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GM sells Hummer brand to Chinese firm
Wednesday June 3, 2009, 3:41 pm
General Motors, fresh from filing for bankruptcy protection, has reached a deal to sell its Hummer brand to a Chinese industrial machinery firm, Sichuan Tengzhong, the companies have announced.
Tengzhong 'will acquire the rights to the premium off-road Hummer brand, along with a senior management and operational team,' a joint statement said on Tuesday.
'It will also assume existing dealer agreements relating to Hummer's dealership network,' the statement said.
Final terms of the deal are still being negotiated.
Tengzhong could also enter into a 'long-term contract assembly and key component and material supply agreement' with GM, the statement said.
GM had said that it expected the deal to secure more than 3,000 US jobs.
Volunteer Recruitment for Asian Games Begins Next Week
GUANGZHOU, China - April 16, 2008 - The 16th Asian Games, part of the worldwide Olympic movement and governed by the Olympic Council of Asia is pleased to announce that the recruitment of more than 560,000 Asian Games volunteers will begin next week.
"We look forward to receiving volunteer applications for the Guangzhou 2010 Asian Games from all social sectors and from Hong Kong, Macao and Taiwan, overseas Chinese, Chinese students studying abroad and international friends," said Wang Huanqing, Director of the Volunteer Department of the Guangzhou Asian Games Organizing Committee (GAGOC).
Mr. Wang made his comments at a press conference here in Guangzhou where he briefed reporters on the preparations for volunteer recruitment for the Guangzhou 2010 Asian Games.
Specifically, Mr. Wang said the volunteer recruitment program for Asian Games will begin at 9 p.m. on April 21, 2009, with the final deadline for applications will be in September 2010. Information will be posted on the Asian Games website at www.gz2010.cn/en.
The program will be divided into two parts - the Games-time Volunteer Project and City Volunteer Project.
Wang estimates that 60,000 people will be recruited as Games-time volunteers for the Asian Games, among whom 40,000 will be generalist volunteers and 20,000 will be specialist volunteers.
Games-time volunteers will be involved in a wide range of services, including:
- Reception
- Translating and interpreting services
- Transportation
- Security services
- Medical
- Spectator services
- Goods distribution
- Communication liaison, as well as support for competition organization
- Venue operations
- News operations and cultural event organization
Some 500,000 city volunteers will also be recruited for the Asian Games.
There will be three kinds of city volunteer - volunteers at city volunteering service stations; social volunteers and cheerleading volunteers.
During the Guangzhou 2010 Asian Games volunteers will be involved in services facilitating normal urban operations; building favorable social atmosphere and promoting civilized behavior among spectators and creating harmonious environment.
About The 16th Asian Games
The 16th Asian Games (www.gz2010.cn/en) is approved and governed by the Olympic Council of Asia and will be held in “Flower City” of Guangzhou from November 12 - 27, 2010. More than 14,000 athletes from 45 countries and regions will compete in 42 sports. More than 10,000 accredited and non-accredited worldwide media are anticipated to cover the Games with more than three million spectators expected to attend.
For additional information:
Mr. Jeff Ruffolo
Executive Advisor - International Media
The 16th Asian Games
Guangzhou 2010
E-Mail: Ruffolopr@hotmail.com
Mobile (86) 1350 244 2900
Earthquake Relief Fund
Dear Members of CCCSA
We would like to advise you that in response to your philanthropic enquiries, The Embassy of the People's Republic of China in Australia has set up a bank account in the Bank of China Sydney Australia. Please remit directly to the Embassy. Do not send any monies to CCCSA.
Account Name: Embassy of The People's Republic of China in Australia Earthquake Relief Fund
Account No. BSB: 352-00 A/C:126512
Bank Name: Bank of China, Sydney Branch
Should you have any query please do not hesitate to contact the Embassy : 0414 880 919, 0408 784 630, 0414 793 168.
Yours truly
Janet Chin
Signing of Trade MOU between Shandong-South Australia
$250m a year China deal for uranium
SALES of uranium to China have been given the go-ahead by a federal parliamentary committee, opening the door to an annual $250 million export windfall.
The major parties backed the export as a major step in the fight to stall climate change. Opponents, however, raised fears of Australian uranium being used in nuclear weapons.
The move had significant implications for SA with its uranium mines, said Boothby MP Andrew Southcott, who chairs the Joint Standing Committee on Treaties, which examined the issue.
"China are going to quadruple the amount of uranium they require by 2020," he said. "They have huge energy needs. By 2020, it will be worth $250 million a year in exports."
(From The Advertiser)
New Business2Business Dinner
The Chinese Chamber of Commerce have pleasure in inviting you to be a guest at a dinner with special guest speaker Geraldine Cox.
Geraldine started her career with the Australian Department of Foreign Affairs in 1970. Her first posting was to Phnom Penh, where she experienced life in a country at war when the Vietnam War spilled over into Cambodia. Geraldine was made a Member of the Order of Australia in 2000.
Date: Wednesday 21 June 2006
Time: 6.15pm for 6.30pm dinner
Cost: $55.00 per person - (10 course banquet with soft drink included)
Venue: Ming’s Palace, 157 Gouger Street Adelaide SA 5000
Dresscode: Smart casual
RSVP: 08 8410 5838
office@chinesechamber.com.au
Downloads: invitation and membership form.
The Australian Universities International Alumni Convention (AUIAC) 2006 in Brisbane
More information on the AUIAC patrons
Singapore team joins the Australian NBL
The NBL have announced the addition of the Singapore Slingers to the competition for 2006/07. The Slingers will be coached by Geordie McLeod and feature experienced players such as Brad Davidson, Ben Knight and Aaron Trahair.
Singapore Slingers official website
CCCSA to assist Environmental Protection Authority on CDL
South Australia's container deposit legislation scheme (CDL) was expanded in January 2003 following extensive industry and stakeholder consultation, including an independent review of the economic and environmental impacts of the beverage container provisions of the Environment Protection Act.
A meeting between President Janet Chin and Senior Adviser Steve Smith paved the way for EPA to meet with local Chinese traders on the CDL Act on the 28th Mar 2006.
EPA is keen to make the awareness of the Act to imported drinks (bottle or can) either from overseas or interstate. CCCSA hopes a cluster group could be formed and thus work closely with EPA.
More information on CDL at www.environment.sa.gov.au
End of the boom wouldn't be gloom for miners (May 3, 2006)
"The acceleration in China's industrial revolution caught miners and markets napping," Access observes in its quarterly Minerals Monitor. "Not only did China's demand growth leap, it has failed to fall back again. The Chinese authorities began stepping on the brakes about two years ago, but to date have had little success in slowing growth."
You only have to look at BHP's 2005 sales to get some idea of what China means to Australian resources producers. In 2002, BHP sold $US371 million worth of petroleum, coal, aluminium and iron ore to China. Last year, Chinese custom was worth $4 billion to the company. And you can expect further exponential growth in 2006.
Red China may be the new black (April 26, 2006)
Austrade's chief economist Tim Harcourt said China is predicted to be Australia's largest export market within five to six years.
"China's growth is driving real incomes up, thereby increasing demands for greater living standards and consumer goods," Mr Harcourt said.
Commonwealth Bank of Australia expands its reach in China
It's the first time an Australian funds manager has made such a move into China as the country continues to open up its financial services system to foreign investors.
CBA's funds management arm, Colonial First State Global Asset Management, will join with China's Cinda Asset Management Corporation to form First State Cinda Fund Management Company Ltd.
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