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Posts Tagged ‘chinese’

Chinese family businesses: Dusk for the patriarchs

As ageing tycoons die, their heirs are feuding and their empires are at risk

COMPANIES can survive for hundreds of years. Their founders cannot. Hence the problem that eventually faces all family-owned firms: how to hand over from one generation to the next. In Stanley Ho’s case, the transition is proving stormy.

Mr Ho is the gambling king of Macau: the founder of an empire that includes casinos, ferries, an airline, hotels and commercial property. He is also 89 years old, in poor health and less lucid than he once was. His four families are fighting like harpies over his assets, which are held within an array of complex structures. …

Sands Singapore scraps Chinese New Year leave policy

Las Vegas Sands Corp.’s Singapore casino reversed a policy that would have penalized staff who took sick leave over the Chinese New Year holiday.

Marina Bay Sands scrapped a plan to give demerit points to staff who failed to show up for work even if they had a medical certificate, according to an e-mailed statement from the company. The Straits Times reported the policy earlier today, citing a memo dated Jan. 21.

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IBM, China’s Range to Build Asia’s Largest Cloud Storage Center

In a new partnership with Chinese Range Technology Development and the Hebei provincial bureau of industry, IBM will build the largest, most advanced cloud-enabled data storage center in China. – In March 2010, IBM announced that it
would begin investing big time in selling and building cloud computing systems
in China.

On Jan. 24, the huge American IT company made good on at least part of the
promise by announcing that it will partner with Chinese Range Technology
Development and the…


Chinese president begins U.S. visit

Chinese President Hu Jintao has met Barack Obama several times before, but never during a state visit to the United States, euronews reports. He will be the first Chinese leader treated to a White House dinner in 13 years.

Stuxnet-Like Trojans Can Exploit Critical Flaw in Chinese Industrial Software

A security researcher has uncovered a critical vulnerability in a popular SCADA software used in China, as well as in a few others, which raises the possibility of another Stuxnet attack. – A critical security flaw in
supervisory-control-and-data-acquisition (SCADA) systems used in China raises
the possibility of another Stuxnet-like attack, a security researcher said.
The latest stable version of KingView, the SCADA software
developed by Beijing WellinControl Technology Developmen…


What would the Chinese want from Renault?

I’ve had an interesting email from someone with a theory about the Renault espionage story. The Chinese, the author tells me, are determined to become EV leaders and not find themselves in the position of playing industry catch-up, or having to work with foreign firms for technology transfer, as they have been doing with fossil-fuelled ICE automotive technology over the past few decades.

What is being sought for China, the theory goes, is something like the Project Better Place proposed system of battery swap stations (Chinese government not keen on fast charging). Better Place has an exclusive agreement with Renault and Renault is developing cars with the battery swap capability – and that’s what the Chinese are interested in. And they want to ‘leapfrog’ the ICE, taking full advantage of their huge domestic market to gain an international competitive advantage in electric vehicles and dominate the industry at a global level.

Interesting theory.

Let me add a few things to the mix. One, China imports a lot of oil and that’s surely something that rapid growth of the ICE car parc isn’t helping (as well as air quality). Two, has the ICE learning process facilitated by joint ventures with foreign carmakers largely run its course? The big players are arguably more able to stand on their own two feet now and there is also a clutch of smaller independent Chinese OEMs. A shake-out over the next few years will leave the industry still leaner and with a low-cost structure by international standards. The Chinese firms have their own brands, know how to make cars and have an understanding of the manufacturing processes so it’s about execution now. Do they need the foreign partners? Debateable perhaps, but not as much as they did in the early days.

And three, now that there is a big group of car users relatively new to car ownership, the government can play with regulations and taxes to make electric vehicles more popular when this big group comes round for replacement purchases. Could they be weaned off of ICE cars to EVs? Would a network of battery swap stations and vehicles that could take advantage of that help? Could a ‘state enterprise’ possibly play a big role in the infrastructure side of things and would that be something that might be licensed internationally to countries that are friendly to China, too?

China, U.S. to improve ties

U.S. Defense Secretary Robert Gates and Chinese Defense Minister Liang Guanglie resumed defense dialogue to improve relations between the countries.
“At present military to military relations between our two countries are faced with new opportunities for development together with some difficulties and challenges,” Liang was quoted by the Times of India, RIA Novosti reports.

“Chinese bridge” works in April

The construction of a bridge in Belgrade over the Danube River will begin in April this year, said officials. The bridge will link Belgrade’s Zemun and Borča municipalities.

Singapore’s Wilmar says wins bids for chinese sites for US$204.4m

Wilmar International (WLIL.SI), the world’s largest-listed palm oil firm, said on Wednesday it has won the bidding for six land sites in China’s Liaoning province for a total of US$204.4 million ($263.6 million) in partnership with two Hong Kong firms.

Singapore-listed Wilmar partnered Kerry Properties (0683.HK) and Shangri-la Asia (0069.HK) in the bid.
All three firms are linked to Malaysian billionaire Robert Kuok.
 
