MASERATI THE LATEST TO SUFFER FROM RECALLS
Chinese State-owned media has stated that around 21,000 Maserati’s are being recalled due to a defective design aspect that could increase chances of collision.
SPANISH LEMON SHIPMENT TO CHINA LEAVES SOUR TASTE, AS CARGO DEEMED ILLEGAL
A fall in citrus crop production for the past two years in China has bestowedopportunity upon foreign producers capable of increasing shipments to China.Local production has been affected by hurricanes in the south of the country, andcitrus greening disease in other locations.
VACCINES SOLD ILLEGALLY BY MOTHER-DAUGHTER DUO IN 18 PROVINCES
A fall in citrus crop production for the past two years in China has bestowedopportunity upon foreign producers capable of increasing shipments to China.Local production has been affected by hurricanes in the south of the country, andcitrus greening disease in other locations.
CONSUMER RIGHTS DAY GALA TARGETS PROBLEMATIC ONLINE BUSINESSES
March 15 is designated as the World Consumer Rights Day (in China, dubbed as 3.15) and ever since 1991 it is one of the least favorite day in the year for senior executives of service companies. Every year, China Central Television puts on 3.15 gala show featuring findings of unfair conduct of the companies, all for the sake of protecting the consumers.
CHINA’S NPC APPROVES FIVE-YEAR PLAN, PREMIER LI REJECTS POSSIBILITY OF HARD LANDING
China’s top legislative meeting has come to an end. The National People’s Congress closed with the adoption of the 13th Five-Year Plan, which establishes the main trends for social, economic and political development until 2020.
RENMINBI STRIKES BACK: CHINESE CURRENCY SHOWS POSITIVE RESPONSE TO POLICY EFFORTS
China’s Yuan policies seem to be fruitful as the currency reaches to its highest point next to the dollar. In less than a month, the Chinese government has managed to collect gains for its currency in the domestic market, and score high ever since last December.
FEBRUARY TRADE DATA LOWEST SINCE 2009
Chinese exports registered a 25.4% fall compared to next year. Similarly, imports also decreased in a 13,8%. Information during February could reflect certain distortions due to Chinese New Year celebrations, however, the tendency has been clear during the first two months of 2016.
WILL CHINA DEVALUATE THE YUAN ONCE AGAIN?
China’s economy has been on a spiral. Restructuring the whole financial system has not been an easy task, and very brave steps have been needed from time to time.
THE TREND OF SHIFTING FROM MASS PRODUCTION TOWARDS HIGH QUALITY PRODUCTS
Last week, South China Morning Post featured an interview with Nick Chan Ying-kit, Managing Director of a clothing manufacturer based (mostly) in South China’s province of Guangdong.
CREDIT BOOM A GOOD SIGN FOR CHINESE ECONOMY
Chinese banks have presented a record score of credits during January 2016. In total, 2.52 billion yuan (US$386,000 millions) were delivered as loans by Chinese financial institutions, an increase of 71% from compared to January last year.