Quotable

Wanfeng could acquire advanced welding robot technology through this acquisition, which will be used in the entire vehicle manufacturing process that Wanfeng hasn't tapped into in the past. It is a new business growth point for Wanfeng."

Qu Xianming, executive director of the Chinese Mechanical Engineering Society. Chinese robotics maker Zhejiang Wanfeng Technology Development Co Ltd acquired Paslin Co, a US robotics firm focused on the automotive sector, for $302 million in March.

"This platform will benefit not only large industrial enterprises, but also small and medium-sized companies by sharing our resources in suppliers and experience in supply chain management, because it will optimize their sourcing process and reduce the procurement cost."

Jiao Fangzheng, deputy general manager of Sinopec, Asia's largest refiner, which launched China's largest online industrial supply system on April 18, teaming up with e-commerce giant Alibaba Group Holding Ltd.

"In the past, we mainly transported our products by road, but through cooperation with China Railway Corp Group, we will connect road and railway transportation as a whole, and provide consumers with integrated delivery services."

Zhou Yunjie, rotating president of Haier, responding to plans by CRCG, the railway service provider, to build a number of rail logistics centers in Anhui and Shandong provinces.

(China Daily European Weekly 04/22/2016 page24)