China: Business Opportunities and Challenges

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "China: Business Opportunities and Challenges"

Transcription

1 China: Business Opportunities and Challenges March 3, 2005 Agenda Vitro Overview Business Opportunities in China Business Challenges in China 1

2 Vitro's Profile Q-LTM Sales 1 : US$2,261 Mill 90% of total sales are glass related Construction Binswanger Glass Supersky Glasscraft Duo-Vent Automotive OEM Replacement ACI Vitrocar Flat Glass 49% Glassware 10% Glass Containers 41% Retail Wholesalers Food Service OEMs Food & Beverages Beer Wine & Liquor Pharmaceutics Cosmetics Molds & Machines Raw Materials 1-Nominal US$, Latest twelve months as of September 30, 2004 Glass as Vitro s Strategic Advantage Vitro has modified its business portfolio in order to strengthen its competitive advantages, focused on the glass industry Key Glass Competencies Melting Formation Transformation into value added products Distribution Service Quality Innovation /Design New Product Development Technology Molds y Machines Business Flat Glass Containers Glassware Industry-Client Automotive Construction Food Beverage Cosmetics Supermarket Distribution/ Installation Consumption 2

3 Flat Glass: sales of US$1,093 Million Largest producer of Flat Glass in Mexico and second largest in Latin America Over 320 operating centers in Mexico, Colombia, USA, Spain and Portugal Main Competitors Saint-Gobain Guardian Asahi PPG Carlex CITSA Vitro America 37% Construction Europe 11% Vitro America Auto replacement 8% Vitro America Construction 27% Fiber Glass 5% Other 7% Construction Mexico 22% Auto - OEM 13% Auto - Replacement 7% Sales Breakdown Foreign Subsidiaries 49% Mexico 28% Exports 23% Sales Breakdown Construction 60% Automotive 32% Other 8% Glass Containers: sales of US$913 Mill Largest glass container producer in Mexico and Central America Operations in Mexico, USA, Central & South America Certified ISO 9001 Main Competitors in Mexico Fanal Sivesa Fevisa Foreign Subs.(2) 11% Vertical Integ. Prods. 20% Wine & Liquor 15% Cosmetics 10% Soft drinks 17% Food 20% Beer 7% Sales Breakdown Mexico 59% Exports 30% Foreign Subsidiaries 11% 3

4 Glassware sales: of US$229 Million Glassware leader in Mexico and Latin America JV with Libbey (51%Vitro, 49% Libbey), leader in USA Operations in Mexico and exports to 60 countries OEMs 16% Plastics 18% Industrial 14% Whole salers 12% Retail 40% Sales Breakdown Mexico 64% Exports 36% Vitro today: multinational player with global operations. United States. Switzerland. Spain Portugal. Mexico.. Guatemala.. Costa Rica Colombia Bolivia. Operating Assets Distribution and Sales 4

5 Agenda Vitro Overview Business Opportunities in China Business Challenges in China China s Attractiveness for Vitro Flat Glass Automotive OEM Construction Housing Glass Containers Beverage & Beer Food Pharmaceutical Glassware Commercial Glassware Food Service Electric Appliances 5

6 Growth of the flat glass industry in China Annual Volume Growth Y-o-Y CAGR % 25% 20% 15% 10% 5% 0% -5% -10% -15% Luoyang Qinhuangdao Fuyao Shangai Zhejiang Hubei Anhui CSG Shandong PPG Pilkington St. Gobain Trakya Cam Asahi Central Nippon Taiwan China 18.0% ROW 3.4% Source: Annual Reports, Analysis China s consumer markets and demographics Western GDP(US$ B): 40 Population (M): 55 GDP/capita (US$): 719 China GDP(US$ B): 1,289 Population (M): 1,221 GDP/capita (US$): 1,056 Heilongjiang NorthEast GDP(US$ B): 154 Population (M): 150 GDP/capita (US$): 1,024 Inner Mongolia Jilin Xinjiang Beijing Liaoning Midlands GDP(US$ B): 316 Population (M): 437 GDP/capita (US$): 723 Tibet SouthWest GDP(US$ B): 113 Population (M): 190 GDP/capita (US$): 593 Sources: 2002 China Statistical Yearbook; BDC analysis Qinghai Yunnan Ningxia Gansu Shaanxi Hebei Tianjin Shanxi Shandong Henan Hubei Anhui Sichuan Chongqing Hunan Jiangxi Guizhou Fujian Guangxi Guangdong Hainan Jiangsu Shanghai Zhejiang Shanghai GDP(US$ B): 60 Population (M): 16 GDP/capita (US$): 3,776 Shanghai, Beijing Region, Guangdong and the Coastal Region combined represent over 56% of the total GDP but only 35% of the population 6

7 China s addressable market quickly shrinks when accounted for income differences million 1, NorthEast Midlands Western SouthWest 186M 268 Coastal Shanghai Beijing Region Guangdong Total Rural Basic urban Value urban Premium urban Per capita income Per capita income Per capita income > US$600 > US$840 > US$1, In addition to low spending power, it is also difficult to penetrate the rural markets due to poor infrastructure, weak distribution and wide geographic dispersion. Sources: 2002 China Statistical Yearbook; BDC analysis Sheer size of China s consumer markets driving investment % total world FDI inflows 12% FDI Inflows, Emerging Markets 11.0% 10% 8% 6% 4% 2% 0% 8.9% 7.6% 6.2% 4.0% 3.8% 4.0% 3.6% 2.5% 3.8% 1.8% 1.8% 2.0% 1.8% 1.0% 0.0% Mexico China Source: Datastreem, CSFB research 7