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Global Logistic to expand in smaller chinese cities

Global Logistic Properties, a logistics company whose customers include Wal-Mart China and FedEx Corp., said it’s seeking opportunities in so-called second-tier cities in China after an acquisition in the country.

The Singapore-based company agreed to pay about US$375 million ($483.6 million) for a controlling equity interest in Airport City Development Co., the developer of the Beijing Capital International Airports airside cargo handling logistics area. It’s keen on properties in smaller cities including Wuhan and Xiamen, Chief Executive Officer Ming Mei said in a briefing.

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How to model a Chinese Table Set with 3ds Max Posted By : 2d3dtutorials

In this tutorial i will show you how to create a Chinese Table Set with 3ds Max and Vray. I will model the

, the chopsticks holder, a bowl, a plate, a plateau and a table rug. After you finish this tutorial your image should be similar with the one above. If you follow this tutorial well you should achieve an image like the one above. At bottom of tutorial you will find link to download sample of this tutorial in .max, .3ds, .obj formats

Global Logistic Properties buys 19.9% stake in Chinese logistics facility provider for $91m

Global Logistic Properties, the owner of modern logistics facilities in China and Japan, says wholly-owned subsidiary China Logistics Holding (12), has agreed to acquire a 19.9% stake in Shenzhen Chiwan Petroleum Supply Base Co. (SCPSB), the parent company of Blogis, which is the second largest modern logistics facility provider in China to GLP.

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‘Good neighbours better than distant kin’


ISLAMABAD – Chinese Prime Minister Wen Jiabao has urged the international community to respect PakistanÂ’s efforts as it had rendered invaluable sacrifices in the war against terror.
“We should not link terrorism to any specific religion or nation, and avoid pursuing double standard while dealing with the issue. We should rather focus on the root causes of terrorism and ways to eliminate them,” he said while addressing a joint session of the Parliament.
Services chiefs, chairman Joint Chiefs of Staff Committee, provincial governors and chief ministers, ambassadors of the foreign missions in Pakistan and other senior Chinese and Pakistani officials also attended the historic address.
Chinese Premier is the first Chinese and 6th world dignitary to address the joint sitting began his speech by greeting the parliamentarians saying; “Assalam-o-Alaikum” and concluded his speech with unanimously lauded slogan, also in Urdu, “Pak-Cheen Dosti Zindabad”.
Premier Jiabao pledged, “China will remain steadfast in its support to Pakistan and will expect the same from the international community. The people of Pakistan will surely overcome (their) difficulties,” he added.
Chinese Premier also vowed to boost strategic cooperation with Pakistan as he wrapped up a three-day visit to Islamabad that concluded by signing deals worth around $35 billion between the two countries.
“It is our collective objective to strengthen strategic ties between our two countries. China and Pakistan are the all-weather strategic partners and share the sorrows and joys of each other as close brothers,” Jiabao said, amidst heavy thumping of desks during his address.
“Let’s stand together, with a new confidence, and begin a new era of progress and prosperity, by jointly confronting all challenges,” he said, adding that both the countries had reached the present stage after passing through difficult phases.
He said as people in Pakistan say that a good neighbour is a blessing, “We in China say it is better to have a good neighbour than a distant relative.” Jiabao expressed the belief that the Pakistani people would be able to surmount all difficulties and assured that “the Chinese government and people would firmly stand by you to face all challenges together.”
He strongly voiced China’s stance against terrorism saying it must not be linked to any particular country or religion. “There should be no dual standards in this regard,” he said and called for making efforts for addressing the real reasons that lead to terrorism. “China’s stance is clear and consistent.
China while standing along with Pakistan and the international community was making sincere efforts to promote cooperation in this regard,” he said.
He assured that China would continue to enhance interaction with Pakistan in all spheres. Premier Wen said Pakistan was passing through a difficult phase as it was facing many challenges and problems. But he was confident that the government and people of Pakistan were determined to tackle these and would move ahead.
“The government and people of Pakistan are united and moving forward to safeguard solidarity, prosperity and sovereignty of the country,” he added. He said the international community was also cognizant of the struggle and efforts being made by the people of Pakistan in facing difficulties and have assured their full support. Premier Wen Jiabao said “The people of Pakistan have neither been influenced by anyone in the past, nor will they be, in future.”
He said it was the joint strategic vision of China and Pakistan to have an all-weather strategic partnership and added that it was “in conformity with the national interests of the peoples of the two countries. It would help promote peace, stability and prosperity of the region.” He said “China and Pakistan ties will get more deeper, closer and stronger.”
Premier Wen Jiabao termed the Pak-China friendship as a pine tree, that remains evergreen despite the harshest of winter, and it has stood the test of time like a strong horse, whose worth is known only when it accomplishes a long journey.
The Chinese Premier assured that China would assist Pakistan in helping it rebuild the damaged infrastructure due to the devastating floods.
“China would fulfil all promises made to Pakistan in this regard,” Premier Wen Jiabao said. He said China supported Pakistan in gaining economic sovereignty and was keen to see it made progress in all spheres through enhanced trade and business. He said China would support Pakistan in energy, transport, infrastructure and other areas. He said that during his visit the two countries agreed to ink business deals worth $10 billion, reflecting wide scope of economic and trade growth between the two countries.
Jiabao said China believed that Pakistan would benefit from the bilateral trade deals and increase its exports to China. He said the ICBC bank has been given permission to open branches at Islamabad and Karachi. He said China was also willing to have a currency swap deal with Pakistan and hoped that their cooperation would enhance further in economic sphere. The Chinese Premier also assured increased cooperation in fields of education and culture.
He said the year 2011 would be celebrated as part of the 60th anniversary of Pak-China diplomatic relations and more exchanges between the two countries would take place in this regard. He said over the next three years, China would provide 500 scholarships to Pakistani students and conduct 2,000 cataract operations in next two years. Jiabao said next year 100 Pakistani students will participate in Chinese language programme in China. He expressed the hope that more Pakistanis would visit China and learn the language. He said over the years the two countries were engaged in student exchange programme and the practice would continue, as it would enhance their people to people cooperation, he added. “We should make joint efforts to meet challenges and promote harmonious and sustainable development of the world,” Premier Wen said. He recalled his visit to Pakistan five years back and said that with the warm welcome, he felt as if he were visiting his home. He said the people of China and Pakistan were like brothers and their ties are “deep rooted” and “rock solid” that have stood the test of time.
Premier Wen said Pakistan has always supported China in all those critical times and mentioned that it stood by China whether it was the issue of membership to the UN General Assembly, relations between the United States of America and China, or on the issues pertaining to Taiwan, Tibet and Sinkiang. The Chinese Premier also recalled that Pakistan was first to support China in the aftermath of the earthquake at the Sichuan province and rushed to its aid.
Prime Minister Gilani said that Sino-Pak friendship “was taller than mountains, deeper than oceans, stronger than steel and sweeter than honey”. Opposition Leader in the National Assembly Ch Nisar Ali Khan said there was no difference of opinion among all strata of Pakistani society as far as the friendship and unparalleled ties between the two countries were concerned.
Later, before leaving the House, Chinese premier shook hands with the heads of the parliamentary leaders sitting on the front and waved his hands to other members of the house in a gesture of respect.

