"China is a rapidly rising global economic power. Overall growth has averaged a robust 7% to 8% for more than a decade, with some markets expanding much more rapidly:
1. China's auto market exploded in 2003, passenger car sales jumping 82% year-over-year. Yet China's auto industry is still in early stages with strong growth projected for years ahead.
2. China is the world's largest telecommunications market with some 280 million mobile subscribers and 270 million wireline subscribers. New wireline subscribers are being connected at close to two million per month while mobile subscribers are growing at four million per month, overall at 14% growth rate.
3. Chinese household appliance manufacturers are experiencing growth in excess of 35% per year. The demand for China's household electric appliances, both domestic and for export, pushed production levels overall for many small and major appliance product categories up 40 to 50 percent or more in 2003.
4. At approximately 1.29 billion people, China is the world's most populous nation, yet Internet penetration and ecommerce are still in the developmental growth stages. According to statistics released by the China Internet Network Information Center, China, with nearly 80 million Internet users, currently trails only the USA and Japan. With the number of Internet users growing at around 5% a month, a household penetration rate of 25% percent is conceivably only three or four years off."
Do Business in China
"Foreign trade agency system is also called ""import and export agency system."" It is a form in which the foreign trade enterprises offer services to domestic commodity suppliers and recipients, that is, representing the productive enterprises and domestic recipients in handling import and export. Foreign trade agency system is an important measure that China has adopted in its foreign trade reform. "
Import / Export License System
The import and export license system is an important administrative measure in China's foreign trade management.
Reform of the Tariff System
The customs duty is an important source for the financial revenue of the central government.
Business Alerts
When you are having appointments in China, you should pay attention to the following...
Several Important Issues in Entering China Market
Generally speaking, Chinese merchants deal with foreign trade according to international rules and regulations. Then different peoples have different customs and habits. This is the same case in their commercial activities. We suggest that you should pay more attention to the following issues when you start your business in China.
How to Do Business in China
China is the economic frontier of the 21st century, and with that comes unlimited promise, and maybe pitfalls. The Chinese are wary of foreign companies that they believe may only be there to make a quick buck. Nevertheless, the Chinese market is not without at least some rules of its own.
China Real Estate Market - Introduction
To some foreign companies, doing business in China is very difficult. Besides the language and cultural difference, the concerns facing foreign businesses may range from the not-so-transparent laws and regulations, the bureaucratic agencies, to the complicated taxation system. Despite these problems, China has made a huge progress forward since it opened its door to the outside world in late 1970's and embraced a market-oriented economy after being ruled under the central controlled system for almost 30 years.
China Real Estate Market - Economic Development
Shortly after the new government was founded in 1949, almost all of China's private or individual-owned farms were collectivized into large communes.
China Real Estate Market - Foreign Investment
According to a statistics from China's Ministry of Foreign Trade and Economic Cooperation (MOFTEC), the cumulative foreign investment in China at the end of 2000 totaled $348.3 billion, making it the world's second largest destination of foreign direct investment after the United States.
China Real Estate Market - Housing Reforms
Until 1999, most of people in China's urban area had lived under the welfare housing system in which the government provided nearly free housing for urban residents.
China Real Estate Market - Real Estate Market
Compared with U.S. and other developed markets, China's real estate industry is less experienced and immature. Currently, there are approximately 25,000 real estate brokerage agencies employing over 200,000 agents.
China Real Estate Market - WTO Entry and Its Impact
China's expected accession to the WTO in late this year or early 2002 will have a positive impact on China's real estate market as a result of increased business activity and the more systematic development of China's economy. As China's economy grows, more and more people can afford cars and housing. This will not only provide enormous business opportunities to foreign investors, but also means that China will need to follow international practice standards.
China Real Estate Market - Laws and Regulations Concerning Land and Real Estate
China's legal system is a mixture of common law and continental legal systems, but it puts relatively less emphasis on legal precedents. The 1992 U.S.-China bilateral market access MOU committed China to publish all relevant laws, rules, regulations, administrative guidance and policies governing foreign trade.
China Real Estate Market - Administrative Agencies Affecting Real Estate Businesses
Currently, there are 31 provinces, municipalities and autonomous regions in China excluding Hong Kong and Macao Special Administrative Regions, and Taiwan. Chongqing Municipality, with a population of 30.4 million, is the most populated city in China.
