The Export-Import Bank of China: Want to Be the Best in A Better World ?

China’s Economy in H1: Better Performed Yet Uneasy to Say Upturn

邮发代号：80-799 国内刊号：CN11-1020/F 国际刊号：ISSN0009-4498 Jiangxi Changhe Motors Co.,Ltd.

I. The introduction of Changhe Motors Established on Nov. 26, 1999, Jiangxi Changhe Motors Co.,Ltd. is located in Jingdezhen, Jiangxi prov- ince, the famous city of China. It was sanctioned by National Economic and Trade Committee, Changhe Air- craft Industries Group is the main sponsor. Jiangxi Changhe Motors Co., Ltd. (Changhe Motors) is one of the leading motor manufacturers, and the R&D and production base of small emission autos. The first microbus of China was manufactured here. Changhe Motors has 6000 employees, with the registered capital of RMB 410 million. It has three bases of finished car manufacturing, including Jingdezhen, Jiujiang and Hefei, one engine manufacturing base in Jiujiang, and a industrial park of auto parts production. With a production pattern of crossing over two prov- inces and three cities, the company has developed an annual production capacity of 300,000 finished cars and 150,000 auto engines. The company covers a wide business range of the series of mini cars, the design, development, manufac- ture, sales, aftersales services for economic vehicles, and the development, consultation and services of the relevant projects. The company adheres to the concept of “Striving for the mission of letting cars drive into the average families”. The company is devoted to the mission of boosting China’s auto industry, making great contribu- tions to the clients, shareholders and the society with the highest quality. The government leaders have shown great concerns to Changhe Motor’s development. Jiang Zemin, Li Peng, Wu Bangguo, Zeng Qinghong, Wu Guanzheng, Hui Liangyu, and some other national leaders, have visited the company, and given high praise to it. II. The main products By adhering to the concept of safety, environmental protection, and energy saving, Changhe Motors has kept developing new family cars. Since 1982, when the company produced the first mini lorry, up to now, it has developed and introduced in new products to meet the market demand. It has produced mini lorries, mini buses, mini asloon cars, middle level saloon cars, etc. It has developed five platforms, and 8 major systems of a hundred kinds of vehicles, which are smoothly sold across the country. The first generation of leading products was named series of CH1010, which took quite consider- able market shares in the domestic mini car market. It has made quite a good foundation for the develop- ment of the company. Former Premier Li Peng gave it a pretty name “locust”. The products of the second generation was called series of CH1018 system, with a development rate of over 40%, marking the most splendid period of the company, the sales and production have topped the domestic car industry for many consecutive years. The products of the third generation are named “Charles’s Wain” and “Ideal”.

Jiangxi Changhe Automobile Co., Ltd. Add: No.208 Xinchangdong Road, Jing- dezhen, Jiangxi 333002, P.R.China Contact Person: Zhou Zhenguang Tel: 86-798-8462884 Fax: 86-798-8462987 E-mail: [email protected] Web Site: www.changheauto.com Lifestyle on stage Robotech Star Trip Part 1 - Adventure on Frente! China Tour at Beijing Concert Earth during the day Artists: Frente Guest: Cuba is Japan Date: August 3, 20:00 Part 2 - The night journey of the galaxy Price: On door RMB 350, In Advance RMB 280, VIP Artists: TBC Date: July 31, 15:00 RMB 500 Price: On door RMB 110, In Advance RMB 90, Students Add: The Star Live, 3Floor, No.79, Hepingli Xijie, Dongcheng RMB 50, VIP RMB 200 (Limited 90) District, Beijing Add: The Star Live, 3Floor, No.79, Hepingli Xijie, Tel: 86-10-64255677 Dongcheng District, Beijing Frente! was an Aus- Tel: 86-10-64255677 tralian alternative pop/ DEJ - Digital Entertainment Jam proudly presents the one- rock group, formed in day & one-night Battlestar party. The outstanding STARS 1991. The lineup fea- from both digital entertainment and electronic music areas will tured singer Angie Hart, bring you a nearly founder and guitarist 20-hours soul touch- Simon Austin, bassist ing effect. One ticket Tim O’Connor (later for a 20-hours gal- replaced by Bill McDon- axy tour starts now: ald), and drummer Mark Beijing under- Picton (later replaced by ground rock band Alastair Barden). - tumbleweed, domi- Frente! burst onto nating hip-hop (street the Australian music charts with the singles “Ordinary Angels” dance) / modern (from the Clunk EP, #3, gold) and “accidentally Kelly Street” dance groups, trea- (#4, platinum) in 1992. Notable as much for the bizarre film clips sure-hunting campus (“accidentally Kelly Street” consisted of the band with oversized game with prizes, novelty props of household items, and the title of the song was amazing interactive purposely mis-spelled as “accidentally”) as their light-hearted games, a DIY student self-owned ARTS flea-market and an pop lyrics, Frente!’s debut album, Marvin the Album (#5) was enrich-yourself exhibition (with works of various workshops at also a success, going platinum in Australia. Another single was DEJ), lead you to game topsy-turvy digital entertainment and released from the album in early 1993, “No Time” (#50), which the whole Star Live. did not fare as well. Two live performances, five international famous electronic “accidentally Kelly Street” was parodied by The Late Show, and arts labels, 11 amazing international DJs and VJs, the com- featuring Jane Kennedy and Tony Martin and Mick Molloy and bination effects of sound/light/electric/animation will strongly Santo Cilauro. It was named “Accidentally Was Released”. stimulate all your senses. They all will surely guide you into “Ordinary Angels” finished the year as the 20th best sell- the distant interstellar time-space and give you an unforgettable ing single of 1992 on the ARIA charts, with “accidentally Kelly DEJ-Beijing Digital Entertainment Festival. Street” finishing 29th. Tickets online: www.clubzone.cn The band promoted overseas in 1994 with their biggest suc- Tickets hotline: XUE: 15010108149(Chinese/English)/ cess being an acoustic cover version of New Order’s “Bizarre TAN: 15811193827(German/LIU: 13810504307(Japanese) Love Triangle” which reached #76 in the UK (following releases of earlier tracks “Ordinary Angels” which did not chart and “accidentally Kelly Street” which reached #84). “Bizarre Love Wang Xiaokun “The Girls” 2009 Beijing Triangle” was released in Australia on a re-issued version of the “Lonely” EP in 1994 (#7, with the first issue charting at #88). Concert at Star Live The cover was also a hit in the United States, charting at #10 Artists: Wang Xiaokun & on the Modern Rock Tracks chart and #49 on the Billboard Hot The Band 100. The band’s only other chart placement in the US was a rer- Date: August 1, 20:00 elease of the “Labour of Love” single, which manged #9 on the Price: On door RMB 100, Modern Rock Tracks chart. In Advance RMB 80, VIP In between the first and second Frente! albums, Angie Hart RMB 160 (limited RMB 80, lent her vocal to an Australian single by Pop! titled “Tingly” Including a Premium Edition (#92), released in late 1995. Album) Frente! released a second album, Shape, in 1996, but it didn’t Add: The Star Live, produce hit singles (the first single “Sit On My Hands” peaked at 3Floor, No.79, Hepingli Xijie, #66 in Australia, and the second, “What’s Come Over Me” did Dongcheng District, Beijing not enter the top 100 although it did reach #83 in the UK) like Tel: 86-10-64255677 their previous effort and hence sold poorly, peaking at #35. Fr- ente! broke up shortly after its release to pursue other projects. Frente! also has a track on the compilation album Saturday Lifestyle Morning, a cover version of “Open Up Your Heart and Let the expression and its sympathetic production this masterpiece set Sun Shine In” from The Flintstones. The album was released on new standards in the history of Dark Rock Music and highlights 5 December 1995. a remarkable career up to then! Frente! also appeared on the soundtrack for the hit Ameri- After the release of this album LACRIMOSA went on an can TV show: Melrose Place with the song “Ordinary Angels”. extensive tour that reached from Europe through America to This album was released 18 October 1994. Asia. After returning from their so far biggest tour in 2007 Frente! disbanded in 1996, and Angie Hart moved on to the the two-hours double-CD “Lichtjahre” (Lightyears) and the pop duo Splendid, and later to the band Holidays on Ice. Her de- three-hours DVD of the same name got released, which offers but solo album was released in 2007. deep impressions in the life on tour of a band, that moves and In January 2005, Frente! reformed for some Australian east delights the audience of different cultures on different parts of coast dates. The line-up for these shows was Angie Hart, Simon this world in the same way. Austin, Bill McDonald and Pete Luscombe on drums. (Informa- tion courtesy of en.wikipedia.org) Supercoppa Italiana TIM 2009, Beijing Time: August 8, 2009 Lacrimosa “Dark King” Beijing Concert Venue: National Stadium (Bird’s Nest) at Star Live Price: RMB 180/380/580/780/980/1280/1680/1880/2880 Artists: Lacrimosa Supercoppa Italiana Date: August 4, 20:30 The Supercoppa Italiana (Italian Super Cup) is a pre-season Price: A Area RMB 480 football competition held the week before the season begins in (In Front), B Area RMB 280 Italy every year. It is contested by the winners of the Serie A (Behind), C Area RMB 480 and the Coppa Italia in the previous season, as a curtain raiser (Second Floor, Limited RMB to the new season. It is usually played at the home of the Serie 80), VIP RMB 880 (Exclusive, A champions. In 1993 and 2003 it was held in the American Limited RMB 80) cities of Washington, D.C. and East Rutherford. The 2002 final Add: The Star Live, 3Floor, No.79, Hepingli Xijie, Dongcheng District, Beijing Tel: 86-10-64255677 The ultimate ruler of Dark Wave/Gothic/Orchestra music! From the ancient continent of Europe, the mysterious goth- ic metal group — Lacrimosa! Coming to one of the world’s top music academies — shanghai conservatory of music was played in the Libyan capital Tripoli. in October! If the same team wins both Serie A and Coppa Italia, then World class metal group debuting in China’s top classical the Supercoppa is contested by the Serie A winner and the Cop- music hall! pa Italia runner-up. This has happened so far in 1995 (Juventus), In November 1990 the swiss music scene started to get curi- 2000 (Lazio) and 2006 (Inter). ous about Tilo Wolff’s Projekt LACRIMOSA as his music in Currently, A.C. Milan holds the record for winning the cup form of a tape “Clamor” reached the people of the underground the most times, winning it five times since the competition began scene. This melancholic music filled with classical elements, in 1988. The 21st edition, played in August 2008, was won by In- surrounding poectic lyrics and topped by a emotional voice was ter, Serie A champions, who defeated Coppa Italia winners Roma something which fascinated many and quickly a scene was rais- 6-5 in the penalty shoot-out after a 2-2 draw at the San Siro. ing up, which was nearly already forgotten. The 2009 Supercoppa Italiana will be a match that will be LACRIMOSA’s music had been coloured by several guest played by Serie A 2008–09 winners Internazionale and Coppa musicians, but in the beginning of 1994, Anne Nurmi joined the Italia 2008–09 winners S.S. Lazio. The match will take place former soloproject to become a permanent member. Anne Nur- on 8 August 2009, and probably will take place in the Beijing mi, who was the keyboarder, singer and one of the grounders of National Stadium in China. the finnish band TWO WITHCES, was setting new musical ac- cents with her singing and composing. The following releases were managing to combine the rough- Cold Fairyland Beijing Concert at Star ness of Metal and Gothic Rock, without loosing the most obvious love for classical music. With this revolutionary sound, LACRI- Live MOSA was pioneer and obstetrician for musicstyles like Gothic Artists: Cold Fairyland Metal and Symphonic Metal, which both became a hugh trend! Guest: Zhang Chu After the collaboration with the world-wide known LON- Date: August 8, 20:30 DON SYMPHONY ORCHESTRA, top 20 positions in the Price: On door RMB 60, In Advance RMB 50, Students German and Polish music-charts, sold-out shows in Europe, RMB 50 Middle- and South America, on May the 2nd 2005, just on time Add: The Star Live, 3Floor, No.79, Hepingli Xijie, for their 15th anniversay, the new studio album “Lichtgestalt” Dongcheng District, Beijing (luminous figure) got released! With its musical variety, its full Tel: 86-10-64255677 Lifestyle ART & GALLARY Galleries 798 Space Dashanzi Art District, 4 Jiuxianq- Feng Mengbo: iao Lu, Chaoyang District, Beijing 798时态空间 朝阳区酒仙桥路4号798大山子 Restart 艺术区 86-10-64384862/64376248 July 25 - August 30 88 Art Documentary Storehouse Opposite Long March：Restart Tongda Shengtaiyuan, Laiguangying Don- Digital still from glu, Chaoyang District, Beijing Interactive new media 88艺术文献库 朝阳区来广营东路同达生态 Installation. 园对面 86-10-84701780/ 传真64359824 Courtesy of artist 9x9 Gallery Dashanzi Art District, 4 Jiuxian- qiao Lu, Chaoyang District, Beijing 玖_玖画廊 朝阳区大山子艺术区798工厂院 内 86-10-13311294683

Amelie Gallery and Creative Studio Rm 505 Bldg 5H, Huamao Zhongxin, 89 Jiangou Lu, Chaoyang District, Beijing 龙艺榜 朝阳区建国路89号华贸中心5楼H座 505室 86-10-65307048

Art Channel East End Art, 249-3 Caochang- Shi Zhiying: From the Pacific Ocean to the High Seas di Village, Chaoyang District, Beijing 艺术通道 朝阳区草场地村319-1艺术东区B July 25 - August 30 区内249-3 86-10-13521714691 Sea Sutra-The Pacific Ocean-South Sea-North Sea 130×200cm×3 oil on canvas Artists Village Gallery 1 Renzhuangcun Bei, Songzhuang, Tongzhou District, Beijing 画家村画廊 86-10-69598343

Beijing 9 Art Space 62 Guanyintang Wenhua Emerald Tablet presents the first solo show of Chen Xiaoyun Dadao, Wangsiying, Chaoyang District, Beijing in ShanghART Gallery. 北京9艺术空间 朝阳区王四营观音堂文化大 道62号 86-10-67367781 Duration: July 19, 2009 - August 18, 2009 Venue: ShanghART H-space, 18 blg.50 Moganshan Rd. Shanghai Beijing Art Now Gallery Worker’s Stadium, Opening Hours: 1 pm-6 pm opposite Gate 12, Chaoyang District, Beijing The exhibition speaks the rule behind desire and fantasies, and the title, Emerald 现代画廊 朝阳区工人体育场12号看台对 Tablet, relates to a text with 13 proverbs in 1900 BC which purporting to reveal the secret 面 86-10-65511632 of the primordial substance and its transmutations. It claims to be the work of Hermes Beijing Central Art gallery &Cultural Venue 2 Trismegistus (“Hermes the Thrice-Great”), a legendary Egyptian sage or god, variously Riverville Square, 1district 1, Tianzhu Devel- identified with the Egyptian god Thoth and/or the Greek god Hermes, and the proverbs was opment Zone,Shunyi District, Beijing worshipped by ancient alchemists. 硕华画廊 顺义区天竺丽来花园一区1号温榆 广场2号 86-10-64508483/8646 Three parts separately represents “material”, “soul” and “outer images” with photo- graphs, videos and installations, and the discussion suggests the inner world of beings. Hav- Beijing Commune Dashanzi art district 4 ing touched the balance around all mortals and immortals, now, Chen Xiaoyun practices to Jiuxianqiao Lu, Chaoyang District, Beijing unfold his attention involved with experimental irony. The artist thinks the rules from the 北京公社 北京朝阳区酒仙桥路4号大山子艺 术区 86-10-86549428 Emerald Tablet work on him too as they guided the ancient alchemists to explore the physi- cal world with strong essence. Moreover, the precious factors in alchemy like “uncertainty” Beijing East Gallery Deshengmen Watch- and “frustration” were inherited by art. Chen Xiaoyun speaks his mind carefully with met- tower, Beierhuan Zhonglu, Xicheng District, aphors and scenarios. Like the image of “octopus”, which was given multiple implications Beijing like “king” “sun” or “comet”, a 北京艺术林画廊 北京西城区北2环中路德胜 门箭楼 86-10-82014962 power in chaos. Nevertheless, the rigorous order and basis appears CS art 5 Sanlitun Xiwujie, Chaoyang, Dis- whenever the surface was broken trict, Beijing through, and the reason of every- 西五画廊 北京朝阳区三里屯西五街5号院 thing runs on the same track. 内 86-10-64603950 As what was carved on China Millennium Monument Jia No.9, Fuxing the Emerald Tablet: As with- Rd, Haidian District, Beijing in, so without. As above, so 中华世纪坛艺术馆 北京海淀区复兴路甲9 below,bringing with all his faith, 号 86-10-59802222

efforts and investigation to the Capital Museum No 16 Fuxingmenwai Street, unmerciful world, Chen Xiaoyun Xicheng District, Beijing documented the daily-looking 首都博物馆 北京市西城区复兴门外大街16 scenes that perhaps will reset 号 86-10-63370491/92 your view to the daily life. Lifestyle best seller The Post-America World This is not a book about the decline of America, but rather about the rise of everyone else. So begins Fareed Zakaria’s important new work on the era we are now entering. Following on the success of his best-selling The Future of Freedom, Zakaria describes with equal prescience a world in which the United States will no longer dominate the global economy, orchestrate geopolitics, or overwhelm cultures. He sees the rise of the rest, the growth of countries like China, India, Brazil, Russia, and many others as the great story of our time, and one that will reshape the world. The tallest buildings, biggest dams, largest-selling movies, and most advanced cell phones are all being built outside the United States. This economic growth is producing political confidence, national pride, and potentially international problems. How should the United States under- stand and thrive in this rapidly changing international climate? What does it mean to live in a truly global era? Zakaria answers these questions with his customary lucidity, insight, and imagination. Author: Fareed Zakaria is the editor of Newsweek International and writes a weekly column on international affairs. His previous book was the New York Times bestseller The Future of Freedom. He lives in New York City. Editors Recommend: “Thought provoking and important ... read Zakaria to know what has, should and will happen.” – The Observer “Zakaria’s writing is clear and strong ... The Post-American World cites a dazzling array of anecdotes, incidents, quotations and statistics.” – The Economist “A relentlessly intelligent book.” – New York Times “Fareed Zakaria ... has written a minor masterpiece full of pragmatic, informed intelligence.” – Jason Burke The Ascent of Money Bread, cash, dosh, dough, loot: Call it what you like, it matters. To Christians, love of it is the root of all evil. To generals, it’s the sinews of war. To revolutionaries, it’s the chains of labour. But in The Ascent of Money, Niall Ferguson shows that finance is in fact the foundation of human progress. What’s more, he reveals financial history as the essential back-story behind all history. The Ascent of Money charts the evolution of credit and debt as important as any technological innovation in the rise of civilization, from ancient Babylon to the silver mines of Bolivia. Banks provided the material basis for the splendours of the Ital- ian Renaissance, while the bond market was the decisive factor in conflicts from the Seven Years’ War to the American Civil War. With the clarity and verve for which he is famed, Niall Ferguson explains why the origins of the French Revolution lie in a stock market bubble caused by a convicted Scots murderer. He shows in The Ascent of Money how financial failure turned Argen- tina from the world’s sixth richest country into an inflation-ridden basket case – and how a financial revolution is propelling the world’s most populous country from pov- erty to power in a single generation. Yet the most important lesson of the financial history is that sooner or later ev- ery bubble bursts – sooner or later the bearish sellers outnumber the bullish buyers – sooner or later greed flips into fear. And that’s why, whether you’re scraping by or rolling in it, there’s never been a better time to understand the ascent of money. Niall Ferguson talks about The War of the World, his previous book, here. Author: Niall Ferguson is Herzog Professor of Financial History at the Stern School of Business, New York University. He is also a Senior Research Fellow of Jesus College, Oxford, and a Senior Fellow of the Hoover Institution, Stanford University. His books for Penguin include The Pity of War, The Cash Nexus, Empire: How Britain Made the Modern World and War of the World. 2009 No.14/459

BI-WEEKly WATCH 8 Figure 9 Agriculture 10 Energy 11 Chemical 12 Steel 14 Auto 14 Electronics 15 Textile 16 Health 17 Culture 18 Finance 19 Investment 20 Transportation 21 WTO

