0086-10-53270173

subscribe
language

Shanghai focuses on promoting the opening of Aviation and Other fields

July 12 2018

In the “100 measures to further expand opening-up” action plan released by Shanghai on the 10th, the leading industries such as automobiles, aircraft and ships are key open areas. At the press conference of the municipal government on July 11, Huang Ou, the deputy director of the Shanghai Economic and Information Committee, introduced that Shanghai encourages foreign investors to invest in advanced manufacturing and fully implements the pre-entry national treatment plus negative list management system. Focus on promoting further opening up in the fields of automobile, aviation, shipbuilding, green import remanufacturing and maintenance, and promote the operation of major industrial projects. And will develop the automobile and electronic information industry, and actively cultivate industrial clusters such as civil aviation, biomedicine, high-end equipment, and green chemicals.He said that according to the national deployment, it will speed up the elimination of restrictions on foreign-investment ratios in the automobile manufacturing industry and the number of joint ventures of OEMs. Attracting world-renowned Foreign-Funded Enterprises to build R&D centers and High-end Automobile Projects, supporting high-performance motors, batteries, electronic control and other core components supporting projects.The aviation industry will attract foreign investment in aircraft engine assembly, airborne systems and key components, support foreign investment in Shanghai to develop aircraft maintenance and department maintenance services, and strengthen cooperation in talent, technology and management.At the same time, cancel the foreign investment restrictions in the aircraft industry, including trunk aircraft, regional aircraft, general aircraft, helicopters, drones, and aerostats.The Shipbuilding Industry will carry out international cooperation at a higher level, insisting on the direction of high-tech ships and offshore engineering equipment, and canceling foreign investment restrictions in ship design, manufacturing and repair. Support foreign investment in the development of luxury cruise ships and other high-end shipbuilding, ship design and research and development and other high-end industrial chain, support foreign high-end ship equipment, key parts and components projects.In the green import re-manufacturing and maintenance industry, the national import high-end equipment re-manufacturing industry demonstration park will be built. Accelerate research to provide support and assistance to Foreign-funded Enterprises engaged in green re-manufacturing and global maintenance operations, and actively assist in the approval process for imported equipment in the re-manufacturing process.

Shanghai expo to advance sustained growth in trade

June 08 2018

Preparatory work is in full swing for the forthcoming China International Import Expo in Shanghai, with organizers getting enthusiastic responses from companies both at home and abroad.According to the organizers, more than 160 Fortune 500 companies' delegates and industry leaders have indicated their willingness to participate in the exhibition. Companies from over 120 countries and regions are expected to attend the exhibition.The organizers will also look to rope in over 150,000 domestic and overseas buyers in the next five months. To date, 98 State-owned enterprises are among the first group of buyers at CIIE. Local governments of other regions have also started to set up their own trading groups.Three forums will be held at CIIE from Nov 5 to 10, attracting more than 800 participating companies. Themed around opening-up, creativity and investment, the forums will discuss ways to further promote free trade and investment, create a more open world economy, discover new growth areas for world trade and advance the sustained growth of world trade.The exhibition organizer has made great offline and online efforts for CIIE. On April 18, CIIE launched an online trading platform which aims to give the six-day event an extended life online throughout the year. With this, companies participating in the exhibition will be able to display their products, seek potential partners, and complete online trading with digital payment systems.In addition, the organizer also held a meeting for 47 buyers and 25 exhibition participants to bridge the supply and demand gap, which will hopefully lead to better transaction results.Shang Yuying, director of the Shanghai Commission of Commerce, said that the municipal government has chosen a number of large-scale comprehensive bonded exhibition and trading platforms to provide precise trading services to more companies. To that end, the local customs district in Shanghai is also exploring a new management model so that the bonded exhibition can be held throughout the year."CIIE is an ideal opportunity for Shanghai to upgrade its trade, consumption and opening-up," she said."With this, Shanghai will be able to build a global import trade promotion network, attract internationally competitive commodities and services, attract more trading entities to settle down in the city so that Shanghai's creativity and competitiveness will be greatly enhanced," she added.Shang also pointed out that one of the major tasks for the CIIE organizers is to complete the cooperation mechanism with neighboring provinces including Jiangsu, Zhejiang and Anhui, aiming at building a number of commercial, travel, cultural and sports brands featuring the Yangtze River Delta region.Source: China Daily

