Daily Archives: April 21, 2018

Newater Technology, Inc. Announces Plans and Partial Completion of New Manufacturing Facility in Yantai, China.

YANTAI, CHINA / ACCESSWIRE / April 20, 2018 / Newater Technology, Inc. (NASDAQ: NEWA) (“NEWA”, “we”, “our” or the “Company”), a developer and manufacturer of membrane filtration products and related hardware and engineered systems that are used in the treatment, recycling and discharge of wastewater, through its wholly owned subsidiary in China, Yantai Jinzheng Eco-Technology Co. Ltd. (“Jinzheng”) today announced its plans for a new manufacturing facility located in Jinzheng Eco-Technology Industry Park (“Jinzheng Industrial Park”), and the partial completion of the manufacturing facility.

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Jinzheng Industrial Park, located in Yantai, China, is set on an 8.07-acre site with the total square footage of the building complex to be 291,470 (27,079 square meters). There will be two phases for the construction. Phase I includes a manufacturing facility that hosts a traditional manufacturing line and an automatic production line for membrane modules which are the key components for the wastewater treatment equipment, a manufacturing facility for wastewater treatment equipment, and an office building that hosts a research and development lab for membrane modules. Phase II includes the construction of a lab and a plant for membrane materials, which are the essential elements for membrane modules. The construction of Phase I commenced in September 2017. Part of the production facility that hosts the traditional manufacturing line for membrane modules and the facility for manufacturing wastewater treatment equipment have been completed and began operation on April 13, 2018. The remaining portion of Phase I project, including the office building, the R&D lab, and the automatic production line for membrane modules are slated for completion in approximately 4 months. Phase II is expected to commence in 2019, and the construction will take about one year. Upon completion, all the Company’s employees (currently 178) will move into Jinzheng Industrial Park. The Company is funding this project mainly from its IPO proceeds and the income generated from its operation.

Fast facts Jinzheng Industrial Park

Name                                                                                Jinzheng Eco-Technology Industry Park
Address Laishan                                                             District, Yan tai city, Shang dong province, China
Total acreage                                                                  8.07 acres (49 Chinese Mu)
Total square footage of the buildings for Phase      I185,312 square feet (17,216 square meters)
Total square footage of the buildings for Phase      II106,158 square feed (9,862 square meters)
Phase I Construction commencement                      September 2017
Phase I Construction completion                               August 2018
Phase II expected construction time                         2019 to 2020

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The outside of the new facility for manufacturing wastewater treatment equipment.

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The outside of the new facility for manufacturing wastewater treatment equipment.

“We are very excited that Phase I of the Jinzheng Industrial Park is expected to be completed by the end of this year. With the new manufacturing facilities, we are expected to increase our production capacity significantly, making it possible to meet the increased demand for our products in China market “commented Mr. Yuebiao Li, the Company’s Chairman and Chief Executive Officer. Mr. Li further remarked “we are committed to the continued investment in our facilities and manufacturing capabilities to advance our technologies and increase our competitive advantages.”

About Newater Technology, Inc.

Founded in 2012 and headquartered in Yantai, Newater operates its business through its wholly owned subsidiary Jinzheng, which specializes in the development, manufacture and sale of DTRO (Disk Tube Reverse Osmosis) and DTNF (Disk Tube Nano-Filtration) membranes for wastewater treatment, recycling and discharge. Jinzheng provides integrated technical solutions in engineering support and installation, technical advice and services, and other project-related solutions to turn wastewater into valuable clean water.The Company’s products can be used across a wide spectrum of industries, including:- Leachate from landfills – Power plant wastewater- Wastewater from oil fields – Wastewater from gas production- High acid wastewater – Desalination

For more information, please contact:

Company Investor Relations
Zhuo Zhang CFO Y. Tracy Tang CFA, CPA
NEWATER TECHNOLOGY INC. SINO-AMERICAN INVESTOR ADVISORY
Phone: +86 (535) 626-4177 Phone: +1 (646) 485-1040
Email: zhuozhang@newater.cc, Email: Tracy.tang@sino-UsInvestors.com

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “project”, “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Specifically, the Company’s statements regarding its ability to complete Phase I and II located at Jinzheng Industrial Park and its ability to increase it competitive advantages are forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of the water filtration industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

SOURCE: Newater Technology, Inc.

