Food ingredients in China | sauces & seasonings | Chinese importers

Food ingredients Chinese importersAug. 21 – Food ingredients in China – natural products, natural extracts, and functional ingredients etc., which linked to differences in geographic locations, ethnic tastes and flavors, cooking techniques. China is the world’s largest consumer market for food & beverage products. The Chinese market increasingly attractive to foreign brands of food ingredients with Chinese consumer changing taste.

Food ingredients |Sauces & seasonings | Herbs and Spices in China

The term “food ingredient” includes food additives, for specific technical and/or functional purposes during processing, storage or packaging which are ingredients added to foods to achieve a desired effect. Chinese food is an important part of Chinese culture, which food ingredients plays a significant role to achieve the ultimate delicious result, includes food originating from the different regions of China with varied local food ingredients, sauces & seasonings and herbs & spices. The choice for seasoning and cooking techniques of Chinese local areas count on differences in local cultural tradition, ethnic groups, and geographic locations also have a strong effect on the local available ingredients. Flavor, smell and taste are the three traditional aspects of the role of Chinese food ingredients, sauces & seasonings, herbs & spices, as well as the appearance and nutrition of the food. Chinese cooking is appraised from ingredients used, cuttings, cooking time and seasoning. According to food ingredient Asia-China – China food ingredients, sauces & seasonings, herbs and spices event 2018. It shows at present, the food industry development trend, advances, current situation, innovation, food consumption trend, regulations and standards, and development of food additives.

China Food Additives and Ingredients Market

The China food ingredients industry has continuously developed and played a significant role within the growing food, beverage and health sectors in China and beyond. Chinese nutraceutical, functional food and beverages, and dietary supplement industries attract international attention. The China food processing sector as whole, including the growing consumer demand for safe, convenient, high-quality processed food options. The Chinese market shows imported food ingredients are increasingly in demand by China domestic food processors, including sauces & seasonings, herbs and spices ingredient. According to food ingredient Asia-China, tapping into China food ingredients market is just right time. At this moment, China food ingredients include: natural products, natural extracts, functional ingredients, health food, and domestic flavors, and fragrances & condiments zone. Why China market? – The biggest food and beverage consumer market in the world to stretch your business horizon, according to food ingredient Asia-China:

  • China is the world’s largest consumer market for food & beverage products. The Chinese market increasingly    appealing for foreign brands along with Chinese consumer lifestyle changing;
  • The food processing sector is driven by consolidation in favor of larger companies with better access to investment capital and modern technology.
  • China has introduced stricter control on food safety that drives consolidation and increased demand for safe and high quality imported food ingredients.

Facts and Figures of Sauces & Seasonings Globally and China

According to products analysis of innova market insights, the leading category for tracked launches globally in 2017 was Sauces & Seasonings (20%). The leading herbs and spices used in all 2017 food & beverage launches tracked were Garlic (37%), Paprika (15%), and Turmeric/Curcumin (12%), the use of herbs and spices increased by +1.3% in 2017 vs. 2016. The most featured health positionings with a positive growth from 2016 to 2017 were High/Source of Protein (+20%), Gluten Free (+11%), No Additives/Preservatives (+3.9%), Organic (+3.8%), and Low Fat (+1.6%). Top 3 sub-categories are: bouillons-stocks-seasonings-herbs; cooking sauces; and savoury/salty snacks. Why Looking to Grow Your Business in China?  China food and beverage market is growing potentially huge in the coming decade along Chinese consumers changing lifestyle, taste and flavors. Among others, food ingredients industry is facing challenges and innovation. The public is calling for more natural products, natural extracts, health food and condiments, international flavors. Here are the China health food related Facts and Figures:

  • Vitamin & Dietary Supplements generated RMB83.7 billion in retail sales in 2013, accounting for 59.3% of the whole industry; The value of vitamins, dietary supplements, food and drug additives in China reached an estimated 81 billion USD in 2015;
  • Chinese consumers are spending more on healthier options in the form of better-for-you snacking foods, clean-label beverages and foods made with organic ingredients. Chinese expenditure on health products has grown at an annual rate of 15-30% over the last 20 years. Therefore local food, beverage and health supplement manufacturers are actively seeking a new range of ingredients to develop innovative products to meet this market growth.

For international food ingredients producers, manufactures and exporters looking to grow their business in China, the List of Chinese Importers for Food ingredients, Sauces & Seasonings  available upon request, contact with DCCC– the organization assists foreign companies to connect with reliable Chinese importers, distributors for consumers goods, food and beverage, email to: info@dccchina.org

Heineken wil meeliften met Chinese brouwer | Nieuwsbericht | DCCC

Heineken wil meeliften met Chinese brouwer | Nieuwsbericht | DCCCAug. 17 – Heineken heeft een belang van 40 procent genomen in de grootste bierbrouwer van China. De deal met China Resources Beer (CR Beer) kost Heineken in totaal omgerekend ruim 1,9 miljard euro.

