Monthly Archives: January 2021

Siemens Healthineers Asia Pacific President: China market is attractive, will continue to invest here

“China is an attractive market for Siemens Healthineers, and it’s a market we’ve valued for many years.” Tao Lin, president of Siemens Healthineers Asia Pacific, recently said this about the Chinese market in an interview including a reporter from

Posted in cmgmnews Tagged with:

Starbucks’ first-quarter net profit dropped by nearly 30% but is bullish on the Chinese market

Affected by the global epidemic, the Chinese market has become a “life-saving straw” for Starbucks (SBUX.US). On January 27, Starbucks, the world’s largest coffee chain company, released a performance report for the first fiscal quarter of 2021 (October 2020-December 2020).

Posted in cmgmnews Tagged with:

L’Occitane’s US branch filed for bankruptcy, but it keeps double-digit growth in China

At present, there has been a sharp contrast between China’s domestic and foreign consumer markets. China’s consumer market is recovering strength. The current situation of consumer markets in many countries still affected by the pandemic is very worrying. The United

Posted in cmgmnews Tagged with: ,

Another foreign company leaves Shenzhen with thousands of workers dismissed

The Chinese media Securities Times reported on January 27 that in recent years, as the former manufacturing capital, Shenzhen has successively seeing moving-away some foreign-funded factories in the process of economic development and industrial upgrading, including some well-known foreign-funded factories,

Posted in cmgmnews Tagged with:

Volkswagen accelerates its electric car strategy in China

In 2020, under the dual pressure of economic contraction and the COVID pandemic, the total sales of China’s auto market fell to about 20 million vehicles, a year-on-year decrease of about 6%, which has led to fiercer competition for the

Posted in cmgmnews Tagged with:

Foreign weblebrities make millions by boasting China on Douyin

Nowadays, the weblebrity business is booming in China, and it is no longer limited to Chinese posters. While Chinese Internet celebrities such as Li Ziqi and Office Xiaoye went famous overseas, those foreign Internet celebrities also came across the oceans

Posted in cmgmnews Tagged with:

Chinese think tank recommends ‘limited’ admission of Google and Facebook to China

According to the latest Chinese media reports, the Chinese think tank “Center for China and Globalization” has released the latest report recommending Beijing to relax Google, Twitter and Facebook and other US technology giants to invest in China in exchange for

Posted in cmgmnews Tagged with: , , , ,

Biden’s Marine One and Air Force One will both have Chinese-made parts

Starting in the summer of 2021, the Sikorsky VH-92A helicopter will replace the VH-3D and VH-60 helicopters as Biden’s new “Marine One”.

Posted in cmgmnews Tagged with: ,

Prices of raw materials for electric car batteries soared but they are in short supply

According to the Daily Economic News, due to market demand is too strong, China’s many power battery manufacturing enterprises orders “burst up”. China Association of Automobile Manufacturers’ data shows that in December 2020, China’s power battery sales totaled 12.2GWh, up

Posted in cmgmnews Tagged with:

China vows to improve safety of new energy vehicles in 2021

China’s energy-saving and new energy vehicle industry development inter-ministerial joint meeting was held in Beijing on January 19, 2021, the convener of the joint meeting, Minister of the Ministry of Industry and Information Technology Xiao Yaqing presided over the meeting

Posted in cmgmnews Tagged with: