fi surances andindustrial trading companies,in- the leadingbanks, Shanghai; amongthem Lugano, Beijingand Chapters inGeneva, Chamber andofthe To W Ex. andalsoonthe In printapprox. 1’200 Circulation: of Commerce Chinese Chamber Bulletin oftheSwiss- Quarterly Information Publication: Impressum /4August15 2/04 Deadline fornext issue: Chamber ofCommerce at theSwiss-Chinese Conditions available Advertising: www.werkzwei-konstanz.de T P. K Print +Medien w Printing: W e-mail: [email protected] / 01 Fax T Switzerland CH-8008 Zurich Höschgasse 83 ber ofCommerce Swiss-Chinese Cham- V P Managing Director Susan Horváth, Responsible Editors: China. land, Europeand Commerce inSwitzer- leading Chambersof ment Departments, ganisations, Govern- Switzerland CH-8280 Kreuzlingen el. 0049/7531/999-1850 l 1/413 88 38 421 / 01 el. aul Wyss, r ice President onstanz GmbH erk zwei O. ebsite. ebsite: www.sccc.ch ms. ToOr- Trade theMembersof Box 2171 2 889 38 421 nBif18–19 21 17–18 15–17 14–15 12 Y 11 Swiss-Chinese Trade /First2004 Quarter 8 V In Brief Recent Foreign Investments /Joint Ventures Economy 8–10 fromLegal Chapter Report fromGenevaReport Chapter 6–7 Chapter Reports New Appointments 2003 Swiss-Chinese Trade Rede desBotschaftersanderGeneralversammlung New Chinese Ambassador Diplomatic Relations General Assembly, New Members Chamber News Editorial Board oftheChamberanditsChapters Contents w.wsif.r 32–33 34–36 28 30 Mt. Rigi–“Queen oftheMountains” 27–28 www.swissinfo.org News fromMembers V RecentDevelopments Arbitration inChina: New Packing Rules&Requirements The New SwissRulesofInternational Arbitration Legal Matters nteDlaRgo cnmcStain22–27 angtse DeltaRegion –EconomicSituation rossotNw 19–20 News arious short rossotNw 30–31 News arious short 2–3 5

1 CONTENTS 2 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE BOARD hmsP van Berkel Thomas P. Marco Suter P Stirnemann Kurt E. Dr. ri .Senn Erwin A. ErwinSchurtenberger Dr. W P lxnr .Jetzer Alexandre F. Nicolas Pictet Ozendo Pierre L. BeatKrähenmann Dr. BeatIn-Albon Dr. Maurice Altermatt Board: UliSigg Dr. Members: Honorary Theobald Dr. Tsoe ZiuBrun Members: Fr Secretary: P V Christen DanielV. Dr. Tr Jörg Wolle Dr. President: Executive Committee: Board oftheSwiss-ChineseChamberCommerce Bernard Büschi Tr Gérald Béroud Secretary: Maître Philippe Knupfer Clivaz Marcel Ch. V Christen DanielV. Dr. President: Geneva Chapter Marc Ronca Dr. Marc Ronca Dr. EstherNägeli Dr. Kurt Moser Dr. Susan Horváth rn .Furrer Bruno W. P Alfred Gremli Garrett O. Michael W. Richard Friedl Dr. Markus Eichenberger Ester Crameri Lore Buscher trG Sulzer eter G. trR Schmid eter R. eter Huwyler aul Wyss ice President: ice Presidents: olfgang Schmidt-Soelch anziska Tschudi easurer/Vice President: easurer: Zurich Managing DirectorSenior Advisor, CenterofCreditSuisseGroup, Corporate CEO, DKSHHoldingLtd.,Zurich President, Nitrex Ltd.,Zurich Zurich UBS AG, Chief CreditOfficer, MemberoftheGroupManagingBoard, Zurich W Head ofMarket Group2(incl.Chinadesk), Chairman oftheExecutiveChairman Committee ofGeorg Fischer AG, Schaffhausen W CEO, T-Link ManagementLtd. Swiss former Ambassador toChina,Minusio CEO, Wicor Holding AG, Rapperswil Erlenbach Pa Member oftheExecutive Board, SwissReGroup,Zurich Director, F. Hoffmann-La RocheLtd.,Basle NovartisBasle AG, Member oftheBoardDirectors, V Zürcher Kantonalbank,Zurich Banking,MemberoftheBoard,Head International himn enr üci&Ce,S A.,Geneva Büschi&Cie., S. Bernard Chairman, Director andfounder, SinOptic,Lausanne M.,HSCBRepublic, GenevaLawyer, LL. President, SwissHotel Association, Crans-Montana Hilterfingen F Head ofExternal Affairs Department, P Swiss former Ambassador toChina,Mauensee Attorney-at-Law, Partner, Schellenberg Wittmer, Zurich,Geneva M.,Partner,Attorney-at-Law, KPMGLegal, Zurich LL. Directorofeconomiesuisse(VORORT)Küsnacht, former Managing DirectorofChamber Attorney-at-Law, studiolegale enotarile,Lugano Brun Hilterfingen Managing Director, CreditSuisseGroup,Zurich Executive A., Vevey Vice President,NestléS. Consultant,Zurich CEO, Furrer BFBruno V Head RouteDevelopment, NaturalLtd.,Glattbrugg Sprüngli AG,Confiserie Zurich F Hong Kong Trade Development Council(HKTDC) Regional Director, Europe, Central&Eastern ederation oftheSwiss Watch Industry, Biel ast PresidentofChamber, Zurich rankfurt amMain,Germany rankfurt ice President,LonzaLtd.,Basle ice President, ABB Switzerland, Baden orldwide Transportation Engineering,Freienbach interthur Group, interthur Winterthur r tner, Pictet&Cie.,Geneva J Nicolas Pictet Müller Irmgard L. Amy QihongLi J Maître PhilippeKnupfer Chairperson: Legal ChapterGeneva EstherNägeli Dr. Chairperson: Legal ChapterZurich W Xujing Chen Erich Bär Executive CommitteeMembers: Theobald Dr. Tsoe ZiuBrun Chairperson: Lugano Chapter Christophe Borer Board: Y André Uebersax ean-Nicolas Thalmann ean-Luc Vincent afei Zhang alter Landolt hn +41-1-4213888 Fa Phone CH-8008 Zurich Höschgasse 83 Swiss-Chinese ChamberofCommerce in Switzerland: Here forYou hn +41-22-3102710 Fa Phone CH-1211 Genève 3Rive Case postale3135 Dr. Jörg Wolle Rue du Vieux-Collège 8 [email protected] Chambre deCommerce Suisse-Chine President W E-mail hn +41-91-913 3911 Fa Phone CH-6901 Lugano Case postale5251 V Dr. Daniel V. StudioLegale eNotarile c/o Brun Christen Camera diCommercio Svizzera-Cina Monday–Friday, [email protected] h 9.00–11.30 President hours Office W E-mail [email protected] Brun Dr.Ziu TheobaldTsoe Chairperson E-mail ia Ariosto 6 ia Ariosto biewww.sccc.ch ebsite biewww.sinoptic.ch/scccgeneva/ ebsite x x x +41-1-421 3889 +41-22-310 3710 +41-91-913 3914 F Director, Chambrefribourgeoise duCommerce,del’IndustrieetdesServices, Attorney-at-Law, Lugano Pa Director, Beau-Rivage Palace, Lausanne CreditSuisse,GenevaNégoce International, Director, O. P. I. (Office delaPromotionIndustrielle),Geneva P. I.(Office Director, O. Assistant dedirection,ShanghaiOverseas, Geneva ayr L M.,HSCBRepublic, GenevaLawyer, LL. M.,Partner,Attorney-at-Law, KPMGFides, Zurich LL. Manager, Nestlé(China)Ltd.,Beijing/Lugano President, Agie Ltd.,Losone Attorney-at-Law andNotary, BRUN Studiolegale enotarile,Lugano Pa President, Salon International desInventionsPresident, SalonInternational deGenève ribourg r r tner, Pictet&Cie.,Geneva tenaire, LémanCapitalSA,Genève hn +41-1-2493007 Fa Phone c/o KPMGLegal, Zurich Legal ChapterZurich hn +861064322020 Fa Phone Swiss ChineseChamberofCommerce Beijing in China: hn +41-22-7055632 Fa Phone [email protected] c/o HSCBRepublic, Geneva Dr. EstherNägeli Legal ChapterGeneva Chairperson E-mail hn +86-21-62761171 Fa Cyrill Eltschinger Phone [email protected] ChineseChamberofCommerce Shanghai President W E-mail hipro MaîtrePhilippeKnupfer Chairperson rsdn RenZhanbing [email protected] President W E-mail biewww.bei.swisscham.org ebsite biewww.sha.swisscham.org ebsite x x x x +41-1-249 23 +86 1064323030 +41-21-734 2213 +86-21-6276 0856

3 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE BOARD www.dksh.com establishedin Japan 1865 established inthePhilippines 1887 In 2002thethree businessesmerged tocreate DKSH. establishedinSingapore 1887 W ventured toAsiaandbuiltflourishingtrading houses. One andahalfcenturiesago,three pioneering Swiss Proud ofOurSwissRoots • Servicingourbusinesspartnerswith10offices inHongKong • DKSHestablishedinChinaandHongKongsince1902 • Networkofover240businesslocationsin35countries • 16,600specialisedstaff covering48nationalities • Total salesexceedingUSD4billion and DistributionGroup inAsia. DKSH istheNo.1Marketing,Services lemHirc itemEwr no elrHermann Siber-Hegner EdwardAntonKeller ilhelm HeinrichDiethelm Healthcare andTechnology and 48offices inChinafocusingonConsumerGoods,

DiethelmKellerSiberHegner V P suggest majorheadachesonthehorizonforeconomy. halfofthe1990sisstillstrong,andChina’sheady days ofthefirst leadersarevigilanttoindicatorsthat The vigorousdebateisgoingonwithinthegovernment andamongeconomists. ofthe The memory the percapitaincomeofurbanresidentsrose9.8%. oftheyear. quarter Over incomeroseanannualized9.2%inthefirst thesameperiod Chinese farmers’ inflows intheexpectation of aninevitable appreciationofthe yuan. because investors arelooking forhigherinterestrates. wouldThese inturn attractyet moreforeigncapital The centralbankhasalsotriedtoabsorbextra liquidityby sellingbonds,which isgettingdifficult Bank alsoraisedtheinterestrateitcharges banks. to industrialsectorssuchassteel,cars,cement,aluminiumandproperty. InlateMarch,thePeople’s requirements,thecentralbankandgovernmentreserve have bankstocurbnew instructed lending moneytoo fast, andcreditgrowing tooquickly, andinflationpressuresrising.” Besidesincreasingbank’s China’s centralbankgovernor gave assessmentoftherisks:“Investment agrim demandisexpanding andothercosts forbusinessesarerising. material prices,transport gr The NationalBureauofStatisticsdeclaredthescaleinvestments assetswas toolarge infixed and March. surged 42%.Banklendingexpanded alsogained43%.Imports 43% andexports by 21%intheyear to Industrial productionrose19.4%inMarchfromayear earlier. Investments assetsincreased infixed increased 7.1%. with 2003. The consumerpriceindex rose2.8%,comparedwith0.5%in2003. The foodpriceindex to theNationalBureauofStatistics,China’s of2004compared economy quarter grew by 9.7%inthefirst There isagrowing aseriousthreatfrominflation. faces debateinChinawhether thecountry According aul Wyss ice President o wth was toofast. Fundsaid:“Therearesignsofoverheating”. Monetary The International Raw Inflation LoominginChina

5 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE EDITORIAL 6 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE CHAMBER NEWS General Assembly cut down toaminimummany years ago(head-countin of Chinaasagrowing economicpower. ment ofourChamberreflectsthepotentialandchallenge tinuous membership-decline,themembership-develop- jority ofotherbilateralChamberswho suffer fromacon- market. Comparedtothema- yet difficult and important, of theoverall recognition ofChinaasarapidly growing crease of20%. This development ispartially alsothesign doubled comparedtolastyear, reflectinganoverall in- Switzerland, thenumberofnew membershasalmost budgeted (almost40%smallerlossthananticipated). 8’878 which isregrettable, however, much betterthan come andexpenditure closedwithanetlossofCHF inZurich. the office The consolidatedstatementofin- and slow-down causedby SARSandtheforcedmove of but withachallengingeconomicclimate,theuncertainty f sembly. The consolidatedaccountsoverall reflectthedif- asannouncedatlastyear’spresent adeficit General As- tivity theaccountsandthisyear’s report, budget. General Assembly, which unanimously approved theac- the activities inChina during 2003. economic relations, on Asia andOceania,who reported Anne-Pascale KrauerMüller, HeadofDivision bilateral of Economic Affairs (seco),theChamberwelcomed Ms (see alsopage8inthisissue).From theStateSecretariat Republic of ChinainSwitzerland, H.E.ZhuBangzao speaker oftheday thenew Ambassador ofthePeople’s w General MeetingonMay 25thinZurich. The Chamber Over sixtymembersand guests attendedthe Annual Dear Members,dearReaders icult pastyear withoutamajorprojectcreatingincome, as privileged towelcome asguestofhonourand On theotherhand, resourcesoftheChamberhave been Regarding thedevelopment ofmembershipsin inarow,After sixyears ofprofit theChamber hadto Chamber President,Dr. Jörg Wolle, ledthroughthe closed from July 12thuntil August 6th2004. oftheChamberinZurichwillbe The offices Summer Vacation Managing Director, MemberoftheExecutive Board Susan Horvath and/or throughtheirMembership. intheBoard,support intheactivities oftheChamber to thedevelopment oftheChamber, bethisthrough their and would alsolike tothankthosewho have contributed ter ofCreditSuisseGroup,Zurich. Managing DirectorSenior Cen- Advisor attheCorporate ing Director, CreditSuisseGrouphave resigned. tee andPast Presidentaswell as Alfred Gremli,Manag- Changes intheBoardwere approved asfollows: Geneva ChapterandtheLegal ChapterinZurich. forSwissandChinesecompanies. opportunities the Chamberandpotentialgeneratedforinvestment be provided inview characterof oftheinherentservice they absorbabout20%ofthe timeresourcesandhave to vices which rarely generateincome ornew members. Yet, China have alsoledtoanincreaseofgeneral(public) ser- visibility oftheChamberanddynamicdevelopment of with market prices. The strongmembership,enhanced Zurich 1.8,Geneva costswent 0.4),whereas fixed up The Chambergives awarm welcome toMr. Schmid Newly electedtotheBoardhasbeenPeter R.Schmid, Dr. Manfred Zobl, MemberoftheExecutive Commit- fromthe detailedreports In thisissueyou alsofind [email protected] Mail hn +41(0)413710663 Fa Phone CH-6044 Udligenswil /Switzerland . O P. R to thepublishing company: Please direct yourenquiriesdirectly titled toalimitednumberoffreecopies. Swiss-Chinese ChamberofCommerceareen- visiting Swisscompanies.Membersofthe travel andmajorevents. information of interest. Also included arefeaturesongeneral lights themajorcities,touristregions andplaces informative materialaboutSwitzerlandandhigh- throughout andinahandy Itcontains A-5 format. most upmarket guideofitskind. the touristtradeinChinaandisconsideredas lication. Ithasachieved highpopularityamongst leading Tour Operatorsaredistributingthepub- terested inSwitzerland.Switzerland Tourism and free andtargeted atChinesetravelling to,orin- bution sincemid April 2004. The publication is new andupdatededition hasbeenoutfordistri- Published annually, timein1998,the thefirst in Chinese Visitor GuideVIEWSWITZERLAND UCKSTUHL MEDIAPROMOTION The guideisavaluable handoutforChinese The publication comesinglossypaper, colour x Box 11 +41 (0)413710355 oadBre GZurich Effretikon Zurich Zurich Roland Berger AG Expomobilia AG Bern Flüelen Natalie Matthäus IBI Bank AG Hausena/A Zurich Arendt &MoosGmbH Consulvia AG Robby Hausegger Oberriet Crowe +Co. Zurich AG Bern Zug Management Atkinson Stuart AG Thalwil Swiss EngineeringSTV Unterägeri Berg Symphony Consult Jansen AG Hämmerli &Co. ALPHASEM AG Vitznau Otto Steuri Schwerzen- Zurich Chinese UnioninZurich(CUZ) Basel Induflame Oertli AG Pfäffi- Uster Rigi Bahnen Luzern FR. SAUTER A.G. Uster Technologies AG Delimpex AG Ivo B. Scala Zurich 2004: Since January New Members bach k on/SZ T aa 'ceS Thônex Genève Fe KA-VAN ManagementSA Caran d'AcheSA Nyon Manno M. etMmeJean-LouisGaleazzi Geneva Silvio Tarchini V Lugano St.Gallen Küsnacht/ZH L. Kellenberger &Co. AG St.Gallen AirLoc Schrepfer AG GmbH Proftech International Sevelen Door Systems T Turgi Thales Broadcast&Multimedia Zurich Schoeller Textil AG Euras MediaEuropeGmbH W es GChavornay Châtel-St-Denis Genève Laurastar (Suisse)SA Gemsa AG Hôtel Intercontinental Y oSNZurich ao SUN niS Bulle endi SA RA uoai Bülach ORMAX Automatic c rs ALugano SA eco Trust l etcigrA Zurich alo Bertschinger AG rt

