Koffiekamer Terug naar discussie overzicht

China nieuws berichten

1. voda 21 maart 2018 20:49

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Ford tries to rebuild trust with China partners
   
   Reuters reported that after 20-odd years of "marriage" in China, Ford Motor Co is having relationship issues. The US automaker, losing ground in the world's largest car market, is trying to maintain trust and respect in its partnerships with Changan Automobile Group and Jiangling Motors Group (JMC), putting pressure on sales efforts, according to four sources at Ford and its China joint ventures.
   
   One of the sources said that "Changan and Ford have already been married for (nearly two decades) but we still don’t trust each other.”
   
   In an effort to improve relations and reverse a recent sales slump, Ford is preparing for a new product blitz and a campaign to localize management in China, according to Mr Peter Fleet, head of Ford's Asia-Pacific operations.
   
   Ford sales fell 6 percent last year even as overall vehicle sales in China rose 3 percent. Sales during the first two months of this year are down 23 percent.
   
   Mr Fleet said the company was looking beyond the sales numbers to focus on "structural priorities". "I think our partnerships are in good shape, and I want them to be even better,” Mr Fleet said in an interview with Reuters.
   
   It will likely take Ford until next year, when the first of the wave of new vehicles arrives in showrooms, to start regaining momentum in China.
   
   He said that “This year will be a bit like going through a tunnel. We have to get through 2018.”
   
   By 2025, however, Fleet says the U.S. automaker plans to boost China revenue by 50 percent from 2017 levels, largely by launching more than 50 new or redesigned products. Those new cars include 15 electric vehicles.
   
   Source : Reuters
2. voda 21 maart 2018 20:51

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Chinese electric-vehicle makers shakeup looms
   
   Bloomberg reported that China’s breakneck push to lead the world in electric-vehicle adoption may cause collateral damage among the legion of domestic carmakers deemed superfluous to that mission. A flurry of manufacturing and technology alliances plus an investment in Daimler AG by auto magnate Li Shufu valued at EUR 7.3 billion point to the urgency among Chinese carmakers to bulk up their new-energy vehicle businesses before the rules of the road change.
   
   President Xi Jinping’s administration is implementing NEV production quotas, targeting a seven-fold increase in NEV sales and considering a ban on gas guzzlers as China tries to clear the air in polluted cities and cut its reliance on imported oil. Carmakers that can’t keep pace may not be around for long, and that applies to the biggest state-owned companies as well as smaller, regional manufacturers.
   Workers assemble electric cars on the assembly line at an auto plant in Guizhou province.
   
   Janet Lewis, a Tokyo-based analyst at Macquarie Group Ltd, said that “Ultimately, if you cannot compete in NEVs, you will have difficulty surviving. SOEs are likely to be under pressure to acquire weaker players.”
   
   A December partnership between state-owned carmakers China FAW Group Corp., Dongfeng Motor Corp. and Chongqing Changan Automobile Co. may be the start of consolidation, according to JSC Automotive Consulting. The trio signed a pact to cooperate on technology development, seeking new business models and outbound investments.
   
   Add that trio to SAIC Motor Corp., China’s largest by sales; Guangzhou Automobile Group Co.; and BAIC Group, and the government has enough carmakers to meet its goals, according to Jochen Siebert, Singapore-based managing director of JSC Automotive Consulting.
   
   That means a separate quartet of domestic rivals -- collectively worth more than $17 billion -- has no independent future and likely will be folded into other government-owned companies, Siebert said. The companies at risk include China’s biggest passenger-car exporter, Chery Automobile Co.; Hong Kong-listed Brilliance China Automotive Holdings Ltd.; Anhui Jianghuai Automobile Group Corp.; and Jiangling Motors Corp.
   
   “They will be merged with big SOEs at some point,” Siebert said. “From the central government point of view, there is no need for any other SOE automakers.
   
   Representatives for Chery, Brilliance, Anhui Jianghuai and Jiangling didn’t respond to emails seeking comment. FAW, Dongfeng and Changan are still discussing how to cooperate, Dongfeng Chairman Zhu Yanfeng said.
   
   Dozens of niche manufacturers and fledgling startups also could be bought or go out of business because they don’t have enough scale or money to produce new models, said Nannan Kou, a senior associate at Bloomberg New Energy Finance in Beijing who focuses on electric vehicles.
   
   Under rules taking effect next year, companies making or importing at least 30,000 traditional vehicles annually must achieve an NEV credit score equaling about 10 percent of the score assigned to their total output or import volume. Different types of NEVs receive a different amount of credits.
   
