Reader's Digest > 16 May - 29 May

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Reader's Digest, 16 - 29 May

Swiss and Chinese Business Related News in Switzerland and China

BILATERAL RELATIONS

Sino-Swiss Dialogue and Eco Forum 2015 coming in June
Published by China Daily, 22nd May 2015
Guiyang, Guizhou province will host the 2015 Eco Forum Global Annual Conference, on 25 – 28 June, which will focus on raising public awareness of an eco civilization, according to the organizers, in a 22 May news release, where they say they have invited more than 100 global corporations from the United States, Switzerland, and Britain. At the 3-day conference in 2014, there were hundreds of forums, Sino-Swiss dialogues, and discussions of eco civilization, sustainable tourism, green industries, urban reform and life style change, with as many as 2,000 guests from China and abroad taking part. The Eco Forum is an independent international organization committed to improving the world by engaging business, political, academic and other leaders in shaping global, regional and industry agendas.

Swiss Embassy Adopts Ancient Trees in Beijing
Published by cri.cn, 19th May 2015
The Swiss Embassy has held a tree adoption event at the Ditan Park in Beijing to commemorate the 65th anniversary of diplomatic relations between China and Switzerland. During the event, the Embassy adopted 131 ancient trees to mark the wishes for a greener city and better relations between the two countries. Jean-Jacques de Dardel, Swiss Ambassador to China, put adoption tags on a 300-year-old Chinese Juniper tree along with 130 (meaning double 65) others as a sign of fruitful achievements in building bilateral ties. "Switzerland and China have developed a fruitful cooperation over these last 65 years", he said. China and Switzerland have maintained bilateral relations since 1950. A range of events have been scheduled throughout the year in a bid to deepen cooperation in various fields between China and Switzerland. "We are celebrating this anniversary through a long series of events in the fields of culture, economy and trade as well as education and research", said Ambassador de Dardel.
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BUSINESS NEWS

The Chinese Traditional Medicine Tasly Group Moves to Geneva
Published by rts.ch, 29th May 2015
The Chinese traditional medicine Tasly Group will establish its European center in Geneva. Dozens of jobs will be created and a factory could follow in the canton of Fribourg. The Tasly Group, the publicly listed leading producer of traditional Chinese medicine, a global drug giant which employs over 10,000 people worldwide, will create tens of workplaces in Geneva, said Thursday the RTS (Swiss Public Broadcasting Organisation) . According to the responsible for the economic promotion of the French-speaking part of Switzerland, Philippe Monnier, the implementation Tasly has huge potential. He compares it to DuPont, which employs almost 800 people in Switzerland. Vladas Snieckus, director of Tasly Europe, taxation was not the first criterion in choosing Switzerland, since Luxembourg was also competing to host the European center, while being more advantageous. The network formed by the universities of applied sciences, pharmaceutical companies and research laboratories gathers capitals skills to the probate of Tasly products in Europe. In addition, Tasly also considering implementing a production center in the canton of Fribourg.

Sino-Swiss Business Awards 2015
Published by swisscham.org, 20th May 2015
After a first successful edition in 2013 which was attended by more than 300 guests, including top economic and political leaders from both Switzerland and China and the exceptional presence of Federal Councillor J. Schneider-Ammann, SwissCham Beijing is delighted to invite you to enter the second edition of the Sino-Swiss Business Awards 2015. During this exclusive Gala Evening, which will be held in September (exact date TBC) at Rosewood Beijing, SwissCham will honour companies and individuals who have achieved distinct results and demonstrated the highest level of commitment to the Swiss-Chinese community, Swiss foreign trade and the promotion of Switzerland in China and vice-versa. Visit our website for the application form and exposure opportunities.

