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The city is part of the so-called ‘Yangtze River Delta Economy’ (along with Nanjing, Hangzhou, Ningbo and Xuzhou), an extended financial area of Mainland China, dominated by Shanghai. In this economic and geographic context, Suzhou represents a solid manufacturing center, looking at a new concept of creativity. We can say that the millennia-old Chinese artisanal tradition is establishing a relationship with new design trends.
The Guest City of the first edition of Suzhou Design Week is Venice with the project ‘X-Port Venice’, curated by Michele Brunello. It will also provide the occasion to highlight the bilateral relations between Italy and the People’s Republic of China dating back to 1970 and the twinning between Venice and Suzhou, established in 1980. Another Italian element is “Rabbit” the art installation by Stefano Giovannini‘ at the Design More Pop-up Store. Institutions and companies from Venice and Triveneto will develop joint projects for sustainable urban planning and development and to foster commercial exchanges between Italy and China.
The new brand of exhibitions will host more than 40 designers from Italy, Korea, the Netherlands, France, Japan and the United Kingdom. The big names of the Chinese design industry will be there: from Zeng Hui (art advisor of Suzhou Design Week) to Wang Yudong, Jiang Youbo, Wu Wenyi, curators of special exhibitions during the event. The main theme of the new design week is ‘Grand Design, New Economy’ with a calendar including over 100 exhibitions and installations, paying particular attention to ‘green design’ since it is vital for the whole planet that China focuses on environmental protection.
Ecology of the Industry will be discussed, focusing on new economic, technological and social strategies of the creative industry; while the Activation of intangible cultural heritage aims to create new artisanal design models that should not disperse the wealth of the historic manufacturing tradition of Suzhou, as exemplified by the “Six chapters of a floating Life” exhibition, curated by Zeng Hui. Among the scheduled events, the Global Design Summit stands out, organized in cooperation with UNESCO-ICCSD, World Design Weeks and other leading organizations in sustainable development and cultural heritage. [LB]
Currently, global key luxury car manufacturers are feeling the heat of the trade negotiation between the United States and China. BMW AG expects the United States trade negotiations with China to affect earnings in 2019 by at least USD 1.1 billion. Other factors contributing to this affect include higher commodity prices and foreign exchange movements. As per the November 2018 sales reports, BMW is the second largest luxury car player in the United States, behind Mercedes-Benz. BMW clocked sales of 28,330 vehicles in November while Mercedes-Benz recorded sales of 31,022 vehicles. In 2017, in China, the luxury car segment saw a strong growth. Mercedes-Benz witnessed its best ever month in terms of sales in China in March 2017 with sales growth of 32.1% year-on-year (49,871 units).
The Company’s first quarter 2017 sales grew by 37.3% to 144,947 units. Traditionally China has been one of the most important international luxury car markets and the country has been attracting huge foreign investment. In 2015, Daimler and their joint venture partner Beijing Automotive Group announced their intention to spend USD 1.37 billion to increase Mercedes capacity at their Beijing plant to double.
The growing opportunity in the sector has been investigated along with capturing initiatives and performance of key players such as Volkswagen AG, Daimler AG, Bayerische Motoren Werke AG (BMW), Tata Motors Limited, General Motors Company, Honda Motors Company and Porsche AG. The report contains the opinions of industry stakeholders and experts.
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