Archive for December, 2005

Focus: Logistics

Saturday, December 31st, 2005

Logistics issues have been a constant challenge for businesses operating in China, and increasingly companies are seeking the help of expert service providers in order to control costs and to deal with new challenges such as thinner margins, and moves to inland provinces. It has been reported that the value of the domestic logistics […]

Shanghai Team Expands

Saturday, December 31st, 2005

Michael Wadley, one of China Business Services’ Advisory Board Members, has expanded his Shanghai legal team by taking on a new partner, Richard Kimber. Richard is a lawyer who has worked for the past 6 years in Shanghai and 13 years in Greater China. He has extensive experience in advising clients in the areas of […]

China Climbs the Value Chain

Friday, December 30th, 2005

China may still be the low-cost workshop of the world, but it is also taking on high-tech and high-value sectors, and positioning itself for future development and international competition. China became the top exporter of information and communications technology (ICT) in 2004, overtaking the US, according to the OECD. Chinas ICT trade reached US$329 billion […]

Production Vs. Profits

Thursday, December 29th, 2005

According to official reports from the National Bureau of Statistics, profits at Chinas industrial firms rose 19.4 percent to RMB1.11 trillion in the first 10 months of 2005. The top four contributors to the growth in profits were said to be the oil exploration, coal, textiles and general equipment/machinery industries. This growth may not be […]

Appointment to the 48 Group Club Committee

Wednesday, December 28th, 2005

We are delighted to announce that Jeremy Gordon, Chief Executive of China Business Services, has been appointed to the Committee of the 48 Group Club. The Club was established following a ground-breaking trade mission to China by 48 UK companies in 1954. The Icebreakers have been at the forefront of UK-China business and trade relations […]

Trade Surplus to Fall on Increased Domestic Demand & Lower Import Tariffs

Tuesday, December 27th, 2005

Chinas trade surplus is expected to fall in 2006 after hitting new highs – estimated at US$100 billion – this year, up from just US$32 billion in 2004. The government, under pressure from the US and others, plans to boost domestic consumption to increase imports, and it is thought that further appreciation of the Renminbi […]

Corporate News

Thursday, December 22nd, 2005

Recent corporate news includes: Bank of China’s likely Hong Kong listing; Bharat Forge and FAWs joint venture; Chicago Bridge’s US$140 million contract; Dalian Shipbuilding Industry Group’s launch; Disneys China film production; Microsofts deal with China Unicom; NCR’s expanding investment; Newfield’s deal with CNOOC; Siemens’ strong growth; Virgin’s continuing look for a mobile partner. See related […]

GDP Growth Receives a Boost from Beijing

Tuesday, December 20th, 2005

In a restatement of GDP growth, following a national census, China is now claiming to be the sixth largest economy (up from seventh). It may leapfrog to the number four position after publication of the 2005 figures. Reports indicate that the GDP has been raised by US$285 billion, or about 17 per cent with […]

Bird Flu Update

Wednesday, December 14th, 2005

China has reported its fifth human case of bird flu, with a case in Liaoning province, according to official reports. There have now been 25 bird flu outbreaks reported in poultry since 19 October. Millions of birds have been vaccinated (including all 320 million in Liaoning), and tens of millions more have been destroyed around […]

Two Faces of China: WTO & ASEAN

Wednesday, December 14th, 2005

Since Chinas entry to the World Trade organisation (WTO) in 2001, the country has undergone a massive reform programme at home, and has rapidly integrated into the world economy. As a major economic player, China is now the third largest trading nation – contributing 12 percent to world trade growth, and 10 percent to world […]