News

  • Published by switzerland-ge.com, 28th Apr 2013 in category Legal / Tax / Consulting / Services in French

    The Value Added Tax (VAT) pilot program, currently in force in selected cities and provinces across mainland China, will be expanded nationwide on 1st August 2013. This includes the existing industries and further extends the scope of Modern Services to encompass the production, broadcasting and distribution of media and cinematic productions. In addition, railroad transportation, postal and telecommunications will be added at the appropriate time. 

  • Published by Wall Street Journal, 27th Apr 2013 in category Business in English

    Last year, Swiss watchmakers cheered as exports of timepieces grew 10.9% to a record CHF 21.42 billion (USD 22.65 billion). Behind the rise: Buying in China, where watches are often given to government officials as gifts. But the Chinese growth engine appears to be losing steam. The prospect of a sharply slower Chinese market - and how it might affect the industry - has dominated chatter at the Baselworld watch show. "There is no reason to worry, it's a slowdown, not a decline" said Jean-Claude Biver, chairman of Hublot. But many watchmakers think the industry has peaked, at least in the near term.

  • Published by China Daily, 26th Apr 2013 in category Business in English

    Chongqing is one of more than 20 provincial areas or cities across China that have devised plans to explore the general aviation industry after State-level plans were issued in 2010. The general aviation industrial park in Chongqing, in the Liangjiang New Area, is now home to three aircraft or aircraft parts manufacturers, including the Swiss aircraft manufacturer Pilatus Aircraft Ltd and Chongqing Helicopter Investment Co Ltd. Pilatus built two production lines for its fixed wing aircraft, the PC-6 and PC-12 passenger and cargo planes, in the industrial park last year. There are more than 40 orders for the PC-6 aircraft, mainly from government institutions and general aviation companies.

  • Published by swissnexchina.org, 26th Apr 2013 in category General Interest in English

    China is on the way to becoming the world‘s largest economy. The Chinese government is investing heavily in its infrastructure and as a result the Chinese market is developing rapidly. Known in the past as a low-wage country for manufacturing, China is increasingly valued for its market potential and innovative capacity. The average purchasing power of the Chinese is increasing steadily, as is their level of education. The University of Applied Sciences and Arts Northwestern Switzerland is newly offering a CAS International Management China focusing on those topics.

  • Published by China Daily, 26th Apr 2013 in category Bilateral Relations in English

    Chinese Vice-Premier WANG Yang met with Swiss Vice-President and Foreign Minister Didier Burkhalter on Thursday, pledging closer ties between the two nations. Wang said during the meeting that China and Switzerland enjoy sound development of bilateral ties and their economies are highly complementary. The two sides need to “uphold the principle of mutual benefit, seek common ground and handle problems with flexibility so as to create favorable conditions for the signing of a China-Switzerland free trade agreement”, Wang said. Burkhalter voiced hope for advancing negotiation on a balanced and mutual beneficial free trade agreement between the two countries.
     

  • Published by La Liberte, 25th Apr 2013 in category Business in French

    The Swiss watchmaker Corum has been acquired by Haidian Holdings Limited of China, marking the first time a Swiss watchmaker with the “haute horlogerie” distinction has been bought out by a Chinese company. The CHF 86 million (USD 90.6) agreement is intended to allow Haidian to expand its presence in the Swiss luxury watch market while helping Corum to strengthen its brand worldwide, company representatives expressed at this week’s Baselworld watch industry trade fair.

  • Published by China Daily, 25th Apr 2013 in category Engineering / Manufacturing in English

    International chemical company Clariant AG plans to double its sales in China within several years. According to Per Sjoberg, regional head of Clariant Greater China, the Swiss company’s sales reached CHF 606 million (USD 640 million) last year, more than doubling that of 2005. "We have realized the target we set. We are on our way to continue doubling our sales in China in the coming years, everything is on the right track,” he said. To support the fast growth, the innovation-centered company will strengthen its technical service capabilities by nearly doubling the number of engineers in its Shanghai technical application laboratory.

  • Published by SinOptic, 24th Apr 2013 in category Bilateral Relations in English

    The Head of the Federal Department of Foreign Affairs (FDFA), Didier Burkhalter, shall pay an official visit to China on 25 April 2013. He will hold high-level talks with his Chinese counterpart, Wang Yi, on a range of key bilateral and international issues. The working visit of Federal Councillor Didier Burkhalter will be the fourth in a series of high-level annual consultations between Switzerland and China. These political and institutional consultations between the Swiss and Chinese foreign ministers began in 2010 in response to growing bilateral ties and areas of cooperation between the two countries.

  • Published by swissinfo.ch, 24th Apr 2013 in category Hospitality / Tourism / Retail in English

    From his spacious office in Saint-Imier, a town of 5,000 tucked away in the heart of the Jura, Walter von Kaenel, the 72-year-old head of Longines, reveals the secrets of his success. “Thanks to the production capacity for movements and the immense distribution network of the Swatch Group coupled with our strong presence in the Far East, Longines is able to record extraordinary growth and resist the crisis of 2008-2009 quite well.” Longines is one of those Swiss watch brands that has not been afraid of exploiting its history of “tradition and authenticity”, particularly in the key luxury market of China. “We have been present there since 1867! I myself, since 1972, have been there more than 300 times,” remarks von Kaenel.

  • Published by Eigerlaw, 24th Apr 2013 in category Legal / Tax / Consulting / Services in English

    Eiger partner Nathan KAISER has been appointed to the panel of arbitrators of the Shanghai International Economic and Trade Arbitration Commission, as well as the Shanghai International Arbitration Center (SHIAC), which was previously a part of the China International Economic and Trade Arbitration Commission Shanghai.

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