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December 16 – Mining giant BHP Billiton Ltd (NYSE: BHP) expected the total value of the goods it will buy from China to double to $6 billion in the next five years, according to its global sourcing chief, Dirk Van De Putte.
http://finance.qq.com/a/20111216/000789.htm
December 16 – Philips (NYSE: PHG) China said it would invest $33 million building a 35,000m2 LED factory in Chengdu, Sichuan's provincial capital, in the next four years. The project is expected to create 800 jobs.
http://www.yicai.com/news/2011/12/1278182.html
December 15 – Amazon.cn, the Chinese domain of Amazon.com Inc (NASDAQ: AMZN), said it signed a deal with Samsung Electronics to become the South Korean manufacturer's first partner in China in a plan to directly sell its cellphones online.
http://www.linkshop.com.cn/web/archives/2011/188063.shtml
December 15 – Nu Skin Enterprises Inc (NYSE: NUS), a Utah-based company that directly sells personal care products and nutritional supplements, said it would invest ¥300 million building its first regional headquarters in Shanghai, which is expected to become operational by May 2013. Its sales in the Greater China region rose 25% in 2010 and are estimated to grow 30% this year and 50% in 2012.
http://www.yicai.com/news/2011/12/1275440.html
December 15 – Boehringer Ingelheim, a German pharmaceutical company, said it plans to invest $92 million beefing up the capacity of its factory in Shanghai, which was built in 2002.
http://www.yicai.com/news/2011/12/1274414.html
December 15 – The share of Apple Inc's (NASDAQ: APPL) iPad in China's tablet computer market declined 3.39 percentage points to 71.78% in Q3 2011, according to Analysys International.
http://eguan.cn/data/yiguanshuju_121984.html
December 15 – General Motors Co (NYSE: GM) may hasten plans to increase output in China after Chinese regulators said they will impose punitive duties on some vehicles imported from the US, Bloomberg reported, citing Himanshu Patel, a New York-based analyst for JPMorgan Chase & Co. The Detroit-based automaker already plans to increase local production and only 1.3% of its 2.43 million vehicles sold in China last year were imported, Patel said.
http://www.bloomberg.com/news/2011-12-14/gm-may-accelerate-production-in-china-after-tariff-decision-jpmorgan-says.html
December 14 – Honda Motor Corp's (NYSE: HMC) said its sales in China were 58,228 units in November and 539,400 units between January and November, down 3.3% and up 8.4% respectively from the same periods a year ago.
http://industry.caijing.com.cn/2011-12-14/111520831.html
December 14 – Coach Inc (NYSE: COH) said it launched an official store at Tmall.com, China's largest B2C site. It is the American brand's first online store in China.
http://www.eeo.com.cn/2011/1214/217997.shtml
December 12 – New York-based Advanced Battery Technology Inc broke ground on a $83.33 million plant in Dongguan, Guangdong province.
http://tech.qq.com/a/20111212/000178.htm
$1 = ¥6.35
@2011 China Economy @ The China Perspective.
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