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Trade
- Expo 2010 Shanghai - Editor, 17 December 2009
- Swiss Technologies Participate in China’s Infrastructure Development - Bernard Hagen, 13 October 2009
- China Clicks onto Online Shopping - Editor, 20 July 2009
- New Policy Initiatives Aim to Boost Exports - Editor, 1 June 2009
- China Voices Concerns Regarding Trade Protectionism - Editor, 16 February 2009
- Premier Wen Jiabao On Tie-Strengthening Visit To EU - Editor, 26 January 2009
- 2008 Trade Surplus Hits Record High - Editor, 5 January 2009
Starting on May 1 and running through to October 31, Expo 2010 Shanghai has as its theme “Better City, Better Life”, drawing attention to the fact that all over the world humankind has a desire for better living conditions. It is estimated that in the early 1800s around 2 percent of the global population lived in cities, a situation which has changed dramatically, with the United Nations estimating that by 2010 at least 55 percent of the global population will be living in urban areas. Faced with the continual shift toward urbanization, the international community recognizes the need for future policy making, sustainable development and urban strategies.
Railways, airports, hospitals, schools – China is increasing its investments in infrastructure development sharply. Many Swiss companies are already benefiting and more can play an active role in projects related to environmental technologies. In August, Swiss exports to China went up by 19.4% year-on-year, while those to the EU declined by 13.7%
China has not escaped the global financial crisis which has had an impact on its export market. To counteract this negative effect, China's manufacturers, retailers and other suppliers have turned their attention to the domestic market to make up losses, with some measure of success. Recent reports, however, indicate that a growing number of China's internet users are discovering the joys, and endless variety, of online shopping. Data released by the China Internet Network Information Center (CNNIC) revealed that the number of China’s online shoppers reached 87.88 million by the end of June 2009, reflecting an increased of 18.9 percent for January to June, as measured against the same period last year.
As the fifth month of 2009 drew to a close, China's authorities revealed new policy initiatives aimed at boosting exports which are suffering due to the global financial crisis. Features of the new policy initiatives include tax breaks, expanded credit insurance and more accessible financial aid. China's State Council also noted that the country will keep the yuan fundamentally stable and at a balanced level in order to ensure that exporters are not adversely affected by exchange rate risks. However, a high yuan will inevitably make goods from China more expensive which, in turn, is likely to prove detrimental to exports.
January saw the fourth consecutive monthly decline in foreign direct investment in China as companies cut back further on spending in an attempt to weather the global financial crisis. The commerce ministry noted that investment fell to $7.54 billion from a year earlier, representing a decline of 32.6 percent. While foreign multinational companies still see China in a favorable light, the economic situation is such that there is no spare money to invest, resulting in thousands of toy and electronics manufacturers in China being forced to close their doors.
With the spiraling global financial crisis high on his agenda, China’s Premier Wen Jiabao will be spending a week in Europe starting with the World Economic Forum in Davis, Switzerland on 27-28 January. From there the Premier will travel to Germany, followed by a visit to the headquarters of the European Union in Brussels, before heading for Spain and concluding his trip with a visit to Britain.
China’s state-owned Xinhau News Agency has reported that the country’s trade surplus for 2008 is likely to exceed US$290 billion, with total foreign trade reaching US$2.55 trillion, reflecting an increase of 18 percent over 2007. This information was released by China’s General Administration of Customs and is seen by experts as encouraging, especially in light of the economic downturn being experienced virtually on a global scale.
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
- Expo 2010 Shanghai - Editor, Thursday 17 December 2009
- Conclusion of ECFA with Taiwan on the Horizon - Editor, Tuesday 24 November 2009










