Opportunities

Quality derives from education

05

Sep 2014


Opportunities, Quality Management
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Quality derives from education

Big initiative on vocational training is to upgrade China’s economy   Shenyang in China's industrial northeast, dominated by heavy industry and leviathan state-owned enterprises, may seem an unlikely model for the modernization of the country's economy. Still, the capital of Liaoning province is seen as a leader in vocational training. It has had a long tradition in turning out the skills that industry needs and in 2010 was designated as one of 10 vocational training pilot areas. Th...

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Myanmar’s new Special Economic Zone

27

Aug 2014


International trade, Opportunities
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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

11

Aug 2014


International trade, Opportunities
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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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Mistakes when sourcing in China

29

Jul 2014


Global Sourcing, Opportunities, Service Offered
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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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Beijing and Seoul new trade agreement

21

Jul 2014


International trade, Opportunities
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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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New shipping opportunities

11

Apr 2014


Global Sourcing, Logistics, Opportunities
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New shipping opportunities

Senior government officials from Japan and Norway believe that developing environmental solutions is set to be a new growth area for the marine and shipping industries. In a message to the opening ceremony of Sea Japan 2014 in Tokyo on Wednesday, Japan’s Prime Minister Shinzo Abe, said he had high hopes that the marine resource management market would become a new growth area. Other Japanese government officials underscored the view that the green revolution in shipping provided business...

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International Trade Priority In Canada

24

Feb 2014


Global Sourcing, Opportunities, Safety and Compliance
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International Trade Priority In Canada

ECONOMIC SANCTIONS Canada imposes economic sanctions against a number of countries pursuant to the Special Economic Measures Act and the United Nations Act. In Budget 2014, the federal government has acknowledged that the due diligence requirements under Canada's economic sanctions place a significant burden on the private sector. For example, existing sanctions strictly regulate interactions with designated individuals and entities, whose names are contained in 19 separate lists located on f...

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How to reach Chinese online shoppers

14

Feb 2014


Global Sourcing, Opportunities, Service Offered
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How to reach Chinese online shoppers

Online sales in China could generate $650 billion by 2020. And it’s not only Web-savvy urbanites embracing e-commerce, but also residents of China’s smaller cities and rural areas. Rapid sales of low-cost, high-functionality smartphones have helped to expand Internet access quickly across China. Consumers in remote areas not served by large shopping malls are increasingly going online, often with their smartphones, to find the products they want. Residents of smaller cities spend a greate...

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Supply Chain Key to Success in China

10

Feb 2014


Global Sourcing, Logistics, Opportunities, Safety and Compliance
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Supply Chain Key to Success in China

It’s no secret that China’s domestic consumption is rising rapidly. Chinese consumers are buying more of everything (from apparel and white goods to luxury items and home ware) and as they buy more, from more channels, including online, at single brand stores and from large specialty chains, domestic and foreign owned companies have to re-asses their supply chain infrastructure in China for both selling and making goods. Supply Chain in China was once an afterthought or was only thought o...

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Aspects of sustainable product sourcing

17

Jan 2014


Global Sourcing, Opportunities
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Aspects of sustainable product sourcing

How sustainable product sourcing can become a business centerpiece? Companies that have made the effort to adopt green procurement practices know eco-friendly supply chain techniques can't simply be implemented in isolation. Rather, in order to be as effective as possible, sustainability needs to be made an integral part of the firm's larger business strategy. The logic behind this principle is clear. The distribution supply chain is a large network made up of a variety of different typ...

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