UNLEASHING ENORMOUS POTENTIAL

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JOHANNESBURG Ian Kinsler Youth Jersey , Aug. 11 (Xinhua) -- The Johannesburg StockExchange (JSE) closed lower for the second consecutive tradingsessions on Friday, in line with the global jittery as conflictbetween North Korea and the United States escalates.


The all-share index declined 1.98 percent to 55155.13 points, asindustrial 25 and resource 20 indices dropped 1.41 percent and 1.55percent, respectively.


The blue-chip top 40 lost 1.09 percent. Gold miners gained 0.69percent as markets rallied from low base levels.


Among stocks on the JSE, Naspers was off 2.83 percent toR2764.53 and Imperial Holdings dropped 1.84 percent to R182.72.


BHP was off 2.56 percent to R2328. Anglo American lost 3.04percent to R214.81 and Glencore lost 2.55 percent to R56.1.


Kumba shed 3.93 percent to R196.01, Exxaro Resources lost 3.27percent to R110.30 and Lonmin dropped 3.09 percent to R14.74.


AngloGold Ashanti rose 0.28 percent to R130.39, and Harmony Goldgained 3.03 percent to R24.45.


Construction stocks were under the whip Denny Mclain Youth Jersey , with PPC down 4.67percent to R3.76 and Group-5 lost 4.44 percent to R14.86.Enditem


BEIJING, Aug. 13 (Xinhua) -- Last week, Chinese bike-sharing giant Mobike announced the launch of its service in London, while its rival Ofo made similar moves in Thailand and Malaysia and on Wednesday said it would enter Japan, the latest in a series of overseas markets by the duo since the start of this year.


China's sharing economy is booming. Not only is it growing rapidly across the country, but it continues to cast an increasingly larger influence on the global economy by spreading its innovations around the world.


EXPANDING OVERSEAS MARKETS


In March, Ofo and Mobike landed in Singapore Daniel Norris Youth Jersey , their first overseas market. In less than half a year, Mobike's orange bikes have spread to Manchester and Salford in Britain, Fukuoka and Sapporo in Japan, Milan and Florence in Italy, among others. Meanwhile, Ofo's yellow bikes are exploring new overseas markets and are expected to land on the shores of 20 countries and regions by the end of 2017.


"This shows that not only China has a need for bike-sharing, it's something the whole world could do together Anthony Gose Youth Jersey ," Chris Martin, Mobike's vice-president and head for overseas expansion, told Xinhua last week.


Martin noted that a combination of creativity, science and technology, as well as design is what makes Mobike attractive in overseas markets.


From Asia to Europe, the Chinese operator has made changes to its scheme, taking specific regulations and customers' preferences into account. For instance Anibal Sanchez Youth Jersey , the bikes in London are all equipped with a forehead light.


In the meantime, China's leading ride-sharing firm Didi Chuxing has nailed down cooperation in Southeast Asia. In late July, the area's leading on-demand transportation and mobile payments platform Grab announced Didi and Japan's SoftBank Group Corp will invest up to two billion U.S. dollars in the company.


Didi's founder and CEO Cheng Wei said by deepening strategic partnership, Didi and Grab reaffirm their shared commitment to innovating localized solutions to global urban development challenges from the world's fastest growing marketplaces.


Actually, Didi has invested in the world's five major transportation platforms, according to Cheng, who also noted that the Chinese firm hopes to export its achievements and experience in product innovation and technology development to overseas markets.


On the technical front Alan Trammell Youth Jersey , Mobike has already successfully impressed overseas users. The bikes, with their airless tires and dockless, cashless approach are efficient, convenient and "fun to ride," as Helen Pidd from the Guardian shared in her review after riding in Manchester early July.


The "orange and silver" wind, referring to the colors of the bike, has came as exciting news for local governments Al Kaline Youth Jersey , which hope to improve their urban environments by encouraging greener transportation, and are actively seeking Mobike's help in developing smart cities.


Rafael Cuesta, head of innovation at Transport for Greater Manchester, told Xinhua that Manchester's needs and Mobike's bike-sharing innovation were a good fit.


Schemes like those running in London and Paris, which use on-street docking stations, are often expensive and time-consuming for installment and maintenance.


"So I think the advantage is that they (Mobike) are very customer-focused and are bringing solutions that at a European level did not exist before," Cuesta said.


One of the innovations about which excites Cuesta and attracted Manchester to the Mobike proposal was the depth and quality of data which it collects from its bikes Willie Horton Womens Jersey , which will help local governments plan future cycling infrastructure and traffic layout in the long run.


In addition, the overseas expansion of companies such as Didi and Mobike would also drive the global application and popularization of relative Chinese business models developed under a mature mobile payment environment, said Gu Dasong, an expert on sharing transportation from Nanjing-based Southeast University.


UNLEASHING ENORMOUS POTENTIAL


China's sharing economy now covers a wide range, from the shared use of bikes, vehicles, umbrellas Victor Martinez Womens Jersey , to living spaces and working spaces, and even knowledge, skills and labor.


A recent report from the State Information Center showed that about 600 million Chinese were involved in sharing of some kind in 2016, which is almost half the country's population.


The trading volume of the country's sharing economy more than doubled year on year to 3.45 trillion yuan (some 510 billion U.S. dollars) last year, the report said.


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