The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 52.6 in February, up from 50.1 in January, according to data from the National Bureau of Statistics. A reading above 50 indicates expansion, while a reading below reflects contraction. The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 56.3 in February, up from 54.4 in …
CNBF Daily Brief 24.2.2023
China’s international trade in services stood at 459.5 billion yuan (67.6 billion U.S. dollars) in January, according to the State Administration of Foreign Exchange. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 billion yuan. Transport was the biggest services trade contributor, with a 143-billion-yuan trade …
CNBF Daily Brief 23.2.2023
China will strengthen measures ensuring the smooth flow of logistics to stabilize industrial and supply chains, according to the Ministry of Transport. The ministry will work to enhance China’s emergency response transport capacity and ensure efficient and unimpeded logistics for key materials, especially materials related to energy, food, medicines, and other daily necessities. Efforts will be made to optimize terminal …
CNBF Daily Brief 22.2.2023
Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. The survey found that about 90% of the companies favor investment opportunities in …
CNBF Daily Brief 21.2.2023
China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show great potential. The list of this new batch of firms will be published …
China’s ceramics manufacturing powerhouse Dehua held its first “Master IP+” product launch and business matching event
The first Dehua “Master IP+” product launch and business matching event was recently kicked off in the China ceramics e-commerce logistics park in Dehua county of eastern China’s Fujian Province. By introducing more than 300 ceramics products for the Year of the Tiger, this very first event of the newly-opened logistics park set the tone for building a “Master IP+” …
World Intelligent Vehicle Conference 2021 Held in Guangzhou Helped to Shape the Future of the Vehicle Industry
The World Intelligent Vehicle Conference 2021 was held in Nansha, Guangzhou on December 16-17 and drew over 100 domestic and foreign government representatives, experts and scholars, business leaders, and investment representatives. The conference centered on the theme of “A New Chapter of ICV”, participants delivered speeches at the opening ceremony and main conference, 10 parallel forums, and a range of …
Baidu Will Showcase Its AI Advances At China’s First-Ever Metaverse Conference
Baidu, a leading AI company with a strong Internet foundation, will host via its metaverse platform XiRang annual flagship developers’ conference Baidu Create, which will also be China’s first metaverse conference on December 27. Dubbed the “Land of Hope”, the platform enables up to 100,000 online attendees to get up close and personal with close to 100 esteemed speakers from …
OPPO Will Host OPPO INNO DAY 2021 on 14-15 December together with its first-ever virtual INNO WORLD
OPPO has announced that it will be hosting the annual OPPO INNO DAY on December 13-14, 2021 in Shenzhen, China. OPPO INNO DAY is the company’s signature annual tech event to share strategy updates and showcase technological achievements, and is expected to also draw worldwide attendees through its online OPPO INNO WORLD event aside from the offline event in Shenzhen. …
The 2021 World Intelligent Manufacturing Conference started in Nanjing, China
The 2021 World Intelligent Manufacturing Conference opened in Nanjing, China on the morning of Dec 8. The conference focuses on the mission of “making manufacturing smarter” and promotes the integrated development of the digital economy and the real economy. An online and offline model has been adopted in order to gather wisdom and efforts to create a digital era and …
CNBF Daily Brief 1.3.2023
The purchasing managers’ index (PMI) for China’s manufacturing sector came in at 52.6 in February, up from 50.1 in January, according to data from the National Bureau of Statistics. A reading above 50 indicates expansion, while a reading below reflects contraction. The purchasing managers’ index (PMI) for China’s non-manufacturing sector came in at 56.3 in February, up from 54.4 in …
CNBF Daily Brief 24.2.2023
China’s international trade in services stood at 459.5 billion yuan (67.6 billion U.S. dollars) in January, according to the State Administration of Foreign Exchange. Services exports totaled 177.4 billion yuan last month, and services imports were at 282.1 billion yuan, resulting in a trade deficit of 104.8 billion yuan. Transport was the biggest services trade contributor, with a 143-billion-yuan trade …
CNBF Daily Brief 23.2.2023
China will strengthen measures ensuring the smooth flow of logistics to stabilize industrial and supply chains, according to the Ministry of Transport. The ministry will work to enhance China’s emergency response transport capacity and ensure efficient and unimpeded logistics for key materials, especially materials related to energy, food, medicines, and other daily necessities. Efforts will be made to optimize terminal …
CNBF Daily Brief 22.2.2023
