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 fourth largest-city suffers from trade tension with China: trade expert
21st June 2019

 Houston, the fourth-largest city of the United States, will specifically suffer from a tense trade relationship with China, a trade expert has said.

 
Val Thompson, founder and president of the Houston International Trade Development Council, made the remarks Wednesday night in an interview with Xinhua at the launch party for the American-Caribbean Chamber of Commerce in Houston.
 
"I would consider China's trade relationship very important to Houston. Twenty-five percent of all imports to Houston are from China, mostly consumer products," Thompson said.
 
He expressed the belief that a negative trade relationship could affect employment and raise prices for various types of goods.
 
"We're going to lose jobs because of the higher prices. Companies and corporations will have to cut back on employment," he said. "We certainly hope these tariffs stop because they're creating higher prices in department stores and also tension between our small businesses and medium-sized companies."
 
Thompson and his organization are trying to help reach more people about the current trade tension in an effort to increase awareness.
 
"Our organization can write to our Congress, we can write to our senators and mention to them how our membership and some of our associates are hurt from higher prices," he said. "One thing I do know is that the tariffs need to stop. Trade barriers never work."
 
Co-hosted by international marketing firm Z LAB Global, the launch party attracted local politicians, business people and entrepreneurs.
 
Source: Shanghai Daily, June 21, 2019
Small-town folks spend big in 618 festival
20th June 2019

 The 618 mid-year shopping festival which kicked off at the beginning of the month wrapped up this week, and all the evidence indicates that consumption remains strong.

 
JD.com’s transactions between June 1 and June 18 were 27 percent up on last year at 202 billion yuan (US$ 29 billion). Home appliance sales hit the 1 billion yuan mark in just 2 minutes and 36 seconds on June 18, last day of the festival and the ultimate price-slashing day.
 
Alibaba Group said its 18-day campaign helped more than 100 brands turnover more than 100 million yuan each. During last year’s Singles’ Day, more than 230 brands on Tmall made more than 100 million yuan in 24 hours.
 
A Bocom International research note suggested that overall online performance in the second quarter will improve due to enthusiasm for the mid-year campaign.
 
New marketing strategies are also driving sales, with live-streaming on Taobao allowing consumers get to know merchants. The merchants involved sold more than 13 billion yuan of their wares.
 
JD came up with the idea of a mid-year sale more than ten years ago and it has since become the second biggest shopping frenzy after Singles Day in November.
 
On-demand delivery platform Dada-JD Daojia, which sells groceries and fresh food for supermarkets including Walmart, Carrefour and Yonghui, said sales between June 15 and June 18 were double those of a year ago, with lower tier cities generating a lot of that increase. Pinduoduo’s orders hit 1.1 billion with 70 percent coming from lower tier cities.
 
As many as 48 percent of new products on Tmall during the event were purchased by customers outside first- and second-tier cities. Tmall’s Luxury Pavilion more than doubled its sales from last year.
 
Offline sales were also significant with JD’s experimental physical stores doing better than many online platforms.
 
Source: Shanghai Daily, June 20, 2019
Tariffs on cell phones, computers harm US consumers: report
19th June 2019

 US additional tariffs on imports of consumer electronics products from China would have a "substantial negative impact" on American consumers, even after accounting for alternative sources of supply, said a US consulting firm.

 
Washington DC-based company Trade Partnership Worldwide LLC said this in a report as the White House is threatening to impose additional tariffs of 25 percent on US$300 billion in goods from China, including cell phones, laptops and tablets.
 
In the report prepared for the US Consumer Technology Association on Monday, the consulting firm estimated that if the new tariffs were imposed, the cost of cell phones imported from China would rise by 22 percent in the United States.
 
Also, the overall US prices for cell phones would rise by 14 percent, or nearly 70 dollars for the average retail price of a cell phone today, which will reduce the country's overall purchases by 28 percent, according to the report.
 
American consumers would pay over US$8.1 billion more for cell phones and it will be a net loss of US$4.5 billion for the US economy even after accounting for new tariff revenue, according to the report.
 
Plus, laptops and tablets will also see hikes across the board in both costs and prices. The cost of those imports from China will increase 21 percent while overall US prices will rise by 19 percent, or about US$120 for the average retail price of a laptop today and about US$50 for a tablet today.
 
American consumers would pay over US$8.2 billion more for laptops and tablets and it will be a net US$3.6 billion loss for the US economy even after accounting for new tariff revenue, according to the report.
 
The report also showed that shifting the supply to other countries will be difficult and cost a significant amount of money, with the burden carried mostly by US consumers.
 
China accounted for about 75 percent of the total cell phones and over 90 percent of the total laptops and tablets imported into the United States, according to Trade Partnership Worldwide.
 
Source: Shanghai Daily, June 19,2018
China State Railway Group inaugurated
18th June 2019

 State Council has approved the restructuring of China Railway Corporation and renamed it the China State Railway Group Co Ltd in an effort to make the company more market-oriented.

 
With a registered capital of nearly 1.74 trillion yuan (US$252 billion), the company is run by the central government, and the Ministry of Finance performs the investor's duty on behalf of the State Council, according to a company statement released on Tuesday.
 
The group corporation with a board of directors is an authorized investment entity and can establish subsidiaries, branch companies and representative offices in line with business development needs, the statement said.
 
The move came after a series of institutional reforms had been made since 2017 to improve the corporate governance of the country's railway network.
 
Launched in 2013 upon the dissolving of the Railway Ministry, the China Railway Corporation has been in the forefront of the country's corporate reform with a goal to foster modern railway enterprises and separate government functions from business operation.
 
The inauguration of the new group corporation is conducive to enhancing capital utilization efficiency, market competitiveness and risk-preventing capabilities of the local railway industry.
 
It is also expected to make state-owned railway firms more market-oriented and more capable to provide better cargo and passenger transport services for the public, the sources said. 
Source: Shanghai Daily, June 18, 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 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193 194 195 196 197 198 199 200 201 202 203 204 205 206 207 208 209 210 211 212 213 214 215 216 217 218 219 220 221 222 223 224 225 226 227 228 229 230 231 232 233 234 235 236 237 238 239 240 241 242 243 244 245 246 247 248 249 250 251 252 253 254 255 256 257