   Manufacturers missing that quota will have to buy credits from other carmakers or face fines.
   
   Kou said that “The smaller ones will find it hard to survive. A lot of these automakers just modify cars or produce unknown models in local markets.”
   
   Source : Bloomberg
3. voda 22 maart 2018 16:24

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Tencent verdubbelt winst maar stelt teleur
   
   Gepubliceerd op 22 mrt 2018 om 11:00 | Views: 830
   
   SHENZHEN (AFN/BLOOMBERG) - De Chinese internetgigant Tencent heeft een smak op de beurs gemaakt, ondanks een verdubbeling van zijn nettowinst in het afgelopen kwartaal. Het bedrijf achter onder meer de in Azië populaire chatapp WeChat verloor 5 procent op de beurs van Hongkong en werd daardoor omgerekend 21 miljard euro minder waard.
   
   WeChat is een bundeling van WhatsApp met allerlei onlinediensten. Gebruikers kunnen via de app van alles van muziek bestellen, spelletjes spelen tot een afspraak maken bij de dokter. Tencent heeft de afgelopen tijd flink geïnvesteerd in uitbreiding van zijn diensten en entertainmentaanbod. De investeringen gingen ten koste van de winstmarge, tot onvrede van beleggers.
   
   De verdubbeling van de winst kwam voor een groot deel tot stand door investeringen in andere bedrijven. Beursgangen van die bedrijven brachten veel geld op, maar op eigen kracht zwakte de winstgroei van Tencent af. Ook de omzetgroei was met 51 procent minder dan sterk dan waar analisten op hadden gerekend.
4. voda 22 maart 2018 20:26

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   China demand for best iron ore may be about to end
   
   Bloomberg reported that China’s drive toward bluer skies has been boosting demand for the cleaner burning and more expensive iron ore supplied by the top exporters. But the good times may be over. The proposition that there’s a structural shift underway in the iron ore tastes of Chinese steel mills toward the less-polluting varieties is just a myth, according to Liberum Capital Ltd. The London-based broker joins Barclays Plc in arguing that the rising preference for high-quality will wane and the premium it commands over lower-quality supply will shrink.
   
   Iron ore’s at risk of sliding back into a bear market after racking up three weeks of losses. Barclays has forecast that the commodity will probably drop back into the USD 50s a metric ton as the profitability of mills ebbs, undercutting demand for higher-grade material. In contrast, Goldman Sachs Group Inc. had flagged it expects the shift to premium ore to endure.
   
   Premiums for higher-grades have always had a close relationship to the level of profitability of Chinese steel mills, according to Liberum. Richard Knights and Ben Davis analysts said in a note that “As margins fall, lower-grade material becomes more economic and the discount shrinks.”
   
   They said that “We expect grade premiums will narrow with steel profitability as weaker credit and housing markets impact steel demand.” They added that “The iron ore market is oversupplied.”
   
   Benchmark spot ore with 62 % iron content was at USD 67.05 a ton on Monday, while the higher-quality supply with 65 % was at USD 84.50, a USD 17.45 spread, according to Mysteel.com. The price difference between the two grades, at its highest in the past year, was USD 25.25 in September.
   
   Shanghai SHZQ Futures Co said in a note that “Most steel mills are adopting a wait and see attitude and only a small portion of them have concrete plans to purchase high-grade iron ores." It added that “We understand from some mills that recent procedural environmental checks have impacted production, resulting in high stockpiles.”
   
   The issue of iron ore quality and discounting, along with the broader outlook for the market, will be discussed at a conference starting Wednesday in Perth to be attended by executives from the biggest miners including Rio Tinto Group and BHP Billiton Ltd, the China Iron and Steel Association and industry analysts.
   
   Source : Bloomberg
5. voda 22 maart 2018 20:30

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   China Yunnan Aluminium targets 65pct jump in 2018
   
   Platts reported that China’s Yunnan Aluminium targets producing 1.4 million tonne of alumina in 2018, up 65.1% from realized output in 2017, as a newly commissioned expansion project ramps up. Yunnan Aluminium in its annual report filed to the Shenzhen Stock Exchange said that the alumina and aluminum semi producer posted a 3.4% year-on-year rise in 2017 alumina output to 847,800 tonne.
   
   The company’s 600,000 tonne per year second phase alumina capacity expansion project at Wenshan in China’s southwestern Yunnan province commenced trial production in late 2017. The launch will enable the company to lift alumina nameplate production capacity by 75% to 1.4 million tonne per year in 2018.
   
   The company’s output of pure aluminum rose 13.4% year on year to 1.37 million tonne in 2017, while output of aluminum alloy and aluminum semis rose 12.9% to 621,000 tonne.
   
