Tag Archives: Shanghai

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Video: China likes to attract more Swedish buyers and sellors to “Canton Fair” and Shanghai CIIE Fair

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By Xuefei Chen Axelsson

STOCKHOLM, Sept. 14(Greenpost) — China Import&Export Trade Fair and China International Import Expo promotion conference has been held in Stockholm.

 

Zhang Qiaozhen, President of Sweden-China Entrepreneur Association and focal person in Nordic Innovation Center made a welcome remark.

“Over the past 61 years, Canton Fair has been a grand international fair growing up along with New China and a witness for China’s reform and opening up.  ”

Zhang Qiaozhen said over the past decade, Canton Fair has strengthened China and the World’s Trade relations and become the first promotion platform for foreign trade.

Sweden-China Entrepreneur Association is an organization that serves as a bridge between Nordic enterprises and enterprises and government in information exchange, mutual help and cooperation and win-win.  “We shall help those companies that are suitable to develop in China to find partners in China and even help them find funding and provide marketing solutions.  Canton Fair is a good platform for you to go to China and Asian market.”

 

Han Xiaodong, counselor at the Chinese Embassay in Sweden said Sweden has seen surplus in trade with China. This implies that Chinese people have a strong demand of Swedish goods. He welcomes Swedish enterprises to attend the Canton Fair and China International Import and Export Fair.

 

Elisabet Söderstrom, Secretary of Sweden-China Trade Council said at the conference that although there are many media in the society, there is still the need to meet face to face.  Canton Fair and China International Import and Export Fair. She said that Huawei and Volvo are actually also their members.

 

Fredrik Uddenfeldt, Director of Asia Region in Invest Sweden said trade between China and Sweden has increased a lot. Sweden has exported more products to China than to America. Sweden’s enterprises in China also see increases in a number of over 100. China’s manufacturing industry are the best and some products are even better than that in Europe.  So he encouraged enterprises to go to China to attend the two fairs.

 

Lena Miranda, Chairman of Sweden Incubater and CEO of Jönköping Incubater said that it is time for both Sweden and China to do real businesses, it is not just a visit, but do real business.  Canton Fair and CIIE are good platform for businesses.

 

Ye Jijiang, Vice Chairman of China Foreign Trade Center finally made a promotion about Canton Fair and CIIE.

“China is melting into the world and the world also needs China. Over the past 61 years, one can see that Canton Fair is one of the most professional trade fair platform. ”

With the 123 fairs over 61 years, China has become the largest export freight trade country.  Canton fair has become the largest fair in the world. During the Spring Fair, a total of 667 Swedish attended the fair among 203346 people.

The 124 fair will be held in Canton between Mid October and Nov. 4.  Ye Jijiang welcome all the Swedish entrepreneurs to attend the fairs.

Moreover, Nov. 5-10, China International Import Expo  will be held in Shanghai, with 2800 enterprises from 130 countries and regions being registered.

The CIIE will be a great platform for bilateral trade.

The two sides also held a small scale close door meeting before the conference.

Over 100 Swedish entrepreneurs and Swedish-Chinese entrepreneurs attended the conference to exchange ideas and shared information。

Photo and Text Xuefei Chen Axelsson.

Business, China, Energy, Exchange, Green-tech, News, Scientific Research, World News

China International Import Expo CIIE to be held in Shanghai on Nov. 5-10

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By Xuefei Chen Axelsson

STOCKHOLM, Jan. 30 (Greenpost) — China International Import Expo is to be held in Shanghai during November 5-10, 2018, said Wang Dongtang, Deputy Director General of Department of Foreign Trade of Ministry of Commerce.

He made the remark during a presentation in Stockholm about the November expo.

Wang said it was Chinese President Xi Jinping proposed the expo during last year’s belt and road summit in Beijing. The purpose is to provide chances for foreign exporters to sell in China.

