China: The second home market of the Volkswagen Group

Size: px
Start display at page:

Download "China: The second home market of the Volkswagen Group"

Transcription

1 China: The second home market of the Volkswagen Group Carsten Isensee Executive Vice President Finance, Volkswagen Group China HSBC Roadshow, Hongkong, November 2014

2 Business overview and sales performance Market development Investments Volkswagen Group China Our products Emerging business fields and financial results 2

3 Volkswagen Group China (VGC) at a glance Volkswagen production facilities in China Facts 2014 Shanghai Volkswagen Urumqi FAW-Volkswagen Volkswagen FAW Platform Volkswagen China Investment Company Chengdu Car production plants Component plants Headquarters Volkswagen Group China Volkswagen FAW Engine Beijing Dalian Yizheng Nanjing Changzhou Shanghai Ningbo Foshan Tianjin FAW-Volkswagen Volkswagen FAW Platform Changchun FAW-Volkswagen (Volkswagen, Audi) Volkswagen FAW Platform Volkswagen Automatic Transmission Dalian Volkswagen FAW Engine Volkswagen Automatic Transmission Tianjin Shanghai Volkswagen MAN Diesel & Turbo Shanghai Volkswagen (Volkswagen, ŠKODA) Shanghai Volkswagen Volkswagen Transmission Shanghai Volkswagen Powertrain Volkswagen Group ventured into China more than 30 years ago Over 20 million cars delivered to Chinese customers since market entry 89,000 employees work for the Volkswagen Group in China Another 360,000 employees work within our dealer network Volkswagen Group China is represented by more than 40 entities in China People are the center of Volkswagen Group China s strategy Ren Wei Ben. 3

4 Deliveries to customers Volkswagen Group in China (January October 2014) Import FBU ( 000 units) Volkswagen Group: 184 FAW-VW Locally produced ( 000 units) 1,433 SVW 1,409 Ʃ 2,842 Total deliveries region China 3,026 1) 1) incl. Hong Kong, excl. Scania, and Ducati. All figures shown are rounded. 4

5 Deliveries to customers by brand (January October 2014) `000 units 3, % 2,652 3, % January October 2013 January October ,500 2,000 2,018 2,296 With a solid sales performance year-to-date all brands contributed to the strong growth of Volkswagen Group China 1,500 1, % % % 36 1) incl. Hong Kong, excl. Scania, and Ducati. 5

6 Volkswagen Group No. 1 in the Chinese passenger vehicle market Passenger vehicle market China (January - October 2014 y-t-d) Others (i.e. local brands) 30% 21% Volkswagen Group Rank Brand/Group Delta of market share (y-t-d) 10% Comp.1 1 Volkswagen Group + 0.3% 2 Competitor 1-0.3% 10% 3 Competitor 2-0.1% 5% 5% Comp.2 4 Competitor 3 +/- 0.0% Comp.4 Comp.3 5 Competitor 4-0.6% 6

7 6 out of the Top 10 selling vehicles are Volkswagen brand models Deliveries to customers (January October 2014) 1 Lavida 311,295 vehicles 5 Jetta 247,297 vehicles 2 Santana 266,138 vehicles 9 Tiguan 197,954 vehicles 4 Sagitar 250,184 vehicles 10 New Bora 192,076 vehicles Source: CPCA 7

8 Audi in China Enhancing leadership in the premium segment Flexible capacity expansion, adjusted to market demand Leading the premium SUV market in China Annual production capacity, vehicles up to 700,000 SUV share of the premium market Comparison of growth rates 100, ,000 Production 400,000 Production SUV 18% 82% 38% 62% 40% 35% 30% 25% 20% 15% +22% +30% +36% Pioneering the compact segment with three locally produced models 2008 Jan-Sep % 5% 0% Jan-Sep 2014 Premium Market SUV Premium Market Audi SUV Audi Q3 Segment leader 50% market share (Jan-Jul 2014) Audi A3 Sedan 1st local premium compact sedan launched early September 2014 Audi A3 Sportback 1st local premium compact hatchback launched in March

9 China has become the most important sales market for ŠKODA Further volume expansion of ŠKODA within the next years Developing the model range in China Annual deliveries to customers > 500,000 Spaceback 226,971 Rapid Rapid 27,000 Yeti Yeti Others % ŠKODA Top 5 markets 1991 vs % Czech Republic 5% 9% 6% 8% UK Slovak Republic Poland Germany Others Czech Republic 37% 6% 7% 10% Germany UK 25% 15% China Russia Import Local Production Octavia Octavia Octavia Octavia Octavia Octavia Octavia Octavia 2007 Fabia Fabia Fabia Fabia Fabia Fabia Fabia Current Models Superb Superb Superb Superb Superb Superb New Models Superb Combi Yeti Superb Combi Yeti 9

10 Porsche is gaining substantial momentum in China Deliveries to customers (in units) +15% 31,205 37,425 2,603 1,418 24,340 1, ,738 2, ,148 7,726 26,666 19,959 13, Cayenne Panamera 911 Boxster/Cayman Dealerships (number of dealers) CAGR SUV Sports Car Macan launch in China: Q Increasing model variety and improving customer experience Flagship Sports Car Initiative China Porsche Experience Center Shanghai CAGR +16% Focus 2014: Pro-active sports car market development and exploitation with 911 and Boxster/Cayman

11 Business overview and sales performance Market development Investments Volkswagen Group China Our products Emerging business fields and financial results 11

12 China continues to offer substantial growth potential Real GDP growth in % Bubble size: real GDP 2013 data unless otherwise stated India China Brazil China 2020 Russia China 2030 Japan Germany USA Real GDP per capita in `000 USD PPP Source: IHS Economics 12

13 Continued positive economic development and the increase in household income drives private consumption on a solid growth path in USD bn % 7,000 6,000 5,000 4,000 3,000 2,000 1,000 0 Private Consumption, China (left scale) Private Consumption Growth Rate, China (right scale) Source: IHS Economics 13

