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Tagged: Economy

Hong Kong - Asia's business centre

Strong Growth for Hong Kong’s Economy

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Hong Kong’s economy grew by 4.3% in the first quarter of 2017. This is the fastest pace in six years. Retail sales, in nominal terms, dropped by 1.3% year-on-year in January-March 2017. The adjusted unemployment rate was at 3.2% and consumer prices grew by 0.5% in the same period. A strong growth could be observed […]

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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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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

Free-Trade Zone Shanghai – Reforming China’s Economy

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China’s government keep changing the market and the Free-Trade Zone in Shanghai has been hailed as potentially the boldest reform in decades [Reuters,29.09.2013]. Some other business papers mentioned that China is testing a loser grip on its economy [The Wall Street Journal, 27.09.2013] Commerce Minister Gao Hucheng said that the FTZ marks an important step […]

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China Business

A critical point of view on China’s growth

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The P.R. China has been the manufacturing base for the world in the recent decades but at what costs? According to the World Health Organisation Chinas air pollution ranks worldwide on place 13 in the Annual PM10 Air Quality Index (PM10 represents particles in the air that are considered as pollution) with a PM10 of […]

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China & Switzerland Free-Trade Agreement

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China has signed the framework of a free-trade agreement with Switzerland. Bilateral trade between the two countries is worth US$ 26bn through imports and exports of watches, medicines, textiles and dairy products. China is Switzerland’s third biggest trading partner after the European Union and America, with exports to China of watches, pharmaceuticals and machinery amounting […]

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China, Japan & South Korea Free Trade Agreement

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Washington’s Trans-Pacific Partnership (TPP) exclude so far China. Now Beijing is keen to counter the US initiative with a trilateral free trade agreement including Japan and South Korea. China, Japan and South Korea are now the largest, second-largest and fourth-largest economies in Asia, with trade volume between them totalling US$690 billion in 2011. According to […]

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China invests in Nepal – gateway to India

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China’s growing economic influence in Nepal becomes obvious due to increasing investments in Nepal’s infrastructure. Like the US$1.6 billion hydropower plant to stabilize the electricity supply in the region or the 22-kilometre stretch of road in central Nepal creating the shortest motorable overland route between China and India show the strategic importance of Nepal for […]

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Freihandelszone ShanghaiShanghai Free-Trade ZoneShanghai Free-Trade Zone

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Shanghai baut auf!Shanghai plans to start realising its plan to be come a free trade zone so that goods can be imported, processed and re-exported without the intervention of customs authorities. The government of Shanghai wants to attract 150 more multinationals to set up their regional headquarters by 2018 in the metropolis. Depending on the […]

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