This Blog is also available as an
RSS Feed
Features
- Green Energy Project - Editor, 4 March 2010
- CAFTA: China-ASEAN Free Trade Area - Editor, 8 February 2010
- Very Strong Optimism of Swiss Companies in China - Bernard Hagen, 4 February 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
- Presidents of China and United States Agree On Senior-Level Comprehensive Bilateral Dialogue - Editor, 2 February 2009
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.
Wherever you may travel in the world, your are very likely to find goods in local stores and markets that are stamped "Made in China". But despite this global presence, many of China’s largest and most productive companies have made little or no impact on international markets which favor buying cheap Chinese goods. With the recent establishment of the China-ASEAN Free Trade Area (CAFTA) however, it seems that this is all set to change.
The confidence index of Swiss enterprises in China reaches 80% for doing successful business in the next five years, according to a recent survey of SwissCham China. The recent confidence survey of the Swiss Chinese Chamber of Commerce and cooperating associations among 136 CEOs and decision makers from Western European companies in China yielded very positive results for Swiss enterprises.
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.
Following a telephonic discussion between Chinese President Hu Jintao and United States President Barack Obama on Friday 30 January, it has been revealed that both sides have expressed their interest in strengthening ties between the two countries with regard to political, economic and security issues. As the world grapples with an economic crisis that is having far-reaching consequences, all parties concerned are confident that improved high-level dialogue between the United States and China will be mutually beneficial.
Recent Articles
- CAFTA: China-ASEAN Free Trade Area - Editor, Monday 8 February 2010
- Very Strong Optimism of Swiss Companies in China - Bernard Hagen, Thursday 4 February 2010
- Business and Taxes in China - Editor, Wednesday 6 January 2010
- China-Africa Cooperation Reaps Results - Editor, Friday 6 November 2009
- Jaquet Opens Production Facility in Taicang - Bernard Hagen, Friday 14 August 2009