Special report 24 China’s Economy in H1: Better Performed Yet Uneasy to Say Upturn 26 Outlook from China Q2 Data 31 Learn from South Korea 33 Sino-EU Trade, New Measures for 2009 34 Economists Concern about China’s Reform and Revitalization

Updates The foreign trade continued to drop sharply with a slight 36 Im/Ex Shrinking Slow Down in June 24 decrease of trade surplus. The total value of imports and exports for the first half was US$946.1 billion, down by 23.5 percent year-on-year. The value of exports was US$521.5 CITY billion, down by 21.8 percent, and the value of imports was US$424.6 billion, down 25.4 percent. 38 Qinghai, the Green Sea

Eye on China 42 Local Confidence – Global Opportunities

INVESTMENT INFO 44 Investment Projects in Western China

Industry 48 Virtual Waterless Port: “Bring the Port Forward”

ccpit 51 China-Liberia Investment and Trade Forum Held Snow-covered mountains, icy peaks, deserts, vast pastures 38 and sparkling lakes mesmerize the visitors, while flocks of World Expo rare birds and animals dot this unique and colorful natural 52 Construction Started on US Pavilion landscape. Fairs 54 China Fairs & Expos Sponsored by (主管) CCPIT(中国国际贸易促进委员会)

Published by (主办) Media and Press Center of CCPIT Embassy 中国国际贸易促进委员会宣传出版中心 56 London 2012 as Springboard for Chinese Enterprises 社长 President 杨晓东 Yang Xiaodong 总编辑 Editor-in-Chief 王晓同 Wang Xiaotong 副社长 Vice President 石 净 Shi Jing Global 58 Seeking China Capital for Investment in Iran Oil 编辑部副主任 杨 蔚 Editorial Deputy Director Yang Wei Refining 编辑部 Editorial Department 郭 艳 Guo Yan Tel:86-10-68053271 臧可佳 Zang Kejia 郭丽琴 Guo Liqin Exchange 李 振 Li Zhen 英文校审 English Polisher 泰瑞·克兰丹农(美) TY Clendenen 59 The 8th National Congress of Returned Overseas Chinese and Their Families Convened in Beijing 经营部总经理 石 净（兼） Marketing Department Director Shi Jing 60 New Legal Platform for Intellectual Property in 副总经理 白义峰 Bai Yifeng Deputy Director 惠 飞 Hui Fei China 项目经理 Manager 石林峰 Shi Linfeng Tel:86-10-88075934 游万龙 You Wanlong CHINESE tIPS 88075494 李小冬 Li Xiaodong 丁秋珍 Ding Qiuzhen 62 Take A Taxi I 高 嵩 Gao Song

通联发行部总经理 李英宏 Guide Distribution Department Director Li Yinghong 63 Regular Workflow of the Customs on the 项目经理 Manager 张 越 Zhang Yue Tel:86-10-88075342 余 涛 Yu Tao Supervision and Control over the Import & 王 石 Wang Shi

Export Goods 理事会副秘书长兼秘书处主任 杨复强 Council Secretariat Director Yang Fuqiang Rule 联络专员 Assistant 刘晓东 Liu Xiaodong Tel:86-10-88075380 宋华峰 Song Huafeng 66 Provisions on Administration of Provision of 戚英杰 Qi Yingjie 石 林 Shi Lin Financial Information Services in China by Foreign Institutions General Distributor For Overseas Subscribers 国外发行总代理 China National Publications Import & Export(Group) Corporation Supply info 中国图书进出口(集团)总公司 68 2009 China Market Suppliers List Add: 16, Gongti East Road Beijing, China Post Code:100020 地址：北京市朝阳区工体东路16号 Index of Advertisement Tel: 86-10-65066688-8822 65063082 China International Book Trading Corporation 江西昌河汽车股份有限公司 中国国际图书贸易总公司(GUOJISHUDIAN) Jiangxi Changhe Motors Co.,Ltd Add: Box 399, Beijing 100044, China 地址：中国北京399号信箱(100044) 贵州茅台酒股份有限公司 邮发代号 China Dweichow Moutai Distillery Co.,Ltd 80-799 国内统一连续出版物号 CN11-1020/F 东北亚投资贸易博览会 及国际标准刊号 ISSN0009-4498 The Fifth China Jilin·Northeast Asia Investment and AD LICENCE No. JXGS/G-0249 Trade Expo 广告经营许可证号 京西工商广字第0465号 Domestic Price 国内订价 16元(RMB) 第五届创投大会 Overseas Price 国外订价 US$5 2009 China Venture Capital & Financing 设计制作 北京锋尚制版有限公司 Development Summit 印刷 北京瑞禾彩色印刷有限公司 Cooperation Media 常年法律顾问 北京市天银律师事务所

www.KanKan.cn License Mark of General Administration of Press and Publication, the People’s Republic of China GDP: 7.9% ↑ in Q2 CPI: 1.7% ↓ in June

The Chinese economy expanded 7.9 percent China’s consumer price index (CPI),a main gauge of inflation, dipped 1.7 percent in year on year in the second quarter, as massive June from a year earlier, the National Bureau of Statistics (NBS) said on July 16. pump-priming and record lending pushed for a re- This marks the fifth consecutive month of decline since the index dropped 1.6 per- bound from the worst growth in a decade, official cent in February, the first fall since October 2002. The index marked a month-on-month data showed on July 16. decrease of 0.5 percent, according to the NBS. CPI fell 1.4 percent in May year on year. The gross domestic product (GDP) grew 7.1 The CPI fell 1.1 percent in the first half this year from a year earlier. percent from the same period a year ago to RMB Retail commodity prices fell 1.4 percent in the first half. Food prices, which account 13.99 trillion (US$2.06 trillion) in the first half, for about one-third of the CPI, fell 0.3 percent. (NBS) said Li Xiaochao, spokesperson with the National Bureau of Statistics (NBS) at a press conference. Analysts said it adds confidence that China PPI: 7.8% ↓ in June will achieve the full-year growth target of eight percent. The world’s third largest economy tum- China’s producer price index (PPI), a major measurement of inflation at the wholesale bled to 6.1 percent in the first quarter as exports level, fell 7.8 percent year on year in June, according to the NBS. shrank to a decade low. The decline compared with a 7.2-percent drop in May from the same period last Li said positive factors are increasing as the year. The country’s PPI dropped 5.9 percent during the January-June period from a economy is on the road to recovery, but also noted year earlier. the revival is not on solid footing, and the recovery Purchasing prices of raw material, fuel and energy fell 8.7 percent year on year in momentum is not stable. Many uncertainties re- the first half of this year. NBS( ) main. Li said the consumer prices are falling and ↑ the domestic demand remained inadequate, and Retail sales: 15% in first half year the economy is still plagued by overcapacity. He said international price changes have big impact China’s retail sales in the first half year rose 15 percent to RMB 5.87 trillion on domestic prices, and the government will close- (US$859.60 billion) from a year earlier, the National Bureau of Statistics (NBS) said on ly watch for price fluctuations to prevent inflation July 16. risks. Retail sales in June also rose 15 percent from May, said the NBS spokesman Li Since last November, the Chinese govern- Xiaochao. Real (inflation-adjusted) retail sales growth was recorded at 16.6 percent in the ment has adopted a series of stimulus measures in- first half year. cluding a 4-trillion yuan investment package, tax Urban sales of consumer goods expanded 14.4 percent to RMB 3.98 trillion, while cuts, and consumer subsidies to maintain growth sales in rural areas increased 16.4 percent to RMB 1.89 trillion. and employment. “There were two highlights in promoting domestic demand: commercial apartments The government has set a full-year GDP sales rose by 31.7 percent in the first half year from the same period last year; automobile growth target at eight percent, a level which is rare sales expanded by 17.7 percent year on year,” Li said. in the developed economies, but is the minimum Consumption contributed 53.4 percent to economic growth and 3.8percentage to maintain full employment in a nation with a points to GDP growth in the first half year, Li said. population of 1.3 billion people. Per capita urban income rose 9.8 percent in the first half year to RMB 8,856. The Li said the stimulus package was the reason figure for rural residents was 8.1 percent up to RMB 2,733. In real terms, the growth rate the intensity of the economic rise is building up. was 11.2 percent for urban residents and 8.1 percent for rural residents. Benefiting from the massive government spending “China has taken three kinds of policies to boost consumption, including improv- in the construction of railways, roads and infrastruc- ing residents’ income, encouraging and empowering rural residents to spend, boosting ture, the fixed asset investment rose 33.5 percent in large and popular items consumption such as automobiles and apartments,” said Sun the fist six months, the most in five years. Xuegong, a researcher at the Academy of Macroeconomic Research under the National The industrial output rose 10.7 percent last Development and Reform Commission. month, and the figure for the first half was 7.0 “The policies have worked well and played a key role in promoting China’s con- percent. Retail sales climbed 15.0 percent during sumption in the first half year,” Sun said. China should work further to provide more January-June. (NBS) jobs, expand middle class and complete social security system to boost consumption, Sun said. (NBS)

8 nergy E China’s June China and US signed first cooperative agreement on solar power consump- energy industry

tion up 3.79% Jiangsu Province and Los Angeles City inked “MOU on Cooperation in the Solar En- China’s power con- ergy Industry between Jiangsu Province and sumption rose 3.79 percent Los Angeles City” on July 17, which is the first year-on-year to 305.22 bil- MOU on clean energy cooperation between the lion kWh in June, the China two countries, sources reported. Securities News reported, The MOU was signed when U.S. Energy citing sources from the Secretary. Steven Chu and US Commerce Sec- China Electricity Council retary Gary Locke were paying a visit to China. (CEC). The main purpose of the trip is to seek common The country’s power interests in clean energy cooperation between output reached 300.92 bil- China and US. Meanwhile, local governments lion kWh in June, up 4.7 of the two countries took the lead in launching percent from a year earlier. new energy cooperation. Analysts ascribed the “Solar Energy Business Summit Meeting increases in both figures to between Jiangsu, China and US” was held in high temperatures in north Los Angeles City on Jul.17. The meeting attract- China last month and several ed nearly 200 attendants including members of the Jiangsu Provincial Foreign Economic and Trade regional economic stimulus Cooperation Delegation, officials and solar energy enterprises from the Government of California, that started to take effect. Los Angeles County and Los Angeles City. The country’s total Head of the Jiangsu delegation Fei Shaoyun and Vice Mayor of Los Angeles City. Freeman power consumption and signed “MOU on Cooperation in the Solar Energy Industry between Jiangsu Province and Los An- generation reached 1,641.1 geles City”. billion kWh and 1,624 bil- Under the MOU, the two sides agreed to regularly exchange information on technology and lion kWh in the first half of market development in the solar energy field, encourage entrepreneurs and researchers to strength- the year, down 2.43 percent en innovation and exchanges and cooperation in applied technologies, as well as expand business and 1.8 percent year-on-year, opportunities, and promote exchanges and dialogues in technologies and production in the solar respectively, according to energy industry. (China Energy Net) the newspaper on July 11. Economic slowdown has sapped China’s power use E n e r g y - s a v i n g a i r c o n d i t i o n e r s g a i n m a r k e t p o p u l a r i t y since October last year as the world downturn took a toll Since promotion for high-efficiency, energy-saving air conditioners on the country’s economy. In started on June 1, 560,000 units from 19 leading manufacturers have been May, power consumption de- sold, representing an increase of 250 percent year-on-year. Its market share clined 2.57 percent over the rose from approximately 5 percent to 14 percent year-on-year, a growth of same period last year. 9 percent. Many provinces in Air conditioners account for 20 percent of the total electricity used north China have been hit by in China; this becomes 40 percent during summer peak time in large and scorching heat since June, medium sized cities. It has been calculated that compared to low-efficien- with temperatures reaching cy ones, the high-efficiency and energy-saving air conditioners will save at least 35 degrees Celsius, 150 to 200 kilowatts per hour (kWh) annually. and in some regions hitting Since May, China has carried out an energy saving product project 40 degrees. which offers government subsidies to promote ten major categories of energy Xue Jing, director of saving products like air conditioners, refrigerators and washing machines. the statistics and informa- Currently, the market price of high-efficiency, energy-saving air tion department under the conditioners is close or equal to that of low-efficiency ones. Because low- CEC, agreed that increasing efficiency air conditioners have lost the edge in price, major domestic industrial activities and the manufacturers, such as Gree and Haier, decided to stop there production. heat wave contributed to the According to incomplete statistics, in June, 560,300 first and second- power consumption and out- grade energy-saving air conditioners were sold in the promotion, which put, but said more prudent stimulated about RMB 1.7 billion in consumption. observations are needed to According to sources, the second batch of high-efficiency, energy- tell whether the country’s saving air conditioners will be released soon. Based on this, detailed regu- economy would embark on a lations will be drafted to help popularize 8 major energy saving products new round of growth. (Xin- including refrigerators, flat-screen televisions and washing machines. hua) (People’s Daily Online )

10 C hemic a l

Sinopec reports 1.82% rise in refining China approves expansion in H1 of Sinopec-BASF joint ven-

China Petrochemical Corporation (Sinopec), the nation’s largest oil refiner, ture in E China said on July 21 that it processed 86.9 million tonnes of crude oil in the first half of 2009, up 1.82 percent year-on-year, despite the economic slowdown. China Petrochemical Corporation Sinopec reported earlier that the amount of crude oil it refined fell 3.27 per- (Sinopec), the country’s largest oil refinery, cent year on year in the first quarter. The company, also a leading oil producer, announced on July 7 that the Chinese govern- said in a preliminary report that its crude oil output rose 1.18 percent year on ment has approved the feasibility study report year to149.12 million barrels in the first half of 2009. Sinopec saw gasoline out- on the expansion of the joint venture between put rising sharply by 21.01 percent to 16.99 million tonnes in the first half from a its listed subsidiary Sinopec and Ludwig- year earlier, the company said. shafen-headquartered BASF in east China’s China’s warming economy had contributed to the increases in its rising Nanjing city. output, said the company. China’s gross domestic product (GDP) grew 7.9 per- Sinopec and BASF will jointly invest cent year on year in the second quarter, after the world’s third largest economy approximately US$1.4 billion to expand the tumbled to 6.1 percent in the first three months, according to the National Bu- BASF-YPC Co. Ltd., (BYC) to produce down- reau of Statistics. stream specialty chemicals for the Chinese However, Sinopec’s output of certain products still saw decline amid the market, serving multiple industries such as economic slowdown. Diesel production fell 5.4 percent from last year’s level to construction, electronics, pharmaceutical, au- 32.4 million tonnes in the same period, according to the company. Also in the tomotive and chemical manufacturing. first half, Sinopec’s natural gas production dropped by 1.12 percent to about 4 The investment includes the expansion billion cubic meters from a year earlier. of the existing steam cracker and three exist- Ethylene, synthetic resins, synthetic fibers and synthetic rubbers output de- ing plants as well as construction of 10 new clined by 10.1 percent, 4.19 percent, 7.64 percent and 11.09 percent respectively. chemical plants. The expansion will become Domestic sales of refined oil products declined by 8.42 percent to 57.71 million operational by 2011, according to the Sinopec tonnes. Group. The expansion project conforms with Sinopec reported its net profit in the first quarter rose 85.1 percent year on China’s revitalization plan for the petrochemi- year to RMB 11.219 billion yuan (about US$1.64 billion). The company predict- cal industry, fosters the integration of BYC, ed a more than 50 percent rise in net profit for the first half of 2009 because of broadens the portfolio of downstream products lower international crude oil prices and adjustments in refined oil prices on the in Nanjing and meets the increasing demand domestic market. in China’s eastern region, said Wang Tianpu, Listed in Hong Kong, New York, London and Shanghai, Sinopec is the President of Sinopec. listed subsidiary of China Petrochemical Corporation (Sinopec). Share prices of Yangzi-BASF Styrenics Co., Ltd. (YBS), the company in the mainland A-share market rose by 2.01 percent to 12.16 yuan another joint venture in Nanjing between the on, but down 0.93 percent in the Hong Kong market to 6.39 Hong Kong dollars. two partners, is being merged into BYC to fur- (Xinhua) ther increase synergies in Nanjing operations. YBS produces styrene monomer, polystyrene and expandable polystyrene. PetroChina gets approval for stake purchase in Founded in 2000, BYC is a 50-50 joint venture between BASF and Sinopec, with a Nippon Oil Plant total investment of US$2.9 billion in the first phase. The joint venture started commercial The Chinese government has confirmed it granted PetroChina approval in production in 2005. (Xinhua) June to take a stake in Nippon Oil Corp’s Osaka refinery, a move to feed grow- ing demand for oil in China July 10. The National Development and Reform Commission said on its website on July 10 that the approval for the purchase in Japan’s largest refiner had been given to PetroChina International Co. in June, without giving details. The two companies agreed in May last year to establish a joint venture to operate the re- finery with a capacity of 115,000 barrels per day. The Chinese oil giant would acquire a 49 percent stake in the venture and Nippon Oil would own the other 51 percent, they said. Dai Peng, analyst with the Zheshang Securities, said the deal between the two oil giants will allow Pet- roChina to use surplus capacity of the Japanese company to refine oil. It is also an important step for PetroChina to expand its operation in Asia, he said. Yang Wei, analyst with the Guotai Junan Securities, echoed with Dai, adding the deal will help cut refining cost for PetroChina as the company has a large output of oil overseas. They both agreed the purchase would have little impact on PetroChina’s performance in a short term. Nippon Oil has provided PetroChina with refining services since 2004. (Xinhua)

11 teel S New iron ore pricing plan soon China discovers

Global miners and steel- “Asia’s largest” iron makers may opt for a new quarterly based iron ore pric- deposit ing system in place of the ex- isting annual negotiations to Geologists have discovered an increase the volatility of steel iron ore deposit with an estimated re- prices and make the system serve of more than 3 billion tonnes in more transparent. The new northeast China’s Liaoning Province, system is likely to be tested or the largest in Asia, a local official by end of the year, Wall Street said on June 24. Journal reported, without re- The newly-found deposit, main- vealing from where it got the ly between 1,200 meters and 1,860 information. meters underground and spanning a The move comes at a four-km-long, three-km-wide area, is time when China’s steel in- at the Qiaotou Township, Pingshan dustry is planning to revamp District, Benxi City, said Yu Wenli, the iron ore import business head of the Liaoning Provincial after the detention of four Bureau of Geology and Mineral employees of mining firm Resources Exploration. “We found Rio Tinto for spying. “It is good news for both miners and steelmakers if the new system is high-grade iron ore even at a depth of adopted,” said Zheng Ge, steel analyst, Wangda Futures Co Ltd. “There are indications that 2,015 meters,” Yu said. He said that the China Iron and Steel Association (CISA) may accept the 33-percent cut in iron ore pric- the iron ore is a mixture of magnetite es offered by Rio Tinto and BHP Billiton due to the huge demand for iron ore in China.” “In and hematite, and the iron content is that case, China’s steel industry may see profit margins decline. However, if the contract between 25 percent and 62 percent. price is quarterly based, then in the short term, the cost of steel might go up and that in turn “The deposit can be exploited for would push up prices thanks to the strong demand from property and railway sectors,” he more than 50 years,” he said. said. CISA rejected a 33-percent cut agreed to by Rio Tinto and Japanese and South Korean Statistics with Yu’s bureau show mills in May, and held out for a 40-percent cut. However, there were reports that some Chi- Liaoning has abundant iron resources nese steel mills had agreed to the 33-percent cut. that account for at least a quarter of Cui Jingyi, a steel analyst from Guitai Junan Securities said the big Australian miners the country’s total. “Although we may press for the new system, while Brazil’s Vale SA may opt for annual pricing, as the have exploited large amounts of iron spot price of Brazilian ore is more expensive than Australian ore. “The shipment charges deposits over the past several de- for Brazilian ore is higher due to the long distance despite its free on board prices being cades in the province, there are still cheaper than Australian ores,” Zheng said. Spot prices for iron ore delivered to China lots of deposits underground await- jumped to over US$90 a ton for the first time this year thanks to the climbing shipments. ing exploration,” he said. A news Iron ore for immediate delivery advanced 4.6 percent to US$91 a ton last week, the highest release posted on the official website since October last year, according to Metal Bulletin prices. of the Benxi municipal government The country is boosting shipments on the cash market because of the “breakdown”in hailed the newly-found iron deposit talks for a benchmark price between steelmakers and foreign producers, according to as “Asia’s largest for now,” and said Bloomberg. “The price system change is not something new, rather the Rio Tinto scandal Minister of Land and Resources Xu might push for the setting up of a new pricing system,” said Cui. Meanwhile Australian Trade Shaoshi made a special inspection Minister Simon Crean said yesterday that Chinese authorities have not yet charged Rio Tinto tour of the deposit site on June 18. Group executive Stern Hu, and have called for more details on the case. (China Daily) Xu urged local authorities to start exploitation “as quickly as possible” at the iron mine so as to make con- Wuhan steel group to cooperate with tributions to the national and local development, according to the news Australian firm release. Shares of steel makers gained Wuhan Iron and Steel (Group) Corp., a major iron and steel company in central China, on June 24, boosted by the news of signed an agreement with Australian Centrex Metals Ltd (CXM) on July 20 for joint develop- the iron deposit discovery. Baosteel, ment of iron ore mines in southern Australia and other projects. the country’s biggest steel mill, rose Under the agreement that has yet to be approved by the two governments, CXM’s listed 3 percent to 7.2 yuan (1.06 U.S. dol- company will issue 15 percent more shares to Wuhan Iron and Steel, making the Chinese lars). Angang Steel Co., the second- company the second largest shareholder of the Australian company. largest, surged 7.42 percent to 14.18 Wuhan Iron and Steel will pay 216 million Australian dollars to gain 60 percent of the yuan (2.09 U.S. dollars). Shares of interests of the cooperation mine area, according to the agreement. The cooperation ore mine Hunan Valin Iron and Steel Group covers about 600 sq km in southern Australia. Deng Qilin, general manager of Wuhan Iron climbed 4.52 percent to 7.4 yuan (1.09 and Steel, said the strategic cooperation was a win-win deal under the current financial crisis. U.S. dollars). (Xinhua) (Xinhua)

