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August 31, 2009
Refractories industry fights unfair dumping charges by US
The Association of China Refractories Industry will make a defense plea over the US anti-dumping investigations on Chinese-imported magnesia carbon bricks (a heat-resistant material used in steel making), said Xu Dianli, vice chairman and secretary-general of the association.
August 28, 2009
Supply Chain News: More Evidence the Tide is Turning a Bit in the Offshoring Tsunami
Over the past decade, Western manufacturers have, in many cases, raced to outsource production, especially to China, lured by promises of dramatically lower costs and less capital tied up in assets.
August 27, 2009
Outsourcing is Key to Recover from the Downturn
74 percent of executives agree that outsourcing helps a company survive in todays economy,70 percent feel that money saved by outsourcing can help a company grow and 60 percent believe outsourcing makes a company more agile and flexible.
August 26, 2009
Taiwan`s Export Order Shows Clear Sign of Upturn
Taipei, Aug. 25, 2009 (CENS)--Taiwan`s export, the growth engine of its economy, has shown clear sign of upturn, as orders received by the nation`s exporters in July reached US$28.61 billion, down 8.77% year-on-year, the lowest decline in nine months, according to the Ministry of Economic Affairs (MOEA).
August 25, 2009
Short View: Chinese commodities
For mining companies, the drop in commodities prices earlier this year has been, ironically, good long-term news. True, in the short term earnings have suffered and share prices have tanked. The FTSE 350 Mining Index was down 45 per cent between August 2008 and January this year.
August 24, 2009
China Mobile to Team Up With MediaTek, HTC on Development of 3G Phones
Taipei, Aug. 21, 2009 (CENS)--Wang Jianzhou, president of China Mobile Ltd., China`s largest telecom service provider, will arrive in Taiwan on Aug. 24, reportedly to sign a cooperation contract with the island`s MediaTek Inc. and High Tech Computer Corp. (HTC) to jointly develop 3G phones based on China`s TD-SCDMA (Time Division Synchronous Code Division Multiple Access) standards, according to industry sources
August 22, 2009
China`s Trade Promotion Group Comes to Taiwan to Buy NT$30 B. Worth of Products
Taipei, Aug. 20, 2009 (CENS)--A trade promotion group from China, the third of its kind since the beginning of this year, has come to Taiwan, aimed at purchasing NT$30 billion, or US$900 million worth of domestically made goods.
August 21, 2009
Steel Industry Ignites Growth For China Fire
China Fire & Security Group (CFSG) makes proprietary fire detection and suppression systems for Chinese steel mills. Its growth depends on the strength of the steel industry, and beyond that, the Chinese economy.
August 20, 2009
AUO to Set Up Liquid Crystal Module Plant in Northern China
Taipei, Aug. 18, 2009 (CENS)--To further tap the huge and rapidly rising LCD TV market in China, AU Optronics Corp. (AUO), the largest thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer in Taiwan, and its LCD-TV contract-assembly subsidiary BriView Technology Corp. plan to set up a new LCD TV panel module assembly plant in northern China.
August 19, 2009
Third Chinese Procurement Mission to Arrive in Taiwan Wednesday
Taipei, Aug. 17, 2009 (CENS)--The third procurement mission organized by the Association for Economic and Trade Exchanges Across Taiwan Strait (AETATS), under China`s Ministry of Commerce, this year will arrive in Taiwan on Wednesday (Aug. 19), with a procurement budget topping US$1.2 billion (NT$39.5 billion), mainly for machinery, chemicals, and auto parts.
August 18, 2009
IDT and TSMC enter product fabrication agreement
IDT (Integrated Device Technology,), a provider of mixed signal semiconductor solutions and Taiwan Semiconductor Manufacturing Company (TSMC), have announced they have entered into an agreement to transfer product fabrication processes and related activities currently running in the IDT Hillsboro, Oregon facility to TSMC foundries. The transfer, which has already received approval by both companies and the IDT Board of Directors, is expected to take up to two years to complete and will cover the lifecycle of all products involved.
August 17, 2009
Continuum Worldwide Names Cheryl L. Jones as President
OMAHA, Neb.--(BUSINESS WIRE)--Cheryl L. Jones has been named President at Continuum Worldwide, an operational risk management and litigation support company.
August 14, 2009
China's import and export results improve in July
China's exports continued to shrink last month, but at a smaller rate. Imports continued a third month rally. Analysts say the figures show positive signs of a rebound and recovery of the country's import and export.
August 13, 2009
Microsoft, Taiwan Agency to Jointly Develop Cloud Computing Technology
Taipei, Aug. 12, 2009 (CENS)--Microsoft Corp. and Taiwan`s government-financed NCP (Networked Communications Program) Office have jointly announced a plan to jointly develop cloud computing technologies and related applications.
August 12, 2009
China steel mills say suppliers encourage speculation
Publishing Date 31 Jul 2009 1:49pm GMT Author Mining Journal China's steelmakers, stalled in iron-ore price talks with Rio Tinto and BHP Billiton, said producers of the steelmaking material are encouraging speculative trading, and wants to control the role of importers.
August 10, 2009
China is Major Market for Taiwan`s Networking/Communication Makers
Taipei, Aug. 5, 2009 (CENS)--Mainland China has become the most important market for Taiwanese networking/communication equipment makers thanks to the aggressive third-generation (3G) network constructions and telecom operators` upgrading purchases there, according to Tony Tsao, CEO and president of D-Link Corp.
August 07, 2009
IDT to Exit Oregon Chip Plant and Outsource to TSMC
Integrated Device Technology (IDT) agreed on Thursday to outsource chip manufacturing to Taiwan Semiconductor Manufacturing (TSMC), a move that means its Oregon chip factory will be sold or shut within the next two years.
August 06, 2009
China to surpass U.S. in manufacturing by 2015 on road to Empire
As a former Global Sourcing Manager for a number of Fortune 500 and middle-market manufacturers, it comes as no shock to me that China may overtake the U.S. as the world’s largest manufacturer.
August 05, 2009
Taiwan Exports 38.2% Lesser Machinery in First Five Months
Taipei, August 3, 2009 (CENS)--Taiwan exported US$4.326 billion of machinery in the first five months, down 38.2% year-on-year, according to the Taiwan Association of Machinery Industry (TAMI).
August 04, 2009
China steel mills say suppliers encourage speculation
China's steelmakers, stalled in iron-ore price talks with Rio Tinto and BHP Billiton, said producers of the steelmaking material are encouraging speculative trading, and wants to control the role of importers.
August 03, 2009
GlobalFoundries could be the elusive Eurofoundry
LONDON — If Infineon could be persuaded to follow STMicroelectronics and switch outsourced IC manufacturing to GlobalFoundries in Dresden, we would some of the way along the path to creating a Eurofoundry that would keep advanced digital CMOS manufacturing in Europe, albeit with the help of Abu-Dhabian petrodollars.
July 31, 2009
Universal Cement to Profit From Recovering Car Market in China
Taipei, July 29, 2009 (CENS)--Universal Cement Corp., one of Taiwan`s leading producers of cement, stands to profit from the recovering automobile market in China with its 30% stake in Six Union Machinery Enterprise Co., a Taiwan-invested manufacturer of car parts in China.
July 30, 2009
Two Taipei Prominent Hi-Tech Parks See New Foreign Tenants
Taipei, July 29, 2009 (CENS)--STMicroelectronics and TDK recently signed a letter of intent with Taipei City Government to set up facilities in the Neihu Technology Park and Nangkan Software Park, respectively.
July 29, 2009
EU sets import duty on China steel pipes
BRUSSELS - European Union trade experts agreed on Tuesday to apply permanent penalties on imports of Chinese steel pipes, replacing a series of provisional six-month duties, EU officials said.
July 28, 2009
Taiwan Cement Mulls Plant Setup in Guangdong Province, China
Taipei, July 24, 2009 (CENS)--Taiwan Cement Corporation, Taiwan`s largest cement producer, is evaluating setting up a cement plant in Shaoguan of Guangdong province, China, to further deploy in that lucrative market. The firm is expected to invest at least three billion renminbi to build the plant.
July 27, 2009
Chinese plan to build WA’s first steel mill
27th July 2009, 6:15 WST
The head of one of China’s biggest steel producers has told Premier Colin Barnett he wants to build WA’s first steel mill at the Oakajee industrial park outside Geraldton.
July 24, 2009
China could challenge Germany’s export title
The World Trade Organization (WTO) says Asian countries “may be leading a recovery in global trade” but “there’s no room for complacency”.
July 23, 2009
Window of Opportunity in China Is Closing for Taiwan: Ohmae Kenichi
Taipei, July 22, 2009 (CENS)--Taiwan should step up its incursion into the Chinese market, since it has less than one year of time to capitalize on its experience and advantage in tapping the huge market potential of China, said Dr. Ohmae Kenichi, a leading Japanese business strategist of the world, yesterday (July 21).
July 22, 2009
Thailand cast in favourable light
The country seems a preferable choice for Chinese investment as other Asean nations are too protective of their auto industries
July 21, 2009
China cuts, cancels export tariffs to boost exports
China will abolish export duties on some grains and industrial products and cut the duties for chemical fertilizers and nonferrous metals from July 1 to promote exports, the Ministry of Finance said in a statement Monday.
July 20, 2009
China grows faster amid worries
China's economy grew at an annual rate of 7.9% between April and June, up from 6.1% in the first quarter, thanks to the government's big stimulus package. The country's quickening economic expansion comes as most nations in the West continue to experience recession.
July 17, 2009
'Made in the U.S.A.': Returning Home
Increasingly, manufacturers are turning away from producing offshore and returning production to the U.S.
July 16, 2009
China Auto-Replacement Program to Benefit Taiwan`s Auto Parts Makers
Taipei, July 15, 2009 (CENS)--Taiwanese auto-parts makers are expected to benefit considerably from the China`s program subsidizing the replacement of old autos with new ones, which is estimated to create 490 billion yuan (NT$2.37 trillion) of business opportunities.
July 15, 2009
China, Wind Power Domination, Isolationism and Global Conquest
Energy Secretary Steven Chu and Commerce Secretary Gary Locke will land in Beijing today to plan for Copenhagen, and possibly attempt to diffuse a growing international trade dispute that could potentially empower the Chinese to dominate the global renewable energy market.
July 14, 2009
China says steel talks still on track
Strained price negotiations between China's steel mills and iron ore producers are continuing, a Chinese official said on Monday, despite Rio Tinto's lead negotiator being arrested on spy charges.
July 13, 2009
DJ Rio Tinto Sought $9B From Chinese Steel Industry -Report
BEIJING, Jul 12, 2009 (Dow Jones Commodities News via Comtex) -- RTP | Quote | Chart | News | PowerRating -- Rio Tinto PLC (RTP) in June sought US$9 billion of compensation from China's steelmakers, 21st Century Business Herald reported over the weekend, citing an official at a big Chinese steel company.
July 10, 2009
MOEA Will Seek Free Tariff for FPD Export to China
Taipei, July 9, 2009 (CENS)--The Ministry of Economic Affairs (MOEA) has decided to put flat panel display (FPD) and FPD glass on the list of early harvest for the cross-Taiwan Strait Economic Cooperation Framework Agreement (ECFA), so that local manufacturers can expand their market share in China, capitalizing on the edge of free tariff over Japanese and Korean rivals.
July 09, 2009
India Growing As An Outsourcing Destination
As the current storm in global finance continues to test our defenses, it is a safer-than-usual bet that the long-range forecast for most industries will remain uncertain. Once skies begin to clear and more economic stability enters into play, how will things be different? Having led the original westward consolidation in healthcare globalization, what will India’s role become in global pharma’s new economic business model?
July 08, 2009
Programs Aims to Foster Export Competitiveness of Service Industry
Taipei, July 6, 2009 (CENS)--To shed the over-reliance of Taiwan`s economy on the ICT (information and communications technology) industry, the government will endeavor to push the development of emerging industries and foster the export competitiveness of the service industry, thus making the service industry a growth driver for the economy, according to the "service industry development program," scheduled to be passed by the Executive Yuan in its regular meeting on this Thursday (July 9).
July 07, 2009
China faces higher iron ore prices as contract talks stall
China, the world’s biggest buyer of iron ore, faces the risk of higher cash prices as annual contract talks stall with producers.
July 06, 2009
Taiwan`s Exports of Machine Tools Down 51.9% in 1st Four Months
Taipei, July 2, 2009 (CENS)--Taiwan exported US$585.89 million in machine tools in the first four months of this year, down 51.9% year-on-year, according to the Taiwan Machine Tool Foundation (TMTF). Of this, exports for metal-cutting machine tools came to US$444.49 million, down 54.2% and that for metal-forming machine tools amounted to US$141.4 million, down 42.6%.
July 04, 2009
Zhibin Gu: questioning "Chinese century " vs global financial crisis
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities. Get a lively interview here on key topics related to China and global financial crisis.
July 03, 2009
Copper rebounds as China manufacturing grows Production and Markets
Publishing Date 01 Jul 2009 11:22am GMT Author Mining Journal Copper rebounded on optimism demand may be recovering as manufacturing in China, the world’s largest consumer, expanded for a fourth month and on speculation the country’s bank lending climbed to a record in June.
July 02, 2009
Outsourcing Becomes the New Insourcing
Not long ago, shifting manufacturing facilities to China was all about reducing labor and other manufacturing costs for products bound for export.
June 30, 2009
China's steel industry records first profit in seven months
After seven consecutive months of losses, China's iron and steel industry has recorded its first profit, according to the China Iron and Steel Association (CISA). Although industry insiders believe that this is the first sign of a turnaround, the industry recorded overall losses in the first five months of the year.
June 29, 2009
Synnex Technology Sees China-driven Growth
Taipei, June 25, 2009 (CENS)--Synnex Technology Information Corp., Taiwan`s leading distributor of 3C (communications, computers, consumer electronics) products, recently confirmed China will be its main driver of business growth in the second half of this year.
June 26, 2009
Outsourcing Advisor Pace Harmon Clinches 2009 Supply & Demand Chain Executive 100 Recognition
Premier Supply Chain Publication Honors Pace Harmon for Helping Companies Weather Current Economy and Prepare to Scale for Future Growth
June 25, 2009
Zhibin Gu: how China's outsourcing, manufacturing, tech, logistics centers are created?
Get inside story about Chinese business and management. How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market? How to do investing, travel, trade inside China? Get real investigations from a timely book.
June 24, 2009
Feng Tay Reinforces Sales Channels in Taiwan, China
Taipei, June 22, 2009 (CENS)--Despite the global downturn, Feng Tay Enterprise Co., Taiwan`s leading footwear manufacturer, is strengthening its sales channels in both Taiwan and China.\
June 23, 2009
Supply Chain News: Caught Between the Tiger and the Dragon
New Business Novel by Jim Tompkins Captures the Challenges and Opportunities of Today’s Corporate Financial Pressures and China; Our Review
It may not have been the first, but Dr. Eli Goldratt probably most memorably demonstrated the power of the “business novel” in the 1980s with his book The Goal, in which main character Alex Rago famously learns that the way to fix the ailing manufacturing plant he manages may be through a then little known concept called the Theory of Constraints (TOC).
June 22, 2009
Outsourcing Still Hot Business in China
China's outsourcing industry has maintained a strong business growth in the first five months of this year although the financial crisis has reduced demand from foreign companies such as big banks and insurance companies.
June 19, 2009
PCH invests millions in new Chinese manufacturing plant
Entrepreneur Liam Casey is investing millions of euro in a new manufacturing plant in China. The facility in Tianjin, the sixth-largest city in China, is the fifth Chinese operation for Casey’s supply chain firm, PCH International.
June 18, 2009
Export-Import Bank in Taiwan and China May Work Together
Taipei, June 17, 2009 (CENS)--With growing financial exchanges on both sides of the Taiwan Strait, the government-run Export-Import Bank (EIB) in Taiwan will very likely work with its counterpart in China to offer credit insurance services to Taiwanese enterprises in China that apply for financing there.
June 17, 2009
China warns over Rio-BHP ore venture
BEIJING (Reuters) - Rio Tinto's (RIO.AX) and BHP Billiton's (BLT.L) proposed iron-ore joint venture has "a strong monopolistic flavour" and Chinese firms are actively seeking ways to cope with it, state media on Wednesday cited a senior official as saying.
June 16, 2009
China copper imports hit record
Production and Markets
Copper imports by China, the world’s largest consumer of the metal, climbed for a fourth month to a record in May, beating analyst expectations.
June 15, 2009
Mainland China Pledges Lucrative LED Orders to Taiwan
Taipei, June 11, 2009 (CENS)--Members of a mainland China procurement delegation currently visiting Taiwan said the delegation would place lucrative contract orders with Taiwanese light emitting diode (LED) manufacturers by the end of this year for LED products including epitaxy wafer, chips, packages and lighting systems.
June 12, 2009
Malaysia covets China’s outsourcing spot
KUALA LUMPUR: Malaysia wants to be the No 2 location worldwide for outsourcing activities, edging out China, in five year’s time, said the Multimedia Development Corporation (MDeC).
ne 11, 2009
China Steel announces price increases for next month
DEMAND: Spending on public works and infrastructure projects in major markets are lifting global demand for steel. Still, consumption will be down 14 percent this year
June 10, 2009
Arab businesses capture 35 per cent of Middle East’s outsourcing business
Regional companies are outsourcing most of their operations as the current financial crisis forces them to save operational costs, according to a regional expert.
June 09, 2009
TAMI: Taiwan`s Exports of Machinery Down 35.1% in Q1
Taipei, June 8, 2009 (CENS)--Taiwan exported US$2.6 billion of machinery in the first quarter of 2009, down 35.1% year-on-year from US$4.007 billion, according to the Taiwan Association of Machinery Industry (TAMI).
June 08, 2009
Taiwan IDB Makes Manufacturing Investments in China Far Easier
Taipei, June 6, 2009 (CENS)-Taiwan`s Industrial Development Bureau (IDB), under the Ministry of Economic Affairs (MOEA), has preliminarily relaxed considerably the existing restrictions on investments in China by Taiwanese manufacturers, notably those in semiconductor, FPD (flat panel display), and petrochemical industries, according to the Chinese-language Economic Daily News.
June 05, 2009
No deal, but Fortescue's a big winner
Andrew Forrest's Fortescue Metals is not involved in the Pilbara iron ore compact of Rio Tinto and BHP Billiton in the Pilbara but is has nevertheless emerged as a big winner.
June 04, 2009
Zebra starts layoffs, transition to China
Lincolnshire-based Zebra Technologies Corp. is on target to lay off about 150 workers at its Vernon Hills manufacturing facility, including a first wave of 64 by July, as the company outsources its manufacturing to China.
June 03, 2009
Asian Companies Dominate Global Outsourcing 100 List
Outsourcing services providers from Asia Pacific continued to dominate the Global Outsourcing 100 ranking for the second consecutive year, according to lists released by the International Association of Outsourcing Professionals (IAOP).
June 02, 2009
ZhibinGu: China management: outsourcing, stock market, consumer, challenges, opportunities
How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China? Learn about Chinese multinationals, society, banking, management, outsourcing, education, politics, individual life during a transition period. How to do investing, travel, trade inside China? Get real investigations from a timely book.
June 01, 2009
China's leading coal producer teams up with major steel maker to sharpen competitive edge
The Shanxi Coal-Steel Energy Development Company began operation recently in this capital city of north China's Shanxi Province, a senior official with the Shanxi Coking Coal Group confirmed Saturday.
May 29, 2009
Rio Tinto's Korea iron ore win pushes China
RIO Tinto has landed another punch in its high-stakes fight with China, after South Korean steelmaker Posco agreed to a cut in iron ore prices of between 33 per cent and 44 per cent, two days after Japan's leading steelmaker signed a similar deal.
May 28, 2009
Good China
Santa Feans cozy up to the People’s Republic
China has an area of 6 million square miles, a population of more than 1.3 billion. It is a totalitarian state with little tolerance for alternative viewpoints that violates human rights as a matter of national policy and is a major contributor to the current environmental crisis.
May 27, 2009
China’s growing strength
Shanghai is set to become the new Bangalore according to a recent report released by KPMG. The report entitled, ‘A new dawn: China’s emerging role in global outsourcing’ has China down for outsourcing greatness over the next few years.
May 26, 2009
Zhibin Gu: China outsourcing, tech, stock market, management lessons
How is global financial crisis reshaping Chinese and world politics, finance, banking, trade and outsourcing? How to profit from rising Chinese trade, yuan and stock market?
May 25, 2009
India's Outsourcing Industry Faces New Challenges
A growing flock of competitors gets into the act
The global outsourcing industry, once India's near-exclusive preserve, is shifting to other parts of the planet including China, the Philippines, Russia and Eastern Europe, presenting unprecedented challenges to the country that virtually invented the idea.
May 22, 2009
AMR Research Study Finds the Risk of Sourcing and Manufacturing in China is Increasing Rapidly
Top Concerns with China are Intellectual Property Infringement, Quality Failures, and Regulatory Compliance
May 21, 2009
China loses low-cost manufacturing crown to India, Mexico: Study
SHANGHAI: China has lost its position as the world's lowest-cost components manufacturer to India and Mexico, a study indicated Wednesday, in a blow for the Asian giant as it fights the financial crisis.
May 20, 2009
'We Plan to Invest More in India'
Telefonaktiebolaget LM Ericsson, the world's largest telecom equipment manufacturer, supplied its first product to India more than 100 years ago, in 1903. Its president and CEO Carl-Henric Svanberg spoke to Manoj Gairola.
May 19, 2009
Outsourcing's Five W's
Journalism schools teach novice reporters that news stories must provide answers to five W's: who, what, where, when and why. Corporate officials involved in outsourcing should study those five Ws because the answers to those questions can help minimize costly mistakes.
May 18, 2009
Outsource Partners International Takes a Place Among the "Leaders" of IAOP's Global Outsourcing 100
LOS ANGELES, CA -- (Marketwire) -- 05/15/09 -- Outsource Partners International, Inc.
(OPI), a leading provider of finance and accounting outsourcing (FAO) : and analytics services : , announced today that it has been ranked in the 2009 Global Outsourcing 100 as an outsourcing "Leader" whose key strengths include Customer References and its capabilities in the Services and the Discrete Manufacturing industries. This marks the fourth consecutive year that OPI has earned the honor of being named to the International Association of Outsourcing Professional's (IAOP) ranking of the world's best outsourcing providers.
May 15, 2009
China`s Sinosteel Eyeing the Taiwanese Market
2009/05/12
Taipei, May 12, 2009 (CENS)--Sinosteel Corp., a leading steel industry equipment supplier in China, will probe the feasibility of mutual shareholdings with Taiwanese steel firms and the establishment of a headquarters building in Taipei, said Huang Tianwen, the company`s chairman, yesterday (May 11) during a visit to Taiwan.
May 14, 2009
SaM Solutions Named to the 2009 Global Outsourcing 100 List By IAOP
SaM Solutions, Has Been Ranked on the Main 2009 Global Outsourcing 100™ List Presenting World's Best Outsourcing Service Providers and Advisors by the International Association of Outsourcing Professionals (IAOP)
May 13, 2009
Steel majors plan increase in production for HRC & CRC in May – Survey
Mysteel conducted a survey May 6th on the steel production arrangement of major domestic makers of HRC, CRC, medium plate, construction steel and H-beam for this month. Below are the findings. It's to be noted that the statistics given are incomplete for some manufacturers have yet to release their plans.
May 12, 2009
Report: Outsourcing Alone Not The Answer To Big Cost Savings
Cheap overseas labor isn't as effective as a means of cost savings as some game developers may hope, according to an outsourcing study by consultancy firm Beriah.
May 11, 2009
FSC to Further Ease Rules on China Investments in Foreign Banks
Taipei, May 8, 2009 (CENS)-The Cabinet-level Financial Supervisory Commission (FSC) recently reached consensus with the Mainland Affairs Council (MAC) to further relax restrictions on Chinese investments in foreign banks in Taiwan.
May 08, 2009
Study: U.S. companies eye home soil for outsourcing
Survey ranks India third as outsourcing destination
SAN FRANCISCO – A recent study by BDO Seidman LLP, an accounting and consulting organization, finds that nearly a quarter of the chief financial officers at U.S. technology businesses who outsource plan to consider the United States as the main outsourcing destination in 2009.
May 07, 2009
Global Supply Chain: What’s Going to Happen to “The China Price?”
After Years of Upward Pressure, Now a Retreat, as Buyers Gain Upper Hand; How Long will it Last?
More...»
May 06, 2009
AppLabs reigns supreme in key categories of the Global Outsourcing 100 Final listing
London, UK; Philadelphia, Lindon, USA; Hyderabad, India:
AppLabs, the world’s largestindependent testing, quality management and certification solutions company, has been ranked on top of some key indicators of the Global Outsourcing 100 final listings of 2009, published every year by the International Association of Outsourcing Professionals (IAOP).
May 05, 2009
Taiwan Gov`t Cautions Against Far EasTone-China Mobile Deal
Taipei, May 5, 2009 (CENS)--Executive Sectary General L.D. Fan of the Investment Commission under the Ministry of Economic Affairs (MOEA) cautioned that the government has yet to liberalize investments in Taiwan`s telecom market by mainland China.
May 04, 2009
Two MNCs plan business process outsourcing centres
TWO US-based multinational corporations (MNCs) are setting up their business process outsourcing (BPO) and shared services centres in the RM100mil SunTech Tower in Bayan Baru soon.
May 01, 2009
China voices protest against US steel probe
The Chinese government is deeply concerned about US investigations into tubular and pipe steel imported from China, the Ministry of Commerce said yesterday.
April 30, 2009
TSRC Corp. in Taiwan Raises Capacity to Meet Demand in China
Taipei, April 27, 2009 (CENS)--Thanks to the rising demand for automobile driven by mainland China`s program to drum up car sales in rural villages, TSRC Corporation, one of Taiwan`s leading manufacturers of synthetic rubber, is raising production capacity to meet such booming demand.
April 29, 2009
Foreign Direct Investment In China. The Times Have Changed. For Good.
China Law Blog's Steve Dickinson recently did a China Economic Review column on China's efforts to move away from being an "export-led" economy. The column is entitled, "No Turning Back," [subscription required] and its thesis is that despite the economic downturn, China's overall macroeconomic plan is still moving forward.
April 28, 2009
China’s Outsourcing Will Excel in the Domestic Market and Manufacturing
Sun Zhenyao, former president of HP China, says that China and India have a strong lead in developing the service outsourcing industry and that China is most likely to excel in the domestic market and manufacturing outsourcing field.
April 27, 2009
Steel Makers, Miners Avoid Price Talks
This year's negotiations between China's steel companies and iron ore miners on a benchmark price for the material could last until mid-year, which would be a record, analysts have told Xinhua.
April 24, 2009
National Interest and Foreign Investments
National interest, often referred to by the French term raison d’état, is a country’s goal and ambition, whether economic, military, political or cultural.
April 23, 2009
Going for green without the red ink - Clean-tech companies need a solid business case
Ted Lattimore has some advice for green technology start-ups trying to make sales in tough times. Focus less on touting the greenness of your business and more on making an economic case for your product.
April 22, 2009
Taiwan Urged to Sign ECFA With China to Retain Competitiveness
Taipei, April 22, 2009 (CENS)--Lin Chu-chia, financial and economics advisor to the President, indicated to domestic entrepreneurs that Taiwan should sign the proposed economic cooperation framework agreement (ECFA) with China as soon as possible, or risk lagging behind its rival-South Korea-in trade.
April 21, 2009
China First, India Fourth in Global Manufacturing Value Output
Apr. 21 - The United Nations Industrial Development Organization www.unido.org (UNIDO) have just released their International Yearbook of Manufacturing Statistics and have found that China and India rank first and fourth respectively in global manufacturing value added (MVA) output.
April 20, 2009
China to send delegation to U.S. over steel dispute
WHEATLAND —
China is sending a delegation to the U.S. in response to American tube producers’ complaint that Chinese companies were dumping pipes on American shores. American producers’ response: Bring it on.
April 17, 2009
The challenge of outsourcing
Outsourcing pertains to sub-contracting a process to a third party. These processes can range from simple ones, such as encoding and janitorial services, to more complex processes, such as payroll preparation, customer service, and even an entire manufacturing process.
Aprll 16, 2009
China warns US over anti-dumping claim
BEIJING - China said the US should deal "cautiously" with the anti-dumping complaint from US steel makers that China dumped specific types of tubular and pipe steel into the US market.
April 15, 2009
Jabil Circuit May Benefit from Increased Outsourcing
Overview
The company is a major player in the electronic manufacturing business, which is extremely competitive and cyclical. In recent years, restructuring has been ongoing, for Jabil and also for many competitors. Share prices have plummeted.
