By Ryan Beers
Yesterday, China Quanjude
(Group) Co. (famous for their Peking Duck
restaurants) announced that they were going to raise US$50 million through an initial public offering in Shenzhen!
The Shenzhen Daily
※Quanjude, which owns nine restaurants and franchises and another 61 outlets with its brand, plans to use the IPO
proceeds to renovate its stores, expand its network and update its logistics systems.§
I know that it is simply a company, selling a product, and going public 每 but it just seems so humorous! It made it to the front page of Shenzhen Daily, so clearly I＊m not the only one who thought so!
September 27, 2007, 5:51 pm
Patent, Trademark and Copyright professionals of LEHMAN, LEE & XU at INTA meeting in Chicago 2007. The firm delegation was the largest number of IP lawyers to attend the event from the People's Republic of China.
The results are in on the Managing IP
＊s World IP Survey: once again, LEHMAN, LEE & XU ranks among the top Chinese firms in patent prosecution, patent contentious, trademark prosecution, and trademark/copyright contentious.
LEHMAN, LEE & XU＊s patent prosecution practice is led by PRC patent attorneys Lucy Wang and Frank Chen. The firm＊s patent dispute practice is led by PRC attorneys Wang Donghui and Ryan Tang, who also leads the trademark/copyright contentious practice with PRC attorney and trademark agent Grace Wang.
Congratulations to our patent, trademark, and copyright team!
＊s World IP Survey 2007 is one of the world's most extensive surveys of the global IP market.
September 26, 2007, 6:53 pm
Mattel has apologized for its recent massive toy recall, stating that ※the vast majority of recalled Chinese-made toys were due to design flaws rather than the manufacturing errors of local Chinese manufacturers.§ The incident had further inflamed the global backlash against Chinese-made products, which have been increasingly viewed as unsafe by consumers outside of China.
Well, that＊s not so great for Mattel, but even worse for the formerly successful toy manufacturer whose company, Lida Toy Company, produced the leaden toys recalled by Mattel. In August, Zhang Shuhong took his own life, taking care to pay his workers the wages they were owed before committing the act. The recall incident cost Lida Toy Company US$30 million and incurred a ban from exports to the United States, despite the fact that the defective paint had been supplied by a different company. Before the incident, the firm had employed approximately 5000 workers, with no prior history of recalled products.
According to the People＊s Daily, Chinese-made goods comprise about 60 percent of recalls staged in the United States during the first half of 2007. According to a report in China Daily, the decrease in quality may be blamed upon American manufacturers:
"Everybody is pushing, pushing, pushing for lower and lower prices. The vendors are squeezed to the point where they aren't making a profit anymore. So they are looking to cut corners," Peter Dean, a former US toy company executive, was quoted as saying by US-based McClatchy Newspaper...
Human lives and livelihoods are worth more than a five-cent savings on children＊s toys. Instead of expressing their ire at goods ※Made in China§ by pressing for protectionist laws against Chinese imports, U. S. consumers should consider giving up their addiction to cheaply manufactured goods and actually paying for quality that they demand.
September 25, 2007, 4:39 pm
September 24, 2007 每 by Ryan Beers
The Shenzhen Daily
last week reported on recent inspections
made on foreign companies manufacturing in China. The China Government has also warned that foreign companies will be increasingly targeted for illegal discharge of pollutants from hereon.
Excerpts from the article read that the Government impose ※equally harsh penalties§ on ※domestic and foreign companies§ on violating companies, this approach being taken after finding two overseas firms violating environmental rules in a random inspection.
※The inspection found earlier this year that Unilever China
and the China branch of Hitachi Construction Machinery Co.
were discharging wastewater with a higher chemical content than permitted§.
Lehman, Lee & Xu
, in response to this latest development, encourages all foreign companies using chemical processes or producing discharge of whatever nature to conduct an audit of required Commercial and Safe Production licensing and the terms attached to such licenses.
September 24, 2007, 3:14 pm
Xinhua has reported that the State Environment Protection Administration (SEPA) is setting up a pilot ecological compensation system in order to monetize the damage that industrial activity causes to state-level natural reserves, mineral resources, and rivers. According to the article, unspecified government departments would also establish an ※inter-regional coordinated mechanism§ to protect river networks.
