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China plucks Canada Goose caught in crossfire of Huawei arrest

Written by Tony Harkén on torsdag, 13 december 2018. Posted in Right left 1, Kina, Artiklar om Kina, Main 6

Canada Goose stock saw a dramatic plunge after Chinese social media reportedly urged the country’s consumers to boycott the world-famous brand amid the recent detention of Huawei finance chief by Canadian authorities.

Shares of the Toronto-based clothing company, whose parkas go for $1000, dropped nearly 20 percent over just four days. At the same time, shares of a Hong Kong-based apparel maker, Bosideng, surged around 13 percent, hitting a five-year high.

Read more at RT

Michael Kovrig: Canadian ex-diplomat 'held in China'

Written by Tony Harkén on onsdag, 12 december 2018. Posted in Right right 1, Kina, Artiklar om Kina, Right 2

A Canadian, reported to be a former diplomat, has been detained in China and his current employer says it is working for his prompt release.

The news comes days after Canada arrested a top executive of the Chinese telecoms giant Huawei.

Read more at BBC

Chinese province pledges billions to drive tech, innovation

Written by Tony Harkén on tisdag, 11 december 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

China's coastal province of Zhejiang, home to e-commerce giant Alibaba , has pledged more than $17 billion to drive the tech industry and innovation in the coming five years, the state news agency Xinhua reported.

The plan comes at a time when central and local governments around China are taking increasing steps to boost the struggling private sector and enhance the competitiveness of the country’s home-grown technology firms.

Read more at - Chinese province pledges billions to drive tech

Huawei arrest stokes fears of China reprisals among America Inc executives

Written by Tony Harkén on måndag, 10 december 2018. Posted in Kina, Artiklar om Kina, Left 1, Right 1, Right bottom - 8st

A closed-door security meeting of U.S. companies in Singapore on Thursday.

One topic was high on the agenda: the arrest of a top executive at Chinese tech giant Huawei [HWT.UL] and the potential backlash on American firms operating in China.

Officials from major U.S. companies who attended the event, a scheduled meeting of the local chapter of the U.S. Department of State’s Overseas Security Advisory Council (OSAC), voiced concerns about retaliation against American firms and their executives, two people with knowledge of the meeting said.

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China warns of ‘serious consequences’ if Canada doesn't release detained Huawei executive

Written by Tony Harkén on söndag, 09 december 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

Beijing has threatened Ottawa with consequences if it doesn't release Huawei's chief financial officer.

The executive was detained over her alleged connection with a company that tried to smuggle embargoed phones into Iran.

“China strongly urges the Canadian side to immediately release the detained person, and earnestly protect their lawful, legitimate rights, otherwise Canada must accept full responsibility for the serious consequences caused,” Vice Foreign Minister Le Yucheng said on Saturday.

Read more at - China warns of ‘serious consequences’

Huawei CFO arrested in Canada on suspicion of violating US sanctions

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Main 1, Right bottom - 8st

Meng Wanzhou faces extradition to the US as Asian shares plunge amid fears of worsening relations between Washington and Beijing.

Canada has arrestedHuawei’s global chief financial officer in Vancouver, where she is facing extradition to the US in a move likely to exacerbate tensions between the US and China.

Read more at - Huawei CFO arrested in Canada

Reuters Investigates - Tracking China’s Muslim Gulag

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Left 2 - 3st, Right 2

China is accused of incarcerating hundreds of thousands of Muslims in detention camps that are rising from the desert sands in Xinjiang.

A forensic analysis of satellite images of 39 of these facilities shows they are expanding rapidly.

Uighurs have bristled at what they say are harsh restrictions on their culture and religion.

They have faced periodic crackdowns, which intensified after riots in the regional capital in Urumqi in 2009 killed nearly 200 people.

Bombings in Xinjiang and attacks allegedly carried out by Uighur separatists, including a mass stabbing in the city of Kunming in China’s southwest in 2014 that killed 31 people, led to further restrictions.

Reuters Investigates - Tracking China’s Muslim Gulag

How China Is Buying Its Way Into Europe

Written by Tony Harkén on torsdag, 06 december 2018. Posted in Kina, Artiklar om Kina, Main 3, Right bottom - 8st

For more than a decade, Chinese political and corporate leaders have been scouring the globe with seemingly bottomless wallets in hand.

From Asia to Africa, the U.S. and Latin America, the results are hard to ignore as China has asserted itself as an emerging world power. Less well known is China’s diffuse but expanding footprint in Europe.

Take part of a long read from Bloomberg - By Andre Tartar, Mira Rojanasakul and Jeremy Scott Diamond - How China Is Buying Its Way Into Europe

Russia’s Rosneft aims for $500bn worth of energy deals with China

Written by Tony Harkén on fredag, 30 november 2018. Posted in Kina, Artiklar om Kina, Main 4, Left 1, Right bottom - 8st

Russian energy major Rosneft has a “leading role” to play in ensuring China’s energy security, according to the company’s Chief Executive Igor Sechin.

Speaking at the first Russian-Chinese Energy Forum in Beijing, he said the total volume of Rosneft’s crude shipments to China is expected to exceed 50 million tons this year. “Rosneft is one of the leaders in terms of petrochemical supplies to China,” he said.

According to Sechin, the company supplied about 40 million tons of oil last year, “thereby providing about 6.5 percent of China’s total raw materials demand.”