Chinezen kiezen premiummerken – In de praktijk betekent dat dat Heineken zijn bezittingen in China verkoopt aan CR Beer en dat die onder licentie bier van Heineken aan de man brengen via hun wijdvertakte distributienetwerk. Heineken verdient geld via royalties, die het daarna deels weer wil investeren in China. Heineken werkt onder meer in Australië en Canada ook al via zulke licentiedeals. CR Beer is onder meer de brouwer van Snow, in volume het grootste biermerk ter wereld. Met de miljardendeal krijgt Heineken vooral meer mogelijkheden om zijn eigen merken naar voren te schuiven in de grootste biermarkt ter wereld. Chinezen die wat meer geld te besteden hebben kiezen vaak voor duurdere, buitenlandse zogenoemde premiummerken.

Beter verkrijgbaar – Volgens topman Jean-François van Boxmeer is Heineken nu goed verkrijgbaar, maar wel slechts in een beperkt deel van China. Via CR Beer moet Heineken, maar ook in beperkte mate Amstel en Tiger verkrijgbaar worden op alle plekken waar nu Snow wordt aangeboden. Snow, volgens Van Boxmeer ,,een licht, verfrissend écht Chinees biertje” kost ongeveer de helft van een glas Heineken.

Concurreren met andere – De concurrentieslag met de grote bierreuzen van de wereld, met name AB Inbev en Carlsberg, heeft de winsten in China onder druk gezet. Heineken verwacht naast de verkoop van meer premiumbier ook door kosten terug te dringen de winstgevendheid in China te verbeteren. De brouwer moet daar overigens ook concurreren met andere drankproducenten, die er eveneens steeds beter in slagen de weg te vinden naar de beter gevulde Chinese portemonnees. Heineken betaalt 24,4 miljard Hongkong dollar (2,7 miljard euro) voor het belang in CR Beer, dat op zijn beurt voor 464 miljoen euro aan aandelen in Heineken koopt. Dat komt neer op een belang van 0,9 procent. Ook krijgt CR Beer de controle over drie Chinese brouwerijen van Heineken ter waarde van omgerekend 263 miljoen euro.

De Chinese Anbang wil de Nederlandse Vivat definitief verkopen

De Chinese Anbang wil de Nederlandse Vivat definitief verkopenAnbang wil Vivat verkopen. Anbang heeft de afgelopen weken een aantal internationale zakenbanken aangeschreven met de vraag of ze een voorstel willen indienen voor het verkopen van de eigenaar van Zwitserleven, Proteq, Reaal en Actiam. Dat bevestigen vier bankiers. Er is nog geen beoogde tijdlijn voor een transactie.

Anbang heeft de afgelopen weken een aantal internationale zakenbanken aangeschreven met de vraag of ze een voorstel willen indienen voor het verkopen van de eigenaar van Zwitserleven, Proteq, Reaal en Actiam. Dat bevestigen vier bankiers. Er is nog geen beoogde tijdlijn voor een transactie.

Ontmanteling – De stap komt nadat in juni al verschillende adviseurs een pitch hielden in China om hun diensten voor de ontmanteling van het hele overzeese imperium van Anbang aan te bieden. Anbang werd sinds 1994 door de gevallen topman Wu Xiaohui opgebouwd. Wu werd in 2017 afgezet door de Chinese toezichthouders en is in beroep gegaan tegen een gevangenisstraf van 18 jaar wegens fraude. Naast Vivat, de voormalige verzekeringstak van SNS Reaal, kocht Anbang in Nederland en in de VS vastgoed (onder meer het Waldorf Astoria Hotel), een verzekeraar in Zuid-Korea en een bank en verzekeraar in België. Zakenbanken UBS en CICC werden door de curatoren van Anbang ingehuurd om dit imperium te ontmantelen. Die curatoren zijn afkomstig van de Chinese toezichthouder op de banken en verzekeraars. Die besloot in te grijpen bij Anbang omdat het de buitenlandse escapades te riskant vond.

Geen alternatief – De Nederlandsche Bank (DNB) vond de overname van Vivat in 2015 door Anbang niet riskant. Op de achtergrond speelde mee dat er geen alternatief was voor de twee jaar eerder genationaliseerde verzekeraar, die met een groeiend gat op de balans afstevende op een faillissement. Anbang kocht Vivat voor €1 en stortte later €1,4 miljard bij. Vivat heeft weliswaar forse kostenbesparingen achter de rug (van 24%), maar heeft een solvabiliteit die in 2017 op 162% lag, waardoor risicovolleren lucratiever beleggen lastig ligt. Dat zou na een fusie of overname anders liggen. Vivat heeft 2500 werknemers en 2,5 miljoen klanten.

Interesse – Allianz, Aegon en ASR hebben interesse. Athora, dochter van private equity fonds Apollo, wordt ook getipt. Anbang was niet bereikbaar voor een reactie. Vivat gaat niet in op marktgeruchten.

