Report archive
31 May 2012
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No sharp reboundThe Big Call
Revving the growth engines
There is no big bazooka, but Beijing and local governments are preparing a multitude of small boosters to deliver growth
Consumer China
Home appliances – Plugged back in for recovery
For home appliance makers struggling amid weakening domestic demand and waning export orders, the government’s latest initiative to stimulate China’s slowing economy could hardly have come at a better time.
Qingdao Haier – Moving downstream for growth
Strong growth of its downstream distribution business should enable Qingdao Haier to consolidate its leadership of China’s white-goods market
Hisense – Subsidies to boost lacklustre domestic sales
The new subsidy scheme should help to rekindle lacklustre domestic TV and refrigerator sales for Hisense
Samsung – Competing with home-grown brands
Our 1Q12 survey showed Samsung as the fifth most popular home appliance brand behind Haier, Sony, Siemens and Midea
Bosch-Siemens – The wealthy urbanite’s brand of choice
Siemens’ advanced technology should ensure that its products qualify for the government’s upcoming energy-saving subsidy package
Gree – Cooling the Chinese countryside
China's leading air-conditioner manufacturer should be a beneficiary of the government’s new subsidy scheme for energy-saving appliances
Financial China
Securities firms enjoy their time in the sun
After a dismal 2011, securities companies are benefitting from improved A-share performance, as well as longer-term financial reforms
Selected financial charts
A selection of key financial data over the past fortnight
Best of Chinese Commentators
Private capital into state domains
Beijing made a push to channel private capital into state-dominated sectors with a document issued by six ministries last week that allows private capital into areas such as rail, health and transportation. In these areas, private capital may partake in enterprise restructuring, joint investment projects with state-owned enterprises (SOEs) and offshore investments. The China Banking Regulatory Commission (CBRC) also allowed non-state companies to buy stakes of more than 20% in city commercial banks, rural credit co-operatives and rural commercial banks.
Brands fight for herbal tea trademark
China’s International Economics and Trade Arbitration Commission (CIETAC) has ruled that Guangzhou Pharmaceutical (600332:SHA), the original trademark owners of popular herbal tea brand Wang Laoji, should henceforth own the rights to the trademark, rather than JDB Group, which has been producing Wang Laoji in its distinctive red can since 1997. JDB licensed the trademark from Guangzhou Pharmaceutical, in a deal that was extended until 2020, but the latter argued that its former vice president, Li Yimin, had taken bribes prior to signing those contracts. JDB has rejected the ruling, but in the meantime has launched a new herbal tea brand, Jia Duo Bao.
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