Sino-Swiss Dialogue 2015 - B2B Meeting in Guiyang
Published by swisscham.org, 20th May 2015
SwissCham Beijing is glad to invite you to join the B2B Meeting - Sino-Swiss Dialogue 2015, a sub-forum of Eco Forum Global Annual Conference Guiyang 2015, as a chief guest in the afternoon of June 26th in Guiyang, the capital city of Guizhou Province, China. The B2B meeting will provide a platform for companies who are interested in investing or exploring market opportunities in Guizhou in IT industry (especially big data), Pharmaceutical & Health Care Industry, Modern Mountainous Agriculture Industry, Culture & Tourism Industry, Building Materials Industry, etc. The aim of the B2B Meetings is to facilitate business development between Swiss and Chinese companies, initiating projects by meeting potential cooperation partners.

2nd Edition of Venture Leaders China
Published by venturelab.ch, 20th May 2015
The venture leaders China program intensively dives into the Chinese entrepreneurial scene and personal development. The programme comprises presentation to experts and investors from the Shanghai and Beijing area, per industry sector. The applications for the second edition of the venture leaders China program are opened until 8 June 2015. The 10 finalists chosen among Switzerland’s most promising start-ups will win a 10 day business development journey in Shanghai, Beijing and Shenzhen, from 20 to 30 October 2015.

Swiss Bonds Draw Issuers from China to Chile with Lowest Costs
Published by swissinfo.ch, 20th May 2015
Swiss franc bonds are making a comeback for emerging-market issuers taking advantage of the cheapest yields in Europe. Since Poland ended a five-month freeze on sales by emerging markets in the Swiss currency three weeks ago, issuers from Chile to China are turning to franc debt amid a global bond rout that’s driven up borrowing costs. The pipeline has room to grow as investors in Switzerland seek places to park their cash and borrowers take advantage of yields that are less than a 10th of German bunds. “The Swiss franc market is desperate for foreign issuers as there is a real drought,” Stefan Eichenberger, who manages CHF 2.5 billion (USD 2.7 billion) in assets at Swisscanto Asset Management in Zurich, said by e-mail on May 19. Issuers may use this opportunity, “otherwise they might have had to pay up in terms of spread, especially if they are a first time issuer,” he said.

Jura – Basel Business Trip of China Business Platform
Published by jura.ch, 13th May 2015
Entrepreneurs from Basel and Jura participated in a business trip to China from 17 to 24 May organized by China Business Platform. The Minister of the Department of Economy and Cooperation of Canton of Jura Mr. Michel Probst, who leads the delegation, visited enterprises in Shanghai, Hangzhou (Zhejiang Province) and Shenzhen. The China Business Platform (hereinafter CBP) aims to provide free advisory services to SMEs in Basel and Jura and welcome Chinese entrepreneurs who plans to expand their business in north-western Switzerland and support developments Basel and Jura’s companies in the Middle Kingdom. This is the second business trip to China hosted by CBP, after the first trip in February 2014. A delegation of twenty representatives from Basel and Jura are mainly from SMEs in the fields of life science, micro-technology, internet and business services.
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CULTURE & SOCIETY

Sino-Swiss Painters Present Joint-Show in Beijing
Published by ecns.cn, 25th May 2015
"Eastern Abstraction VS Western Figuration--Tan Ping Dialogue with Luciano Castelli", a 10-day exhibition opened on 21 May at the National Art Museum of China, featuring the work of artists Luciano Castelli, from Switzerland, and China's Tan Ping. The exhibition offers insight into the practice of contemporary Chinese oil painting, which developed largely independently of neo-expressionism, said Huang Mei, from Goethe University Frankfurt, Germany, the curator of the exhibition. It is for this reason domestic art critics have hailed the arrival of Castelli, a representative of neo-expressionism painting who has been active since the 1980s. Tan is already established in China and his style of neo-expressionism is quickly winning the praise of Western art critics for its underlying oriental philosophy.