Chinese internationale handel in diensten steeg eerste semester

H1: Buitenlandse handel in diensten bereikte record. Tijdens het eerste halfjaar groeide de Chinese buitenlandse handel in diensten niettegenstaande het grimmig internationaal klimaat met een record. Dit wordt toegeschreven aan de stimulering van het verbruik en ook aan de graduele opening van diverse sectoren gaande van financiën tot cultuur.

De Chinese internationale handel in diensten steeg tijdens het eerste semester – De handel in diensten heeft betrekking tot de verkoop en het leveren van immateriële producten zoals transport, toerisme, telecom, publiciteit, boekhouden, ICT-diensten. De Chinese internationale handel in diensten steeg tijdens het eerste semester met 17% op jaarbasis tot 397 miljard dollar, aldus cijfers van het ministerie van Handel. Dit is een record niettegenstaande de wereldwijde weinig rooskleurige economische situatie. De uitvoer in diensten steeg met 22% tot 132 miljard dollar terwijl de invoer 265 miljard bedroeg en dit was 14% meer dan het jaar voordien, aldus het ministerie.

Internationale handel in diensten ook in de toekomst sterk zal blijven – Directeur-generaal Li Yuan bij het Department of Trade in Services and Commercial Services zegt dat de hoge vaart ondersteund wordt door de groeiende diensten sector waarbij computing, nijverheidsoplossingen, kleinhandel en een stijgende uitvoer van opkomende diensten zoals telecom en verzekeringen. Hij gelooft dat de internationale handel in diensten ook in de toekomst sterk zal blijven. China wendt immers meer middelen aan om het binnenlands verbruik te stimuleren, de ontwikkeling van infrastructuur en het maakwerk met hoge toegevoegde waarde. Ook de Chinese vraag voor reizen naar het buitenland, onderwijs en gezondheidsdiensten neemt toe. Gedurende jaren al wil de regering de economie sturen naar een model dat meer gedreven wordt door verbruik, diensten en innovatie. Vorig jaar stegen de diensten in China met 8%.

Sector open te stellen – Volgens vicevoorzitter Li Guanghui bij de Chinese Academy of International Trade and Economic Cooperation heeft China stappen gezet om de handel in diensten te ontwikkelen door gradueel financiën, onderwijs, cultuur en de medische sector open te stellen. Met de verdere verbetering in transport, logistiek, communicatie en e-commerce in de rurale gebieden hebben ook de rurale inwoners hun verbruik van goederen en diensten verhoogd. Het verbruik droeg tijdens het eerste semester 78% bij tot ‘s lands economische groei en dat is 12% meer dan vorig jaar, aldus het ministerie van Handel. De totale verkoop van verbruiksgoederen bereikte tijdens de eerste 6 maanden 18.000 miljard yuan wat een verhoging met 9,4% betekent op jaarbasis. Volgens onderzoeker Bai Ming bij de Chinese Academy of International Trade and Economic Cooperation maakt de Chinese economie een ommekeer van een macht in handel van maakwerk goederen naar een macht in de handel van diensten. Overigens heeft het geavanceerd maakwerk ook de ondersteuning nodig van de moderne diensten.

Andere cijfers – De afgelopen week werden nog andere economische resultaten bekend. In juli steeg de index van de concumptie met 2,1% op jaarbasis, een lichte verhoging tegenover de 1,9% gedurende de maand voordien. De fabrieksprijzen vielen van 4,7% tot 4,6%. De handelsspanningen met de VS en de daling van de munt zullen de economie tijdens de komende maanden onder druk zetten. Vele analisten geloven echter dat de minder gunstige economische vooruitzichten het prijsniveau op termijn zal versoepelen. Dit zou de Nationale Bank verder ruimte geven om de monetaire politiek losser te maken, aldus senior economist Julian Evans-Pritchard bij Capital Economics. Ook de cijfers werden bekend van de binnenkomende investeringen tijdens het tweede kwartaal. Volgens de State Administration of Foreign Exchange (SAFE) ontving China tussen april en juni voor 3,47 miljard dollar buitenlandse investeringen terwijl China 2,59 miljard in het buitenland investeerde. Resultaat is een netto instroom van 881 miljoen dollar.

Australia’s most popular honey producer sweet on Chinese market

Chinese importers of honeyAug. 15 – Australia’s best known honey brand appears set to target the Chinese market following a $145 million takeover bid by Sydney and China’s Hong Kong based private equity firm Wattle Hill. With offices in Sydney, Beijing and Hong Kong, Wattle Hill specializes in Australian businesses seeking to capitalize on the Chinese market.

Company co-founder Albert Tse, who is also the husband of Jessica Rudd, the daughter of former Australian Prime Minister Kevin Rudd, told Fairfax media on Monday that Capilano had “super exciting” prospects in China and elsewhere in Asia. “Capilano has a range of premium brands that I think the Chinese and other Asian consumers would really be enjoying,” Tse said. “The focus will be on delivering innovative products with therapeutic and digestive health benefits in demand by Asian and Chinese consumers,” Tse said. Wattle Hill has partnered with Roc Partners for the bid which saw the Capilano stock price surge by around 30 percent on Monday.

