Tianjin Jingjin E-commerce Industrial Park is located in the northeast of Wuqing District, Tianjin, and is an important connection in the Beijing-Tianjin-Hebei Interchange area. In recent years, relying on the unique location advantages to develop rapidly, it has been approved as one of the second batch of “National E-Commerce Demonstration Bases”. Under the strong promotion of Tanikawa, the Kova Group successfully signed a contract to enter the Tianjin Jingjin E-commerce Industrial Park.Based on high-end stomatology diagnosis and treatment, Kova combines advanced medical concepts with high-end private services, and continues to expand and enterprising, and serve customers in the better way. At the same time, it has also gathered a number of internationally renowned dental professionals, specializing in postdoctoral and postdoctoral degrees in stomatology, and setting up a team of professional experts to provide a comprehensive guarantee for comprehensive diagnosis and treatment. For more than ten years, the company has more than 100,000 members. The service group includes many famous celebrities such as famous host, stylistic star and popular model. It is the designated Oral Health Care Institution of many Fortune 500 companies. It is also a partner organization for more than 20 insurance groups in the world, such as AIG in the United States.
Date 1GDP: 6.4% growth, economic operation in a reasonable rangeAccording to the statistics of the National Bureau of Statistics, the preliminary calculations showed that the GDP in the first quarter was 2,13,433.3 billion yuan, which was 6.4% year-on-year at comparable prices, which was flat compared with the fourth quarter of last year.In general, the national economy continued to operate in a reasonable range in the first quarter, continuing the overall stable, steady and progressive development trend, and the positive factors gradually increased, laying a good foundation for the stable and healthy development of the economy throughout the year.Data 2Taxation: The growth rate dropped by 11.9 percentage points, and the negative effect continued to appear.In the first quarter, the national tax revenue increased by 5.4%, and the growth rate dropped by 11.9 percentage points year-on-year. Among them, the domestic value-added tax increased by 10.7%, down 9.4 percentage points from the same period of last year; personal income tax fell by 29.7% year-on-year, and the growth rate dropped by 50.4 percentage points. Special income such as education surcharges decreased by 0.8% year-on-year, and the growth rate dropped by 14.3 percentage points.Data 3Financial revenue: An increase of 6.2%According to statistics from the Ministry of Finance, the national general public budget revenue in the first quarter was 536.56 billion yuan, an increase of 6.2%; the expenditure was 586.29 billion yuan, a year-on-year increase of 15%, an increase of 4.1 percentage points over the same period of last year, and the efficiency of the use of fiscal funds was accelerated.Data 4Foreign Trade: An increase of 3.7%, achieving a smooth startAccording to customs data, the total value of China's import and export of goods in the first quarter was 7.01 trillion yuan, a year-on-year increase of 3.7%. In March, China's imports and exports increased by 9.6%, of which exports were particularly bright, achieving 21.3% growth.At present, the dynamism of the world economy and trade is weakening, and foreign trade development faces many uncertain factors. China's first-quarter foreign trade has achieved a smooth start, which is closely related to China's introduction of a series of measures to stabilize foreign trade and expand openness. Under pressure, China's foreign trade should be stabilized and upgraded. On the one hand, foreign trade enterprises should accelerate their transformation, on the other hand, they should optimize the trade structure.Data 5Consumption: nearly 10 trillion yuan, the main driver of economic growth is still strongIn the first quarter, the total retail sales of consumer goods nationwide totaled 977.90 billion yuan, an increase of 8.3% year-on-year. Among them, the online retail sales amounted to 2,237.9 billion yuan, an increase of 15.3%. The contribution of final consumption expenditure growth to economic growth was 65.1%, and consumption continued to be the dominant force in demand. Among the final consumption expenditures of all residents, service consumption accounted for 47.7%, an increase of 1.4 percentage points over the same period of the previous year.Data 6Foreign capital: Foreign investment increased by 5.5% in the first two monthsAccording to data from the Ministry of Commerce, in the first two months of this year, China’s actual use of foreign capital was 147.11 billion yuan, an increase of 5.5%. Among the main sources of investment, South Korea, the United States, the Netherlands, Germany, and France increased their investment in China by 35.6%, 44.3%, 174.8%, 39.9%, and 113.3%, respectively. The actual utilization of foreign investment in the Pilot Free Trade Zone increased by 35.1%.
