Employees work at a garment production facility in Fuzhou, Fujian province, in March. [XIE GUIMING/FOR CHINA DAILY] Exports by China’s small and medium-sized enterprises remained in positive territory in July, with the purchasing managers’ index for the sector above a threshold separating expansion from contraction, according to an industry report. The PMI for SMEs (B2B) … Continue reading SME exports remain on steady track in July
Tag: foreign
Foreign firms enthusiastic about opening-up progress
(From left to right) Ian Shih, president of Rockwell Automation China; Emon Zaman, senior vice-president and head of Asia Pacific at Aveva; Tetsuro Homma, executive vice-president of Panasonic Holdings Corp; Daniel Aylmer, CEO of IHG Greater China. [Photo provided to China Daily] Editor’s Note: These interviews with CEOs of major foreign firms gauge their outlook for the Chinese economy, … Continue reading Foreign firms enthusiastic about opening-up progress
Reform seen aiding stock market’s long-term development, stability
A view of the headquarters of the China Securities Regulatory Commission in Beijing.[Photo/China Daily] The long-term trend of the A-share market’s sound development remains unchanged as the central regulators deepen capital market reform to ensure market stability and fair trading, said experts. In a meeting on Monday, the China Securities Regulatory Commission, the country’s top … Continue reading Reform seen aiding stock market’s long-term development, stability
Big-ticket SOE buying boon for foreign firms
A cashier at a bank in Taiyuan, Shanxi province counts renminbi notes. [Photo/China News Service] Big-ticket investments in new equipment by China’s centrally administered State-owned enterprises will create fresh growth points for both domestic private firms and foreign companies alike, said experts and business leaders, stressing that all participants share entwined interests and great economic … Continue reading Big-ticket SOE buying boon for foreign firms
China gives foreign companies equal support in equipment renewal, consumer goods trade-ins
The skyline of Beijing. [Photo/VCG] BEIJING – China provides equal support to domestic and foreign enterprises in participating in the large-scale renewal of equipment and the trade-ins of consumer goods, Vice-Commerce Minister Ling Ji said on Wednesday. The country has made the strategic decision to promote a new round of large-scale equipment renewal and consumer … Continue reading China gives foreign companies equal support in equipment renewal, consumer goods trade-ins
Manufacturers up investments in services trade
Visitors check out imported products at a trade expo in Langfang, Hebei province, in June. WANG MIN/XINHUA When Loctek Ergonomic Technology Corp, a Ningbo, Zhejiang province-based office products manufacturer, launched its first self-owned container vessel with a capacity of 1,800 TEUs (twenty-foot equivalent units) last April, its goal was to reduce shipping costs and meet … Continue reading Manufacturers up investments in services trade
Tesla rolls into Jiangsu tenders, sparks buzz on future orders
A view of the booth of Tesla Inc during an expo in Shanghai. [Photo/CHINA DAILY] Tesla Inc and other foreign brands are expected to participate in government procurement across China as the US electric vehicle giant has been included on a local government procurement list for the first time, said experts and industry insiders on … Continue reading Tesla rolls into Jiangsu tenders, sparks buzz on future orders
Epson banks on local ties for expansion
Epson’s booth at the fifth China International Import Expo. [Photo/VCG] Seiko Epson Corp will intensify efforts to expand its presence in China by strengthening cooperation with local partners, and plans to offer more environmentally friendly products in the world’s second-largest economy, a senior executive of the Japanese electronics company said. Tetsuya Iwasaki, CEO of Epson … Continue reading Epson banks on local ties for expansion
MNCs show confidence in Tianjin with investments
A glance at a production line of FAW-Volkswagen in Tianjin. [Photo provided to chinadaily.com.cn] A surge in foreign investment recorded in the coastal city of Tianjin reflects the confidence of multinational corporations in the Chinese market, officials and experts said. On Wednesday, US-based pet food company Mars and Sino-German joint venture FAW-Volkswagen announced new investments … Continue reading MNCs show confidence in Tianjin with investments
China seen continuing to cut US debt holdings
A teller counts and arranges dollar notes at an Agricultural Bank of China branch in Qionghai, Hainan province. [Photo/China Daily] China is likely to continue to reduce the share of United States debt in its overall foreign exchange reserves as it ramps up efforts to diversify foreign asset portfolios to reduce risk exposure, experts said … Continue reading China seen continuing to cut US debt holdings