Tag Archives: 9 Air

CONSUMER: Boeing, Smithfield Defy Economic Downturn, See Strong China Demand

Bottom line: Upbeat reports from leading pork producer Smithfield and aircraft giant Boeing show that consumer-focused companies should continue to thrive despite China’s slowing economy, while policy-driven state-run firms could suffer more.

Boeing ups China aircraft outlook

A couple of upbeat new reports from aircraft giant Boeing (NYSE: BA) and leading global pork producer Smithfield are providing an interesting contrast to broader forecasts of gloom and doom for China’s slowing economy. In the first instance, Boeing has upgraded its 20 year forecast for aircraft demand in China, while the second has Smithfield has saying its exports to China rose 45 percent in the first half of this year.

Each of these stories is slightly different, but both point to a growing divide in the Chinese economy that has big implications for the nation’s major industries. On one side of the aisle are companies like Boeing and Smithfield, which make products and services directly tied to consumer demand. Such products and services are part of the so-called “real economy” and are things that the market really wants. These should be able to continue thriving even if China’s economy slows. Read Full Post…

Hilton, Wanda In New China Budget Plays

Hilton rolls out Hampton in China

There’s a bit of buzz in the travel space today, with word of major new initiatives in the hotel and airline sectors for global hotelier Hilton Worldwide (NYSE: HLT) and domestic real estate titan Wanda Group. The former will see Hilton roll out the welcome mat for one of its main low-cost brands in China, taking aim at names like Home Inns (Nasdaq: HMIN) and China Lodging Group (Nasdaq: HTHT). The latter move has Wanda’s talkative founder Wang Jianlin discussing a potential new airline launch, as his company also makes a big push into the travel and leisure sector. Read Full Post…

News Digest: October 25-27, 2014

The following press releases and media reports about Chinese companies were carried on October 25-27. To view a full article or story, click on the link next to the headline.
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  • China Mobile (HKEx: 941), Alibaba (NYSE: BABA) Partner on Fetion – Source (English article)
  • HP (NYSE: HPQ) Said To Seek Buyer For Majority Stake Of Chinese H3C Unit (English article)
  • 9 Air Gets Flight Permission, Becomes China’s Newest Budget Airline (Chinese article)
  • MIIT Vice Minister Meets With Qualcomm (Nasdaq: QCOM) President Aberle (Chinese article)
  • Users For Alibaba’s (NYSE: BABA) Yu’ebao Rise 20 Pct In Q3 To 149 Mln (Chinese article)
  • Latest calendar for Q3 earnings reports (Earnings calendar)