Capilano managing director Ben McKee said he believes that the bid would allow the company to build up a global-scale business. “We’re at a stage where our business has been growing over recent years, and now the export markets that we’re entering into, like China and so on, take a fair bit of investment,” McKee said. “Getting our brand known and our history and our company and the quality of our products, and the therapeutic credentials of some of our products known in China, is going to take some investment.” A meeting for shareholders to consider the offer will be held in November.

DCCChina™ List of Chinese Importers is produced by DCCC. The organization assists foreign companies to connect with reliable Chinese importers, distributors for Consumers Goods, Food-Beverages in China. For international Honey producers, honey importers, and exporters, the List of Chinese Importers for honey Products available upon request, contact with DCCC, or email to: info@dccchina.org

Packaged food imported to China | Chinese packaged food market

Packaged Food Imported to ChinaAug. 9 – China’s packaged food market constantly growing, sales are however also benefiting from healthy diet and increasingly busy consumer lifestyles. According to Euromonitor, sales volume of packaged food in China reached some RMB1, 577 billion in 2017, representing an average annual growth rate of 6.6% since 2012. China’s economy keeps bringing GDP growth to 6.5% in 2018 and 6.3% in 2019.

Packaged Food Value Sales Growth Intensified in China

The trend towards packaged food that priorities health and wellness has been seen globally, according to food and drink insiders, there will be more healthy packaged products in the coming years, particularly with plant-focused formulations. As China’s packaged food market experiencing exponential growth year by year. Sales are however also benefiting from the concept of healthy diet and increasingly busy consumer lifestyles, with various becoming more willing to pay for convenience. This tendency was also due to rising income, with increase affordability, consumer changes in shopping channels are impacting the development of the packaged food market in China, there are opportunities abound for companies around the world to capitalize on these trends.

Why Chinese Consumers Choose Imported Packaged Food?

Chinese consumers purchase imported packaged food is a trend. It is not a typically tradition of Chinese consumers’ behavior, but it is relatively new phenomenon which linked to the new concept of healthy diet and ever more busy consumer lifestyles. Generally speaking, Chinese consumers are positive toward imported packaged food, which has something to do with the mind of Chinese consumers, and the reality of food demand and supply in China. On the whole, better quality, good taste, higher nutrition value are the main reasons for Chinese affordable consumers to purchase imported food.

How to Connect with Chinese Importers of Packaged Food?

Imported packaged food products in China, and Chinese consumer’s perceptions of imported food products are interesting topics to have impact on packaged food producers, packaged food imports, exports. Imported packaged food in China mainly are chocolate, coffee, beef, pork, poultry, biscuits & snack food, high protein bar, bottled mineral drinking water, honey, breakfast cereal, seafood, dairy, fruit & vegetables, tree nuts, wine & beer, infant formula and pet food, etc. The quality, price, and packaging play an important role with imported packaged food in China, generally, Chinese consumers’ view on imported foods: better quality, flavorsome, nutritional, attractive packaging, but high in prices. A related survey indicated that more than one-third Chinese consumers purchased more imported food than domestics ones in the past, contribute to more than others of imported food purchase by value. Chinese market offers opportunities for achieving greater efficiency for packaged food producers and imports, exports businesses. For the List of Chinese Importers for Packaged Food available upon request, please contact with DCCC– the organization assists foreign companies to connect with reliable Chinese importers, distributors for consumers goods, or email to: info@dccchina.org

China spectacular soft drinks market | Chinese importers for beverages

Chinese importers for saps-juices-energies beveragesJul. 23 – Soft drinks market in China is undergoing a stronger shifting for healthier beverages due to demand public health. China spectacular soft drinks market occupies an important position in the international non- alcoholic beverages industry. There are changes in the direction of producing healthier drinks to come. Soft drinks are no more just to quench the thirst, but to add value to public health.

Why soft Drinks are so Widespread Beverages in China?

Soft drinks are called “soft” in contrast with “hard” alcoholic drinks, including carbonated drink, cool drink, cold drink, fizzy drink, fizzy juice, lolly water, pop, seltzer, soda, coke, soda pop, tonic, and mineral. Due to the high sugar content in typical soft drinks, they may also be called sugary drinks. Soft drink typically contains carbonated water a sweetener, and a natural or artificial flavoring. The sweetener may be sugar, high-fructose corn syrup, fruit juice, sugar substitutes (in the case of diet drinks), or some combination of these. Soft drinks may also contain small amounts of alcohol, less than 0.5% of the total volume if the drink is to be considered non-alcoholic. Soft drinks are also usually available at fast food restaurants, movie theaters, convenience stores, casual dining restaurants, , and bars from soda fountain machines around first and second tired cities in China. Due to the common characteristic of soft drinks, plus eye-catching designs, conveniences to carry, accessibility overall, up to its final, it’s the affordability which attracts millions of Chinese consumers. Take a closer look at soft drinks in China market, the consumption patterns reveals a rise in the consuming of soft drinks in China which linked to the growing in disposable family incomes. Soft drinks consumers in China prefer to purchase imported brands of non-alcoholic beverages, according to a related report.

