China Industrial news
|
Swedish delegation heads to China on sale of Saab
A Swedish delegation made up of government officials, representatives from the
Swedish automobile company Saab was on the way to China on Wednesday for
meeting the Chinese car manufacturer Youngman which is interested in purchasing
Saab.
Since earlier 2011, Saab had been trapped in difficult situation that production in
Trollhattan, western Sweden, has stopped and wage payments have been late for
months. A Swedish District Court approved Saab's bankruptcy petition last month.
According to a statement from Saab's parent company Swedish Automobile in
Holland on Wednesday, four members have left the board of directors because they
could not reach an agreement with the president Victor Muller on how to finance the
parent company after Saab's bankruptcy, leaving Muller as the only one in his board.
Business jet maker looks to China for growth
Dassault Falcon aims to sell 20 business jets in China in 2012, accounting for 25
percent of the company's annual global sales.
As the second largest economy in the world, China's demand for business jets will
explode in the coming years, China will have at least 500 business jets in five years,
and the company plans to take 35 percent of this market.
The China market will grow in the coming years. By 2020, China will have 1,000
business jets and Falcon aims to have taken 35 percent of its market by then.
Since it first produced the Falcon in 1963, the company has delivered over 2,000
Falcons in more than 67 countries, taking 40 percent of the global business jet
market. But since the global financial crisis, its global sales have stagnated.
Disney brings famous character brands to China
Mickey Mouse and Winnie the Pooh are setting up shop in China. Walt Disney Co is
on track to open its first store in China in fall 2012 and is committed to opening from
25 to 40 stores in the most populous country during the next three years.
ChinaMarketResearch.com 2012-01-23
|
|
