Global energy company Baker Hughes will accelerate localized development strategies for its core business in China to further tap market potential in the world's second-largest economy, according to a senior company executive.
全球能源公司贝克休斯的一位高管表示，该公司将加快其核心业务在中国的本地化发展战略，以进一步挖掘世界第二大经济体的市场潜力。
"We will make progress through strategic trials to better meet the distinctive demand in the China market," said Cao Yang, vice-president of Baker Hughes and president of Baker Hughes China.
“我们将通过战略试验取得进展，以更好地满足中国市场的独特需求，”贝克休斯副总裁兼贝克休斯中国总裁曹阳表示。
Baker Hughes will continuously expand its supply chain capability in China while striving to complete one-stop services for customers, which include product manufacturing, processing and talent cultivation, he added.
贝克休斯将继续扩大其在中国的供应链能力，同时努力为客户提供一站式服务，包括产品制造、加工和人才培养，他补充道。
"Our strategic investments in a varied fleet of modern, fuel-efficient aircraft have helped us overcome the significant challenges related to capacity constraints while balancing commercial needs as swiftly as possible," said Akbar Al Baker, chief executive officer of Qatar Airways Group.
卡塔尔航空集团首席执行官阿克巴尔·贝克表示：“我们对各种现代化、节能飞机机队的战略投资帮助我们克服了与运力限制有关的重大挑战，同时尽快平衡商业需求。”。
Chris Baker, founder of Totem and key author of the report, said that unlike in many other countries, the digital medium already sits at the center of all advertising planning in China.
Totem创始人、该报告的主要作者Chris Baker表示，与许多其他国家不同，数字媒体已经成为中国所有广告规划的中心。
"In the past few years, digital marketing inflation has been super high… Marketers are now trying to be practical and not over-invest," said Baker, explaining the rationale behind the reshuffle and what the tilt toward traditional media means.
“在过去几年里，数字营销的通货膨胀率一直很高……营销人员现在正努力做到务实，而不是过度投资，”Baker说，他解释了重组背后的理由以及向传统媒体的倾斜意味着什么。
According to Baker, there is a fundamental reason for the rapidly rising branding costs in China: The digital marketing landscape is largely concentrated among a slew of dominant platforms, so that brands lack a one-size-fits-all approach to capture audience and hence have to navigate different channels and pay "high rents".
贝克认为，中国品牌成本迅速上升有一个根本原因：数字营销格局主要集中在一系列占主导地位的平台上，因此品牌缺乏一种一刀切的方法来吸引受众，因此不得不通过不同的渠道并支付“高租金”。
"With fewer link blockages, users will be able to jump around app-to-app easily," Baker said.
Baker说：“通过减少链接阻塞，用户将能够轻松地在应用程序之间跳转。”。
While the change might take years to materialize, brands are likely to embrace the "direct-to-customer" trend by engaging directly with customers on websites, mini programs, and start to own a larger part of the customer relationship data, Baker added.
Baker补充道，虽然这一变化可能需要数年时间才能实现，但品牌很可能会通过在网站、迷你程序上与客户直接接触来接受“直接面向客户”的趋势，并开始拥有更大一部分的客户关系数据。
Brands should poll data from different channels, build data management platforms from in-house and regain data autonomy," Baker said.
品牌应该从不同渠道调查数据，从内部建立数据管理平台，并重新获得数据自主权，”Baker说。
US energy technology company Baker Hughes would opt for the China International Import Expo (CIIE).
Baker Hughes has participated in the CIIE since 2018.
At the third CIIE last year, Baker Hughes made its debut as an independent company and displayed pioneering products such as advanced drills, subsea production systems and digital solutions.
Baker Hughes is looking to continue its close cooperation with the Chinese government, energy enterprises, industry experts and other industry participants, and make the most of the expo to offer cutting-edge technologies and digital solutions as well, according to the company.
Baker Hughes added that it will spare no efforts to help China make greater progress in energy transformation and contribute to the early realization of the country's target of achieving peak carbon emission levels by 2030 and carbon neutrality by 2060.
The BRI has made positive progress toward raising the sustainability of its infrastructure projects, which will be key to making the initiative a success in the coming decade, according to a report released by global law firm Baker McKenzie in March.
The donation was initiated by Akbar Al Baker, the Group CEO of Qatar Airways, who had to postpone his planned trip to Shanghai in mid-February due to the novel coronavirus outbreak.
The Shanghai People's Association for Friendship with Foreign Countries said Akbar Al Baker had sent a letter on Feb 17 to express his support and admiration of China's efforts in controlling the epidemic and sharing of information with the world.
We hope to make a positive contribution and leverage our strengths as one of the world's major air cargo carriers," said Akbar Al Baker, CEO of Qatar Airways.
Han Yaqi, a 28-year-old baker, is a certified scuba diver from Wuhan, Hubei province.
The first joint operation was set up by the Chicago-headquartered Baker McKenzie and Beijing Fenxun Partners in April 2015.
Qatar Airways Group Chief Executive Akbar Al Baker, who was accompanied by Chief Operating Officer of Hamad International Airport Engr.
