Viewing posts categorised under: General Interest

Whisky Sold For $10,000 A Shot At Swiss Bar Proven To Be Fake

by swisscham in General Interest

A shot of Macallan whisky purportedly made in 1878 that a Chinese man paid USD 10,000 for at a Swiss hotel was actually distilled between 1970 and 1972. The forgery was discovered after Scottish whisky experts travelled to Switzerland to conduct tests, 20 Minuten reported.It finally lays to rest the speculation over the maltÕs authenticity that arose when the story broke in August.It began when a young Chinese customer entered the Devil’s Place Whisky Bar at the luxury Waldhaus Hotel in St Moritz, northeastern Switzerland, and expressed particular interest in rare Macallans. The bar, which has a whisky collection, mentioned in the Guinness Book ofWorld Records, had 47 options, ranging from CHF 7 to CHF 10,000 per glass.The customer chose the bottle marked as an 1878 vintage, which went for CHF 9,999 (USD 10,000) for a two-centilitre measure. According to the online news site, specialists at Rare Whisky 101, who regularly serve as consultants at whisky auctions, established that the bottle’s label was a fake. They said carbon dating had shown that the malt had actually been distilled between 1970 and 1972. After discovering the forgery, the proprietor of the Waldhaus, Sandro Bernasconi, travelled to Beijing to apologize to the customer and refund him, the paper said.ÒIt is customary in China to admit your faults,Ó 20 Minuten quoted him as saying. Bernasconi said it was also important to show that “the Swiss are honest people and do not engage in scams”.

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Finding A Distribution Partner In China: Four Touchstones For Smes

by swisscham in General Interest

Many SMEs enter the Chinese market by working together with a distribution partner. But this relatively easy path comes at the price of greater dependency on the partner. Making the right choice all the more crucial. Four tips from Switzerland Global Enterprise’s expert Daniel Bont: 1. Thorough market analysis as a basis. 2. Clear selection criteria. 3. Thorough assessment of an initial selection that is as large as possible. 4. Meeting candidates in person and building trust. And he mentioned thatÓ Use the network of Switzerland Global EnterpriseÓ at the end of his article.

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JŽrome Biard: ÔThe Chinese Are 100% Behind CorumÕ

by swisscham in General Interest

The new director of Corum and Eterna will take his functions next September, replacing Davide Traxler. JŽrome Biard mentions his future Chinese bosses and explains why he gives up the idea of collaborating with Amazon for e-commerce. Officially, he has not yet taken over but JŽrome Biard knows the two watch brands from La Chaux-de-Fonds (NE) and from Granges (SO) that he will take over in September very well. During the past eight years, he contributed to sell the two brands on emerging markets as general manager of LPI, a Russian company specialized in luxury goods distribution. Since 2013, the owner of Corum and Eterna is the Chinese businessman Kwok Lung Hon and his diversified group Citychamp. The two previous directors Ð Antonio Calce (2007-2014) and Davide Traxler (2015 Ð 2017) Ð will have stayed less than two years under this president. ItÕs time for Franco-Swiss JŽr™me Biard (who worked for Vacheron Constantin, Cartier and Girard-Perregaux in the past) to take on the challenge.

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China Finishes in Second Position at IAAF Youth Athletics Event

by swisscham in General Interest

China bagged three more medals to finish in second position behind South Africa at the World Under-18 Athletics Championships that ended in Nairobi on 16 July. By the end of day four, China lay in third position out of over 160 nations that featured in the event with four gold medals, two silver medals and one bronze medal behind first-placed South Africa which had four gold medals, two silver medals and two bronze medals. The IAAF Council in 2016 decided to discontinue the youth aid and will instead work with area associations to find a more appropriate competition structure for assisting the career development of U18 athletes. The event was highly successful despite the USA, Britain, New Zealand, Australia, Canada and Switzerland having pulled out, citing security concerns.

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Swiss Designers Eye Chinese Market With Their Unique Style

by swisscham in General Interest

While Switzerland is mostly known in China for its luxury watches, young Swiss designers are also looking to build their names here. So, InnoFashion 2017, an event that celebrates fashion, design and textile innovation in China and Switzerland, was recently held at the Swiss embassy in Beijing. As for the growing links between the two countries, Switzerland and China established an Innovative Strategic Partnership in 2016 and launched the Sino-Swiss Year of Tourism covering 2016 and 2017. Jean-Jacques de Dardel, Swiss ambassador to China, says: “We know that you cannot order innovation, or inventions. Instead, you need to rely on the private sector and individual minds for breakthroughs. That is why we have InnoFashion. “We’d like to use this platform to exemplify such collaboration involving the government, private sector and individuals by bringing young creative minds together,” he says.

