China Economy Forum

[TaiShang]

South Korean firms investing in China's automotive plastics sector

South Korean suppliers are continuing to invest in that country to keep up with latest trends.

Automotive compounder Kopla Co. Ltd. is investing $45 million to build a production base in Changshu, China. The Siheung, South Korea-based company has recently signed an agreement on the project, according to an Oct. 14 announcement from the Changshu New & Hi-tech Industrial Development Zone.

Kopla will build a 25,000-square-meter facility in Changshu to produce high-performance composite materials for the automotive industry. It anticipates 1 billion yuan of annual sales from the plant once production starts.

The company also will set up a R&D center in Changshu and work on new product development projects with major OEMs including General Motors, Hyundai and Kia, the statement said.

Ulsan, South Korea-based automotive molder Hanil E-Hwa Co. Ltd. also is building capacity in China, with plans to invest $33 million in an interior parts manufacturing facility in Cangzhou, in Hebei province. The Cangzhou local government announced the project last month and expects the facility to reach capacity of 250,000 sets of interior parts annually.

Incheon, South Korea-based Top Metal Works Co. Ltd. is co-investing $13 million with Shanghai Yongli Belting Co. Ltd. to build a joint venture injection molding plant, also in Cangzhou. The factory will make interior panels, door panels and beams for Hyundai’s upcoming assembly plant in Cangzhou.

The Hyundai Cangzhou plant started construction in April and is expected to launch by the end of next year. It has created a flurry of investments by its suppliers such as Hyundai Mobis Co. Ltd. and Hyundai Dymos Inc.

 

[zeronet]

The report specifically mentioned greenfield investment idiot so much for being a high IQ Han can't even read news properly like most of his countrymen

According to that report, India received US$31Billion FDI in greenfield during the first half yr 2015,
while according to your government's official report, the total FDI for H1 2015 in India was US$19.4Billion.
Is this where vedic Math is functional?

 

[Dungeness]

The report specifically mentioned greenfield investment idiot so much for being a high IQ Han can't even read news properly like most of his countrymen

Funny, I read the comments on that thread, and it seems Indian members were as confused as Chinese if not more. At least Chinese people did not believe the title, but Indians were actually celebrating. You tell me, who have IQ problem?

 

[nik141991]

According to that report, India received US$31Billion FDI in greenfield during the first half yr 2015,
while according to your government's official report, the total FDI for H1 2015 in India was US$19.4Billion.
Is this where vedic Math is functional?

Another high IQ Chinese product read this & don't quote me again http://www.investopedia.com/ask/answers/071615/what-difference-between-greenfield-investment-and-regular-investment.asp

Funny, I read the comments on that thread, and it seems Indian members were as confused as Chinese if not more. At least Chinese people did not believe the title, but Indians were actually celebrating. You tell me, who have IQ problem?

Most of them have known it was Greenfield investment as quoted by several members

 

[Dungeness]

Another high IQ Chinese product read this & don't quote me again What is the difference between a greenfield investment and a regular investment?

Most of them have known it was Greenfield investment as quoted by several members

Another high IQ Chinese product read this & don't quote me again What is the difference between a greenfield investment and a regular investment?

Most of them have known it was Greenfield investment as quoted by several members

So the misleading title was there to fool the masses on purpose?

 

[nik141991]

So the misleading title was there to fool the masses on purpose?

Yes for mostly high IQ Hans who only read headlines & not the article

 

[Dungeness]

Yes for mostly high IQ Hans who only read headlines & not the article

Now I get it. The titles of Indian media are not to be trusted. No wonder you guys have parties all the time.

 

[Alphacharlie]

China’s contracted FDI surges over 50% as investors confident
By Wang Yanlin | October 21, 2015, Wednesday

CONTRACTED foreign direct investment in China surged more than 50 percent in the first nine months of this year, indicating confidence among foreign investors even as the country’s economy slowed.

China’s contracted investments with top American companies were worth US$5.83 billion in the first three quarters. Several well-known firms including Ford Motor Co, Air Products and Chemicals Inc, Eli Lilly & Co, and Amazon have decided to raise their investment in China.

Meanwhile, contracted investments from South Korea jumped 66.5 percent in the January-September period and that from Germany surged 41.1 percent, Shen said, without giving more details.