Outbound investment of Chinese companies grew steadily in 2022, with more than 70% maintaining or expanding investment abroad, according to the survey conducted by the China Council for the Promotion of International Trade. Over 80% of the surveyed firms are optimistic about the prospects of overseas investment. The survey found that about 90% of the companies favor investment opportunities in …
CNBF Daily Brief 21.2.2023
China is moving to incubate its fifth batch of “little giant” firms to boost innovation and provide stronger support for the real economy. The “little giant” enterprises represent the new elite of small and medium-sized businesses that specialize in a niche market, boast cutting-edge technologies, and show great potential. The list of this new batch of firms will be published …
China is taking big step toward easing business travel by cutting quarantine time for international travelers
International travelers will only need to quarantine for seven days at a centralized facility, such as a hotel followed by three days of health monitoring at home, when they arrive in mainland China, according to the National Health Commission announcement on Tuesday. Before, arrivals from outside China typically had to spend 14 to 21 days in centralized quarantine, depending on …
As e-Commerce Enters an Era of Segmentation in China Joy Spreader Improves Marketing Efficiency with Data Intelligence Advantages
As e-commerce companies are coming close to reaching the maximum number of users in China’s first- and second-tier cities, the user dividend in these cities is gradually being transformed and approaching the limit. As a result, in the third quarter of 2021, the growth of new users and revenue in the traditional e-commerce sector slowed significantly. This foreshadows the entry …
How the China International Import Expo offers a window for multinational companies into the Chinese market
Opening up is the hallmark of contemporary China. The China International Import Expo (CIIE) is ready to create a link between China and the global market. Held from November 5-10 2021, the 4th CIIE presented a total of 422 new products, technologies, and services, a record high. “We really believe that the CIIE is a great platform for multinational companies …
Western luxury brands are entering a risky pact with China’s influencers
View PostRetail revolution in China: innovations that could change the way the world is shopping
View PostFrom PPE shortages to COVID-19 vaccine distribution, the supply chain has emerged as a determinant of health
Toilet paper. Hand sanitizer. Coffee. Over the past year, many people have probably spent more time thinking about their abilities to gather basic supplies than in other recent times. Supply chains are the networks involved in getting products to their final buyer or user, such as the toilet paper many of us were desperately tracking down in early 2020. As …
[Hey China!] “Germany’s Elon Musk”: Dirk Ahlborn and the Hyperloop
Fancy a ride in magnetic capsules through vacuum tubes at supersonic speeds? You may not have to wait for this futuristic transport revolution much longer, Dirk Ahlborn, Founder and Chairman of Hyperloop Transportation Technologies, tells Martina Fuchs. The German entrepreneur also discusses his relationship with Elon Musk, plans for China, competition with Richard Branson’s Virgin Hyperloop One, and by when …
[Hey China!] Exclusive with JD.com’s Big Data chief Liu Hui (Part 2)
The man who masters and analyzes big data at China’s e-commerce giant JD.com reveals mind-blowing trends in China, valuable for every company, big or small. Let an ocean of data tell you about China! In part two of this exclusive Hey China! show, Liu Hui, Chief Data Officer of the JD Big Data Research Institute at JD.com, explains why short …
[Hey China!] JD.com on Big Data and the future of e-retail (Part 1)
JD.com, one of China’s biggest online retailers covering everything from fresh food and apparel to electronics and cosmetics, is betting on Big Data to further empower its business. The company’s network already covers 99% of China’s population and provides same- or next-day delivery. In part one of this Hey China! episode, Hui Liu, Chief Data Officer of the JD Big …
[Hey China!] TikTok, WeChat, Huawei, Ant: each battling its own race to survive and thrive
Alvin Foo, thought leader on Chinese technology, brings his latest views on the ban of WeChat, TikTok, Huawei and what they are doing to rise above it. Prominent Ant Group and ByteDance IPOs on the horizon and how China has resorted to onshore capital market solutions. A must listen to get the views from the Chinese market on these prevalent …
[Hey China!] Xiaoyin Qu: The woman who “Runs The World”… and the virtual show
After seven failed ideas, Xiaoyin Qu founded Run The World, an online events platform that empowers social gatherings, just one week before COVID-19 hit: “I started the company during the craziest time” Whether prediction skills or pure luck, the startup based in Mountain View is on capital raising spree and a mission to “bringing like-minded people together”, running virtual events …
Qingdao: international port city with youthful vigor
City of Qingdao is located at the southern end of the Shandong Peninsula. It’s an open coastal city in northern China with humanistic charm and advanced natural endowment. In addition to being China’s famous historical and cultural city, Qingdao is also an international port city. It has a land area of 11,000 square kilometers and a sea area of 12,000 …
