Beijing Genomics Institute

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

Good pork for WH Group

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

No way for Huawei in Romania

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,

tools and other devices

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,

Chinese-German bikes in Romania

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

cosco shipping line romania

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

cofco intl

COFCO, the billionaire grain trader

Until 2017, the company now called COFCO International România SRL was called Nidera România SRL. But one year before, the grain trader Nidera, owned by a Dutch family, became 100% the property of COFCO (prior, COFCO had bought 51% of Nidera for an amount estimated by the analysist for USD 2.4 billion). COFCO, the billionaire grain trader, is the largest grain trader in China and one of the most active world players on this market during the last years. COFCO, the billionaire grain trader from China COFCO expansion policy may be seen ongoing also in Romania, through COFCO International România

bank of china

A giant steps in: Bank of China

Bank of China officially entered the Romanian market, as a branch of Bank of China Hungary, in December 2019, and marked the moment with a festive ceremony at the Bucharest Palace of the Parliament. According to data from the Ministry of Finances, the Romanian branch declared no activity in 2019. What’s Bank of China in Romania supposed to do The Branch from Bucharest is supposed to develop corporate activities only, to work with big companies only and to finance possible infrastructure projects, should they become effective in the future. For the moment, no such important project was notified. The ceremony

zte

ZTE, Huawei’s very poor brother

Huawei’s very poor brother, ZTE România SRL, is owned, according to “The Official Gazette”, by “ZHONGXING COMMUNICATION (also known as ZTE CORPORATION, in English transliteration)”, as sole shareholder. The telecommunications company has solid business relations with national data and voice operators (such as RCS RDS, for example) and a greater role in the region than other ZTE representatives. Also read: No social-democrats in power, no success for China According to an announcement made by the company, ZTE opened a service centre for monitoring the telecom networks of 23 European states and has invested, until the end of 2015, a total of

Ilfov

Ilfov, the traditional Chinese trade base

Chinese trade is made in Ilfov. Traditionally, Ilfov county is the base of Chinese companies having trading businesses in Romania: from clothing and footwear to sanitary equipment and machinery. Chinese trade is made in Ilfov In Afumați, a locality in Ilfov, ten companies had revenues of 287 million lei (64 million euros) in the fiscal year 2018, the most important being Everpro International Construction SRL (with revenues of 86.2 million lei – 19 million euros, which sells bathroom sanitary ware and installations) and Giant Star SRL (with revenues of 81 million lei – 18 million euros, which sells doors and

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