• Published by, 15th Jun 2016 in category Culture & Society in English

    Switzerland is ranked sixth globally in terms of satisfaction of employees about their workplace. More than 78% of respondents reported to be satisfied, even a lot, while only 8% are dissatisfied; the remaining 14% does not take sides.

    A position shared by the Netherlands, Spain and the United States, according to the ranking published by Randstad, a company specialized in brokerage personnel, standings led by India (84%), Mexico (83%), Austria (81%), Denmark (81%) and Norway (81%) and sees that on the bottom of China (57%) and Japan (40%). The employees' first seeking employment that offers them prospects, an atmosphere of pleasant work, a fair wage as well as good social benefits and job security in the long term ", noted in a statement issued today Nathalie Zihlmann, director of human resources Randstad Switzerland, a company specialized in personal banking. They are mainly young people between 18 and 24 years old to express the greatest need to change jobs. 27% of them even think to change profession.

  • Published by, 03rd Jun 2016 in category BUSINESS NEWS in French

    A Chinese delegation made an official visit to Green Motion on the EPFL campus on Monday, and visited as well the Jaeger-LeCoultre watchmaking manufacture in Vallée de Joux, which display charging stations of the startup. Jun Han, the mayor of the city of Xuancheng, located in Anhui province (west of Shanghai), was accompanied by various political representatives. Yingsong Xia, general manager of Anhui Zhongding, a multinational that achieves a turnover of about CHF 1.74 billion with 14’000 employees, was also present. His company invested several million francs in the technology startup Green Motion, which designs and produces charging systems for electric vehicles.

    The license agreement between the company in Bussigny and the Chinese industrial giant, active in the automotive supplier, was signed in April. The amount of the transaction was not disclosed, but allowed Green Motion to invest tens of millions of francs in its charging network in Switzerland.

  • Published by, 30th May 2016 in category BUSINESS NEWS in English
    Switzerland as business location has recorded an upturn in foreign investment in 2016. Switzerland has moved up the list of the most attractive investment locations, from 14th to 11th position. The good infrastructure and the availability of its highly qualified workforce make the business location of Switzerland an attractive destination for foreign investment. This was shown by the latest FDI Confidence Index from the consulting firm A.T. Kearney. 
    "The Swiss franc shock has obviously not become a deterrent to foreign direct investment. To the contrary!", according to Andreas Liedtke, Partner and Managing Director of A.T. Kearney Switzerland. He maintains that Switzerland is more attractive than ever before for foreign companies who want to boost their profitability and growth within a stable framework. "Investors are prepared to pay a price for the good structural preconditions which Switzerland has to offer." In the FDI Confidence Index, the USA and China are out in front for the fourth time in a row. Canada was able to improve from fourth to third place, while the UK slipped back from third to fifth place. The companies questioned see the greatest opportunities for growth within the Eurozone, which covers 13 of the top 25 countries. Germany took fourth place.
  • Published by, 27th May 2016 in category Bank / Finance / Insurance in English

    China's "weight-gain" is the very thing that caused its slowdown, according to a note by Credit Suisse. The bank says the country became so big as a share of the world's industrial output that it is "no longer possible to profitably outgrow non-Chinese demand by such margins." China's manufacturing profit margins have been falling since 2011, and there has been a decline in real-terms in manufacturing investment.

    Although Credit Suisse calls the Chinese slowdown a "natural convergence," the fall in investment profitability in the face of a rising output share took investors by surprise, since they based 2016 growth on historical trends. This nasty surprise created a depression in the commodities related markets, particularly in mining, shipping, and energy. This led to a global credit risk, sharp exchange rate movements, and a slump in global growth. "A shock that originated in China became a global shock," says Credit Suisse.

  • Published by, 24th May 2016 in category General Interest in English

    A recent OECD report put watches at the top of the list of the world’s most pirated products. We take a look at the impact of fake watches on the Swiss watch industry with the help of Jean-Daniel Pasche, President of the Federation of the Swiss Watch Industry. The report values the world trade in counterfeit goods at USD 461 billion (2.5% of total world trade) for 2013 based on customs seizure statistics. Unsurprisingly, China and Hong Kong are – by far – the biggest geographical sources of these counterfeit goods. Footwear is the biggest product category found in the goods seized, which probably explains why brands such as Salvatore Ferragamo are now fitting RFID chips to their shoes that can be used to confirm their authenticity.