Hainan to take on bigger roles in reform, opening-up

April 16 2018

China's southernmost province is going to take on bigger roles in pushing the country's reform and opening-up as a rosy blueprint has been rolled out for the tropical island.Efforts will be made to turn Hainan Province into a pilot zone for deepening reform and opening-up on all fronts, a pilot national ecological zone, an international tourism and consumption center, and a major national strategic logistics zone.These grand goals were outlined Friday at a gathering celebrating the 30th anniversary of the founding of Hainan Province and the Hainan Special Economic Zone.Striving to become a new model for deepening reform and opening-up on all fronts and achieve a higher level in this regard is the best way to celebrate the province's 30th anniversary as well as one major move to mark the 40th anniversary of China's reform and opening-up, Chinese President Xi Jinping said at the gathering.China will develop Hainan into a vivid example of socialism with Chinese characteristics for a new era and make the island province an example for the nation, added Xi, also general secretary of the Communist Party of China (CPC) Central Committee and chairman of the Central Military Commission.TOWARD A FREE TRADE PORTAs China's largest special economic zone, Hainan is going to integrate further with the global economy.Xi announced a decision by the CPC Central Committee to support developing of Hainan into a pilot free trade zone and support Hainan to gradually and steadily push ahead with the building of a free trade port with Chinese characteristics.A free trade port is the world's most open form of economic zone, which has brought prosperity to places like Singapore and Hong Kong thanks to its broad-based preferential policies on trade and investment.Hainan should focus on tourism, modern services, and high-tech sectors instead of intermediary trade and manufacturing, while efforts will be made to pilot more flexible policies and regulation mechanism to improve business environment, Xi pointed out.Xi also encouraged Hainan to conduct multi-level and multi-field cooperation with countries and regions along the Belt and Road and facilitate exchanges in culture, education, agriculture, and tourism.China welcomes investors worldwide to invest and start businesses in Hainan and participate in the building of a free trade port, thus sharing the country's development opportunities and outcomes of its reform, Xi said.A PIONEER IN HIGH-QUALITY ECONOMIC DEVELOPMENTHainan should resolutely implement the new development concept to build a modernized economy and come to the forefront of promoting high-quality economic development, Xi pointed out.The Chinese economy has transitioned from a phase of rapid growth into a stage of high-quality development, according to the 19th CPC National Congress.The island should develop new-generation information technology and the digital economy and integrate the latest technologies like big data,Internet and artificial intelligence with the real economy, Xi said.Modern services including medical care and finance should be a major pillar of Hainan's economy, especially tourism, as being an international tourism destination is drawcard of Hainan.To develop the island into an international tourism and consumption center, China plans to make the offshore duty-free shopping policy in Hainan to cover all outbound tourists. Currently Hainan has two duty-free shops, with one in the provincial capital of Haikou and the other in the resort city of Sanya on the southern tip of the island.Hainan also should make full use of its unique resources to develop tropical agriculture and the maritime economy, Xi added.AN ECOLOGY & TALENT-FRIENDLY ISLANDXi stressed that all the above developments should be green to make the tropical island a garden for the country throughout the year.The CPC Central Committee has decided to support the province to build a national ecological development pilot zone, with the strictest ecological and environmental protection mechanism and a modern regulation mechanism.It will take global talent to see these ambitions come true and the province is encouraged to attract high-quality education resources and international professionals.Technical personnel and those with professional skills from foreign countries as well as those from Hong Kong, Macao, and Taiwan, will be allowed to work and apply for permanent residence permits in Hainan.Meanwhile, overseas students with master's degrees or above from Chinese universities will be allowed to work or start businesses in Hainan, Xi said.Xi also called for support for the province to establish management systems for recruitment of high-tech personnel from overseas and develop a more open mechanism in this regard.Xi urged local officials to take a long-term vision and devote themselves to achieving these goals."All great achievements are made with continuous effort and all great causes are moved forward as we carry on from the the predecessors," Xi said.