12 Datang may Chinese mobiles finding favor in Cambodian market s lectronic sell 20% stake Distributors here have said that the number of E to NSSF Chinese-sourced mobile phones being sold in Cambo- dia each month is climbing rapidly, local newspaper Datang Telecom the PhnomPenh Post reported on July 14. Not only are Technology & Industry they cheaper than leading brands, but some have fea- Holdings Co, a major tures including the ability to use two SIM cards, built- developer of the home- in radio and TV receivers and MP3 and MP4 players, grown TD-SCDMA 3G it said. standard, is in talks with The Ky Hout company said that it imports be- the country’s national tween 6,000 and 8,000 phones monthly for distribution pension fund to sell the in Phnom Penh, Siem Reap and Battambang. The sales latter a 20 percent stake manager, who asked not to be named, said customers through a private place- liked the fact that the phones were substantially cheap- ment in a deal worth as er than the competition. She said sales were up ten-fold much as RMB 3 billion, since the start of the year. “Previously we imported company sources said. only 300 to 600 of these phones each month that sell Datang Telecom for between 35 U.S. dollars and 100 U.S. dollars each,” Holdings is a subsid- she said, adding, “Our sales of Nokia phones have iary of Datang Telecom dropped by 80 percent.” Group, one of the coun- Srey Touch, the owner of another importer, the 03 try’s leading telecom Company, agreed that sales of Chinese-made phones equipment makers, were up sharply. “We import new model phones two or known for its develop- three times a month, with up to 500 phones each time,” he said, adding, “The phones sell especially ment of TD-SCDMA 3G well during the big national holidays such as Khmer New Year, Pchum Ben and the Water Festival.” mobile standard. “The But representatives of Nokia and Sony Ericsson said their market share was not being hit by the two sides are nearing cheaper competition. “Sales are stable,” said Yoeun Makara, a retail sales manager who imports wrapping up their deal Nokia phones. “Moreover, 80 percent of our customers choose to buy Nokia because it is strong and but they have not yet de- robust, and they like the new touch screen models.” cided on the price tag,” Chea Mony, the head of marketing at Sony Ericsson in Cambodia, is also bullish. He said sales a person close to Datang were up at least 10 percent this year. “The influx of Chinese cell-phones creates opportunities for said. “But the national many users, but it is not an obstacle for Sony Ericsson because competition goes beyond price, and pension fund and Datang Sony Ericsson offers many different prices including low, medium and high,” he said. So Khun, have decided that the minister of posts and telecommunications, said in May that 4.23 million of the country’s 13.4 million price range will be set citizens have mobile phones, and that the nation has just 42,000 landlines. Nine mobile phones com- between 2.5 billion and panies operate in Cambodia: Beeline, Excell, Hello, MFone, Metfone, Mobitel, qb, Smart and Star- 3 billion yuan. However, Cell. (Xinhua) a final decision has yet to be made,” the person China’s electronics, information industry sees fixed asset said. The National Social Security Fund (NSSF), investment growth slow down in Jan.-May period will take a 20 percent stake in Datang Telecom China’s electronics and information industry reported a notable fall in fixed asset investment Holdings after buying growth in the first five months, according to a statement of the Ministry of Industry and Information new shares issued by the Technology. telecom equipment firm, More than RMB 118 billion (US$17.4 billion) was invested in the industry’s projects, valued at the person said. more than RMB five million each, during the Jan.- The fund raised May period, up 16.5 percent year on year. But the will be used to bankroll growth was 2.7 percent lower than the same period a hike in its equipment last year and six percentage points lower than in the production capacity first four months. and increase working More projects, 1,463 new projects, were capital, the person said. launched in the first five months, up 21.8 percent Last year, State Devel- from a year ago. New projects mainly concentrated opment & Investment on sectors of optical and electric components, Corp (SDIC) bought a electronic equipment, mobile telecommunications 35 percent stake in Da- equipment and optical fiber. The planned investment tang Telecom Holdings of those new projects totaled RMB 136 billion, up for 5 billion yuan. (China 68 percent year on year. (Xinhua) Daily)

14 e a lth H Beijing spends The medicine watchdog launches pharmaceutical RMB mln yuan to safety program

encourage TCM in China’s State Food and Drug Administration (SFDA) has announced a two-year campaign to im- cure of A/H1N1 prove the quality standards of pharmaceuticals from manufacture to sale. The Beijing municipal The program is aimed at better regulating the government has allocated RMB production, distribution, pricing, advertising and ap- 10 million (about US$1.46 mil- plication of basic pharmaceuticals across the country, lion) to support the use of tradi- according to a statement posted on the website of the tional Chinese medicine (TCM) administration on July 17. in treating the A/H1N1 influ- Pharmaceutical companies and hospitals that enza, the Beijing Administra- violate the regulations would face prosecution and the tion Bureau of TCM (BJTCM) revocation of their confirmed on July 6. operation licenses, Of the RMB 10 million according to the statement. yuan, four million would be In addition to the administration, five central govern- spent on clinical tests and the ment departments will join in carrying out the campaign, rest on lab research to find or including Ministry of Health, Ministry of Public Security, develop proper TCM for the dis- Ministry of Industry and Information Technology, State ease, July 6’s The Beijing News Administration for Industry and Commerce, and State Ad- reported. ministration of Traditional Chinese Medicine. (Xinhua) Wang Yuguang, a direc- tor of the Chinese and Western medicine center in Beijing Ditan Hong Kong gov’t plan to curb youth Hospital, one of the capital’s main hospitals admitting A/ drug abuse H1N1 patients, told Xinhua Monday that they are working The government of the hard to prepare the right TCM Hong Kong Special Administra- before possible A/H1N1 out- tive Region (HKSAR) will soon breaks in autumn and winter. introduce an array of measures “It is very likely that we can to tackle the growing problem of make it,”he said. youth drug abuse, Chief Executive Tu Zhitao, a director in the Donald Tsang said on July 16. BJTCM, was quoted by The The comprehensive plan to Beijing News as saying that Bei- be implemented includes seminars jing had treated more than 30 A/ for teachers and parents, commu- H1N1 patients with TCM only nity programs that help youngsters and over 10 of them had been ward off the temptation of drugs discharged from hospital. as well as a school drug testing “But those cured by TCM trial scheme. only showed minor symptoms Speaking after a meeting when they were admitted to hos- with anti-drug officials earlier on pital,” Wang said. the day, Tsang said four large semi- TCM is commonly used by nars for teachers will be held this summer to improve their anti-drug efforts on campus, and the Chinese to treat regular flu, the government will also provide them with online anti-drug resources. but its effect is often a couple of Meanwhile, seminars for parents will be held at the district level and anti-drug commu- days slower than Western medi- nity activities will be organized through the parent-teacher association network, said Tsang, cine. Also, for strong regular flu, adding that the first such seminar will be held on August 8. patients tended to choose West- The city will also set up an anti-drug hotline to offer inquirers professional advices. ern medicine. In addition, the government has earmarked nine million HK dollars (1.16 million U.S. China had 1040 confirmed dollars) for district-based anti-drug community programs in hope to draw youngsters to more A/H1N1 patients by Sunday and healthy and interesting activities. 756 of them had been discharged “I am very happy to learn many districts have already formulated their plans which in- from hospital, according to the volve sports and recreational activities of various kinds which appeal to young people,”Tsang Ministry of Health. There have said. been no deaths directly caused He also noted the government is still in discussion with schools and parents in Tai Po on by the influenza reported so far. the details of a drug-test trial scheme to be implemented there in the coming school year. (Xin- (Xinhua) hua)

16 tion a

First made-in-China regional jet makes longest trial flight China Eastern rises

China’s first domestically-developed regional ARJ21-700 jet made its longest trial flight on merger deal

r a n s port of 1,300 kilometers in about two hours from Shanghai to Xi’an, capital of northwestern Chi- China Eastern Airlines shares

T na’s Shaanxi Province, in XI’AN, on July 15. The jet moved from its production site in Shanghai to Xi’an-based Chinese Flight Tests in Hong Kong rose as much as Establishment (CFTE) of the Aviation Industry Corporation of China (AVIC), the country’s 14.4 percent after the weakest of only institute qualified to issue flight certificates for military aircraft, helicopters, aircraft- en the country’s big three carriers gines or other aircraft equipment. announced it was acquiring rival The jet was expected to make further trial flights before gaining approval certificates Shanghai Airlines for just under from the CFTE. The jet made its first trial flight in November 2008 and had made 18 trial RMB 9 bln (US$1.3 bln) as it flights totaling about 34 hours up to an altitude of 9,000 meters. The flight Wednesday was the battled high operating losses. jet’s 19th trial flight. It left Shanghai at 10:34 a.m. and reached Xi’an at 12:53 p.m. reaching an The state-orchestrated tie-up altitude of 7,800 meters. will see China Eastern dominate The flight was smooth, said Zhao Peng, the pilot in charge of the flight. ARJ21-700, short the Shanghai aviation hub. China for “Advanced Regional Jet for the 21st Century”, is the first regional jet that China has fully Eastern also said it would raise developed on its own. It is designed with a range of 2,225 kilometers for a standard journey, about RMB 7 bln by issuing new and 90 seats. The first batch of ARJ21 jets is expected to be delivered to clients by 2010. Xin( - shares to strengthen its balance hua) sheet. In a widely-anticipated agree- ment, the state-controlled carrier Air China buys Air Macau stake said the acquisition would be con- ducted through a share swap at Two companies controlled by 1.3 China Eastern shares for each Macau chief executive Edmund Ho have Shanghai Airline shares. sold a combined 1.25 percent stake in China Eastern has been the financially troubled Air Macau to a unit worst performer of the country’s of China flagship carrier Air China, the struggling airlines industry. Last South China Morning Post reported. year, the company saw its total The stake sale for an undisclosed liabilities exceed its total assets sum was confirmed by sources at Air by more than RMB 12.6 bln. It China, a unit of Air Macau controlling also made a net loss of RMB 15.3 shareholder China National Aviation bln, based on the local account- Corporation (CNAC). The deal comes ing standard, because of falling weeks after Air Macau’s shareholders passenger numbers and massive voted to approve a US$65 million rescue hedging losses caused by plum- package by the Macau government. (www.cargonewsasia.com) meting oil prices. Following the merger, China Eastern’s market share in Shanghai Shenzhen quasi-free port to test HK hub will increase from 35 percent to more than 50 percent. It will also Hong Kong’s role as the principal ocean hub serving the mainland will be tested this control 30 percent of China’s avia- month with the opening of an US$8.2 billion bonded port and logistics park in Shenzhen, the tion market. According to Citigroup South China Morning Post reported. analysts, the price war between the In response to the challenge, Hong Kong should bundle its services with Shenzhen and two Shanghai-based airlines had regard the quasi-free port as its long-planned 10th container terminal to become more com- been a major reason for China East- petitive, said Raymond Yu Liming, an executive director of China Merchants Holdings (Inter- ern’s losses so the merger should national), the major investor in the park. immediately boost its earnings by The Qianhaiwan Custom-bonded Port and Logistics Park, which serves as a bonded RMB 1 bln to RMB 3 bln. warehouse and centralised customs inspection site, obtained the necessary approvals from China Eastern’s domestic the mainland’s General Administration of Customs on July 10 to operate as a quasi-free port. yield per seat is 10 percent and This means from now on, the park can provide nearly every attraction Hong Kong offers - a 3 percent lower than that of Air tax-free conduit for imported goods and immediate tax rebates for exported products - the key China and China Southern — the requirements to qualify as an international sea hub. two other major national carri- Although Qianhaiwan is the smallest of 10 customs-bonded logistics parks on the main- ers — respectively, according to land, at 1.2 square kilometres in the first phase and 3.7 sq km for the first two phases, further the analysts. In a prelude to an expansion is in the pipeline, according to Yu. overhaul of the troubled aviation In the short term, Hong Kong could remain as the preferred ocean hub because of its ad- sector, China in December re- vantages in efficiency, a more advanced financial system and accessibility of global informa- shuffled top executives among its tion, he said. “But in the longer term, Hong Kong and Shenzhen should be bundling together three largest state-owned airlines, and merging their operations. To begin with, the city should see Qianhaiwan as the extension paving the way for the industry to of its terminal facility.” (Xinhua) consolidate. (China Daily) 20 Special report the national economy stabilized to recovery with increasing increasing with changes. positive recovery to stabilized economy national the progress, the in difficulties the economy,overcame ofnational GDP I by 8.3 percent. by percent. 8.3 up yuan, 5,776.7 was billion industry tertiary the of that and percent; 6.6 by up yuan, 7,007.0 billion was sec industry the of ondary that percent; 3.8 by up yuan, billion 1,202.5 was industry primary ofthe added value the sectors, by terms ofgrowth In second. the for percent 7.9 and quarter, first the for 6.1percent up first was it the quarters, by in growth of terms that In quarter. than faster point percentage 1.0 was which was 7.1percent, of China increase of year-on-year (GDP) a yuan, product billion 13,986.2 domestic gross the year, this 24 According to preliminary estimation, in the first half of half first the in estimation, preliminary to According the central government on fighting against the global global growth fast the and sound the against promoting and crisis fighting financial on government by central set the measures and policies ef the departments implemented and fectively regions all 2009, of half first the n China’s EconomyinH1: economy performance data in the first half thefirst theof in economy data year. performance national the release to Beijing, in conference press a hosted China, of tistics On 16 On July, 2009, LiXiaochao,Spokesman National ofofthe Sta Bureau Better National Bureau of Statistics of C of Statistics of Bureau National Performed Uneasy - - 97.2 percent. was products industrial ratio of sales the year, this of half first the In well. on went products ofindustrial marketing and tion produc The respectively. per percent 13.25.9 and by up percent went 6.8 cent, regions western and central eastern, growth in the areas, different of terms In growth. year-on-year 36 kept divisions divisions, 39 the Among industrial industry. light of the for percent 8.2 growth and percent, 6.6 was year-on-year industry heavy The province. Kong, Taiwan Hong and from Macao investors or investors foreign by funded enterprises for growth percent 1.2 and percent; 9.4 terprises, en 5.9share-holding percent; collectiveenterprises, percent; 1.7by up went enterprises holding of state and growth added state-owned the value the that showed enterprises of different on types Analysis percent. 9.1 was quarter second the in that and percent, 5.1 was quarter first the in growth the total, this Of 2008. of period same the percent in that 9.3 than lower or points age June), in 7.0 up percent (10.7 was year-on-year size percent designated above of added enterprises value total industrial the the year, this of half first the In down. slowed enterprises industrial by made profits of rate creasing slaughtered by 7.9of pigs grew percent. number the while percent 3.9 by rose pigs pork of of output The stock total The 8.1percent. by up tons, percent. 23.63million reached 6.3 of growth year-on-year tons, a million 35.80 reached mutton and total beef the pork, year, of this output of half first the In output. increased total the of percent 96 than more for accounted which acreage, ing expand by brought was grain of tons million 2.50 Of total, output. this increased of year successive sixth the was which percent, 2.2 up tons, million 2.60 of increase an tons, million 123.35 was grain summer of output total The growth. steady kept industry husbandry animal of production and years, tive Secondary industry Secondary Primary industry The industrial production picked up quickly, and the de the and quickly, up picked production industrial The consecu six for increased grain summer of output The to Yet Say Upturn hina hina ------Special report shows June headline data, which we discuss in this note. this in we discuss which data, headline shows June Tableyear. next 1 early or Q4 in beginning policies ofstimulus recovery the As marginal. be becomes more solid Q3, in will we expect orderly an down winding two or month next adjustment the any in believe we private economy, global the confidence, and public demand in weakness the given expansion. However, credit enormous the in rein significantly to decide may authorities the when and threat inflationary possible the on nowfocused is Q1. in market The process drawdown inventory Strong Q2 GDP growth growth GDP Q2 Strong C by 3% q/q sa in Q2, up from 1.8% from by 3% up q/q Q2, prior. q/q sa in sa rose GDP that estimate we (sa) basis, seasonally-adjusted (q/q) quarter-on-quarter a On reached. be to going is 2009 in growth looking increasing likely that theis official It 2009. target H1 in 7.1% ofby officially 8% y/y grew y/y GDP GDP average, On 6.1% from (ppts) 1shows. points Q1, y/y in Chart percentage as 26 L i Wei, Stephen Greena Stephen i Wei, fall, but base effects likely will higher mean GDP numbers growth 7.9%, above rumour/expectation GDP grew by 7.9% year-on-year (y/y) in Q2 2009, up 1.8 up 2009, Q2 in (y/y) year-on-year 7.9% by grew GDP Industrial value added valueadded Industrial trial production, itself also triggered by the end of an an of end the by triggered also itself production, trial indus and investment in rebound strong a to led has which policy, aggressive to owing largely 2009, Q2 in expected than more improved has economy hina’s Outlook * * *