14 Traffic restrictions reduce local deliveries, however, rumors on future restrictions lead to front loading of car sales Cities with either restriction policy in place or rumors on future restrictions Deliveries in cities with or without restrictions 1) Cities restricted Cities with restriction rumors Beijing (2011) Tianjin(2014) Dalian Shijiazhuang Qingdao Lanzhou Nanjing Shanghai (1994) Xi an Zhengzhou Suzhou Chengdu Chongqing Wuhan Hangzhou (2014) Ningbo Dongguan Foshan Shenzhen Guangzhou (2012) in 000 units 11,297 2,376 2,376 1,246 7,675 7, % 12,699 3,111 1,042 8,546 w/ Rumors (15 cities) Restricted (6 cities) Not restricted (326 cities) Growth (y-o-y) 30.9% -16.3% 11.3% Guiyang (2011) Remark: Restricted cities include Beijing, Shanghai, Guangzhou, Tianjin, Hangzhou, Guiyang; 15 cities w/ rumors include Chengdu, Chongqing, Dalian, Dongguan, Foshan, Lanzhou, Nanjing, Ningbo, Qingdao, Shenzhen, Shijiazhuang, Suzhou, Wuhan, Xi an, Zhengzhou Jan - Sep 2013 Jan - Sep ) converted to deliveries to customers from registration data Source: Registration data, CPCA 14

15 Less developed cities provide new opportunities Level I cities Level II cities Share of total market ᴓ cars/1,000 inhabitants Number of cities Average # of inhabitants (m) ᴓ cars/1,000 inhabitants Number of cities Average # of inhabitants (m) ᴓ Beijing Shanghai Guangzhou 119 Dalian Xi an Changsha Level III cities Level IV cities Level V cities Shantou Hengshui Jingdezhen 62 Guyuan Yaan Zigong Haibei Jinchang Turpan Level III, IV and V cities Level I and II cities Level I share 41% 2014e Level III share Level V share 59% 2014e 37% 2015e 63% 2015e Level II share 35% 2016e 65% 2016e 34% 2017e Level IV share 66% 2017e 33% 2018e 67% 2018e 15

16 China will invest further in the construction of road infrastructure Length of national roads in China ( 000 km) National Road Network Construction Plan National expressways National ordinary roads 265 Urgent need to expand the current road network: % % more than 900 counties 1) in China are not connected to the national road network more than 18 cities with >200,000 population and 29 regional administrative centers are not connected to expressways The Central Government Plan: By 2030, all cities above 200,000 inhabitants will be connected to the national expressway network, and all counties will be connected to the national ordinary road network Source: National Road Network Construction Plan ( ) 1) There are 2,856 counties in China 16

17 Southern and Western regions show above average growth supporting our Go South and Go West Strategy Regional share of total market sales (Q vs. Q in %) Western region 21% 22% Q Q Xinjiang Tibet Qinghai Sichuan Yunnan Gansu Ningxia Inner Mongolia Beijing Tianjin Hebei Shaanxi Chongqing Guizhou Guangxi Shanxi Henan Hubei Hunan Jiangxi Fujian Guangdong Shandong Anhui Liaoning Jiangsu Zhejiang Heilongjiang Northern region Eastern region Southern region Jilin Shanghai 35% Q % Q % Q % Q % Q % Q Hainan Source: Registration data 17

18 How big will the Chinese passenger vehicle market be in 2020? in m vehicles Forecast 10% growth in 2014e: ~ 17.5 m vehicles Scenario CAGR 10% 32 m vehicles p.a : 15.9 m vehicles Scenario CAGR 5% 25 m vehicles p.a Source: Volkswagen Group China scenario calculation 18

19 Business overview and sales performance Market development Investments Volkswagen Group China Our products Emerging business fields and financial results 19

20 Investment program and core projects Scenario CAGR 5%: >20 m passenger vehicles Vehicle plants Total investment of 18.2 bn 1) in Component plants Products Assuming a 5% CAGR and a 20% market share of VGC the additional annual sales volume 1 m 200,000 would imply a need of 2 new factories every 3 years New plant Changsha (SVW) Capacity increase Foshan (FAW-VW) Chengdu (FAW-VW) Capacity increase Changchun Chengdu Tianjin Dalian CO 2 measures for plants and products PHEV products MQB products Total market Volkswagen Group China 1) Status as per press release 22 November

21 Go West and Go South strategies are core drivers for future growth Urumqi Changchun Go West Strategy Beijing Tianjin Qingdao Chengdu Yizheng Nanjing Shanghai Go South Strategy Changsha Ningbo Foshan Existing vehicle production site Planned vehicle production site 21

22 Capacity expansion plans on the way to 4 million units in 2018 (Standard capacity of 250 working days) 4 million units m Upward flexibility Urumqi Ningbo Yizheng Nanjing Shanghai Foshan Chengdu Changsha Urumqi Ningbo Yizheng Nanjing Shanghai Foshan Chengdu Changsha Urumqi Ningbo Yizheng Nanjing Shanghai Foshan Chengdu SVW FAW-VW Changchun Changchun Changchun 2013 Production 2013 Capacity 2015 Capacity 2018 Capacity 1) Capacity expansion plans are based on the expected growth in unit sales, upward flexibility (e.g. additional working days) and downward flexibility (e.g. postponement of expansion steps). 1) As per 12/2013; the new vehicle plants planned in Qingdao and Tianjin are not included in the chart (planned start of production in 2017/18) 22

23 Implementation of the MQB toolkit in the Chinese production network Urumqi Beijing Changchun MQB & MLB share of Volkswagen Group production Chengdu Tianjing Qingdao Yizheng Nanjing Shanghai Changsha Ningbo Foshan Existing production site MQB production site by 2016 Planned MQB production site MQB MLB MQB volume China Golf A3 SB A3 Octavia Lamando Implementation of MQB in the Chinese production network will significantly reduce investments for new models 23

24 Significant growth of dealer networks planned 1) 31 Xinjiang 6 Tibet [as of H1 2014] 45 Heilongjiang 41 Jilin Gansu Inner Mongolia Liaoning 28 Beijing Tianjin Qinghai Ningxia 71 Hebei 216 Shanxi Shandong Shaanxi Henan 72 Jiangsu Sichuan Shanghai Hubei Anhui 91 Chongqing Zhejiang 34 Hunan Guizhou Jiangxi Fujian Yunnan Guangxi Guangdong Hainan 2, ,593 ~2,750 >3, e 2018e 1) Map includes only Volkswagen, Audi and ŠKODA dealers; discrepancies may occur due to reporting backlog 24

25 Business overview and sales performance Market development Investments Volkswagen Group China Our products Emerging business fields and financial results 25