   It attributed both increases to the acquisition of a 94.35% equity interest in the Qujing Aluminium smelter in Yunnan province in the year.
   
   The 380,000 mt/year smelter was operating at around 95% of capacity when Yunnan Aluminum completed the acquisition last August. It also produces ingots and semis. The acquisition lifts the company’s aluminum smelting capacity to around 1.6 million tonne.
   
   Yunnan Aluminium said it expects demand for its aluminum products to increase in 2018 as Beijing’s moves to shut heavily polluting outdated capacity pares back excessive supply.
   
   The integrated aluminum producer owns around 170 million mt of inferred bauxite resources in Yunnan, and has plans to develop 140 million mt of bauxite resources and build a 1 million mt/year alumina refinery in Laos.
   
   Source : Platts
6. voda 22 maart 2018 20:38

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Global automakers waking up too late as China takes control
   
   Mining reported that auto industry is "waking up too late" to the fact that China will hold most of the world's supply of battery raw material cobalt, Mr Ivan Glasenberg CEO of top producer of the metal Glencore told the FT Commodities Global Summit in Lausanne, Switzerland that "If cobalt falls into the hands of the Chinese, yeah you won't see EVs being produced in Europe etc. They are waking up too late. I think it's because the car industry has never had a supply chain problem before."
   
   The Democratic Republic of the Congo today has six of the top 10 cobalt mines globally. Due primarily to Chinese investment, by 2022, the central African nation will host the nine largest cobalt producers. Congo also holds half the world’s reserves.
   
   Not only is primary production highly concentrated, but the downstream industry is beginning to resemble a monopsony. China, despite having no cobalt resources of its own, is responsible for 80% of the world’s cobalt chemical production, which overtook metal production around four years ago.
   
   Mr Glasenberg told FT Chinese refiners and processors "will have most of the offtake of cobalt":
   
   Mr Glasenberg told the conference that “They’re not going to sell batteries to the world, more than likely they’ll produce batteries in China and sell electric vehicles to the world.”
   
   Beijing has made electric vehicles a centerpiece of its war on pollution. It also wants the sector to spearhead the country’s Made in China 2025 innovation drive.
   
   The China-Congo-Cobalt-nexus poses particular problems for automakers in the US and Europe. Not only in terms of securing supply but also the growing consumer awareness of ethical sourcing of materials. This could lead to premium pricing for cobalt produced outside Congo.
   
   Source : Mining com
7. voda 22 maart 2018 21:36

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Chinese banks agree to finance lion’s share of Egypt’s new capital
   
   Global Construction Review reported that Chinese banks have agreed to provide 85% of the USD 3bn needed to fund the first stage of a new capital for Egypt, according to a senior executive with the China State Construction Engineering Corporation (CSCEC), the contractor that is to build it.
   
   Mr Zhao Qiang, CSCEC Egypt’s deputy general manager, said in an interview with the Bloomberg news agency that the banks would provide the capital. He added that his company was negotiating with local contractors, although he declined to name names.
   
   Mr Khaled Abbas, the assistant housing minister, said the Chinese would provide a 10-year loan with an interest rate of between 2% and 3% and a grace period of between 36 and 42 months. The remaining 15% will be met by his ministry.
   
   However, plans to build a new capital to the east of the present one were announced in March 2015 at an international investment conference on the Red Sea resort of Sharm El Shiekh. At that time the project was billed as an $80bn scheme developed over 12 years that would house not only the Egyptian government but 7 million of its people.
   
   At first the suggestion was that the main investors would come from the UAE, and that the scheme would be overseen by UAE developer Capital City Partners.
   
   However, subsequent negotiations did not go well, and in September 2015, it was announced that another agreement has been signed with CSCEC to study the building and financing of the capital’s relocation, which now had a price tag of USD 45bn.
   
   Source : Global Construction Review
8. voda 22 maart 2018 21:41

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Geely to target new-energy vehicles for 90pct of total sales by 2020
   
   SHINE reported that Chinese automaker Geely will target new-energy vehicles for 90 percent of total sales by 2020, Mr Li Shufu, chairman of Zhejiang Geely Holding Group, said during the 13th National People's Congress. Mr Li said that “New-energy vehicle development will be our key focus this year, as electrification is an important trend in the automobile industry.”
   
   Geely aims to sell 2 million units of vehicles by 2020, with new energy vehicle sales hitting 1.8 million units.
   
   The new energy vehicle sales target will be divided into hybrid vehicles that will account for 65 percent of the total sales by 2020 and electric vehicles that are set to take up 35 percent.
   