The article mentions the Y90,000 fine levied on director Chen Kaige for littering and the destruction of vegetation during the shooting of his film, ※The Promise,§ which was used for the restoration of the scenic nature reserve on which it was shot. However, local authorities were unable to completely restore the previous state of the area using the funds provided by the fine.
Will the valuations of environmental destruction developed by SEPA be sufficient to redress the damages done by polluters? An alternative valuation of environmental destruction, the green GDP, has already been shelved by the authorities earlier this year, in part because some of its calculations showed the costs of environmental damage to completely negate the growth reported by regular GDP. Given China＊s resistance to considering the true costs of economic development, the penalties imposed by the new ecological compensation scheme may indeed fail to meet their mark.
September 20, 2007, 4:41 pm
Septemper 20, 2007-- Kaitlin Foley
With the Summer Olympics less than a year away, many efforts are underway to transform Beijing. While there are several efforts to improve the physical environment of the city, there are also campaigns to transform the image of the Chinese people. Organizations and committees are being asked to shape the atmosphere and reception that many tourists will confront as they travel to Beijing.
One of the current campaigns is the ※smile campaign.§ According to a China Daily article last 5300 Beijing volunteers have signed up to welcome and serve the athletes and tourists during the Olympics. Throughout the city there are pamphlets, posters, and publications urging Chinese to smile more and be friendlier. The official motto of this campaign is ※the smile of the volunteers is the best name-card of Beijing.§This group of volunteers is committed to creating a warm and welcoming environment. Many acknowledge that the actions of volunteers and individuals in the service and tourism industries will shape the image of Beijing, and China to the world.
Cultural differences have often been the cause of many misunderstandings. The Chinese have been unjustly criticized in the past for their cold, unfriendly demeanor. Gu Wen notes in a China Daily article on the smile campaign that in the West people associate a smile with positive characteristics, such as being friendly and trustworthy. However, traditionally Chinese tend to encourage a more serious look. A smile to a stranger is often not thought of as a friendly gesture, but can be thought of as being silly or a sign of an alternative motive.Thus, the difference in the significance of something as simple as a smile can create problems in cross-cultural interactions.
This negative impression of Chinese people is what many are attempting to avoid with the current civilian campaigns. The Beijing Olympics, stand as a significant opportunity for China to shape and create their image for the world. Li Binghua, the Vice Executive President of the Beijing Olympic Organizational Committee (BOCOG) was quoted in an article in the People's Daily saying the national image relies on the service and actions of the individuals interacting with and serving the athletes and tourists at the Olympics.
While many workto transform the city into a ※city of smiles,§ one may wonder how successful this effort will be. While in the end it is just a smile, this campaign reflects an attitude and mindset change taking place.It seems everywhere you look in Beijing there is talk of the Olympics. As people get caught up in the whirlwind excitement, many are embracing the motto behind the Olympics "One World, One Dream."
September 20, 2007, 11:19 am
Septemper 19, 2007-- Maggie Xu
This morning when I opened my mailbox, an email sent by our gentle HR manager arouse my attention: our Shanghai office will be closed tod...
September 19, 2007, 2:19 pm
The Los Angeles Times has reported on the bulldozing of Beijing＊s petitioners village, framing the issue as an attempt to ※scatter the community of ＆troublemakers＊ in advance of next month's Communist Party Congress and to remove an eyesore before the 2008 Summer Olympics.§
While Beijing has generally moved to stifle dissent in advance of the Olympics, housing prices have risen dramatically over the last few years in Beijing＊s white hot property market 每 not only in anticipation of the Olympics, but also as a natural result of economic growth. Thus, while the bulldozing of the petitioners＊ village may in part be politically motivated as the LA Times article implies, it can also be viewed as an expected result of ever-increasing property demand in Beijing.
The 2008 Summer Olympics will impact the housing situations of far more than those living in the petitioners＊ village. Reuters reports that, as a whole, approximately 1.5 million people will be evicted during the period leading up to the Olympics. Large scale evictions are not unique to the Beijing Olympics, however. Outside of Beijing, the Olympic games have displaced over two million people over the last 20 years, with a disproportionate number of evictions impacting the poor, homeless, or minorities.