26 Broad local product portfolio at FAW-Volkswagen and SVW New Bora Sagitar Magotan Jetta Gran Lavida Santana Passat Tiguan Volkswagen CC Golf Volkswagen Polo Touran Lavida Lamando A4L A6L Q3 Q5 Yeti Fabia Superb Octavia Audi A3 SB A3 ŠKODA Rapid Rapid SB Note: Status as per July

27 Model launches in 2014: Continuously strong product momentum New locally produced models New import models e-up! Golf Variant Scirocco T5 Caravelle A3 A3 Sportback SVW Polo Rapid Spaceback S3 RS7 A8L S8 A8 Hybrid Cross Polo Octavia Macan Cayenne Cayenne GTS Cayman GTS Boxster GTS 918 Spyder FAW-VW Flying Spur V8 Continental GT V8S Cont. GT Conv. V8S Huracán A3 Sportback A3 27

28 Significant extension of product portfolio planned: More than 100 models by : CKD 22 FBU e: CKD >35 FBU>65 >100 Note: number of models including derivatives 28

29 SUVs are already the second largest body type in the Chinese market and the growth is expected to continue body type market share % Notchback Hatchback MPV SUV Others 63, , , ,3 12, , , , , e 2020e 2024e Source: Volkswagen Group China, % share of body type in total passenger car market 29

30 Volkswagen China Product solutions to match our customers needs China special detail solutions Passat USA Passat China China specific wheelbase extensions, trim and colors A6 Europe Yeti Europe A6 L China Yeti China China exclusive spare wheel 30

31 Toolkits support the localisation of of our products Platform Extended Wheel Base Lamando Exterior Interior Chrome Leather Wood Lighting Color 31

32 Legal requirements of average fuel consumption targets for fleets in China l/100 km l 164g CO 2 /km 120g CO 2 /km 4.8l 1) 5.0l g CO 2 /km 3.8l 1) The Chinese target is challenging due to the low proportion of diesel cars in China of only ~1% customers preference for larger vehicles Published data Assumptions of the Volkswagen Group 1) Committed EU targets of the Volkswagen Group 32

33 Volkswagen Group China to actively engage in the New Energy Vehicle market with locally produced cars as well as the localization of technology Timing Introduction Porsche Panamera S E-Hybrid Volkswagen e-up! Audi A6 e-tron Porsche 918 Spyder Audi A3 e-tron e-golf Golf GTE Phase Development Import Local production Localization of New Electric Vehicle technology 33

34 Expansion of Research & Development know-how in China ~ 2,700 engineers in R&D in China Design Engine development Body development Electric & Electronics development Prototype workshops Vehicle testing facilities 3D development environments 34

35 Business overview and sales performance Market development Investments Volkswagen Group China Our products Emerging business fields and financial results 35

36 Car park development of Volkswagen Group China shows substantial opportunities for growth in the service and spare parts businesses Car park of Volkswagen Group China brands Age segmentation of car park 2014 in m units > years 20% 8-10 years 10% >10-15 years 5% 1-2 years 39% 3-4 years 26% Age segmentation of car park years 19% >10-15 years 11% 1-2 years 22% Car park covers all Volkswagen Group brands (only luxury car park does not use scrapping rate) Definition: Car park 2014 is car park as at 31 Dec years 27% 3-4 years 21% Car park will grow approx. 2 times by 2018 and 3 times by 2023 compared to

37 Development of pre-owned car dealer business Total pre-owned car market forecast 1) Group pre-owned car dealer roll-out in m units Pre-Owned Commercial Vehicles Pre-Owned Passenger Cars in `000 units e 2015e 2016e 2017e 2018e 2019e 2020e e e e e Volkswagen + ŠKODA (Das WeltAuto) Audi (refined recomm.) Porsche (approved pre-owned) Bentley (Bentley pre-owned) Qualitative and quantitative roll-out of group pre-owned car dealers 37

38 Volkswagen Financial Services is further growing its business Gaining share in an expanding retail financing market Volkswagen Finance (China) retail finance penetration in the Volkswagen Group China network (% of deliveries to customers) / e Strong retail finance development New retail finance contracts (number of units) 390,000 Cash Finance Cash Finance Cash Finance 90% 73% 67% 227,000 10% 27% 33% 149,000 8% 16% 18% 78,000 2% 11% 15% VW FS Others VW FS Others VW FS Others e Financial Services China: Strategic growth dimensions Leasing / Credits Fleet Management Used Cars New Mobility After Sales / Insurance 38

39 Another strong operating result from January to September Q1-Q Deliveries to Customers ( 000 Units) 1,923 2,259 2,815 3,271 2,719 Production (100%) 1) ( 000 Units) 1,914 2,202 2,643 3,135 2,615 1) SVW Group / FAW-VW Group Operating profit (100%) ( m) 4,389 6,134 8,424 9,569 9,061 Operating profit (proportionate) ( m) 1,907 2,616 3,678 4,296 3,920 39

40 Chinese Joint Ventures generate substantial, self-funded growth and at the same time sustainably rising dividends Total amount of dividends paid out to Joint Venture partners (in bn) Total amount of dividend Chinese Joint Ventures thereof paid to Volkswagen Group

41 Volkswagen Group China is well positioned to maintain its number one position in the market and seize additional opportunities in the future in m units

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. J.P. Morgan Investor Meeting, Beijing June 05 th, 2014

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. J.P. Morgan Investor Meeting, Beijing June 05 th, 2014 Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance J.P. Morgan Investor Meeting, Beijing June 05 th, 2014 Content Business Overview and Sales Performance Market Development Investments

More information

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012 Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012 Content Our Momentum in China Outlook Market Development

More information

Volkswagen Group China Balancing the New Normal

Volkswagen Group China Balancing the New Normal Volkswagen Group China Balancing the New Normal Carsten Isensee Executive Vice President Finance, Volkswagen Group China JP Morgan Fieldtrip, Beijing, 13 June 2016 1 2 Disclaimer The following presentations

More information

China - One Nation, Multiple Markets

China - One Nation, Multiple Markets Hong Kong Your Fast Track to China China - One Nation, Multiple Markets Presented by : Fanny Ting Marketing Director Victorinox Hong Kong Limited Agenda 1. How Victorinox Hong Kong (VHK) sees the China

More information

January March 2015 Conference Call and Webcast 29 April 2015

January March 2015 Conference Call and Webcast 29 April 2015 January March 2015 Conference Call and Webcast 29 April 2015 Disclaimer The following presentations contain forward-looking statements and information on the business development of the Volkswagen Group.

