Reader's Digest > 25 October - 7 November

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Reader's Digest, 25 October - 7 November 2014

Swiss and Chinese Business Related News in Switzerland and China


Friendship Agreement between Canton Obwald and Province Guizhou
Published by SinOptic, 6th November 2014
A governmental delegation of the Swiss canton of Obwald received an official Chinese delegation from the Chinese province of Guizhou led by Governor Chen Miner on 6 November. The meeting is at the conclusion of a Friendship Agreement. In the context of friendly relations between the two regions, exchanges in particular in the areas of tourism, but also in environmental protection, education, forestry and industry shall occur, allowing mutually understanding and mutual benefits for both regions. The reception with the signing of the Agreement took place in the Rathaus Sarnen, accompanied by yodeling and alphorn sounds.
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Guiyang and Chaoyang District Deepens Cooperative Relations
Published by China Daily, 30th October 2014
Guiyang city, in southwest China's Guizhou province, and Chaoyang district in Beijing, began building cooperative relations since last September because of the opportunity of Guizhou-Beijing regional cooperation. Since last September, the two parties have been conducting cooperation in many aspects, such as industrial development, talent training and social undertaking. As for cooperation in industrial development, Chaoyang district has organized delegates from Beijing Yeshi Enterprise Group Co, Antonoil Corporation, Beijing JAG Co, European Union Chamber of Commerce in China, Swiss Chamber of Commerce in China and Israel Chamber of Commerce in China to conduct a field trip in Guiyang.

Hearing the Sound of Success
Published by, 24th October 2014
Despite being the world's largest hearing care services provider, the Switzerland-based Sonova Group believes that it has its task cut out in China, especially to sustain growth on a long-term basis. Hearing care is a special need, which is not only attractive from a business perspective, but also from the strong emotional connections it provides, said Lukas Braunschweiler, CEO of Sonova. It is important for companies like Sonova to not only listen to what the customers really want, but also concentrate on raising awareness in China about the treatment available for various hearing disorders. "People need a lot of support in China. I think innovation can yield lots of returns," Braunschweiler said during a recent trip to Beijing. The CEO mentioned that though China is currently the Swiss company's second-largest market in Asia, his frequent trips to the country are more with an eye on raising market awareness, rather than just selling products.
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Expats Earn Most in China
Published by China Daily, 29th October 2014
China is the third most popular country for expatriates, only next to Switzerland and Singapore, according to a recent survey commissioned by HSBC, a financial giant, and conducted by YouGov, an international market research firm. China is home to the highest-earning expats in the world – nearly a quarter of foreigners in the country each earn more than USD 300,000 a year, according to the survey, which invited 9,288 expatriates from over 100 countries and regions to share their views on quality of life, financial wellbeing and the ease of raising a family abroad.

Roman Signer Film Exhibition in Beijing
Published by, 27th October 2014
Swiss artist Roman Signer's first touring exhibition to China kicked off at the Art Museum of China, Central Academy of Fine Arts on Thursday. The exhibition features more than 100 screens boasting more than 200 videos and films shot by Signer from 1975 to 1989, an all-round demonstration of the artist's works through the years. Famous for his exploration of the world of physics, Signer has dedicated himself to documenting the effects of time, physical movement and material transformation under pressure since the 1970s. Through the use of gun power, sand, water and time, and things that could not be more common in life, like chairs, buckets and umbrellas, Singer recorded scenes that other people would take for granted using a Super8 (8mm film) camera.
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Swiss Press Club Delegation Paid a Visit to China
Published by China Embassy in Switzerland, 28th October 2014
The Swiss Press Club delegation, led by the Director of the Club Mr. Guy Mettan, paid an 8 days’ visit to China. Focused on the topic of “The road of socialism with Chinese characteristics and Chinese Dream”, the delegation visited the All China Journalists Association, Heilongjiang Television Station and Dalian Broadcasting station in Beijing, Harbin and Dalian. The Swiss journalists also interviewed the famous Chinese painter Mr. Fan Zeng. Nowadays, China put more and more emphasis on efficiency, innovation, environmental protection and sustainable development, which will present huge business opportunities to foreign investors. The delegation would bring all what they had seen and heard to Swiss readers efficiently, in order to promote pragmatic cooperation between China and Switzerland.

Anshun Tourism Rail Line to Open Next Year
Published by China Daily, 28th October 2014
According to the Anshun urban and rural planning bureau, Anshun city, Southwest China's Guizhou province, plans to build a rail line for tourism purposes starting at Jiuzhou county and ending at Langtang county, and stopping at Langtang and the wetland park, with a total length of 2.8 kilometers and input of RMB 120 million (USD 19.63 million). The new rail line is expected to complete by the end of next year. An official of the Anshun urban and rural planning bureau said, "The scenery will be very beautiful alongside the new rail line, as we plan to develop sightseeing agriculture along the rail line." The idea of the tourism rail line comes from tourism rail lines in Switzerland, and after completion, it will achieve the same effect.

