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China Trade Mag (Chinese Trade and Business)

This category contains 12 posts

On-line survey reports more than half all apartments empty in major cities


More than half the apartments in Beijing and Shanghai are empty, the China Daily reports, quoting an online investigation of 100 Chinese cities by news website Sina.com. Hainan rated over 70 percent empty, Beijing 66 percent and Shanghai 51 percent, based on counting the number of apartments with no lights at night time, on more … Continue reading

China to develop internet search engine in competition to Google


China’s news that it is developing its own state-run search engine is not the country’s first such project, but this time around they are supported by China Mobile Communications and Xinhua News Agency. China Mobile has the world’s largest number of mobile subscribers, guaranteeing an instant and enormous audience on the mobile front. Xinhua, China’s … Continue reading

China and Switzerland going strong after 60 years


Central Committee Political Bureau Member Liu Qi hopes hopes the 60th anniversary of diplomatic ties between China and Switzerland provides an opening for the two countries to to increase mutual political trust and assistance. Liu, speaking at a reception in Beijing, added that China sees significant value to increasing friendly relationships with Switzerland, one of … Continue reading

Chinese Vice Premier campaigns for mutual agreements with other developing countries


Chinese Vice Premier Li Keqiang has called for other developing countries to extend mutual support with China, and for countries assisted by China to work towards attaining shared benefits. The call was made in Beijing at an exhibition to showcase China’s international aid efforts, this year marking the 60th anniversary of the nation’s international aid … Continue reading

Collapse of joint China-US venture highlights need for advisory partners


The apparent collapse of the joint-venture China-US construction of the world’s largest solar power plant has underscored the perils that can be faced by foreign companies trying to break into the lucrative Chinese market. It also highlights the need for foreign companies to enlist business advisory firms with proven track records in assisting foreign companies … Continue reading

China exempts service outsourcing companies from business tax


China’s Ministry of Finance has announced on its website that it will offer an exemption from business tax for offshore service outsourcing companies, in an apparent bid to win business from India and other countries. The exemption, in place from July 1 2010 until December 31 2013, assists firms which specialize in information technology outsourcing … Continue reading

China strengthens monopoly in rare-earth minerals


Chinese state-owned Baotou Steel Rare-Earth High-Tech Co and Jiangxi Copper Corp, two of China’s largest rare-earth miners, have announced a unified pricing system, according to the China Daily. China supplies 95% of the world’s rare-earth oxides, so therefore Baotou and Jianxi will virtually control the market, good news for China as it can control use … Continue reading

Chinese officials call for intellectual property trade deficit reduction


Ministry of Commerce official Wu Guohua, speaking at the Intellectual Property Rights (IPR) Summit in Beijing, has called for the creation of indigenous brands to ease China’s disturbing intellectual property trade deficit. Wu further stated that it is crucial for China to bring into being indigenous brands, pointing to the large amounts spent on foreign … Continue reading

China quantity bubble fears as speculators leave apartments empty


A recent media story, which power companies denied, claimed that almost 65 million power meters in urban China had registered zero consumption over a six month period, which raised a theory that there are enough empty apartments in China to house 200 million people. However, the true figures will probably never be known, because there … Continue reading

Rio Tinto’s record profit aided by China’s resource demand


Mining giant Rio Tinto has posted a record first-half profit, driven by iron ore sales to China, with net earnings up 260 per cent to almost US$6.4 billion. Rio has announced plans to spend about US$13 billion over the next 18 months, displaying its confidence in Chinese demand, even though China has started the process … Continue reading

“Made in China” brands emerging in luxury goods market


Billionaire investor Warren Buffet and Microsoft founder Bill gates have revealed they are fans of Chinese suit maker Trands, and Buffet believes China is the future of fashion. Trands, based in Dalian in China’s northeast, is one of several up-and-coming Chinese brands taking on Gucci, Armani and Prada. Chinese sales of luxury goods grew by … Continue reading

Civilian high-tech projects benefit from China removing tariffs and value-added taxes