The continued inflow of foreign investments into China has helped the country to retain the top ranking as the world’s most attractive spot for foreign investment made by the United Nations Conference on Trade and Development, Shen Danyang, a Ministry of Commerce spokesman, said yesterday.

A recent Financial Times report said that India attracted more foreign investments than China in the first half, but the source of the data was unclear. In response, Shen said the official data from the Indian government showed its foreign direct investment was US$19.4 billion in the first six months, compared with China’s US$68.4 billion.

China’s foreign direct investment, which has been put in place, added 9 percent from a year earlier to US$94.9 billion in the first nine months, with 18,980 new foreign-invested firms being established, according to the ministry data.

China’s eastern areas continued to lure a majority, which totaled US$80.5 billion, an increase of 10.1 percent from a year earlier. Foreign direct investment in central areas rose 0.3 percent, and in western areas added 2.2 percent.

In the first three quarters, foreign direct investment being channeled to the service sector jumped 19.2 percent to US$57.9 billion, leading the growth and taking up 61.1 percent of the total. Capital going into high-tech services rocketed 57.6 percent.

***

Wow !! Congratulations....

If this was True then Why Your Stock Exchange is Nose Diving !!

 

[oproh]

Wow !! Congratulations....

If this was True then Why Your Stock Exchange is Nose Diving !!

That news is so last month, next please.

 

[TaiShang]

Now I get. The titles of Indian media are not to be trusted. No wonder you guys have parties all the time.

That's because they have been enjoying being a great power since 2012 in Vedic calendar.

 

[JSCh]

Google picks up stake in Chinese company Mobvoi
By GAO YUAN (China Daily) Updated: 2015-10-22 07:31

Beijing-based artificial intelligence firm gets $75 million as funding from technology giant

Google Inc made a rare investment in China, indicating the search engine's return is around the corner.

The United States-based search engine took a minority stake in Chinese artificial intelligence startup Mobvoi, a Beijing-based firm founded by former Google employees. The latter said on Tuesday evening it has received a $75-million investment in its latest round of funding led by Google.

Both companies did not disclose the size of Google's investment.

Li Yuanyuan, co-founder of Mobvoi, said the Chinese management team kept "absolute control" over the company.

"We were a close partner with Google in China before the deal. Now that Google has become an investor, it gives both sides more possibilities to work together," Li said.

Don Harrison, vice-president of corporate development for Google, said in a statement Google decided to invest in Mobvoi because of its "unique" speech and natural language processing technologies.

But the Chinese company's ability to support Google in its push for wearable operating system Android Wear gave the US company another reason to write the check, it is learned.

Mobvoi developed Ticwear, the first Chinese-language operating system used on wearable devices. Because Google's own Android Wear system is not fully available on the Chinese mainland, Ticwear could be an appropriate substitute.

Ticwear is already comparable with a wide spectrum of Android Wear apps. The Chinese company also makes smart watches that can install Android apps.

Google's investment in Mobvoi is its first in China since 2010. Joan Wang, managing director at venture capital firm SIG Asia Investment, said Google will help Mobvoi further commercialize its products as well as expand overseas.

Google pulled its major services－including online search, e-mail and mapping－out of the Chinese mainland five years ago due to disagreements over industry regulations.

Chinese players such as Baidu Inc quickly dominated the massive market the US company vacated.

Google has never completely abandoned the Chinese mainland market though. It kept a fairly large engineering and sales team in Beijing even at its lowest point.

Currently, the company's major service in China involves helping Chinese companies launch online advertisements overseas.

But after missing out on the high double-digit growth of Chinese smartphone market since 2010, Google appears to have decided to return to the world's largest Internet market full throttle, some industry observers said.

Some local Android app developers had said Google may announce its plans to return to the Chinese mainland in coming months. But the company refused to confirm this talk.

 

[AndrewJin]

That's because they have been enjoying being a great power since 2012 in Vedic calendar.

I am very confident in Hindu marvel of 2012, soon!

 

[Jlaw]

@cirr @TaiShang
Please stop posting these China collapsing articles

 

[AndrewJin]

@cirr @TaiShang
Please stop posting these China collapsing articles

+1

 

[AndrewJin]

Now I get it. The titles of Indian media are not to be trusted. No wonder you guys have parties all the time.

If u read their Hindu news website, you may think a super power of the universe exists where there is no monthly deadly train accident, no bus $&@&, no corruption, what they have is cricket, white skin Bollywood stars and 2012 greatness.