Archive for August, 2007

Anti-Monopoly Law Passed

Friday, August 31st, 2007

China has announced the passing of its anti-monopoly law (which will come into force on 1 August, 2008), but it is perhaps a bit too early to say what it all means. In the enlightening words Dan Harris at China Law Blog: “The big question is how this new law will impact foreign businesses that […]

Beijing Plays The Blame Game With Mattel

Thursday, August 30th, 2007

Beijing has come out fighting with regard to the massive recall of Mattel toys. The South China Morning Post reports on claims that the recall “was largely a result of its own faulty designs and not mainland production”. Those who have been attacking China for low-quality and dangerous product exports will be usefully reminded that […]

Tianjin Move Boosts Hong Kong Market

Thursday, August 30th, 2007

The stock markets in mainland China and Hong Kong have continued their frenzy, even as international markets have suffered falls in recent weeks. On Monday the South China Morning Post reported that the Hang Seng Index in Hong Kong hit a record (23,577) on news that mainlanders would be able to invest directly into the […]

HSI: Hong Kong Skyline Index

Thursday, August 30th, 2007

I have been in Hong Kong for the past couple of days and, between stock market peaks, I was interested to view the Central skyline from the vantage point of the Star Ferry’s unglamorous, but iconic, upper deck. In addition to the many (relatively) new buildings, such as the giant International Finance Centre, a more […]

“Made In China”: Managing The Backlash, Protecting The Brand

Friday, August 24th, 2007

Every day seems to bring more misery for the “Made in China” label. I have recently reported on a range of poisonous and dangerous goods from China that have resulted in corporate recalls and consumer fears. In a damage-limitation exercise, China recently appointed Vice-Premier Wu Yi to head a team to manage the crisis. Now […]

Wu Yi Means It’s Serious

Friday, August 17th, 2007

I have heard it said more than once that you know the Chinese government is taking a serious problem seriously when Vice Premier (“the iron lady”) Wu Yi is sent in to fix it (remember SARS?). So it is with product safety. According to the Wall Street Journal: “China’s decision to appoint the government’s top […]

Inflation Hits 10-Year High

Thursday, August 16th, 2007

The trade surplus and the stock market are not the only things rising in China at the moment. The FT reports that inflation has hit a 10-year high: “China’s inflation rate hit a 10-year high of 5.6 per cent in July, raising expectations of further tightening measures and increasing concerns about an eventual knock-on impact […]

Delays and Defects = Angry Customers

Thursday, August 16th, 2007

While the news around the world is currently full of complaints about Chinese-made (but foreign-branded) toys with design faults and poisonous paint, Chinese consumers are not shying away from complaining about foreign companies in China. We have seen plenty of consumer storms before (Dell, P&G and Starbucks to name a few). This time Dell is […]

Speaking of China…

Wednesday, August 15th, 2007

ChinaBiz Speakers (“China’s first professional speakers bureau”) has launched today. The brain-child of Fons Tuinstra of China Herald and ChinaBiz, the Bureau already has an impressive roster of high-profile talent. The launch press release notes: “At its start Chinabiz Speakers has a database of two-hundred speakers and its website lists close to thirty of them. […]

July’s Trade Surplus Surge

Monday, August 13th, 2007

The trade surplus continues to rise, with another hot month in July. According to Bloomberg: “China’s trade surplus surged 67 percent in July to the second-highest on record, bolstering U.S. Treasury Secretary Henry Paulson’s case for a faster appreciation of the yuan. The gap widened to $24.4 billion from $14.6 billion a year earlier, the […]