More information at RT

China defends holding fugitive businessman's US children

Written by Tony Harkén on onsdag, 28 november 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

Chinese officials have defended their decision to bar three US citizens from leaving the country, saying they are suspected of "economic crimes".

Victor and Cynthia Liu, children of a fugitive businessman, and their mother, Sandra Han, have been detained since June, the New York Times reported.

The US Department of State confirmed to the BBC that they are in "close contact" with the adult Liu children.

Their father, Liu Changming, is wanted in a $1.4bn (£1bn) fraud case in China.

Read more atBBC

Google urged to drop Chinese 'Dragonfly' project

Written by Tony Harkén on onsdag, 28 november 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

Google workers demand end to censored Chinese search project.

More than 200 engineers, designers and managers at Alphabet Inc’s Google demanded in an open letter on Tuesday that the company end development of a censored search engine for Chinese users, escalating earlier protests against the secretive project.

Read more atGoogle workers demand end to censored Chinese search project.

Sandvik förvärvar kinesiska OSK

Written by Tony Harkén on tisdag, 27 november 2018. Posted in Kina, Artiklar om Kina, Main 2, Main 8 - 3st

Seco Tools, en division inom Sandvik Machining Solutions, har ingått avtal om att förvärva det kinesiska bolaget Kunshan Ousike Precision Tools Co., Ltd (OSK), en ledande tillverkare av solida runda hårdmetallverktyg.

Förvärvet stärker framförallt positionen och produkterbjudandet till den snabbväxande kinesiska elektronikindustrin.

− Förvärvet är i linje med Sandvik Machining Solutions avsikt att växa affären inom solida hårdmetallverktyg. Vi har en stark position på kinesiska marknaden och OSK för oss än närmare kunderna, säger Klas Forsström, chef för Sandvik Machining Solutions.

− Jag är mycket nöjd att vi har slutit ett avtal om att förvärva OSK och inkludera dem i Seco-familjen. OSK:s kunder finns primärt inom elektronik- och formbearbetningsindustrin och det här är ett viktigt steg för Seco för att förbättra sin position på den snabbt växande kinesiska marknaden. Kombinationen av våra respektive expertkunskaper kommer att stärka produkterbjudandet till våra kunder, säger Lars Bergström, chef för Seco Tools.

Under 2017 hade OSK intäkter om 120 miljoner SEK och 90 anställda.

Parterna har enats om att inte offentliggöra köpeskillingen. Affären har en positiv effekt på Sandviks vinst per aktie från start.

Transaktionen förväntas avslutas under första halvåret 2019 efter godkännande av berörda myndigheter.

Red Hat deal makes China’s tech giants chase clouds

Written by Tony Harkén on fredag, 02 november 2018. Posted in Kina, Artiklar om Kina, Main 2, Right bottom - 8st

‘For Chinese business leaders, the hesitation to adopt cloud technologies isn’t just an IT issue – it’s at the root of a much larger problem’.

“Cloud will provide the digital infrastructure of tomorrow’s cities, where an estimated six billion of the world’s population will live by 2045,” Joy Tan, who leads the communications and branding team at Huawei, the Chinese telecom group, said. “Smart elevators and parking lots, driverless cars and drone taxis, trains and subways, farms and power plants – all will be safer and better managed, thanks to the cloud’s ability to store and analyze data.”

Read more at - Red Hat deal makes China’s tech giants chase clouds

Trade war cost

Written by Tony Harkén on tisdag, 16 oktober 2018. Posted in Kina, Artiklar om Kina, Main 1, Right bottom - 8st

China's third quarter GDP growth seen hitting lowest since 2009 - Reuters poll

At week’s end, global investors and policy makers will likely be given a stark reminder of the costs of a bitter Sino-U.S. trade war, with a Reuters poll predicting that China’s third-quarter growth will slow to its weakest pace since the global financial crisis.

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Warning shot? China sells US Treasury bonds amid trade war

Written by Tony Harkén on söndag, 14 oktober 2018. Posted in Kina, Artiklar om Kina, Left 1, Left 2 - 3st

China has sold $3 billion of sovereign dollar bonds.

This is only the third such move by Beijing in the last 14 years, and the first involving bonds with a 30-year maturity.

China sold $1.5 billion of five-year bonds at 3.25 percent, $1 billion of 10-year bonds at 3.5 percent, and $500 million of 30-year bonds at four percent, the Finance Ministry said on Friday, as quoted by Reuters.

Read more at -https://on.rt.com/9ge2

BMW to buy control of China venture in 'new era' for foreign carmakers

Written by Tony Harkén on lördag, 13 oktober 2018. Posted in Kina, Artiklar om Kina, Main 4, Right bottom - 8st

Germany's BMW will pay 3.6 billion euros (US$4.2 billion) to take control of its main joint venture in China, the first such move by a global carmaker as Beijing starts to relax ownership rules for the world's biggest auto market.

The luxury carmaker said on Thursday it would increase its stake in its venture with Brilliance China Automotive Holdings Ltd to 75 percent from 50 percent, with the deal closing in 2022 when rules capping foreign ownership for all auto ventures are lifted.

Read more at - www.channelnewsasia.com/news/business/bmw-to-buy-control-of-china-venture-in--new-era--for-foreign-carmakers-10819416

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