Category Archives: News

Industrials face turbulence from cooling China

Buoyant Chinese demand has been a wonderful palliative for western industrial companies in recent years that helped to offset anaemic European and US sales.

However, comments from leading industrial companies last week suggest Chinese demand for a host of western-produced capital goods ranging from earthmoving equipment to automation technology is – at least temporarily – starting to slow.

China’s efforts to cool a real estate boom and engineer a soft landing come as its manufacturers hold back fixed-asset investments due to tighter credit, overcapacity and slower demand from the debt-encumbered eurozone.

Volvo, the commercial vehicles group, warned as early as last summer of an impending slowdown in Chinese demand for construction equipment, which it described as temporary.

In October ABB, the Swiss electrical engineering group, also observed weaker demand for its power systems and process automation technology in China, where overall orders declined by 5 per cent in the third quarter.

Now, as European and US industrials have begun reporting their latest quarterly figures, more companies have expressed caution on the short-term outlook in China. Read more »

Danish factories move out from China

According to Danish media, increasing number of Danish companies to moving their factories back to Denmark than manufacturing in China. An example could be that a Danish company called T-REX, who has been producing accessories for music instrument in China for 7 years, has decided to shut down its production facilities in China and move back to Denmark. Those companies believe that it’s more profitable to produce in their homeland than “Made in China”.

Along with economic development in China, cost prices of raw material as well as labour force are increasing rapidly. With language and culture problems on top, many Danish companies believe that continuing producing in China is a waste. By contrast, it’s more profitable to produce in Denmark.

Due to the fact of financial crisis, many companies have to simplifies their structures and business areas to minimise expenditures.

According to Economic and commercial Counsellor’s Office of Embassy of the PRC in Kingdom of Denmark.

Mandarin raises profile in classrooms

Asked at the start of their first Chinese class what motivated them to take up the language, the students of the Institut de la Providence, a secondary school outside Namur in Belgium, give their new teacher varied answers.

“It’s a big country,” says one. “I’ve been to China and would like to go back,” ventures another.

The two dozen teenagers are part of a pilot project started this autumn in nine Belgian schools to promote Chinese language learning. More broadly, they are among hundreds of thousands of students in the west who are opting to learn Mandarin Chinese, often at the expense of traditional subjects such as Spanish or German.

“One way or another, China is the future,” says Olaf Mertens, headmaster. “Over 1bn people live in China. Surely, students should be exposed to their language and culture?”

Read more »

iPhone 5 (or perhaps iPhone 4S) will be launched on 4 October

Apple earlier today sent out invitations for a special media event scheduled for October 4th with a tag line “Let’s talk iPhone.” Apple’s CEO Tim Cook along with other executives are expected to unveil the iPhone 5 during this event.

The invitation confirms earlier reports about iPhone 5 release date event that was rumored to be held in the first week of October. Apple’s invite carries iOS icons for Calendar, Clock, Maps and Phone all depicting the details about the launch event.

Unlike, previous launch events this year Apple will announce the iPhone 5 / 4S at the company’s Town Hall auditorium at its headquarters in Cupertino, California. The event will begin at 10:00 AM PT.

The use of the word “talk” and one notification on the Phone icon could point to speech features in the fifth-gen iPhone and only one model being announced. Many analysts have been debating about the possibility of a low-end iPhone and we’ll just have to wait and see what Apple has in store for us on October 4th.

According to various reports Apple could make the iPhone 5 finally available for sale around October 15th and would probably start accepting pre-orders a week before that. iOS 5 is also expected to be a part of the special media event.

We’ve been reporting on possible features of iPhone 5 and it’s widely expected to feature 8 megapixel camera, higher RAM, include new “Assistant” feature and have a thinner design.

From http://touchreviews.net/apple-talk-iphone-5-4s-event-october-4th/

IMF: Global Economy Is Entering a “Dangerous” Phase

IMF (International Monetary Fund) believes that the world economy is perhaps becoming decreasing. A new recession is approaching, due to economic downturn across Europe and the U.S. In terms of production, nations including Denmark, Germany, the Netherlands and Poland are back to pre-crisis levels.

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