   Geely’s move into the new-energy vehicle sector meets with the Chinese government’s initiative. China is the largest market for new-energy vehicles in the world and the government is actively promoting sales and production of green cars. A total of 777,000 new energy vehicles were sold in the Chinese market last year, up 53.3 percent year on year, data from the China Association of Automobile Manufacturers showed.
   
   In order to meet the sales goal of new-energy vehicles, Geely said it will further expand new-energy vehicle product line this year, with launch of electric vehicles, hybrid electric vehicles and plug-in hybrid vehicles.
   
   Meanwhile, the company said it will roll out new-energy vehicle models including Emgrand EV450, the all-new K model, the new Emgrand PHEV and other models by the end of this year.
   
   Source : SHINE
9. voda 22 maart 2018 21:50

   auteur info

   • voda

     Lid sinds: 02 dec 2005

     Laatste bezoek: 16 mei 2024

   • Aanbevelingen

     Ontvangen: 83030

     Gegeven: 21034

   •    Aantal posts: 366.032

   Chinese shipyards see surge 450pct in orders, margins remain thin
   
   Wall Street Journal reported that orders at Chinese shipyards surged 450% in January and February over the same period a year ago, but a stronger yuan and rising raw material costs will keep profit margins under pressure. The China Association of the National Shipbuilding Industry said orders over the period surged to 12.3 million dead-weight metric tons. If the buying spree continues, some yards could return to profitability in 2018 after years of heavy losses.
   
   The rising orders come as shipping is recovering from a multiyear down cycle from a glut of ships in the water and a cycle of price wars that pushed freight rates below break-even levels and sent the majority of ocean-going operators deeply into the red.
   
   Data from VesselsValue show 1,064 orders placed with Chinese yards since 2016, with 37 ships ordered in January this year compared with 11 in January last year and 20 in the same month of 2016.
   
   The majority of the new orders are for dry-bulk vessels, followed by tankers and container ships.
   
   Greek and Chinese owners are among the biggest clients in the dry-bulk and tanker sectors, and they are seeing strong growth in shipping demand for iron ore, coal and petroleum-product cargoes, especially from Asian importers.
   
   But China’s strengthening yuan, which has risen 9% against the dollar over the past 12 months, and an average 10% increase in the cost of ship steel plates, is keeping financial pressure on the Chinese shipbuilders.
   
   However, those issues “have eroded a big part of the yards’ profits, while players in China aren’t used to managing risk with derivatives such as steel futures and the U.S. dollar index,” said China Newbuilding Price Index Managing Director Liu Xunliang.
   
   Source : Wall Street Journal

   Bijlage:
10. DeZwarteRidder 23 maart 2018 10:32

    auteur info

    • DeZwarteRidder

      Lid sinds: 29 jun 2012

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 21052

      Gegeven: 9563

    •    Aantal posts: 97.200

    ’China belast ruim honderd producten VS’
    
    Door Redactie DFT
    Updated 3 min geleden
    2 uur geleden in FINANCIEEL
    
    Amsterdam - China wil een serie Amerikaanse producten gaan belasten in reactie op de importheffingen die president Trump donderdag aankondigde.
    
    China heeft volgens media een lijst van 128 Amerikaanse producten opgesteld na de strafheffingen van de VS ter waarde van $60 miljard. De uitvoering van een extra heffing op bijvoorbeeld Amerikaans varkensvlees, fruit, noten en ethanol ter waarde van $3 miljard is nog niet zeker en geldt als gematigde tegenstoot.
    
    China zou met een rustige reactie willen beginnen, hopend dat die voldoende effect resorteert. China kaart de Amerikaanse actie als onrechtvaardig aan bij de Wereldhandelsorganisatie.
    
    Voor de Amerikaanse heffing van $60 miljard staat eerste een ’consultatieronde’ van dertig dagen. Daarin zouden de maatregelen kunnen worden afgezwakt. De EU werd uitgezonderd van de strafheffing op staal en aluminium.
    
    Aanpak soja VS
    
    Als de WTO zich niet in het voordeel van China uitspreekt, en de huidige dreiging geen impact in Washington heeft, wil China een zwaardere reactie inzetten. „China wil geen handelsoorlog, maar is niet bang om zich erin te begeven”, aldus zijn handelsminister.
    
    De tegenreactie vanuit Peking zou bovenal de Amerikaanse elektronicamarkt treffen. De VS hadden in 2016 een handelsoverschot naar China van $38 miljard.
    
