A123: Another Test For China's U.S. Expansion Plans :: The pending auction of the battery business of A123 Systems, Inc. (OTC Markets: "AONEQ") will present yet another test for the U.S. expansion plans of Chinese companies interested in becoming global players. On October 16, A123, a Massachusetts-based company that designs, develops, manufactures, and sells rechargeable lithium-ion batteries and energy storage systems, filed for bankruptcy [...]
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Managing The Dragon's 2013 China Predictions :: In December, I had an opportunity to speak about China to audiences in such diverse cities as New York, Philadelphia, Anchorage, Cincinnati, Pittsburgh and Reno. The audiences represented a wide range of occupations—from hedge fund and investment managers to ordinary investors, business men and women, students and government officials. As a result, I received a [...]
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Canada Greenlights CNOOC's Purchase of Nexen :: Last Friday, the Canadian government approved China's biggest overseas energy acquisition, a $15.1 billion takeover of Nexen Inc. (NYSE: "NXY") by CNOOC Ltd. (NYSE: "CEO"). State-owned CNOOC is China's largest offshore driller, while Nexen is a Calgary based independent energy company that operates in Canada, the United Kingdom, and the United States, and offshore West [...]
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Opportunities In China: The Next 10 Years :: In his keynote speech at the opening of the 18th National Congress of China's Communist Party, Hu Jintao, the outgoing President of China, set a new target for economic growth, saying that China should double its 2010 GDP and per capita income by 2020. “On the basis of making China’s development much more balanced, coordinated and [...]
http://managingthedragon.com/?p93
Air Quality In China :: The ink on the paper with my predictions for China was barely dry when what may become "the" story of 2013 came onto the scene—air quality. If I knew then what I know now, I would have had to have included a discussion about air quality. In the run-up to the Beijing Olympics in 2008, [...]
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Wrapping Up The Year Of The Dragon :: Self-criticism is an essential element of critical thought that many regard as healthy and necessary for learning. From a purely medical point of view, engaging in self-criticism activates areas of the brain that are responsible for processing error detection and correction. In China, self-criticism is one of the oldest Confucian practices. Every year at this [...]
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Winners And Losers In China's Passenger Car Industry :: For the first 10 months of 2012, a total of 10.8 million passenger cars were sold in China, up 7.6 percent from the comparable period last year. China is now, by far, the largest passenger car market in the world, and given its size and importance, investors want to know: "Who is winning and who [...]
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HTC stock drops despite launch of new phone :: (ChinaPost.com.tw) - HTC shares fell 1.6 percent yesterday despite the firm's introduction of its new flagship smartphone model that many predicted would find huge market popularity.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370897/HTC-stock.htm
Science parks rake in NT$2.41 tril. in '12 :: (ChinaPost.com.tw) - The three technology parks in Taiwan yielded a year-on-year growth rate of 5.2 percent for 2012, with total revenues reaching NT$2.41 trillion, representing the second highest amount recorded, the National Science Council (NSC, 國科會) announced yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2013/02/21/370898/Science-parks.htm
Global economy set to rebound: Uni-President chief :: (ChinaPost.com.tw) - The global economy is set to rebound this year, Uni-President chief Alex Lo said at a press conference yesterday.
Lo said that exports will be the driving force behind Taiwan's economic growth. However he warned that this growth will rely on the global monetary situation, which still contains uncertain factors that may benefit or hurt Taiwan's export industry.
http://www.chinapost.com.tw/business/asia-taiwan/2013/02/21/370899/Global-economy.htm
IC production to decline in Q1 yet grow in 2013 :: (ChinaPost.com.tw) - Taiwan's semiconductor production value is expected to decline in the first quarter yet enjoy an overall increase for 2013, the Industry and Technology Intelligence Service (ITIS) under Ministry of Economic Affairs' Department of Commerce said yesterday.
http://www.chinapost.com.tw/business/asia-taiwan/2013/02/21/370901/IC-production.htm
US dollar loses NT$0.086 to close at NT$29.600 in Taipei :: (ChinaPost.com.tw) - The U.S. dollar fell against the New Taiwan dollar yesterday, losing NT$0.086 to close at NT$29.600.
Turnover totaled US$728 million during the trading session.
http://www.chinapost.com.tw/business/asia-taiwan/2013/02/21/370903/US-dollar.htm
Hotai Motor says bullish on domestic automobile market :: (ChinaPost.com.tw) - Hotai Motor Co., Taiwan's largest automobile retailer and the country's Toyota dealer, forecast yesterday that 370,000 cars could be sold in Taiwan this year and that the company's local market share could surpass 34 percent.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370904/Hotai-Motor.htm
Chinese portal Sina says profits tumble 75% on weak revenue :: (ChinaPost.com.tw) - Chinese portal Sina Corp.'s quarterly profit tumbled 75 percent on relatively small revenue for its microblog service.
