Safety and Compliance

Chinese Winners, a Cultural Trait.

03

Sep 2012


Global Sourcing, Safety and Compliance
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Chinese Winners, a Cultural Trait.

Today, I’d like to come back a little on the last Olympics which ended 3 weeks ago. Here is a British coach who moved in China to train Chinese athletes and to understand and experience the “Win culture” of the Middle Empire.   Chinese athletes train incredibly hard, harder than we could explain in words and as a coach who has placed swimmers on five different Olympic Games teams, he tells he has never seen athletes train like this anywhere in the world. They have an unrelentin...

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President Election & Sino-US Relation

05

Jun 2012


Opportunities, Safety and Compliance
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President Election & Sino-US Relation

For decades, the United States' foreign policy regarding China has been a major debate topic in its presidential elections. As an election-year tradition, from Richard Nixon and John Kennedy in the 1970s, to Bill Clinton and George Bush in the 1990s, to Barack Obama and Mitt Romney (current frontrunner in Republican primaries) today, China occupied a featured spot in critical foreign policy discussions. American voters are wondering if Romney has a clear stance on his trade policy with China. If...

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More Intra-business to Forsee in BRICS

06

Apr 2012


Global Sourcing, Safety and Compliance
1 comment

More Intra-business to Forsee in BRICS

In the dark shadow of global economic downturn, the trade and economic ministers of BRICS nations including India today collectively call for need to resist protectionist tendencies and to promote international trade as an engine of economic growth and development.   “Adversity of financial crisis is being faced by all. There is a need to work together to overcome from this problem,” Commerce and Industry Minister, Anand Sharma said while interacting with media after the meeting o...

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How WFOE Starts Business in China

15

Feb 2012


Global Sourcing, Safety and Compliance
2 comments

How WFOE Starts Business in China

The Wholly Foreign Owned Enterprise (WFOE or WOFE) is a Limited liability company wholly owned by the foreign investor(s). In China, WFOEs were originally conceived for encouraged manufacturing activities that were either export orientated or introduced advanced technology. However, after China's entered the WTO, these conditions were gradually abolished and the WFOE is increasingly being used for service providers such as a variety of consulting and management services, software development and...

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Tariff Implementation 2012 in China

11

Jan 2012


Logistics, Safety and Compliance
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Tariff Implementation 2012 in China

China’s Ministry of Finance recently published the “Tariff Implementation Plan 2012 (shuiweihui [2011] No.27),” where it clarified both import and export tariffs on specific products for next year.   Over 700 types of products will be able to enjoy temporary tariff rates, most of which are lower than the most-favored-nation (MFN) tariff rates.   According to the new Plan,   -  The MFN import tariff rates will remain unchanged   -  52 types of ...

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Labor Strike Tactics in China

01

Dec 2011


Quality Management, Safety and Compliance
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Labor Strike Tactics in China

Increasing labor costs have become a major concern for foreign companies mulling whether or not to invest in China, but this may not be the only labor-related issue they should be watching out for. As the recent global economic downturn brings about falling factory orders, an abundance of young, well-educated and computer-savvy Chinese workers are leading one of the country’s strongest waves of labor unrest and labor disputes, which could cause real damage to companies’ regular day-to-day op...

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China Being EU’s Top Trade Partner

01

Nov 2011


Global Sourcing, Logistics, Safety and Compliance
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China Being EU’s Top Trade Partner

Trade between China and the European Union (EU) totaled 35.6 billion euros ($49.4 billion) in July, allowing China to overtake the United States as the EU's largest trade partner, the Ministry of Commerce said, citing the latest statistics from Eurostat.   The overall value of China-EU trade in July exceeded that of the EU and the United States by 800 million euros, accounting for 13.4 percent of the region's total imports and exports, according to data released by the EU's statistics...

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Manufacture set for slower contraction

26

Aug 2011


Global Sourcing, Safety and Compliance
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Manufacture set for slower contraction

China's manufacturing may contract at a slower pace in August as the world's second-biggest economy weathers slumping global confidence.   A preliminary reading of 49.8 for a manufacturing index released by HSBC Holdings PLC and Markit Economics on Tuesday compares with a final reading of 49.3 for July. The final August number is due on Sept 1. A reading below 50 indicates a contraction.   The data suggests that growth in China is moderating rather than collapsing and the s...

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China, 3rd Highest Labor Costs in Asia

01

Aug 2011


Logistics, Quality Control, Quality Management, Safety and Compliance
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China, 3rd Highest Labor Costs in Asia

An average worker in China costs more than the average worker in any other emerging Asian economy, save Malaysia and Thailand, when considered in terms of combined salary and welfare payments, China Briefing has found.   Conducting a review of minimum labor costs, determined by the legal minimum amount stipulated in 15 different countries, and added together with the pertinent mandatory welfare payments due, it is apparent that since the introduction of the revised labor law in 2008, ...

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China Is Going Green!

23

Jun 2011


Quality Control, Safety and Compliance
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China Is Going Green!

China will adhere to the road of green industrialization characterized by higher science, better economic efficiency, low consumption of resources, less pollution and full use of labor advantages, said China's Minister of Industry and Information Technology Miao Xu Tuesday here.   Addressing the Ministerial Meeting on Energy and Green Industry, the minister stressed that to reach the goal of green industrial development, China will mainly accelerate the industrialization process by ad...

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