Welcome to the September 2009 edition of China Pulse, the newsletter for the U.S. Commercial Service in China ("CS China"). CS China offers you the resources you need to grow your business in China. By partnering with CS China, the U.S. Embassy's and the Consulates' 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. Our customer service team can help you identify top regional markets and opportunities to export your product to China. Set up an appointment with with customer service team.
Upcoming from Sinoversity in August:
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CIEME 2009
September 1-5, 2009 (Shenyang)
The 8th China International Equipment Manufacturing Exposition (CIEME) is a state-approved exposition that focuses on such areas as metal cutting equipment, aviation and aerospace technology equipment and accessories, industry automation, and general equipment
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BIBF 2009
September 3-7, 2009 (Beijing)
The 16th Beijing International Book Fair is focused on books, printing, periodicals, and electronic publications.
www.bibf.net
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China Coal & Mining Expo
October 27-30, 2009 (Beijing)
China’s 13th International Technology Exchange & Equipment Exhibition on Coal & Mining is China’s longest running tradeshow.
www.chinaminexpo.com/jieshao/index.asp
Energy Giants of China and the US Sign a Memorandum of Cooperation to Explore Development of Clean Energy Hand in Hand
China Huaneng Group and the US Duke Energy signed a memorandum of cooperation Diaoyutai State Guesthouse in Beijing, planning to jointly develop a variety of renewable energy and clean energy technology, enhancing the capacity to address climate change. This is one of the practical cooperation between China and the US energy enterprises since the signing of Sino-US 10-Year Framework for Energy and Environment Cooperation in 2008.
By CTR http://www.ctrchina.cn/ctrchina/en/
China Plan the Energy-saving Environmental Protection Industry
To cope with the international financial crisis, accelerate the development of emerging industries, seize the commanding point in the future economic competitiveness, National Development and Reform Commission is stepping up efforts to develop "Energy-saving Environmental Protection Industry Development Plan", "Opinions On The Development of The Energy-saving Lighting Semiconductor Industry". At present, the Development and Reform Commission has begun on the above planning consultation with the relevant.
Energy saving and environmental protection industries, including energy conservation, resource recycling and environmental protection, energy saving and environmental protection technology and related equipment, products and services.
In addition, to promote China's the energy-saving lighting semiconductor industry healthy development, National Development and Reform Commission is studying relevant policies and approaches.
By Ramrayt Co. http://www.ramrayt.com
New China Market Research |
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China: Airport Security Development
China will spend USD64 billion to build 97 new airports throughout the country by 2020, the ambitious plan will nearly double the number of airports available for commercial use to 244 by 2020, up from 147 at the end of 2006. Over the next twenty years, China predicts that its air transportation passenger volume will grow 8.5 percent annually, becoming the world’s second-largest aviation market. Rapid airport construction, a continuing influx of international tourists into China driven by the ever-present threat of terrorism, and the growing need to provide safety to air passengers, have led the national level General Administration of Civil Aviation of China (CAAC) to place greater emphasis on the integration of effective security planning as part of the nation’s aviation sector development. The airport security equipment market is projected to grow substantially.
For the full report, please go to http://www.buyusainfo.net/docs/x_833741.pdf
China: Cosmetics and Toiletries
China’s cosmetic market has been expanding rapidly over the past 20 years. Despite this significant growth, China’s cosmetic consumption is still far from saturation, and the country is expected to remain a dynamic market. Nationwide sales are expected to grow at an average of 10 percent in the years ahead according to the China Association of Fragrance Flavor and Cosmetic Industry.
For the full Report, please go to http://www.buyusainfo.net/docs/x_2814840.pdf
For other Market Research Reports, search the Market Research Library.
Opportunities in China's healthcare
industry - medical devices
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China's healthcare industry has been dramatically improving in recent years, however, coverage is not homogenous and large service quality gaps exist between regions and/or cities (i.e. urban vs. rural). However, there is continued focus and effort to improve China's healthcare industry, which is creating significant opportunities for some foreign medical device suppliers.
Three key factors that influence opportunities in China's healthcare industry are:
- China's growing medical needs - China's population is aging, with an estimated 198 million people expected to be over the age of 65 by the year 2025; this will create significant demand for medical services and devices
- Recent medical reforms - the Chinese government is continually reforming and improving healthcare systems. Recently the government launched a program to enhance the public healthcare sector in order to lower patient costs and improve access to all of China's population by 2011
- Rising demand for foreign medical equipment - demand for high quality healthcare services requiring advanced equipment is increasing; domestic producers are not necessarily able to meet demand for precision equipment, thus creating opportunities for foreign suppliers
Although opportunities exist and industry growth is positive, companies considering entering the market will face specific challenges. Therefore, it is important that companies understand key factors in their specific market such as hospital procurement policies, geographic analysis, and competitor analysis.
Please go to www.jlj.com for more information
U.S. Businesses, China and the
Foreign Corrupt Practices Act
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The 1988 Trade Act by the United States Congress directed the U.S. Attorney General to provide guidance to potential exporters and small business regarding the Foreign Corrupt Practices Act of 1977, an act all U.S. businesses operating in China need to be familiar with.
