Tag: competition

Reward for failure?

businessman-hands-euro-banknotes-money-bag-28941305The 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…)

A sleeping giant awakes

chinascientistChina 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…)

The end of cheap China

usbcStill think China is a cheap place to do business? Think again. US businesses operating in China complain that getting — and keeping — talented employees is their biggest headache and this is reflected in soaring wage inflation. (continue reading…)

Macy’s rethinks e-commerce in China

https://www.recyclebank.com/media/partner_logos/macysLogo_300x300.jpgUS retailing giant Macy’s has shelved plans to start selling online in China, the latest casualty in a supposedly booming e-commerce market that is proving elusive for some western retailers.

The US firm had planned to begin online sales  in China in the spring, after buying a minority stake  in Chinese retail company VIPStore last year. (continue reading…)

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Smartphone OEMs look to grow beyond China

coolpadChina 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.

(continue reading…)

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China’s great solar shakeout

solar-panels-in-sunAfter the storm, the calm. China’s solar industry is going through a big shakeout, and consolidation and bankrupcies.

However, this dramatic process or readjstiment is not going to change the Asian giant’s global dominance over the resurgent sector anytime soon, according to Lux Research. (continue reading…)

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ICBC tiptoes into Spain

icbc.jpgICBC, the world’s largest bank by market value, is out to win the hearts — and pocketbooks — of Spanish investors.
(continue reading…)

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Coming to your screen soon

Remember when Japanese firms dominated the TV industry?Japan’s once unbeatable consumer electronics industry is going through tough times and South Korea’s Samsung has now built an indominable lead over its Nippon rivals in the TV market.
(continue reading…)

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Chinese car market stalls

byd-e6-610.jpgCould electric vehicles help recharge China’s sluggish car market? BYD hopes so as it announces Denza, the new marque for electric vehicles produced by its 50:50 JV with Germany’s Mercedes-Benz.

BYD is making a lot of noise about its electric vehicles and clearly hopes a prestigious western partner will win Chinese buyers over to EVs.
(continue reading…)

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The End of Cheap China

156539736.JPG It’s not just Apple that has a lot to thank for China’s abundant supply of low-cost and pliant labor (for more on Apple read yesterday’s story).

Virtually every western manufacturer that has facilities or suppliers in China has been drawn there by one overriding goal– to make things cheaper.

But how much longer can Low Cost China continue to gain height as a business model?
(continue reading…)

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