Asia-Pacific Briefing 2014 at EPFL
Published by, 28th October 2014
The Asia-Pacific Briefing was organized for the purpose to discover the latest trends in science and technology in Asia-Pacific countries and share ideas for collaboration between Switzerland and these countries among speakers and audiences. This year, the Briefing was held on 22 October in EPFL, the ERI network, especially the Asia-Pacific-based Science and Technology counselors and swissnex CEOs had the chance to present the latest developments in their region regarding education, research and innovation to a group of researchers and entrepreneurs with various backgrounds.

University of Zurich EMBA Workshop
Published by China Daily, 23rd October 2014
Also this year's UZH EMBA class continued the tradition of a study trip to China, during which they attend lectures at the Fudan University in Shanghai. Therefore swissnex China together with the UZH Alumni organized a workshop and a gathering with the locally present UZH Alumni. The group, which was accompanied by the Managing Director Dr. Matthias Schaub, was welcomed and introduced to the activities of swissnex China by Isabel Goetz. Afterwards the group had the privilege to enjoy the first presentation of the recently arrived Consul General Alexander Hoffet. Following Marc Finsterlin, Managing Director and Partner at Aquarius Asia, revealed the enormous importance of e-commerce in the Chinese market during his presentation on Digital China. Afterwards Andrea Nessi, Managing Director at Unitouch, presented the challenges and opportunities that result from doing business in China. The last speaker was Denis F. Berger, Attorney-at-Law at Eiger and Chair of the UZH Alumni Chapter China, who talked about IP in China and showed the participants a slightly different perspective, than they had thanks to western media.
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Engineering / Manufacturing

Roche to Invest CHF 450 million in New Diagnostic Manufacturing Facility in China
Published by webwire, 5th November 2014
Roche announced today it will invest CHF 450 million over the next three years to establish a new diagnostic manufacturing facility at the Suzhou Industrial Park, in Suzhou, China. The new manufacturing site sets out to address the continuously growing demand for diagnostic tests in China and the Asia Pacific region. As a new addition to Roche’s global diagnostic production network, the Asia manufacturing facility will focus on producing Immunochemistry and Clinical Chemistry tests, products that are crucial to clinical laboratory testing. The site plans to build a workforce of over 600 employees over the next several years.

ABB Provides Innovative Underground Smart Substation Solution in Downtown Beijing
Published by, 28th October 2014
If you pass by Caishikou in downtown Beijing, it is hard to imagine that a substation is operating under this busy commercial district. The demand for reliable electricity is increasing exponentially in urban city center hubs, and space is at a premium when it comes to supporting large electrical installations. So placing the substation underground is an ideal solution. The 220 kilovolt (kV) Caishikou smart substation project started in 2013 and went into operation recently. A museum is now under construction on the ground above the substation. ABB has supplied several key power products for the project, including sensor enabled transformers, intelligent gas-insulated switchgear (GIS) and iUnigear, a smart switchgear solution. The smart transformer also incorporates ABB’s TEC ST (Transformer Electronic Control as an Intelligent Electronic Device) together with other smart components, and features real time monitoring, overload capability forecast, and ageing calculation. The transformer deploys water as a cooling medium on the ground making it a more environmental friendly and safer solution.

Novartis Profits from Emerging Markets
Published by, 28th October 2014
Swiss pharmaceutical group Novartis reported Tuesday that its net profit rose 45% to USD 3.24 billion in the third quarter, on the back of growing business in emerging economies. However, this result contains the one-off effect of USD 800 million from selling its stake in US-based Idenix Pharmaceuticals. Revenues climbed 4% to USD 14.7 billion, compared to the same period last year, Novartis said at its Swiss headquarters in Basel. Novartis increased sales significantly in China, Brazil, and Russia. In addition, sales of recently developed products also added to the strong result. Revenue in this product segment jumped 21% to USD 4.9 billion. The operating profit rose 14% to USD 2.98 billion. Without the negative effect of the strong franc, the increase would have been 18%.

Dec Expands into China Market with New Subsidiary and Exhibitions
Published by, 24th October 2014
Dec Group, the leading provider of powder handling and containment systems to the global pharmaceutical, chemical, food and cosmetic industries, has established a new Chinese subsidiary company to support and strengthen its successful growth over the last 10 years in China. Dec China is based in the newly established Swiss Center in Shanghai’s New Pilot Free Trade Zone. “Shanghai provides a very convenient location for the new subsidiary,” said Martin Larruscain, regional manager of Dec China. Dec Group will also underline its growing profile in China by making debut appearances in its own right at the upcoming China-Pharm and CIPM trade shows in Shenzhen and Chongqing. For the first time at both shows, Dec will exhibit under its own name, rather than through a local affiliate. The DEC Group team at Booth O009s at China-Pharm, from October 28 to 31, will be exhibiting a range of important new technologies, including the PTS (Powder Transfer System) along with the MCOne micronizing system. Later in November, Dec will also be represented at the one-day Containment Seminars in Beijing and Shanghai, on November 19 and 21, organized by Rieckermann Pharmatech Ltd.
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Bank / Finance / Insurance

