Date
20 April 2019

Industrials

  • Miao Wei, minister of industry and information technology, said China will gradually reduce the government’s micro-management and direct intervention in the manufacturing sector. Photo: CNSA

    China vows to reduce state intervention in industrial sector

    Mar 25, 2019 1:56pm
    China will reduce direct government intervention in its vast industrial sector, the industry minister said on Monday, as Beijing seeks to ease concerns about its industrial policy, core to Washington’s complaints in the Sino-US trade war....
  • Bangladesh is the world’s second-largest garment exporter, after China. Photo: Reuters

    Bangladesh: a new frontier for Hong Kong companies

    - Mar 7, 2019 8:01am
    In a district of northern Bangladesh, Hong Kong entrepreneur Felix Chang employs 18,000 people in four factories making hair products. They account for 90 percent of his company’s revenue, against 10 percent from three plants in...
  • General Electric lost two-thirds of its market value in the last two years amid a series of operational and investment missteps. Photo: AFP

    GE inks US$21 billion biopharma sale to Danaher

    Feb 26, 2019 9:12am
    General Electric said it will sell its biopharma business to Danaher Corp. for US$21.4 billion in the biggest strategy reversal since Lawrence Culp took over as the industrial conglomerate’s chief executive in September, Reuters reports. GE...
  • CMIG had sought to combine state support with the efficiency of private firms to focus on strategic investments in finance, steel, solar energy and shipbuilding. Photo: CMIG

    How China private investment giant CMIG got mired in debt crisis

    - Feb 18, 2019 1:17pm
    China Minsheng Investment Group (CMIG) recently failed to make a bond repayment.  The group was jointly set up by 59 businessmen in 2014. Chinese Premier Li Keqiang attended the signing ceremony back then, underlying the central...
  • Arunachalam Muruganantham and his pad-making machines. Photo: DesignForFreedom/YouTube

    What a Bollywood movie tells us about the economy

    - Jan 18, 2019 6:08pm
    Some are worried that the global economic growth may run out of steam if the world’s largest growth engine, China, shifts to a lower gear.  A recent Bollywood movie, Pad Man, may offer some insight as to...
  • Tesla will save considerable amounts in logistics and production costs when it opens its Shanghai factory. Photo: Reuters

    Why Chinese automakers may not benefit from any US trade deal

    - Jan 9, 2019 5:02pm
    The fresh round of vice-ministerial-level trade talks between US and China had a good start this week. Chinese Vice Premier Liu He made a surprise appearance at the meeting, sending a positive signal and helping lift...
  • China's industrial output rose 5.4 percent year-on-year in November, the slowest in nearly three years as the economy lost further momentum. Photo: AFP

    China consumers, factories feel deepening economic gloom

    Dec 14, 2018 1:16pm
    China’s November retail sales grew at their weakest pace since 2003 and industrial output rose the least in nearly three years as the economy lost further momentum, heaping pressure on Beijing to defuse its trade dispute...
  • United Technologies Corp. has been under pressure from activist investors to split the sprawling jet engine-to-air conditioner group. Photo: Reuters

    United Technologies to split into three companies

    Nov 27, 2018 8:27am
    United Technologies Corp. said it will separate into three companies consisting of its aerospace unit, Otis elevators division and its Carrier air-conditioning business, Reuters reports. The company has been under pressure from activist investors to split...
  • Johnson Controls’ power solutions business makes and distributes about 154 million lead-acid batteries for passenger cars and light trucks annually. Photo: Reuters

    Johnson Controls sells power business for US$13.2 billion

    Nov 14, 2018 9:20am
    Johnson Controls International Plc said it will sell its power solutions business, which makes car batteries, to investment firm Brookfield Business Partners LP, in a cash deal valued at US$13.2 billion. Shares of Johnson Controls were...
  • Shenzhen skyline: US companies operating in China believe they are suffering more from the trade dispute than firms from other countries, a survey finds. Photo: Xinhua

    Many US firms in China plan to relocate as trade war bites: poll

    Oct 30, 2018 9:03am
    More than 70 percent of US firms operating in southern China are considering delaying further investment there and moving some or all of their manufacturing to other countries as the trade war bites into profits, Reuters...
  • Tariff moves by the US on steel and aluminum constitute an act of protectionism that seriously undermines multinational trade rules, China says. Photo: Reuters

