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News from China
China's CPI grows 1.8% in April
10th May 2018

 China's consumer price index, a main gauge of inflation, posted a milder increase in April due to falling food prices, official data showed Thursday.

 
The CPI rose 1.8 percent year-on-year last month, compared with 2.1 percent for March, according to the National Bureau of Statistics.
 
On a month-on-month basis, the CPI edged down 0.2 percent.
 
Lower food prices were "the major reason" for the CPI decline from March, said NBS statistician Sheng Guoqing.
 
Food prices slipped 1.9 percent month-on-month and climbed only 0.7 percent year on year.
 
The price of pork, China's staple meat, slumped 16.1 percent year on year, dragging down CPI growth by 0.43 percentage points. It fell 6.6 percent month on month.
 
Non-food prices rose 2.1 percent from the same period of last year and 0.2 percent from March.
 
China aims to keep annual CPI growth at around 3 percent this year, the same as the target for 2017.
 
Source: Xinhua   Editor: Wang Qingchu
 
Source: Shanghai Daily, May 10, 2018
China's e-bike makers eye foreign markets
8th May 2018

 China’s electric bike manufacturers have targeted the booming transport sector abroad to offer a cleaner alternative for getting around.

 
TailG, a Shenzhen-based company that makes electric bikes, scooters and motorcycles, has become a partner with the United Nations Environment Program to offer electric bikes to eight nations in a trial operation, including Kenya, Uganda, Rwanda and the Philippines.
 
The manufacturer has also been invited to establish factories or trade companies abroad to export their products, especially to African countries, the company announced on Monday at the 2018 China International Bicycle Fair in Shanghai.
 
Chinese automaker BYD Co Ltd has also signed an agreement with the UN program to promote Chinese-made electric cars worldwide.
 
China became the world’s largest manufacturer and consumer of electric bikes by the end of 2017, Ma Zhongchao, director with the China Electric Vehicle Association, said.
 
Over 700 manufacturers in China are producing 33 million electric bikes annually, far exceeding domestic demand, Ma said on the sideline of the fair. It is an inevitable trend for Chinese-made e-bikes to go abroad, he added.
 
Source: Shanghai Daily, May 8, 2018
China reiterates foreign enterprises' respect for its sovereignty, territorial integrity
7th May 2018

 Chinese Foreign Ministry on Sunday reiterated that foreign-funded enterprises should respect China's sovereignty and territorial integrity.

 
This came after a US statement released on Saturday, which objected to China's requirement that foreign companies should stop listing Hong Kong, Macau and Taiwan as "countries" on their websites and promotional materials.
 
Spokesperson Geng Shuang noted that no matter what the US side says, it will not change the fact that there is only one China and that Hong Kong, Macau and Taiwan are inalienable parts of China.
 
China will stick to the One-China principle when dealing its external relations, Geng said, urging foreign enterprises operating business in China to respect China's sovereignty and territorial integrity, abide by Chinese law, and respect the Chinese peoples' feelings.
 
Source: Shanghai Daily, May 7, 2018
Shanghai to promote new retail formats to cater to consumer demand and revitalize time-honored bran
4th May 2018

 Shanghai will encourage new retail formats to cater to consumer demand while the city aims to revitalize time-honored brands as it bids to build itself into a world-class shopping hub.

 
The Shanghai Commerce Commission's three-year action plan envisages the city becoming a testing field for new business and retail formats such as those that integrate digital technologies and cashier-less vendors.
 
The commission will also support the development of incubation and technology application platforms, as well as launching initiatives to foster commercial zones in various downtown landmark areas and shopping streets featuring traditional Shanghai styles.
 
The Exposition on China Indigenous Brand to be held between May 10 and 12 will feature a number of time-honored local brands. A total of 500 local brands will take up around 25,000 square meters of exhibition space.
 
Shanghai Hero Group's gold fountain pens and Shanghai Yimin No.1 Food Factory's latest ice cream that is set to launch this summer will be among the merchandise on display during the exposition.
 
The revival of time-honored brands and measures to support innovation are also part of the action plan to turn the city into a world leader in shopping.
 
Shi Xiaolong, executive director at the economic operation department at Shanghai's Bailian Group Co, said that it has been actively upgrading retailers information technology system to help them better manage inventory.
 
"Consumers nowadays care more about the shopping experience and we're working to reshuffle operation strategy to reflect changing consumer demands and stay closer to the community neighborhoods," he said.
 
Its hypermarkets will be restructured to feature more fresh food and less daily groceries and the floor space will be reduced to about 6,000 square meters.
 
The group will also ensure that on-the-spot food and prepared meals will also be available at supermarkets which are close to neighborhoods to suit the demand of office workers who have little time to cook meals.
 
Several Lianhua supermarkets in downtown area have completed construction and are waiting for permission from the food safety watchdog to start operation.
 
Some of the supermarkets in Shanghai are also equipped with interactive electronic screens to allow orders to be placed online.
 
It's also seeking to embrace the latest technology in facial recognition, RFID sensor, and electronic screens.
 
The facial recognition technology, which will be unveiled later this year at selected stores in Shanghai, will provide data on when shoppers visit the shopping centers and how long they spend in each sector to help the retailer optimize the interior layout of the stores.
 
A new pavilion at the Shanghai No.1 Shopping Center on the Nanjing Road E. Pedestrian Street will also be unveiled in October.
 
By the end of 2017, Bailian has 5,000 physical outlets and its online shopping platform has accumulated two million active members. 
Source: Shanghai Daily, May 4, 2018

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