Industry in China
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CHINA, 2016/06/04
Support from China for the industrialisation of Angola and Mozambique has been set as an objective on a government level, as large investments in local production capacity, even additional necessary at a time of economic difficulties, are presently expected.
The Forum for China-Africa Cooperation (FOCAC) held in December 2015 in Johannesburg set the goal to shift Chinese industries to Africa, a subject that was discussed once again during the recent visit by Mozambican president, Filipe Nyusi, to Beijing, inclunding at the same time as his Angolan counterpart was in Beijing.
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CHINA, 2016/05/10
China is fast proving its mettle on its commitment to helping African nations come out of their situations to occupy world positions of prosperity. While some people on the continent are from presently on to wake up to that reality, the Asian country has a drawn-out vision which augurs well with the developmental aspirations of African nations. That China has emerged as Africa's major trading partner in the last few years is undisputable, with trade reaching $975,92 billion between 2011 and 2015.
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CHINA, 2015/07/27
A new joint venture company owned by Chinese and Indonesian investors is ready to produce Chinese-brand cars in Indonesia as the country’s request for vehicles continues to grow, an executive has said.
The any minute at this time-to-be-named company was established by Indonesian investor Sokonindo Automobile and Chinese vehicle manufacturer DFSK, a joint venture between China-based firms Dongfeng Motor Group and Chongqing Sokon Motor Group.
Under Sokonindo’s supervision, the company will finalize the commissioning of its US$150 million assembly plant in Tangerang, Banten, in November before launching its trial production of Chinese-brand Sokon cars, according to commissioner Alexander Barus.
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CHINA, 2015/05/07
It at no time took off the way CEO Shai Agassi – and the a lot of Israeli government and business officials who supported it – thought it would, but the technology designed for presently-defunct Better Place’s battery swapping program for electric cars will finally have its day in the sun.
Ziv Av Engineering (ZAE), one of Israel’s major high-tech products development firms, will design and supply battery switching stations for electrically powered vehicles in Nanjing, the capital of Jiangsu Province in Eastern China. ZAE has signed a cooperation agreement with Chinese company Bustil (BYD), which holds the franchise for charging and switching batteries on electric vehicles in the city.
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CHINA, 2015/05/02
From fast food to smartphones, from luxury goods to groceries, the way China shops — and what mainland shoppers want to buy — is changing rapidly. The changes are leaving foreign supermarket and hypermarket chains struggling to keep up by revamping store formats and selling additional groceries online, retail analysts say.
On Wednesday Walmart announced a plan to turn round its declining sales in China by boosting store numbers by additional than 25 %, renovating existing shops and introducing a new online shopping app.
The US chain has been hit by food safety scandals in China, along with rapidly intensifying competition from other large hypermarket chains and from new online grocers.
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CHINA, 2015/03/19
China’s major privately run film production company, Huayi Brothers Media, says that it has reached a transaction to finance, co-produce, and release 18 feature films by 2017 with an unnamed US partner.
The Beijing-based company did not identify its US counterpart but people familiar with the situation said it was Burbank-based STX Entertainment.
The venture is not the initial co-production transaction Huayi has done in Hollywood, but it is — according to the film group — the initial time a Chinese company will take part in all process of Hollywood filmmaking, from investment to production and distribution, and get a cut of total world revenues from films in addition to the Better China distribution rights.
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CHINA, 2015/03/07
For $104,000, Yu Hangmei expected a car that could, at the very least, be driven. What Ms. Yu said she got instead was a new electric Tesla Model S sedan and a malfunctioning charging station.
While driving through her town in coastal Zhejiang Province recently, Ms. Yu, 45, realized that even though she had plugged in the vehicle, the battery was almost dead. “I thought next a day of charging it was fully charged, but turns out it wasn’t charged at all,” said Ms. Yu, an artifact exporter. Tesla owners need an electric charger specifically calibrated to the vehicle’s voltage and current requirements, still something of a rarity near her home. “Luckily I bumped into a fellow Tesla owner online who let me charge at his place. It took three hours.”
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CHINA, 2013/11/13
Chinese national manufacturer FAW is to build an assembly plant in Algeria producing 10,000 vehicles per year under an agreement signed with private Algerian firm Arcofina, the company's CEO said.
The transaction provides for an initial investment of five billion dinars ($61 million), Arcofina CEO Abdelouahab Rahim said at the signing of the agreement in Algiers on Saturday, adding that the figure will rise.
To conform with Algerian law, Arcofina will own 51 % of the plant and FAW 49 %, with the aim of reducing the Chinese manufacturer's share to 40 % next three years, Rahim said.
FAW is to build assembly plant in Algeria producing 10,000 vehicles per year under agreement signed with Algerian firm Arcofina.
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CHINA, 2013/11/12
China's recovery has gathered pace with solid expansion in industrial production and exports, official data revealed last week, offsetting concerns that the ongoing economic restructuring could further suppress increase.
The data brings in some cheer to the party leaders, who have gathered in Beijing to hash out fresh round of reforms for the economy. The third plenum conference of the 18th Communist Party of China, or CPC, kicked off in the capital on Saturday.
The National Bureau of Statistics said Saturday that China's industrial production grew 10.3 % year-on-year in October, slightly faster than a 10.2 % increase in September. Output was up 9.7 % in the initial ten months of the year.
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CHINA, 2013/08/15
Angola’s diamond industry is recovery from a long recession due to “strong request” from China and India, according to the Economist Intelligence Unit.
“Diamonds will continue to be the second major source of exports, although on a small scale compared with oil exports,” said the EIU in its July statement in Angola.
Diamond exports of around 8 million carats per year are expected to increase in the next two years, “as new mines explored by South Africa’s De Beers and Russia’s Alrosa start production,” it said.
