News

  • Published by sarajevotimes.com, 26th Mar 2017 in category Engineering / Manufacturing in English

    There is a factory in southwest China’s Chengdu City, which, should you want to visit, has a one month waiting list.The attraction? A successful realization of China’s ambitious industrial evolution plan “Made in China 2025.”Itleads an expected result: exceptional levels of productivity and quality. China’s government understands that multinational companies have the potential to play a vital role in the renewal of its economy, but multinationals must also understand that China needs reliable partners, partners who think long term and do not sidestep the challenges ahead, CEO of Siemens pointed out. Many foreign manufacturers rushed to open factories in China, to capitalize on the cost effectiveness of “Made-in-China.” With China well on track to boost its global competitiveness through “Made in China 2025,” the widespread application of digital technology could further accelerate progress in energy efficiency and productivity, according to ABB CEO, Ulrich Spiesshofer. “Few countries are better positioned than China to embrace the digital revolution with the world’s most Internet users, largest digital retail market and most machine-to-machine mobile connections”, Mr. Spiesshofer added. He also said that ”The challenge is to integrate Chinese enterprises into the digital economy by connecting their robots, machines and plants to the industrial Internet and we could provide such information as well as digital know-how”.

  • Published by france24.com, 23rd Mar 2017 in category General Interest in English

    he world's biggest watch fair will open in Switzerland this week, even as slumping exports of luxury Swiss timepieces appear to dash hopes of a market rebound.Global exports of Swiss watches slid 10% in February to CHF 1.5 billion (USD 1.5 billion, EUR 1.4 billion), the Federation of the Swiss Watch Industry (FHS) said Tuesday.The news cast a shadow over the looming Basel world trade fair, which opens its doors to the media on Wednesday and to the public a day later.The giant gathering in the northern Swiss city of Basel is the highlight of the year for watch and jewellery makers, with hoards of retailers looking to fill their showcases with pricey bling.Investors had been hoping this year's 45th edition would open on a more positive note amid signs that the market was stabilising and even on the verge of a rebound after two years of deep crisis.

  • Published by chinadaily.com.cn, 20th Mar 2017 in category Culture & Society in English

    Singapore and Hong Kong are the most expensive cities in the world, according to the latest survey by the Economist Intelligence Unit. Zurich in Switzerland is third. Meanwhile, Chinese cities also fell down the world rankings, because of the steady devaluation of the renminbi. Beijing fell 16 places to 47, while Suzhou, Guangzhou, and Tianjin fell more than 13 places to share 69th place. Despite the rankings, there is a wide variety between the cities in the costs of different goods and services. The survey is published twice a year and is aimed at human resource and finance departments, to help them calculate allowances and compensation packages for staff.

  • Published by swissinfo.ch, 17th Mar 2017 in category Bilateral Relations in Chinese

    With billions in sales, Chinese online retailer Alibaba Group reaches customers outside of Asia with its Amazon-like AliExpress – and now offers Swiss ‘gold bars’ along with Swiss Francs at a fraction of the going price. Among the offers on the online retailer’s website are one-ounce (28.3-gram) bars of “high quality gold plated bullion” selling for USD 2.90 (CHF 2.94) each.The bars contain the words “Credit Suisse” and an alleged serial number. Delivery is possible to the United States and some places in Europe – but not to Switzerland.However, the imitation items are nowhere near as valuable as the real thing, which sells for well more than CHF 1,000 per ounce, or over CHF 50 per gram.Credit Suisse told Swiss news portal 20min.ch, which first reported on the fake gold bars, that it would confiscate any such purchases that might turn up at a bank counter, the same as with counterfeit bank notes.

  • Published by lenews.ch, 13th Mar 2017 in category Culture & Society in English

    According to government statistics released today, the number of Swiss living abroad increased by 2.9% in 2016, reaching close to 775,000. This means around 1 in 9 Swiss nationals lives outside Switzerland. Growth in the number leaving has been accelerating. In previous years the growth rate was around 2%. The most popular places Swiss choose to live are France (26%), Germany (12%), USA (11%), Italy (7%), and Canada (5%), which together account for 60% of the total. The UK (5%), Spain (3%), Israel (3%) and Austria (2%), account for a further 16%. A further 11% live in the following ten countries: Argentina, Brazil, Thailand, South Africa, Belgium, Netherlands, New Zealand, Sweden, Mexico, and China (including Hong Kong). These top 20 nations together account for 87% of Swiss expatriates.

