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MOFCOM Released China’s Foreign Trade Report (Spring 2012)

May 4th, 2012 Bernard No Comments »

The Ministry of Commerce (MOFCOM) released China’s Foreign Trade Report (Spring 2012) on April 27, reviewing China’s foreign trade performance in 2011 and in the first quarter of 2012, and analyzing the outlook of China’s foreign trade development in 2012.

According to the Report, 2011 is the first year of China’s 12th Five-Year Plan period, and China’s foreign trade maintained a steady and balanced development on the whole, with import and export hitting a record high, and China’s position as a trading power was further consolidated, trade structure was further optimized, and trade balance was further improved. And in the first quarter of 2012, China’s foreign trade growth saw a significant slowing down due to reduced demands in international market as well as rising costs in domestic market.

The Report noted that in 2012, there are some favorable conditions and positive factors for China’s foreign trade to maintain steady development, but with the increasing challenges and difficulties, as well as the complicated factors restricting China’s foreign trade development, the situation is not optimistic. All factors considered, China’s foreign trade growth in the second quarter of 2012 will remain steady and low, and will maintain a steady growth on the whole in 2012, while but the growth rate will fall compared with that of 2011, trade balance will be further improved

The Report pointed out that confronted with the complicated environment in China and abroad, China’s foreign trade will adhere to progressing in a steady manner, and focus on stabilizing growth, adjusting structure and promoting balance. On the one hand, it is necessary to stand from the present, and maintain overall stability of foreign trade policies, implement supportive policies, and overcome such difficulties as lack of orders, rising costs and increasing frictions, so as to maintain steady export growth.

On the other hand, we shall focus on long-term perspective, and strengthen efforts on foreign trade structure adjustment as well as transformation and upgrading, accelerate the transformation of foreign trade development mode, and enhance sustainable development of foreign trade.

Source: Ministry of Commerce

Trade Fair – Fairs, Events, and Exhibitions Schedule in China

May 3rd, 2012 Bernard No Comments »

Fair Calendar in China

Fairs Sponsored or Co-sponsored by Ministry of Commerce, China

1. China Import and Export Fair(Canton Fair)
Two Sessions: April 15 & October 15
Guangzhou,Guangdong
www.cantonfair.org.cn