More information

Workshop Management Office: Fairlink Exhibition Services Ltd.

Workshop Management Office: Fairlink Exhibition Services Ltd. PhD Workshop 2015 State 211 Project State 211 Project is the Chinese government's new endeavor aimed at strengthening about 100 institutions of higher education and key disciplinary areas as a national

More information

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre Transport Infrastructure Development in China October 213 Fung Business Intelligence Centre In this issue: Overview Four Transportation Modes Government Initiatives 2 Overview 3 Passenger traffic at a

More information

VWNMS Dr. Frank Galas 24 th September 2014 Volkswagen Leasing China 1

VWNMS Dr. Frank Galas 24 th September 2014 Volkswagen Leasing China 1 1 Leasing is the natural choice for commercial customers Fixed low monthly leasing payments full transparency and cost control No bound capital and higher financial freedom for the business Off balance

More information

CHINA CELL PHONE MARKET PROFILE. Beijing Zeefer Consulting Ltd.

CHINA CELL PHONE MARKET PROFILE. Beijing Zeefer Consulting Ltd. CHINA CELL PHONE MARKET PROFILE February 2011 INTRODUCTION This report discusses the cell phone market in China mainly from the following sections. - Size of Cell Phone Market in China Based on Zeefer's

More information

GLOBAL INSIGHT AUTOMOTIVE SEMINAR

GLOBAL INSIGHT AUTOMOTIVE SEMINAR GLOBAL INSIGHT AUTOMOTIVE SEMINAR 12 JUNE 2007 OKURA GARDEN HOTEL SHANGHAI Do Diesel Cars Have a Future in China and Other Asian Markets? Tianshu Xin Director, Global Technical Research A Reminder: Compared

More information

Volkswagen Achieving Global Success Locally Americas Investor and Analyst Conference

Volkswagen Achieving Global Success Locally Americas Investor and Analyst Conference Volkswagen Achieving Global Success Locally Americas Investor and Analyst Conference Hans Dieter Pötsch Member of the Board of Management, Finance and Controlling, Volkswagen AG Chattanooga, 26 September

More information

Volkswagen Group: Financial sustainability on core strengths

Volkswagen Group: Financial sustainability on core strengths Volkswagen Group: Financial sustainability on core strengths Hans Dieter Pötsch Member of the Board of Management, Volkswagen Aktiengesellschaft Volkswagen Investor Day, Frankfurt, 9 September 2013 Disclaimer

More information

Volkswagen Financial Services Strategy and business development in China

Volkswagen Financial Services Strategy and business development in China Volkswagen Financial Services Strategy and business development in China Harald Müller General Manager, Volkswagen Finance (China) Co., Ltd. Beijing, 14 April 2015 Volkswagen Group Leveraging the power

More information

Media Briefing. 2016 First Quarter Findings

Media Briefing. 2016 First Quarter Findings Media Briefing Greenpeace City Rankings, First Quarter 2016 PM2.5: As eastern China s air quality improves rapidly, 69 cities in central and western China see air quality deteriorating Greenpeace East

More information

Société Générale Roadshow Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft. Paris, 2 June 2008

Société Générale Roadshow Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft. Paris, 2 June 2008 Société Générale Roadshow Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft Paris, 2 June 2008 Agenda Operating Performance Emerging Markets Profitable Growth 2 Our roadmap

More information

Lawrence Berkeley National Laboratory. Key China Energy Statistics

Lawrence Berkeley National Laboratory. Key China Energy Statistics Lawrence Berkeley National Laboratory Key China Energy Statistics 2012 The LBNL China Energy Group The China Energy Group at Lawrence Berkeley National Laboratory (LBNL) was established in 1988. Over the

More information

BMW China. Dealer Development.

BMW China. Dealer Development. Page 1 BMW China.. Dealer Development September 2010 Sheer Driving Pleasure Page 2 China auto market overview. Both total Passenger Vehicle (PV) market and plus segment have been growing quickly over the

More information

Volkswagen Group Moving ahead

Volkswagen Group Moving ahead Volkswagen Group Moving ahead Frank Witter Member of the Board of Management UniCredit Kepler Cheuvreux German Corporate Conference, Frankfurt, 20 January 2016 Disclaimer The following presentations contain

More information

Volkswagen and the Chinese Automotive Market

Volkswagen and the Chinese Automotive Market Volkswagen and the Chinese Automotive Market Dr. Bernd Leissner Agenda Volkswagen Group China Summary 1 Volkswagen Group Production and Assembly Facilities Region Europe Region North America Region China

More information

Volkswagen Group: Financial sustainability on core strengths

Volkswagen Group: Financial sustainability on core strengths Volkswagen Group: Financial sustainability on core strengths Volkswagen Aktiengesellschaft Fixed Income Conference with Société Générale, Paris, 7 October 2014 Disclaimer The following presentations contain

More information

Interim Administrative Measures on Domain Name Registration

Interim Administrative Measures on Domain Name Registration Interim Administrative Measures on Domain Name Registration (Promulgated by Leading group for information technology advancement under the state council) PART ONE GENERAL PROVISIONS Article 1 Article 2

More information

Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences

Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences BIOPAC Users List Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences National Examination Centre of Medicine and Biological

More information

GLOBAL HOUSING WATCH. April 2016

GLOBAL HOUSING WATCH. April 2016 GLOBAL HOUSING WATCH April 2016 This Quarterly Update includes an update of the Global House Price Index and our other core charts, and a discussion of house price developments in some cities within major

More information

BlueScope Butler China

BlueScope Butler China China Shanghai Analyst Briefing - Shanghai 12th November, 2004 Presented by: Mike Alossi President BlueScope Steel China Tianjin Presentation Outline 1. Overview 2. Facilities and Processes 3. Products

More information

F n i a n l a Ac A c c o c u o n u t n s t of o th t e h Ch C i h n i a

F n i a n l a Ac A c c o c u o n u t n s t of o th t e h Ch C i h n i a Final Accounts of the China Securities Regulatory Commission (CSRC) 2012 1 Content Part I Profile of the CSRC I. Main responsibilities II. Composition of department budget entities Part II Final Accounts