China will invite all the buyers home and abroad to attend the expo and buy the products and services in order to balance the Sino-foreign trade.

Wang said the expo will provide a good platform for the important exporters and importers to make a deal efficiently to balance the world trade.

Han Xiaodong, Chinese counselor of Commerce at the Chinese Embassy in Sweden said it was for the first time that Swedish export to China to reach surplus in 2017.  This means Swedish products are welcomed in China.

Elizabeth Soderstrom, Secretary General of Sweden-China Trade Council also attended the presentation and express good luck to the expo.

Over a hundred entrepreneurs, CEOs and government attended the route presentation of China International Import Expo.

Photo&Text  Xuefei Chen Axelsson

Business, China, Energy, Environment, Green-tech

China rolls out new policies to encourage innovation

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    BEIJING, March 30 (Xinhua) — China’s State Council on Wednesday announced a string of new policies to encourage innovation as the country seeks to foster new engines for growth.
China will set up three new “national innovation demonstration zones” in the provinces of Henan, Shandong and Liaoning, bringing the number of such areas to 14, according to a statement issued after a State Council  meeting chaired by Premier Li Keqiang.
The zones, including Beijing’s Zhongguancun, known as “China’s Silicon Valley,” and Shanghai’s Zhangjiang high tech zone, have been created to pilot new ideas and development models for use nationwide.
Expansion of the program is aimed at fostering trailblazers for China’s economic restructuring and transformation, according to the statement.
The State Council will test innovative reforms in China’s financial hub of Shanghai over three years, including exploring new financial service models and simplifying foreign investment rules.
Government intervention will be further reduced to create an amicable environment for business start-ups and innovation, the State Council pledged.
To boost employment and sustain growth, the Chinese government has stressed the role of innovation and entrepreneurship in its 13th five-year plan. A wide range of measures has been unveiled, including financial support, facility construction and administrative assistance, for start-ups.
At Wednesday’s meeting, the council also decided to foster city clusters centered around Chengdu and Chongqing to stimulate economic potential in western regions.  Enditem

Business, China

Shanghai eyes progress in smart manufacturing

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BEIJING, Aug. 24 (Xinhua) — Shanghai’s Economic and Information Technology Commission issued a guideline on Tuesday on pushing forward development of the smart manufacturing sector, reported Xinhua-run cnstock.com.

By 2020, an array of smart manufacturing factories is expected to be set up across Shanghai to better coordinate with the country’s Made in China 2025 plan, a ten-year national plan designed to transform China from a manufacturing giant into a world manufacturing power.

The city will accelerate construction of key platforms including a robot testing and assessment center and a robot quality supervision and inspection center, as well as several national level innovation centers and information security supervision platforms.

Leading A-share manufacturing enterprises in Shanghai including Baoshan Iron & Steel (600019.SH), Shanghai East-China Computer (600850.SH) and Shanghai Mechanical & Electrical Industry (600835.SH) are expected to benefit from the city’s booming smart manufacture sector. Enditem

 

Business, China, News

China becomes globally largest gold spot trading market for eight years running: SGE

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China becomes globally largest gold spot trading market for eight years running: SGE

 

SHANGHAI, July 9 (Greenpost) — China has become the globally largest spot trading market of gold for the eighth consecutive year, according to the Shanghai Gold Exchange (SGE) on Thursday.

The SGE data shows that transaction volume in the bourse increased by 151 percent year on year in the first half of 2015. In a breakdown, the SGE’s gold transactions jumped 166 percent year on year to 17,520 metric tons (tonnes), and silver transactions surged 151 percent year on year to 380,000 tonnes.

The international board of the SGE has so far seen accumulative gold transactions stand at 4,764 tonnes and silver transactions stand at 525 tonnes.

The SGE launched the gold international trading board on September 18, 2014. It is the first international financial asset transaction platform launched in the Shanghai free trade zone (FTZ).

