A second Chinese purchasing delegation is scheduled to arrive in Taiwan on July 12 and is expected to generate huge business opportunities for local suppliers, the Taiwan External Trade Development Council (TAITRA, 外貿協會) said in a statement released on Tuesday.
The delegation consists of 167 people from 85 companies, mostly department store chains, supermarkets and logistics providers, including Beijing Hualian Group (北京華聯集團), Beijing Wangfujing Department Store (北京王府井百貨), Hefei Department Store Group Co (合肥百貨) and Wuhan Zhongbai Group Co (武漢中百集團), TAITRA said.
The visit is being organized by China’s Association of Economy and Trade Across the Taiwan Strait (AETATS), the press release said.
On July 13, TAITRA will hold a seminar on business opportunities arising from China’s latest economic stimulus measures, the press release said.
One-on-one sessions will be arranged in Taipei and Tainan on July 13 and July 15 respectively.
Suppliers can sign up to participate at www.mainlandchina.taiwantrade.com.tw/.
Members of AETATS’ first purchasing delegation, which visited Taiwan from May 31 to June 5, placed US$2.2 billion in orders for home appliances and consumer electronics, TAITRA said.
COMPETITION: AMD, Intel and Qualcomm are unveiling new laptop and desktop parts in Las Vegas, arguing their technologies provide the best performance for AI workloads Advanced Micro Devices Inc (AMD), the second-biggest maker of computer processors, said its chips are to be used by Dell Technologies Inc for the first time in PCs sold to businesses. The chipmaker unveiled new processors it says would make AMD-based PCs the best at running artificial intelligence (AI) software. Dell has decided to use the chips in some of its computers aimed at business customers, AMD executives said at CES in Las Vegas on Monday. Dell’s embrace of AMD for corporate PCs — it already uses the chipmaker for consumer devices — is another blow for Intel Corp as the company
STIMULUS PLANS: An official said that China would increase funding from special treasury bonds and expand another program focused on key strategic sectors China is to sharply increase funding from ultra-long treasury bonds this year to spur business investment and consumer-boosting initiatives, a state planner official told a news conference yesterday, as Beijing cranks up fiscal stimulus to revitalize its faltering economy. Special treasury bonds would be used to fund large-scale equipment upgrades and consumer goods trade-ins, said Yuan Da (袁達), deputy secretary-general of the Chinese National Development and Reform Commission. “The size of ultra-long special government bond funds will be sharply increased this year to intensify and expand the implementation of the two new initiatives,” Yuan said. Under the program launched last year, consumers can
Citigroup Inc and Bank of America Corp said they are leaving a global climate-banking group, becoming the latest Wall Street lenders to exit the coalition in the past month. In a statement, Citigroup said while it remains committed to achieving net zero emissions, it is exiting the Net-Zero Banking Alliance (NZBA). Bank of America said separately on Tuesday that it is also leaving NZBA, adding that it would continue to work with clients on reducing greenhouse gas emissions. The banks’ departure from NZBA follows Goldman Sachs Group Inc and Wells Fargo & Co. The largest US financial institutions are under increasing pressure
FUTURE TECH: Nvidia CEO Jensen Huang would give the keynote speech at this year’s Consumer Electronics Show, which is also expected to highlight autonomous vehicles Gadgets, robots and vehicles imbued with artificial intelligence (AI) would once again vie for attention at the Consumer Electronics Show (CES) this week, as vendors behind the scenes would seek ways to deal with tariffs threatened by US president-elect Donald Trump. The annual Consumer Electronics Show opens formally in Las Vegas tomorrow, but preceding days are packed with product announcements. AI would be a major theme of the show, along with autonomous vehicles ranging from tractors and boats to lawn mowers and golf club trollies. “Everybody is going to be talking about AI,” Creative Strategies Inc analyst Carolina Milanesi said. “From fridges to ovens
RSS