More information

Social Insurance in China

Social Insurance in China Issue 138 November 2013 From Dezan Shira & Associates Social Insurance in China Overview of Social Insurance in China Foreigners Participation in China s Social Insurance System Determining Minimum and

More information

SECRET. under the Banking Ordinance. Return of Mainland Activities

SECRET. under the Banking Ordinance. Return of Mainland Activities SECRET under the Banking Ordinance Return of Mainland Activities For Position of the Hong Kong Office(s), Mainland Branch(es) and Mainland Subsidiary Bank(s) of an Authorized Institution as the case may

More information

China: Business Opportunities and Challenges

China: Business Opportunities and Challenges China: Business Opportunities and Challenges March 3, 2005 Agenda Vitro Overview Business Opportunities in China Business Challenges in China 1 Vitro's Profile 2004 3Q-LTM Sales 1 : US$2,261 Mill 90% of

More information

China s Distributed Solar PV Ambitions Policies and Challenges. Asia Solar Energy Forum 2015

China s Distributed Solar PV Ambitions Policies and Challenges. Asia Solar Energy Forum 2015 China s Distributed Solar PV Ambitions Policies and Challenges Asia Solar Energy Forum 2015 June 15, 2015 Manila The Philippines Frank Haugwitz Director Frank.Haugwitz@aecea.com.de Asia Europe Clean Energy

More information

CNOOC Natural Gas Business

CNOOC Natural Gas Business CNOOC Natural Gas Business CNOOC 2 October 2014 1. CNOOC Gas & Power Overview 2. Chinese Gas Market Overview 3. Chinese Economic & Gas Market Update 4. Chinese Gas Market Outlook 5. Summary CNOOC Overview

More information

Power Transmission and Distribution A Solid Foundation for Profitable Growth

Power Transmission and Distribution A Solid Foundation for Profitable Growth Power Transmission and Distribution A Solid Foundation for Profitable Growth Udo Niehage, Group President Capital Market Days February 23-24, 2006 Siemens Capital Market Days, February 23-24, 2006 Page

More information

Received 8 January 2015; accepted 25 February 2015; published 28 February 2015

Received 8 January 2015; accepted 25 February 2015; published 28 February 2015 American Journal of Industrial and Business Management, 2015, 5, 66-72 Published Online February 2015 in SciRes. http://www.scirp.org/journal/ajibm http://dx.doi.org/10.4236/ajibm.2015.52008 Study on the

More information

POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA

POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA PURPOSE: POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA This Policy sets forth how the Company will manage the Personal Data that it collects in the normal course of business. SCOPE: This Policy

More information

Global Access Information. Conferencing

Global Access Information. Conferencing Conferencing Global Access Information Global Access allows audio conferencing participants the ability to join calls from around the globe using local and freephone dial-in numbers. Dialing Information

More information

Trends in Global Coal Markets

Trends in Global Coal Markets Trends in Global Coal Markets www.woodmac.com Meet Alaska 2012 Jeff Watkins Chairman of Coal January 2012 Agenda 1 GDP Growth Forecast 2 Global Energy Demand 3 Alaska s Coal Resources Wood Mackenzie 2

More information

Factbook. 572,800 employees worldwide. 12 fascinating brands. 9.73 million vehicles sold in 2013. 153 countries

Factbook. 572,800 employees worldwide. 12 fascinating brands. 9.73 million vehicles sold in 2013. 153 countries Factbook 2014 12 fascinating brands 9.73 million vehicles sold in 2013 572,800 employees worldwide 153 countries 1 We succeeded in keeping the Volkswagen Group on a growth path in fiscal year 2013, despite

More information

Integrating Automotive and Financial Services

Integrating Automotive and Financial Services Integrating Automotive and Financial Services Frank Witter, CEO Volkswagen Financial Services AG Frank Fiedler, CFO Volkswagen Financial Services AG Ehra-Lessien, 11 March 2009 Agenda Financial Services

More information

Investor Meeting with Bankhaus Metzler. Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft

Investor Meeting with Bankhaus Metzler. Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft Investor Meeting with Bankhaus Metzler Hans Dieter Pötsch, Member of the Board of Management Volkswagen Aktiengesellschaft 8 June 2009 Volkswagen: Managing the Downturn / Investing in the Future Q1 2009

More information

Key Financial Figures 2013

Key Financial Figures 2013 Key Financial Figures 2013 ŠKODA AUTO Group Deliveries to customers year-on-year 2013 920,750 2012 939,202 ŠKODA AUTO Group Sales revenues year-on-year (CZK million) 2013 2012 268,500 262,649 ŠKODA AUTO

More information

Committed to the NAFTA Region and Increasing Local Footprint

Committed to the NAFTA Region and Increasing Local Footprint Committed to the NAFTA Region and Increasing Local Footprint Andreas Buchta Investor Relations Americas, Volkswagen Group of America West Coast Roadshow with HSBC, Los Angeles, San Diego & San Francisco

More information

ŠKODA AUTO Group Deliveries to customers year-on-year

ŠKODA AUTO Group Deliveries to customers year-on-year Key Figures 2014 ŠKODA AUTO Group Deliveries to customers year-on-year 2014 1,037,226 2013 920,750 ŠKODA AUTO Group Sales revenues year-on-year (EUR million) 2014 11,758 2013 10,324 ŠKODA AUTO Group Operating

More information

Infrastructure and regional economic development in rural China

Infrastructure and regional economic development in rural China China Economic Review 15 (2004) 203 214 Infrastructure and regional economic development in rural China Shenggen FAN a,b, *, Xiaobo ZHANG a a International Food Policy Research Institute, Washington, DC,

More information

China Internet. Report. The Second Quarter of 2013. Content-aware Network Services. en.chinac ache. com. www.ccindex.cn. ChinaCache.