T usItrainlGenève ours International

7 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE CHAMBER NEWS 8 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE DIPLOMATIC RELATIONS Chinese Chamber ofCommercemeinenherzlichen Dank ich imNamenderChinesischen BotschaftderSwiss- zwischen ChinaundderSchweiz. Gleichzeitigmöchte insbesondere indenHandels-und Wirtschaftsbeziehungen Protagonisten indenfreundschaftlichen Beziehungen, der Schweiz zukönnen.Siesinddie kennen lernen Commerce teilnehmenunddie anwesenden Freunde aus Generalversammlung derSwiss-ChineseChamberof Freude, an derdiesjährigen Es istmireinegrosse 04 AmbassadortoSwitzerland Ambassadorto Tunisia andPalestine 2004– ofInformation Director-General oftheDepartment 2001–2003 Counselor, ofInformation DeputyDirector-General oftheDepartment 1998–2001 Counselor, Minister-Counselor oftheChineseEmbassyinBelgium 1997–1998 Director, of CounseloroftheDepartment West European Affairs 1996–1997 oftheChineseEmbassyinParis First Secretary 1992–1996 DeputyDirector, of oftheDepartment First Secretary Translation 1988–1992 StudyingattheNational Administration School,France 1986–1988 Staff, Third Secretary, of DeputyDirectoroftheDepartment Translation 1985–1986 StudyingatGeneva University StudyingatBeijingForeign LanguageInstitute 1979–1985 Teacher atNanjingForeign LanguageSchool 1977–1979 1973–1977 1971–1973 inJiangsuProvinceZhu Bangzao,born ofChina,in August 1952,married. New ChineseAmbassador May 24 Assembly oftheSwiss-ChineseChamberCommerce, Ambassador ZhuBangzao, heldatthisyear’s General F Rede desChinesischenBotschafters, HerrnZhuBangzao or thesakeofclarity, thespeech ofHisExcellency, th in Zurich, ispresented inGerman. of the Ministry ofForeignof theMinistry Affairs ofForeignof theMinistry Affairs ofForeignof theMinistry Affairs ofForeignof theMinistry Affairs ofForeignof theMinistry Affairs (MFA) Ambassador ofthePeople’s Republic ofChinatoSwitzerland H. E.ZHUBangzao F der BemühungenzurFörderung für ihreunermüdlichen Export und US$ 2,7 Mia. auf den Import. und US$2,7Mia.aufden Import. Export Viele US$800Mio.auf denchinesischen entfielen Darunter China undderSchweiz US$3,5Mia.imJahre 2003. dasHandelsvolumenStatistiken zwischen zufolgebetrug in der zweitgrösste Handelspartner Asien. Chinesischen rapide Entwicklung.Chinaistfür dieSchweiz nachJapan China undderSchweiz erfuhrenindenletztenJahreneine Die Wirtschafts- undHandelsbeziehungenzwischen Wirtschaftsbeziehungen Schweiz-China reundschaft zwischen den beiden Ländern aussprechen. reundschaft zwischendenbeidenLändern angesiedelt. schweizerischen sindimKüstengebiet Unternehmen Billionen. Um das Ziel zu erreichen, benötigenwireine Billionen. Umdas Zielzuerreichen, Dasentspricht US$4 inlandsprodukt zuvervierfachen. W eineGesellschaftmitbescheidenem Jahrhunderts Ziel festgesetzt,indenersten 20Jahrendieses werden.Anstrengungen unternommen Wir habendas W zuverwirklichen undeine Um dieModernisierung riesigen Bevölkerung undschwachen Ausgangsbasis. der es immernocheinEntwicklungslandaufgrund Obwohl ChinabeträchtlicheErfolgeerzielthat,bleibt Chinas ZieleundHerausforderungen investiert.US$ 1,1Mia.inmehrals160Ländern Bis Ende2003habendiechinesischenUnternehmen unterstützen auchchinesischeInvestitionen im Ausland. Investitionsvolumen US$515,5Mia. Wir und ermutigen dasverwirklichte ausländische dieses Jahresbetrug sind bereitsinChinaangesiedelt. Von 1978bisMärz in der transnationalenUnternehmen Welt500 grössten attraktivsten Investitionsstandorte der Welt. 400von den Eigentums wirdverstärkt. Chinaistinzwischeneinerder absehbares Umfeldzuschaffen. DerSchutzdesgeistigen Investoren wurdenergriffen, umeingerechtesund erweitert. MassnahmenzuGunstenderausländischen aufgehoben. Dieeröffneten Gebietewerden ständig meisten nicht-tarifärenHandelshemmnissewurden v allseitig seine Verpflichtungen. DerGesamtzolltarifist dem Beitrittzur WTO verfolgt Chinastriktund Herkunftsländer der Welt sein. T Mal dieGrenzenüberschritten.NachSchätzungder World 2003habendiechinesischen eingeführt. Touristen 20Mio. 2001 bis2003hatChina Waren im Wert von US$1Billion der Importeur Welt.Damit istChinaderdrittgrösste Von istjährlichum15%gestiegen. Der chinesischeImport Autoproduzent unddrittgrösste Autokonsument der Welt. sind HighlightsdesKonsums. Chinaistderviertgrösste Immobilien, Auto, Elektronik,ReiseundKommunikation Kaufkraft derBevölkerung habensicherheblich erhöht. W zustande gekommen. Diejährlichedurchschnittliche angenommen undeinallseitigesÖffnungsgefüge ist hatersteGestalt sozialistische Marktwirtschaftssystem Chinas Wirtschaft einerdynamischenEntwicklung.Das undÖffnungspolitikSeit derReform 1978erfreutsich Die ÖffnungspolitikträgtersteFrüchte Fa undDienstleistungsind Industrie, Nahrungsmittel Chemie,Maschinenbau,Elek Pharmaindustrie, v der schweizerischen Firmen genehmigt.Das mitKapitalbeteiligung 613 Projektevon Unternehmen Bis Ende2003hatdiechinesischeRe schweizerische habeninChinaFussgefasst. Unternehmen erwirklichte Investitionsvolumen US$1,9Mia. betrug on 15,3%imJahre2001auf10,4%gesunken. Die ourism Organisation wirdChina eines dergrössten achstumsrate betrug 9,4%.DieLebensqualitätund achstumsrate betrug ohlstand zu gründen undbis2020dasBrutto- ohlstand zugründen ohlstandsgesellschaft aufzubauen, müssenweitere v Der chinesischeMarktisteinoffener Markt.Seit oriten beidenInvestitionsbranchen unddiemeisten gierung insgesamt gierung tronische –U – – schwierig. erweist undMitarbeitern sichals lokalen Partnern betreffenden Gesetzen nichtaus;3.DieSuchenach k und unterschiedlichenkulturellenHintergründe Geldmittel; 2. dergeographischen Distanz Aufgrund Die Gründedafür:1.Siesindkleinundbesitzenwenig Schwierigkeiten im Vergleich zu Grossunternehmen. aufgrössere Erschliessung neuerMärktehäufig Exportwirtschaft. Allerdings stossensiebeider wird demschweizerischen Tourismus Chancenbringen. T Destinationfürchinesische Die Schweiz istoffizielle eineFiliale inBeijingeröffnet. Rückversicherungsfirma Swiss Rehatalsersteausländische Foreign InstitutionalInvestor»«Qualified zuinvestieren. um aufdemchinesischenRenminbi-Aktienmarktals eine dererstenausländischenBanken dieLizenzerworben, und Maschinen.ImDienstleistungsbereichhatUBSals Marktfürschweizerischedrittgrösste elektronischeGeräte schweizerische um109%.Chinaistder Uhrenexport Absatzmarkt fürschweizerische Uhren.2003stieg der F Markt. HeutesindSchindler, Nestlé,RocheundGeorge gewisses Chinaistfürsieeinwichtiger Ausmass erreicht. schweizerischen habenbereitsein Grossunternehmen gegenseitig gutergänzen. DieInvestitionen von T entwickeltes Land undfederführendin Wirtschaft und Markt.DieSchweizArbeitskräfte undeinengrossen istein Entwicklungslandundverfügt überzahlreiche das grösste zwischen ChinaundderSchweiz aussichtsreich.Chinaist W Chancen fürSchweizerUnternehmen Umwelt. Gesellschaft, MenschundNatursowie Schutzder Entwicklungzwischen harmonische Wirtschaft und Gleichzeitiglegen wirviel lanciert. Wert aufeine Belebung deraltenIndustriebaseninNordostchina hatChinadie«Going-West-Strategy»Darum und Entwicklung indenverschiedenen Regionen zurFolge. Die GrösseChinashateineungleichmässige allseitige ausgewogene undnachhaltigeEntwicklung. echnologie. Diebeiden Volkswirtschaften könnensich ennen siesichmitdemchinesischenMarktundden ouristen. Diewachsende Zahlderchinesischen Touristen ischer bekannteNameninChina.Chinaisteinwichtiger erfen wireinenBlickindieZukunft,istKooperation man sichaufdemMarktetablieren. Märkte. Nurwenn kann manschnelldaraufreagiert, Der Aufschwung von Chinas Wirtschaft bietetneue Stärke nicht. ihrer wirtschaftlichen schweizerischen Investitionen inChinaentspricht Gesamthandelsvolumen der aus.DerUmfang macht abereinenkleinen Anteil andemjeweiligen Das bilateraleHandelsvolumen wächstzwar schnell, pflegen stetsguteBeziehungen. T inderschweizerischenDie KMUsinddasRückgrat rotzdem birgt dieKooperation insichvielPotenzial: nd einganzwichtigerPunkt:China unddieSchweiz (Fortsetzung nächste Seite)

