At a recent state-owned enterprise recapitalization promotion meeting held in Hangzhou, Wanxiang Group and the Changchun City State-owned Assets Management Committee signed a framework agreement to participate in the reorganization of property rights for Changchun Clivia Group Co., Ltd. and establish an auto parts base in the Northeast region of the city. The project involves over 3 billion yuan in investment, making it the largest private investment from Zhejiang Province in Changchun so far, according to Mayor Zhu Yejing.
Clivia Group is a major auto parts manufacturer in Changchun, with annual sales of approximately 1 billion yuan, primarily supplying components such as bumpers and fuel tanks to FAW Group. Due to its expansion plans, Clivia urgently needs capital, and Wanxiang, with its strong financial backing, found a perfect match.
Xue Wenge, deputy director of the Changchun Economic and Trade Commission, emphasized that through this state-owned asset reorganization, Wanxiang will be able to expand its presence in the Northeast at a low cost, while the local auto parts industry can benefit from more flexible management practices introduced by private enterprises, creating a win-win situation.
Changchun, a key industrial base in Northeast China, has a motor industry that accounts for 78.8% of the city's total industrial output. It is home to over 200 auto parts companies supporting FAW Group. Last year, FAW produced 900,000 vehicles, and with its cooperation with Volkswagen, it is expected to reach 1 million units annually within five years, representing one-third of the country's total production.
In 2023, Zhejiang-based enterprises supplied spare parts worth 3 billion yuan to Changchun’s automotive industry. Currently, nearly 40 Zhejiang-Changchun enterprises are exploring collaboration in the auto parts sector. So far, Changchun has introduced 202 state-owned enterprises from Zhejiang for recapitalization, involving 35.8 billion yuan in assets, including 31 billion yuan in state-owned assets. The proportion of state-owned assets in the city now exceeds 60%.
To further advance state-owned enterprise reforms, Changchun has introduced a series of preferential policies, including encouraging foreign capital participation in restructuring. Enterprises that secure more than 30% of their share capital through external investment or achieve profitability in the reform year may receive tax incentives.
Source: Oriental Morning Post
Wooden Series
The Wooden Series offers a diverse range of products that showcase the beauty and versatility of wood. Here are some of the main categories within the Wooden Series:
Furniture
Wooden furniture is a staple of the Wooden Series. This category includes items such as tables, chairs, beds, dressers, and cabinets. Each piece is crafted with precision and care, highlighting the natural grain and texture of the wood.
Tables can range from small side tables to large dining tables. They may be made from a variety of woods, such as oak, walnut, or mahogany, and can feature different finishes and designs. Chairs can be simple and functional or highly decorative, with intricate carvings or upholstered seats.
Beds come in different styles, from traditional four-poster beds to modern platform beds. They are often made with sturdy wooden frames that provide support and durability. Dressers and cabinets offer storage solutions while also adding to the aesthetic of a room.
Decorative Items
The Wooden Series also includes a wide range of decorative items. These can include wall art, sculptures, picture frames, and candle holders. These pieces are designed to add a touch of warmth and elegance to any space.
Wall art made of wood can take many forms, such as carved panels, wooden signs, or three-dimensional sculptures. They can be hung on walls to create a focal point or add visual interest. Picture frames made of wood can enhance the look of photos and artwork, while candle holders provide a cozy and inviting atmosphere.
Home Accessories
In addition to furniture and decorative items, the Wooden Series offers various home accessories. This category includes items such as trays, coasters, and tissue box covers. These small but functional pieces are made from wood and add a natural element to your home.
Trays can be used for serving food or as a decorative display on a coffee table. Coasters protect surfaces from drink stains and come in different shapes and designs. Tissue box covers add a stylish touch to an otherwise mundane item.
Outdoor Furniture and Structures
The Wooden Series also extends to outdoor living spaces. This includes outdoor furniture such as benches, tables, and chairs, as well as structures like pergolas and gazebos.
Outdoor wooden furniture is often made from durable woods that can withstand the elements. It is designed to be comfortable and functional while also adding to the beauty of your outdoor area. Pergolas and gazebos provide shade and a focal point in the garden, creating a relaxing outdoor retreat.
Wooden Toys and Games
For children, the Wooden Series offers a selection of toys and games. These can include wooden blocks, puzzles, and board games. These toys are not only fun but also educational, promoting creativity and imagination.
Wooden blocks can be used for building and stacking, while puzzles help develop problem-solving skills. Board games made of wood have a classic and timeless appeal, providing hours of entertainment for the whole family.
In conclusion, the Wooden Series offers a wide variety of products that highlight the beauty and versatility of wood. Whether you are looking for furniture, decorative items, home accessories, outdoor structures, or toys, there is something in the Wooden Series to suit every taste and style.
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