China Internet. Report. The Second Quarter of 2013. Content-aware Network Services. en.chinac ache. com. www.ccindex.cn. ChinaCache. Content-aware Network Services China Internet en.chinac ache. com www.ccindex.cn Report The Second Quarter of 201 ChinaCache ChinaCache_CCIH ChinaCache International Holdings Ltd. Table of Contents Abstract

More information

Cities Research Center, 2015. China60: From Fast Growth to Smart Growth

Cities Research Center, 2015. China60: From Fast Growth to Smart Growth Cities Research Center, 2015 China60: From Fast Growth to Smart Growth 2 Cities Research Center China60 Cities Research Center China60 3 Contents Foreword 5 Executive Summary 7 Introducing the China60

More information

15 30 October, 2011 Beijing, Qingdao, Xi an Shanghai, Wuhan, Chengdu, Guangzhou

15 30 October, 2011 Beijing, Qingdao, Xi an Shanghai, Wuhan, Chengdu, Guangzhou 15 30 October, 2011 Beijing, Qingdao, Xi an Shanghai, Wuhan, Chengdu, Guangzhou Post Event Report November, 2011 Post Event Report on China Education Expo 2011 I. Fact Sheet Name : China Education Expo

More information

Prof. Dr. h.c. WINFRIED VAHLAND CHAIRMAN OF THE BOARD

Prof. Dr. h.c. WINFRIED VAHLAND CHAIRMAN OF THE BOARD Prof. Dr. h.c. WINFRIED VAHLAND CHAIRMAN OF THE BOARD Geneva Motorshow 2013 2 Prof. Dr. h. c. Winfried Vahland, Chairman of the Board of Management ŠKODA AUTO, Annual Press Conference March 20, 2013 New

More information

The Development of Soil Survey and Soil Mapping in China

The Development of Soil Survey and Soil Mapping in China The Development of Soil Survey and Soil Mapping in China Gan-Lin Zhang, Zi-Tong Gong State Key Laboratory of Soil and Sustainable Agriculture, Institute of Soil Science, Chinese Academy of Sciences, Nanjing

More information

Connecting Global Competence. The future of building for China

Connecting Global Competence. The future of building for China Connecting Global Competence The future of building for China BAU Congress China BAU Congress China is an annual congress and accompanying exhibition that focuses clearly on high-quality building design,

More information

What happened so far?

What happened so far? Marcus Wassmuth June 15th, 2011 Use of CNY in International Trade Settlement German Chamber Shanghai Workshop Controlling Marcus Wassmuth, June 15th, 2011, Page 1 Titel der Präsentation, Referent, Seite

More information

1-6/2015: Audi outperformed the overall car market

1-6/2015: Audi outperformed the overall car market Goldman Sachs Fieldtrip September 3, 2015 Axel Strotbek Member of the Board for Finance and Organization, AUDI AG 1-6/2015: Audi outperformed the overall car market World car market (veh.) Audi deliveries

More information

A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement. Company Presentation March 2012

A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement. Company Presentation March 2012 A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement Company Presentation March 2012 2 Safe Harbor Statement This presentation contains forward-looking statements

More information

Always Beside You, Make All Customers Satisfied

Always Beside You, Make All Customers Satisfied Always Beside You, Make All Customers Satisfied Beijing Shenyang Xi an Qingdao Chengdu Wuhan Shanghai Guangzhou Xiamen Branch Offices Distribution Customer Service Center Distribution OMRON INDUSTRIAL

More information

OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES

OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES Acknowledgements This report is the outcome of research collaboration between the China-Britain Business Council (CBBC) and the Centre for International

More information

Marketing and Sales Highlights of the Volkswagen Group. Investor Meeting London, 13 July 2006

Marketing and Sales Highlights of the Volkswagen Group. Investor Meeting London, 13 July 2006 Marketing and Sales Highlights of the Volkswagen Group Stefan Jacoby, Executive Vice President Marketing & Sales Volkswagen Group Investor Meeting London, 13 July 2006 1. Marketing and Sales structure

More information

Space Research of China s Industry Structure and Employment Structure Coordination Degree

Space Research of China s Industry Structure and Employment Structure Coordination Degree Theoretical Economics Letters, 2014, 4, 446-456 Published Online June 2014 in SciRes. http://www.scirp.org/journal/tel http://dx.doi.org/10.4236/tel.2014.46056 Space Research of China s Industry Structure

More information

Introduction. Taxes Supported. E tax Payment Service

Introduction. Taxes Supported. E tax Payment Service Introduction To allow corporate clients to pay taxes (levied by both State Tax Bureau and Local Tax Bureau) electronically, HSBC Bank (China) Company Limited (HSBC China) has completed the system development

More information

Income Statement. January - December 2012 *) % 2013 % million

Income Statement. January - December 2012 *) % 2013 % million Highlights Volkswagen reports successful fiscal year 2013 in a challenging environment: - Sales revenue rises by 2.2% to 197.0 billion - Operating profit exceeds record prior-year level at 11.7 billion

More information

A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market

A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market E M B E D D E D D E V E L O P E R 2 0 1 2 C H I N A I D H R E P O R T Independent Design Houses in China A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market

More information

LEGISLATIVE COUNCIL PANEL ON COMMERCE AND INDUSTRY. Promotion of Inward Investment

LEGISLATIVE COUNCIL PANEL ON COMMERCE AND INDUSTRY. Promotion of Inward Investment For Discussion on 19 January 2010 LC Paper No. CB(1)865/09-10(30) LEGISLATIVE COUNCIL PANEL ON COMMERCE AND INDUSTRY Promotion of Inward Investment PURPOSE This paper updates Members on the work of Invest

More information

LC Paper No. CB(1)1072/13-14(03)

LC Paper No. CB(1)1072/13-14(03) LC Paper No. CB(1)1072/13-14(03) For discussion on 18 March 2014 LEGISLATIVE COUNCIL PANEL ON COMMERCE AND INDUSTRY Promotion of Inward Investment PURPOSE This paper updates Members on the work of Invest

More information

General Motors in China

General Motors in China Backgrounder T GM China General Motors in China General Motors Co., one of the world's largest automakers, traces its roots back to 1908. The General Motors-China relationship dates back more than nine

More information

Outline. Urbanization. Prospect of automobile industry in process of the Mega city develpment in China. 1. Urbanization development in Great China

Outline. Urbanization. Prospect of automobile industry in process of the Mega city develpment in China. 1. Urbanization development in Great China Outline 1. Urbanization development in Great China 2. Mobility development in the process of China s urbanization Prospect of automobile industry in process of the Mega city develpment in China Die Zukunft

