By Vivian Ni
Jul. 27 – The fatal train collision on July 23, which so far has killed at least 39 people, may also hurt China’s rail suppliers, who have helped build the country’s massive bullet train network and aspire to sell more rail equipment overseas, according to a Bloomberg report.
While China’s train makers have already established a presence in the African market and are making attempts to sell trains to other parts of the world, the recent crash may weaken their export push and lower their sales pitches. Edwin Merner, president of Atlantis Investment Research Corp. in Tokyo, made the bold prediction that China’s chances of selling high-speed trains are now “zero,” saying “I don’t think they can ever get confidence back.” Continue reading
May 19 – The European Union (EU) announced on May 14 that it will start to impose both anti-dumping and anti-subsidy tariffs on high-end glossy paper produced in China. This is the first time that the EU has penalized China for using subsidies to facilitate its industry, and also the first time it has raised both kinds of tariffs on Chinese exports.
Apr. 29 – Huawei, the China-based multinational networking and telecommunications equipment supplier, is making attempts to expand its presence in India. According to Justin Chen, CEO of Huawei Technologies India Pvt. Limited, the company had recently started manufacturing network transmission equipment in its plant located in Chennai, South India.
Apr. 12 – The global solar cells and modules market will reach a volume of US$67.8 billion by 2015, a recent report by Global Industry Analysts (GIA) forecasts. In the future, Asia will be playing an increasingly important role in the sector, with the massive industrial emergence of China, Taiwan and India. The GIA research report, titled “Solar Cells and Modules: A Global Strategic Business Report,” provides a comprehensive review of the global photovoltaic industry development. 