Posts tagged "China"

How China is implementing the Reform?

02

Dec 2013


Global Sourcing, Opportunities
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How China is implementing the Reform?

The Third Plenum provided an impressive statement of reform intentions, but it changed nothing on the ground. Capital Economics pointed to these six signposts to look for to gauge how rapidly new policies will actually be implemented.   1. 2014 GDP target.   The coming weeks should provide a few clues on how fast the leadership intends to act. The National Development and Reform Commission, China’s top economic planner, this week said it is drafting a reform plan for 2014. China-...

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Chile plan to export to China and India

26

Nov 2013


Global Sourcing, Opportunities
2 comments

Chile plan to export to China and India

The agro-food production from both Chile and Peru could start increasingly complementing one another in the coming years as a result of Chile's invitation to start exporting together to China and India. "We seriously need to consider "Chindia", which in 2050 will represent 46% of the world's GDP," pointed out Carlos Escaffi Rubio, adviser for the Economic Department from Chile's embassy in Peru. He also added that "what we can do is start collaborating and complementing one another with produ...

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Where China Offer Uncensored Internet

27

Sep 2013


Global Sourcing, Safety and Compliance
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Where China Offer Uncensored Internet

By James Pomfret and Yimou Lee of Reuters ddddd SHENZHEN/HONGKONG — A planned economic zone in southern China will allow full internet freedom, similar to what will be allowed in a proposed free trade zone in Shanghai, a senior official behind the project said on Thursday.   fffff China tightly controls the internet through a so-called Great Firewall, routinely deleting online postings and blocking access to websites it deems politically sensitive or inappropriate such as Facebook...

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China’s Exports Rise 7.2% in August

09

Sep 2013


Global Sourcing, Logistics
1 comment

China’s Exports Rise 7.2% in August

BEIJING, Sept. 8 (Xinhua) -- China's exports rose 7.2 percent year on year to 190.61 billion U.S. dollars in August, according to customs figures released on Sunday. The growth rate was 2.1 percentage points higher than July. Imports also rose last month, gaining 7 percent to 162.09 billion U.S. dollars, the General Administration of Customs said in a statement. Total foreign trade grew 7.1 percent in August over the same month in 2012 to 352.7 billion U.S. dollars, said the statement. ...

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Diamond decade for China & ASEAN

04

Sep 2013


Global Sourcing, Opportunities
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Diamond decade for China & ASEAN

Trade and investment between China and the Association of Southeast Asian Nations are expected to more than double by 2020, Premier Li Keqiang said on Tuesday.   These goals are part of what the premier calls a "diamond decade" of relations the two must strive to achieve.   Trade is expected to reach $1 trillion in 2020, compared with $400 billion last year, Li said at the 10th China-ASEAN Expo, which opened on Tuesday in Nanning, capital of the Guangxi Zhuang autonomous re...

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India, China Take 60% of Gold Buying

16

Aug 2013


Global Sourcing, Quality Control, Quality Management
2 comments

India, China Take 60% of Gold Buying

In the quarter ended June, India and China together accounted for about 60 per cent to the global demand for gold. During the period, global demand fell 12 per cent.   Data compiled by Thomson Reuters and World Gold Council showed global demand stood at 856.3 tonnes during the quarter ended June, against 974.6 tonnes in the corresponding period last year. While jewellery demand rose 37 per cent to 575.5 tonnes, demand for gold bars and coins increased a staggering 78 per cent to 507.6...

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Mexico Woos Chinese Tourists

05

Aug 2013


Global Sourcing, Logistics, Opportunities
2 comments

Mexico Woos Chinese Tourists

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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China’s Rising Costs

31

Jul 2013


Global Sourcing, Logistics, Opportunities
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China’s Rising Costs

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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New Rail Cargo Zhengzhou-Hamburg

22

Jul 2013


Global Sourcing, Logistics
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New Rail Cargo Zhengzhou-Hamburg

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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5 Ways China Can Rise Its Imports

15

Jul 2013


Global Sourcing, Logistics, Opportunities
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5 Ways China Can Rise Its Imports

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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