As the only legal gold spot trading market in China approved by the country’s central bank, the SGE has become the global largest gold spot trading on-floor bourse for the eighth consecutive year. Rankings of its gold and silver transactions among global exchanges have increased continuously, said an official of the SGE. Enditem

Source Xinhua

Editor Xuefei Chen Axelsson

Business, China, Exchange, Indepth, News, World News

China Focus: Chinese capital market accelerates deploying offshore RMB business

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China Focus: Chinese capital market accelerates deploying offshore RMB business

 

BEIJING, May 27 (Greenpost) — Shanghai Stock Exchange (SSE), China Financial Futures Exchange (CFFEX) and Deutsche Bourse Group signed a strategic agreement on Wednesday to jointly initiate an offshore RMB financial instrument trading platform in Frankfurt, Germany, SSE said in a statement Wednesday.

Prior to this, the People’s Bank of China (PBOC), the central bank, just expanded its pilot of RMB qualified foreign institutional investors (RQFII) to Chile on Monday, granting it a quota of 50 billion yuan (8 billion U.S. dollars).

Further more, officials from China’s securities regulator also disclosed that China will officially launch the Shenzhen-Hong Kong stock connect program in the second half of this year.

All signs show that China’s domestic capital market is speeding up deploying the offshore RMB business.

According to the strategic cooperation agreement of the three parties, they will incorporate a joint venture in Germany as the operator for the platform, said the statement.

The SSE, CFFEX and Deutsche Bourse will hold a stake of 40 percent, 20 percent and 40 percent in the new company, respectively.

The main functions of the company are to make R&D for offshore RMB-denominated securities and derivatives products and provide trading spot for these products, it said.

The new company is expected to start operation in the fourth quarter of 2015.

Dr. Gui Minjie, president of the SSE, expressed that the establishment of the platform will help promote the two-way opening up of China’s capital market, enrich investment tools for offshore RMB markets, and promote the RMB internationalization.

As a matter of fact, this is not the first time for China’s domestic capital market to cast its eye on massive offshore RMB markets.

In early 2012, a number of RQFII funds made their debut in Hong Kong and offered a back-flow channel for offshore RMB there, which marked the start of RQFII program.

The RQFII program keeps expanding, having lured 13 countries and regions to pilot the business after Chile’s entrance, with investment quota topping one trillion yuan.

On November 17, the Shanghai-Hong Kong stock connect program was officially kicked off, and over half of the 300-billion-yuan quota for the program has been used.

The launch of similar program in Shenzhen means the RMB will have a smoother investment and backflow channel.

Notably, the size of offshore RMB posted about a ten percent drop from a year earlier in the first quarter of this year due to the strong performance of the US dollar, which will not last long in the view of experts.

A report by the Deutsche Bank predicts the size of offshore RMB deposits will rebound as from April, will reach 3.25 trillion yuan by the end of this year, up 30 percent year on year.

Some scholars hold that RMB internationalization has become a key strategy for the opening up of China’s economy and financial industry.

Besides accumulating offshore RMB pool via trade and investment, desirable investment products and places are also needed for offshore RMB.

Therefore, China domestic capital’s deployment of offshore RMB markets will help further improve RMB’s international position. Enditem

Source Xinhua

Editor   Xuefei Chen Axelsson

Business, China, News, World News

Direct air route between Milan and Shanghai inaugurated

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Direct air route between Milan and Shanghai inaugurated

 

Stockholm, June 2(Greenpost) — Italian airline company Alitalia on Friday launched a direct route between Milan and Chinese megacity Shanghai, in an effort to attract more Chinese tourists to the 2015 expo.

The Airbus 330 aircraft, which has 250 seats, will fly three round-trips each week between the two cities.

The Milan Expo 2015 kicked off on Friday, and will last until the end of October. Italian embassy in Beijing has shorten the visa processing time for Chinese tourists to attract more people to the Expo. Enditem

Xinhua Source

Editor  Xuefei Chen Axelsson