IMF Says Trade Tensions, Debt Load Threaten World Economy

The International Monetary Fund’s policymaking committee said Saturday that a strong world economy was threatened by increasing tension over trade and countries’ heavy debt burden. Longer-term prospects are clouded, it said, by sluggish growth in productivity and aging populations in wealthy nations.

In a statement at the end of three days of meetings, the lending agency urged countries to take advantage of the broadest-based economic expansion in a decade to cut government debt and to enact reforms that will make their economies more efficient.

The IMF expects the world economy to grow 3.9 percent this year and next, which would be the strongest since 2011. But an intensifying dispute between the U.S. and China over Beijing’s aggressive attempt to challenge U.S. technological dominance has raised the prospect of a trade war that could drag down worldwide growth.

“Trade tensions are not to the benefit of anyone,” said Lesetja Kganyago, who leads the policymaking committee and is governor of the South African Reserve Bank.

The U.S. has resisted pressure to back off President Donald Trump’s protectionist “America First” trade policies.

Treasury Steven Mnuchin urged the IMF to do more to address what the Trump administration says are unfair trade practices and called on the World Bank to steer cheap loans away from China and toward poorer countries.

Unfair trade policies “impede stronger U.S. and global growth, acting as a persistent drag on the global economy,” Mnuchin said.

He appealed for the IMF to go beyond its traditional role as an emergency lender for countries in financial distress and said it should more closely monitor the practices of countries that persistently run large trade surpluses.

“The IMF must step up to the plate on this issue, providing a more robust voice,” Mnuchin said. “We urge the IMF to speak out more forcefully on the issue of external imbalances.”

The World Bank, he said, must not back away from shifting its lending from fast-growing developing countries such as China to poorer nations. In a speech prepared for the bank’s policy committee, Mnuchin urged the bank to aim its resources at “poorer borrowers and away from countries better able to finance their own development objectives.”

Many have used the finance meetings to protest Trump’s protectionist trade policies, which mark a reversal of seven decades of U.S. support for ever-freer global commerce.

“We strongly reject moves toward protectionism and away from the rules-based international trade order,” said Mar GuAmundsson, governor of the Central Bank of Iceland. “Unilateral trade restrictions will only inflict harm on the global economy.”

While finance officials struggled to find common ground with Washington on trade, they agreed on the importance of coordinating other policies in an effort to sustain the strongest global economic expansion since the 2008 financial crisis.

“We have to keep this group working together,” said Nicolas Dujovne, Argentina’s treasury minister.

In addition to wrangling over trade, finance officials from the Group of 20 powerful economies focused on geopolitical risks and rising interest rates, two threats to growth. Dujovne, whose country is chairing the G-20 this year, met with reporters Friday to summarize talks held as a prelude to the IMF-World Bank meetings.

The U.S. has rattled financial markets with a series of provocative moves in recent weeks.

Last month, it imposed taxes on imported steel and aluminum, and later proposed tariffs on $50 billion in Chinese products as a punishment for Beijing’s aggressive efforts to obtain U.S. technology. China countered by targeting $50 billion in U.S. exports. Trump then ordered his trade representative to go after up to $100 billion more in Chinese products.

Finance leaders repeatedly sounded warnings about a potential trade war.

“The larger threat is posed by increasing trade tensions and the possibility that we enter a sequence of unilateral, tit-for-tat measures, all of which generate uncertainties for global trade and GDP growth,” Roberto AzevA�do, director-general of the World Trade Organization, told the IMF’s policy committee.

French Finance Minister Bruno Le Maire said the steel and aluminum tariffs could lead to retaliation by other countries and “a significant risk that the situation could escalate.” He said “tensions between the U.S. and China have taken a worrying turn.”

Source: Voice of America

Eulogy by President Cyril Ramaphosa during the funeral of Dr Zola Sidney Themba Skweyiya, Christian Revival Church, Pretoria

Our beloved sister, Mrs Thuthukile Skweyiya,

Former President Thabo Mbeki and Mrs Zanele Mbeki

Friends and family of the Skweyiya and Mazibuko families,

Ministers and Deputy Ministers,

Fellow Mourners,

An ambassador of goodwill, a servant of his people and a courageous son of our soil has departed.

When we recall the consummate love, graceand humility of Zola Skweyiya, we are reminded of the immeasurable capacity of human beings for goodness.

In a world that is riven by conflict and greed, we were comforted to have living among us a person like Zola Skweyiya.

We were heartened by his moral clarity and by his steadfast commitment to democracy, justiceand peace.