9 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE DIPLOMATIC RELATIONS 10 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE DIPLOMATIC RELATIONS Wi tungs- undHandelskammerderSchanghaiMinhang arbeit zwischenderFreiburgischen Industrie-,Dienstleis- KMU istdasSwissCenterSchanghai,inZusammen- schweizerischen Investoren sicherlichbeeindruckt. Leidenschafthabendie und dievon ihnendemonstrierte Ihre Vorstellung überdenjeweiligen Investitionsstandort v v undBehördensindhilfsbereit.Dieszeigtsich Regierung Risikokapital. «Asean-China Investment Fund»denKMUals Fond»Ausserdem dienender«Start-up vom secoundder Marktes ab. Erhatbisher9Projektemitfinanziert. Jointventure beiderErschliessung deschinesischen F Der Fund»insLebengerufen. «Sino-Swiss Partnership Staatssekretariat für Wirtschaft (seco)imJahr1998den haben dieChinaStateDevelopment Bankunddas Schwierigkeiten zubewältigen, Um diefinanziellen her. auch, derDuft Winterblume kommt von derKälte selber erleben. Aller istschwer,Anfang abermansagt v den chinesischenMarkt einsetzen, sichdurch 1. Schweizerische solltensichaktiv Unternehmen für folgende Vorschläge: Um dieZusammenarbeitzuverstärken, hätteich V Wi T Dienstleistungsbereich wieBanken, Versicherung, erweiteterUnternehmen; Marktzugang,insbesondereim F ausländische Investitionen veröffentlicht. Esumfasst denKatalogRegierung überdieprioritärenBranchenfür sicherlich davon profitieren. leistungen einengutenRufinChinaundkönnen ihrem Know-how unddenausgezeichnetenDienst- Dieschweizerischenzu fassen. KMUgeniessenmit effekt. Eshilftihnen,auf demchinesischenMarktFuss undbildendamiteinenSynergie-sammen vertreten zu- KMUsinddort Dienstleistungen. Erfolgreiche eineReihevon und mittelständischenUnternehmen eingeführt. Patentschutz undMarkenschutzgesetz Urheberrecht, w soziale Leistung.Nachden der Anforderungen WTO technologische Innovation, Markterschliessungund den Perspektiven Firmengründung, Finanzierung, ist inKraftgetreten.DerStaatunterstütztdieKMUvon Jointventure aufgehoben.DasKMU-Förderungsgesetz Anteil derausländischenBeteiligunganeinem wurdendieBeschränkungenfürden Unternehmen einiger fürdie Wirtschaft relevanten Branchenund den ZugangderInvestitionen wirddurchgeführt. Ausser undtransparentePolitikeinheitliche standardisierte für on chinesischenProvinzen undStädteninderSchweiz. or allemindenzahlreichenInvestitionskonferenzen erschiedene Kanäle darüber informieren unddenMarkt erschiedene Kanäledarüberinformieren onds zieltaufdieUnterstützungderSino-Swiss olgendes: Inländer-Behandlung fürausländische elecom, Transport, Handel, Tourismus,Buchhaltung, elecom, Transport, orschläge füreineverstärkteZusammenarbeit erden dasneue Aussenhandelsgesetz, dasGesetzüber Ein MusterbeispielfürdieKooperation zwischenden dieschweizerischenChina begrüsst Investitionen. Die In derrechtlichenHinsichthatdiechinesische r r tschaftszone. Esbietetdenneueintretendenklein- tschaftsprüfung undRechtsberatung.Eine Wi Ausserdem gibtesindenStädtenundProvinzen Zusammenarbeit mitihnenisteineguteInitiative. Die Bedeutung. Siesindflexibel undlernbereit. gesammeltundgewinnen immermehran Erfahrungen vorhanden. Siehabenerste Gemeindeunternehmen sind bereitszahlreicheprivate undDorf-sowie 4. DieKooperationsformen könnenflexibel sein.InChina ein «win-winDeal»verwirklicht werden. Erhöhung der Technologie. DurchZusammenarbeitkann bemühensichgeradeauchumdie Unternehmen und dergutenQualitätProdukte.Diechinesischen der schweizerischen liegt imKnow-how Unternehmen Bereich undinderForschung &Entwicklung.DieStärke 3. Intensivierung derZusammenarbeitimHigh-Tech- eingehen. Fragen können wirgemeinsamaufdieinteressierten Durch rechtzeitigenundregelmässigen Austausch beiderLänder. zwischenUnternehmen Informationen Handelsabteilung derChinesischenBotschaftvermittelt und Handelskammerspielenaucheineaktive Rolle.Die v schweizerischen ReisennachChina, Unternehmen Chamber ofCommerce.Sieorganisieren fürdie Swiss BusinessHubs,SOFIsowie dieSwiss-Chinese v sollten dieZusammenarbeitintensivieren. DieSchweiz undInstitutionen Handelskammern 2. DieRegierungen, V Erfolg. Commerce gebotenhat,undichwünscheIhnenviel Gelegenheit, welche mirdieSwiss-ChineseChamberof gewinnen können.NochmalsherzlichenDankfürdie Anstrengungen bestimmteinebrillanteZukunft Ich binüberzeugt,dasswirdurchgemeinsame wird zumErfolginChinabeitragen. k P v besitzt relativ und komplette Industriegrundlagen Bedingungen alsindenKüstengebieten.Nordostchina h.günstigere von Supra-Inländerbehandlung,d. Art im bieten dieRegierungen Westen denInvestoren eine T High-Tech Bereichsowie inderEntwicklung des Infrastruktur, desUmweltschutzes, derBeratungundim Im Nordostchinas tatkräftigfort. Aufbau der und dieBelebungderaltenIndustriestandorte w berücksichtigt auchdiealtenIndustriestandorte sondern der Ostenalsauch Westen undnichtnurdieneuen, 5. Beider Auswahl derInvestitionsorte solltensowohl ausländische Investoren. für Mit günstigenBedingungenbietensieeinePlattform eranstalten Seminareusw. DiechinesischeRegierung erfügt überkomplette Wirtschaftsorgane wiedieosec, erfügt bisheutenochüberindustrielleForschungs- und onzentrieren sich dort. DieRessourcenauszunutzen, onzentrieren sichdort. ersonalvorteile. DieUniversitätenersonalvorteile. undHochschulen ourismus bestehteinhoherBedarf.Darüberhinaus ielen Dank. erden. Chinasetztgeradedie«Going-West-Strategy» r tschaftszonen, Technoparks undZollverschlusszonen. Swiss-Chinese Trade 2003(Quarter1–4) od i.CF±CF hr i.CF±CF Share CHF% ± Mio.CHF Share CHF% ± Mio.CHF Goods Comparison tothesameperiodlastyear /Share:Shareofgoodsintradewithcountry (in Mio.CHF) – Electrical machinery andelectronics – Electricalmachinery machines,Computers – Office – Householdappliances machines – Agricultural – Industrialmachinery electronics apparatus, Machinery, – ofmetal Articles metals – Non-ferrous – Ironandsteel Metals andmetalproducts glass ceramics, Construction materials, pharmaceuticals Chemicals, plastics rubber, Leather, P Te Energy carriers Agricultural products T Other goods W – Mechanicalmeasuring,testing, controlequipment andappliances – Medicalinstruments – Surveying instruments photo – Opticalinstruments, Precision instruments – Vessels – Aircraft andspacecraft – Railway vehicles – Road-vehicles V – Defenceequipment pr ae rdcs printedmatter paper products, aper, ehicles otal selected – Packaging and filling machines – Packaging andfilling – Filtering and purifyingmachines – Food processingequipment – Textilemachines – Printingandpapermachinery – Weldingmachines – Handheldtools – Othermachinery – Machine-toolsforwood, cork,etc. – Plastics-,Rubbermachinery – Machine-toolsformineralmaterials – Machine-toolsmetalworking – Liftingandhandlingequipment – Processengineering,heating,coolingequip. etc. – Pumps,compressors,fans, engineering – Machinery machinery – Construction – Enginesnon-electrical – Spareparts vehicles – Specialpurpose ofgoods – transport ofpersons – transport – Electricandelectronicarticles – Telecommunications – Power generation,electricmotors – Householdmachines electronics – Entertainment atches tls pae,shoes apparel, xtiles, .6, 59100235990100,0 9,0 2.395,9 100,0 15,9 2.369,7 xotEpr xotIpr motImport Import Import Export Export Export .4, 224, 912, 2,5 22,9 2,6 59,1 24,1 31,0 31,6 43,9 63,2 577,0 22,2 46,3 59,3 1.040,1 20,2 11,4 1.096,7 1.404,6 9, 0, , 9, , 8,0 4,0 3,5 190,8 8,3 14,6 82,9 109,3 197,2 7,3 34,0 171,8 3,7 17,2 7,0 89,4 19,1 8,7 168,4 -27,3 12,2 0,1 206,6 0,1 -13,4 -5,3 289,0 19,2 0,2 1,3 1,8 50,4 0,2 15,2 5,3 4,2 45,4 18,3 -1,8 4,8 359,5 3,7 100,7 15,3 6,4 114,2 19,4 152,6 10,9 -2,2 260,3 15,5 15,9 367,9 35-81062150410,5 0,9 0,4 0,2 0,2 2,2 251,5 27,0 49,1 21,0 17,0 0,6 8,0 4,8 4,5 3,5 52,6 -18,1 2,0 13,5 0,9 23,3 0,8 39,6 83,6 255,4 47,2 -3,9 0,9 21,1 19,9 8,4 1,6 1,7 21,0 70,2 -4,9 0,5 38,7 40,3 0,0 -81,8 0,2 1,6 1,8 0,0 11,4 0,3 18,3 25,5 126,4 34,0 81,5 0,3 38,9 -4,3 5,1 43,5 0,0 0,9 6,2 0,5 0,6 -38,1 0,4 0,0 1,2 0,7 360,9 0,0 22,7 10,7 57,0 0,1 14,5 348,3 93,7 0,4 -87,8 0,7 10,2 0,4 0,1 29,2 0,1 17,5 49,9 -36,3 0,2 2,8 44,3 1,7 9,4 16,9 0,8 8,8 – 1,2 -34,5 54,1 2,0 0,3 5,9 39,6 4,1 4,0 19,7 12,3 -4,4 -9,0 46,3 27,7 6,3 86,3 2,1 46,8 1,1 140,6 8,3 96,9 42,4 5,6 -12,1 12,5 3,5 151,2 0,4 0,6 49,6 25,3 3,4 26,4 19,4 4,2 20,3 19,9 134,8 2,4 0,5 83,0 0,3 10,7 13,8 21,1 1,4 -16,5 632,2 99,4 99,7 0,6 57,7 10,7 0,0 1,5 68,7 0,5 32,6 35,3 13,1 34,9 4,9 12,2 , 1000007990,0 0,0 0,1 0,0 0,0 9,9 0,1 -30,3 1,9 – 0,7 -60,4 0,3 0,6 18,1 0,5 0,8 3,4 0,0 2,1 0,0 0,0 17,7 0,0 14,6 0,3 0,1 14,0 -100,0 0,0 0,1 -99,1 19,5 -21,6 0,0 733,0 0,6 58,3 0,1 0,0 7,2 – 80,7 0,2 1,5 2,6 6,3 2,0 -31,3 0,0 0,0 60,2 5,6 3,8 0,2 8,1 101,3 3,7 -0,2 150,5 16,3 61,3 12,0 0,3 133,2 0,2 0,0 194,5 0,1 -35,8 0,2 0,5 88,4 4,3 -40,3 1,0 0,1 -25,2 39,4 2,5 3,6 11,2 -30,4 1,6 0,2 0,0 0,3 41,0 – 5,1 -45,2 6,7 0,1 0,1 0,3 161,9 39,3 2,2 7,0 0,1 0,0 117,2 170,7 2,9 0,6 0,0 185,1 0,2 Source: swissmem&Eidg. Zollverwaltung 11 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE DIPLOMATIC RELATIONS 12 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE DIPLOMATIC RELATIONS Edgar Dörig,citizenof Appenzell, was on20 born at theSwissEmbassyinBeijing New HeadoftheEconomicandCommercialSection (5 years) andason(3years). ofadaughter also holdingSwisscitizenship and father toaJapanese edge ofItalianandSpanish.He ismarried F mothertongue,speaks English, Edgar Dörig,ofGerman litical, cultural,environmental and humanrightsissues. promoted tothepositionofaCounsellor dealingwithpo- posted attheSwissEmbassyinBrasiliawhere hewas P Section forEnvironmental Affairs attheDepartment’s Embassy ofSwitzerlandinBangkok. Switzerland withtheUnitedNationsinGeneva andthe received diplomatictrainingatthePermanent Mission of ing theFederal ofForeign Department Affairs in1996he ing withEuropeanlaw issues. andintegration After join- w EdgarDörig the Federal ofJusticeinBern. Office the newly extended Division forInternational Affairs at followedCommission inBrussels beforehetookajobin 1991. Diplôme desHautesEtudesEuropéennes(D.H.E.E.) in /Belgiumwhere EdgarDörigobtainedthe in Bruges zons andEuropeanLaw StudiesattheCollege ofEurope St. GallenUniversity forwiderhori- preparedtheground tugal andcollaboratinginalegal researchprogramme at 1989. Working asatourguideforKuoni Travel inPor- v studied onesemesterattheLaw Faculty ofFribourg Uni- University ofSt.Gallen(HSG)Law Faculty. Healso with theSwiss Army heenrolledinautumn1984atthe tonsschule St.Gallenin1983andafterspendingayear and sister. Having atKan- obtainedtheMaturadegree spent hischildhoodtogether withhisyounger brother 1964 inOberbueren,CantonofSt.Gallen,where he ersity and graduated aslic.iur.ersity andgraduated in HSG(Masterdegree) olitical Directorate. At theendof2000EdgarDörigwas rench andPortuguese andhasagoodworking knowl- orked from 1992 until 1996 as a scientific officer deal- officer orked from1992until1996asascientific F oftheEuropean withtheLegal Service An internship rom 1998to2000heworked asadeputyheadofthe th July E-mail: [email protected] F +861065322736-38 Phone: P Beijing 100600 Sanlitun Dongwujie3 Embassy ofSwitzerland Head oftheEconomicandCommercialSection Counsellor Edgar Doerig Chamber. of Switzerland andalsowiththeBeijingchapter ofthe years ofhighest commitment inBeijingattheEmbassy the UnitedNationsinNew York afterthree andahalf transferred tothePermanent MissionofSwitzerland with October 2003.Hereplaces Jürg Lauberwho hasbeen F Olympics projects. mitments andseeksmassive foreigninvestment forthe roleinensuringthat Chinareachesit’smary WTO com- W tween China’s seaboardandtheCentral Eastern pragmatic needsofChina’s developing wealth gapbe- to accomplishmuchwhile stillrecognizing themore of China’s Foreign Investment andtobeable Reforms, pect thisduotohave trackingsome amajorimpactinfast side hismoreflamboyant sidecanbetempered. We ex- enced Vice Minister ofCommerce,Mr. An Minby his most marketing savvy ofthemall–butwiththeexperi- especially aswithinthe upperleadershipheisby the far ment. Like many ofChina’s politicianshehashiscritics, of Liaoning,andpriortothat,Mayor ofDalian. cently promotedfrom his previous positionasGovernor The new Ministerfor Commerce isMr. BoXiLai,re- New MinisterforCommerce Bo XiLai– at [email protected] Chris Devonshire-Ellis, SeniorPartner, Dezan Shira & Associates Edgar takenuphispositionon27 Dörighasofficially x +861065324353 ax: or furtherinformation, pleasecontact: eople’s Republic ofChina estern regions, while carrying outMOFCOM’s regions, whileestern carrying pri- Mr. pro-Western Boischarismaticandvery invest- th Danzas. More Danzas.

Danzas, global leader in air and ocean freight, DHL Worldwide Express, global leader in air express, and Deutsche Post Euro Express, European leader in parcel delivery have joined together under the name DHL to create a new standard in express delivery, freight and logistics. The new DHL offers you more performance, more service and more options in more than 220 countries. To find out more about what we can do for you, visit us at www.dhl.ch 14 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE CHAPTER REPORTS Swiss Ministry ofForeignSwiss Ministry Affairs. The Boardwould like Hagmann, lefttheChapterfor the Asia Division ofthe cocktail. Asie, andUnionBancairePrivée sponsoredtheensuing withSinOpticandthe partnership Association Genève- ing morethan80. This event was againorganised in anaudiencecount- proach tothesubject,hefascinated tiny refreshingly ofChina”.Inhisvery different ap- Richemond inGeneva totalkaboutthe“EconomicDes- Roth, gave usthehonoursinDecemberatHotel tion Genève-Asie. with SinOpticandthe Chapter inpartnership Associa- gious panelexperts. This event was organised by our mated discussionsbetween theattendeesandpresti- presentations were followed by ani- very The panelists’ vices Co.LtdinShanghaiandProf.BillFischer ofIMD. Mr Ser- PresidentofGSNProperty Andreas Ermann, Guidetti, theNumber2atSwissEmbassyinBeijing, Swiss Federal forPublic Health, Minister Office Alain ofEpidemicandInfectiousDiseasesthe partment Dr. med.DanielKoch, Headof Vaccination atthede- bers. Closeto100guestsfollowed thepresentationsof Rivage Palace inLausanne,oneofouresteemedmem- wasLessons Learnt” heldatthebeautifulHotelBeau- Impact, ExperiencesMadeinChinaandSwitzerland, conference dedicatedtothetopicof“TheSARSCrisis: tained dynamism. sustainabilityandsus- in 2003hasattainedfinancial tomembers,theGenevaering tangible Chapter benefits tant toignore,partly becauseofthenew strategy deliv- joined, partly duetoChina’s economy beingtooimpor- itself: As morenew members thanever initshistory ofitsdedicatedeffort torejuvenate andinvigouratefruits surprises. The Geneva the toharvest Chapterstarted China islike aPandora’s box fullofpleasantandother Geneva Chapter, even consideringthatany given year in The year 2003 hasbeenanotherexceptional year forthe Report 2003fromGenevaChapter During theyear, ourExecutive Secretary, MrPierre The SwissConsulGeneralinShanghai,Dr. HansJ. After our Annual General Assembly inearly May, abig ev membersaware ofthenumerous make eachothers’ of adensenetwork oflike-minded organisations that in any previous years, astheGeneva Chapterisnow part number ofevents onChinathey were invited tojoinas members. torespondtheneedsofour time asthey areconfirmed Both events willbescheduledagainatanappropriate for thepanelwillingtodivulge thetradesecretsthey use. tential audience,butunfortunately notenoughpresenters interestamongthepo- nance withChinafoundagreat be held. tradefi- And theplannedseminaronstructured the economy ofFrench speakingSwitzerlandcouldnot SwitzerlandinChina”and encounter between “Official had tobecancelledduringtheyear: DuetoSARS,the Tw ant way ofcooperation. g retariat sinceSeptember2003andtheBoardismost theChapter’s time.MrQuesnelhasrun eduction part sec- the University ofGeneva andpursuesapost-graduate hisstudiesinsinology at Rémi Quesnel,who finished fessional aswell asprivate future.HissuccessorisMr retariat inGeneva andwishhimallthebest for hispro- during two exciting years ofchangeatthe Chapter’s sec- to thankMrHagmannforhisexcellent work performed Geneva Chapterthereforehas reviewed its strategy and with andeconomicactivities inChina. The Board ofthe prises thatmightoccurwitha negative impactontrade the Geneva Chapter isstillvulnerable toany bad sur- turnover ofaroundCHF50’000 without thickreserves, y in moreintensemarketing activities which would gobe- ready. Attracting moremembersmightmeanengaging Switzerland thisisprobably closetothepotentialal- comprise 92paying members but forFrench speaking situation ofthemoment. The Geneva Chaptermay only tious enoughtolookaheadratherthanrejoiceinthecosy the Chapterandthanksallmembersfortheirsupport. pleased thatitsefforts have hadsuchapositive effect on namism. The BoardoftheGeneva Chapterismost f since 2001. This iswhy the Geneva Chapterin2003has andthushavebeen diversified increasedby about50% it isequally thatthesourcesofincomehave important membership-income 38%. encouraging,but This isvery 2001, thenumberofmembershasincreased67%and in 2001,theresultshave satisfactory. beenvery Since this new strategy was developed andthenimplemented and thelimitedresourcesofGeneva Chapter. Since fered tomembersandnon-memberstheexact needs of athirdpillar: To of- ofservices readjusttheportfolio of events ofinteresttothem”. This new strategy consists w less events itself,butevents that make animpact,andto inally attained financial sustainabilityandsustaineddy- inally attainedfinancial ond thelimitedresourcesavailable. And with annual rateful to him for his dedicated support andmostpleas- rateful tohimforhisdedicatedsupport ork inanetwork tooffer ourmembersahighamount Nevertheless, lastyear offered ourmembersthesame The BoardoftheGeneva Chapter, however, isalsocau- This isentirely inlinewithourstrategy “toorganise ents constantly beingheld inthisnetwork. o events originally scheduledfor2003,unfortunately please turn to the Chapter or the office inZurich. totheChapteroroffice please turn lows foreigners enhancedaccessfor importsand invest- compared withChina’s WTO accessionconcessions al- Agreement, which startingfrom January 1,2004and K as adoortoChina,in2003Mainland ChinaandHong der tofurthersupportHongKong andpromote itsrole outbreak hadbeenlargely overcome inJune 2003.Inor- national Forum onChineseBusinessLawaftertheSARS and even managed tohosttheplanned4.Zurich Inter- riod theLegal Chaptermaintaineditsregular activities e 2003 itbecamedoubtfulaswhether scheduled China unexpectedly hitbytheSARSoutbreak in2003. Inspring further boostChina’s economicdevelopment, Chinawas While WTO implementationstepswere anticipatedto Highlights 2003 Legal Chapter Geneva. the Annual General Assembly, onMay, 14,2004in “Franchir la Versoix” andpresenteditontheoccasionof nomic sphere. The Boardcallsthisnew strategy and tomake new friendsinthepoliticalaswell aseco- thosenew themesofinterestandrelevance,land tofind and deepintothesixFrench speakingcantonsofSwitzer- lead theGeneva Chapteroutsidethecitywalls ofGeneva, proposes toembarkuponanew strategic trackthatwill vents couldinfactbeheld. Throughout pe- thisdifficult ong entered intotheCloserEconomicPartnership F or adetailedGeneral Assembly documentation, Swiss-Chinese ChamberofCommerce Dr. Daniel V. Christen Geneva Chapter President Fo last meetingin2003was concludedby anupdateonthis. sincethelastmeeting,Legal Chapter’sAgreement the Mainland/HongKong CloserEconomicPartnership W e pants provided valuable inputregarding themembers’ 2004. planned tobeestablished inJanuary The partici- Business Association, presentedthisnew chamber w w ment. Ontheevent ofNovember 19,2003,MarcRonca, the prerequisitestobemetforqualifyingunderagree- advantages forforeign tradeandinvestment aswell as Hong Kong CloserEconomicPartnership its Agreement, introduction ofthebasicframework oftheMainland/ ofthemeetingbyNägeli concludedthetechnicalpart an MOFTEC intoMOCandcompetitionlaw issues.Esther v Law, alsogave anoverview ofthemostrecentlegal de- W v environmentregulatory alsoprovides restrictionsonin- tape alsoexists inSwitzerlandandthatthisareathe schaftsspital inBeijing. The presentationshowed thatred oftheChina-Japan Freund- Department the International change Programme andtheMedicalCooperationwith felden aswell asfortheInternational Academic Ex- agement oftheChinese-Swiss TCM KlinikinRhein- presented by Fred Fan, who was responsible fortheman- ditional ChineseMedicineProjectsinSwitzerlandwere 20, 2003,experiences made by theestablishment of Tra- suggested by theparticipants. At itsmeetingof August Davy Process Technology andpossible solutions were case studywas presentedby Marcel Widmer, President V son totheUnitedStatesandE.U. by ChristophJ. China’s WTO membership,were discussedincompari- sues, which willbecomeincreasingly under important the secondmeetingonMay 7,2003,anti-dumpingis- sector. services on thedevelopment inthefinancial At nent Missiontothe WTO, who gave insightinformation Services, Textiles and Accessions ofthePRC’s Perma- ter welcomed ZhangLiping,CounselorintheSectionof meetingonFebruary 5,2003,theLegal Chap- At itsfirst Agreement. Mainland /HongKong CloserEconomicPartnership eign investors intoChinabytakingadvantage ofthe East Asia region aswell asonenhancedaccessfor for- SARS onthedevelopment of Chinaandtheentire South- cused on WTO implementationissues,theimpactof K ments incertainindustriestoChina,ifthey useaHong perts onChinatradeandinvestmentperts law. asa Itserved in doingbusinesswithChina to meetwithleadingex- to thosemembersofthebusiness communityinterested and KPMGLegal. The seminaroffered anopportunity BusinessLawInternational oftheUniversity ofZurich Chinese ChamberofCommerce,theLL.M.Programme xpectation ofsuchnew organisation andits structure. elopments with a focus on the restructuring of elopments withafocusontherestructuring estment fromChinaintoSwitzerland. At thismeeting aucher, Attorney-at-Law, LL.M.Moreover, amember’s ong company which meetscertaincriteria. as thepromoterofestablishing theSwiss-HongKong ho originally when actingastheChamber’s President enbin Wei, Attorney-at-Law,and WuJun, Attorney-at- The year’s key event was the4.ZurichInternational As aconsequencetheLegal Chapter’s activitiesfo- ith moredetailedregulations having beenpublished on r um onChineseBusinessLaw jointly hostedwiththe (continued onnext page) 15 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE CHAPTER REPORTS 16 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE CHAPTER REPORTS  Homepage: www.t-link.ch      
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Container stuffingandlashing Support forLetterofcreditbusiness Warehousing +41 (0)1–8506777 +41 (0)1–8220032 +41 (0)55–4106566 e-mail: [email protected] e-mail: [email protected] Industriestrasse 139/CH–8155Niederhasli/ZH P.O. Box166/CH–8800Duebendorf1/ZH Kirchstrasse 42/CH–8807 Freienbach Faehrhuettenstrasse 1/CH–9477 Truebbach/SG The efficientexportpackagingcompany, The efficientexportpackagingcompany, Worldwide TransportationEngineering, established 1990 established 1990 established 2003     +41(0)1–8506900

