Chinese Company Offers To Acquire Control Of A Leading U.S. Battery Maker :: With annual sales of approximately 19 million vehicles, China's auto industry is now, by far, the largest in the world. Not content to be the world's volume leader, though, government and industry leaders now share a common objective: "To make China's auto industry the innovation leader by 2020." To underscore this objective, Clean Energy Vehicles [...]
http://managingthedragon.com/?p81
Cramer Likes Joy Because China Is "Turning Up" :: Mad Money's Jim Cramer likes Joy Global, Inc. (NYSE: JOY) and rates the company a "Buy." Why? In Cramer's view, China is at the bottom of its economic cycle and is turning up. Therefore, the world's second-largest economy will need more coal to make the electricity to power its growth, and with it, the type of mining [...]
http://managingthedragon.com/?p35
Ford Affiliate to Buy China Truck Maker :: Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China's [...]
http://managingthedragon.com/?p00
Junk Bonds Come To China :: During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single "A" could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]
http://managingthedragon.com/?p04
TAIEX investors' confidence level falls to lowest ever: J.P. Morgan :: (ChinaPost.com.tw) - Taiwan investors' confidence has fallen to a new low due to various negative factors, said J.P. Morgan Asset Management yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/18/358094/TAIEX-investors.htm
Intel forecast sparks warning of lower PC demand :: (ChinaPost.com.tw) - British bank Barclays PLC warned yesterday that PC demand in the fourth quarter of this year will not be as strong as in the past after U.S. chip maker Intel Corp. forecast weak sales growth during the period.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/18/358095/Intel-forecast.htm
Tool manufacturers meet int'l buyers one-on-one :: (ChinaPost.com.tw) - Machine tool and bicycle manufacturers held one-on-one procurement meetings with international buyers in Taichung City yesterday, seeking to get more business from them.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/18/358096/Tool-manufacturers.htm
Memory chip maker Rexchip may get delisted :: (ChinaPost.com.tw) - Rexchip, a memory chip manufacturer traded on Taiwan's emerging stock market, is likely to get delisted after both its chief underwriter and associate underwriter resigned, the firm said.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358098/Memory-chip.htm
Customization essential to HTC: executive :: (ChinaPost.com.tw) - Taiwanese handset maker HTC Corp. will continue to work with telecom operators to produce more customized smartphones based on new technology and localized services, a company executive said Tuesday.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358099/Customization-essential.htm
Hon Hai's Terry Gou remains upbeat about future partnership with Sharp :: (ChinaPost.com.tw) - Hon Hai Group Chairman Terry Gou said yesterday that he remains confident about future partnership with the Japanese company Sharp Corp.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358101/Hon-Hais.htm
Smartphone users top 1 billion, five years after release of iPhone: report :: (ChinaPost.com.tw) - Five years after the release of the iPhone, there are now over a billion smartphone users worldwide, according to a report released Wednesday.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358102/Smartphone-users.htm
200 local, French experts to discuss electric vehicle sector at Taipei forum :: (ChinaPost.com.tw) - Some 200 experts from Taiwan and France will discuss future trends and further cooperation in the electric vehicle sector at a forum to be held in Taipei on Oct. 18, according to the organizers.
http://www.chinapost.com.tw/business/asia-taiwan/2012/10/18/358103/200-local.htm
Germany revises outlook, cuts official '13 economic growth forecast to 1% :: (ChinaPost.com.tw) - The German government is cutting its official 2013 economic growth forecast from its previous prediction of 1.6 percent to 1 percent.
http://www.chinapost.com.tw/business/europe/2012/10/18/358104/Germany-revises.htm
Britain's official jobless rates drops by 50,000 to 2.53 million: official data :: (ChinaPost.com.tw) - The number of unemployed people in recession-hit Britain fell by 50,000 to 2.53 million in the quarter to August from the total in the previous quarter, official data showed on Wednesday.
http://www.chinapost.com.tw/business/europe/2012/10/18/358105/Britains-official.htm
French government, banks prepare to rescue Peugeot's finance arm: report :: (ChinaPost.com.tw) - The French government and several banks are preparing a rescue for Banque PSA Finance, the credit arm of ailing French automaker PSA Peugeot Citroen, the Le Figaro newspaper reported on its web site.
http://www.chinapost.com.tw/business/europe/2012/10/18/358107/French-government.htm
US probe unlikely to affect business: Huawei :: (ChinaPost.com.tw) - China's Huawei Technologies Co. Ltd. said on Wednesday a U.S. congressional committee probe into whether its access to communications infrastructure poses a security risk is unlikely to affect its businesses in other overseas markets.
http://www.chinapost.com.tw/business/asia-china/2012/10/18/358108/US-probe.htm
Japan PM to call for stimulus; impact in doubt :: (ChinaPost.com.tw) - Japan's prime minister plans a new round of stimulus to try to revive economic growth, media reported on Wednesday, but at 1 trillion yen (US$12.7 billion) economists say it will be too small to have a lasting impact.