Trade surplus Trade surplus No sign of policy change NBS; from Beijing stimulative remains Momentum will ebb in H2 a bit, we believe, as new investment project starts bit,webelieve,a investment newproject starts H2 as in ebb will Momentum Investment boom and industrial recovery support Q2 real GDP growth of growth GDP real Q2 support recovery industrial and boom Investment Growth, y/y Growth, Retail sales sales Retail FAI, YTD Imports Imports Exports Exports GDP GDP CPI CPI M2 M2 PPI PPI ChinaQ2Data Table 1: China’s releases May data S .b UD1.b UD9.b USD 295.8bn USD 96.9bn USD 13.4bn USD 8.2bn .%(2 6.1% (Q1) 7.9% (Q2) June-09 June-09 28.46% 28.46% -13.2% -13.2% -21.4% -21.4% 15.0% 15.0% 35.3% 35.3% 10.7% 10.7% -7.8% -7.8% -1.7% -1.7% from - May-09 May-09 38.67% 38.67% 25.74% 25.74% -25.2% -25.2% 15.2% 15.2% -7.2% -7.2% -1.4% 8.9% 8.9% -26.4 -26.4 Chart 1: A strong GDP recovery in Q2 1: GDP in Chart recovery Astrong 21.14% 21.14% -25.4% -25.4% -21.7% -21.7% H1-09 H1-09 33.6% 33.6% -5.9% -5.9% -1.1% -1.1% 7.0% 7.0% 7.1% 7.1% 15% 15% Sources: NBS,Customs, PBoC.CEIC 2008 average 2008 16.67% 16.67% 12.9% 12.9% 18.5% 18.5% 26.1% 26.1% 21.6% 21.6% 17.2% 17.2% 6.9% 6.9% 5.9% 5.9% 9.0% 9.0% The worst is over in trade plus narrowed to at USD 8.25bn in June, compared with USD 13.4bn in May. The 12-month rolling surplus dropped slightly Exports fell by 21.4% y/y in June, compared with a fall of to USD 295bn from its peak of USD 318bn in March, as shown 26.4% y/y in May. Imports fell by 13.2% y/y, in June a large in Chart 16, suggesting that China’s external imbalance is not improvement compared with a fall of 25.2% y/y in May, as getting worse. shown in Chart 15. In real terms (using the May deflator, as the June deflator has not been released), exports fell by 16% y/y (Analysts: Standard Chartered Bank (China) Limited (22% prior), and imports rose by 9% (-7% prior). The trade sur- Economists)

Learn from South Korea — Experiences to Cope with Weakening Export to China

Wang Shouzhen, Luo Yang

reat importance has been attached to Sino-South Korea trade relationship by the South Korean gov- South Korea suffers ernment for the simple reason that China remains China’s economic growth began to slow down in the its biggest trade partner. Benefited from China’s fourth quarter of 2008, which has directly contributed to the fastG economic growth, export from South Korea to China has drastic Sino-South Korea trade volume contraction. Statis- been rapidly growing with an average annual rate of 30.24% tics show that bilateral trade growth rate has decreased from in the past three years. It can not be denied that China’s appe- 26.4% in September of 2008 to -40.2% in January and -30.5% tite is undoubtedly one of the most important driving forces in February of 2009 respectively. More frustrating for South that fuels South Korea’s economic growth. Unfortunately, Korea was due to the fact that export to China had received an with the advent of the financial turmoil, trade volume be- unprecedented blow, with a growth rate of -46.4% in January tween the two countries has been greatly sliding down since and -31.8% in February of 2009 separately. the end of 2008. To deal with the sour situation, a series of Recently, a research, co-released by the South Korea measures were timely released by the South Korean govern- Trade Association and the South Korea Modern Economic ment to resolve the problem. Among these measures, some of Research Institute, made an estimation of China’s demand for them deserve our attention and bring us valuable experiences. some South Korean products under the assumption that Chi- na’s economic growth rate was only 5% in 2009. According Chart 1 Sino-South Korea Bilateral Trade Growth to the research, under the relatively pessimistic expectation, China’s demand for South Korean products, such as mining and steel products, was growing in 2008 while the demand for 10 other categories of products suffered a sever decline. Under such circumstances, it would not be surprising to con- clude that, except for ships, mining and steel products, export from South Korea to China will end up with a huge plunge in 2009. The research also argued that China’s economic fluctua- tion had a tremendous impact on South Korea’s real economy. In 2007 and 2008, South Korea has been amply rewarded with China’s fast-growing economy. It has been estimated that, in China’s securing the 8% growth rate efforts, 1.02 million job opportunities have been created in South Korea. Even under gloomier expectation (5% growth rate in 2009), South Korea Data Source: People’s Bank of China has still greatly benefited from China’s economic growth. 31 Sino-EU Trade, New Measures for 2009

Xavier Powell

n the last several years, we have been able to observe how China has shown a spectacular economic de- velopment. However, the Chinese economy has not been an exception to the global trend and has also sufferedI from the consequences of the global financial crisis. This has been especially true with the manufactur- ing and export sector, in particular shoes, toys… that have suffered a strong decline that has provoke some factories to close and the loss of jobs. This led us to question if the Chinese economy can remain strong without depending so much on exports. The economic figures of the first quarter of the cur- rent year did not allow analysts to hold high hopes on an economic recovery. Chinese exports showed a negative tendency; even more accentuated that from the last quar- ter of 2008. However, there were certain signs that could make us feel optimist and maybe an economic recovery it is possible sooner than expected. Like this, the economic data from the second quarter of 2009 showed a certain im- provement in comparison to the first quarter’s data. This has been in great part due to the Chinese government’s economic and fiscal stimulus plan. This stimulus plan has become the main pillar for the current year’s economic growth. have as main goal to call the attention for a more balance trade Yet the question that rises is in relation to which are the limits relation, but also have to be a platform to create more trade and for an economic growth based on public investment and not on investment opportunities. private consumption and investment. However, China-EU trade relationship has several critical Nevertheless, analysts have pointed out that there are also points that have to be overcome through the cooperation of positive signs in relation to private consumption and invest- both parts. While China opens its markets to the world, has to ment, and also for raw materials imports, but not so much for work also to improve some aspects that will help to improve exports. In fact, exports still drag down economic growth as trade with foreign countries and gain also the trust of foreign the World Bank’s “China Quarterly Update” points out. The companies and consumers. World Bank estimates that the export volumes were still down For instance, China’s legal system is still far away from be- 20 percent respect a year ago in April-May. However, China ing complete and that can be perceived by foreign companies still needs to strengthen domestic demand and consumption as legal system that is ineffective and lacks effective enforce- for a more stable economic growth. But for this to become real ment, especially when it comes to intellectual property rights is necessary to continue working with its economic and social protection. reforms. This implies that in a short-medium term the Chinese Other keys issues that China-EU Trade relationship has to economy growth will still depend on its foreign trade relations. face are the discussions on how to gain a better market access In this sense, the China-EU trade relations are essential for for their companies and especially for small and medium en- China’s economic growth. The EU is right now China’s largest terprises. In that respect, the EU has announced that will open trade partner, the largest source of technology introduction and a SME center by the end of the year that will give advice to the fourth largest source of investment, while China is EU’s this kind of companies. second largest trade partner. Their bilateral trade reached dur- During the High Level Economic Trade Dialogue between ing the first semester of 2009 a volume of US$159.970 million, EU and China that had place last May, it was pointed out that approximately a 21% less respect the first semester of 2008. China and EU have to share efforts to improve consumer prod- For this reason, the Chinese government has sent on July a uct safety and that trade between both parties can be a way for business delegation formed of Chinese entrepreneurs and lead- rapid deployment of renewable energies. ed by the Vice Minister of Commerce, Gao Hucheng, to Euro- pean Union countries in order to promote trade and investment (Author: Graduated from International MBA program cooperation between EU and China. This kind of initiatives of Peking University) 33 Special report Economists T participate in the forum. Some valuable valuable Some forum. the in to participate invited been have Japan and Russia U.S., China, from economists (CASS), Sciences Social of Academy Chinese by Sponsored summer. hot this in winter ic abroad econom worldand the on ideas their home shared from economists call. revitalization”, that and “reform on answer Themed to chance Beijing, a in 3 offered July on opened Forum, recession?Economic2009China deeper a or recovery Sound years? coming few the in expect economy the global will What exception. no is ization, global of years 30 re after China, covery. economic an to way its staggering future. the in do we must what decide and have past we the in what achieved on already back look to mean ingful extremely is it moment, crucial this At power. and prosperity to along road its all revitalization and reform ing experienc invariably been has economy China’s decades, six past the Over tion. 34 In 2009, global economy is still still is economy global 2009, In about China’s Reformand Revitalization of this newly emerging na emerging newly this of anniversary 60th the marks which China for significance historic of is great 2009 year he ------development. world the driving consistently been has China Rutledge: John lows: fol as is forum the at collected wisdom ing a constructive role to the global global the to role play constructive a been ing had which contem world the in porary important relationship very was Sino-US that argued Rutledge John presidents, former two Adviser for the Former Two U.S. U.S. Two Presidents Former the for Adviser Economic the Rutledge, John Dr. As the top economic adviser of of adviser economic top the As

Concern - - - 2009 China Economic Forum Economic China 2009 crisis challenges. challenges. crisis post- with We faced are Fan Gang: being’s joint efforts. Much attention attention Much efforts. joint being’s human been through had bay at kept effectively Depression Great another that said He face. would we that lenges chal post-crisis on speech his focused tion and service industry. industry. service and tion educa industry, IT develop to efforts no spare to China for right absolutely was It development. economic promoting world in role active an playing it that been had China clear that all to it known was made also Rutledge John speech, his In global. go further to China for helpful truly was which step active very a was countries eign for in investment recent companies’ state-owned Rutledge Chinese that John out pointed reserves. exchange China’s foreign with large deal how to is countries both of leaders concerns that issues key Accord the of one him, to future. ing the in more seek cooperation should countries two the background, such Under economy. At the forum, economist Fan Gang Gang Fan economist forum, the At L i Zhen, Guo Yan Guo Zhen, i - - - - Updates 36 in June in Im/Ex Shrinking Slow Down O Jun 2009 (See Table 1)on-year, 15.6% month-on-month. growth year- decreased 13.2%US$87.16 billion, import the while 21.4%down month-on-month, 7.5% year-on-year, increase US$95.41billion, to amounted value export the value, tal to the Among month-on-month. 11.2%growth year, last period same US$182.57 the to with compared 17.7% amounted decreasing billion, June for value export and port US$946.12 billion, 23.5% decreasing compared with the the with compared to decreasing amounted 23.5% year billion, US$946.12half first the for value export and port Total Import Total Import Total Import Total Import (surplus is +; +; is (surplus Total Export and Export Export and and Export Export and deficit is deficit -) Balance Import Import Item Value Value Value Table 1 Brief on China’s import and export in in export and import China’s on Brief 1 Table im total the that, show customs from statistics The According to the customs’ statistics, the total im total the statistics, customs’ the to According in June and the first half of this year. this of half first the and June in export and import trade foreign China of profile the released China of Republic People’s the of Customs of Administration General 10, July n 182.57 solute solute Value 95.41 87.16 8.25 Ab - Jun. crease crease -13.2 2. 2.3-21.8 521.53 -21.4 -17.7 ±% In - - 424.60 946.12 solute solute Value 96.93 Unit: Billion USD Billion Unit: Ab Jan. –Jun. Jan. - crease crease -23.5 -25.4 ±% In - - - - - 2009 of loss US$1.3net 1&2) (See Table billion. Chart 2, a year-on-year, fall 1.3% billion, US$96.94 achieved year the of half first the in surplus trade the And year-on-year. 25.4%decreased billion, US$424.6 import the while year, export 21.8%US$521.5 down to year-on- the billion, amounted value value, total the Among year. last period same Month Mar. May Apr. Feb. Jun. Jan. Table 2 Brief on China’s import and export ofH1, export and China’s on Table import Brief 2 Export Value Export and Total Import Value Total Import Export Value Export and Total Import Total Export ValueTotal Export Total Import Value Total Import Total Import Value Total Import ValueTotal Export Value Export and Total Import Export Value Export and Total Import ValueTotal Export Value Total Import ValueTotal Export Total Import Value Total Import Value Export and Total Import Value Total Import ValueTotal Export Total Export ValueTotal Export Value Export and Total Import

Item 124.93 162.02 182.57 164.13 170.73 solute solute 141.79 Value 64.86 90.29 60.07 78.80 90.39 88.76 75.37 95.41 91.94 71.73 51.41 87.16 Ab Unit: Billion USD Billion Unit: - crease crease -22.8 -22.6 -26.4 -20.9 -25.2 -43.1 -23.0 -25.0 -25.9 -24.1 -13.2 -25.1 -25.7 -21.4 -29.1 -17.5 -17.1 -17.7 ±% In - CITY

Qinghai, the Green Sea

amed after Qinghai Lake, the largest inland salt-water lake in China, Qinghai Province is located in the northeastern part of the Qinghai-Tibetan Plateau in western China. Qinghai, owing to its location in the heart of China, is close to Mongolia and near the Silk Road. Qinghai covers an area of 720,000 square kilometers, which makes it the fourth largest province in China.N Its total population is some 5 million, among which Han, Tibetan, Tu, Hui, Salar and Mongolian minority ethnic groups are represented. Visitors are not only fascinated by the traditional festivities of different minority ethnic groups, but also by their unique cultures and folk traditions. Outside the two main cities — Golmud and Xining — population centers are tiny villages and towns, scattered along the desolate Tibetan Plateau. Qinghai has some of the largest pasturelands in China. Many yaks and sheep are herded by Tibetan and Mongolian nomads. The prefectures of Haidong and Huangnan consist mostly of farming communities. The far northwest region of Qinghai is home to the Chaidam Basin which is one of the largest deserts in China. Xining, the gateway to the Tibetan Plateau The capital city Xining acts as one of the major gateways to the Tibetan Plateau. It is an ancient highland city on the Yellow River which offers many scenic spots and historical sites. Although the city itself has a strong

38 About 35 kilometers west of Xining City in Datong County, you can experience the magical power of Laoye Mountain. Travel around Snow-covered mountains, icy peaks, deserts, vast pastures and sparkling lakes mesmerize the visitors, while flocks of rare birds and animals dot this unique and colorful natural landscape. Two of Qinghai’s biggest highlights, Ta’er Monastery (Kumbum Monastery), which is considered one of the six great monasteries of Gelugpa in Tibetan Buddhism and vast Qinghai Lake, attract nature lovers who enjoy camping, hiking and bird-watching as well as people who have a fascination with Buddhism.

■ Ta’er Monastery As the religious activity center of both monks and followers of the Yellow Hat Sect (also named Gelugpa Sect, a branch of Tibetan Buddhism), the Ta’er Monastery (Kumbum Monastery) is located in Huangzhong County, Qinghai Province, 25 kilometers (about 16 miles) away from the capital city Xining. In order to commemorate Tsong Khapa (1357—1419), founder of the Yellow Hat Sect, the Ta’er Monastery was built in 1577 more than 150 years after his death. Now the Ta’er Monastery is considered a sacred place in China. has gradually become a place of interest In the Tibetan language, Ta’er for its distinct ethnic color and native Monastery is called “gongben”, which style. The whole area covers more means “10,000 figures of Buddha”. than 144 thousand square meters with During its long 400 years of history, it mountains surrounding it. It has 9,300 rooms and 52 halls. Just judging from these figures, you can imagine what a splendid place it is. The Ta’er Monastery is a group of fine buildings in a combination of both the Han and Tibetan styles of architecture on the mountain slopes. It has lofty temples and halls rising one upon another. The palace buildings, Buddhist halls, sleeping Islamic flavor, as it is home to many quarters, as well as the courtyards echo Hui people, you will start getting a each other and thus enhance the beauty of more Tibetan feel as you move away the whole area. from the city. There are azure sky and clear water. It is widely considered to be a perfect summer resort combining the brilliance of nature and culture. The Xining region is also replete with natural scenic attractions. One is the Riyue (Sun and Moon) Mountain which divides Qinghai Province into two parts - the stock-raising area and the farming area, and it is also the watershed of Qinghai-Tibet Plateau and Loess Plateau. 39 CITY

Among so many buildings, the Great Hall of the Golden Roof and the Great Hall of Meditation are the main parts. As the center core building, the Great Hall of the Golden Roof is in the middle of the monastery. Its colorful gates, which are different in length, are carved into various flower patterns and painted with multifarious fresh colors. The surfaces of the walls are covered with green ceramic tiles and embedded with countless pearls, agates, and gems, making the whole hall sparkle. Inside the hall, there is a silver tower built to commemorate Tsong Khapa. This tower is also embedded with many kinds of jewels and wrapped with ten layers of pure white Hada (raw silk fabric presented to exalted guests to express purity, honesty and respect) to show its grandness. In front of the tower golden and silver lights and old flasks are displayed with more than 5,000 small golden figures of Buddha surrounding them, which enhance the stateliness of the Tsong Khapa’s statue in the shrine. In the ark behind the hall, the treasures of the Yellow Hat Sect are stored. They are considered very precious relics of the Ta’er Monastery. The Great Hall of Meditation is the authoritative institution for the religious organization of the monastery. Long and short pillars are carved with beautiful patterns and swathed with colorful felts on which there are embroideries and long narrow flags for decoration. Hanging from all four walls, there are lively and unique pictures of the story of Buddhism and religious life.

Tips Admission Fee: RMB 80 Recommended Time for a Visit: Two hours

40 y e on China E Local Confidence – Global Opportunities

Mark Andrew Mihorean

onfidence in your own profes- China Inc.: How The Rise of the Next schools or magazines, one might get the sional judgement; that’s one goal Superpower Challenges America and the impression that China needs to follow a all internationally-minded busi- World (Fishman, Ted. 2005. Scribner Ltd.) Western process of economic develop- ness executives need to embrace. were written as “wake-up” calls for West- ment. (It does not.) One only needs to CFar too often, management teams spend a ern business executives. There is also a travel between Beijing, Shanghai, Guang- great deal of time and energy looking for sense of urgency for corporate executives zhou, or Shenzhen, to any major interna- “outside solutions”, or transplanting for- to accurately forecast how international tional hub in the Western Hemisphere, eign business models into their strategic business will be affected by these emerg- and the actual situation will be quite obvi- plans (which may or not be suitable for ing trends. Whether trading directly with ous. One party is rapidly moving ahead the context). Instead, sometimes the ‘best China or not, global executives should not technologically; the other is entrenching practice’ might be the one closest at hand; ignore the professional dynamism coming itself to protect its historic ranking. The one’s own professional judgement. out of China today. Lean, productive, and leapfrogging technologies and rising man- Today, Chinese business leaders have constantly improving business operations agement capabilities seen in China today an opportunity to introduce new ways inside China, provide evidence of excel- will undoubtedly continue to influence of doing business to the international lent Chinese models of business. international business trends positively. community. Although not commonly dis- In traveling around China, one can ● Online Travel Providers: Whether cussed in the Western media, there is room encounter effective business strategies, one chooses E-long.net, Mangocity.com, for Chinese solutions, innovation, and processes, operations, and attitudes that Ctrip.com or another Chinese provider, business models, to sit alongside Western might shock some Western business most non-Chinese people would probably practices. Currently, many well-developed analysts; particularly those analysts who be impressed if they tried one of these industrial economies are facing recession- have never visited China. Sometimes providers. Speaking from my own experi- ary times and structural turbulence that the indigenous business models, or local ence, having traveled extensively over the could eventually remove their well-forged standards, are actually much better than years, there is simply nothing better (in competitive advantages. Consequently, long-standing overseas “best practices”. terms of Service) than what is coming out some business people might feel commer- This is what Chinese business executives of China today. cially threatened by the presence of more should recognize; it is a new threshold of One Sunday night, close to midnight, Chinese enterprises. Fortunately not all opportunity that is in their midst. The fol- I recently booked an airline ticket online; people think like this, and the benefits of lowing are a few quick examples of this that transaction, in and of itself, represents Foreign Trade persist. In fact, many West- shift in business know-how that is being nothing globally outstanding. However, ern businesses are now benefiting from orchestrated by modern Chinese business within a few minutes of having booked the lessons learned from a decade or more of executives: ticket, I received an electronic confirma- observing how Chinese people conduct ● Changing Technologies: Whether tion, AND (in the case of E-long.net), I businesses, inside and outside of China. it is YUHUA’s newest Android mobile also received a long-distance telephone Several, once untouchable giants of West- phone technology, the HD NVD Chinese call (after midnight) from a friendly multi- ern business, must now overhaul them- high definition discs, rapidly improving lingual service agent. (I challenge people selves and improve their strategic opera- broadband reliability, research and devel- to try to find a non-Chinese travel service tions to compete with Chinese businesses; opment of Solar Panels, Wind Farms, or that surpasses this level of Service.) I have or disappear. It is becoming a matter of the innovative BYD electric cars, China’s used all of the top four Chinese online commercial survival; all international ex- quiet technological achievements are travel sites and have been thoroughly im- ecutives need to pay attention to Chinese numerous and impressive. Now many pressed by each one of them. Return visits businesses around the world. Chinese businesses have the potential to to their websites shows a commitment to Important international business set world-class standards in their areas of outstanding Customer Service, constant books that highlight China’s growing expertise. These developing technologies improvements and a genuine desire to give influence have been flying off Western and associated businesses are being led customers exactly what they want, without bookshop shelves for some time. Popular by cohesive, hardworking management any nonsense. The Service from these selections like The Chinese Century: The teams. It is this kind of “confidence” that online travel platforms is excellent – their Rising Chinese Economy and Its Impact business executives from China can carry business models work. This is just one on the Global Economy, the Balance of with them around the world. example of how Chinese businesses are Power, and Your Job (Shenkar, Oded. However, if a person only relies upon pushing the boundaries of international 2004. Wharton School Publishing) and analyses from ‘top’ international business business standards. It would be wise for 42 nvestment NVESTMENT INFO Projects in Western CHINA I I Equipment Manufacturing Sector