+41 (0)1–8220082 +41 (0)55–4157801 +41 (0)81–7402903   -VCI -VCI become anactive memberoftheLegal Chapter. ev of themeetingschangethroughoutyear, sothat speeches andhostingevents attheiroffices. The venues ing increasingly represented atthemeetings,giving basisandalsodoChinarelatedwork,international by be- thatwork onan bysupported leadingZurichlaw firms’ development inChina. The Legal Chapterwas strongly practical casesintoitsdiscussionsofandevents onlegal Chapter alsoachieved itsgoaltoincludeChina-related pating attheLegal Chapter’s events. In2003theLegal f Chapter by presenting their casesandproblems they may bers arewelcome tojoinintotheactivities oftheLegal organising events andseminars. The Chamber’s mem- ganised withuniversities inChinaandSwitzerland, by established itsactivitiesother sideitfurther jointly or- onthelegal developmentsformation inChina,andonthe memberswith in- side itaimedtoprovide thechambers’ oftheChamberanditsmembers.Onone the benefit tem amonglawyers engagedinChinarelatedprojectsfor the understandingofChina’sfurther laws andlegal sys- of Law, University ofHongKong. by the Southeast Asia EconomiesandtheImpactofSARS”, Attorney-at-Law, LL.M.,“TheImpactof China’s Riseon Nägeli, “Law of /Competition”byAntitrust Wenbin Wei, “New forM&AinChina”by Opportunities Esther by nology Transfer: China’s WTO ImplementationEfforts”, New forForeign Investors” and“Foreign Trade and Tech- way.in aninformal The presentationsincluded“What’s allowed problems toaddresstheircurrent theparticipants time frameoftheluncheon/questiondiscussionpart theirinvestmentcles andtostructure adequately. The changeshavepact regulatory on their investment vehi- torecognizealso aimedatenabling participants theim- and businessissuesinrelationtoChinainvestment. It for updating knowledgeforum andfordiscussinglegal legal advice, the services providedlegal advice,theservices need tobepaidfor. ev toassistthemembers. Where, how-contact issufficient ing provided. Oftenareferenceortheestablishing ofa ofuptoonehourarebe- tained. Inthiscontext services eral assessmentoftheirsituation freeofcostwas main- China. assistmemberswithagen- The policy tofirstly legal issuesencountered intheirinvestment projectsin tinued toassisttheChamber’s membersindealingwith Over theyear, membersoftheLegal Chapterhave con- Provision ofAdvicetoChamber’s Members fi w law fromChina,Mr. Wu Jun.Inaddition,Mr. Wu Jun fees) fortheLL.M.course2002/2004toanattorney-at- the University ofZurichoffered ascholarship(waiver of BusinessLawThe LL.M.International Programme of Scholarship ace in their China-related business aswellace intheirChina-relatedbusiness asby partici- rm as offered anextended assignmentin2003withthelaw The Legal Chaptermaintaineditsgeneralobjectives to ents are hosted at various law firms inZurich. ents arehostedatvarious law firms er, and membersrequireadditionalconsulting services

P Prof. DonaldJ. Lewis, University ofHongKong, eter Rhodes, former Prof.andDeanoftheFacultyeter Rhodes,former

of Schellenberg Wittmer inZurich.Mr. Wu Jun has up its Asia-Pacific headquarters inthatcity.up its headquarters Asia-Pacific With anin- Inc, launcheditsR&Dcentrein Shanghaiandistoset three majorbranchesof American Standard Companies globally. buys US$18billionworth ofhomeelectricappliances computers fromChinathisyear. The company currently billion worth ofhouseholdelectricalappliancesand branches in16Chinesecities. sheng would give AIG accesstothelocallender’s for aUS$1billionHongKong listing. A stake inMin- Minsheng, thecountry’s only private bank,which isset one. currency require ajointventure withalocalpartner, oraforeign w 1.300 billionsavings ofitscitizens. AIG didnotsay launch acreditcardinChinaanattempttotaptheUS$ to invest ininfrastructure. ture lastyear withChinaEastern Airline, willcontinue pany, jointven- amaintenanceandservice which formed willinvest heavilyelectronics firm, inChina. The com- tionwide by 2008. massive Chinesepush. Avis planstosetup70outletsna- let isregarded astheleadphaseofUS-basedfirm’s tic jointventure –openedanew branch. The Suzhouout- in Chinaas Anji CarRental&LeasingCo–itsdomes- sues. involving landingrights,aircustoms,telecomis- for parceldelivery services. complex,The projectisvery are jockeying totake advantage ofthegrowing demand creating ahubinGuangzhou.DHL,UPSandFEDEX USA Recent ForeignInvestments/JointVentures fi bers consistoflawyers engagedwithwell-known law atthemeetings. participate The Legal Chapter’s mem- depending onthetopicsofLegal Chaptermeeting proximately 50guests(membersof theChamber),who The Legal Chapterhasabout20active membersandap- Members academics. In2003theLegal Chapterhasexperienced r hether itwants tolaunch aRenminbicard, which would TELING MANUFACTURING (Trane), BESTBUY, AIG AIG, R A FEDEX, ms in Switzerland or China, industry counsellorsand ms inSwitzerlandorChina,industry VIS, OCKWELL COLLINS, is intalkstobuyastake ofmore than5%inChina w global carrentalgiant,ispushingitsexpansion orld’s largest insurer by market value, wants to e xpress delivery group, started talksabout xpress deliverystarted group, specialty retailer, islikely tobuyUS$1.2 a majorUS-basedaviation one ofthe ploy 100peopleby theendof2004. v ployees, having invested atotalUS$500million. rently employs 22subsidiariesinChinawith4.000em- largest researchanddevelopment centre.Honeywell cur- into Shanghai’s Pudongdistrict tosetupthecompany’s ital ofXinjiangUygur Autonomous Region. The new China’sopened ahypermarket inNortheast cap- Urumqi, W bankingoperationsaimingtoclosethegapon corporate China. The move ofaglobaloverhaul ispart ofHSBC’s stantial flow ofM&Aandinitialpublic offerings in ment encouragedprivate ownership ofitsstock. 400.000 shareholdersbecausetheHongKong govern- entirely owned by theChinesegovernment. MTRhas to merge withKowloon CantonRailway which is Corp., nancials, energy, telecommunicationsandindustrials. FRANCE HONG KONG JAPAN to control10%ofChina’s automarket. produced by a Tianjin jointventure. By2010 Toyota aims Corolla, itsbest-sellingpassengermodelwhich willbe the restwillbeimported. Toyota recently launchedthe y y Chamber’s members. practicing lawyers, in-houselegal counselsaswell asthe atmeetingsbyan increasedinterestandparticipation ear willreach105.000vehicles tobeproducedinChina; ear inChina,upfrom100.000units2003.Salesthis estment ofUS$1.5milliontheR&Dcentrewillem- all Streetrivals. HSBCwillfocusonfoursectors:fi- HONEYWELL CARREFOUR, HSBC HONG KONG MASS-TRANSITSYSTEM TOYOTA is planninganaggressive pushtowinasub- aims tosellmorethan150.000vehicles this will putamassive US$30million w orld’s secondlargest retailer, (continued onnext page) Legal ChapterZurich Dr. EstherNägeli Chairperson plans 17 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY 18 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY – Professionals andexecutives withforeignenterprises – Chinaisliftingitsbanonforeigninvestment intelevi- – 3.5 millionhectolitersatfullcapacity. and Hainanprovince which together canproduce about Heineken APB Chinaowns brewery plantsinShanghai Currently, intoChina. Heineken isimported To date, Guangdong Brewery HoldingsforUS$71.43million. months, following theacquisitionofa21%stake in pects toproduceChina-madeHeineken beerwithinsix Chinese bank. lender. holdingby ina It would Chartered bethefirst a stake inBankof Communications,China’s fifth-largest In Brief GERMANY ENGLAND 50% ofotherproductsareboughtfromlocalsuppliers. space of6.500squaremeters. All freshgoodsandabout a totalinvestment ofUS$20million,covers aselling store, Carrefour’s 42ndhypermarket inthecountry, with HOLLAND – The growing salaries in foreign enterprises alsoreflect Thegrowing salariesinforeignenterprises – engage inhousingloans. bankholdstherest. the German The venture willmainly will hold75.1%ofthecapitalUS$18.1million,while a Chinesebankandforeignbank. The Chinesebank specializedjointventure between Bausparkasse, thefirst Bankestablished Sino-German China Construction fi which coveredsociate ConsultingCorp. 800foreign age lastyear, outby accordingtoasurvey carried As- in Chinasaw theirsalariesriseby nearly 7%onaver- rolein theChinesemarket. hope foragreater v age oflandmarkreforms. The prospectofdirectin- ofapack- productioncompanies,aspart sion andfilm HEINEKEN, BA STANDARD CHARTERED BANK 953.3 billionand actualinvestment ofUS$505.55 bil- 468.200 withtotalcontracted investments ofUS$ inChinawas 2004,thenumberofforeignfirms ary the soaringdirectinvestment inChina.BylateJanu- 77.000, thatofamid-level executive US$35.780. a seniorexecutive isUS$ in aforeignenterprise did notrisein2003. The annualpercapitaincomeof olvement willinterestoverseas which mediagroups, r ms in major cities. Only 7% of the firms saidsalaries ms inmajorcities.Only 7%ofthefirms USPARKASSE SCHWAEBISCH HALL w orld’s thirdlargest beerbrewer, ex- Summary byPaul Wyss is intalkstobuy and Beijingaloneaims toproduceabout400.000English – – More than30millionpeoplearoundtheworld are ofEducationreleasedthelateststatistics TheMinistry – Chinaplanstocreateaconsumersocietyinthecoun- – Therapidgrowth ofmachinetoolsalesinChinaisgiv- – Theenlargement oftheEuropeanUnionwilloffer Chi- – – Most EuropeanUnioncountrieswillseemoreand BeijingCapitalGroup,thecapital’s leadingproperty – look forEnglish-speaking teachers. cation have promptedmany private to kindergartens P Englishextends welldesire tolearn beyond thegames. stage.Butthe momentontheinternational important speakers intimeforthe2008Olympics, China’s most economic growth anditsaccessionto WTO in2001. Chinese tothecountry’sglobal interesttolearn rapid opened Chinesecourses. attributesthe The Ministry y that thenumberwillreach100millioninnext five studying Chinese. ofEducationpredicts The Ministry the U.S. There were 12.765Japanesestudentsand3.693from More than45%,35.353,camefromSouthKorea. provinces (excluding HongKong, Macaoand Taiwan). universities andinstitutesscatteredthroughout 31 eign studentsfrom175countrieswere studyingin353 on foreignstudentsinChina:In2003some77.715for- do salariedjobs. to increasing six-foldthebudgetfortrainingfarmers levels economy initsrural of800millionpeopleand bytryside boostinggovernment spendingtorecord market, aheadofGermany. totalled US$6.6billion,makingiteasily thebiggest ese suppliers.In2003salesofmachinetoolsinChina w from astrongplatform ing Chinesemanufacturers global trade. side tradeofUS$915billionaccountsfor20% US$ 12.55trillionand460millionconsumers.Itsout- Itwillcreateamarket withaGDPof opportunities. nese companiesbiggermarkets andbetterinvestment proved DestinationStatus”willbefacilitated. from EUmemberswhich have “Ap- beengranted tours toEuropeancountries.Proceduresobtainvisas standing which moreChinesegroup willfacilitate istration andtheEUsignedamemorandumofunder- the next few months.ChinaNational Tourism Admin- shoppingandsightseeingin more Chinesetourgroups next threeyears. investors andastockmarket listingoverseas inthe zation, thesaleofequitystakes tooverseas strategic Olympic Games. isplanningareorgani- The group nance several large projectsforthe2008 building developer, hasambitiousfund-raisingplanstofi- R&D centersenteredChina. and global lion. In2003,moremultinationalfirms ears. Some2.300universities in85countrieshave arents eagertoensuretheirsole childthebestedu- hich tocompetewithestablished western andJapan- companies arepreparing theirmarket in entry/expansion tions, Free-Trade-Zones have substantially highercosts. pany inaFree-Trade-Zone, comparedtootherloca- but An alternative isthesettingupofa100% owned com- always connectedwithadditionalcostsandalossoftime. panies: Working throughChinesemiddlemeninChinais making. To datetwo possibilitiesremainforthosecom- planning andproblems indecision ferences inlongterm dueto dif- to setupjointventures withChinesepartners, minority jointventures. Butmany investors arereluctant lowed oneyear later. businesswillbeal- andexport companies, theimport panies by thisyear. For wholly-owned foreigntrading ing foreigntraderightstomajority-foreignowned com- According toits WTO pledges,Chinawillbegin grant- W Update onChina’s Trading Sector– and educatedlabourforce. v have setupresearchcentersinChinaordertotake ad- tionals suchas Alcatel, GeneralElectricandInfineon enterprises. remaining 60percentcamefromdomesticandforeign and development was covered by thegovernment andthe (US$ 104billion). only aftertheUnitedStates (US$282billion)andJapan R&D expenditure reached60billionUSdollarsin2001, of money itspentonresearchanddevelopment. China’s (OECD), Chinarosetothirdintheworld intheamount zation forEconomicCooperationandDevelopment (According toarecently by published report theOrgani- in R&DSpending China OvertakesGermany China’s boomingeconomy– hasrecently boostedcom- antage oflower costsandChina’s comparatively cheap W Currently, tradingrightsareonly toforeign granted In thepasttwo years aremarkable numberofmultina- About 40percentofChina’s expenditure onresearch ing plansforatleast20new nuclearplantsby 2020. e this ismodestcomparedwithfuturedemandwhich is porter. Electricityconsumptionjumpedby 15%. Yet United Statestobecometheworld’s biggeststeelim- rosenearlyits oilimports one-third.Itpassedthe cious consumerofenergy andraw materials.In2003 hasbecomeavora-modities markets asthecountry xpected todouble by 2020. The government ismak- estern CompaniesEagertoJumpIn ith theregulations now beingduetochange,foreign Summary byPaul Wyss state-owned companies. market which inthehandoflarge iscurrently domestic merous foreigntradingcompaniesareeagertoenterthe thatnu- of 20%duringthelastfouryears –nosurprise lion tradesectorhasseenanaverage annualgrowth rate w China’s tradingsector. international Chinaisalreadythe stance ahighminimuminvestment ortherequirementof ments willbeconnectedtoa license indetail.For in- been releasedyet, andonehastowait which require- Joint Ventures. However, thenew regulations haven’t domestic companies,orincreasing theirshareinexisting ing sector, either buyingintothemarket andacquiring companies willincreasetheirinvestment inChina’s trad- orld’s largest tradingnation,andtheUS$540bil- fifth W ithin thisbackground, itisexpected that foreign Leistungsverhältnis interessantes Preis/ Bologna im "Centro Ceramico" beste EN-Testergebnisse höchste Qualität: aus China Feinsteinzeugpoliertes gr ossformatiges, (continued onnext page) 19 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY 20 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY panies inChinashouldwatch outattentively forthefu- dynamicoverbe very thenext few years. Western com- sector isahead–itcanbeexpected thatthemarket will directly fromthemainland. goods hadsecuredalicensetoexport Chinese subsidiary toannouncethatits100%ownedpanies, was thefirst quirements. companiesenjoyMacao service preferable licensingre- o businessinChinathroughwholly &export port foreign hasgiven lightforthemtoconductim- ernment green trading sector:Effective 1, 2004,thecentralgov- January nies areenjoying inChina’s aheadstart international HongKong compa- Arrangement), andMacaoservice with theupcomingchallenges. also mergers between tocope Chinesetraders,trying only expect M&Adealswithforeigninvolvement but taxrebates. reductions ofexport Analysts thereforenot ready, asmainlandtradershave tocopewiththerecent sector willgetrougher. The situationisquitetenseal- thatcompetitioninChina’sones, areconcerned trading ing companies,especially small-andmedium-sized for thepublication ofthenew regulations, domestictrad- ness ofthenew regulations formany companies. an existing Chinainvestment couldlimittheattractive- wned tradingcompanies. Additionally, HongKong and A far reaching structural changeofChina’s reachingstructural A far trading Li &Fung,oneofHongKong’s biggesttrading com- Thanks toCEPA (CloserEconomicPartnership Whilst foreigntradingcompaniesarewaiting eagerly Kommunikationsstarke, unternehmerischdenkendeundortsungebundene Verständnis undstarkensozialenQualifikationenfürdenBrückenschlag Schweizerin 38,mitdemrichtigenGespürfürMarktundZukunftsucht: • • • • • • • •