Swiss University Alumni Gathering at Swiss Week 2015
Published by swissnexchinanews.org, 19th May 2015
swissnex China organized an informal gathering for alumni from all Swiss universities at the Swiss Week 2015. Different from last year, swissnex China did not have a booth at the Swiss Village, but was nevertheless able to provide a tent to host participating alumni members on 14 May. Pascal Marmier, Vice Consul General and CEO of swissnex China, and Anna Mattei, Deputy Consul General, Culture, Media and Education Section Head– both welcomed the guests with a brief speech. Around 50 Swiss alumni attended the event, representing more than 15 Swiss educational institutions. They could enjoy Swiss specialties such as raclette and sausages, in addition to Swiss wine and other snacks along with melody from a Swiss instrument played by the very young Joshua Broger. Swiss universities logos were openly displayed, attracting some curious minds that were present at the Swiss Village at that time.

Swiss Watch Brands were Mistaken Dragons
Published by businessmontres.com, 17th May 2015
Since China has become the only motor of the Swiss watch industry’s growth, it is now fashionable to shape watch collections on Chinese cultural codes: so we see regularly venerable Swiss brands carve goats or rats on their watches, stuff their dials with more or less imperial and more or less Chinese dragons etc. Nice, but less and less effective. Then, in order to stop this erosion, Swiss watch brands banked everything on “métiers d’art”, with the ad libitum production of over-decorated watches. It seems however we had just forgotten that, in terms of "métier d’art", the Chinese practice the past four millennia and they master the glazing and the miniature ceramic painting better than anyone in the world. In all these copycat playing-acts, Swiss watches brands lose their soul and identity without gaining the respect of their customers. Besides, Chinese customers are more attached to the symbolic value of the watch than to the watch itself. Now they can no longer wear luxury watches, due to the fight against corruption, but are still obsessed by their social status, the new local billionaires are seeking new ostentatious expressions. Therefore, the came across…dragons again! Not those of the emperors, we are talking here of true dragons, those of prehistory, from the family ceratopsids as these Upper Cretaceous Triceratops that lived 65-70 million years ago.

Waves and Forms - Electronic Music Devices and Computer Encodings in China
Published by SinOptic, 9th May 2015
Technical objects constrain what users do with them. They are not neutral entities but embody information, choices, values, assumptions, or even mistakes embedded by designers. What happens when a technology is designed in one culture and used in another? What happens, for example, when a Chinese user is confronted by Roman-alphabet-embedded interfaces? In this book, Basile Zimmermann examines the relationship between technical objects and culture in contemporary China, drawing on concepts from science and technology studies (STS). He presents a new theoretical framework for “culture” based on the notions of waves and forms, which provides a powerful descriptive toolkit for technology and culture. The materials Zimmermann uses to develop and illustrate his theoretical arguments come from three groups of case studies about the use of technical devices in today’s China. M. Basile Zimmermann is the director of Confucian institution and assistant professor in Chinese Studies from University of Geneva.
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GENERAL INTEREST

Swiss Days with Solar Impulse 2
Published by swissnexchina.org, 17th May 2015
Solar Impulse is an exciting, adventurous idea born in Switzerland, with the development of the world’s first perpetually sustainable solar airplane, capable of flying day and night solely using solar power. Elaborated with high-end components and the latest technologies, Solar Impulse represents Swiss excellence in the field of innovation and technical expertise. Taking the occasion of Solar Impulse 2 round-the-world trip, during the plane’s stay in Nanjing, one of its longest stay station in the world in April 2015, swissnex China had the great pleasure to organized two “Swiss Day” events, respectively on 29 April in the Southeast university and on 30 April under the tent of Si2 aircraft.

