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Tagged: China

Partnership for Business Services in Guangdong

Partnership for Business Services in Guangdong

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About two years ago SMATRA Group upgraded its sourcing activities by forming a partnership in Guangdong province, China. Now a further cooperation is being set up for growing the consulting as well as the distribution business of SMATRA Group in P.R. China. A branch office in the P.R. China is currently being evaluated for providing […]

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China Business

Reduced import duties on consumer goods in China

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China reduced import duties on some consumer goods ranging from shoes to cosmetics. According to the Ministry of Finance the duties will be: cut by half on average on imports suits, fur garments and shoes reduced on cosmetics to 2% from 5% and on diapers to 2% from 7.5% China’s government targets to encourage consumer’s domestically spending. Currently: Chinese tourists travel abroad […]

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Germany Business

Haribo expanding in Chinese Market

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Haribo sweets manufacturer from Bonn, Germany planning further market activities in China by 2015. The company has plans to invest double-digit millions in order to “bring our products through a distributor in the supermarkets,” said CEO Michael Phiesel the “Business Week”. The group has already an established company in Shanghai to prepare to enter the market. Besides the opportunities […]

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Hong Kong - Asia's business centre

ASEAN-Hong Kong Free Trade Agreement

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Negotiations for a ASEAN-Hong Kong free trade agreement are underway. The future outlook for greater trade flows between the two regions are very positive. Hong Kong will benefit from the FTA as the city is a provider of trade-related services and a vital conduit of trade between China and the rest of the world. Hong Kong expects to have a free […]

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China Business

The complexity of China’s cultural differences

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Covering approximately 9.6 million square kilometres China is the second largest country by land area. The country is complex not only in its economy but there are cultural differences in China as well. Although China’s most spoken language is Mandarin (simplified Chinese: 官话; traditional Chinese: 官話; pinyin) there are more than 292 living languages in this country. This short article […]

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Hong Kong - Asia's business centre

Guangdong-Hong Kong-Macau Free Trade Zone

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The Guangdong-Hong Kong-Macau Free Trade Zone is reportedly took another hurdle by being initially approved by the central government after seeking the opinions of 28 ministries and commissions Guangdong already has three free trade zones: Qianhai near Shenzhen, bordering Hong Kong; Hengqin island in the Zhuhai special economic zone; and Nansha district of the provincial […]

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Germany Business

Renminbi Hub in Frankfurt, Germany

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Frankfurt is to become a European hub for financial transactions in the Chinese currency will give new momentum to trade between the two economic powers.  This decision was made during the first visit of Chinese President Xi Jinping. Additionally business deals between China and Germany were signed that will add to trade that was worth about 140 […]

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China Business

Chinas Wirtschaft wächst langsamer im Januar

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Chinas Wirtschaft wächst langsamer. Der Einkaufsmanagerindex von Markit und HSBC fiel im Januar um 0,9 auf 49,6 Punkte, wie eine Umfrage unter Unternehmen ergab. Eine Marke von 50 Zählern würde Wachstum signalisieren. “Hauptgrund dafür war die geringere Binnennachfrage”, sagte HSBC-Volkswirt Qu Hongbin. “Die Dynamik in der Industrie schwächt sich ab, was bereits das Wachstum der […]

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Hong Kong - Asia's business centre

Competitiveness Report Hong Kong & China

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Hong Kong snags 10th spot in global intellectual property protection ranking But here’s what it should improve more on. Hong Kong ranked 10th out of 148 economies in IP protection, according to the Global Competitiveness Report 2013-2014 published by the World Economic Forum. Here’s more from the report released in September: Hong Kong SAR further […]

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China Business

China VAT update – nationwide implementation

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In a joint circular from the Ministry of Finance (MoF) and State Administration of Tax (SAT) in their Cai Shui No 37 (circular 37) dated May 24th, 2013 on the nationwide VAT implementation of VAT Pilot program on Transportation & Modern Services Sectors, the related VAT 6% & 11% Tax policy will expanded to nationwide […]

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