8 Compelling fundamentals from the production point of view General Comparative Cost of Inputs Mexico vs. China Basket of Consumer Products 100-5% -20% -30% -80% -70% Raw Materials Index Energy Packaging Labor Freight Sources: 2002 China Statistical Yearbook; BDC analysis, Mexico Market Research Investor-friendly environment, by design Development of China s Economic and Technological Development Zones (ETDZ) ETDZ were designed to: Open up China s economy Attract capital investment Facilitate hi-tech development Promote the regional economy Focus on industrial projects Encourage foreign investment Build up export-oriented economy In 1984, following the success of SEZ, China Economic & Technological Development Zones (ETDZ) were introduced to further open China s coastal areas to the outside world In 1992 and 1993, 18 other ETDZs were set up: Yingkou Changchun Shenyang Harbin Weihai Kunshan Hangzhou Xiaoshan Wenzhou Rongqiao Dongshan Guangzhou Nansha Huizhou Dayawan Wuhu Wuhan Chongqing Beijing Urumchi From 2000 to 2002 the 3 rd group of ETDZ were established: Hefei Zhengzhou Xi'an Changsha Chengdu Kunming Gunyang Nanchang Shihezi Xining Huhhot Taiyuan Nanning Yinchuan Lanzhou Lasa Lanzhou By the end of 1988, 14 ETDZs were established by the approval of the State Council: Dalian Qinhuangdao Tianjin Yantai Qingdao Nantong Lianyungang Minhang Ningbo Hongqiao Caohejing Fuzhou Guangzhou Zhanjiang In a strategy to develop the western area, the State Council made a decision in 1999 that middle west provinces under the central government could choose one qualified and established provincial - level ETDZ from its capital city to bid for a national -level ETDZ Shanghai Pudong (1990) Suzhou Industrial Park (1990) Daxie ETDZ (1994) were upgraded to statelevel, whereby enjoying preferential policies Sources: China Association of Development Zones; BDC analysis 8

9 In China there are thousands of ETDZ & Industrial Parks, however there are only 54 national level development zones National/State level Provincial level National Level Development Zones Able to offer FIE's greater preferential tax policies and exemptions because they have jurisdiction over the collection of a greater number of taxes in China and at higher rates, for example, those including corporate income tax, VAT, customs duties, etc. Number of ETDZ Local Government level/ trial zones State Level Development Zones Have jurisdiction over certain (locallycollected) taxes and tax policies (for example, depreciation rates). The availability of preferential tax policies is heavily dependent on the type, size and length of investment, along with relationships with local govt 54 Enjoy better policies & incentives ~3000+ Sources: China Association of Development Zones ; Lehman Brown International Accountants; BDC analysis Jiangsu, Guangdong, and Shandong are the largest recipients of foreign direct Investment in China Number of projects Beijing % 2002 Growth % y-o-y Heilongjiang Inner Mongolia Jilin Shandong 4, % Xinjiang Beijing Liaoning Tibet Qinghai Hebei Tianjin Shanxi Ningxia Shandong Gansu Jiangsu Henan Shaanxi Jiangsu 5, % Hubei Anhui Sichuan Chongqing Hunan Jiangxi Guizhou Fujian Shanghai Zhejiang Fujian 1, % Yunnan Guangxi Guangdong Guangdong 6, % = 1,000 projects Hainan Source: TDC Trade; BDC analysis 9

10 Agenda Vitro Overview Business Opportunities in China Business Challenges in China Investment Challenges doing business in China Operational 10

11 Currency appreciation as one major risk 10% 5% 0% Comparative Indexed Exchange Rates Depreciation / Appreciation vs. US Dollar -5% -10% 1/1/ % -20% 12/16/1996 1/12/ /16/1998 1/11/ /16/2000 1/10/ /16/2002 1/9/ /16/2004 Peso Yuan -25% -30% -35% -40% China s foreign exchange policies Foreign Invested Enterprise Designated foreign exchange banks Current Account Capital Account No restriction After-tax profit repatriation After-tax wages After-tax share dividends payable Imports/exports Strict control Investment External debt/loans Overseas share issues When a FIE have to make external payments within its business scope, it may draw the required amount from its foreign exchange current account and any shortage can be made up for by purchasing foreign exchange with RMB at designated banks Any sale of foreign exchange to the capital account must be approved by SAFE (State Administration of Foreign Exchange), the supervisory authority over foreign exchange in China People s Bank of China determines the exchange rate. Designated foreign exchange banks can set buy and sell prices within the floating range specified and conduct foreign exchange business 11

12 Investment Challenges doing business in China Operational China s logistics options are rudimentary Mode of Transport Duration* Arrival Window Tracking Information Chance of Damage Route Flexibility Schedule Flexibility Regulatory Restrictions Shipment Requirements Overall Remarks Rail >9 days 1 to 4 weeks, depending on route congestion Minimal information; Routine failures to notify cargo arrival 2 3 times of trucking Most plants and ports do not have efficient rail sidings Min requirement is 10 tons More suitable for commodity (90% of load) Shipping 7-8 days More used to handling bulk goods than finished products Onward trucking must be used in most cases Very low frequency for intra-china shipping Large scale of shipment makes it more suitable for bulk goods Trucking 5-6 days *From QinHuangdao to Guangzhou Source: Interviews, Chamber of Commerce Reports; BDC analysis Local Less-thantruckload system governments maintain strict is far from entry access, established making interprovincial transportation difficult. Need to use big - name operators Toll payments must be taken into account, and can change rapidly 12