Major civilian high-tech projects will benefit from China’s decision to scrap import tariffs and value-added taxes (VAT) on key imports used in these ventures. The Ministry of Finance, Customs Department, made the announcement today, stating that the tariffs and VAT had not been imposed since July 15, and the move was designed “…to promote the … Continue reading

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Most Recent Posts Post on My Blog About China: China News

Chinese Arctic incursion spooks US lawmakers

Chinese Arctic incursion spooks US lawmakers

China is using the Arctic and seas only miles away from Alaska as a staging area to undermine U.S. national security, top lawmakers and experts say. Newly released images reveal a fleet of Chinese warships conducting operations in American waters off the coast of Alaska, prompting Coast Guard vessels to track and communicate with the […]

China declares all cryptocurrency transactions illegal

China declares all cryptocurrency transactions illegal

China intensified its crackdown on cryptocurrency on Friday, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining, the power-hungry process in which vast computer networks compete for newly created crypto tokens. Bitcoin, the world’s largest cryptocurrency, dropped as much as 7 percent, to around $41,100, on the news, but […]

China plans tax crackdown on richest entertainers, including online influencers

China plans tax crackdown on richest entertainers, including online influencers

China is set to conduct regular tax investigations into top entertainers including online influencers, promising serious punishment for offenders amid a deepening crackdown on the entertainment industry and lucrative culture of fandom. High-income celebrities who self-report offences by the end of the year, however, may receive reduced penalties or exemptions, the country’s taxation authorities said […]

Xi Jinping’s effort to return to socialism

Xi Jinping’s effort to return to socialism

For decades life in China had evolved around its home-grown version of let-it-rip capitalism. Despite being technically a “communist” country, the government had put its faith in trickle-down economics, believing that allowing some people to become extremely rich would benefit all of society by dragging it out of the disastrous quagmire of Chairman Mao’s Cultural […]

China is financing infrastructure projects around the world – many could harm nature and indigenous communities

China is financing infrastructure projects around the world – many could harm nature and indigenous communities

China is shaping the future of economic development through its Belt and Road Initiative, an ambitious multi-billion-dollar international push to better connect itself to the rest of the world through trade and infrastructure. Through this venture, China is providing over 100 countries with funding they have long sought for roads, railways, power plants, ports and […]

China’s military has an Achilles’ heel: Low troop morale

China’s military has an Achilles’ heel: Low troop morale

The Chinese Communist Party has unintentionally revealed weaknesses of the country’s military. One indication came with the building of facilities for launching new intercontinental ballistic missiles in an inland desert region. The other was a series of further attempts to increase childbirths, including measures to help reduce the costly burden of educating children. Behind these […]

Cadence Column: Asia, September 20, 2021

Cadence Column: Asia, September 20, 2021

China steps up expansion via Hong Kong elections. Seven editors are banned from Wikipedia on concerns of not acting in good faith and with relation to China. The US sails through the Taiwan Straight again, this time a destroyer. Taiwan wants more backup runways for fighter jets. Escalations only continue and no side shows any […]

China adds powerful new ship to maritime patrol fleet

China adds powerful new ship to maritime patrol fleet

China has added a new powerful ship to its fleet of maritime patrol vessels in the South China Sea, state media has reported. The 5,560-ton Hai Xun 03 was launched on Tuesday and will become the largest ocean patrol ship under the Hainan Maritime Safety Administration (MSA), the official China News Service reported, adding that […]

A lesson in political economy on investments in China

A lesson in political economy on investments in China

Paul Krugman, the eminent Nobel laureate in economics, recalls how companies are different from nations and their reasons. Business managers have different perspectives. It is economists – not managers – who place the question of foreign trade, the balance of payments and the exchange rate at the center of their reflections. Since 1989, China and […]

Are China’s climate promises just a load of hot air? (Yes!)

Are China’s climate promises just a load of hot air? (Yes!)

China is prepared to hold its cooperation on climate issues hostage to Western concessions elsewhere. Few cities in China represent the country’s addiction to coal more than Tianjin, where Alok Sharma travelled this week to talk about cooperation on climate issues. It sits on the coast of one of China’s most polluted regions, and its […]