China urges Seoul, Pyongyang to end confrontation

Chinese Foreign Minister Yang Jiechi has urged both North and South Korea to open talks and avoid steps that could inflame tensions on the peninsula.

The Chinese Foreign Finistry said Yang made the comments in a phone call with his Russian counterpart, Sergei Lavrov.

Chinese Premier Jiabao heads to Pakistan to boost trade

Chinese premier Wen JiabaoChinese Premier Wen Jiabao left for Pakistan on Friday for a three-day visit aimed at boosting trade and investment by finalizing 20 billion dollars worth of deals. Accompanied by a huge business delegation, Premier Wen will be the first Chinese head of government to visit the nuclear-armed country in the last five years. According to [...]

Chinese Premier calls on opposition leader Sushma Swaraj in Delhi

Chinese premier Wen JiabaoChinese Premier Wen Jiabao met Leader of Opposition in the Lok Sabha Sushma Swaraj here on Friday. They discussed a range of issues during their brief meeting. On Thursday, the Chinese Premier met Indian Vice President Hamid Ansari. Later, he also called on Congress party president Sonia Gandhi. He reiterated that India and China are [...]

Chinese Premier Wen Jiabao arrives in Delhi

Chinese premier Wen JiabaoChinese Premier Wen Jiabao arrived here today on a three-day state visit. The visit is expected to boost trade relations between India and China, the two emerging economies of the world. He will visit the Tagore International School in Vasant Vihar here in the second half of the day, where he is expected to meet [...]

Sharif ready to mend fences with Zardari, accepts banquet invite for Chinese premier

nawaz sharifPakistan President Asif Ali Zardari seems to have achieved some success in breaking the ice with Pakistan Muslim League-Nawaz chief Nawaz Sharif, with the latter accepting the former’s invitation to attend a banquet to be held in honour of visiting Chinese Premier Wen Jiabao in Islamabad this week. The meeting is being termed a significant [...]

Chinese business: Where are the profits?

Sales are soaring; margins are meagre

BUSINESS in China is about three things: volume, volume and volume. Or so many analysts believe. So as the revenues of Chinese companies soar, rosy forecasts abound. Goldman Sachs, an investment bank, predicts that the prices of the shares of Chinese companies trading in Hong Kong will shoot up by 30% next year. Nomura, another bank, says they will rise by more than 20%.

Besides heady revenue growth, China bulls cite two reasons for optimism. Chinese firms are cheaper than they have been in the past and cheaper than similar companies in other parts of the world. Also, Chinese shares did badly this year. A catch-up is imminent, say the bulls. …

Chinese ambassador welcomes decision

Chinese Ambassador to Serbia Wei Jinghua says that China “highly appreciates” Serbia’s decision not to attend Nobel Peace Prize ceremony for Liu Xiaobo.

“Serbian people know that awarding the Nobel Peace Prize to the Chinese dissident has nothing to do with peace,” he pointed out.