13 China s Trunk Highway System will also double its current size by 2010 China s Trunk Highway System Thousands of Km 100 Km Completed before 2000 Under construction, To be constructed from 2005 to 2010 Total System by 2010 Sources: Xinhua, Literature Search; BDC analysis 21 provinces, municipalities and autonomous regions in China suffered a large-scale electric power shortage in 2003 Reasons Dry spells - water levels are especially low and hydroelectric plants are unable to operate to their full capacity Shortage of electric generators Many thermal power plants are operating below their capacity because of inadequate coal supply China s high-gear economic growth, especially with energy intensive industries e.g. steel and nonferrous metals Where Grids with electricity shortage are mainly north China, northwest China and central China Provinces covered by the north China grid, except Shandong, all experienced shortages during the summer peak Regions with smooth electricity supply and demand are mainly the northeast e.g. Shandong, Anhui Outlook The electricity strain is expected to linger throughout 2004, with an estimated shortage at over 20 m kwh The government is looking at establishing an emergencyresponse procedure for dealing with possible power problems Plan to manufacture new electric generators with a combined electricity generating capacity of million kilowatts 2004 will see a record in the power generator installment and construction of power grids - spending over US$9.6 b Xinjiang Sources: 2003 China Electric Power Publications; Center for Energy; ISI emerging market; BDC analysis Tibet Shortages are expected to reach approx 7 million kw between Shanghai, Jiangsu and Zhejiang Qinghai Yunnan Gansu Sichuan Ningxia Sufficient supply Shaanxi Chongqing Guizhou Guangxi Hainan Inner Mongolia Hebei Tianjin Shanxi Shandong Henan Hubei Beijing Anhui Hunan Jiangxi Guangdong Liaoning Fujian Experiencing or have experienced shortages Major shortages Jilin Jiangsu Estimates Heilongjiang Shanghai Zhejiang 13

14 China in light of Vitro s Strategy and Vision To become a leader in the global glass industry in terms of profitability, efficiency, quality and service. With the strategy One Vitro we are transforming to better compete in the world markets, holding to our greatest competitive advantage: Almost 100 years of knowledge in the glass industry Thank You 14

China - One Nation, Multiple Markets

China - One Nation, Multiple Markets Hong Kong Your Fast Track to China China - One Nation, Multiple Markets Presented by : Fanny Ting Marketing Director Victorinox Hong Kong Limited Agenda 1. How Victorinox Hong Kong (VHK) sees the China

More information

Workshop Management Office: Fairlink Exhibition Services Ltd.

Workshop Management Office: Fairlink Exhibition Services Ltd. PhD Workshop 2015 State 211 Project State 211 Project is the Chinese government's new endeavor aimed at strengthening about 100 institutions of higher education and key disciplinary areas as a national

More information

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre

Transport Infrastructure Development in China October 2013. Fung Business Intelligence Centre Transport Infrastructure Development in China October 213 Fung Business Intelligence Centre In this issue: Overview Four Transportation Modes Government Initiatives 2 Overview 3 Passenger traffic at a

More information

CHINA CELL PHONE MARKET PROFILE. Beijing Zeefer Consulting Ltd.

CHINA CELL PHONE MARKET PROFILE. Beijing Zeefer Consulting Ltd. CHINA CELL PHONE MARKET PROFILE February 2011 INTRODUCTION This report discusses the cell phone market in China mainly from the following sections. - Size of Cell Phone Market in China Based on Zeefer's

More information

CHINA CARBONATED SOFT DRINKS MARKET PROFILE. Beijing Zeefer Consulting Ltd.

CHINA CARBONATED SOFT DRINKS MARKET PROFILE. Beijing Zeefer Consulting Ltd. CHINA CARBONATED SOFT DRINKS MARKET PROFILE February 2011 INTRODUCTION This report discusses the carbonated soft drinks market in China mainly from the following sections. - Size of Carbonated Soft Drinks

More information

Rabbit Production and Organization in China

Rabbit Production and Organization in China Rabbit Production and Organization in China Li Fuchang College of Animal Science & Technology Shandong Agricultural University Sept., 2010 1. Overview of Chinese rabbit industry Production and Product

More information

China s Distributed Solar PV Ambitions Policies and Challenges. Asia Solar Energy Forum 2015

China s Distributed Solar PV Ambitions Policies and Challenges. Asia Solar Energy Forum 2015 China s Distributed Solar PV Ambitions Policies and Challenges Asia Solar Energy Forum 2015 June 15, 2015 Manila The Philippines Frank Haugwitz Director Frank.Haugwitz@aecea.com.de Asia Europe Clean Energy

More information

China: A Market Overview Humber Seafood Summit 2014

China: A Market Overview Humber Seafood Summit 2014 China: A Market Overview Humber Seafood Summit 2014 Claire Urry, Executive Director China-Britain Business Council Add text here 18 September 2014 China-Britain Business Council (CBBC) helping UK companies

More information

CARLSBERG IN CHINA. 26 September 2005

CARLSBERG IN CHINA. 26 September 2005 1 CARLSBERG IN CHINA 26 September 2005 2 Objectives: Background of Carlsberg in China Overview of China beer market Carlsberg s Mission and Strategy in China Carlsberg Brand Strategy Local / mainstream

More information

Media Briefing. 2016 First Quarter Findings

Media Briefing. 2016 First Quarter Findings Media Briefing Greenpeace City Rankings, First Quarter 2016 PM2.5: As eastern China s air quality improves rapidly, 69 cities in central and western China see air quality deteriorating Greenpeace East

More information

Export Processing Zones in China: A Survey

Export Processing Zones in China: A Survey A report submitted to ILO Export Processing Zones in China: A Survey Xiaolan Fu University of Oxford and Yuning Gao University of Cambridge 31/10/2007 1 Table of Contents I II Introduction Development

More information

Recent Migration Trends in China: Geographic and Demographic Aspects and Development Implications.

