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
CBI member, AstraZeneca has announced that it has partnered with a Shandong-based herbal supplements manufacturer, Luye Pharma Group, to launch a traditional Chinese heart remedy designed to lower cholesterol.
The launch of the new supplement serves as the first outcome of an MoU agreed between the two companies to “Promote the modernisation of traditional Chinese medicine and promote traditional Chinese medicine to the world,” and signed in May earlier this year.
Central to the MoU was an agreement to form a new strategic partnership to explore the opportunities for the export of XueZhiShang capsules - the name of the herbal remedy – in global markets other than China.
Leon Wang, Executive Vice-President International and President of AstraZeneca China said: “Chinese medicine is an outstanding representative of Chinese civilisation. It has not only made incredible contributions to the Chinese nation, but it has also had a positive impact on global civilisations. Both in China and in the rest of the world, Chinese medicine has broad prospects for development. [AstraZeneca] hope to join hands with excellent Chinese enterprises and academic experts to explore the high potential for the modernisation of Chinese medicine, realise its heritage and innovation, and jointly explore international paths for Chinese medicine globally to improve human health.”
Retailing at £2.50 a pack, the dietary supplement predominantly consists of red yeast rice. Through partnering with Luye Pharma Group, AstraZeneca has become the first multinational drugs manufacturer to obtain exclusive promotion rights for a Chinese drug..
Red yeast rice reportedly produces a lipid-regulating compound as it ferments in reaction to elements in the human body. In clinical trials, it lowered “bad cholesterol” by 45% when combined with the statin, Ezetimibe.
CBI member, BP has announced that it has opened its first branded petrol station in Shandong Province. The new station has been opened in partnership with BP’s new joint venture partner, Shandong Dongming Petrochemical Group, and marks the start of a plan to launch 1,000 new petrol stations across China over the next five years.
BP’s latest petrol station has opened in Jinan, in the Huaiyin District. According to Hanna Hofer, president of BP China Retail: “[with the opening of the Jinan site, BP] is testing a new design and service offer, reflecting the uniqueness of the fast-changing retail environment and customer needs in China.” This new service offer includes made-to-order coffee delivered to the car as well as free WIFI on-site.
The company is expanding the number of petrol stations it operates within China in response to the Chinese government lifting the 30-site limit on international fuel retailers in 2018.
BP currently has operations at 1,000 petrol stations across China, but will double that number over the next five years by adding new sites in Shandong, Henan and Hebei Provinces.
The new site will be BP’s first retail site in China offering charging for electric vehicles. According to Tufan Erginbilgic, chief executive, BP Downstream: “China is an important market in our downstream growth strategy; this marks the first BP site with our full offer, demonstrating continued intent to provide charging solutions, fuels, and a high-quality retail offer to our customers.”
BP has publicly committed itself to a low carbon future, aiming to reduce greenhouse gases in its operations, improving its products and services to help customers lower their emissions, and to create new low carbon businesses. It is with this in mind, that BP launched the “BP Target Neutral” programme.
The new petrol station in BP will be the first site enrolled on the scheme in China, which aims to balance traditional petroleum sales with electrical power supply across BP sites.
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
BP and Shandong Dongming Petrochemical Group (Dongming Petrochemical) announced the signing of joint venture agreements to develop a leading branded retail fuels and convenience business covering the Chinese provinces of Shandong, Henan and Hebei.
Subject to regulatory approvals, the partnership with Dongming Petrochemical will start operations in 2018 and the network is expected to grow to 500 sites in 10 years. BP has a 49% equity share of the joint venture and Dongming Petrochemical the remaining 51%.
“New market growth is one of the key strategic priorities for BP’s fuels marketing business. Our retail business offers customers a differentiated experience through our brand, high-quality products and services,” said Tufan Erginbilgic, BP’s chief executive for Downstream.
Please read more here.
CBI MAKES THE CASE FOR BRITISH BUSINESS IN CHINA
The CBI’s Director-General is visiting China this week on a trade visit with the Prime Minister, the Rt. Hon. Theresa May.
Carolyn Fairbairn, CBI Director-General, said:
“The Sino-British relationship is a tremendous success story. From services to schools, and iPhones to tea, our countries have a special and integral place in each other’s lives.
“British businesses are keen to play their part in further deepening and engraining the economic ties between China and the United Kingdom. With the consumer market alone worth over £3.3 trillion, this relationship creates thousands of jobs in the UK and China, raising living standards and boosting productivity.
“As the UK forges a new global trading future, it is well ahead of the curve in making the most of its relationship with the world’s fastest growing economy. By making inroads into China’s lesser economically known regions, the UK stands to profit from China’s move from manufacturing and infrastructure into technology and services, writing a new chapter in the golden era of relations.”
30 January 2018
Notes to Editors:
Read the CBI’s latest report on British trade and investment with China, Sterling Assets China.
