China Relations Sour as Czech Senate President Visits Taiwan, Beijing Buyer Cancels Order for Czech Pianos
With China angered over a recent visit to Taiwan by the president of the Czech senate Miloš Vystrčil and his delegation, a Chinese buyer cancelled a 5.3-million Czech koruna (approxmiately 1.8-million Hong Kong dollar) order with the Czech piano manufacturer Petrof, the Czech News Agency reported.
Commenting on Vystrčil’s visit to Taiwan, the Chinese foreign minister Wang Yi said earlier that Taiwan is an inalienable part of China. Those who challenge the “One China” principle, he said, are making themselves enemies of the 1.4 billion Chinese people and are going to pay a heavy price. The Czech foreign ministry summoned the Chinese ambassador for an explanation.
Citing an announcement by Petrof’s CEO Zuzana Ceralová Petrofová, foreign media reported that a buyer from Beijing cancelled a close deal with the piano manufacturer because of Vystrčil’s visit. With rumours of the Chinese government placing sanctions on Czech imports going around, the buyer was worried that he could not afford the fine and decided to cancel his order.
A renowned instrument brand, Petrof makes 35% of its revenue from sales in China. The report quoted the manufacturer as voicing concerns for the impact on its operation in China should the country’s relations with the Czech Republic continue to worsen. It is also unsure as to whether its employees will be given visas to attend the International Instrument Exhibition, which will take place in Shanghai next month.
Source: Stand News #Sep05
#CzechRepublic #Taiwan #China #Petrof #VystrÄŤil #Diplomacy #Trade #Piano
https://bit.ly/2R90PYo
With China angered over a recent visit to Taiwan by the president of the Czech senate Miloš Vystrčil and his delegation, a Chinese buyer cancelled a 5.3-million Czech koruna (approxmiately 1.8-million Hong Kong dollar) order with the Czech piano manufacturer Petrof, the Czech News Agency reported.
Commenting on Vystrčil’s visit to Taiwan, the Chinese foreign minister Wang Yi said earlier that Taiwan is an inalienable part of China. Those who challenge the “One China” principle, he said, are making themselves enemies of the 1.4 billion Chinese people and are going to pay a heavy price. The Czech foreign ministry summoned the Chinese ambassador for an explanation.
Citing an announcement by Petrof’s CEO Zuzana Ceralová Petrofová, foreign media reported that a buyer from Beijing cancelled a close deal with the piano manufacturer because of Vystrčil’s visit. With rumours of the Chinese government placing sanctions on Czech imports going around, the buyer was worried that he could not afford the fine and decided to cancel his order.
A renowned instrument brand, Petrof makes 35% of its revenue from sales in China. The report quoted the manufacturer as voicing concerns for the impact on its operation in China should the country’s relations with the Czech Republic continue to worsen. It is also unsure as to whether its employees will be given visas to attend the International Instrument Exhibition, which will take place in Shanghai next month.
Source: Stand News #Sep05
#CzechRepublic #Taiwan #China #Petrof #VystrÄŤil #Diplomacy #Trade #Piano
https://bit.ly/2R90PYo
Tycoon Shoulders Multimillion-Koruna Czech Piano Purchase Cancelled by Chinese Buyer over Senate President’s Visit to Taiwan
A Chinese buyer cancelled a 5.3 million-koruna (approximately 1.83 million-Hong Kong dollar) order with the Czech piano maker Petrof as Beijing fumed over a recent visit to Taiwan led by the Czech senate president Miloš Vystrčil. The Czech News Agency and Forbes reported that Czech tycoon Karel Komárek had took on the purchase and donated all 11 handmade pianos involved to local schools.
Petrof’s CEO Zuzana Ceralová Petrofová said earlier that a Chinese customer from Beijing had cancelled a close order because of Vystrčil’s visit to Taiwan. Petrof is a renowned musical instrument brand with the Chinese market contributing to about 35% of its revenue. The company is worried that further deterioration of the Czech Republic’s relations with China will have an impact on its business.
In a surprising turn of event, Czech tycoon Karel Komárek and his wife were reported on 9 September to have taken on the rejected purchase. Having learnt that a Chinese customer had cancelled an order with Petrof, said Komárek, the billionaire decided to buy the 11 pianos involved in the name of the foundation KKCG and donate them to schools in the Czech Republic. These pianos, he hopes, can become a symbol of Czech pride and unity.
Source: Stand News #Sep09
#Czech #Taiwan #China #Vystrčil #Piano #Petrof #Komárek #Diplomacy
https://bit.ly/35NWEd0
A Chinese buyer cancelled a 5.3 million-koruna (approximately 1.83 million-Hong Kong dollar) order with the Czech piano maker Petrof as Beijing fumed over a recent visit to Taiwan led by the Czech senate president Miloš Vystrčil. The Czech News Agency and Forbes reported that Czech tycoon Karel Komárek had took on the purchase and donated all 11 handmade pianos involved to local schools.
Petrof’s CEO Zuzana Ceralová Petrofová said earlier that a Chinese customer from Beijing had cancelled a close order because of Vystrčil’s visit to Taiwan. Petrof is a renowned musical instrument brand with the Chinese market contributing to about 35% of its revenue. The company is worried that further deterioration of the Czech Republic’s relations with China will have an impact on its business.
In a surprising turn of event, Czech tycoon Karel Komárek and his wife were reported on 9 September to have taken on the rejected purchase. Having learnt that a Chinese customer had cancelled an order with Petrof, said Komárek, the billionaire decided to buy the 11 pianos involved in the name of the foundation KKCG and donate them to schools in the Czech Republic. These pianos, he hopes, can become a symbol of Czech pride and unity.
Source: Stand News #Sep09
#Czech #Taiwan #China #Vystrčil #Piano #Petrof #Komárek #Diplomacy
https://bit.ly/35NWEd0