    De Amerikaanse soja-markt, de enige waarin de VS een handelsoverschot met China heeft, zou getroffen worden. China is de grootste afnemer met $14,6 miljard aankopen vorig jaar, een derde van de oogst.
    
    Chinese media noemden donderdagavond vooral het aandeel Boeing. Dat werd 5% lager gezet op Wall Street. China gaf in 2015 orders van $38 miljard voor nieuwe toestellen, die afgezegd kunnen worden.
    
    De VS hekelt inbreuk op patenten door Chinese bedrijven. Andersom zouden Apple, Cisco en Intel geraakt worden door tegenmaatregelen.
    
    Beurzen in China gingen na de aankondiging van de Verenigde Staten en de veronderstelde tegenreactie van China vrijdagochtend fors achteruit. De Hangseng-index verloor 3%, de Shanghai Composite zakte met 3,5% weg.
    
    Internetbdrijf Tencent verloor 8%, mede nadat grootaandeelhouder Napster voor het eerst in zeventien jaar zijn belang verkleinde.
    
    Vleesverwerker WH Group en detacheerder Li & Fung met veel activiteiten richting de Verenigde Staten raakten 10% beurswaarde kwijt.
    
    Tegelijkertijd wonnen aandelen in landbouwproducten aan terrein in China.
11. voda 23 maart 2018 14:11

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Geely 2017 net profit soars amid global push
    
    Reuters reported that Chinese carmaker Geely Automobile Holdings, whose chairman recently took a 9-billion stake in Germany's Daimler, said on Wednesday its profits more than doubled in 2017, driven by strong domestic sales of popular SUVs. The automaker, based in the eastern Chinese city of Hangzhou, said in a stock exchange filing that 2017 net profit rose 108 per cent to CNY 10.6 billion from CNY 5.1 billion in 2016, slightly beating a forecast of CNY 10 billion from analysts polled by Reuters.
    
    The carmaker saw revenue rise 73 percent to CNY 92.8 billion from a year earlier.
    
    Geely Chairman Li Shufu has been making a major global push. He owns Volvo Cars and has built up stakes in truckmaker AB Volvo, Malaysian automaker Proton, flying car start-up Terrafugia and the maker of London's iconic black cabs.
    
    The Daimler deal, which makes Li the largest shareholder in the owner of Mercedes-Benz, is part of an effort to strengthen Geely's technological muscle amid a shake-up of the global auto market by autonomous driving, electric vehicles and car-sharing.
    
    Source : Reuters
12. voda 23 maart 2018 14:21

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Asian ports face USD 49 billion climate adaptation costs - ARE
    
    Protecting Asia-Pacific ports against climate change could cost up to USD 49 billion, according to new research commissioned by HSBC from sustainability analysts Asia Research and Engagement (ARE). The report – Climate Costs for Asia Pacific Ports – evaluates the climate risk of 53 of the Asia Pacific region’s largest ports and estimates costs for adaptation. It also outlines recommendations to investors, port authorities and governments for how to manage risk in the future.
    
    Asia Research and Engagement Managing Director Benjamin McCarron, said that “Safeguarding ports is critical since nearly 60% of global GDP is reliant on trade. Ports are at the front-line in terms of impacts from climate change. The costs of adapting this essential infrastructure are already onerous, but the key lesson for stakeholders, from port owners to investors, is that planning climate resilience from the outset is key to avoiding greater expense in years to come.”
    
    The analysis lays out scenarios based on differing sets of climate and engineering assumptions, extrapolating low and high cost cases for adaption.
    
    Covering ports across Japan, China and Hong Kong, Taiwan, Singapore, Australia, India, South Korea and Malaysia, the sets of assumptions produce a low case cost of around USD 30.9 billion and a high case cost of around USD 49.4 billion.
    
    Japan’s Kitakyushu faces the highest costs at USD 4.9 billion, while five of the region’s 10 largest ports by capacity face adaptation bills of over USD 1 billion.
    
    The report focuses on financial backers for new infrastructure, such as One Belt, One Road related projects, calling on them to ensure projects have built climate projections into asset development and long-term capital plans to avoid facing unnecessarily high costs in the future.
    
    Wai-Shin Chan, Global Head of HSBCs Climate Change Centre of Excellence “This report is designed to start conversations amongst those who use and finance sea-ports in Asia by asking the multi-billion-dollar question: “Are you ready for climate change?”
    
    “The response across the region today is extremely varied and the implications for those who lag behind are severe.”
    