As a key Industrial Park for the implementation of national coastal development and Yangtze River Delta integration development strategy, Sutong Technology Industrial Park has always been committed to integrating production, life, commerce and residence and becoming a high-tech, ecological, international and comprehensive “Jianghai Eco-city, International Pioneer Park”. As a investment cooperation partner of the park, Tanikawa has thoroughly implemented the concept of “Internet + Merchants” and combined with experienced professional investment team to introduce quality projects for the park. Among them, Shanghai Shangyang Fluid Technology Co., Ltd (Sun-Central) successfully signed a contract with Sutong Science and Technology Industrial Park under the help of Tanikawa.Sun-Central developing pollution-free advanced production processes and clean production technologies, Shangyang Fluid is committed to protecting vital resources that are closely related to life – clean water, fresh air, Rich minerals and energy, safe food, GMP-compliant medicine and a healthy environment.At present, Shangyang Fluid provides high-performance filter materials and filtration equipment for more than 60 countries and regions in Europe, America, Asia and the Middle East. It provide a full range of cleaner production solutions and services for vehicle manufacturing industry, food processing industry, thermal power generation, oil and gas, mineral extraction processing industry, and to create a cleaner, safer, healthier, and more sustainable world.
Strix is a listed company in London, the world's largest manufacturer of kettle thermostats, which accounts for 40% of the global market in the same industry. The company has nearly 500 global patents and nearly 1,000 employees. With the continuous increase in investment in China, it is extremely urgent for Strix to set up new companies.After careful consideration, Strix decided to invest 30 million US dollars to set up an Asia-Pacific regional R&D center and a centralized production base. At the same time, they chose to cooperate with Tanikawa to carry out entrusted site selection. According to our company's understanding, the company's intention area includes many core cities in Guangdong Province. Because the Strix's business involves domestic sales, it has extremely high requirements for transportation convenience and labor cost.On the basis of in-depth insight into the needs of Strix, Tanikawa's Pearl River Delta localization service team responded quickly, inspected the investment areas, conducted multi-party research on location transportation, production costs, and business environment, and sorted out various investment plans. The large amount of materials and data formed by professional site selection personnel day and night to provide valuable reference information and site selection advice for enterprises, but also played a key role in enterprise location decision.Relying on the Science Site Selection Decision Model from Tanikawa, after repeated rounds of screening and negotiation, the two sides gradually designated the intention area as Guangzhou City and further narrowed it to Zengcheng District. In less than one year, the project was successfully settled in Zengcheng District. Zengcheng District's superior location conditions, beautiful green environment and good surrounding facilities were quickly recognized by the Strix Headquarter. At the same time, as an industry leading enterprise, the company will add new development momentum to the industrial cluster development in Zengcheng District.