Recent Migration Trends in China: Geographic and Demographic Aspects and Development Implications. Recent Migration Trends in China: Geographic and Demographic Aspects and Development Implications. Zai Liang Department of Sociology University at Albany, SUNY Prepared for presentation at UN Expert Group

More information

SECRET. under the Banking Ordinance. Return of Mainland Activities

SECRET. under the Banking Ordinance. Return of Mainland Activities SECRET under the Banking Ordinance Return of Mainland Activities For Position of the Hong Kong Office(s), Mainland Branch(es) and Mainland Subsidiary Bank(s) of an Authorized Institution as the case may

More information

Lawrence Berkeley National Laboratory. Key China Energy Statistics

Lawrence Berkeley National Laboratory. Key China Energy Statistics Lawrence Berkeley National Laboratory Key China Energy Statistics 2012 The LBNL China Energy Group The China Energy Group at Lawrence Berkeley National Laboratory (LBNL) was established in 1988. Over the

More information

Health Inequalities during 20 Years of Rapid Economic Development in China ( ): A Mortality Analysis*

Health Inequalities during 20 Years of Rapid Economic Development in China ( ): A Mortality Analysis* Biomed Environ Sci, 2011; 24(4): 329 334 329 Original Article Health Inequalities during 20 Years of Rapid Economic Development in China (1980 2000): A Mortality Analysis* ZHENG XiaoYing,#, SONG XinMing,

More information

A Summary of the 2015 Annual PM2.5 City Rankings

A Summary of the 2015 Annual PM2.5 City Rankings A Summary of the 2015 Annual PM2.5 City Rankings Key Findings Cities Greenpeace gathered statistics for 367 cities. Zhuji City, Zhejiang, has been excluded from analysis due to data deficiencies. Thus

More information

Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences

Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences BIOPAC Users List Institute of Pharmacology under Chinese Academy of Medical Sciences Institute of Zoology under Chinese Academy of Medical Sciences National Examination Centre of Medicine and Biological

More information

Social Insurance in China

Social Insurance in China Issue 138 November 2013 From Dezan Shira & Associates Social Insurance in China Overview of Social Insurance in China Foreigners Participation in China s Social Insurance System Determining Minimum and

More information

Annual Salary Survey Report 2013

Annual Salary Survey Report 2013 Annual Salary Survey Report 2013 14 th October 2013 Results and key findings of the 6 th annual wage survey of the German Chamber of Commerce in China Full report is available free of charge for GCC members.

More information

China s Electricity System: A Primer on Planning, Pricing, and Operations. Fritz Kahrl Jim Williams E3

China s Electricity System: A Primer on Planning, Pricing, and Operations. Fritz Kahrl Jim Williams E3 China s Electricity System: A Primer on Planning, Pricing, and Operations Fritz Kahrl Jim Williams E3 Context Framing question: How to reduce CO 2 emissions in China s power sector? Figure: Wind Curtailment

More information

GLOBAL INSIGHT AUTOMOTIVE SEMINAR

GLOBAL INSIGHT AUTOMOTIVE SEMINAR GLOBAL INSIGHT AUTOMOTIVE SEMINAR 12 JUNE 2007 OKURA GARDEN HOTEL SHANGHAI Do Diesel Cars Have a Future in China and Other Asian Markets? Tianshu Xin Director, Global Technical Research A Reminder: Compared

More information

Interim Administrative Measures on Domain Name Registration

Interim Administrative Measures on Domain Name Registration Interim Administrative Measures on Domain Name Registration (Promulgated by Leading group for information technology advancement under the state council) PART ONE GENERAL PROVISIONS Article 1 Article 2

More information

WINE CONSUMERS AND SOCIAL MEDIA: CASE STUDIES FROM CHINA AND AUSTRALIA PROWEIN, MARCH 2015

WINE CONSUMERS AND SOCIAL MEDIA: CASE STUDIES FROM CHINA AND AUSTRALIA PROWEIN, MARCH 2015 WINE CONSUMERS AND SOCIAL MEDIA: CASE STUDIES FROM CHINA AND AUSTRALIA PROWEIN, MARCH 2015 Wine Intelligence 2015 1 Consumers and social media Millions online, but cultural norms still apply Social media

More information

BlueScope Butler China

BlueScope Butler China China Shanghai Analyst Briefing - Shanghai 12th November, 2004 Presented by: Mike Alossi President BlueScope Steel China Tianjin Presentation Outline 1. Overview 2. Facilities and Processes 3. Products

More information

Understanding the Software Industry in China: Export Performance and Regional Development

Understanding the Software Industry in China: Export Performance and Regional Development Huang: Understanding the Software Industry in China: Export Performance INDIA, CHINA AND AMERICA INSTITUTE 1549 CLAIRMONT ROAD, SUITE 202 DECATUR, GA 30033 USA WWW.ICAINSTITUTE.ORG Understanding the Software

More information

( ) Page: 1/25 CHINA MEASURES RELATED TO DEMONSTRATION BASES AND COMMON SERVICE PLATFORMS PROGRAMMES

( ) Page: 1/25 CHINA MEASURES RELATED TO DEMONSTRATION BASES AND COMMON SERVICE PLATFORMS PROGRAMMES WT/DS489/1 G/L/1105 G/SCM/D105/1 19 February 2015 (15-1009) Page: 1/25 Original: English CHINA MEASURES RELATED TO DEMONSTRATION BASES AND COMMON SERVICE PLATFORMS PROGRAMMES REQUEST FOR CONSULTATIONS

More information

How to Develop Tourism Offers for the Chinese market. Mr. Zhu Shanzhong Executive Director, UNWTO

How to Develop Tourism Offers for the Chinese market. Mr. Zhu Shanzhong Executive Director, UNWTO How to Develop Tourism Offers for the Chinese market Mr. Zhu Shanzhong Executive Director, UNWTO A Brief Outlook of Chinese Outbound Market Chinese outbound market: starts late, grows fast, stays active

More information

Nature Index China tables

Nature Index China tables CHINA NATURE INDEX Nature Index China tables China s leading institutions for high-quality science, ordered by weighted fractional count () for 2013. Also shown are the total number of articles, and the

More information

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012 Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance Investor Conference Call with Deutsche Bank Beijing, December 03rd, 2012 Content Our Momentum in China Outlook Market Development

More information

China s High Speed Rail Boom a New Era of Mobility

China s High Speed Rail Boom a New Era of Mobility China s High Speed Rail Boom a New Era of Mobility HANDS-ON CHINA REPORT March 30, 20 Jing Ulrich Managing Director, Chairman, China Equities & Commodities +852 2800 8635 jing.l.ulrich@jpmorgan.com China

More information

THE POTENTIAL OF TURBOPROPS TO REDUCE FUEL CONSUMPTION IN THE CHINESE AVIATION SYSTEM

THE POTENTIAL OF TURBOPROPS TO REDUCE FUEL CONSUMPTION IN THE CHINESE AVIATION SYSTEM THE POTENTIAL OF TURBOPROPS TO REDUCE FUEL CONSUMPTION IN THE CHINESE AVIATION SYSTEM Megan S. Ryerson, Xin Ge Department of City and Regional Planning Department of Electrical and Systems Engineering

More information

China Internet. Report. The Second Quarter of 2013. Content-aware Network Services. en.chinac ache. com. www.ccindex.cn. ChinaCache.

