A view of the booth of Bayer AG during an expo in Shanghai. [Photo/China Daily] With China offering a constantly improving business environment, deeper industrial collaboration and more innovation, multinational corporations in the pharmaceutical industry and Chinese startups will have more growth opportunities, thereby bringing more innovative drugs to the market, said an executive of … Continue reading Bayer sees rise of more innovative drugs
Tag: german
Covestro sanguine on prospects
A sign of Covestro is seen at an expo held in Shanghai, 2022. [Photo/VCG] About 75 percent of Covestro AG’s planned investment in the Asia-Pacific region will be directed to China over the next three years, said the CEO of the German manufacturer of polymers and high-performance plastics. Without revealing the specific investment figure, Markus … Continue reading Covestro sanguine on prospects
VDA opposes EU’s threat of punitive tariffs on Chinese EVs
Hildegard Mueller (center), president of the German Association of the Automotive Industry, visits BYD’s booth at the Beijing auto show on April 25, 2024. [Photo provided to chinadaily.com.cn] The European Union’s measures against Chinese EVs such as additional tariffs would not solve the challenges facing the European automotive industry, said Hildegard Mueller, president of the … Continue reading VDA opposes EU’s threat of punitive tariffs on Chinese EVs
VW to grow China sales to 4 million units in 2030
A Volkswagen charging station is displayed at the Shanghai auto show on April 18, 2023. [Photo provided to chinadaily.com.cn] Volkswagen AG expects to scale up its sales to 4 million units in 2030 in China, which CEO Oliver Blume said is the German carmaker’s “second home market”. The 2030 sales goal, which was announced on … Continue reading VW to grow China sales to 4 million units in 2030
Entrepreneurs gear up for further Sino-German cooperation
Representatives from German enterprises sample wine during their visit to the Ningxia Hui autonomous region in February. LIU HAI/XINHUA YINCHUAN — Despite having visited Yinchuan, capital of Northwest China’s Ningxia Hui autonomous region, several times, Philipp Prang, commercial director of Big Dutchman China, remains “very interested in this modern city”. “We have already established good cooperation … Continue reading Entrepreneurs gear up for further Sino-German cooperation
EMAG bullish on business in China market
Visitors check out EMAG products during a trade fair in Shanghai. [Photo/China Daily] EMAG Group, a German machine tool manufacturer, anticipates a doubling of delivery volumes from Chinese factories within the next three to four years, with several million euros of investment in the pipeline, said its executives. “This is the strategy we are implementing … Continue reading EMAG bullish on business in China market