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China-Switzerland Year of Tourism Celebrated in Beijing

by swisscham in General Interest

Swiss President Doris Leuthard (L) shakes hands with Li Jinzao, head of China National Tourism Administration, at the Mutianyu Great Wall during an activity of China-Switzerland Year of Tourism in Beijing, capital of China, 13 May.

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62 Overseas NGOs Set Up Offices in China After Registration Under New Law

by swisscham in General Interest

A total of 62 overseas NGOs have registered with public security authorities and set up representative offices on the Chinese mainland after a new law regulating overseas NGOs took effect 1 January. Among the 62 NGOs, which include those in fields such as the economy, education and environmental protection, 27 are from the United States, including the Bill and Melinda Gates Foundation and the US-China Business Council.The other 35 come from 14 regions and countries, including the Hong Kong Special Administrative Region, Britain, Germany and Switzerland.”With simplified procedures and less time spent, the registration went smoothly under the new law,” said Jacob Parker, vice president of China Operations of the US-China Business Council, an organization of American companies in business with China.The new law, which was adopted last year, requires all overseas NGOs to secure approval from Chinese authorities before they operate on the Chinese mainland.

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Swiss Watch Exports Tumble Ahead of Basel Trade Fair

by swisscham in General Interest

he world’s biggest watch fair will open in Switzerland this week, even as slumping exports of luxury Swiss timepieces appear to dash hopes of a market rebound.Global exports of Swiss watches slid 10% in February to CHF 1.5 billion (USD 1.5 billion, EUR 1.4 billion), the Federation of the Swiss Watch Industry (FHS) said Tuesday.The news cast a shadow over the looming Basel world trade fair, which opens its doors to the media on Wednesday and to the public a day later.The giant gathering in the northern Swiss city of Basel is the highlight of the year for watch and jewellery makers, with hoards of retailers looking to fill their showcases with pricey bling.Investors had been hoping this year’s 45th edition would open on a more positive note amid signs that the market was stabilising and even on the verge of a rebound after two years of deep crisis.

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China and Switzerland See Steady Growth of Bilateral Tourism Flow

by swisscham in General Interest

Official figures from Switzerland suggest the country is becoming a favored destination for Chinese travelers in Europe, while China remains a popular choice for Swiss travelers making their way to Asia. Statistics from the Swiss government show that 2015 saw a 33% increase in the number of hotel bookings by Chinese tourists. It is part of a trend that has been taking place over the past decade. China has for the first time become the fourth largest source of tourists for Switzerland, behind only Germany, the United States and the United Kingdom. Simon Bosshart, an official with Switzerland Tourism, says finding a common link with Chinese visitors has become a key strategy in promoting Switzerland. “With the Beijing Olympics in 2022, the interest in winter sports is clearly rising in China. We are proud to say that our resorts are more and more ready to welcome Chinese guests in an appropriate manner. For example, we have 19 ski resorts which offer one-day ski experiences out of this winter. These are experiences for absolute beginners who want to give it the first try. Another example, ten resorts are providing Chinese ski instructors upon previous requests of booking with Chinese-speaking ski lessons.”

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First Swiss UAS Delegation on Health Care in China

by swisscham in General Interest

Comparing to the past, people are enjoying longer healthy life expectancies as the living standard has been greatly improved. Consequently we are witnessing a larger ageing population. Facing this issue, how can we help to make their senior life better? With the fast development of science and technology, the application of its achievement on ÒHealthy AgeingÓ has given us an answer. On the topic of ÒHealthy AgeingÓ, a delegation of experts from various universities of applied sciences in Switzerland is having a study trip in China, Japan and Korea. Concerning the programs in China, there are mainly 2 parts, Beijing part and Shanghai part. The healthy ageing study trip in China started with a workshop at the WHO China office in Beijing. On the occasion of a delegation visit from Swiss universities of applied sciences consisting of experts in the area of ageing, the Embassy of Switzerland in China then organized a panel discussion and reception with respective Chinese colleagues on the Topic: The Future of Ageing in Switzerland and China: Trends, Challenges and Opportunities. During their stay in Shanghai, theyÕve had 3 events, namely, Welcome Dinner on Oct. 19th, Workshop at swissnex and Campus Visit & Roundtable Discussion at Novartis on 20 October as well as Field Trip in Suzhou on 21 October.

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