April 14, 2009
Satyam Clients Cross Fingers, keep eyes open
CHENNAI | HYDERABAD | NEW DELHI: Satyam’s customers seem to be cautiously optimistic after Tech Mahindra placed the highest bid for Satyam on Monday.
April 13, 2009
China Ready to Sign Economic Cooperation Agreement With Taiwan
Taipei, April 10, 2009 (CENS)--The signing of cross-Taiwan Strait general economic agreement, in whatever name, will benefit both the Chinese and Taiwanese economies, facilitating their joint effort in linking up with the Asia-Pacific regional economic cooperation mechanism, said Jia Qinglin, chairman of China`s People`s Political Consultative Conference, yesterday (April 9).
April 10, 2009
Shear determination 08/04/2009
The bleak outlook of the economy is not frightening every manufacturer. Justin Cunningham talks to one company bucking the trend
April 09, 2009
U.S. Steel Producers File Trade Case Against China
PITTSBURGH (AP) -- Producers of steel pipe used in oil and gas drilling on Wednesday filed complaints with U.S. trade officials over alleged unfair competition from Chinese imports they say have flooded the domestic market.
April 08, 2009
Datang to Help Taiwan Tap China`s Vast 3G Cellular Market
Taipei, April 6, 2009 (CENS)--The China-based Datang Telecom Technology Co. will help Taiwan open a laboratory to field-test time division synchronization code division multiple access (TD-SCDMA) cellular equipment in preparation for inroads into the mainland`s vast 3G market, estimated at 1.5 trillion yuan (US$220 billion at US$1:6.8 yuan) in revenue.
April 07, 2009
Consolidation wave expected in contract manufacturing
The mergers and acquisitions that have become a feature of the contract research organisation (CRO) sector in recent years look likely to gain momentum in contract manufacturing as well.
April 06, 2009
China's coming collapse: corruption vs finance, trade, jobs, outsourcing, politics
Is China's runaway corruption to bring a sudden collapse? Is global financial crisis impacting China? Is a runaway government corruption destroying Chinese economy and peace? What is really behind Chinese finance, politics, trade, politics and society? Has China's ongoing reform altered the nation's political-economic landscape as far as government corruption is concerned? What is the next if this corruption goes deeper? Get the powerful and insiders' reports on Chinese politics, government amid global financial meltdown.
April 03, 2009
Imtech announces outsourcing contracts in Netherlands
Imtech (Euronext: IM), a technical services provider, announced today (2 April) that the company has recently been awarded several ICT (Information and Communication Technology) outsourcing contracts in the Netherlands.
April 02, 2009
Transparency in Outsourcing, Part 1: Silent Shrinkage
Sometimes when companies lay off thousands of workers, they actively publicize the action in order to appease investors. Other times, little to no fanfare is made at all. Oftentimes, at least some of these eliminated positions are actually being outsourced -- are outsourcing firms cleaning up during an overall economic recession?
April 01, 2009
BP Solar Plans to Hire Others to Make Panels
The company is closing a panel assembly factory in the United States and one in Spain. BP also plans to outsource panel production to others. This cost-cutting move is becoming trendy.
March 31, 2009
'Outsourcing industry is here to stay'
UST Global, founded in 1999 in southern California, to provide IT and business process outsourcing services is one of the largest BPO units. It offers services to 1,000 companies in 14 different countries.
March 30, 2009
Questioning Chinese multinationals, stock market, hightech, politics, jobs
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
March 27, 2009
Hon Hai, Metro Group Team Up to Tap China`s Consumer Electronics Market
Taipei, March 25, 2009 (CENS)--The Hon Hai Group yesterday signed an agreement with the Metro Group of Germany to jointly tap mainland China`s consumer electronics market by opening marts there in 2010 to sell computers, communications equipment and consumer electronics.
March 26, 2009
Time to Buy Infosys, Indian Outsourcers?
Founded in 1981 by seven software engineers with the equivalent of $250, Infosys Technologies (INFY) is now one of the world's largest IT services firms. The Bangalore-based firm offers a full range of IT services, from application maintenance to management consulting. Although it's known best for offshore work, more than 50% of revenue comes from on-site and near-shore assignments in India. The company reports earnings on April 15.
March 25, 2009
Does Asian outsourcing still make sense?
Before I get to my topic today a reader wanted to know when I was last in China and am I still focused on outsourcing. My last trip to Asia was in late January and into early February. And my consulting focus is helping companies figure out the what, when and where of outsourcing.
March 24, 2009
Taiwanese Makers to Cash In On Huge Demand for 3G Communications in China
Taipei, March 23, 2009 (CENS)--With Chinese telecom service providers to widely operate 3G communication services this year, Taiwanese makers of handsets and related parts have eagerly moved to tap the enormous business opportunities in China, according to industry sources.
March 23, 2009
Globalization's New Underclass: China, the US, Japan and the Changing Face of Inequality
By Stephen Roach
[Stephen Roach, chief economist of Morgan Stanley, has written extensively on the "global labor arbitrage" and its increasing impact on politics and economics across the developed and developing worlds.
March 21, 2009
'Obama's Anti-Outsourcing May Hurt Global Trade
NEW DELHI: His anti-outsourcing views may have struck a chord with middle-class Americans during his successful presidential campaign, but Barack
Obama is having a tough time selling these policies to some of the largest US corporations.
March 20, 2009
Sliver Lake Said Interested in Investing in DRAM Maker TMC
Taipei, March 19, 2009 (CENS)--Private equity fund Silver Lake has reportedly shown interest in investing in Taiwan Memory Corp. (TMC), likely making it the first foreign investor eyeing Taiwan`s DRAM sector.
March 19, 2009
China blames west for its CO2 emissions
Consuming nations should pay for carbon dioxide emissions, not manufacturing countries, says China.
March 17, 2009
Recession wherefore: Flextronics to restructure for anticipated cash savings of $230M-$260M annually
Flextronics, a leading electronics manufacturing services (EMS) provider, says its newly reported restructuring plans are intended to rationalize the company's global manufacturing capacity and infrastructure as a result of current macroeconomic conditions and decline in demand from its OEM customers.
March 16, 2009
Electronics outsourcing revenue to fall 9.9% as EMS demand slips
The recession is taking its toll on the electronics contract manufacturing industry as electronics outsourcing revenue will fall nearly 10% in 2009, according to researcher iSuppli.
March 13, 2009
China Is The Key To Mass Acceptance Of Electric Cars
Loads of people still hang onto fears of poor Chinese manufacturing, but if we want to get cheaper electric cars in the United States, we should let go of those fears.
March 12, 2009
Can High Quality, Affordable EVs Be Made in China?
I clearly remember a very interesting debate I was involved in while at Tesla. The debate was about the manufacturing strategy for the WhiteStar (now known as the Model S) sedan.
March 11, 2009
For North American Businesses, The Benefits Of Onshore Outsourcing Are Off The Charts
The discussion about outsourcing continues to be an on-again, off-again affair — onshore and offshore, that is.
March 10, 2009
Domestic Outsourcers Now Favored By Most Tech CFOs
Vendors are repatriating some operations in the face of heightened economic and geopolitical risk.
March 09, 2009
TSMC to announce Intel deal
NEW STRATEGY:: The TSMC contract with Intel to supply chips is the first time the world’s largest chipmaker has outsourced its processor manufacturing to cut costs
March 06, 2009
Chosen in the Leader Category of '2009 Global Outsourcing 100' for Service Excellence
Lionbridge Selected among Outsourcing Providers across the Globe by an Independent Panel of Judges
WALTHAM, Mass., March 4 /PRNewswire-FirstCall/ -- Lionbridge Technologies, Inc., (Nasdaq: LIOX), today announced it has been selected in the Leader Category of the 2009 Global Outsourcing Advisors rankings released by the International Association of Outsourcing Professionals(TM) (IAOP(TM)), the global, standard-setting organization and advocate for the outsourcing profession. Lionbridge was named in the 2009 Global Outsourcing rankings for its outstanding global outsourcing services.
March 05, 2009
Outsourcing Continues to Evolve
The global outsourcing market continues to grow at a steady pace, with a 2007 worldwide market growth rate of 10.2% for both IT outsourcing (ITO) and BPO, with BPO showing double-digit growth.
March 04, 2009
Survey: More CFOs consider outsourcing in U.S.
Nearly two-thirds of chief financial officers at technology businesses say they'll oursource services or manufacturing this year, but more plan to outsource in the U.S. rather than abroad.
March 03, 2009
EASTEC: Three Decades in the Making
Giant Manufacturing Show Continues to Take the Pulse of the Sector
Larry Flatley says Smith & Wesson’s strong name recognition — it is arguably one of the most famous brands in the world — helps draw people to the company’s booth at EASTEC, the huge manufacturing show staged each May at the Eastern States Exposition.
March 02, 2009
China's Baosteel to form joint venture with domestic rivals
SHANGHAI, March 1 (Xinhua) -- Baosteel Group, a leading Chinese steelmaker, announced Sunday it would form a new joint venture with two domestic rivals in eastern Zhejiang Province.
February 27, 2009
China mills push steel output above 2008 levels
SHANGHAI, Feb 26 (Reuters) - A blind rush back to production by Chinese steel mills has pushed China's crude steel output back up above the 2008 average, threatening to worsen oversupply and ruin profitability, a top industry official has warned.
February 26, 2009
SaM Solutions Is Named Among the World's Top Outsourcing Service Providers
SaM Solutions has been listed among The Global Outsourcing 100 providers
(PRWEB) February 25, 2009 -- SaM Solutions -- a leading provider of software development outsourcing services from Eastern Europe has been selected to the Rising Stars category for the Global Outsourcing 100™ ranking of the world's best outsourcing service providers and advisors developed by the International Association of Outsourcing Professionals (IAOP).
February 25, 2009
China, India map: history, current affairs, politics, corruption, jobs, outsourcing, banking
Watch out on the secret progress of China and India!!! Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
February 24, 2009
Fortescue's Chinese talks continue
FORTESCUE Metals Group says talks with Chinese entities for equity investment and a hybrid funding package are progressing well.
February 23, 2009
Made in America - Does the United States Make Anything Anymore?
WASHINGTON – It may seem like the country that used to make everything is on the brink of making nothing.
February 20, 2009
China General Plastics to Build PVC Plant in Kaohsiung
2009/02/20
Taipei, Feb. 20, 2009 (CENS)--China General Plastics Corp. of the USI Group plans to budget NT$4 billion (US$117.64 million at US$1:NT$34) to build a new plant with the annual capacity of 170,000 metric tons of PVC (polyvinyl chloride) in Linyuan of Kaohsiung County, southern Taiwan.
February 19, 2009
Recession looms as Chinese get tough
AUSTRALIA'S once-triumphant iron ore and coal miners face price cuts of between 30 and 50 per cent, which would slash export income by the equivalent of 4 per cent of gross domestic product and increase the likelihood of recession.
February 18, 2009
Economic Crisis Complicates Offshoring of Services
With the world increasingly integrated with high-speed fiber-optic networks, globalisation has brought new services. Countries with low-wage skilled labor have developed information technology services and back-office work as a lucrative area for offshoring by industrialised countries. Application development in India, call-centers in the Philippines, and software engineering in Russia are typical examples. But the growing economic crisis is destined to put pressure on this offshoring business and new competitors aim to challenge India’s dominating position in this field.
February 17, 2009
Steel and Iron Sector: "From Scale to Strength"
In 2008, China's steel and iron production growth experienced a course from increase to decrease. The steel output in 2008 reached 500 million tons, making a record high in the history.
February 16, 2009
10 Pointers for India to Make a Mark in Engineering Outsourcing
Domain knowledge must be increased more rapidly by engaging specialists from Western nations
February 13, 2009
Chinalco to invest $19.5 billion in Rio Tinto
LONDON — The Aluminum Corp. of China agreed to invest $19.5 billion in the mining group Rio Tinto on Thursday in the country's largest purchase overseas, taking advantage of lower valuations to guarantee access to iron-ore resources.
February 12, 2009
Guest column: Steel product price hikes create risks for Chinese mills and traders
In this the first metals guest column, Ma Zhongpu of ChinaCCM.com analyzes the reasons behind the recent increases in domestic steel product prices and the possible risks involved. Translated from the original Chinese by Ginger Ding.
February 11, 2009
China Wind Starts Production at New Factory
Wuxi City facility is producing rolled rings and other gearbox components to serve demand in China that could double installed capacity this year.
February 10, 2009
Steel Prices Continue Upward March
Domestic steel prices have increased for 12 consecutive weeks since mid-November 2008, according to statistics from steel consultancy website mysteel.com.
February 09, 2009
Global Turmoil Deepens China's Chipmaker Woes
It is hard not to feel gloomy walking into the reception area of Semiconductor Manufacturing International Corporation's Shanghai headquarters.
February 06, 2009
Tata Tea to outsource herbal tea manufacturing in US
Kolkata, Feb 2 (IANS) Tata Tea Ltd will outsource manufacturing of Good Earth, its herbal tea brand in the US, to an existing joint venture in that country to save “over $1 million” (about Rs.5 crore) annually, a top company official said here Monday.
February 05, 2009
Survey: Economy Pushing Manufacturers To Outsource
PEORIA, Ill. -- According to an Advanced Technology Services, Inc. (ATS) survey, the majority of manufacturing leaders and plant managers say they would outsource non-core functions, specifically the maintenance of their production machinery and assets, in order to bolster against recession.
February 04, 2009
Ahead of Global Financial Crisis: China, India, US competiton, jobs, banking, politics
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
February 03, 2009
Chinalco lines up cash for Rio investment
CHINA'S Chinalco has arranged financing for a potential $US15 billion to $US20 billion ($31.5 billion) investment in Rio Tinto that will involve buying minority stakes in mines - including Rio's prized iron ore assets - and the issue of a convertible bond.
February 02, 2009
Cranston firm to outsource textile printing operations
A Cranston textile company that was founded in 1807 will stop its manufacturing operations, which are done in Massachusetts, by June 1, company officials said yesterday.
January 30, 2009
MedMira Project in China to Create Jobs Here
Biomedical firm MedMira Inc. will hire skilled technicians for its Halifax operation as it expands manufacturing in China to supply international growth.
January 29, 2009
Frost & Sullivan: Outsourcing Emerges as a Cost-saving and Reliable Trend for Calibration Services
MOUNTAIN VIEW, Calif., Jan. 23 /PRNewswire/ -- The calibration service industry is flooded with participants, but very few have a global presence. Most vendors are restricted to their own region. In order to stay competitive in this economic slowdown, manufacturing companies rely on cost-cutting measures in order to stay competitive.
January 28, 2009
Vale Gains on Speculation Chinese Demand Recovering
Cia. Vale do Rio Doce, the world’s biggest iron-ore producer, climbed to the highest in two weeks on speculation Chinese demand will bolster prices for the steelmaking ingredient.
January 27, 2009
Beyond Global Financial Crisis: China, India, US competiton, jobs, banking, politics, law
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
January 26, 2009
Nippon Steel, Tokyo Steel Plan Output Cuts as Recession Deepens
Jan. 23 (Bloomberg) -- Nippon Steel Corp., Asia’s largest steelmaker, and Tokyo Steel Manufacturing Co. said they plan to reduce output to try to counter deteriorating demand as the global recession deepens.
January 23, 2009
Yung Gang Enterprise Co., Ltd.--Valves, metal fittings, flanges, and hardware
Yung Gang Enterprise Co., Ltd., established in early 2007, is one of Taiwan`s major specialized manufacturers of valves, metal fittings and hardware such as quick coupling. Most of the company`s products are ingrained with the "Yung Gang" brand. It also provides OEM (original equipment manufacturer) services.
January 22, 2009
Manufacturing CFO’s Using SAP Look to SaaS Outsourced eCommerce B2B Websites
Increasingly manufacturing CFO’s are turning to Software as a Service (SaaS) solutions to reduce costs, increase efficiency, and improve operation productivity. The initial and recurring costs of on-premise software applications top $10,000 per user, per year. With tight budgets these CFO’s are simply unwilling to let on-premise solutions drain resources.
January 21, 2009
WTO to Probe Legality of U.S. Duties on Chinese Steel (Update1)
Jan. 20 (Bloomberg) -- World Trade Organization judges agreed to decide whether U.S. duties on imports of Chinese steel pipes, some off-road tires and laminated woven sacks break global trade rules.
January 20, 2009
Taiwan Cement Corp. to Supply Infrastructure Works in China
Taipei, Jan. 16, 2009 (CENS)--Taiwan Cement Corporation, a leading cement maker in Taiwan, recently acquired orders to supply infrastructural projects in China, including Fuzhou Airport Rapid Transit System, Guangzhou expressway and railway construction.
January 19, 2009
forecast: China, India, global financial crisis, next leaders vs competition
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
January 16, 2009
IT outsourcing from China growing at 20-40 per cent
The information technology outsourcing business in China continued to grow at a decent 20 - 40 per cent even as global outsourcing business declined 39 per cent in the first nine months of the previous year, according to consultancy firm McKinsey & Co.
January 15, 2009
Steel Sector Gets Booster Package
The State Council approved a stimulus package Wednesday to help the steel industry weather the international financial crisis.
January 14, 2009
Outsourcing in a troubled economy
Those who shunned outsourcing may change their minds during this downturn, industry observers say.
January 13, 2009
New iron ore contracts may see price cuts
Kolkata: Iron ore mining companies in India may be forced to revise their prices downward this year when negotiations for new contracts open up. Baosteel, China's largest steelmaker, is said to be asking Australian iron ore producers for a 40% cut in 2009 benchmark contract prices and Indian steelmakers are expected to follow suit.
January 12, 2009
IT outsourcing in 2009
2009 will be a slow year for IT outsourcing, and companies will have to be innovative if they are to maintain growth.
January 09, 2009
Business helps companies outsource to Asia
EAST HADDAM — A small cottage in Moodus Center hardly seems a likely choice for a multinational company that helps businesses move their manufacturing to Asia. But the area appealed to Jay Kamen, so he chose a little building on East Haddam Moodus Road as the new company headquarters for his business, KITO. The name of the company comes from the Chinese version of Kamen’s name.
January 08, 2009
Taiwan Exports 14.2% More Machine Tools in First 10 Months of 2008
Taipei, Jan. 6, 2009 (CENS)--Taiwan exported US$3.23 billion worth of machine tools in the first 10 months of 2008, a moderate 14.2% year-on-year growth, said the non-profit Taiwan Machine Tool Foundation (TMTF). Of the two major categories of the products, metal-cutting machine tools saw exports grew 15.8% year-on-year to reach US$2.574 billion; exports for metal-forming machine tools amounted to US$656.94 million, up 8.2%. The TMTF export figures are tabled below.
January 07, 2009
China may not build up steel reserves
BEIJING: China is likely to give up a plan to build up state reserves in steel as the government and industry association have found it to be an impractical task, state media reported on Wednesday.
January 06, 2009
SMEs May Be Taxed for Outsourced Work
NEW DELHI: Small and medium-sized firms that undertake the bulk of actual manufacturing for large companies may now have to forgo a part of their Countries in recession Competitive economies
January 05, 2009
Chuen Jaang Precision Industry Co., Ltd. -- precision turned parts
After undergoing successful business expansion almost every year since its establishment in 1982, the ISO 9001-certified Chuen Jaang Precision Industry Co., Ltd., one of the most comprehensive and leading suppliers of precision turned parts in Taiwan, has grown into a world-class player, and yet its expansion continues unabated in both product diversification and operation scale.
January 02, 2009
China turns screws on iron ore giantsArticle from:
JUST days into the new year the signs from China for our battered big miners are ominous.
January 01, 2009
Atlas Iron shares jump on WA discoveries
Shares in Australia's newest iron ore producer Atlas Iron Ltd jumped after it announced four new discoveries at its Abydos project in Western Australia's Pilbara region.
December 31, 2008
Plan to save Dell jobs by outsourcing
FORMER DELL executive Nicky Hartery is understood to be among a group of investors involved in a consortium bid to save the 2,000 manufacturing jobs under threat at Limerick's largest employer.
December 30, 2008
Capacity Utilization Rates of Top Two Foundries to Fall Under 50%
Taipei, Dec. 30, 2008 (CENS)--Foreign institutional investors recently estimated capacity utilization rate at Taiwan Semiconductor Manufacturing Co. (TSMC) to fall under 50%, and that of United Microelectronics Corp. (UMC) may decline to less than 30% in the first month of 2009.
December 29, 2008
Limerick braced for bad news from Dell
THE founder and chief executive of Dell computers, Michael Dell, is expected to travel to Limerick early in the new year to confirm that 2,000 people employed in the Irish manufacturing sector are to be made redundant.
December 26, 2008
Jabil to manufacture solar panels for Canadian company
Jabil Circuit Inc. has signed a long-term agreement with Day4 Energy Inc. in Burnaby, British Columbia, to produce photovoltaic modules used in solar power energy production.
December 25, 2008
Green Energy Starts Volume Production of Thin Film Solar Cells
Taipei, Dec. 25, 2008 (CENS)--Green Energy Technology Inc., a solar-technology affiliate of the Tatung Group, announced yesterday that it has launched volume production of thin-film solar cells on its 8.5-generation production lines, with annual output estimated at 30 megawatts of the cells in 2009.
December 24, 2008
Study reveals future vision of manufacturing industry
Capgemini, a global provider of consulting, technology and outsourcing services, on December 15 launched “Manufacturing in 2020”, an in-depth study into how manufacturers expect to do business in 2020 compared to today.
December 23, 2008
Will Barack Obama Commit Industrial Policy?
Barack Obama may soon find that he is committing a big sin against one of the major premises of the reigning ideology. As part of his plan to restructure the auto industry, rebuild infrastructure, and create new green industries and jobs, he will be committing industrial policy. And this will create a head-on collision with one of the cherished dogmas of market fundamentalism -- "free trade."
December 22, 2008
Steel makers reshuffle to overcome financial crisis
Dozens of private-owned steel makers in China's major steel producing city Tangshan, Hebei province, are restructuring in order to overcome the recession in the steel market
December 19, 2008
Why Should Govt Fear Steel Imports?
NEW DELHI: The government recently raised the import duty on steel from 0% to 5% and said this was necessary for increasing the profitability of steel industry— read primary steelmakers— to a certain level so that it remains viable.
December 18, 2008
Whose New Century: China, global financial crisis, wealth, jobs, politics, entrepreneurs
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
December 17, 2008
Sinosteel wants more iron oreJohn Garnaut, Beijing
SINOSTEEL, China's biggest iron ore importer and trader, says the Chinese ore market is recovering and it wants to accelerate shipments from Australia.
December 16, 2008
Successful Electronics Outsourcing: An Old Concept with a New Twist
In a continually contracting environment, many OEMs are experiencing significant challenges in outsourcing product manufacturing. Inability to outsource manufacturing efficiently without outsourcing some of the engineering tasks associated with a design has become prevalent.
December 15, 2008
UPDATE 2-China may buy steel for reserves, aid exports
BEIJING/SHANGHAI, Dec 12 (Reuters) - China may take further measures to revive its steel industry, the world's biggest, which could suffer an overall loss in the next half-year, the minister of Industry and Information Technology said on Friday.
December 12, 2008
Amitive Introduces Five-Star Economic Stimulus Package for Community SCM Initiatives: "5x ROI or Your Money Back"
Fixed-Price Program of Software, Implementation and Hosting Enables Customers to Cut Costs During Economic Recession and BeyondFont Scale:
December 11, 2008
Taiwanese Firms in China See Slumping Export Orders
Taipei, Dec. 8, 2008 (CENS)--The global financial tsunami have wiped away 20% to 50% of export orders received by Taiwanese firms in China in October and November.
December 10, 2008
India Iron Ore Exporters Hope Tax Cut Will Revive China Demand
NEW DELHI --Indian iron ore exporters are hoping for a revival in demand from their biggest market, China, to push volumes, following a reduction in domestic export taxes announced Sunday, but China has already commenced talks with top global iron ore producers seeking a significant reduction in prices.
December 09, 2008
Singapore-listed China Farm seeking to cancel outsourcing deal
SHANGHAI (XFN-ASIA) - Singapore-listed China Farm Equipment Ltd said it is in talks to cancel a recently negotiated manufacturing outsourcing contract.
December 08, 2008
China's steel prices may have bottomed, producer says
Nanjing Iron & Steel United Co., the Chinese steelmaker part-owned by billionaire Guo Guangchang, said steel prices in the world's biggest user of the alloy have bottomed and output may recover on the state's stimulus package.
December 05, 2008
Supply Chain News: Success of Outsourced Manufacturing Strategies is Often Limited by Existing Supply Chain Applications that Don’t Well Support New Contract Manufacturing Model
Outsourced Manufacturing, Like Globalization Efforts, Can Fail to Meet Expectations due to System Shortfalls, Experts Say; New Web-Based Solutions Emerging.
December 04, 2008
China's Baosteel auto sheet sales up 10 pct in 2008
BEIJING, Dec 4 (Reuters) - Baosteel Group auto sheet sales rose 9.7 percent this year, despite a major slowdown in the auto industry, China's largest steelmaker said on Thursday in a statement on its Web site.
December 03, 2008
Yunnan Government plans stockpile to support smelters
News agencies reported today that the government of Yunnan province is to buy up to
one million tones of metals, based on reports posted on its website and that of China’s Ministry of Land and Resources. Yunnan will buy 150,000 tonnes of copper, 300,000 tonnes of aluminium, 150,000 tonnes of lead, 300,000 tonnes of zinc and 100,000 tonnes of tin, the report on the Ministry site said. The reserves will be kept for one year.
December 02, 2008
China's financial and political strategies against global economic crisis
Is global financial and economic crisis reshaping world politics, finance, banking, trade and outsourcing? Profiting from rising Chinese trade, yuan and stock market? How do over a half million international companies make profits in China? Learn about Chinese multinationals Haier, TCL, China Mobile, China Oil, Shanghai Auto, China Construction Bank, China Internet Companies and stock market. What is really inside Chinese society, banking, management, outsourcing, education, politics, individual life? How to do investing, travel, trade inside China? Get on-ground investigations from a timely book.
December 01, 2008
Dry Bulk Rates to Rise as China Restocks Iron O re
Dry bulk rates are likely to recover when China replenishes its dwindling iron-ore inventory and demand for thermal coal starts to pick up.
November 28, 2008
Toughest period for Baosteel Group
Baosteel Group Corp, China's top mill, is facing its toughest period in history as the economic downturn weighed on steel markets, an executive said, and traders believed that the company plans further price cuts.
November 27, 2008
The Role of Rising China, India Amid Global Financial Crisis, Political, Job Uncertainties
Is a rising China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
November 26, 2008
Asia's Economic Lessons for the U.S.
The U.S. is mortgaging its future by outsourcing technological inventions in exchange for short-term cash
November 25, 2008
Hasco Enters New Relationship With China's Largest Stainless Steel Producer
HSC 21.44, +1.46, +7.3%) announced today it has signed a Letter of Intent with China's largest stainless steel producer to develop a new working relationship for the treatment and utilization of stainless and carbon steel slag in China.
November 24, 2008
Things seldom what they seem in Chinese coal trade
THE world's busiest coal port used to be Newcastle, England and then Newcastle, Australia. Now it is Qinhuangdao, 300 kilometres east of Beijing on the Bohai Sea.
November 21, 2008
Make the Most of Outsourcing Partnerships
Outsource partnerships exist in just about every sector of the global economy, but a substantial portion of the outsourcing industry is electronic and electrical manufacturing.
November 20, 2008
Taiwanese Cement Makers Depend on China for Growth Momentum
Despite the housing downturn in China and the consequent slackening of demand for construction materials there, Taiwan Cement, Taiwan`s leading cement maker, signed a letter of intent with a municipal government in Guangdong last month for the installation of four new cement production lines with annual capacity of 9 million metric tons.
November 19, 2008
Stimulus Unlikely to Impact Iron Ore Talks
China's chances of gaining greater influence at the upcoming iron ore price negotiations are slim, despite the increased demand expected to result from the nation's 4-trillion yuan economic stimulus package, experts said.
November 18, 2008
China, India, global financial crisis: next stage competition, politics, management
Is a surging China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from a provocative interview and timely book guides.
November 17, 2008
Chii Long Iron Works Co., Ltd.--Vibratory finishing machines, grinding machines, dehydration dryers
Chii Long Iron Works Co., Ltd., founded in 1971, excels in making grinding-related machinery and providing hardware parts surface treatment services.
November 14, 2008
Kingston Plans to Build Memory Module Plant in Taiwan
Taipei, Nov. 14, 2008 (CENS)--Sincerely invited by Taiwan`s Ministry of Economic Affairs, Kingston Technology Co., the world`s largest memory module supplier, has decided to set up its new fabrication plant of memory modules in Taiwan, with the construction plan to be completed in the following two years, according to company sources.
November 13, 2008
Imports of China Steel Fall
China's steel imports to the United States in October fell 36 percent from the previous month as U.S. domestic demand for steel and steel products continued a free fall.
