China’s got big plans for Beidou, its homegrown version of the GPS navigation system. Jane Lanhee Lee reports on the rise of a technology with both commercial potential and military applications.
China’s corporate debt has reached record levels and is likely to accelerate domestic restructuring more defaults, as credit repayment problems rise. Today’s graphic shows the Chinese companies with the highest debt/equity levels and the breakdown of debt by industry.
A report by Hurun Chinese Luxury Consumer Survey gives a peek at the lifestyle of high net worth individuals in China. Overall spending by wealthy Chinese fell by 15% in 2013, the third consecutive year of decline. Today’s graphic is a snapshot of the tendencies of rich individuals in China.
After three years of sluggish deal flows, a slew of mega IPOs is set to spike up Hong Kong offerings in 2014. With the value of IPOs in Hong Kong seen doubling to over $32 billion this year as major economies pick up steam, Greater China could account for more than half of all 2014 investment banking fees for the Asia-Pacific region, excluding Japan. Today’s graphic compares the IPO volumes of New York, Nasdaq, London and Hong Kong.
Cigarette consumption increased over a hundred fold over the last century. Enough cigarettes were consumed in 2009 for each person in the world to have smoked an average of 865 cigarettes or 43 packs. Today’s graphic shows a global cigarette consumption trend and the top five consuming countries in Asia Pacific.
China is the world’s largest producer and consumer of coal. Today’s graphic shows the top ten producers and consumers of coal in the world as well as a map of China’s coal-bearing regions.
The first-ever Thomson Reuters Intellectual Property Solutions User Conference was hosted by the GGO China Intellectual Property & Science team in Suzhou in October, drawing more than 70 attendees, including corporate Research & Development (R&D) and intellectual property (IP) managers, as well as patent researchers and librarians from government agencies. Seventy-three percent of the participants were at the manager level or above.
Linda Guo, Managing Director of GGO China IP & Science and Chunqi Liu, Director of the Suzhou IP Office, delivered opening speeches. A wide array of topics were covered at the event, ranging from the strategic value of patent information for decision making in corporate settings and for economic growth, to IP management best practices, to early warnings of patent infringement risks, to how IP can support corporate competitiveness in the global market.
Presenters included industry thought leader Dr. Yuefeng He from the China Patent Office (SIPO); lead users from Dow Chemical, Beiqi Foton, Sany Heavy Industrial Co., Ltd, and China Aerospace Sci. & Tech. Corp.; and Thomson Reuters managers and experts, including Tim White, Fan Zhang, Weiping Yue, Bean Peng, and Herman An. The speeches were well received and followed by active question and answer sessions, which included several questions around IP management services.
“This conference helped us build closer relationships with our customers and further develop our active user community,” explained event organizer Victoria Wang. “The event was a success thanks to strong teamwork, especially from the sales teams and our solution specialists, who contributed case studies from our Asia Pacific colleagues and the IP&S team in the U.S.”
Our IP & Science business provides information-based solutions on patents, trademarks and standards. Having entered the Chinese market in 1999, IP & Science now provides Thomson Innovation, Thomson Data Analyzer and IP services that are used by R&D, IP and intelligence professionals in 394 Chinese accounts, including 92 corporate, 61 pharmaceutical companies, 37 government institutes and 204 universities. The largest customer of IP&S in China is the State IP Office (SIPO), where patent examiners search DWPI to assess the novelty of inventions.
This weekend, China landed an unmanned spacecraft on the moon. China’s leaders have set a priority on advancing its space program, hoping to eventually build a space station. Today’s graphic is a timeline of the evolution of China’s space program.
It’s been three years since China became the world’s second largest economy, behind the United States. Despite having this economic powerhouse status, China’s currency is not yet in the equivalent ranks of the ‘majors’ or most actively traded currencies. But, perhaps we are getting closer. Some recent changes certainly point to this.
Just two months ago, the UK chancellor George Osborne and China Vice Premier Kai Ma signed a landmark agreement which will potentially create Europe’s first RMB offshore market in London, worth RMB 80 billion (or about US $13 billion). This is on top of the RMB 144.6 billion (US$ 23.7 billion) that China has already designated for foreign investment. I should note that other centres, including Paris and Frankfurt, are also vying to create such hubs in Europe as well. These would effectively create the first offshore RMB market(s) outside of Asia, following the creation of RMB offshore centres in Singapore and Hong Kong. The Financial Times recently cited estimates from HSBC that HK accounts for $12-13 billion each day, doubling the amount traded last year. (more…)
As China surpasses the US as the world’s biggest net importer of oil, investors are straining to get a clearer picture about what’s happening inside China’s oil trade. Watch this video to learn about two key tools inside Thomson Reuters Eikon to help you get more detailed information about China’s energy sector.
Seek more with Thomson Reuters Eikon.