F REIGN TRADE - 中国国际贸易促进委员会

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Figure 3: Consumption of Chinese in Spring Festival abroad (hundred million) 80 70 60 50 40 30 20 10 0 2010 2011 2012 Whether the economic situation is good or bad directly determines the size of the impact. If the economic situation is good, people would have a strong consumer preference, but if the economic situation is bad, people would have a weak customer preference. With the continuous development of China’s economy, people’s income rises, more and more Chinese choose to travel abroad on holidays. In 2010 Spring Festival, Chinese consumption in Europe was worth nearly 2.3 billion Consumption of Chinese in Spring Festival in Europe Consumption of Chinese in Spring Festival abroad Source: Macro Teaching and Research Support System. Yuan, 2.6 billion Yuan in 2011, and 3.3 billion Yuan in 2012 . Economic policy leads to an inverse seasonal growth in trade. December is usually not a well performed month for China’s foreign trade, but the data shows that in December 2012, China’s import and export registered about 366.84 billion dollars, a year-on-year growth of 10.2%. Among them, the rate of export growth was 14.1%. The rate of import growth was up to 6.0%, while in the preceding 11 months it was zero. The rates of export and import growth in December 2012 both reached a new peak. This is mainly because of the economic policies introduced by the government, which are available for one year only. It stimulated the trade enterprises to arrange a large number of import and export orders in the end of the year. How to effectively promote China- EU trade by holidays Having holiday is a traditional habit for people, who choose a most suitable way to celebrate a festival regardless of the overall economy or their income, but the way people choose could be influenced by a variety of factors. If we could create good conditions for people, it will effectively promote bilateral trade. With the deepening of political mutual trust, China and the EU should relax the restrictions on inbound and outbound tourism, reduce the visa requirements, simplify the procedures, and create convenient conditions for holiday tourism. In addition, we should improve the quality of tourism services, to let holidays always play an active role in bilateral trade. Study the different holiday demand of the Chinese and the Europeans, analyze consumer psychology, and find out market segmentation. Enterprises in China and the EU should strengthen economic ties between the consumer and holiday and produce a variety of high-quality products to meet the needs of consumers. Look for new trade opportunity, stimulate the potential of holiday trade. China should optimize the structure of export products to Europe, accelerate industrial upgrading and improve product quality. China-EU trade frictions mostly concentrate in labor-intensive industries, where China has a comparative advantage. China’s export products to Europe are mostly cheap, which occupy a large share of European market. Of course it easily results in trade friction, which may be harmful to bilateral trade. (Authors: from School of Economics and Business Administration, Beijing Normal University) 22
Higher, Broader, Deeper ECONOMY By Kelvin Lau, Becky Liu RGI rebound signals the likely resumption of long-term uptrend London narrows the gap with Singapore as the offshore pie expands We see better CNH liquidity in 2013, leaning against even bigger drainage under the capital account Our RGI resumes its uptrend in tandem with rising market confidence in China’s recovery and CNY appreciation. Higher RGI, broader reach and a deeper liquidity pool The Standard Chartered Renminbi Globalisation Index (RGI) rebounded and hit a new high of 737 in November, up from a revised 731 in October (see Figure 1). The RGI is a comprehensive index that measures the internationalisation of the offshore Renminbi (CNH) across markets and geographies. The improvement in November was broad-based. We expect growth to continue, driven by recovering confidence in China’s economy and CNY appreciation, the continued expansion of the Renminbi’s global reach (especially via Renminbi invoicing), and further policy support. CNH deposits in Hong Kong increased in November, driven by stronger net outflows from the mainland via cross-border Renminbi trade settlement. The return and broadening of the CNH spot premium over CNY likely pushed onshore firms to make Renminbi trade payments to – and convert them in – the offshore market. However, comments by China Securities and Regulatory Commission Chairman Guo Shuqing that the R-QFII quota may be expanded as much as 10 times are a timely reminder that the magnitude of net outflows to China under the capital account still holds the key to longer-term CNH deposit growth. We expect total Figure 1: The RGI has grown more than seven-fold since December 2010 Note 1: An index base of 100 was set for Dec-2010, initially covering Hong Kong only Note 2: Singapore and London became Eligible Markets and were added to the RGI in Aug-2012 Note 3: Brief pauses in the RGI uptrend in Q4-2011 and Q1-2012 reflect a period of caution and market consolidation following late Q3-2011 market turbulence triggered by global risk aversion Source: Standard Chartered Research 23
Page 1 and 2: FEB. 2013 No. 531 Sponsored by CCPI
Page 3 and 4: Quotes reserves are expected to be
Page 5 and 6: Quotes Regulator vows to take hard
Page 7 and 8: 61 Chinese Investments Welcomed in
Page 9 and 10: Food Prices Saw Sharp Rise By Leo Z
Page 11 and 12: Hot Booking of New Year Eve Dinner
Page 13 and 14: Eco-fireworks Light the Snake Year
Page 15 and 16: Spring Festival, many nationwide ba
Page 17 and 18: Have You Bought Train Tickets? By H
Page 19 and 20: As a global strategic asset, even i
Page 21: Table 1 The Number of Europeans Com
Page 25 and 26: CNH deposits have always been the t
Page 27 and 28: the current earnings of a firm rise
Page 29 and 30: fields, a decline of 10.1% on the p
Page 31 and 32: Metal China iron ore imports hit fr
Page 33 and 34: ENVIRONMENT China issues first gree
Page 35 and 36: CONSUMER Home prices rise in more C
Page 37 and 38: TRANSPORTATION More Choices for Onl
Page 39 and 40: at least two important things to ha
Page 41 and 42: It is the latter mentioned companie
Page 43 and 44: around since at least 2010, consume
Page 45 and 46: Hurun Reports presents findings fro
Page 47 and 48: Table 2: Best Brand for Gifting by
Page 49 and 50: traditional boundaries of the autom
Page 51 and 52: ways to expand their value chain an
Page 53 and 54: Ministry of Commerce (the “MOF- C
Page 55 and 56: ASIA-PACIFIC of China, the Republic
Page 57 and 58: EUROPE Chinese Investments Welcomed
Page 59 and 60: EUROPE Why challenged sector? EU’
Page 61 and 62: Regional Trade & Investment By Cui
Page 63 and 64: Regional Trade & Investment By Lesl
Page 65 and 66: Regional Trade & Investment LOCAL C
Page 67 and 68: Building a “Golden” Card for Bo
Page 69 and 70: customers. As emissions and noise h
Page 71 and 72: InfoRMATION Investment Projects in
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InfoRMATION China Fairs & Expos Tra
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InfoRMATION Electrical Apparatus, H
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INFORMATION 2013 China Market Suppl
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Feature Lifestyle By Guo Yan Cabbee
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Feature Lifestyle Scandinavian styl
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THIS IS HINA Shang Dynasty Ruins Or
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THIS IS HINA Hebei Beijing Songyang
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Spring Festival Memoir: In the Defe
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Culture qiān 千 zì 字 wén 文
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F REIGN TRADE - 中国国际贸易促进委员会

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