November 12, 2008
AUO and China`s IVO Begin Cell-production Partnership
Taipei, Nov. 10, 2008 (CENS)--AU Optronics Corp. (AUO), the largest thin film transistor-liquid crystal display (TFT-LCD) panel manufacturer in Taiwan, has kicked off cooperation with InfoVision Optronics (Kunshan) Co., Ltd. (IVO) of mainland China to produce a mid-stage product or cells, according to industry sources in Taiwan.
November 11, 2008
Outsourcing: Pros and Cons
The subject of outsourcing is controversial and a critical one for our economy. This topic seems to stay in the public focus as companies try to reduce costs and improve profits.
November 10, 2008
The New World Trade Order Under President Obama?
The most exciting and historic election campaign has just ended and Americans have elected their first African-American President.
November 07, 2008
Rutter Secures Multi-Million Contract For U.S. Stryker Retrofit Program
Rutter Inc. (TSX: RUT) announced today that its subsidiary, Rutter Technologies, has been awarded a $14.6 million (CDN) contract for a new power distribution assembly for the U. S. Army's Stryker vehicle. The contract was awarded by General Dynamics Land Systems - Canada and is an integral component of a fleet-wide retrofit program for the vehicle.
November 06, 2008
Indian Outsourcing Industry Jittery After Obama Win
India's outsourcing industry is in private a little jittery after Senator Barack Obama's victory in the U.S. presidential election. But there is the expectation in industry circles that in the end economic pragmatism will prevail.
November 05, 2008
IN BRIEF: TSMC Chairman Calls for Expanding Chip Design Efforts in Mainland China.
TSMC: Design in Mainland China, Manufacture in Taiwan
Chairman of Taiwan Semiconductor Manufacturing Co. has suggested during a briefing that development of various chips should be transferred to mainland China from
November 04, 2008
China Wind Ramps to Meet Gearbox Shortfall
$15 million expansion expected to help rolled-ring maker pursue $8.59 billion wind parts market in China.
Wuxi, China-based China Wind Systems (OTC:CWSI) plans to start production this month at its new manufacturing facility that is expected to more than quadruple its output of components for wind turbines.
November 03, 2008
Research and Markets: Manufacturing Industry in APAC Report Forecasts the IT Spending of the Manufacturing Industry in APAC over the Period 2007-2010
DUBLIN, Ireland, Oct 31, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/bfcf37/manufacturing_indu) has announced the addition of the "Manufacturing Industry in APAC - IT Market Assessment" report to their offering.
October 31, 2008
CSC mulls new delivery center in Tianjin
Oct. 31, 2008 (China Knowledge) - U.S.-based Computer Sciences Corporation (CSC), one of the world's largest IT outsourcing companies, announced that it will build a new delivery center in north China's Tianjin Municipality.
October 30, 2008
eSilicon Accelerates Expansion in Europe
Company Extends Leadership Position in European Fabless ASIC Market
SUNNYVALE, CA, Oct 28, 2008 (MARKET WIRE via COMTEX) -- eSilicon Corporation, a pioneering semiconductor value chain producer (VCP), today announced several steps that it is taking to extend its position as the leading fabless ASIC supplier in Europe.
October 29, 2008
IT Outsourcing Giant to Set Up New Center
US software outsourcing company CSC, one of the world's largest IT outsourcing firms, said yesterday it will launch a new delivery center in China as the global financial crisis may force more Western companies to outsource their business to the country.
October 28, 2008
Falling prices give China chances to buy copper mines
Chinese firms are looking to acquire copper mines on falling prices
Falling copper prices are providing opportunities for cash-rich Chinese firms to buy overseas resources, a senior executive at China Nonferrous Metal Mining said on Monday.
October 27, 2008
Outsourcing Association to be Founded in Central and Eastern Europe
Outsourcing Associated bodies and Branch Associations from the Baltics, Ukraine, Hungary, Bulgaria and Romania consolidate their resources and established Central and Eastern European Outsourcing Association (CEEOA) with the purpose to promote CEE region as competitive alternative to other Global offshoring destinations, and to increase services delivery quality and volumes under recognized standards.
October 24, 2008
China steel growth set to stall
There will be little growth in Chinese steel production this year, the head of a steel industry group said on Thursday, in a further sign that the global economic crisis is hurting the Chinese economy. Expectations had been for a 5-10 per cent rise.
October 23, 2008
Global Pharmaceutical Contract Manufacturing Market To Reach Over $31B By 2012 According To A New Report By Global Industry Analysts, Inc.
Global pharma industry faces numerous challenges in the form of increasing competition in generic markets, rising cost of new product development, declining research and development (R&D) productivity, shrinking average patent life, and mounting governmental pressure to reduce drug prices. Given the backdrop of such a competitive landscape, the decisive factors for growth and sustainability are faster new drug development and cost containment with Pharmaceutical Contract Manufacturing (PCM) emerging as a strategic option offering several advantages.
October 22, 2008
News Focus: Weakening ringgit a saving grace for exporters
THE United States is expected to reduce its imports from Malaysia as the economy slows in the next few months.
October 21, 2008
We Need the Whole Truth About Closures
BEIJING, Oct. 20 -- It appears to have come faster than people had thought. When economists are still undecided in measuring the impact of the financial crisis on the real economy, there have been collapses of some major manufacturers in China due allegedly to the declining demand.
October 20, 2008
Reversing Boeing's trend to outsource?
WOULD BOEING consider unwinding some of the outsourcing of production work it has turned over to outside vendors and subcontractors on its commercial jets? Doesn't look like it at the moment, considering the company has been willing to stop production and take a strike of at least a month rather than concede ground on the issue.
October 17, 2008
Spansion, ASE ink JV deal on China facility
Spansion Inc. and packaging and test company Advanced Semiconductor Engineering Inc. (ASE) have signed a memorandum of understanding (MOU) to establish a joint venture to jointly own the Spansion Suzhou, China final manufacturing facility. Specific terms of the non-binding MOU were not disclosed.
October 16, 2008
China bailouts distressed US, Europe: bank, finance, outsourcing, trade, jobs, politics
Is rising China or India trying to bailout the dying US and European economy and finance? Watch out on the Chinese century vs global politics, trade, leadership, finance, and jobs! What is behind China's global empire dream? Explore vast finance, outsourcing, investment, stock market, and trade opportunities from China from leading Chinese strategist George Zhibin Gu.
October 15, 2008
Lean economics yesterday, today and tomorrow
In the early 20th century, Henry Ford’s invention of the assembly line revolutionised the manufacturing system. That’s where the idea behind lean manufacturing, followed by a large number of companies worldwide, originated. But what Ford was trying to create was something more than a manufacturing system. He understood economics and lean, and was aiming at creating “real wealth” by focusing on the improvement of the community — something most companies have failed to do. A review of Henry Ford’s ideas.
October 14, 2008
Chinese steel prices plummet amid global turmoil:
Steel prices in China recorded their largest weekly decline in eight years last week as the global financial crisis bit into the domestic industry, state media reported on Monday.
October 13, 2008
Shock cutback in China steel mills
WA’s mining industry has been left reeling by plans of forced production cutbacks by China’s biggest steel mills.
October 10, 2008
Iron ore, steel prices may fall further
China's Ministry of Commerce on Thursday said the prices of iron ore and steel products have further room for slide following recent retreat.
October 09, 2008
CBC Cuts Interest Rate Along With the World`s Major Central Banks
Taipei, Oct. 9, 2008 (CENS)--In tandem with the move of the world`s major central banks, the Central Bank of China (CBC) announced today (Oct. 9) to cut Taiwan`s policy interest rates by 0.25 of a percentage point, effectively immediately.
October 08, 2008
Chinese steelmakers set to slash output
Several of China’s largest steelmakers are expected to cut output by about 20 per cent this month in a bid to support falling steel prices at a?time?of weakening demand.
October 07, 2008
Beyond Beijing: China Software Outsourcing in the Yangtze Region of Jiangsu Province
China is rapidly becoming one of the major new outsourcing destinations for software development by international technology enterprises. But there is more to China’s offshore attraction than just Beijing, Dalian and Shanghai, reflecting a growing interest in other areas.
October 06, 2008
Will China suffer in the wake of the Olympics?
Now that the Beijing Olympic Games are over what will happen to China's booming economy? Will it continue to enjoy its position as the world's emerging manufacturing powerhouse? Or will rising inflation, a growing green consciousness in the west and a slowing global economy have its impact on China as the primary location for outsourced manufacturing?
October 03, 2008
Big Pharma Ranks China as Number One Destination in Asia for Pharmaceutical Outsourcing, Finds New PricewaterhouseCoopers Report
Asia Rivaling United States as a Leading Source of Drug Discoveries and High-End Innovation
October 02, 2008
Taiwanese Enterprises to Tap China`s Domestic Market With Collective Strength
Taipei, Sept. 30, 2008 (CENS)--A Taiwanese businesspeople association headquartered in Tongguan of Guangdong Province recently worked out a plan to tap mainland China`s domestic market through collective strength in hope of helping Taiwanese manufacturers fight recessions.
October 01, 2008
India's IT sector eyes opportunities amid global turmoil
NEW DELHI (AFP) — India's flagship outsourcing industry expects some pain from the latest global financial turmoil but insists it could emerge a winner with companies shifting more work to the country.
September 30, 2008
CMC`s New Mitsubishi SUV to Be Built in Vietnam, Mainland China
Taipei, Sept. 26, 2008 (CENS)--China Motor Corp. (CMC), the assembler of Mitsubishis and Chryslers in Taiwan, recently launched the locally made SUV, the Mitsubishi Super Zinger.
September 29, 2008
Coastal city set to drive next wave of economic growth
Coastal city Tianjin, one of the nation's four municipalities, has 600 years of history and an exciting role to play in China's opening-up.
September 26, 2008
China Ends Anti-dumping Taxes on Imported Steel Plates
Taipei, Sept. 25, 2008 (CENS)--Mainland China will end imposing anti-dumping taxes on imported cold-rolled steel plates from Taiwan, South Korea, Russia, Ukraine, and Kazakhstan effective Sept. 23, according to an announcement issued by its Ministry of Commerce.
September 25, 2008
An Analysis of the Chinese Software Industry and Its World Class Low Cost Manufacturing - Examine Future Trends, Potential Opportunities & Key Players
(http://www.researchandmarkets.com/research/dd2ff0/china_software_w) has announced the addition of the "China Software - World Class Low Cost Manufacturing" report to their offering.
September 24, 2008
Why We Picked China For IT Outsourcing
The decision to outsource product development to China pays off for NeatReceipts.
After several years of strong sales, a growing worldwide customer base, and increasing competition, NeatReceipts reached a crossroads in 2007: Should we continue product development efforts in-house in the United States, or outsource some of these efforts?
September 23, 2008
Mound House machine shop bores into specialty manufacturing niche
"We go through a million pounds of metal a year," says company owner Gerd G. Poppinga. His son, Gerd E. Poppinga, director of operations, tells how the company needed 12 flatbed trailers to move Vineburg's massive milling machines from Sonoma five years back.
September 22, 2008
China’s Steel Industry Cuts Production for Survival
TAIPEI—The recent slowdown of economic growth in mainland China has resulted in reduced prices for steel.
September 19, 2008
Is Outsourcing to China Over?
A growing number of American manufacturers seem to be profiting from an anti-outsourcing backlash.
September 18, 2008
China's steel association opposes ore price increases(Xinhua)
Updated: 2008-09-17 23:06 Comments(0) PrintMailChina Iron and Steel Association (CISA) wrote a letter to Brazil-based Companhia Vale do Rio Doce (CVRD) on Tuesday, asking the world's leading iron ore producer to give up its attempt to raise prices.
September 17, 2008
Multi-National Companies Embracing Learning Services Outsourcing, Says Everest
Strategic Impact, Cost Reduction Are Key Market Drivers
DALLAS, Sep 16, 2008 (BUSINESS WIRE) -- Although labor cost savings is a factor, companies -- particularly large, multi-national firms -- are outsourcing employee training to retain focus on strategy and achieve tangible business outcomes, according to a new Everest Research Institute study.
September 16, 2008
Offshore software outsourcing. why China and why now?
While many of Britain’s software organisations may now be grappling with concerns over a cooling economic climate, rising operational costs and ongoing skills resourcing pinch-points, the moment may present a great opportunity for China’s emerging software development outsourcing industry to make its presence felt.
September 15, 2008
Ireland not immune to Dell’s worldwide restructuring
Michael Dell has made it clear that everything is on the table as Dell moves to cut costs. There are obvious threats to the Irish operation, writes Gavin Daly.
September 12, 2008
Vale's Demands Encourage China's Scattered Steel Industry Consolidation
Shortly after the dragged-on 2008 negotiation for long-term iron ore supply contracts concluded, Brazil-based Vale, the world’s largest iron ore supplier, seeing it had been out-bargained in the China market by its vast Australian competitors BHP Billiton and Rio Tinto, is doing its best to raise its present contracted iron ore price for Chinese and other Asian steel makers in 2008 by as high as 20%.
September 11, 2008
Oil and gas prices: Will sourcing come closer to home?
Anyone who pays to run anything on gasoline, diesel fuel, kerosene or other petroleum-based products knows that the price of oil has skyrocketed in the past year. While it may have slipped from its brutal peak above $140 a barrel in July to hover around $120 a barrel a month later, who knows where it's going to go next?
September 10, 2008
Taiwan, Mainland China to Expand Oil-exploration in Australia, Africa
Taipei, Sept. 10, 2008 (CENS)--CPC Corporation, Taiwan is negotiating with China National Offshore Oil Corporation (CNOOC), China`s third-largest oil company, to expand oil exploration from Taiwan Strait to East China Sea.
September 09, 2008
Dell may need to outsource PC making
This will enable it to focus on sales and marketing
THE cyclical nature of the personal computer (PC) industry may force Dell Inc to come up with a new business model to engage contract manufacturers to produce its PCs, while it focuses on sales and marketing activities.
September 08, 2008
CPDC Suspends Investment in Coal-chemical Plant in Mainland China
Taipei, Sept. 3, 2008 (CENS)--China Petrochemical Development Corp. (CPDC) has recently resolved to suspend investment of 4.5 billion renminbi, or NT$20 billion in establishing a coal-chemical plant in mainland China.
September 05, 2008
The Global Outsourcing 100™ Adds Outsourcing Advisor List and Expanded Reports
Poughkeepsie, NY (OPENPRESS) September 5, 2008 -- With increased competition and closer outsourcing scrutiny, The Global Outsourcing 100™ will enhance its annual service provider ranking with new advisor rankings and expanded analysis.
September 04, 2008
How to outsource yourself
It may be news to the thousands of Wall Streeters being laid off these days, but jobs in the finance industry are actually plentiful. In Brazil.
September 03, 2008
Aricom to supply ilmenite to titanium sponge venture in China
Anglo-Russian miner Aricom will supply 50,000t of ilmenite, or about a sixth of its annual output of the raw material, to its titanium sponge venture in China, a company official said.
September 02, 2008
Manufacturing, tech jobs slipping away from Springs
At the end of 2000, the manufacturing and technology industries in Colorado Springs were booming, local incomes had nearly reached the national average and Intel Corp. had announced plans to open a semiconductor manufacturing plant here.
September 01, 2008
Chinese Vice Premier Agrees to Consider Cross-Strait Common Market Scheme
Taipei, Aug. 29, 2008 (CENS)--China`s Vice Premier Wang Qishan agreed yesterday (Aug. 28) to consider the proposal of Taiwanese businessmen establishing cross-Taiwan Strait common market to facilitate cross-Strait exchanges in fund, manpower, and goods.
August 29, 2008
China’s Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co. Ltd.
It's got a five year plan to help China retain control of the global supply of rare earths.
FARMINGTON HILLS, Mich. (ResourceInvestor.com) -- Chances are very good that you’ve never heard of” Inner Mongolia Baotou Steel Rare-Earth Hi-Tech Co Ltd” (600111.SS). Nonetheless that mouthful is the official name in English of a Chinese company that is today one of the world’s largest producers of rare earths in the nation, China. It’s essentially the world’s only miner of rare earths.
August 28, 2008
LCD manufacturers tune in to outsourcing
More Asian LCD-TV producers are looking at using contracted manufacturers, research claims
August 27, 2008
An Industry Analysis of the Chinese Gas Compressor Manufacturing Industry: Examine the Competitive Landscape, Key Companies and Forecasts
DUBLIN, Ireland, Aug 26, 2008 (BUSINESS WIRE) -- Research and Markets ( http://www.researchandmarkets.com/research/587b18/china_gas_compress) has announced the addition of the "China Gas Compressor Manufacturing Industry Report, 2008" report to their offering.
August 26, 2008
BearingPoint Helps China-Singapore Su Zhou Industry Park (CSSIP) Develop Outsourcing Strategy
MCLEAN, Va.--(BUSINESS WIRE)--BearingPoint, Inc. (NYSE:BE), one of the world’s largest management and technology consulting firms, announced today that it has completed a comprehensive outsourcing strategic plan for China-Singapore Su Zhou Industry Park (CSSIP), a cooperative program jointly established in 1994 by the governments of China and Singapore.
August 25, 2008
Gov`t to Cut Tariff Rate on Diesel Imports to 0%
Taipei, Aug. 22, 2008 (CENS)--To stabilize the domestic economy, the government here has decided to lower the tariff rate on imported diesel to 0% from the current 5%.
August 22, 2008
More TV makers will outsource to EMS providers and ODMs
Increased outsourcing by major television OEMs may result in tighter electronics manufacturing capacity
August 21, 2008
China's Still Gold
A new China began to emerge towards the end of last year. After more than two decades of fairly predictable performance the China the business world knew so well disappeared. Foreign businesses were baffled and shocked by economic changes and governmental regulations. Around 80,000 factories failed to reopen after the Chinese New Year holiday last February.
August 20, 2008
The Transforming BPO Landscape
Chennai: The last few years have seen the Indian BPO (business process outsourcing) industry ride the offshore wave to its advantage, both in terms of business as well as employment opportunities.
August 19, 2008
China coal exports threatened by tax rises
China`s coal exports could fall further in September as higher export taxes take effect, pushing up international prices and giving Australian producers a stronger hand in upcoming contract negotiations.
August 18, 2008
Hiwin Begins Mass Production at New Plant in Taichung
Taipei, Aug. 14, 2008 (CENS)--Hiwin Technologies Corp., one of Taiwan`s leading manufacturers of precision linear-motion components, recently began mass production at its new plant in the Taichung Precision Machinery and Technology Innovation Industrial Park.
August 15, 2008
Call to Focus on Knowledge-Based Economy
No one can deny that China's economic success story in the past three decades has largely relied on its manufacturing clout. The country has been churning out Made-in-China products every day and exporting them to every corner of the world.
August 14, 2008
Olympics Limit China Iron Ore, Coal Output in July
SHANGHAI: Iron ore production in China dropped 22 per cent to 63.74 million tonnes in July from a month earlier while raw coal output fell almost 8 per cent month on month due to strict controls on explosives in the run-up to the Olympics.
August 13, 2008
CSC Saw Revenue Surge 52.5% to New High of NT$25.996 B. in July
Taipei, August 12, 2008 (CENS)--China Steel Corporation (CSC), Taiwan`s largest integrated producer of steel products, scored NT$25.996 billion (US$838.58 million at US$1:NT$31) in sales in July, up 52.52% from NT$17.046 billion (US$549.87 million) posted a year earlier and hitting a new high for three months in a row.
August 12, 2008
Price Plunge of Industrial Materials Catch Suppliers Off-Guard
Taipei, Aug. 11, 2008 (CENS)--Along with the downturn of the international market, domestic industrial-material prices are taking a plunge, reversing the businesses of domestic industrial-material suppliers.
August 11, 2008
OUTSOURCING NOT CAUSE FOR BANK JOB CUTS IN EUROPE: REPORT
Offshoring to low-cost places like India may have been perceived as the key reason for job losses in the western world, but it is mostly internal restructuring that is behind the falling employment rate at European banks, a new report has said.
August 08, 2008
Steel & mine ministries lock horns over 15% export duty on iron ore Economy Bureau
The vexed issue of 15 % export duty on iron ore exports saw the secretary of ministry of mines and the secretary of ministry of steel meet to deliberate the issue on Thursday, but failing to reach any concrete decision.
August 07, 2008
AMD may outsource chip manufacturing to dig itself out of a hole
For more than a year, AMD has been hatching a strategy to remake the cash-strapped company to better compete with giant Intel.
August 06, 2008
Upmarket Ettinger Moves to Outsource
Ettinger, maker of leather wallets and hip flasks for the Prince of Wales, is to switch some of its production overseas after three-quarters of a century of UK-based manufacturing, due to rising labour costs and an expected shortage of skilled craftspeople.
August 05, 2008
Cost hikes cut into iron and steel company profits - (Xinhua)
Costs for China's large and medium-size iron and steel manufacturers rose by more than 250 billion yuan ($36.5 billion), or 57.57 percent, in the first half, according to the China Iron and Steel Association (CISA).
August 04, 2008
Chinese Multinationals, Finance, Outsourcing, Travel, Politics, and Trade vs Challenges and Conflicts Under Globalization
By Financial Sense
JIM PUPLAVA: My guest this week is George Zhibin Gu, author of two new books :
1. China's global reach ; markets, multinationals, and globalization;
2. China and the new world order : how entrepreneurship, globalization and borderless business are reshaping China and the world.
August 01, 2008
Evraz in Australian iron ore venture with China MCC
Evraz, MCC join forces in Pilbara
Evraz Group, the steel maker part-owned by Russian billionaire Roman Abramovich, has formed a joint venture with China Metallurgical Group Corp (MCC) to develop the Cape Lambert iron ore project in Australia.
July 31, 2008
Report: China’s Domestic Chip Market Booms
EL SEGUNDO, CA – Although China’s semiconductor purchasing boom is cooling down, the nation’s demand for locally designed chips is heating up, with domestic consumption expected to rise by more than 60% from 2007 to 2012, according to iSuppli Corp.
July 30, 2008
Airbus eyes Dubai as manufacturing base
Hamburg: Airbus, the European aircraft manufacturer, on Monday revealed its interest to shift some of the aircraft manufacturing operations to Dubai through Dubai Aerospace Enterprise (DAE), according to senior executives.
July 29, 2008
MANAGING FOR SUCCESS
Conventional wisdom says a U.S. maker that sells abroad must outsource their manufacturing in China or elsewhere to compete on price. But Nordson Corp. (NDSN) is churning up sales by turning set wisdom on its head.
July 28, 2008
Lite-On to Mass Produce Energy-saving Bulbs in China, Indonesia
Taipei, July 25, 2008 (CENS)--After venturing into production of energy-saving bulbs, Lite-On Information Technology Corp., a large-sized supplier of disc drives in Taiwan, has sent its bulbs for certifications by its clients such as Philips, and is scheduled to start mass production of such bulbs at its China and Indonesia plants this September and next July, respectively, according to company sources.
July 25, 2008
TEEMA: E-product Certification Platform Needed for Taiwan and China
Taipei, July 23, 2008 (CENS)-- Arthur Chiao, chairman of Taiwan Electrical and Electronics Manufacturers` Association (TEEMA), recently appealed to Taiwan`s MOEA for formation of an integrated platform for electronics products certification to be mutually recognized by Taiwan and China.
July 24, 2008
Outsourcing is harder to manage than you may think
Modern-day outsourcing is more akin to a spider's web of intricate and overlapping relationships than simply a single function or solution that has been shunted overseas, new research has suggested.
July 23, 2008
China`s Domestic Sales of IT Products to Grow 20% This Year
Taipei, July 22, 2008 (CENS)--Despite an economic slowdown, domestic sales of IT (information technology) products in China are very likely to sustain a robust growth of 20% this year, far higher than 10% estimated in most countries of the world, according to Matthew Miau, chairman of Taiwan`s Mitac-Synnex Group.
July 22, 2008
Hon Hai Plans to Set UP a Transshipment Center in Kaohsiung
Taipei, July 21, 2008 (CENS)--Following its plan to set up operations in the Kaohsiung Software Park, Hon Hai Group has planned to establish a transshipment center for its Asian operation in Kaohsiung Harbor, which may further develop into the group`s global logistics and operation center in the future.
July 21, 2008
China increasing sophistication of exports
NEWARK -- Twenty years ago, China was known for making toys, shoes and clothing.
July 18, 2008
Invitation to re-colonize – Is Ghana for sale?
In a report published on Ghanaweb on 14th July 2008 (“NPP has "poverty of vision” – CPP”, 14th July 2008)), Dr. Nii Moi Thompson is reported to have lamented about the state of our nation rather elegantly and appositely thus: “...our national football team never entrusted to a Ghanaian, our water is in the hands of the Dutch, our roads are built by the Chinese, Presidential Palace built by Indians, waste by the Belgians, and our Telecom sector is now earmarked for an Anglo-American company.”
July 17, 2008
Cabinet to Raise Chinese Investment Ceiling Tomorrow
Taipei, July 16, 2008 (CENS)--The Executive Yuan (the Cabinet) is scheduled to pass relaxation measures for investments by domestic enterprises in China at its regular meeting tomorrow (July 17), raising the investment ceiling to 60% of their book values, up from 40% now, and scrapping the ceiling altogether for those enterprises with headquarters in Taiwan, said Shih Yen-shiang, vice economics minister, yesterday (June 15).
July 16, 2008
US, China Sign Energy, Environment Accord
Both countries pledge to launch talks on investment, financial services
WASHINGTON, DC – 07/11/08 – The US and China have signed a framework for an agreement to define cooperation on energy and environmental issues and will soon launch negotiations to reach a comprehensive investment and financial services treaty.
July 15, 2008
China Issues 2.39 mn Tonnes Coke Export Quotas
SHANGHAI: China has issued a second batch of export quotas, bringing total quotas for the year to a level just below last year's amount, but tight domestic supplies could lead to higher export tariffs and further increases in the export price.
July 14, 2008
Sinosteel Raises Stake in Midwest
China imports iron ore for steel making from miners such as BHP Billiton
A Chinese state owned steel trading firm has snapped up a controlling stake in iron ore miner Midwest.
July 11, 2008
An Ironclad Chinese Victory Down Under
Hong Kong - A combination of Australia's Murchison Metals and Midwest Corp. always looked attractive. Now that Sinosteel has beaten Murchison to their shared target, taking a controlling stake in Midwest, the Chinese metals company is likely to turn its full attentions to acquiring its erstwhile rival as well.
July 10, 2008
Contract Manufacturing Market Changing Shape
08-Jul-2008 - The contract manufacturing sector is likely to enjoy "continued and accelerating growth" in the coming years as big pharma companies continue to increase the level of outsourcing, with firms now viewing outsourcing as the default approach for making new products.
July 09, 2008
MOEA Plans to Raise Chinese Investment Ceiling to 50% of Book Value
Taipei, July 8, 2008 (CENS)--The Ministry of Economic Affairs (MOEA) has preliminarily decided to raise the ceiling for investments by Taiwanese enterprises in China to a uniform 50% of their book values.
July 08, 2008
$200 Oil + Inflation Threaten China's Economy, Too--And Should Help American Manufacturing
Common wisdom is that China and other Asian giants will inevitably supplant their Western rivals as the world's economic superpowers. But with oil shooting towards the $200 mark and inflation hovering above dangerous levels, the Chinese economic model is about to undergo a severe "stress test."
July 07, 2008
Foreigners still find good values in M’sia
FOREIGNERS still see good valuations in Malaysian properties and other assets despite the current political uncertainties.
July 04, 2008
Chinese Steel Mills have reached an Iron Ore Agreement with BHP Billiton Ltd
HONG KONG, July 4 - Chinese steel mills have reached an iron ore agreement with BHP Billiton Ltd/Plc <BHP.AX> <BLT.L> in line with the near-doubling of prices won by rival Rio Tinto Ltd/Plc <RIO.AX> <RIO.L>, Chinese industry sources said.
July 03, 2008
BHP Billiton to Settle Iron Ore Contracts
BHP Billiton, the mining company, is on Thursday expected to agree a record increase in the price of iron ore supplies to its largest Chinese customers, in line with a settlement negotiated last week by rival Rio Tinto.
July 02, 2008
Taiwan`s Export Orders Rise 14.46% to US$31.5 B. in May
Taipei, July 1, 2008(CENS)--The value of export orders received by Taiwan`s manufacturers and traders reached US$31.51 billion in May of this year, an annual growth of 14.46%, according to the statistics released by the Ministry of Economic Affairs (MOEA).
July 01, 2008
All eyes on Hunan,strategic location in China
Due to its strategic location in south-central China as well as its abundance of grain, Hunan province was once a strategic spot for various Chinese military forces in ancient times. Now the province wants to turn itself into a stronghold for businessmen who want to explore new opportunities.
