Apr 17 2012, no 193

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Highlights from this issue:

TOP STORIES
- Finnish Stora Enso invests EUR 1.6bn in board and pulp mills in Guangxi. "For this expansion, we will use raw material from the local plantations," says Lauri Peltola, Stora Enso's EVP Global Identity, explainning the paper and pulp giant's plan to set up a paperboard capacity of 900,000 tonnes per year, with 120,000 ha of self-managed eucalyptus plantations in South China's Guangxi. (Page 2) Read more here

- China doubles the trading band of the yuan against the US dollar since mid-April, a move that shows Beijing's confidence on both the soft-landing of the economy and its claim that the yuan is close to its equilibrium value. (Page 15)

MANUFACTURING
- Danish Aluwind sets up 10,000 sq.m plant in China for wind products
- Manufacturing PMIs show hard time at SMEs, big companies better off 

FINANCE
- Finns' Pohjola as 1st EU bank to exchanges desks with Bank of China
- HK's Hang Seng sets up 1st JV securities advisory firm in Guangdong
- New bank credits top RMB 1 trln in Mar, investment seen to speed up   

PROPERTY & CONSTRUCTION
- Scania gets another big order for 435 trucks from China's Zoomlion
- Caterpillar plans further expansions in China for heavy machinery  

ENERGY & RESOURCES
- Norway's Seadrill orders 4th tender rig at China's Cosco Nantong  
- Vestas wins 50 MW wind turbine order from Guangdong Nuclear Power
- Danish Paper: Vestas could be acquisition target of Chinese rivals  

TRANSPORT & LOGISTICS
- Ford expands capacity in Chongqing with USD 600m amid sliding sale
- Auto sales rebound 1% in March, positive outlook for 2012 growth    

FOOD & AGRICULTURE
- Fonterra to set up 2 more cow farms in China, investing NZD 100m
- Coca-Cola opens biggest bottling plant in China, investing RMB 1bn 

IT & TELECOM
- US luxury chain Neiman Marcus to tap into China through online shop

RETAIL & SERVICE
- Danish Jysk in think mode after poor China entry, but not to leave
- Western hoteliers eager to create Chinese-tailored hotel brands

ECONOMY & POLITICS
- GDP slows to nearly 3-year low in Q1, signs of improvement in Mar
- China returns to trade surplus in March, weak import worrisome 

KEY FIGURES pages 19-21
- Wages, inflation, consumer price index, producer price index, industrial output, construction price index and construction volumes, real estate prices and transactions, retail trade, sentiment indicators, currency, credit, interest rates, money supply, stock exchange, foreign trade, current account, GDP, FDI, regional data and key economic data forecast 2012-2013.

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