  • Published by customstoday.com.pk, 10th Mar 2017 in category BUSINESS NEWS in English

    Vaud, a French speaking Canton near Lake Geneva, was the sole focus at a Swiss wine tasting organized by Hong Kong’s Swiss wine importer, Swiss Wine Shop, and its wine trade organization, Office des Vins Vaudois (OVV), this week in Hong Kong. Producing about 25% of the country’s total wines, the region is home to a UNESCO site, Lavaux, an area known for its beautiful, terraced vineyards. The majority of its wines are consumed domestically and less than 2% of the wines are exported. Trailing behind Germany and the UK, Asia has slowly emerged on the map after Swiss wines were first exported here a few years back. In Shanghai, the wine seems to be taking off as well. “Chasselas is the wine that is very fresh, open and you can pair it with any kind of food. You know how people are like in China where they eat everything on the table. It’s difficult to do a wine pairing, and Chasselas works very well even with spicy dish,” said Philippe Huser, owner of Napa Wine Bar & Kitchen in Bund, which imports about 6,000 bottles of Chasselas to Shanghai. With the whole packaging of UNESCO and Swiss image, the wine became an instant hit, he added.

  • Published by fmprc.gov.cn, 07th Mar 2017 in category Bilateral Relations in Chinese

    On 6 March, the Chinese Ambassador to Switzerland Mr. Geng Wenbing invited Mr. Guy Parmelin, the Swiss Federal Councillor and head of the Department of Defense, Civil Protection and Sports to his official residence. Ambassador Geng said the current Sino-Swiss strategic partnership is at a comprehensive and rapid development stage. The pragmatic cooperation achieved significant results in various fields. He also expressed his willingness to take this opportunity to increase the high-level exchanges and visitsand enhance the mutual understanding and cooperation, in order to promote the development of bilateral relations to a higher level. Mr. Parmelin also stated that Swiss attached great importance to the friendly relationship and collaboration between China and Switzerland. He is willing to strengthen high-level exchanges as well in military reform, technical exchange, personnel training and other fields and make new contribution to Sino-Swiss relations.

  • Published by chinadaily.com.cn, 04th Mar 2017 in category Engineering / Manufacturing in English

    Swiss agrochemical and seed producer Syngenta AG has said it is willing to work with more Chinese partners to make agriculture more sustainable in the country and to rejuvenate China's ecosystems. The company is already working with academics at the Yantai Academy of Agricultural Sciences, apple growers and the vineyard of COFCO Great Wall Winery (YanTai) Co Ltd in Shandong province to adopt practical measures to improve soil quality and sustainability in their orchards.

  • Published by chinadaily.com.cn, 01st Mar 2017 in category Culture & Society in English

    Voters in Switzerland decided on Sunday to make it easier for young "third-generation foreigners" to get Swiss citizenship, agreeing to extend to about 25,000 people under age 25 access to the fast-track process now available to foreign spouses of Swiss nationals. The national statistics office said the "naturalization of third-generation immigrants" initiative passed with 60.4% of the vote, paving the way to a simplified path to citizenship for young people whose parents and grandparents have lived in Switzerland for decades. As in some other European countries, being born in Switzerland doesn't automatically confer citizenship. While about 25,000 people are estimated to be eligible for the new process, the referendum's passage ultimately could be far-reaching in a country where non-citizens make up one-fourth of the population.

  • Published by chinadaily.com.cn, 26th Feb 2017 in category BUSINESS NEWS in English

    Switzerland, with its rich experiences in winter sports, could cooperate with China to ensure the success of the Beijing 2022 Winter Olympic Games, said Swiss officials. Roger Schnegg, director of Swiss Olympic committee, told China Daily in Beijing that as the nation where the International Olympics Committee is headquartered, Switzerland has played a leading role in winter sports as well as many other areas. "We are the global leader in winter sports. We are the global leader in sustainable tourism and hospitality services. We are the global leader in innovation and clean technology. That's overall, not only in winter," he said. He was on a three-day visit to China last week with more than 40 representatives from 14 Swiss companies, associations and institutes, including SwissCham Beijing. The delegation members visited Chongli in North China's Hebei province where the Beijing 2022 Winter Olympic Games will be held. During the visit, the representatives met with people from Chinese government and companies to discuss cooperation issues for the winter sports. A memorandum of understanding was also signed to establish friendly cities between the Swiss tourism resort Verbier and Chongli.

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