JULY#53 NEWS ECONOMY NORMS & REGULATIONS UPCOMING EVENTS News Agriculture: Centre sanctions Rs 75 cr to promote horticulture in Punjab +Info Pulses output might set another record +Info Automotive: Maruti Suzuki India to enter light commercial vehicles segment +Info India to be world’s 3rd largest automotive market by 2016: HIS +Info Renault open to more tie-ups in India +Info Business agreements: Saudi-India business ...
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Hundreds of thousands of Chinese tourists visit the United States each year, but fewer than 50,000 went to its southern neighbour Mexico last year. But Mexico's looking to change that. Its tourism secretary Claudia Ruiz Massieu has been visiting Hong Kong and the mainland to woo Chinese investors and tourists. She said that last year Mexico saw about 1,500 Hong Kong visitors and around 47,000 from the mainland. "We're looking to grow those flows" she added at the start ...
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Companies that reevaluate their China-based manufacturing operations can remain competitive despite inflation. Executives across China have been quick to mention rapidly increasing labor costs in recent years as one of their top concerns for their China operations. China’s labor costs in the urban manufacturing sector reached ¥31,000 ($4,579) per employee per year in 2010, more than doubling from just ¥12,700 ($1,5...
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Private sector industry in the eurozone returned to growth in July, according to a closely-watched survey, boosting hopes that the single currency area will soon emerge from recession. The Markit eurozone Purchasing Managers' Index (PMI), which measures business output, was 50.4 in July. A figure above 50 indicates expansion. July's figure was up from 48.7 in June, and marks an 18-month high. The eurozone has been in recession since the end of 2011. "T...
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Responding to rising trade volumes, Zhengzhou, a business and logistic center in Central China, has started rail service to Hamburg, Germany. The train takes 18 days to make the 10,214-kilometer trip, but that's more than twice as fast as maritime transport. It can also effectively save 80 percent of the cost compared with air shipments, and it's about $489 cheaper on average compared with road transportation, which is a major incentive for the Eurasian Land Bridge, also dubbed New ...
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China’s growing middle class will become a strong source of purchasing power by reaching up to 630 million over the next decade. The primary objective for the Chinese government is to meet the expected demand and become a more customer-driven economy. The Chinese government restricts imports of American goods and has high tariffs on goods Chinese consumers are willing to buy. By decreasing tariffs on the imported goods China could help itself to obtain its objectives. Next will be introduced s...
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New High-speed railway line linking Nanjing, Jiangsu Province with Ningbo, Zhejiang’s only deepwater port, and passing through Hangzhou, Zhejiang’s provincial capital put into operation this July. It means a faster connection was provided in Yangtze River Delta region, one of the richest regions in China. This new high-speed railway will better integrate the region with Shanghai as a center to boost its neighbour cities. The exchange of regional and even international economic a...
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If you have already done business with China, you know that it is not easy everyday... Sometimes, it would look like even the government leagues against your business. That’s the problem encountered by many companies when facing “The Great Firewall”. But since several years, companies and individuals have been starting to use VPNs (virtual private network) in order to avoid this restriction, and to be able to access all of the services and media the internet can offer. Chinese...
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You are in China for a long time travel, to finish your studies or simply to do business… Then you already encountered a phenomenon that you might have not understood quite properly: The Face phenomenon. The importance of face in China is well documented with numerous articles, studies and tracts on the importance of managing face in China. What does face mean, how do you manage it, and what is the relevance with regards to Gen Y? Face is considered uniquely Asian or ...
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China started to get scared as the beginning of year 2012 was not as good as expected or usual in exports target. The giant exporter let the world it can weakens at any time, but in the end, as usual, China takes it back and will finally meet their target. In Beijing, China's trade ministry sought to dispel worries about slowing economic growth in July by saying exports are likely to pick up in coming months and the country can meet its 10 per cent exports growth target for 2012. S...
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Container Loading Supervision (4 out 4)
15 Oct 2020
Quality Inspections during Travel Restrictions ( 3 out of 4)
29 Sep 2020
International Sales Contract
23 Sep 2020