The FCPA prohibits the "corrupt" payment of money or bribes to foreign officials for the purpose of keeping or maintaining business. The FCPA also links in with several other U.S. acts, providing for federal prosecution of violations of state commercial bribery statutes. The FCPA requires U.S. listed companies to meet their accounting provisions, which are designed to operate in parallel with the anti-bribery provisions of the FCPA and require corporations to make and keep books and records that accurately and fairly reflect the transactions of the corporation and to devise and maintain an adequate system of internal accounting controls.
The basic requirements of the FCPA are fairly straightforward. Rather, it is the cultural traditions and the common business practices that lend a layer of complexity to enforcement of the FCPA with respect to business done in the People's Republic of China. While some business practices may be considered entirely acceptable, or even expected, in the course of doing business in China, these practices can often be a violation of the FCPA and are subject to steep fines and jail time in the United States. Companies subject to the FCPA may find themselves faced with making the decision between losing business and violating the FCPA. Violators face the prospect of criminal sanctions, civil sanctions, and injunctions. Criminal sanctions against corporations and other entities can exceed fines of one million dollars. Sanctions against individuals may reach five years in prison and fines of one hundred thousand dollar.
American companies hoping to retain business in China, as well as American companies with the desire to enter the market, face an imperfect and dubious business environment with respect to the FCPA. However, with meticulous planning, careful oversight, and the proper tools violations of the FCPA can be avoided. The mounting prominence of China's position in the world markets is undeniable. Certainly the benefits of investment in China far outweigh the risks presented by the FCPA, so long as the proper precautions are taken. With an annual growth in the GDP of 9 percent for the last 26 years and an increasingly attractive environment for foreign direct investment, foreign companies cannot afford to ignore the opportunities for investment. However, companies subject to the FCPA must be aware of several particular risks that are posed by doing business in China.
A potential violation of the FCPA would include the following elements:
- An act by an individual, corporation, or other business "covered" by the FCPA
- An offer to give something of "value"
- To a "foreign official"
- With "corrupt" intent
- To "obtain or retain business"
There are two categories of "persons" under the FCPA: issuers and domestic concerns. An issuer is essentially a listed company that has filing requirements with the Securities Exchange Commission - the enforcing agent with respect to FCPA for issuers. A domestic concern is an individual or any form of business organization not registered with the SEC. The U.S. Department of Justice has enforcement responsibility with respect to domestic concerns. As defined by the Justice Department, the FCPA potentially applies to "any individual, firm, officer, director, employee or agent of a firm, and any stockholder acting on behalf of a firm." It is vital that individuals or companies considering doing business or currently doing business in China understand that they are likely subject to the standards of the FCPA.
With respect to an offer to give something of value, there is no materiality to this act. It is illegal to offer anything of value as a bribe, including cash or non-cash items. Any promise, offer, or authorization of payment for the purposes of persuading a government official to aid in obtaining or retaining business is prohibited. The actual payment does not need to be successful; rather it is the mere intent to bribe that violates the FCPA. In addition, non-monetary gifts, entertainment expenses, and travel expenses are also prohibited.
For full article please go to http://www.china-briefing.com/article/u.s.-businesses,-china-the-foreign-corrupt-practices-act-655.html
The American Chambers of Commerce in China |
SAVE THE DATE: AmCham-China Charity Ball
SME Success Stories |
Senator Bill Nelson Meets with AmCham Shanghai
Greentech: A Call to Action
AmCham Shanghai’s 7th Annual Charity Golf Tournament |
2009 AmCham South China CIFIT Delegation
AmCham HR Committee Meeting in Shenzhen
AmCham U.S. Consul General Welcome Dinner in Shenzhen
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AmCham-China Now More Than Ever is Your Critical Business Resource
AmCham-China means business and, especially for small and medium-sized enterprises (SMEs), joining AmCham-China now is a great value. SMEs joining AmCham-China by June 30, 2009 receive a promotional package worth RMB 6,600. For detailed information, please call (8610) 8519-0800 or email promo@amchamchina.org. Click here to complete our online application now
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The American Chamber of Commerce in Shanghai, known as the “Voice of American Business” in China, is the largest and fastest growing American Chamber in the Asia Pacific region.
AmCham Shanghai’s mission is to support the success of our members by promoting a healthy business environment in China, strengthening U.S.-China commercial ties and providing high-quality business information and resources. Visit our membership page on he AmCham Shanghai website to find out how you and your company can benefit. |
The American Chamber of Commerce in South China is a non-partisan, non-profit business organization, certified in 1995 by the U.S. Chamber of Commerce in Washington D.C. AmCham South China represents more than 1,200 American and International companies doing business in South China.
For more membership information please visit our members page. |
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CS China offers the resources you need to grow your business in China. By partnering with CS China, the U.S. Embassy's and the Consulates' 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. Our customer service team can help you identify top regional markets and opportunities to export your product to China. Set up an appointment with with customer service team.
China Pulse is Commercial Service China’s official e-newsletter! Inside you will find the latest business news, exciting export opportunities, and inside strategies to help you maximize your success in the China market today! Subscribe to the China Pulse.
For companies interested in providing content for this newsletter or for distribution at events, please contact us by email at chinabic@mail.doc.gov.
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