Government officials in China state that persons displaced for recent housing developments have been relocated, not evicted.
September 19, 2007, 2:06 pm
September 18, 2007 - by Pauline Law
As part of the greening of China before the 2008 Olympics, the Ministry of Construction has introduced a campaign for this week, "Green Traffic Week", China Daily reports. The goal of the initiative is to raise the proportion of commuters who use public transit to fifty percent.
On Saturday, September 22, 108 cities will participate in "No Car Day", which Yahoo! News reports
is the first nation's first. The cities will designate special areas where private automobiles will be prohibited. Instead, commuters are encouraged to walk, bike, or take public transit. In Beijing, traffic will be restricted
in the area between Tianqiao and Zhushikou, as well as Wangfujing to Bamiancao from 7am to 7pm.
China Daily's article on No Car Day does not, however, mention whether or not public transit capacity will be expanded to accommodate the expected surge of passengers during No Car Day, nor does it give an explanation as to why the Ministry of Construction chose Saturday to hold the event.
A previous No Car Day held only in Beijing on June 5, 2006 reportedly decreased typical traffic jam routes
from 50 to 48 and reduced private vehicular traffic by approximately 250,000 cars.
September 18, 2007, 1:25 pm
September 17, 2007 - by Robin Teow
According to a study conducted by China Institute of City Competitiveness, the capital city was voted as China's most beautiful city. Hong Kong SAR on the other hand was chosen as the safest and second most beautiful. Beijing came in ahead of 558 other mainland cities and the two SARs, with a score of 0.756 points out of one for its impressive historical monuments and tourist attractions. The study took into account the cities' urban design, infrastructure, architecture, culture and natural beauty. Other factors such as preservation of historical monuments, air quality, the transportation network, city life, public space and GDP also formed part of the assessment. You may find the relevant China Daily article here.
Fellow blogger Wangbo was not impressed though. In an article entitled "Make Sure You're Sitting Down", he had this to say:
"Alright, now that you've finished laughing.
I've even heard people call Tianjin "beautiful" (all Tianjinren of course), but I have never heard anybody describe Beijing as beautiful...well, maybe some of my students from Beijing have said something along those lines, as well as those from outside Beijing who say things like "I like Beijing because it's the capital of China" and other non-sensical rubbish. Anyway: Beijing the most beautiful city in China? You'd have to be on a serious mixture of various hugely powerful hallucinogens to think such a thing. I mean: Dalian, Qingdao, Xiamen, Guilin... Shit, even Changsha is more beautiful than Beijing. And Taiyuan would be if it weren't for the pollution."
I tend to agree with him. Beijing may be the capital of China and may boast one of the world's new seven wonders, some of the most sophisticated and innovative architecture and infrastructure and some of the most remarkable historical monuments and cultural relics in China, but to say that it is the most beautiful city is still a bit too far-fetched in my personal opinion.
Pollution is especially bad in the city. Beijing's coal-burning factories, power plants and vehicles regularly spew enough fumes to shroud the city in a brown, pungent haze. Residents have grown used to the soot that coats their clothes. Some even wear surgical masks when walking outdoors to guard against the filth. The situation has become more dire as the city is feverishly refurbished for next year's Summer Olympics.
On a normal day, Beijing's pollution is so bad it exceeds the safety benchmark set by the World Health Organization by nearly five times.
The result might come as a surprise to many visitors to China, home to clean and leafy cities such as Qingdao and Hangzhou in the east and the picturesque walled ancient capital of Xi'an in the north.
To me, air quality and beauty go hand in hand. Well...you may disagree with me.
September 17, 2007, 3:59 pm
September 17, 2007 - by Maggie Xu
Tourism, considered as a high-profitable industry, is booming around China. It serves as an engine of economic growth and has become the main source of local revenue. While lots of people seem to ignore its negative effects on the local environment and culture. It is reported from time to time that many famous scenic spots, such as Huangshan National Park in Anhui Province,Zhangjiajie National Forest Park in Hunan province, Jiuzhaigou Valley in Sichuan Province,etc., were greatly damaged by the vacationers.