Here was a noble man who would never dare sell the birthright of his people, a man who would choose death rather than betray the trust of his people.

Here was a man who shared the desire of a billion people for an Africa resurrected and free.

Here was a man who shared the dreams of thedispossessed, the marginalised and the suffering.

Though he has departed, we will continue to draw strength and inspiration from his example.

In the glory of his sunshine our day will be filled with his light and from his soil shall rise new shoots of opportunity, prosperity and better life for all.

As we fold the flag that now covers him, we will commend his spirit to the founding father of our nation and hand over the work of his hand to his family and future generations as a symbol of honour to his service and love for country.

Fellow South Africans,

Since Zola Skweyiya has passed away there has been an outpouring of grief and expressionsof admiration from many South Africans and from people across the world.

At the memorial service held earlier this week, friends and comrades who grew up with him spoke fondly of his deep care for the downtrodden and vulnerable.

They shared their memories of a revolutionaryand disciplined cadre of the African National Congress who valued the unity of his people and cherished the ideal of an egalitarian society.

Those who were fortunate to work with him in exile and in government reminded us of ZolaSkweyiya’s work ethic, his collegiality and passion to develop people who worked with him.

They described him as an architect of ademocratic, efficient and inclusive public service that was built from the ruins of a fragmented, divisive and decadent administration.

They recalled the superb mind that formed many of the fundamental constructs of ourConstitution.

From his grandchildren, we heard that he was deeply cherished and loved unconditionally by his family, for whom his passing remains a devastating blow.

On behalf of all South Africans, we extend ourprofound sympathies to both the Skweyiya and Mazibuko families on so great a loss.

We will miss his gentle and caring hand as we continue draw guidance from the collective wisdom of our stalwarts to renew our country and revitalise our organisation.

As he would have wished, we will intensify our struggle for the complete restoration of the dignity of our people.

We will intensify our struggle to return the land to the people and build an inclusive economy that benefits all South Africans.

As he often reminded us, the aim of the national liberation struggle is the democratisation of the country and the redistribution of its wealth.

It is a struggle to eradicate the privileges of the few and to entrench human rights as the basis of our democratic dispensation.

In paying tribute to his old friend, Albie Sachs recently described Zola Skweyiya as a natural democrat.

He credits the outstanding leadership of Zola Skweyiya in bringing to life our Constitution.

Alongside people of the calibre of Jack Simons,Kader Asmal, Brigitte Mabandla and Arthur Chaskalson, he forged a constitutional legacy that will define our country for generations to come.

In all tasks that he was given, he made a difference.

When former President Nelson Mandela entrusted Zola Skweyiya with the formidablechallenge of transforming the oppressive apartheid machinery into a developmental state that would serve all South Africans, he undertook his responsibility with purpose.

He said:

Public services are not a privilege in a civilised and democratic society: they are a legitimate expectation.

In his view, the test for a transformed, efficient public service lay in the practical difference people see in their lives.

His was struggle for a better, efficient and compassionate public service.

It is a tribute to Zola Skweyiya’s vision that we today have a public service of more than amillion people who dedicate themselves to building a better life for all our people.

It is a public service that reflects the diversity of our nation.

It is our responsibility to ensure that the public service retains the character that Zola Skweyiya envisioned and embraces the values that he espoused.

In all that we do, we must answer the simple question that he asked of us time and time again: ‘Are we putting our people first?’

It was a question that he occupied his tenure as Minister of Social Development.

He was the architect of our progressive social assistance programme, which has been responsible for substantially pushing back the frontiers of poverty.

For him, this task was much more than a transformative policy intervention.

It was a passion, a mission, a sacred responsibility.

He was deeply shocked by the conditions under which so many of our people lived and was determined that the democratic state mobilise all resources at its disposal to lift our people out of the agony of poverty.

He travelled the length and breadth of the country to ensure that all grant recipients received what was due to them.

He relentlessly championed the child support grant, which had a significant and measurable impact on the health, well-being and prospects of an entire generation of young people.

Thanks to his work, more children have survived, more children have thrived and more children have been able to attend school.

He achieved all of this without fanfare, without spectacle.

He did it quietly, methodically and with determination.

He embodied and cherished the values of consultation, consensus-making, trust-buildingand cooperation.

In negotiations, he was firm of persuasion and principle, with the acumen and strategic craft to know when, how and why to accommodate the demands of an apartheid state that was negotiating its way into the setting sun.

