Consumer price inflation up to 4.8% is being controlled and monitored regularly .
Fiscal policy shift from 'hard' to 'social' infrastructure is working
Property price rise of 12.8% although property bubble dampening measures already implemented and working . Prices controlled and now discounts being given , in major cities .
Monthly trade surplus of US$1.68 billion for April after deficit of US$7.2 billion in March
Exported goods rose by 30.5% to US$119.9 billion; imported goods by 49.7% to US$118.2 billion
Robust domestic demand, higher commodity prices and surging auto imports key growth drivers
Strengthening US$ , but no growth USA economy will see Chinese RMB moving to peg against other currencies . The NEW RMB agreement to Trade RMB globally is going to increase each year as the rmb increases it world stake in the world economy .
.China Analysis Fourth Plenary Session, 11th National People’s Congress A Review Of Key Issues From The 2011 meeting.
With its new five-year plan, unveiled in March, the Chinese government is hoping to challenge the dominance of Western technology. The plan focuses on seven strategic industries, into which it could plough as much as $1.5 trillion (£921bn) in the hope of kick-starting the economy's move up the value chain.
Some of the highlights include: high-efficiency, energy-saving technologies, cloud computing, bio-technology, high-end manufacturing including aerospace, smart grids, advanced materials and composites, and electric cars.
While China's market looks ever more attractive to foreign companies (total retail sales are expected to hit $10 trillion in 2020, equalling those of the eurozone), it may become even harder to break into as Chinese competitors stake out their own claims to their home markets.
However, Chinese firms are actively looking to acquire the knowledge they need from abroad, which presents opportunities for nimble British companies prepared to take a chance on China.
Some of the highlights include: high-efficiency, energy-saving technologies, cloud computing, bio-technology, high-end manufacturing including aerospace, smart grids, advanced materials and composites, and electric cars.
"We are seeing UK companies that are more willing to license their technology to Chinese firms," said Julian Kingsbury, the head of Intralink, a company which helps companies set up in China. "
Huawei (the telecoms and technology giant) is paying royalties on licenses, and we have a number of clients actively looking to sell patents, like Qinetiq and BT.
Real Questions For You To Answer In Today's Challenging Times .
Q1. Are You Looking To The East For Your Business Opportunities This Year & Onwards [ A New Decade ]
Q2. Have You Considered The People's Republic Of China For The Solution ?
Q3. Are You Anticipating To Ride This Western Economic Recession-Depression & Gradual Upturn until 2015 & Beyond ?
Q4. Have You Explored Other Links & New Opportunities, For Your Future Years Ahead ?.
Q5 . Are There Companies Within CHINA, For J.V , Alliance , Partners or Avenues For Outsourcing or Sourcing Competitive Products or Services That Could Assist You?
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Doing Busines In China A Brief View ...from JeffCastle @ Inbusinesstv
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THE LATEST NEWS FROM THE UK
China is the UK's second-biggest trading partner after the EU, while London is Beijing's third-biggest trade partner in the 27-nation bloc. Trade in goods for the first 10 months of 2010 hit a record high of $40.2 billion.
Some 6,000 UK companies have invested in China, making Britain the biggest European investor in the country.
China-UK Talks Look To Boost Trade Links
Britain and China have signed trade deals worth £2.6bn during a visit to London by one of China's most senior politicians.
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The market is phenomenal. Fifteen years ago when the traffic lights turned green 15,000 bicycles would stream past. Now, it is thousands of cars” End QuoteStephen DawkinsAir Logistics Group
Latest: China's Economy Grew 10.3% in 2010
China has raised interest rates twice in the past four months in a bid to control food and housing costs. China's gross domestic product (GDP) grew a faster-than-expected 10.3% in 2010, official statistics show.
Doing business in China - Dealing with Government UKTI
Views Of Several UK Businesses Experiences Doing Business In China
LATEST FIGURES UK_CHINA
The CBI's Andy Scott advises:
"Do your prep, do your homework and talk to people who have been there."
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Fierce competition
Former trade advisor Michael Johnson's number one tip is to specialise: "Don't think you can cover the whole country. Decide precisely what product or service range you're offering and then decide carefully where's the best possible place to be.
Read The latest News From the Financial Times About CHINA
China Provinces ‘To Be Bigger Than Russia’
HSBC predicts that by 2020 China will have no less than six provinces with an annual gross domestic product the size of Russia.
Astonishing is the fact that six provinces – Guangdong, Zheijiang, Jiangsu, Shandong, Hebei and Henan – are expected to have an annual GDP of over $1,000bn within the next ten years.
That puts them above countries including Russia, Canada and Spain. Unsurprisingly, all of these provinces are in the wealthy east of the country.
A further 10 provinces – some of which are in the centre (for instance Sichuan) and north (for instance Inner Mongolia) of China- will have GDPs between $500bn and $1,000bn by 2020, comparable to countries such as Indonesia, South Africa and Switzerland.
Clearly, China’s provinces offer a wealth of investment opportunities.
"For anyone hoping to conclude a business deal in China
[the report] offers this message:
Don’t assume you only have to deal with decision-makers in Beijing.
You must also make sure local officials are on your side"
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