immediate needs.

Developed since the Sept. 11, 2001, terrorist attacks, IFAKs are issued to every combat soldier. More streamlined than a full Army medic kit, the individual IFAK is a lightweight collection of supplies designed to limit many combat injuries that can often be applied by the injured solider.

"What soldiers used to carry was just a pressure dressing," said Major Kenneth Koyle, deputy chief of the Army Medical Department's Center of History and Heritage at Fort Sam Houston, Texas. "So if you got shot, you had one course of action, and that was to tie a bandage around it. That was the case up until shortly after 9/11. Then the IFAK came out. The kits have definitely evolved."

Today's Army IFAK weighs less than a pound (0.45 kilogram) and features a one-handed tourniquet (enabling self-application), a nasopharyngeal airway tube, elastic emergency trauma bandages (or "Israeli pressure dressing"), hemostatic combat gauze, adhesive tape and surgical gloves. All items are contained in a compact, folding kit that slides into a water-repellent pouch.

The Army IFAK shouldn't be confused with similarly named first aid kits from other branches of the armed services. The Marine IFAK is much more comprehensive, with a larger array of adhesive and compression bandages, burn dressing, iodine solution, antibiotic ointment, water-purification tablets and "quikclot" packets.

NiaWigs Announces Back-to-School Discounts for Premium Range of Human Hair Wigs

NiaWigs is a reputable brand offering an extensive range of beautiful human hair machine wigs in a variety of styles. Established in 2009, this wig brand is committed to delivering luscious, durable, and affordable lace front human hair wigs. With head-turning designs and high-quality products, NiaWigs is set to become a frontrunner in the lace wig industry. The brand ships throughout North America and several countries in Europe and the rest of the world.To get more news about human hair wigs, you can visit monavirginhair.com official website.

Being one of the best suppliers of wigs, NiaWigs is pleased to announce a premium range of human hair wigs that will help customers look fabulous for every occasion. These finest quality weaves made with human hair are available at affordable prices. That's because wigs are sold directly from the factory to the customers without any middlemen. NiaWigs is dedicated to supplying gorgeous wigs at the best prices without compromising the quality.
For customers new to wigs, they can change up their hairstyle with NiaWig's beginner-friendly and ready-to-wear range. These natural-looking and soft skin base wigs are made from 100% human hair. In addition to making hair look lustrous, skin base wigs are also light and comfortable to wear. Customers can get these wigs in several colors, such as light brown, medium, and dark brown, exclusively designed to flawlessly blend with their skin tone. Avail of a 10% discount on skin base wigs with code: SUMMER.

Many people prefer human hair wigs by NiaWigs, as these versatile weaves can be easily colored and styled. Human hair weaves also look quite similar to people's natural hair. Additionally, these wigs are a lot more long-lasting than other options. NiaWigs stocks wigs with 130%, 150%, and 180% density. For any other density, customers can request a custom-made product. Shoppers can use the Cap Size button on NiaWig's website to find a suitable wig size or length.

The 5 Major Differences: Electric Bikes vs Motorcycles

Nowadays, with the fast growth of electric bikes, it's quite common that people compare electric bikes and motorcycles. It's actually understandable because they have too many similar areas like function and appearance. There are powered bikes that are often used for commuting and whizzing around cities as well as motorcycles. If you own a motorbike already, is it worth investing in an electric bike? In this article, we are going to discuss the major differences between electric bikes and motorcycles in a range of areas.To get more news about bike trails san jose, you can visit magicyclebike.com official website.

Before we start, it's necessary to indicate the key difference between electric bikes and motorcycles: the way you ride them. With electric bikes, you pedal just like a traditional pushbike, and then the electric motor provides you with assistance. With motorcycles, there's no pedaling involved, and all movement is controlled by the throttle. However, the differences don't end there.To get more news about ebike for sale, you can visit magicyclebike.com official website.