I. Project Name III. Project Description IV.Total Investment and Cooperation Radial Tires Production Project The project covers an area of 200 Form II. Project Implementation Agency mu in machinery industry park at Weihe Total investment of the project is 480 Shaanxi Yanchang Petroleum (Group) River North Bank Industry Corridor. By million Yuan including fixed asset invest- Co., Ltd., founded in 1905, is one of the using sufficient raw materials supplied ment of 400 million Yuan, fluid capital of top four enterprises with the qualification by Shaanxi Lanxing Glass Co., Ltd, pur- 30 million Yuan, the interests of 15 mil- of exploration and exploitation of oil and chasing related production equipment, it lion Yuan, preparation cost of 15 million natural gas in China. With registered capi- is planned to build car glass production Yuan and other cost of 20 million Yuan. tal of RMB 10 billion, it is subordinated to line with annual production capacity of The project adopts cooperation manner of Shaanxi Provincial Government. 1.5 million set; meanwhile, it is planned cooperation or joint venture. III. Project Description to build a Low-E production line with V.Anticipation of Market and Analysis It is proposed to build the production annual Low-E coating glass of 1.4 mil- of Investment Return line for radial tires in Xianyang City. After lion m2. After the completion of the project, the Project is completed, the annual output IV.Total Investment and Cooperation the sales value is estimated to be 2.8 bil- will be 4 million loading radial tires (in- Form lion Yuan and total profit 150 million cluding special tires), 4 million light-truck The total investment of the project is Yuan. radial tires, and 12 million passenger- 650 million Yuan. Cooperation form: joint Contact Person: Huang Quanli car radial tires; Of which: in the Stage-I venture, cooperation or construction with Telephone: +86-917-8777788 works, the annual output is 2 million full- sole investment Fax: +86-917-8662682 steel radial tires and 5 million semi-steel V. Anticipation of Market and Analysis E-mail: [email protected] radial tires. The Project has been kicked of Investment Return off, and it is estimated that Stage-I works After the project is completed, the I. Project Name will be put into operation in December automobile safety glass sales income is Light/Mini-truck Speed Changer In- 2010, and the whole project will be com- 639.71 million Yuan, profit of 177.96 mil- dustrialization Construction Project pleted in April 2013. lion Yuan, tax and profit of 51.31 million II. Project Implementation Agency IV. Total Investment and Cooperation Yuan. The sales income of Low-E glass is Shaanxi Fast Auto Drive Group Com- Form 207.79 million Yuan, profit 48.71 million pany Total investment of the project is Yuan and tax 14.96 million Yuan. III. Project Description RMB 4856.38 million. Cooperation form: Contact Person: Wang Xiaolian It is proposed to acquire 200mu land joint venture or cooperation Telephone: +86-29-33220731 in Caijiapo Industrial Park of Baoji City V. Anticipation of Market an Analysis Fax: +86-29-33220731 to build 50,000m2 workshop, purchase of Investment Return Address: Weicheng District People’s the advanced machining and testing After the project meets its production Government, Xianyang City, 712000 devices, build the production line for target, the annual sales income of RMB key spare parts such as shell, shafts and 10203 million and profit of RMB 1168 I. Project Name gears. It will gradually expand and trans- million will be realized. Annual profit Production Base Construction Project form the production, and eventually build after tax is about RMB 876 million. The of Automobile Parts and Complete Equip- two assembly lines, with annual output investment profit rate is 34.43% and the ment for Power Transmission of 300,000 sets of light/mini-truck gear- internal rate of return of the whole invest- II. Project Implementation Agency boxes. The project construction period is ment is 20.24 % (after tax). Founded in 1965, Shaanxi Shankai three years. Contact Person: Wang Puguang Electric Equipment Group Co., Ltd, for- IV. Total Investment and Cooperation Telephone: +86-29-88336971 mer Shaanxi Switch Plant, is high and low Form Fax: +86-29-88336971 voltage switch manufacturing enterprise. Total investment of the project is 300 Address: No. 1, Guangtai Road, Xi’an III. Project Description million Yuan. Cooperation form: joint High-tech Industrial and Development The project is planned to build no- venture, cooperation or other. Zone, 710075 inner-tube production line in the industry V. Anticipation of Market and Analysis park of Baoji High-Tech Industries Devel- of Investment Return I. Project Name opment Zone which can produce 2 million In Chinese light/mini-truck market, Construction Project of 1.5 million sets of spoke; it also is planned to build the annual output and sales volume have sets of Automobile Safety Glass Produc- automobile casting production line with exceeded 1.2 million, and remained the tion Line annual production capacity of 5000 tons, steady rising trend, so the market is prom- II. Project Implementation Agency In addition, it is planned to build a produc- ising. Relying on the advantages of design, Weicheng District People’s Govern- tion base of complete set equipment for development, manufacturing and sales in ment, Xianyang power transmission. medium/heavy gearboxes, the Group will

44 nological Development Zone Corporation. proposed to build the car parts casting Caijiapo Economic and Technological De- project in the Car Industrial Park of Baoji velopment Zone was approved as provin- Hi-tech Industries Development Zone, and NVESTMENT cial development zone by the provincial utilize the lost foam casting technique to INFO government in March 1995. With regis- produce car part castings, with annual out- I tered capital of RMB 101 million, Caijiapo put of 100,000 tons. Economic and Technological Develop- IV. Total Investment and Cooperation ment Corporation is an economic entity Form with legal personality, mainly engaging in Total investment of the project is 150 introduction of development. million Yuan. Cooperation form: joint I. Project Name III. Project Description venture, or cooperation. Parts Production Projects of Anti- Along with the increase of the output V. Anticipation of Market and Analysis blocking Brake System of Heavy Truck of entire cars, the demands of domestic of Investment Return II. Project Implementation Agency heavy-duty car enterprises for brakes are After the project meets its production Shaanxi Caijiapo Economic Tech- increasing too. The Project, giving full target, the annual sales income is estimat- nological Development Zone Co., Ltd. play to the industry's advantages and meet- ed to be 350 million Yuan and profit and Shaanxi Caijiapo Economic Technological ing the demands of the entire cars, aims tax 28 million Yuan. Development Zone is a provincial level to build the production line for car brakes Contact Person: Shangguan Zheng development zone approved by Shaanxi in Caijiapo Economic and Technological Telephone: +86-917-8561517 Provincial People’s Government in March Development Zone. After the Project is Fax: +86-917-8561608 1995. The registered capital of the com- completed, the annual output will be 3.9 Address: Automobile Industry Park of pany is 101 million Yuan engaging in de- million brakes, 900,000 brake drums and Baoji Hi-tech Industries Development velopment and introduction. It is corporate 800,000 wheel hubs, and total production Zone, 722405 body. capacity can reach 6.4 million. III. Project Description IV. Total Investment and Cooperation I. Project Name The project is planned to build a parts Form Hydraulic System Production Line of production line of antiblocking brake sys- Total investment of the project is 160 Self- Unloading Vehicles tem of heavy Truck in Shaanxi Caijiapo million Yuan. Cooperation form: joint II. Project Implementation Agency Economic Technological Development venture, cooperation or construction with Shaanxi Tongli Special-use Vehicles Zone by introducing advanced production sole investment by investors. Co., Ltd. is a major subsidiary company technology and inspection equipment. V. Anticipation of Market and Analysis and important composition of Shaanxi It can produce 200,000 sets of Antilock of Investment Return Automobile Group Co., Ltd. The company Braking System, 300,000 sets of Disc It is estimated that the demands for car has a registered capital of 35.65 million Brakes and 1 million sets of non-asbestos brakes are larger, thus the direct supply of Yuan and a covered area of 430 mu. Based brake lining. car brakes to Shaanxi Automobile Group on the technical force and market advan- IV. Total Investment and Cooperation from Caijiapo will face huger development tages of Shaanxi Automobile Group Co., Form opportunities. After the Project is put into Ltd, The Company is specializing in pro- Total investment of the project is 190 operation, the annual sales income will duction of heavy vehicle parts and design million Yuan. Cooperation form: joint reach up to RMB 550 million and profit and manufacturing of various special-use venture, cooperation or construction with tax up to RMB 80 million. The payback vehicles sole investment by investors. period of investment is 4.5 years and the III. Project Description V. Anticipation of Market and Analysis internal earning ratio will be 21%. The project is planned to build hy- of Investment Return Contact Person: Shen Gang draulic system production line of self- In future several years, the heavy-duty Telephone: +86-917-8561517 unloading vehicles which can produce truck in China will increase at a speed Fax: +86-917-8561608 30,000 pieces of oil cylinder, pump and of 12-17% and it can produce 500,000- Address: East of Xisan Road, Shaanxi valve for self-unloading vehicles use. 550,000 vehicles. After the completion of Caijiapo Economic Technological Devel- IV. Total Investment and Cooperation the project, the sales income of the project opment Zone, 722405 Form can reach 380 million Yuan, profit and tax E-mail: [email protected] Total investment of the project is 120 60 million Yuan. The investment recovery million Yuan. Cooperation form: joint period is 3.5 years and the internal rate of I. Project Name venture, cooperative development for pro- return is 26%. 100,000 t/y Lost Foam Casting Project duction. Zhang Xiaoting Contact Person: II. Project Implementation Agency V. Anticipation of Market and Analysis +86-917-8561517 Telephone: Baoji Retainer Automobile Parts Co., of Investment Return Fax: +86-917-8561608 Ltd. founded in 1985 and the company has As the infrastructure construction Address: East of Xisan Road, Shaanxi parts subsidiary company and foundry strength is enhanced, the demand of heavy Caijiapo Economic Technological Devel- subsidiary company. The production value engineering transporter become larger opment Zone, 722405 exceed 100 million Yuan. and larger, which provide a broad market [email protected] E-mail: III. Project Description for oil cylinder, pump and valve for self- Baoji Retainer Automobile Parts Co., unloading vehicles use. After the project I. Project Name Ltd., with 500,000 sets of heavy-duty car meets its product efficiency, the sales in- Car Brake Production Project spare parts, has utilized the lost foam cast- come is estimated to be 250 million Yuan II. Project Implementation Agency ing technique to produce more than 3,000 and the investment recovery period is 4.5 Shaanxi Caijiapo Economic and Tech- tons high-quality ball iron castings. It is years and internal rate of return is 20%. 46 Contact Person: Song Hongwei II. Project Implementation Agency ing task of 76000 vehicles in 2008. In Telephone: +86-917-8561517 Baoji Tianrui Inner Vehicle Ornament 2012, it is estimated to produce 100,000 Fax: +86-917-8561608 Co., Ltd., is a professional supported en- vehicles, which need 1.1 million wheels. Address: East of Xisan Road, Shaanxi terprise of Shaanxi Heavy Duty Vehicles The project has broad development Caijiapo Economic Technological Devel- Company, aiming at Sitaier, Delong. Its prospect. After the project meets its opment Zone, 722405 products are instrument panel, absorbing production efficiency, it can realize sales E-mail: [email protected] parts, heat shield of engine, etc. income of 108 million Yuan, tax of 8.54 III. Project Description million Yuan and profit of 15.98 million I. Project Name The project is planned to build car Yuan. The investment recovery period is Driver Cab’s Hydraulic Pressure Re- inner ornament production project in 5 years. versal Production Project Jingwei Industry Park of Xi’an Economic Contact Person: Song Hongwei II. Project Implementation Agency Technologies Development Zone. It Telephone: +86-917-8561517 Shaanxi Caijiapo Economic Tech- has established close relationship with Fax: +86-917-8561608 nological Development Zone Co., Ltd. Shaanxi Heavy Duty Vehicles Company. Address: East of Xisan Road, Shaanxi Shaanxi Caijiapo Economic Technological It aims at the production of inner orna- Caijiapo Economic Technological Devel- Development Zone is a provincial level ment, ceiling joist products of heavy opment Zone, 722405 development zone approved by Shaanxi truck and saloon car. After it meets its E-mail: [email protected] Provincial People’s Government in March production target, it can produce 150,000 1995. The registered capital of the com- sets of inner ornament a year. I. Project Name pany is 101 million Yuan engaging in de- IV. Total Investment and Cooperation Wheel Boss, Gear Box and Sand- velopment and introduction. It is corporate Form coated Iron-Mould Production Line Proj- body. Total investment of the project is 120 ect III. Project Description million Yuan. Cooperation form: joint II. Project Implementation Agency Driver cab’s hydraulic pressure rever- venture or cooperation. Baoji Huaqiang Industrial Trading sal is an important auxiliary part of heavy V. Anticipation of Market and Analysis Co., Ltd., with total assets of RMB 180 truck. The Project, located in Caijiapo of Investment Return million, has formed an annual production Economic and Technological Development After the completion, it can realize capacity of 80,000 heavy-duty car parts, Zone, covers an area of 200mu, and aims sales income of 320 million Yuan and tax 200,000 axle-driven shells and 30,000 to build the production line for hydraulic contribution of about 44.8 million Yuan. tons of casting products. It has introduced tumblers in driver’s cabin, providing ac- The investment can be recovered within 8 the production line for heavy-duty car ax- cessories for Shaanxi Automobile Group. years. le-driven shells from Korean DEAWOO, IV. Total Investment and Cooperation Contact Person: Zhou Weitao providing more than 500 kinds of axle- Form Telephone: +86-29-86527432 +86- driven shells for Shaanxi Automobile Total investment of the project is 120 13772158278 Group and Shaanxi Hande Axle Co., million Yuan. Cooperation form: joint Fax: +86-29-86521102 Ltd., etc. venture, cooperation or construction with III. Project Description sole investment by investors. I. Project Name It is proposed to build the workshop, V. Anticipation of Market and Analysis Special-purpose Vehicle Wheel Pro- power distribution system, smelting of Investment Return duction Project system and molding system, purchase In the following several years, China’s II. Project Implementation Agency relevant production equipments and set demands for heavy trucks will be further Located in Caijiapo Economic Tech- up six iron-type sand-coverage molding accelerated. By 2010. the production ca- nologies Development Zone, Hongxin lines in Caijiapo Economic and Techno- pacity of Shaanxi Automobile Group will Vehicle Parts is a private enterprise spe- logical Development Zone of Baoji City. reach more than 100,000, and the demands cializing in production, sales and R&D of After the Project is completed, the an- for hydraulic tumblers will become larger automobile parts. It has a registered capital nual output will be 35,000 tons of wheel and larger. The Project can directly pro- of 10 million Yuan. hubs and gearbox precision castings. vide driver cab’s hydraulic pressure rever- III. Project Description IV. Total Investment and Cooperation sal for Shaanxi Automobile Group. After It is planned to build a special- Form the Project is completed, the estimated purpose vehicle wheel production project Total investment of the project is 60 annual sales income will reach RMB 300 in Baoji Caijiapo Economic Technologies million Yuan. It is planned to introduce 25 million. The payback period of investment Development Zone with a covered area million Yuan through investment promo- is 4.5 years, and the internal rate of return of 70 mu. It can produce 200,000 special- tion. Cooperation form: stock participation is 22%. purpose vehicle wheels and supply sup- or cooperation. Contact Person: Shen Gang ported service to Shaanxi Automobile V. Anticipation of Market and Analysis Telephone: +86-917-8561517 Group Co., Ltd of Investment Return Fax: +86-917-8561608 IV. Total Investment and Cooperation After the project is put into produc- Address: East of Xisan Road, Shaanxi Form tion, the newly increased production value Caijiapo Economic Technological Devel- Total investment of the project is 75.27 is 219 million Yuan and newly increased opment Zone, 722405 million Yuan. Cooperation form: joint tax is 23 million Yuan. The investment E-mail: [email protected] venture or cooperation. recovery period is 3 years. The return rate V. Anticipation of Market and Analysis is 7%. I. Project Name of Investment Return Contact Person: Zhang Guosheng, Li Car Inner Ornament Production Proj- Shaanxi Automobile Group Co., Cunlin ect Ltd completed production and market- Telephone: +86-917-8777111 47 Industry 48 port”, in combination of the actual situation in China. China. in situation actual of the waterless combination in port”, “virtual idea an out brings innovatively shippingchina.com, of CEO Chunshu, Kang system, infor service logistics the and technology high combining industry, and mation experiences development industry logistics foreign opportunity an industry. logistics for Chinese bringing efficiency, improve and costs the cut system, service logistics modern construct to attention great paying is governments central the ter in inner land but with similar functions of coastal ports, comes to surface. surface. to comes ports, of coastal functions similar with but land inner in ter cen logistics modern of kind a ports, Waterless operators. port for task portant im an be will source cargo and hinterland economic broader the How secure to of chain. supply the a link ports modern make customs transportation and trade Explore the inner land market and develop waterless port waterless develop and market land inner the Explore T Wang S Wang Virtual Waterless Port: Port: Waterless Virtual Based on the years’ experiences in this industry, drawing lessons from the the from lessons drawing industry, this in experiences years’ the on Based Chang De, board chairman and president of Qingdao Port Group, said, said, Group, Port Qingdao of president and chairman board De, Chang international in adjustment the and globalization economic Deepening and information industry to a level of national strategy, it shows that that shows it strategy, levelofa national to industry information and of development logistics the lo Lifting industry. includes information and gistics which programme”, stimulating out industries carried major China “ten of government central the crisis, the with deal o iyuan - - - - to the increase in container through container in increase the to support good a had which potential, great has market inland and strategy, workable a proved been has agencies inland and customs the with market together container that inland develop decision to The on. so and Zheng zhou and Xi’an and Lanzhou, in China, also Southeast in and Chengdu Chongqing in one, farthest the Xinjiang, in offices, agent inland 15 have we now till and market, inland in develop to began “Early Port Qingdao 1995, and Development. China Western Central of rise the ing mean plan, development economic with line overall in government’s central and Chinese cargos collect to way effective an is which inland, offices in port to refers port waterless - - - Ccpit ------51 Forum Held n the afternoon of July 9, PresidentBoakai, of Liberiathe Vice-who took a stateChina, visit attendedto Sino-Liberia Investment Trade and Forum sponsored by CCPIT. And a talk Zhang Wei said the bilateral relation of China and Zhang also said that faced with the current global Boakai said that it was his first visit to China, and And Boakai pointed out that the Liberian economy C O was carried on between Boakai, the Vice-President of Li beria, and Zhangwei, the Chairman CCPIT. of more Liberia hit volume trade have bilateral The developed trade. and economy smoothly, especially billionthan inin US$1.1 2008, and themore potentials for the very future. financial crisis, it is necessaryfor strengthen Chinese cooperation companies with to Africa, including freeLiberia trade. on amazedgot rapid economy China’s in by recent years. mainly relied on agriculture, thus China and Liberia should enhance cooperation on agriculture, energy, minerals, for estry and other fields, to fully mobilize the enthusiasmof Investment and Trade and Investment - - and Investment Summit Investment and C Preparing for the China-ASEAN Business

n July 3, 2009, liaison of ficers meeting for the China-ASEANSixth Business and Investment Summit hosted by

Combined with the chances and challenges, pieces five gave of adviceYu to the summit preparation: first, to sendinvitation The officials from various countries attended the meeting showed their supportfor sixthe session summit. The 6th China-ASEAN Business and Investment Summit will be held in Nanning, capital city of Guangxi Province on Oc Yu Ping, the Vice Chairman of