China Internet. Report. The Second Quarter of 2013. Content-aware Network Services. en.chinac ache. com. www.ccindex.cn. ChinaCache. Content-aware Network Services China Internet en.chinac ache. com www.ccindex.cn Report The Second Quarter of 201 ChinaCache ChinaCache_CCIH ChinaCache International Holdings Ltd. Table of Contents Abstract

More information

Province City Chinese address English Address. Hefei Children's Welfare Institute Hefei

Province City Chinese address English Address. Hefei Children's Welfare Institute Hefei Province City Chinese address English Address Hefei Children's Welfare Institute Hefei No. 129 Fan Wa Street 129 Hefei, Anhui, China 230031 230031 Anhui Chuzhou 71 239000 Chuzhou Children's Welfare Institution

More information

China: The second home market of the Volkswagen Group

China: The second home market of the Volkswagen Group China: The second home market of the Volkswagen Group Carsten Isensee Executive Vice President Finance, Volkswagen Group China HSBC Roadshow, Hongkong, 24-25 November 2014 Business overview and sales performance

More information

Space Research of China s Industry Structure and Employment Structure Coordination Degree

Space Research of China s Industry Structure and Employment Structure Coordination Degree Theoretical Economics Letters, 2014, 4, 446-456 Published Online June 2014 in SciRes. http://www.scirp.org/journal/tel http://dx.doi.org/10.4236/tel.2014.46056 Space Research of China s Industry Structure

More information

Infrastructure and regional economic development in rural China

Infrastructure and regional economic development in rural China China Economic Review 15 (2004) 203 214 Infrastructure and regional economic development in rural China Shenggen FAN a,b, *, Xiaobo ZHANG a a International Food Policy Research Institute, Washington, DC,

More information

CNOOC Natural Gas Business

CNOOC Natural Gas Business CNOOC Natural Gas Business CNOOC 2 October 2014 1. CNOOC Gas & Power Overview 2. Chinese Gas Market Overview 3. Chinese Economic & Gas Market Update 4. Chinese Gas Market Outlook 5. Summary CNOOC Overview

More information

GLOBAL HOUSING WATCH. April 2016

GLOBAL HOUSING WATCH. April 2016 GLOBAL HOUSING WATCH April 2016 This Quarterly Update includes an update of the Global House Price Index and our other core charts, and a discussion of house price developments in some cities within major

More information

Received 8 January 2015; accepted 25 February 2015; published 28 February 2015

Received 8 January 2015; accepted 25 February 2015; published 28 February 2015 American Journal of Industrial and Business Management, 2015, 5, 66-72 Published Online February 2015 in SciRes. http://www.scirp.org/journal/ajibm http://dx.doi.org/10.4236/ajibm.2015.52008 Study on the

More information

Energy Security in China: Role of Oil and Gas in the Global Context

Energy Security in China: Role of Oil and Gas in the Global Context Energy Security in China: Role of Oil and Gas in the Global Context Dr. Kang Wu Senior Fellow, East-West Center Senior Advisor, FGE FACTS Global Energy June 2013 An Outline Oil and Gas: Where China Stands

More information

Global Access Information. Conferencing

Global Access Information. Conferencing Conferencing Global Access Information Global Access allows audio conferencing participants the ability to join calls from around the globe using local and freephone dial-in numbers. Dialing Information

More information

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. J.P. Morgan Investor Meeting, Beijing June 05 th, 2014

Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance. J.P. Morgan Investor Meeting, Beijing June 05 th, 2014 Volkswagen Group China Dr. Jörg Mull, Executive Vice President, Finance J.P. Morgan Investor Meeting, Beijing June 05 th, 2014 Content Business Overview and Sales Performance Market Development Investments

More information

Cities Research Center, 2015. China60: From Fast Growth to Smart Growth

Cities Research Center, 2015. China60: From Fast Growth to Smart Growth Cities Research Center, 2015 China60: From Fast Growth to Smart Growth 2 Cities Research Center China60 Cities Research Center China60 3 Contents Foreword 5 Executive Summary 7 Introducing the China60

More information

Hainan Airlines Branch Offices in Chinese Mainland

Hainan Airlines Branch Offices in Chinese Mainland Hainan Airlines Branch Offices in Chinese Mainland Hainan Airlines Branch Office Address Phone Ticket Office Ticket Office Adress Ticket Office Phone Sanyuanqiao Ticket Office(s) 1/F, Grand China Building,

More information

Trends in Global Coal Markets

Trends in Global Coal Markets Trends in Global Coal Markets www.woodmac.com Meet Alaska 2012 Jeff Watkins Chairman of Coal January 2012 Agenda 1 GDP Growth Forecast 2 Global Energy Demand 3 Alaska s Coal Resources Wood Mackenzie 2

More information

From Departure Arrival To Flight No. Schedule

From Departure Arrival To Flight No. Schedule Flight schedule listed below is for reference only, and is subject to any change that may happen due to opeartion reasons. From Departure Arrival To Flight No. Schedule Valid From YYYY-MM-DD Valid To YYYY-MM-DD

More information

Corporate Finance in PR China

Corporate Finance in PR China Corporate Finance in PR China Stephan Heimberg Corporate Treasury Clariant International Ltd 6. Structured Finance Congress, Karlsruhe, Germany 27 October 2010 Table of contents 1. Overview of Clariant

