News Update

China Insight to attend the BCC-CCPIT Business Meeting in London on 9th December.

This is a high level multi-sector Chinese business delegation, consisting of 40 delegates from 30 companies, to present a wide range of opportunities in export to China, investment, technology project cooperation and R&D in the following sectors:

* Manufacturers in Mechanical Engineering & Electronics

* Telcom, IT & Software

* Construction, Furniture & Chemicals

* Medicine & Food

* Finance, Asset Management & Logistic Services

* Local Government & International Trade and Investment

* Chambers of Commerce

Key decision makers, including company chairmen and presidents, will be coming together to seek opportunities within the UK market.

China insight will be building a cultural/negotiation link between the Chinese delegation and Western attendees.

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China Insight attends the Doing Business in Asia conference in London.

A UK Trade & Investment  organised event designed to help UK businesses identify opportunities in Asia.  The plenary session was opened by Peter Mandelson and followed up by several small workshops focusing on various countries in the region and then various one2one sessions.  A further event was planned for the following day in Manchester.

The consensus at the London event was that whilst the British Government "talks the talk", the jury is still out whether it actually "walks the walk"?  Comments were made regarding lack of support from the Exports Guarantee scheme and the limited business cultural advice and information that is available through UKTI and CBBC (China Britain Business Council). 

China Insight cannot help with credits guarantee, but we can and do assist many organisations with Chinese culture/negotiating issues.

June 3rd

BiMBA request.

Beijing University asked China insight to provide a programme for an International MBA programme in Beijing in August.

June 1st

Pearson boosts English Centres in China.

Pearson more than doubled the size of its English language operations in China through a $145 million deal with Carlyle, the private equity group.  The owner of the Financial Times bought Wall Street English from Carlyle's Wall Street Institute Venture at a price equivilent to 2.1 times revenue. 

Financial Times - April 16th

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China Insight & Volkswagen Group China

China Insight successfully completed the first Volkswagen workshop in Beijing assisting the Western management and Chinese staff better understand each others cultural and business methodology, so that the company can be much more effective both internally and externally.   A second workshop is scheduled for August.

March 24th

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Chery, Fiat postpone venture.

Chery Automobile Co. and Fiat SpA have postponed their plan to begin producing cars this year for the Chinese market because of the global economic downturn, Chery spokesman Jin Yibo said Thursday.

Wall Street Journal - March 20th

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Siemens gets $1b Chinese train order

German industrial conglomerate Siemens AG said it had received a 750 million euro ($1 billion) order for its share of a contract to deliver 100 high-speed trains to China.  The order includes the first trains for the new Beijing-Shanghai route, which are to be put in service at the end of 2010.

March 19th

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Chinese lenders to report record profits.

While their western counterparts struggle for survival, Chinese banks are now the first, second and third largest in the world by market capitalisation and will report record full-year 2008 profits in the coming weeks.

Financial Times - March 18th

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Via to help new PC makers enter the netbook market

Via technologies, Intel's smaller rival in the processor market, has pledged to help a new breed of low-cost Chinese manufacturers break into the netbook market in an initiative that could further squeeze PC makers' margins.

Financial Times - March 18th

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Exxon to build centre in China

ExxonMobile, the world's largest oil company, said its chemical unit will build a technology centre in Shanghai to support its "growing business in the Chinese and Asian markets".

Steve Pryor, head of ExxonMobile Chemical Co, said "Over the next 10 years we expect roughly 60 percent of the world's petrochemical growth to occur in Asia, and we are rapidly expanding our manufacturing footprint through major capacity additians in Fujian (Province), China and Singapore.

Financial Times - March 18th

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Telecoms rivals get in shape for overhaul.

The restructuring of the mainland;s telecommunications sector appears set to bear fruit.

Fixed-line giant China Telecom Corp is introducing 30 handsets for the launch of its 3G mobile network operations, while wireless operator China Mobile has entered its larger rival's turf with a competitive fixed-line telephone service.

South China Morning Post - March 17th

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Carmakers advance on vehicle subsidy for farmers.

Shares of carmakers rose after the government said it would give farmers a subsidy of as much as 5,000 yuan for buying a vehicle.

South China Morning Post - March 17th

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Huawei and China Insight discuss international negotiating team selection and training.

China Insight & Huawei are to have further talks in Hong Kong - 24/02/09

China Insight has had talks with Huawei a large Chinese electronics company regarding their need for training for their international  negotiation teams.

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China Insight assisted Westinghouse win a $5 billion contract in China

Hello Peter,

As you know, Westinghouse was selected for final negotiations over the
French. Our team is in China now working hard.

We overcame some huge obstacles to get where we are today, and you are a
part of that, thanks.

Best regards,
Mary A Garcia

Westinghouse Wins $5.3 Billion China Nuclear Contract

Bloomberg report - by Ying Lou and Wing-Gar Cheng
Dec. 16 (Bloomberg) -- China picked Toshiba Corp.'s Westinghouse Electric Co. for the biggest international nuclear reactor contract in history, trumping Areva SA for a project worth about $5.3 billion.

Westinghouse will build two reactors at Sanmen in Zhejiang province and two at Yangjiang in Guangdong, the U.S. Department of Energy said. U.S. Energy Secretary Samuel Bodman and Ma Kai, head of China's National Development and Reform Commission, signed the agreement in Beijing today.

The construction of the nuclear reactors will start in early 2007, Baton Rouge, Louisiana-based Shaw Group Inc., a Westinghouse partner on the project, said in a statement today. Shaw Group owns a 20 percent stake in Westinghouse.

The four reactors will be Westinghouse-designed AP 1000 units, with capacity of 1,100 megawatts each, the department said in the statement. The plants should start operating by 2013, Westinghouse President Stephen Tritch said.

Westinghouse agreed to transfer technology to China that could be used in the construction of more nuclear reactors in China during the next 15 to 20 years, Bodman said.
"The Chinese were very demanding,'' he said at the State Guest House, where the accord was signed. "Chairman Ma and the NDRC were very demanding,'' he said without elaborating.

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China Insight completes the first Volkswagen China East/West cultural training.