China Real Estate Market - Taxation System
China's tax laws and policies are made by the National People's Congress and its standing committee, State Council, the Ministry of Finance, State Bureau of Taxation, State Council Customs Duty Regulation Commission, and General Administration of Customs.
China Real Estate Market - Mortgage/Home Loans
The housing mortgage system currently in China has just started. Several cities have enacted legislation and regulations to provide guidelines for mortgage processing on real property. For instance, in Guangzhou, the local government published regulations handling mortgages and required domestic mortgage lender to be licensed by a central bank.
China Real Estate Market - Foreign Business Establishment
There are several types of investment/business form for foreign investors or operations to conduct business in China including Sino-foreign joint ventures, Sino-foreign cooperative ventures, wholly foreign-owned ventures and cooperative exploitation. Each of them has its unique advantages and disadvantages depending on finance resources, market goals, tax purpose, and other factors.
China Real Estate Market - Conclusion
China Real Estate Market - Conclusion
China Real Estate Market - Resources
China Real Estate Market - Resources
China Real Estate Websites
China Real Estate Websites
China's Real Estate Industry in a Boom
China is expected to increase 5.5 to 6 billion square meters' of housing floor space, or 70 million sets of houses in the coming ten years, said Yang Shen, chairman of China Real Estates Association.
Chinese Real Estate Sector Soars in 2001
The fast growing real estate sector has become one of the driving forces of China economy in 2001, which indicates the beginning of a new expansion of the sector.
How WTO Entry Will Impact the China Real Estate Market
WTO entry sends a positive message to foreign companies about China's commitment to economic and market reforms. Demand from foreign companies - the primary occupants of top-quality commercial, industrial and residential projects - is likely to increase as new companies enter the market and others expand as restrictions are gradually lifted.
China Strives to Meet WTO Challenges
China Completes Rectification of WTO-related Laws
WTO Entry: A Two-edged Sword for China's Employment Market 1
China's accession to the World Trade Organization (WTO) will bring both opportunities and challenges to the country's employment market.
WTO Entry: A Two-edged Sword for China's Employment Market 2
China's accession to the World Trade Organization (WTO) will bring both opportunities and challenges to the country's employment market.
New Court to Handle Foreign Business Disputes
A special team of judges in Beijing has been called in to deal with expected international cases involving transnational disputes, now that China has entered the World Trade Organization (WTO).
Foreigners Given Equal Access to Medical Services in China
Foreign nationals are entitled to the same treatment as Chinese when they apply for medical benefits or receive medical treatment, according to an official of the Ministry of Health in referring to World Trade Organization commitments made by China.
Import Tariffs on Wood Products to Be Cut
China's accession to the World Trade Organization (WTO) will protect the country's forest reserve but it will also deal a blow to the domestic manufacturer of artificial boards, industry experts say.
Implications of Membership in the WTO for China
Due to the huge population of the country, China holds a certain fascination for most of us in business, academia, or government. It is destined to become a major player in the world, both for manufacturing and potential sales.
What Does China's WTO Accession Mean for Foreign Industry
After fifteen years of negotiations, on November 10, 2001 at the World Trade Organization (WTO) Ministerial Conference in Doha, Qatar, WTO members formally approved the accession package for the People's Republic of China (China). China became a full member, the WTO's 143rd, on December 11, 2001.
Major Agricultural Base Adapts to Post-WTO Competition
Shandong Province, a major agricultural production base in east China, has taken measures to gear its agricultural production to the tough competition that came on the heals of the country's accession to the World Trade Organization.
China Completes Rectification of WTO-related Laws
China has completed the rectification of six laws, making them all conforming to the rules of the World Trade Organization (WTO).
Rules Revised for WTO
China will revise its life insurance regulations to keep in line with international practice and to meet the requirements of the World Trade Organization (WTO).
Multinational Companies Adjust Strategies to China
"Once upon a time, multinational companies were very sober-minded about investing in China. Of the large German and Japanese companies, originally only Volkswagen and the Sanyo invested in Shanghai, Changchun and Shenzhen on a significant scale. When recalling the days of studying China's investment climate in 1981, Dr. Karl Harn, a magnate in the German auto industry, said, ""For most multinational companies at that time, China was still a mysterious, shy girl"". "
Super-store Market Report
The chain supermarket boom started in the early 1990s in China and developed at an annual increase rate of 70%. The development of chain supermarket industry is especially fast in those well-developed areas such as Beijing, Shanghai and Guangzhou. By the end of 2000, the sales volume of chain supermarkets all over China amounted to 7% of the total turnover of the whole country. The operational income of some supermarkets has surpassed that of some top department stores and became the flagship in the retail industry. The outstanding performance of chain supermarkets has attracted the most attention in the last ten years.