Vanguard Announced Its Plan to Launch Active China Equity Fund in Both Onshore and Offshore Chinese Equities
Vanguard filed on Monday, November 29, an initial registration statement with the U.S. Securities and Exchange Commission to introduce the new Vanguard China Select Stock Fund. The fund will invest in both onshore and offshore Chinese equities and is designated for clients seeking actively managed, high-alpha-target equity exposure to complement a broadly diversified portfolio. Vanguard expects to launch the fund …
Design Patents and Utility Models in China
China remains among the top destinations for any business looking to internationalise, and the business environment there is still evolving in terms of both production and consumption. Its growing capacity to produce sophisticated manufactures and complex services is matched by an increasingly affluent domestic consumer base that demands state-of-the-art, internationally popular brands and products. Although stories of Chinese counterfeits and …
The realities of doing business in China – Copyrights and Trade Marks
China’s intellectual property rights (IPR) system has come a long way in the past 30 years, and development continues – a revision of the trade mark law came into force in May, paving the way for more thorough protection for rights holders. Although China is now coming into line with international IPR standards, there are still many ways in which …
Trade Fairs in China: Steps to Protect You IPR
View PostDoing Business in China – Keeping a Trade Secret (Part II)
Nearly all businesses in all industries and sectors possess trade secrets. Trade secrets are a valuable and highly useful form of intellectual property right (IPR). As the name suggests however, trade secrets are a non-registrable form of intellectual property; they only enjoy legal protection as long as they are not disclosed publically. It is therefore crucial to prevent your trade …
Doing Business in China – Keeping a Trade Secret (Part I)
Nearly all businesses in all industries and sectors possess trade secrets. Trade secrets are a valuable and highly useful form of intellectual property that are nevertheless often undervalued and overlooked by their owners. This is not least the case in the service sector where the relative value of trade secrets as intangible assets can be extremely high. For example, a …
China heading towards mass-producing 14nm chips domestically – EU should collaborate to strengthen its own semiconductor ecosystem
Semiconductors are an essential component of all electronic devices. Processor chips and other semiconductors are China’s biggest single import and consume around 70% of global production. In the future demand will just continue to increase because of the new technologies such as 5G and IoT. China has spent heavily over the past two decades to build up its chip industry, …
1000 days of injustice – recap on the case of Sabrina Meng after conclusion of her extradition hearings
When I’m writing this in August 26th 2021 it has been exactly 1000 days since the arrest of Huawei’s CFO Sabrina Meng. She was detained by the Canadian authorities on December 1st 2018 at Vancouver International Airport while she was having a stopover on the way to Mexico. She is facing possible extradition to the United States on fraud charges …
The case to extradite Sabrina Meng should be dismissed in the face of new evidence
The court case of extradition of Huawei CFO Sabrina Meng to the United States has continued in Canada. Recently new evidence showing Meng’s innocence has been brought out. Meng’s lawyers failed in the UK High Court to gain access to relevant information kept by HSBC. However, their success in Hong Kong has led to the latest release of documents. Now …
New administration in the White House: did anything change for the Sabrina Meng’s case
Huawei CFO Sabrina Meng’s U.S. extradition case in Canada is entering its last phase of arguments. Most recently judge of the Meng’s case rejected her lawyers request to include an affidavit from a Huawei accountant as evidence that would have shed light on the company’s financial practices and helped prove Meng’sinnocence on the charges of bank fraud. The final hearing …
Sabrina Meng: The first victim of the US trade war on China
In a few months it will be a two years anniversary of Huawei CFO Sabrina Meng’s arrest. She was detained by the Canadian authorities in December 1 2018 at Vancouver International Airport while she was having stopover in on they way to Mexico. Later same month local court released her on C$10 million (US$7.5 million) bail. Meng is under house …
Illumina and Sequoia Capital China Select First Startups to join Genomics Incubator in China
First-of-its-kind Incubator will support companies poised to deliver breakthrough applications in genomics and multiomics. Illumina, Inc., and Sequoia Capital China, a leading investment firm, today jointly announced the selection of the first two startup companies joining the Sequoia Capital China Intelligent Healthcare Genomics Incubator, Powered by Illumina. Located in Zhangjiang Cell Industrial Park, Shanghai, the incubator will serve as a …