FORD MOTOR COMPANY POSTS RECORD ANNUAL SALES IN CHINA; SALES RISE 14% TO 1.27 MILLION; LINCOLN DEMAND SURGES 180%
Ford Motor Company sales surged 23 percent in China in December, capping a record year for the automaker in the world’s largest new vehicle market. For all of 2016, Ford Motor Company sales totaled a best-ever 1.27 million vehicles, 14 percent higher than 2015. That total includes sales by joint ventures Changan Ford Automobile and Jiangling Motors Corporation, sales of Ford models imported to China and Lincoln, which has become the fastest growing luxury brand in China. In December alone, Ford and its joint ventures sold nearly 150,000 vehicles in China, up 21 percent over 2015. The growth was driven by strong demand for Ford’s expanded lineup of SUVs such as the Ford Edge and Explorer, the Ford Taurus large car, and performance vehicles such as the Ford Mustang.
A pilot programme has been launched by CBI member the University of Nottingham to help Chinese universities improve the quality of the training they provide to film industry students.
The University of Nottingham hosted a group of 27 screen industry academics from 23 universities across China, who came to the UK to find out how the University trains graduates and prepares them for careers the screen industry. China’s film industry is expanding rapidly.
In 2015, the Chinese spent more than $6.5 billion on movie tickets, an increase of almost 50% on the previous year. Around 20 new cinema screens are opening every day in China to meet demand, and last year, profit from film production climbed 76% to 868 million yuan.
On October 18, 2016, CBI member BMW celebrated the grand opening of its newest Regional Distribution Center (RDC) in Shenyang, the fifth in China together with the existing RDCs in Shanghai, Beijing, Chengdu and Foshan, marking the preliminary completion of BMW’s aftersales logistics network and a milestone of its localization in China.
The new RDC Shenyang will create synergy with BMW Plant Tiexi to further respond to the increasing customer demand in the Northeast region and meet the company’s strong business growth. ‘The RDC Shenyang is another major move of BMW Group in its investment in China and long-term commitment to the Northeast region, which also reflects our aftersales strategy in China.
It will provide an efficient logistics support for comprehensively increasing customer satisfaction,’ said Mr. Claus Eberhart, Vice President of Aftersales, BMW Brilliance Automotive Ltd.. ‘The new RDC will reduce the time of order response and parts delivery for the dealers in the Northeast region and ensure the quality of parts, as well as supporting dealers in other regions in China to provide a higher-level of customer experiences.’
CBI memberFujitsu Ltd on Thursday confirmed it was in talks with China's Lenovo Group to cooperate in the design and manufacture of personal computers (PC), and that any outcome would see it retain its own PC brand.
The announcement comes at a time when sales of increasingly sophisticated smartphones and tablet computers squeeze demand in a global PC market that peaked half a decade ago.
The possible alliance with the world's largest PC maker "is aimed at strengthening our brand and business," Fujitsu President Tatsuya Tanaka said at a briefing in Tokyo after the company released its latest earnings report.
CBI Member Thomas Cook, one of the world’s leading holiday companies, and Fosun, the leading Chinese investment conglomerate, officially launched Thomas Cook China in Shanghai in September.
Thomas Cook China is a joint venture between Thomas Cook and Fosun. It opened its offices in Shanghai in October 2015 and aims to be a full service travel company, offering inbound travel to and within China, as well as holidays and tours for Chinese customers looking to travel to destinations around the world.
CBI member UBS opened a new office at One Peking Road in Kowloon, Hong Kong to provide wealth management services to entrepreneurs and other client segments in Kowloon and the New Territories. With an expected 100-strong team by year-end at UBS’s first office based outside Hong Kong’s Central Business District, the firm recently leased a further floor of the new premises, which will have a total gross floor area of 36,000 square feet. Please read more here.
UBS opens new Shanghai branch
CBI member UBS announced that UBS (China) Limited, UBS’s locally-incorporated wholly foreign-owend bank focusing on wealth management business, had opened its new Shanghai branch. Following the opening of a sub-branch in Beijing in October 2014, the new Shanghai branch became UBS’s second ground-floor presence in the Asia-Pacific region and part of the branch network that will underpin UBS’s growth in domestic wealth management business in China. The new branch is located in Xintiandi in Shanghai’s Huangpu district. A unique feature of the premises is the display of 37 western and Chinese contemporary art pieces selected from the UBS Art Collection. Please read more here.
CBI member Rolls-Royce won a US$1.5 billion order from China Eastern Airlines for Trent 700 engines to power 15 Airbus A330 aircraft.
The order also includes long-term TotalCare engine support services. The aircraft are in addition to the 51 Trent 700 powered A330s that China Eastern Airlines already operates. The Trent 700 delivers the best fuel burn, emissions, and noise performance, resulting in market leadership on the aircraft.
The engine has won 70% of new orders over the last five years and accounts for a similar percentage on future A330 deliveries. Rolls-Royce currently has more than 1,600 installed engines on the A330s worldwide, with a market share of close to 90% in Greater China.
China Eastern Airlines also has 20 Airbus A350 XWB aircraft on order. The aircraft are powered by Rolls-Royce Trent XWB, the world’s most efficient civil large engine in service.
On 23 August 2016, Tencent, the China-Britain Business Council (CBBC), and the International Publishers Copyright Protection Coalition in China (IPCC) signed a Memorandum of Understanding (MOU) to further the protection of IP on Weixin, China’s leading social communication platform.
More than 806 million people use Weixin and its sister app, WeChat, both in and out of China. The signing was witnessed by U.K. Minister of State for Energy and Intellectual Property Baroness Neville-Rolfe as part of her official annual visit to China.
The MOU between Tencent, the CBBC, and the IPCC is the product of shared common interests and objectives regarding intellectual property protection and was arrived at following extensive communication and exchange. Through the signing of this agreement, the three parties expressed their intent to work together towards their shared objectives over the coming months and years.