Julius Baer Playing China Waiting Game
Published by, 28th October 2014
The Swiss pure private bank is weighing up the best way to enter China but says it is in no rush, even though it sees now as the best opportunity for international firms. Asia management at Swiss private bank Julius Baer have said they’re playing a waiting game on China entry, even though they concede now is probably their best chance to address the market. The Swiss private bank set up a representative office in Shanghai in 2011, as a first step to breaking into China. However, the firm has not made any definitive commitment on this since. Earlier this year media, Hong Kong’s Sing Tao Daily reported that Julius Baer was seeking to apply for a banking licence to set up in the Shanghai free-trade zone (FTZ). But Kaven Leung, deputy head for Asia Pacific and CEO for North Asia at Julius Baer, told AsianInvestor that it had not yet applied for a banking licence, saying it still needed to understand fully what it would be permitted to do before taking a decision.

Festival Special: Business Embraces Art at Swiss Bank UBS
Published by China Daily, 24th October 2014
UBS AG, the largest bank in Switzerland, celebrated the 11th anniversary as the sponsor of the Beijing Music Festival with a range of community activities and a performance by pianist Li Yundi. As part of the ongoing music festival, the world-renowned pianist gave a recital at the capital city's historic St. Joseph's Church, widely known as Wangfujing Church, on 16 October. Before the recital, UBS hosted a range of music-related fringe activities outside the church for some 50 disadvantaged and underprivileged students from UBS China's charity partners - China Friendship Foundation for Peace and Development, Beijing Green and Shine Charity Foundation, and China Foundation for Disabled Persons.
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Hospitality / Tourism / Retails

Building Healthy Hearts, Nestle Says
Published by, 28th October 2014
Nestlé, one of the world's largest consumer goods firms, has taken significant steps in China to promote better awareness about heart health and for prevention of cardiovascular diseases. The company, which makes products ranging from Gerber baby food and Nescafe coffee to Kit Kat chocolate and Maggi soups, was the official partner of the World Heart Day in China, which fell on 29 September this year. "We have played a big role in promoting cardiovascular health in China," said Alessandre Keller, vice-president of Nestlé's food and beverage division. "We will launch more marketing campaigns to promote healthy lifestyle and raise awareness about heart health." According to Keller, the campaigns would focus mostly on boosting health awareness among senior citizens. "Maintaining a healthy diet, lifestyle and positive attitude can prevent cardiovascular diseases.

Chinese Coffee Attracts Swiss Trader Interest
Published by, 28th October 2014
High quality coffee exports from China are set to receive a boost as Volcafe, a leading international coffee trader, is to launch a procurement and processing joint venture in the southern province of Yunnan. Swiss-based Volcafe, which is part of commodities trader ED & F Man, has been exporting Chinese arabica coffee, used in high quality blends, for the past 10 years, and it will become the first international trader to have a local presence through its joint venture with Simao Arabicasm Coffee Company, a Yunnan coffee company.
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Legal / Trade / Consulting / Services

Cloud to Lead Technology Innovation in China
Published by, 30th October 2014
Cloud technology will drive innovation in China over the next three years, while automotive technology and data and analytics (D&A) are also among the top five in terms of importance, according to a recent technology survey by KPMG. KPMG’s 2014 Global Technology Innovation Survey draws insights from 768 technology executives globally – including 106 from China – in order to identify disruptive technologies, innovation trends and new monetisation opportunities driven by emerging technologies. Around one-fifth of China’s respondents said cloud technology will drive innovation over the next three years; one in ten highlighted automotive technology and another ten percent indicated D&A as top drivers for innovation. Meanwhile internet of things/machine-to-machine and nanotechnology also featured as options, compared to the overall top picks: which were cloud, mobile platforms and apps, 3D printing, biotech/digital health/healthcare IT, internet of things, D&A and artificial intelligence.

Chinese Enterprises Seek Diversification in Outbound M&A
Published by, 27th October 2014
According to the latest data analysis by PwC, Chinese enterprises continued their active performance in the outbound M&A market in the first three quarters of 2014, wrapping up a record 176 M&A transactions, up 31% from the same period last year. Among them, private enterprises completed 120 M&A transactions, more than double the number of transactions completed by state-owned enterprises, making them the major force in the M&A market. In terms of industries, M&A destinations and financing channels, Chinese enterprises were seeking diversification in overseas M&A transactions. In the first three quarters of 2014, the total value of overseas M&A transactions completed by Chinese enterprises reached USD 40.8 billion. There were 14 transactions valued at more than USD 1 billion each, but no mega-sized M&A deals occurred. The total outbound M&A deals value completed by private companies was up more than 120% year-on-year, while the deal value completed by state-owned enterprises dropped for the first time, with a decline of 37%.
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