1. Legal requirements
Electric bikes and motorcycles are treated very differently in the aspect of the law. Motorcycles, whether electric or petrol, are liable for road tax, insurance, and must be registered with the DMV. Motorcycle riders must have a driver's license to be able to legally drive the vehicle. With electric bikes, no such restrictions apply so far. You do not need a driver’s license, the bike doesn’t need to be registered or insured, and you don't need to pay any tax. In the eyes of the law, electric bikes are generally treated the same as traditional pedal bikes.To get more news about electric bike, you can visit magicyclebike.com official website.

The clothing riders must wear differs between motorcycles and electric bikes too. Motorcycle riders are required by law to wear a crash helmet at all times, and it's advisable to wear more protective clothing. The higher speeds that motorcycles are capable of come with a higher risk of injury. When riding electric bikes, you do not need to wear a crash helmet (although wearing a helmet of some kind is strongly advised). You also don't need to carry around cumbersome motorcycle outfits. Electric bikes give you the freedom to wear whatever you want, within reason.
2. Speed
It should come as no surprise, but electric bikes cannot compete with motorcycles (electric or petrol) when it comes to speed. The primary factor is regulation that limits the speed at which electric bikes will provide the rider with assistance: electric bikes are required by law to stop providing power when the bike reaches a speed of 28mph.

Motorcycles, on the other hand, do not face such limitations and are legally allowed to reach much higher speeds. If you're a speed demon, then a motorcycle, either electric or petrol, may be best for you. However, as you'll see in the next section, being able to travel faster doesn't necessarily mean you'll reach your destination sooner.

3. Commuting
Electric bikes make for a perfect commuter vehicle. They're light, fast, reliable, and not subject to train delays!

In a city, the added speed capabilities of a motorcycle are irrelevant because of rush hour traffic and traffic lights. Electric bikes share the advantage that motorcycles have over cars in that they're able to sidle down the side of traffic. However, electric bikes have the added benefit of being able to use them in cycle lanes and in certain parks around cities. You have more travel options with an electric bike. Motorcycles are restricted to roads. Therefore, in reality, the faster vehicle isn't necessarily the fastest method of commuting.
4. Maintenance
Electric bikes come with far fewer maintenance needs than traditional motorcycles. There's no oil or cooling system to take care of, and there are fewer parts overall, meaning there's less to maintain. Additionally, running costs are minimal in comparison to petrol and electric motorcycles. You don't need to buy any fuel, and you don't need to charge the bike either. Electric bikes are ready to use at all times - there's no preparation or forethought needed. When the mood takes you, you can hop on and be on your way!

5. Exercise
By virtue of needing to pedal in order to move, electric bikes are far better from an exercise perspective. Of course, electric bikes offer a huge amount of assistance to the rider, which makes them so enjoyable and accessible, but there's still an element of rider input beyond twisting a throttle. For people who find traditional cycling very taxing – especially in a city – electric bikes offer an accessible form of exercise that motorcycles simply can't.

Is Wearing Helmet Mandatory When Riding E-Bikes

Some ebike riders wear helmets when they are riding and some do not. But have you ever considered if wearing a helmet is regulated by the federal and state governments? This essay may exceed your knowledge.To get more news about rear bike bag, you can visit magicyclebike.com official website.

More than 25 states and D.C. have some sort of helmet requirement for e-bike riders and passengers. These often apply to riders under a certain age.To get more news about volt electric bike, you can visit magicyclebike.com official website.

- Connecticut has the strictest requirement, requiring operators and passengers for all classes of e-bikes to wear protective headgear. To get more news about how much does an electric bike cost, you can visit magicyclebike.com official website.

- Florida, Maine and Maryland require any e-bike operator or passenger under 16 years of age to wear a helmet, while New Jersey requires every e-bike operator or passenger under 17 to wear a helmet and New York requires any e-bike operator or passenger under 14 to wear a helmet. Moreover, Delaware requires any e-bike operator or passenger under 18 to wear a helmet.

- California, Georgia, Louisiana, New York, Ohio, Tennessee, Virginia and West Virginia require the operator and all passengers of class three electric bicycles, regardless of age, to wear protective headgear.

- Arkansas requires operators and passengers of a class three e-bike under age 21 to wear protective headgear.

