Sep 4 2012, no 200
04.09.2012, 21:03
Highlights from this issue:
TOP STORIES
- Swedish HP Power to get funding from China Power Int'l for wind prototype. "We will have a finalised plan for the prototype ready by Q2 2013 and then we will start to build it. China Power International will buy this and put it into operation. They are not buying the technology, just the actual prototype," says Bertil Moritz, co-owner and CEO of HM Power, as the Swedish technology company has been working on a concept for floating foundations for wind power for five years. (Page 6) Read more here
- Maersk Line starts 2nd link for Gothenburg-China. "We believe that there is a demand for broader coverage of Chinese ports," says Kenneth Søegaard Nielsen, head of Trade and Marketing, Maersk Line Scandinavia, as the shipping firm extends to cover more Chinese ports for its Gothernburg-China loop. (Page 8)
- Both manufacturing PMIs indicate another slow month for August: China's official manufacturing PMI sinks below 50 for the first time in 9 months; the HSBC PMI slumps to a 41-month low. (Page 3)
MANUFACTURING
- Sweden's Elekta wins largest ever China order for cancer treatment
- Baosteel warns of "hardest time" in Q3, raw steel output up in Jul
FINANCE
- Bad loans on rise for 3 quarters in a row in Q2, bank growth slows
- PwC: China's IPO market cools down in H1, may lose its no 1 title
PROPERTY & CONSTRUCTION
- Beijing office rents keep increasing in Q2, other big cities mixed
- Local governments plan massive RMB 7 trln stimuli, funding in doubt
ENERGY & RESOURCES
- Danmark's Bach shuns Chinese wind market, China plant for export
- BASF plans another JV with Sinopec, boosts auto coatings capacity
TRANSPORT & LOGISTICS
- Volkswagen builds EUR 230m transmission plant despite controversy
FOOD & AGRICULTURE
- Arla Foods' partner Mengniu expands dairy capacity, H1 net slumps
IT & TELECOM
- Danish Bang & Olufsen to get DKK 177m funding for China expansion
- Huawei ends concept phone development in Sweden, moves to China
- Denmark and China in patent pact, easier for patent applicants
RETAIL & SERVICE
- Swedish fashion brand Björn Borg opens 1st Asia store in Shanghai
- Non-manufacturing PMI fares better in August, brings more hope
ECONOMY & POLITICS
- China's trade with Nordic countries slows in Q2, still robust
- Hong Kong economy remains tepid in Q2, 2012 outlook revised down
KEY FIGURES pages 16-18
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.