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  15% of Chinese export companies affected by foreign technolo

  文章来源: 文章作者: 发布时间:2007-07-14 02:31 字体: [大 中 小]  进入论坛

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  Chinanews, Beijing, July 13 –Foreign countries' technology barriers on Chinese exporters begin to make their negative impacts felt now. According to a recent survey by the of Commerce, Chinese export volume is greatly as foreign countries impose technology barriers on them. Some Chinese companies have suffered a direct loss while other companies have seen their production costs increasing greatly, said Zhang Xiang Chen, director of the World Trade Department under the Ministry of Commerce.

  Information shows that in 2006, about 15% of Chinese export companies suffered from foreign countries’ technology barriers, which caused 75.8 billion US dollars of direct loss, up 9.7% compared with last year. These technology barriers increased Chinese exporters’ production costs by 26.2 billion US dollars, up 21% from last year.

  Among all industrial , the food, native products and products industry suffered on the largest scale, with 36% exporters in this industrial being affected, which led to a direct loss of 4.3 billion US dollars. Hi-tech electromachinery industry suffered most seriously. In this industry, foreign countries’ technology barriers caused 46.2 billion US dollars of direct loss, for 61% of all direct losses that year. Most exporters that suffered from overseas barriers are located in Shenzhen, Guangdong, Jiangsu, Shanghai and Zhejiang, where export accounts for a great part of the local economy. In recent years, the United States and European countries imposed less technological barriers on China compared with previous years, while more pressure came from China’s neighboring countries like Japan and South Korea.

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  上一篇:MOC to establish policies help build overseas economic zones 下一篇:Hot money influx is 'cooling down'

  Hot money influx is 'cooling down'

  文章来源: 文章作者: 发布时间:2007-07-14 02:32 字体: [大 中 小]  进入论坛

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  July 13 - The of money from overseas, or hot money, into China's stock market is showing signs of slowdown thanks to recent cooling-down measures by the government, said.

  The increase in foreign exchange reserves not attributed to trade surplus or foreign direct investment declined from billion in the first quarter to billion in the second quarter, according to data from investment bank Lehman Brothers and CEIC, an international financial information provider.

  China registered a rise in foreign exchange reserves of 1 billion in the second quarter. Despite its high percentage in annualized terms, the actual amount is less than the 6 billion that China earned in the first quarter.

  The change "suggests that hot money inflows may be slowing," Sun Mingchun, vice-president and Asia of Lehman Brothers Asia Ltd, told China Daily yesterday.

  He attributed it to strict checks by the government on illegal capital inflows and slow trading in the market since the rise in the stamp tax on stock transactions in early June.

  The hot money may now go to Hong Kong or other markets to seek better investment returns, Sun said.

  In another development, the State Administration of Foreign Exchange (SAFE) repeated its call yesterday to control illegal capital inflows, or money going into the stock or real estate markets betting on the yuan's , under the of trade payment or direct investment.

  "The regulatory authorities will continuously strengthen monitoring and administration of cross-border flows of funds, and block the inflow of foreign capital on trade claims," said a statement posted on the SAFE website yesterday.

  Sun of Lehman Brothers said that the government should publish the results of the and companies violating the regulations, "to prevent more companies from following suit".

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  上一篇:15% of Chinese export companies affected by foreign technolo 下一篇:Beijing has its own shopping season

  Beijing has its own shopping season

  文章来源: 文章作者: 发布时间:2007-07-14 02:33 字体: [大 中 小]  进入论坛

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  Chinanews, Beijing, July 13 – With Paris, New York, London and Hong Kong launching their own shopping season events, Beijing is going to have a shopping season of its own. Starting from August 9, about 300 shops in Beijing will join in the city's first shopping season event, the Beijing Business Today reported.

  Beijing is aiming to make the shopping season become the fifth largest shopping festival in the world. With this event, the city will try to set a time so that all the shops in Beijing will promote sales at the same time, said Lu Yan, director general of the Beijing Municipal Bureau of Commerce.

  In the past, every shop in Beijing made up their own strategies to promote sales. As price wars became intense, these shops began to adopt other strategies, such as round-the-clock shopping, super discounts offer and the offer of shopping , to further promoted their sales. However, it turned out that these strategies did not arise customers' interest for buying. On the contrary, consumers got tired of the complicated sales tricks.

  “As every shop promotes their sales individually, the whole industry actually loses money. The total sales volume in the market is reduced,” said Lu.

  Compared with the other world cities, business activities in Beijing are small and not integral. This time, Beijing has launched its own shopping season event. With this event, all shops will act together to adopt a unified discount level to boost sales. It is hoped that we can better regulate ' marketing activities, Lu said.

  “If such method proves successful, all the retailers in Beijing can promote their sales at the same time. As more and more retailers join in the event, customers will surely benefit more from such event, too,” Lu .

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  上一篇:Hot money influx is 'cooling down' 下一篇:Hang Seng reaches all-time high

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