2. China(Shouguang) International Vegetable Sci-Tech Fair
April,20
Shouguang, Shandong
english.sgcbh.com

3. China(Shenzhen) International Cultural Industries Fair
May, 17-20
Shenzhen,Guangdong

http://en.cnci.gov.cn

4. China (Langfang) International Economic&Trade Fair
May,18
Langfang,Hebei
en.518.gov.cn

5. China (Chongqing) International Investment and Global Sourcing Fair
May, 20-23
Chongqing

http://www.ccisf.com/indexe.aspx

6. China (Beijing) International Hi-Tech Expo
May, 27-31
Beijing

http://english.chitec.cn/

7. China Import and Export Fair, Kunming
June, 6-9
Kunming, Yunnan

http://www.kmfair.org/en/

8. South Asian Countries Trade Fair
June, 6-10
Kunming, Yunnan

http://www.kmsacc.com/en/Default.aspx

9. China International Consumer Goods Fair
June, 8-12
Ningbo, Zhejiang
www.cicgf.com

10. China Harbin International Economic and Trade Fair
June, 15-19
Harbin,Heilongjiang

http://en.ichft.com

11. China Qinghai Carpet Exhibition
June, 20-23
Xining,Qinghai

http://www.china-tibetan.com/web-En

12. China International Software & Information Service Fair
June, 22-24
Dalian,Liaoning

http://www.cisis.com.cn/en/default.aspx

13. China International Consumer Electonics Show
July, 8-11
Qingdao, Shandong

http://www.sinoces.com/

14. China Aisa-Europe Expo (Urumuqi Fair)
September, 1-5
Urumuqi,Xinjiang
www.urumuqifair.com

15. China Internaional Equipment Manufacturing Exposition
September, 1-5
Shenyang,Liaoning

http://zxexpo.com/

16. China (Jilin) Northeast Aisa Investment and Trad Expo
September, 2-6
Changchun, Jilin

http://www.neasiaexpo.org.cn/

17. China International Fair for Investment & Trade
September, 8-11
Xiamen,Fujian

http://www.chinafair.org.cn/english/index/index.aspx

18. China International SME Fair
September,15-18
Guangzhou,Guangdong

http://www.smefair.org.cn/en/

19. China International Sourcing Fair (Shanghai)
September,16-18
Shanghai

http://fair.sourcing.org.cn/index_en.asp

20. China (Taiyuan) International Energy Industry Expo
September,16-19
Taiyuan,Shanxi

http://www.cicenexpo.com/

21. China International Fruit/Vegetable/Food Expo
September,23-26
Yantai, Shandong

http://www.fruitveg-expo.cn/en/index.asp

22. Central China Investment & Trade Expo
September,26-28
Nanchang,Jiangxi

http://www.expocentralchina.org.cn/

23. China?Ningxia?International Investment & Trade Fair
September,26-30
Yinchuan?Ningxia

http://www.ningxiaexpo.com/english/index.html

24. Western China International Fair
October?16-20
Chengdu,Sichuan

http://en.westernchinafair.org/wcif.html

25. China Jingdezhen International Ceramic Fair
October?18-22
Jingdezhen,Jiangxi

http://jdzol.net/web/Schedule/

26. China-ASEAN Expo
October?20-24
Nanning, Guangxi

http://www.caexpo.org

27. China Yiwu International Commodities Fair
October?21-25
Yiwu,Zhejiang

http://www.chinafairs.org/

28. China Yangling Agricultural Hi-Tech Fair
November,1
Yangling,Shanxi

http://www.agri-expo.com/

29. China International Industry Fair
November,9-13
Shanghai

http://www.ciif-expo.com/article/list.php?catid=41

30. China Hi-Tech Fair
November,16-21
Shenzhen,Guangdong

http://www.chtf.com/english/index.html

31. China Sourcing Summit
To be comfirmed
To be comfirmed

http://fbh.chinasourcing.org.cn/en/

Source: Ministry of Commerce PRC

Doing Business in Beijing – Commercial Data

May 2nd, 2012 Bernard No Comments »

Foreign Trade

In 2005, Beijing’s cargo trade volume reached $125.57 billion, with an export volume of $30.87 billion and import volume of $94.7 billion. The export volume of mechanical and electrical products totaled $15.63 billion, accounting for 50.5% of the region. That of high-tech products came to $9.74 billion, accounting for 31.5% of the region. According to Balance of Payments, service trade volume reached $29.16 billion, with revenue of $18.2 billion and expenditure of $10.96 billion.

Utilization of Foreign Funds

By 2005, 126 countries and regions had investments in Beijing. Among them, Hong Kong established 8,176 foreign funded enterprises with FDI reaching $15.29 billion, accounting for 30.6% of the total contracted foreign fund; British Virgin Islands, 1,296 enterprises with FDI amounting to $5.87 billion, constituting 11.8% of the total; Japan, 2,032 enterprises with FDI $5.57 billion, accounting for 11.2%; United States, 4,004 enterprises with FDI $4.79 billion accounting for 9.6%; Germany, 378 enterprises with FDI $2.44 billion accounting for 4.9%; Korea, 1,729 enterprises with FDI $2.44 billion accounting for 4.5%; Cayman Islands, 351 enterprises with FDI $2.03 billion accounting for 4.1%.

Foreign Economic Cooperation

In 2005, Beijing’s contracted projects and labor service cooperation with foreign countries realized a turnover of $712.81 million with contracted capital of newly signed contracts amounting to $937.32 million. 3,473 laborers were sent abroad and people working in foreign countries numbered 4,796. Major projects exceeding $10 million amounted to 17 with total contracted capital reaching $380 million.

In 2005, five enterprises in Beijing were responsible for 49 foreign aid projects including six engineering foreign aid projects with a total contractual value of $6.96 million, 16 goods foreign aid projects, 14 design, consultancy and engineering supervision projects and 13 other projects. Countries receiving aid include Mauritius, Tonga, Togo, Guinea-Bissau, Antigua, Mauritania and Afghanistan etc.

In 2005, the Beijing municipal government approved 51 foreign enterprises and institutions including 19 foreign institutions and 32 foreign enterprises. Total value of investment in foreign countries amounted to $204.4375 million with contracted investment value on China’s part reaching $204.0514 million, accounting for 99.81% of the total. There are eight American projects with investment in trade, tourism, electronics, computer software, Internet and other fields.