Besides, Chinese companies including Huawei, ZTE, China Metallurgical Union exchanged their views on bilateral eco Liberia is a member of the Economic Community of West African States CCPIT (ECOWAS). and madeECOWAS more China-Liberia

A talk was carried on between Boakai, theLiberia, and Zhangwei, the Chairman Vice-President of CCPIT. of O widely to all parts to attend the summit; second, to improve the summit operation mechanism to promote sustainable develop ing financial crisis. But still that China-ASEANTradeFree Area negotiation will be completed yearnext worth is expectation. ment; third, to enrich the meeting content and launch more highlights; gainfourth, more influence; and tothe last, form to strengthen a market-oriented operationthe systempromotion and build long-termup a activities, service chain. aiming to tober 20 in 2009. CCPIT, CCPIT, said the former five-time busi CCPIT was hold in Beijing. The summit liaison officers coming from Cambodia, Indonesia, Laos, Myanmar, Vietnam and other countries, the Embassy officials in China of Thailand, Malaysia, the Brunei,Philippines and other countries, and the related Chinese officials,the meeting. attended ness and investment summit achieved good results, challenge a big however existing in the coming sixth session as the still ongo visits to each other after the successfully hold Sino-ECOWAS Economy and Trade Forum in Beijing and Wuhan last year. More More year. last Wuhan and Beijing in Forum Trade and Economy Sino-ECOWAS hold successfully the after other each to visits and more Chinese enterprises Africa to go West a business for opportunity. the enterprises both of sides. And a great number business of opportunities are hidden post-war reconstruction. in Liberia’s nomic exchange and trade cooperation. Fairs Add: Export and Import Furniture of Chamber Province Sub-council;Sichuan TradeChengdu Organizer: Office Commerce Province Host: Web: Exhibits: Center Exhibition and Convention Venue: 2001 event: first the Year of Frequency: Date: Exhibition Industry Furniture International 10th Chengdu The Decorations Floor Woodwork Furniture, Household Decorations, Contact Person: Email: Fax: Tel: 116023 China, Liaoning, Dalian, District, Shahekou Plaza, Add: Ltd Co., Exhibition Cooperation Bureau; Dalian International Garment Organizer: Dalian of Government People’s Association, try Host: Web: etc equipment, garment machinery, textile textile, household materials, auxiliary cloth, accessories, underwear,garmentgarment,leather garment, Exhibits: Plaza Expo World Dalian Center, Venue: 1988 Event: First the Year of Frequency: Duration: Exhibition Textile and Garment International (Dalian) China 24th The Textile ChinaFairs &Expos 54 86-411-84892803 86-411-84892900 Room 1601, Fangdi Building, No.28, Renmin F3, World Expo Plaza, No.10 F Zone, Xinhai Xinhai Zone, No.10F Plaza, Expo World F3,

August, 2009 2009 August, People’s Government of Chengdu, Sichuan Sichuan Chengdu, of Government People’s Ministry of Commerce; China TextileIndus China Commerce; of Ministry www.neweastfair.co www.cigf.com.cn [email protected] Chengdu Century Town New International International New Town Century Chengdu Exhibition and Convention Xinghai Dalilan women’s garment, men’s garment, leisure leisure men’s garment, garment, women’s furniture, machinery, synthetic products synthetic machinery, furniture, August 28-August 30, 2009 30, 28-August August Dalian Foreign Trade and Economic andTrade Foreign Dalian China Council for the International the for Council China Yearly Yearly Sun Yan, Tao Sun Jiang m - Email: Fax: Tel: Sichuan, Chengdu, China, 610015 Section, First Road Middle Society; China Automobile Industry Import and Ex and Import Industry Automobile China Society; Engineering Auto China Association; Industry Auto China Sub-Council; Industry TradeAuto ternational In of Promotion the for Council China Trade, tional Host: etc product, and equipment modification auto product, auto equipment, nance mainte auto parts, auto vehicle, commercial yacht, Exhibits: Plaza Expo World Dalian Center, Venue: 1996 Event: First the Year of Frequency: Date: Exhibition Auto Industry International Dalian 2009 A Contact Person: Email: Fax: Tel: Haidian 100037 China, Road, Beijing, District, Sanlihe No.13, Building, Center Add: Organizer: PRC of Development Host: technology and materials eco-renewable and Exhibits: Venue: Frequency: Duration: Exhibition Urban and Services Materials Building Eco, Construction International China 2009 The uto tools and Fittings and tools uto 86-28-86279755 86-10-68311697 86-28-86280491 86-10-88082034 4th, 6th Floor, China Architectural Culture Architectural China Floor, 6th 4th, August 18-August 23, 2009 23, 18-August August China Council for the Promotion of Interna of Promotion the for Council China The Ministry of Housing and Urban-Rural Urban-Rural and Housing of Ministry The

[email protected] China International Exhibition Center China Exhibition International [email protected] Dalilan Xinghai Convention and Exhibition Exhibition and Convention Xinghai Dalilan green building materials, energy-saving energy-saving materials, building green passenger vehicle, recreation vehicle, recreation vehicle, passenger August 18-August 20, 2009 20, 18-August August China Architectural Culture Center Culture Architectural China Yearly Yearly Wang Xue Wang m - - - - Contact Person: Email: Fax: Tel: 710061 China, Shaanxi, Xi’an Section, Add: Ltd Co., Exhibition and Organizer: Association Administration Enterprise nology Host: Contact Person: Email: Fax: Tel: 116001 China, Liaoning, Dalian, Dist., Zhongshan Add: Ltd Co., Development Industry Exhibition Chamber Organizer: Dalian of Government People’s Corporation; port Venue: 1964 event: first the Year of Frequency: Date: Fair (Chengdu) Electronics China 2009 Electronic Web: etc. technology, application fundamental mation infor product, electronic military technology, testing product, machinery whole-set equipment, defence national significant technology, decrease discharge Exhibits: Center Exhibition and Venue: 2009 Event: first the Year of Frequency: Date: EquipmentInformation Exhibition and Industry Defence National China 2009 S Public 86-29-82371892 86-411-82822356 86-29-87812297 86-411-82650186 A-503, No.505, Second Ring Road East East Road Ring Second No.505, A-503, Rm. 1005, Wanda Tower, 9, Jiefang St., St., Jiefang 9, Tower, Wanda 1005, Rm.

August 27-August 29, 2009 2009 29, 27-August August 2009 29, 26-August August China National Defence Science and Techand Science Defence National China www.qsen.com.c

[email protected] [email protected] Chengdu Century Town New International International New Town Century Chengdu Xi’an Qujiang International Convention International Qujiang Xi’an military/civil use product, energy saving/ energy product, use military/civil Dalian International Chamber Exhibition Exhibition Chamber International Dalian Xi’an Qujiang International Convention Convention International Qujiang Xi’an ecurity and Fire Control Fire and ecurity Three sessions a Year sessions Three Biyearly I ntelligence Yang Dong Jiang Shien Jiang n - - Convention and Exhibition Center office of Qingdao Municipal People’s Government; Frequency: Yearly Exhibits: electronic components, electronic mate- Qingdao Jinnuo Convention and Exhibition Co., Ltd Year of the First Event: 2004 rials, electronic manufacture equipment, measure- Organizer: Qingdao Jinnuo Convention and Exhi- Venue: Shanghai New International Expo Center ment components, consumption electronics, com- bition Co., Ltd Web: www.shanghaiamts.com puter, network system and peripheral equipment, Add: Rm 902, Fulin Building, No.87, South Fuzhou Add: 8F, Zhongxin Zhongshan Building, 999 telecommunication product, etc. Road, Qingdao, Shandong, China, 266071 Nong, Zhongshan South 2nd Road, Shanghai, Web: www.icef.com.cn Tel: 86-532-85785101 China, 200030 Host: China Electronic Appliance Corporation Fax: 86-532-85785105 Tel: 86-21-64681300 Organizer: China Electronics Conference and Email: [email protected] Fax: 86-21-64681849 Exhibition Corporation Contact Person: Yang Xiaohua Email: [email protected] Add: No.49, Fuxing Road, Beijing, China Contact Person: Yang Mei Tel: 86-10-51662329 Fax: 86-10-68189519 Others, Comprehensive Metal Email: [email protected] 2009 Northeast China (Shenyang) Contact person: Liu Hong, Chen Zhenyu, Qi Yingzi Government Procurement Fair The 5th China International Metal Working Duration: August 19-August 21, 2009 Technology & Equipment Exhibition Frequency: Yearly Date: August 18-August 20, 2009 Year of the First Event: 2006 Frequency: Yearly Venue: Liaoning Exhibition Center Year of the first event: 2005 Exhibits: general government procurement sup- Venue: Tianjin Binhai International Convention plies, special government procurement supplies, etc and Exhibition Center Web: www.iecsy.com Exhibits: metal-cutting machine tools, metal form- Host: People’s Government of Shenyang, Peo- ing machine tools, special machine tools, mould ple’s Government of Liaoning Governemnt Offices forming machine tools, numerical control systems, Administration; Liaoning Government Procurement digital machine tools and auxiliary equipment, test Association and measurement equipment Organizer: Shenyang International Exhibition Web: www.chinaimpe.com.cn Company Host: China Machinery Industry Federation; China Add: 181, Jingwei Apartment, 32 Yunjidong Street, Nonferrous Metal Working Industry Association; 11 Wei Road, Heping District, Shenyang, Liaoning, Tianjin Binhai New Area Management Committee China, 110003 Organizer: Tianjin Zhenwei Exhibition Co., Ltd Medical & Health Care Tel: 86-24-23256988 Add: Floor 2, Binhai International Convention and International Confencence & Exhibition of Fax: 86-24-23256988 Exhibition Center, Tianjin Economic Development the Modernization of Chinese Medicine & Contact Person: Mr. Zhao Area, Tianjin, China Health Products Tel: 86-22-66224095 Date: August 13-August 17, 2009 China (Ningxia) International Trade and Fax: 86-22-66224099 Venue: Hong Kong Convention and Exhibition Center Investment Fair Email: [email protected] Exhibits: Chinese medicine, health products, scientific Venue: Yinchuan International Conference and Contact Person: Xu Zhigang Tel: 86-592-1830668 Exhibition Center Fax: 86-592-28240249 Duration: August 18, 2009 – August 23, 2009 Email: [email protected] Registration: August 16, 2009 Food and Additives, Beverage, Exhibits: Halal food, Muslim commodities, Premier Drinks, Seasonings, Dairy cashmere (wool) products, Modern light industry Products Machinery, Machine tools and electronic products, Machinery and equipments, Hong Kong International Tea Fair The 11th Qingdao International Machine Agricultural products / distinctive local characteristics Date: August 12-August 15, 2009 Tool Mould Fair Sponsors: Ministry of Commerce of the People’s Venue: Hong Kong Convention and Exhibition Duration: August 20-August 23, 2009 Republic of China; China Council for the Promo- Center Frequency: Yearly tion of International Trade; People’s Government Exhibits: tea, processing equipment and testing Venue: Qingdao International Convention Center of Ningxia Hui Autonomous Region services, tea ware. Tea bars/organizations, tea Exhibits: women’s garment, men’s garment, leisure Add: No.169, Beijing Middle Road, Yinchuan, technology, tea service and publications garment, leather garment, underwear, garment Ningxia, China Tel: 86-592-1830668 accessories, cloth, auxiliary materials, household Web: www.yccec.com Fax: 86-592-28240249 textile, textile machinery, garment equipment, etc Organizers: Ministry of Commerce, the People’s Email: [email protected] Web: www.jch-mj.com Republic of China; China Council for the Promo- Host: CCPIT, China Chamber of International Com- tion of International Trade; The People’s Govern- merce Machinery Chamber of Commerce; Big Event ment of Ningxia Hui Autonomous Region Linkman: Mr. Li Yining Tel: 86-951-5019122 Fax: 86-951-5043345/5044239 Cellphone: 86-13079510967 E-mail: [email protected]

Automation 2009 Shanghai International Automobile Manufacturing Technology and Materials Show Date: August 18-August 21, 2009

55 Embassy 56 for ChineseEnterprises London 2012asSpringboard A bassy. Em British in China for Investment and Trade of Director Morgan, Mr. Alastair Y Guo to the news from the official website of the the of website official the from news the to according Additionally, globally. 2 and number Europe in destination investment ing lead the as position its maintain U.K. the in helped which U.K., the forlargest source 8th vestment the was China time, same the At investment. Chinese for destination No.1European the as U.K. the establishing projects, new 59 with levels record reached U.K. the to China from investment foreign an nancial year from 2008 to 2009, to 2008 from year nancial fi the during June, in (UKTI) released Investment U.K. & from Trade data to ccording - - - - ferred to Crystal Stone), Shanghai Haobo Chair Co., Ltd. may be may Ltd. Co., Chair Haobo Stone),Shanghai re Crystal to ferred (hereinafter Company Technology Digital Stone Crystal and Huajiang) to referred (hereinafter Ltd. Co., Development Culture for opportunities business enterprises. Chinese more bring also will London in pics 2012Olym The businesses. R&D foreign for to attractions major also commitment are a with fused innovation and skills ativity, cre U.K.’s world-class The consumers. million 455 with Europe in market a huge a is It including connections, business. for international to going gateway environment are best the that as it companies recognize global because investment foreign for tion the in before. ever invest U.K. than to desire after stronger even that an had they expressed Britain, visiting delegation Chinese the of members Many London. in office representative a up Technol set to decided Software Ltd. Co., ogy Creative Worksoft visit, the after that men tioned especially He world. the to access as U.K. provides the that platform target a to continued companies many and Britain, in investment reduce didn’t companies Chinese economy, global the of downturn the E.U.Despite the in investment foreign for nation - desti top the as place its keep to U.K. the allowed has U.K. the in investment favor companies Chinese that Morgan’sMr. statement growth. global for springboard their as U.K. the using are ofthese this business visit and the current state of bilateral investment. investment. of bilateral state of current the and visit results business this the about information more get to Beijing, Investment Trade of Inward of Head Wilson, Corin Director Mr. and China, for Morgan, Investment and Alastair Mr. interviewed magazine to invest in the U.K. Several months later, later, months Several U.K. enterprises the in invest Chinese to more attract best to how learn businessmen with connected ofBritish team the help to as well as Games, Olympic London opportunities the business seek to enterprises nese - Chi enable to order in Investment, & Trade U.K. and Investment ofLondon Board the by co-organized visit, business a for London with up matched been yet enterprises. not have projects these of more now, 80% until than and thousand, 70 about to con offered be direct will that tracts predicted is It billion. 8 US$ of profits expected with opportunities investment 75 thousand approximately provide 2012will London Games, Paralympic and 2012 Olympic London Positive attitude to investment in the U.K. the in investment to attitude Positive Following Beijing-based private enterprises, Beijing Huajiang Huajiang Beijing enterprises, private Beijing-based Following He stressed that the U.K. continued to be a leading destina many U.K., the in based now are businesses 420 than More In March of this year, 35 Chinese enterprises were invited to to invited were enterprises Chinese 35 year, this of March In China’sTradeForeign

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of more than US$130 billion. Iran wants to upgrade its equipment and sharpen its skills in the field of crude oil refining to reduce The 8th National Congress of its dependence on gasoline imports. In the field of oil-gas exploration, Iran also wel- comes Chinese firms. According to the five- Returned Overseas year-plan from the Iran National Gasoline Company, from now until the end of 2024, Chinese and Their Families the upper fields of oil in Iran need investment of US$136.2 billion. “Now, daily gas and oil production is 1.3 million barrels, we hope that Convened in Beijing by 2020, daily production will reach 2.2 mil- n July 14, 2009, 1026 overseas lion barrels. We have implemented four five- Chinese circle delegates from year-plans aiming at stimulating the Iran Oil all over China and 347 overseas and Gasoline Industry with total investment Chinese guests from abroad and of more than US$130 billion, of which, we 3500O overseas Chinese in Capital Beijing will invest US$54 billion on construction of gathered together in the Great Hall of the a new oil pipeline. Currently, Iran has neared People, attending the opening ceremony of completion of the first stage of the plan. It the 8th National Congress of Returned Over- will need US$15 billion, and until now we seas Chinese and Their Families. At 9 o’clock, have raised US$9 billion.” Mr. Shirazi said. Lin Jun, Chairman of the 7th Committee of However, Chinese firms were still full All-China Federation of Returned Overseas Chinese declared the Congress open. of misunderstanding about investment in The agenda of this congress is as follows: reviewing and approving the Work Re- Iran’s refineries. On the one hand, China’s port of the 7thth Committee of All-China Federation of Returned Overseas Chinese oil and gasoline companies are major inves- (ACFROC); reviewing and approving the Charter of All-China Federation of Returned tors in the upper fields; however on the other Overseas Chinese (Amendment); electing the 8th Committee of All-China Federation of hand, they were concerned about the national Returned Overseas Chinese; recruiting the advisors, overseas committee members and gasoline and diesel subsidies that Iran will honorary committee members of ACFROC; rewarding the advanced groups and indi- implement. viduals in the nationwide overseas Chinese circle. Vice-minister Shirazi noted that Hu Jintao, Wu Bangguo, Wen Jiabao and other national leaders attended this Con- NIORDC raised a series of incentive policies gress, embodying the great importance the Government attaches to the congress. and welcomes Chinese capital to become a The delegates present at this opening ceremony all excitedly expressed that this con- major shareholder in any project. “We will gress was a grand meeting convened at the critical phase of China’s cause of reform and continue to consult with the Chinese party opening-up, a grand meeting convened at the moment of celebrating the 60th anniversary regarding the establishment of a coopera- of PRC, and a significant event in the political life of the overseas Chinese circle. tive framework and construction of a shared distribution pattern that meets both parties’ satisfaction. Chinese firms have been free to choose the form of the joint venture, and Iran will provide convenience in the share distri- Unsecured Lending Service bution for new projects and loan contracts. Chinese oil firms will enjoy preferential poli- cies especially regarding the supply of raw for Farmers materials; these include a 5% discount on raw nner Mongolia Helingeer Standard Chartered Village Bank Limited (“Standard materials purchased in Iran, and an eight-year Chartered Village Bank”) announced the recent launch of its unsecured lend- tax-free policy on investments made in Ira- ing service to farmers on July 8, 2009, in Huhhot. The first loan application has nian free trade zones. ” been approved and disbursed to a local farmer. Mr. Hamid Reza Katoozian, MP, Head IKatherine Tsang, Executive Vice Chairman and CEO, Standard Chartered Bank of Energy Commision, expected that Sino- (China) Limited, said, “The launch of Standard Chartered Village Bank’s unsecured Iran cooperation on energy has great poten- lending service marks a significant milestone for Standard Chartered’s direct rural tial. In his view, Iran has played a significant financing efforts in China, forming one of our cornerstones for future growth. We role in guaranteeing world energy security. fully support the Chinese Government’s efforts to enhance economic development Additionally, Iran is the world’s fourth larg- and financial reform in rural areas; and we are very grateful for the support and est producer of crude oil and OPEC’s second- guidance we have received from our regulators and local authorities.” largest oil producer. In order to protect East Standard Chartered Village Bank’s unsecured lending service provides relief to Asia (and especially China’s) energy secu- farmers facing difficulties in financing their operations by improving their cash flow, rity, Iran has begun strategic planning, for offering loans of up to RMB 50,000 with a maximum loan term of 1 year. Applicants instance, restructuring crude oil debts, a new must be residents of Helingeer with a valid ID, and engaged in farming, stockbreeding gasoline strategy and construction of the oil or other agricultural activities as defined by China’s rural economic policy. pipeline. He was also very optimistic about Qian Xiaodong, Head of Village Banking, Standard Chartered Bank (China) the cooperation between China and Iran Limited, said, “We have effectively combined Standard Chartered’s international regarding gasoline exploration, promoting risk management expertise with our local market insight to set up a robust risk man- Iran’s refinery production capability, and oil agement system. We will strive to provide a greater variety of products and services and diesel investment in the future. to serve our customers’ financial needs.”