    Source : HSBC

    Bijlage:
13. voda 23 maart 2018 14:38

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Trump Trade War –New strong actions to address China’s unfair trade
    
    US President Trump announced his decisions on the actions the Administration will take in response to China’s unfair trade practices covered in the USTR Section 301 investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation. US Trade Representative Robert Lighthizer initiated the investigation in August 2017 at the direction of President Trump. The President has instructed that the appropriate response to China’s harmful acts, policies and practices should include three separate actions.
    
    Tariffs – The President has instructed the Trade Representative to publish a proposed list of products and any tariff increases within 15 days of today’s announcement. After a period of notice and comment, the Trade Representative will publish a final list of products and tariff increases.
    
    WTO dispute – The President has instructed the Trade Representative to pursue dispute settlement in the World Trade Organization (WTO) to address China’s discriminatory technology licensing practices.
    
    Investment restrictions – The President has directed the Secretary of the Treasury to address concerns about investment in the United States directed or facilitated by China in industries or technologies deemed important to the United States.
    
    Ambassador Lighthizer said “President Trump has made it clear we must insist on fair and reciprocal trade with China and strictly enforce our laws against unfair trade. This requires taking effective action to confront China over its state-led efforts to force, strong-arm, and even steal US technology and intellectual property. Years of talking about these problems with China has not worked. The United States is committed to using all available tools to respond to China’s unfair, market-distorting behavior. China’s unprecedented and unfair trade practices are a serious challenge not just to the United States, but to our allies and partners around the world.”
    
    The Chinese government’s technology transfer and intellectual property policies are part of China’s stated intention of seizing economic leadership in advanced technology as set forth in its industrial plans, such as “Made in China 2025.”
    
    Section 301 is a key enforcement tool that allows the United States to address a wide variety of unfair acts, policies, and practices of US trading partners. The investigation of China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation addresses four categories of acts, policies, and practices of the Government of China that unfairly result in the transfer of technologies and intellectual property from US companies to China. These policies harm US businesses and workers and threaten the long-term competitiveness of the United States.
    
    USTR staff, with the assistance of dozens of experts from across the Administration, prepared a comprehensive report containing detailed findings. The report is available on the USTR website.
    
    The report supports the following conclusions:
    China uses foreign ownership restrictions, including joint venture requirements, equity limitations, and other investment restrictions, to require or pressure technology transfer from US companies to Chinese entities. China also uses administrative review and licensing procedures to require or pressure technology transfer, which, inter alia, undermines the value of US investments and technology and weakens the global competitiveness of US firms.
    China imposes substantial restrictions on, and intervenes in, US firms’ investments and activities, including through restrictions on technology licensing terms. These restrictions deprive US technology owners of the ability to bargain and set market-based terms for technology transfer. As a result, US companies seeking to license technologies must do so on terms that unfairly favor Chinese recipients.
    China directs and facilitates the systematic investment in, and acquisition of, US companies and assets by Chinese companies to obtain cutting-edge technologies and intellectual property and to generate large-scale technology transfer in industries deemed important by Chinese government industrial plans.
    China conducts and supports unauthorized intrusions into, and theft from, the computer networks of US companies. These actions provide the Chinese government with unauthorized access to intellectual property, trade secrets, or confidential business information, including technical data, negotiating positions, and sensitive and proprietary internal business communications, and they also support China’s strategic development goals, including its science and technology advancement, military modernization, and economic development.
    
    The European Union Chamber of Commerce in China likewise concluded in a report entitled “China Manufacturing 2025: Putting Industrial Policy Ahead of Market Forces” that there has been an “unprecedented wave of outbound investments” in recent years from China into firms in industries of relevance to Made in China 2025, and many of these investments have been in areas where foreign business is unable to make equivalent investments in China.
    
    The USTR report also notes, “As the global economy has increased its dependence on information systems in recent years, cyber theft became one of China’s preferred methods of collecting commercial information because of its logistical advantages and plausible deniability.” The report goes on to conclude that “based on available information on China’s cyber intrusions, experts have concluded that China’s cyber intrusions and cyber theft align with its industrial policy goals.”
    
    Source : Strategic Research Institute
14. voda 23 maart 2018 15:06

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Chinese Sinomach to construct 410km railway in western Iran
    
    Sinomach, also known as China National Machinery Industry Corp, has signed a new USD 845mn contract to build 410km of railway in western Iran, according to Reuters, citing a release on the company’s website. The report said that the contract will see Sinomach becoming responsible for the engineering, procurement and construction work for the railway that will link three of the country’s major cities – Tehran, Hamedan and Sanandaj.
    
    The contract continues the influx of projects in Iran that have been led by China since the nuclear sanctions imposed against Iran were lifted in 2015, with Chinese companies having been particularly involved in the countries emphasis on building a greater network of rail infrastructure.
    
