Economy & Trade

China Market Watch: Slowing Trade Growth, and Adjustment of China’s GDP Calculation Method

Posted on by

China-market-watch

China Exports and Imports Fall in June Signalling Further Slowing Demand

China’s exports made a further decline last month, partially due to diminished demand overseas, falling by 4.8 percent from the same period last year, after falling by 4.1 percent in May. Imports were also down by 8.4 percent, after falling by 0.4 percent in May, according to the General Administration of Customs. Trade surplus reduced to US$48.1 billion in June from May’s US$50 billion. Demand from abroad is expected to remain weak, especially after the UK’s departure from the European Union. However, things may look more hopeful in the second half because of a weaker yuan and increasing demand from emerging markets.

Continue reading…

China Market Watch: Sales of Domestic Brands Excel, While China Box Office Performs Badly in Q2 2016

Posted on by

China-market-watch

China Expected to Become World’s Main Cruise Liner Market

China is already the second largest cruise liner market for Royal Caribbean International, and the company’s chief executive, Michael Bayley, has predicted that China will soon overtake the U.S. to become the world’s largest. In a bid to preempt this growing demand, Royal Caribbean International’s newest ship, Ovation of the Seas, has been stationed in China’s northern port city Tianjin. Weighing in at 168,666 tons and measuring 348 meters long, the new liner can accommodate up to 4,900 passengers and 1,500 crew, offering cruises to South Korea and Japan from RMB 700-1,300 per night. According to the cruise economy research institute of the Shanghai International Shipping Institute, China is expected to deliver 4.5 million passengers by 2020.

Continue reading…

Strength in Numbers: Opportunities in China’s Sharing Economy

Posted on by

By Cameron Turnbull

Advances in mobile technology and mobile app development have given rise to a new business model that has already had a profound effect on the transportation, e-commerce, and lodging industries. The sharing economy refers to third party online service providers that help businesses and individuals turn excess supply into revenue by linking them to consumers via various online platforms. With high levels of mobile use and a rapidly expanding consumer class, China has been quick to adapt to the sharing economy, presenting tremendous opportunities for those who embrace new technology and business models. Continue reading…

China Market Watch: Sportswear Industry and Meat Consumption

Posted on by

China-market-watch

China to Allow Foreign Firms to Issue Shares as Part of Drive to Open up Capital Markets

In a bid to open up China’s capital market and encourage the reform of the RMB convertibility, the People’s Bank of China is considering allowing foreign-invested companies to issue shares on the mainland at an unspecified time in the future. Beijing will head the scheme with reforms allowing individuals to directly invest in capital markets. The scheme will allow qualified foreign firms to issue depositary receipts, a mechanism implemented to issue shares on the local stock exchange, similar to American depositary receipts, which have been used by Chinese firms to do the same thing in the U.S.

Continue reading…

China-Israel Relations: Why the Tech Industry is Key to Bilateral Trade and Investment

Posted on by

China Israel TradeBy Alexander Chipman Koty

In March this year, China and Israel officially launched discussions for a long-rumored free trade agreement (FTA), reflecting the budding rapport between the two nations. As China and Israel become progressively more politically isolated due to their assertive geopolitical policies, the two controversial states are growing their economic and political ties closer together. Israel’s traditional economic and political partners in the U.S. and Western Europe are becoming increasingly critical of their longtime Middle Eastern ally, while China’s aggressions in the South China Sea are unnerving Pacific countries wary of the Middle Kingdom’s rise.

In light of these political realities, China and Israel are finding each other to be convenient collaborators as they seek to diversify their economic dependence and profit from each other’s comparative advantages. Israel, with its small population of about eight and a half million and world class high-tech capabilities, and China, with its immense population, manufacturing prowess, and huge capital waiting to be spent, are naturally complementary economies. Despite presenting rapidly expanding bilateral trade and investment opportunities, however, sometimes divergent political interests and persistent concerns over IP protection prevent the countries from fully embracing their burgeoning friendship.

Continue reading…

China Market Watch: Slowdown in Plastics Industry and Massive Cuts in China’s Cement Industry

Posted on by

China-market-watch

China’s Plastics Industry Hits Slowdown

China’s plastics industry has experienced a bout of slower growth, with investment into plastics machinery dropping by six percent last year, the biggest fall since the global economic recession. Despite this, the plastics industry remains a key driving force of the global industry, and by other methods of measurement, the industry is still growing. 2015 saw a 10 percent rise in demand for plastics, a figure that is 1.5 times more than GDP growth. This demand largely originates from the manufacture of cars, mobile telephones and food packaging, industries that have been requiring increasingly more plastic. China exports three times more plastics than it imports, and exports continues to grow, driven by low production costs.  Commodities such as daily use products, plastic sheeting, construction materials and packaging comprises the major categories of those exports.

Continue reading…

China Outbound: Intellectual Property Rights in ASEAN & Evaluating Modi’s India

Posted on by

In this edition of China Outbound, we focus on the evolving regulatory landscape across ASEAN nations, with expected changes for intellectual property rights in ASEAN, as well as the HR implications of Vietnam’s new criminal code. We also track India’s movements as the country signed the OECD Multilateral Competent Authority agreement to pressure multinational corporations to become more transparent in their business dealings in India. The agreement comes at a time when India is attracting more FDI than China, but concerns remain about the micro economy. We discuss the Modi government and its plans for the future of India.

Continue reading…

China Market Watch: New Cross Border e-Commerce Policies Suspended

Posted on by

China-market-watch

Confirmation of One Year Suspension of New Policies for Cross Border e-Commerce

On May 25, the Ministry of Finance (MOF) confirmed that the proposed regulatory requirements for cross border e-commerce will be granted a one year transition period. This means that before May 11, 2017, customs clearance forms will not be examined for online purchased bonded goods entering the country’s 10 pilot cities of Tianjin, Shanghai, Hangzhou, Ningbo, Zhengzhou, Guangzhou, Shenzhen, Chongqing, Fuzhou, and Pingtan. In addition, initial import licensing approval, registration, and filing requirements for cosmetics, infant formula milk powder, medical devices, special food (including healthcare food, formula food for special medical purpose), and other such products will be suspended. Furthermore, goods imported under the direct sale model to all regions of China will be temporarily exempt from the initial import licensing approval, registration, and filing requirements.

Continue reading…

Scroll to top