Langjährige underprobteErfahrunggepaartmitinterkulturellem grosse ErfahrungmitStart-upPhasenundimKrisenmanagement Hohe Flexibilität Hohe Sozialkompetenz Mitarbeiter, KundenundGeschäftspartner Leadership-Qualitäten: motivierendundbegeisternde Wirkungauf Entwicklung undUmsetzungvonStrategien hohe IdentifikationmitIhrenerstklassigenProdukten &Dienstleistungen Repräsentation beiÜbernahmen,Zusammenschlüssen, JointVentures erfolgreiche, abschlussorientierteVerhandlungsführung c/o Wirtschaftskammer Schweiz-China, Höschgasse 83,8008 Zürich. c/o WirtschaftskammerSchweiz-China, Management –andMarketing/SalesPosition Interessenten meldensich bitteschriftlichbei: zwischen zweiWelten.IchgarantiereIhnen E-Mail: [email protected] T 518033 Shenzhen,P.R.China Shennan ZhongLu, Suite 2108, Top GlitteryCity, Office, No. 3027, Shenzhen Rep.Office: T 200041 Shanghai,P.R. China No. 333ChengduRoad(N), Suite 1503,South Tower, ChinaMerchants Plaza, Shanghai Office: T Hong Kong 12/F Fortis Bank Tower, 77GloucesterRoad, Hong Kong: T 100004 Beijing, P.R.China Unit 0603,Landmark Tower 2,Chaoyang District, Beijing Rep.Office: Summary by Fiducia Management Consultants day, mightbeunderpressureinthenearfuture. models which have beentheoptimumsolutionuntilto- interesting alternatives ahead, investment andbusiness ture development ofthemarket. With and opportunities el: (+86)75583289958Fax: (+86)75583289959 el: (+86)2152981805Fax: (+86)2152981807 el: (+852)25232171Fax: (+852)28104494 el: (+86)1065906108Fax: (+86)1065906109 Swiss-Chinese Trade /FirstQuarter2004 od i.CF±CF hr i.CF±CF Share CHF% ± Mio.CHF Share CHF% ± Mio.CHF Goods Comparison tothesameperiodlastyear /Share:Shareofgoodsintradewithcountry (in Mio.CHF) – Electrical machinery andelectronics – Electricalmachinery machines,Computers – Office – Householdappliances machines – Agricultural – Industrialmachinery electronics apparatus, Machinery, – ofmetal Articles metals – Non-ferrous – Ironandsteel Metals andmetalproducts glass ceramics, Construction materials, pharmaceuticals Chemicals, plastics rubber, Leather, P Te Energy carriers Agricultural products T Other goods W – Mechanicalmeasuring,testing, controlequipment andappliances – Medicalinstruments – Surveying instruments photo – Opticalinstruments, Precision instruments – Vessels – Aircraft andspacecraft – Railway vehicles – Road-vehicles V – Defenceequipment pr ae rdcs printedmatter paper products, aper, ehicles otal selected – Packaging and filling machines – Packaging andfilling – Filtering and purifyingmachines – Food processingequipment – Textilemachines – Printingandpapermachinery – Weldingmachines – Handheldtools – Othermachinery – Machine-toolsforwood, cork,etc. – Plastics-,Rubbermachinery – Machine-toolsformineralmaterials – Machine-toolsmetalworking – Liftingandhandlingequipment – Processengineering,heating,coolingequip. etc. – Pumps,compressors,fans, engineering – Machinery machinery – Construction – Enginesnon-electrical – Spareparts vehicles – Specialpurpose ofgoods – transport ofpersons – transport – Electricandelectronicarticles – Telecommunications – Power generation,electricmotors – Householdmachines electronics – Entertainment atches tls pae,shoes apparel, xtiles, xotEpr xotIpr motImport Import Import Export Export Export 4, 521006821, 100,0 12,7 668,2 100,0 25,2 648,0 0, 331, , 2, 0,1 128,1 0,7 16,4 53,3 3,7 106,5 82,5 3,7 27,1 24,7 42,9 30,9 40,0 24,8 181,0 16,6 41,5 9,4 52,9 259,2 17,2 19,2 -1,2 268,8 342,8 63,1 18,9 24,3 122,6 165, 114, , 7,3 0,7 0,3 0,4 -17,2 26,1 4,1 49,0 4,9 1,8 11,1 36,4 3,1 2,1 59,9 27,3 7,1 71,6 35,1 6,8 19,8 13,8 18,3 3,9 43,9 1,6 29,3 6,8 26,1 -6,2 15,9 7,7 10,7 45,7 4,2 2,5 10,7 0,1 49,9 106,7 21,5 16,5 9,5 69,5 0,6 0,6 247,8 0,1 4,3 2,5 95,1 0,7 6,1 -51,9 1,0 16,3 78,0 87,6 4,8 4,9 39,5 5,8 -15,9 3,9 46,6 30,9 6,3 142,5 38,9 44,9 25,1 3,5 42,3 20,9 4,7 22,6 41,1 30,7 , 2, , 891, 10,3 13,3 0,1 68,9 3,0 0,1 -30,2 0,4 71,2 0,7 0,0 121,4 0,0 0,0 -20,8 19,8 0,1 1,0 0,3 0,8 214,9 2,7 0,8 – -80,6 -30,5 0,1 0,0 176,6 1,3 23,6 0,0 0,5 1,7 21,5 1,8 2,1 0,0 0,0 0,0 4,9 – 38,6 0,1 5,4 0,0 45,6 48,3 0,1 144,0 0,0 8,5 1,3 -81,2 0,0 11,1 115,0 0,0 – 12,2 0,0 209,1 – 0,0 13,2 0,5 0,1 8,4 2,6 0,2 0,6 0,0 0,1 8,9 5,6 -100,0 0,0 0,0 158,6 73,8 7,0 8,1 89,7 0,0 – 0,3 0,5 0,6 12,0 148,3 56,1 0,0 1,2 17,1 10,4 0,4 72,9 0,2 0,2 37,3 140,3 0,3 0,1 54,3 28,3 3,0 1,8 0,2 0,0 136,9 0,1 199,7 0,2 0,2 0,7 76,7 2,5 0,4 2,0 301,9 61,8 0,0 – 0,0 0,4 199,6 0,1 48,2 0,0 1,1 0,2 0,3 34,5 1,5 – -48,3 4,6 -50,3 0,8 41,7 0,1 -84,8 2,9 0,4 1,4 0,2 0,7 0,4 0,0 0,0 1,1 23,9 0,0 84,9 115,9 0,3 264,8 1,2 0,0 0,9 0,4 9,1 2,9 50,0 -33,8 2,5 -13,4 -98,4 1,0 3,5 2,0 0,0 0,9 0,3 7,5 0,1 0,2 -36,1 2,9 0,2 -46,2 11,9 1,3 6,2 79,3 1,0 5,9 54,4 2,3 1,2 35,2 4,9 32,9 1,3 0,3 1,2 8,3 0,1 25,3 -9,1 6,5 -13,0 0,0 208,5 3,4 -3,4 32,5 2,1 0,6 2,1 7,5 -100,0 1,5 0,6 169,0 -17,3 112,3 0,0 0,6 1,3 14,1 3,7 23,3 0,0 155,7 3,4 1,1 9,6 3,7 164,5 8,5 59,5 0,1 6,9 Source: swissmem&Eidg. Zollverwaltung 21 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY 22 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY China. 2,385 US$in2003),Zhejiangistherichest province in f 920 billionRMB(111.25US$),up14%(12.3% national average. The GDPofZhejiangprovince reached (150.57 billionUS$),up13.5%,4.4%higherthanthe dong province, recorded aGDPof1245.18billionRMB ond largest provincial economy inChinaafterGuang- tive double digitgrowth rate. JiangsuProvince, thesec- highest growth rate since1998and the twelfth consecu- (10.9% for 2002) over theprevious year. This was the (75.58 billionUS$)in2003,anincrease of11.8% have allshown theirhighestgrowth rates. assets,Shanghai,JiangsuandZhejiang ment infixed (2.2%). Duetotherapid increase ofexportsandinvest- r China’s totalGDP, aremarkable result compared toits billion US$),accountingfor 23.9%(22.1%in2001)of 790.3billionRMB(337.4 the deltaregion climbed to2’ timeinthehistory.2003 for thefirst than in2002. The GDPpercapitatoppedUS$1,000in billion US$),anincrease of9.1%in2003,1.1%more ofinvestmentthe fields andforeign trade. locomotive role inthecountry’s economy, particularly in provinces ofJiangsuandZhejiang–continuestoplaya – including inthistermthecityofShanghaiandtwo growth intheyearasawhole. The Yangtse deltaregion to 6.5%.Nevertheless, China’s economy enjoyed afaster severely, sothatthegrowth rate inthesecondquarterfell droughts andfloodsdisturbedtheeconomicdevelopment 2003 was aturbulentyear for China.SARSaswell as 8.8% in2002)from theprevious year; inShanghai retail talled 4,584.2billionRMB, up9.1% (comparedwith pared to2002andreached1.97 millionunits. Sales ofsedancarsinChinasurged 75.3%in2003com- increase ofpersonaldisposable incomesin recentyears. inaccordancewithasteadyandfast sumption structure and houses,stillsoldwell ofthecon- duetoanupgrading like personalcomputers,mobilephones,andeven cars sector, many kindsofkey however, consumerarticles, from 12.6%for2002to8.6%in2003. w w to 8.8%afterhaving reached9.3%in2002;Jiangsuit period, theretailsalesgrowth rateinShanghaiwent down from 8.8%in2002and10.1%2001.Inthesame sales growth went halfof2003 down to8%inthefirst halfof2003.China’sretail salesinthefirst totalretail sumption was stagnant, reflectedinthesituationof Severely influencedby SARS,thecountry’s private con- Private Consumption:StagnantduetoSARS Y or 2002).Measured bypercapitaGDP(19,730RMBor ather low percentages ofpopulation(10.9%)andarea as justupto12.7%(comparedwith12.1%forthe hole of2002)andinZhejiangitwent down rapidly Shanghai reported aGDPof625.08billionRMB During thesameperiodoftime, theaggregate GDPof China’s GDPreached 11,669.4billionRMB(1,411.1 In 2003asawhole, however, China’s retailsalesto- While SARSshowed itsstrongest effect intheservice angtse DeltaRegion–EconomicSituation f ov of Chinagrew rateof26.7%in2003 atanextraordinary US$), enactedinvestments assetsforthewhole infixed nomic plansfurther. tendedtoshowmany officials theirambitionineco- government organs were re-electedearlierthisyear and and in2003particular, sincealloflocallegislative and f increased investments assets,especially inthe infixed driven by policy, apro-active fiscal featuringheavily on Since 1998Chineseeconomicgrowth hasbeenstrongly Engines ofGrowth Investment inFixedAssets:OneoftheMain counting for51%(up35%in2002 and30%in2001)of ofactuallyUS$ in2002)terms utilisedvalue, ac- gion was about27.1billionUS$in2003 (18.56billion foreign investment since2001. The totalFDIofthere- higher than75%ofthetotalsum. sources. For accumulatedinvestment theamountisstill heading ofFDIisstillcomingfromethnically Chinese ize, however, thatmorethan60%ofthecapitalunder v v invested inChina,withcontractedforeignin- enterprises the endof2003,therewere morethan465’277foreign bases fromSoutheast manufacturing Asia toChina.By competition forattractingFDI. SARS toChina’s economy and thestrongerinternational lion US$,uponly 1.4%reflectingthenegative impactof 2002, while actually utilizedFDIstagnatedat53.51bil- to 115.07billionUS$in2003over thesameperiodof foreign directinvestment (FDI) inChinaincreased39% for foreigndirectinvestments inrecentyears. Contracted destinations China hasbecomeoneofthemostpreferred Foreign Investment:MassiveInfluxContinued 38.1% over theprevious year (up24.9%in2002). RMB (59.82billionUS$)inZhejiang,anincreaseof (up 16.5%in2002)andthey recorded494.70billion 533.58 billionRMB(64.52US$),ariseof38.6% of 12.1%(up8.2%in2002);Jiangsuthey totalled to29.65billionUS$),arise billion RMB(corresponding erated in2003aswell: inShanghai,they reached245.21 315.7 billionRMB, up10.9%(up12.6%in2002). up 13.7%(up12.1%in2002)andZhejiangthey were 2002); inJiangsuthesalesrecorded356.65billionRMB, sales reached222.06billionRMB, up9.1%(up9.3%in astest growth since1994. ield of infrastructure. ield ofinfrastructure. This situationcontinuedin2002 estment of 501.47 billion US$. It is important toreal- estment of501.47billionUS$.Itisimportant estment of943.13billionUS$andactualforeignin- Reaching 5’511.8billionRMB(about666.5 The Yangste deltaregion saw anacceleratinginfluxof Multinationals aremoving moreandoftheir In thedeltaregion, investments assetsaccel- infixed er thesameperiodofprevious year, recordingthe (continued onpage 24) of theSwissConsularArea Current EconomicIndicators* blinUD hnhi50 4558 30.1 1.44 5.85 53.51 23.5 39.03 14.5 115.07 11.06 12.5 5.03 20.22 52.743 19.6 43.4 41’081 82.8 10.58 Shanghai 30.7 39.9 China 57.4 34’171 (billion USD) 412.84 63.92 Actually Utilised Shanghai China 34.6 51.2 21.2 22.1 (billion USD) 438.37 48.48 China Contracted 295.22 40.61 38.6 22.3 16.0 533.58 Projects 325.57 Fo 32.06 China 26.7 Shanghai 13.7 16.5 5511.80 356.65 384.92 (billion USD) China Imports Shanghai 16.1 12.1 11.8 4320.20 321.58 (billion USD) 625.08 Jiangsu Exports 9.1 10.9 (billion RMB) China in Fixed 11669.40 Assets Jiangsu Completed Investment 540.88 8.0 (billion RMB) Consumer Goods 10239.79 T Shanghai (billion RMB) GDP China Y * All statistics notincluding Taiwan, HongKong andMacao. tlRti ae f hn 011 . 542 9.1 4584.20 8.8 4091.10 China otal RetailSalesof a 022003 2002 ear r eign Direct Investment (during theperiod) oslrAe 67 141.13 152.28 86.70 Consular Area 1421.25 102.41 1027.53 Consular Area 1059.89 Consular Area 3187.58 935.77 Consular Area 2728.41 Consular Area oslrAe 89 27.49 54.94 18.94 16’495 Consular Area Consular Area Consular Area nu .81. .94.1 72.4 0.39 52.4 5.45 15.80 1.02 11.4 77.5 42.9 56.6 75.4 0.38 12.05 30.81 3.16 10.37 431 32.0 25.9 35.4 132.8 4’442 7’301 6.79 Anhui 66.6 30.0 19.67 Zhejiang Jiangsu 45.6 58.0 2.88 62.0 71.3 338 Anhui 19.80 3’364 24.9 54.53 5’801 Zhejiang Jiangsu 29.6 3.06 41.5 53.7 27.7 41.6 1.73 Anhui 41.60 59.14 Zhejiang 12.54 7.5 Jiangsu 31.82 30.4 27.9 33.3 147.76 2.45 Anhui 9.8 29.42 38.48 Zhejiang 17.6 Jiangsu 133.12 113.33 Anhui 9.2 Zhejiang 7.5 Jiangsu 14.0 397.32 13.5 122.87 920.00 Anhui 1245.18 8.9 12.3 11.6 356.90 Anhui 767.00 1063.63 Anhui Zhejiang Jiangsu hnhi3022. ’2 43.5 4’321 22.5 3’012 Shanghai 38.1 12.1 494.70 245.21 10.9 24.9 9.1 8.2 315.70 345.80 222.06 215.84 12.6 9.3 287.80 Zhejiang 203.52 Shanghai Zhejiang Shanghai v lm rwhvlm growth volume growth olume ae()rate (%) rate (%) Source: Chinese Authorities 23 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY 24 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY million US$for7projectsrespectively. Zhejiang itwas 405millionUS$for86projectsand26 contractual value for138projects,while inJiangsuand direct investment of totalled1,306millionUS$interms centrated inthe Yangtse deltaregion. InShanghai,Swiss tracted investment. Among them,amajorityof64%con- mulated value ofcon- of2,780millionUS$interms 613 Swiss-invested projectsinChinawithatotalaccu- in thedeltaregion aswell. Bytheendof2003, therewere ofbothcontractedandactuallyterms utilizedFDI. timein Guangdongprovincesurpassing forthefirst provincetherefore becamethemostpreferred forFDI, in 2002),anincreaseof52.4%(75.4%2002).Jiangsu Jiangsu itreached15.80billionUS$(10.37 in 2002),anincreaseof72.4%(up43%and jiang itamountedto5.45billionUS$(3.16 30.1 %over theprevious year (up14.5%2002).InZhe- billion US$(5.03in2002),anincreaseof China’s total. Actually utilisedFDIinShanghaiwas 5.85 total imports. in 2002),accountingfor33.5% (29%in2002)ofChina’s valueimport reached 138.25billionUS$(85 lion US$(12.54billionin 2002). The region’s total 58.9% (27.7%in2002)toreach anamountof19.8bil- 71.3% (41.6%in2002)andZhejiang’s grew imports lion US$(31.82billion in 2002),anincreaseof 2002) over theprevious year. 54.53bil- Jiangsuimported billion US$in2002),anincreaseof57.4%(22.1% goodswithavalueimported of63.92billionUS$ (40.61 f China’s value. totalexport 2002), accountingforabout34%(31%in2002)of v (29.42 billionUS$in2002). The region’s totalexport (28% in2002)toreachanamountof41.6billionUS$ (33.3% in2002)andZhejiang’s grew exports 41.5% (38.48 billionUS$in2002),anincreaseof53.7% goodsinthevalueJiangsu exported of59.14billionUS$ of 51.2%(16%in2002)comparedtotheprevious year. lion US$in2003(32.06billion2002),anincrease eign trade. valueThe export ofShanghaiwas 48.48bil- China’s tothe entry WTO have imports. spurred tariffsthe reducedimport andlicencesasaresultof aswell andby private as eign-funded enterprises firms hand, China’s economicboom,therisingdemandby for- RMB isvirtually pegged totheUScurrency. Ontheother fromaweakconsiderably USdollarasthe benefited China’s productsanedgeintheworld markets. Chinahas US$ in2002).Low pricesandreasonable qualitygave stoodat25.53billionUS$(30.35 trade surplus 412.84 billionUS$(295.22USDin2002);the grew morerapidlyports by 39.9%(21.2%in2002)to 438.37 billionUS$(325.57USDin2002);im- rose34.6%(22.3%in2002)to up 21.8%).Exports 851.2 billionUS$in2003(in2002:620.8US$, v Customs statisticsshow thatChina’s totalforeigntrade Foreign Trade: AnotherMotorofGrowth aster than exports in2003.Duringtheyear,aster thanexports Shanghai alue reached149.22billionUS$(100USDin olume increasedby 37.1%onayear-to-year baseto Swiss directinvestment isalsoincreasinginChinaand Imports inthe Imports Yangtse deltaregion increasedeven The deltaregion heldaleadingpositioninChina’s for- alleviation employment oftherural situation. problems inthesegrowth centres,itdidnotallow foran tion intourbanareashasthusjusthelpedtoincrease population roughly atthesamelevel asin1980.Migra- of development. Population increasehaskept therural by twenty-five couldnotbe corrected yearsin particular ment policies.Hiddenunemployment inthecountryside gr High unemployment income ratesandastagnantrural and by aconsiderable overproduction inmany fields. market marked by slower growth ofprivate consumption from abroad, pressure inthehome butalsoadeflationary globalpolitical situation,reducingdemand an uncertain notonly isfacing asluggishworldernment economy and year again. for thecurrent crease forthedeltaregion provinces likely remains very are mostly higherthan 8.5%. Another double-digit in- timation madeby the main Chineseresearchinstitutes given fordiscussionsineconomiccircles. ground The es- economic growth withoutdrasticfluctuations”andhas at 7%for2004. The target isset fora“stable andrapid get growth rateofChina’s GDPissetby thegovernment National People’s thetoplegislature, thetar- Congress, totheSecondSessionof10th abao inhisrecentreport the nearfuture. According toChinesePremier Wen Ji- The economicsituationinChinawillremaindynamic The Challenges:OldandNew Hong Kong). donotincludetheindirecttradevia all thesefigures of 64%)and97millionUS$(anincrease29%;remark: US$ (anincreaseof33%),111million Zhejiang toSwitzerlandwere respectively 90million from Switzerland. ofShanghai,Jiangsuand The export and 143millionUS$(anincreaseof80%)respectively crease of44%),253millionUS$(anincrease53%) 550millionUS$(anin- Jiangsu andZhejiangimported lion US$toSwitzerland, anincreaseof40%.Shanghai, the previous year, atotalvalue andexported of 302mil- US$ fromSwitzerland, anincreaseof51%in2003over goodswithatotalvalueregion imported of964million v 85% (56%in2002)ofChina’s totaltradesurplus. of21.8billionUS$,accountingfor with atradesurplus mained themostaggressive tradingprovince inChina US$ from6.66billionin2002andZhejiangre- as well. to4.61billion Jiangsureducedhertradesurplus gr andsteadyincreaseinpersonalincomestoa a fast consumer goods. This demanditselfwas mainly dueto of inthefield ity brackets due tointernationalisation mand forforeigngoodsinthehigh-techandhigherqual- lion US$in2002),reflectingthecity’s increasingde- of8.55bil- of15.44billionUS$in2003(adeficit deficit eloped alsorapidly lastyear. As Table 2shows, thedelta o o But thechallengesarethereaswell. The Chinesegov- Swiss traderelationwiththe Yangtze-delta region de- The tradebalanceofShanghaithereforeshowed a wth will very likelywth willvery continuetochallengegovern- wing import demandforforeign-fundedenterprises wing import (continued onpage 26) You are doing business in China…