- Colorado, Indiana, Michigan, New Hampshire, South Dakota and Utah require helmets for those under age 18 operating or riding on a class three e-bike. Additionally, in South Dakota, any passenger on a class three e-bike, regardless of age, must wear a helmet.

- Twenty-two states and D.C. have helmet laws that apply to all bicyclists, including e-bike riders, under a certain age, ranging from under 12 to 18 years of age.

- Alabama, Connecticut, Florida, Georgia, Hawaii, Kansas, Maine, Maryland, Massachusetts, New Hampshire, North Carolina, Oregon, Rhode Island, Tennessee and D.C. require riders under age 16 to wear a helmet.In New Jersey, riders under 17 must wear a helmet. In West Virginia, riders under 15 must wear a helmet and, in New York, riders under 14 must wear a helmet. In Louisiana and Pennsylvania, riders under 12 must wear a helmet.

However, there are still quite many states that don't have specific regulations about wearing helmets and also many argue that helmets are useless when accidents cannot be avoided. But for your personal safety, we do recommend you to wear helmets wherever you are. Obviously, better than nothing.

Global Robotics Services(GRS) opens the RaaS era of logistics automation

Recently, China Logistics and Purchasing magazine interviewed Hongming Chen, Senior Vice President of GLP China and CEO of Global Robotics Services(GRS), to introduce how to launch an integrated solution of intelligent warehousing and sorting RaaS based on the industry's pain points and demand, to reduce the investment risk of automation assets for customers, improve efficiency in all aspects, and help to improve the automation penetration rate of the logistics industry.To get more news about Global Robotics Services, you can visit glprobotics.com official website.

According to incomplete statistics, the automation penetration rate of the domestic logistics industry is less than 10%. Compared with the manufacturing industry, the automation penetration rate of the domestic logistics industry is low. " Hongming Chen , senior vice president of GLP China and CEO of Global Robotics Services, said in an interview with China Logistics and Purchasing magazine that the biggest obstacle lies in the contradiction between the uncertainty of the logistics industry itself and the long-term asset investment in automation.

Hongming Chen further said that 696 million parcels on the "double 11" day in 2021 were more than twice the average daily business volume in the first 10 months. At the same time, looking at the field of third-party logistics, the contract duration has been shortened from an average of 3-4 years to 1-2 years in recent years, which increases the risk of enterprises purchasing asset-heavy automation equipment.

Based on this pain point, GLP innovated its automation asset business model, created an integrated solution of intelligent warehousing and sorting RaaS (Robotics as a Service), and found a correct "open way" to improve the automation penetration of the logistics industry.
1、Flexible deployment to reduce the risk of automation asset investment.

In recent years, intelligent warehousing robot has become the mainstream development trend of intelligent logistics because of its outstanding advantages of flexible automation and efficient productivity.

In Hongming Chen's view, the disappearance of demographic dividend and the rise of labor costs are the basic premise of the trend of the logistics industry from labor-intensive to technology-intensive. On this basis, the logistics industry is also faced with some new features in the process of intelligent transformation, such as the shortening of the contract period of three-party logistics, live e-commerce and other new business type needs logistics enterprises to have small batch, high-frequency, high-intensity logistics service capabilities, which further increases the uncertainty of the logistics industry.
Generally speaking, in RaaS mode, customers hire robots just like employees, lease instead of purchase, and pay for the number of units processed or orders. Compared with direct purchase, enterprises can easily benefit from warehousing robot technology, directly using intelligent and efficient storage, sorting, sorting, packaging and other services.

"one of the characteristics of the logistics industry is that the off-peak season is very obvious. Take 'double 11' as an example, the business volume of some enterprises has even reached 5-10 times the average daily business volume. " Hongming Chen told China Logistics and Purchasing magazine, "the RaaS model solves the pain points of automation investment, such as high payment costs, high trial and error costs, high maintenance costs and high exit costs, and avoids holding heavy assets such as automation equipment for a long time, while still flexibly and quickly responding to market demand and easily dealing with short-term peak challenges."