More information

WP/15/84. Understanding Residential Real Estate in China. by Mali Chivakul, W. Raphael Lam, Xiaoguang Liu, Wojciech Maliszewski, and Alfred Schipke

WP/15/84. Understanding Residential Real Estate in China. by Mali Chivakul, W. Raphael Lam, Xiaoguang Liu, Wojciech Maliszewski, and Alfred Schipke WP/15/84 Understanding Residential Real Estate in China by Mali Chivakul, W. Raphael Lam, Xiaoguang Liu, Wojciech Maliszewski, and Alfred Schipke 215 International Monetary Fund WP/15/84 IMF Working Paper

More information

OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES

OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES OPPORTUNITIES FOR UK BUSINESSES IN CHINA S REGIONAL CITIES Acknowledgements This report is the outcome of research collaboration between the China-Britain Business Council (CBBC) and the Centre for International

More information

Introduction. Taxes Supported. E tax Payment Service

Introduction. Taxes Supported. E tax Payment Service Introduction To allow corporate clients to pay taxes (levied by both State Tax Bureau and Local Tax Bureau) electronically, HSBC Bank (China) Company Limited (HSBC China) has completed the system development

More information

POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA

POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA PURPOSE: POLICY ON DATA PROTECTION AND PRIVACY OF PERSONAL DATA This Policy sets forth how the Company will manage the Personal Data that it collects in the normal course of business. SCOPE: This Policy

More information

Development of the Internet and Digital Divide in China: A Spatial Analysis

Development of the Internet and Digital Divide in China: A Spatial Analysis Development of the Internet and Digital Divide in China: A Spatial Analysis Wei, University of Louisville We are in an era in which the nature of work, as measured by the industrial or occupational structure

More information

Power Transmission and Distribution A Solid Foundation for Profitable Growth

Power Transmission and Distribution A Solid Foundation for Profitable Growth Power Transmission and Distribution A Solid Foundation for Profitable Growth Udo Niehage, Group President Capital Market Days February 23-24, 2006 Siemens Capital Market Days, February 23-24, 2006 Page

More information

Challenges and Perspectives of Welfare Regimes in China

Challenges and Perspectives of Welfare Regimes in China Challenges and Perspectives of Welfare Regimes in China Ye Jingzhong, Wang Yihuan 1 During the period of planned economy, China adopted a highly centralized approach to welfare provision, i.e. the social

More information

F n i a n l a Ac A c c o c u o n u t n s t of o th t e h Ch C i h n i a

F n i a n l a Ac A c c o c u o n u t n s t of o th t e h Ch C i h n i a Final Accounts of the China Securities Regulatory Commission (CSRC) 2012 1 Content Part I Profile of the CSRC I. Main responsibilities II. Composition of department budget entities Part II Final Accounts

More information

China - Peoples Republic of. Stone Fruit Annual

China - Peoples Republic of. Stone Fruit Annual THIS REPORT CONTAINS ASSESSMENTS OF COMMODITY AND TRADE ISSUES MADE BY USDA STAFF AND NOT NECESSARILY STATEMENTS OF OFFICIAL U.S. GOVERNMENT POLICY Required Report - public distribution Date: GAIN Report

More information

Explaining Regional Disparities of China s Economic Growth: Geography, Policy and Infrastructure

Explaining Regional Disparities of China s Economic Growth: Geography, Policy and Infrastructure Explaining Regional Disparities of China s Economic Growth: Geography, Policy and Infrastructure Zhengyun Sun Department of Economics University of California, Berkeley Thesis Advisor: Professor Bryan

More information

The China Opportunity

The China Opportunity The China Opportunity Keith Barr Hotel Indigo, Shanghai on the Bund 1 2 Greater China in the context of IHG 9mth 2012 Operating profit* Q3 12 open rooms Q3 12 pipeline rooms 9% 9% 31% 91% 91% 69% Greater

More information

Types, Concentration, Diffusion and Spatial Structure Evolution of Natural Gas Resource Flow in China

Types, Concentration, Diffusion and Spatial Structure Evolution of Natural Gas Resource Flow in China Jan., 2016 Journal of Resources and Ecology Vol. 7 No.1 J. Resour. Ecol. 2016 7(1) 012-020 DOI: 10.5814/j.issn.1674-764x.2016.01.002 www.jorae.cn Types, Concentration, Diffusion and Spatial Structure Evolution

More information

Index Terms competitive advantage evaluation, principal component analysis, index system, real estate industry

Index Terms competitive advantage evaluation, principal component analysis, index system, real estate industry ISBN 978-952-5726-00-8 (Print), 978-952-5726-01-5 (CD-ROM) Proceedings of the 2009 International Symposium on Web Information Systems and Applications (WISA 09) Nanchang, P. R. China, May 22-24, 2009,

More information

Roadshow China 2009 bis 2015

Roadshow China 2009 bis 2015 Roadshow China 2009 bis 2015 Chefarzt Privatdozent Dr. Klaus Lerch, Klinik für Orthopädie und Unfallchirurgie, Landshut 29. August 05.September 2015: Beijing, Laiwu, Liaocheng, Hefei The People s Hospital

More information

A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement. Company Presentation March 2012

A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement. Company Presentation March 2012 A Leading Branded Crop Nutrient Company Addressing China's Need for Agricultural Yield Enhancement Company Presentation March 2012 2 Safe Harbor Statement This presentation contains forward-looking statements

More information

Shorik initiative. Guide to Studying in China. United Arab Emirates Embassy -Beijing, China

Shorik initiative. Guide to Studying in China. United Arab Emirates Embassy -Beijing, China Shorik initiative Guide to Studying in China United Arab Emirates Embassy -Beijing, China Index Part 1: A brief introduction to China Part 2: Climate, time zone and currency Part 3: Higher education and

More information

Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China

Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China ACIAR China Grain Market Policy Project Paper No. 9 Patterns of Domestic Grain Flows and Regional Comparative Advantage in Grain Production in China Chen Chunlai (Department of Economics, Adelaide University)

