24 January 2008- A few days ago, the prices of stocks have fallen drammatically in many Asian and European stock exchanges. But in a split second today, the markets have seen an immediate but small rise again, but not to a considerable extent.
The growth of the Chinese economy in the past few decades since economic reform in 1979 has been one of the wonders of modern economic development. China has experienced unprecedented growth in the past thirty years with GDP rising on average by 9.5% per year over that period.
China has exceeded many of their goals for their proposed 10th Five Year Plan 2001-2005. However they failed their environmental protection goal because of their uncontrollable economic growth. China’s consumption levels have been at a constant high and the government is quickly trying to solve these problems which will help reduce the environmental damage.
Here you will find interviews with various Western people living in China. Read what their motivation was to go to China, what they are doing in China and how they like it.
As China’s companies are always on the lookout for boosting their yearly turnover, the Chinese also got in on the new business of the various so-called free million page pixel websites. The Internet’s new marketing platform offers countries like China the possibility to not only promote the country and its numerous companies, but also move the culture and commerce across borders by using the free million page pixel's websites.
This year marked a large step forward for the continuing integration of world trade and capital markets, with China adopting a significant number of the accounting standards laid out by the International Accounting Standards Board (IASB).
China’s economy has changed from a centrally planned economy (CPE), which was introduced in 1949, to a more market orientated economy in 1978 and is currently a significant participant in the global economy. There were some inherent shortcomings of the CPE, like the defective functioning of the planning mechanism, the monopolistic, non-contestable position of the State Owned...
The operation of technology such as the internet is often very different in China than in most Western countries. For example when constructing a Chinese website, a webmaster will inevitably encounter different problems, which are both of cultural as well as technical nature. For example, it can by no means be said that the Chinese taste concerning design or the overall form is the same as the Europeans or Americans taste. By far the most substantial difference concerning technical matters lies without any doubt with the script, for that it requires a complete different encoding than for sites that use Latin letters.
The World Trade Organization (WTO) was established on the 1st of January 1995, as a successor to the General Agreement on Tariffs and Trade (GATT). It is the only global international organization that deals with the rules of trade between nations. China was one of the 23 original signatories of the GATT but after the Chinese revolution in 1949 the government in Taiwan announced that China would withdraw from it.
This section will provide all the latest news on the activities of the biggest Chinese companiesand offer advice on the best ways of contacting Chinese companies. Also, this is where you will find company profiles for some of China's largest and most well known companies. Such as China Mobile, The Bank of China and Air China.
The world oil reserves are running out, and the worlds demand keeps on rising. According to the Energy Information Agency of the U.S. government the world demand for oil is expected to increase by 54 percent till 2025. Another additional 44 million barrels of oil have to be produced every day to meet this demand. This growth in demand comes particularly from China, with its fast growing economy. China, who’s after the U.S, the biggest demander of oil is creating an oil reserve for the coming decade.
Here you will find articles about Chinese law and regulations. We will provide articles on many topics: Bankruptcy, Bank & Finance, Property Law, Taxation, Internet, Arbitration, Registration of a Represantative Office, Joint Ventures...
Corporate income tax is a hot topic in China at the moment with the recent majority vote in the National People’s Congress to harmonise the income tax rates for Foreign Invested Enterprises and domestic firms.
The new laws, which were passed on 16 March 2007, have been the subject of protracted debate and speculation for a considerable time now.
You've probably noticed that the Chinese economy is booming. More and more Western companies are outsourcing to China. There is a record amount of young people coming to China to learn the language, eager to do business in Asia.
China is considered by many to be the ultimate investment opportunity for foreign business. Not only does China offer a business market of up to 1300 million possible consumers, it also brings about annual growth rates that most countries would not even dare dreaming of.
The aim of this section is to provide an overview of the key industry sectors in China. For example the China automotive industry and the China energy industry are booming. To sustain China’s economic growth a huge amount of energy needs to be available. China is the second largest consumer of energy behind the USA. The China automotive industry also needs to keep up with growing consumer demand under a booming economy.
With a booming economy there has never been a better time to invest in China. However, where in China is best? In recent years a great deal of effort has been made to improve the accessibility of the more isolated provinces in China. New infrastructure has been constructed to encourage greater foreign investment. This section acts a guide to investment in China by region.
In many countries investment in real estate has been very popular over the last years. You can either invest direct in real estate or indirect through real estate investment trusts (REIT). This article will explain what REIT’s are, what advantages they have over other investment tool and will give disadvantages. The second part will focus on REIT’s in Asia.
Work- related qualifications are the major issue in the inner-company selection process of employees chosen to work in China. Large Groups such as VW or Siemens, which have a long-year experience in China even send their employees for a short visit to China to allow them get a first impression of the country. As a consequence of that the future "Expat" will be prepared for his work in China in intensive lectures and seminars.