China will take measures to reduce government-levied charges and operating service charges in order to further lessen the burden on businesses and individuals.The personal postal articles tax rates will be lowered to expand imports and boost consumption, the State Council executive meeting chaired by Premier Li Keqiang decided Wednesday.Li pledged in this year's government work report to take reform measures for lowered business-related charges. Electricity costs in manufacturing will be reduced, and the average electricity price for general industrial and commercial businesses will be cut by another 10 percent.A number of railway and port charges will be abolished or reduced. The average broadband service rates for small and medium-sized enterprises will be cut by another 15 percent and the average rates for mobile internet services by more than 20 percent.It was decided at the meeting that starting July 1, charges on real estate registration will be cut or canceled. The coverage of patent application and annual fee reductions will be expanded.Charges on exit and entry travel documents such as private passports, registration of certain trademarks, and radio frequency uses in electricity and the Internet of Vehicles will be further reduced. Significant reductions in these charges are required.For example, the ownership registration fee for real estate such as garage and parking spots will be reduced from 550 yuan (about 82 US dollars) to 80 yuan each. And the registration fee for continued use of trademarks will go down from 1,000 yuan to 500 yuan.Payments to national major water conservancy construction fund and the civil aviation development fund will be halved. Charges for national cultural programs faced by centrally-administrated enterprises and institutions will be cut by half, effective until the end of 2024.It was also decided at the meeting to reduce mobile internet service rates and lower broadband service rates for small and medium-sized enterprises by about 180 billion yuan in 2019, trim the average electricity price for general industrial and commercial businesses, lower prices for rail freight transport, cut or merge port charges, and revoke the charge for citizens' ID information certification.The measures identified at the meeting Wednesday are the most recent moves for fee reduction following the lowering of the social insurance contribution rate. Full delivery of these measures is expected to lighten the fee burden on companies and individuals by more than 300 billion yuan in 2019."Tax and fee cuts are our key measure to tackle the downward economic pressure this year. They are a major policy initiative. Cutting fees could serve multiple purposes. All government departments must do their best to effectively ease the burden on businesses and deliver real benefits to consumers," Li said. "This will also boost our industrial development."Participants of the meeting also worked out measures for cutting the personal postal articles tax rates. Starting April 9, the tax rate on food and medicine will be cut from 15 percent to 13 percent, and the tax rate on textiles and electrical appliances will be trimmed from 25 percent to 20 percent.
The Caixin/Markit Manufacturing Purchasing Managers Index showed that China entered expansion territory in March, indicating a notable improvement in the country's manufacturing sector.Economists said the rise showed policies to bolster growth have begun to pay off, and the world's second-largest economy is likely to achieve steady expansion this year.The PMI, released on Monday, recovered for the second consecutive month and stood at 50.8 in March, versus 49.9 in February.A reading above 50 indicates expansion, while one below reflects contraction.The result was in line with the official PMI reading, which came in at 50.5 in March, compared with 49.2 in February, with all five subindexes registering improvements, the National Bureau of Statistics said on Sunday."Activity in the manufacturing sector expanded as the Spring Festival holiday ended, while higher market confidence also contributed to the rise in the PMI," said Liu Chunsheng, an associate professor of economics at Central University of Finance and Economics in Beijing.Market confidence has been bolstered by tax cuts and other policies aimed at stabilizing the economy, concrete reform and opening-up measures, and recent progress in trade talks, Liu said."Moreover, signs of stabilizing employment are very encouraging, as they may point to more room for policymakers to maneuver toward a balance between economic restructuring and stable growth," he added.According to Caixin, staffing levels at goods producers increased in March, marking the first expansion since October 2013. Meanwhile, they have an optimistic outlook regarding production for the coming year, which improved to a 10-month high in March.Despite the improvements in the economic situation, potential risks that may weigh on the Chinese economy still exist, ranging from external uncertainties to domestic factors such as sluggish consumption and financial risks, economists said.Michael Spence, a professor at New York University and a Nobel laureate in economics, said the Chinese economy will "slow a bit" this year amid the slowing global economy and trade frictions."And I think the reforms, which have been announced, are serious reforms, ... helping get rid of at least a component of the trade frictions," Spence said on March 23 at the University of International Business and Economics in Beijing.To tackle economic headwinds, China has pledged to deepen reforms to vitalize market entities, such as value-added tax reforms that took effect on Monday meant to lower burdens on enterprises.Moreover, China recently adopted the Foreign Investment Law, a move aimed at building a business-friendly environment that is more integrated with the world.Hua Changchun, chief economist at Guotai Junan Securities, said in a research note that infrastructure construction is expected to drive recovery in the second quarter, adding that full-year GDP growth may come in at 6.4 percent.The Caixin/Markit Manufacturing PMI showed both domestic and external demand improved, said Zhong Zhengsheng, director of macroeconomic analysis at CEBM Group, a subsidiary of Caixin.Source : China Daily
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