Dear CBI Members and Partners,
Please find information below regarding a Multinational Summit to be hosted in the city of Qingdao from 15-16 July 2021.
If of interest then kindly register directly using the attached forms.
Download 2021年跨国公司领导人青岛峰会总体方案 Overall Plan of 2021 Qingdao Multinationals Summit (Draft)
Download 峰会参会回执表 Pre-Invitation Receipt of Guests for 2021 QMS
Download 拟邀请函（英文版） (English version)
Many thanks
CHINA DIRECT
The locomotive manufacturer and CBI member, Bombardier has announced that it has won a $453 million contract to supply 168 high-speed train cars to China Railway Corporation (CRC).
The deal has been agreed between Bombardier’s Chinese joint venture and CRC, and it is the second order win this year to supply China’s growing high-speed network. Bombardier Sifang (Qingdao) Transportation Ltd. won a separate contract in September worth $324 million to supply 120 train cars by the end of 2018.
Bombardier launched its joint venture, Bombardier Sifang Transportation Ltd. in 1998, and the JV is 50% owned by Chinese locomotive manufacturer CRRC Sifang Locomotive & Rolling Stock Co. Ltd. In total, Bombardier’s transportation unit has six joint ventures in China and seven wholly-owned enterprises; it employs more than 7,000 people in China.
The latest contract sees Bombardier supply 168 new CR400AF Chinese standard high-speed train cars. The 168 cars will be configured into fifteen 8-car trainsets and three 16-car trainsets with an operating speed of 350 km/h.
President of Bombardier Transportation China, Jianwei Zhang said: “This repeat order comes just three months after the previous, clearly demonstrating the pace of development in the Chinese high-speed rail market as well as the trust that CRC has placed in our products and performance. We are confident that our ability to consistently meet with customers’ quality, quantity, timing and cost requirements, in combination with our focus on long-term sustainable success in China, has been key to our achievements in this fiercely- competitive market.”
Bombardier Transportation China is a full solution provider, catering to all aspects of the railway industry; from vehicles and propulsion to services and design. To date, the company has delivered more than 4,000 railway passenger cars, 580 electric locomotives and over 2,500 metro cars, monorails and trams, to cater to China’s growing urban mass transport needs. Through its joint ventures, Bombardier also provides propulsion and signalling systems to third party metro car builders for use in more than 30 Chinese cities.
The announcement comes just after Bombardier celebrated its 20th anniversary with its joint venture partner in China, on December 5th. Bombardier Sifang Transportation opened its Qingdao factory in 1998, and has “Played a key role in the latest three generations of Chinese railway passenger trains.”
The company received its first order in November 1999, when the Ministry of Railways awarded Bombardier the tender for 300 high-grade intercity cars. This was followed by subsequent orders to supply the Qinghai-Tibet line with 182 high-altitude railcars in 2005 and an order for 400 high-speed railcars and 250 EMU sleeper cars in 2007. In 2007, Bombardier received its biggest order to date, when the Ministry of Railways commissioned 1,120 very high-speed train cars in 2009. Finally, the company won the first two contracts to supply 120 and 168 CR400AF new Chinese standard high-speed train cars for CRC in 2018 and 2019 respectively.
Please read more here.
Dear CBI Members and Partners,
Please note that Sept - Nov will mark the UK Season in Shandong Province with a focus on the following key sectors/areas:
More details and information to follow shortly.
Many thanks
China Direct
The inaugural Sterling Assets Report has been on a pan-China Roadshow since its launch on Thursday 02 November in Beijing.
The objective of the Roadshow was to circulate the Report's key findings to the diverse and dynamic UK business network in China and encourage policymakers and local officials to use the Report to promote greater UK-China business investment.
Additionally the Report was received by business stakeholders the CBBC, British Chambers, Department of International Trade (DIT) and a visiting delegation of the All Party Parliamentary China Group in Guangzhou.
China Direct would like to sincerely thank HM Consuls Cecile Elbeleidi in Chongqing, HM Consul Karen Maddocks in Guangzhou, HM Consul John Edwards in Shanghai and HM Consul Nick Whittingham in Wuhan for their support.
Please note that China Direct will have the Chinese language version of the Report available for review and download by mid-November.
Kindly find the original Report and Executive Summary attached below for your reference.
Download CBI China Sterling Assets Report
Download Sterling Assets China Executive Summary
Thank you.
CBI member Heathrow airport is to gain a new route to China with Beijing Capital Airlines starting the first direct flights to Qingdao. Three flights a week will run from this summer to the home of Tsingtao beer and one of the fastest growing cities in China.