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We are able to assist you in find- construction in China. competence – real estate development, ing adequate office facilities, with the con- consulting, engineering, construction, reno- struction of new manufacturing or ware- Steiner Group vation and conversion, facility management, house facilities, with extensions of existing Hagenholzstrasse 60, CH-8050 Zurich property management and brokerage servic- premises, to secure the implementation of Tel. +41 1 305 22 11, Fax +41 1 305 22 70 es. Whether your needs are for a single prod- major building projects, with trouble shoot- www.steiner.ch uct or for the entire package of services, our ing for projects in distress or with project concept guarantees an integral and efficient management and controlling services. Stei- Your contact in Switzerland: implementation tailored to meet your speci- ner is the leading construction and real Roman Loser, Phone +41 1 305 24 04 estate service provider in Switzerland. In fic requirements. China we operate as project managers and Your contact in China: the client's representative for all construc- Shuhui Lei, Phone +86 135 2033 9882 26 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE ECONOMY Note: inmillionUSD Swiss –Yangtze-Delta RegionEconomicRelations* r capita incomeofurbanresidents was 3.1timesthat of based researchinstituteshowed thattheaverage per households aswell. A survey conducted by aBeijing- between residents,but alsoamongurban urbanandrural A secondproblem isthegrowing incomegap,notonly Growing incomegap 17 millionpeopleinShanghai. population,totalling about3.7millionoutofthe migrant statistics donotincludethe“laid-off workers” andthe 4.2% atthesamelevel oftheprevious year. Again, these compared withthatby theendof2002)andinZhejiang the endof2002).InJiangsuitwas 4.1%(adropof0.1% 301,000 personsunemployed (more13,200thanthatby of Social SecurityBureau,witharegistered figure bythe endof2003,asreported theShanghaiLabourand job. theirfirst ates who will have tofind difficulties including around10millionschoolandcollege gradu- ban job-seekers, who stand this year atabout25million, 9 millionnew jobs. This isobviously notenoughforur- ment ratebelow 4.7%thisyear andtocreatemorethan government hasvowed tokeep itsregistered unemploy- mainly labourers). composedofjobless rural The central trated inbigcitieslike Beijing,ShanghaiandShenzhen, floating population(estimatedat100million,concen- “laid-off workers” (about14millionpeople)andthe the previous year. donotincludethe Butthesefigures kind climbedto4.3%by theendof2003,up0.3%over the endof2003. The unemployment ofthis rateinterms people registered intheurbanareastotalled8millionby statistics,thenumberofunemployedcording toofficial employment areas. pressure inurbanandrural Ac- The mostseriousproblem remainsthereforethehighun- Unemployment Shanghai Anhui Zhejiang Jiangsu Delta Region hn ,8.4896 ,8.01900 613 1,900.00 2,780.00 839.69 2,683.34 China ural residentsin 2002(2.8timesin1995). The realdis- Shanghai’s registered unemployment ratewas 4.9%at Shanghai’s 8.6595 73 96 ’0.5138 89.69 1’306.35 549.5067.36 381.16 6.0230 80 1.0450 6.086 268.00 405.00 111.00 253.0068.00 165.00 97 4.47.29.42.279 7 7.95 25.82 96.64 143.4475.02 79.74 0220 0220 otatdAtal Projects Actually Contracted 2003 2002 2003 2002 motfo xott SwissInvestments to Export from Import wteln wteln (accumulated) Switzerland Switzerland +69% (+2.80%) (+28.83%) (+64.25%) (+76.90%) (+33.16%) (+79.89%) (+53.04%) (+44.17%) 6.6322 ’7.8236 1’772.88 302.21 964.06 81 .83 .15 18.15 4.88 35.71 China. lion people),mostly inthebackward western areasof laid-off urbanitesaswell (about28mil- aspoorfarmers w andindustrialrestructuring, process ofeconomicreform g stars,thencomesthe trepreneurs andentertainment of theChinesesociety. 32% of thetotalincome with thehighestincomeearned est incomehadnearly 20%andthetop10%ofpersons come ofthesociety;top5%personswithhigh- 6.1%ofthetotalin- sons withthehighestincomeearned increase of4.3%only. ple was only 2,622RMB(317.0US$)in2003,anactual y US$) in2003,arealincreaseof9%over theprevious posable income percapitareached8,472RMB(1,020.7 annualdis- are taken intoaccount.Urbanhouseholds’ living peoplecannotaccess, relief,towhich mostrural medical care,unemployment insuranceandminimum the additionalsocialwelfare ofurbancitizens,suchas parity between peopleiseven urbanandrural widerif ments, China’s consumerpriceindex, thekey barometer RMB (237.90billionUS$),up 14.3%(4.2%higher). Cash incirculation(M0)amounted to1,974.6billion billion US$)atthesametime, up 18.7%(1.9%higher). money supply (M1)was 8,411.9billionRMB(1,013.48 higher) over thesameperiodofprevious year; narrow lion RMB(2,665.34billionUS$),up19.6%(2.8% of 2003,thebroadmoney supply (M2)was 22,122.3bil- supply registered arapidincreaseonceagain.Bytheend pressures.MoneyThe thirdproblem areinflationary Inflation pressures ear, while thepercapitanetincomeofChina’s peo- rural roup oftopmanagersState-owned inthe enterprises hile the underprivileged group consistsofjoblesshile theunderprivileged and group The mostwealthy peopleinChinaincludeprivate en- In 2002,accordingtothesurvey, thetop1%ofper- Driven by rapideconomicgrowth, particularly invest- by 0320 2003 2003 2003 edo b n f by endof by endof endof Source: Chineseauthorities f with amodernandproven setofrules,which are uniform mercial arbitration, asthey provide arbitration users and mark animportantstepinSwissinternationalcom- (i.e. Basel,Bern,Geneva, Lausanne, Lugano andZurich) c The SwissRuleswere adoptedbythesixmajorSwiss tional Arbitration” (“SwissRules”)entered intoforce. On 1January 2004,thenew “Swiss RulesofInterna- referring to the former rules ofthechamberscom- rules tothe former referring makes referencetothem. With respecttoarbitralclauses The SwissRulesapply toarbitrate where anagreement 2. ScopeofApplication the UNCITRALRules. andcaselawthe abundantlegal commentary relating to andarbitratorshaveparties thepossibilityofconsulting miliar andinternationally recognized system.Moreover, arbitrationproceedingswithafa- tointernational parties as abasisforthenew SwissRuleswas thatthey provide tions andintheintroductionofentirely new provisions. mercial arbitration. modifica- This resultedincertain com- practiceininternational toreflectcurrent ernised UNCITRAL Rules,which datefrom1976,were mod- ad hocarbitration,toinstitutionalarbitration.Second, the to adapttheUNCITRALRules,which were designedfor made totheUNCITRALRules.First, itwas necessary cepted foundation. Two maintypesofchangeswere T TRAL (UnitedNationsCommissiononInternational The new SwissRules arebroadly basedontheUNCI- 1. GenesisoftheSwissRules of InternationalArbitration The NewSwissRules about 30%recently. Steel, aluminiumandotherraw materialpricesrose to the1.9%growth inNovember and1.2%inOctober. 2004onayear-to-year3.5% inJanuary base,compared products, anindicatorofconsumerpricetrends,rose 1.2% in2003. priceofChina’sThe ex-factory industrial central bankitwillgrow by 3%thisyear, comparedto since April 1997. byAccording toareport theChinese in2004–thestrongestrise cember 2003andJanuary for inflation,rose3.2%onayear-to-year baseinDe- or allofthesixparticipatingchambers. hambers ofcommerce providing arbitration services rade Law) Arbitration Rules,awell-tried andwidely ac- The mainreasonwhy theUNCITRALRuleswere used [email protected] E-mail – – – features ofthenew Swiss Rules: The following overview isashort onthemostimportant 3. MostImportantFeaturesofthenew by wishtoremaingovernedSwiss Rules,unlesstheparties pating chambersnow leadstotheapplicationof ofthesixpartici- to oneoftheearlierarbitrationrules 2004. ter 1January Thus, anarbitration clausereferring tions inwhich onoraf- theNoticeof Arbitration isfiled Zurich, thenew apply arbitra- rules toallinternational Geneva,merce ofBasel,Bern, Lausanne,Luganoor hn +86-21-62700519or20 Fa Phone Consulate General ofSwitzerland inShanghai Commercial Section Li Rongzhang additional translations. French orItalianinordertoavoidEnglish, German, of theproceedings,itisrecommended touseeither are freetochoosethelanguage Although theparties cation. ings donotnecessarily have atthatlo- tobeperformed tion anywhere inSwitzerland, buttheactualproceed- arefreeto choose theseatofarbitra- The parties the roleoftheseinstitutionalbodiesismoderate. ev ofthe arbitration proceedings.How-ing andsupport tasks inconnectionwiththeadministration,monitor- have beencreated. These two with bodiesareentrusted bitration Committee”andthe“SpecialCommittee”, tration, two maininstitutionalbodies,namely the“Ar- As theSwissRulesaredesignedforinstitutionalarbi- theearlierrules. x Swiss Rules er, comparedwithothermajorarbitrationcentres, +86-21-6270 0522 (continued onnext page) 27 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE LEGAL MATTERS 28 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE LEGAL MATTERS Zone (Canada,USA,Mexico) on1 ments (ISPM15)have becameeffective fortheNAFTA andrequire- packingrules trade regarding international intheinternational changesforall participants Important New PackingRules&Requirements – –A – – or intrusive by interventions thearbitralinstitutions. efficiency, whilst atthesametimeavoiding cumbersome the SwissRulesguaranteeahighstandardofqualityand w sure thecontinuityofhigh-qualitystandardsfor The SwissRulesprovide toen- arangeofinstruments 4. QualityControl can betheresult. oreventhe new requirements,delays, confiscation fines above mentioned destinations,which donotcomply with new standardcalledISPM15.For goodsshipped to the are inthepositiontomake thepackingaccording tothe packingcompanies Onlyhave certified tobefullfilled. plementation from1stOctober2004. during theyear 2004.Indiahasalreadyannouncedim- China, SouthKorea willimplementthenew regulations hich Swiss international arbitrationisrenowned.hich Swissinternational Thus, ipating chambers. cation ofthecostsissubjecttoapproval by thepartic- allo- costs islefttothearbitraltribunal,butfinal nation ofthecosts. The actualadministrationofthe circumstances have tobeconsideredforthedetermi- plexity ofthecase,timespentandotherrelevant pute. Inadditiontotheamountindispute,com- mum rangesby takingintoaccounttheamountindis- by The costsforthearbitrationproceedingsaregoverned summarized reasoningintheaward. hearings, atimelimitforrenderingtheaward anda timelimits,limitednumbersofbriefsand ple, shorter advantages oftheExpeditedProcedureare,forexam- amount indisputedoesnotexceed CHF1million. The by dure”. This ExpeditedProcedureapplieswhere agreed possibility toarbitrateunderan“ExpeditedProce- tion withtheparties. is heldtoprepareaprovisional timetable inconsulta- Once theproceedingsarestarted, thearbitraltribunal of independenceandimpartiality. degree bers, which willverify theappointees’requisite by cham- theparticipating are subjecttoconfirmation and tonamearbitrators. The nominationsofarbitrators tors (solearbitratororthree-memberarbitraltribunal) onthenumberofarbitra- arefreetoagree The parties V F or wooden packingmaterial,various new regulations arious othercountrieslike theEuropeanUnion,

