Monthly Archives: May 2013

Cover of May 2013

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Table of Contents of May 2013

1. Cover story

Fast food and takeaways in Chinese market

2. Economy outlook

Large volumes of transactions in cultural industry

3. Financial strategy

Sinovac Beijing obtains China GMP certificate

4. Legal spotlight

Disputes over Chinese solar panel products and wireless communications network

5. Point of interest

Taiwan’s blockbuster documentary to screen in Washington DC

6. Portrait

Once mathematician VP

7. Remark from editor

Changing lifestyle means business

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Fast food and takeaways in Chinese market

According to a new report released by Mintel, the fast food and takeaway market is expected to reach RMB 1.8 trillion by 2017 largely bolstered by rising economic power in lower-tier cities. This growth compounds growth in recent years; the value of the fast food market in China doubled between 2007-2012 to reach RMB 1 trillion with 80% growth in outlet numbers since 2007. Continue reading

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Large volumes of transactions in cultural industry

The 9th Session of China (Shenzhen) International Fair on Cultural Industry was held in Shenzhen from May 17 to 20. The Fair hit a record high in the volume of transactions, amounting to 166.502 billion Yuan in total, among which, export reached 12.382 billion Yuan. The volume of transactions that are over 100 million Yuan were 162 in number, and value of contracts reached 116.466 billion Yuan in total. Continue reading

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Sinovac Beijing obtains China GMP certificate

Sinovac Biotech Ltd. (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that Sinovac Beijing, the main operating subsidiary company of Sinovac, obtained the Certificate of Good Manufacturing Practices for Pharmaceutical Products (GMP Certificate) from the China State and Food Administration (CFDA) for its proprietary vaccines, its Haidian district bulk production plants, and its Changping filing and packaging facility. The GMP certificate covers Sinovac Beijing’s vaccines commercialized in China and approved for stockpiling, inclusive of hepatitis A vaccine (human diploid cell), inactivated; hepatitis A and B combined vaccine; influenza vaccine (split virion), inactivated; pandemic influenza vaccine (inactivated, adjuvanted); pandemic influenza vaccine (split virion,adjuvanted); H1N1 influenza A vaccine (Split Virion, inactivated) The GMP certificate is valid for five years starting from April 17, 2013. Continue reading

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Disputes over Chinese solar panel products and wireless communications network

On May 27th, Mr. Zhong Shan, China International Trade Representative, led a Chinese government delegation to Brussels, headquarters of the European Union, where he held meetings with EU Trade Commissioner Karel De Gucht and Director General for Trade Jean-Luc Demarty respectively to make representations regarding the bilateral trade disputes over Chinese solar panel products and wireless communications network. Mr. Zhong clearly stated China’s positions and made relevant proposals. Continue reading

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Taiwan’s blockbuster documentary to screen in Washington DC

Asian Pacific American Film, in collaboration with the Taipei Economic and Cultural Representative’s Office (TECRO), presented Taiwan’s highest-grossing documentary, Go Grandriders, at Landmark’s E Street Cinema on Wednesday, May 29.  Continue reading

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