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VECCI’s Top Ten Tips When Sourcing From China
The opportunities to make your business more competitive through importing components from overseas or manufacturing overseas are too great to be ignored. Generally speaking, better prices for manufacturing components or whole products can be found in China than elsewhere. Sourcing from China isn’t a simple process though. There are significant risks - from missing goods, substandard ...
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Chinese students attend G20 Youth summit
Four Chinese students born after 1990 gathered Tuesday in an international youth forum to discuss pressing global issues and prepare a communique to be handed over to the Group of 20 (G20) leaders.The global financial system reform and sustainable development topped the agenda of the three-day Youth 20 (Y20) Summit, an official event held under Russia's G20 presidency on the eve of the 17th ...
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Chinas central bank signals no policy loosening
People's Bank of China (PBoC) Tuesday drained 2 billion yuan from the money market despite banks' reported call for cash injection, suggesting regulators are keen to keep liquidity tight amid growing jitters of China's financial risks.The 2-billion 91-day bills, though tiny by amount, were viewed as the central bank's commitment to squeezing out excessive funding.Shanghai ...
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US extends anti-dumping duty on Chinese sodium hexametaphosphate
The United States determined Tuesday it would maintain the existing anti-dumping duty on imports of sodium hexametaphosphate from China, despite Beijing's repeated calls for Washington to drop trade protectionism.The US International Trade Commission (ITC) concluded that revoking the current anti-dumping duty order on the products from China would likely lead to the continuation or ...
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Sierra Leonean president to visit China
Sierra Leonean President Ernest Bai Koroma will visit China at the end of June, the Chinese Embassy in Freetown said on Tuesday.Chinese Ambassador to Sierra Leone Kuang Weilin told journalists here that President Koroma was invited by Tsinghua University to attend the World Peace Conference in Beijing, capital city of China.During President Koroma's visit to China, he is expected to hold ...
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Vietnam China have huge potentials for cooperation Vietnamese President
Vietnam and China "have huge potentials for further speeding up cooperation in the future," Vietnamese President Truong Tan Sang, who will start his three-day state visit to China from Wednesday at the invitation of Chinese President Xi Jinping, said in an interview with Xinhua and other Chinese media on Tuesday."Vietnam and China are close neighboring countries. The two peoples ...
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China Ghana work closely to tackle illegal mining
China and Ghana are working closely to properly handle the issue of Chinese nationals engaged in illegal gold mining in the West African country, a senior Chinese official said here on Tuesday.Gong Jianzhong, the Chinese ambassador to Ghana, told a press conference that the issue of Chinese nationals involved in illegal mining activities in Ghana was a disharmony in the course of development of ...
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China endeavors to boost wildlife protection
To better protect the country's biodiversity, China is pooling efforts to further protect endangered species and crack down on illegal animal trafficking."China will intensify and coordinate efforts to strengthen wildlife protection," said Yin Hong, deputy director of the State Forestry Administration (SFA), at a recent briefing.China has rich wildlife resources. More than 6,500 ...
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China streamlines health-related approval procedures
The National Health and Family Planning Commission (NHFPC) has delegated approval authority over certain issues to agencies at local level, a government statement said Tuesday.It is among China's follow-up efforts to turn into realities a cabinet reshuffle plan that was adopted by its legislature in March, according to a central government statement.The NHFPC has delegated approval ...
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Jackie Chan attends Chinese film festival in New Delhi
Actor Jackie Chan reacts to the media at the news conference of the Chinese film festival in New Delhi, India, on June 18, 2013. The 5-day festival opened on Tuesday to boost bilateral movie and culture cooperation between China and India. Photo: ...
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Chinese Billionaire Qiu Guanghes Retailer Semir To Buy Menswear Brand Stock Resumes Trade Today
Zhejiang Semir Garment, the Chinese youth apparel chain controlled by billionaire Qiu Guanghe, plans to acquire a domestic men's fashion chain in order to expand its product line. Semir will pay up to between 1.98 billion yuan, or $325 million, and 2.26 billion yuan for 71% of Ningbo Zhongzhe Mushang, which specializes in mid- to upper-end men's leisurewear, according to a prelimary ...
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International medical center for Shanghai
/enpproperty--> A leading medical center where international tourists can be treated will open in Shanghai, Jiefang Daily reported. The Shanghai International Medical Center, the city's first private general hospital, will open for business in November. Located near where Shanghai Disneyland is being built, the center has 450 beds and more than 100 intensive care units, and will ...
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Hong Kong Investigates HSBC for Manipulating Rates
Hong Kong's de facto central bank said on Tuesday that its investigation into possible benchmark rate manipulation has been extended to include HSBC and a number of other banks.The Hong Kong Monetary Authority (HKMA) announced in December that it was investigating UBS about possible misconduct relating to its submissions for the Hong Kong Interbank Offered Rate ...
