Eric Schmidt

MNCs in the News-2015-11-27

Google Play app store ready to play in China. Chinese investment in the American financial sector dwarfs American investment in the Chinese financial sector. U.S.-China Joint Commission on Commerce and Trade meeting reportedly yields agreement on the protection of trade secrets and opens Chinese market further to certain types of American firms. Payoff of GlaxoSmithKline’s measures to recover from its 2014 China bribery scandal remain unclear. MOFCOM touts China’s opportunities to Japanese firms and hopes they will invest in “emerging sectors.” Premier Li Keqiang says China will invest $1 trillion overseas in the next five years. Chinese outward foreign direct investment (FDI) and contract work continues to record impressive results. Chinese firm private firm outward FDI (OFDI) shows impressive growth. Chinese OFDI in Africa, though, collapses. China promises $10 billion in infrastructure loans to Association of Southeast Asian Nation countries. Chinese train company motoring along in Malaysia. China National Corporation for Overseas Economic Cooperation fires up over Mexican energy sector investment. Chinese companies power up nuclear energy cooperation with Argentina. Japan opens its purse strings to win more infrastructure deals and counter China. Japan expresses its displeasure to Indonesia about Indonesia’s awarding of a high-speed rail contract to China. Japanese public private fund steps forward to finance Texas high-speed rail. Indonesia will act to revise its negative investment list to exclude e-commerce companies.

MNCs in the News-2015-11-06

Chinese Premier Li Keqiang promises better environment for German firms in China while seeking greater contributions from them at home and abroad. China announces, albeit with caveats, it will expand negative list system from coastal to interior areas. China’s four free trade zones (FTZs) experience boom in newly registered entities. China’s National Development and Reform Commission moves to draft clearer antitrust guidelines. China promises special operation to protect Disney trademark. Google and other blocks tech firms continue to seek opportunities in China. United States Trade Representative Michael Froman emphasizes TPP’s digital rules are not just about China. China’s China National Nuclear Corp. glows about possible mega nuclear deals with Argentina. HKND plans to move forward with its massive Nicaragua canal plan next year. Takata loses its best client and faces other US penalties for its deceptive actions. Japanese government lobbies Malaysia to go with Japanese high-speed rail option. Korea lobbies foreign firms to set up in Korea as a strategic base to access other countries with whom Korea has free-trade agreements. Volkswagen’s emission data scandal does not dent German car sales in Korea, but its sales plummet. Korea’s Trade Minister promises better environment for foreign business while business representatives press Korea to work harder. Korean Fair Trade Commission investigates Siemen’s Korea healthcare division for unfair trade practices. Korea firms work to secure major expressway project in Myanmar. Indonesia touts its plan to make things better for things in its special economic zones. Indonesia and India work to build cooperation in renewable energy which should provide new investment and trade opportunities. Malaysian officials stress the flexibilities the government won in TPP negotiations and the gains to be had for Malaysian companies. Malaysia’s Prime Minister emphasizes Malaysia’s strong place as a center for Islamic finance. Kedah state government in Malaysia encourages more investment from and cooperation with Qingdao.