http://www.chinapost.com.tw/business/asia/japan/2012/10/18/358109/Japan-PM.htm
BHP Billiton chief says Chinese steel surge has peaked, growth to fall :: (ChinaPost.com.tw) - BHP Billiton chief Marius Kloppers said on Wednesday that China's steel surge had peaked and iron ore and steel growth was likely to decline, as the miner delivered a mixed quarterly production report.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358110/BHP-Billiton.htm
Nissan shows off new safety features, electronic steering :: (ChinaPost.com.tw) - Electronically managed steering that completely bypasses the mechanical link of a clutch is among the new safety technology from Japanese automaker Nissan. Other vehicles are smart enough to park themselves. And some swerve automatically to avoid pedestrians.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358111/Nissan-shows.htm
Philippines puts Xstrata's mine on hold citing environmental clearance :: (ChinaPost.com.tw) - A US$5.9 billion mining project by Swiss giant --strata in the Philippines may not begin operations in 2016 as scheduled owing to delays in getting environmental clearance, the government said Wednesday.
http://www.chinapost.com.tw/business/asia/philippines/2012/10/18/358112/Philippines-puts.htm
Bank of Thailand drops rates as global economy slows pace :: (ChinaPost.com.tw) - Thailand's central bank cut interest rates for the first time in nine months Wednesday as it looks to support the country's manufacturing sector and fight the effects of a global slowdown.
http://www.chinapost.com.tw/business/asia/thailand/2012/10/18/358114/Bank-of.htm
Vietnam telcos to join in Asian undersea Internet cable project :: (ChinaPost.com.tw) - Vietnam has agreed in principle to allow the country's three telecom giants VNPT, Viettel and CMC TI, to participate in a US$450 million international project to lay a 10,000-kilometer undersea internet cable, according to the government office.
http://www.chinapost.com.tw/business/asia/vietnam/2012/10/18/358115/Vietnam-telcos.htm
China issues nuclear safety plan, faces US$12.74 bil. investment :: (ChinaPost.com.tw) - China will have to spend around 80 billion yuan (US$12.74 billion) by 2015 to upgrade the security of its nuclear facilities and radioactive contamination control to international standards, a report issued by the Ministry of Environmental Protection said.
http://www.chinapost.com.tw/business/asia-china/2012/10/18/358116/China-issues.htm
China's Spring Airlines offers reduced-price tickets to Japan :: (ChinaPost.com.tw) - Unlike other Chinese airlines that are slashing flights to Japan amid escalating tensions between the two countries over the Diaoyu Islands (known in Japan as Senkaku), Shanghai-based Spring Airlines decided to offer reduced tickets for flights between Shanghai and the Japanese prefectures of Saga and Kagawa.
http://www.chinapost.com.tw/business/global-markets/2012/10/18/358117/Chinas-Spring.htm
Thailand raises US$1.4 billion in long-awaited 3G mobile auction :: (ChinaPost.com.tw) - Thailand raised 41.6 billion baht (US$1.4 billion) Tuesday in a long-awaited auction of third-generation (3G) mobile telephone operating licenses, regulators said.
http://www.chinapost.com.tw/business/asia/thailand/2012/10/18/358119/Thailand-raises.htm
S. Korean city allows restaurants, cafes to accept foreign currency :: (ChinaPost.com.tw) - The Incheon Free Economic Zone Authority has selected 40 restaurants and cafes in Songdo International City that will be able to accept dollars and euros as part of its efforts to improve living conditions for foreign residents.
http://www.chinapost.com.tw/business/asia/korea/2012/10/18/358120/S-Korean.htm
Get Ready For More China Overseas Investment :: All signs point to the fact that Chinese companies are gearing up to make more overseas direct investments (ODI) in coming years. Moreover, there are indications that they are likely to find more welcoming arms than they have in the past — at least in some circles. First, there’s the anecdotal evidence. Just in the [...]
http://managingthedragon.com/?p56
Making Sense Of China's Numbers :: With most of the world's major economies still sputtering, there isn't a day that goes by that economic and business commentators don't bring up China, and the fact that the biggest, fastest-growing economy in the world is slowing, and dampening the growth prospects for the global economy in the process. If that's not bad enough, [...]
http://managingthedragon.com/?p66
China's Financial Institutions Expand Overseas :: The world's beleaguered financial services industry may begin receiving much needed capital support from an unexpected source—China. Reflecting the relative strength and growth of their country's underlying economy, Chinese banks and securities firms are now following the examples of their industrial cousins and stepping up overseas expansion plans. Ever since I've been in China, the [...]
http://managingthedragon.com/?p49
Lincoln Joins the Luxury Car Race in China :: Last week, the Ford Motor Company (NYSE: "F") announced that it will launch Lincoln in China in the second half of 2014. Ford is currently in negotiations with potential dealers with a goal to establish an independent dealer network for the model that will offer a new level of personalized service not currently offered by [...]
http://managingthedragon.com/?p22
Private Equity In China: Too Much Money, Too Few Deals :: When I was in the auto business, the statistics published by the Chinese government said that there were approximately 2,500 components companies in the country. Those of us in the industry, though, knew that this number only counted the firms that were registered with the government and vastly underestimated the number of companies actually making [...]
http://managingthedragon.com/?p77
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