Global Sourcing

CHINESE NEW YEAR: YEAR OF MONKEY

Another holiday is approaching in China! Yeayyy..... This time, it's time to celebrate Chinese New Year. It's the biggest festival for Chinese people. Let's see how Chinese celebrate Chinese New Year!   The Lunar Calendar If the world adopts the Julian calendar system, then China has its own calendar system. Chinese calendar system is based on the moon. Chinese people do not really celebrate the Jan 1 New Year, instead, they celebrate their own New Year which is different from ours. Chi...

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CHINESE LABOR STRIKE

All of us know that China is the biggest population in the world, and indirectly, it makes China to have the biggest labor pool in the world. Big population is one of the most important incentives that makes China becomes home for most products in the world. But then, we heard many news about the poor labor protection in China. Yes, it is really saddening... But let's take a look of this article and think what can we do for the labor's right...   The World's Factory China, moreover the s...

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CHINA RAILWAY INVESTMENT

No matter how the yuan and stock devalue, how the economy is slowing down, for China, investment must go on! China is quite well known for its transportation and infrastructure sector. Many countries have agreed to cooperate with China to improve their  infrastructure and public transport, moreover for the railway transport. Let's see what has been China planning for the upcoming year...   Domestic Count China's national railway has set the full year fixed assets investment target at an...

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YUAN DEVALUATION

It's been quite a time, we haven't talked about Chinese economy again. This year, we keep hearing from the yuan devaluation, stock devaluation, etc. Regarding this situation, a question rose, why the yuan devaluation does not occur to decrease sharply?   The Shocking New Year Start Immersing stocks and currency have made a dramatic start to the new year in China. The closely watched Shanghai Composite Index fell 3.6 per cent on Friday, down more than 20 per cent from its recent hi...

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CHINA’S BID ON HOLLYWOOD

Have you ever been watched Chinese movies before? If you compare with Hollywood movies, which industry being one of the most important backbones for US economy, well, we can say China is still ways behind. But, don't underestimate, their effects etc. are quite cool in term of the fact that they're not as develop as Hollywood. Currently, one of Chinese tycoons, the owner of Wanda Group, bought a US Hollywood film studio. Find out the details below :)   Home for "Batman" Batman Trilogy...

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CHINA-ALGERIA COOPERATION

New year, new investments and cooperations for China. Being one of the world's strongest country, China has been 'down to earth' to share its capital and help other countries to improve their infrastructure. Currently, Algeria made a deal with China to build a mega sea port. It's not only big, but MEGA!   3.3 billion USD is the amount of China-Algeria deal to build and exploit the new center transshipment port of Cherchell.   Port Cherchell   The agreement was signed between...

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APPLE PAY ENTERING CHINA

When you live in China, you don't have to worry if you forget to bring your wallet with you, but make sure you bring your Smartphone and you are registered with an app named Alipay. "Ali" isn't this name familiar? Yes, it's part of Jack Ma's Alibaba kingdom. Currently Apple announced that they would launch its Apple Pay in China. How well will Apple Pay grab the Chinese Market?   Entering China Entering China, Apple Pay won't be alone. Together with UnionPay (state-affiliated network...

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CHINA’S CREATIVE WAY TO BEAT POLLUTION

Some countries, not only China, struggle for the pollution issue. But, the thing that differs them is for China, the pollution comes from the excessive factories' waste plus cars, while in other countries come from cars or other causes. How China beats the pollution? I find it really really creative!   I actually heard this method last year. My friend who once lived in Beijing told me that Bejing's government used a fan-like machine to transfer the pollution to other parts of China, as it...

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SIBERIA: GAMBLING HEAVEN FOR CHINESE

For the past few decades, since China opened its door to other countries, many rich people have been born and it's increasing every year. Today, if you go to European countries or other shopping-oriented places, you'll find many Chinese people inside the luxury stores who dare to stir their money around. Not only luxury goods, but they also love casino. Far East Russia   The Far East territory belongs to Russia and its size is larger than the European Union. It is only occupied by 6m...

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TECHNOLOGY: WHAT WE EXPECT IN 2016

Don't be shocked about the title, it's all in the name of technology. Instead, the fact of how technology turns our world upside down is more shocking, in my opinion. If you look back in 2015, we've seen some innovations for smart baby monitors, a whole world of change in financial technologies, hoverboards, and the backlash to hoverboards and other innovations. Let's see of what 2016 can bring to us...   1. Next-generation designer body parts One of the most important 3-D printin...

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