Xiongan project's funding plan may be national model

March 23 2018

An innovative fundraising model for construction projects in China's Xiongan New Area and the creative property policies being discussed for the area could become national benchmarks as the country explores a long-term mechanism to stabilize the property market, according to a senior executive of one of China's largest construction contractors.The new model-integrating investment, construction, operation and fund management-was jointly launched last year by China State Construction Engineering Corporation Ltd (CSCEC) and China Xiongan Construction and Investment Group Co Ltd to build the Citizen Service Center in North China's Hebei province."That model is unprecedented in China, based on an idea of the sharing economy that could effectively ally investors with various resource advantages and jointly manage projects during the whole lifecycle," said Zhou Yong, vice-chairman of China Overseas Holdings Ltd, the listed subsidiary of CSCEC.On Nov 22, 2017, the CSCEC won the bidding for the 100,000-square-meter Citizen Service Center construction project-the so-called first bid of Xiongan New Area.The project, located in Rongcheng county, is a building complex composed of multiple government service centers, training centers and office buildings, and it will be used for exhibition of the New Area's planning, government services and conferences. The whole project can provide offices for 3,000 people and accommodations for 500 people, according to data provided by the group."The construction is going well so far, and it has entered the final decoration stage. We hope it will be the first high-quality, satisfactory project to set the benchmark for the area's development," said Zhou, who is also a member of the 13th Chinese People's Political Consultative Conference.Zhou, who leads a group that had a total asset value of 579.8 billion yuan as of June 2017, also suggested that the Public-Private Partnership management model being used in Xiongan could help prevent illegal fundraising and increased debt risks."Investment of the Citizen Service Center is following the PPP model ... which we can study for a more efficient and fair coordination between the government and social capital," Zhou said.The entire construction process, including designing and collecting funds, is expected to be complete in only a five-month period. Even during the Spring Festival holiday in February, more than 3,000 workers remained at their posts at the center's construction site."High-quality" and "high-speed" can reflect the key principles of building the New Area, according to the political advisor."Innovation is also encouraged in the area and I believe some of the existing policies could be replaced by new models, targeting a longterm mechanism for healthy development of the property market."Possible measures may include encouraging the rental market and speeding up the renovation of shanty towns, while stabilizing housing prices and preventing bubble bursts, experts said.Some pilot programs could be launched first in Xiongan New Area and then extended to the whole country when the programs have matured, they said.

Shanghai expo is platform for British exports

February 27 2018

Expanding Chinese market offers big opportunities to UK businessesThe first ever China International Import Expo, taking place in Shanghai in November, will be a good opportunity for Britain to show its products and services to new Chinese buyers, said the chairman of the China-Britain Business Council.James Sassoon said United Kingdom companies are excited about the possibilities presented by the expo because there are already 430 million middle-class Chinese consumers hungry for the best quality goods and services from around the world.“Those 430 million will rise to about 750 million in the next few years, so this is a great opportunity for UK businesses,” he said. “We think what we have to present at the expo is what Chinese consumers want to buy.”The expo, which was announced by President Xi Jinping last May and will run from Nov 5 to 10, is the first of its kind and seeks to further open up the Chinese market to the world.British international trade secretary Liam Fox has confirmed he will attend, and Sassoon said this showed “very good commitment from the government and business” to the expo.“It’s because we want to show off the best we have whether it’s in automotive, tourism, healthcare or creative industry — there is so much in the UK that has to present right across the board. We will be there,” he added.Sassoon accompanied British Prime Minister Theresa May on her recent trade mission to China, which sealed 9 billion pounds ($12.5bn) worth of new agreements. He said the three-day visit to Beijing, Shanghai and Wuhan, was eye-opening for the prime minister.“I know from talking to her, she understands now much better why British businesses are so enthusiastic to put the emphasis on China markets,” he said.“It was an excellent visit both for her to understand the business opportunities, but also we move now into the ‘golden era’ 2.0.”Sassoon admitted May does not have the same background of visiting China as previous UK leaders, but pointed out that she understands the importance of theUK-China relationship, as demonstrated by the fact that China was the only country described by May as a vital trading partner for the UK in her keynote speech to business leaders at the Lord Mayor’s banquet last November.Sassoon also said the China-proposed Belt and Road Initiative was perhaps the clearest example yet of how the two countries can work together.“Business on both sides have these complimentary skills,” he said. “China with its lead in engineering and construction on one hand, and the UK with its undoubted leadership in project management, legal construct for major infrastructure projects and financing in risk management.”The remaining challenge, he said, was for the UK and China to identify a list of projects that third countries want to work on, so that Chinese and UK businesses can start focusing on such projects. Another key area, he added, is to define the standards that make these big projects financeable on market terms in the global market.

EMAIL

china@tanikawa.com

PHONE

0086-10-53270173

Leave Your Message

SOCIAL

Contact
If you need any help from us. Please leave your contact information ,we will be touch shortly. You also can email us if you would prefer.