From http://www.expansion.com/2010/11/24/empresas/distribucion/1290635106.html (in Spanish)
Barcelona based clothing company Desigual is aiming at opening stores in China by 2012, as part of the exponential growth that is experiencing in the recent years. Annual sales have went from 8 million euros in 2002 to more than 300 million euros in 2009, with forecasts for 2010 and 2011 of 450 million euros and 675 million euros, respectively. Desigual is planning to establish its base in Shanghai in 2011 in order to be able to open its first store in China in 2012.
Thursday, November 25, 2010
Taiwan unemployment rate below 5%
From http://www.chinapost.com.tw/taiwan/national/national-news/2010/11/23/281002/Taiwan-jobless.htm (in English)
After 23 months, Taiwan's unemployment rate has dropped again below 5% thanks to the decrease of 14,000 jobless people in October 2010. After seasonal adjustment, the present unemployment rate in Taiwan is 4.96%, down 0.12% from September 2010 and 1.05% lower than 1 year ago. The worse unemployment rate ever in Taiwan achieved 6.13% in August 2009.
After 23 months, Taiwan's unemployment rate has dropped again below 5% thanks to the decrease of 14,000 jobless people in October 2010. After seasonal adjustment, the present unemployment rate in Taiwan is 4.96%, down 0.12% from September 2010 and 1.05% lower than 1 year ago. The worse unemployment rate ever in Taiwan achieved 6.13% in August 2009.
Wednesday, November 24, 2010
Chery investment in Catalonia evaluated
From http://www.catalannewsagency.com/news/business/pedro-nueno-%E2%80%9Cit-makes-all-sense-world-chery-invest-catalonia%E2%80%9D (in English)
In an interview by the Catalan News Agency, Prof. Pedro Nueno has declared that it makes sense for Chery to invest in Catalonia, where there is a long tradition of car production with Seat and Nissan. The important network of suppliers, the links with other high-value sectors, the highly qualified workforce and the proximity of Barcelona port and its infrastructure are some of the strong points that may bring the Chery manufacturing plant to Catalonia in a near future. Prof. Nueno sees this plant as a great opportunity for Catalonia and thinks it will be compatible with the one that Chery will open in Turkey, but warns the politicians to be agile and do not hesitate on the decision-making process.
In an interview by the Catalan News Agency, Prof. Pedro Nueno has declared that it makes sense for Chery to invest in Catalonia, where there is a long tradition of car production with Seat and Nissan. The important network of suppliers, the links with other high-value sectors, the highly qualified workforce and the proximity of Barcelona port and its infrastructure are some of the strong points that may bring the Chery manufacturing plant to Catalonia in a near future. Prof. Nueno sees this plant as a great opportunity for Catalonia and thinks it will be compatible with the one that Chery will open in Turkey, but warns the politicians to be agile and do not hesitate on the decision-making process.
Spanish car manufacturer Seat analyzes Chinese market
From http://www.expansion.com/2010/11/24/empresas/auto-industria/1290596328.html (in Spanish)
Spanish car manufacturer Seat, subsidiary of the German Volkswagen Group, has started analyzing the potential acceptance of its cars in the Chinese market, as confirmed by the company's representative Mr. Francisco Javier García Sanz on the 25th Meeting of the Automotive Sector that was held in Barcelona on 23 and 24 November 2010.
Spanish car manufacturer Seat, subsidiary of the German Volkswagen Group, has started analyzing the potential acceptance of its cars in the Chinese market, as confirmed by the company's representative Mr. Francisco Javier García Sanz on the 25th Meeting of the Automotive Sector that was held in Barcelona on 23 and 24 November 2010.
Monday, November 22, 2010
Taiwan’s standard of living ahead of Japan’s
From http://www.economist.com/node/17473187?story_id=17473187&fsrc=rss (in English)
When calculated at market rates, Japan’s per head income ($42,300) is much higher than Taiwan’s ($18,300), but when the costs of living in these societies are taken into account some surprising changes appear. If calculated according to the purchase-power parities (PPPs) system, in 2010 Taiwan’s standard of living has just surpassed Japan’s. Cheaper housing (one third of Japan’s) and food (half) are the main factors equalizing the differences observed in the index based on market rates. According to the International Monetary Fund and with calculations based on the PPPs system, Japan’s income per head is estimated at $33,800, whereas Taiwan’s is estimated at $34,700. Other east asian countries that initially followed the trail of Japan’s economy but that surpassed it based on the PPPs calculations are Singapore and Hong Kong, with South Korea also bridging the gap.
When calculated at market rates, Japan’s per head income ($42,300) is much higher than Taiwan’s ($18,300), but when the costs of living in these societies are taken into account some surprising changes appear. If calculated according to the purchase-power parities (PPPs) system, in 2010 Taiwan’s standard of living has just surpassed Japan’s. Cheaper housing (one third of Japan’s) and food (half) are the main factors equalizing the differences observed in the index based on market rates. According to the International Monetary Fund and with calculations based on the PPPs system, Japan’s income per head is estimated at $33,800, whereas Taiwan’s is estimated at $34,700. Other east asian countries that initially followed the trail of Japan’s economy but that surpassed it based on the PPPs calculations are Singapore and Hong Kong, with South Korea also bridging the gap.
International Monetary Fund
20% of global energy to be used by China in 2035
From http://www.ft.com/cms/s/0/2ea6681e-ec27-11df-9e11-00144feab49a.html?ftcamp=rss#axzz160FxwGX8 (in English)
According to the annual report of the International Energy Agency, its World Energy Outlook , forecasts announce a huge growth of energy consumption in China in the next two decades, estimated at 75% between 2008-2035. China’s energy demands are expected to achieve 20% of the global demand and 36% of the projected growth. The most important increase in demand will be due to the transportation sector, with car sales expected to increase about tenfold by 2035. To cope with this, global oil demand will have to increase 18%, from 84 million barrels a day to 99 million barrel a day. According to the executive director of the International Energy Agency, Mr. Nobuo Tanaka, global energy security and climate change due to fossil-fuel use will largely depend on how China responds to the challenge of coping with its booming energy demand.
According to the annual report of the International Energy Agency, its World Energy Outlook , forecasts announce a huge growth of energy consumption in China in the next two decades, estimated at 75% between 2008-2035. China’s energy demands are expected to achieve 20% of the global demand and 36% of the projected growth. The most important increase in demand will be due to the transportation sector, with car sales expected to increase about tenfold by 2035. To cope with this, global oil demand will have to increase 18%, from 84 million barrels a day to 99 million barrel a day. According to the executive director of the International Energy Agency, Mr. Nobuo Tanaka, global energy security and climate change due to fossil-fuel use will largely depend on how China responds to the challenge of coping with its booming energy demand.
Monday, November 15, 2010
Corruption perception index 2010
From http://www.chinalawblog.com/2010/10/china_corruption_by_the_numbers.html (in English)
Transparency International has recently published its 2010 report on the perceived corruption in the world. The countries perceived as least corrupt are Denmark, New Zeland and Singapore, which tied-up on top of the ranking. Other east asian countries are on the top positions, such Hong Kong (13), Japan (17), Taiwan (33) and South Korea (39). China ties at 78 with Thailand, whereas Spain is on 30th position.
Transparency International has recently published its 2010 report on the perceived corruption in the world. The countries perceived as least corrupt are Denmark, New Zeland and Singapore, which tied-up on top of the ranking. Other east asian countries are on the top positions, such Hong Kong (13), Japan (17), Taiwan (33) and South Korea (39). China ties at 78 with Thailand, whereas Spain is on 30th position.
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