Skip to main content

China’s tech giant Xiaomi inaugurates factory in Istanbul: media

Abstract : China's tech giant Xiaomi inaugurated Monday its new factory in Turkey's biggest city Istanbul, the state-run Anadolu agency said.

Turkish Industry and Technology Minister Mustafa Varank holds a Xiaomi smartphone along with the employees of Xiaomi’s factory in Istanbul, Turkey, on March 6, 2021. (Turkish Industry and Technology Ministry handout via Xinhua)

ISTANBUL, March 29 (Xinhua) — China’s tech giant Xiaomi inaugurated Monday its new factory in Turkey’s biggest city Istanbul, the state-run Anadolu agency said.

In a message sent to the opening ceremony, Turkish President Recep Tayyip Erdogan conveyed his gratitude to Xiaomi for investing in the country, according to Anadolu.

“Turkey, at the conjunction point of Europe and the Middle East, is confidently becoming a production base for the smartphone manufacturers,” Erdogan was quoted as saying by the agency.

Xiaomi will create job opportunities for about 2,000 people in its plant, which will have an annual production capacity of five million smartphones, the Turkish leader noted.

Erdogan said his country is open to the requests of all the investing companies that intend to establish their research and development and design centers in Turkey.

Turkish Industry and Technology Minister Mustafa Varank holds a Xiaomi smartphone box during a visit to Xiaomi’s factory in Istanbul, Turkey, March 6, 2021 (Turkish Industry and Technology Ministry handout via Xinhua)

Turkish Trade Minister Ruhsar Pekcan also congratulated Xiaomi for its new plant in a video message sent to the ceremony, according to Anadolu.

“Technology and creation of added value lie at the heart of Turkey’s growth perspective. Therefore, in this regard, it is not surprising that an important technology company like Xiaomi chose our country as a production base,” Pekcan was quoted as saying.

She also pointed out Turkey offers its investors the possibility to make free trade in a market of 23.4 trillion U.S. dollars, corresponding to 27 percent of the world economy.

Earlier in March, Xiaomi had started its test production at the factory established with the Finland-based global supplier Salcomp.

Xiaomi became the best-selling smartphone brand in Turkey in the third quarter of 2020, covering July, August, and September, according to Teknosafari, an online technology news platform.

Chinese smartphone manufacturer OPPO had also begun test production in its factory in Turkey this month.

About Xinhua Silk Road

Xinhua Silk Road (en.imsilkroad.com) is the Belt and Road Initiative (BRI) portal.China’s silk road economic belt and the 21st century maritime silk road website,includes BRI Policy,BRI Trade,BRI Investment,Belt and Road weekly,Know Belt and Road,and the integrated information services for the Belt and Road Initiative (BRI).

Source: China’s tech giant Xiaomi inaugurates factory in Istanbul: media

Labels:

Comments

Post a Comment

Popular posts from this blog

China’s non-manufacturing PMI down in April

Abstract : The purchasing managers' index (PMI) for China's non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics said Friday. BEIJING, April 30 (Xinhua) — The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 54.9 in April, down 1.4 percentage points from the March figure, the National Bureau of Statistics (NBS) said Friday. A reading above 50 indicates expansion, while a reading below reflects contraction. The expansion of the non-manufacturing sector continued to gather momentum but at a slower pace, said senior NBS statistician Zhao Qinghe. In April, the sub-index for business activities in the services sector stood at 54.4, down from 55.2 in March. The sub-indexes for business activities in rail services, air transportation and accommodation came in at above 65, indicating the rapid growth of business volumes in these areas, according to Zhao. The statisti...
Post a Comment
Read more

China expands QDII quotas as outbound investment demand grows

Abstract : China's foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. BEIJING, June 3 (Xinhua) — China’s foreign exchange regulator on Wednesday night expanded quotas under an outbound investment scheme to meet the growing demand of domestic investors. A total of 10.3 billion U.S. dollars in quotas was granted to 17 institutions under the Qualified Domestic Institutional Investor (QDII) program, a scheme for outbound investment , according to the State Administration of Foreign Exchange (SAFE). Among these institutions were fund companies, securities firms and insurers, as well as banks, said the regulator. The move brought China’s total QDII quota to 147.32 billion U.S. dollars. Under the QDII program, the country’s cross-border capital flows have been maintained in an orderly manner, satisfying the rising demand for outbound investment at home, said a SAFE official. T...
Post a Comment
Read more

Interview: Egyptian-Chinese cooperation against COVID-19 reflects strength of ties, says Egyptian minister

Abstract : Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries' relations, said Egyptian Minister of State for Information Osama Heikal. SHARM EL SHEIKH, Egypt , Sept. 27 (Xinhua) — Egyptian-Chinese cooperation in the fight against the COVID-19 pandemic reflects the strength and durability of the two countries’ relations, said Egyptian Minister of State for Information Osama Heikal. “In such circumstances, countries need to cooperate with each other in a way that demonstrates solidarity and reflects strength in relationships … Egyptian-Chinese cooperation is a good example,” the minister told Xinhua in a recent interview. Egypt-China relations are strong and deeply-rooted, and will gain a greater momentum in the coming years, he said. The minister praised China’s handling of the pandemic, saying that every country has dealt with the crisis according to its own circumstances. “I believe that the E...
Post a Comment
Read more