GE was able to retain or generate about 10 billion in cash over the quarter mainly thanks to its dividend cut and the sale of parts of its stake in oil services group Baker Hughes, said the company.
The company's units of aviation, health care and Baker Hughes oil and gas saw profits rise in the quarter.
"Given the complementary strengths and resources of China Southern Airlines and Qatar Airways, there are opportunities for us to work together and build a long-term relationship in ways that would bring benefits to customers of both airlines," said Akbar Al Baker, chief executive of Qatar Airways.
"Massachusetts Governor Charlie Baker said the efforts would help "bring the T into the 21st century".
His Excellency Mr. Akbar Al Baker, Qatar Airways Group chief executive, said: "It is an immense pleasure for all of us at Qatar Airways to be part of the milestone development achieved by ICBC Leasing and a testament to the fact that Qatar Airways is continuing to grow at a record pace.
The company currently employs 5,000 people directly and a further 12,500 people work in fashion brand concessions, including French Connection, Phase Eight, and Ted Baker.
Stanley Jia, chief representative at the Beijing office of global law firm Baker McKenzie, was quoted by the South China Morning Post as saying there will be plenty of opportunities for Chinese and multinational companies to work together in the future.
A report jointly published by Baker McKenzie and Silk Road Associates earlier stated that new Belt and Road Initiative-related projects could generate value of more than $350 billion over the next five years.
NEW YORK - China Eastern Airlines Tuesday signed a global strategic cooperation framework agreement with the law firm Baker McKenzie, in a bid to further expand its operations overseas.
Under the agreement, Baker McKenzie will continue providing legal counsel and services to China Eastern as the latter carries out its internationalization strategy, said Tang Bing, deputy general manager of China Eastern Airlines.
Jim Colihan, managing partner of Baker McKenzie's New York office, said Baker McKenzie is honored to partner with one of the world's leading airlines.
He added that Baker Mckenzie's recent report with Rhodium Group saw a surge of Chinese foreign direct investment in North America and Europe, and such surge was highlighted by continued influence of globalization and rapid development for China's economy.
GREG BAKER / REUTERSCommercial Aircraft Corp of China Ltd, the Shanghai-based State-owned passenger plane manufacturer, said on Thursday that it plans to establish a multibillion yuan fund this year to support further research and development of aircraft components and related supply companies.
Cao Yang, global vice-president of Baker Hughes and president of Baker Hughes China, voiced confidence in China's future economic growth, saying China's manufacturing sector has demonstrated strong resilience and stability.
In recent years, Baker Hughes has maintained double-digit business growth in China, reaching a historic high in 2022.
For example, US energy technology company Baker Hughes is looking to cooperate with local companies on hydrogen energy and electric vehicle testing matters, while Roche Diagnostics is planning to discuss partnerships with medical institutions in Jilin.
"In the first five months this year, our purchase amount in China increased around 60 percent year-on-year," said Cao Yang, Baker Hughes' vice-president and president for China.
Mark Baker, CEO of Truth of Touch Apparel in New York, has done business with China for almost 20 years, which he described as "very good. "
The number of active drilling rigs in the United States increased by 13 to 1,057, or 108 more than this time last year, according to the weekly data released by Baker Hughes on Friday.
The Houston-based oilfield services company Baker Hughes reported that the number of active oil rigs increased by ten to 869 this week, with more than half of oil rigs, or 485, located in Permian Basin region of western Texas and southeastern New Mexico.
The relatively higher efficiency at the Swiss bourse is one major attraction, according to experts from Baker McKenzie FenXun law firm.
According to global law firm Baker Mckenzie, IPO activity in China will be on par with that in 2018 this year, reaching $16.4 billion, with domestic IPOs continuing to be the main driver.
Looking ahead, Baker McKenzie expects China IPOs to rise by 42 percent year-on-year in 2021 to $22.2 billion, and by a further 17.6 percent in 2022 to $26.1 billion.
"There has already been some shake-up, with several IPOs set to list in Hong Kong canceling their applications to instead float in Shanghai," said law firm Baker Mckenzie's report, citing the example of biomedical storage equipment producer Qingdao Haier Biomedical Co Ltd, whose IPO application was accepted by the Shanghai Stock Exchange in April.
The Hong Kong stock exchange, together with its United States counterparts, are expected to remain strong in the coming year, retaining their allure as go-to destinations for promising technology superstars from the mainland, according to a recent report from law firm Baker McKenzie.
The value of newly announced Chinese mergers and acquisitions in Europe reached $22 billion, far exceeding the $2.5-billion of M&A in North America, according to research from global law firm Baker McKenzie and independent research provider Rhodium Group.
"China plays a vital role in driving the global economy and it's clear outbound investment is continuing at a more measured and sustainable pace, even if the geographic mix is changing," said Danian Zhang, chief representative of Baker McKenzie's Shanghai office.
"Stability in China's stock markets gave regulators confidence that increasing the number of new listings would not necessarily dilute liquidity and undermine the price of existing shares," leading law firm Baker& McKenzie said.