significant innovationsignificant ofthenew SwissRulesisthe

the parties and,the parties inprinciple,allcaseswhere the a Schedule,which provides maximumandmini- st January /June2004. January [email protected] E-mail [email protected] or bye-mail: telephone Please contactMsPascale Golaeitherby Switzerland 8032 Zurich Löwenstrasse 19 attorneys-at-law Schellenberg Wittmer obtained, assoonavailable, uponrequest with: newsletter are beingtranslated intoChineseandmaybe The textoftheSwissRulesandabove mentioned Rules. by partiesthatwishtoarbitrate underthenew Swiss bitration clause, which ishighly recommended tobeused Rules provide theirusers withthewording ofamodelar- W be downloaded from thehomepage ofSchellenberg detailed newsletter onthenew SwissRulesinEnglishcan the following website: www.swissarbitration.ch anda The textoftheSwissRulesinEnglishare available on fective, disputeresolution. predictable andcost-efficient v fromaneutral benefit der theSwissRules,parties features.Bychoosingarbitrationun- state-of-the-art ern, proven (theUNCITRALRules)withmod- instrument thatcombinetheadvantagestional arbitrationrules ofa setofinstitu- arbitration practitionerswithauniform arbitration. ternational The new provide rules and parties ofSwitzerlandasacentreforin- hance theimportance andevenThe new toperpetuate SwissRulesserve toen- 5. Conclusion hn +41448220032 Fa Phone T F covering theshipments. andhavepulsory tobementionedonthedocumentation on allinvoices andpackinglists. These detailsarecom- will receive detailstobeadded induetimethenecessary forall their clients. packing service All theircustomers -LINK Group enue with a modern arbitrationlawenue withamodern thatprovides foref- or more information, pleasecontact: ittmer, attorneys-at-law: www.swlegal.ch. The Swiss T x+ -LINK Group is already certified andcanoffer the -LINK Groupisalreadycertified +41 121552 41448220082

30 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE LEGAL MATTERS – – – – – lowing amendments: summarizesthemostimportant (the revisions tookeffect onOctober1,2000). The fol- tion Commission(“CIETAC”) onitsarbitrationrules by on theissuesderiving fromtherecentamendmentmade China-related matterstotheirclients.Dr. Moserfocused ness inChinaaswell aslawyers who provide in support doingbusi- fromcompanies’representatives participants opments andLingeringIssues”attractedawiderangeof speaker. Histopic“Arbitration inChina:RecentDevel- Chapter welcomed Dr. Michael J. Moser*asguest of Schellenberg Wittmer atLaw,Attorneys theLegal At itsmeetingofFebruary 6,2004,heldatthePremises Arbitration inChina:RecentDevelopments heard by theforeign-relatedarbitration commissions thecaseswhich maybitration Law be doesnotdefine eign-related matters.CIETAC holds thatthePRC Ar- is saidtoprovide foranarbitrationcommission infor- inlinewiththePRC is infact Arbitration Law, which of CIETAC’s competencestoheardomestic disputes Critical opinionswere raisedaswhether theexpansion Convention. w CIETAC’s endorsementofsuchamicable agreement, w ofanarbitraltribunal priortotheformation the parties reachedbyconsequences ofanamicable agreement putes toarbitration.Basedontheprevious the rules outprior tosubmissionofthedis- cedures tobecarried Often arbitrationclausesalsoincludemediationpro- the parties. tration institutionsinordertochosetheonesuitable to compare thefeeschedulesofdifferent potentialarbi- depend ontheamountofclaim,itisworthwhile to duction ofitsfees16%.However, astheactualfees cases. Statisticsissuedby CIETAC show anoverall re- mestic andforeignarbitrationaswell asfinancial CIETAC hasestablished separatefeeschedulesfordo- has beenissuedby CIETAC. and who are entitledtoheardomesticarbitrationcases separate listofarbitratorswho areChinesenationals disputes andforeign-relateddisputes.Inthiscontext a bitration, asdifferent procedures apply todomestic Special provisions arenow includedfordomesticar- commissions areauthorizedtohandle. tire rangeofdisputeswhich localdomesticarbitration thority. CIETAC’s jurisdictionnow encompasses theen- for which originally CIETAC hadbeentheexclusive au- andforeign-relateddisputes, also includeinternational tration commissionshadpreviously beenextended to bitration institutions. The jurisdictionofdomestic arbi- strength incomparisontobothdomesticandforeignar- bitration casesinordertoimprove CIETAC’s marketing andforeign-relatedar- putes inadditiontointernational by CIETAC’s jurisdictionwas widened, mostimportantly

the China International Economicand the ChinaInternational Trade Arbitra- ere unclear. The revised now rules provide for hich canthenbeenforcedpursuanttotheNew York