    According to Reuters, state-owned China Railway Engineering Corp is building a 415km railway between Tehran and Isafahan, via Qom, whilst China Railway Construction is reportedly building a different line between Kermanshah and Khosravi, with Sinomach now also having been given a significant rail contract.
    
    In total, approximately $25bn of railway infrastructure spending is expected in the next half decade.
    
    Further, Iran is also of significant interest to China due to the country being on the route of its planned Silk Road economic belt trade link direct with Europe.
    
    Source : Reuters
15. voda 23 maart 2018 15:07

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Chinese new home price growth slows as big cities decline
    
    Reuters reported that China's new home price growth slowed in February from the previous month as a raft of government curbs aimed at tempering speculative demand softened prices in the biggest cities, although strength seen in smaller centres remained intact. Average new home prices in China's 70 major cities rose 0.2 % in February from the previous month, compared with an increase of 0.3 % in January, Reuters' calculations from National Bureau of Statistics (NBS) data on Monday showed.
    
    Compared with a year ago, they rose 5.2 percent in the month, picking up from a 5.0 percent increase in January.
    
    Prices fell in China's top-tier cities after they stabilised in January, the NBS said in a statement accompanying the data, without giving a specific figure.
    
    Shenzhen's new home prices fell 0.6 percent month-on-month, after it stabilised in January. Beijing prices declined 0.3 percent after posting a 0.2 percent increase in the previous month, data showed.
    
    ING economist Iris Pang, said that "I think the policies currently in place (to curb speculation) are effective in a way that they made prices fall slightly in prime markets." But they also result in a spillover effect that drives buyers who can't afford in those big cities to less expensive markets, which will continue to push up prices," adding that she doesn't expect significant price falls in the biggest cities, despite the curbs.
    
    The majority of the 70 cities surveyed by the NBS still reported monthly price increases for new homes although the number has dropped from the previous month. Forty-four cities reported higher prices in February, down from January's 52.
    
    The declines in the four top-tier cities contrast with a steady rise in prices in China's vast spread of smaller cities. The fastest price gain was seen in Nanchong, a lower-tier city of about 6 million in Southwestern China's Sichuan province, where values of new homes rose 1.7 percent on-month in February.
    
    The NBS said, without giving details, price growth in tier-3 cities in general was unchanged from January.
    
    China removed sales prices for affordable housing in its January calculations, which prevents like-for-like comparisons with growth data before 2018.
    
    Home price growth began to slow in the second half of 2017 as the government sought to deal with bubbles in its property markets, following almost two years of rapid expansion.
    
    Property sales have shown signs of easing in recent months despite expectations of a spike in demand as developers ramp up promotions during the week-long Lunar New Year holidays when migrant workers head home.
    
    But analysts have remained optimistic about demand in smaller tier-3 and tier-4 cities thanks to favourable government policies aimed at reducing inventories.
    
    Source : Reuters

    Bijlage:
16. voda 25 maart 2018 15:57

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Peking opnieuw gebukt onder zware smog
    
    De Chinese hoofdstad Peking gaat alweer voor de derde keer dit jaar gebukt onder hevige smog. De regering heeft code oranje afgeroepen, de op een na zwaarste smogvervuiling die het land kent. De waarschuwing geldt voor drie dagen.
    
    Redactie/Tynke Landsmeer 25-03-18, 04:51 Laatste update: 04:53
    13
    De hevige smogperiode is alweer de tweede deze maand en dat terwijl de stad vorige week nog werd geprezen om zijn verregaande maatregelen voor een gezonder leefklimaat. De stad heeft de grootste reductie van luchtvervuiling gerealiseerd van alle 28 noordelijke steden. Er is bovendien nog geen code rood afgegeven dit jaar.
    
    Code oranje houdt in dat meubel- en cementfabrieken en andere zware industrie hun productie met zeker 30 tot 50 procent moeten verminderen. Dat betreft zeker 700 fabrieken in de stad.
    
    De Chinese regering heeft in augustus een ambitieus plan gepresenteerd dat voorziet in het terugdringen van de luchtvervuiling met 15 procent.
    
    www.ad.nl/buitenland/peking-opnieuw-g...