Comrades and friends,

It is deeply distressing to recall that in the twilight of his life, this gallant member of the Luthuli Detachment was, by his own account,stopped at the doors of Luthuli House when he wanted to meet the leadership.

Such was the pain and disappointment of thiscadre who gave his life to our organisation that he said: Here I am and I don’t even know where the ANC is.

As President of the Republic and the African National Congress, I wish to join Deputy President Mabuza in saying we regret this shameful departure from the principles, values and ways of our movement.

To this departed warrior of Umkhonto we Sizwe, his family and all our stalwarts, please accept our sincere apology for the distress that thismay have caused.

Today, we make a solemn commitment that never again will we disown and dishonour those who have dedicated their lives to the movement and the cause of our people.

We can be certain that Zola Skweyiya would have been concerned about the violent protests that have seized the North West in the last few days.

Like the violence that he confronted in the early 1990s, such violence can only serve the interests of those opposed to transformation and the progress of our people.

In the memory of our distinguished stalwart, let us unite and resist those who wish to delay our march to economic freedom for all our people.

To throw away the rule of law and to disregard the Constitution because of our differences is to fall into the trap of the enemies of change.

It is to dishonour the memory of Zola Skweyiya, Oliver Tambo and all those who fought with such dignity and principle for a peaceful and just South Africa.

As leaders, let us follow their example by ensuring that every grievance is given attention and every concern addressed.

Like Zola Skweyiya, we must listen to the people.

We must put the people first.

And so we bid farewell to one of the best among us.

We bid farewell to a gentle soul and a formidable freedom fighter, whose remarkable legacy will endure long after all of us are gone.

Lala ngoxolo Mkhonto we Sizwe.

Oliver Tambo, sicela ubambe isandla senzalo ka Leta.

Libele!

Mboyi!

Solizembe!

I thank you.

Source: The Presidency Republic of South Africa

Eulogy by President Cyril Ramaphosa during the funeral of Dr Zola Sidney Themba Skweyiya, Christian Revival Church, Pretoria

Our beloved sister, Mrs Thuthukile Skweyiya,

Former President Thabo Mbeki and Mrs Zanele Mbeki

Friends and family of the Skweyiya and Mazibuko families,

Ministers and Deputy Ministers,

Fellow Mourners,

An ambassador of goodwill, a servant of his people and a courageous son of our soil has departed.

When we recall the consummate love, graceand humility of Zola Skweyiya, we are reminded of the immeasurable capacity of human beings for goodness.

In a world that is riven by conflict and greed, we were comforted to have living among us a person like Zola Skweyiya.

We were heartened by his moral clarity and by his steadfast commitment to democracy, justiceand peace.

Here was a noble man who would never dare sell the birthright of his people, a man who would choose death rather than betray the trust of his people.

Here was a man who shared the desire of a billion people for an Africa resurrected and free.

Here was a man who shared the dreams of thedispossessed, the marginalised and the suffering.

Though he has departed, we will continue to draw strength and inspiration from his example.

In the glory of his sunshine our day will be filled with his light and from his soil shall rise new shoots of opportunity, prosperity and better life for all.

As we fold the flag that now covers him, we will commend his spirit to the founding father of our nation and hand over the work of his hand to his family and future generations as a symbol of honour to his service and love for country.

Fellow South Africans,

Since Zola Skweyiya has passed away there has been an outpouring of grief and expressionsof admiration from many South Africans and from people across the world.

At the memorial service held earlier this week, friends and comrades who grew up with him spoke fondly of his deep care for the downtrodden and vulnerable.

They shared their memories of a revolutionaryand disciplined cadre of the African National Congress who valued the unity of his people and cherished the ideal of an egalitarian society.

Those who were fortunate to work with him in exile and in government reminded us of ZolaSkweyiya’s work ethic, his collegiality and passion to develop people who worked with him.

They described him as an architect of ademocratic, efficient and inclusive public service that was built from the ruins of a fragmented, divisive and decadent administration.

They recalled the superb mind that formed many of the fundamental constructs of ourConstitution.

From his grandchildren, we heard that he was deeply cherished and loved unconditionally by his family, for whom his passing remains a devastating blow.

On behalf of all South Africans, we extend ourprofound sympathies to both the Skweyiya and Mazibuko families on so great a loss.

We will miss his gentle and caring hand as we continue draw guidance from the collective wisdom of our stalwarts to renew our country and revitalise our organisation.

As he would have wished, we will intensify our struggle for the complete restoration of the dignity of our people.

