First CIIE Creates Excitement in Global Business Community

The international community has high expectation from the first China International Import Expo (CIIE) and the business opportunities it presents, as the 100-day countdown of the event begins. “CIIE will bring a very strong exposure to our company, by having high-level government officials, influential trade professionals, including lots of existing and potential customers, and hopefully […]

First CIIE Creates Excitement in Global Business Community

The international community has high expectation from the first China International Import Expo (CIIE) and the business opportunities it presents, as the 100-day countdown of the event begins. “CIIE will bring a very strong exposure to our company, by having high-level government officials, influential trade professionals, including lots of existing and potential customers, and hopefully also the general public which can bring us recruiting opportunities,” Laurent Castella, Head of Marketing Region Asia, GF Machining Solutions, said in Shanghai on Thursday. Founded by Gorge Fisher in 1820, during the first industrial revolution, the Swiss company GF is an industrial leader in three main areas: the safe transport of liquids and gases, lightweight casting components in vehicles, and high-precision manufacturing technologies. With rapid technological development, especially digitalization transformation, also called IOT or industrial 4.0, the game will change. The machines will talk to machines and the data collected from the machines will move to the clouds. Artificial intelligence will look at the data and make decisions that human cannot make. GF is also behind this digital transformation, creating a new manufacturing world for tomorrow and the company is working with key universities in the world to develop more intelligent products and more intelligent process and it will bring all these leading technologies into China, Castella said.

China’s Demand for Swiss Machinery Booming

Swiss companies exported machinery product in the value of CHF1.45 billion (USD 1.46 billion) to China and Hong Kong in the first six months of 2018, according to figures released by the Swiss Federal Customs Administration. This represents an increase of 10% compared to the first half of 2017. Nicolas Musy, founder of the Swiss Centers China, said the Asian country’s thirst for automation has increased demand for high-quality machines from the Alpine nation. “Chinese manufacturers upgrade their equipment and automation becomes ever more important. Highest quality machines are in high demand – that is why China will remain a key market for Swiss machinery companies in the coming years,” he said in a statement published on Thursday. Since 2016, Swiss machinery exports to China and Hong Kong have been on the rise. The Chinese market (including Hong Kong) is the third biggest market for Swiss machinery products worldwide. The largest market remains Germany (CHF4.1billion), followed by the United States (CHF1.8 billion). Switzerland exported CHF8.9 billion in goods to China and Hong Kong in the first half of 2018, with imports amounting to CHF7.4 billion, resulting in a trade surplus of CHF1.5 billion. Swiss watches and precision instrument exports boomed in the first half of 2018 to a value of CHF4 billion. That figure represents a 17.5% increase compared to the same period the previous year.

Nestlé Sales Growth Sweetened by Performance in US and China

Shares in Switzerland’s Nestlé rose on Thursday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the world’s largest food and drinks group. The company behind brands such as KitKat, Perrier water and Nescafé coffee reported total sales in the first six months of 2018 had increased 2.8% on an organic, or like-for-like, basis compared with 2.3 % in the same period a year earlier. The pick-up would have been almost 3% without the impact of a protracted truckers’ strike in Brazil. Analysts had expected 2.5% growth. Nestlé’s growth fell in 2017 to the slowest in more than two decades amid shifting consumer trends, slow global economic growth and deflationary price pressures. Adding to the pressure on Mr. Schneider, Third Point — the US activist hedge fund founded by Daniel Loeb — invested USD 3.5 billion in a 1.25% stake in the Swiss group. Earlier this month, Third Point complained Nestlé still had a “muddled strategic approach” and remained “insular, complacent and bureaucratic”. However, Mr. Schneider said the first-half results showed that “our strategic initiatives and rigorous execution are clearly paying off . . . In particular, the US and China markets showed a meaningful improvement”.

