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China Works help companies across the UK and Europe manufacture original products and components in China.

Our dedicated teams in London and Shanghai offer a full range of engineering services - from initial product design, through to prototyping, production, quality control and logistics

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Dalian Port Sails Towards Shanghai IPO Despite Export Decline

Wednesday, October 28th, 2009

China’s export volumes may still be dropping as a result of still sluggish global demand – total exports for the first three-quarters of 2009 fell 21.3 per cent year on year, to USD846.65 billion – but the ongoing investment in export infrastructure may reap significant dividends for one of China’s fastest-growing ports.

Dalian port, located in Liaoning province on the northeast coast, plans to raise RMB2.8 billion from an IPO on the Shanghai Stock Exchange, scheduled for April 2010. The share sale would make Dalian the first port in China to have a dual listing on both the Hong Kong and Shanghai stock markets.

The funds raised by Dalian Port’s IPO will be channelled towards expanding this year’s expected throughput of 46 million twenty-foot containers by 10 per cent in 2010. The port’s bold growth plans come despite a 49 per cent drop year on year in net profit for the first half of 2009.

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New Chinese OEM directory is launched

Saturday, October 24th, 2009

A new directory has been launched to promote Chinese OEMs and contract manufacturers – China Quotes

The site is a brand new online directory focused on contract manufacturers in China. This new Internet-based resource enables buyers / sourcing managers from around the world to make direct contact with Chinese manufacturers of customised products and components.

China Quotes has been specially created to stand apart from other sourcing directories that typically focus on a wide range of factories and suppliers of off-the-shelf goods, such as MP3 players, toys, clothing or lightbulbs.

Instead, China Quotes is a specialist online directory that only features contract manufacturers in 10 key production categories, including: Moulding and Casting; Forming; Joining and Fabrication; Machining; Coating; Electronic Components; Industrial Components; Rapid Prototyping; Packaging; and Support Services. Within each category users can find Chinese factories specialising in specific Production Processes, such as Injection Moulding or Die Casting.

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China’s Auto Industry Seeks Long-Term Targets

Thursday, October 15th, 2009
Despite China’s auto exports having declined for 12 consecutive months since August 2008, the long-term Chinese car industry appears to be in rude health. Ford is the latest carmaker to announce a large new manufacturing investment in China. The US-based automaker has confirmed the construction of a fourth car plant in China – a USD490m facility in Chongqing – which will be used to build the next-generation Ford Focus car. Once completed, it is slated to produce 150,000 vehicles a year, raising Ford’s total Chinese output per year to 600,000. Ford’s announcement comes at the same time as China’s Ministry of Commerce approved a bid by General Motors to purchase a stake in Delphi Corp, a leading Chinese autoparts manufacturer.
 
Meanwhile, Chinese car manufacturers are also raising their investments at home and abroad. Last month, Geely Automobiles received an HKD2.59 billion investment from Goldman Sachs, raising the capital investment arm of Goldman Sachs’ stake in Geely to 17.8 per cent. The new funding will be used for “capital expenditure, working capital and potential acquisitions.” Geely has long coveted purchasing the Volvo car brand from its current owner, Ford.
 
Also in September, Chinese battery and electric carmaker BYD Co., announced that it plans to become China’s largest passenger car manufacturer by 2015 – and has set itself the ambitious target of ”fulfilling a dream of overtaking Toyota as the world’s No. 1 carmaker, through annual sales of over 10 million cars by 2025.”

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Bye Bye, Recession?

Wednesday, October 14th, 2009

So, is the recession really over? The signs are that, while a hoped-for recovery is a long way from reality in most global economies (Russia, for example, is predicting negative economic growth of -6.5 per cent this year), the Chinese manufacturing sector may at have emerged from its darkest late-2008 days – and is showing renewed signs of sustainable life.

The Chinese manufacturing sector’s Purchasing Managers’ Index rose for a seventh consecutive month in September, according to the China Federation of Logistics and Purchasing. The index inched up to 54.3 (on a scale whereby a mark of 50 signals expanded activity), rising 0.3 percentage points compared to August.

At the same time, the International Monetary Fund has raised its forecast for China’s 2009 economic growth to 8.5 per cent (up from 7.5 per cent). Chinese growth for 2010 is projected to be slightly up on 2009, at 9 per cent.

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