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China & Central Asia: the New Silk Road

Experts and former leaders from China and Central Asian countries called on Monday for the expansion of cooperation beyond ties in the energy sector.   "Energy is fundamental, but the economic ties between China and Central Asia are wide-range and multi-form," said Xing Guangcheng, a researcher at the Chinese Academy of Social Sciences.   China should "broaden the thinking" in its collaboration with Central Asia, Xing emphasized.   Trade between China and its fiv...

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T4T: Platform for Your Operation Aboard

Tired of wasting time compelling, updating and forwarding all data of abroad activities to your colleagues? Tech4Trade is made for you!   Tech4Trade (T4T) is a web-based application designed to give you and your team a secure online place where to store, organize and share all your procurement projects and documents.   Thanks to Tech4Trade, you can follow the whole procurement process from home and manage your orders from our international trading platform!   You...

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How to Make the Best of Alibaba

¨          What is Alibaba? Founded in 1999 in Hangzhou, China, Alibaba.com makes it easy for millions of buyers and suppliers around the world to do business online mainly through three marketplaces: a global trade platform (alibaba.com) for importers and exporters; a Chinese platform (1688.com) for domestic trade in China; and a transaction-based wholesale platform on the global site (aliexpress.com) geared for smaller buyers seeking fast shipment of small quantities of goods. Tog...

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More Intra-business to Forsee in BRICS

In the dark shadow of global economic downturn, the trade and economic ministers of BRICS nations including India today collectively call for need to resist protectionist tendencies and to promote international trade as an engine of economic growth and development.   “Adversity of financial crisis is being faced by all. There is a need to work together to overcome from this problem,” Commerce and Industry Minister, Anand Sharma said while interacting with media after the meeting o...

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Competitive China Drives US Exports

Key challenges persist - rising costs and competition for talent rank as top challenges while companies report little improvement in China’s regulatory environment.   “US companies are realizing gains after years of investment in China. That’s the good news. But China is a tough place to do business, it always has been, and this year’s China Business Climate Indices quantify that” said Kent Kedl, Managing Director, Greater China and North Asia, Control Risks.   Th...

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How WFOE Starts Business in China

The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entered the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and...

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