Other Briefings
China Overtakes France to Become Largest Consumer of Red Wine
SHANGHAI – China’s overall consumption of red wine has reached 1.865 billion bottles per year, overtaking France to become the largest consumer of red wine globally, according to figures released last week. The numbers come from a study commissioned by wine and spirits trade association Vinexpo, and carried out by the independent London-based research firm, […]
Chinese Outbound Tourist Numbers To Double By 2020
Jan. 21 – CLSA, the CITIC-owned Asian investment and brokerage advisory firm, issued a report on Monday which estimated that the number of mainland Chinese outbound tourists will double from 100 million in 2013 to 200 million by 2020. As a result, tourist spending is expected to triple, from about RMB500 billion to some RMB1.4 trillion during the […]
China Vehicle Sales Reach 22 million Units in 2013
First nation to report over 20 million units sold Jan. 20 – China became the first country to sell in excess of 20 million auto units last year, with nearly 22 million passenger and commercial vehicles being sold in the country over that time. This figure represented a 14 percent increase over 2012, and was […]
The State of Domestic Coffee Production in China
In a nation of avid tea drinkers, coffee continues to gain ground. By Nathan Barlow Oct. 22 – Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many […]
Coffee Trading in China
In a nation of avid tea drinkers, coffee continues to gain ground. By Nathan Barlow Oct. 18 – Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many […]
Certifications for Imported Goods in China
China has various inspection and certification requirements for imported goods. Chinese product certification standards are to a large extent aligned with the European International Standards Organization and American Standard Test Methods. However, China has independent applications for testing procedures that must be conducted in a licensed Chinese laboratory. The certification processes are not more expensive than elsewhere, but are very time consuming.
China Passes U.S. to Become World’s Top Oil Importer
By Edward Barbour-Lacey Oct. 16 – According to the U.S. Energy Information Administration, last month China imported more oil than any other country in the world, including the United States. China had to import 6.30 million more barrels of oil than it produced domestically, while the United States only imported 6.24 million barrels. China’s new […]
China Clarifies Pre-Tax Deductions for R&D Expenses of Resident Enterprises
China released “Circular on Relevant Issues Concerning the Pre-Tax Deduction of Research and Development Expenses” on September 29, which is retroactively effective from January 1, 2013. Detailed information can be found here.