The announcement follows seven years of talks between Heathrow and Beijing Capital’s parent company, Hainan Airlines Group. The route to Qingdao will provide nearly 70,000 extra seats a year for passengers travelling to and from China.
Please read more here.
CBI member Bombardier announced that Bombardier Transportation’s Chinese joint venture, Bombardier Sifang (Qingdao) Transportation Ltd. (BST), was awarded another contract with China Railway Corporation (CRC) to supply 80 CRH 1E-250 high speed new generation sleeper train cars for the country’s rapidly growing high speed network.
The contract is valued at approximately RMB 1 billion (€152 million, US$165 million). The 80 cars will be configured into five 16-car trainsets. In September 2015, BST also won a contract to build 15 eight-car CRH380D very high speed trains. These orders reflected the confidence China Railways has in BST’s leading edge technology and products.
It was also the second sleeper order which BST had won. The first one, awarded by the Chinese Ministry of Railways (MOR) for 20 16-car trains in 2007, was delivered in 2010. The five new 16-car trainsets will be an integral part of an evolving high speed rail capability in China. With an operating speed of 250 kilometres-per-hour, the EMU trains are specially designed for overnight service and fitted with sleeping berth interiors.
The trainsets will be manufactured at Bombardier Sifang (Qingdao) Transportation production facilities in Qingdao. Project management will take place in Qingdao and at Bombardier centres in Europe.
Please read more here.
The China-Britain Business Council (CBBC) Great British Brands Festival series of events focuses exclusively on selling U.K. products in China.
It provides an important opportunity for companies to showcase and sell their products to Chinese consumers in eight cities.
Following its success in Beijing, Chengdu, and Guangzhou in 2014, the festival is expanding across China, with eight events provisionally planned for 2015 in Chongqing (April), Changchun (May), Beijing (June), Changsha (July), Urumqi (August), Shenzhen (September), Chengdu (October), and Guangzhou (November).
There will also be opportunities to take part in associated events in Hangzhou, Qingdao, Shanghai, Wuhan, and other cities as part of CBBC’s retail-focused China Consumer programme.
Please read more here.
Dear CBI members and strategic partners,
China Direct would like to share with you a snapshot of CBI members' successes in China through 2014. We hope that you found our new format easy to use, visual and informative and wish you all every success for the forthcoming year of the sheep.
Please do keep sending us your updates and press releases so that your business can also be highlighted in 2015.
Thank you.
CBI member KPMG announced that China’s Ministry of Finance had approved the opening of three offices by KPMG Huazhen (Special General Partnership) in Chengdu, Xiamen, and Qingdao. Localisation has been one of the basic strategies of KPMG China’s operations. Please read more here.
CBI member PwC announced the opening of its Wuhan office, which will offer a total range of professional services to clients, not only financial reporting audit, internal controls audit, IPO audit, and other assurance services, but also tax consulting, risk management, M&A, and strategy consulting services. PwC has the clear goal of tapping Wuhan as a hub to accelerate the expansion of its business operations in central China. Please read more here.
CBI member Pinewood Studios and The Open University recently unveiled a new partnership at the Technology Innovators Forum in Qingdao, China, which brought together leading creative and innovative industries from around the world.
The two parties agreed to work together on a free new online course, which will explore the creative processes and business skills required when making movies.
The course will launch on FutureLearn.com, The Open University-backed platform for free online courses. Available free of charge to anyone around the world, the new course will focus on the business aspect of the film industry, offering learners the opportunity to find out more about the commercial aspects of the film industry.
Vice-Chancellor of The Open University, Martin Bean, said, "Like The Open University, Pinewood Studios is a household name, and they've been responsible for some of the biggest smash-hit movies over the whole history of cinema. By combining this with our experience of delivering a first-class student experience at the OU, we can come up with something really special. This course will not just offer a window into an industry which fascinates so many, but through FutureLearn's global platform will actually help equip people across the world with some of the skills they need to succeed in the creative industry sector."
Ivan Dunleavy, Chief Executive Officer of Pinewood Shepperton, said, "At Pinewood we pride ourselves not just on our history, but on the way we have stayed at the cutting edge of our sector. In addition to investing in our world leading studio facilities we are committed in investing in people and providing opportunities for all to work in one of the most exciting and vibrant sectors of the economy – the film industry. This course will do just that, further taking the Pinewood brand globally and providing valuable insights to anyone who would like to work in the creative sector. We are delighted to be partnering with a University that has such a strong track record of developing new and emerging technologies to engage with students."
Please click here to read the full press release by Pinewood Studios.
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