June 30, 2008
Outsourcing to China not so cheap anymore
The China Price used to be the global standard for low-cost manufacturing. It shut thousands of factories across North America, put tens of thousands of Canadians out of work and drove down the price of consumer goods around the world.
June 27, 2008
Fujitsu says China share of sales to triple
BEIJING, June 26 (Reuters) - Japan's electronics group Fujitsu Ltd said on Thursday it is expecting China sales to triple as a portion of its global business within the next five years as its marketing focus shifts.
June 26, 2008
Iron Ore Deal Could Signal Consolidation Ahead for Chinese Steel Mills
SHANGHAI (Interfax-China) -- Baoshan Iron and Steel Group (Baosteel Group), China's largest steel mill and representative of Chinese steelmakers at the annually contracted iron ore price negotiations, has settled on an up to 96.5% increase with Australian iron ore miner Rio Tinto [NYSE:RTP; LSE:RIO; ASX:RIO], according to Baosteel Group.
June 25, 2008
Microsoft Establishes Innovation Center in Nangang, Taiwan
Taipei, June 25, 2008 (CENS)--Microsoft, the world`s largest software developer, recently announced the establishment of a Microsoft Innovation Center at the Nangang Software Park in Taipei to help reinforce Taiwan`s software R&D capability, and spur the development of innovative Internet applications for Taiwan`s information and communication technology (ICT) industry.
June 24, 2008
Manufacturing Downturn Fuels Growth in Offshore Outsourcing
The manufacturing sector is struggling with a slowdown in global spending as well as rocketing fuel and food prices yet offshore outsourcing is alleviating some of the industry’s woes.
June 23, 2008
Chinese Warned of Record Rise in Ore Price
Rio Tinto and BHP Billiton have asked their Chinese steelmaker customers to accept the largest ever increase in iron ore prices or risk the interruption of supplies from Australia.
June 20, 2008
Disney Plans to Outsource Robotic Figures
SANTA ANA, Calif. _ The Walt Disney Co. will begin outsourcing the manufacturing of Audio-Animatronics because of too much demand on staff time, according to an Imagineering memo sent to The Orange County Register.
June 19, 2008
Manufacturers Plan to Outsource More R&D
In collaboration with the Norwegian company StatoilHydro, Siemens is developing the world’s first floating wind turbine. In a departure from the method commonly used so far, instead of securing the windmill to the sea floor with a gigantic pylon, the power plant is to be stabilized by a special flotation buoy equipped with an anchor, reports the research magazine Pictures of the Future.
June 18, 2008
FDA to Outsource Manufacturing Inspections
17-Jun-2008 - The US Food and Drug Administration (FDA) is pushing for Congress to approve the use of more third-party inspectors as the regulatory body attempts to police a complex global supply chain.
June 17, 2008
Pharma Companies, not FDA, Should Monitor Offshore Suppliers
Just last month I wrote about an IMS report that predicted that profit-challenged U.S. pharmaceutical companies would offshore more manufacturing, followed by offshoring of other activities including R&D.
June 16, 2008
AstraZeneca Announces Outsourcing In Two Departments - Testing Services, IT Companies Sign Contracts
AstraZeneca PLC inked two outsourcing contracts this week, including one with a Swedish information technology company that will take on duties at the company's U.S. headquarters in Fairfax.
June 13, 2008
Offshoring: Where are we now?
- Labour news from UNI global union - for trade unions in a global services economy. -
Some say offshoring is taking away many IT jobs from developed economies to emerging countries. Others think the skills shortage coupled with an ageing workforce in Europe and the U.S. force companies to outsource tasks that couldn’t have been performed by local employees anyway.
June 12, 2008
Outsourcing ROI - Key elements and benchmarks for obtaining maximum ROI
June 11, 2008 -- For some, outsourcing is a controversial issue; but for many C-level executives in the manufacturing sector, outsourcing has been a strategic weapon capable of significantly improving operational and financial performance, as well as increasing shareholder value.
June 11, 2008
Environmental Solution for China's Steel Industry
The First Meros Plant for Sinter-Offgas Treatment to Be Built Outside of Europe Anzeige
Siemens Metals Technologies received a contract from the Chinese steel producer Maanshan Iron & Steel Company Ltd. (Masteel) to install the first Meros plant outside Europe. The new facility will be built at the No. 1 Sinter Plant of the company's integrated iron and steel works located in Maanshan, Anhui Province, and will be capable of treating approximately 1,000,000 m3 of sinter-offgas per hour.
June 10, 2008
With Outsourcing Smarts, They Struck It Rich
How billionaires from India and Taiwan saw a need, followed through and hit the jackpot. By Alyson Papalia
Outsourcing and offshoring are two similar concepts that are often lumped together. By definition, the former is to purchase or subcontract from an outside source; the latter, on the other hand, can be done both within and outside a company.
June 09, 2008
Outsourcing billionaires: Making fortunes by meeting demand
Outsourcing and offshoring are two similar concepts that are often lumped together. By definition, the former is to purchase or subcontract from an outside source; the latter, on the other hand, can be done both within and outside a company. These two practices, when combined, make up a phenomenon known as offshore outsourcing, a specialized field that has led seven of Forbes' billionaires directly to their fortunes.
June 06, 2008
Elcoteq Highlights Outsourcing Best Practices for Communications Technology Products at NXTcomm08, Las Vegas
Elcoteq SE, a leading integrated electronics manufacturing services (EMS) company in the communications technology field, highlights best practices for outsourcing communications technology products at NXTcomm08 in Las Vegas, NV on June 16 - 19, 2008 at booth SL8016C in the Broadband Wireless World section. Elcoteq works with companies from product development to after-market services to enable companies to improve cost of ownership and profit in the global communications market.
June 05, 2008
Outsource Work You're Not Good At
Well-managed outsourcing can save you time and money, freeing you up to focus on growing your business. But the process isn't all beer and skittles. Neglect the relationship and it could be more trouble than it's worth.
June 04, 2008
Solar startup Stion slips slightly out of stealth mode
Although it still won't divulge much about its process or materials set, San Jose-based next-gen thin-film photovoltaic startup Stion has come ever-so-slightly out of stealth mode.
June 03, 2008
Pharma Outsourcing on the Rise, Says IMS
The pharmaceutical industry has been slower than other sectors to adopt outsourcing, largely due to concerns over protecting valuable intellectual property. But rising costs and shrinking margins are leading more pharma companies to do so, says IMS in a recent report.
June 02, 2008
Proceed With Caution
Although the market for outsourcing services, manufacturing and labor is shifting due to the fall of the U.S. dollar, increased international competition and consumer backlash, the urge to send work overseas is strong as ever.
May 30, 2008
Korea Needs an Economic Framework With China
From competitive relations to strategic partnership
The Korea-China summit has provided momentum for Korea to set up a new economic cooperation framework with China, the world’s second largest economy, which is mutually beneficial for growth.
May 29, 2008
China's retail sales of consumer goods up 22% in April
China's retail sales of consumer goods in April rose 22.0 percent year on year to 814.2 billion yuan (about 116billion U.S. dollars), the National Bureau of Statistics (NBS) said on Tuesday.
May 28, 2008
China`s Employment Contract Law Forces Major Shakeout on Taiwan Companies
The implementation of the Employment Contract Law in China on Jan. 1 this year is causing a major shakeout among Taiwanese-invested enterprises there. The 20,000 or so Taiwanese-invested firms operating in the Pearl River Delta area, mostly in traditional labor-intensive lines such as hardware, footwear, toys, and garments, have been especially hard hit.
May 27, 2008
Hon Hai Wins Contract Orders for NB PCs from Dell
Taipei, May 26, 2008 (CENS)--Due to the revamped contract-manufacturing strategy of the world`s third-largest NB PC manufacturer Dell Computer Inc., the world`s top-two electronic manufacturing service providers, including Hon Hai Precision Industry Co. and Flextronics International Corp., recently obtained from Dell orders for consumer NBs, which will start to be delivered sometime in the first quarter of 2009.
May 26, 2008
Local steel firms look to tap into growing demand BY: NAREERAT WIRIYAPONG
Rising global demand and surging prices have put Thailand's steel industry in the spotlight, with executives expecting prices to remain high until at least the third quarter of this year.
May 23, 2008
Texas Instruments to Have 45nm Chips Made at Foundries
Taipei, May 21, 2008 (CENS)--When Texas Instruments (TI) recently announced its plan to have its 45nm base-band chips and digital signal chips made at two silicon foundries next quarter, industry watchers believed Taiwan Semiconductor Manufacturing Co. (TSMC) and United Microelectronics Corp. (UMC) would be the choice partners.
May 22, 2008
CSC to Raise Wholesale Steel Prices by 10% in Q3
Taipei, May 21, 2008 (CENS)--China Steel Corporation (CSC), Taiwan`s largest integrated steel mill, plans to raise wholesale prices by 10%, or US$100 per metric ton, for products to be shipped in the third quarter of this year.
May 21, 2008
Concern Grows Over Local Steel Shortage
Concern is mounting about a possible steel shortage as demand rises in anticipation of work starting on government megaprojects. As well, global demand would be pushed up by reconstruction following the earthquake in China and the cyclone in Burma.
May 20, 2008
Taiwan-based Banks Ready to Tap Market in China
Taipei, May 19, 2008 (CENS)--With Fubon Financial Holding Co. approved to purchase a stake in Xiamen City Commercial Bank (XCCB), an array of Taiwan-based domestic banks are ready to follow suit to venture into the China market.
May 19, 2008
China Urges Rio Tinto Iron Ore Boycott
Rio Tinto is confident it will conclude its annual contract negotiations with Chinese steelmakers by the end of next month, despite calls by the country's industry association to boycott the company's spot sales of iron ore.
May 16, 2008
MediaTek Achieves Major Feat in China`s TD-SCDMA Market
Taipei, May 13, 2008 (CENS)--In collaboration with telecom-equipment supplier Datang Telecom Technology Co. of China, MediaTek Inc., Taiwan`s No.1 fabless house by revenue, has won up to 60% of telecom carrier China Mobile`s contracts for TD-SCDMA mobile phone chips.
May 15, 2008
Market Report: Chinese whispers help BHP to hit new high - By Nikhil Kumar
The speculation focused on BHP's proposed takeover of Rio Tinto and suggested that a Chinese entity bent on interposing itself between the two miners was seeking to acquire a stake in the company.
May 14, 2008
SSTTAC Issues Report on Growth of Chinese Stainless Steel Pipe Industry
WASHINGTON, May 14 /PRNewswire-USNewswire/ -- The Seamless Stainless
Tube Trade Action Committee (SSTTAC) today released a report titled
"Rigging the Game: A Report on Chinese Government Subsidies to Seamless
Stainless Steel Tubing Producers."
May 13, 2008
Dell to close Texas plant, outsource more manufacturing to EMS firms
By David Hannon -- Purchasing, 5/8/2008
PC maker Dell said in April it will close one of its two Austin, Texas manufacturing plants and plans to outsource more manufacturing to contract manufacturers in low-cost regions as part of a broader $3 billion cost-reduction plan.
May 12, 2008
U.S. Will Continue Deepening Economic Ties With Taiwan: AIT Director
Taipei, May 9, 2008 (CENS)--Stephen M. Young, AIT (American Institute in Taiwan) director, pointed out yesterday (May 8) that the U.S. government will continue deepening the U.S.-Taiwan economic ties via talks for various bilateral economic and trade agreements after Taiwan`s new government swears into office, ruling out, however, the possibility for the signing of a free trade agreement (FTA) for the time being.
May 09, 2008
Chinese domestic iron ore prices decline in April
According to the inspection of the Ministry of Commerce of China, because the growth rate of spot iron ore price in domestic marker was high before and the profit in iron ore mine exploitation increased, which boosted rapid rise of iron ore supply, domestic iron pre price declined in April 2008.
May 08, 2008
EU Probes Chinese, Turkish Wire Rod, Widening Steel-Duty Threat
May 8 (Bloomberg) -- The European Union threatened to tax wire rod from China, Turkey and Moldova to help EU producers such as Corus Group compete against cheaper imports, opening the fourth probe that targets Chinese steel in five months.
May 07, 2008
Rio Tinto shares trade at record discount to BHPB bid price
Rio Tinto`s shares in the UK and Australia are 6.9% below the all-stock offer Rio Tinto Group shares are trading at their biggest discount to BHP Billiton hostile US$162 billion takeover bid, signaling concern among investors that the offer will fail.
May 06, 2008
FORGING
Process: Forging is a metal forming process used to produce large quantities of identical parts, as in the manufacture of automobiles, and to improve the mechanical properties of the metal being forged, as in aerospace parts or military equipment.
May 05, 2008
Taiwan`s Exports to China Surge Over 20% in First 2 Months
Taipei, April 30, 2008 (CENS)--Taiwan`s two-way trade with China reached US$16.24 billion in the first two months of this year, a sharp rise of 18.9% from the corresponding figure of last year, according to the statistics released by the Bureau of Foreign Trade (BOFT) under the Ministry of Economic Affairs (MOEA).
May 02, 2008
CSC to Raise Steel Prices by 20% in Q3
Taipei, April 30, 2008 (CENS)--Forced by price hikes in raw materials as coal internationally, China Steel Corporation (CSC), Taiwan`s largest integrated steel mill, is considering raising product prices by 20% on products to be delivered in the third quarter of this year to offset the increase in production costs.
May 01, 2008
Co-extrusion Machines, Plastic Blow Molding Machines
Founded in 1979 in Taiwan`s southern county of Tainan, Jih Huang Machinery Industry Co., Ltd. has been one of the most seasoned makers of extrusion machines, plastic blow molding machines and rubber injection molding machines, and has earned great reputations at home and abroad.
April 30, 2008
Samsung to outsource some work to China's TCL
SEOUL, April 29 (Reuters) - Samsung Electronics Co Ltd (005930.KS: Quote, Profile, Research), the world's top maker of liquid crystal display (LCD) panels, said on Tuesday it would outsource the assembly of some modules to Chinese television maker TCL Corp 000100.SZ.
April 29, 2008
Asia`s PC Segment Unfazed by U.S. Slowdown in Q1: IDC
Taipei, April 28, 2008 (CENS)--The Asia/Pacific, excluding Japan region (APEJ), personal computer (PC) market grew 19% from a year earlier to 17 million units in the first quarter of 2008, 2% higher than originally forecasted and with portable PCs being the major contributor, according to IDC, the premier global provider of market intelligence.
April 28, 2008
Yunnan Luoping Zinc cuts two thirds capacity on power shortages
It is reported that Yunnan Luoping Zinc & Electricity Co a Chinese producer of the metal has cut two thirds of its capacity because of a lack of power.
April 25, 2008
Strike, talks continue at Chile miner Codelco
The strike at Codelco`s Salvador and Adina continues for an eighth day while talks proceed
A strike paralyzed operations at two copper divisions owned by Chile`s Codelco for an eighth day on April 22, but the mine`s minister said the sides were progressing toward a deal to end at times violent protests.
April 24, 2008
Uni-President Scores Record Profits of 424 M. RMB in China in 2007
Taipei, April 23, 2008 (CENS)--Thanks to rapid growth in China`s beverage market, Uni-President China Holdings Co. witnessed a whopping rise of 190% in profits last year, which hit a record high of 424 million renminbi (RMB or Chinese yuan), equivalent to about NT$19.08 billion or US$59.63 million.
April 23, 2008
Machine-tool Firms See Orders Fully Packed
Taipei, April 22, 2008 (CENS)--Thanks to the influx of orders, Taiwan`s leading manufacturers of machine tools, including Awea Mechantronic Co., Tongtai Machine & Tool Co., Goodway Machine Corp., and Roundtop Machinery Co., will enjoy outstanding performance in sales in the second quarter of this year.
April 22, 2008
China: A Giant Rises
We are living through history in the making: the rapid industrialization of China and the deindustrialization of the English-speaking world.
April 21, 2008
Taiwanese Firms Switch Operations to Northern Vietnam From Mainland China
Taipei, April 18, 2008 (CENS)--To ease the impact of skyrocketed production costs in mainland China, Taiwanese firms operating there, including those form the electronics and conventional industries, are rushing to move operations to northern Vietnam.
April 18, 2008
China Steel Raises Steel Prices by 18% in Domestic Market in Q2, 2008
Skyrocketing prices of iron ore and coal have moved China Steel Corp., Taiwan`s leading upstream supplier of steel products, to raise its steel prices of by an average of NT4,200 per metric ton, for a record hike of 18%, in Taiwan in the second quarter of this year.
April 17, 2008
Fu Yu Shan Machine Works Co., Ltd.-- Extrusion Machines
Fu Yu Shan Machine Works Co., Ltd., established 30 years ago, specializes in the development and production of various kinds of plastic extrusion and injection-molding machines.
April 16, 2008
Compal Ups Production Capacity in Kunshan of Mainland China
Taipei, April 15, 2008 (CENS)--Compal Electronics Corp., one of Taiwan`s leading manufacturers of notebook computers (NBs), will expand production capacity at its fourth plant in Kunshan of Jiangsu Province, mainland China.
April 15, 2008
Lite-On, Synnex to Set Up Regional Headquarters in Guangzhou, Southern China
Taipei, April 14, 2008 (CENS)--Despite the rising costs of raw materials and labor in China, two Taiwan-based large-sized companies in the electronics sector, namely Lite-On Group and Synnex Technology International Corp., have reportedly promised China`s Guangzhou City government to set up their regional headquarters there in the future, according to industry sources.
April 14, 2008
Chinese Regulator Expands Access to the Chinese Market by Taiwanese Banks
Taipei, April 11, 2008 (CENS)--The China Banking Regulatory Commission (CBRC) announced yesterday (April 10) allowing institutions set up by Taiwanese banks in a third place to initiate business in China, in addition to permitting banks in Hong Kong and Macao set up or bought out by Taiwanese banks to establish Chinese branches directly, rather than just buying into Chinese banks according to the original regulation.
April 11, 2008
Mineral Policy Suggests Steps to Boost Exploration
New Delhi, Apr10 The National Mineral Policy (NMP) cleared by the Cabinet two weeks ago suggests steps to push up mineral exploration to boost availability, while sidestepping the issue of capping export of minerals like iron ore and conserve it within the country.
April 10, 2008
Chinese Whispers Give BHP Extra Ammo
What to make of reports yesterday that China is preparing a raid on BHP in a bid to thwart its proposed hostile takeover of Rio Tinto just as Kevin Rudd touches down in Beijing?
April 09, 2008
BHP Rises After Report China Will Buy Stake
BHP Billiton, the world's biggest mining company, rose to the highest in almost four months in New York trading after a newspaper report that China will buy a stake.
April 08, 2008
Trade to surge on coal deal - By David Uren and Andrew Trounson
Coal prices expected to triple BHP close to a deal with South Korea Standoff with China as negotiations continue
April 07, 2008
CBC Issues Over NT$4 Trillion in NCDs to Curb Inflation
Taipei, April 2, 2008 (CENS)--In a bid to mop up hot money-induced excessive liquidity on the market and alleviate inflationary pressure, the Central Bank of China (CBC) has issued massive amount of negotiable certificates of deposits (NCDs), with its outstanding amount having broken the NT$4 trillion mark, inflicting heavy interest burden on the CBC.
April 04, 2008
How To Work with China and PYA -- Protect Your Assets
The biggest error companies make is that with familiarity comes a false sense of security.
April 03, 2008
Mainland China Launches TD-SCDMA Field Tests Today
Taipei, April 1, 2008 (CENS)--Mainland China begins field tests of its TD-SCDMA (time division synchronization code division multiple access) mobile services in eight major cities today, suggesting the mainland will deploy the third-generation mobile service earlier than expected.
April 02, 2008
The Next Indo-China War - By: Sramana Mitra
The first Indochina war was fought in 1962 over border disputes in the Eastern Himalayan region. The next Indochina war, it seems, will be fought over a dramatically different turf: information technology (IT) outsourcing.
April 01, 2008
Riders on the Storm
Contract logistics, 3PL, 4PL - call it what you will - continues to be a growing business, but it is changing subtly.
So far at least, the sector does not seem to have suffered from any downturn in the wider economy. While hesitating to call any business recession-proof, the sector''s leading players see new opportunities even in the face of a general downturn.
March 31, 2008
China Minmetals Development 2007 - Profit Up 88% on Domestic Demand
BEIJING, March 30 (Xinhua) -- China Minmetals Development Co., a listed subsidiary of the state-owned metal trader China Minmetals Corp., said that its net profits rose 88 percent in 2007, driven by domestic business.
March 28 2008
CBC Adopts Measures to Curb Inflation and NT Appreciation
Taipei, March 28, 2008 (CENS)-To both curb inflation and appreciation of the NT dollar, the Central Bank of China (CBC)`s board of directors adopted various measures on March 27, including raising interest rates by 0.125 of a percentage point; differentiating B deposit reserve account into two sectors accruing different interest rates, one with funds from term deposits and the other from demand deposits; and slashing foreign-currency deposit reserve rate.
March 27, 2008
China investment strategy: Chinese multinationals, consumers, stock market, politics, banking
How to profit from exploding Chinese consumption? Why is China moving ahead fast? Get detailed info on leading Chinese multinationals Haier, TCL, Huawei, China Telecomm, China Mobile, China Oil, Bank of China, Galanz, Shanghai Auto Group, Internet, technology players, and China Construction Bank from a timely book.
March 26, 2008
Symphony Consulting to Host Manufacturing Outsourcing Forum Featuring Presenters from SigmaQuest and Arena Solutions
SUNNYVALE, Calif.--(BUSINESS WIRE)--Symphony Consulting, a manufacturing outsourcing, procurement and supply chain consulting firm, announced today that on April 30, 2008, it will host “Symphony Spring Forum: What OEMs Must Control in Manufacturing Outsourcing.”
March 25, 2008
China in Need of Green Revolution
Don't be fooled by the tranquil facade of the Taihu Lake district. One of the most powerful transformations in China is underway behind its veneer of serenity, showing the way for environmental redemption to private enterprises and the authorities in other industrial districts.
March 24, 2008
Defense outsourcing
Digg Del.icio.us Facebook Fark Google Newsvine Reddit Yahoo Print Reprints Post comment Text size: Your article on Boeing's shocking loss to French manufacturer European Aeronautic Defense and Space Co. in the Air Force's tanker competition ("Fuel tanker deal draws fire," March 9) missed some key information that puts this upset in critical perspective: The Department of Defense has effectively outsourced some 44,000 manufacturing jobs to a foreign company that routinely flouts American institutions and international law.
March 21, 2008
China not curbing spot iron ore imports-steel body
Reuters - Thursday, March 20Chinese steel mills are angry that Australian miners were trying to shift some cargoes into the spot market, where returns still exceed long-term contract prices.
March 20, 2008
Beijing denies iron ore talks meddling - By Andrew Trounson
BEIJING has denied it is interfering in fraught iron ore price negotiations, assuring Canberra that delays to Australian spot imports are not part of any state-backed plan to put pressure on recalcitrant miners BHP Billiton and Rio Tinto.
March 19, 2008
Ability Enterprise Projects to Ship Less Cameras in 2008
Taipei, March 14, 2008 (CENS)--Due to slumping orders from such major client as Samsung Electronics of South Korea, Ability Enterprise Co., one of Taiwan`s contract manufacturers of digital still cameras, has adjusted downward its annual shipment to 15 million units this year from the earlier estimate of 17 million to 18 million units.
March 18, 2008
China Blocks Rio, BHP From Spot Iron Ore Sales, CBI China Says
March 18 (Bloomberg) -- China, the world's largest buyer of iron ore, blocked BHP Billiton Ltd. and Rio Tinto Group from selling the raw material on the spot market to press them to settle contract prices, research company CBI China Co. said.
March 17, 2008
Australia Mine Operator Gets Bid From China
SYDNEY — The Sinosteel Corporation, the Chinese metals giant, made a hostile bid Friday for an Australian iron ore producer, underscoring China’s ambition to secure raw materials to support its economy.
March 14, 2008
Private American Equity Firm May Merge With Taiwan Bank
Taipei, March 13, 2008 (CENS)--It is recently reported that Olympus Capital Holdings, a U.S.-based private equity firm, intends to acquire ChinFon Commercial Bank, a local bank that has been reportedly run without due attention and care given to usually accepted standards of banking as accepted by the international community.
March 13, 2008
Hon Hai Puts Chinese Subsidiaries Under Hong Kong Holding Firm
Taipei, March 12, 2008 (CENS)--In line with change in China`s business-income tax, the board of directors of Hon Hai Group resolved yesterday (March 11) to put all of its Chinese subsidiaries under the auspices of a Hong Kong holding firm, an arrangement which will enable it to save 50% in levy on its Chinese earnings remitted abroad.
March 12, 2008
Central Bank of China (CBC) Admits Threat of Import-Driven Inflation
Taipei, March 10, 2008 (CENS)--The Central Bank of China (CBC) admits the existence of the threat of import-driven inflation on Taiwan`s economy, a situation which may prompt it to further hike interest rates, while adopting a hands-off stance towards appreciation of the NT dollar against the U.S. dollar.
March 11, 2008
INTERVIEW-FerroChina Says Open to Strategic Investor
* plans to produce galvanised steel in Vietnam
* expects zinc prices in China to rise 10 to 20 pct this year
March 10, 2008
China's steel product prices up 25% in February
BEIJING, March 8 (Xinhua) -- Average price of steel products in China surged 25.63 percent year-on-year in February to 5,095 yuan (717 U.S. dollars) per ton, according to Saturday's China Securities Journal, a newspaper run by Xinhua News Agency.
March 07, 2008
The Cabinet Relaxes Restriction on Investment Ceiling in China
Taipei, March 6, 2008 (CENS)--The Executive Yuan (the Cabinet) resolved yesterday (March 5) to relax restrictions on investments by Taiwanese enterprises in China, by allowing a more liberal calculation for the 40% investment ceiling and an extra quota associated with their domestic investments.
March 06, 2008
Foundrymen seek ban of iron ore export to China
COIMBATORE: The foundry industry urged the Centre to impose a ban on iron ore export to China so as to arrest a massive unemployment problem.
March 05, 2008
Amnesty for Unregistered Taiwanese Businesses in China a Boon for OBUs
Taipei, March 3, 2008 (CENS)--The amnesty plan of the Taiwanese government for unregistered Taiwanese-invested firms in China is expected to facilitate borrowing of such firms with offshore-banking units (OBU) of domestic banks, benefiting both parties.
March 04, 2008
Mainland China`s Chip Market Remains Brisk Despite Growth Slowdown
Taipei, March 3, 2008 (CENS)--Mainland China`s chip market grew 18.6% year-over-year, to RMB562.37 billion (US$79 billion at US$1:RMB7.1) last year, remaining the world`s fastest-growing market for semiconductor chips, according to CCIDnet, which tracks the mainland`s information-technology market.
March 03, 2008
China`s Chalco to vie for US$584m of parent`s assets - Chalco targets Chinalco assets
Chalco, will bid for nearly US$600 million worth of equity stakes in six sister firms from state parent Aluminum Corp of China (Chinalco), advancing the consolidation of the firms` sprawling assets, sources at the two companies said.
February 29, 2008
Hero Lighting Corp.--Track lighting, die-cast aluminum lighting fixtures
Founded in 1993, Hero Lighting Corp. has leveraged its considerable R&D capacity to build a solid business in track-lighting manufacturing.
February 28, 2008
MOF Raises Fines for Falsifying Export Declarations
Taipei, Feb. 25, 2008 (CENS)--The Ministry of Finance (MOF) has revised related regulation raising fines for falsifying export declarations by 30-100%, effective immediately.
February 27, 2008
Iron ore price rise could force China steel rationalization
China imports almost half of the world's seaborne iron ore, making it the largest iron ore consumer in the world, but it has become a price-taker for this basic input for steel -- perhaps because it waited too long to negotiate with major suppliers.
February 26, 2008
Tatas to double China revenues
Mumbai, Feb 25 The Tata group’s investment plans in Bangladesh may have hit a rough patch, but it is steadily gaining a foothold in China. Despite growing competition from local Companies, Tata expects to double revenues from China—primarily from TCS and Tata Steel—to $600 million this year. It will also see sourcing from that country double to $500 million.
February 25, 2008
China denies US steel energy subsidy report
A Chinese industry group on Wednesday denied the claims of a U.S. study released last month, which stated that massive government energy subsidies had fueled the country's steel exports.
February 22, 2008
China Ends Anti-dumping Measures on Korean Fiber
China has ended five years of anti-dumping measures on polyester chips and polyester fiber imports from the Republic of Korea (ROK), according to the Ministry of Commerce.