Hongming Chen further said that customers can increase or decrease the demand for robots according to the peaks and troughs of orders, flexibly adjust the warehousing and sorting capacity of operations, and greatly reduce the intensity of customer capital investment. "take a brand that ranked among the top three in Tmall's' double 11 'sales in 2021 as an example, if you purchase automation equipment according to the peak volume of business, you need to invest 3,000-50 million yuan at one time; if you invest 10 million yuan according to the average daily business volume, you need to invest 10 million yuan."
2、To create industry solutions to improve efficiency in all aspects.

Not only that, from the customer's point of view, the advantage of the integrated storage and sorting RaaS solution not only lies in the reduction of investment intensity, but also greatly improves the customer's human efficiency, efficiency and efficiency. 　　In terms of human efficiency, RaaS can not only avoid the risk of delayed delivery caused by insufficient production capacity, but also reduce the unnecessary costs caused by over-recruitment. In 2021, the aforementioned brand will employ only 900 workers in warehousing, down more than 75 per cent from 4000 in 2020.
3、Based on their own advantages, continue to polish products.

As a matter of fact, intelligent warehousing products are not uncommon in the domestic market. Based on this, GRS has created an automated assets business model and launched a warehousing and sorting RaaS solution that has been recognized by customers in a short period of time, mainly for the following reasons:

First, GLP's logistics infrastructure resources and customer resources accelerate the layout and promotion of GRS's warehouse sorting RaaS solution in GLP's ecological scene. Moreover, RaaS and GLP's logistics and warehousing services can be integrated to provide customers with value-added services, such as the previously mentioned "warehouse + RaaS" integrated solution.

"This is the unique advantage of GRS as a member enterprise of GLP." Hongming Chen stressed, "GRS's RaaS solution is rooted in the logistics infrastructure of more than 47 million square meters of GLP's more than 400 logistics parks in China, as well as the industrial ecology built accordingly. This enables GRS to have a large number of potential customer resources and to optimize the allocation of resources in the ecosystem created by GLP. At the same time, as an automated logistics asset, I believe it can also attract more investors in the future. "

5 top electronic door locks for your home in 2021

Always misplacing your keys? With electronic locks more commonly available on the market today, all you’ll need is either your fingerprint or a password for access. We’ve rounded up five of our top picks for the best smart locks you can buy this year.To get more news about bluetooth fingerprint door lock, you can visit securamsys.com official website.

The Singgate FM109 is a great gate lock, designed for your metal gate instead of the wooden front door. In place of the common gate security box, the FM109 acts as both the lock and the gate handle.

This option may be among the cheapest on the list (approximately 13 per cent less costly than the average electronic lock), but it holds up next to its competitors with three unlocking methods and a unique emergency USB charging feature that allows you to plug in your phone charger in the case you’re locked outside with a dying battery.

The Kaiser+ M-1190 is a rim lock that can be used on your home door. It acts as a deadbolt (often used as a secondary lock), but is popularly used as a primary electronic home lock, as well.

The M-1190 has three options for unlocking, including fingerprint recognition, a RFID card key, and pincode access. You also have the option of connecting to WiFi with this lock at an extra cost of $100.If you are in need of a simple electronic lock that shares many features with more expensive locks, then the Kaiser+ M-1190 is a good option to consider for your home security needs.

The Yale YDR3110 is a rim lock that may be without the bells and whistles of a Wi-Fi enabled lock, yet serves the same purpose of protecting your home. This lock checks basic features off its list like alarms, fake codes, and automatic locking.

It even includes more high-end features like the 9V battery backup feature for emergency power supply. If you don’t mind only two options for unlocking your door (a passcode and card key), then the Yale YDR3110 is a good budget lock to have to protect your home.

Samsung has many popular digital locks for consideration, but the SHP-DR708 stands out with its popularity and top-rated reviews. This WiFi-enabled door lock has five unlocking methods, which makes it one of the most versatile locks on this list. Additionally, the lock has an ergonomic push-pull design, allowing a gentle push of the handle, as opposed to turning a free handle.

With the use of a smartphone app, this door lock is able to create access logs to view who enters your home throughout the day; assist your installation with voice guides; and alert you of any suspicious movement, intrusions, and high temperatures indicating a fire.