More information

2014 Annual Results Presentation. March 2015

2014 Annual Results Presentation. March 2015 2014 Annual Results Presentation March 2015 0 Disclaimer The slides/materials used in this presentation are strictly confidential and are being furnished to you solely for your information and may not

More information

COFCO TUNHE Tomato Industry Introduction. August, 2007

COFCO TUNHE Tomato Industry Introduction. August, 2007 COFCO TUNHE Tomato Industry Introduction August, 2007 Contents COFCO TUNHE Profile COFCO TUNHE Tomato Industrial Management System COFCO TUNHE Tomato Industry International Cooperation China Tomato Processing

More information

BMW DEALER NETWORK IN CHINA

BMW DEALER NETWORK IN CHINA BMW DEALER NETWORK IN CHINA DR. DANIEL KIRCHERT SENIOR VICE PRESIDENT, SALES & MARKETING BMW BRILLIANCE AUTOMOTIVE OCTOBER 19, 2012 CONTENTS. Leading in city coverage Best quality dealer network Sustainable

More information

China s Electricity System: A Primer on Planning, Pricing, and Operations. Fritz Kahrl Jim Williams E3

China s Electricity System: A Primer on Planning, Pricing, and Operations. Fritz Kahrl Jim Williams E3 China s Electricity System: A Primer on Planning, Pricing, and Operations Fritz Kahrl Jim Williams E3 Context Framing question: How to reduce CO 2 emissions in China s power sector? Figure: Wind Curtailment

More information

Development of the Internet and Digital Divide in China: A Spatial Analysis

Development of the Internet and Digital Divide in China: A Spatial Analysis Development of the Internet and Digital Divide in China: A Spatial Analysis Wei, University of Louisville We are in an era in which the nature of work, as measured by the industrial or occupational structure

More information

The Key to Mobility. Creating Value with Financial Services. Fixed Income Investor Update - December 2010. Volkswagen Financial Services AG

The Key to Mobility. Creating Value with Financial Services. Fixed Income Investor Update - December 2010. Volkswagen Financial Services AG The Key to Mobility Creating Value with Financial Services Fixed Income Investor Update - December 2010 Bernd Bode Head of Group Treasury and Investor Relations Volkswagen Financial Services Nils Allnoch

More information

German Business in China

German Business in China German Business in China Business Confidence Survey 2015 Press Conference China German Business in China Key Developments China has emerged as one of Germany s most important international partner economies.

More information

The Company does not undertake to provide updates of these statements.

The Company does not undertake to provide updates of these statements. 2012 Q1 Revenues April 25 th, 2012 This presentation may contain forward-looking statements. Such forward-looking statements do not constitute forecasts regarding the Company s results or any other performance

More information

Annual Salary Survey Report 2013

Annual Salary Survey Report 2013 Annual Salary Survey Report 2013 14 th October 2013 Results and key findings of the 6 th annual wage survey of the German Chamber of Commerce in China Full report is available free of charge for GCC members.

More information

Gender Gaps in China: Facts and Figures

Gender Gaps in China: Facts and Figures Gender Gaps in China: Facts and Figures October 2006 1 Executive Summary Based on the data taken from the 1982, 1990 and 2000 Population Censuses, the report examines from a quantitative perspective gender

More information

Fung Business Intelligence Centre

Fung Business Intelligence Centre Fung Business Intelligence Centre 1 Regional development By province By city Economic performance & commercial landscape of major cities 2 Regional Development - By province 3 Five major regions in China

More information

Session C1: 14.40 15.30. An Overview of Actuarial Assessment of Damages in Personal Injury Litigation in Asia

Session C1: 14.40 15.30. An Overview of Actuarial Assessment of Damages in Personal Injury Litigation in Asia Session C1: 14.40 15.30 An Overview of Actuarial Assessment of Damages in Personal Injury Litigation in Asia Wai Sum Chan, PhD, FSA, HonFIA, CStat Professor of Finance The Chinese University of Hong Kong

More information

Annual Development Report on China's Trademark Strategy 2010

Annual Development Report on China's Trademark Strategy 2010 Annual Development Report on China's Trademark Strategy 2010 TRADEMARK OFFICE/TRADEMARK REVIEW AND ADJUDICATION BOARD OF STATE ADMINISTRATION FOR INDUSTRY AND COMMERCE PEOPLE`S REPUBLIC OF CHINA Comprehensively

More information

Progressive Performance Audi on the way to the leading premium brand

Progressive Performance Audi on the way to the leading premium brand Progressive Performance Audi on the way to the leading premium brand Axel Strotbek, Member of the Board of Management for Finance and Organization, AUDI AG Deutsche Bank Field Trip, June 3,2013 World car

More information

Investor Visit Danske Bank

Investor Visit Danske Bank Investor Visit Danske Bank Martin Primus Head of Financial Communication/ Financial Analysis, AUDI AG May 28, 2014 Audi Group Key figures 2013 1,605,926 Production Audi brand 10.1% Operating return on

More information

Types, Concentration, Diffusion and Spatial Structure Evolution of Natural Gas Resource Flow in China

Types, Concentration, Diffusion and Spatial Structure Evolution of Natural Gas Resource Flow in China Jan., 2016 Journal of Resources and Ecology Vol. 7 No.1 J. Resour. Ecol. 2016 7(1) 012-020 DOI: 10.5814/j.issn.1674-764x.2016.01.002 www.jorae.cn Types, Concentration, Diffusion and Spatial Structure Evolution

More information

SHANGHAI GOOD DELIVERY GOLD INGOTS AND BARS

SHANGHAI GOOD DELIVERY GOLD INGOTS AND BARS SHANGHAI GOOD DELIVERY GOLD INGOTS AND BARS MANUFACTURED IN CHINA FOR THE SHANGHAI GOLD EXCHANGE SECTIONS INTRODUCTION Shanghai Good Delivery Ingots and Bars Sources of Ingots and Bars Main Board and International

More information

Automotive Report 01/14

Automotive Report 01/14 Automotive Report 01/14 Analysis of New Car Registrations in Europe and Italy - January 2014 - Arthur D. Little S.p.A. Corso Monforte, 54-20122 Milan Via Sardegna, 40-00187 Rome Italy Tel. +39 02 67 37

