China Minmetals Non-ferrous Metals Co. Ltd. (CMN) has bought HPTec, Germany’s leading manufacturer of drills and cutters.

China Minmetals Non-ferrous Metals Co. Ltd. (CMN) is a subsidiary under the country’s metal and mineral giant China Minmetal Corp. (CMC), one of China’s leading importers and exporters of metals and minerals. As one of the Fortune 500, CMC’s operating revenue was $21.8 billion in 2007, with profits topping 7.1 billion yuan ($1.02 billion).

HPTec is founded in 1977 and has branches in Singapore, the Republic of Korea and China.

CMN said this move is to update its tungsten sector and it will have a 100% control of the Ravensburg-based company, the biggest European producer of printed circuit board (PCB)-use microcutting tools.

The acquisition is part of CMC’s strategy since 2002 to shift its business focus from metal trading to production.

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acquisition, China, CMC, CMN, Germany, HPTec, metal, mineral

Data recently released by Australian Bureau of Statistics shows that China has become Australia’s largest two-way trading partner (imports and exports of both goods and services) in 2007.

Total trade with China in 2007 grew 15% to 58 billion dollars (54.8 billion US dollars). Australia’s exports of goods to China rose 17% to 23.8 billion dollars, while services exports grew 18% to 3.9 billion dollars, given the strong growth in Chinese student enrolments.

Simon Crean, Australian Minister for Trade, said that the trade figures are a milestone in the development of Australia’s trading relationship with China.

“These figures show there is much potential for our trade to grow even further, which is why we are working hard to negotiate a free trade agreement with China,” Crean said in a statement. “We have made good progress in negotiating that agreement over the past month, and I look forward to further progress at our next talks in June.”

As is demonstrated by the trading figures, China has come into closer contact with other countries and regions in the world. For all business people looking for channels to get into the Chinese market, BPOVIA Ltd based in China can always be the source. Here clients can expect not only professional consultation services but also excellent virtual assistant services.

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Australia, BPOVIA, China, FTA, trade, Virtual Assistant

During the Third Central China Investment & Trade Exposition, or 2008 Central China Expo that was held in the capital city of Hubei province, the six provinces of Hubei, Hunan, Henan, Shanxi Jiangxi and Anhui attracted total foreign direct investment of $ 16.17 billion. Hubei also signed 26 contracts for projects worth 3.42 billion Yuan.

At the three-day annual fair, additional 11 cities were added in Central China, such as Xiangfan and Yichang in Hubei, to receive processing trade industries being shifted from the booming eastern region. Tian Changzhong, Hubei Vice-Governor said the expo would be a boost for the rise of Central China with the joint effort of the six provinces.

BPOVIA is also ready for you to invest in Central China, offering all kinds of business information you may need.

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Since last year, China has carried out special campaigns against environmental-polluting companies. All the violators will find it difficult to get loans besides export opportunities. Furthermore, the worst violators would face shutdowns of more than three years, according to government statements.

On this year’s Canto Fair, or the China Import and Export Fair, companies that were placed on a blacklist by environmental regulators were banned to exhibit, which meant huge losses for these companies.

During the spring session of Canton Fair which concluded on Wednesday, a great number of companies have introduced their “green” products, ranging from appliance, furniture to decorations and toys. What’s more, products using recycled materials were especially popular.

Chen Deming, Minister of Commerce, said China would maintain strict controls on polluting and energy-wasting companies, despite a tougher export situation.

As a respond to the appeal of environmental protection, virtual assistant business is developing quickly and “cleanly”. It has become a new doing-business type around the world—saving time, space, paper and money.

Our company, BPOVIA, will also help make a greener earth, while helping your business succeed.

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Due to strong domestic demands, China’s motor vehicle imports soared sharply in the first two months of this year.

From January to February, China imported 62,000 motor vehicles for $2.26 billion, up 82.6% and 93.4% respectively compared with the same period of last year. The growth rates were respectively 63.9 percentage points and 80.8 percentage points higher. In February alone, the imports were 33,000 vehicles, up 130%, the highest growth rate since January 2007.

Foreign-funded companies took up 67.4%, or 42,000 vehicles, of the country’s total imports in the first two months. And wholly-owned foreign firms imported 35,000 vehicles, up 96.5%.

Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6%, or 25,000 units, up 45.6 %.

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Besides reliable clientele and fine quality, another reason that Cai is so confident is that his company is capable for innovation.

They have enough outstanding designers in overseas and dozens of others doing research and development. “Quite a number of our products are sold overseas carrying the Quanyu trademark,” Cai said. Read more…

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China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy

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According to Guo Zhuocai, Huawei director and president of the Chenghai Toys Association, the market is to unsteady to be predictable and everything became more expensive.

90% of Huawei’s products, including remote-control toys, electronic dolls and robots are sold to overseas markets. Read more…

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China, crisis, economy, export, Guangdong, manufacturing, Shantou, toy

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At present, a dozen cultural companies have signed rental contracts with the center that can accommodate between 2,000 and 5,ooo people, and a total of 200 members are expected to move in by the end of 2009. They include performing arts companies, TV and movie production firms, publishing houses, cartoon and animation producers and others. Cultural-related companies keep showing strong interests such as four branch companies under the Xinhua Media have already settled in the building. Read more…

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China, economy, industry, opportunity, service, Shanghai