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voda 18 juni 2018 20:46

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China startup readies capacity for 150,000 electric cars per year - Duerr

Reuters quoted German supplier Duerr as saying that Future Mobility Corporation (FMC), the Chinese parent company behind electric car start-up Byton, has placed an order for a paint shop capable of handling 150,000 cars per year.

China's Byton, a newcomer headed by the former head of BMW's i8 programme, has already released plans for a premium electric SUV vehicle, the latest in a series of China-backed electric autonomous prototypes.

Duerr said in a statement that "Duerr is building a paint shop for FMC's Byton brand in Nanjing for 150,000 cars per year," adding that this was one of the largest orders it had ever received from an electric car manufacturer.

Byton has financial backing from Chinese state-owned carmaker FAW Group and the country's dominant battery producer Contemporary Amperex Technology Co. (CATL)

Source : Reuters

voda 19 juni 2018 14:34

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Senaat trotseert Trump met hernieuwde sanctie tegen ZTE

(ABM FN-Dow Jones) De Amerikaanse Senaat heeft gestemd voor een defensiewet die een verbod op de verkoop van Amerikaanse onderdelen aan het Chinese telecombedrijf ZTE Corp opnieuw instelt.

Daarmee geven de senatoren de Amerikaanse president Donald Trump een gevoelige tik op de neus, nadat deze stappen had gezet om het Chinese bedrijf weer leven in te blazen.

ZTE overtrad meermaals Amerikaanse sancties en inlichtingendiensten in de VS hebben gewaarschuwd dat het Chinese bedrijf zijn apparatuur kan gebruiken om Amerikanen te bespioneren. ZTE ontkent deze aantijgingen.

Trump zal dinsdagavond overleggen met leden van het Huis van Afgevaardigden van de Republikeinse partij, mogelijk over dit onderwerp, en zal naar verwachting woensdag in gesprek gaan met Republikeinen in de Senaat, om manieren te vinden waardoor ZTE zijn activiteiten kan hervatten.

Het Huis van Afgevaardigden keurde de defensiewet eerder goed zonder de sancties tegen ZTE, maar de Senaat moet een identieke wet laten passeren voordat Trump de wet kan ondertekenen, tenzij hij zijn vetorecht gebruikt.

Trump heeft persoonlijk onderhandeld met de Chinese president Xi Jinping om ZTE weer in bedrijf te brengen, en heeft het besluit teruggedraaid van zijn eigen ministerie van handel om geen onderdelen meer aan ZTE te verkopen.

Het aandeel ZTE daalde meer dan 20 procent in waarde in Hong Kong na de stemming in de Senaat.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright Dow Jones 2018. All rights reserved.

voda 19 juni 2018 15:35

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CREC breaks through 2nd tunnel along China-Laos railway

Xinhua reported that the China Railway Guangzhou Engineering Group (CREC Guangzhou) has broken through a second tunnel along the China-Laos railway, securing steady progress in the construction of the railway project.

The CREC Guangzhou, a Chinese company which is in charge of the second section construction of the railway project, told Xinhua that the Ban Naven Tunnel was broken through.

The Ban Naven Tunnel is located in the country's northern town of Muangxay, Oudomxay Province.

The geological conditions of the 567-meter-long tunnel are very complicated with silty clay, sandstone and mudstone, thus posing challenges to the construction.

Source : Xinhua

Bijlage:

voda 19 juni 2018 15:53

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Collapsed coal mines in Shanxi turn into solar power plants

News CGTN reported that solar panels are a common sight on the outskirts of Yangquan City in north China’s Shanxi Province. No one would have guessed the area there used to be sinking lands, destroyed and made useless by coal mining. Today, 20 million square meters of such lands in the city have been turned into solar power plants.

Years of mining have caused serious subsidence and environmental destruction to the land. Right now, it's almost impossible to restore the environment there, as that will require huge investment that the local government cannot afford. Solar projects now seem to be the best way to make use of the abandoned land.

But it isn’t just solar panel installations. Companies are required by the local government to plant trees and grass in the area.