How is the Soft Drinks Industry in China Today?

Soft drink industry in China responds to public plea resolute to turn into better and healthier. According to related chart indications the soft drink production in China from May 2017 to May 2018. In May 2018, the industry had produced about 14.95 million tons of soft drinks. Furthermore, the accumulated production volume of soft drinks in China for 2015 has reached more than 120 million tons as of August 2015. According to the Economist Intelligence Unit, Market growth for groceries, beverages and tobacco in China is estimated to maintain a steady rate of slightly over one percent per annul until 2018. According to Analise Asia, energy drinks are gaining popularity among Chinese consumers. A related the survey revealed that about 28 percent of respondents in first-tier cities had stated that energy drinks were the soft drinks they consumed most often.

How to Import Soft Drinks to China?

If you are the company engaged in beverages production, imports and exports businesses, there are a few tips for making your transits trade easier:

  • Get connected with reliable and strict administrative checked Chinese importers for soft drinks;
  • Understand the Chinese rules over importing beverages into China with updated attention points;
  • Overcome import tax issue is a key by master the guide to beverages import into China;
  • Relevant documents are prepared with leading international beverages Chinese importers who have long-term engagement in the imported Chinese beverages sector that guarantee to enter China market with supportive ports checking.

For international soft drinks producers, beverages exporters, and exporters, the List of Chinese Importers for non-alcoholic beverages available upon request, contact with DCCC– the organization assists foreign companies to connect with reliable Chinese importers, distributors for consumers goods, email to: info@dccchina.org

New coffee sensations in China – Incredible coffee market opportunities

incredible Chinese coffee market opportunitiesJul. 19 – China coffee market offers incredible business opportunity for international coffee sector. According to a related reporting that’s revealed from both statistics of growing sales of households coffee machines and rising regular number of coffee consumption of Chinese customers. Our report at DCCC has previously revealed Coffee in China new trends with Chinese coffee importers as well.

China New Coffee Sensations Begins With “about the Show”

As Chinese metropolitan have embraced Western café drinking habits and streamed its practice of sophistication for coffee, a unique phenomenon is happening on the Mainland, the hot coffee has entered the daily life for many inner-city Chinese in seemingly quiet way in recent years. You don’t see huge adverting efforts, but you see the increasing enjoyable drinkers taken cups of hot coffee in Cafes situated in Beijing, Shanghai, etc. Chinese consumers are “more open to consuming coffee in trendy comfortable café” as Chinese experts indicates. Simultaneously, making coffee at home has entered many households in the inner-cities which are now formed as a part of the daily routine for many younger urban residents in particular. Although a majority of Chinese consumers don’t have the education to tell the difference between a cup of specialty coffee and a regular cup as a related reporting indicates. However, it’s not only about the taste of the coffee, but also about the taste of the place when sit-downs for a cup of coffee. It’s about to be in a place, it’s about the show, in this huge Chinese coffee market there is space for everyone.

Cafés Saloons and Households Used Coffee Machines Sale Well in China

Café chains and households are the primary consumers of coffee machines in China, according to data of China market research center. Café bars and home use still account for majority of the coffee machine market in China. The data further displayed that in China, commercial use accounts for more than half of all coffee consumption, with coffee chains taking up the lion’s share at around 38% and F&B following with a 16% market share. 35% of the market, second highest, is made up by household coffee consumption, while the office segment makes up the lowest percentage at 11%. However, café bars and household used coffee machine are occupied dominant sale position in China while foreign brands still lead the coffee machine market in China. Among others, fully automatic coffee machines and capsule machines on the top of the sales for individual use, according to a related China report.

Opportunities for Importing Coffee and Coffee Machines to China

China coffee market is offering a considerable growth opportunity, particular niches for coffee and coffee machines imports to China. Many chances in China coffee sector are rising high at present and near future, according to a related China reporting. Both importing coffee and coffee machines to China are not separated chains niches. As China market insiders point out that the coffee machine market in China is still a blue ocean with Chinese household coffee consumption is thriving. The unique niches in getting into China coffee sector are so obvious. First, China needs to import more coffee; Second, China needs to import fully automatic coffee machines and capsule machines into China. Particularly with China 2017 tax laws create better business environment for domestic and foreign brands alike in coffee businesses. Tariff Department of the Ministry of Finance in China (国家财政部关税司) reduced the tariff on 187 imported goods, including foreign coffee machines from 32% to only a 10% import duty. This is the unique chance to expand coffee business into China market. For those companies engaged in coffee, or coffee machines related products, this China coffee market potential presents substantial opportunities for coffee products or coffee machine companies concentrating on toward the inside the Chinese market. For China Coffee Machines Market Report Demand and Supply 2018-2023 available upon request, please contact with DCCC, or email to: info@dccchina.org

China’s Legend Holdings to buy Luxembourg’s oldest bank

China’s Legend Holdings to buy Luxembourg’s oldest bankJul. 17 – Chinese investment holding company, Legend Holdings, which owns well-known PC maker Lenovo Group, has bought into Banque Internationale à Luxembourg, the oldest private bank in the country, The Paper reported. Legend Holdings Corporation is a Chinese investment holding company with interests in finance, real estate, and information technology, and the controlling shareholder of its better-known subsidiary, the Lenovo Group.