The drawback tourism brings about can be plainly seen in at least two aspects: environment and culture damage. In terms of environment damage, with the development of new means of transportation, travel has become easier than ever. Many popular places are flooded with visitors, who spoil the beauty of nature by creating and leaving behind God-knows-how-much trash. In addition, a lot of unsightly artificial facilities have been and continue to be built in order to promote tourism, with disastrous effects on the environment.
Now let us see how tourism negatively affects the culture. The main problem comes from the conducted tour. It greatly restricts the exposure of tourists to local culture, and contributes little to mutual understanding between nations and cultures. On the contrary, the superficial impressions tourists get during such tours only intensify their stereotyped ideas about other cultures. What is more, the foreign ways introduced by travelers may have an adverse impact on the local people, who tend to be susceptible to the influence of more advanced cultures. In the long run, the uniqueness of individual cultures will be wiped out by such homogenization.
The side effects arisen along with the rapid growth of tourism call for more attention. The unchecked growth of the travel business may render the economic development unsustainable. The right choice we should make is to take into careful consideration that how to balance the economic growth and the protection of local environment and culture, and thus efficient measures are expected to be taken as soon as possible. This is the issue pondered not only by the government authorities but by the general public.
September 17, 2007, 3:23 pm
September 14, 2007 每 Ryan Beers
Front page of the Shenzhen Daily today states:
※EXPATRIATE families in Shenzhen are allowed to buy more than one home in the city, but individual family members are restricted to just one each, a spokesman for the municipal housing and land resources bureau said yesterday.§
"If both the expat wife and husband have been working in the city for over one year, each of them can buy a home," said the spokesman, adding that residents of Hong Kong, Macao, Taiwan and other overseas Chinese can each buy a home here too.
The city's housing has been such a hot speculative market in the last year or so that the local bureaus have been trying to cool it down. However, last month sales of second hand apartments slumped dramatically, so much so that Shenzhen property agents were selling more apartments in the Hong Kong New Territories than in Shenzhen! It has been quoted
that the introduction of new sales contracts, restrictions on obtaining mortgages, and incoming tax measures
, was the catalyst for this slump.
The Shenzhen office
of Lehman, Lee & Xu
has experienced that no particular regulation has, in itself, scared away would-be purchasers, but the regularity with which new regulations are implemented are what are causing unease.
September 14, 2007, 11:37 am
September 13, 2007 - by Pauline Law
The amount of birth defects in China is on the rise. As a front-page China Daily states, at least one million babies with birth defects are born per year, at an incidence rate of 60 out of 1000. As Professor Li Zhu notes, "The rate is three times that of developed countries." The article heavily emphasizes that this increase can be attributed to a rising preference for later childbirth among urban couples.
The story gives merely a passing nod to the risk of defects due to "exposure to health hazardous pollutants," which seems like a more reasonable explanation of the significant differential between China's birth defect rate and those of developing countries. After all, according to a BBC report pregnant women who have been exposed to high levels of ozone and carbon monoxide can increase their child's risk of birth defects up to three times and the health problems that air pollution can cause are not only limited to respiratory-related issues.
Even rural dwellers are not safe from the risk of birth defects. Many of the most heavily polluting factories are located in rural areas, releasing carcinogens and other pollutants in the air and waterways. As Foreign Policy in Focus reports, "one survey in eastern Jiangsu Province found mercury, lead, and cadmium present in 41% of the local fish," which are all linked to cancer, birth defects, and child development issues. The problems caused by pollution are exacerbated by a lack of adequate health care and education concerning health care and nutrition.
China's environmental quality continues to degrade, and as a result, the health of even the youngest members of society is suffering. As a young American woman living in Beijing, I'm lucky to have the choice of returning to the relatively cleaner environment of the United States when I decide to start a family. Unfortunately, more than a billion others around me don't have that option, and if China waits too long to clean up, I may not be able to find cleaner food and air in the United States either.
September 13, 2007, 11:43 am
September 13, 2007 - by Maggie Xu
Happiness is a must in life. Each and every one of us is longing for happiness. But what on earth is happiness? And how can we obtain happiness?
We may find it difficult to find a universal definition of the concept of happiness. A sick person is likely to deem health the thing that will most likely bring him or her happiness; a lonely heart tends to regard genuine love from other human beings as the greatest happiness; and a man confined to a wheelchair will have no other wish than to walk like a normal person. Evidently, 1000 people will have 1000 different definitions of happiness. It depends more, in my opinion, on our attitude towards life.