Across the UK, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors. The CBI’s corporate members together employ nearly 7 million people, about one third of private sector-employees. With offices in the UK as well as representation in Brussels, Washington, Beijing and Delhi, the CBI communicates the British business voice around the world.
Media Contact:
CBI Press Office is available 24 hours a day on 0207 395 8239, or email: [email protected] Follow the CBI (@CBItweets), Carolyn Fairbairn (CBICarolyn) and CBI China (CBIBEIJING) on Twitter.
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.
EMBARGOED: 00:01 Hours, Thursday 02 November, 2017UK AHEAD OF THE CURVE IN CHINA INVESTMENT STRATEGY – CBI
UK is China’s second largest European trading partner
The UK is shifting its investment into inner regions of China and into new sectors, ahead of the curve of other nations, according to the CBI’s first ever Sterling Assets China report.
Download CBI China Sterling Assets Report
In 2016, the UK was China’s second largest trading partner in the European Union (behind only Germany) and the eighth worldwide, doing £55 billion worth of trade in goods with China. Indeed, after the USA and Germany it is the only country in the list of China’s top nine trading partners not in the Asia Pacific region.
The UK also ranks eighth in terms of foreign direct investment (FDI) into China over the last decade, at £4 billion. However, unlike other nations, Great Britain is shifting its focus from coastal to inland provinces, which have historically received a smaller share of FDI, so as to mirror the Chinese government’s Belt and Road development plans. Over half (57%) of British investment in 2015 (over £880 million) went to inland regions, led by Heilongjiang (£313 million) in the north east and Henan (£276 million) in the centre.
Of the £18.1 billion worth of UK exports to China in 2015, Shanghai tops the list (£4.2 billion), followed by Beijing (£2.4 billion) and Guangdong (£1.3 billion). 21% of British exports to China were in transport technology (automotive, rail, air and maritime), 12% in machinery & electrical, 8% in chemical products and 5% in metals. The UK’s top service export was travel (£1.5 billion), with 270,000 Chinese visiting the UK and 91,000 Chinese students enrolling in British universities – far more than from any other country.
Guy Dru Drury MBE, CBI Head of China, said:
“The Sino-British relationship is a great success story. As we delve deeper into the Golden Era of ties between China and the United Kingdom, we have so much to offer each other, and British business is keen to play its part.
“From cars to chemicals, and services to schools, British organisations – especially many smaller companies – are tapping into a growing market in China, one that plays to the UK’s best competitive strengths. With the consumer market worth over £3.3 trillion, instantly recognisable British products are a particularly strong match for a growing generation of affluent Chinese. Moreover, this relationship creates thousands of jobs in the UK and China, raising living standards and boosting productivity.
“As the UK forges a new global trading future, it is well ahead of the curve in making the most of its relationship with the world’s fastest growing economy. By making inroads into China’s lesser economically known regions, the UK stands to profit from China’s move from manufacturing and infrastructure into technology and services.”
Dame Barbara Woodward DCMG OBE, Her Majesty’s Ambassador to the People’s Republic of China, said:
“Supporting UK-based companies to invest and operate overseas and become global businesses is part of our strategy to expand mutually beneficial trading relationships around the world. This is especially so in China, the world’s second largest and fastest growing economy.
“This report showcases a wide range of British investment and highlights the strengths and growing confidence of British companies. Investment in China by British companies can generate wealth for the UK, support British jobs, help build UK-based supply chains, and support China’s own economic development.
“As we continue to address the challenges for businesses investing across the globe and help them to make the most of opportunities, positive and proactive engagement of UK and Chinese businesses remains vitally important.”
Between 2015 and 2016, greenfield project investment into China exceeded £2.25 billion. The financial services sector saw the highest value investments (£488 million), followed by logistics (£292 million), consumer products (£268 million) and business services (£209 million).
02 November 2017
Notes to Editors:
Across the UK, the CBI speaks on behalf of 190,000 businesses of all sizes and sectors. The CBI’s corporate members together employ nearly 7 million people, about one third of private sector-employees. With offices in the UK as well as representation in Brussels, Washington, Beijing and Delhi, the CBI communicates the British business voice around the world.
The CBI 2017 Annual Conference will take place on Monday 6th November at the NEW LOCATION of the InterContinental London – The 02 hotel. Media can now register here (clicking on the “Media” box, entering the code 7286). Please note that journalists will be asked to upload a photo as part of the registration process. The closing date for applications is Thursday 02 November.
Follow the CBI (@CBItweets) on Twitter and on the day of annual conference using the hashtag #CBI2017.
Media Contact:
CBI Press Office is available 24 hours a day on 0207 395 8239, or email: [email protected] Follow the CBI (@CBItweets) and CBI China (@CBIBEIJING) on Twitter.
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.