Legend Holdings paid a total 1.534 billion euros (US$1.79 billion) to acquire an 89.936% stake in the Luxembourg bank. The remaining 9.993% stake is held by the Luxembourg government. Other minority shareholders account for only 0.071%.

The Chinese company hopes to build up its foundation in the financial sector via this investment. Meanwhile, the company’s asset structure, which has been dominated by Lenovo, is expected to be optimized after the acquisition. After that, the assets of the bank will account for 35% of the total assets of Legend Holdings, while Lenovo’s shares in the company will fall from 54% to 33%. The existing governance structure and management team of the bank will remain the same.

Belgium Expected to Partner with Alibaba for Trade Platform

Belgium expected to partner with Alibaba for trade platformBelgium is likely to join an emerging world trade arrangement initiated by Chinese e-commerce company Alibaba Group, as more countries strive to facilitate trade, especially among small and medium-sized enterprises.

Belgian Prime Minister Charles Michel expressed his country’s interest in becoming a partner of the electronic World Trade Platform during a meeting with Alibaba chairman Jack Ma in Brussels on 3 July, the company said in a press release.

While no details were provided, more may be in the works in Belgium, with the city of Liege under consideration as one of six hubs Alibaba’s logistics arm Cainiao plans to open across the globe. Nearly two million parcels are being transported between China and Belgium on a monthly basis, according to Cainiao’s data. Alibaba launched its first eWTP hub in Malaysia last year. The purpose of such an establishment is to provide SMEs with the same infrastructure as larger companies to conduct global trade.

International mechanisms like the World Trade Organization and the World Economic Forum are increasingly adopting such concepts, co-launching a new initiative last November to put e-commerce practices and policy front and center among governments, businesses and other stakeholders on a global level.

Chinese, Greek Energy Giants Sign Cooperation Deal in Athens

Chinese, Greek energy giants sign cooperation deal in AthensChina Energy Investment Corporation, one of the world’s largest power company, signed a strategic cooperation agreement with Greece’s Copelouzos Group here on 5 July in the fields of renewable energy and conventional electricity.

Under the deal, the Chinese company will acquire a 75-percent participation in a significant pipeline of wind power parks constructed by Copelouzos Group in Greece, the Group’s President and CEO Dimitris Copelouzos said while addressing the celebratory event for the signing of the deal. In addition, the two groups have expressed interest in acquiring Greece’s Public Power Corporation’s lignite units in Megalopoli in southern Greece and Meliti in northern Greece, a step which marks the beginning of their cooperation also in the conventional power plants, according to Copelouzos.

The cooperation deal envisages investments worth at least 3 billion euros (3.5 billion U.S. dollars) in the Greek market only, Copelouzos group sources said. Spokespersons from both sides noted that the two groups aim to expand in both the Balkans and other European countries via their cooperation. Ling Wen, President and CEO of China Energy Investment Corporation, also expressed his confidence in future cooperation at the event. “We firmly believe that we will have more profound cooperation and have more benefits for both countries which have great history and our common future will be much better.”

The event also saw the presence of several Greek ministers, who welcomed the deal by terming it as a new milestone in Sino-Greek win-win collaboration. “It is a very important development given that Greece has a comparative advantage in renewable energy sources, as we know, an advantage that we have not exploited as much as we should have so far. Now there is a framework available to be able to move forward at fast pace,” Stergios Pitsiorlas, deputy minister of economy and development, said while delivering a speech during Thursday’s ceremony.

The Greek side will facilitate more Chinese investments, he added. Chen Suhong, first secretary of China’s embassy in Greece, also welcomed the cooperation between the two companies, voicing optimism that it will help both sides to become more competitive. “It is a very big event to realize the Belt and Road Initiative.Our cooperation will certainly benefit both sides,” she said, addressing the ceremony. (1 euro= 1.17 U.S. dollars).

London Attractions Adopt Alipay to Boost Tourism

London attractions adopt Alipay to boost tourismTourist attractions around the world are stepping up their efforts to deploy Chinese mobile payment methods as the country’s outbound tourism market has become the largest in the world, with more than 130 million overseas visits being made last year alone.

In its latest attempt to allure more Chinese visitors, Merlin Entertainments recently partnered with Alipay, China’s largest mobile payment platform, in a deal enabling tourists from China to make payments in their home currency to purchase both tickets and souvenirs across all of Merlin’s London attractions, including London Eye, Madame Tussauds London, the London Dungeon and more.

