China Update by Synocus

Busy April - Milestones for three Finnish companies' business activities in China

Tuesday, April 29, 2008

This April seems to be a busy month for Finnish and Chinese companies. Three Finnish companies made important business activities in China.

Nokia-Siemens

Nokia-Siemens, a com ...

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Etteplan and Vataple Group sign agreement to develop engineering services in China

Monday, April 21, 2008

Etteplan Oyj, a Finnish industrial technology company, has signed an agreement with Vataple Group to join forces to develop its engineering design and technical information services in Shanghai China.

The joint venture ai ...

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China's currency Yuan breaks 7 against Dollar

Thursday, April 17, 2008

China currency’s exchange rate against dollar broke 7:1 ratio last week. The newest and lowest exchange rate was set to 6.992 yuan/dollar since the government ended pegging to the dollar in July, 2005. Before the new currency regime was impo ...

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China’s Guangxi starts to sell bio-fuel

Monday, April 07, 2008

On March 13, Synocus China Update reported that South China's Guangxi Zhuang Autonomous Region would replace gasoline and diesel oil with bio-ethanol fuel at all petrol stations starting in April. Now the actual bio-fuel selling started in t ...

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Chinese to spend 78% more on energy efficiency, emission reduction

Tuesday, March 25, 2008

According to Xinhua Press, China central government will increase spending on energy efficiency and greenhouse gas emission reduction schemes. The Ministry of Finance said that the planned reduction rate was amount to 78% as a large part of ...

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South China's Guangxi to replace petrol, diesel oil with bio-ethanol in April

Wednesday, March 12, 2008

South China's Guangxi Zhuang Autonomous Region will replace gasoline and diesel oil with bio-ethanol fuel at all petrol stations starting in April, a top regional official said here during the parliamentary session.

Eight ...

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Consultant: China's communication equipment market growth slows

Wednesday, March 12, 2008

BEIJING, March 12 (Xinhua) -- China's communication equipment market hit 271.1 billion yuan (about 38.1 billion U.S. dollars) in sales volume last year while the annual growth rate declined to 3.9 percent from 16.1 percent in 2006.

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Finnish companies grow steadily in China

Tuesday, March 04, 2008

Eventhough there's room for more business, China already provides many opportunities for Finnish companies in several sectors including energy saving, environmental protection, paper and pulp, and IT and telecom, Finnish Business Council in ...

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Yuan breaks 7.15 mark against U.S. dollar

Saturday, February 23, 2008

The Chinese currency recorded a new high on Wednesday, with a central parity rate of 7.1452 yuan against one U.S. dollar, the 17th high for the yuan since the beginning of this year.

The yuan, also known as the renminbi, ...

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Nokia cements position in Greater China market

Saturday, February 23, 2008

Nokia, the world's top mobile phone maker, racked up sales and exports from Greater China worth more than Euro12 billion  last year, with exports growing 30 per cent to reach Euro 6.2 billion.

Nokia sold 70.7 million ...

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