February 21, 2008
Russian Steelmaker Makes $1.5 Billion China Deal
In its first Asian acquisition, Russian steel producer Evraz Group will acquire 51% of China's Delong Holdings, triggering a tender offer to minority shareholders
February 20, 2008
MAC Considering Amnesty for Illegal Taiwanese Investors in China
Taipei, Feb. 19, 2008 (CENS)--In a bid to encourage Taiwanese businessmen in China returning to Taiwan for investments, the Cabinet-level Mainland Affairs Council (MAC) is considering to grant amnesty to those which invested in China without government approval.
February 19, 2008
BHP, Rio Iron Ore Dilemma
Sydney, Feb 19, 2008 (ABN Newswire) - The financial analysts will be crunching their models, working up the benefits to BHP Billion and Rio Tinto after it was confirmed that Japanese and South Korean steel mills have agreed to a 65% rise in the price of iron ore from April 1.
February 18, 2008
Georgia to Build on BRICs - Brazil, Russia, India, China Form Bloc of Developing Nations Key to Trade, Investment
Brazil's announcement this month of the opening of a consulate in Atlanta appears little more than a diplomatic nicety, an opportunity for Rio-bound revelers to pick up a visa or expatriates to cast a vote. Brazil, after all, becomes the 22nd country to establish diplomatic relations in Atlanta.
February 15, 2008
MediaTek`s 3G Chips Make a Big Splash in Mainland China
Taipei, Feb. 14, 2008 (CENS)--Big cell-phone suppliers in mainland China including LG Electronics, TCL Holdings Corp., Hisense, and Longcheer Telecommunications Co., Ltd. have built MediaTek Inc.`s TD-SCDMA chips into their 3G mobile phones.
February 14, 2008
Ministry of Finance (MOF) Cancels Tax Rebate for 622 Export Items From April 1
Taipei, Feb. 13, 2008 (CENS)--In line with the trend of tariff reduction, the Ministry of Finance (MOF) announced yesterday (Feb. 12) cancellation of tax rebates for 622 exported items, including cosmetics, medicines, and iron/steel, effective April 1.
February 13, 2008
SA firms penetrate Chinese industry
Johannesburg - A handful of South African companies have become "industry shapers" in China, according to Martyn Davies, the executive director of the Centre for Chinese Studies at the University of Stellenbosch.
February 12, 2008
China Takes Steps to Stem Trading Partners` Product Safety Concerns
It`s roughly since the mid-2007 when China began to face mounting pressure of product safety concerns from its trading partners, which, as market observers commented, is a major obstacle for China to move toward being a dominant power on the international market.
February 11, 2008
Noble International is a 'Steel' at Current Valuation
International (NOBL) provides laser welded blanks and tubes for the automotive industry. Its products are used by OEMs or their suppliers in automobile body components such as doors, fenders, body side panels, and pillars. NOBL provides prototype designs, engineering, laser welding, and other cutting services.
February 08, 2008
Rusal, China Power to build plants in China, Guinea
RUSAL plans to build an aluminium smelter in China and a bauxite and alumina complex in Guinea
February 07, 2008
BHP Billiton raises offer, Rio Tinto rejects - BHP Billiton makes "first and only offer" for Rio Tinto
BHP Billiton, the world`s largest mining company, raised its hostile bid for Rio Tinto to US$147.4 billion after China`s biggest aluminum company sought to block the takeover, but the latest offer was rejected.
February 06, 2008
Chinalco`s Xiao meets with Australian minister on Rio Tinto
Chinalco`s president meets with Australian minister
February 05, 2008
China takes stake in Rio Tinto, threatens BHP Billiton`s bid plan
China`s biggest aluminium producer has teamed up with US group Alcoa to buy a 12% stake in Rio Tinto plc, threatening BHP Billiton`s efforts to win the Rio Tinto group.
February 04, 2008
BHPB in iron ore supply pact with China`s Baosteel
BHPB signed an agreement to supply Baosteel with iron ore
BHP Billiton said on January 30 it had signed an agreement to supply China`s Baoshan Iron & Steel Co (Baosteel) with iron ore.
February 01, 2008
China to Levy Tariffs on Some Exported Steel Products
A steel worker in Weifang, China. Chinese companies that export steel products will face higher tariffs on Jan. 1.
January 31, 2008
BHP Billiton, China's Baosteel Strike 10-Year Iron Ore Supply Agreement
SHANGHAI, China (AP) -- Anglo-Australian miner BHP Billiton Ltd. said Wednesday it has struck a 10-year iron ore supply deal with Baoshan Iron & Steel Co., China's biggest steel maker.
January 30, 2008
WuXi PharmaTech (NYSE: WX) Hosts Its First Supplier Conference in Shanghai
SHANGHAI, China, Jan. 29 /Xinhua-PRNewswire/ -- WuXi PharmaTech , China's premier provider of pharmaceutical R&D outsourcing services hosted its first supplier conference on January 28 in Shanghai, China.
January 29, 2008
2008 - AND BEYOND
Happy New Year. I’m adding my voice to the year-ahead punditry – but taking a different approach by looking further out. The views are based on a look through the end of 2010 and represent my own thinking as well as the input of several of my colleagues. I’ll be concentrating primarily on demand trends today, with more thoughts on provider trends in a later post.
January 28, 2008
How Chindia Will Impact The World Economy
Among the large emerging economies such as Brazil, Russia, Nigeria and Indonesia, it is the rise of China and India (Chindia) which will have (and already has) enormous business implications during the first half of this Century mostly beneficial to the world.
January 25, 2008
Nation Becoming Net Corn Importer
China is becoming a net corn importer as a result of robust domestic demand from the corn deep processing sector.
January 24, 2008
Taiwan Will Embrace More Liberal Mainland Economic Policy Under New President
Taipei, Jan. 23, 2008 (CENS)--Taiwan is likely to embrace a more liberal mainland China-related economic policy under the next president, no matter who wins the upcoming election, as both presidential nominees of the ruling DPP and opposition KMT parties are leaning towards such a policy line, according to interviews of the two persons published by the Chinese-language Economic Daily News, sister publication of Taiwan Economic News, today (Jan. 23).
January 23, 2008
Formosa Petrochemical Plans to Step Into Rubber Material Production
Taipei, Jan. 22, 2008 (CENS)--Formosa Petrochemical Co., Ltd. has planned to invest another NT$100 billion, boosting its oil refining capacity by 100,000 to 150,000 barrels a day and stepping into rubber-material production for the first time.
January 22, 2008
Chinese computer maker Taiwan has announced it will be outsourcing production of all its notebook computers to Taiwan.
In an unusual move, China-based Lenovo—which took over IBM's ThinkPad line a few years ago—has announced it will be outsourcing production of all its notebooks to trusted manufacturers, rather than producing the systems itself in China. The unusual twist: those trusted notebook manufacturers are in Taiwan.
January 21, 2008
Chinese manufacturers vie for piece of outsourcing pie
Though China currently is under scrutiny for its manufacturing standards, it was the world's top toy exporter last year. It hopes to become a major player in drug manufacturing, too.
January 18, 2008
Watch total costs if sourcing in India
The benefits of cheap labor in India can be offset by higher total costs caused by poor infrastructure and the lack of a supply base. By James Carbone -- Purchasing, 1/17/2008
January 17, 2008
Thirst for outsourcing fuelling product recalls - By: Kirsty Barnes
15/01/2008 - Product recalls in the UK due to health and safety concerns have shot up to their highest level, with the rise in outsourcing to China fingerpointed for much of the blame.
January 16, 2008
Western countries 'outsourcing pollution' - By Sun Xiaohua (China Daily)
Western nations are contributing to China's CO2 emissions, according to a report from the World Wide Fund for Nature (WWF) and Norwegian University of Science and Technology.
January 15, 2008
Eight Electronics Firms Among Taiwan`s Top-10 Enterprises in 2007
Taipei, Jan. 14, 2008 (CENS)--Taiwan`s top-10 firms, in terms of annual sales, included eight electronic concerns, with the other two coming from the Formosa Plastics Group, according to statistics compiled by the Taiwan Stock Exchange Corporation (TSEC).
January 14, 2008
GM Switches Materials to Cut Costs
Materials substitutions can yield huge savings in the face of soaring metals and plastics costs. GM adopts a new strategy
Doug Smock, Contributing Editor -- Design News, January 7, 2008
January 11, 2007
China Metals Demand to Affect Australia More Than U.S. Housing Crash
Can you tell me whether the China boom will survive and outlast an American housing-lend recession? Gwen Robinson over at the FT says, “There is simply no means of knowing that, since we are in new economic territory.
January 10, 2008
Merrill Lynch, UBS Clash on China Metals Demand Forecast
Put together a falling US dollar and rosy growth forecasts from China and what do you get? If you guessed higher commodity prices, you get a gold star. Yet among the institutions, there’s mixed opinion about what metals prices will go up (or down) in 2008.
January 09, 2008
Soaring Materials Prices Cause Problems for Machine-tool Makers - 2008/01/07
Thanks to sharp price hikes for Brazilian pig iron, Taiwan`s importers have boosted their pig-iron quotations for second-quarter delivery to US$545 per metric ton, up 12.37% from prices quoted just three months ago. The price of coke, which is used as a fuel to reduce metallic oxides in metals, has skyrocketed 28.5% over the past three months.
January 08, 2008
TSEC to Solicit Overseas Investors From Singapore and Hong Kong
Taipei, Jan. 7, 2008 (CENS)--Following the holding of invest-in-Taiwan presentations in New York, London, Abu Dahbi, Dubai separately in September and December 2007, the Taiwan Stock Exchange Corp. (TSEC) will continue to hold two similar presentations dubbed "Your Gateway to Asian Prosperity" Jan. 15-16 in Singapore and Jan. 17-18 in Hong Kong.
January 07, 2008
Trends in Global Sourcing for 2008
Overall, demand in the market for IT & BPO services continue to expand in 2008: The main factors driving outsourcing is continue to be cost and access to skills not available in home country.
January 04, 2008
Innolux to Supply TFT-LCD Cellphone Panels to Nokia
Taipei, Jan. 3, 2008 (CENS)--Taiwan-based thin film transistor-liquid crystal display (TFT-LCD) panel maker Innolux Display Corp. is scheduled to begin supplying cellphone panels to Nokia for the first time in the first quarter of 2008, according to Innolux chief financial officer (CFO) Thomas Hsu.
January 03, 2008
Taiwan`s Iron and Steel Industry Expected to Continue Growing
Taiwan`s iron and steel industry will continue to grow through 2010, according to the speakers at a seminar held by the Industrial Technology Intelligence Services (ITIS) office of the Ministry of Economic Affairs (MOEA) on Nov. 22. The speakers included Chen Chien-jen, senior industry consultant at ITIS; Liu Wen-hai, ITIS project manager; and Huang Chin-chuan, deputy director of the metal research and development department of the government-backed Metal Industries Research & Development Centre (MIRDC).
January 02, 2008
Outsourcing
Outsourcing agreements promise significant value for both buyers and providers. In theory, such arrangements help buyers reduce operational expenses and achieve critical business transformation, and in return, allow providers to grow rapidly with predictable sources of revenue.
January 01, 2008
Outsourcing in China: The Beijing Region
By Jacqueline Zhang
The People’s Republic of China, if you haven’t noticed, is mind-bogglingly big. A behemoth of a country, just the Great Wall alone stretches longer than the distance between New York and Los Angeles.
December 31, 2007
Machinery in Taiwan Evolving From Manual to Automated Operation Since 1980s
Over the past decade, the Ministry of Economic Affairs (MOEA) has been promoting industrial automation earnestly. A projection prepared by the MOEA shows that Taiwan will grow to be Asia`s No.1 supplier of integrated automation systems in the decade to come, with an annual increase of 10% in output.
December 28, 2007
Everest Research: Trends in Offshoring - By Dian Schaffhauser
Everest Research Institute, the research division of Everest Group, an outsourcing advisory firm, recently announced that it expected labor arbitrage -- the key cost-savings benefit of offshore outsourcing -- to continue to drive sourcing decisions for the next 30 years. It struck us that projections don't often go that far into the future. These researchers were truly putting a stake in the ground for the long-term.
December 27, 2007
Build a Captive Development Center or Partner with a Service Provider?
Improving Your Global Outsourcing Strategy - By Robert Corace
As the offshore product engineering industry matures, independent software vendors (ISVs) and software-enabled companies (those that don't sell software, but for which software is the driving force behind their business) are outsourcing more than the traditionally "must have, but don't want to pay for" functions such as IT support or quality assurance.
December 26, 2007
Rethinking Free Trade?
By Lindsay Oldenski
According to a recent Wall Street Journal article, it’s suddenly become trendy for high-profile economists to contradict their previous views– and centuries of economic research– by coming out against free trade. The article by David Wessel and Bob Davis is entitled Pain from Free Trade Spurs Second Thoughts and focuses on recent comments by economist Alan Blinder and others about the potential drawbacks of offshoring service jobs.
December 25, 2007
TSE to Sponsor Presentations of Business Prospects by Blue-Chip Firms
2007/12/24
Taipei, Dec. 24, 2007 (CENS)--To bolster investors` confidence and the domestic bourse following its recent crash, the Taiwan Stock Exchange (TSE) will sponsor a series of six large-scale explanation sessions for institutional investors starting this Friday, when 18 blue-chip companies will make presentations on their operations and industrial outlook.
December 24, 2007
Chrysler to Finalize Test Center in Asia
Taipei, Dec. 21, 2007 (CENS)--American car maker Chrysler LLC is planning to set up its first Asia testing center by selecting one location among three choices, including Taiwan, mainland China, and India, according to industry sources.
December 21, 2007
The Next Empire: questioning Chinese multinationals, finance, trade, jobs, outsourcing, hightech, po
December 20, 2007
IBM expects $1 billion in India revenue this year
IBM expects to make about US$1 billion in revenue from India this year, as the company's hardware and services businesses in the local market soar.
December 19, 2007
Indian Bioinformatics Services Outsourcing Revenues Will Touch USD 62 Million By 2010
Bioinformatics - Surfing the outsourcing wave
December 18, 2007
2008 : The year of newspaper outsourcing
A wave of outsourcing will begin in 2008 in the newspaper industry according to a survey of 15 private company executives done by Deutsche Bank analyst Paul Ginocchio.
December 17, 2007
Outsourcing Rivalry Doesn't Faze Malaysia
To combat competition from the Philippines, the country is positioning itself as a high-value rather than low-cost destination for voice services - by Lee Min Keong
December 14, 2007
Rise of India, China does not signal American decline:
US Secretary of State Condoleeza Rice says the coming of an Asian century with the rise of India and China does not mean the beginning of an era of American decline.
December 13, 2007
China Export: High-Tech Outsourcing
DALIAN, China - German software giant SAP AG brings its toughest jobs to this
port city in China's rustbelt northeast.
December 12, 2007
China Nuclear Power Poised for Export in `Self-Reliance' Bid
China, its safety reputation tattered by lead paint in toys, cancer-causing chemicals in seafood and antifreeze ingredients in toothpaste, is gearing up to become the world's biggest producer and operator of nuclear plants.
December 11, 2007
OBUs Watching Finance of Taiwanese Firms in China Closely
Taipei, Dec. 10, 2007 (CENS)--Offshore banking units of domestic banks are watching closely impact of the imminent implementation of the "Employment Contract Law" and other more stringent taxation regulations on the operations of Taiwanese-invested firms in China, with some reportedly having decided to defer delivery of approved loans to those with dubious finance until after the Chinese Lunar New Year.
December 10, 2007
Global Sales of Semiconductor Equipment Seen to Decline 1.5% in 2008
Taipei, Dec. 7, 2007 (CENS)--The Semiconductor Equipment and Material International (SEMI), a 2,000-member world trade institutions, recently predicted sales for semiconductor manufacturing equipment will decline 1.5% year-on-year in 2008.
December 07, 2007
US: China to drop some trade subsidies - By Martin Crutsinger
WASHINGTON - The Bush administration announced Thursday that China has agreed to eliminate improper trade subsidies it was using to the detriment of U.S. and other foreign companies.
December 06, 2007
China export: high-tech outsourcing - By Joe Mcdonald
DALIAN, China - German software giant SAP AG brings its toughest jobs to this port city in China's rustbelt northeast.
December 05, 2007
China and India resist emissions cap calls
Anyone in doubt about the pivotal position played by China and India at this month's global climate change talks in Bali should glance through the latest forecasts from the International Energy Agency.
December 04, 2007
R.R. Donnelly printing firm expands in India
R.R. Donnelley & Sons Co., a printing company that employs 700 people at two plants in the Green Bay area, will expand its presence in India.
December 03, 2007
Pfizer: Mulls Outsourcing 30% Of Manufacturing; Much To Asia
HONG KONG -(Dow Jones)- Pharmaceutical giant Pfizer Inc. (PFE) said Friday it is looking to outsource as much as 30% of its manufacturing, much of it to Asia.
November 30, 2007
Death By a Thousand Paper Cuts
Though beauty may be in the eye of the beholder, injury is not. A bloodied nose, a foreclosed home, the loss of health insurance are all clearly harmful events.
November 29, 2007
Privacy Threats from a Banana Republic
by Jim Harper
By now, the economics of offshore outsourcing are clear. Offshore outsourcing creates economic growth, bringing more and better things to more people.
November 28, 2007
International Trade Commission Finds Another U.S. Industry Completely Gone
BY RICHARD McCORMACK
The industry that makes luggage with surfaces made out of textile products has disappeared from the United States, reports the International Trade Commission (ITC). The nine companies left in the United States that make suitcases, briefcases, computer cases and sports bags out of manmade fiber textile materials say that at least 70 percent of their business now goes into military applications. Military applications constitute only 5 percent of the total market for such goods, according to the ITC.
November 27, 2007
Ford warns Ottawa not to sign with South Korea
By Greg Keenan, Auto Industry Reporter
TORONTO — Ford may redirect future investment away from Canada if Ottawa concludes a free-trade deal with South Korea that doesn’t open up that country to auto imports, the company’s top Canadian executive said yesterday.
November 26, 2007
Outsourcing is more than a cost-cutting strategy
One of those dirty little secrets about outsourcing has finally been challenged. The slash ‘n’ burn strategy.
November 23, 2007
"eneloop universe products" Win 2007 G-Mark Grand Prize
After several months of evaluation and discussion, the Japan Industrial Design Promotion Organization (JIDPO) recently announced its choice of "eneloop universe products" from the Sanyo Electric Co. as winner of the Grand Prize in the Good Design Award (G-Mark) 2007.
November 22, 2007
Chimei Targets 450,000 LCD TVs in 2008
With increasing sales in the United States and mainland China, Taiwan`s Chi Mei Group expects to ship 450,000 LCD TVs in 2008, up 50% from this year.
November 21, 2007
IAF Annual Convention in Taipei Talks Shop and Promotes Fashion Design
The 23rd IAF World Apparel Convention, hosted by the Taiwan Textile Federation (TTF), took place in Taipei, Taiwan from Oct. 24-26, 2007 and saw more than 300 local and foreign representatives in attendance at the annual event. With the invitations from TTF and IAF (International Apparel Federation), President Chen Shui-bian delivered a speech at the grand opening ceremony on Oct. 25 at the Taipei International Convention Centre.
November 20, 2007
China Waves Biggest Axe Yet on Tax Rebates for Taiwanese Suppliers
Taiwanese manufacturers operating in mainland China have been fretting recently over an unprecedented massive cut on export tax rebates that the mainland authorities put into effect July 1 this year.
November 19, 2007
Taiwan`s Power Transmission and Control Components Sector Versatile as Ever
Taiwan is noted for its know-how to roll out sophisticated power transmission and control components made of powder metallurgy production processes to meet the wide-ranging demands of automotive and machinery industries.
November 16, 2007
The Philippines Vies to Become Outsourcing's Next India
Though India dominates the offshoring and outsourcing market, capturing 40 percent of a market currently valued at around $45 billion but estimated by McKinsey & Co. to grow to $130 billion by 2010, Philippines officials are aggressively marketing the country as an alternative to India.
November 15, 2007
Intellectual Ventures LLC Plans To Go Global
BELLEVUE, Wash. -- Intellectual Ventures LLC, a low-profile investment firm run by former Microsoft Corp. executive Nathan Myhrvold, is laying plans to go global: It hopes to raise as much as $1 billion to help develop and patent inventions, many of them from universities in Asia.
November 14, 2007
West's Mining Deals Put China in a Bind
By PATRICK BARTA
BHP Billiton's bid for rival resources giant Rio Tinto shows how Western mining companies are increasing their clout as the world's commodity boom marches on, a trend that stands in stark contrast to developments in the oil business.
November 13, 2007
China Threatens To Block Industrial Goods Deal At WTO
By Staff Writers - Geneva (AFP)
China has threatened to veto any proposals on cutting customs tariffs on industrial goods at the World Trade Organisation (WTO) if its requests are not met, trade sources said on Friday.
November 12, 2007
China bans exports of drug-tainted toy Fri Nov 9, 11:16 PM ET
BEIJING - China's government has suspended exports of toys covered with a toxic chemical that have been subject to recalls from Australia to the United States after sickening children, the state-run Xinhua News Agency reported Friday.
November 09, 2007
Alarm: China signals flight from dollar - Investment CEO says he's 'never seen people more nervous'
An unprecedented signal from senior Chinese leaders that the Asian economic giant might abandon the U.S. dollar sent shockwaves through the markets today as the Dow Jones Industrial Average lost 360 points and the greenback fell to a record low against the euro.
November 08, 2007
Secrets Behind The Rapid Growth Of The Offshore Ecommerce
By Anne Catherine
Advertise on this Site E-Commerce solution is the new age mantra. A few years back thinking about an online form of business with an ecommerce web site was just not possible. The arrival of the World Wide Web and its utilities has however, made it possible for offshore outsourcing to be a way of business. Offshore ecommerce has broken the barriers imposed by physical distances and time and now it is possible to do business online sitting miles away from your client.
November 07, 2007
Building A Frugal Society
By: Pan Jiahua
Adopting sustainable architecture will bring China great environmental gains with little effort, writes Pan Jiahua. If the country really wants to build a “frugal society”, this is how."Sustainable architecture will be impossible without technological innovation."
November 06, 2007
United States: Exporting Without Importing a Headache: An Application of the U.S. Export Regulations to The Financial Services Industry
09 February 2005 - Article by Leigh Hansson and Benjamin Lindorf
November 05, 2007
Is China the Next Japan?
For years economists have wondered whether the inevitable rising power of China was similar to Japan in the 1980s. If you remember (and that requires you to be over 22), people used to think that Japan was an unstoppable beast destined to take over the world. Movies and popular media frequently made reference to this, of in now-comical ways.
November 02, 2007
How a Giant Utility Is Transforming Itself with Outsourcing
True organizational change is hard to achieve. Getting buy-in for new, unproven processes is a Herculean feat that few people have management experience in. So how do you pull it off? In this case study, we share nine insights culled from the transformation that happened at the people level when a huge Texas utility company spun off 2,700 employees to form a new company under mostly new ownership and with a totally new mission.
November 01, 2007
Your China Strategy Development: Advice from an Analyst
By Dian Schaffhauser
You can never know what's going to come out of David Scott Lewis' mouth next -- but you should know whatever he says will be insightful and you'd better pay attention. An ex-METAGroup analyst who -- along with many others -- lost his job when the company was acquired by Gartner Research, he had never been to China, aside from Hong Kong. But not so many months ago, he moved overseas because little was keeping him in the US and love beckoned from afar (and online). The last time we caught up with him -- in July 2005, when he’d returned home for a brief visit to speak at the AlwaysOn conference at Stanford University -- he was providing consulting services in China, primarily to US clients trying to locate just the right service providers to work with.In this interview, Mr. Lewis supplies a no-holds-barred rundown on the current state of the outsourcing business in China. Part 2 of a three-part article.
October 31, 2007
SO, WHAT IS OFFSHORING?
Offshoring is a type of outsourcing. Offshoring simply means having the outsourced business functions done in another country. Frequently, work is offshored in order to reduce labor expenses. Other times, the reasons for offshoring are strategic -- to enter new markets, to tap talent currently unavailable domestically or to overcome regulations that prevent specific activities domestically.
October 30, 2008
THE 2008 OUTSOURCING WORLD SUMMIT
February 18 - 20 Disney's Contemporary Resort - Orlando, Florida
Creating a Competitive Advantage Through Change
Michael F. Corbett, Chairman, IAOP
IBM’s Sam Palmisano recently observed that 30% of all companies in the world are changing their business models. But, the real question is: How do companies turn this capacity for change into sustained competitive advantage? Join IAOP’s Mike Corbett, neoIT’s Atul Vashistha, Vera Marques CIO BASF, John Maher of CB Richard Ellis, Rich Etzhorn of Colliers International, Pat McArdle of PricewaterhouseCoopers and other top global executives as they explain:
October 29, 2007
Outsourcing Manufacturing Spreads
By Katrina C. Arabe
Lean manufacturing is in, while vertical integration is out. That's why companies are outsourcing manufacturing—to stay focused and profitable. Should you jump on the bandwagon?
October 26, 2007
Daniel Pink on right-brain thinking and outsourced economics
In this exclusive interview, VentureOutsource.com speaks with influential business author Daniel Pink (www.danpink.com). His latest book, A Whole New Mind, explains the six abilities or talents individuals and companies must develop to compete in an outsourced and automated global economy.
October 25, 2007
Turning the Worm
By all measures, the pace of new outsourcing contract awards has slowed in 2007. The third quarter reports are out any day now.
October 23, 2007
Sending Work to India -- The Pros and Cons
You don't hear much public debate these days about offshore outsourcing. But debates roared during the 2004 presidential election, and India got much of the blame for stealing American jobs. Businesses remain interested in offshore outsourcing. And some of the delegates on Gov. Pawlenty's trade mission to India this week are looking to send work there.
October 22, 2007
B2B Outsourcing Solutions Seen Yielding Significant Value in Stanford Study
Survey shows companies outsourcing B2B programs streamline interactions with suppliers and customers, benefit from superior technical capabilities, Hau Lee says
October 19, 2007
When deciding to outsource logistics to a 3PL, read the signs
There are many reasons to outsource either part or all of your logistics operations and there are as many reasons not to outsource your logistics. Purchasing recently polled a list of third-party logistics providers, asking them to provide supply chain professionals with clear signs that it may be time to outsource—or not. Their responses might surprise you. And be sure to log onto Purchasing.com to read many more signs.
October 18, 2007
Japan Saying ‘Sayonara’ to Vertical Manufacturing
To say that Japanese OEMs have been shy about using contract manufacturing services could be the understatement of the year, says iSuppli Corp.
October 17, 2007
MID YEAR 2007 OUTSOURCING AND FDI TRENDS
Runckel & Associates handles a large number of complex international sourcing projects for our clients. As we move into August 2007, certain trends are emerging that have considerable long-term implications. I should note that these are ongoing trends that we see playing out in the remainder of 2007 and in the coming years. The cost implications are not currently critical but will become increasingly noticed going forward.
October 16, 2007
Outsourcing in China Today
Hong Kong-based consultant Peter Zapf talks about the risks and benefits of moving production to the mainland.
October 15, 2007
How to Begin a Successful International Sourcing Program.
The key to setting up a successful strategic sourcing program is to keep your risk to an absolute minimum and make any production transition as seamless as possible. These are the steps we suggest to start an integrated cost-cutting initiative. This is how we suggest you begin a successful global sourcing program.
October 12, 2007
China's drug industry set to take off
Producing cheap drugs for the developing world could allow Chinese pharmaceutical firms to capture a bigger share of the international market, industry experts suggest.
October 11, 2007
Is it all about price?
There are some very striking similarities in the recent research conducted by Connect Ltd, an IT support company specialising in providing IT support to SME’s in the UK and research by Catenate Sdn Bhd, a Malaysia based outsource sub contract manufacturer, also specialising in manufacturing for SME’s in UK, Australia and US.
October 10, 2007
Chinese investors turn to Vietnam for outsourcing
For years, the Chinese motorcycle boom was good for companies like Chongqing Dongli Manufacturing Ltd, but by the late 1990s, the Chinese clamor for motorbikes was giving way to automobiles.
October 09, 2007
'Made in India' Rising to Challenge China: Report One Day Ago
NEW DELHI (AFP) — "Made in India" could be the next big economic story with the country challenging China's position as the leading global manufacturing hub within five years, says a new report.
October 08, 2007
Kenya: Consumers Miss Price Benefits of Outsourcing
Frustrated by high production costs and an uneven business environment, local manufacturers of household and personal care products are slowly abandoning their core businesses to concentrate on marketing and distribution.
October 5, 2007
Firstex Industries Inc moves to new digs...
Firstex Industries Inc, is Proud to announce we are moving to our new facility in down town Grand Prairie and will be operational the 8th of October.
All the phone numbers, fax numbers and E mail addresses you have used in the past will stay the same.
The new facility will double the office and warehouse space and give us plenty of room to grow with your continued support.
Please change your profile sheet on Firstex Industries to the following.