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Swiss luxury hotels eye Chinese tourists
Siro Barino, managing director of Swiss Deluxe Hotels, an association consisting of 38 most exclusive luxury hotels in Switzerland, told China Daily, that Chinese tourists have witnessed a significant growth in recent years while their choice has seen a major shift from economy hotels to luxurious ...
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China sets legal weapons against pollution offences
China's top court and procuratorate jointly issued an interpretation on the conviction and sentencing standards of criminal cases involving environmental pollution on Tuesday. Experts said the interpretation will provide "legal weapons" to combat such crimes. "At present, environmental pollution is very serious across the country, which seriously harms the ecological ...
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Chinese mining industry contributes to abuses in Democratic Republic of the Congo
The DRC authorities have not only failed to prevent mining companies and traders abusing rights, they have themselves violated human rights to facilitate mining ...
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Hong Kong shares to open down 0.2 pct Mengniu jumps after Yashili offer
HONG KONG, June 19 | Tue Jun 18, 2013 9:29pm EDT HONG KONG, June 19 (Reuters) - Hong Kong shares are poised to start lower on Wednesday, with high yielding names in the local property and utilities sectors mostly weaker as investors await the outcome of a two-day U.S. Federal Reserve rate-setting meeting later in the day. The Hang Seng Index was set to open down 0.2 percent at 21,118.4 ...
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Chinese State Official Accused of Spending Lavishly on Mistress
A Chinese government official is facing accusations of supporting a mistress with extravagant spending beyond his modest salary, in the latest sex scandal to hit the ruling Communist Party. The scandal erupted Friday, when a 25-year-old female presenter for Chinese state television announced on her blog that she had a four-year affair with the deputy director of China's state archives, ...
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Profit Drops At Hong Kong Billionaire Cheng Yu-tungs Chow Tai Fook Jewelry Chain
Chow Tai Fook, the Hong Kong-based jewelry chain controlled by billionaire Cheng Yu-tung, on Monday net profit fell by 13% in the 12 months to March 31 amid slower economic growth and retail sales gains in mainland China last ...
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GM aims for 10 pct of Chinas luxury car market by 2020
SHANGHAI, June 19 | Tue Jun 18, 2013 8:49pm EDT SHANGHAI, June 19 (Reuters) - General Motors Co aims to have 10 percent of China's luxury market market by 2020, its China chief said on Wednesday. Bob Socia made the comment in a roundtable ahead of a ground breaking ceremony for GM's new Cadillac plant in the outskirts of ...
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From China with love and care
Wu Yu says goodbye to his wife and 3-year-old daughter before hospital ship Peace Ark leaves Zhoushan, Zhejiang province, for an aid tour to some Asian nations and the Gulf of Aden. Zhang Hao / for China ...
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Nordic countries team up in Chinas tech trade
/enpproperty--> Nordic countries have joined an international race to team up with China in exploring science and technology opportunities. "Countries with a tradition of innovation gradually take the lead in social and economic development, which in turn make them internationally competitive," said Huang Xing, China's ambassador to Finland. Information and communication ...
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China Daily Special Beyond Boundaries
Editor's note: China Daily begins a series of human interest stories representing neighboring countries in an effort to shed insight on topics relevant to China. Myanmar, which is in transition, is the first ...
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Scholar urges Hong Kong to address cultural gap
/enpproperty--> A top Hong Kong scholar has called on the special administrative region to bridge cultural and social differences with the mainland, in a bid to boost its waning competitiveness. In a report published on Tuesday, Gui Qiangfang, president of the China Institute of City Competitiveness, said Hong Kong's comprehensive competitiveness, including social, environmental ...
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Cisco denies China monitoring accusations
/enpproperty--> Cisco Systems Inc, the giant network equipment supplier, has denied accusations of conducting illegal monitoring activities in China, as well as participating in the US surveillance program that whistleblower Edward Snowden has revealed. In a statement sent to China Daily on Tuesday, Cisco said, "PRISM is not a Cisco program and Cisco networks did not participate ...
China Digest
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Chinese shipping industry is not the only one causing environmental incidents
The recent highly publicized grounding of a Chinese bulk carrier on the Great Barrier Reef in Australia attracted the scrutiny of the world on the Chinese shipping industry with some commentators saying that the accident was indicative of a dysfunctional health and safety record throughout the industry in China.
China’s shipping industry is primarily made up of the state-owned and run COSCO (China Ocean Shipping Company), and it is this company to whom the Shen Neng 1 belongs. The Shen Neng 1 is not the only COSCO ship to be involved in a notable maritime accident. Read more
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