Date: 02-22-12 01:00
Chirp, chirp, chirp.
Not much action here.
For those who are interested in learning more about Chinese automakers' push overseas:
http://online.wsj.com/article/SB10001424052970204909104577238020418059122.html A February 21, 2012 article titled "China's Geely Plans Plant in Egypt " found at Murdoch's Wall Street Journal newspaper's web site.
Snippets from the article:
China's Zhejiang Geely Holding Group Co.-the owner of Swedish car brand Volvo-plans to start assembling Geely cars in Egypt this year for sale in markets across North Africa in cooperation with a local company, according to a person close to the companies.
Chinese car makers have failed to make much headway in penetrating the U.S. and European markets, but their export push is gaining momentum in far-flung corners of the world like Egypt, Ukraine and Indonesia.
Analysts generally believe that Chinese vehicle exports bound for Africa, Latin America and the Middle East are likely to grow at a similar annual pace (40%) over the next few years.
Geely has ambitions beyond the emerging market...it plans to start selling by the end of 2012 a Chinese-produced midsize sedan in the U.K. through a local wholesaler...
Aside from the planned Egyptian assembly plant, Geely has five small-scale plants in Russia, Ukraine, Indonesia, Sri Lanka and South Africa producing cars with nearly completed vehicle-assembly kits. It plans to add a few more such factories in the Middle East and South America, the person said.
http://www.sfgate.com/cgi-bin/article.cgi?f=/n/a/2012/02/21/financial/f062833S08.DTL&type=health A February 21, 2012 Associated Press article titled "Chinese carmaker opens plant in Bulgaria" found at The San Francisco Chronicle newspaper's web site.
Snippets from the article:
Great Wall Motors launched operations in Bulgaria on Tuesday, becoming the first Chinese automaker to assemble cars in the European Union.
The car plant, owned by Great Wall and Bulgaria's Litex Motors, will initially produce cars aimed at the local market. Future targets could include Macedonia, Albania, Montenegro and Serbia.
Great Wall officials said the aim is to gradually expand into other European markets. Since Bulgaria is a member of the European Union, the project provides Great Wall with access to other EU countries at zero tariff levels.
Recently, Chinese wind turbine manufacturer Ming Yang Wind Power Group agreed to supply 125 megawatt equipment for two projects in Bulgaria.
In many countries across eastern Europe, governments have built active relations with China reviving ties that were forged in the Communist era.
Despite the downturn in the Romanian economy, Chinese business there has remained strong. Last July, a euro100 million ($132 million) complex near the capital, Bucharest, was inaugurated.
In Poland, the country's Deputy Prime Minister Waldemar Pawlak recently invited Chinese businessmen to invest in Poland saying his country was the best way for China to access European markets.
Trade between Poland and China reached $1.6 billion in the first three quarters of 2011, a 10-percent rise from the same period the year before.
Serbia and China signed an agreement on "strategic partnership" in 2009, paving the way for Chinese investment in the Balkan country. The two also have close political ties and Belgrade considers China an important ally internationally because it has not recognized Kosovo.
A consortium of Chinese companies is making plans with Serbia's power utility for a package of investments worth more than euro2 billion. China has started building a 1,500-meter bridge — according to local media to be called "Friendship Bridge" — over the Danube in the outskirts of Belgrade which should be finished in 2014.
I hope the Chinese take a greater interest in Egypt.
Ever since the "Arab Spring", it's all been downhill.
They've even taken to persecuting their Coptic Christian minority.
So many of these Christians have left the country for their own safety.It sure would be a tragedy if the land of Moses should one day be free of Christians. :shrugs shoulder smilie:
There's even talk that the US might suspend aid to Egypt because the government is holding several American NGO workers to face trial.
An opportunity for China? :shrugs shoulder smilie: