Posts by isaac

Myanmar’s new Special Economic Zone

In a bid to further boost trade with China and address the increasing demand for transport and infrastructure, Myanmar is implementing a Central Economic Zone in the border town of Muse, project officials announced last Tuesday. Following a series of economic and democratic tax reforms intended to encourage foreign direct investment, Myanmar saw FDI increase from US$300 million in 2009-10 to US$20 billion in 2010-11 and a resulting rise in GDP rate from 5 percent in 2009 to 6 percent in 2012. ...

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Trade between China and ASEAN grow

Trade between China and the ASEAN has been growing despite recent disputes in the South China Sea, economists say. According to Chinese customs data published on Friday, trade between China and the Association of Southeast Asian Nations (ASEAN) rose 5.4 percent (in U.S. dollar terms) year-on-year to reach 261.3 billion U.S. dollars in the first seven months. China's exports to the ASEAN bloc grew 8.1 percent to 146.2 billion U.S. dollars in the first seven months, while imports amounted to 115...

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China to boost its bilateral trades

The World Trade Organisation's failure to reach a significant multilateral deal may prompt countries such as China to accelerate talks on bilateral and regional pacts in a bid to rejuvenate sluggish trade growth, analysts say. In December, WTO members had cheered on reaching a trade facilitation agreement (TFA) to simplify customs procedures by reducing costs and improving their speed and efficiency, in what was dubbed as one of the biggest reforms of the organisation since its establishment in...

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Mistakes when sourcing in China

Lots of foreign companies want to import from China, but most of them do not take the necessary time to find the right supplier. Here are the 7 most common mistakes foreign companies make when sourcing in China: Lack of a well-defined strategy: When sourcing goods in China, you must have a well-defined sourcing strategy or “road map,” including locating the best supplier for your particular needs. Too few small companies do the proper due diligence when shopping for goods in China. As ...

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The importance of Quality Control

Quality control is essential to build a successful business. One that delivers products that meet or exceed customers’ expectations. It also forms the basis of an efficient business that minimizes waste and operates at high levels of productivity. A quality control system based on a recognized standard provides a strong foundation for achieving a wide range of marketing and operational benefits. Competitiveness The ability to offer customers quality products provides a strong co...

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Beijing and Seoul new trade agreement

Chinese and South Korean leaders have pledged to sign a bilateral trade agreement between China and South Korea by the end of this year and introduce direct trading of their currencies to spur cross-border renminbi transactions and deepen economic ties in two of Asia’s largest economies. The agreement was made between Chinese President Xi Jinping and his Korean counterpart Park Geun-hye on his first visit to Seoul. “Through these measures, exchange between companies and citizens in the tw...

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