Monthly Archives: December 2013
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
A report to the 18th National Congress of the CPC states that “we shall better coordinate trade and industrial policies, and make China’s exports more competitive in terms of technology, brand, quality and service.” Accordingly, China actively promotes the brand cultivation for foreign trade, because it is an important matter of “mode transformation and structure adjustment”, an important method for increasing international competitiveness and an important way of building good image of products that are “made in China”, playing a significant role in transferring China from a major country in trading to one that is strong in trading. In recent years, the Chinese Ministry of Commerce, in concert with the related departments of the State Council, has taken a series of promotion measures to encourage the Chinese enterprises to create, use and build their brands in the international market; as a result, construction of foreign trade brands has achieved positive progress. Continue reading
Chinese Ministry of Commerce released Business Review 2013 (XII) which summarizes the development of cross-border e-commerce in 2013. Cross-border e-commerce is a new-type mode of trade that the digitalization and electronization of exhibition, negotiation and conclusion of a business of the traditional trade by Chinese production and trade enterprises through e-commerce means to finally realize the import and export of products and at the same time also an effective way to broaden overseas marketing channel, promote China’s brand competitiveness and realize the transformation and upgrading of China’s foreign trade. Continue reading
The NASDAQ OMX Group, Inc. (NDAQ) announced the results of the quarterly re-ranking of the NASDAQ Golden Dragon China Index (Nasdaq:HXC), which will become effective prior to market open on Monday, December 23, 2013.
The following nine securities will be added to the Index: Bona Film Group Limited (BONA), China Green Agriculture, Inc. (CGA), China Information Technology, Inc. (CNIT), China Recycling Energy Corporation (CREG), China XD Plastics Company Limited (CXDC), China Distance Education Holdings Limited (DL), Jinpan International Limited (JST), Kingold Jewelry, Inc. (KGJI) and eLong, Inc. (LONG). Continue reading
On December 20, the two-day 24th China-U.S. Joint Commission on Commerce and Trade (hereinafter referred to as “JCCT”) came to a close in Beijing. Following the principles of honesty and pragmatism, working groups of both sides exchanged views on issues of major concerned in economic and trade fields, reached consensus and yielded positive results. After the meeting, Mr. Wang Chao, Vice Minister of Commerce of PRC, in concert with Zhu Guangyao, Vice Minister of Finance, Liu Lihua, Vice Minister of Industry and Information Technology, and Niu Dun, Vice Minister of Agriculture jointly presided over the news briefing, and took questions from the press. Continue reading
Chinese cultural and Confucian performances will take over Times Square this New Year’s Eve as the Sino-American Friendship Association, (SAFA), presents Confucianism and Shandong Culture at the opening of the Times Square New Year’s Eve Countdown Celebration 2014. Continue reading
Zhou Qiang, born in April 1960, is the Chief Justice and President of the Supreme People’s Court of the People’s Republic of China. Previously, he served as the Party chief of the Communist Party of China (CPC) Hunan committee, first-in-charge of the central Chinese province. He served as the province’s governor between 2007 and 2010. Continue reading
2013 is coming to an end. As usual, it is always a year of mixed news, good and bad. The biggest year end finanical news is no doubt the announcement of the tapering of quantitative easing (QE) of the US.
Although the biggest fear for the whole year is that the Fed might opt for an abrupt weaning to prevent speculation and prolonged agony, fortunately and unfortunately the Fed’s QE retreat adopts a step-by-step strategy. The first step is reducing purchase scale. Specifically, the current monthly purchase scale will be reduced from $85 billion to $50-60 billion, and then drop to $30 billion, and to zero. In the mid-term, the Fed will gradually raise the interest rate. In the long term, the Fed will sell all bonds bought under the QE. Continue reading