All Entries Tagged With: "China"
President Hu Jintao Determined To Deal With Trade Imbalances
After 16 years of effort and negotiation for securing a membership in the World Trade Organization (WTO) on December 11, 2001, industry leaders in China were perhaps more worried than relieved. A few years later, those industries have not yet been extremely successful, but have done quite well. Today, China is looking forward to buy more products from overseas.
Apple in a Tug-of-War with Samsung, Chinese Government
As cool as the iPad and iPhone are, not everyone thinks the company that makes them is equally impressive. Samsung Electronics is working to impose a ban on the new iPhone 4S in Australia and Japan. The South Korean firm is currently in a patent battle with Apple, citing that Apple is violating patent rights [...]
Asian Seafood Exposition
The Asian Seafood Exposition is Asia-Pacific and Hong Kong’s premier seafood trade event, connecting retail, foodservice, and distribution buyers with suppliers of live, fresh, frozen and packaged seafood products and services from around the world. A great networking, growth and business opportunity for professionals from the retail and foodservice industries, the Asian Seafood Exposition is Asia [...]
Japanese Brewery Goes South: Kirin to buy Brazil’s Aleadri for $2.6bn
With domestic sales of Japan’s breweries being severely affected by the country’s decreasing population as well as a general decline in the preference for beer in Japan’s beverage market, the nation’s brewers have been on a spree to expand their international operations. The latest among these is the announcement by Tokyo-based company, Kirin Holdings Co., [...]
Fake Apple Stores: A New Piracy Milestone ?
We’ve all seen, or atleast heard of, Chinese phones and tablets which mimic the hugely popular iphones and ipads, often unrecognizably so. The reported fake Apple stores however, take piracy to a whole new level. Last week, when Apple reported a 125% rise in profits year-on-year, the company’s Chief Operating Officer, Tim Cook, attributed a large part [...]
Quarterly Results by Apple: Big Profits from China iPad iPhone Boom
With its third-quarterly earnings statistics showing an 82% increase in revenue, and 125% rise in profits year-on-year, Apple, while releasing these statistics, said that a massive jump in profits in China has contributed significantly towards Apple’s performance. With the released data suggesting that as compared to the 4% revenue share contributed by China over the [...]
Japan Re-thinks its Energy Future. Nuclear Power Risks “too intense”
Japan Sets the Scene Just about recovering from the massive devastation caused by the March 11 earthquake and tsunami and the ensuing nuclear disaster, Japan is now looking at addressing its energy needs by tapping into sources other than nuclear power. In what has been estimated as being the worst nuclear energy disaster since Chernobyl, [...]
Rare Earth Minerals Discovered by Japan Threat to China Monopoly ?
According to the US Geological Survey, global reserves of rare earth minerals, found primarily in the United States, China, Russia and some other parts of the former Soviet Bloc, amount to only around 110 million tonnes. A clear monopoly, even within these countries, where the mining and supply of these extremely valuable commodities is concerned, [...]
PBOC reports drop in Lending by Chinese Banks, Money Growth Slowdown
Lending by banks in China has dropped to 551.6bn Yuan ($85bn; £52bn) in new loans, as compared to April lending which amounted to 739.6bn Yuan, according to data released by the People’s Bank of China, China’s central bank. With Chinese authorities having put in place a number of mechanisms to slow down growth, including a [...]
China International Automotive Electronics & Testing Technology Show
An interactive forum for manufacturers, technology providers, policy makers, funding agencies, scientists, innovators, engineers and industrialists from all over the world, exhibits at the China International Automotive Electronics & Testing Technology show (AES) include General Dynamic testing systems, Body and Chassis testing systems, Safety testing, Manufacturing testing, ECU testing, Bus testing, Communication, navigation, entertainment system testing, Fuel [...]
New-Gen High Speed Rail: Almost-Plane Flying Train Unveiled in China
With the importance of developing High Speed Rail Systems becoming increasingly recognized across the world, this particular initiative takes the rapid-transit concept to a whole new level! The Aero Train, unveiled at the IEEE International Conference on Robotics and Automation in Shanghai, China, a levitating robotic plane-train that floats on a cushion of air, presents [...]
Equinox says yes to takeover bid by Barrick; Minmetals withdraws
Australian copper miner, Equinox, announced late last night that it had accepted the $7.1 billion takeover offer by the world’s biggest gold miner, Canadian Barrick Gold. Barrick’s offer, being significantly higher than the $6.5billion proposal bid by Chinese miner Minmetals Resources, has meant that Minmetals has had to withdraw its offer and walk away from [...]
Why China is trying to slow down its off-the-charts economy…
While developed economies like USA, Europe and Australia with current GDPs of 3.1%, 0.3% and 0.7% respectively (according to tradingeconomics.com), are desperately trying to figure out ways of boosting their economic growth, China’s move of obviously trying to cool down its economy – with the PBOC directing the other large banks in China to reduce [...]
iPhone-maker Foxconn considers $12 Billion Brazil expansion move
The Taipei-based Taiwanese company, Foxconn, popularly known for being Apple’s iPhone and iPad maker, is considering spending around $12 billion over five to six years towards expanding by setting up production facilities in Brazil. This information, regarding Foxconn’s intentions, was released in a statement made by Dilma Rousseff, Brazil’s President. If this comes through, Foxconn’s [...]
Facebook super-keen to enter China: Talks on with potential partners
With its most recent valuation figuring at $85billion, only about two months after Goldman Sachs, on investing in the world’s no.1 social-networking company, valued it at $50billion, Facebook sure is set to become to take over the virtual world. So what’s the most obvious market for such a rapidly growing company to be exploring next? [...]
Authentically Disney, Distinctly Chinese! Shanghai Disneyland
China’s largest foreign invested venture in the service sector After over a decade of technical and political negotiations, work on what will host Disney’s largest Storybook Castle has finally started. With Disneyland coming to Shanghai, the local economy is expected to receive a massive boost through the employment generation that will accompany the establishment of [...]
Eco-friendly Fake Hills in Beihai, China: MAD Architects
This Chinese firm, with its “MAD”-ly distinct sustainable building designs has managed to carve a niche for itself for sure. MAD Architects’ under-construction Fake Hills project in the Chinese coastal town of Beihai beats the current global trend of stand-alone monuments becoming sustainability symbols. This iconic 492,369sqm residential project combines high-density, economically viable housing with [...]
China’s Air Freight Sector foresees low rates;expects consolidation
The contradiction between a lower-than-forecast growth in export demand and significant capacity increases on some routes has caused China’s air freight sector to be looking at low rates and yields according to various air cargo executives. “There is a capacity issue,” said Roberto Gilardoni, Commercial Director at CargoItalia, in a statement. “The number of charters [...]
China, tempted by Husab, makes £756m offer for Kalahari
China Guangdong Nuclear Power Group Co., a Chinese state-owned nuclear power company, interested in acquiring a stake in one of the world’s largest uranium projects, has made a £756m offer for a takeover of Kalahari Minerals Plc. With oil prices surging, China has been scrambling to secure alternative, and increasingly scarce, sources of energy. Husab, [...]
