Economy & Trade

Winning China Medals – The Small Entrepreneur’s Guide to China

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CDE Op-Ed Commentary

When it comes to investing in China, everybody seems to have an opinion. Blogs telling you what to do, how to think, how they did good and how you should be like them. Some sell services, some promote egos, and others tell it plain wrong. The truth is, if you think you should invest in China, then that automatically qualifies you as an entrepreneur. And that marks you out, with or without investment capital, as a winner to start with.

Only entrepreneurs really have the inherent feeling of success in their bones. Only entrepreneurs really make things happen. From Zuckenberg to Gates, the big players who shaped today’s world had ideas, not university degrees or corporate careers. So if you don’t have those either, that’s also okay. Continue reading…

State by State: China and Rhode Island Trade

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Located along the Northeast corridor of the United States, Rhode Island is a mere 180 miles from New York City. The small coastal state is known for its knowledge economy based on its elite universities and hospitals. In 2013, Rhode Island’s GDP was US$53.2 billion. The largest contributor to the state’s GDP growth was professional and business services sector. Today, Rhode Island’s industry base is dominated by healthcare, education, financial services, defense and advanced manufacturing. Continue reading…

Modi Visit to Fuel Chinese Investment into India

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By Dezan Shira & Associates
Editors: Kimberly Wright and Adam Pitman

Chinese President Xi Jinping and Indian Prime Minister Narendra Modi orchestrated more than US $22 billion in trade and economic agreements during Modi’s recent three-day visit to China. The total dwarfs the conservative US $10 billion figure that the media floated at the start of Modi’s trip to China. How did they do it?

It’s not because Xi and Modi are friends. Despite smiling faces in the now infamous selfie, their countries are locked in territorial disputes across their shared border – which has led to competition between the counties in the South China Sea and Indian Ocean – and remain at-odds over their respective diplomatic and economic plans for Asia.

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The New Free Trade Zones Explained, Part III: Tianjin

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705px-China_Tianjin.svgBy Kimberly Wright

In April, three new Free Trade Zones (FTZs) were officially implemented in Tianjin, Guangdong and Fujian, joining Shanghai to bring the total number of FTZs in China up to four. As a growing hub for manufacturing and shipping, Tianjin’s new FTZ has the potential to transform the landscape for development and foreign investment practices in Northern China. 

Tianjin, a municipal-level city located a mere 40-minute train ride from Beijing, has witnessed significant economic growth in recent years.  Tianjin’s GDP increased 10 percent in 2014 to reach 250 billion USD (RMB 1.572 trillion) and it is predicted to soon surpass Hong Kong in economic output. It has the biggest port in Northern China and development zones like the Binhai New Area and the Tianjin Economic-Development Area (TEDA) have positioned the city as an attractive site for investment. Major industries include manufacturing, pharmaceuticals, metallurgy and shipping. A total number of 139 Fortune 500 multinational companies made investment in the Binhai New Area in 2014, with a value of exports and imports at US$93.83 billion.

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State by State: China and Texas Trade

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If Texas were a country, it would have the 14th largest economy in the world. With a GDP of US$1.414 trillion, the Lone Star state would be vying with South Korea to be ranked 13th, leaving Spain and neighboring Mexico at a respectable distance. 

Texas has been the American state with the highest volume of exports for 13 consecutive years. Again in 2014, Texas led American exports, totaling US$289 billion. The state boasts 16 sea ports, three of which rank in the country’s top ten busiest. As part of the Gulf Intracoastal Waterway that runs from Brownsville, Texas, to St. Marks, Florida, the state covers 67 percent of the U.S. waterborne traffic.

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China’s President Xi to India Prime Minister Modi: “Here’s My Shopping List”

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Op/Ed by Chris Devonshire-Ellis

With Indian Prime Minister Modi visiting China from May 14 for a couple of days, much remains on the agenda between the two Asian giants. International media might concentrate on border disputes, although these really have only been a relatively recent development. China may now appear rather more flexible in attempting to settle these differences than has previously been the case. The reason for this has everything to do with China’s own demographic developments. 

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Hong Kong’s Business Environment & Costs Compared with Singapore

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China-SG-HKOp/Ed by Chris Devonshire-Ellis

Part Seven in our series comparing ASEAN business costs with China

Singapore is the de facto financial and services hub for ASEAN, and as a city state with such a remit it is more pertinent to compare the dynamics of Singapore with Hong Kong rather than China as a whole. The two cities compete with each other – yet how do they stack up when compared? 

In fact, since Hong Kong’s return to mainland China in 1997, its positioning as a services hub has retrenched from Asia to being almost exclusively the gateway to mainland China, and a bridge between China and Taiwan. Singapore meanwhile has forged ahead with its ASEAN ties, and has become a regional hub for the bloc, meaning that today a clear distinction can be drawn between the markets they serve. Although a little simplistic, the general rule of thumb that Hong Kong services the mainland, and Singapore ASEAN, contains much truth, and particularly so when one realizes that Hong Kong is not included in the China-ASEAN Free Trade Agreement although negotiations are now underwayContinue reading…

State by State: China and Minnesota Trade

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Known as the “Land of 10,000 Lakes,” Minnesota is the second northernmost state in the U.S. In 2013, the state’s real GDP reached US$312 billion, up 2.8 percent from the previous year and significantly outpacing the 1.9 percent national increase. Major industries in Minnesota include medical devices, biomedical technology, renewable energy, environmental technologies, agribusiness and financial and insurance services.

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