Mr Cao Chunlei, general manager of the Yangquan Solar Project with the Shanxi Zhangze Electricity Company, said that "Our company doesn’t just run solar projects here, but also helps improve the environment. We’ve planted grass in the area. Next, after our plan is confirmed by the local forest bureau, we’ll plant trees in the surrounding areas."

The city of Yangquan once relied heavily on coal production and mining. As that slowly runs out, the city has decided to shift its energy sources from black to green.

Mr Feng Weiming, director of the Yangquan Development and Reform Commission, told CGTN that "The municipal government has always emphasized environmental protection. We require a 3,000-yuan deposit from every solar power company to ensure environment improvements. And we’ve been supervising their work progress closely."

It’s been a year since these solar projects started. Now the city’s share of clean energy has increased from five percent to 30 percent. The local government says more of such projects will be created in the future, and that will help save 430,000 tonnes of coal each year and reduce millions of tons in emissions.

China’s rapid economic growth in the past decades has left many scars on its land. The country today has around 10 billion square meters of destroyed land due to coal mining.

Yangquan is one of many places in China which set up solar projects on destroyed land. Some companies have even gone one step further combining these projects with other activities such as fish farming, or greenhouse farming.

Source : News CGTN

Bijlage:

voda 19 juni 2018 16:05

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Trump Trade War - China hikes tariffs on US electric cars, firing back in US trade dispute

AP reported that China fired back in a spiraling trade dispute with President Donald Trump by raising import duties on a USD 34 billion list of American goods including soybeans, electric cars and whiskey. The government said it was responding in "equal scale" to Trump's tariff hike on Chinese goods in a conflict over Beijing's trade surplus and technology policy that companies worry could quickly escalate and chill global economic growth. A Commerce Ministry statement said that "The Chinese side doesn't want to fight a trade war, but facing the shortsightedness of the US side, China has to fight back strongly."

The ministry said also was scrapping deals to narrow Beijing's multibillion-dollar trade surplus with the United States by purchasing more American farm goods, natural gas and other products.

However, Beijing will impose an additional 25 percent tariff starting July 6 on 545 products from the United States including soybeans, electric cars, orange juice, whiskey, salmon and cigars, accor China hikes tariffs on US electric cars, firing back in US trade dispute ding to the Ministry of Finance.

Most are food and other farm goods, hitting Trump's rural supporters hardest. Beijing appeared to be trying to minimize the impact on its own economy by picking U.S. products that can be replaced by imports from other suppliers such as Brazil or Australia.

Chinese regulators also are considering a tariff hike on an additional 114 products including medical equipment and energy products, the Finance Ministry said. It said a decision would be announced later.

Source : AP

Ed Verbeek 19 juni 2018 16:16

0

FXI, de grootste ETF in Chinese aandelen, vandaag op year-low.

voda 20 juni 2018 17:01

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Nepal, China to sign deal for 3 oil storage depots

ANI reported that an agreement on building oil storage depots at three locations in Nepal with Chinese assistance is expected to be signed during Nepali Prime Minister KP Oli's visit to China next week, officials at the Ministry of Industry, Commerce and Supplies said. As per the agreement, the building oil storage depots would have a combined capacity of 110,000kl at Bhairahawa, Gorkha bordering Anbukhaireni of Tanahun, and Battar area of Nuwakot.

Kathmandu Post quoted a senior official as saying that "The storage facility for aviation fuel will have the capacity of 10,000kl while the other two deposits contain 50,000kl each." The building of oil storage facilities with Chinese assistance is a part of implementing the agreements reached between the two sides in March 2016 when Oli visited China after assuming office as Nepal's Prime Minister.

The construction of the project is expected to be completed by mid 2019. The site for this purpose has been specified. Acting managing director of Nepal Oil Corporation (NOC) Sushil Bhattarai, said the facilities are part of the NOC's plan to stock up fuel for at least 90 days.

Source : ANI

voda 20 juni 2018 17:03

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Canada's Magna partners with BAIC unit to make electric cars in China

Reuters quoted Canadian auto parts supplier Magna International Inc as saying that it would set up two joint ventures with Beijing Electric Vehicle Co to build electric cars in China. The ventures are expected to take over an existing manufacturing plant in Zhenjiang, Jiangsu, owned by the BAIC Group, the parent of Beijing Electric Vehicle Co.

