equipment
chinese machinary      chinese equipment      
Main page | News | Guestbook | Contact us
Русская версия

Products:
Mini-factories
Transport
Equipment
Instruments
Food products
Building materials
Leisure and garden inventory
Medicine and public health
Gas and gas equipment
Oil equipment
Chinese Silk
Underwear, T-shirts
Various production line by Customers order
Silver coins
SERVICES
Safety
ABOUT US

Contact us
Tel: +86 13903612274
Email: mega@asia-business.biz

News from China
US tariffs on Chinese goods almost entirely borne by US importers, says IMF study
24th May 2019

 US tariff revenue collected from levies on Chinese goods "has been borne almost entirely by US importers," a study by the International Monetary Fund has found.

 
The study, released on Thursday, said previously imposed tariffs have reduced trade between the United States and China, but "the bilateral trade deficit remains broadly unchanged."
 
The study also said some of the additional tariffs have been passed on to US consumers, while others have been absorbed by importing firms through lower profit margins.
 
"Consumers in the US and China are unequivocally the losers from trade tensions," the study said.
 
Earlier this month, the United States increased additional tariffs on 200 billion US dollars' worth of Chinese imports from 10 percent to 25 percent, and has threatened to raise tariffs on more Chinese imports.
 
In response, China has announced that it will raise additional tariffs on a range of US imports from June 1, and "will fight to the end."
 
"A further increase in tariffs will likely be similarly passed through to consumers," the IMF study said.
 
"While the impact on global growth is relatively modest at this time, the latest escalation could significantly dent business and financial market sentiment, disrupt global supply chains, and jeopardize the projected recovery in global growth in 2019."
 
Source: Shanghai Daily, May 24, 2019
CIDI establishes research institutes
23rd May 2019

 The China Industrial Design Institute has established two innovation research institutes — intelligent connected vehicles and intelligent manufacturing — and an academy in Shanghai on Wednesday.

 
The CIDI also plans to establish institutes on 3D printing and civil aviation.
 
An international industrial design exhibition will be held from August 30 to September 1 at the Shanghai Exhibition Center.
 
The CIDI is also seeking entries for a design award in eight areas including equipment manufacture, fashion and aviation. The winners will be announced in December.
 
CIDI has conducted research projects on the integrated development of the design and manufacturing industries, and the development of industrial design.
 
Experts shared their insights into topics such as the prospect of intelligent connected vehicles, the trend of China's intelligent manufacturing, and design-driven innovation during the unveiling event in Yangpu District.
 
Source: Shanghai Daily, May 23, 2019
Foreign investment still favors Chinese market: spokesperson
22nd May 2019

 Foreign investment remains optimistic about the Chinese market despite continuous US threats to raise tariffs on Chinese goods, Foreign Ministry Spokesperson Lu Kang said Tuesday.

 
The remarks came as Lu responded to a question about US President Donald Trump's claim that tariffs on Chinese goods were causing companies to move production out of China to other countries.
 
Since the start of China-US trade friction more than a year ago, the United States has repeatedly released information within the country out of political need, sometimes ignoring whether the information was consistent with facts, Lu told a press briefing.
 
"The United States' violation of trade rules has brought disturbances to international markets, including China and the United States. But in the end, any enterprise will make policy choice about its investment direction based on its strategic assessment of the economic outlook," Lu said.
 
"As a matter of fact, even though the United States has been threatening to raise tariffs on Chinese products for more than a year, foreign investors' enthusiasm to invest in China remains high, and they are still optimistic about the Chinese market," Lu added.
 
Lu introduced recent increases in investment in China by Exxon Mobil, Tesla, BASF, BMW and other world-renowned enterprises.
 
He cited the FY2018 Survey on the International Operations of Japanese Firms, a survey conducted by the Japan External Trade Organization. According to the results, Japanese firms remain optimistic about the Chinese market. "China ranks first in terms of Japanese enterprises' exports, investment and overseas e-commerce strategies," he said.
 
Cooperation agreements worth more than US$64 billion were signed during the Second Belt and Road Forum for International Cooperation held in Beijing recently, Lu said. "All these show that against the backdrop of uncertainties and instabilities in the world economy, foreign enterprises have expressed their attitude and firm confidence in the Chinese economy through concrete actions."
 
"China, as always, welcomes foreign enterprises to invest in China and engage in mutually beneficial cooperation," Lu said. "We will continue to provide a more stable, fair, transparent and predictable business environment for foreign investors."
 
Source: Shanghai Daily, May 22, 2019
13 injured as driver runs red light
21st May 2019

 Thirteen people were injured in a traffic accident when a car plowed through pedestrians while they were crossing a road at a green light, before hitting two cars in Guangzhou, Guangdong Province, on Tuesday, Guangzhou police said in a statement on its official Weibo.

 
The car ran a red light and rammed into pedestrians and cars at an intersection of Linhe Road M. and Linle Road at around 8:50am on Tuesday.
 
All the injured were taken to hospital, two seriously hurt.
 
Ding, the 45-year-old driver, has been detained by police. The investigation is underway.
 
Source: Shanghai Daily, May 21, 2019

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248