Industry exports in China are being freezing as the global recession has spread so fast. Experts warned that the situation could be worse in the future amid global financial crisis.
According to the Ministry of Commerce in a report on trade outlook, the situation will become more complicated and bring more uncertainties in 2009.
Experts forecast that the government Read more…
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Three offices will be opened in China by the US Food and Drug Administration this week to help guarantee the export safety to America. According to the office of US Health and Human Service (HHS) Secretary Mike Leavitt, the new offices are the first offices outside of the United States, and it will promote the effectiveness in protecting consumers from America and China.
Leavitt, together with Andrew Von Eschenbach, the agency’s Food and Drug Commissioner, will open the first office in Read more…
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According to a research thrown by Alibaba, 65 percent of its members have potential customers in China, while 22 percent of its members have sold their products in China. The need for some consumer goods, such as foods, high-end textiles and garments importing are increasing rapidly.
Some in the industry see a large market for import as Chinese people’s life taste become more and more internationalized. An increasing number of Chinese companies are purchasing hi-tech equipment and materials as they are trying to move the value chain. So there is a potential market in this sector. Meanwhile, many small and medium-sized foreign brands eager to get into the vast market in China, are expecting to enter China through local traders. One example is a small business which is registered on Alibaba. The company’s employees fly to South Korea to get the latest style design and later sell it to the customers in Shanghai.
Based on the trend, many China exporters shift to imports. A typical example is the experience of Liu Xuefei, a trader in Guangzhou, a southern China city. He halted his jobs of selling Chinese ceramics to Australians and Americans and shift to import wine in 2005. Liu changed his business for two reasons. Firstly, the number of rich people around him is increasing; Secondly the United States was urging Chinese yuan appreciation. And he said he majored in economics, and (based on his knowledge), he felt imports in China would be a promising business.
And his 3-year experience has proved his surmise is right. He now sells wine to Chinese who have started to appreciate the drink, which have been considered a part of Western upper-class lifestyle. For thousands of years, baijiu or white spirits has been the dominant drinking. Now China has become the fastest growing market for wine in the world. Liu’s small company sells nearly 60,000 high-end bottles to Chinese companies, including high-end restaurants, airlines and five-star hotels.
Liu is not alone, an increasing number of small and medium-sized Chinese companies have shifted to imports as China’s exporters grapple with rising costs. This phenomenon can be proved by the information proved on Alibaba’s online platform.
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The Ministry of Industry and Information Technology said on Thursday that due to technological innovation, China’s software exports surged in the first four months of this year.
In the January-April period, exports totaled $3.27 billion, up 54.9% year-on-year. And the software sector’s revenue was 193.55 billion yuan, registering an increase of 31.2%.
In 2001, China’s software exports were worth $720 million and the figure rose to $10.24 billion in the year 2007. And the sector’s income was 583.4 billion yuan in 2007, up 630% from 2001, according to the Ministry.
Last year, Chinese software accounted for 8.7% of the global industry, up from 1.5% in 2001.
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Since last year, China has carried out special campaigns against environmental-polluting companies. All the violators will find it difficult to get loans besides export opportunities. Furthermore, the worst violators would face shutdowns of more than three years, according to government statements.
On this year’s Canto Fair, or the China Import and Export Fair, companies that were placed on a blacklist by environmental regulators were banned to exhibit, which meant huge losses for these companies.
During the spring session of Canton Fair which concluded on Wednesday, a great number of companies have introduced their “green” products, ranging from appliance, furniture to decorations and toys. What’s more, products using recycled materials were especially popular.
Chen Deming, Minister of Commerce, said China would maintain strict controls on polluting and energy-wasting companies, despite a tougher export situation.
As a respond to the appeal of environmental protection, virtual assistant business is developing quickly and “cleanly”. It has become a new doing-business type around the world—saving time, space, paper and money.
Our company, BPOVIA, will also help make a greener earth, while helping your business succeed.
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Besides reliable clientele and fine quality, another reason that Cai is so confident is that his company is capable for innovation.
They have enough outstanding designers in overseas and dozens of others doing research and development. “Quite a number of our products are sold overseas carrying the Quanyu trademark,” Cai said. Read more…
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According to Guo Zhuocai, Huawei director and president of the Chenghai Toys Association, the market is to unsteady to be predictable and everything became more expensive.
90% of Huawei’s products, including remote-control toys, electronic dolls and robots are sold to overseas markets. Read more…
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