Media Focus on Multinational Corporations[2021.05.10]






WHO approves Chinas Sinopharm COVID-19 vaccine for emergency use

The World Health Organization (WHO) on May 7, 2021, approved Chinas Sinopharm COVID-19 vaccine for emergency use. The Sinopharm vaccine will now be included in the UN-backed COVAX vaccine distribution scheme.

This afternoon, WHO gave emergency use listing to Sinopharm Beijings COVID-19 vaccine, making it the sixth vaccine to receive WHO validation for safety, efficacy, and quality,said WHO chief Tedros Adhanom Ghebreyesus during a press conference.

'The Strategic Advisory Group of Experts on Immunization, or SAGE, has also reviewed the available data, and recommends the vaccine for adults 18 years and older, with a two-dose schedule.'-@DrTedros

World Health Organization (WHO) (@WHO) May 7, 2021


Pfizer CEO opposes U.S. call to waive Covid vaccine patents, cites manufacturing and safety issues

Pfizer CEO Albert Bourla warned Friday that waiving patent protections for Covid vaccines would set off a worldwide race for raw materials that threatens the safe and efficient manufacturing of Covid shots.

The Biden administration endorsed the waiver proposal days earlier, in service of expanding vaccine distribution to lower-income nations currently being battered by the pandemic.

But Bourla, whose company produces one of three vaccines approved for emergency use in the U.S., said he believes 'categorically' that the waiver proposal will 'create more problems.'

Shanghai Fosun

Fosun Pharma unit, BioNTech to form joint venture to make up to 1 billion doses of Covid-19 vaccine in China

A unit of Shanghai Fosun Pharmaceutical has agreed to form a US$200 million joint venture with German partner BioNTech to build a plant in China capable of supplying as much as one billion doses of coronavirus vaccine a year.

Shanghai Fosun Pharmaceutical Industry Development will contribute up to US$100 million of assets including cash and a manufacturing facility, while BioNTech will chip in the licence and know-how to produce the vaccine of the same value. Each party will own half of the venture.

Sinochem Holdings Corporation Ltd

Sinochem Holdings Corporation Ltd. Established

On May 8, 2021, Sinochem Holdings Corporation Ltd. (Sinochem Holdings) was established, forming through the joint restructuring of Sinochem Group Co., Ltd. and China National Chemical Corporation Ltd. (ChemChina).

Sinochem Holdings is a leading state-owned enterprise under the supervision of State-owned Assets Supervision and Administration Commission of the State Council. Headquartered in Beijing, Sinochem Holdings has more than 220,000 employees.


Huawei will push Hongmeng OS on a large scale next month

According to China Securities Information, current sources show that Huawei will begin to push Harmony OS 2.0, the third-largest mobile phone operating system outside of Android and iOS, on a large scale as early as June.

According to reports, in terms of software partners, Huawei has selected the top 200 manufacturers in the Chinese application market to download and use. It has now confirmed that about 70% of the initial cooperation has been established. It is expected that the cooperation will be further expanded with the planned push of the Hongmeng system. Relevant partners will usher in opportunities.


Saudi Aramco

Major Chinese investors are reportedly in talks to buy Saudi Aramco stake

Major Chinese investors are in talks to buy a stake in Saudi Aramco, several sources told Reuters on Wednesday, as Saudi Arabias state oil firm prepares to sell another slice of its business to international investors.

Saudi Arabia was in discussions to sell 1% of Aramco to a leading global energy company and could sell further shares including to international investors within the next year or two.

Sovereign wealth fund China Investment Corporation (CIC)  was among those that could invest, two sources told Reuters.



Boosting connectivity with building solutions

China State Construction Engineering Corp's Middle East subsidiary is fully engaged in the construction of the 139-kilometer Package A of Etihad Rail's 605-km Stage 2 project, connecting Ruwais and Ghuwaifat in the United Arab Emirates.

Etihad Rail is the developer and operator of the UAE's national railway network. The CSCEC project signifies Chinese companies' unrelenting efforts to help the global community through cross-border cooperation for high-quality development, against a backdrop of extremely trying circumstances created by the COVID-19 impact on economies across the world.



Omron Healthcare China pledges improved tech for healthcare

Japanese leading healthcare brand Omron Healthcare will continue to leverage technological innovations to help more consumers in the Chinese market, according to its top executive at the ongoing China International Consumer Products Expo on Saturday.



Nestle launches 29 new products in China

Global food and beverage giant Nestle is debuting 29 products in China at the first China International Consumer Products Expo, demonstrating its continued commitment to the local market.



CNOOC brings Liuhua gas field onstream

China National Offshore Oil Corp or CNOOC, one of the country's three major oil and gas companies, said on Thursday that it has started producing natural gas from the Liuhua 29-2 gas field located in the eastern part of the South China Sea.

CNOOC said the move will help ensure sufficient clean energy supplies to the Guangdong-Hong Kong-Macao Greater Bay Area.



Oppo releases a slew of new products

Chinese smartphone maker Oppo unveiled a range of new products, including smartphones and televisions, on Thursday, as the company ramped up efforts to tap the growing demand for the internet-of-things devices, amid intense competition.



'Huawei Carrier Congress 2021' kicks off to bolster Bangladesh's digital growth

DHAKA -- Chinese telecoms giant Huawei has started a special event titled 'Huawei Carrier Congress 2021' in Bangladesh with industry stakeholders from the country and elsewhere in the South Asia region.

The event was virtually inaugurated Thursday by Mustafa Jabbar, Bangladeshi minister of Posts and Telecommunications.

The congress which will last until almost the end of May aims to exchange views about technology trends and other aspects that may influence the tech world in the coming days.



Automaker BYD makes Time's most influential companies list

New York-headquartered Time magazine announced Chinese electric vehicle giant BYD Co Ltd earned a spot on its inaugural '2021 Time 100 Most Influential Companies' list, recognizing Chinese EV manufacturers' mounting efforts in building a greener globe.



PetroChina posts best quarterly performance in 7 years

PetroChina Company Limited announced on Thursday that the company's operating results has achieved the best quarterly performance in the past 7 years, amid the backdrop of macroeconomic recovery and demand rebound in the oil and gas market.

The company recorded net profit of 27.7 billion yuan ($4.28 billion) in the first three months of this year, achieving the best quarterly performance in the past 7 years. The revenue meanwhile reached 551,923 million yuan, representing an increase of 8.4 percent year-on-year, it said in a release.



Sinopec reports income spike amid price recovery

China's oil giant China Petrochemical Corp, better known as Sinopec, reported a first-quarter net income of 18.54 billion yuan ($2.86 billion) during the first three months this year amid a recovery in global oil prices and robust demand for refined oil products.

Revenue during the first quarter reached 576.98 billion yuan, a year-on-year increase of 4.1 percent, the company said in a release on Wednesday.

The company processed 62.52 million tons of crude oil, up 16.3 percent compared with the same period last year, thanks to China's rising fuel demand.uan, representing an increase of 8.4 percent year-on-year, it said in a release.