China Automobile Market Study
Automobile industry is one of the pillar industries that the Chinese government aims to develop in future. Chinese automobile manufacturers produced 2,069,069 vehicles of all types and sold 2,088,626 units in 2000. The sales volume increased by 256,156 units, or 14.01% up and the production volume rose by 13.07% from 1999. The year of 2000 experienced the highest growth rate in terms of both production and sales in the past five years.
Western Region Development
China's western region includes 10 provinces, municipalities and autonomous regions: Shaanxi, Gansu, Qinghai, Ningxia, Xinjing, Sichuan, Chongqing, Yunnan, Guizhou, and Xizang. The region covers 5.38 million square kilometers, 56% of the country land area, and has a population of 287 million people, 22.99% of the national total.
Tariff cut to boost foreign trade
China says it will cut the import tariffs to an average of 12 per cent in 2002 from the current 15.3 per cent to fulfill its World Trade Organization (WTO) commitments.
Economical Cars to Lead China's Auto Market
The advantages of economical cars as their low price, small body, low petrol consumption, durability, easy of running, low repair rate and lack of luxuries, and for all this, they will lead China's future auto market.
The reform of China's railways goes with the world tide
Since World War II, the governments of all countries in the world except the U.S.A. have introduced a state-owned management system on their railways. Finally, highway and air transport began growing rapidly between 1970 and 1994. The total volume of goods across Europe grew by 70%, but the freight volume carried by the railways shrank by 22% at the same time. The European Union has reached the conclusion that the management system adopted by the state on its railways has led to the decline of the railways.
Chinese Economy on Fast Track
The size of the Chinese economy is likely to climb, in world rankings, from its current position as the sixth largest to the second largest by 2030, said economists with global investment bank Lehman Brothers.
Establishing Foreign Investment
The major difference between an EJV and a CJV is that the investment of foreign investors in the latter does not need to be converted into shares or even if the investment is converted into shares, the distribution of profit, the bearing of risk, the sharing of liability and the assignment of property do not need to be decided on the basis of the shares of investors. Moreover, investment payback ways and administration in a CJV is more flexible.
China Investment Environment
For foreign investors, many problems exist in the Chinese investment environment. However, the government is making efforts to address these problems in order to encourage more foreign investment.
Taxation in China
The major tax categories applicable to FIEs can be divided into 2 groups according to their respective levying authorities.
Shanghai Seeks Overseas Investment for Riverside Development
Shanghai, the biggest industrial and business center in China, will open up a comprehensive riverfront development program to influential overseas developers.
Zhejiang: Foreign Investment Doubles in January
Zhejiang Province in east China attracted US$585 million foreign investment in January, up nearly 100 percent compared to the same month last year.
More Foreign Investment Expected in Shenzhen
Shenzhen, one of China's five special economic zones, is expected to absorb US$4 billion of overseas investment this year, 11 percent more than last year.
High-tech Industry in China's Minority Areas Attracts Venture Capital
With the dive of NASDAQ still unsettling the global economy, far-sighted venture capital investors have been looking at the high-tech industry developed by China's ethnic groups.
Education to Open Wider to Foreign Investment
Chinese educational sector will open wider, as economic, scientific and educational sectors join international competition with China's accession to the World Trade Organization (WTO), a top education official said.
Seven Obstructive Attitudes in the Introduction of Foreign Investment
The introduction of foreign investment in China has gone through three periods since the 1970's.
Xiamen Investment Guide
Xiamen city is one of China's first four Special Economic Zones, and has been granted the right to manage its own economic affairs while offering preferential investment policies to foreign enterprises. Since the full opening of the zone in 1984, all aspects of Xiamen's society -- it's economy, educational and scientific institutions -- have developed rapidly. Today, Xiamen is a special window city for contact between China and the rest of the world, easily accessible, thriving, and full of potential.
Nanjing Investment Guide
Nanjing has a history of over 2400 years, and is one of the six ancient capitals of China, reputed as the capital of ten dynasties, and known for its rich resources and abundant products as well as prominent people.
Ten Areas Favorable for Overseas Investors
China State Commission of Economics and Trade declares that China encourages overseas investment in the following 10 areas
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