Tag Archives: China

The Changing Landscape Of Global Autos

What a difference twenty years makes. In 1993, China’s auto industry was producing less than one million vehicles per year and there were no Chinese passenger car makers. In 2013 China will produce over twenty million vehicles, and Chinese companies account for 35 percent of the total passenger car market. In 1993 the likes of [...]

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Junk Bonds Come To China

Junk Bonds Come To China

During the decade of the 1970s in the United States, the Dow Jones Industrial Average (DJIA) was stuck at the 800 level, common stock offerings were few and far between, and companies with debt ratings lower than single “A” could not issue bonds. That meant that small and medium-sized enterprises (SMEs), the key job creators [...]

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Ford Affiliate to Buy China Truck Maker

Ford Affiliate to Buy China Truck Maker

Several weeks ago, the Ford Motor Company (NYSE:F) was in the news when it announced that its affiliate, Jiangling Motors Corporation, Ltd. (JMC), has agreed to acquire 100 percent of Taiyuan Changan Heavy Truck Company (Taiyuan). For JMC, which currently makes light trucks and sports utility vehicles, this acquisition marks its first entry into China‘s [...]

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Chinese Company Offers To Acquire Control Of A Leading U.S. Battery Maker

With annual sales of approximately 19 million vehicles, China’s auto industry is now, by far, the largest in the world. Not content to be the world’s volume leader, though, government and industry leaders now share a common objective: “To make China’s auto industry the innovation leader by 2020.” To underscore this objective, Clean Energy Vehicles [...]

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China Busy Signing Currency Deals

China Busy Signing Currency Deals

China took one more step last week towards internationalizing the yuan, ultimately leading to the day when the Chinese currency will be a substitute for the U.S. dollar in all of China’s trade with other countries. Last Friday, China and Brazil agreed on a currency swap deal that will allow the central banks of each [...]

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Boeing Flies The Friendly Skies of China

Boeing Flies The Friendly Skies of China

On the eve of the May 1 holiday in China, China Eastern Airlines, based in Shanghai, announced that it is buying 20 Boeing 777 jets worth nearly $6 billion, while also selling five Airbus A340s to the U.S. plane maker. China Eastern said it’s selling the Airbus A340-600 airplanes worth $708 million to Boeing because [...]

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The Beijing Auto Show 2012

The Beijing Auto Show 2012

First quarter passenger car sales in China may have been flat, but that does not seem to have dampened the enthusiasm for the Beijing Auto Show, which opened earlier this week. Every year, China’s major auto show alternates between Beijing and Shanghai, and every year, the show seems to get bigger. This year’s show requires [...]

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Natural Gas Vehicles in China

Natural Gas Vehicles in China

With the price of a gallon of gasoline in the United States now at $4 — and climbing — CNBC’s Rick Santelli is making it his personal mission to demonstrate to the world that cars can easily be converted to run on natural gas. Santelli is best known for starting the Tea Party movement with [...]

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Competing In China

Competing In China

Jackson Zhang and Gary Chan, officers of Rensselaer in China (RiC), which is part of the RPI Greater China Business Club, interviewed me last week on a wide range of topics regarding China. The following excerpts on competing in China were taken from that interview. RiC: You were a football player, a banker, and a [...]

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Private Equity in China

Private Equity in China

Our recent post, New Sources of Capital in China, and the follow-up letter that we sent on China’s Evolving Story attracted quite a bit of attention and many questions from our readers. For example, a reporter from a major financial publication had some questions on private equity. We thought we’d pass along my responses. Reporter: [...]

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