Thursday May 23 2013

Content about South America

March 28, 2013
Momentum shifts to the south

BRICS is promoting cooperation for development rather than dependency on assistance in its ties with Africa.

With the theme "BRICS and Africa: Partnership for Development, Integration and Industrialization", the fifth BRICS summit opened in Durban, South Africa, on Tuesday.

March 15, 2013
Trumping logistics challenges

Hong Kong’s competitiveness as a regional and international cargo hub is severely hindered, so as a way forward, HAFFA has proposed various solutions for the government to consider. Wong Joon San reports.

When businessman Faraz Maani flew into Hong Kong with his wife and two children from Chile, southwest of South America in 1988 to start his fruits import business, the city’s trading environment was pretty simple, with only two direct fruit importers in the city.

Through hard work, persistence and determination, Maani soon won orders from the Kowloon Wholesale Fruit Market in Yau Ma Tei. He then routed the fruit orders to Chile, a nation that produces abundant fruits such as grapes, apples, plums, peaches, lime, lemons and oranges besides nectarines, kiwi and pears.

March 14, 2013
His charisma and passion will be missed

His own countrymen looked upon him as the commander and treated him like a kin. His enemies called him a bully or even a dictator.

His own countrymen looked upon him as the commander and treated him like a kin. His enemies called him a bully or even a dictator. Whether you liked him or not, Hugo Chavez will be remembered as a great politician with unique charisma and a passion for the times.

March 8, 2013
Foreign nuclear deals 'on way'

First overseas orders for China's technology likely to be signed later this year.

Officials behind China's self-developed nuclear reactor, known as the CAP1400, expect to sign its first overseas orders for the technology this year, most likely from South America or Asia.

Sun Qin, chairman of China National Nuclear Corp, told China Daily the deals should mean the start of construction of a CAP1400 reactor in China by the end of the year, after approval from the State Council.

January 11, 2013
Strategy needs revamp

Approval process should be simplified with a transparent framework.

Since the global financial crisis broke out in 2008, China’s outbound direct investment (ODI) has grown rapidly. It now has the fifth largest volume of outbound capital flow.

From January to November last year, Chinese domestic investors pumped direct investment worth $62.53 billion into 3,596 foreign companies in 130 countries and regions. The amount invested grew 25 percent over the course of a year.

December 11, 2012
Companies still drawn to Peru, despite obstacles

Enterprises are learning to adjust to various new obstacles to doing business, including environmental rules, strikes and local laws, as they explore opportunities in the country.

It's half heaven and half hell.

That's how many Chinese investors say they more or less feel about their work to tap mining and energy resources in Peru.

Kong Aimin, director of the mining company Shougang Hierro Peru SAA, has been in Peru ever since Shougang Group bought an iron ore company there in 1992.

Shougang was the first Chinese company to make a foray into the mining industry abroad. The company has the permanent right to exploit the Marcona iron ore mine, which occupies 670 square kilometers in Peru's Ica region.

December 10, 2012
Chinese makers' mixed feelings

China's machine tool manufacturers have mixed feelings amid fierce competition from overseas and faltering demand.

China's machine tool manufacturers have mixed feelings amid fierce competition from overseas and faltering demand.

On a global scale, the country has taken the top seat in terms of both sales and production of machine tools for 10 years consecutively.

However, as a barometer of manufacturing activity, its market value dropped 37 percent in the first eight months of 2012, according to data from the China Machinery Industry Federation.

As a result, many Chinese companies have seen declines in the number of new orders.

November 1, 2012
Win-win is the Chinese way

Since the 1980s, a key policy of the Communist Party of China has been to take advantage of prevailing conditions to ensure faster economic growth.

Since the 1980s, a key policy of the Communist Party of China has been to take advantage of prevailing conditions to ensure faster economic growth. From 1981 to 2001, a period when better relations with the United States and Europe were crucial to economic growth, China followed a policy of deepening trade and other ties with the West to its immense advantage. 

September 28, 2012
Praying for the Yuletide spirit

Europe crisis makes Xmas decoration makers evolve strategies for keeping businesses afloat

Though winter is still a good two months away, icy winds from Europe seem to be already buffeting the low-cost manufacturing hub of Yiwu in East China’s Zhejiang province. The all-round chill has little to do with the actual weather in the city lying southwest of the Yangtze River Delta but more to do with the bleak export landscape and tepid demand from overseas markets.

September 14, 2012
Outside joys inside

Nature-inspired furniture made of localy available materials makes Phillippine designer Kenneth Cobonpue a global brand name

Aflash of red and green blooms. Fanciful dragnet chairs. Light and breezy canopy beds. The creations of Kenneth Cobonpue beckon the outside in with nature-inspired concepts, mostly homegrown materials that have redefined the standard for Philippine contemporary design and helped propagate the idea of sustainable design to the world.

August 3, 2012
Adolescent with lessons ahead

There are likely to be growing pains but China is well on the path to becoming a superpower.

Developed countries have struggled to regain growth following the global financial crisis and during the European debt crisis, while China has been held as a potential superpower.

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