News

  • Published by wenfei.com, 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.

  • Published by China Daily, 06th Feb 2013 in category Bilateral Relations in English

    Chinese Vice-Premier Hui Liangyu on Monday met Swiss President Ueli Maurer, Vice-President and Foreign Minister Didier Burkhalter and Economy Minister Johann Schneider-Ammann. Hui said China and Switzerland had made fruitful achievements in finance, culture and education, science and technology, tourism, and personnel training. He added the nations have been keeping good communication and coordination in international affairs.

    China attaches great importance to develop China-Switzerland relations and is willing to complete the Free Trade Agreement (FTA) negotiations with Switzerland as soon as possible, Hui said. Hui also said both sides should explore potential in agricultural cooperation. China welcomed Swiss agricultural companies to actively participate in China's modern agriculture. The Swiss expressed their
  • Published by swissinfo.ch, 03rd Feb 2013 in category Hospitality / Tourism / Retail in English

    Last year more tourists came to Switzerland from China than from traditional visitor countries such as Italy, the Netherlands or Japan. “We are looking at 830'000-840'000 overnight stays by Chinese guests in 2012,” Daniela Bär from Switzerland Tourism told the NZZ am Sonntag newspaper. In total, 600'000 Chinese tourists came to Switzerland, an increase of 25% on the previous year.

    Most tourists to Switzerland still come from Germany, but Bär says because their number is declining, that could soon change. “The rapidly growing middle class in China offers a massive potential for Switzerland, which enjoys an excellent image over there,” she said. “We think a quadrupling of Chinese visitors within ten years is realistic.” At present the most popular destinations for the
  • Published by China Daily, 01st Feb 2013 in category Engineering / Manufacturing in English

    A solar-powered car made by Hainan Yingli New Energy Resources Co., a subsidiary of Yingli Green Energy Holding, will be exhibited at a trade fair in Haikou, Hainan province, in November. Yingli is planning to shift its focus from Europe, its current largest source of business, to emerging markets. Last October, Yingli announced plans to establish its European headquarters in Switzerland.

  • Published by osec.ch, 31st Jan 2013 in category Engineering / Manufacturing in English

    Based on the statistics of Swissmem, Swiss machine tool exports to China suffered a 27% decrease in 2012 compared to 2011. Since 1953, China’s leaders have drafted “Five-Year Plans” which are essentially blueprints for China’s economic and social development. According to the 12th Five-Year Plan (2011- 2015), Advanced Equipment Manufacturing is one of the seven emerging industries which the government strongly supports, the key sub-segments being high-speed railway, aerospace, marine engineering and high-end smart equipment.

  • Published by Jing Daily, 30th Jan 2013 in category Hospitality / Tourism / Retail in English

    Coming off a tougher 2012, during which many wealthy Chinese consumers either took a wait-and-see approach to luxury purchases close to home, or did their luxury shopping overseas, Swiss watchmakers expect renewed - albeit modest - growth in 2013. Heartened by signs that demand returned at the end of the year, particularly in Hong Kong, where sales of jewelry, watches and other valuables increased nearly 14% in November, leading luxury groups are expected to continue their Greater China expansion efforts this year, with Richemont recently partnering with Chow Tai Fook to take its Baume & Mercier brand to a wider audience.

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