From luxury British couture and tea, to chocolate, beauty products, home appliances and other items, UK products have gained popularity in China in recent years. To meet this growing demand, JD.com, China’s largest retailer, has announced plans to sell £2 billion of UK goods to Chinese consumers in the next two-to-three years. The agreement signed […]
China will further open its vast market to Britain as the green light has been given to allow British beef imports for the first time in twenty years.
On Wednesday (31 January), Prime Minister Theresa May met with China’s second most important politician, Premier Li Keqiang, to signal her determination to boost trade with the giant economy. Speaking in Beijing, Mrs May revealed that British beef would be exported to China for the first time since the BSE, or ‘mad cow’, crisis […]
6 Million RMB in sales in just one weekend for 20 brands growing their market in China Twenty leading British brands made a successful first foray onto one of Alibaba’s top online sales platforms in August in an exclusive three-day promotion for UK consumer goods, organised by the China-Britain Business Council (CBBC) in partnership with […]
Chinese industrial businesses saw their profits rise by 11.4 percent year on year in the first half of this year, official data showed on Sunday. Total profits of industrial companies with annual business revenue of more than 20 million yuan (3.2 million U.S. dollars) reached 2.86 trillion yuan, the National Bureau of Statistics (NBS) said […]
The 10th Kashgar Central and South Asia Commodity Fair kicked off Sunday in Kashgar, an ancient Silk Road town in northwest China’s Xinjiang Uygur Autonomous Region. As the largest trade event in south Xinjiang, the three-day fair has attracted 1,600 businessmen and delegates of trade and commerce associations, including 446 from six foreign countries, including […]
Shanghai received 9.2 billion U.S. dollars of foreign investment in the first half of 2014, up 10.9 percent from a year earlier, the Shanghai municipal government said Thursday. About half of new foreign-invested projects went to the Shanghai Free Trade Zone. Twelve multinational corporations (MNCs), including Volvo, Zegna and Danone, have set up their regional […]
China’s value-added tax (VAT) reform has so far resulted in a tax reduction of 267.9 billion yuan (43.56 billion U.S. dollars) for businesses, the State Administration of Taxation (SAT) said Thursday. China’s VAT reform, which was implemented as part of China’s structural tax cuts, has included replacing turnover tax with a VAT in the transportation […]
China’s cabinet, the State Council, issued a draft on traditional Chinese medicine (TCM) legislation for public review on Thursday. China will establish a comprehensive TCM medical service system covering both urban and rural areas, the draft said. Local governments above the county level should set up TCM departments in public hospitals and promote TCM service […]
China Telecom will be the exclusive carrier of Microsoft Corp’s video game console Xbox One, the first of its kind to launch in the Chinese mainland this autumn, the Chinese operator announced on Thursday. The console will be sold in China Telecom’s sales outlets from September, the state-owned telecom firm announced at a press conference. […]
Britain’s retail sales volume in June increased by 3.6 percent compared with June 2013 and by 0.1 percent compared with May 2014, said Office for National Statistics (ONS) on Thursday. In June 2014, all retail sectors recorded sales volume increase year-on-year. The last time this was seen was in March 2012, said ONS. In the […]