    Bijlage:
17. morgen1 25 maart 2018 21:25

    auteur info

    • morgen1

      Lid sinds: 02 jul 2004

      Laatste bezoek: 20 apr 2024

    • Aanbevelingen

      Ontvangen: 233

      Gegeven: 2

    •    Aantal posts: 1.783

    World War 3: China issues HARROWING military warning that WAR preparations WILL NOT STOP
    
    www.express.co.uk/news/world/936646/w...
18. voda 26 maart 2018 16:35

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    China en VS belangrijkste handelspartners EU
    
    Gepubliceerd op 26 mrt 2018 om 12:33 | Views: 1.319
    
    LUXEMBURG (AFN) - De Verenigde Staten en China waren ook in 2017 de belangrijkste handelspartners van de Europese Unie. Ongeveer een derde van de totale handel van de EU is met die twee economische grootmachten, aldus cijfers van het Europese statistiekbureau Eurostat.
    
    Volgens Eurostat was de VS vorig jaar goed voor bijna 17 procent van de goederenhandel van de EU, ofwel een bedrag van 631 miljard euro. Voor China gaat het om ruim 15 procent ofwel 573 miljard euro. Daarna komen Zwitserland (7 procent), Rusland (ruim 6 procent) en Turkije en Japan met respectievelijk 4,1 en 3,5 procent van de EU-handel.
    
    In totaal werd vorig jaar door de 28 EU-landen voor een bedrag van 5226 miljard euro aan goederen geëxporteerd. Daarvan ging 64 procent naar een ander EU-land, en de rest naar buiten de EU. De belangrijkste handelsproducten van de EU wat betreft goederen zijn machines en transportmiddelen zoals auto's, vrachtwagens en vliegtuigen, en verwerkte producten en chemicaliën.
19. voda 26 maart 2018 20:50

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    China's shift to high grade iron ore isn't set in stone – Mr Russell
    
    Mr Russell wrote in Reuters that comfortable consensus is emerging in the iron ore market that China’s vast steel industry has undergone a structural change that has resulted in quality iron ore gaining a permanent advantage over lower grades. Certainly the common theme of presentations at this week’s Global Iron Ore and Steel Forecast Conference in Perth was that the current premium of ore with a higher iron content is now a defining characteristic of China’s market.
    
    This shift matters as China buys about two-thirds of global seaborne iron ore, with the vast majority of the annual demand of more than 1 billion tonnes coming from Australia and Brazil, with South Africa a distant third.
    
    The industry benchmark is ore with an iron content of 62 %, a quality level that is met by most Brazilian ore, as well as by top Australian miner Rio Tinto. BHP Billiton, Australia’s second-ranked producer, comes close to this level with its output, but third-ranked Fortescue Metals Group delivers a grade closer to the 58 percent level.
    
    China’s switch to using higher-grade iron ore in its blast furnaces is seemingly built around three main factors.
    
    The first is the need to reduce air pollution, which encourages steel mills to use the higher grade ores as they require less coking coal in order to be turned into pig iron and then crude steel. Using high-grade iron ore with a 65 % iron content consumes about 12 % less coking coal than using 58 % iron ore.
    
    The second is the ongoing government-mandated rationalization of the steel industry, with capacity closures of around a total 110 million tonnes being achieved in 2016 and 2017. Up to 40 million tonnes more was slated to be shut down this year. This policy is aimed at eliminating overcapacity and clearing out older, less-efficient producers, thereby boosting the profitability of the remaining steel mills.
    
    The policy has contributed to the third factor driving the switch to higher grade ore, namely that mills are enjoying strong profit margins.
    
    If the current market consensus is correct that China’s shift to higher grade iron ore is structural, it becomes apparent that these three factors will also have to be structural.
    
    Source : Reuters
20. voda 26 maart 2018 20:51

    auteur info

    • voda

      Lid sinds: 02 dec 2005

      Laatste bezoek: 16 mei 2024

    • Aanbevelingen

      Ontvangen: 83030

      Gegeven: 21034

    •    Aantal posts: 366.032

    Chinese steel mill still buying low grade iron ore – BCI Minerals
    
    Bloomberg reported that low-grade iron-ore that has fallen out of favor with many of China’s steelmakers is still in demand as mills keep buying the cheaper product, according to a junior Australian supplier. BCI Minerals is selling all it’s lower-grade product at normal rates, CEO Mr Alwyn Vorster said in an interview in Perth that “Mills are still buying, demand is there. There is not a major change in which mills are buying.”
    
    Mr Vorster expects the discount for lower grade ore to continue. Mr Vorster said that “We work on the basis that we need to prepare for this to be longer term.”
    
    Mr Vorster said that “For the rest of this year we have to forecast and budget that it is a structural change.”
    
    Mr Vorster said that “They want to pursue profits and they cannot lose money. When premiums are too high they will buy more low grade ore.”
    
    Source : Bloomberg