News Roundup: Sany Invests Abroad, US Dog Food Kills, and Guangdong Security Concerns

Monday, December 29, 2008 23:07
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With so much going on in China, and only a limited amount of bandwidth, I have created this weekly post to highlight articles that I feel are (1) important, (2) relevant, and (3) interesting.

This week there are 4 articles that I have chosen to highlight as each are quite interesting, they are all relevant, and there are issues within each that I think you the reader should be aware of.

If you have an article that you feel needs to be mentioned, please do so in the comments section.

China approves Sany plan for $140 mln German plant

One of the earliest picks I had for Chinese industries to go global was China’s construction equipment makers, and it appears that Sany (the company that looked to block the Carlyle – XCMG deal) will be one of the first to crack the Western Europe market.

US-made Optima dog food in China may have killed my dog

Interesting how 18 months ago, the headlines read “200+ pets died from tainted pet food” whereas now our friends in Suzhou have pets experiencing liver failure from imported American pet food.

The pet food went bad because it was being brought in from Taiwan during the Olympics and had to sit in a hot/humid Guangzhou warehouse because of the Olympic restrictions on imports.

According to Ryan, the US firm isn’t all that responsive given they “dont’ export to China”, but givenit is clearly their distributor from TW who is, I am pretty shocked to see yet another US firm play dumb… then again, I guess I am not.

So, if you are in China and have a pet, don’t buy the Optima brand dog food.

Security fears mount amid downturn

for those of you who may be traveling to Guangzhou in the near future, here is an article to pay attention to.  I have heard that some firms recently were concerned about employees traveling to the cities of Guangzhou and Shenzhen.

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