The UK government has restarted the country’s long-stalled nuclear power program and French electricity giant EDF will build a new plant. The controversial decision has attracted howls of outrage from some quarters, doubly so because Chinese investors are also being allowed to participate in this landmark project. (continue reading…)
The EU plans to contribute €6.3m to a support package for 611 Danish workers laid off by wind turbine giant Vestas because they were victims of Chinese competition.
The European Commission set up its little-known European Globalisation Adjustment Fund back in 2007 to help European workers who loses their jobs due to ‘changing global trade patterns’. (continue reading…)
China spent an amazing $163bn on R&D last year. Even more amazing, thats an 18% increase on the previous year.
The sheer size of the resources that China now devotes to R&D means that businesses in the west cannot afford to ignore rise of China’s science-based industries. (continue reading…)
What are the hottest sectors in China for attracting private equity investors?
Ravenous energy demands and chronic environmental problems have, not surprisingly, put alternative energy, energy saving and environmental protection firmly on the radar screen as favorite areas for PE investment. (continue reading…)
Would you trust your business to run security software made by a Chinese company? That’s the challenge facing NQ Mobile, China’s biggest mobile-phone security company, which is now attempting to break into the US market. (continue reading…)
Should western workers fear China’s rise as a hi-tech nation? The question is topical as Alcatel-Lucent, the struggling French telecoms manufacturer, has just announced 10,000 job cuts, the latest round of losses in an industry that has seen the rapid rise of Chinese competitors. (continue reading…)
ChinaSoft International, a Chinese IT solutions and outsourcing provider, plans to create a regional HQ in Shanghai’s new Free Trade Zone to get closer to the financial institutions that will make FTZ their home.
Magic Software, a Nasdaq-listed Israeli software company specialized in integration software, has signed a partnership with China’s United Electronics Company to resell Magic’s products in mainland China, HK, Macau.
The partnership agreement for licenses, maintenance and support is worth nearly $1,000,000 over five years. (continue reading…)
China is different, particularly when it comes to its smartphone market. Three smartphone brands — Coolpad, Lenovo and Xiaomi —which are unknown to western consumers all managed to beat Apple in China.
According to research firm ABI Research, Samsung retained its leading smartphone market share of 17% in Q2 2013, Lenovo took second with 13%, Coolpad was third with 10%, and Xiaomi edged out Apple with 6.5% share.