Magna and Beijing Electric said that they will also make cars for other customers at the plant.

The first vehicles are planned for 2020 and the companies said the Zhenjiang plant will have the capacity to build up to 180,000 vehicles per year.

Magna's announcement comes as China tries to engineer a dramatic shift away from conventional gasoline cars with subsidies and strict production quotas for electric and plug-in electric hybrid vehicles.

BAIC and Magna in April had announced that they would jointly develop electric vehicles for the Chinese market.

Source : Reuters

voda 20 juni 2018 17:13

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Trump Trade War - Trade war could protect Aussie coal exports to China

Mining Monthly reported that in response to the US slapping tariffs on Chinese goods, China last week responded by saying that a number of US imports including would be subject to a 25% tariff.

Mr Wood Mackenzie said that "Before the tariff rise, China's import coal tariff for US was at 3-6% while Australia and Indonesia were exempted."

Mr Mackenzie said that "Taking into consideration of the higher freight, US coal was never a cost competitive supplier into China on a delivered quality adjusted basis, unless there is a major unexpected supply disruption from Australia.

Mr Mackenzie said that "Having said that, current high coal prices have encouraged more high cost US supply into the Pacific market amid domestic demand weakness."

In Q1 2018, China imported 400,000 tonnes from the US, accounting for roughly 2.6% of China's total coal imports and 1.7% of US total coal exports. US contribution to China's coal imports peaked at 4% in 2012.

With China's higher tariff, US coal may have to redirect the cargos to elsewhere such as India or the EMEARC region of Europe, Middle East, Africa, Russia and Caspian in the longer term for a better margin, according to WoodMac.

Source : Mining Monthly

voda 20 juni 2018 17:15

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Chinese reduced coal import restrictions

Caixin Global reported that the Chinese government has reduced restrictions on coal imports at the nation’s major ports in response to concerns about higher prices and regional power shortages, as demand for electricity jumps during the peak summer months.

Limits on how quickly customs ports can process coal imports were eased, with ports in Shandong, Fujian and Guangzhou provinces having accelerated their clearance times to 10 days from 15 working days, according to industry platform Coal Lakes. Other ports across the country have also been told to prioritize handling coal for power generation.

China’s port inventories are well-stocked and coal plants are well-prepared for the extra demand as air conditioners whir into action across the country, according to Zhang Zhibin, an analyst with COSCO Coal. Nevertheless, the National Development and Reform Council has already warned that some areas may suffer power shortages, with provincial bodies in economic powerhouse provinces Guangdong and Shandong announcing they are already under strain due to an unusually warm May.

The country’s electricity demand increased significantly in early 2018, with 2.66 trillion kilowatt-hours consumed from January through May, an increase of 9.75% compared to the same period last year. Coal consumption at China’s six biggest power generators in the country’s southeast reached its second-highest level in history last month, when they burned through 724,000 tons a day. The six include China Guodian Corp. and Guangdong Yudean Group Co. Ltd., and are often used as a benchmark for the country’s coal industry.

The increased demand resulted in unusually high spot coal prices in May, leading the NDRC to make its first direct intervention in the market in two years. The agency ordered utilities to stop stockpiling thermal coal and told miners to increase production by 50%.

NDRC’s intervention initially pushed down prices, but demand continued to rise into June, causing prices to rebound. At the northern port of Qinhuangdao, one of China’s two major coal import points, seaborne thermal coal prices reached 698 yuan (USD 108.40) a ton on June 15, up 8.44% from a week earlier. Despite their recent rapid rise, prices have peaked, argued Zeng Hao, the deputy general manager of consultancy Fenwei Information Services Co, Ltd, due to the lack of any new factors that would push prices higher in the months ahead.

