Archive for May, 2006

A Good Environment – for Business

Wednesday, May 31st, 2006

China’s industrial development has been good for business, but not for the environment. However, it may be good for the environmental business, according to recent reports on wastewater, environmental impact assessments and recycling. Examples of environmental problems abound (see here for just one of them “Dirty Business in Harbin”), and many are related to China’s […]

Chinese Statistics. Go Figure!

Sunday, May 28th, 2006

I have often noted that statistics in China, while useful, are things to be wary of. The recent saga of Ernst & Young (see here) and last year’s re-statement of GDP (see here) are just two examples. More are provided by InvestHK, in their report “The Greater Pearl River Delta”. Firstly they note that the […]

Bank of China Banks US$9.73 Billion

Friday, May 26th, 2006

The Bank of China, one of China’s big four banks, raised HS$75.43 billion (US$9.73 billion) this week as it became the latest Chinese firm to list in Hong Kong in what was the world’s biggest IPO since 2000. Another big Chinese bank, the Industrial and Commercial Bank of China (ICBC) is expected to follow suit […]

IPOs are On Again

Friday, May 26th, 2006

After a year of inaction, while the tricky problem of what to do with around US$250 billion of non-traded state shares was given some more consideration, the Chinese markets are again open for business and IPOs are expected again soon. The move has been prompted by recent progress on reforms. These, as reported by BusinessWeek, […]

Foreign Profits Pass US$200 Billion

Friday, May 26th, 2006

I recently wrote about companies making money in China (“Is Anyone Making Money in China?”), and listed several local and foreign companies that were doing very well (and one or two who were not). Now the Chinese Ministry of Commerce has reported (in a fit of PR fever?) that foreign companies in China have accumulated […]

Foreign Mobiles in the Majority

Wednesday, May 24th, 2006

Foreign mobile handsets now have market share of over 60 percent in China’s buoyant market – which had over 416 million users at the last count. Xinhua reports: “Nearly 25 million mobile phones were sold in the Chinese market in the first quarter, up 15.3 percent from the previous year and the sales revenue also […]

Competition Could Squash the “Berries”

Wednesday, May 24th, 2006

The BlackBerry / RedBerry saga has been well covered here and elsewhere (see “Blackberry Sees Red(Berry), More Messy IPR”), and has provided some good entertainment or IPR lawyers and mere mortals alike. However, a new challenge to both services is in the pipeline. A subsidiary of Lenovo (of IBM PC fame), Lenovo Chinaweal System & […]

Local Consumers (and Foreign Retailers) on Spending Spree

Tuesday, May 23rd, 2006

The Chinese consumer remains a favorite business topic (and book subject: see “Billions”, a “Billion Customers” etc.), and the latest news is that retail sales rose 13.6 percent in April (and 13 percent for the first four months of the year), year-on-year, to RMB578 billion (US$72 billion). This follows growth of 12 percent last year, […]

Trade Risk: Online Supplier Fraud

Friday, May 19th, 2006

Further to our posts on payment risk (here) and dodgy samples (here) our expert, Kurt De Haan, now looks at how due diligence and pre-shipment inspections can help reduce the risks in China… Some online China suppliers are just unlicensed individuals operating from a home computer waiting to take your payment and run! Every month […]

How to Outsell “The Da Vinci Code” in China

Friday, May 19th, 2006

While many people mull over how to sell to a billion Chinese consumers (or not, as explored in this post), some clever English educators are “Just Doing It”… They are responsible for the “New Standard English” textbooks that have sold 105 million copies in China (outselling Dan Brown by two to one). The books were […]