Iis Tussyadiah, president of the International Federation for Information Technologies and Travel & Tourism, said there is a growing trend for tourism destinations targeting the Chinese market to adopt mobile payment systems such as Alipay and WeChat Pay. “I see this as a reflection of the increasing importance of the Chinese market to many tourism destinations,” she said. “The industry recognises that Chinese tourists generally have more purchasing power compared to their counterparts. Therefore, adopting the payment system that is familiar to Chinese tourists will potentially be effective in increasing their spending.”

Tao Tao, Alipay’s business development director in Europe, said: “Alipay is focused on enabling Chinese tourists to experience seamless travel – from the moment they book their flight, through to their transport, shopping, eating and entertainment. “We’ve made great progress in the retail space, with leading brands across Europe embracing the opportunity to better cater to the lucrative Chinese tourism market. This partnership with Merlin marks a significant step into the attractions and entertainment space for Alipay,” he added.

Alipay is available for Chinese visitors to use at brick-and-mortar shops in 18 European countries, while its tax-refund service is supported at 76 European airports. UK retailers include Harrods, Selfridges, Holland and Barrett, and Heathrow Airport.

Finland is another key European country where Alipay is widely accepted among merchants, including at the Santa Claus Village and Finnair, as well as with leading Finnish taxi companies. Tussyadiah said: “Mobile payment has an important role in overseas travel among Chinese tourists not only because it can facilitate a seamless travel experience due to the prevalence of mobile payment in China, but mobile payment systems also have great marketing power to influence Chinese tourism consumption (anywhere).”

Tourism experts said using mobile payment is a more cost-effective method than a bankcard, which is commonly used in Europe. Liu Anyu, a lecturer in hospitality at the University of Surrey, said: “Compared with Visa and Mastercard, Alipay does not charge the commission fee for consumption, only the exchange rate loss, if any. Customers only need to pay a commission fee if they move the money from the Ali account to a bank account.” Liu added that using Alipay lowers costs for visitors, which could be another reason for its popularity among Chinese tourists.

The use of Alipay is well established for short-haul destinations, such as Hong Kong, Japan and Singapore, and, according to Liu, more long-haul markets will soon adopt the system given the sustained growth of outbound tourism and the significant purchasing power of Chinese tourists.

China exports, imports grew six-month surges from January to June 2018

China's foreign trade surges despite challengesJul. 17 – China’s foreign trade surged by 7.9 percent year-on-year to 14.12 trillion yuan ($2.1 trillion) in the first half of the year, despite potential challenges posed by the United States’ protectionist trade policies.

From January to June, the country’s exports grew by 4.9 percent year-on-year to 7.51 trillion yuan, while its imports amounted to 6.61 trillion yuan, jumping by 11.5 percent from same period a year earlier, according to China’s General Administration of Customs on 13 July, 2018.

As for China-US trade during the period, the volume grew by 5.2 percent year-on-year to 1.93 trillion yuan, accounting for 13.7 percent of China’s total foreign trade. China will closely watch the impacts caused by the unilateral US tariff measures, since they will dent bilateral trade and the global economy, according to GAC spokesman Huang Songping. His comments came after the Trump administration announced a possible second round of tariff increases targeting a wider range of $200 billion worth of Chinese imports earlier this week, following tariffs on $34 billion of Chinese goods on July 6, 2018.

China’s foreign trade may face potential downward risks in the second half due to the heightened protectionism, though Beijing is capable of handling the challenges, Huang emphasized. Global institutions such as the International Monetary Fund have maintained expectations for decent global economic growth, while pointing out the potential downside risks the world may face, Huang said. “In particular, unilateralist and protectionist measures initiated by certain countries will present challenges to the stable growth of global trade,” Huang added.

Despite external challenges, China’s foreign trade is expected to keep its momentum this year, thanks to continued efforts from the government to promote supply-side structural reform and push trade facilitation, according to Huang. Also on Friday, Xin Guobin, vice-minister of industry and information technology, said China will accelerate the pace of developing high-end manufacturing and digital technologies, such as numerical control machines, passenger aircraft and aircraft engines, automobiles, artificial intelligence and big data to further enhance its exporting capabilities.

To avoid the risks brought by the US trade policies, Sang Baichuan, a professor with the University of International Business and Economics in Beijing, suggested that China and countries from the European Union, as well as Russia and South Korea, can further tap their cooperation potential in areas such as high technology, innovation, agriculture, finance and digital economy. “The integration of China’s competitive labor costs and international capital and technology has helped facilitate its economic growth and global economic prosperity since the country’s reform and opening-up drive. It has also generated handsome returns for foreign companies via exporting their products from China,” said Xue Rongjiu, deputy director of the Beijing-based China Society for World Trade Organization Studies.

China has been Russia’s largest trade partner for eight consecutive years

China-Russia's largest trade partner for eight consecutive yearsJul. 11 – China has been Russia’s largest trade partner for eight consecutive years, with bilateral trade increasing by one third to $87 billion last year. As the trade volume reached $32 billion in January-April 2018, it is expected to exceed $100 billion for the whole year. Russia would continue to be dedicated to exploring the full potential of Russian-Chinese inter-regional and cross-border cooperation.