A sense of happiness comes mostly from our inner feelings rather than things we possess. I draw this conclusion from the fact that many people who have a relatively easy and wealthy life are not essentially happy, but others, on the contrary, who have suffered a great deal remain happy. So who dare say a penniless beggar is less happy than a millionaire?
Nowadays lots of people, in order to get so called "better and decent life" tend to go to extremes, and frantically pursue money, power, high social status, etc., but almost all of them feel unhappy even they have already acquired many things. It is all right to try hard to get what we want, but the thing is we should not forget what our ultimate goal is. We should bear in mind this all the time when we are on the way to pursue our happiness.
We all wish to obtain happiness. Here are two secrets from my view: the first is gratitude. You may find that all happy people are grateful. Maintaining a grateful state of mind will bring about more a sense of satisfaction. The second secret is realizing that true happiness is derived from "giving" instead of "taking". Only you give things to others , can you get gratitude and respect and of course obtain a sense of happiness.
September 13, 2007, 10:45 am
September 12, 2007 - by Maggie Xu
With the development of globalization, English, regarded as universal language, is spoken by more and more people in today's world. In the business circle, in particular, people, no matter he is Japanese, Korean, Spanish or German, they all speak English as a tool of communication. While at the same time, lots of language vanishedwith time. It is reported that the languages spoken dramatically lessened in the late 50 years.
It is universally acknowledged that language is not only a tool of communication but also a kind of art. Each language has its unique pronunciation, grammar and expressions, which contribute to the diversity of the world. If the diverse languages are diminished, our world will become less colorful.
Language is simultaneously a part of culture, which plays a considerably important role in it. Language has close relations with culture. On one hand, language is the keystone of culture, without language, culture would not be possible. On the other hand, Language is influenced and shaped by culture, it reflects culture. Language. In the broadest sense, is the symbolic representation of people and it comprises their historical and cultural backgrounds as well as their approach to life and their ways of living and thinking. Therefore, it will be a disaster for us to see the world＊s diverse cultures disappear one by one.
There is a negative tendency nowadays in some countries: Many educators and related government enforcement authorities ignored the importance of mother tongue teaching, which gave rise to the great fall of children's efficiency of their native language. Take China as an example, the students at all levels nowadays show greater interest and passion of learning English than learning Chinese. Grammar and spelling mistakes thus are often heard or seen everywhere.
The importance and necessity of grasping English language is obvious, it is a key skill for us to acquire, yet we should love and well grasp our own language, because it is the carrier of our culture.
September 12, 2007, 3:37 pm
September 12, 2007 - by Greg
On August 30, 2007, the Anti-monopoly Law of the PRC (the "Law" ) was promulgated by the National People's Congress, to be effective August 1, 2008. The law is designed to protect the public and general interest of society.
Below, we summarize the relevant aspects of the Law:
As per Article 2, the Law regulates monopolistic conduct within the territory of the China, and monopolistic conduct outside the territory of China that has the effect of eliminating or restricting competition on the domestic market.
The term "monopolistic conduct" includes:
1. Monopoly agreements reached between business operators;
2. Abuse of dominant market status by business operators; and
3. Concentration of business operators that may have the effect of eliminating or restricting competition.
The term "business operator" refers to a natural person, legal person, or any other organization that engages in the production or business of commodities or provides services.
The State Council will establish an Anti-monopoly Committee, which will be responsible for organizing, coordinating and guiding the anti-monopoly work and performing the following functions:
1. Studying and drafting relevant competition policies;
September 12, 2007, 1:33 pm
September 11, 2007 - by Robin
I read in China Daily today that China has one of the highest suicide rates in the world. Chinese people are taking their own lives in record numbers. According to a study by the Beijing Suicide Research and Prevention Center, approximately 287,000 people a year are killing themselves 每 that is a whopping 786 a day, more than double the U.S rate. Millions more make unsuccessful attempts. China is also one of the few countries where rural suicides outnumber urban suicides. The suicide rate for women in China is 25% higher than for men, and the rural rate is three times the urban rate. In Western countries, men are at least twice as likely and sometimes four times as likely as women to commit suicide, studies show. But in China, being young, from the countryside and female is an especially lethal combination. So what actually causes these young rural women to end their lives in such a way?
