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

    Global food giant Nestle plans to build a coffee center in southwest China's Yunnan province, according to an agreement signed on 2nd April. According to a memorandum of understanding inked by the municipal government of Pu'er and Nestle, the Switzerland-based company will spend RMB 100 million (USD 15.97 million) to build a coffee farming institute, warehouses and a laboratory. The farming institute, which will be the largest of its kind in China, will provide training to 5,000 coffee farmers, agronomists and business professionals each year, according to an online statement from Nestle.

  • Published by, 04th Apr 2013 in category Bank / Finance / Insurance in English

    Alternative investment LGT Capital Partners has opened a new office in Beijing to serve as a hub for the firm’s private equity investment activities in mainland China. LGT managing partner Ivan Vercoutere said, “We have been investing in mainland China for almost 10 years, and the new Beijing office reflects this market’s growing importance for LGT Capital Partners. LGT has over USD 25 billion in assets under management and more than 300 institutional clients. Headquartered in Pfaeffikon, Switzerland, the firm has offices in North America, Europe and Asia.

  • Published by China Daily, 03rd Apr 2013 in category Business in English

    According to data from ISPO BEIJING, organizers of the 9th International Tradeshow of Sports Equipment and Fashion in Asia, which opened in Beijing in late February, the Chinese outdoors industry was worth RMB 11 billion (USD 1.78 billion) in sales in 2011, a year-on-year growth of more than 40 %. Li Chen, the marketing manager of Mammut China, the local arm of Mammut Sports Group AG, the Swiss producer of mountaineering and trekking equipment, attended the huge trade show. "We entered the Chinese market at the start of the year, and we think the market will be huge," Li said.

  • Published by, 03rd Apr 2013 in category Business in English

    After reaching the height of European design excellence, Laufen takes Asia by storm with its award-winning bathroom solutions. The company's commitment to quality and design has given rise to its latest line of ceramic bathroom pieces. Made of Laufen's revolutionary material called SaphirKeramik, the pieces can be moulded into various forms that were not previously possible with ordinary ceramics. With the mainland among the company's top five markets, Laufen has also opened ultramodern showrooms in Beijing and Shanghai where it has close relations with leading developers and master dealers. Laufen has a dedicated team on the mainland and maintains an office in Hong Kong.

  • Published by, 29th Mar 2013 in category Bilateral Relations in English

    Chongqing established friendly city-state relations with the canton of Zurich, according to the vote result in the second session of the 4th People’s Congress of Chongqing on 27th March. Recently, Chongqing has a closer cooperation with Zurich under the supports of the Foreign Affairs Ministry and the embassies and consulates in Switzerland.

  • Published by Embassy of Switzerland in China, 28th Mar 2013 in category Bilateral Relations in English

    The Ministry of Human Resources and Social Security of China (MoHRSS) and the Federal Social Insurance Office (FSIO) held a first round of negotiations on a Social Security Agreement between the 4th and 6th of March in Beijing. The negotiations were efficient and took place in a friendly atmosphere. The objective is to conclude an agreement regulating primarily the posting of workers with the objective to mutually exempt them from the burden of double charging. Numerous points were agreed upon and a second round of negotiations will most likely be held this year.

  • Published by Embassy of Switzerland in China, 28th Mar 2013 in category Bilateral Relations in English

    A delegation from the Swiss Intellectual Property Institute, lead by its Deputy Director Mr. Felix Addor, visited Beijing from March 4th to 8th for the 6th round of the bilateral dialogue on IPR. On the Chinese side the dialogue is coordinated by the Department of Treaty and Law of MofCOM and involves several Chinese authorities responsible for IPR matters such as the State Intellectual Property Office, the State Administration of Industry and Commerce as well as a number of other relevant institutions.

  • Published by, 27th Mar 2013 in category Business in English

    Tanghan Steel has purchased a 10% share in Switzerland's Duferco International Trading Holding, underscoring the efforts of China to export more steel due to domestic overcapacity. Tanghan, part of Hebei Group, the largest steelmaker in the Asian country, signed last week a deal that provides exclusive right to Duferco to sell Tanghan steel outside Asia, two sources familiar with the matter said.

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

    ABB has won an order worth USD 150 million, which will see the Swiss power and automation company supply key equipment to what will be the world’s highest capacity power link when completed in 2014. China’s 8000 MW, 800 kV ultra high-voltage direct current (UHVDC) Xiluodu-Zhexi interconnector will transport hydroelectric power over a distance of 1670 km, from Yibin in Sichuan province in southwest China to Zhejiang province on the east coast.

  • Published by, 26th Mar 2013 in category Engineering / Manufacturing in English

    Addressing the China Development Forum in Beijing on 23rd March, the ABB chairman said one of China’s biggest challenges in the coming years would be to meet its energy needs while at the same time cutting carbon emissions. Von Grünberg explained that “smart cities” were the key to ensuring that China’s economic growth brought improvements in quality of life in an environmentally sustainable way. He said rapid modernization and the construction of new cities meant that China had an opportunity to develop its urban centers in a top-down manner to realize a broader city vision.