China’s coal-power generation companies are expecting to see a continuation of their strong performance in the first half of this year during the summer months. Power giant China Shenhua Energy Co Ltd said that coal sales in April reached 42.8 million tons, an increase of over 20% compared to the same period last year. China’s total energy sales were up 10% year-on-year in April, with electricity sales rising 11% in the January-to-April period compared to a year earlier. Datong Coal Mine Group Co, Ltd. and Shanxi Coking Coal Group Co Ltd also said they expect higher profits compared to the same period last year.

Analysts appeared unconcerned about the impact of the US-China trade conflict on the domestic coal market. Ms Shirley Zhang, an analyst at consultancy Wood Mackenzie said that “Taking into consideration the higher cost of freight, US coal was never a cost-competitive supplier to China on a delivered-quality-adjusted basis.“

Source : Caixin Global

Bijlage:

voda 20 juni 2018 17:18

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Chinese exporters threaten Taiwanese steel sector

Focus Taiwan reported that Taiwan's International Trade Commission has found certain that Chinese steel products sold to Taiwan pose a "threat of material injury" to the local steel industry and could face punitive duties. The ITC launched an investigation into Chinese exporters of five particular steel products carbon cold rolled steel, stainless hot rolled steel, carbon steel plant, galvanized steel and stainless cold rolled in April. In a preliminary ruling released earlier this week, the ITC said it did not find the Chinese steel products to have caused material injury but did find they posed the "threat of material injury," and anti-dumping and countervailing duties could still be imposed if the final conclusion is the same as the preliminary ruling.

The investigation looked at steel imports from China during the period of 2015 to 2017 to figure out whether the sales caused damage to the local steel industry, the ITC said.

The ITC said China has excess steel capacity and, faced with rising inventories, it has resorted to exports at low prices to reduce the impact. Many economies, however, such as the United States, the European Union, Canada and Brazil, have come up with measures to limit imports of 26 Chinese steel products. The ITC is therefore worried that China will dump its steel products in Taiwan at unfairly low prices or through government subsidies as there is already a distribution network across the Taiwan Strait.

As a result, the ITC said the imports of five steel products from China pose the "threat of material injury," and it will hand over the case to the Ministry of Finance (MOF), which will launch its own investigation into whether Chinese steel imports involved dumping or government subsidies. The ITC said the agency and the MOF are scheduled to come up with their own final ruling on the case in December at the earliest.

The ITC added that if the final findings of both agencies point to unfair practices or threats of material damage, the MOF will finalize anti-dumping tariffs and CVD on these Chinese steel imports.

Source : Focus Taiwan

voda 22 juni 2018 17:21

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Chinese steelmakers reconsidering increasing purchases of US coking coal

Argus Media is reporting that the possibility of an additional 25% import tariff being slapped on US coal, as a consequence of the deteriorating trade relationship between China and the US, has forced Chinese steelmakers to reassess plans to increase purchases of coking coal from the US

The reversal comes less than two weeks after China's main economic planning agency, the NDRC, started considering loosening restrictions on US coal imports to China including removing the existing 3% import tax. US coking coal producers revived exports to China in 2017, shipping 2.8 million tonne, after the trade had been dormant for years according to Chinese customs data.

Last week China said that it would retaliate after the US announced plans to impose a 25% tariff on USD 34 billion a year of Chinese exports, starting on 6 July. A 25% tariff on another USD 16 billion a year in US exports, including coking coal, would then be imposed by China if the US follows through on threatened tariffs on the same amount of trade.

A US coal sales manager in China said that "Nothing is confirmed at this point because coal has only been earmarked for the second round of tariff imposition." A US coal sales manager said that "But should they kick in, the final import tariff will be nearly 29%", including the existing 3% tariff and customs fees.

Trade relations between the two nations could deteriorate further, after US President Donald Trump yesterday ordered his administration to identify another USD 200 billion in Chinese imports that could be slapped with 10% tariffs. Trump said that “The trade relationship between the US and China must be much more equitable."

The trade tensions have depressed most commodity futures in China – for example, yesterday September coking coal futures closed down by 4%, or 49.5 yuan/t, at Y1,199.5/t.

