Posts tagged "market"

Chinese shopping ’till they drop…online

Add one more fact about China's burgeoning economy to the shopping cart. The e-commerce market in the world's most populous country is expected to leapfrog that of the United States this year to become the world's largest by total customer spending, management consultancy firm Bain & Company says. And online spending could account for half of all Chinese retail spending within a decade, according to Chinese e-commerce firm Alibaba Group. The change in shopping habits comes as almost hal...

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Organic Gardening Emerging in India

GURGAON –- Ritu Mathur poked the soil in the potted plants and flowerbeds of her garden filled with organic vegetables and fruits. “Snails!” she exclaimed — before finishing, “are a problem.” Getting rid of pests can be the biggest challenge in organic farming, which is done entirely without pesticides or insecticides. Mathur uses pheromone traps and sticky traps as well as a garlic and red chili paste to get rid of the bugs. Still, rats can be a menace. So why go through all t...

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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

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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Nine key trends of global logistics

Logistics complexity – in the form of fragmented channels, increased product variations, and consumer demand for customized solutions – has been increasing, according to a global study published recently by BVL International, a worldwide supply chain and logistics membership organization.   “Several trends identified in the study demonstrate that a number of major challenges lie ahead as the world becomes a more complex place in which to operate logistically,” said Dr. Robert ...

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See Mexico Tequila on China’s Top Shelf

MEXICO CITY — China has finally invited Mexico to the party and is letting it bring its finest booze, ending a de facto ban on pure agave tequila.   Tequila makers are celebrating the long-awaited opening of China’s market after President Xi Jinping came here in May and, among other things, announced China would relax the restrictions that have prevented brands like Herradura, Patron, Don Julio, and José Cuervo from exporting there. The industry envisions positioning its tequila ...

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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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Growing Use of Composite Materials

Have you ever thought of starting or improving your business with Chinese or just Asian products? Well, if not, maybe you should consider it again...   China has long time been the homeland of cheap and fast produced textiles, electronics or whatever is manufactured. But now, Asia is entering another golden age... Loads of industries need new materials to develop new products. It’s the case for industries such as aeronautics, wind energy, automotive or automation industry. The new t...

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China, 3rd Highest Labor Costs in Asia

An average worker in China costs more than the average worker in any other emerging Asian economy, save Malaysia and Thailand, when considered in terms of combined salary and welfare payments, China Briefing has found.   Conducting a review of minimum labor costs, determined by the legal minimum amount stipulated in 15 different countries, and added together with the pertinent mandatory welfare payments due, it is apparent that since the introduction of the revised labor law in 2008, ...

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