  • Published by, 18th May 2016 in category EM in English

    Swiss specialty chemicals company Clariant will increase its investment and operations in China in the next two years as it taps China's environmental protection needs. Clariant, with headquarters for its China operations in Shanghai, plans to build an integrated facility, "one Clariant campus," to support innovation, research and development, sales and marketing. Construction of the campus, which will employ 500 staff, is due to kick off at the end of this year, with operations starting in 2018. "Our investment in China will account for 40% of the total in 2017,"

    Christian Kohlpaintner, member of executive committee of Clariant International Ltd, said yesterday. "The one Clariant campus is critical as it is one of our largest research and supply centers to boost our innovation in global markets." China's green economy has contributed 11% of Clariant's revenue totaling CHF 640 million (USD 659 million) last year. The group also estimated that by 2020, China would be the main engine contributing 60 percent of global growth in the chemical industry.

  • Published by, 13th May 2016 in category BFI in English

    Swiss bank UBS has upgraded China's gross domestic product (GDP) growth forecast in 2016, citing encouraging new economic indicators and loose credit and fiscal policy support."We now see 2016 real GDP slowing more modestly to 6.6% (vs. our previous forecasts of 6.2%) from 2015's 6.9 percent," the bank's China economy research team said in a research note.The bank also raised the China GDP growth forecast for 2017 from its previous prediction of 5.8 percent to 6.3%.

    The new forecasts came just after official data on Friday showed China's economy had expanded 6.7% during the first quarter, meeting market expectations. In addition, better-than-expected growth was seen in the country's retail sales, industrial output and fixed asset investment.China has set a target of 6.5 to 7% GDP growth for 2016, and at least 6.5% annual growth through 2020.The bank said it raised the forecast due to the recent sharp surge in property sales and improving market sentiment as well as looser-than expected credit, fiscal and quasi-fiscal policy support.UBS followed other international financial institutions in raising the prospect for China's economy growth.

  • Published by, 11th May 2016 in category Bilateral Relations in English

    The five-year Sino-Swiss Dam Safety Enhancement Program is almost complete.It's the first cooperation of its kind between China and Switzerland, aiming to boost people-to-people exchange. The program, called DaSEP for short, is one of the cooperation projects within the framework of a Memorandum of Understanding signed between the Chinese and the Swiss governments in 2009.

    Philippe Zahner, counselor with the Embassy of Switzerland in China:"(Through the project) we would see how we can maintain the dams in China what we should be done. And another important thing for expert is surveillance, surveillance for the dam safety. It's something like China thinks it could learn from Switzerland. Therefore, the goal is to improve the management systems and guidelines which can be used on dam safety here in China."China has thousands of small-and medium-sized dams, mainly in the southwest of the country. Those dams have played a significant role in irrigation and water conservancy, as well as flood and drought control.

  • Published by, 09th May 2016 in category Engineering / Manufacturing in English

    ABB Group, an electricity and automation solution provider based in Zurich, sees great opportunities in China's clean-energy incorporation and micro grid drive, according to its top executive. "China has determined its goals in carbon dioxide reduction. This goal is going to generate large investment in a lot of sectors," says Claudio Facchin, president of ABB's power grids division. The Swiss multinational offers technologies for incorporating clean energy into conventional grids.

    According to Facchin, its high-voltage direct-current technology can ensure stable and cost-effective long-distance electricity transfers. ABB has been working on the Xiangjiaba-Shanghai electricity transmission route, which will transfer power nearly 2,000 kilometers from Chongqing to 24 million users in Shanghai using HVDC technology. HVDC is recognized as one of the most reliable technologies for long-distance power transmission. The first commercial HVDC route was built in Sweden in 1954 by ASEA, which is now ABB. ABB has more than 110 HVDC projects worldwide. It has been involved in 22 of China's 30 HVDC projects, providing core technological support. In terms of small-scale clean-energy incorporation, ABB has sophisticated automatic solutions and power storage technologies for micro grids to ensure stability, Facchin says. 

  • Published by, 04th May 2016 in category HTR in English

    Swiss watch exports took their biggest fall at the start of this year since 2009 as China's economy stumbled and Hong Kong retailers focused on working off existing stock instead of placing new orders.The Swiss watch sector's exports in March alone fell nearly 17% in real terms, when adjusted for working days, to CHF 1.5 billion Swiss francs (USD 515 million), data showed on Thursday, the lowest level for that month in five years. It was the fourth consecutive quarterly fall and the biggest since the global financial crisis.Demand for luxury watches has been hammered by a Chinese government crackdown on bribery, a drop in tourist shoppers to Europe and, at lower price points, the rise of smartwatches. Manufacturers like Swatch Group, Richemont and LVMH have responded by demanding price cuts from suppliers and taking more production in-house."There have been no signs of improvement in Swiss watch exports, in particular into Greater China," Citigroup analyst Thomas Chauvet wrote in a note to clients.