Because the women who commit suicide are almost exclusively poor, their desperation is a stark reminder of the social inequalities that plague China and the difficulties hindering government efforts to raise rural standards of living. Due to the lack of social security in rural China, most of these young women live with their extended families. Despite the fast-paced modernization of cities, women in such families in the countryside have been left to face what they consider insurmountable obstacles, often stemming from the traditional view that wives play a subservient role in the household. When their dreams and reality do not make match or if they cannot solve their problems, they commit suicide to put an end to their depression. In addition, with many husbands leaving their villages to go and find work as migrant laborers in the cities, women in the countryside have less support in dealing with the traditional pressures of motherhood, farming and moving in with their in-laws. Having access to pesticides does not make things better - a very painful but effective way to commit suicide (Studies show that 58% of all Chinese who commit suicide use pesticides). For some of them, committing suicide is not only a way to escape suffering, but also a way to exact revenge, since many Chinese people believe that the dead can return to life to get even with their enemies.
It is interesting to note that some of my Chinese colleagues actually thought that suicide rates were higher in urban areas. I guess this is normal as most suicide cases that take place in rural areas are ignored. Political, academic and media attention have been focusing on depression among young urban intellectuals who are at the forefront of China's economic boom.
September 11, 2007, 4:23 pm
September 11, 2007 - by Maggie Xu
As everybody knows that Beijing is a city with long history of more than 3000 years. Being a capital city of six Dynasty in ancient china, a large number of ancient architectures built by our ancestors are retained, which luckily survived the Anti-Japanese war and liberation war before the foundation of the PRC.
The old circumvallation and traditional buildings like Hutong & Siheyuan have become a distinctive symbol of the city of Beijing. They are viewed as precious heritage for both China and the world. However, with the accelerating development of economy and society, large-scale destroy of traditional buildings recently in Beijing has been launched like a raging fire. New modern skyscrapers have been built here and there with great enthusiasm by the real estate developers. As a result, Beijing shows people a different face far from the outlook we are familiar with.
Is this a good thing or bad thing? Some people say that it is the inevitable outcome with the progress of society and it is good to see that Beijing has becoming more and more international and modern. While from my understanding, the disadvantage outweighs the advantage in a good 2 aspects: firstly, the wonderful childhood memories have gone with the wind, it is almost impossible to remember the history of the city and themselves with the disappearance of demolishment of traditional houses ; Secondly, Beijing is losing its features and becoming identical to other big cities.
During the rush hours every day, when I walked along the 3-ring road, viewing those glass-wall tall buildings, I felt unease and upset. This is no longer the place where I love and treasure so much.
How to balance the economic development and the conservation of traditional architectures? It is a question facing many of us. We may learn from other cities, Paris, for example, to avoid the high price in the process of pursuing modernization.
September 11, 2007, 9:05 am
September 10, 2007 - by Robin Teow
As the global meeting of the World Economic Forum
("WEF" ) comes from the Swiss ski resort Davos
, where it has been held for decades, to an oriental port city, China once again finds itself in international spotlight.
"It has been 36 years since the inception of the forum in 1971. Starting from this year, the forum will hold an annual Summer Davos in China. This shows the world's increasing interest in China's economic development and the growing cooperation between China and the forum," said
Chinese Premier Wen Jiabao at the opening session of the Dalian
meeting on September 6, 2007.
The three-day meeting, known as the Inaugural Annual Meeting of the New Champions, had drawn nearly 2,000 participants including government officials, scholars and business leaders from 90 countries and regions.
Ten plenary sessions and nearly 80 panel discussions were carried out during the meeting, focusing on the roles played by the new generation of fast-growing multinational companies. Other issues like global warming, world economy and combating AIDS were also touched upon.
In particular, one-fifth of the meeting's topics were about China, including the outlook of China's capital market, consumer market, policy environment, intellectual property right (IPR) protection, areas with growth potentials, service sector, resolution to growth tension, opportunity of the Olympic Games, among others.
As the curtain of the event was lowered, participants were loaded with hope while voicing suggestions and making appeals.
Thomas L. Friedman
, author of the book The World is Flat, observed that China is undergoing a second economic transformation from polluting economy to clean economy, which can be harder than the transformation from planned economy to market economy.