Related Information:

Doing Business in Beijing – Overview
Doing Business in Beijing – Transportation and Infrastructure
Doing Business in Beijing – Foreign Exchange
Doing Business in Beijing – Scientific Research and Education
Doing Business in Beijing – Tourism and Special
Doing Business in Beijing – Economy
Doing Business in Beijing – Commercial Data
Source : Ministry of Commerce,PRC

Doing Business in Beijing – Economy

May 2nd, 2012 Bernard No Comments »

GDP

In 2005, Beijing’s GDP totaled 688.63 billion yuan and per capita GDP reached 45,444 yuan. The added value of primary industry came to 9.8 billion, secondary industry of 202.65 billion yuan and tertiary industry of 476.18 billion yuan.

Natural Resources

Beijing boasts a favorable condition for mineral resources. Other capitals around the world seldom enjoy this kind of advantage. It also stands out from other major cities in China for its large amount of proven reserves of a variety of ores. Currently, 126 kinds of minerals have been found in Beijing. The reserves of 68 kinds are verified and 363 mines have been set up.

Among the mines of verified reserves, the large-scale mines total 30, accounting for 8.6%, medium-scale total 106, accounting for 30.6%, small-scale total 96, accounting for 27.6% and miniscale total 115, accounting for 33.2%. The major minerals include coal, iron ore, gold, molybdenum, limestone for cement, marble, diopside and sand for construction etc.

Ground water is among the most important resources in Beijing. The ground water replenishment is 3.95 billion m3/a and the yield totals 2.63 billion m3/a. The yield in the plain reaches 2.46 billion m3/a. Ground water accounts for two-thirds of the city’s water supply, with more than 150 water sources for Beijing’s urban areas, rural areas, satellite towns, large-scale mines and various organizations and institutions. After the middle section of the South-North Water Transfer Project is launched in Beijing, ground water will account for half of the city’s water supply.

Beijing enjoys abundant terrestrial heat resources. Preliminary data demonstrate that areas with terrestrial heat cover 2,372 km2, constituting 14.1% of the total area of Beijing. The quantity of heat in the reserve layer is equal to that produced by 11 billion tons of standard coal. The total reserve of terrestrial heat reached 18.12 billion m3, out of which 110 million m3 are to be explored every year, equal to the quantity of heat produced by 649,000 tons of standard coal.

Agriculture

In 2005, the output value of the service industry in farming, forestry, animal husbandry and fishery in Beijing totaled 26.88 billion yuan, with farming contributing 10.06 billion yuan, forestry of 1.33 billion yuan, animal husbandry of 13.57 billion yuan, fishery of 970 million yuan and services for the above four sectors of 950 million yuan.

Industry

In 2005, the major industrial enterprises in Beijing realized an added value of 170.54 billion yuan and export products of 106.53 billion yuan. High-tech industries achieved an added value of 51.75 billion yuan, accounting for 30.3% of the total in Beijing.

Related Information:

Doing Business in Beijing – Overview
Doing Business in Beijing – Transportation and Infrastructure
Doing Business in Beijing – Foreign Exchange
Doing Business in Beijing – Scientific Research and Education
Doing Business in Beijing – Tourism and Special
Doing Business in Beijing – Economy
Doing Business in Beijing – Commercial Data
Source : Ministry of Commerce,PRC

Doing Business in Beijing – Tourism and Special

May 2nd, 2012 Bernard No Comments »

Local Products

Beijing boasts abundant tourism resources with more than 200 tourism sites open to the public, including Tiananmen Square, Beijing Ancient Observatory, the Workers’ Cultural Palace, the Imperial Palaces of the Ming and Qing Dynasties (the Forbidden City), the Lama Temple, Zhongshan Park, Shichahai, Beihai Park, Miaoying Temple, Prince Gong Mansion, Jingshan Park, Taoranting Park, the Temple of Heaven, the Fragrant Hills, the Summer Palace, the Ruins of the Old Summer Palace, Zizhuyuan Park, the Temple of the Sun, Lugou Bridge (Marco Polo Bridge), Mount Ling, Mount Miaofeng, Tanzhe Temple, the Imperial Tombs of the Ming Dynasty, Badachu Park, Badaling Great Wall, Shidu and the Peking Man Site at Zhoukoudian.

Related Information:

Doing Business in Beijing – Overview
Doing Business in Beijing – Transportation and Infrastructure
Doing Business in Beijing – Foreign Exchange
Doing Business in Beijing – Scientific Research and Education
Doing Business in Beijing – Tourism and Special
Doing Business in Beijing – Economy
Doing Business in Beijing – Commercial Data
Source : Ministry of Commerce,PRC

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