Firstex Industries Inc.
111 NE 11th Street
Grand Prairie, Texas 75050
October 04, 2007
Dealing with China Sourcing on a Global Level
By Yu Sun | Published 09/7/2007 | Business |
While global sourcing has been a more and more popular way of cutting costs in International Trade, some corporations aren't that successful simply because they have no idea how to deal with individuals from other countries. Westerners could sometimes face difficulties and they don't seem to realize that business is not carried out the same way in the International trade, but that awareness is critical for companies who want to source products or services in International trade. China Sourcing can be particularly challenging for a business that doesn't know to deal with a change in traditions and values other than their own culture.
October 03, 2007
China Sourcing-An Opportunity
China being a prime location and a variety of products are imported from this destination. China Sourcinghas become a debatable topic these days. But there are certain doubts on the quality of goods manufactured in china, especially in the supply of drugs and food products. Top class quality and safety are an important focus in international trade. Quality issues cannot be taken lightly in view of China Sourcing in the B2B market. Hence, it has become necessary to view China Sourcing in the wake of the quality problems that are happening in the B2B market. But the fact lies that minor problems are an inevitable part of a large trade market.
October 02. 2007
Has The Outsourcing Gone Too Far?
Farming out in-house operations has become a religion. Faith must now
be tempered by reason.
October 01, 2007
A worker at Orbit Chemicals, which makes Fa soap on behalf of Henkel.
01-October-2007: Frustrated by high production costs and an uneven business environment, local manufacturers of household and personal care products are slowly abandoning their core businesses to concentrate on marketing and distribution.
September 28, 2007
Experts Say Manufacturing Outsourcing Is Still Strong
Labor savings enable manufacturers to save from 15-45 percent
Experts at National Manufacturing Week today said that outsourcing of manufacturing processes continues to gain momentum, as product makers begin to turn their attention beyond China, to such countries as India and Viet Nam.
September 27, 2007
Zippo To Outsource Product Line
Counselor has confirmed that Zippo Manufacturing Co. (asi/99070) will outsource sales of its ad specialty product line beginning in 2008. Starting on January 1, all Zippo promotional products will be available through another industry supplier, although Zippo has not yet revealed the supplier's name. "We've signed a third-party licensing agreement with another industry supplier," says Chuck Schreiber, general manager of Zippo's promotional products division. "We'll be divulging who that supplier is in late November or early December. We're confident, though, that this will make both us and them much stronger suppliers."
September 26, 2007
Outsourcing Simplifies the Paperwork for Appliance Manufacturer Whirlpool
By Gary N. Bowen, Business Writer
oven - appliance company outsources The old saying "the job's not finished until the paperwork's done" began to impact appliance manufacturer Whirlpool, a multi-billion dollar manufacturer of retail and commercial appliances.
September 25, 2007
Quality takes over from cheapness in China
UK companies had their products made in China because it was cheaper, but now most companies have a much higher priority - quality - as Christopher Devereux explains
September 24, 2007
The people in China understand the outsourcing concept much better than we think, and I’d like to thank Helen of ‘justlogin.com’ for this wonderful anecdote.
Let me share a story.
September 21, 2007
How to do investing, travel, finance, outsourcing, trade in China?
Explore vast finance, trade, banking, outsourcing, investment, education, technology opportunities in China, India, Taiwan, Hong Kong, Japan?
September 20, 2007
U.S. EXPORT FACT SHEET July 2007 Export Statistics Released September 11, 2007 Combined Exports to Panama, Peru and Colombia
EXPORT OVERVIEW:
In July 2007, U.S. exports of goods and services grew by 14.8% over July 2006 to $137.7 billion, while imports increased 5.1% to $196.9 billion.
September 19, 2007
Arena Solutions Survey Reveals a Majority of Firms Suffer From Costly Incidents Due to Outsourcing Of 800 Manufacturers Surveyed, 85 Percent Outsource, Yet Only 32 Percent Have an Infrastructure for Managing and Communicating
September 18, 2007
Why NorthStar Yachts is China Bound: Kalama boatbuilder explains why he outsourced his entire firm
By Evan Caldwell
A year ago, Kalama-based NorthStar Yachts owner Jerry Clark sat on the dock at the Fort Lauderdale International Boat Show in Florida and realized his business needed to change to survive.
September 17, 2007
Outsourcing savings lost to poor processes
Survey finds majority of manufacturing companies outsourcing operations losing hard dollars due to outdated processes
September 14, 2007
Manufacturers risk outsourcing benefits, says survey
Foster City, Calif. — Results from an outsourcing survey conducted by Arena Solutions, a product lifecycle management (PLM) provider, and Symphony Consulting, a supply chain service company, reveal that while 85 percent of the 800 manufacturers surveyed outsource part or all of their manufacturing operations, nearly two-thirds of them put their associated savings at risk because they lack adequate control and processes.
September 13, 2007
Government Regulations Drive Industries to Outsource Treatment of Wastewater Services
PALO ALTO, California - The North American industrial water services and outsourcing market is largely driven by government regulations, environmental awareness and risk management. The primary buyers of outsourcing services for water and wastewater treatment are large manufacturing or industrial companies. This includes water treatment for use in manufacturing activities in several industrial sectors. Outsourcing also includes the disposal of industrial wastewater - treating the water before discharging it into any public body of water.
September 12, 2007
Meaningful Relationship Needs Help
The economic ties that bind China and the U.S are going through a very tough stretch. A key lesson for manufacturers is that they can outsource their production, but can never delegate their responsibility for consumer safety.
September 11, 2007
Safety Regulations Should Increase Product Quality
Federal policy and regulations on product safety are supposed to protect consumers. Quality control and safety verifications have gotten seemingly ridiculous, and in this age of lawyers and lawsuits, companies go to great lengths to protect themselves.
September 10, 2007
Is Made in China pricing itself out of the market?
Few experiences capture the essence of China's rise as an industrial powerhouse as vividly as a journey into one of the vast factory towns of the Pearl River Delta. The chemical fumes and roar of machinery are a reminder that like almost nowhere else in the world, southern China has become the focal point on the compass of global manufacturing.
September 7, 2007
Chinese whispers over toy safety alert
Our shops are awash with products labelled "Made in China", but following the latest recall of toys by leading manufacturer Mattel, can we really feel confident in what we buy?
September 6, 2007
Datacraft Increases Focus On Manufacturing Industry
Datacraft has established a strong track record in the manufacturing industry, having implemented turnkey projects for several leading manufacturers from hi-tech to heavy industries
September 5, 2007
Commerce Secretary Gutierrez Hails 2nd Quarter Growth Spurt Driven by Booming Record Exports
WASHINGTON—Commerce Secretary Carlos M. Gutierrez today released the following statement on the preliminary estimate of real gross domestic product (GDP), which showed that the American economy grew at 4.0 percent in the second quarter of 2007:
More...»
September 4, 2007
Best Source strategies
There are Best Source lessons to be learnt by even the largest of companies.
Electronics firm scraps its Chinese manufacturing site
Universal Instruments (UI) has scrapped its manufacturing operation in Shenzhen, China, based upon persistent quality complaints from customers of its precision instruments. The company has since turned the facility into an assembly centre to serve its global market.
September 3, 2007
Could your next iPhone or Wii be made in Vietnam?
Taiwan's Foxconn announces plans to diversify its manufacturing base by expanding into Vietnam.
August 31, 2007
Outsourcing benefits are foreign concepts for local businesses
The colors of collars are unimportant when it comes to personnel leasing in Ukraine
© KP Media, photo by Oleksiy Boyko
Nikolai Ganzha, president of Acumen Outsourcing, said that compared to their Western counterparts, Ukrainian business owners are still afraid to entrust business administration tasks to third parties
Aug 30, 2007
Alex Colquhoun of OSI Electronics readily completed the industry's only program that certifies managers in the process of outsourcing decision-making
Alex Colquhoun, Vice President and COO at OSI Electronics, a mid-tier
electronics manufacturing services provider based in California, has successfully completed all three modules of Technology Forecasters Inc's Online Outsourcing Navigator Series program and thereby is qualified as the program's first "Outsourcing Navigator" certified fully online.
August 29, 2007
To Source or Not to Source – Does Global Sourcing make Sense for You?
The debate over whether it is healthy for American companies to shift manufacturing offshore is over. According to John McCarthy, Forrester Research’s Group Director of Research, “This is going to be one of the biggest macroeconomic shifts in the overall U.S. economy in the next 10 years.”
Need reasons to outsource manufacturing? Get more information from The Outsourcing Network...
August 28, 2007
BPO will boom, say insiders
Although there is constant threat to the BPO industry from
the emerging markets, India will continue to remain strong
Business Process Outsourcing (BPO) has been the most adored
mantra for employers and employees, many of whom are fresh
college graduates from Bombay and other cities. Many
international companies outsource business to other countries
where the labour is cheap.
August 27, 2007
U.S. IMPORT AND EXPORT PRICE INDEXES
- JULY 2007 -
The U.S. Import Price Index increased 1.5 percent in July, the Bureau
of Labor Statistics of the U.S. Department of Labor reported today, after rising
0.9 percent the previous month. Higher petroleum prices drove the July
advance. Export prices also continued to trend upward in July, increasing 0.2
percent following a 0.3 percent advance in June.
August 24, 2007
A Managerial Framework for Reducing the Impact of Disruptions to the Supply Chain
Observations from multiple executives Introduction
Recently the topic of Enterprise Risk Management appears at the top of many corporate
agendas. Although most discussions on risk management are confined to financial reporting and internal controls risks associated with the likes of Sarbanes-Oxley, an often overlooked risk is the probability of an undesirable event occurring that causes extensive supply chain disruption. When organizations discuss the concept of Enterprise Risk Management (ERM), the discussion often revolves around financial and strategic risk (see Figure 1 for examples). In reality, however, the total set of risks to an organization is much broader, and also includes Hazard Risks and Operational Risks. Hazard risks refer to weather disasters, equipment shutdown, or product liability, while Operational risks include major disruptions such as theft, later supplier deliveries, IT systems shutdowns, etc. As shown in Figure 1, a significant number of risks companies are exposed to have their root cause in entities located within their supply chain.
August 23, 2007
Medical products company moving to China
LARGO – Smith & Nephew will close the manufacturing facility that produces wound care produces and outsource its work force to China. If all goes as planned, the company’s news release said, the Largo plant will close in 2009.
August 22, 2007
Outsourcing isn't child's play
If you are one of those entrepreneurs yearning to join the global outsourcing bandwagon, think hard before you take the plunge. For, life isn’t a bed of roses there. If you fail to live up to quality standards and other pre-requisites set by the large companies and retailers, you could end up with huge losses.
August 21, 2007
Top 10 Reasons to Outsource posted by Christopher in Outsourcing, Best Practices |
1. Accelerate Reengineering Benefits
Reengineering aims for dramatic improvements in critical measure of performance such as cost, quality, service and speed. But the need o increase efficiency can come into direct conflict with the need to invest in core business. As non-core internal functions are continually put on the back burner, systems become less efficient and less productive. By outsourcing a non-core function to a world-class provider, the organization can begin to see the benefits of reengineering.
August 20, 2007
China product safety concerns have high stakes, far-reaching effects
First pet food. Then toothpaste and tires. Now toys.
The cascade of defective imports from China in recent months reached a peak last week when toymaker Mattel Inc. recalled nearly a million Chinese-made toys coated with toxic lead paint. The move prompted governments and corporations on both sides of the Pacific to scramble to fix the problem without slowing down the surging process of globalization or triggering a trade war between the United States and China - major powers whose economies are increasingly intertwined.
August 17, 2007
Supply Chain Localization
Shanghai - To call KFC China a "growth engine" is an understatement. During 2006, the number of KFC restaurants in China grew from 1,557 to 1,822. In fact, from 2004 to 2006, KFC China added over 270 new restaurants per year on average. Estimate for McDonald's recent growth are around 100 units per annum. The difference in the number of outlets between the two franchises is now one thousand restaurants, and growing. Many factors have contributed to the KFC China "growth engine," including product innovation, a well-tested new market/restaurant development system, a deep and growing pool of experienced restaurant management talents, and many others - all of which are listed in an upcoming book to be released this summer. Among these factors, the most important, and perhaps the least conspicuous, is the distribution/logistics system of KFC China.
August 16, 2007
You Know It's Time To Outsource Your Manufacturing Technology/Engineering Needs...
A Top Ten list of reasons why letting somebody else do it makes sense.
1. When maintaining internal capabilities is challenged, and limited only to the ability to find and retain personnel with expertise on process, engineering and technology.More...»
August 15, 2007
Blame U.S. companies for bad Chinese goods
Industry experts say U.S. companies need to monitor overseas factories more closely to prevent product safety lapses.
NEW YORK The second big toy recall from No. 1 toy maker Mattel this month will undoubtedly raise questions again about why these recalls keep happening and who's to blame. More...»
August 14, 2007
All Eyes Are On Outsourcing Providers In China
Francisco Partners' investment in DarwinSuzsoft and Sierra Atlantic's acquisition of ArrAy highlight increasing focus on Chinese outsourcing capabilities.More...»
August 13, 2007
AstraZeneca seizes opportunities in China Outsourcing has its advantages, but what happens to U.S. jobs? By GARY HABER, The News Journal
For AstraZeneca PLC, like many drug companies, China looms large in its future.
The pharmaceutical giant, one of Delaware's biggest employers, is expanding its operations in that country of more than 1.3 billion people.More...»
August 10, 2007
Surviving the Evolution of Outsourced Manufacturing
At a Glance As more and more manufacturing is outsourced, the changing nature of the industry is creating new demands for all parties. To succeed, the partners will need to become more deeply involved in each others’ businesses than ever before.More...»
August 9, 2007
Right diagnosis…..wrong prescription
Another day another story of product recalls from Chinese factories for health and quality issues, this time is 1.5 million toys for one of the worlds most renowned Toy Manufacturers Mattel’s Fisher Price division which has drawn enormous world wide media coverage and added more fire to fan the flames of the Anti-Outsourcing supporters.More...»
August 8, 2007
Key Supply Management Terms
Access — gaining use or potential use of something of value.
Acquisition — the act of obtaining which is much broader than buying. It includes identifying and creating strategies for seeking and using sources. It means developing appropriate relationships, acquisitioning methods and chain processes that range from traditional buying to that of enabling others in the organization to develop and manage the process efficiently and effectively. More...»
August 7, 2007
Position Your Global Sourcing Projects for Success
ISM Global Supply Management Conference September 20-21, 2007 offers essential information for supply professionals in the global arena More...»
August 6, 2007
The Top Five Rules of Doing Business in China
1.Be Flexible and Maintain Diversity of Sourcing
China is a great place to source consumer products, but there are still plenty of risks. Occasionally, manufacturers go bankrupt, which will create tremendous disruption if you're doing business with them.
Therefore, it's smart to be flexible and maintain some diversity when it comes to sourcing your consumer products. More...»
August 3, 2007
Getting it done
WORCESTER— While manufacturers across Massachusetts were cutting thousands of jobs last year, Columbia Tech was doing something unusual: Hiring. More...»
Aug. 2, 2007
More OEMs will outsource electronics manufacturing
Automotive, communications, medical and aerospace and defense industries will become more important drivers of the global electronics manufacturing services industry over the next few years, according to a new Frost & Sullivan report. More...»
August 1, 2007
The Outsourcing Upstarts
Parts of Eastern Europe, Africa, and the Middle East are vying to become new offshoring hubs -- and nudging aside established players
In 2000, when employment-screening service provider HireRight was looking for a low-cost locale for software development, the Irvine [Calif.] company turned to an unlikely destination: Estonia. More...»
July 31, 2007
Malaysia climbs the preffered outsourcing location ladder
Malaysia has been ranked as the fifth most preferred locations in the world for shared services and outsourcing (SSO), an improvement from its sixth placing last year, according to a study conducted by global consulting company Frost & Sullivan. More...»
July 30, 2007
Outsourcing could put you in harm's way
Turning a blind eye to product quality can be dangerous to your health. In June, the former head of China's food and drug agency became the ultimate object lesson: Zheng Xiaoyu, who ran the Chinese equivalent of the Food and Drug Administration for seven years, was executed for taking bribes and "dereliction of duty." More...»
July 27, 2007
The outlook on outsourcing
During the past few years, medical device manufacturers and diagnostic companies have significantly increased their use of contract manufacturers to outsource production of disposable sterile products. We define contract manufacturing as the hiring of an external company to manufacture products or sub-assemblies (where some value-added assembly occurs) for your company. The product is manufactured to your specification (your company controls the design and bill of materials), bears your company’s brand name and is sold through your sales channels. More...»
July 26, 2007
Moving up the scale
Persistent Systems on the outsourced product development scene.
People will buy components, sub-assemblies of software, rather than everyone writing everything from scratch.
The outsourced product development (OPD) industry in India, which is currently focused on cost arbitrage and process efficiency, is steadily moving into the ‘Built for Manufacturing or Design for Manufacturing,’ stage, says Dr Anand Deshpande, Chairman and Managing Director, Persistent Systems. More...»
July 25, 2007
Basic steps
With the proliferation of bad media coverage about Chinese made products, I thought it would be prudent to provide some basic considerations for companies considering outsourcing part of their manufacturing.
If you are currently looking for a company to help with outsourcing your manufacturing, there are a lot of things that you want to consider. Your company image and the quality of your products will partially be in the hands of this manufacturer, and you will want to make sure that everything is done up to your company’s quality standards! In addition, you will want to find a company that is easy for you to work with, and one that can meet the demands and requirements of your outsourced work, operating in a country that has a mature manufacturing and logistics base. Here are a couple of things to look for when outsourcing your manufacturing: More...»
July 23, 2007
Avoiding the pitfalls, reaping the benefits
Done properly, outsourcing is a powerful business enabler; done badly, it can be a nightmare.
When it comes to adopting new trends and business practices, Ireland tends to be a follower rather than a leader. This is certainly the case with IT outsourcing, which has been stubbornly slow to cultivate a strong following among Irish businesses. More...»
July 20, 2007
Outsource Manufacturing Internationally
Outsourcing the manufacture of products internationally to countries such as China has resulted in many companies being able to charge competitively lower prices for their goods. This creates a marketplace in which producers of similar goods must also seek cheaper and more efficient modes of manufacturing. Outsourcing the manufacturing aspects of your company may seem a daunting task, but may ultimately contribute largely to your company's bottom line. More...»
July 19, 2007
The Myth of the Platform Company
Are we in a brave new world in which countries with developed financial markets produce nothing, have no physical capital, run permanent trade deficits, and pay for it all with perpetually over-valued financial assets? Yes indeed, according to Charles Gave, Louis Gave, and Anatole Kaletsky (GaveKal) as told in their book Our Brave New World. More...»
July 18, 2007
Made in China?
In recent days the international media have been boiling with news of quality problems in products "made in China," on which words like "poisonous toothpaste," "shoddy tires", "lead toys," and "aquatic products containing anti-bacteria agents" popped up frequently. More...»
July 17, 2007
Manufacturing Outsourcing: Seven Common Pitfalls to Avoid
Original equipment manufacturers (OEMs), primarily small or mid-size, who wish to become more competitive through manufacturing outsourcing or who wish to gain greater control of their current manufacturing outsourcing efforts. More...»
July 16, 2007
Newsweek opens eyes, is shocked by view
Newsweek editors must have spent the last two decades shopping for eyeglasses. Either that, or they’re just plain dumb. How else to explain a cover story this week that has been apparent to anybody who bothered looking, but is breathlessly portrayed as a masterful stroke of investigative journalism at a magazine that proclaims to report on “your voices, every day"? Who have they been listening to? Reporter Melinda Liu gets it exactly wrong with this nugget: More...»
July 13, 2007
China: China On The Move
John Buyers of Stephenson Harwood explores some of the key issues surrounding China’s determination to be an offshore services giant.
The popular image of China is that of a low-cost, high volume manufacturing industry. According to a recent report commissioned by Microsoft, China’s $14 billion IT industry will overtake the UK’s in the next five years. So what are the factors that are coming into play which will make China an increasingly attractive destination for offshore services — and which will, in the near future, transform the economic paradigm of the Middle Kingdom and reinvent it again? More...»
July 12, 2007
Outsourcing continues to attract U.S. businesses
NEW YORK — Malcolm Elvey, board member of the Secaucus, New Jersey-based The Children’s Place listened intently as speakers from the Philippine Uniglobal Services Outsourcing talked about the merits of outsourcing finance, accounting and state-of-the art animation in Manila. More...»
July 11, 2007
Now two-way
Even as outsourcing to India continues to gain momentum, reverse outsourcing is slowly gaining ground too as Indian companies outsource their processes and information technology applications to foreign ones. As the CII president, Sunil Mittal, explained to his American interlocutors recently, his Bharti group has struck a billion-dollar deal with IBM, and Idea Cellular has entered into a $700 million deal, again with IBM. At a less obvious level, reverse outsourcing could also refer to Indian software majors sub-contracting a part of their work to a third country More...»
July 10, 2007
Outsourcing Manufacturing Spreads
Lean manufacturing is in, while vertical integration is out. That's why companies are outsourcing manufacturing—to stay focused and profitable. Should you jump on the bandwagon? More...»
July 9, 2007
FIVE THINGS: MADE IN CHINA
What's a little poison in your toothpaste? Despite recent product scandals, China's trade surplus with the rest of the world will hit $200-billion this year, and the country is now the world's third-largest manufacturer by dollar output, after the U.S. and Japan. But this is just a case of history repeating itself, Simon Beck writes More...»
July 6, 2007
Chrysler Chery-picks
The symbolism of Chrysler signing a deal in Beijing on the Fourth of July to outsource the manufacture of small cars to a Chinese company, Chery, appears weighty. But of what, exactly, is it symbolic? Of the rise of China and the decline of the United States? Or of a smart move by Chrysler to cut costs and take advantage of irreversible economic forces that will ultimately benefit everyone? More...»
July 5, 2007
Outsourcing Simplifies the Paperwork for Appliance Manufacturer Whirlpool
oven - appliance company outsources The old saying "the job's not finished until the paperwork's done" began to impact appliance manufacturer Whirlpool, a multi-billion dollar manufacturer of retail and commercial appliances. More...»
July 4, 2007
AstraZeneca makes latest outsourcing move in France
AstraZeneca has sold a manufacturing plant in France to a contract manufacturer who will continue to supply the drug giant with its products under a new outsourcing contract. More...»
July 3, 2007
Hypercom Reconfigures End-to-End Product Supply Chain to Drive Efficiency, Quality and Time-to-Market
Hypercom Corporation announced its intention to outsource its manufacturing and consolidate its assembly, software, repair and maintenance functions globally to drive improvements in product quality, quickly adapt to changing market needs and reduce costs. A number of these activities are already in process or substantially completed. More...»
July 2, 2007
A Naperville businessman learns firsthand why China is good for American business
I love China and so should you
BY GREG SHUGAR
I recently returned from China on my first business trip there. I was able to witness firsthand why China's surgence in the global economy is the best thing that ever happened to American businesses. More...»
June 29, 2007
Top Ten Outsourcing Survey
Executive Survey: The Outsourcing Annual Survey of Outsourcing End Users
Top 10 Reasons Companies Outsource
1. Reduce and control operating costs
2. Improve company focus
3. Gain access to world-class capabilities
4. Free internal resources for other purposes
5. Resources are not available internally More...»
June 28, 2007
Leveraging 3rd Party Service Provider for Captive operations.
A number of global and regional companies have set up captive centers in remote locations to cater to their back office, product development functions. Does this mean,“There is no opportunity for firms to work with 3rd Party Service Providers and capitalize strengths of such providers for internal operations benefit”? Not really!! More...»
June 27, 2007
Outsource Manufacturing in the Future
Outsourcing Manufacturing is one of the oldest industries in the technological world, but even the old has to continually implement new concepts and processes -- if it wants to maintain its competitive edge. General Motors, for example, fell behind Toyota in the auto market partly because of Toyota's more flexible manufacturing process. More...»
June 26, 2007
Outsourcing options? Look East, as in Eastern Europe
At times, OEMs and contract manufacturers appear to be obsessed with China, but Eastern Europe gets stronger by the year and should not be overlooked as a an outsource manufacturing locale. More...»
June 25, 2007
Outsourcing targets core jobs Offshore firms aiming to offer work that isn't just cheaper, but better
When economists debate the merits of outsourcing, they always invoke the early 19th-century thinker David Ricardo and his theory of comparative advantage of nations. More...»
June 22, 2007
Outsource industry the next big thing
DALIAN: China's IT services outsourcing industry could generate $56 billion in revenue and create 4 million jobs by 2015, becoming a new engine for the nation's economic growth, a report said. More...»
June 20, 2007
P&G looks to 'outsource' Woods Corners work
NORWICH – Procter & Gamble Pharmaceuticals has entered into contract negotiations with an unnamed global biopharmaceutical company for outsourcing the active pharmaceutical ingredient development work it conducts at its Woods Corners facility in Norwich. More...»
June 19, 2007
Is AMD going fabless?
Last Friday a couple of stories appeared at Forbes and Dow Jones that reported on a research note issued that day from Goldman Sachs analyst James Covello, holding the opinion that sometime in 2008, AMD will outsource manufacturing! More...»
June 18, 2007
Outsourcing testimonial
It’s always interesting to see testimonials and case studies of companies that directly attribute outsourcing and offshoring as a viable business strategy when fully understood, researched and implemented. This article taken from www.telegraph.com documenting the contrast in fortunes between IT services companies LogicaCMG and Xansa is an excellent example, More...»
June 15, 2007
CDC Corporation Opening New Development Center in China
Nanjing Development Center to Open Summer 2007 and To Employ More than 2,000 People
HONG KONG & ATLANTA--(BUSINESS WIRE)--CDC Corporation (NASDAQ: CHINA - News), a leading Global Enterprise Software and New Media Company, today announced that it is opening a new development center in Nanjing, China that will house more than 2,000 employees when fully staffed. More...»
June 14, 2007
Outsourcing, Best Practices
Our buzz word at the moment is ‘Best source’ rather than ‘outsource’ as too many SME’s are now suffering from outsource initiatives going pear shaped in China and India due to the ‘challenges’ of outsourcing to LCC’s (Low Cost Country’s) which may not be entirely suitable to their overall requirements and in-house resource capability to manage them successfully. More...»
June 13, 2007
Indian CIOs to Outsource Work?
Shortage of IT skills and inadequate Internet service may lead Indian companies to look to U.S. and other countries for outsourcing. More...»
June 12, 2007
Dell to outsource more to China, Taiwan and India companies
Dell Inc., the world's second largest maker of personal computers, said it will outsource more manufacturing to companies in Asia to cut costs and accelerate the introduction of new models. More...»
June 11, 2007
China Outsource Exhibition begins today
Dubai: For the first time, Dubai will witness the largest exhibition of Chinese suppliers at the China Outsource Exhibition that kicks off today.
Bill Janeri, general manager, Middle East, Global Sources, which is organising the fair, said the expo is designed to help importers, distributors, traders and retailers in the Mena region to buy direct from Chinese suppliers. More...»
June 8, 2007
BESTSOURCING
Outsourcing has taken a beating in the press recently with the hype surrounding the perception of mass job losses in the US and other developed countries to cheap labour costs in low cost countries. They also cite the fact that as these ‘mercenary’ companies strive to save costs, many outsourcing deals actually collapse due to the failure in realizing the expected levels of savings and/or mistrust of their service providers/vendors, implying that saving money is not a sound reason for outsourcing. They would have us further believe that Outsourcing is in decline due to these questionable cost savings and multiple complexities of working with service providers/vendors half a world away geographically and culturally. More...»
June 7, 2007
Outsourcing Turned On Its Head
The normal run of things these days is to send work such as manufacturing offshore. It is the rage of the day and with all the enthusiasm of the Alaskan Gold Rush. But not all companies march to this drummer. More...»
June 6, 2007
Catenate Sdn Bhd Outsource strategy blog goes live
Catenate: The high profile Malaysian Outsource Manufacturing Service Provider announces the launch of ‘Metagrobolize’ its Outsource strategy blog on Wednesday 25th April 2007. More...»
June 5, 2007
Outsourcing Versus Immigration
Outsourcing is not new, but its globalization is growing geometrically. In its first manifestation, it had been essentially a business strategy to lower the cost of labor; eventually, it became a way to move entire operations off-shore. More...»
June 4, 2007
Outsourcing your life
Sending work offshore has transformed the U.S. economy. Now, some families are tapping the same approach for personal tasks, getting them done for a fraction of what they'd cost at home. Taking your to-do list global. More...»
June 1, 2007
Gov't to maintain restraints on steel exports
The central government will continue to curb excessive growth of steel exports to reduce energy consumption and cut pollution, said the country's economic planner in a report issued on Wednesday. More...»
