Welcome to the December 2008 edition of China Pulse, the U.S. Foreign Commercial Service Newsletter for China ("USFCS"). The USFCS offers you the resources you need to grow your business in China. By partnering with USFCS, the U.S. Embassy's contacts and expertise are put to work for your business. Knowledgeable Commercial Service specialists and American Trading Center ("ATC") representatives can help you contact and set up appointments with Chinese organizations in 19 cities in China. With access to a broad cross-section of contacts including potential agents and distributors, major end-users and key government officials, you will be sure to meet the right people at the right levels to expand your business. Our customer service team can help you identify top regional markets and opportunities to export your product to China. Click here.
The U.S. Commercial Service in Beijing is pleased to invite American firms to participate in our U.S. Pavilion at the Conference on Intelligent Green and Energy Efficient Building & New Technologies and Products Expo to promote American energy efficient construction, building materials products and services to China’s emerging construction market!
Organized and supported by the Ministry of Housing & Urban-Rural Development, National Development and Reform Commission, and the Ministry of Science and Technology, the 5th International Conference on Intelligent Green and Energy Efficient Building & New Technologies and Products Expo will be held from March 27-29, 2009 at the Beijing International Conference Center. The event will focus on improving the energy efficiency of buildings in China and is the best venue to showcase products, services and new technologies in this field. Vice Minister Qiu Baoxing of the Ministry of Housing & Urban-Rural Development will host this conference. The U.S. Department of Energy and governments of European and Asian countries will send delegations to attend this event.
We are eager to work with you to promote your American products and services in China. We look forward to hearing from you before the end of February18, 2009.
For more information contact the Foreign Commercial Service at the U.S. Embassy:
Ms. Merry (Shujuan) Cao
Commercial Specialist,
Email: Shujuan.cao@mail.doc.gov
Tel: (86-10) 8531-4463
Webinar: China's Demand for Green Building Products
December 9, 2008, 7:00-8:15 pm ET
This live internet briefing explores the China market for Green Building Products. What's hot now, what standards prevail, and future demand trends anticipated by United Technologies and Mammoth Geothermal. Hear also from the Los Angeles Chapter of the U.S. Green Building Council and the U.S. Commercial Service/U.S. Embassy Beijing on the underlying materials and technologies used in China's green building initiatives. Join the program live and/or view a recording later at your convenience. For more information go to http://www.buyusa.gov/asianow/chinagreenbld.html or contact Kellie Holloway at kellie.holloway@mail.doc.gov.
Webinar: Tapping into Northeast China's Under-tapped Education Market
Monday, December 8, 2008 (8 PM ET)
This interactive webinar will present strategies for recruiting students from northeast China, an economic overview of this market, Chinese student flow trends and projections, the latest visa procedures and guidance, and assistance from the U.S. Departments of Commerce and State in northeast China. Speakers include: the U.S. Consulate in Shenyang - Commercial Section, to brief on regional economic and educational sector overview; and, the Consular Section, to brief on student visas. Liaoning University Professor and Director of International Exchange, Ms. Cao Lihua, will discuss higher education trends and what students from this region are seeking in a U.S. university. The participant fee is $35.00. For more information go to https://emenuapps.ita.doc.gov/ePublic/newWebinarRegistration.jsp?SmartCode=9Q1M or contact Gabriela Zelaya Gabriela.Zelaya@mail.doc.gov
China National Bureau of Statistics: China accounts for 6% of world's GDP by 2007
China's share of the world's combined gross output rose to 6 percent at the end of 2007, compared with just 1.8 percent in 1978 when its reform and opening-up began, the National Bureau of Statistics ("NBS") announced on Monday. The economic growth rate in the past three decades was also much higher than the world average, and slightly higher than Japan's 9.2 percent and South Korea's 8.5 percent during their economic takeoff periods.
China announces 3,770 items involved in 3rd export tax rebate rise
China's Ministry of Finance announced on Monday a list of 3,770 items involved in the third export tax rebate increase this year. The items include labor-intensive, mechanical and electrical products. New export tax rebate rates on these items were also announced. The change take effect Dec. 1. The 3,770 items accounted for 27.9 percent of the country's total exports, according to a statement posted on the government's website. The statement said the government would also eliminate export duties on certain types of steel, chemical and grain products and reduce export duties on some fertilizer products, also effective Dec. 1. China levies value-added tax on most products, but refunds varying amounts of that tax on goods that are exported. The government usually adjusts the size of export tax rebates for different types of goods when it is trying to encourage or discourage growth in particular industries.
China, US sign IPR Memorandum
China and the United States have signed a "Strategic Cooperation Memorandum on Copyrights". The memorandum sets a framework for cooperation on intellectual property rights between the two countries. It calls for the IPR departments of the two countries to establish a regular communication mechanism to share information and train staff.
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China: Wind Energy
Rapid urbanization and continuing economic growth are placing heavy demands on the Chinese energy sector. Although fossil fuels will continue to play the dominant role in meeting this demand, environmental concerns and rising coal prices have driven the government to strongly promote renewable sources of energy. The wind power market, in particular, has grown rapidly in response to a series of government reforms, and is targeted to provide 10% of China’s electricity by 2020.
