Chongqing ，a city in the Midwest ，a new destination for foreign investors

The "2018 Chongqing Foreign Investment Environment Evaluation Report" released in January this year shows that Chongqing is the only municipality directly under the central government, and Chongqing has a significant advantage in attracting foreign-invested enterprises.In 2019, China (Western) “One Belt, One Road” cross-border investment and trade matchmaking meeting was held in Chongqing on the 17th, attracting 190 overseas companies from 22 countries and regions and 440 Chinese companies from China's western provinces and cities such as Chongqing. Co-sponsored by Chongqing Municipal People's Government and Bank of China, the matchmaking meeting aims to strengthen cooperation in international advantageous production capacity, foster and expand Chongqing's industrial and commercial enterprises and countries along the “Belt and Road”, especially the Central Europe (Chongqing) and “Luhai New Channel”. Exchanges and cooperation between enterprises in the countries and regions along the line.Lin Jingwei, deputy governor of the Bank of China, said that Chongqing has become the frontier of openness in western China. A good manufacturing base, an excellent business environment, and preferential policies and measures have created conditions for overseas entrepreneurs to invest and develop.Good manufacturing baseIn 2019, Chongqing will continue to increase investment promotion efforts, focus on the use of foreign key industries, and combine the actual situation in Chongqing to determine the manufacturing industry with big data, artificial intelligence, biomedicine, new energy and new materials as the core, as well as R&D and settlement. Modern service industry with modern logistics as the core takes the development direction of utilizing foreign capital, attracts internationally renowned enterprises to settle in, promotes the concentration of key industries, and drives the city's industrial transformation and upgrading. Huang Guohui, CEO of Singapore-based trading company, took part in the docking talks with multiple intentions. On the one hand, he hopes to export health food to the Chinese market, and on the other hand, he wants to import solar panels from China to Southeast Asia and Africa. "China made" generators, buses and other vehicles are also the products he wants.Excellent business environmentIn terms of expanding the use of foreign investment platforms, Chongqing should play a good role in the platforms of the Liangjiang New Area, the Chongqing Pilot Free Trade Zone, and the Sino-Singapore Interconnection Demonstration Project.At the same time, Chongqing will also create a legal, international and convenient business environment, strengthen investment in major projects, and focus on key countries, regions, cities and Fortune 500 companies and top 100 leading enterprises in the industry. Responsibility, precision investment, and inventory management, especially strengthen the connection with the Asia-Pacific headquarters of the world's top 500 companies and China headquarters, and enhance the pertinence and effectiveness of investment promotion work.Preferential policy measuresWhile making good use of the central government policy, Chongqing has further refined its implementation plan, innovated the introduction of local policy “combination boxing”, enriched the preferential policies for attracting foreign investment, and formed a preferential policy for foreign investment in the central and western regions.The city also plans to address the difficulties of financing, financing, employment and labor for foreign-invested enterprises; improve the coordination mechanism for foreign complaints, timely introduce foreign investors' complaints and coordination methods, protect the legitimate rights and interests of foreign-invested enterprises; focus on improving living facilities and introducing international schools International hospitals, foreigners working for foreign-invested enterprises to solve their worries about their children's enrollment and family medical treatment.

Why the "Southeast Asia Investment" is particularly popular?

The Southeast Asian market has been very popular in the past two years. After China and India, the Southeast Asian market has become an emerging blue ocean market. With its huge demographic dividend and steady GDP growth, it has attracted large enterprises and e-commerce platforms to invest heavily in Southeast Asia.Southeast Asia consists of 11 countries: Vietnam, Laos, Cambodia, Thailand, Myanmar, Malaysia, Singapore, Indonesia, Brunei, the Philippines and East Timor.In the past, European countries and America were deeply favored and sought after by everyone. Whether it is overseas home ownership or immigration, European and America are undoubtedly the first choice for everyone.With the increasing threshold of investment in Europe and the United States, and the influence of the economic situation and national policies, the popularity of the European and American countries has been reduced a lot, so these groups have begun to look for new investment opportunities.0 1Southeast Asian DemographicSoutheast Asia has a large population density, and the current population has reached 630 million (including 60% of the youth population), accounting for 8.6% of the world's total population. Nearly 50% of them are urban population, and the median age is about 29 years old.Under the severe trend of global aging, the working-age population in Southeast Asia will continue to grow until 2020. The advantage of the demographic dividend is conducive to the formation of a larger consumer market in Southeast Asia.0 2Cheap LaborSoutheast Asia has a large population, and the youth population accounts for 60% of the total population. Its labor force is sufficient and cheap, and it will promote the improvement of manufacturing industry in Southeast Asia.Take Indonesia as an example: the per capita wage in 2017 is only $300 per month, the average Chinese wage is $738 per month, while the US is $4,814 per month. With the help of low cost, Southeast Asia has great development prospects.0 3Mobile Internet Technology PopularizationSoutheast Asia is a land that full of unknowns and imagination. This area, which has a population of 650 million people, is still in the “original period”.With the growing middle class and the increasing popularity of mobile Internet technologies, Southeast Asia has become the fastest growing market for Internet users worldwide. 0 4Great Potential for Market DevelopmentAccording to public information, in 2016, Southeast Asia's e-commerce retail sales accounted for 1.3% of total retail sales, far lower than China's 17.1%, and development is still in the “original period”.Experts predict that by 2025, the total e-commerce market in Southeast Asia will reach 88 billion US dollars, with an annual growth rate of 32%. The total e-commerce market in all Southeast Asian countries will each exceed $5 billion.