China Beefs up Food Safety Law
Published by s-ge.com, 15th May 2015
China's consumers are demanding greater control and better quality with respect to food. Beijing is responding by tightening up the food safety law. The new law takes account of the rapidly growing nutrition awareness in China, that is to say the increasing need for healthy, nutritious and delicious food of excellent quality. This need is also reflected, amongst others, in the fact that the Chinese market for organic food has grown twelvefold in the past six years, and 84% of Chinese consumers (N.B. not only the clientele in the cities) attach a great deal of importance to a high level of food safety. This is, in turn, increasingly prompting them to purchase imported food from the Western industrial nations (including Switzerland of course), which the Chinese generally associate with a high degree of food safety.

Actress Gong Li Helps Swiss Luxury with Chinese Market
Published by China Daily, 15th May 2015
When Chinese actress Gong Li walked the red carpet for the Met Gala earlier this month as a co-host, her Roberto Cavalli couture gown and dazzling Piaget jewelry made her look like a queen of style. The diva's public outings have become increasingly rare. But the gala in New York, as well as unrelated events for Swiss luxury watchmaker and jeweler Piaget, seem to be the motivation she needs to meet with her fans. Just before the Met event, Gong, a Piaget brand ambassador, celebrated the debut of the complete collection of the brand's signature Limelight Gala watches in Beijing. Inspired by a heritage piece of the 1960s, the collection features watches delicately set with diamonds and gold. The asymmetrical designs are accomplished with smooth curves, showing femininity in a modern light.
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INDUSTRIES

Engineering / Manufacturing

General Aviation Sector Takes off in Wuxi
Published by China Daily, 24th May 2015
Asian Express Aviation Co received its business certificate on 27 April, allowing the company to commence flying operations. The certification approval marks the first time for a general aviation company to operate from Wuxi. The company will begin operating in June and provide special services, including aerial trips, charted airplane travel, skydiving, aerial weddings, crop-dusting and aerial photographs. Asian Express has a current fleet of four airplanes, which it plans to increase to 10 by the end of 2015 and to 20 in 2016. The current plane models are PC-6 and PC-12, manufactured by Switzerland Pilatus Aircraft Co, a world-class manufacturer for turbo-prop aircraft and the investor of Asian Express.

BalTec Founds Chinese Subsidiary
Published by s-ge.com, 23th May 2015
In accordance with the company’s strategy and in order to be close to the customers, the riveting machine manufacturer BalTec has founded a subsidiary in Shanghai with the support of S-GE. Airbags, safety belts, electronic components and economy peelers all have something in common: they were riveted by a BalTec radial riveting machine. ‑ is means that the material was deformed within seconds by means of highly precise rotary movements – in a fashion that the combination cannot be broken. “In 1968, the Bräcker company mechanised manual hammering, and then rapidly proceeded to conquer the global market with its precision machinery,” says Domenico Mollo. He is the CEO of BalTec AG which took over the riveting machine business from Bräcker in 1983. The Swiss quality machines that are determined for export (up to 97%) are developed and manufactured in Pfäffikon ZH. “They are mainly used in the automotive and fitting industries, but also increasingly in the field of medical technology” says Mollo.

ABB Boosts its Business in China into Next Level with Localization Strategy
Published by abb.com.cn, 22nd May 2015
ABB celebrated the 20th anniversary of its joint venture in Beijing - ABB High Voltage Switchgear Co., Ltd. Beijing on 22 May. Founded in 1995, the subsidiary has grown into a leading supplier for high voltage and medium voltage switchgears in China and its products have been widely used in a number of important Chinese national projects, such as 2008 Olympic Games sites in Beijing, 2010 World Expo in Shanghai, Shanghai Donghai Bridge Offshore Wind Farm, and Lanzhou-Xinjiang High-speed Railway. Two new products are launched at the ceremony: Safe-V25 gas insulated switchgear, and SAFE-PTC gas insulated switchgear. Safe-V25 GIS helps to improve the electrical performance in modern grid to meet its demand for complexity upgrade and capacity improvement, and can be deployed in complex grid structures such as power, industry, and railways. SAFE-PTC GIS, with more compact structure design compared with its alternatives, can significantly improve the reliability of power supply.