While the US accounted for only 4% of China's total 69.9 million t of coking coal imports in 2017 potentially limiting the direct impact of the tariffs any new taxes could reverse a shift in China's buying towards US coal and instead support imports from Australia, Canada and Russia.

Spot supply disruptions in Australia and quality issues with Russian coals have pushed Chinese trading firms and mills into adding US coking coals to their trade books and blends. US supplies work well as blending coals, and are classified as lean coal by most coke makers in China. US coals can make up 5-10% of a blend, reducing ash levels and the required amount of premium hard coking coals, which can make up 20-30% of the blend. The bulk of the blend is made up of domestic coking coal, of which China produces roughly 600 million tpy.

A cargo of Pinnacle hard coking coal from the US changed hands at USD 170 per tonne cost and freight in mid-May; a cargo of US brand Buchanan traded at USD 175 per tonne cost and freight. Simultaneously Australian mid-volatile hard coking coal was selling at USD 180-185 per tonne cost and freight.

A north China steelmaker said that "Some Chinese steel mills recently switched to buying Buchanan because the Russian K10 supply ran into some issues. So these mills are going to face some problems finding substitutes."

Buchanan coal exported from US east coast ports has been gaining attention, as its low ash content makes it ideal to be used together with high-ash domestic coking coal. Coking coal with lower ash content is available domestically in China, but volumes are limited, the US coal sales manager said. "In the worst case scenario, mills might have to get creative and adjust their blends accordingly to accommodate the higher ash levels," she added.

The past two months have seen increasing amounts of US coking coal being sold into China as consistently high Australian prices made US coal more attractive for purchasing. These cargoes, which have already been sold, will not be affected by the new tariffs as contracts would have been finalised by now.

Source : World Coal

voda 22 juni 2018 17:23

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China spends USD 3.4 billion to resettle steel and coal workers in 2017

Reuters reported that China spent 22.2 billion yuan (USD 3.43 billion) last year on resettling 377,000 workers laid off as a result of a state campaign to cut capacity in the steel and coal sectors. China’s finance minister Liu Kun told the standing committee of the National People’s Congress that “With the timely allocation of 22.2 billion yuan in dedicated funds, capacity cut targets for the steel and coal sectors were exceeded in 2017.”

Mr Liu said funding efforts to help large state-owned firms close “zombie” subsidiaries, and ditch costly social obligations such as education and health, had also helped cut average debt ratios by 0.6 percentage points over the year.

China said in 2016 it would shed 100-150 million tonnes of annual crude steel production and 500 million tonnes of coal capacity in three to five years as it tried to tackle price-sapping supply gluts in the two sectors. To allay unemployment fears, China also made a USD 15 billion special fund available to cover the costs of finding new jobs for the estimated 1.8 million workers set to be laid off during the retrenchment.

Source : Reuters

voda 22 juni 2018 19:44

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China plan to shut small-scale coal burning in 2 northern provinces by 2020

Reuters reported that China will shut down small-scale "scattered" coal burning in the heavily coal-dependent provinces of Shanxi and Shaanxi by 2020 in the next stage of its war on pollution. Mr Zhao Yingmin, vice-minister of ecology and environment, told reporters that the two provinces have been chosen as a key target in the country's anti-smog efforts over the 2018-2020 period, with coal dependence at 90 percent and total emissions second only to the Beijing-Tianjin Hebei region.

He said that around 90% of the two provinces’ energy needs are met by coal, and emissions of hazardous breathable particles known as PM2.5 are second only to the Beijing-Tianjin Hebei region.

Mr Zhao said that “The readjustment of the target zones is a result of comprehensive assessment of the impact of PM2.5 in different regions.”

Mr Zhao added that “Despite tremendous improvements in the Beijing-Tianjin-Hebei region over the last five years, it still ranks as the most polluted.”

After forcing industrial-scale coal users like power plants and steel mills to install technologies to curb emissions, China has already been shifting focus towards what it calls “scattered” pollution sources, including backstreet workshops and rural heating facilities.

China last year completed a groundbreaking action plan aimed at curbing pollution in Beijing-Tianjin-Hebei as well as the Yangtze and Pearl River Delta manufacturing hubs. It is about to publish a new program covering the 2018-2020 period.

