Sichuan’s foreign trade grew strongly in the past few years. It is the leading export base in the western region. Major export markets in 2016 included the US (29.3% of the total), Hong Kong (10.9%), the Netherlands (5.7%), Japan (4.7%) and Vietnam (3.7%). Major export products included computer products (35.8% of the total), integrated circuits (7.5%), jewellery (3.5%), garment (2.5%) and footwear (2.3%). More
The Chongqing municipal government issued its Opinions on Implementing the National Strategy of “One Belt, One Road” and Building the Yangtze River Economic Belt in December 2014. In order to enhance its connectivity and influence under the “Belt and Road” and Yangtze River Economic Belt initiatives, Chongqing will further reinforce its strategic position as a shipping centre in the middle reaches of the Yangtze and a national logistics hub. More
China is to launch a three-stage carbon trade initiative designed to allow market forces to reduce the overall level of carbon emissions within the country’s power generation sector, while promoting environmentally-friendly/low-carbon development. More
The China-ASEAN Expo is a major annual event and Guangxi is aiming to leverage on its geographic location in bridging trade and investment flows between China and ASEAN under the CAFTA framework. Guangxi’s total trade with ASEAN grew by 1.6% in 2016 to reach RMB$183.5 billion. Border trade accounted for 42.9% of the trade with ASEAN in 2016. More
In recent years, Anhui has performed well in attracting FDI. In 2016, FDI mainly went to the manufacturing and real estate sectors, accounting for 58.1% and 14.4% of the total utilised FDI respectively. Major export markets in 2016 included the US, Hong Kong, Japan and India. In 2016, exports to Hong Kong accounted for 6.2% of Anhui’s total exports. In 2016, major import sources included Chile, the US, Australia and Taiwan. More
OECD said about US$6.9 trillion is needed annually to invest in infrastructure around the globe during 2016-2030 to support sustainable economic development. Indeed, there is marked increase in mainland Chinese enterprises investing in infrastructure projects under the Belt and Road Initiative. This is bound to fuel a rise in demand for professional services from mainland enterprises, generating opportunities for Hong Kong service providers. More
The spotlight shone on Hong Kong as a pivotal innovation hub for disruptive technologies such as AR/VR (augmented reality/virtual reality), humanlike robots, artificial intelligence, blockchain technologies and advanced manufacturing during the conference “Fly High in Asia,” held at the January 2018 International Consumer Electronics Show (CES) in Las Vegas.