However, he noted that the "green transformation" not only means challenge but also opportunity, and China is likely to become an innovator of low-cost green technologies.
Samuel A. DiPiazza, chief executive officer with PricewaterhouseCoopers
, pointed out that China has advantages in its cheap labor force and innovation capability. "Finding the right way, its high-value-added industries can boom like those with lower added values," he said.
Asia Chairman of Morgan Stanley
Stephen Roach believed that China is undergoing an unavoidable travail period, after which its service industry shall stride onto a new stage.
While participants were packing their luggage to leave the glitzy glass-walled World Expo Center, Tianjin
City about 800 km away began to count down for the next session of Summer Davos.
September 10, 2007, 3:43 pm
September 7, 2007 - by Greg
LEHMAN, LEE & XU recently released a video featuring its office in Shenzhen, Guangdong province, China. The short video shows clips of the office and its staff. The office is led by Mr. Edward Lehman, the firm's managing director, and Mr. Aidan Hwuang and Mr. Ryan Beers, who were all excited to see the finished product.
To view the film, please click here.
September 7, 2007, 5:36 pm
September 6, 2007 - by Robin Teow
Chinese President Hu Jintao
arrived in Australia
on Monday for a seven-day state visit before heading to the 15th economic leaders' informal meeting of Asia-Pacific Economic Cooperation this coming weekend.
This year marks the 35th anniversary of the establishment of diplomatic ties between China and Australia.
In recent years, cooperation between the two countries has been expanding steadily, particularly in mining, infrastructure, energy and environmental protection.
is now the second largest trading partner of Australia, while Australia is China's ninth. In 2006, bilateral trade amounted to US$32.9 billion, up 20 percent from the previous year.
In the first half of 2007, bilateral trade reached 19.5 billion dollars, a 35 percent increase over the corresponding period of 2006.
is the premier forum for facilitating economic growth, cooperation, trade and investment in the Asia-Pacific region.
Since its inception in 1989, APEC has grown to encompass 21 members spanning four continents, and represents about 40 percent of the world's population, 56 percent of global GDP and 48 percent of world trade.
APEC members include Australia, Brunei, Canada, Chile, China, China's Hong Kong, Indonesia, Japan, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, the Philippines, Russia, Singapore, South Korea, Chinese Taipei, Thailand, the United States and Vietnam.
Security around the city is tightening up as senior officials from Pacific Rim nations began meetings to prepare for a summit of regional leaders that will tackle trade and global warming.
Parts of Sydney began to resemble a besieged camp, with police erecting a 10-feet-tall security fence, dubbed by local media the Great Wall of APEC near the summit site. The 5km fence will isolate the leaders, who include US President George W Bush and Russian President Vladimir Putin, in the Sydney Opera House and surrounding hotels.
While Australian security officials say they have received no intelligence of a terrorist threat to Apec, they have launched the country's biggest ever security operation.
The Australian government has spent A$169 million ($199m) in the past six years preparing Apec security.
Many Sydney residents have vented their frustration against Apec security, claiming it will turn Sydney's inner city into a fortress, with people asked for IDs and bag searches.
The city's underground railway network will be closed during the Apec weekend and motorists have been warned to stay out of the city as many roads will be closed.
September 6, 2007, 3:31 pm
September 4, 2007 每 by Ryan Beers
Companies seeking to produce products involving heavy chemicals or polluting processes in Guangdong need to carefully consider where to locate their operations. The traditional manufacturing centers are being cleaned up, and many manufacturing companies are moving further ※out of town§ to in order to guarantee long term production.
Operators in Shenzhen, Dongguan, Zhongshan, and Guangzhou are increasingly experiencing difficulty in obtaining production licences and various approvals.
The upside is that cheaper land is up for grabs in these newer areas, local Government＊s are encouraging the investment, and companies have the safe knowledge that these areas will too soon enjoy infrastructure previously enjoyed only by the famous districts aforementioned.
For the residents particularly of Shenzhen and Hong Kong, these moves to re-locate polluting industry has seen more clear skies in the urban areas. I have seen only one really polluted day in Shenzhen this whole Summer.
September 4, 2007, 5:40 pm