e xtending itsjurisdictiontoincludedomesticdis- ternational BusinessLaw. topics andlecturer intheZurich University’s LL.M.-Programme In- author andeditorofnumerous articles andbooksonChineselegal member oftheChinaSecuritiesRegulatory Commission.Heisthe CIETAC andvariousotherarbitration institutions).Heisalsoa arbitration proceedings (member ofthepanelarbitrators of substantial experienceasarbitrator andcounselininternational tion andotherforms ofdisputesettlement.Michael J. Moserhas mining andnatural resources projects, andinternationalarbitra- tice includes advisingondirect investments, technology licensing, vising foreign clients doingbusinessinChinasince1980.Hisprac- Columbia University andGeorgetown University. Hehasbeenad- W Freshfields.ternational lawfirm As amemberoftheNew York and * Michael J. MoserisPartner andChinaBusinessHeadofthein- itance inaccordance withlaws. The Statemay launchex- State protectstheprivate and therightofinher- property “The legitimate private ofcitizensissacred. property The nese Constitutionof1949. The revised 13reads: Article protection ofprivate isrecognized property intheChi- severalCongress, beinginnovative. timethat Itisthefirst and 1999. ous amendmentswere maderespectively in1988,1993, lic ofChina,amendsthe1982Constitution. The previ- the highestorgan ofStatepower ofthePeople’s Repub- time that NationalPeople’sThis isthefourth Congress, R.ofChina tution oftheP. Amendments totheConsti- arbitration clausesmay notbeenforceable. providenot specifically such foranarbitrationtribunal, not acceptadhocarbitration,and, hence,ifclausesdo most careinChina-relatedmatters. Chinadoes As arule, ness thatarbitrationclausesneedtobedraftedwithut- aware- In hisspeechDr. Moserraisedtheparticipants’ ashington, D.C. Bar, heisagraduate oftheHarvard LawSchool, A totalof31amendmentshave beenadoptedby this cases. are involved butratherby thenatureofdisputed basedonwhat kindofentities are nolongerdefined ov the competencetodecideitsown jurisdiction.More- and thateacharbitrationcommissionhasbeengiven er, itholdsthatdomesticandforeign-relatedcases http://www.cietac.org.cn/english/e_index.htm Chairperson ofZurich Legal Chapter Fo r more information onCIETAC see or contact(seepage 3for details) Dr. EstherNägeli Source: www.law-lib.com March 2 Industry andCommerce, adopted onandeffective from Issued byMinistryofCommerce, State Administration of registering theenterprise. successful, theapplicantmay completetheprocedureby provincial bureaus)forapproval. Where bothstagesare ofCommerce(orits ticles ofassociationtotheMinistry Onceapproved,port. itshallsubmitthecontractsandar- fortheprojectproposalandfeasibilitystudyre- offices) andCommerce(oritsprovincialministration ofIndustry seekapprovalThe applicantshallfirst fromtheState Ad- ofCommerce(oritsprovincialthe Ministry bureaus). andCommerce (oritsprovincial and of Industry offices) ness incomeismorethanRMB2million. capital hasbeenactually contributedandtheannualbusi- mayterprise notestablish branchesunlesstheregistered major business. The foreigninvested en- advertisement of minimum3years andhaving astheir advertisement v v Formance recordofadvertisement. wholly foreignin- been operatingformorethan2years andhave aperfor- tisement business,which have beenestablished andhave conductingadver- the jointventure shallbeenterprises of aminimumregistered capital.However, to theparties cludes advertisement. Provideror aMacaoService whose scopeofbusinessin- asaHongKongthe investor Provider Service isqualified before10December2005unless ispermitted enterprise ceeding 70%.However, nowholly foreigninvested trolling shareholdinginthejointventure butnotex- v ofajointventuretake orawholly theform foreignin- shall beappliedtogether withthisregulation. governingsition, therules M& A by foreigninvestors by industry waythe advertisement ofmerger andacqui- ov totheexistentadvertisement scopeofbusiness.More- bytisement industry foreigninvestors, includingadding This regulation appliesto the investment intheadver- Enterprises byFIs Investment inAdvertisement ments adoptedonandeffective from March 14 National People’s Congress (NPC),Constitutional Amend- tects humanrights.” 3,reads:“TheStaterespectsandpro- 33 asparagraph rated intheConstitution. A provision isaddedto Article lowed by compensation.” bycordance withlaws, public interestsandfol- justified izens, provided thatsuchactionsareconductedinac- propriation orrequisitionagainstprivate ofcit- property Source: www.china.org.cn estor areincreasedtotheestablishment andoperation therequirementsforforeignin- ested enterprises, ested enterprise. The foreigninvestor may have acon- The approving authoritiesaretheState Administration This regulation doesnotprovide forthe requirement The foreigninvested may enterprise advertisement timethathumanrightsareincorpo- It isalsothefirst er, intheevent thatforeigninvestors wishtoinvest in nd 2004. th 2004. http://www.wengerlaw.ch/EN/publications/1/index.asp www.sinoswisstravel.ch visit: For additionalinformation Xin HuaBookstoreBeijing,China. available inalllargerbookshops including manners andgoodconversationalrules. guest shouldbehaveandunderstandwestern as wellinarestaurant.Itdescribeshow guests athome vice onhostingandserving world.Italsogivespractical ad- the western ten comeupwhileenjoyingfoodanddrinkin questions ofbehaviourandetiquettethatof- countries. in Europeandtheotherwestern a helpfulpocketbookforChinesetravelling andfriendsalso nese businesspartners This newbookisanidealgiftforyourChi- eidg. dipl.Hotelier/Restaurateur Author: JieSchneebeli-Chen, in Chinese Book ofEtiquette Published inChineseApril2004,itis The Chinesereaderfindsmanyanswersto Check theChinaLegal archives Briefing on: Obtain yourpersonal subscriptionfrom: Summary by Wenger Vieli Belser ch [email protected] 31 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE LEGAL MATTERS 32 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE NEWS FROM MEMBERS – Stay intouchwithyour personalmailanytime andany- Fr tions you may have aboutSwitzerland. – http://swisshelpdesk.org provides answers toany ques- Swisshelpdesk about museums, hotelsandalotmore. with information destination inSwitzerlandathttp://www.swissgeo.org – Interactive, multilayered mapsenable you tolocateany Swissgeo aboutSwitzerland. speedy accessinformation – An extensive database ofSwisswebsites, offering Swisslinks offeredOther services by www.swissinfo.org : http://www.swissinfo.org/scn/swissinfo.html?siteSect=350 more aboutlifeinSwitzerlandat land, aselectionoftraditionalSwissrecipes,andmuch eventsbanking), thereisacalendarofcurrent inSwitzer- assurance, mation aboutlegal procedures(marriage, Switzerland. As well asdetailedandup-to-dateinfor- forthegrowingformation Chinesecommunityin cently providing launchedaspecial service practicalin- addition tothesewell-established swissinfo re- services, In land withawidevariety andservices. ofinformation s theChinesecommunityinSwitzerland Serving land withanaccentontheChinese-Swissrelationship. The siteisenhancedwithselectednews aboutSwitzer- converter. andacurrency visaformalities information, day orbusinesstriptoSwitzerlandthroughmaps,travel tourism sectionoffers advice onhow toprepareaholi- to know toenrolinhighereducationSwitzerland. The tion, forexample, includes details aboutwhat you need on services. weThe information provide abouteduca- guage sitesofwww.swissinfo.org inthatitfocusesmore Switzerland. The Chinesesitediffers fromtheotherlan- nese-speaking regions gainabetterunderstandingof istohelppeopleinChi- The aimoftheChineseservice a widerange ofSwisstopicsfrom aChineseperspective. nese language serviceoffers in-depthinformation about make thatcommunicationpossible. swissinfo/SRI’s Chi- wo has strong politicalandeconomictieswiththerest ofthe tant thanever. And for acountrylikeSwitzerland –which Communication amongdifferent cultures ismore impor- www.swissinfo.org Switzerland’s MultilingualInformationPlatform wissinfo provides ChinesepeopleinterestedinSwitzer- eemail r ld –itisvitalthatthenecessarytoolsare there to parliament inBern. Geneva spaceatthefederal andZurich.Italsohasoffice s more than200peoplefrom24countries. The company was foundedin1934andtoday employs is available inninelanguages:www.swissinfo.org. developed itsown which news platform, andinformation g In additiontoitsshortwave andsatelliteradiopro- country. crease people’s awareness ofSwitzerlandoutsidethe about news andevents intheirhomecountry, andtoin- Swisslivinginfo/SRI hasamandatetoinform abroad scienceandtourism.swiss- economics, culture,sport, s oftext, imagesandaudio. form The topicscovered by ian, Spanish,Portuguese, Arabic andJapanese)inthe French, Ital- nine languages(Chinese,English,German, providesinfo/Swiss RadioInternational in information ofswiss-The multimedianews platform andinformation Swiss RadioInternational General informationaboutswissinfo/ (http://freemail.swissinfo.org). w wissinfo has its headquarters in Bern and has offices in andhasoffices inBern wissinfo hasitsheadquarters wissinfo/SRI includepolitics,socialdevelopments, rammes andtelevision productions,swissinfo/SRI has here intheworld withourfreeweb-based mailservice Swiss-Chinese Chamberof Commerce Events, publications, specialtopics swissinfo/Schweizer RadioInternational(SRI) F or furtherinformation pleasecontact: www.sccc.ch Internet: http://www.swissinfo.org E-Mail: [email protected] F T el.: +41313509222 ax: +41313509544 Giacomettistrasse 1 CH –3000Bern15 Switzerland

34 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE NEWS FROM MEMBERS Riggenbach himselfdrove thefestive traintotheheights mountain railway inEuropewas opened. officially Finally,300-metre trialrun. on21May 1871,thefirst motive madeitsfirst Luzern’, No.1,calledthe‘Stadt 1869. OnRiggenbach’s birthday on21May 1870,loco- oftherailwayThe construction began inmid-September already greatly over-subscribed day ofissue. onthefirst liability company andoffered 1250shares, which were foundedalimited 9 June1869. The initiators’committee theconcessionon granted States, theCouncilofLucerne similar railway was alreadyinoperationtheUnited the Vitznau-Rigi Railway. When itbecameknown thata tobuild forpermission plication tothecantonofLucerne Olivier Zschokke and Adolf Naef,hesubmittedanap- patented inFrance in1863.Jointly withfellow engineers climbs by meansofcog-wheels andtoothedracks,was bach’s invention, which would guidetrainsacrosssteep all enjoy thebeautyofourgloriouscountry.” Riggen- w Railway inthemid-19thcentury. Inhisown words: “I ofthe theconstruction bach masterminded Vitznau-Rigi his pioneeringspirit,SwissengineerNiklausRiggen- Aw The Vitznau-RigiRailway(VRB) Mt. Rigi–“QueenoftheMountains” ant totake everyone upintothemountains,sothey can are ofthesceniclocationMt.Rigi,anddriven by This routewas handed tothe Vitznau-Rigi Railway com- ofthepanoramicrouteStaffelhöhe-Rigistruction Kulm. CompanyArth immediately totacklethecon- started K Cantonal Councilfortheroutesbetween Staffelhöhe and from obtainedtheconcessionfromSchwyz Arth Railway.Arth-Rigi In1870,acommitteeof12citizens Riggenbach andZschokke alsobuilttherack-and-pinion The Arth-RigiRailway(ARB) 578,070 passengers. ber was year of1971,with reachedinthecentenary they hadagainincreasedto102,021. The highestnum- declinedforafew years, butby1875 thesefigures 1886 f 60,000, andin1874the100,000markwas passedforthe f use the Vitznau-Rigi Railway annually. Butduringthe CHF 1’250million. The railinstallation,buildingsandrollingstockcost between andSchwyz). höhe (cantonalboundary Lucerne stationRigiStaffel- astheterminus of Mt.Rigi,asfar irst time. With theopeningof RailwayArth-Rigi in totalledmorethan irst year ofoperationthefigure ulm aswell asbetween and Kulm. Oberarth Arth, The It hadbeenanticipatedthat50,000passengerswould structed networkstructed ofpaths,invites you bothinsummer pany. colour andwiththenew logo oftheRigiRailways Com- replaced by new, panoramacabins,white in modern the cable carin1993,thetwo redpassengercabinswere approximately 90km 1,800 m. risestoaheightof Lauerz, the‘QueenofMountains’ mountain world, by Zug and Lake surrounded Lucerne, ofSwitzerland,heart rightinthemiddleofanimposing unforgettable excursion andholiday paradise.Inthe scape, theRigienjoys reputationasan aninternational Because ofitsuniquelocationandbeautifulland- Mt. Rigitoday the cog-wheel railway station.Onthe25 bad connectsthemountainstationofcable carwith in lessthan10minutes. A 100-metrepathatRigiKalt- minute intervals, andcrossesaheightdifferential of924 rosseriewerke Company of Aarburg. cableway. The large cabinswere suppliedby theCar- thetechnicalinstallationsof Goldau, manufactured vice on15July 1968. The company K.Garaventa Sons, We Railway Company. erating licenceforanaerialcableway totheexisting Rigi nau-Rigi Railway, theSwissgovernment anop- granted direct opencompetitionwiththelong-established Vitz- tried tocreatealinkwithRigiKaltbad.Inorderavoid F (LWRK) The Weggis-Rigi KaltbadAerialCableway in Switzerlandtochangeelectrictraction. wa w K ontheGoldau- service As early as1907,theelectrified sides toprotectpassengersfromthesun,rainandwind. onboth riages were fitted luxurious,withcurtains very 1875 alongtheentireroute. The openpassengercar- been agreed. locationoftherailwaythe definitive stationin had Arth 1874 the sectionwas begun after Arth-Oberarth-Goldau Staffel inthesummerof1873,and railtrackstarted steam locomotives. oftheGoldau- The construction ofthesix cost ofSFr 4.2millionandalsosuppliedfive outtherailwaycarried projectasgeneralcontractorata Aarau, foundedby NiklausRiggenbach. This company Companyto theInternational forMountainRailways in Railway was cededby inearly theoriginalgroup 1873 the railsectionStaffelhöhe-Rigi Kulm. Rigi Railway company hadtopay rentforuseof ground until themerger ofthetwo railways in1992,the Vitznau- pany foroperationinthesummerof1873.From 1873 or decades,various community initiatives in Weggis as a true pioneeringachievementas atrue –the Rail- Arth-Rigi ulm mountainroutewas inaugurated. This conversion The sports andholidayThe sports region, which covers anareaof The cable car operatesthroughouttheyear at30 periodofonlyAfter aconstruction 11months,the The RailwayArth-Rigi operationon4June started ofthe The concessionfortheconstruction Arth-Rigi y was the first standardgaugerack-and-pinionrailwayy was thefirst ggis-Rigi Kaltbad Aerial Cableway was putintoser- 2 , iscar-free and, withitswell-con- th anniversary of w self-propelled, cog-wheel inthe operatedcarriage 6[1911,theoldest ARB carriage ‘Belle Epoque’[1873], steam locomotives [1923,1925],2salooncarriages unique fleetofnostalgicvehicles forspecialtrips:2 vehicles, theRigiRailwaysdition tothenormal have a oftheRigiguests.Inad- transport Kaltbad forefficient tumn preparesthePanorama cableway Weggis-Rigi maintenance work weeks lastingfive inspringandau- erate throughouttheyear asRigiKulm. asfar Annual the SWISSNESS. tinues tobetheperfectdestinationforexcursions tofeel horse-drawn toursareonoffer. carriage The Rigicon- maintained winterwalking paths,anaturalicerinkor skiing,well-sleighing tracks,panoramacrosscountry stretches out.Inwinter, arichvariety ofskislopes, w eral kilometres. There areincomparable sunrisesto visitor canenjoy apanoramicview stretchingover sev- F and wintertogoonwalks andmountainexcursions. rom thevarious specially marked viewing points,the orld], 35[1899],OriginalRigiPullman ARB carriage atch, andinautumnparticularly, agiganticsea ofmist The cog-wheel railways fromGoldauand Vitznau op- (continued onnextpage) 35 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE NEWS FROM MEMBERS 36 BULLETIN 1/04 SWISS–CHINESE CHAMBER OF COMMERCE NEWS FROM MEMBERS 3-course LunchB: cream Chicken “MexicanStyle”withrice,mixedice Mt. RigiRoyalRoundT Package 1 T and 3-daysMt.Rigirailwayticket) Rigi (basedonsingleroom, including breakfast atahotelofyourchoiceonMt. 2 overnights of Mt.Rigiduringthesunset! Enjoy thebreathtaking panoramic viewontop on Mt.Rigi 3-course LunchA: of Mt.Rigiwhileyourhavinglunch! Enjoy thebreathtaking panoramicviewontop Kulm Hotel T trip: appox.2.5h Duration oftheRigiRoyalRoundTrip withboat of Mt.Rigi! Enjoy thebreathtaking panoramicviewontop Lake Lucer Rates are net(incl.VAT) Conditions 1st January2004to31stDecember V Mt. RigiRoyalRoundT Package 2 T Lunch: appox.2.5h Duration oftheRigiRoyalRoundTrip incl. mixed icecream with lemonsaucericeandvegetables, Mt. RigiRoyalRoundT Package 3 otal from: otal: otal: alidity the Swiss-ChineseChamberofCommerce Product- &SalesManagerForeign Countries CHF 58,-- CHF 62,-- Mt. RigiRailwaysCH-6354Vitznau SPECIAL OFFER2004 for theDelegates/Membersof ne CHF 185,-- www.rigi.ch /[email protected] Phone: +41413998787 [email protected] Fax: +413998700 Reservation Manager Mrs MoniqueNiggli [email protected] Mrs ElkeGuth Y our contact: V V egetable Soup,Flakesof egetable Soup,Fishfillet rip including2over rip includinglunchatRigi rip includingboattripon nights nau. stationed in Küssnacht,Greppen, Arth, Weggis and Vitz- could rentasedanchairoreven ahorse.Rigibearers were rooms toaccommodatebetween 280and300people. b of theKulm guesthouse. In1875,theHotelSchreiber, devil alpineclimberswrote theirnamesintheguestbook gust 1816onRigiKulm. As early as1819,1036dare- Mt. Rigi,J. guesthousein M.BürgiAu- openedthefirst Rigi Klösterli. [1803],tourismtruly arrived in inn, ‘MariazumSchnee’ y onfootevery madethejourney around 15,000pilgrims builtin1689,andsoon, to the‘MariazumSchnee’chapel for fullboardatthattimewas CHF11.00. function-, ladies-,writing-andmusic-rooms. The cost after completionin1868,had240beds,adininghall, hundred years later, thenew sparoomswere builtwhich, ing hadapastor’s flat,four guest roomsandalounge. A inninRigiKaltbad. The build- ofthefirst construction v medicinal baths,thehotelandcateringbusinessalsode- cured oftheirailments. With thegrowing popularityof century, whenmadetheirway pilgrims toKaltbadbe flowering1353. Mt.Rigiexperienced itsfirst inthe17 mentioninpublic recordsgoesbackto Lauerz. Itsfirst pass’, between Lake ZugandLake Lake Lucerne, an ‘advance citadelontheway totheGotthardmountain title‘QueenoftheMountains’,RIGI.Itlieslike orary There isonly oneSwissmountainwhich bearsthehon- The Rigibeforetherailwayconstruction hostess,while travellinga charming atadizzyheight. by themenu‘Rigiexperience’ the guestswillbeserved areonoffer. For 100minutesoftravel time, and earth’ Swiss‘PanoramaKaltbad, toursbetween heaven thefirst P 35].Inthenew 6/carriage Composition [carriage ear toRigiKlösterli. With ofthefirst theconstruction eloped. In 1756, the Lucerne authoritiesapprovedeloped. In1756,theLucerne the uilt inthechicpalacestyle,opened.Ithadsufficient anorama cable carcabinsofthecableway Weggis-Rigi V railwayLong beforethefirst climbeduptothepeakof began atRigiKlösterli, At thesametime,pilgrimages isitors toMt.Rigiwho foundtheascenttoodifficult F or furtherinformation pleasecontact: Internet: http://www.rigi.ch F T ax +41413998700 E-mail: [email protected] el +414139987 Mt. Rigi-Railways CH-6354 Vitznau Switzerland . . O P. Box th