Stay Connected through WTCSD  Join Our Network on LinkedIn Like Us on Facebook View Our Blogs Follow Us on Twitter Watch Us on YouTube See Us on flickr Sign-up for The Trader
WTCSD Home

CHINESE MARKET

Background

For centuries China stood as a leading civilization, outpacing the rest of the world in the arts and sciences. But in the 19th and early 20th centuries, China was beset by civil unrest, major famines, military defeats, and foreign occupation. After World War II, the Communists under MAO Zedong established the People's Republic of China. After 1978, his successor DENG Xiaoping gradually introduced market-oriented reforms and decentralized economic decision making, and output quadrupled by 2000. Political controls remain tight even while economic controls continue to be relaxed.

In late 1978 the Chinese leadership began moving the economy from a sluggish Soviet-style centrally planned economy to a more market-oriented system. Whereas the system operates within a political framework of strict Communist control, the economic influence of non-state organizations and individual citizens has been steadily increasing. The authorities have switched to a system of household and village responsibility in agriculture in place of the old collectivization, increased the authority of local officials and plant managers in industry, permitted a wide variety of small-scale enterprise in services and light manufacturing, and opened the economy to increased foreign trade and investment. The result has been a quadrupling of GDP since 1978. In 2001, with its 1.27 billion people but a GDP of just $4,300 per capita, China stood as the second largest economy in the world after the US (measured on a purchasing power parity basis). Agriculture and industry have posted major gains, especially in coastal areas near Hong Kong and opposite Taiwan, where foreign investment has helped spur output of both domestic and export goods. On the darker side, the leadership has often experienced in its hybrid system the worst results of socialism (bureaucracy and lassitude) and of capitalism (windfall gains and growing income disparities). Beijing thus has periodically backtracked, retightening central controls at intervals. The government has struggled to (a) collect revenues due from provinces, businesses, and individuals; (b) reduce corruption and other economic crimes; and (c) keep afloat the large state-owned enterprises many of which had been shielded from competition by subsidies and had been losing the ability to pay full wages and pensions. From 80 to 120 million surplus rural workers are adrift between the villages and the cities, many subsisting through part-time low-paying jobs. Popular resistance, changes in central policy, and loss of authority by rural cadres have weakened China's population control program, which is essential to maintaining long-term growth in living standards. Another long-term threat to continued rapid economic growth is the deterioration in the environment, notably air pollution, soil erosion, and the steady fall of the water table especially in the north. China continues to lose arable land because of erosion and economic development. Beijing will intensify efforts to stimulate growth through spending on infrastructure - such as water control and power grids - and poverty relief and through rural tax reform aimed at eliminating arbitrary local levies on farmers. Access to the World Trade Organization strengthens China's ability to maintain sturdy growth rates, and at the same time puts additional pressure on the hybrid system of strong political controls and growing market influences.

Holidays

Jan 1-2 - New Year
Feb 9-11* - Spring Festival, Chinese New Year
May 1-2* - Labour Day
Oct 1-3* - National Day
Mar 8 - International Women's Day
May 4 - National Youth Day
May 23 - Tibet Liberation Day
Jun 1 - International Children's Day
Aug 1 - Army Day


Ps: These festival's date(*) given above are approximations which are subject to change every new year.

Phone Codes

Country Code: 86
Outgoing International Code: 00

Resources

Trade Leads

http://www.wtca.com/
Allows businesspeople to post trade leads of buy and sell offers in various industry categories. Members can post, view and respond to buy/sell offers as well as browse offers to cooperate with potential partners around the world.

Market Research

China Country Commercial Guide
The country commercial reports are prepared annually that basically offers a comprehensive outlook at Chinese commercial environments by using economic, political, and market analysis.

Internationalist.com
Resource travel guide to China

Chinatoday.com
There is available to find China search engine which enables to reach business & investment opportunities in China.

Chinadaily.com
It is the web portal of China's leading newspaper that provides recent economic, political & business developments in China.

CIA - The World Factbook - China
This website indicates a wide range of detail information about China by introducing under 8 different fields as its geography,people, government, economy, communications, transportation, military, transnational issues.

About China
There is available to find out China general outlook on the issues of its social and business profile, passport/visa, money, accomodation, government, duty free, health and so forth.

China Briefing


Trade Information

Asian Development Bank

Shanghai Foreign Investment Development Board

American Chamber of Commerce, Beijing

Beijing Organizing Committee for the Games of the XXIX Olympiad

Ministry of Commerce of the People's Republic of China

International Employment Opportunites

Asiaco-China
Employment in china

Wang Li- China
Employment in China

China Job Link
Employment in China
 
 
Powered by Wild Apricot Membership Software