A top government think-tank warned that China is likely to suffer from the rising trade  protectionism against the backdrop of the worsening financial crisis.

In accordance with the report by the Development Research Center of the State Council, China will become the main objective of trade protectionism, and this behavior will make the exporting environment worse in China.

The nation’s export sector Read more…

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China, crisis, economy, export, import, protectionism, trade

The provincial government of Guangdong opened a website the day before yesterday aiming to provide the Guangdong companies which are engaged in foreign trade with useful information.

Wan Qingliang, Vice-Governor, said that the website www.gd218.org.cn will function as an effective tool for the businesses in Guangdong at the lunch ceremony. It will report the messages Read more…

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China, economy, export, Guangdong, import, traders, website

Economist are aroused by puzzle and anxiety bought by the tremendous drop in import and export in January, which did not even stop declining during the Spring Festival.

Compared with the last year, the General Administration of Customs figures, Read more…

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China, decline, drop, economy, export, impact, import

The Ministry of Commerce showed its worry on its website yesterday of the thorny issue resulting from India’s practice of limiting the imports from China. It also made the suggestion that India should take a second thought about this action.

It’s reported by the Ministry that India took its stand mainly in three aspects. In the first place, seventeen trade remedy survey have been launched by the Indian government on products imported from China since October 2008. The total amount of all the products Read more…

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chance, China, economy, import, India, toy

Last week, the highest standards of food of imports, exports and domestic consumption have been unveiled by the government.

According to the senior officials, in order to check imports from the United States strictly, China will send food and drug quality control officials to the country—as US FDA has opened its offices in China.

The government plans to build three State-level food safety committees Read more…

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China, FDA, food, import, safety, standard, U.S.

Some of the overseas companies badly hurt by the financial crisis may be bought by PetroChina, Asia’s biggest oil and gas producer for which to increase its capacity and meet rising domestic demand.

According to Jiang Jiemin, the company’s chairman at a shareholders meeting yesterday, the feasibility of acquiring some overseas resources companies badly influenced by the global crisis is still being discussed.

“Now the low share prices of some global resources companies provide Read more…

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crisis, financial, gas, import, PetroChina

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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China, export, import, increase, shift

According to statistics released by the China Association of Automobile Manufacturers, China imported 103,200 vehicles in the first quarter this year, a 74.54% increase year on year.

A total of 28,534 off-road vehicles with 3.0-liter engines or above, with an average unit price of $40,900, were imported in the first quarter, soaring 262.57% compared with the same period in the previous year.

In addition, the country also imported 16,624 cars with 3.0-liter engines or above during the period, up 75.28% year on year. The average unit price reached a higher $57,900. Imports of luxury auto brands such as Lexus, Mercedes-Benz, BMW, Volkswagen, Volvo and the latecomer Infiniti, increased a sharp 82% in the first quarter.

“Buying imported vehicles as a second option is a growing trend among affluent people,” said Xu Di, director of marketing department at China Automobile Trading Co Ltd.

In terms of sales, a Guangzhou-based Audi dealership witnessed a 230% year-on-year sales growth in the first quarter. Huang Weiwen, marketing director of the distributor, pointed out the luxury car market is slightly affected by economic depression and high-end consumers’ consumption temptation is also not very seriously impacted by the gloomy stock and property markets.

For businessmen around the globe, China, with the strong purchasing power of consumers, means a huge potential market to tap. To facilitate your businesses in the country, BPOVIA Ltd is always ready to provide you with the most professional services in consultation and virtual assistants.

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auto, BPOVIA, China, import

Due to strong domestic demands, China’s motor vehicle imports soared sharply in the first two months of this year.

From January to February, China imported 62,000 motor vehicles for $2.26 billion, up 82.6% and 93.4% respectively compared with the same period of last year. The growth rates were respectively 63.9 percentage points and 80.8 percentage points higher. In February alone, the imports were 33,000 vehicles, up 130%, the highest growth rate since January 2007.

Foreign-funded companies took up 67.4%, or 42,000 vehicles, of the country’s total imports in the first two months. And wholly-owned foreign firms imported 35,000 vehicles, up 96.5%.

Off-road vehicles made up for 50 percent, or 31,000 units, of the total imports, up 140 percent, while cars accounted for 39.6%, or 25,000 units, up 45.6 %.

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China, import, motor vehicle