59 Exchange A ference and introduced the operation. operation. the introduced and ference con the attended University Peking from academics senior with together China to the Commission European Commerce, the of of Delegation Ministry the Officials from Senior 2009. 9, July on China and explained that, “ that, explained and protection IP in Europe and China tween be co-operation close the of example an as Search Law IP China cited Commerce work. daily their to contribute how learn to 2008, December in inaugurated was (IIPP) forIntellectualProperty Internationaltute Insti University’s the where University, Peking Ren at Centre Shou Conference the International in and gathered students authorities IP academics, lawyers, compa nies, associations, Business China. in enforcement and protection (IP) property intellectual of framework legislative rent cur the on resources legal access and find users help to designed tool search charge 60 G inChina Intellectual Property New LegalPlatformfor uo Yanuo China IP Law Search Search Law IP China Ms. Wang Yang from the Ministry of Ministry the from YangWang Ms. property was inaugurated in in inaugurated was property intellectual of enforcement and protection the to related lations regu and laws of platform new could could Search law IP China Search Law IP China is a free-of- a is ------tive Procedure Law, Copyrights, Civil Civil Copyrights, Law, Procedure tive internet,AdministrativeAdministraand the on information of dissemination Law, Trademark Law, Patent as such intellectual property of fields major the covering etc. interpretations judicial rules, ministry laws, including texts legal 140 than more search to users enables Search Law IP na platform. new the about related informations the introduced Project IPRR2 na - EU-Chi Barker, Tamryn Ms. and Project laws. IP-related European for platform bilingual similar IP a develop to foreseen Chinese is It the environment.” in studying interested simply working, or anyone to valuable a support be will It China. in property refer intellectual to relevant immediately legal ences of collection bilingual comprehen sive, a time first the for provide “ tool, the of use widespread potentially con the China firmed to Delegation Commission in both Chinese.” and English information IP-related to access public widespread provide to of Commerce Ministry the by objective an of part is Mr. Carlo Pandolfi, EU-China IPR2 IPR2 EU-China Pandolfi, Carlo Mr. European the from Filon Rudie Mr. aims to to aims Search Law IP China IP Law Search is is Search Law IP Anti-Monopoly. and Competition Unfair andTrademarks, Transfer, Technology Varieties, Plant New Patents, related, Internet- Designs, Layout Circuit tions,Integrated Indica graphical Geo Protection, IP General Protection, Customs Law, dure CriminalProce and Criminal Law, Procedure Civil and Access to China China to Access Chi ------mation. infor mation. the search and platform the access to how including platform the of the operation introduced she following, the in And freely not offered. is is source commercial a available, translation full a Where each reference can be readily downloaded. of text full where the and copyright), (given possible password; or login a require not does it that Ms explained Barker Tamryn companies. or officials government practitioners, legal they academics, students, be whether users, all to free-of-charge in China” www.ipr.gov.cn. China” in information IP Protection Property “Intellectualplatform primary China’s of ers organis the (CIECC), Centre Commerce Electronic International China with ation co-oper in Project IPR2 EU-China the of tool. of the sustainability of the part on Search links and the texts that legal expressed Pandolfi Carlo nance, authorities. enforcement and administrative judicial, legislative, Chinese the of dif levels the ferent to support technical providing and with co-operating closely by done is This China. in of system protection IP the accessibility and efficiency ability, the - reli the targeting by IPR of strengthen enforcement to years 4 aims over IPR2 2011, to funding joint EUR16 in than million more With (IPR). rights property intellectual of protection the on China and Union European the 2007 between in launched initiative partnership between IPR2 and CIECC, within the China’ the in within Protection Property Intellectual of CIECC, scope and IPR2 between partnership the of objective an is This able. avail made are translations respective their and revised, are legislations previous as and effect take and adopted are laws new as sis, Regarding its updating and mainte and updating its Regarding is an initiative initiative an is Search Law IP China The EU-China IPR2 Project is a is Project IPR2 EU-China The will be updated on an ongoing ba www.ipr.gov.cn C , and is an important important an is and , China IP Law Law IP China

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GRuideule 62 statistics and price authorization. price and statistics business of classification accurate the and collection duty for evidence valid the obtain to as so goods the examine to Customs the for the At necessary is it smuggling. time, same and con carrying secret declaration, hiding, on mixed declaration, deception on e.g., cealment activities, illegal are there if on declaration; contents the to conform goods export & import the of conditions actual the grasp. must control and supervision of the charge in person & Customs the that import skill basic a the also over and Customs, control the by and goods export supervision on-site the of part important an is the with This goods. & export conformity of import the documents in declaration the in listed contents goods the of quantity conditions, nature, the ensure to and place. time specified the in documents declaration written the in hand then data, of electronic form the in Customs the to form declaration the on data the declare must declarant the documents, declaration the preparing unit After declaration fact. the on the based forms the when out fill must applicant the paperwork Customs, the to legal declares the are Customs the documents by declaration other required and Form Declaration As Goods Customs. the Import/Export by the specified place declaration the in time the before expiry data declaration electronic and written of form the in Customs the to declaring while documents declaration the holding be must agent their or goods export & import the of consignor and consignee The goods. export & import the for ities formal declaration Customs the in adopted be must form declaration electronic and export duty has been fully paid in the entry and exit part and all Customs Customs all through. gone and been has part formalities exit and entry the in paid fully been import has the duty after export and territory the of out transporting by circulation free into put or import direct through territory the sold within and used be can goods the which The meaning of common import and export and import common of meaning The the Systemof Control and The Supervision Goods &Export Import of Clearance Goods Export & Import the of Verification and Checkup &Management Declaration the over Control and Supervision the on Customs the of Workflow Regular Customs sealing on the relevant transportation documents and returning to the the to returning and documents transportation relevant the on sealing Customs duty of procedures guarantee. and the collection through going verification, and checkup review, ment and supervision e.g. docu the of procedures, serial a of after out territory of out the taken shipped or site be control to approved are goods exit and entry the that Customs the of behavior the to refers It Customs. the by goods exit and try Goods clearance is the last step of the supervision and control over the en the over control and supervision ofthe step last the is clearance Goods if of: knowledge get Customs the can verification and checkup by Only goods the on examination practical the to refers verification and Checkup and form declaration paper that prescribes Law Customs of 25 Article Basically, this Customs clearance system is in conformity with the two at The common importand export refers to the Customs clearance system in In appearance, goods clearance is only a kind of representing form of the the of form representing of kind a only is clearance goods appearance, In

Import & Export Goods &Export Import Common Import & Export Goods Goods &Export Import Common - - - - - ping order, etc. etc. order, ping ship freight, of bill lading, of bill i.e. documents, relevant the on seal ance” in “clear the person stamp clearance the of charge can collection, duty of verification, documents and checkup declaration, the and control formalities and supervision on-site of the re-verification thorough through legally are “qualified” forthe Customs goods clearance export & import verification. on canceling and control and supervision of time expiry the until concluded be not can formalities customs The ing). process storage, (use, scope specified the in concerned be party the by disposed can goods temporarily-permitted exemptedduty-reduced,orbonded, duty- the territory); the leaves it until control and supervision the under still is goods export (the concerned party the of disposal the at is goods export & after import common The goods clearance. the export & import the of conditions different two be will there case, such In clearance. on concluded been not have formalities customs the therefore, conditions, specified the in enjoyed be can policies duty-free able favor or temporarily exempted be can duty customs the either & goods, export import temporarily-permitted ed, duty-exempted or duty-reduced, bond- However, for the regulations. the to ing accord paid been has duty be the cause clearance on concluded been all have formalities Customs the goods, In checkup. of terms the and common import & export review after document guarantee or collection duty procedures of the through going Cus toms the by preconditioned be must clearance goods reality, In declarant. going through all the formalities in in part. exit and entry the formalities the all through and going duty export and import due the paying totally of meanings important two contains system this time, the same At forever. or territory the within beyond stay can goods export & import the that prescribes It Organization (WCO). Customs World the of Convention Kyoto the in export” “direct and sales” domestic for ance clear “Customs of compacts tached Only by confirming that the the that confirming by Only The concept “common import import “common concept The C ------R ule

(3) Having specific finan- cial information service busi- The Provisions on Administration of Provision of Financial nesses; Information Services in China by Foreign Institutions are (4) Having good dissemi- nation means and technical promulgated by the State Council Information Office, the services; and Ministry of Commerce, and the State Administration for (5) Other conditions Industry and Commerce, and have entered into force on provided in Chinese laws and regulations. June 1, 2009. ● Article 6 A Foreign in- stitution that intends to provide financial information services in China shall apply to the SCIO and provide the follow- ing materials: (1) A written application Provisions on Administration of Provi- signed by the major person-in- charge of the institution; sion of Financial Information Services (2) An introduction of the institution; in China by Foreign Institutions (3) A copy of the docu- mentary evidence proving the establishment of the institution in the country (region) it lo- cated; (4) A summary of the the SCIO. The contents for filing include: the relevant information products, means products, columns, illustra- of provision, the identity information of users and the term of the contract. If the filed tions, information sources and contents are changed, the foreign institution shall apply for alteration of its filing with samples under financial infor- the SCIO within 30 days after such change. mation services to be provided; ● Article 9 Where a foreign institution providing financial information ser- (5) Materials explaining vices in China intends to change the name of the institution, categories of products dissemination means and tech- or means of dissemination, it shall go through alteration procedures with the SCIO nical services. 30 days ahead at least. ● Article 7 The SCIO ● Article 10 A foreign institution that intends to terminate its provision of shall make a decision of ap- financial information services in China shall notify the SCIO in written form before proval or disapproval within 20 termination of its business and go through cancellation procedures with the SCIO working days after accepting within 7 days after termination of business. an application. For applications ● Article 11 The validity term of the approval document for provision of fi- approved, approval documents nancial information services in China by foreign institutions is two years. For the shall be issued, and for those foreign institution whose approval document is expired while intends to continue to disapproved, the SCIO shall provide services, it shall, before 30 days prior to the expiration of the approval docu- notify the applicator and give ment, apply for renewing the approval document with the SCIO with the original explanations in written form. approval document and the materials provided in Article 6 herein. The SCIO will ● Article 8 Foreign in- handle the issue according to Article 7 herein. stitutions providing financial ● Article 12 The SCIO shall protect the information with business values information services in China contained in the materials provided by foreign institutions in accordance with these shall conclude written con- Provisions according to law and the above-mentioned information shall be used for tracts with users. supervision and administration only. A foreign institution shall, within 30 days after receiv- Chapter 3 Investment for Establishment of Enterprises ing the approval documents ● Article 13 If a foreign institution intends to make an investment to establish a prescribed in Article 7 herein financial information service enterprise in China, it shall file an application with the for the first time, provide any commercial authority under the State Council according to relevant Chinese laws contract signed with Chinese and provide the following materials: users before obtaining the ap- (1) The approval document of the SCIO; proval document to the SCIO (2) The written application for establishing a financial information service en- for filing. An approved foreign terprise in China with the signature of the major person-in-charge of the institution; institution that signs or termi- (3) The contracts and articles of associations of the financial information ser- nates any contract with Chinese vice enterprise signed by the legal representatives of investors or their authorized users shall, within 30 days after representatives; the conclusion or termination of (4) The name list of the directors of the financial information service enterprise the contract, to make filing with to be established as well as documentary evidences;

65 CHINESE tIPS 67 direct bus need buses subway /please troublesome taxi, cab pause crossroad about peak period trafficjam the grand theater Turandot beautiful modern invoice Adv. І Adj. N V change N Adj./ N V N Adv. NAdj. Adj. national treasure N just now. just now.

ng zhíjiē gōnggòngqìchē xūyào huànchéng dìtié máfán chūzūchē tí lùkǒu dàyuē gāofēngqī dǔchē guójiādàjùyuàn túlánduǒ guócuì piàoliàng xiàndài fāpiào It It will be fine. Iwent to the Grand Theaterfor Beijing Vocabulary It’s It’s not peak period, so the traffic is not busy.We could Opera Turandot possibly arrive in about half an hour. And the Grand Theater itself is beautiful and very modern. Here are. we keep Do you the invoice? How do you feel about feel do you it? How Thanks, here is the money. please. Yes,

Gorgeous! The Beijing Opera is China’s national treasure. How long will How take it to get there?

直接 公共汽车 需要 换乘 地铁 麻烦 出租车 停 路口 大约 高峰期 堵车 国家大剧院 图兰朵 国粹 漂亮 现代 发票 大卫：好看，京剧是中国的国粹啊！国家大剧院本身也 David: 很漂亮, 很现代。 （一刻钟后） ( One quarter later) 司机：到了。 Driver: 大卫：谢谢，给您钱。 David: 司机：您要发票么？ Driver: 大卫：好的。 David: 生词 David: 司机：现在不是高峰期，路上不堵车。半小时左右就能 到。 Driver: 大卫：那就好。我刚去国家大剧院看京剧《图兰朵》了。 David: 司机：您觉得怎么样？ Driver: 大卫：大约多久能到？ Take A Taxi A Take ） 一 （ 打车 (Inside the cab)

Well, the cab is not allowed to pause along the Chang’an Chang’an street. go to You next crossroad, where you could get a cab. There is no direct bus for Peking needUniversity. You change buses. Or you could take the subway first, then take a bus. Hello! Can I help you? Can you? Hello! I help So troublesome. I want to take a taxi, find but I couldn’t a cab. Excuse me, could tell you to me how to go Peking University? Please take me to the east gate Peking of University. That’s why! Thanks! why! That’s

David: 司机：您好！您去哪？ Driver: 大卫：师傅，麻烦去北京大学东门。 David: (出租车上) 大卫：怪不得呢。谢谢！ 路人甲：哦，长安街上出租车不能停。你走到下个路口， Passer B: 那儿出租车可以停。 大卫：太麻烦了。我想打车去，可是找不到出租车。 David: Passer A: 大卫：你好，请问北京大学怎么走？ David: 路人甲：这没有直接到北大的公共汽车，你需要换乘。 或者先做地铁，再换公交。 （国家大剧院前） Theater) Grand (In front of the National List upply info

your needs. Whether it’s for our own brand or for OEM. Up to 60-80 new items are 2009 China Marketnery & Sporting Suppliers Goods (Tianjin) Co., Ltd added monthly, and simple designs can be Company Profile: We are a manufac- ready in 7-10 days. Call us today and re- Company Name: Anhui Arts & Crafts turer & exporter specialized in producing ceive a reply within 24 hours. imports & Export Co., Ltd paper pads, chalk, crayons, children’s mod- Contact Person: Ms. Joline Chen Company Profile: Business scope: eling clay, also children’s persuasion instru- Tel: 86-595-82889991 Glassware, Ceramics, Aertex, Textiles and ments. Our factory located in North China Fax: 86-595-82889990 Garments, Gifts, Special arts and crafts, Sea port city Tianjin, which is the center Post Code: 362200 Daily-use items, toy, Footwear and Head- of BOHAI-RIM REGION. Our location is Email: [email protected] wear, Furniture, Electrical appliances, IT near seaport and air port, transportation is Website: www.aj-china.com product, Stasports good, General Merchan- very convenient. We guarantee consistent dise, Plastics, Hair Ornament, flooring. quality, punctual delivery, good service and Company Name: Qingdao Changlong Contact Person: Zhang Hong competitive prices to ensure customer’s val- Stationery Co., Ltd Tel: 86-0551-2826133 ue. All of our products are non-toxic. They Company Profile: Qingdao Changlong Fax: 86-0551-2823345 are all EN-71 and ASTM D-4236 certified. Stationery Co., Ltd. (Snowhite), a profes- Post Code: 230061 Contact Person: Michael sional stationery manufacturer specializing Email: [email protected] Tel: 86-22-27834382 in investigation, production and market- Fax: 86-22-27834379 ing, was founded in May of 1988. After 18 Company Name: Senta Plastic Prod- Post Code: 300070 years’ development, the total investment ucts Co., Ltd Email: [email protected] amounts to US$8.62 million. The factory Company Profile: Established in 1993 Website: www.tjchalk.com occupies over 60000 square meters, and and located in the Anping Development more than 1800 people are working in the Zone. The Senta Plastic Products Co., Ltd Company Name: Qingdao Kaisa Note- company. The brand of Snowhite is the only is a professional plastic production manu- book Manufacturing Co., Ltd stationery brand that was certificated as the facturer, which handles in student statio- Company Profile: Founded in 1995, Chinese Well-known Trademark, China nery develop and produce. There are than Qingdao Kaisa Notebook Manufacturing Top Brand and China Product Exemption 100 workers with 10% of the technicians. Corporation Ltd. is located in the beautiful from Quality Surveillance Inspection in With advanced equipment, unique beach city Qingdao, China. We are special- Chinese stationery industry line. Snowhite products, technique, and qualified staffs, ized in the manufacture of stationery paper has been appraised as most meritorious and we have created our own brands “CHIRK” products such as student exercise books, effective manufacture by China Writing and “SENTA” for stationery and gifts. notebooks, spiral and wire bound books, instruments Association many times. At present, we have about 100 kinds loose leaves, notepads, carbonless note The main products include gel pen, of stationery (rulers, pencil case, pencil books and computer paper etc. Our brand ball pen, free ink system/reservoir sign vase, blackboard, whiteboard, stationery products “Kaisa Paper” and “Xueqing Pa- pen, free ink system/reservoir highlighter set), office supplies, gift and toys. Most per” enjoy very good market in China, and pen, correction fluid, correction tape, white of them are exported to Europe, North we have established friendly business rela- board pen, marker pen, fountain pen, oil America, the Middle East, Southeast Asia tionship with a lot of customers abroad. pastel, erasable pen and various refills. Till and other regions. We are specialized in the manufacture now, Snowhite is one of the biggest correc- We are quickly becoming an impor- of stationery paper products such as student tion pen manufacturers in Asia, with annual tant supplier both domestically and abroad. exercise books, notebooks, spiral and wire production ability more than 50 million Upholding our principle of “quality first, bound books, loose leaves, notepads, car- pieces; and is one of the biggest pen manu- customer supreme and high prestige”, we bonless note books and computer paper etc. facturers in China, with annual production hope to develop a long term cooperation Contact Person: Mary ability more than 0.3 billion pieces. relationships worldwide. For more in for- Tel: 86-0532-88785264 After Snowhite became the first com- mation, please visit our website or contact Fax: 86-0532-88786039 pany in the industry line who successfully us directly with your questions or inquiries. Post Code: 266101 actualize Quality/Circumstance/Occupation Along with all of the staffs, the direc- Email: [email protected] Safety Health three system management tor extends its earnest invitation to friends Website: http://www.kaisa.com.cn and input standardization manage mode, the at home and abroad to join us and attain company give its best on Performance Ex- mutual development together. Company Name: A&J Import & Ex- cellence evaluation mold. In 2005, Snowhite Contact Person: Mr.Jeff Cai port Co., Ltd was appraised as Shandong Performance Ex- Tel: 86-595-85786852 Company Profile: What does it mean cellence Advanced Enterprise. In 2006, Sno- Fax: 86-595-85791852 to you supplying from a manufacturer with white got Shandong Quality Management Post Code: 362261 many years experiences? That means we Award. In 2007, Snowhite got two China top Email: [email protected] have strong production capability for your brands for ball pen and markers. Website: http://www.china-senta.com order requirements, make your order deliv- In 2006, Snowhite’s new Industry ery smoother, and offer better customiza- Area began to be used. A grand China Company Name: New World Statio- tion. We are your one-stop source for all Writing Instruments Science and Tehnol- 68 ogy Garden Standing erect by Qingdao Company Profile: Shandong Haichuan tional trade enterprises” for 13 successive west coast in Yellow sea bank. This is a Hair Co. Ltd. is specialized in the produc- years. And since 1994, our company’s total landmark in company’s socialization man- tion and export of hair products. We also business volume has been ranked number agement development history. Snowhite deal in candle and stationery. We have one in Anhui Province each year. The will use this field, expand and filter to every our own factories which can supply large company’s total import and export volume corner all over the world, keep go-ahead to quantity and excellent quality. During the reached 607 million US dollars in the year become “the most valuable writing instru- last 50 years, our products enjoyed a good of 2006, with 401 million US dollars of ex- ments in the world”. reputation in Europe, America, and Middle port volume. Contact Person: Li Yali East, Japan, Africa and other countries and Contact Person: Feng Cheng Tel: 86-0532-83717181 areas. Tel: 86-551-5101188 Fax: 86-0532-83717181 Contact Person: Cheng Wei Fax: 86-551-5101199 Post Code: 266031 Tel: 86-0532-85022252 Post Code: 230031 Email: [email protected] Fax: 86-0532-85022079 Email: [email protected] Website: www.showhite.com.cn Post Code: 266071 Website: www.ahtech.com.cn Email: [email protected] Company Name: Yantai Licence Print- Website: www.haichuanhair.com Company Name: Rocs International ing & Making Co., Ltd Trade Co., Ltd Company Profile: Yantai Licence Company Name: Guangdong Heng Company Profile: We, Rocs Ltd, as Printing & Making Co., Ltd is subsidiary Guang Electrical Equipments Co., Ltd a leading supplier of gift and houseware, company of Shandong Huazheng Group Company Profile: Guangdong Heng packaging (Tin box), wooden crafts, kitch- Co., Ltd, the company was established in Guang Electrical Equipments Limited enware, bags, camping items etc, is actively 1983, covered an area of 100,000 square Company. (Former Zhanjiang Heng Guang engaged in various aspects and enjoy good meters, with a construction area of 60,000 Electrical Appliances manufactory), estab- reputation in quality and pricing, hoping square meters, owns more than 800 work- lished in 1986, situates in Pingle Industrial that we can cooperate with each other. In ers. It is located in the domestic largest pa- region, Zhanjiang economic and techno- order to let you have an entire image about permaking base; close to the first class open logical development zone in Guangdong what we are supplying, would you please port- Qingdao Harbour, from the east to the China, which ensures its aero amphibious take your time by visiting our website as entry of WEIWU Expressway 1 kilometer, transportation convenience. Heng Guang below. border on 6 kilometers of national road 206 possess more than 600 staff in all, includ- Contact Person: James Gu in the west, easily accessible. ing over 80 professionals, complete manu- Tel: 86-574-87383781 The company enjoys high reputation factory facilities, whole set of an automatic Fax: 86-574-87383751 with advanced printing, binding and other production line and a comprehensive de- Post Code: 315020 production equipment, super technology tecting line. Email: [email protected] and good service. As a company which wholly manu- Website: www.rocs.net.cn Contact Person: Liu Fuda factures electric appliances in the area of the Tel: 86-0535-2381903 Guangdong west, it bases on advanced tech- Company Name: Shantou Yingye Fax: 86-0535-2381008 nology, abundant resource, the ability of prod- Craft Co., Ltd Post Code: 261436 uct design and development and specializes in Company Profile: Shantou Yingye Email: [email protected] manufacturing rice cooker, pressure cooker, Craft Co., Ltd is a modernization foreign Website: http://www.sdhuazheng.com slow cookers, electric chafing dish etc. trade enterprise that including designing, Contact Person: Li Zhao manufacturing and selling. Our enterprises Company Name: Histar Pencil Co., Ltd Tel: 86-759-3396418 possess their own import-export right. Our Company Profile: Located in Qingdao, Fax: 86-759-3395428 company has more than 300 skillful work- a beautiful coastal city in East China, we Post Code: 524022 ers. Our main products are including cos- are a professional manufacturer and ex- Email: [email protected] metic bags, brief cases, fashion bags, leisure porter of all kinds of quality wooden pen- Website: http://gd-hengguang.preview. bags, shopping bags, men bags and packing cils. We provide pencils in both regular size alibaba.com bags, etc. Most of our products are sell- and jumbo size. All our products conform ing well in USA, European, Australia and to ASTM D4236 AND EN-71 standards. Company Name: Anhui Technology Southeast of Asia etc. Since our company Since our establishment, we have been Import and Export Commany Limited was set up from 1991, we have been based sticking to the principle of “Once we do, do Company Profile: Anhui Technology on managing as a principle, developing the best”. We will provide you with not only IMPORT And EXPORT Company Lim- new products as a concept, selling centre quality products, but also excellent services. ited (AHTECH) is a large comprehensive as a service, credit as firstly. We have been Contact Person: Wang Jiduo enterprise in China mainly dealing with keeping a good cooperation with customer Tel: 86-0532-87807616 international trade, plus real-estate develop- and material supplier at home and abroad. Fax: 86-0532-87906859 ment, international tendering, transporta- One of our tasks is to develop ourselves and Post Code: 266111 tion, manpower output, tourism and domes- to promote cooperation with customers. Email: [email protected] tic trade. AHTECH is the first international Contact Person: Qiu Hezheng Website: www.histarpencil.com trading company in China that has got its Tel: 86-754-7365000/7380011 ISO 9002 Certificate. Fax: 86-754-7382522/7370011 Company Name: Shandong Haichuan Since 1992, AHTECH has been listed Post Code: 515071 Hair Co. Ltd among China’s “National TOP 500 Interna- Email: [email protected] 69 Member List of Council of China’s Foreign Trade

