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Features
- Trade Pact for China - Editor, 19 August 2010
- Praise for Trade Growth - Editor, 28 July 2010
- China - Abu Dhabi Relationship Develops - Editor, 10 June 2010
- Green Energy Project - Editor, 4 March 2010
- Business and Taxes in China - Editor, 6 January 2010
- China-Africa Cooperation Reaps Results - Editor, 6 November 2009
- Jaquet Opens Production Facility in Taicang - Bernard Hagen, 14 August 2009
The civil war ended in the year 1949, and since then both China and Taiwan have been ruled separately. For just over sixty years, these two countries have been at what can best be described as a stand-off, as they once were great enemies. Now, as new governments and ruling parties are trying to mend bridges, a trade pact has come to the forefront that has raised different opinions and concerns on both sides. But it is felt that the trade agreement will benefit Taiwan and China, and bring a new frontier to the economy of both countries.
China began to move towards a new trade era in 1999, when prohibition limitations on products such as beef, citrus and grain where lifted, which also led to a market-access agreement being made between China and the United States of America. These two major developments in the country started them on a road to become part of the World Trade Organization, whereby market impediments were taken away and tariffs lowered. During 2000, China came to an agreement with the EU and the World Trade Organization, with negotiations concluding in 2001. Since then China has flourished in trade development and growth.
On 31 May 2010, the Sheraton Shanghai Hotel in Pudong hosted the Abu Dhabi and China Economic Forum, where the future relationships between the two countries was discussed and developments in their industrial sectors praised. China has shown growth in their transportation, technology, education, energy, science and telecommunication sectors, while Abu Dhabi has reached great achievements in their transport, renewable energy, steel and infrastructure projects. Another topic that was of major importance to the forum was China’s steel market, as well as its aluminium sectors and oil supply.
With the cost of oil increasing and the fact that the world is taking notice of the damage being done to the earth through greenhouse gases, alternative energy sources are being looked at by many countries. China is in the process of releasing their new project for green energy to the public, in which they hope to increase their renewable energy sources and save costs, as well as supporting the conservation of the environment. They hope to start the construction of the renewable energy plants as soon as possible and are working on a time scale of between five to ten years.
The taxation system in China is somewhat complex and subject to frequent change, and anyone wanting to set up a business in China would do well to hire a local tax consultant. There is an abundance of international and Chinese firms to choose from in Beijing and other major commercial and industrial centers. Tax concessions and exemptions can vary to a large extent on which part of this vast country you decide to set up business. Other variable taxation factors include the industry sector your business will be allocated to and even the legal structure you will make use of in China. If you will be employing workers you would also want to bear in mind that the amount of income tax they will pay is determined by their terms of employment.
Trade between China and Africa has been steadily growing in what is seen as a "win-win" situation in many aspects. With an annual growth rate of 33.5 percent since the year 2000, analysts believe that the strengthening of economic and trade ties between the two parties will continue. In 2008, trade cleared US$106.8 billion, reaching the target of US$100 billion for 2010, that was set at the 2006 Beijing summit of China-Africa Cooperation, a full two years ahead of schedule.
The Swiss Jaquet Technology Group makes the next step in the China expansion with the opening of a new production plant in Taicang. The international company with headquarters in Basel offers a versatile range of solutions for the measurement of speed signal for various industries like automotive, railway, textile and industrial machinery as well as turbine, compressor and turbocharger applications. In Taicang, the Jaquet daughter company “Speed & Spin Sensors Co. Ltd” manufactures products exclusively designed for the Chinese market. “The new facility, located only 60 kilometres from Shanghai, comprises 1.500 square meters. 14 employees work here”, explains Suzy Weingarten, Jaquet Managing Director China.
Recent Articles
- Praise for Trade Growth - Editor, Wednesday 28 July 2010
- China - Abu Dhabi Relationship Develops - Editor, Thursday 10 June 2010
- Green Energy Project - Editor, Thursday 4 March 2010
- Business and Taxes in China - Editor, Wednesday 6 January 2010
- China-Africa Cooperation Reaps Results - Editor, Friday 6 November 2009











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