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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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
