China is Big on Infrastructure

Recently, China launched the world's fastest train runs from city of Wuhan to Guangzhou covering 968 in distance. With this super-fast train, people only need 3 hours to travel from Wuhan to Guangzhou, compared to 9 hours by the previous service.



This service is threatening the airlines industry because it is cheaper and also, practically, faster than traveling with place, which require passengers to arrive in the airport earlier.

China is also planning to build even more high speed railways with 42 additional cities covering more than 13,000 kilometers (about 8300 miles). The structure, which will be finished by 2012, will be larger than all the high-speed railways in the world combined.
PHE-NO-ME-NAL!

This shows how serious the government in building infrastructure to support the mobility of its people and create convenience for the business travelers.

Developing Story

Following my previous report, Geely Automobile will complete its purchase of Volvo Brand soon based on the report. It will be interesting to see how the market reacts to the action. Geely stock has been performing well the last 12 months. The acquisition also reawakens China ambition to dominate the auto industry after the Hummer deal fell through.

Google's Gone

Google "finalizes" its exit from China market after long battle with the government over the regulation. The exit left alone local search engine website, Baidu, as the largest search engine in the country. In result, Baidu could dominate the online advertising market in the future.

With its departure from the China market, Google would probably seek an opportunity in other potential Asia countries, such as, India, Singapore,etc.

More Auto News

I was skimming through list of new 'super-rich' people the Forbes' new Billionaire list and there was one name really caught my attention. He is Li ShuFu, the owner of China Automaker Geely. On the description in Forbes, it says that Geely is planning to buy the brand Volvo from Ford. So I tried to research about this issue since I never heard of such news.

Not surprisingly, I only find an article about the intention of buying the Volvo dated back on January, 2010. This awes me because I just realized how aggressive China automakers are. On my previous post, "Fail Attempt", it was the Sichuan Tengzhong, which was gonna purchased Hummer from GM, and now its a Zhejiang-based Geely planning to take over yet another US's business. Well, it makes sense in a way that China government is very willing to increase the sales of the cars, and the sales figure in China had actually surpassed the US's as the largest auto market in the world.
On the other hand, the deal is kind of fading away like the Hummer deal. There is an issue that "something" from Geely side has postponed the deal and the officer from Geely refused to give the detail on the delay.

Is it the visit of Dalai Lama to the US? the Google threat to leave China? Whatever the reason is, it must have something to do with the ambition of China overtaking the US as the largest economy in the world and the US is certainly won't let that happen anytime soon by letting China automakers claiming its car brands.

iPad on Sale SOON!!

Finally they announced the date, April 3rd. I can't wait to see the real reaction of the market toward the 'revolutionary' product. Competitors, be ready!

HongKong richest list

Forbes just released the list of richest people in HongKong last week. There is not many changes in the top 10 list from the last year's list. Li Ka hing, the real estate mogul, is still the richest, Lee Sau Kee 2nd and Fung Brothers (William and Victor), who just signed a deal with Wallmart, completes top 10.