China currently has the capacity to produce over 6 GW of wind energy from 343 wind farm installations. Although this constitutes less than 1% of total electricity output, it makes China 5th in the world in terms of wind power production. In response to better-than-expected growth, the government has repeatedly raised its goals for wind energy production, now targeting up to 100 GW of output by 2020. If realized, this would likely position China as the world leader in wind power.
Given the tight supply, foreign component manufacturers have many opportunities in China, especially for those components which Chinese manufactures remain unable to produce. High demand for continuing technology development and ever-larger turbine capacity means many Chinese firms are seeking partners for technology-sharing and cooperative development agreements.
For the full article please go to http://buyusainfo.net/docs/x_983153.pdf
China: Book Publishing
Despite a restrictive environment and rampant copyright infringement, China’s publishing market presents
strong opportunities for foreign companies. In the last ten years, the number of imported book titles more than doubled, while the availability of journals and magazines distributed in the market increased by nearly tenfold, according to Chinese government data. China’s General Administration of Press and Publication (GAPP) reports total sales of books in China reached 123.6 billion RMB in 2006. GAPP data shows total revenue in the book market climbing at a rate around three to four percent per year, others estimate revenue growth as high as ten percent. Some argue these numbers are spurred by participation by the private sector, including foreign firms. Rising incomes in a country thirsty for reading materials also contributes to increasing demand.
Unfortunately, entering the market is challenging. Despite its WTO commitments, China has not yet made full trading and distribution rights available to foreign publishing companies. Foreign firms cannot, of their own accord, import or distribute imported books in China. The right to import books, distribute imported books and publish books is reserved for a group of Chinese state owned companies. Foreign firms wanting to export books to China or publish books on the mainland must do so through the aforementioned companies. However, China does allow foreign firms to sell books and for approved foreign invested enterprises distribute books that are published in China.
For the full article please go to http://buyusainfo.net/docs/x_1491083.pdf
What is China’s Biggest Business Opportunity? |
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What is China’s Biggest Business Opportunity?
Now that the Beijing Olympics are over, where is China headed and where are its best opportunities for foreign investment? The increasing Chinese middle class, estimated at between 100 million to 300 million people depending on one’s definition, has been growing rapidly and is expected to surpass 400 – 500 million by 2015. It is one of the major forces in the Chinese economy already and will be an increasingly influential factor as its members gain purchasing power in coming years.
We already are convinced of China’s future business potential, but we didn’t stop at that. Instead we asked ourselves the question, “If you had USD 20 million to spend – in which industry or sector in China would you put it?” All our consultants from all sectors had roundtable discussions and came up with five themes which they believe offer the best choices for foreign investors, with huge markets in terms of potential size and growth. All are related to the rising middle class.
For the full article, please go to http://www.interchinaconsulting.com/files/biggest_opps_081028_en_final.pdf
Managing your China business during a global downturn |
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With a global recession and domestic downturn in China just commencing, this issue examines lessons learned during the previous Asian Financial Crisis of 1997, SARS and the impact these slowdowns had on foreign invested business in China. We look at managing your cash flow, properly assessing your sales projections, dealing with creditors, and an alternative way to look at the value of the RMB when sourcing. We also examine expanding business elsewhere into Southeast Asia and look at the emerging, and potentially downturn proof markets of Cambodia, India, Laos, Malaysia, Thailand and Vietnam. In our series on China’s second- and third-tier cities, we focus on Liuzhou in Guangxi and Zhanjiang in Guangdong – both key cities in China’s increasing trade connections with the rest of ASEAN.
For the full article, please go to http://www.china-briefing.com/en/archive.php
AmCham-China in Action |
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EVENTS:
Upcoming Events
AmCham-China's Ninth Annual Appreciation Dinner
Celebrating the 30th anniversary of China’s reform and opening
6 PM – 9 PM, Friday, December 5, 2008
China World Hotel
About AmCham-China
The American Chamber of Commerce in the People's Republic of China (AmCham-China) is a non-profit organization which represents US companies and individuals doing business in China. AmCham's membership comprises nearly 2,700 individuals from over 1,100 companies. It has more than 40 industry- and issue-specific forums and committees, offers unique services such as the Business Visa Program, holds a wide range of networking and informational events, and meets with US and Chinese officials to discuss challenges and opportunities facing US firms doing business in China.
The Chamber's mission is to help American companies succeed in China through advocacy, information, networking and business support services. Find out how your firm can benefit from a membership with AmCham-China.
Why choose the Foreign Commercial Service?
FCS offers you the access you need to grow your business in China at an affordable rate. By partnering with FCS, the U.S. Embassy's contacts and expertise are put to work for your business. Knowledgeable Commercial Service specialists and American Trading Center (ATC) representatives can help you contact and set up appointments with Chinese organizations across China. With access to a broad cross-section of contacts including potential agents and distributors, major end-users and key government officials, you will be sure to meet the right people at the right levels to expand your business.
China Pulse is Commercial Service China’s official e-newsletter! Inside you’ll find the latest business news, exciting export opportunities, and inside strategies to help you maximize your success in the China market today!
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