Last week, the White House announced a 100% Section 232 tariff on large drones and critical components, citing their dual-use applications. The duties are set to take effect on September 3.
Volkswagen will invest nearly $2 billion to build a new plant in Changsha, Hunan with its partner Shanghai Auto Industry Corp. The contract was signed on May 16. The new plant is expected to open in 2015 with an initial capacity of 300,000 unites that will be expanded later. Volkswagen is opening 10 new factories […]
Soybeans remain the largest export, but shipments of higher-value products like vehicles and airplanes are also growing. By Ben BadenMeasured in bulk, the United States’ top exports to China last year were agricultural products, transportation equipment, computers and electronics, chemicals, and machinery, but a deeper dive into specific products reveals a lot about America’s trade […]
Event: Intellectual Property Considerations in China: Doing Deals & Enforcing Your Rights Organizer: City Bar Center for Continuing Legal Education Date: May15, 2013 Location: New York City Bar Association, 42 West 44th Street, New York, NY 10036 Web: https://www.nycbar.org/CLE/show_course.php?cnameid=2906 Phone: 212-382-6663 Email: [email protected]
Over the next three years, Wal-Mart Stores Inc. will invest $16.3 million to improve food safety in its stores, according to a statement on May 9. The investment will go toward expanding a mobile food-inspection lab program to cover 70 stores in Guangdong, increasing supplier training, improving store standards, recruiting food safety experts, and expanding […]
After a series of accusations that it sold tainted milk, China Mengniu Dairy Co. Ltd., China’s largest milk producer by sales volume, bought a $410 million stake in China Modern Dairy Holdings Ltd., China’s largest unpasteurized milk producer, on May 8. Mengniu now owns about a 28 percent stake in China Modern. “The increase of […]
Alibaba Group, China’s largest e-commerce firm, become the largest shareholder in digital mapping company AutoNavi Holdings Ltd. on May 10 by taking a 28 percent stake. Analysts say Alibaba may be trying to diversify its product lineup ahead of a possible initial public offering later this year. In April, Alibaba also bought a 18 percent […]
Business in China is now open to more than just multinational corporations, but small business owners should evaluate their products objectively before taking the plunge. By Stanley Chao In the past, only multinational corporations (MNCs) had opportunities to sell products and services to China. Heavy import duties, cumbersome banking regulations, corrupt government officials, and a […]
China has made considerable progress in recent years in its efforts to boost innovation and intellectual property (IP), with an improved legal and regulatory framework, stronger efforts to enforce intellectual property rights (IPR), an expanding body of registered IP, and the growth of corporate research and development (R&D) activities.
By Erin Ennis The US-China Business Council (USCBC) recently released the latest update to its annual report on US goods exports to China by state. This year’s data continued to show an upswing in US exports to China. Total exports reached almost $109 billion, and 30 states exported $1 billion or more worth of goods. But […]