Lastly, the Samsung SHP-DR708 comes with a 9V battery backup feature for emergency power supply, as well as manual button lock which lets you unlock your door from the inside. Even though this lock is the most expensive on the list (approximately 60per cent costlier than our calculated average), it’s one of the most comprehensive with its large catalog of safety-driven features.The Starke Universal Lock is a free handle smart door lock with five options for access: A card key, passcode, mechanical key, fingerprint recognition, and a mobile app. At $559.00 from the original retailer site, the Universal Lock checks off every feature on the digital lock list, without straying too far from the average price of digital lock ($420.59).

While the local company’s lock rivals Samsung’s digital lock with its diverse features and lower costs, the Starke Universal Lock standout features are its versatility for placement and battery life.

The Universal Lock can be used on all HDB, condominium, and private estate doors in Singapore, which other locks we reviewed are either unable to do or did not make mention of. Similarly, the Universal Lock has a battery life of 1 year, as it doesn’t rely on AA or 9V batteries like others on this list.

If you want a high-end smart door lock without nearing or exceeding S$1,000, then the Starke Universal lock is the top choice to consider.

China Automotive Finance Industry Report 2022-2030

Auto finance is lucrative with the highest profit margin in the international automobile industry chain, contributing to roughly 23% of the global automobile industry profits. Yet, auto finance only has the profit margin of 13% in China. Besides a strong driver for the development of automotive market, auto finance serves as a main source of profits for large automobile groups.To get more China business news, you can visit shine news official website.

In a well-established automotive market, profits come mostly from the aftermarket, but China's automobile industry still pivots on the upstream of the industrial chain as concerns profitability, will avert its focus, however, from the upstream auto production and marketing to the aftermarket where diversified services will enjoy great opportunities in future.
With the changes in consumer attitudes and a multitude of the emerging consumption patterns, the penetration rate of auto finance in China shows an uptrend in recent years, hitting about 52% in 2021, still far behind that of developed countries. Amid the growing mature auto finance and the improving credit system in China, there are huge potentials in auto finance industry of China, with penetration to rise considerably.

In 2021, the cumulative issuance of auto loan ABS swelled 35.8% year on year to RMB263.51 billion, setting a new record in the interbank bond market. The issuance in the first three quarters was almost the same in scale, while it set an all-time record for a single season, namely RMB 82.9 billion, in the fourth quarter. In 2021, a total of 20 initiators participated in ABS, and they were enthusiastic enough to have more issuance, even a single initiator launched 5 ABS products.

The above data shows that the auto loan ABS in the interbank bond market has fully recovered from the impact of the pandemic, and investors' acceptance of it has been further improved. In a comparatively loose financing environment, the issuance of auto loan ABS in 2022 is expected to sustain the bullish trend in 2021.
As of end-2021, a total of 25 auto finance companies had been approved for establishment. Backed by automakers, auto finance companies are advantageous in the auto industry chain and developing apace in recent years with rich channel resources. Based on public data, the total assets of auto finance companies nationwide are on a rapid rise over the recent years, with an average growth rate of 19.05% between 2016 and 2020, and registering RMB977.48 billion at the end of 2020.

Auto sales was seriously devastated at the outbreak of COVID-19 in the first quarter of 2020, and has rebounded steadily since then with China's strong control on the pandemic.

As for retailing, auto finance companies actively cooperate with OEMs to carry out promotions, and drive auto sales by enriching loan products, digitizing procedures, lowering loan thresholds, and easing the burden to car buyers. On the supply chain side, auto finance companies offer stable financial support to dealers; especially during the COVID-19 in 2020, they eased the burden on dealers by intentionally extending the repayment term and slashing loan interests and fees in response to the shortage of funds for some dealers.

This move stabilizes the marketing system of OEMs. As of the end of 2020, the retail loan balance of auto finance companies in China had been RMB782.016 billion, up 8.71% year on year; the inventory wholesale loan balance had edged down 3.15% year-on-year to RMB104.652 billion.