NestlŽ Sales Growth Sweetened by Performance in US and China

Shares in SwitzerlandÕs NestlŽ rose on Thursday after better sales in the US and China helped chief executive Mark Schneider pep up the performance of the worldÕs largest food and drinks group. The company behind brands such as KitKat, Perrier water and NescafŽ coffee reported total sales in the first six months of 2018 had increased 2.8% on an organic, or like-for-like, basis compared with 2.3 % in the same period a year earlier. The pick-up would have been almost 3% without the impact of a protracted truckersÕ strike in Brazil. Analysts had expected 2.5% growth. NestlŽÕs growth fell in 2017 to the slowest in more than two decades amid shifting consumer trends, slow global economic growth and deflationary price pressures. Adding to the pressure on Mr. Schneider, Third Point Ñ the US activist hedge fund founded by Daniel Loeb Ñ invested USD 3.5 billion in a 1.25% stake in the Swiss group. Earlier this month, Third Point complained NestlŽ still had a Òmuddled strategic approachÓ and remained Òinsular, complacent and bureaucraticÓ. However, Mr. Schneider said the first-half results showed that Òour strategic initiatives and rigorous execution are clearly paying off_._._._In particular, the US and China markets showed a meaningful improvementÓ.

ChinaÕs Demand for Swiss Machinery Booming

Swiss companies exported machinery product in the value of CHF1.45 billion (USD 1.46 billion) to China and Hong Kong in the first six months of 2018, according to figures released by the Swiss Federal Customs Administration. This represents an increase of 10% compared to the first half of 2017. Nicolas Musy, founder of the Swiss Centers China, said the Asian countryÕs thirst for automation has increased demand for high-quality machines from the Alpine nation. ÒChinese manufacturers upgrade their equipment and automation becomes ever more important. Highest quality machines are in high demand Ð that is why China will remain a key market for Swiss machinery companies in the coming years,Ó he said in a statement published on Thursday. Since 2016, Swiss machinery exports to China and Hong Kong have been on the rise. The Chinese market (including Hong Kong) is the third biggest market for Swiss machinery products worldwide. The largest market remains Germany (CHF4.1billion), followed by the United States (CHF1.8 billion). Switzerland exported CHF8.9 billion in goods to China and Hong Kong in the first half of 2018, with imports amounting to CHF7.4 billion, resulting in a trade surplus of CHF1.5 billion. Swiss watches and precision instrument exports boomed in the first half of 2018 to a value of CHF4 billion. That figure represents a 17.5% increase compared to the same period the previous year.

Switzerland Heads Again the Ranking of the Most Innovative Countries

China broke into the world’s top 20 most-innovative economies as Switzerland retained its number-one spot in the Global Innovation Index (GII) ranking published annually by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO).

Switzerland Heads Again the Ranking of the Most Innovative Countries

China broke into the world’s top 20 most-innovative economies as Switzerland retained its number-one spot in the Global Innovation Index (GII) ranking published annually by Cornell University, INSEAD and the World Intellectual Property Organization (WIPO). Now in its 11th edition, the Global Innovation Index (GII) is a detailed quantitative tool that helps global decision makers better understand how to stimulate the innovative activity that drives ecomomic and human development. The GII ranks 126 economies based on 80 indicators, ranging from intellectual property filing rates to mobile-application creation, education spending and scientific and technical publications. Eleven of the top 20 innovating economies come from Europe, including the top three: Switzerland (1st), the Netherlands (2nd), and Sweden (3rd). Switzerland earns the top position in the GII for the eighth consecutive year. It ranked first in various patent and IP-related indicators, as well as second in high- and medium-high-tech manufacturing production. It is among global leaders in R&D spending and quality of local universities. China’s number 17 ranking this year represents a breakthrough for an economy witnessing rapid transformation guided by government policy prioritizing research and development-intensive ingenuity. While the United States fell back to number six in the GII 2018, it is an innovation powerhouse that has produced many of the world’s leading hi-tech firms and life-changing innovations.

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Zurich Insurance’s Asia Plans
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