How to almost start a USD 8 billion nuclear project. The CGN case

China General Nuclear Power Group (CGN), formerly China Guangdong Nuclear Power Group (established in 1940), is an energy corporation under the State-owned Assets Supervision and Administration Commission of the State Council of China. CGN operates nuclear plants in four locations, with five new nuclear power stations under construction and another two planned. China General Nuclear Power Group’s foreign assets The Chinese company’s overseas business includes the purchase of three wind farms in the UK from the British energy company EDF Energy, for a fee of £100 million. In 2016, the US charged CGN with stealing nuclear secrets from the United

CEFC, the company that failed to take over Rompetrol

China Energy Company is a private conglomerate with a turnover of over $ 42 billion and is among the top ten private companies in China. The company’s main businesses are related to oil, gas and financial services, but it also has in its portfolio a wide range of other sectors like transport infrastructure, forestry, asset management, hotel management, warehousing services, real estate development and logistics services. China Energy Company, the private conglomerate Most of the company is owned by Shanghai Energy Fund Investment Ltd (SEFI), which is registered under Ye Jianming, the chairman of CEFC. The company had close business

China Development Bank: high expectations, low figures

China Development Bank is a Chinese state-owned development bank established in 1994 and led by a cabinet minister at the Governor level, under the direct jurisdiction of the State Council. Since the beginning of the 2000s, China Development Bank has been interested in the Romanian banking market and has analyzed the possibility of opening a branch in Romania. especially since the Chinese bank prefers to grant long-term loans and especially for infrastructure projects. China Development Bank in Romania Then, in 2013, Romania’s ambassador to Beijing at the time, Doru Costea, said the Chinese bank could open a branch in Bucharest.

The electric vehicles from Hungary

BYD Auto Co. Ltd. is an automotive subsidiary of the Chinese multinational BYD Co Ltd, which is based in Xi’an, Shaanxi Province. It was founded in 2003, following the acquisition by the BYD Company of Tsinchuan Automobile Company. The Chinese multinational BYD Co Ltd The company produces automobiles, buses, electric bicycles, forklifts, rechargeable batteries and trucks. The Denza brand, a joint venture with Daimler AG, produces luxury electric cars. BYD Auto Company Ltd is the largest electric bus manufacturer in the world. Also read: No social-democrats in power, no success for China In 2016, it built a factory in the town

No Chinese genetics research in Cluj for now

The Chinese Beijing Genomics Institute (BGI) is one of the largest companies in the medical research area. BGI was founded in 1999 in Shenzhen, Guangdong, as a genetic research centre, specialized in genome sequencing. From its inception until now, the company has transformed from a research institute that decoded the DNA of pandas and rice into a company active in animal cloning and health testing. Also read: No social-democrats in power, no success for China BGI’s breakthrough occurred at the beginning of 2020, when it announced that it would make genome decoding cheaper and would be capable of decoding the genomes

WH Group keeps up the good pork

Good pork for WH Group: the Chinese meat processing company, listed on the Stock Exchange, operates in Romania through Smithfield România SRL. The name of the company is given by the previous owner, the American group Smithfield Foods, purchased entirely by WH Group. The Americans have entered the Romanian market in 2004 through the Comtim acquisition, the biggest pork meat processing facility in the South-Eastern Europe in 1989, which went bankrupt in 1999. Good pork for WH Group in Romania Smithfield România SRL is currently held by two companies with head office in the Netherlands: Lavender Raven BV and Smithfield

5G to Huawei? Romania: no way!

No way for Huawei in Romania? The Chinese group Huawei operates in Romania through Huawei Technologies SRL, a company entirely owned by Huawei Technologies Cooperatief UA from the Netherlands. The company’s annual revenue increased during the last three years, according to data from the Ministry of Finances. 2016: RON 1.27 billion (over EUR 280 million) with a profit exceeding RON 36 million, approximately EUR 8 million. 2017: RON 1.4 billion (over EUR 310 million) with a profit exceeding RON 20 million, approx. EUR 4.5 million. 2018: RON 1.9 billion (over EUR 420 million) with a profit exceeding RON 36 million,

An honest business: tools and other devices

Tools and other devices: Honest General Trading SRL, a company owned by two Chinese citizens (Zhang Dong & Chen Changhong), operates on the Romanian market for 25 years and its figures rise from one year to another. Tools and other devices for good money In 2018, the company had revenues exceeding RON 202 million (EUR 45 million) and a net profit of RON 22.5 million (EUR 5 million) with 351 employees. Also read: No social-democrats in power, no success for China Only one year before, in 2017, the revenues amounted to RON 193 million and in 2016, RON 163 million. Therefore,

Some Chinese ride a German bike in Romania

Chinese-German bikes in Romania: Eurosport DHS SA is the Romanian company (Deva, Hunedoara) that manufactures both bicycle parts and electrical bicycles that ships mainly to Europe, according to their own website. The company is owned by the Chinese citizens Yang Xi & Yang Tianqi together with the German company Prophete GmbH & Co KG, a 100-year-old bicycle manufacturer, that joined the Romanian company in 2006. Chinese-German bikes in Romania Yang Xi is also the representative of the off shore company Dewell Investment Limited (Hong Kong), that owns the majority shares of DHSBaby SRL located in Deva, Hunedoara. Also read: No social-democrats

Constanța, safe harbour for COSCO

Constanța, safe harbour for COSCO: the Chinese giant shipping corporation is represented by two companies in Romania. One of them is called COSCO Romanian Shipping and Trading SRL and its sole shareholder is the company COSCO Europe GmbH Hamburg. Constanța, safe harbour for COSCO In fact, the current name of the company is COSCO SHIPPING (Europe) GmbH, as explained by the Chinese group website: “COSCO SHIPPING (Europe) GmbH is the regional management company of the China COSCO SHIPPING Corporation in the European Region. The predecessor of this company, formerly known as ‘COSCO Europe GmbH’, was the representative office of COSCO