22 мая 2010 г.

I had listened a podcast:"Companies in China trade mission"

Invest Northern Ireland is leading a week-long trade mission to China.
Delegations from 14 businesses, as well as the University of Ulster and Foyle Language School, are taking part and will visit three Chinese cities. 
This will include a first time visit to Chongqing, one of China's fastest growing business centres. 
All of the delegations have pre-arranged meetings with executives from existing and potential customers. 
Dr Vicky Kell, trade director for Invest NI, said they have put structures in place to help the companies establish business in the country. 
"As a direct result of our programme of business activities in China over more than 10 years, many Northern Ireland companies now have very strong and rapidly developing trade and investment links across this huge and vibrant nation. 

"China is currently one of Northern Ireland's most important export markets," she said. 
"We all expect good business contacts to result from this mission and that most of the participating companies will return soon to follow these up and to develop worthwhile business here." 


I had listened a podcast:"Chinese shares drop to one-year low on property curbs"

Chinese shares have fallen to their lowest point in a year after plans to tighten up on property price inflation worried investors.
Chinese Premier Wen Jiabao was quoted by the official Xinhua news agency as saying the government would curb excessive rises in property prices. 
The Shanghai Composite index dropped by 5.07% to close at 2,559.93 points. 
Dealers were also worried about falls in other world markets, caused by continuing fears about the eurozone. 
Property price inflation rose 12.8% in the year to April to a five-year high in China. 
The authorities have announced a series of measures designed to take the heat out of the market over the past month, including increasing the size of the deposit needed to buy a second property and introducing new restrictions on loans for those buying a third property. State media reported on Monday that China's National Development and Reform Commission was now drafting tighter rules for the property market. 
The government has already introduced restrictions on bank lending, also designed to cool economic growth.

I had listened a podcast:"Pepsi to invest $2.5bn in China over three years"

PepsiCo Inc has announced it will invest $2.5bn (£1.72bn) in China over the next three years.
The world's second biggest drinks maker said it would open 19 new plants and install new production lines at existing facilities. 
"China is a vibrant market and has decades of growth ahead of it," Chief Executive Indra Nooyi said. 
Pepsi currently lags behind Coke in China, with less than half of its rival's market share. 
China is seen as a critical emerging market for soft drink makers, which have experienced sluggish sales in recent years in the saturated US market. 
In 2008, Coke held a 15.7% market share, with Pepsi having 7.2%, Consumer Edge Research chief Bill Pecoriello was quoted by Reuters as saying. 
PepsiCo, based in Purchase, New York, plans to open plants in Fujian, Gansu, Henan, and Yunnan provinces. 
The company said it also planned to create new products aimed specifically at the Asian market

4 апр. 2010 г.

I had listened podcast:"China's Geely buys Volvo for $1.8bn"

The Chinese car maker Geely has signed a deal to buy Volvo from US car giant Ford for $1.8bn (£1.2bn).The agreement, which was first announced in December, is the biggest overseas purchase by a Chinese car manufacturer. "Today represents a milestone for Geely," the company's chairman Li Shufu said. Loss-making Volvo has been on the market since 2008, when Ford put it and several other brands up for sale. Jaguar and Land Rover in the UK have already been sold to India's Tata Motors. Ford hopes that the sale of Volvo will help it pay off its debts and focus on its core brands, following a dire period for the global car industry. The deal represents a loss for Ford, however, having bought Volvo in 1999 for $6.5bn. However, significant manufacturing is expected to take place in China, making Volvos for Chinese consumers. Analysts view the deal as a good one for Volvo, which has struggled to grow sales and has not made a profit since 2005.

I had listened podcast:"World of corruption in China"

Bribery and other forms of corruption are problems often encountered by foreign businesses operating in China.This can result in companies providing clients with expensive trips abroad, lavish meals and red envelopes stuffed with money. But not all businesses get drawn into this murky world; some say they abide by the same high standards they observe elsewhere. And one foreign business advisor said firms that supply good products and services will always do well - even if they refuse to be corrupt. The use of bribery in the business world in China has come into sharp focus because of the trial involving four executives working for the Anglo-Australian mining firm Rio Tinto. The four were sentenced in Shanghai to between seven and 14 years in prison for taking bribes and stealing commercial secrets.

I had listened podcast:"Ericsson announces $1.8bn China deals"

Swedish telecoms equipment group Ericsson has announced deals with China Mobile and China Unicom worth a combined $1.8bn (£1.2bn).Ericsson will provide China Mobile, the world's biggest mobile operator, with equipment to boost the capacity of its mobile network. It will supply its rival, China Unicom, with a faster 3G network. China is the world's biggest mobile phone market with more than 700 million mobile users. "The signing of the significant frame agreements is a manifestation of our continued strong co-operation with our Chinese customers," said Mats Olsson, head of Ericsson in China. Earlier this year, Ericsson reported a 92% fall in quarterly profits as the company continued major restructuring work. Net profit for October to December was 314m kronor ($43m; £29m), compared with 3.89bn kronor for the same quarter in 2008.

I had listened podcast:"Protests in Taipei over possible trade deal with China"

Officials from China and Taiwan are meeting near Taipei for two days of talks on a controversial trade liberalisation agreement.The agreement could have a big impact on Taiwan. Taiwanese society remains divided on whether free trade with China would be good or bad for the island, which Beijing wants one day to take back. But despite objections from certain sectors, Taiwan's government hopes to sign the deal by June. Tens of thousands of protesters gathered in central Taiwan's Taichung City to protest against the proposed agreement during the visit of a top Chinese negotiator in December. On Wednesday, only about 150 people protested, some clashing with police outside the meeting venue near Taipei. Those who oppose it say the agreement would hurt Taiwan's workers - as cheaper Chinese products flood the market after tariffs are cut. Worse, they fear the deal will make the island economically dependent on China, and harm its independence and sovereignty. But the government insists Taiwan cannot afford not to reach a free-trade deal with China - its biggest trade partner, especially as Beijing signs similar deals with other countries.The government says the agreement would allow the island to enjoy tariff-free trade with China, gain greater access to China's market, increase economic growth and create jobs. With the 2012 presidential election not far away, Taiwan's president has vowed not to sell out Taiwan and to keep Taiwan's interest as top priority. China is also unwilling to see Taiwan's anti-China opposition party win the next presidential race. That is why, analysts say, Beijing will probably give in to Taiwan's demands in the talks.

I had listened podcast:"Is China exporting its unemployment?"

WASHINGTON (AFP) – The US Treasury Saturday delayed a currency report, due later this month, that could accuse China of currency manipulation.Treasury Secretary Timothy Geithner announced the delay in a statement, saying there were better venues to advance US interests"There are a series of very important high-level meetings over the next three months that will be critical to bringing about policies that will help create a stronger, more sustainable, and more balanced global economy," he said.The United States has long-accused Beijing of manipulating the yuan's rate against the dollar, to boost Chinese exports.Some experts believe the Chinese currency is undervalued against the dollar by up to 40 percent. The United States and China's other trading partners claim that it gives the Asian giant an unfair trade advantage by making Chinese exports cheaper.Irate US lawmakers have demanded the Treasury label China a "currency manipulator."But Democratic Congressman Sandy Levin said the delay will give the administration time "to see if, in the next few months, the international community will address the causes of major global imbalances, including China's substantial undervaluing of its currency, which hurts American jobs and businesses."If the multilateral effort does not result in China's making significant changes, the administration and Congress will have no choice but to take appropriate action," he said.Speculation had been swirling that Treasury would delay the report to avoid embarrassing President Hu Jintao ahead of his visit to Washington later this month.