Mr Zhao said the Pearl River Delta, which includes the major financial center of Shenzhen near Hong Kong, will not be covered in the new plan, with the region one of the few to reach the interim state PM2.5 standard of 35 micrograms per cubic meter last year.

He said another target zone over the 2018-2020 period would be the far northwestern border region of Xinjiang, a rising coal producer where PM2.5 concentrations have continued to increase.

Source : Reuters

voda 25 juni 2018 16:51

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China wil meer zaken doen met Airbus

Gepubliceerd op 25 jun 2018 om 12:42 | Views: 2.234

AIRBUS 22 jun
100,74 +2,14 (+2,17%)

PEKING (AFN/RTR) - Voor de Europese vliegtuigmaker Airbus lijken omvangrijke opdrachten uit China aanstaande. Door het oplopende handelsconflict tussen enerzijds de Verenigde Staten en anderzijds onder meer de Europese Unie en China, staat Peking open voor meer deals met Airbus.

De Chinese premier Li Keqiang heeft zijn Franse collega Édouard Philippe tijdens een ontmoeting in Peking gezegd dat China de komende jaren een heleboel vliegtuigen wil aanschaffen. Door de protectionistische maatregelen van de Amerikaanse president Donald Trump, heeft Airbus daarbij een streepje voor op zijn Amerikaanse concurrent Boeing.

voda 25 juni 2018 20:25

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Chinese firm Chec gets USD 800 million worth of projects

The National reported that China Harbour Engineering Company (Chec) has been awarded 23 projects in Papua New Guinea and the Solomon Islands since 2011 with a total contract value of more than USD 800 million (K2.6 billion), an official says.

Project manager Yuan Huiming said Chec was a subsidiary of China Communications Construction Company Ltd, a state entity.

Huiming said 10 projects had been completed including the Lae Port Tidal Basin development phase one, USD 319 million; National Capital District road projects including the construction of Baruni and Gerehu to 9-Mile roads, USD 146 million; and the design and construction of Koura Way road, USD 29 million.

He said that projects under construction included Apec road, about USD 35 million; Highlands Highway in the Western Highlands, USD 100 million; and the Ela Beach road redevelopment and landscaping, USD 22 million.

Source : The National

voda 25 juni 2018 20:27

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Made-in-China containers to form modular stadium for Qatar World Cup

ECNS reported that a stadium made of shipping containers from China will be constructed for the 2022 World Cup in Qatar. The Ras Abu Aboud Stadium designed by Madrid-based firm Fenwick Iribarren (FIA), together with Schlaich Bergermann Partners and Hilson Moran, will be the first ever demountable, transportable and reusable stadium in the world.

The 40,000-seat stadium, one of 12 new venues for the 2022 World Cup, will cover 450,000 square meters and be built with 990 container modules provided by the Yangzhou base of China International Marine Containers (CIMC).

CIMC, headquartered in the southern city of Shenzhen, said the prototype containers have been manufactured and large-scale mass production will start in July, with the first batch to be delivered in October.

Wang Fei, project manager, said the prototype container is 6 meters long, 2.5 meters wide and high, close to the size and appearance of standard containers.

According to plan, fabrication of all containers will be complete by April 2019 and the project will finish in June 2020.

Wang said the final building process will look like playing with toy bricks using a steel structure as frame with all containers assembled, decorated and painted.

The use of modified shipping containers as modular building blocks will reduce the construction time by three years, save materials and reduce emissions, according to Wang. In future, the stadiums can be disassembled and reused in other places to host matches, or transformed into affordable houses and temporary shelters.

Zhao Youshan, general manager of the CIMC Yangzhou base, said the company began exporting modular buildings in 2005 with projects spread all over the world, including the modular container for the Antarctic scientific research station of Brazil.

Shortly before the opening of the World Cup in Russia, Qatar World Cup Organizing Committee officials checked the prototypes and said they were very satisfied with the products, said Zhao.

