• Published by China Daily, 04th Mar 2013 in category Hospitality / Tourism / Retail in English

    Tmall, a major Chinese online shopping platform, will cooperate with overseas baby formula companies to sell their products to Chinese consumers online. Tmall will open official online flagship stores for six baby formula brands under French Groupe Danone and Swiss Nestle. Domestic buyers should be confident in purchasing those imported milk products.

  • Published by 24 heures, 04th Mar 2013 in category Hospitality / Tourism / Retail in English

    Chinese tourists, the new godsend for the Swiss tourism, choose in priority Lucerne as their destination to buy watches. According to figures released by the Tourism Office of Lucerne, "30% of Chinese tourists  in Switzerland come to Lucerne, making it the first destination for these tourists" said Marcel Perren, Head of the Tourism Office. The number of nights spent by Chinese Mainland tourists in Lucerne rose by 17% last year to 95'438. Considering the hotels around the lake, the number rises to 224'728 overnight stays (a 20.3% increase).

  • Published by Financial Times, 01st Mar 2013 in category Engineering / Manufacturing in English

    Glencore and Xstrata have extended the deadline for closing their long-awaited, USD 80 billions tie-up to form one of the world’s top natural resources groups, scrapping March 15 as a target due to continuing discussion with Chinese authorities. The world's largest commodities trading house and the mining company updated the market about a new target on March 5, when they released their annual results. Observers say the discussions with Beijing could take at least another one to two months based on the experience of previous big takeovers. 

  • Published by, 28th Feb 2013 in category Engineering / Manufacturing in English

    ABB, the leading power and automation technology group, is poised to start the New Year with a bang following the order of 2,400 robots by BMW Group. Over the next three years the robots will be installed at factories in Regensburg and Leipzig, Germany, as well as in Tiexi, China. The ABB robots will mainly be used for material handling tasks, as well as gluing and spot welding processes. BMW’s choice of ABB for the blanket supply of so many robots is telling. This is not the first such order BMW has made with ABB and is evidence of a strongly renewed relationship between the two companies. 

  • Published by, 27th Feb 2013 in category Engineering / Manufacturing in English

    SGS-CSTC successfully held an execution and quality risk seminar for three guarantees law of auto industry in Zhongshan city. The seminar aims to help auto manufacturers strengthen risk control ability and understand the latest domestic and foreign OEMs suppliers quality management skills, as well as improvement measures, so to provide the best solution, raise management skills and decrease risk loss for clients.

  • Published by, 18th Feb 2013 in category Legal / Tax / Consulting / Services in English

    The China Legal Briefing n° 229 published by Wenfei Ltd. is now online. The contents focuses on the Amendments of the Labor Contract Law regarding Labor Dispatch; The Supreme People's Court Interpretation (I) regarding the application of the “Law on the Application of Laws to Foreign-Related Civil Relations; The “Administrative Measures for the collection of Enterprise Income Tax of Enterprises operating Cross-Regional Business and paying Tax on a Consolidated Basis”.

  • Published by China Daily, 14th Feb 2013 in category General Interest in English

    Gerald Beroud's connection with China began in 1972, when the then 15-year-old gave a class presentation in his native Switzerland about then US president Richard Nixon's first visit to the country. More than 40 years later, he is one of his homeland's foremost experts on China and makes a living helping outsiders understand the country. Mr. Beroud runs SinOptic, a company offering information and services focused on relations between Switzerland and China. When he launched the company in 1998, it was the only one of its kind in Switzerland.

    While Beroud's first contact with China was as a boy, his actual relationship with the country did not begin until he was 29. After graduating with a degree in sociology, Beroud took a job researching substance-abuse problems. In 1986, he received a call from his sister, asking him if he'd like to attend the International Esperanto Conference in Beijing. Beroud accepted and, afterward, traveled
  • Published by SinOptic, 12th Feb 2013 in category Engineering / Manufacturing in English

    Swisscom will provide 80% of all the households in Switzerland with ultra-high-speed Internet access by no later than 2020. While fibre-optic cables are being rolled out directly to homes and businesses in many towns and larger municipalities, Swisscom is focusing on Fibre to the Street (FTTS) in areas away from major urban centres. Swisscom has now selected Huawei as its strategic partner and supplier for its FTTS expansion.

  • Published by SinOptic, 11th Feb 2013 in category General Interest in English

    According to a recent survey by the non-profit organization Swiss Center Shanghai (SCS), China Integrated and the China Europe International Business School (CEIBS), Swiss companies in the Far East are significantly more confident about their business prospects than their EU or US counterparts. “71% of Swiss companies expect a better business than last year with only 9% expecting a cool down. Swiss companies also have stronger confidence for the long term than for 2013”, explains SCS Managing Director Nicolas Musy. “Interestingly, Swiss firms are more confident than EU companies on average, of which only 60% expect better business in 2013.”

  • Published by China Daily, 06th Feb 2013 in category Bank / Finance / Insurance in English

    On 5th February, Credit Suisse Group Inc. said that it is bullish on Chinese equities this year, favoring small-capitalization stocks that stand to benefit from improving economic fundamentals. The Hang Seng Index, which dropped 2.27% on 5th February to 23'148.53 points, will finish the year almost 10% higher at 25'500 points, said Kenny Lau, a Credit Suisse research analyst based in Hong Kong.