China-Russia Expo Sees Big Enthusiasm for Regional Cooperation

A number of documents were signed at the end of the forum, including a document on the establishment of a China-Russia science and technology cooperation alliance and a cooperation agreement between Chinese and Russian engineering colleges. As the highest-level and largest comprehensive exhibition held by the two countries, the China-Russia Expo has played an important role in enhancing trade and economic ties as well as exploring regional and business cooperation. “China and Russia have entered an important period for their national development and rejuvenation. With highly compatible development programs, regional cooperation is very promising,” Chinese Vice Minister of Commerce Gao Yan said. As bilateral trade continues to grow rapidly, mutual investment is expanding, and large-scale strategic projects in the fields of energy, nuclear power, aerospace and infrastructure are being steadily advanced, she said.

Importers Told to Look to Belt and Road as a New Source of Imports

China has been the world’s second-largest importer for nine consecutive years, and also China has been Russia’s largest trade partner for eight consecutive years. Companies should “look to Belt and Road countries as a new source of imports, strengthen strategic cooperation, and increase imports of high-quality products that meet the needs of upgraded domestic consumption in order to expand the scale of trade,” according to the State Council notice. From January to May, China imported 1.1 trillion yuan in goods from countries involved in the Belt and Road Initiative, an increase of 15.1% year-on-year, and 3.4 percentage points higher than the overall growth rate of imports, according to a representative from the foreign trade department of the Commerce Ministry in a statement (link in Chinese) released on Tuesday. The State Council notice also called for supporting imports of products closely tied to people’s daily lives such as everyday consumer goods, medicine and senior-care products. China has been the world’s second-largest importer for nine consecutive years.

Soybeans import to China – Chinese market soybeans statistics

Chinese soybeans importers Jul. 9 – China soybeans huge market is in great demand for soybeans import. Chinese importers of soybeans are linking soybeans suppliers to China. Soybeans have always been desirable agricultural products that China most imported. As the soybean supply in China depends on imports, the Chinese soybeans importers have never been as busy as now.

Soybeans and China Soybeans Market

Soybeans, which are also known as soya beans, are a species of legume that has become one of the most widely consumed foods in the world. They are extremely useful for human health and they are easy to cultivate as well. China has the biggest population; China is the world’s biggest oil-seed processor too. Currently, this soybeans market is obviously depends on import from other countries which build up both the import volume and import value accounted for more than 1/3 of those of the domestic soybeans. The world’s second big economic entity transferred from the largest producing country to the importing domain. According to a related report estimating that the Chinese market continues to increase the demand for soybeans, and the production volume of the domestic soybeans lean towards no sign of potential growth, China soybeans import volume will keep growing in the foreseeable next few years.

Why are Soybeans so Attractive in China?

Due to soybeans nutrition benefits, such as: improve metabolic activity, healthy weight gain, boost heart health, boost digestion, improve bone health, improve circulation, etc., Most Chinese have the habit of taking cooking soybeans when eating, soybeans has become one of the most widely consumed foods in China. According experts that soybeans are extremely useful for human health and they have become wildly important and popular in recent decades because of the rise in soy food’s popularity, including soy milk and textured vegetable protein. The high levels of protein make these soy products an ideal protein source for vegetarians and the variety of soy products has created a massive new market altogether. One of the reasons soybeans are widely imported to China is because Chinese family are habituated to apply soybean oil and peanut oil for their cooking, baking or frying dishes with soybeans cooking oil, it is Chinese traditional cooking oil as well. Furthermore, soybeans are contained more protein, packed with other essential nutrients, making them extremely important for Chinese people on diets, at this moment, Chinese citizen have the means to take a good care of their health and nutrition in foods choices, soybeans products became one of welcome foods for those who need to improve their overall health, and vegetarians and vegans throughout China. Therefore why are soybeans so attractive in China that is so obvious to increasing import soybeans to China market?

Chinese Importers for Soybeans

According to a related report that the annual production volume of soybeans is estimated to be lower than 13 million tons in China in recent years. However, as the economy develops and the living standards increase in China, the annual demand for soybeans keeps rising, exceeding 100 million tons in 2017. Obviously, the home-grown soybeans cannot satisfy the domestic market demand, so China has to import numerous soybeans every year. In 2017, the import volume of soybeans in China totaled 95.535 million tons, increasing by 13.85% YOY. The import value reached USD 39.62 billion, increasing by 16.63% YOY. As the soybean supply in China depends on imports, Chinese importers for soybeans are closely related to the import soybeans to China. As stated before that estimated statistics indicates that as the demand for soybeans in the Chinese market continues to increase, and there is no growth potential for the production volume of the domestic soybeans, the import volume will keep growing in the next few years. For the Chinese market soybean demand, soybeans import and export in China and particularly for the List of Chinese Imports for Soybeans Products available upon request, please contact with DCCC, or email to: info@dccchina.org