Source : ECNS

Bijlage:

voda 25 juni 2018 20:28

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Volkswagen China opens new auto parts plant in Tianjin

Gasgoo reported that FAW Volkswagen Platform Automotive Parts Co Ltd Tianjin Company (hereinafter referred to as Tianjin plant), a new automotive plant jointly invested by Volkswagen Group China and Fawer Automotive Parts Limited Company, has officially been completed, according to Volkswagen Group China. As an important part of the German automaker's China strategy, the Tianjin plant will help the group further promote its localization process in China and improve the regional industrial chain.

The Tianjin plant will focus on manufacturing chassis system and other automotive parts for multiple Volkswagen and Audi branded SUV models, in response to Volkswagen Group's SUV planning.

Mr Joerg Mueller, executive vice president of Volkswagen Group China, said that the completion of Tianjin plant will help Volkswagen Group China enlarge its production capacity around this area, manifesting both shareholders' confidence in China's market.

Mr Mueller said that the Tianjin plant will benefit Volkswagen to boost its localization strategy in China. Both shareholders will jointly work on developing advanced technologies to achieve industrial innovation.

Source : Gasgoo

voda 26 juni 2018 16:57

0

Chinese president zal terugslaan

(ABM FN-Dow Jones) De Chinese president Xi Jinping neemt een hardere houding aan in het handelsconflict met de Verenigde Staten, na de recente escalaties van de onenigheid door de regering-Trump. Dat schreef The Wall Street Journal maandag.

De kans op pijnlijke gevolgen voor de wereldhandel neemt daarmee toe.

Nadat de Amerikaanse president Donald Trump recent de inzet verhoogde op importheffingen voor Chinese producten, zei Xi donderdag tegen een groep van twintig vooral Amerikaanse en Europese CEO's van multinationals dat Beijing van plan is om terug te slaan. "In het Westen bestaat het idee dat als iemand je op de wang slaat, dat je de andere wang toekeert", zei de Chinese leider, volgens personen die een verslag kregen van de bijeenkomst. "In onze cultuur slaan we terug."

Naast invoerheffingen kan Beijing ook fusies en overnames met Amerikaanse bedrijven tegenhouden, vergunningen vertragen of een miljard Chinese consumenten oproepen om geen Amerikaanse producten te kopen.

Volgens Chinese ambtenaren kiest Xi een hardere lijn, nadat zijn herhaalde aanbod om meer Amerikaanse goederen te kopen geen gehoor kreeg bij Trump. "China zal niet wijken voor externe druk", zei een ambtenaar. "Dat is het onderhandelingsprincipe dat president Xi heeft vastgesteld."

De hoop bij beleggers op een schikking voor 6 juli, wanneer de aangekondigde Amerikaanse importheffingen op 34 miljard dollar aan Chinese goederen ingaan, lijkt zo steeds meer te vervliegen.

Door: ABM Financial News.
info@abmfn.nl
Redactie: +31(0)20 26 28 999

© Copyright 2018 Dow Jones & Company. All rights reserved.

DeZwarteRidder 27 juni 2018 15:56

0

Chinese beurs blijft fors achter

De Chinese aandelenbeurs lijkt al jaren het beloofde land voor beleggers. Het grote aantal Chinezen en de toenemende welvaart zouden moeten leiden tot hogere winsten en waarderingen. Op de beurs is deze belofte door grote schokken niet langdurig ingelost. De Chinese beurzen staan nu 20% onder het hoogste punt dit jaar. De handelsoorlog is één van de voornaamste oorzaken, maar ook zonder die dreiging hebben Chinese bedrijven al voldoende zorgen. De rentelasten op dollarleningen lopen op en de kredietgroei wordt bewust verminderd. De overheid wil de controle op de aandelenmarkten verminderen maar schorst bij turbulentie noteringen om beleggers te beschermen. China is qua omvang de tweede aandelenmarkt ter wereld. De nummer 1, de Amerikaanse beurs, doet het de laatste jaren jaar veel beter. Verdere opening van de Chinese markten maar ook faillissementen van inefficiënte staatsgerelateerde ondernemingen zijn nodig om het winstpotentieel in China te kunnen oogsten.

Auteur: Ineke Valke

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