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As China seeks to create the market conditions to grow the middle class and increase spending power, this report by ECCGCC highlights 10 areas in which their expert panel expect to see significant developments and market trends. Please click here to open the PDF report.
The Hurun Research Institute today released the Hurun Best of the Best Awards and Hurun Report Chinese Luxury Consumer Survey 2014. This is the tenth consecutive year that Hurun Report has published the survey, which reveals the brand preferences, consumption habits and lifestyle trends of China’s wealthiest individuals.
Please click here to view the report
Military and Security development related the the PRC 2013, report to US Congress. Please click below to download the PDF report
The fourth Report in this series by the China Greentech Initiative, the 2013 Report examines China’s current pollution challenges and assesses the progress made in meeting energy and environmental targets set within the 12th Five-Year Plan. The Report concludes that quantitative targets alone are insufficient for China to move towards a more sustainable model of development, and suggests a new eight-point approach focused on measurable outcomes. Also featured in the 2013 Report are five “Visions and Roadmaps” developed by CGTI partner companies and government advisors across key greentech ecosystems: Built Environment, Electric Vehicles, Low Carbon Eco-Cities, Next-Generation Energy Value Chains, and Sustainability.
To download your free digital English copy of The China Greentech Report 2013: China at a Crossroads, please visit http://report.china-greentech.com.
Customs in China - The Facts
China Customs (the GACC) is a government agency that supervises and manages all arrivals in and departures from the customs territory of the People's Republic of China. It exercises a centralized management structure. It’s essential tasks are customs control, revenue collection, fighting smuggling and foreign trade statistics compilation. It shoulders such major responsibilities as duty collection, customs control, supervision and management of bonded operations, foreign trade statistics compilation, audit-based control, customs intellectual property rights protection, fighting smuggling, and port management.
Customs Valuation of goods entering into the European Union
Imports into any of the 28 countries of the European Union (EU) may attract a number of import taxes such as VAT, duty or anti-dumping duty. When due, it is important that the correct amount of these taxes is paid as the customs authorities in all EU countries have the power to impose various financial penalties against you, or even seize your goods. The question therefore is - how should importers calculate the value of the goods to ensure they do not fall foul of these penalties but also ensure they do not pay too much tax?
Dramatically and Legally Reducing Landed Costs for Your Exports in Multi-Tiered U.S./EU Import Transactions: The First Sale Rule
The “First Sale” rule is a collaborative and proper legal process available to U.S. and EU importers and global exporters to substantially reduce duties and taxes. This rule has been the law of the land in the U.S. since Sandler, Travis & Rosenberg, PA (“ST&R”), won the seminal case establishing first sale as a viable option for valuation of merchandise in 1988. ST&R has also successfully applied it to save significant duties for US and EU imports from over 512 global vendors.
Simply stated, the First Sale rule can be applied when there are two or more sales that give rise to an importation of merchandise. As long as all the rules substantiating first sale are met and documentation is established, the basis for dutiable value can be the first sale between the factory and the middleman/vendor, rather than the middleman/vendor and the importer.
To read the full articke form Klako Group please click here.
The 2013 corruption perceptions index measures the perceived levels of public sector corruption in 177 countries and territories
China Central Television has come a long ways since its founding as a domestic party propaganda outlet in 1958. The domestic service has been supplemented by an international service, boasting three major global offices in Beijing, Washington, and Nairobi, and more than seventy additional international bureaus.
This report looks at the massive investments in international news operations and whether they will translate into gains in political, economic, and diplomatic influence. Please click here to view the PDF report
China has by far the most active Social Media sites in the world. Approximately 90% of the population with internet access are registered on one or more site. Understanding this trend is essential for foreign companies contemplatiing market entry and one fundamental aspect of social-media usage in China: it has a greater influence on purchasing decisions for consumers in China than for those anywhere else in the world. Chinese consumers say they are more likely to consider buying a product if they see it discussed positively on a social-media site, and more likely to actually purchase a product or service if a friend or acquaintance recommends it on a social-media site.
The following Inforgraphic was compiled by http://www.ciccorporate.com
The Chinese auto market has already undergone a staggering transformation; just a few decades ago Chinese domestic automobile manufacturers held an almost negligible market share, but now China is the largest automobile producer in the world. This success has been achieved by focusing on selling low-end cars to first time buyers, a strategy which worked in the past as more and more of the Chinese population graduated to the middle class. However, after explosive expansion, growth started to slow in 2011 and this trend continued throughout 2012.
The infographic below illustrates the state of the automobile industry in China in 2012. Click on the company logo to view its joint ventures, manufacturing locations, sales and export figures.
Historically, China has hoped to partially de-fang foreign competition by establishing joint ventures. These were especially significant in the 1990s as they allowed Chinese companies to garner technology and trade secrets from European and American automobile companies. Although co-opting foreign car manufacturers has been successful, it means that exclusively domestically manufactured cars are now struggling to establish themselves in an increasingly crowded market. Sales in Chinese-brand passenger vehicles may have increased by 6.5% in 2012, but domestic automakers still only own 41.39% of the market.
As Chinese consumers get richer, their thoughts turn to concerns such as safety, reliability and customer aftercare, qualities which many Chinese-made automobiles have traditionally lacked. Neither is the domestic forecast particularly heartening; the compound average rate of growth in the automobile market between 2005 and 2011 was 24%,but year-on-year auto sales in 2012 only grew by 4.3%, which is significantly less than the forecasted 8%.
The shrinking and possible oversaturation of the market combined with foreign competition has forced Chinese auto manufacturers this year to look overseas in an attempt to revive flagging sales. Exports have been increasing by 46.3% year-on-year since 2001, with auto companies applying their domestic strategy abroad by selling cheap cars to first time buyers in developing countries. Algeria was the top export market in 2012, with Iraq, Iran, Russia and Chile following closely behind. Despite the short-term success of this business strategy, it is highly likely that consumers in these emerging markets will eventually follow their Chinese counterparts in requiring safer and better quality cars.
In response to this, Chinese automobile manufacturers have been making conspicuous efforts to bring export cars up to international standards in an attempt to increase trust and remove the stigma traditionally attached to the ‘made-in-China’ label. Some companies, such as Great Wall Auto, have even focused on exporting mid to high-range cars in an effort to build their reputation.
Several high-profile cases may have thwarted this strategy; in August, 2012, asbestos found in Chery and Great Wall brand automobiles exported to Australia resulted in blanket recalls. Furthermore, a recent China-Brain survey found that the majority of respondents would not buy a Chery, Geely, BYD or Great-Wall manufactured car. As China’s automobile companies face the future following the mixed success of 2012, they should look towards increasing brand trust and quality, rather than continuing to manufacture cheap, mediocre vehicles.
China`s appetite for renewables will not dissapear anytime soon, it likely fulfilled, and maybe well exceeded, its goals for 10 GW of solar PV installations in 2013. This report is a sector overview of current developments, for the report please click here.