May 31, 2007
Machinery industry going like clappers
Output in China's machinery industry soared 32 percent year on year to 1.5 trillion yuan (US$196 billion) in the first quarter, according to the latest report from the National Development and Reform Commission. More...»
May 30, 2007
China to regulate natural gas imports from June 10
The Chinese government plans to introduce new measures on June 10 to regulate imports of natural gas in order to protect its three major gas importers from intense domestic competition. More...»
May 29, 2007
Trade surplus to exceed US$250b in 2007
China's trade surplus will reach US$250-300 billion in 2007, driven by the country's strong external demand, the top economic planner said on Tuesday. More...»
May 24, 2007
Chery's deal with Chrysler is on
China's Chery Automobile Co. said on Wednesday a framework deal with DaimlerChrysler AG (DCXGn.DE) to build Chrysler-branded cars was still proceeding, denying a German paper report it had been halted. More...»
May 23, 2007
Easing curbs on exports 'key' to cut trade deficit
China should push the United States during the Sino-US Strategic Economic Dialogue (SED) to lift controls on high-tech exports and ease trade protectionism, Chinese experts have suggested. More...»
May 22, 2007
Extra duties to be imposed
Ministry of Finance said Monday the country will impose extra export tariffs, while cutting import duties as of June 1 to narrow its widening trade surplus. More...»
May 20, 2007
Outsourcing to boost economy
NANJING: Outsourcing has become a fast-growing sector in the service industry and will contribute more to the province's economic growth in the next few years, said Zhang Weiguo, deputy governor of East China's Jiangsu Province. More...»
May 17, 2007
Stocks jump high, Shenzhen index breaks record
Mainland stocks saw another day of big jump today after yesterday's surge, moving out of the shade of the steep slump on Tuesday.
The Shanghai Composite Index opened higher and closed at 4,048.29, up 62.25 points or 1.56 percent from the previous closing. More...»
May 16, 2007
China hits high in steel output
China's crude steel output rose 16.5 percent in April to a record because of higher demand for the alloy used in buildings, automobiles, appliances and ships.
Production reached 40.3 million tons last month, the National Bureau of Statistics said in a statement yesterday. This broke the previous record of 40.2 million tons set in March, Bloomberg data showed.
"Robust domestic demand and exports boosted production, which were expected," said Xu Aihua, senior analyst at Beijing Antaike Information Development Co. "We are bullish on demand in this quarter because of a construction boom."
Steel product output rose 21 percent to 46 million metric tons last month, the bureau said. That compares with the record 47 million tons in March. China increased steel exports 33 percent to 7.16 million tons in April compared with a year ago. More...»
May 15, 2007
Non-ferrous metals prices surge
China's non-ferrous metals prices rose by 6 percent in April compared with that of last month and 16 percent higher over the prices a year ago, the People's Bank of China (PBOC) said Monday.
The country's overall corporate goods prices (CGP), reflecting the price changes of products traded by corporations and tracing overall price fluctuations, rose by 0.6 percent month on month in April and 4.6 percent year on year, according to the monthly CGP report released by the PBOC. More...»
May 14, 2007
GM China venture plans exports to Ukraine
General Motors Corp.'s flagship venture in China said on Monday it plans to export 10,000 of its Chevrolet Lova compact cars to Ukraine in its largest export deal to date, to tap the potential of the Eastern European market. More...»
May 13, 2007
$4.3b deal to narrow trade gap
A Chinese business delegation has signed deals worth $4.3-billion with US enterprises in a move to narrow the trade gap between the two countries and as a preparation for the upcoming Sino-US Strategic Economic Dialogue. More...»
May 10, 2007
Bohai Bay boom to oil sector
A newly-discovered oilfield in Bohai Bay is China's largest discovery of oil in over 40 years, says the China National Petroleum Corporation (CNPC). The Jidong Nanbao Oilfield has a reserve of one billion tons, or about 7.35 billion barrels.
Zhai Guangming, a professor at the Chinese Academy of Engineering and a well-known expert in petroleum exploration, said Bohai Bay may have other bigger oilfields, but they will be more difficult to find. More...»
May 9, 2007
China's shares prices kept bullish run on Wednesday as the benchmark Shanghai Composite Index stayed above the psychological 4,000-point mark at the close for the first time.
The record high came as investors shrugged off central bank governor Zhou Xiaochuan's earlier warning on potential stock bubbles.
The key Shanghai index, which covers both A- and B-shares, climbed 1.60 percent, or 63.07 points, to finish at all time high of 4,013.08 points despite profit taking brought down the index by 0.60 percent in the morning trade. More...»
May 8, 2007
Joint agreements the best choice for multinationals
After China entered the World Trade Organization (WTO), more top 500 enterprises are seeking expansion in China through cooperation.
Mcdonald's Corp together with China Petroleum & Chemical Corporation (Sinopec), one of China's three largest oil and gas firms, opened the first of two dozen drive-through restaurants in January this year, Beijing Youth Daily reported. More...»
May 7, 2007
GDP grows annual average of 9.67% from 1978 to 2006
China's gross domestic product (GDP) grew an annual average of 9.67 percent from 1978 to 2006, said Ma Kai, the minister of the National Development and Reform Commission.
"The annual growth rate was much higher than that of the world economy, which was about 3.3 percent on average in the same period", said Ma. More...»
May 6, 2007
Steel export to slow down in second half
China's export of steel would not maintain the high growth rate recorded in the first quarter, and would slow down in the second half of the year, owing to the shrinking demand internationally and reduced export rebates, according to a business insider.
Statistics with the China Iron and Steel Association show the country exported 14.13 million tons of steel in the first quarter, an increase of 33.26 percent from the same period last year. The export throughout the year would reach 57.3 million tons if estimated on the average daily export reported in the first quarter. More...»
May 3, 2007
Largest oilfield in 4 decades discovered
China's newly found oilfield in Bohai Bay has a reserve of one billion tons, or about 7.35 billion barrels, the largest discovery in the country over four decades, announced the China National Petroleum Corporation (CNPC) Thursday.
The oilfield lies in the Nanpu block of the CNPC's Jidong Oilfield in Caofeidian in Tangshan City, north China's Hebei Province, said the company. More...»
May 2, 2007
China projects 43% rise in 2007 trade surplus
China's aggregate trade surplus was expected to surge 42.8 percent from the end of last year to 254.03 billion US dollars in 2007 although exports might grow less rapidly, a forecasting agency of the Chinese Academy of Sciences (CAS) has predicted. More...»
May 1, 2007
China manufacturing activity grows most in 2 years
Manufacturing activity in China expanded at the fastest pace in more than two years in April, according to a survey of purchasing managers released today.
The Purchasing Managers' Index rose to 58.6 from 56.1 in March, the statistics bureau said in an e-mailed statement. That's the highest since the index started in January 2005. More...»
April 30, 2007
China's main stock index rose to a fresh all-time high
China's main stock index rose to a fresh all-time high on Monday, with sentiment buoyed by two spectacular listings, despite a hike in bank reserve ratios announced at the weekend. More...»
April 29, 2007
China to become world's 2nd largest trader
China will this year replace Germany as the world's second largest trader with 2.1 trillion U.S. dollars in foreign trade and may overtake the world's largest trader, the United States, by the end of the decade, says a senior Chinese researcher. More...»
April 26, 2007
Shanghai port ranks No.2 in containers
Shanghai handled 5.89 million cargo containers in the first quarter this year, an increase of 28.1 percent from a year before, ranking its throughput second in the world after Singapore for the first time, Jiefang Daily reported yesterday.
Singapore maintained its No. 1 position with throughput of 6.58 million 20-foot containers in the quarter, while the figure for Hong Kong rose 2.3 percent to 5.50 million containers, the report said. More...»
April 25, 2007
China revamps policies to rein in surplus
The Chinese Ministry of Commerce (MOC) will restructure its preferential export policies in an effort to rein in the nation's trade surplus, according to a media report Wednesday. More...»
April 24, 2007
China produces 46m tons of crude oil,495m tons of raw coal
China's National Bureau of Statistics has released the nation's output of major industrial products in first quarter.
According to the bureau, the country produced 494.9 million tons of raw coal between January and March, a growth of 14.8 percent year-on-year. The total included 177.8 million tons produced in March, up 10.3 percent. More...»
April 23, 2007
Shares up 3.5% to record in hectic trade
China's main stock index surged 3.53 percent to a record high on Monday, led by blue chips as well as the steel and coal sectors, as worries about an interest rate hike eased after jolting the market last week.
The benchmark Shanghai Composite Index ended at 3,710.886 points, which was also its intra-day high. Gainers far outnumbered losers by 828 to 57, and over 60 shares jumped their 10 percent daily limits.
Turnover in Shanghai A shares was massive at 182.1 billion yuan ($23.6 billion), up from Friday's 155.1 billion yuan and near a record 186.7 billion yuan hit last Thursday. More...»
April 19, 2007
Industrial added value up 18.3%
China's industrial output in the first quarter of the year jumped 18.3 percent over the same 2006 period, a government spokesman said Thursday.
The growth was 1.6 percentage points higher year on year and 1.7 percentage points higher than all of 2006, the National Bureau of Statistics (NBS) spokesman Li Jianchao told the press. More...»
April 18, 2007
Major portal for Chinese investment launched
Foreign businesses looking to tap the Chinese market have a new platform to seize business opportunities from April 18, following the launch of a portal giving them full access to over 1 million Chinese government purchasing organizations and more than 100,000 investment projects. More...»
April 17, 2007
China's economy probably grows 10.4%
China's economy, the world's fourth largest, probably grew more than 10 percent for the fifth straight quarter on booming exports and an investment rebound.
Gross domestic product expanded 10.4 percent from a year earlier, according to the median estimate of 24 economists surveyed by Bloomberg News, the same pace as in the fourth quarter. The statistics bureau will release first-quarter figures in Beijing on April 17. More...»
April 16, 2007
Mainland's stocks rise to record led by steelmakers
Chinese mainland's stocks rose to a record. Wuhan Iron & Steel Co led steelmakers higher after the company said it expects first-quarter profit to surge more than fivefold, according to Bloomberg. More...»
April 15, 2007
China has 59b tons of proven iron ore reserves
The proven iron ore reserves in China are 59.39 billion tons, according to the Ministry of Land and Resources.
The iron content of the reserves is 30 to 35 percent on average and 41.5 billion tons among the total reserves is magnetite, the ministry said in a statement posted on its Web site. More...»
April 12, 2007
Duty could open floodgate for more cases
The US Department of Commerce said it would levy a countervailing duty on made-in-China coated paper just before April 1.
It was not an April Fools' Day joke. These paper makers, who exported $220 million worth of products to the US market last year, have become the first Chinese victims of US countervailing charges. More...»
April 11, 2007
Export tax rebates on steel items to be cut
China will cut or cancel export tax rebates on more than 150 steel products from Sunday, in its latest effort to optimize trade structure, an industry association said yesterday.
The new policy has been approved by the State Council, or Cabinet, and will take effect from Sunday, it said. It's not immediately clear what are the current rebates on the affected products. More...»
April 10, 2007
US move to file trade cases against China 'not wise'
The Bush administration announced new trade cases against China on Monday over copyright piracy and restrictions on the sale of American movies, music and books, and in Beijing China expressed on Tuesday great regret and strong dissatisfaction at the decision. More...»
April 9, 2007
Stocks gain for 6th day
Chinese mianland stocks rose for a sixth day, with the key index exceeding the 3000 level for the first time. Shanghai Automotive Co paced automakers higher after a report showed the country's passenger vehicles sales rose last month.
"We prefer auto stocks, as the price-cutting strategy they adopt will provide a boost to their sales," said Sun Chao, an analyst at Citic Securities Co in Shanghai. More...»
April 8, 2007
Government to ban more export products, diesel oil on list
China will ban processing trade in more categories of chemical and resource products in the latest move to restrict the export of resource-intensive products and to balance trade. More...»
The 2007 Prohibited List for Processing Trade, which will take effect on April 26, bans processing trade firms from dealing in 990 products.
April 5, 2007
Steel demand growth to slow down
China will see a smaller growth in steel demand in 2007, according to an industry report issued by the National Development and Reform Commission. More...»
April 4, 2007
Will new tariffs hurt US consumers?
If the anti-subsidy duties are expanded to imports of consumer goods, this could raise costs for retailers and ultimately for consumers - CNN Money
Last week's abrupt 180-degree turn in U.S.-China trade policy is stirring up plenty of concern - and confusion - on either side of the globe. More...»
April 3, 2007
Copper demand to rise 10 percent
Charlie Sartain, chief executive for copper at Xstrata Plc, the world's fifth-largest miner, said the growth in China's demand for all commodities "is just phenomenal," and prices may rise for the next few years.
Demand for copper in the Asian country may increase 8-10% this year compared with 2006, Sartain said in an interview in Manila. "We do see, across all commodities, phenomenal growth," he said. More...»
April 2, 2007
Chengdu to focus on outsourcing industry
CHENGDU: This capital city of Sichuan Province will promote the outsourcing industry with the aim of making itself the leader in the field in central and western China.
To achieve the ambitious goal, it will tap the European, American, Japanese and South Korean markets and work hard to achieve $100-200 million in outsourced business this year and $500 million in 2010, Tang Hua, deputy director of the Chengdu bureau of commerce, told China Daily. More...»
April 1, 2007
Baosteel reports 2006 profits
The Baoshan Iron and Steel Co. Ltd., China's largest steel producer, said its net profits climbed 2.7 percent to 13.01 billion yuan (1.68 billion U.S. dollars) in 2006.
The report said the company reaped 157.79 billion yuan in sales income last year, up 24.6 percent from a year earlier. More...»
March 28, 2007
China to cut steel products export rebates
The Chinese government could release its new policy on reducing the export rebate rate for steel products as early as next month, the Shanghai Securities News reported on Wednesday. More...»
March 27, 2007
Mainland firms gain little from sourcing wave
Global companies have been sourcing from China for decades. From the last decade, however, a new wave of China sourcing, focusing on buying components from China or outsourcing production altogether to Chinese companies, has been catching on. More...»
March 26, 2007
Dana joint venture with Dongfeng Motor Co. Ltd. to product commercial vehicle axles in China.
Although Dana sold its engine hard parts business to MAHLE, it's still in the axle business in a big way. Today we have updated news on a Dana joint venture with Dongfeng Motor Co. Ltd. to product commercial vehicle axles in China. Here's the PR: More...»
March 25, 2007
China Exports Trouble, Too
The overall effects of a China slowdown could easily knock more than half a percentage point off global economic growth in 2007
March 19, 2007 issue - China, the so-called factory of the world, has just produced its newest product—a global stock-market correction. The 9 percent plunge in the Chinese stock market late last month was a shot heard around the world. The hows and whys of this contagion speak volumes to the new and important role China now plays in driving the global economy and shaping trends in world financial markets.
Story continues below ?advertisement More...»
March 21, 2007
FedEx set to deliver domestic service by June
HANGZHOU: FedEx Express, one of the world's largest air express companies, said yesterday it will launch domestic delivery services in China after entering the market over two decades ago. More...»
March 20, 2007
Major oil reserves discovered at Bohai Bay
China's top oil producing and offshore oil companies simultaneously unveiled major discoveries yesterday.
PetroChina announced it had discovered a "very rich" oil field at Bohai Bay the biggest in China in the past decade while CNOOC said it has an "exciting find", also in Bohai Bay. More...»
March 19, 2007
Shanghai Composite Index closes at 3,014.44 points
Shanghai's stocks advanced, led by Bank of China Ltd after it said 2006 profit rose more than 50 percent.
The Shanghai Composite Index, the most widely followed indicator of the Chinese stock market, rose 2.87 percent today to close at 3,014.44 points. The smaller Shenzhen Component Index climbed 1.59 percent to close at 8,276.80 points. Turnover on the Shanghai Stock Exchange amounted to 94.82 billion yuan (US$12.26 billion). More...»
March 16, 2007
China Eximbank supports steelworks
The Export-Import Bank of China (China Eximbank) has teamed up with Anshan Iron and Steel Group Corp to help the company with overseas investment and imports of advanced technology and equipment over the next three years. More...»
March 14, 2007
Arcelor Mittal may have to offer higher price for stakes of China's Laiwu Steel
The world's largest steel company Arcelor Mittal will have to offer a higher price of its 38 percent stake in China's Laiwu Steel Corporation, after the country's regulatory authority refused to approve the current offer, the China Securities Journal reported on Tuesday. More...»
March 13, 2007
'No short-term solutions to trade imbalance'
It will take time to adjust the trade imbalance between China and some of its trade partners, two high-level officials said yesterday.
"China wants to reduce its trade surplus, but we cannot imagine the issue being solved in the short term or by measures solely in the trade sector," said Commerce Minister Bo Xilai at a press conference on the sidelines of the annual session of the National People's Congress. More...»
March 12, 2007
Earlier promulgation of anti-monopoly law expected
Chinese political advisors have lambasted the monopolized power in some government agencies and state-run corporations, urging the anti-monopoly law to be passed at an earlier date. More...»
March 11, 2007
How to talk business in China
Tim Cole, a magician from Las Vegas, Nevada, met me in a Beijing coffee shop about two years ago and said he had been cheated out of US$127,000 because his Chinese business partner canceled several performances in violation of their contract. The partner also stuck Cole with the trans-Pacific shipping bill for the show equipment, he told me. More...»
March 7, 2007
Petrochemical prices to rise slightly
Petrochemical prices will rise slightly in China as companies resume production after the Spring Festival holiday, the China Securities Journal reported on Thursday.
Although prices of most petrochemicals were lower in February than in January because the domestic market slackened off around the holiday, they were still up year-on-year as a result of the rising international oil price. More...»
March 6, 2007
Stocks make a comeback
SHANGHAI: Led by financial stocks, the Chinese stock market rebounded for the second consecutive day after last Tuesday's big sell-off threw the market into a week of listless fluctuations.
The apparent recovery seemed to follow the lead of the New York stock market, which posted the biggest gains since July after US Treasury Secretary Henry Paulson eased concerns that rising mortgage defaults would undermine the economy. More...»
March 5, 2007
Yi Xianrong: China's stock market not world market shaker
Just a week ago, the Chinese stock markets plummeted. The Shanghai composite index plunged nearly 9 percent and the Shenzhen index dropped 8.5 percent. This was followed by drops in markets globally. More...»
March 4 , 2007
China to reduce trade surplus
China will strive to reduce its " excessively large" trade surplus to ensure the sustained development of both domestic economy and foreign trade, said Premier Wen Jiabao at the just-opened annual full session of the 10th National People's Congress (NPC) Monday. More...»
March 2, 2007
Nippon Steel to lift production
Nippon Steel Corp, the world's second-largest steel maker, may increase output at its joint venture in China with Baosteel Group Corp and Arcelor Mittal to meet demand from the country's auto makers.
"We are considering various options," Akio Mimura, president of the Tokyo-based company said yesterday after the Nikkei English News reported it may double production. More...»
March 1, 2007
Stocks advance after slump
China's stocks rose as some investors judged this week's tumble, the biggest in four weeks, as excessive. China Vanke Co, the nation's No. 1 property developer, led an advance by shares that had fallen the most. More...»
February 27, 2007
Shares recover from biggest plunge in 10 years
Chinese shares bounced back from the heaviest losses in ten years Wednesday, as the major index gained 3.94 percent. More...»
February 26, 2007
First price war expected for April
Visteon opts for Chinese parts
Sun Muzi, vice director of the automobile market research center of Sinotrust Group (Shanghai), said that there is a lot of uncertainty over the rapidly changing and developing Chinese auto market, but automobile market prices will continue to decline in 2007. More...»
February 25, 2007
China stocks begin New Year with record high close
SHANGHAI - Chinese shares closed at a fresh record high Monday, the first day of trading in following a weeklong Lunar New Year holiday, as metals companies surged on stronger metals prices. More...»
February 23, 2007
Holiday retail sales up 15%
The retail sales of consumer goods in China rose 15 percent year-on-year to 220 billion yuan (28.2 billion U.S. dollars) during the week-long Spring Festival holiday, said sources with the Ministry of Commerce on Saturday. More...»
February 22, 2007
CNOOC to invest US$3.6b in 2007
The China National Offshore Oil Corp, or CNOOC, said Thursday its total investment in 2007 is expected to exceed US$3.6 billion, up 19 percent year on year
More than 20 projects will start operation in the next few years, which include several oil blocks in coastal waters, according to a company official, who added that five will begin operation this year. More...»
February 21, 2007
China to produce 1,300 tons of gold More...»
China plans to produce 1,300 tons of gold and verify gold mine reserves of 3,000 to 5,000 tons in the five-year period between 2006 and 2010, according to the National Development and Reform Commission.
February 19, 2007
Electronic information products export expected to hit US$390b
China's export of electronic information products is expected to grow 14 percent year-on-year to 390 billion U.S. dollars this year, China's Ministry of Information Industry has predicted. More...»
February 18, 2007
China's automakers earn US$10b in 2006
China's automobile industry made a profit of 76.8 billion yuan (10 billion US dollars) in 2006, up 46 percent from the previous year, according to figures from the China Association of Automobile Manufacturers (CAAM).
A report by the CAAM said in 2006 China's auto industry sold 7.22 million auto vehicles, increasing 25 percent over 2005, and the country overtook Japan for the first time to become the world's second largest auto market. More...»
February 15, 2007
Energy consumption of China's steel industry down 8.8%
The overall energy consumption of China's major iron and steel enterprises fell by 8.8 percent in 2006 from the previous year, according to a report published by the National Development and Reform Commission (NDRC). More...»
February 14, 2007
China stocks surge above 3,000 in heavy trade
SHANGHAI - China's main stock index rose above 3,000 points for the first time on Friday and then fluctuated in a narrow range, as selling pressure on large caps increased whenever the index climbed far above that level. More...»
February 13, 2007
Auto output, sales up in January
Sales and output in China's auto industry nearly matched each other as both surpassed 700,000 units in January, according to the China Association of Automobile Manufacturers. More...»
February 12, 2007
Chinese mainland stocks advance for second day
Chinese mainland stocks rose for a second day, with the benchmark heading for a two-week high. China Vanke Co. led property developers higher after Poly Real Estate Group Co. posted a 62 percent increase in earnings for 2006.
"Real estate developers are delivering earnings that meet expectations," said Charlie Chen, who invests US$1 billion in Chinese stocks for Fortis NV. "The market is now more focused on earnings growth prospect for sectors." More...»
February 10, 2007
New oil pricing system fuels debate
No official announcement was made, but the NDRC recently confirmed that the long-awaited new oil pricing mechanism has been in effect "for quite a while".
The new system, designed to balance supply and demand of major oil products in the country, falls short of the expectations of some analysts as there is "no substantial change from the old system". More...»
February 9, 2007
Stainless steel plant begins trial run
GUANGZHOU: Lianzhong Stainless Steel Corp, which owns the largest Taiwanese-funded stainless steel mill in South China, started a trial run of its new plant in Guangzhou yesterday.
"After the shop officially opens, Lianzhong will be able to better integrate its products and strengthen our presence on the mainland steel market," said Li Bixian, president of the company. More...»
February 8, 2007
Trade surplus of US$15.5b seen
China will probably post a US$15.5 billion trade surplus in January, pumping more cash into the economy and fueling speculations that the yuan will get stronger.
Trade surplus growth predicted to slow to 6% More...»
February 7, 2007
Mining reserves of China Minnmetals records
China Minmetals Corporation saw record high of mining reserves last year, with near 600 million tons of iron and 385,000 tons of tungsten, sources with the company said Tuesday.
The total turnover of the company hit 18.9 billion U.S. dollars in 2006, the third year in a row with turnover exceeding 15 billion U.S. dollars, according to the annual company meeting held in here Tuesday. More...»
February 6, 2007
U.S. Import and Export Price Indexes
U.S. IMPORT AND EXPORT PRICE INDEXES
- DECEMBER 2006 -
The U.S. Import Price Index increased 1.1 percent in December, the
Bureau of Labor Statistics of the U.S. Department of Labor reported today.
The advance followed a 0.5 percent rise in November and was led by a 4.8
percent upturn in petroleum prices. Export prices rose 0.7 percent in
December, after increasing 0.4 percent the previous month. More...»
February 05, 2007
Chinese steelmaker IPOs
Chongqing plans to raise Yu1.01 billion
Chinese steelmakers Liuzhou Iron and Steel Group, and Chongqing Iron and Steel Co Ltd have both announced plans to list in Shanghai. More...»
February 2, 2007
China slows down investment in steel industry
Investment on fixed assets in China's iron and steel sector reached 260.3 billion yuan (about 33 billion U.S. dollars) last year, which Luo Bingsheng, vice-chairman of the industry's association, termed excessive. More...»
February 01, 2007
U.S.-China relations good, headed in a postive direction: Kissinger font size ZoomIn ZoomOut
Former U.S. Secretary of State Henry Alfred Kissinger struck an upbeat note on Tuesday when describing the current U.S.-China relationship.
Kissinger said the relationship was good and will continue to get better, as he inaugurated the Center on U.S.-China Relations at the Asia Society. More...»
January 30, 2007
Sino-S.African commerce increases 50%
BEIJING, Jan. 30 -- When Kobus van der Wath, business director of the South Africa-China Business Association (SACBA), came to China several years ago, he knew few people, but he has seen that change dramatically as bilateral trade between the two nations grows at about 50 percent per year. More...»
January 29, 2007
Shenzhen leads external trade
Shenzhen, an economic engine in south China's Guangdong Province, realized 237.4 billion U.S. dollars in foreign trade last year, a growth of 29.8 percent over the year-earlier level.
Trade surplus sees 74% growth
Opening in Shenzhen on the rise More...»
January 26, 2006
China-EU trade hits US$272.3 billion in 2006
The trade volume between China and the European Union (EU) rose 25.3 percent to hit 272.3 billion US dollars last year, the Ministry of Commerce (MOC) has announced.
China-EU trade accounted for 15.5 percent of China's total foreign trade volume last year, and EU remained the top trade partner of China, according to MOC statistics issued on its website. More...»
January 25, 2007
China to end tariff exemptions on some imported equipment
China's Ministry of Finance is to end tariff exemptions on 192 types of equipment imported for use in Chinese-invested projects from March 1.
The list of equipment to lose tariff-free status includes general machinery, smelting and mining machinery, packing materials and electronic devices, the ministry announced on Monday. More...»
January 24, 2007
Hong Kong Export Growth Probably Cooled on Slower China Trade
Hong Kong's export growth probably slowed in December for the first month in three as the city shipped less goods to and from China.
Overseas sales probably rose 12.1 percent last month from a year earlier after gaining 14.2 percent in November, according to the median estimate of 15 economists surveyed by Bloomberg News. The government will release trade figures at 4:15 p.m. today. More...»
January 23, 2007
China's CNPC lowers 2007 crude-oil output goal
BEIJING -- China National Petroleum Corp. (CNPC.YY), the country's largest oil company by capacity, has lowered its 2007 domestic crude oil output goal by 5% compared with last year.
The outlook revision could also portend higher overseas production or imports to make up for any domestic shortfall. More...»
January 21, 2007
Russian railway co. to invest RUB 2.5 bln in China
Russian state rail company OAO RZD will invest RUB 2.5 billion to meet its 2007 rail delivery target of 15 million tons of crude oil to China, reported China Petrochemical News.
Jan. 22, 2007 (China Knowledge) – Russian state rail company OAO RZD will invest RUB 2.5 billion to meet its 2007 rail delivery target of 15 million tons of crude oil to China, reported China Petrochemical News. More...»
January 21, 2007
Western Companies Caught Up in Chinese Bribery Inquiry
SHANGHAI, Jan. 19 — The police have detained 22 people in a bribery investigation that has ensnared several large companies, including ABB, McDonald’s, McKinsey & Company and Whirlpool, according to reports on Friday in the state-run news media.
The government did not announce formal charges, disclose who was detained or offer a full list of the companies involved. But the media reports said that the bribes totaled about $500,000 and that some officials were “company directors and senior employees.” More...»
January 18, 2007
It's Official: Chrysler, Chery in Chinese Import Pact
DETROIT — Malcolm Bricklin always imagined that Chery cars would be the first Chinese vehicles to be sold in North America. He probably didn't figure they would wear Dodge badges when they finally arrived.
Just before the new year, Chrysler cleared the first hurdle in its long-rumored deal with Chery, signing a letter of intent to collaborate with the Wuhu-based manufacturer on developing and building a new line of small cars primarily for North America, Europe and other export markets. More...»
January 17, 2007
EU, China sign cooperation agreements worth 62.66 mln euro
BEIJING (XFN-ASIA) - The European Union said it has signed three cooperation agreements with China worth around 62.66 mln eur.
The agreements involve the creation of a Europe-China School of Law, an acceleration of cooperation on the protection of intellectual property rights (IPR), and the launch of a Europe-China Business Management Training Project, the European Commission said in a statement. More...»