More information

EMERGING GAS DEMAND. Henan XU, CFA, ERP Energy Analyst June, 2016

EMERGING GAS DEMAND. Henan XU, CFA, ERP Energy Analyst June, 2016 EMERGING GAS DEMAND Henan XU, CFA, ERP Energy Analyst June, 2016 Key Takeaways Coal-to-gas switching could partially reverse in the near term The industrial renaissance is contingent upon commodity and

More information

Roadshow China 2009 bis 2015

Roadshow China 2009 bis 2015 Roadshow China 2009 bis 2015 Chefarzt Privatdozent Dr. Klaus Lerch, Klinik für Orthopädie und Unfallchirurgie, Landshut 29. August 05.September 2015: Beijing, Laiwu, Liaocheng, Hefei The People s Hospital

More information

LISTADO DE UNIVERSIDADES ESPAÑOLAS QUE HAN SUSCRITO ACUERDOS CON UNIVERSIDADES CHINAS

LISTADO DE UNIVERSIDADES ESPAÑOLAS QUE HAN SUSCRITO ACUERDOS CON UNIVERSIDADES CHINAS Embajada De España En China CONSEJERIA DE EDUCACIÓN LISTADO DE UNIVERSIDADES ESPAÑOLAS QUE HAN SUSCRITO ACUERDOS CON UNIVERSIDADES CHINAS [Actualizada en 5 de mayo de 2011] Nº Universidad españolas (por

More information

Rural Energy Consumption and its impacts on Climate Change

Rural Energy Consumption and its impacts on Climate Change Rural Energy Consumption and its impacts on Climate Change Rural Energy Program Global Environmental Institute 2011 With Support from: 1 Content Executive Summary... 4 Acknowledgements... 6 1. Introduction...

More information

The cost of living in China: Implications for inequality and poverty

The cost of living in China: Implications for inequality and poverty The cost of living in China: Implications for inequality and poverty Ingvild Almås and Åshild Auglænd Johnsen Norwegian School of Economics and ESOP, University of Oslo, and University of Stavanger SSDEV,

More information

Asian electricity and gas price drivers and trends Presentation at the 18 th World Chlor-alkali Conference, Singapore Mike Thomas

Asian electricity and gas price drivers and trends Presentation at the 18 th World Chlor-alkali Conference, Singapore Mike Thomas Asian electricity and gas price drivers and trends Presentation at the 18 th World Chlor-alkali Conference, Singapore Mike Thomas (mthomas@lantaugroup.com) 19 June 2014 Observation Asia faces unprecedented

More information

Table 1: Change in scale of China s government-related debt burden (100 million RMB) Direct government debt (Category I) (Category II)

Table 1: Change in scale of China s government-related debt burden (100 million RMB) Direct government debt (Category I) (Category II) China s Surging Local Government Debt and the Measures Being Taken to Contain It Prospects for public-private partnership (PPP) a new countermeasure aimed at tackling the problem Yongyu Shao, Ph.D. and

More information

Teacher Education in China : Current Situation & Related Issues

Teacher Education in China : Current Situation & Related Issues 2013-04-26 Teacher Education in China : Current Situation & Related Issues Dr. Tingjie YU Zhejiang Normal University 2 Institute of Educational Science (IES) of Zhejiang Normal University IES, established

More information

IPTV Standards in China. Chuanyang Miao ZTE Corporation, China

IPTV Standards in China. Chuanyang Miao ZTE Corporation, China Joint ITU - AICTO Workshop on Interoperability of IPTV in the Arab region (Dubai, UAE, 20 21 September 2011 ) IPTV Standards in China Chuanyang Miao ZTE Corporation, China IPTV Subscribers status in China

More information

China Business Dashboard January 2007

China Business Dashboard January 2007 China Business Dashboard January 2007 Key headlines Bubbly growth expectations: Executives' confidence in China remains extremely high, particularly with regard to domestic sales prospects. Confidence

More information

Challenges and Perspectives of Welfare Regimes in China

Challenges and Perspectives of Welfare Regimes in China Challenges and Perspectives of Welfare Regimes in China Ye Jingzhong, Wang Yihuan 1 During the period of planned economy, China adopted a highly centralized approach to welfare provision, i.e. the social

More information

THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing

THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing Our view on manufacturing footprint optimization Detroit December 2011 The China "low cost" manufacturing

More information

Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China

Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China ACIAR China Grain Market Policy Project Paper No. 9 Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China Chen Chunlai (Department of Economics, Adelaide University)

More information

Carlos Fernández Alvarez. Senior Coal Analyst

Carlos Fernández Alvarez. Senior Coal Analyst Carlos Fernández Alvarez. Senior Coal Analyst AGENDA BACKGROUND What is coal, how is coal mined, where is coal used for COAL ATTRIBUTES Coal is cheap, abundant and diversified SUPPLY AND DEMAND TRENDS

More information

VOLKSWAGEN AG Deutsche Bank German Corporate Conference. Oliver Larkin Senior Investor Relations Manager, Volkswagen AG. Tokyo, September 2005

VOLKSWAGEN AG Deutsche Bank German Corporate Conference. Oliver Larkin Senior Investor Relations Manager, Volkswagen AG. Tokyo, September 2005 VOLKSWAGEN AG Deutsche Bank German Corporate Conference Oliver Larkin Senior Investor Relations Manager, Volkswagen AG Tokyo, September 2005 Agenda H1 2005 Strategy and Targets 2008 2 H1 2005: Volkswagen

More information

Machinery and equipment manufacturing in China

Machinery and equipment manufacturing in China Machinery and equipment manufacturing in China Focal point: NBSO Dalian The layout of the global equipment manufacturing industry is changing fast. Production capacity relocates from developed countries

More information

Importance of China for Mercedes-Benz Passenger Cars

Importance of China for Mercedes-Benz Passenger Cars Importance of China for Mercedes-Benz Passenger Cars Merrill Lynch, 17 May 2011 Klaus Maier President and CEO of Slide 1 Agenda 1 2 3 4 Mercedes-Benz Growth in China 2006-2011 Today's Importance of China

More information

Remote Sensing Monitoring Operation System for Agriculture

Remote Sensing Monitoring Operation System for Agriculture Remote Sensing Monitoring Operation System for Agriculture Shuo YANG Remote Sensing Application Center Ministry of Agriculture of China Beijing, China 100026 E-mail: yangshuo@agri.gov.cn Abstract: The

More information