May 18 2010, no 153
18.05.2010, 20:11
Highlights from CHINA no 153:
TOP STORIES
- Swedish industrial giant Atlas Copco has taken the opportunity on the Shanghai World Expo to sign compressor orders worth SEK 100m with key customers including PetroChina. "China is an important market for us, and our many activities at the World Expo in Shanghai will help us to strengthen these relationships even further," says Stephan Kuhn, a senior official at Atlas Copco. (Page 2)
- Danish sourcing company China Sourcing helps a Danish client to source the manufacturing of 175 containers to China.developer CNPE in order to sell more risk management software to Chinese nuclear power houses. ""This kind of container is extremely labour intensive and our supplier is very professional," says Martin J. Skov, owner of China Sourcing. (Page 10-11)
- China's housing prices have not budged in spite of all the dampening measures by the central and regional governments. The risk of an ever inflating housing bubble may prompt China to take harsher measures, including hikes of interest rates which may also help curb acceleration consumer inflation. (Page 6 and 16)
MANUFACTURING
- Sweden's SKF launches hi-tech centre in China, promises thousands of new jobs
- German chemicals firm Lanxess expands eagerly in China after Q1 result surges
- China's industrial growth slow mildly in April, may be better for economy
FINANCE
- Chinese shares post biggest fall this year in mid May, to keep sliding
- China's new loans rebound but money supply cools in April
- Foreign banks pick rivalry from Chinese lenders as top challenge for the first time
FOOD & AGRICULTURE
- US brewery Molson Coors controls China JV with USD 40m, aims more beer sales
- China's ban on Argentine soybean oil set to push soybean import up to recore high in 2010
PROPERTY & CONSTRUCTION
- New housing price in big cities grows at five-year record pace in April despite cooling
- Fixed asset investment eases in April, but still very robust
RETAIL & SERVICE
- Japanese clothes chain Uniqlo opens its biggest shop in Shanghai, rivals H&M and Bestseller
- China's retail sales speed up in April, shows economy in better shape
- Canton Fair sees more buyers and deals in spring, but Europeans held by volcanic ash
IT & MEDIA
- Electronic readers set to boom in China, domestic brands are still market leaders
- China's chip sales recover in Q1 and reverse downfall in 2009
TRANSPORT & LOGISTICS
- APM Terminals leaves Taiwan's biggest port Kaohsiung, sells to Koreans
- Chinese electric cars mycar to be tested on Danish island Bornholm
- PSA Peugeot Citro?n ties with Chang'an for 2nd China JV amid new wave of auto expansion
- China's sizzling auto market shows first sign of slowing in April
ENERGY & ENVIRONMENT
- Spanish Gamesa sets up fifth plant in China for wind turbines, also expands in wind farms
- China buys record high crude oil in April, refining capacity on the rise
ECONOMY & POLITICS
- China's trade returns to surplus in April after deficit in March, to bring more pressure on RMB
- Consumer inflation speeds to 18-month high and nears Beijing's guardline of 3% in April
- Foreign investment accelerates in April, EU and US invest more in China
KEY FIGURES
- GDP and GDP forecast for 2010-2011, industrial output, inflation, consumer price index, current account, currencies, foreign trade & investment, regional data, retail trade, money supply, net lending and auto sales.