60% of Chinese companies see net profit growth in 2018

Nearly 60 percent of Chinese companies saw net profit growth last year, and about 11.29 percent of them achieved a more than 100 percent increase, China Securities Journal reported on Tuesday.About 1,988 companies' net profit attributable to shareholders of the parent company increased on a yearly basis in 2018, according to annual reports from 3,400 companies listed on the Shanghai and Shenzhen stock markets.Around 976 companies' net profit growth rate surpassed 30 percent, and about 384 companies' net profits increased more than 100 percent in 2018, statistics from financial data analyzer Wind showed.Total operating revenue of the 3,400 companies reached 43.91 trillion yuan ($6.52 trillion) in 2018, up 12.79 percent year-on-year. Net profit attributable to shareholders of the parent company increased 2.67 percent year-on-year to 3.45 trillion yuan in the same period, the report said.The net profit increase rate of industries including construction materials, petroleum, petrochemicals, steel, iron, food, beverage and retail, increased more than 15 percent last year.The Bank industry's net profit increased 5.5 percent to 1.47 trillion yuan in total volume in 2018, accounting for about 40 percent of A-share companies' total net profit.The performance of big companies was good but some small and medium-sized companies didn't fare very well due to downward economic pressure in 2018, said Yang Delong, chief economist at the Shenzhen-based First Seafront Fund.However, with the implementation of policies to cut taxes and fees, the overall performance of small and medium-sized companies is expected to improve in 2019, Yang said.The performance of small and medium-sized companies may have hit bottom, and with the improvement of the finance environment their performance is projected to improve in 2019, according to a report by Everbright Securities.This projection has been vindicated by reports from about 3,100 listed companies on Shanghai and Shenzhen stock bourses for the first quarter this year, during which these companies' operating revenue reached 6.3 trillion yuan, up 28.57 percent on a yearly basis.These companies' net profit attributable to shareholders of the parent company increased 35.72 percent year-on-year to 557.1 trillion yuan in Q1 2019.In the same period, 1,859 companies' net profit increased year-on-year, accounting for nearly 60 percent of the 3,100 total. Among these, about 953 companies had net profit increases of more than 30 percent, the report said.Companies that doubled their net profit in Q1 this year were mainly in segmented industries including mechanical equipment, fine chemicals, computers, electronics, aquaculture and brokers.The performance of the breeding and consumption sectors will improve this year; benefiting from 5G commercialization, the profitability of the electronics sector will increase and the new energy automobile industry will have more room for development, Yang said.About 3,627 companies are currently listed on the Shanghai and Shenzhen stock exchanges, with 1,468 on the former and 2,159 on the latter, according the exchanges' official websites.Source: China Daily

China's industrial profit surges 13.9% in March

The profits of China's major industrial firms surged by 13.9 percent in March, a drastic rebound compared to the 14-percent decline in January-February period, official data from the National Bureau of Statistics (NBS) showed Saturday.Production and sales of these firms picked up in March, with the aggregated industrial value added expanding by 8.5 percent year-on-year, 3.2 percentage points higher than that in the January-February period.Operation revenue jumped by 13.7 percent year-on-year in March, 10.4 percentage points more than that in the January-February period.Stabilizing prices served as another driver of the rebound, according to an NBS analysis. The producer prices rose 0.4 percent year-on-year in March, ending a decline for eight months in a row.The purchasing prices for raw materials edged up 0.2 percent from a year ago, 0.1 percentage points higher than that in the January-February period.Preliminary estimates showed that the price changes added 26.8 billion yuan to industrial profits in March, and the contribution of price changes to industrial profit growth rose by 4.5 percentage points from that in the January-February period, said senior statistician Zhu Hong from the NBS's Industrial Bureau.Source: China Daily

The advantages of investing in Vietnam

According to recent data released by the Foreign Investment Bureau of the Ministry of Planning and Investment of Vietnam, Vietnam attracted foreign investment with US$10.8 billion in the first quarter of 2019, a significant increase of 86.2% year-on-year, the highest in the same period in three years. In the same period, Vietnam actually utilized foreign capital of 4.12 billion US dollars, an increase of 6.2%.The data show that in the first quarter of this year, Vietnam's investment from China reached 36.2 billion yuan, followed by Singapore, reaching 9.7 billion yuan; the third was South Korea's investment, which was 8.7 billion yuan; the fourth was Japan, which reached 4.6 billion yuan. Moreover, in the proportion of total foreign investment, Processing and Manufacturing accounted for 77.07%, Real Estate accounted for 7.2%, and other sectors accounted for 15.1%. The advantages：1. Vietnam promotes trade liberalization. The trade agreement drastically reduced the external tariffs on its exports, helped Vietnam to integrate into the global economy, and accelerated the attraction of foreign investment. For example, in January of this year, the "Comprehensive and Progressive Trans-Pacific Partnership Agreement" (CPTPP) came into force in Vietnam. At the end of 2019, the EU and Vietnam are expected to formally sign the EU-Vietnam Free Trade Agreement. The two major agreements are hugely benifit for Vietnam's manufacturing exports. According to the agreement, Vietnam’s export tariffs will be greatly reduced, while the EU cuts tariffs by 99%.2. Vietnam has a huge demographic dividend. On the one hand, Vietnam has a large population and is young. It is estimated that by 2030, half of the 650 million people in Southeast Asia will be under 30 years of age. On the other hand, low wages are one of the main factors for Vietnam to improve its competitiveness. At present, the monthly salary in the eastern coastal areas of mainland China is about 500 US dollars, while Vietnam is around 200 US dollars.3. In 2015, Vietnam relaxed the control of foreigners buying houses, which made many foreigners buy houses in Vietnam.

The Kova Group has cooperated with Tanikawa

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.