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Geregistreerd op: 09 Mei 2018
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 Geplaatst: 31-08-2018 07:12:53 Onderwerp: The men eventually |
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Three German car parts suppliers have been told by China they can no longer manage their Chinese units independently but need to form partnerships with local peers Shaquille O'Neal Jersey , the chief executive of auto parts maker ElringKlinger told a German newspaper.
Such a decision, if substantiated, would fit with an increasingly tough stance adopted by China's competition regulator, the National Development and Reform Commission (NDRC), towards the foreign car industry.
It recently began to investigate foreign carmakers following complaints that they were overcharging Chinese customers.
"The Chinese state has told several (German car) suppliers that they are no longer allowed to operate their Chinese subsidiaries on their own but only as part of a joint venture in the future," ElringKlinger's Stefan Wolf was quoted as saying in the Monday edition of Stuttgarter Zeitung.
Wolf said he knew of three companies that now needed to look for a Chinese partner, but did not name them. He said ElringKlinger had not been affected for now.
The companies targeted tend to have expertise in key technologies, Wolf told the paper, adding that ElringKlinger had already transferred a lot of know-how to its Chinese division.
"I believe this is an attempt to catch up on know-how and innovation," he told the paper.
GERMAN SUPPLIERS
Foreign automakers like Volkswagen and Daimler are obliged to form joint ventures in China, but several overseas component makers have not been subject to the same requirements.
Those companies have expanded their operations in China, the world's largest auto market, and grabbed a bigger part of the industry's value chain as car manufacturers cut back on research and development to keep down fixed costs.
In 2012, suppliers spent 37 billion euros ($49 billion) on research and development, equivalent to 69 percent of global automotive research and development spending, according to consulting firm Oliver Wyman.
As a result, their share of overall value creation in the automotive industry is expected to rise to 81.1 percent by 2025 from 77.3 pct in 2012, according to the firm.
GERMAN COMPANIES UNAWARE
German auto parts maker Robert Bosch GmbH's China unit said it has not received any notification from Chinese authorities with regard to changes of foreign investment policies related to the automotive component industry.
"We believe that foreign investment will continue to play a vital role in China's economic development and foresee (an) improving investment environment of fairness and open competition in China," Bosch said in an e-mailed statement. Bosch already has some joint ventures in China.
Continental, another major German automotive supplier, said it had received no requests from the Chinese authorities to form joint ventures. The China units of U.S. engine maker Cummins Inc and France's Faurecia SA said they were unaware of any policy changes.
A spokesman for automotive cable and wiring systems supplier Leoni AG said it too was unaware of a current request, but acknowledged that Chinese authorities had been in touch about forming a joint venture in the past.
China last week fined a dozen Japanese parts makers a record $201 million for manipulating prices, and European car brands including Volkswagen, Audi, BMW and Mercedes are scrambling to lower prices for new cars and spare parts to appease Chinese regulators who have accused some of them of anti-competitive behaviour.
Chinese investment bank China International Capital Corp said in a report on Monday that the Chinese government was more likely to urge foreign component makers to "voluntarily" seek Chinese partnership during the approval process, rather than make drastic policy changes in the short term.
Agencies
HO CHI MINH CITY， Aug. 10 (Xinhua) -- Vietnam's Ho Chi Minh City will pour 200 million US dollars into developing a track cycling facility and a 9，000-seat stand， the municipal authorities said Wednesday.
The track is 250 meters long， meeting the Olympic standards.
It will be built at the Rach Chiec national sports complex in District 2， said the Ho Chi Minh City People's Committee. It will be constructed by a private company.
Besides track cycling events， the facility can act as a venue for other sports such as badminton， table tennis and basketball， and cultural events.
RIO DE JANEIRO, Oct. 4 (Xinhua) -- Heavy rain forced Rio 2016 organizers to cancel the Olympic BMX test event on Sunday, just a day after competitors declined to compete due to safety concerns.
Officials agreed to modify the track on Saturday after the International Cycling Union said some sections were dangerous for racing.
The men eventually used the same course as the women before the event was abandoned due to bad weather.
According to the Uol news portal, local riders Rogerio dos Reis and Bianca Quinalha suffered suspected fractures after falls early on Sunday.
Despite the early finish, Rio 2016 sports director Agberto Guimaraes described the event as a success.
"I don't think we could have had a better test," Guimaraes was quoted telling the Globo newspaper.
"All the changes we made to the track and the feedback from athletes have been invaluable. We know that we have to do all we can to make sure the track remains dry (next year)."
Located at the Deodoro Olympic complex, the track will also stage the Olympic mountain bike and canoe slalom test events later this month.
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