January 15, 2006
Commerce Minister: Huge trade surplus to be reduced
China will encourage imports and restrict exports this year in a bid to balance trade and ease the concerns of trading partners.
Containers await loading at Ningbo Port, in China's southeastern Zhejiang province. China must boost imports and cool exports in 2007 if it is to remedy a skewed trade imbalance that has strained relations with key trading partners the US and the EU, state press has reported.(AFP/File/Frederic J Brown) More...»
January 15, 2007
Mainland stock market to become world's 3rd largest
The yuan-denominted A-share market on the Chinese mainland will become the world's third largest stock market - only after the United States and Japan - in 10 years, said Hu Zuliu, general manager of Goldman Sachs Group (Asia) Ltd. More...»
January 12,2007
China strategy: a price war - the WTO column
Shanghai - Defining Chinese corporate strategies, as different from those in Japan, the US or Europe, has always been problematic. A Chinese miracle is taking place, so you would expect there should be tools and strategies, conscious or less conscious, that would define a Chinese way of doing business. All the time you know you are probably looking at the solution, but when you are in the middle of the mayhem, it might be hard to recognized. More...»
January 12, 2007
China now second largest vehicle market
Potential car buyers visit an auto market in Shaoyang, Central China's Hunan Province in this photo taken on October 21, 2006. [newsphoto/file]
China surged past Japan to become the world's No. 2 vehicle market after the United States last year as car purchases by newly affluent drivers jumped 37 percent, the Chinese auto industry association said Thursday. More...»
January 9, 2007
China edges closer to top export destination
China is on the cusp of becoming WA’s top export market.
A new report on the way WA’s trade relationship is changing says Chinese demand for key commodities such as iron ore, copper, natural gas and nickel will soon ensure China becomes the number one destination for the State’s minerals.
The Australian Bureau of Statistics found that China’s share of WA exports rose almost seven percentage points between 2003-04 and 2005-06. More...»
January 9, 2007
China Gov't tightens car export rules
The China government yesterday tightened requirements on domestic carmakers and trading companies to qualify for car exports.
From March 1, car exporters will have to apply for an export license from the Ministry of Commerce every year.
Automakers will be required to meet domestic manufacturing standards, get the compulsory CCC quality certification and provide after-sales service abroad. More...»
January 7, 2007
China woos foreign funds to keep market grow
China's securities watchdog is encouraging foreign pension and insurance funds to trade yuan-backed securities as part of its efforts to attract long-term investors to sustain healthy market growth.
"The (pension and insurance) funds are working well as long-term, steady institutional investors," said the fund supervision department of the China Securities Regulatory Commission, in a Website statement. More...»
January 6, 2007
Economy will remain robust after Beijing Olympics
The Chinese economy will remain robust after the 2008 Beijing Olympics as has happened in some other host nations, said renowned economist Li Yining.
China is only halfway to full industrialization and the thirst for investment will not subside when the Beijing Olympics closes, said Li at the ninth New Year Forum held in Beijing University. More...»
January 4, 2007
China's trade friction to continue
China will continue to face trade frictions in 2007 despite the government's cooling measures, says a report by the Chinese Academy of Sciences (CAS).
Exports will rise steadily and rapidly, notably in sectors such as textiles and televisions sets where China is highly competitive despite a slow-down in the long term, said CAS researcher Wang Taoyang, the chief compiler of the report. More...»
January 3, 2007
Google to buy stake in Xunlei
Google Inc, the most-used search engine, will buy a stake in Xunlei Networking Technology Co Ltd, a Chinese peer-to-peer file sharing network operator.
"We will announce the details of the deal tomorrow," said Xunlei spokesman Jackson Zhang. More...»
December 28, 2006
China's GDP is expected to grow 10.5% in 2006
China's gross domestic product (GDP) is expected to rise by 10.5 in 2006 over the previous year, said Yao Jingyuan, chief economist of the National Bureau of Statistics.
China's economy has maintained a "fast, steady and high-quality growth" this year, but efforts needed to be strengthened as bank loans were still expanding at a rapid pace, fixed assets investment remained high and the trade imbalance lingered, Yao said at the Chinese Economist 50 Forum. More...»
December 26, 2006
China to impose tariffs on more resource-intensive products
The Chinese government is to impose tariffs on exports of high-polluting, energy-consuming and resource-intensive products from January 1 next year.
They include stainless steel ingots, preliminary processed tungsten, manganese, molybdenum and chrome, said the Ministry of Finance on Tuesday.
China is running short of natural resources, making it difficult to fuel the high economic growth. The government has taken a slew of measures to prevent low value-added resource-intensive products from going abroad. More...»
December 22, 2006
China Coal pricing system could become more market-oriented
China will further improve its coal pricing system to make it more market-oriented.
Jiang Zhimin, vice-chairman of the China National Coal Association said: "Next year the coal and power companies may have more decision-making power over coal prices to make them market-oriented."
Domestic media reports had earlier said that next year's coal ordering conference, which is used to secure the coal supply to power plants for the coming year, would be cancelled. More...»
December 20, 2006
Industrial profits up 30.7% by end-November
China's industrial profits rose a robust 30.7 percent year-on-year in the first 11 months, said the National Bureau of Statistics (NBS) on Friday.
Related readings:
Growth of industrial output slows down
China's investment curbs starting to pay off
Logistics industry turnover grows
Beijing records growth in industrial production
The profits of Chinese industrial companies have accelerated this year, up 21.3 percent in the first quarter, 28 percent in first half, and 29.6 percent for the first three quarters. More...»
December 20, 2006
Rising steel exports not result of government policies
A senior Chinese trade official said yesterday that the nation's rocketing steel exports are a result of the bullish international market, rather than favourable government policies.
Related readings:
China's steel industry shows signs of cooling
China turns from net steel importer to net exporter
Nippon Steel, Baosteel mull tie-up
China moves to slash outdated iron, steel production
"It is strong demand and high prices in the international steel market, not China's unequal trade measures, that are boosting steel exports," Wang Shouwen, director of the foreign trade department of the Ministry of Commerce, told a steel industry forum yesterday in Beijing. More...»
December 19, 2006
China's steel industry shows signs of cooling
After four years of steady growth, China's steel industry has seen capital investment finally slow down this year.
Related readings:
China turns to net steel exporter
Steel industry to see 'slower growth?'
Nippon Steel, Baosteel mull tie-up
China moves to slash outdated iron, steel production
Industry commentators are divided over the significance of the cooling-off period with some hailing it as an "important signal" and others insisting it is only temporary. More...»
December 17, 2006
China expected to import 140 mln tons of crude oil
BEIJING, Dec. 16 (Xinhua) -- China's crude oil imports are expected to reach 140 million tons in 2006, up 10.2 percent on last year, according to the Ministry of Commerce (MOC).
Liang Shuhe, deputy director with the Foreign Trade Department of the MOC, said that China's demand for crude oil would total about 290 million tons this year, of which 48 percent were imports. More...»
December 14, 2006
Nation to pour US$127b into development of oil alternative
China will invest over one trillion yuan (about US$127 billion) in developing an alternative coal-based energy source to ease the country's dependence on oil imports, according to the National Development and Reform Commission (NDRC).
The project aims to produce 30 million tons of liquefied coal and 20 million tons of dimethyl ether (DME) by 2020.
Coal-to-olefin (CTO) output is expected to hit 8 million tons and coal methanol to reach 66 million tons. More...»
December 13, 2006
Exporters face more technical barriers
BEIJING, Chinese exports will encounter increasing technical barriers among major trading partners like the United States and the European Union in the coming years because of strict new rules on energy use and chemical content in those markets, a top official warned.
Although it is still too early to say what kind of impact such barriers would have on exports, they could be serious, said Li Changjiang, minister of the General Administration for Quality Supervision, Inspection and Quarantine (GAQSIQ). More...»
December 12, 2006
Minister warns of overseas investment risks
Chinese Minister of Commerce Bo Xilai yesterday urged Chinese enterprises to take precautions against economic, political and personal risks as they step up their investments in overseas markets.
Noting that global conditions have grown more complicated in recent years, Bo said: "I expect them (Chinese enterprises) to avoid disorderly competition while studying the global marketplace to sharpen their competitive edge," he said. More...»
December 11, 2006
U.S. benefits significantly from China's entry into WTO
WASHINGTON, Dec. 11 (Xinhua) -- A U.S. government report said on Monday that the United States has benefited "significantly" from China's entry into WTO during the past five years.
"The United States -- including U.S. workers, businesses, farmers, service providers and customers -- has benefited significantly from these steps (by China) and continue to do so as U.S.- China trade grows," said the annual report released by the U.S. Trade Representative Office (USTR). More...»
December 09, 2006
China's GDP to grow by 10.5% this year
China's gross domestic product (GDP) is estimated to exceed 20 trillion yuan (2.56 trillion US dollars) this year, up 10.5 percent over 2005, said Ma Kai, minister of the National Development and Reform Commission (NDRC), in Beijing on Saturday.
Related readings:
Greener growth top priority for policy makers
Economic boom 'set to continue'
Efficiency overtakes speed as primary goal
China's economy to grow slower next year
Addressing the national development and reform working conference, Ma said that the country's economy has been developing fast this year with good efficiency and low inflation. Stable economic operation has benefited the people and will power future development. More...»
December 7, 2006
China to open oil wholesale to foreign capital
BEIJING, (Xinhua) -- China's wholesale market for crude oil and refined oil products will be opened to foreign investment from 2007, under new regulations issued by the Ministry of Commerce (MOC).
Two regulations, on the crude oil and refined oil markets, would break the monopoly of state-owed enterprises in both sectors, said Chong Quan, spokesman of the MOC.
The government promised to open the market on Dec. 11 under its commitments to the World Trade Organization (WTO). More...»
December 6, 2006
U.S. to promote further trade relations with China, S Korea
WASHINGTON, Dec. 6 (Xinhua) -- U.S. Commerce Secretary Carlos M.Gutierrez said on Wednesday that he will visit Asia next week to promote further trade relations with China and South Korea. More...»
"Asia is a paramount region for U.S. trade. South Korea and China account for more than 60 billion dollars in U.S. exports which have grown nearly 28 percent in the last year. South Korea and China are huge export markets for us, and there's plenty of room to grow," said Gutierrez.
December 6, 2006
China plans to launch RMB option market
BEIJING, Dec. 6 (Xinhua) -- The Chinese government plans to launch an option market for its currency, the Renminbi (RMB), to help its banks avoid risks incurred by the partial flotation of exchange rates.
The Beijing News quoted an insider who refused to be named as saying the State Administration of Foreign Exchange (SAFE) was preparing for the launch following surges in the yuan's value. More...»
December 4, 2006
Banks expand China ATM networks
A man counts the banknotes he has just withdrawn from a China Construction Bank ATM machine in Hai'an, East China's Jiangsu Province.
A host of foreign banks are preparing to establish or expand their automatic teller machine (ATM) networks to tap into the huge opportunities offered by the opening of China's banking sector.
U.S. financial giant Citibank plans to increase the number of its ATMs on the Chinese mainland to 85 by the end of this year. More...»
December 03, 2006
China's top trade union leader pledges to expand exchanges with foreign trade unions
BEIJING, Dec. 3 (Xinhua) -- China's trade union leader, Wang Zhaoguo, met with leaders of international and foreign trade unions here on Sunday, calling for them to expand exchanges and contribute to the harmonious development of international trade union movement.
The foreign guests are here for the International Forum on Economic Globalization and Trade Unions (IFEGTU) 2006, which is to open on Monday. More...»
November 30, 2006
China, U.S. to hold first strategic economic dialogue on Dec. 14-15
BEIJING, Nov. 30 (Xinhua) -- China and the United States will hold their first strategic economic dialogue on Dec. 14 and 15 in Beijing, Foreign Ministry spokeswoman Jiang Yu announced on Thursday.
Vice Premier Wu Yi and US Secretary of Treasury Henry Paulson, both special representatives of the two heads of states, will co-chair the dialogue, Jiang said. More...»
November 30, 2006
China Coal kicks off Hong Kong IPO
BEIJING, Nov. 30 -- China Coal Energy Co, the country's leading coal mine operator, started its initial public offering (IPO) in Hong Kong yesterday, hoping to raise up to 1.7 billion U.S. dollars with a price range from 3.2 HK dollars(41 U.S. cents) to 4.05 HK dollars (52 U.S. cents).
China's second-largest coal group by revenue, is selling 3.25 billion shares, hoping to use 65 percent of the IPO's proceeds to improve capacity and pay off bank loans, the company said in its prospectus. More...»
NOVEMBER 28, 2006
Largest machine tool manufacturer to sell shares to foreigners
SHENYANG, Nov. 29 (Xinhua) -- China's largest machine tool manufacturer, the Shenyang Machine Tool Group Ltd, has made 49 percent of its company available for sale to both domestic and foreign buyers on the Shanghai United Assets and Equity Exchange.
The State-owned Assets Supervision and Administration Commission of Shenyang, the owner of the machine tool company, has decided to sell 49 percent of its equities and retain the remaining 51 percent, according to sources close to the commission. More...»
November 25, 2006
RMB breaks 7.85 mark against USD, Yuan's exchange rate in spotlight
The value of the Renminbi (RMB) against the U.S. dollar hit a new high on Monday, with the central parity rate at 7.8402 yuan to one dollar, breaking the 7.85 mark.
BEIJING, Nov. 27 (Xinhua) -- The value of the Renminbi (RMB) against the U.S. dollar hit a new high on Monday, with the central parity rate at 7.8402 yuan to one dollar, breaking the 7.85 mark. More...»
November 25, 2006
Mainland port firm prepares for HK offering
BEIJING, Nov. 25 -- China Communications Construction Co, the country's largest port builder, will sell shares worth as much as 240 million U.S. dollars to three investors, paving the way for its imminent initial public offering (IPO) in Hong Kong.
The State-owned company will earmark up to 12 percent of its public offering for the China Life Group, Hong Kong's New World Development and Singapore's GIC Direct Investments, sources familiar with the deal said on Friday.
"Each of the three investors will take shares worth 80 million dollars," the source said. More...»
November 20, 2006
CITIC planning Air China Cargo sale
BEIJING, Nov. 22 -- CITIC Pacific plans to sell its 25 percent stake in Air China Cargo, clearing the way for a merger between Air China Cargo and China Cargo Airlines, the biggest such deal in the nation's cargo sector.
The proposed link up would create a Chinese cargo conglomerate able to compete with the world's biggest carriers.
Rao Xinyu, board secretary of Air China Ltd, Air China Cargo's parent company, said that CITIC Pacific plans to sell its stake, "but we haven't reached any agreement yet." More...»
November 20, 2006
Top auto glass maker to sell stake to U.S. bank
Cao Dewang, chairman of Fuyao Glass Industry Group Co Ltd. The company plans to sell a 9.98 percent stake to U.S. investment bank Goldman Sachs. (Photo: Chinadaily.com) 2006 Beijing int'l auto exhibition
BEIJING, Nov. 21 -- U.S. investment bank Goldman Sachs has offered to buy a 9.98 percent stake in China's biggest auto glass maker, Fuyao Glass Industry Group Co Ltd, for 890 million yuan (113 million U.S. dollars).
Fuyao said yesterday it would issue 111.28 million new shares at 8 yuan (1 U.S. dollar) each in a private placement to an investment arm of Goldman Sachs.
Fuyao said it would use about 80 percent of the proceeds to settle loans.
The deal is subject to approval by the Ministry of Commerce and the China Securities Regulatory Commission. More...»
November 19, 2006
Vice premier: China to continue auto export expansion
BEIJING, Nov. 19 (Xinhua) -- China will continue to expand auto export while strengthening the technology innovation and brand building, said Chinese Vice Premier Zeng Peiyan here on Sunday.
Chinese auto companies should bring in advanced technology and management expertise, enhance their research ability and build up their own brands, said Zeng when visiting the 2006 Beijing automotive exhibition. More...»
November 15, 2006
China still gives tax preferential treatment to foreign-funded banks
BEIJING, Nov. 16 (Xinhua) -- After the full openness of China's banking sector, China will continue to give tax preferential treatment to foreign-funded banks that have been locally incorporated.
Song Dahan, deputy director of the Legislative Affairs Office of China's State Council, made the remark here Thursday when responding a question from the press.
"Those foreign-funded banks that have been locally incorporated and registered in China are still foreign-funded banks, so they will enjoy preferential treatment in income tax according to Chinese law," he said. More...»
November 14, 2006
China warns investors of new environmental controls
BEIJING, Nov. 14 (Xinhua) -- China's environmental watchdog has warned investors to avoid heavily polluting or energy consuming projects in the run-up to new government measures on investment access criteria.
The measures focused on environmental protection and would expand the authority of environmental protection officials in assessing project plans, said State Environmental Protection Administration (SEPA) deputy director Pan Yue.
The SEPA would change the existing examination and approval system for investment projects, he said. More...»
November 13, 2006
No change in policy toward foreign reserves
The governor of the People's Bank of China said last Friday that his country has no plans to change its policies toward foreign exchange reserves.
Speaking on the sidelines of a conference hosted by the European Central Bank, Zhou Xiaochuan said, "We stick to the existing policy."
He added that the Chinese central bank had experienced "many years of diversification policy." More...»
November 13, 2006
U.S. trade chief to debate IPR, deficit with China
BEIJING, Nov. 13 --U.S. Commerce Secretary Carlos Gutierrez is scheduled to visit China this week in search of business opportunities and possible partnerships with Chinese companies.
Sources said the U.S. trade chief will meet his Chinese counterpart Bo Xilai and Vice-Premier Wu Yi and tackle burning issues like trade imbalance and intellectual property rights.
Gutierrez is bringing to China a "high-powered mission" including representatives from 25 U.S. firms from a broad range of industries such as electronics and pharmaceuticals. More...»
November 9, 2006
China's trade surplus hits record
$23.8 BILLION REACHED IN OCTOBER AS IMPORT GROWTH FALLS ON GOVERNMENT EFFORT TO CURB INVESTMENTS
BEIJING - China said Wednesday that its politically sensitive trade surplus hit a record high in October as exports soared and import growth fell amid government efforts to rein in an investment boom.
The surplus in October jumped to $23.8 billion, up 27 percent from the previous high of $18.8 billion in August, according to the General Administration of Customs. More...»
November 8, 2006
China's import volume to exceed US$500 bln this year
China's import volume this year is to exceed 500 billion US dollars, Chinese Minister of Commerce Bo Xilai told some foreign guests attending the ongoing China-ASEAN Expo held in Nanning ,capital city of southern Guangxi Zhuang Autonomous Region.
During the expo, Bo met respectively with Indonesian Minister of Trade and Industry Marie Elka Pangestu, Brunei Minister of Industry and Primary Products Resources Pehin Dato Abdul Rahman and Thai Deputy Minister of Commerce Anutin Charnveerakul. More...»
NOVEMBER 8, 2006
WTO push to be "win-win" for China, world
BEIJING, Nov. 8 -- China's efforts to meet its World Trade Organization (WTO)
commitments will be a win-win for the nation's economy and for the rest of the world,
said high-level Chinese and U.S. officials at a forum yesterday.
"Good start, good performance and more to do is what I could say about China's
entry into WTO and the way ahead," said Robert Poole, vice-president of China
operations at the U.S.-China Business Council. More...»
November 7, 2006
Report: Chinese economy shows signs of "soft landing"
BEIJING, Nov. 7 (Xinhua) -- China's overheated economy is showing signs of making a "soft landing", thanks to the government's macro control policies, particularly the tightening of land and credit supply, a government think tank said in a report.
"Our view is that the policies and measures taken in the latest round of macro control moves are appropriate and effective, and that the economy is likely to make a soft landing," says the report composed by the economic research institute under the National Development and Reform Commission, China's top planning body. More...»
November 2, 2006
China-made Christmas gifts shipped to UK
FELIXSTOWE, Britain, Nov. 4 (Xinhua) -- The world's largest container ship, loaded with nearly 45,000 tons of China-made Christmas presents and fare for the holiday season, arrived Saturday in Felixstowe in southeastern Britain's Suffolk.
The Emma Maersk, 400 meters long (1,300 Ft), 56 meters wide and 60 meters high, cruised into the UK's biggest deep-water harbor. The ship, dubbed the SS Santa, will unload more than 3,000 containers for supermarkets and stores before heading to Netherlands for its mainland Europe Christmas gifts tour.
The SS Santa, loaded with 11,000 containers of crackers, DVD players, toys, puzzles, lamb meat, clothes and even pet food, was greeted by hundreds of British from the harbor town and other parts of the country. More...»
November 2, 2006
2006 China's auto imports up 55.4 pct in 3Qs
BEIJING, (Xinhua) -- China imported 5.43 billion U.S. dollars worth of motor vehicles in the first three quarters, up 55.4 percent year on year, according to latest figures from the General Administration of Customs (GAC). The country imported a total of 165,000 motor vehicles between January and September, a rise of 43.2 percent on the same period of last year.
The country imported 78,000 sedans in the period, up 44.2 percent year on year. Cross-country vehicle imports grew 37.3 percent to 65,000 units. Imports from Europe and the United States totaled 88,000 units, compared with 49,000 units from Japan and 26,000 from the Republic of Korea. More...»
October 31, 2006
China to resume development of major Iraqi oil field
BEIJING, Oct. 31 (Xinhua) -- China National Petroleum Corporation (CNPC), China's largest oil producer, is preparing to resume exploration of the Ahdab oil field in Iraq.
According to the Shanghai Securities News, representatives from both the Chinese and Iraqi governments will begin discussions on the development of the oil field next month.
The Ahdab oil field has an estimated reserve of one billion barrels. The CNPC first signed up to explore it in 1997, during Saddam Hussein's regime. More...»
October 29, 2006
China's foreign exchange reserves set to surpass 1 trillion USD
China's foreign exchange reserves look set to hit the 1 trillion U.S. dollars mark at the end of this month or beginning of November.(File Photo)
BEIJING, Oct. 30 -- China's foreign exchange reserves look set to hit the 1 trillion U.S. dollars mark at the end of this month or beginning of November. But as the figure rises, so does the debate over how to best manage it.
The reserves, already the world's biggest, surged to 987.9 billion dollars at the end of September, largely driven by a burgeoning foreign trade surplus and massive inflow of foreign direct investment (FDI).
In the first nine months of the year FDI stood at 42.59 billion dollars, although this was a 1.52 per cent drop year-on-year. More...»
October 27, 2006
China, U.S. firms jointly produce light helicopters
NANCHANG, Oct. 29 (Xinhua) -- Two Chinese and U.S. aircraft companies will cooperate in producing 200 light helicopters annually since 2007, according to an agreement signed by the two firms on Sunday.
The Jiangxi Changhe Aviation Industry Co., Ltd will both produce parts and complete the assembling of 200 S300C and S300CBI helicopters for the U.S.-based Sikorsky Aircraft Corporation from next year, the agreement said.
The S300C and S300CBI types are two or three-seat piston helicopters widely used for training, patrol or scout. More...»
October 26, 2006
China and France on Thursday signed a joint statement
BEIJING, Oct. 26 (Xinhua) -- China and France on Thursday signed a joint statement and 14 cooperation agreements ranging from aviation and nuclear power utilization to the prevention of infectious diseases.
Chinese President Hu Jintao and visiting French President Jacques Chirac both agreed that the Sino-French relations have become "an example" for friendly cooperation among countries with different historical backgrounds, cultural traditions and development stages. More...»
October 24, 2006
Boeing report: China to purchase 2,900 new planes in next 20 years
SHANGHAI, Oct. 25 (Xinhua) -- China's airline operators plan to spend 280 billion U.S. dollars to purchase 2,900 new airplanes over the next twenty years, according to a forecast made by the Boeing Company here on Wednesday.
By 2025, China will become the world's fastest-growing airplane market and the world's second biggest civil airplane market after the United States, said the Boeing report.
With the rapid expansion of travel and cargo market, the number of airplanes in China will quadruple to 3,900 in 2025. More...»
October 23, 2006
China's iron ore imports slow down
BEIJING, (Xinhua) -- China is still importing shiploads of iron ore but imports are slowing down.
While imports for the first nine months of the year were up a hefty 24.2 percent on the same period last year, this is the first time since 2003 that the import growth rate has dipped under the 30 percent bar, a senior commerce official told Xinhua on Tuesday. More...»
October 23, 2006
Report: China to become world's 3rd largest auto producer
www.chinaview.cn 2006-10-23 20:10:16
BEIJING, Oct. 23 (Xinhua) -- PricewaterhouseCoopers predicts that China will produce 5.4 million units of automobiles this year,overtaking Germany to become the world's third largest automobile manufacturer after the United States and Japan. More...»
October 22, 2006
China to loosen control on RMB gradually
China will loosen controls on its currency gradually and should step up development of financial tools such as derivatives to help banks and companies cope with a more flexible exchange-rate system, offcial of the People's Bank of China said.
China needs to develop new financial tools and enhance financial reform to help remove the burden on its financial system,said the official from Central Bank. More...»
October 20, 2006
ICBC draws 420 bln HK dollars in share offer
HONG KONG, (Xinhua) -- The Industrial and Commercial Bank of China (ICBC), the largest Chinese commercial bank, received 77 times of orders and froze 420 billion HK dollars (53.9 billion U.S. dollars) in its issue of initial public offering (IPO) ended Thursday in Hong Kong, sources said Friday.
The ever largest IPO of Chinese banks started simultaneously on Monday in Hong Kong and Shanghai, the first time for a Chinese company issuing A and H shares at the same time.
The IPO taking place in Hong Kong is part of ICBC's global capital raise with 35.39 billion IPO to the overseas market, among which about 1.77 billion for Hong Kong's individual investors. More...»
October 18, 2006
China's arbitrations on trade disputes widely accredited
BEIJING, (Xinhua) -- Arbitrations made by China on international trade disputes are accepted and enforced in more than 20 countries and regions including the United States and Japan, China's key trade partners, chief of the country's trade promotion council said Wednesday.
"China's arbitration results have gained high credit globally," the China Council for the Promotion of International Trade (CCPIT) chairman Wan Jifei said to Xinhua, pointing to more than 10,000 cases submitted to arbitration by China over the past five decades.
China set up a foreign trade arbitration committee as early as 1956.
According to Wan, nearly all -- more than 99 percent -- of the arbitrations made by the Chinese mainland are enforced in Hong Kong.
China requires its trade arbitrations be "independent" -- without government intervention. "Justness lays the basis for arbitration, while high efficiency is another must," said an expert with the nation's international trade arbitration committee. More...»
October 17, 2006
Hyundai to recall almost 100,000 cars in China
BEIJING, Oct. 17 (Xinhua) -- The China joint venture of South Korea's carmaker Hyundai Motor will recall 98,559 locally made cars to fix defects, the company announced on Tuesday.
According to Beijing Hyundai Motor Company Ltd., all the cars belong to its Elantra and Sonata series and were manufactured between October 1, 2004, and March 22, 2005.
The company said the cars have ignition system problems.
Beijing Hyundai said it will telephone or send letters to inform the car owners. The owners can also call 800-810-1100, 010-89488100 or contact the company's local service centers for more repair information. More...»
October 17, 2006
Banking investment set to skyrocket
BEIJING, Oct.17 -- Around 45 billion yuan (5.7 billion U.S. dollars) in insurance capital could flood into China's banking sector after the nation's top insurance watchdog unveiled a package of investment rules Monday.
According to detailed rules issued by the China Insurance Regulatory Commission (CIRC) for insurers' equity investment in banks, insurance institutions could invest no more than 3 per cent of their total assets in State-owned commercial banks, joint-stock commercial banks and city commercial banks. More...»
October 15, 2006
Foreign venture capital eyes China's high and new technology industries, SoftBank
HANGZHOU, Oct. 15 (Xinhua) -- More foreign venture capital will pour into China's promising high and new technology industries in the coming five to ten years, said SoftBank Corporation.
Dr. Alan Song, vice president of SoftBank China Venture Capital, said that foreign capital will enter new emerging information technology industries covering 3G products and services, digital TV, IP TV, and broadband value-added services.
Mr. Song, while attending the China Informatization Forum held in east scenic city of Hangzhou on Sunday, said that in the next five to ten years, China's economy will continue to grow at an annual rate of 7 to 12 percent, making it a hot investment destination for foreign venture capital. More...»
October 12, 2006
China's trade surplus in 3 Qs reaches 109 bln USD
China's trade surplus in the first nine months amounted to 109.85 billion U.S. dollars, breaking the annual record set last year.
BEIJING, Oct. 12 (Xinhua) -- China's trade surplus in the first nine months amounted to 109.85 billion U.S. dollars, breaking the annual record set last year.
Statistics released Thursday by the General Administration of Customs showed that the trade surplus slipped slightly to 15.3 billion dollars in September from the monthly record of 18.8 billion dollars in August. More...»
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