Sina said Wednesday it earned US$2.4 million in the three months ending Dec. 31, compared with US$9.3 million a year earlier. Revenue rose 4 percent to US$139.1 million.
http://www.chinapost.com.tw/business/asia-china/2013/02/21/370906/Chinese-portal.htm
Embattled Sony announcesasset sale of US$1.2 billion :: (ChinaPost.com.tw) - Sony said Wednesday it would book a US$1.2 billion gain from selling part of an online medical services unit, the Japanese electronics giant's latest asset sale as it eyes a full-year profit.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370907/Embattled-Sony.htm
Thailand holds interest rates unchanged on brighter outlook :: (ChinaPost.com.tw) - Thailand's central bank left its benchmark interest rate unchanged at 2.75 percent on Wednesday in the wake of data showing record economic growth in the fourth quarter of 2012.
http://www.chinapost.com.tw/business/asia/thailand/2013/02/21/370909/Thailand-holds.htm
GE to invest over US$300 mil. into technology in Indonesia :: (ChinaPost.com.tw) - U.S. conglomerate General Electric said Wednesday it planned to invest more than US$300 million over five years to develop new technologies in Indonesia, one of the world's fastest growing economies.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370910/GE-to.htm
A closer look at Mandiant, the cybersecurity scourge of Chinese hackers :: (ChinaPost.com.tw) - A private technology security firm on Tuesday described in extraordinary detail efforts it blamed on a Chinese military unit to hack into 141 businesses, mostly inside the U.S., and steal commercial secrets. China denies the claim. Here's a look at the company, Mandiant, and why its report is significant.
http://www.chinapost.com.tw/business/asia-china/2013/02/21/370911/A-closer.htm
Japan logs worst-ever monthly trade deficit of US$17.4 billion :: (ChinaPost.com.tw) - Japan logged its worst-ever monthly trade deficit in January despite an upturn in exports as the yen's recent sharp drop pushed fuel costs higher, official data showed Wednesday.
http://www.chinapost.com.tw/business/asia/japan/2013/02/21/370912/Japan-logs.htm
New Zealand dollar overvalued, but no quick fixes to lower it: governor :: (ChinaPost.com.tw) - The New Zealand dollar is significantly overvalued compared with its economic fundamentals, but there are no quick means to bringing it down, including intervention, the central bank governor said on Wednesday, skittling the currency by nearly half a cent.
http://www.chinapost.com.tw/business/asia/new-zealand/2013/02/21/370914/New-Zealand.htm
Britain's workers prefer to splurge :: (ChinaPost.com.tw) - More than half of British workers would rather spend spare cash on a holiday than save it for their retirement, a survey from banking group HSBC said on Wednesday.
http://www.chinapost.com.tw/business/europe/2013/02/21/370915/Britains-workers.htm
World's biggest food firms embroiled in Europe horsemeat scandal :: (ChinaPost.com.tw) - The world's biggest food company, Swiss-based Nestle, and the world's top beef producer, JBS of Brazil, were Tuesday the latest in a long list of firms to be caught up in Europe's spiraling horsemeat scandal.
http://www.chinapost.com.tw/business/europe/2013/02/21/370916/Worlds-biggest.htm
Horsemeat fear raises its ugly head in Hong Kong :: (ChinaPost.com.tw) - Fears over a Europe-wide food fraud scandal concerning horsemeat sold as beef have spread to Hong Kong after an imported brand of "beef" lasagna was pulled from shelves, officials said Wednesday.
http://www.chinapost.com.tw/business/europe/2013/02/21/370917/Horsemeat-fear.htm
BHP Billiton CEO Marius Kloppers to step down in May as profit drops :: (ChinaPost.com.tw) - BHP Billiton, the world's biggest mining company, said Wednesday its chief executive Marius Kloppers will retire in May. The company also announced a 58-percent fall in half-year profit.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370918/BHP-Billiton.htm
Danone reveals plans to eliminate nearly 1,000 jobs as profits stagnate :: (ChinaPost.com.tw) - French food industry group Danone said it would cut 900 management and administration jobs across Europe as it reported a flat net profit for 2012 of 1.81 billion euros (US$2.4 billion).
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370920/Danone-reveals.htm
India's Kingfisher Airlines sees stock rise as UB Group doubles loan cap :: (ChinaPost.com.tw) - Shares in India's debt-laden Kingfisher Airlines rose 5 percent Tuesday after its parent firm United Breweries said it would raise the sum it can lend to the carrier, which is desperate for cash.
http://www.chinapost.com.tw/business/asia/india/2013/02/21/370922/Indias-Kingfisher.htm
CVC Capital, BC Partners readying 3.5-billion-euro bid for Elior: FT :: (ChinaPost.com.tw) - Private equity firms CVC Capital Partners and BC Partners are readying a bid for France's Elior that values the catering company at 3.5 billion euros (US$4.67 billion) including debt, the Financial Times reported on Tuesday.
http://www.chinapost.com.tw/business/global-markets/2013/02/21/370923/CVC-Capital.htm
Spectris's operating profit expands by 12 percent thanks to acquisitions :: (ChinaPost.com.tw) - British engineering company Spectris PLC said full-year operating profit rose 12 percent as sales in its industrial controls business almost doubled, helped by acquisitions it made in 2011.
http://www.chinapost.com.tw/business/europe/2013/02/21/370924/Spectriss-operating.htm
Oil prices drop below US$94 per barrel :: (ChinaPost.com.tw) - Oil fell below US$94 a barrel Thursday as disagreement among U.S. Federal Reserve officials about its super easy monetary policy weighed on prices ahead of the release of a report on U.S. crude inventories.
http://www.chinapost.com.tw/business/global-markets/2013/02/22/370943/Oil-prices.htm
Google set to sell Internet glasses to winners of contest :: (ChinaPost.com.tw) - Google is giving more people a chance to pay US$1,500 for a pair of the Internet-connected glasses that the company is touting as the next breakthrough in mobile computing.
http://www.chinapost.com.tw/business/company-focus/2013/02/22/370928/Google-set.htm
Happy Thanksgiving to MTD's Readers :: Having lived in China for the past 20 years, one question I'm frequently asked is: "What about the United States do you miss most?” For my wife and me, the answer to that question is easy—the holidays. On the Fourth of July, Memorial Day, or Labor Day, when everyone in the States is taking a [...]
http://managingthedragon.com/?p 09
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