Property 

Expat demand for Beijing’s luxury serviced apartments falls as foreign firms scale back their Chinese operations

Beijing’s luxury serviced apartments market is set to take a hit from an increase in supply and a drop in demand from expatriates as foreign firms scale back their Chinese operations, according to observers.Foreign businesses, particularly manufacturers, have been losing market share in China under stiff competition from local companies in recent years. Many have moved their production facilities out of the country because of cost concerns, a trend exacerbated by the threat of higher tariffs… Source link

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Global 

China’s ‘AmCham’ trademark case sheds light on Beijing’s intellectual property protection progress

Edward Lehman never thought that the three registrations he made with China’s Trademark Office for US$300 in 1998 could ever get lost, nor could he imagine he would then be embroiled in a decade-long legal dispute to win them back.When the US-born lawyer followed the steps of tens of thousands of American businessman who came to China in the 1980s, intellectual property was only a vague concept unfamiliar to the vast majority of Chinese businessmen and officials.Pirated movies and music were… Source link

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China 

Beijing’s move to keep tax break on purchases of new-energy vehicles to support troubled auto sector, help biggest players

A move by Beijing to keep a sales tax break on environmentally friendly cars to help the sputtering auto sector will boost the fortunes of top domestic EV manufacturers as well as the popular Tesla from the US over smaller players, analysts say.Beijing had been widely expected to scrap the sales tax break, but the Ministry of Finance announced on Friday it is extending it. A change had been expected to go into effect Monday, but buyers battery-powered and plug-in hybrid cars will still be… Source link

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China 

US-China trade war weighed on Beijing’s decision not to pursue WTO market economy status, analysts say Why is China throwing in the towel over market economy status at the WTO?

The ongoing trade war with the United States was an important factor in China’s decision to halt a case against the refusal of the European Union to grant Beijing “market economy” status at the World Trade Organisation, analysts say.The pursuit of market economy status has been a long-term strategic goal for China, since it would enable it to avoid the anti-dumping cases it often faces because of its model of selling cheap goods to developed markets. It would also be a symbolic recognition of… Source link

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China 

Inside China's state-owned industrial park in Vietnam, Beijing’s image trumps trade war profits

Until the middle of 2018, business was slow for the only Chinese state-owned industrial park in Vietnam, located in the northeastern manufacturing hub of Haiphong and wholly-owned by the Shenzhen city government.US President Donald Trump’s tariffs on Chinese goods enacted last year changed that, with 16 of the 21 Chinese companies that have relocated to the China-Vietnam (Shenzhen-Haiphong) Economic and Trade Cooperation Zone – many of them electronic device manufacturers – having done so since… Source link

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Global 

The bold zero-tariff plan that could settle the US-China trade war in Beijing’s favour

At a time when Beijing and Washington are escalating their trade war by imposing higher tariffs on each other, it is probably counterintuitive for anyone, let alone a former senior official, to encourage China to speed towards the endgame goal of long-term free trade by embracing the “zero for zero” solution: zero tariffs, zero subsidies, and zero non-tariff barriers.But when that former official is Huang Qifan, until 2016 the mayor of Chongqing – one of China’s four directly administered… Source link

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Home 

Casino operators that play cards right will win from Beijing’s push to make Macau a family-friendly destination

Macau’s casino operators have pledged billions of dollars to develop non-gaming attractions in a bid to secure new licences, but analysts predict only the more efficient like Sands China and Galaxy will be able to curb losses and emerge winners.The spending frenzy comes as Beijing pushes to rebrand Macau as a family-friendly destination. Operators are ploughing US$10 billion into mostly non-gaming, which has traditionally been hard to monetise, before their licences expire in 2022 amid warnings… Source link

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Singapore, Bangalore ahead of Hong Kong in Deutsche Bank quality-of-life poll. Beijing’s second last

An elderly low-income earner pushes a trolley with cardboard bundles in Hong Kong’s Central district. All megacities in the poll are in the bottom half, with the exception of Tokyo, says Deutsche Bank. This is because the survey looks at average salaries, and while megacities have more people with higher salaries, the average worker can struggle for income and quality of life, the bank says. Photo: EPA Source link

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US-China trade war: here are Beijing’s options – and not one looks any good

From the volume of bellicose rhetoric in China’s state media, you might think Beijing is digging in for a bloody fight to the finish in its trade conflict with the United States.But after the US administration this month jacked up import tariffs on US$200 billion of Chinese goods to 25 per cent, and threatened equal tariffs on another US$340 billion, the Chinese government faces a problem.The policy responses it is considering are all either impossible, impractical, ineffective or expensive… Source link

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China’s airlines jostle for position at new mega airport, in rare glimpse into Beijing’s palace intrigue

China’s big three state-owned airlines are engaged in a competitive tussle for the rights to fly into and out of the new mega airport in Beijing, which will be among the world’s biggest when it opens in September.Intensive lobbying, high-level horse trading and political manoeuvring are dominating a drama which will help define the future of the world’s biggest airline market.China’s three big state-owned airlines are scrapping it out for landing slots at Beijing Daxing International Airport,… Source link

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