Monthly Archives: July 2012

Cover of July 2012


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Table of Contents of July 2012

1. Cover story

A bright future for economic cooperation and trade between China and Africa

2. Economy outlook

FDI in China from January to June 2012

3. Financial strategy

Over six million by FAW-VW

4. Legal spotlight

China-EU Seminar on quality related regulations of pharmaceutical products

5. Point of interest

Four Seasons Hotel Beijing set to open this fall

6. Portrait

New Chief Executive of Hong Kong

7. Remark from editor

Can flood be avoided?

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A bright future for economic cooperation and trade between China and Africa

(The author, Chen Deming, is the Minister of Commerce of the People’s Republic of China and the Honorary Co-Chair of the Chinese Follow-up Committee of FOCAC)

In Malawi, a landlocked African country, rows of cotton cultivated by local farmers with instruction from Chinese experts are budding; in Ethiopia, a shoe factory, which was built with investment from the China-Africa Development Fund, is teeming with local workers; in the Democratic Republic of Congo, a hydropower station, financed by credit from China, has just been inaugurated. In the meantime, in China, a country tens of thousands of miles away, African officials and technicians have been invited to Beijing to share China’s development experience and advanced technology; in Yiwu, a city in Southern China, Chinese customers are selecting South African wine at the Exhibition Center for African Products; at the New Port of Tianjin, a cargo ship loaded with fruit and textile products from Benin is preparing for tariff exemption procedures to enter the Chinese market. Continue reading

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FDI (Foreign Direct Investment) in China from January to June 2012

According to the statistics of MOFCOM, from January to June 2012, Newly Approved Foreign-invested Enterprises (FEIs) amounted to 11,705, down by 13.05% year on year; and the actual use of foreign investment reached US$59.089 billion, down by 2.96% year on year.

Figure 1. Realized FDI in US dollars year on year comparison for the first half of 2012. Continue reading

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Over six million by FAW-VW

FAW-VW announced that the six millionth car had rolled off the production line at Changchun facility on Jun 28.

FAW Group’s vice president Qin Huanming participated in and addressed celebration ceremony. “FAW-VW has successfully accomplished FAW’s market-oriented strategy, stepped to a new rapid development stage, and no doubt the Company will make more and more contribution for China’s automotive industry development,” said he. Continue reading

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China-EU Seminar on quality related regulations of pharmaceutical products

China-EU Seminar on Quality Related Regulations on Pharmaceutical Products was held on July 11-12 in Beijing, which was jointly sponsored by Ministry of Commerce, State Food and Drug Administration (SFDA) and the Directorate-General for Health and Consumers (DG SANCO), and organized by China Chamber of Commerce of Medicines & Health Products Importers & Exporters (CCCMHPIE) and EU-China Trade Project (EUCTP) II.

Huang Rengang, Deputy Chief of Department of WTO Affairs, Li Maozhong, Deputy Inspector of Department of Registration of SFDA, Liu Zhanglin and Meng Dongping, Deputy Chairmen of CCCMHPIE, Maria Angeles Figuerola Santos, official from Drug Registration Division of DG SANCO, Doctor Guido Rasi, Executive Director of EMA, Susanne, Director General of EDQM, Gregory Perry, President of EGA, and officials from UK FDA Administration, Italian FDA Administration, and EUCTP took part in the Seminar, and 270 representatives from domestic and foreign pharmaceutical manufacturers also attended the Seminar. He Chunhong, Director of Technical Service Center of CCCMHPIE, and Doctor Guido Rasi, Executive Director of EMA, chaired the Seminar respectively. Continue reading

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Four Seasons Hotel Beijing set to open this fall

In the heart of one of the world’s busiest cities, a calming sanctuary of refinement, style and genuine service is about to open its doors. For the first time in China’s capital, the world’s leading luxury hotel brand is set to open Four Seasons Hotel Beijing this fall.

“Today’s traveller has high expectations, and we’re here to exceed them with a real passion for personalized service that only Four Seasons can deliver,” says General Manager Sanjiv Hulugalle. “When I moved to Beijing with my family, we were struck by the warmth of the people and the pride they have in their city. At Four Seasons Hotel Beijing, our team of more than 600 carefully selected staff aims to offer the same sense of welcome and belonging to our guests, and to do whatever we can to make their experience in the city as fulfilling as it can be. Continue reading

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New Chief Executive of Hong Kong

The Fourth Term Hong Kong Special Administrative Region Government was inaugurated on the 1st of July. The new Chief Executive CY Leung was sworn in by Chinese President Hu Jintao at the Hong Kong Convention and Exhibition Centre.

Mr C Y Leung graduated from King’s College, Hong Kong Polytechnic and Bristol Polytechnic.  He has been awarded Honorary Doctorate degrees by four universities in the United Kingdom, Hong Kong and Shandong. Continue reading

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Can flood be avoided?

Cheming Yang

Beijing has suffered from the most devastating flood in 60 years. Officials from the Beijing flood control headquarters confirmed that 77 people died in the downpour. More than 65,000 people had to be evacuated. 460mm rain fell in Beijing’s Fangshan district, with the capital as a whole averaging 170mm. About 1.9 million people had been affected by the flood and economic losses had been estimated at 10 billion yuan. Mayor Guo Jinlong had stepped down in responding to the anger of the public following this disaster. Continue reading

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