It is not often that one finds a new entrant stealing the thunder from established global firms in mature automobile markets like South Africa.
The global market share of China CNR Corp Ltd, one of the country's top train manufacturers by production capacity, is being lifted by surging orders from emerging economies that are upgrading their rail systems to expand services and improve trade logistics.
A slow recovery in traditional markets and low demand from emerging economies combined to drive down the number of deals signed at the 115th China Import and Export Fair, the nation's largest trade event, the organizers said on May 5 as the fair ended.
China's manufacturing sector failed to make a strong comeback in April, while the service sector continued to expand, underscoring the changing growth pattern in the world's second-largest economy.
The growth of cosmetics sales in Chinese shopping malls hit their lowest level in six years, partly due to the central government's anti-corruption drive and partly due to the rise in direct overseas purchases, a market research report says.
As night falls, a stream of trucks arrives at the Dounan flower market. Workers use torches as they unload roses, lilies and carnations.
Last year Jinning county produced 2.4 billion fresh flowers on about 2,700 hectares of land for one yield, Jinning Office of Flowers and Vegetables says. Yet 15 years ago, flower growing was a novelty for most villagers in Kunyang township, in Yunnan province.
"Depending on how much of this gets absorbed for owner occupation, these new premises could cause a situation of oversupply and significantly increased vacancy rates."
Food
In its first six years, Huawei says it did not make a penny from its business in South Africa. However, it now holds the largest or at least the second-largest market share in the South African information and communications technology market, with established Western brands as its main competitors.
Africa's industrialization and the multitude of infrastructure projects throughout the continent are giving Chinese heavy equipment maker Sany Group huge scope to reinforce its growth strategy outside China.
T name FAW may not exactly ring a bell with most people outside China, but it would certainly strike a chord on the roads in South Africa.
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