Monthly Archives: September 2013

Cover of September 2013

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Table of Contents of September 2013

1. Cover story

Shuanghui acquired Smithfield Foods

2. Economy outlook

China-Arab States Expo opens in Ningxia

3. Financial strategy

2012 China direct investment overseas

4. Legal spotlight

WTO panel report regarding China’s measures against US chicken

5. Point of interest

Lee’s legend inspires a new generation

6. Portrait

VP of PROC

7. Remark from editor

Smart in and smart out

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Shuanghui acquired Smithfield Foods

Shuanghui International Holdings Limited (“Shuanghui International”) and Smithfield Foods, Inc. (“Smithfield”) announced on September 26, 2013 that they have completed their previously announced strategic combination.
“Today marks an exciting new chapter for both of our proud organizations as we formally begin a partnership that will benefit our customers, employees, producers and partners,” said Shuanghui International Chairman Wan Long. “Together we look forward to utilizing our individual strengths, including Shuanghui’s extensive distribution network in China and Smithfield’s leading production and safety protocols, to provide safe, high-quality products to consumers worldwide.” Continue reading

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China-Arab States Expo opens in Ningxia

The first China-Arab States Expo, a key platform to promote the relationship between China and the Arab states, was held from 15 to 19 September 2013 in northwest China’s Ningxia Hui Autonomous Region.
President Xi Jinping sent a letter of congratulations to the event, in which he said the expo is of great significance in promoting an all-round cooperation between China and the Arab states. China is willing to carry out cooperation with Arab states to benefit the people of both sides and contribute to the prosperity of the world, Xi said. Continue reading

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2012 China direct investment overseas

The Ministry of Commerce (MOFCOM) of China, the National Bureau of Statistics (NBS) and the State Administration of Foreign Exchange (SAFE) jointly released on August 30 the Statistical Communiqué of 2012 on China Direct Investment Overseas, making public officially the annual data on China direct investment overseas in 2012. The communiqué was composed of six parts: Overview of China direct investment overseas; Characteristics of China direct investment overseas; Chinese investment to major economies, mix of investors, investors by industry and region and comprehensive statistics. Continue reading

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WTO panel report regarding China’s measures against US chicken

WTO Dispute Settlement Body passed the Panel report on September 25 regarding US requests against China’s anti-dumping and anti-subsidy measures against imports of chicken products from US (Case No.DS427). Head of Department of Treaty and Law of MOFCOM made a comment on it that the Panel report rejected part of US’ claims, and gave support to China on such issues as definition of domestic industry, whether comparison of prices was made in the same level of trade, and means to give notice to unknown exporters. China welcomes the said ruling. Meanwhile, China reserves its views on penal ruling of disclosure of basic facts, believing that these problems should be clarified in days to come. Continue reading

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Lee’s legend inspires a new generation

The landmark exhibition Bruce Lee: Kung Fu-Art-Life is now open at the Hong Kong Heritage Museum, where it has been met with enthusiasm from fans around the globe. As the largest exhibit honouring Bruce Lee in the world, it will run for five years, and tells the martial arts legend’s life story in detail with more than 600 unique memorabilia items.
Lee’s daughter Shannon is chairman of the Bruce Lee Foundation, which has loaned most of the exhibits to the museum, including more than 400 relics of the late film star. Continue reading

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