We will intensify our struggle to return the land to the people and build an inclusive economy that benefits all South Africans.

As he often reminded us, the aim of the national liberation struggle is the democratisation of the country and the redistribution of its wealth.

It is a struggle to eradicate the privileges of the few and to entrench human rights as the basis of our democratic dispensation.

In paying tribute to his old friend, Albie Sachs recently described Zola Skweyiya as a natural democrat.

He credits the outstanding leadership of Zola Skweyiya in bringing to life our Constitution.

Alongside people of the calibre of Jack Simons,Kader Asmal, Brigitte Mabandla and Arthur Chaskalson, he forged a constitutional legacy that will define our country for generations to come.

In all tasks that he was given, he made a difference.

When former President Nelson Mandela entrusted Zola Skweyiya with the formidablechallenge of transforming the oppressive apartheid machinery into a developmental state that would serve all South Africans, he undertook his responsibility with purpose.

He said:

Public services are not a privilege in a civilised and democratic society: they are a legitimate expectation.

In his view, the test for a transformed, efficient public service lay in the practical difference people see in their lives.

His was struggle for a better, efficient and compassionate public service.

It is a tribute to Zola Skweyiya’s vision that we today have a public service of more than amillion people who dedicate themselves to building a better life for all our people.

It is a public service that reflects the diversity of our nation.

It is our responsibility to ensure that the public service retains the character that Zola Skweyiya envisioned and embraces the values that he espoused.

In all that we do, we must answer the simple question that he asked of us time and time again: ‘Are we putting our people first?’

It was a question that he occupied his tenure as Minister of Social Development.

He was the architect of our progressive social assistance programme, which has been responsible for substantially pushing back the frontiers of poverty.

For him, this task was much more than a transformative policy intervention.

It was a passion, a mission, a sacred responsibility.

He was deeply shocked by the conditions under which so many of our people lived and was determined that the democratic state mobilise all resources at its disposal to lift our people out of the agony of poverty.

He travelled the length and breadth of the country to ensure that all grant recipients received what was due to them.

He relentlessly championed the child support grant, which had a significant and measurable impact on the health, well-being and prospects of an entire generation of young people.

Thanks to his work, more children have survived, more children have thrived and more children have been able to attend school.

He achieved all of this without fanfare, without spectacle.

He did it quietly, methodically and with determination.

He embodied and cherished the values of consultation, consensus-making, trust-buildingand cooperation.

In negotiations, he was firm of persuasion and principle, with the acumen and strategic craft to know when, how and why to accommodate the demands of an apartheid state that was negotiating its way into the setting sun.

Comrades and friends,

It is deeply distressing to recall that in the twilight of his life, this gallant member of the Luthuli Detachment was, by his own account,stopped at the doors of Luthuli House when he wanted to meet the leadership.

Such was the pain and disappointment of thiscadre who gave his life to our organisation that he said: Here I am and I don’t even know where the ANC is.

As President of the Republic and the African National Congress, I wish to join Deputy President Mabuza in saying we regret this shameful departure from the principles, values and ways of our movement.

To this departed warrior of Umkhonto we Sizwe, his family and all our stalwarts, please accept our sincere apology for the distress that thismay have caused.

Today, we make a solemn commitment that never again will we disown and dishonour those who have dedicated their lives to the movement and the cause of our people.

We can be certain that Zola Skweyiya would have been concerned about the violent protests that have seized the North West in the last few days.

Like the violence that he confronted in the early 1990s, such violence can only serve the interests of those opposed to transformation and the progress of our people.

In the memory of our distinguished stalwart, let us unite and resist those who wish to delay our march to economic freedom for all our people.

To throw away the rule of law and to disregard the Constitution because of our differences is to fall into the trap of the enemies of change.

It is to dishonour the memory of Zola Skweyiya, Oliver Tambo and all those who fought with such dignity and principle for a peaceful and just South Africa.

As leaders, let us follow their example by ensuring that every grievance is given attention and every concern addressed.

Like Zola Skweyiya, we must listen to the people.

We must put the people first.

And so we bid farewell to one of the best among us.

We bid farewell to a gentle soul and a formidable freedom fighter, whose remarkable legacy will endure long after all of us are gone.

Lala ngoxolo Mkhonto we Sizwe.

Oliver Tambo, sicela ubambe isandla senzalo ka Leta.

Libele!

Mboyi!

Solizembe!

I thank you.

Source: The Presidency Republic of South Africa