Honorary Chairmen: Guo Dong Chairman of Guostar Group Ltd., Uganda Han Qiangchou Managing Director of Muhibbah Engineering Cambodia Wan Jifei Chairman of China’s Council for the Promotion of Inter- Co., Ltd. national Trade He Chaoqiong Managing Director of Shun Tak Holdings Limited He Guangwei Former Director General of China National Tourism Ad- He Jinsheng President of e-Phone Group (USA) ministration He Manguang CEO of Asian Products (HK) Co., Ltd. Li Kenong Vice Minister of General Administration of China Customs Hong Guiren Wijayakusuma Group Coal Mining and Power Station Indonasia-China Cooperative Investment Consultants: Hu Jieguo Chairman of Nigeria Golden Gate Group of Companies Hu Zhiqiang Chairman of Foster, Andrew & Co., Inc. Shi Guangsheng Vice Director of Financial and Economic Committee of Hu Anhua Chairman of Neonlite Electronic & Lighting (HK) Ltd. NPC’s Standing Committee Huo Zhenyu Director of Fok Ying Tung Group Hong Kong Former Minister of the Administration of Foreign Eco- Huang Jinyi Chairman of the board of Pacific Plywood Holdings Ltd. nomic and Trade Cooperation Huang Guozhong President of Wee Boon Ding Group, Malaysia Gan Ziyu Vice Director of Financial and Economic Committee of Huang Junjie Chairman of Ericorps Group NPC’s Standing Committee Huang Zhiyuan Chairman of Sinar Mas Group-APP China Former Vice Director of National Development and Re- Huang Tianwen President of Sinosteel Corporation form Commission Huang Yihong Chairman of Qin Jia Yuan Media Services Company Lit- Yu Xiaosong Consultant of China’s Council for the Promotion of Inter- mited. national Trade Jacky Chen Chairman of Thailand Council for the Promotion of Econ- Former Chairman of China’s Council for the Promotion of omy and Trade of Small and Medium-Sized Enterprises International Trade Jiang Lili President of Eco-Tek Holdings Limited Jiang Qingde President of Sumber Mas Group, Indonesia Chairman of the Council: Jiang Qifeng Chairman of SBC Bank, Singapore Jiang Zuyun Chairman of Sonic Group Co., Ltd Hong Kong Zhang Wei Vice Chairman of China’s Council for the Promotion of Jorge Mora Asia-Pacific President of Veolia water International Trade Kong Lingfa President and General Manager of Tianxiang Group (An- hui) Co., Ltd Vice Chairmen: (Names in Alphabetical Order) Liu Jingzhen President of China National Automotive Industry Interna- tional Corp. Angela A. Chao Vice President of Foremost Group Liu Yunlian President of IPC Shopping Service (M) Sdn Bhd Cai Xiyou General Manager of China International United Petroleum Lu Dehua General Manager of Prime International Conference Ex- & Chemicals Co., Ltd. hibition Cai Tianzhen Chairman of Titan (Holdings) Ltd. Li Hexun President of Tetra Pak China Ltd Cao Heping Chairman of SKALA Investment Co., Ltd. Li Houlin Executive President of Hong Kong Hiersun International Cao Weide President of IMC Shipping (China) Co., Ltd Diamond Organization Cheng Yong Chairman of Glee Int’l Holdings Inc., Former Director of Li Jinyou Managing Director of County Height Holdings, Malaysia Int’l Association of Lion Club Li Jiafu President of Majestic Group Int’l Ltd Chen Chengxiu Chairman of Daching Holdings, Ltd Li Songzhi Chairman of Myanmar International Business Promotion Chen Renai Chairman of Jinghua Trade Company, Societa Montag- Centre. nora dei Servi Ass, Li Xinzhu Chairman of Trade Manufacturing Ltd. China-Italia per le aree Marittime Liang Gongbi Chairman of Orient Int’l Group, Ecuador Chen Xianchi General Manager of Beijing Hua Mao Industry and Trade Liang Jiaqiang President of Transpac Capital PTE Ltd., Singapore Co., Ltd Lin Xinping Chairman of Nines (USA) Corp. Chen Hanzhong Chariman of Chenshi Trade Group Ltd, Spain Lin Guoguang Chairman of Greatwall Group S.R.O, Czech Chen Xiaoping General Manager of Haining Hongyang Group Lin Dexiang Chairman of GITI Tire (China) Investment Co., Ltd. Chen Wenyue CEO of ASIAEP BERHAD Lin Jindan Chairman of LINNS INVESTMENT CPTY, LTD, Na- Dato’ Sri Joseph Chong Managing Director of Westmont Power Ltd. mibia Dato’ Lim Hock San Managing Director of LBS BINA Group Berhad, Malay- Lin Xuming Chairman of Hong Kong Minhoong Group Ltd. sia Lin Lisheng Chairman of Thaihua Rubber Public Company Ltd. Deng Tengda CEO of International Trade Co., Ltd, Singapore Lin Jianzhong Chairman of eBiz Anywhere Technologies Ltd. Ding Jiayan Chairman of Guohuo Group Co., Ltd. Lim Chee Oun Executive Chairman of Keppei Corporation Ltd., Singa- Dong Rui’e Chairman of Western Meral Products Co.,Ltd pore Eddie Chng Chairman of Ternary Technologies PTE. Ltd Liu Zhengchang Chairman and General Manager of Columbia Group, In- Feng Shaoyu Chairman and Executive President of Hongkong Aon Asia donesia Group Liu Jianmin Chairman of Empire Capital Group, Hong Kong Feng Minghui Chairman of Jincheng Investment Co., Ltd. Liu Shaorong Chairman and Executive President of Baltrans Holdings Gao Kecheng Chairman of Jibao Enterprise Development (Singapore) Ltd. Co., Ltd. Lv Tongshun Managing Director of Thai Village Overseas PTE, Ltd. Geng Jian Chairman of F&J Int’l Group / Shanghai F&J Investment Mimy Mock de Fung Chairman of General Committee of Sino-Venezuela and Management Co., Ltd Trade, Industry, Agriculture and Tourism Gong Liming Chairman of Li-Ming Gong Enterprise Ltd. Ouyang Riping Chairman of the board of DaTong Group (West Africa) Gu Deming Director of Japan-Sino Chamber of Commerce Qi Xianjin Executive Consultant of Puente China Espana. S.L. Qiu Dachang Vice Chariman & Executive President of Far East Devel- Zheng Weicai Executive Director of Malaiya Flour Mills Berhad opment Co., Ltd Zhou Jinhui Chairman of Legendale Constructive Co., Ltd, Macau Shen Qinhua Chairman of Head Force Development Ltd, Hong Kong Zhu Shanyi Chariman of Jiangsu Mingda Mining Investment Co. Ltd Shi Huamin Chairman of Beauty Bond Holdings Ltd. Zhuang Yaozhi Honorary Chairman of Global Petrolum Industry Devel- Chairman of China General Chamber of Commerce in opment Co. Ltd Brazil Shi Zhenyuan Chairman of Kingsland Enterprises, Inc. / Agusan Planta- Executive Directors: tions, Inc. Shu Xin Chairman of Canadian China Chamber of Commerce Chen Mingzong Chairman of Intan Group Indonesia Shu Rongbin President of Shanghai Waigaoqiao (Group) Co., Ltd. Cen Shunguo General Manager of Inversions Nueva China Sun Ziyu Managing Director of China Harbor Engineering Com- Li Zhimin Chairman, Xinjiang Tianhai Lvzhou Group Co., Ltd pany Ltd. She Wenmin President of Singapore Technologies Electronics Ltd. Tang Chai Yoong Chairman of Kumplan Langkawi Resorts, Malaysia Yang Chisheng Chairman of China Audit Certified Public Accountants Wu Changwen Chairman of The East investment Group Co., Ltd, Italy Ltd. Wu Duanjing Vice Chairman of New Lakeside Holdings Limited Yao Yuntao Director of Administration Committee of Gu’an Develop- Wu Huiquan Chairman of Fusion Int’l Holdings Ltd ment Area Wang Shousong Chairman of Wang’s Corporate Group, Holland Yu Mingquan President of Juhai Group (Russia) Wang Zhenling Chairman of Hanxing (China) Group Ltd Zheng Jingxin Chairman of Tee The Sdn Bhd Malaysia Wang Huankai Chairman of Depar H, Hungary Zhang Dongxiao Chairman of REDAS, Singapore Wang Huizhen Managing Director of Wang Xinxing Co., Ltd. Wang Jiahou Chairman of the Dynasty, Italy Directors: Wang Jiayi Chairman of Yi Ni Int’l, New Zealand Wang Jiaming Chairman of Canada Ebridge International Ltd. Cai Zhipeng Chairman of Shantou Diming Trading Co., Ltd. Wang Qiandong President of Suntec City Development PTE, Ltd. Cha Meilong Managing Director of CHA Textiles Wang Qinghai General Manager of Shougang GroupCouncil of China’s Chen Caiji Chairman of PT. Gunung Garuda Brazil Foreign Wang Shufang Chen Dan Managing Director of Leawell International Ltd Chairman of Chinese Committee of Golden Coast, Aus- Chen Ming Chairman of FORWARD Group Logistics Companies tralia Chen Guangdi Mang Gai International Golf Committee of Vietnam Wang Renqing Chairman of Aims Financial Group, Australia Chen Liqun General Manager of Asia Satellite Telecommunications Wang Yong Chairman & General Manager of Yongyuan Group, Co. Ltd. Burma Chen Gongwei Executive Director of Weili International Investment Wang Zhanhua Managing Director of Global One Headwear Co., Ltd. Holdings Co., Ltd Hong Wu Shuqing Dato’ Yan Mengjie Executive Chairman of VIBRANTWAVES S.D.H.BHD, Chairman of Hong Kong Executive Committee of World Malaysia Trade Centre Hu Zhimin Chairman of Woo Investments Group Vice Chairman of Beijing Air Catering Ltd. Huang Biyun Chairman of Huada Industry and Trade Development Co., Wu Xiaobin Chairman of LOXCO., Ltd Ltd Wu Yingmei Executive Director of Kowloon Motor Bus Co., Ltd. Kang Yonghua Chief of the Delegates of Frederick W. Hong Law Office Managing Director of Roadshow Co., Ltd Li Guoqiang Chairman of Nuovo Collection Xiao Dexiong Chairman of Tw Fok Holding Co., Ltd Lin Jiashui Executive Chairman of Unimech Group Xie Futian Chairman of Green World Holdings Ltd. Ma Zhongli General Manager of Taching Petroleum Co., Ltd Xu Zili Chairman of the Board of Directors of Supermercado Sun Ma Jianbo Chairman of Zhenghua International Trade Co., Ltd, Miu Ltd. Thailand Xu Wenbo Executive Director of Macau Huan Yu Group Holdings Guo Kongfeng Chairman of Hilmar Trading PVT Ltd. Co., Ltd Jiang Xing Director of Lippo China Resources Ltd. Xu Li Chairman of the board of Nankai Transport International Qian Yuezhen General Manager of Nordic China Center (Finland) (HK) Co. Ltd. Song Yuhong General Manager of Sumplus Enterprises (PVT) Ltd Xu Jianguang President of Qianyu Crystal Art Developing Co. Ltd Sun Jianxi General Manager of Xi’an Dagang Road Machinery Co., Xu Zhiming Chairman of Yuemei Group Ltd Xue Baojin President of Beijing Smart Garments Co., Ltd. Shao Chuanwei Chief Director of Information and Technology Division, Yao Junwen Chairman of Russia Yujia Group Phillips Electronics (Hong Kong) Co., Ltd Yang Jinhua Chairman of King Far B.V., Holand Tang Lei Head of Public Affair & Government Relationship, Yang Luming Managing Director of Danchen Group of Companies Shanghai eBay China Yi Chunyu Vice President of TCL Overseas Marketing Ltd. Teng Yunpeng Beijing Walson International Property Rights Agent Co., Yin Xiaomin Chairman of Yinshi Group, Brazil Ltd. You Kaicheng Chairman & General Manager of Binhtien Imex Co., Wang Anlun CEO of Ascott Group PTE. Ltd. Wang Junqin Chairman of J.K. Wong Inc. Yun Weisheng Chairman of Board of Directors of Foodstar Holdings Wang Shuyin Managing Director of Shaanxi Xianyang Grain Machin- PTE, Ltd. ery Factory Zhao Hui Manager of Wuhu Cigarette Factory, Anhui Province Xuan Guangri General Manager of Yiwu Yana Imports and Exports Co., Zhang Weizhi Chairman of Hacau-Taiwan_Portugal Chauber Of Com- Ltd merce Yang Xiangdi Chairman of Wuxi Baile Leather Products Group Cor- Zhang Liqun Great Will Inv. Co., Ltd peration Zhang Xiaoqun Chairman of Dubai China Trade City, Saudi Arabia Zhao Zhiming Chairman of Chow Kim Lin Group SDN. BHD. Zhang Jianwei President of Sino-trans Limited Zhu Chunzi General Manager of Seaport Industrial Park Development Zhang Qingxin President of Chongqing Wijaya Reality Ltd. Company, Zhanjiang Port Group

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《中国对外贸易》（英文）杂志是一本创刊于1956年的国际经贸类品牌期刊，集专业性、商业性、高 Contributions效性于一体，主要面向外经贸领域的政府官员、专家、学者、各国驻华使（领）馆和相关机构人士、国内 to 外企业管理层、经营界人士等，读者遍及全球。 为密切与各界人士的交流，本刊现真诚欢迎国内外业界专家、学者为本刊撰稿。来稿必复，优稿优 酬。优秀者将有机会受聘为本刊特约撰稿人（可单独开辟专栏）。凡投稿者都将获赠最新杂志两本。 稿件要求：Contributions to ☆ 稿件内容请参看本刊栏目设置及内容，主要涉及国内外经济、贸易、投资、金融等相关领域； ☆ 文章长度以2000字英文左右为宜，可配图片或图表（分辨率应不低于300dpi）； ☆ 请在文中注明作者姓名、联系电话、E-mail、详细地址及邮编。 ☆ 投稿信箱：[email protected]（请在邮件“主题”一栏中写明文章标题） ☆ 投稿地址：中国北京市复兴门外大街1号贸促会西楼308室（100860） 本刊编辑部

China’s Foreign Trade is a semi-monthly magazine in English on economics and foreign trade. It com- bines recent business news with the opinions of various industry experts. Since its debut in 1956, China’s Foreign Trade has been an important bridge for the promotion of international cooperation, economic ex- change and foreign trade between China and the world. Building the Magazine has always been a cooperative effort and we need your input. If you have a great idea or other information related to economics or international trade that you are free to share and feel would be of interest to others, please forward it with your detailed contact information to our mailbox (E-mail: [email protected] / Mail: Rm. 308 West Building of CCPIT, 1 Fuxingmenwai St, Beijing 100860, Chi- na). Your contribution can be as simple as a tip for solving a difficult implementation issue or as complex as an essay clarifying the aspects of a new policy, but please write around 2,000 English words for one article. See the list of our columns and recently published articles for ideas about what we are looking for. On the other hand, if there is something that you would like to see in our magazine, please let us know. Every contributor will receive two of our latest issues. The better the contribution, the higher the re- wards. An excellent contributor will have the chance to start their own column and become a regular feature in our magazine. Let’s share and build a better magazine together! Your contributions to China’s Foreign Trade are more than welcome! [email protected]