More information

LC Paper No. CB(1)1072/13-14(03)

LC Paper No. CB(1)1072/13-14(03) LC Paper No. CB(1)1072/13-14(03) For discussion on 18 March 2014 LEGISLATIVE COUNCIL PANEL ON COMMERCE AND INDUSTRY Promotion of Inward Investment PURPOSE This paper updates Members on the work of Invest

More information

COFCO TUNHE Tomato Industry Introduction. August, 2007

COFCO TUNHE Tomato Industry Introduction. August, 2007 COFCO TUNHE Tomato Industry Introduction August, 2007 Contents COFCO TUNHE Profile COFCO TUNHE Tomato Industrial Management System COFCO TUNHE Tomato Industry International Cooperation China Tomato Processing

More information

The Development of Soil Survey and Soil Mapping in China

The Development of Soil Survey and Soil Mapping in China The Development of Soil Survey and Soil Mapping in China Gan-Lin Zhang, Zi-Tong Gong State Key Laboratory of Soil and Sustainable Agriculture, Institute of Soil Science, Chinese Academy of Sciences, Nanjing

More information

Annual Development Report on China's Trademark Strategy 2010

Annual Development Report on China's Trademark Strategy 2010 Annual Development Report on China's Trademark Strategy 2010 TRADEMARK OFFICE/TRADEMARK REVIEW AND ADJUDICATION BOARD OF STATE ADMINISTRATION FOR INDUSTRY AND COMMERCE PEOPLE`S REPUBLIC OF CHINA Comprehensively

More information

ENERGY BUSINESS GREATER SUCCESS FOCUS ON STRIVE FOR

ENERGY BUSINESS GREATER SUCCESS FOCUS ON STRIVE FOR FOCUS ON ENERGY BUSINESS STRIVE FOR GREATER SUCCESS Datang Power will continue to focus on power generation business, and strive to comprehensively enhance the efficiency of the power generation business

More information

Shangri-La Hotels and Resorts

Shangri-La Hotels and Resorts Shangri-La Hotels and Resorts MAR 2016 RSO SHA THE LEGEND BECOMES REALITY The Legend Becomes Reality Once a fictional paradise existing only on the pages of James Hilton s 1930s novel Lost Horizon, Shangri-La

More information

What happened so far?

What happened so far? Marcus Wassmuth June 15th, 2011 Use of CNY in International Trade Settlement German Chamber Shanghai Workshop Controlling Marcus Wassmuth, June 15th, 2011, Page 1 Titel der Präsentation, Referent, Seite

More information

ISSUE NUMBER November, 2011

ISSUE NUMBER November, 2011 Michael Ma (CCAON- China) Ada Liu (CCAON- China) +8610 64384105 -Beijing +8610 64335599-635 -Beijing mawenlong@ccaon.com liuhaiyang@ccaon.com ISSUE NUMBER 160 28 November, 2011 5B5BCAUSTIC SODA 4B4B4BCHINESE

More information

China Opening Up to the world

China Opening Up to the world 1 China Opening Up to the world 2 Today, everyone is talking about the fruits of China s reform and opening-up policies. What was China s economy like before 1978? Upon the founding of the People s Republic

More information

China Textile Industry

China Textile Industry June, 2013 China Textile Industry Contents Market Overview - 2012 Industrial Development - Fixed Asset Investment in 2012 - Foreign Trade 2012 - Foreign Direct Investment on textile industry Labor Cost

More information

China Business Dashboard January 2007

China Business Dashboard January 2007 China Business Dashboard January 2007 Key headlines Bubbly growth expectations: Executives' confidence in China remains extremely high, particularly with regard to domestic sales prospects. Confidence

More information

Present State and Outlook of China's Coal Industry

Present State and Outlook of China's Coal Industry Present State and Outlook of China's Coal Industry By Atsuo Sagawa *, Koichi Koizumi ** Introduction China is the world's largest coal producer and consumer, producing 2.37 billion tons and consuming 23.9

More information

Table 1: Change in scale of China s government-related debt burden (100 million RMB) Direct government debt (Category I) (Category II)

Table 1: Change in scale of China s government-related debt burden (100 million RMB) Direct government debt (Category I) (Category II) China s Surging Local Government Debt and the Measures Being Taken to Contain It Prospects for public-private partnership (PPP) a new countermeasure aimed at tackling the problem Yongyu Shao, Ph.D. and

More information

Analysis of the Effectiveness of the Administrative Talk to Environmental Supervision in China

Analysis of the Effectiveness of the Administrative Talk to Environmental Supervision in China Open Journal of Business and Management, 2016, 4, 716-730 http://www.scirp.org/journal/ojbm ISSN Online: 2329-3292 ISSN Print: 2329-3284 Analysis of the Effectiveness of the Administrative Talk to Environmental

More information

BMW DEALER NETWORK IN CHINA

BMW DEALER NETWORK IN CHINA BMW DEALER NETWORK IN CHINA DR. DANIEL KIRCHERT SENIOR VICE PRESIDENT, SALES & MARKETING BMW BRILLIANCE AUTOMOTIVE OCTOBER 19, 2012 CONTENTS. Leading in city coverage Best quality dealer network Sustainable

More information

Infrastructure in China

Infrastructure in China INFRASTRUCTURE Infrastructure in China Sustaining quality growth kpmg.com/cn Sustaining quality growth Infrastructure in China 3 Contents 4 Introduction 6 12 th Five-Year Plan 10 Roads 14 Railways 18

More information

THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing

THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing THE END OF THE CHINA CYCLE? How to successfully navigate the evolution of low cost manufacturing Our view on manufacturing footprint optimization Detroit December 2011 The China "low cost" manufacturing

More information

The Leading Market Research in the Luxury Watch Industry Since 2004

The Leading Market Research in the Luxury Watch Industry Since 2004 The Leading Market Research in the Luxury Watch Industry Since 2004 www.worldwatchreport.com Since 2004, the WorldWatchReport has provided the luxury watch industry with an exclusive analysis of the leading