ABB Companies on Xiamen Island to be Relocated to Xiang’an in 5 Years
Published by China Daily, 15th May 2015
The relocation project of ABB Group for its 7 companies on Xiamen Island is expected to be completed in five years and will be divided into three phases. The first phase is expected to be put into trial operation in March 2017 with investment of RMB 1.38 billion, followed by the second phase in December 2018 and the third phase in May 2019. ABB Group, a multinational corporation headquartered in Zurich, Switzerland, will finally settle down in the Xiamen (Xiang'an) Torch Industrial Park. The project will integrate and optimize the resources of its 7 companies from Xiamen Island, and improve the production capacity of ABB Group’s operations in Xiamen.
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Bank / Finance / Insurance

RSA Completes Sale of China Insurer Sun Alliance
Published by china-briefing.com, 21st May 2015
RSA has sold the insurer to Swiss Re Corporate Solutions for GBP 71 million, a transaction which is expected to boost the British firm’s tangible net assets of GBP 26 million. RSA's China division, which accounted for GBP 14 million of net premiums in the RSA group’s 2013 financial statements, underwrites both commercial and personal insurance risks. The group is continuing to sell businesses in regions across Asia and Europe as it focuses on its core assets in the UK, Ireland, Scandinavia, Canada and Latin America. Chief executive, Stephen Hester, said cleaning up the company’s past weaknesses had been tough due to the expense and a difficult market climate.
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Hospitality / Tourism / Retails

Nestlé Wins 'Nutrition Promoting Contribution Award'
Published by China Daily, 18th May 2015
Nestlé received "Nutrition Promoting Contribution Award" from the Chinese Nutrition Society at the "70th Anniversary for Establishment of Chinese Nutrition Society and 12th National Nutrition Science Conference". "Nutrition Promoting Contribution Award" aims to reward individuals and groups that have made contribution to the development of nutrition discipline. Nestlé won the award, on the one hand, because it had made efforts to convey nutrition and health information to consumers, and on the other hand, because it had developed and carried out research and development on the nutritional health products for different stages of life. Mr. John Cheung, chairman & CEO of Nestlé Greater China Region, said," I am deeply honored that Nestlé won the ‘Nutrition Promoting Contribution Award', and at the same time I feel the responsibility as the world's largest nutrition, health and wellness company more profoundly. We are committed to providing better products and services for people at every stage of life and in various health states."
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Legal / Trade / Consulting / Services

SAT Released New Measures to Support the “One Belt One Road” Strategy
Published by pwccn.com, 20th May 2015
In 2013 Chinese President Xi Jinping visited Central Asia and Southeast Asia. During his visit, he had proposed to join hands to build a “Silk Road Economic Belt” and a “21st-Century Maritime Silk Road” (hereinafter referred to as “One Belt One Road” or the “Belt and Road”). Since then this innovative concept of “One Belt One Road” has been attracting a lot of attention from both China and even the rest of the world. On 28 March 2015, the National Development and Reform Commission (NDRC), Ministry of Foreign Affairs (MFA) and Ministry of Commerce (MOC) jointly released the “Vision and Actions on Jointly Building the Silk Road Economic Belt and 21st-Century Maritime Silk Road” to set forth the general guidance and strategic principle of the “One-belt-one-road”. Subsequently, the State Administration of Taxation (SAT) released the “Notice Regarding the Tax Services and Administration to Implement the Development Strategy of the One Belt One Road” to put forward a set of tax services and provide requirements of improving tax administration connected with the “One Belt One Road” strategy.
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Disclaimer: SwissCham's Reader's Digest is a bi-weekly publication. Editorial, advertising and news published in the Reader's Digest are for advertisement and/or information purposes only and do not necessarily reflect the views of the Swiss Chamber of Commerce in China, of its Board, its members or its staff. SwissCham therefore rejects any liability related to the accuracy of and/or views reflected in the newsletters.