according to Samsung.

[DMT]

BEIJING， Sept. 26 (Xinhua) -- The supply-demand mismatch in China's coal industry has not seen a substantial change despite prices rebounding this year， an industry association said.


"There are still many uncertainties in the coal market， and we should not be blindly optimistic，" Wang Xianzheng， head of the China National Coal Association said.


The cautious tone came as coal prices have risen in recent months amid a government campaign to cut ineffective production. The price increase has seen some local governments and companies wavering in their efforts to cut capacity.


The Bohai-Rim Steam-Coal Price Index， a benchmark index， stood at 554 yuan (83 U.S. dollars) per tonne by September 21， a price increase of 49.3 percent since the beginning of the year.


At a press conference last Friday， an official from the National Development and Reform Commission (NDRC) attributed the price rise to increasing coal consumption， a crackdown on illegal production， as well as transport and logistics problems.


But with coal demand set to retreat amid government efforts to consume cleaner energy， the struggles in the industry will continue， Wang said.


By the end of July， China's major coal producers had 3.66 trillion yuan of debts， up 4.7 percent year on year.


To reassure the market， the NDRC said China has plenty of policy tools to stabilize rapidly rising coal prices. If prices rises continue， the government will take steps to increase supply， while ensuring capacity-cutting efforts are not weakened， the NDRC said


China is the world's largest consumer of coal. The industry has long been plagued by overcapacity and has felt the pinch more over the past two years as the economy cooled and demand fell.


During the first eight months of the year， China's coal output fell 10.2 percent year on year to 2.18 billion tonnes. But official data also shows that as of the end of July， China had only achieved 38 percent of its coal cutting targets.


China plans to cut coal capacity by half a billion tonnes in the next few years， with vast funds set aside to help displaced workers.


This year， the government aims to cut coal capacity by 250 million tonnes.


NANNING puma creepers velvet australia , China, Oct. 11 (Xinhua) -- Hungary's Krisztian Berki topped the men's pommel horse final with 16.033 points on Saturday during the world gymnastics championships.


The 2012 Olympic champion on pommel horse earned high marks in both difficulty and execution.


Croatia's 2008 Olympic silver medalist Filip Ude came second with 15.783 points, while France's Cyril Tommasone, second in the 2011 worlds puma creepers blue australia , was third with 15.600.


Defending champion Kohei Kameyama from Japan failed to advance to the final.

Photo: CFP

South Korea-based smartphone manufacturing giant Samsung Electronics on Tuesday launched its mobile payment service, known as Samsung Pay, in the Chinese mainland, joining the fierce competition in the promising mobile payment segment in the world's biggest smartphone market.


The move was jointly announced by Samsung and its Chinese partner puma creepers green australia , China UnionPay, the only interbank network in the nation, which links the ATMs of all banks throughout the mainland.


As a result of the move, 15 banks puma creepers purple australia , including Industrial and Commercial Bank of China and China Construction Bank, can connect their credit or debit cards to Samsung Pay.


Other banks such as Bank of Communications and Industrial Bank will soon follow suit, according to a note Samsung sent to the Global Times on Tuesday.


Samsung Pay is supported by Samsung's Galaxy S7, Galaxy S7 edge puma creepers grey australia , Galaxy S6 edge-plus and Galaxy Note5 models only on licensed Samsung mobile phones, the company said.


This official launch in the mainland comes after Samsung Pay's month-long public testing began on February 24.


The company launched its mobile payment service in South Korea and the US in 2015.


Samsung's march into China's mobile payment market follows moves by US smartphone giant Apple Inc and its Chinese rival Huawei Technologies Co.


Apple Pay became available in China from February 18 in partnership with 19 banks. Huawei announced on March 8 it would allow Bank of China's cardholders to use Huawei Pay.


Samsung Pay will have wider applications than its competitors, media reports said.


Samsung Pay can be used in almost all point-of-sale (POS) machines thanks to its support of both the wireless technology known as near-field communication (NFC) and magnetic secure transmission (MST), a technology that emits a magnetic signal that mimics the magnetic strip on a traditional payment card puma creepers brown australia , according to Samsung.


Apple Pay and Huawei Pay can only be used on POS terminals that support NFC, tech.sina reported on Tuesday.


Huawei told the Global Times on Tuesday that it sees NFC payment as a safer payment method that can't easily be duplicated as magnetic strip payments can. The company also said about 7 million POS machines in China now support NFC technology and the number is still rising.


"The large number of smartphone users in China and the convenience of mobile payments make China a hugely profitable market for companies like Samsung, Apple and Huawei," said Hao Zhujing puma creepers red australia , an industry analyst with EnfoDesk, a big data analysis consultancy unit of domestic information provider Analysys International.


As of 2015, 470 million smartphones were in use in China, surging from 121 million units in 2011 puma creepers black australia , according to domestic tech website tmtpost.


And 358 million Chinese had paid for goods via their smartphones as of the end of 2015, up 64.5 percent year-on-year, according to a report issued by the China Internet Network Information Center on January 22.


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