    China seeks WTO panel to discuss US steel, aluminum tariffs

    Oct 19, 2018 9:09am
    China has asked the World Trade Organization (WTO) to establish an expert group to determine the legality of tariffs imposed by the United States on steel and aluminum, Reuters reports. China’s commerce ministry was quoted as...
  • HNA is under pressure to cut its huge debt and restructure after a US$50 billion acquisition spree in recent years. Photo: Bloomberg

    HNA lists property assets worth US$11 billion for sale

    Oct 10, 2018 9:58am
    Chinese conglomerate HNA Group has put up for sale property assets worth at least US$11 billion, according to documents seen by Reuters, accelerating a push to cut its large debt and restructure. Two sets of documents...
  • Under the General Data Protection Regulation, EU regulators have the power to impose fines of up to 4 percent of global revenue or 20 million euros (US$23 million), whichever is higher, for violations. Photo: Reuters

    First round of fines under new EU privacy law seen by year-end

    Oct 10, 2018 8:45am
    European regulators are set to exercise their new powers by handing out fines and even temporary bans on companies that breach a new EU privacy law, with the first round of sanctions expected by the end...
  • General Electric, Tesla and Pfizer have announced the replacement of their heads. Photo: Reuters/AFP/Bloomberg

    October begins with big executive changes in corporate America

    - Oct 2, 2018 2:25pm
    The first of October is the China’s national day. In the United States, it may as well be executive retirement day for several big companies. Three big corporates announced the replacement of their heads, and their shares subsequently...
  • Larry Culp, 55, who was named to GE’s board in February, was CEO of industrial equipment supplier Danaher Corp. from 2000 to 2014. Photo: Reuters

    GE shares soar after CEO replaced with outsider

    Oct 2, 2018 9:02am
    General Electric Co. ousted chief executive John Flannery in a surprise move, replacing him with outsider and board member Larry Culp, Reuters reports. The struggling energy, health and transportation conglomerate also said it would take a...
  • Boeing aims to deliver the first training jets in 2023 with the program to reach full operation in 2034. Photo: Reuters

    Boeing wins US$9.2 billion deal for new Air Force training jet

    Sep 28, 2018 9:20am
    The US Air Force said it has selected Boeing Co. to build its next training jet in a contract worth up to US$9.2 billion over the life of the program, Reuters reports. Boeing teamed up with...
  • Chinese consumers are likely to opt for European cars in greater numbers following a rise in tariffs on vehicles imported from the US. Photo: Reuters

    How the trade war may affect China auto sector

    - Sep 26, 2018 3:03pm
    China has hiked tariffs on US imported vehicles but simultaneously lowered tariffs on automobiles from other countries alongside promoting foreign ownership in the industry. We think this is a response to the intensifying trade dispute and...
  • SK Hynix, which makes computer memory chips, is moving the production of certain chip modules back to South Korea from China. Photo: Bloomberg

    Asian firms shift production from China as US tariffs hit

    Sep 24, 2018 11:58am
    A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump’s...
  • Heineken will take a 40 percent stake in CR Beer for HK$24.35 billion, giving the Dutch brewer a strong distribution network in China and greater access to one of the world’s fastest-growing premium beer sectors. Photo: Bloomberg

    Heineken seals US$3.1 billion tie-up with China Resources Beer

    Aug 3, 2018 12:45pm
    Heineken NV has struck a US$3.1 billion partnership with a company that controls China’s largest brewer, China Resources Beer Co. Ltd. (00291.HK), Reuters reports. The deal will see Heineken, the world’s No. 2 brewer, take a...
  • Matthias Herrmann, managing director of Roy Ceramics, believes there is still some way to go for China when it comes to pursuing intelligent manufacturing. Photo: HKEJ

    How a bathroom ceramics firm is riding Germany’s ‘Industry 4.0′

    - Jul 30, 2018 4:23pm
    In 2012, Germany launched the concept of “Industry 4.0″ in its manufacturing sector. Three years later, China implemented a similar initiative, dubbed “Made in China 2025″ plan, to modernize the country’s manufacturing through technological upgrades, and...

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