chinese

Country Garden builds ‘world’s first’ robot restaurant in China

June 24, 2020 by Mai Tao Leave a Comment

Country Garden says it has built what it claims is “the world’s first-ever robot restaurant complex” in Guangdong, China.

The modern eaterie was opened on June 22 by Qianxi Robot Catering Group, a subsidiary of Country Garden. The location is Shunde, a city in China’s Guangdong province.

Powered by the latest in advanced technologies, the restaurant has separate sections for Chinese food, hot pot and fast food and features a wide selection of dishes, each one of which is delivered to the waiting diner within seconds. [Read more…] about Country Garden builds ‘world’s first’ robot restaurant in China

The impact of coronavirus on e-commerce with China

June 8, 2020 by David Edwards Leave a Comment

By Matt Rivera, marketing and business expansion advisor for Asian markets in China

The spread of coronavirus has undoubtedly shifted the entire global economy. Businesses of almost every sector needed to rapidly react and navigate the challenges presented by the virus to quickly overcome them and move forward.

The Covid-19 pandemic continues to surge in Italy, Germany, Spain and nearly all over the world. Businesses in major global cities such as Rome and New York have been gravely affected by this unfortunate turn of events.

Companies are scrambling to mobilize responses, but the unpredictable nature of the virus, coupled with the obvious under-preparedness by business executives and government leaders, these responses have brought little to no success. [Read more…] about The impact of coronavirus on e-commerce with China

Airbus partners with Chinese aviation industry on final assembly

September 18, 2019 by Mai Tao

Airbus has partnered with a Chinese aviation company on the final stages of its aircraft assembly.

The new deal brings the value of the European aerospace giant’s co-operation agreements in China to approximately $1 billion.

Airbus says the measure reaffirms its commitment to its long-term strategic partnership with China’s aviation industry. The new agreement is with Aviation Industry Corporation of China (AVIC), and is designed to deepen industrial cooperation on Airbus single-aisle production. [Read more…] about Airbus partners with Chinese aviation industry on final assembly

ZF and Foton open joint facility in China to produce automated commercial vehicles

July 9, 2019 by Mai Tao

German automotive components giant ZF Friedrichshafen and Chinese commercial vehicles manufacturer Foton have jointly opened a facility to produce automated commercial vehicles.

The joint plant in Jiaxing will produce automatic commercial vehicle transmissions for the Chinese market, and the partners say they see “excellent market potential for automated commercial vehicles in the next five years”.

At the end of 2016, ZF entered into two joint ventures with Foton, a Chinese commercial vehicle manufacturer, to produce and sell commercial vehicle transmissions. [Read more…] about ZF and Foton open joint facility in China to produce automated commercial vehicles

Chinese media clamour suggests restrictions on rare earth metals exports to US

May 29, 2019 by Mai Tao

Chinese media outlets are raising the possibility of restrictions on the export of rare earth metals to the US.

The move could be the most effective response to US President Donald Trump’s decision to increase and broaden import tariffs on Chinese goods into the country.

According to the South China Morning Post, the ruling Communist Party’s propaganda outlet, People’s Daily, said in a commentary: “The Chinese people would never agree to the US using products made from rare earths exported from China to curb and suppress China’s development.” [Read more…] about Chinese media clamour suggests restrictions on rare earth metals exports to US

Trump trade tariffs to hit $300 billion worth of Chinese goods

May 14, 2019 by Mai Tao

US President Donald Trump’s proposed increase in tariffs will hit $350 billion worth of goods imported from China, according to economic analysts.

Trump announced his intention to impose the additional tariffs recently in a tweet, but the US and China are currently locked in trade talks and there may be some modifications to the proposal.

The effects of his announcement, however, have been far-reaching, and are said to be the reason for the $1 trillion fall in share prices around the world.

[Read more…]

Chinese exporters accuse Trump of not playing by the rules

May 7, 2019 by Mai Tao

Chinese export companies have strongly criticized President Donald Trump for deciding to increase tariffs on imports into the US by another 10 percent, bringing them up to 25 percent for hundreds of billions of dollars’ worth of manufactured goods.

Comments reported by the South China Morning Post say Chinese exporters are decrying Trump as a business “killer” who “never plays by the rules”.

One exporter, Liao Yu, who produces bags and suitcases, said: “A 25 per cent [tariff] will kill everyone.”

[Read more…]

Ekso Bionics in $100 million joint venture to develop the exoskeleton market in Asia

May 7, 2019 by Anna

Ekso Bionics, Inc. is to establish a joint venture to develop and serve the exoskeleton market in China and other Asian markets and to create a global exoskeleton manufacturing centre.

It will partner with Zhejiang Youchuang Venture Capital Investment Co., Ltd (ZYVC) and Zhejiang Silicon Paradise Asset Management Group.

The joint venture will develop, sell and support exoskeleton products into China, Hong Kong, Singapore, and Malaysia, and will be capitalized at greater than $100 million over its term.

[Read more…]

Trump to raise tariffs on China goods to 25 percent

May 6, 2019 by Mai Tao

US President Donald Trump is preparing to raise tariffs on Chinese imports to 25 percent from the current 15 percent.

The levies will affect approximately $350 billion worth of Chinese exports to America.

Trump made the announcement through Twitter. He tweeted: “For 10 months, China has been paying tariffs to the USA of 25 percent on $50 billion dollars of high-tech, and 10 percent on $200 billion of other goods.

[Read more…]