More information

Machinery and equipment manufacturing in China

Machinery and equipment manufacturing in China Machinery and equipment manufacturing in China Focal point: NBSO Dalian The layout of the global equipment manufacturing industry is changing fast. Production capacity relocates from developed countries

More information

The cost of living in China: Implications for inequality and poverty

The cost of living in China: Implications for inequality and poverty The cost of living in China: Implications for inequality and poverty Ingvild Almås and Åshild Auglænd Johnsen Norwegian School of Economics and ESOP, University of Oslo, and University of Stavanger SSDEV,

More information

Junior Colleges 1266 in total Beijing Municipality (26 in total) Tianjin Municipality (25 in total)

Junior Colleges 1266 in total Beijing Municipality (26 in total) Tianjin Municipality (25 in total) II Junior Colleges(1266 in total) Beijing Municipality (26 in total) Beijing Youth Politics College Beijing Science Technology Management College Beijing Electronic Science & Technology Vocational College

More information

HAZARDOUS WASTE GENERATION AND MANAGEMENT IN CHINA: A REVIEW

HAZARDOUS WASTE GENERATION AND MANAGEMENT IN CHINA: A REVIEW HAZARDOUS WASTE GENERATION AND MANAGEMENT IN CHINA: A REVIEW X. WANG *, Q. HUANG *, H. DUAN **, Q. WANG *, B. ZHOU *, J. LI ** * Chinese Research Academy of Environmental Sciences, Beijing, China ** Department

More information

Gender Gaps in China: Facts and Figures

Gender Gaps in China: Facts and Figures Gender Gaps in China: Facts and Figures October 2006 1 Executive Summary Based on the data taken from the 1982, 1990 and 2000 Population Censuses, the report examines from a quantitative perspective gender

More information

Nonperforming Debts in Chinese Enterprises: Patterns, Causes, and Implications for Banking Reform *

Nonperforming Debts in Chinese Enterprises: Patterns, Causes, and Implications for Banking Reform * Nonperforming Debts in Chinese Enterprises: Patterns, Causes, and Implications for Banking Reform * Geng Xiao The University of Hong Kong Hong Kong, SAR, China xiaogeng@hku.hk Abstract Given the domination

More information

China s Steel Industry

China s Steel Industry James Holloway, Ivan Roberts and Anthony Rush* China s steel industry has grown rapidly in recent decades, with China now the world s largest producer and consumer of steel. This has resulted in a sharp

More information

The Motivation and Objective Factors of Web Psychological Counselors Free Services: A Case Study of

The Motivation and Objective Factors of Web Psychological Counselors Free Services: A Case Study of International Journal of Psychological Studies; Vol. 7, No. 4; 2015 ISSN 1918-7211 E-ISSN 1918-722X Published by Canadian Center of Science and Education The Motivation and Objective Factors of Web Psychological

More information

Teacher Education in China : Current Situation & Related Issues

Teacher Education in China : Current Situation & Related Issues 2013-04-26 Teacher Education in China : Current Situation & Related Issues Dr. Tingjie YU Zhejiang Normal University 2 Institute of Educational Science (IES) of Zhejiang Normal University IES, established

More information

VWNMS Dr. Frank Galas 24 th September 2014 Volkswagen Leasing China 1

VWNMS Dr. Frank Galas 24 th September 2014 Volkswagen Leasing China 1 1 Leasing is the natural choice for commercial customers Fixed low monthly leasing payments full transparency and cost control No bound capital and higher financial freedom for the business Off balance

More information

Real Estate Sector China

Real Estate Sector China Real Estate Sector China August 2014 Produced by: - 1 - Table of Contents I. Sector Overview 1. Sector Highlights 2. Main Sector Indicators 3. Sector Revenues & Profits 4. Sector Costs Overview 5. Investments

More information

A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market

A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market E M B E D D E D D E V E L O P E R 2 0 1 2 C H I N A I D H R E P O R T Independent Design Houses in China A 2012 Report on Understanding the Trends and Value Proposition of the IDH Sector in the China Market

More information

Brazil-China-India meeting on HVDC and Hybrid Systems, planning and Engineering Issues

Brazil-China-India meeting on HVDC and Hybrid Systems, planning and Engineering Issues Rajendra Iyer Project Manager- HVDC Projects Brazil-China-India meeting on HVDC and Hybrid Systems, planning and Engineering Issues Rio de Janerio, Brazil July 16th-18th, 2006 HVDC Systems Planning Considerations

More information

Carlos Fernández Alvarez. Senior Coal Analyst

Carlos Fernández Alvarez. Senior Coal Analyst Carlos Fernández Alvarez. Senior Coal Analyst AGENDA BACKGROUND What is coal, how is coal mined, where is coal used for COAL ATTRIBUTES Coal is cheap, abundant and diversified SUPPLY AND DEMAND TRENDS

More information

The People s Republic of China

The People s Republic of China Tax The People s Republic of China Tax Facts and Figures 2007 PricewaterhouseCoopers. All rights reserved. "PricewaterhouseCoopers" refers to the China firm of PricewaterhouseCoopers or, as the context

More information

German Business in China

German Business in China German Business in China Business Confidence Survey 2015 Press Conference China German Business in China Key Developments China has emerged as one of Germany s most important international partner economies.

More information

Evolution from Mega-Cities to Mega-Regions in China and Southeast Asia

Evolution from Mega-Cities to Mega-Regions in China and Southeast Asia Evolution from Mega-Cities to Mega-Regions in China and Southeast Asia By Keiichiro Oizumi Senior Economist Center for Pacific Business Studies Economics Department Japan Research Institute Summary 1.

More information

Rural Energy Consumption and its impacts on Climate Change

Rural Energy Consumption and its impacts on Climate Change Rural Energy Consumption and its impacts on Climate Change Rural Energy Program Global Environmental Institute 2011 With Support from: 1 Content Executive Summary... 4 Acknowledgements... 6 1. Introduction...

More information