F REIGN TRADE - 中国国际贸易促进委员会

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Industrial Watch FINANCE Stocks up on bullish China and US figures Industrial Watch The Shanghai Composite Index rose 1.41 percent to 2317 points on January 18, hovering above the 2300 level for four days in a row, after China and the United States released bullish economic data, reported by China Daily. The increase was driven by the release of China’s 2012 GDP data, real estate news from Shenzhen and supportive economic figures from the US. China’s GDP growth was 7.8 percent in 2012, above analysts’ expectation of 7.5 percent. GDP increased 7.9 percent in the fourth quarter of 2012 — ending a seven-quarter decline — and up from 7.4 percent in the third quarter and 7.6 percent in the second quarter. The government said that industrial production increased 10.3 percent year-on-year in December 2012, while retail sales were up 15.2 percent year-on-year the same month. Tomomichi Akuta, an analyst at Mitsubishi UFJ Research and Consulting in Tokyo, said the figures confirm the view that China will not see a hard landing, and that it can resume sustainable growth between 7 and 8 percent. Asian stock markets may also see gains on the back of China’s GDP data, the analyst said. Meanwhile, the real estate sector gained 3.18 percent in the afternoon trading on news that a property development plan in Shenzhen - a major business hub in South China — has been approved by the Ministry of Land and Resources. The Shenzhen stock index rose 1.32 percent to 9432.3, while the Hang Seng China Enterprises Index of mainland companies traded in Hong Kong rose 2.09 percent, closing at 12105.71 points. The market was also supported by US government data on housing starts and the unemployment rate. Analysts said the US figures showed a continued, although slow, recovery. The data helped confirm the view that Comment China is recovering from the economic slowdown seen last summer, and is good news for the Chinese stock market. The Chinese economy will be more stable in 2013 than it was last year. HK to expand offshore RMB business Hong Kong Chief Executive CY Leung said on January 16 that Hong Kong will consolidate and expand offshore renminbi business, especially in the areas of cross-border RMB trade settlement, and issuance of offshore RMB bonds and securities products, reported by Xinhua. Delivering his first policy address, Leung noted that Hong Kong has become the largest and most liquid RMB business center outside the Chinese mainland. Leung said the national 12th Five-Year Plan specifically states the central government is supporting Hong Kong’s development as an offshore RMB business center and an international asset management center. Besides, Hong Hong has played a leading role as the asset management center in the Asia-Pacific region. Leung said Hong Kong will strive to keep the competitive edge and develop into a more comprehensive fund and asset management center. “While consolidating our traditional strengths, such as providing a platform for initial public offerings, we will also look out for new growth areas, one of which is the development of the commodity futures market”, according to Leung. Leung said Hong Kong is also set to play a crucial role in the internationalization of the mainland’s commodity futures market, given the mainland’s huge demand for commodities and the gradual internationalization of its commodity futures trade. “In order to achieve these targets, I will establish the FSDC as proposed in my manifesto immediately,” Leung said. The Financial Services Development Council will provide a high-level and effective platform for stakeholders to explore ways to complement the internationalization of the financial market of China, and help facilitate the further development of Hong Kong’s financial services industry. The policy address is an annual address by the chief executive of the Hong Kong Special Administrative Region. Leung was elected the third chief executive of the HK- SAR in March 2012 and came into office in July the same year. A full term is five years. Under “One Country, Two Systems”, Comment Hong Kong is an ideal testing ground for steady market reforms of the country’s interest rate and exchange rate regimes and its gradual realization of the RMB capital account convertibility. 38
TRANSPORTATION More Choices for Online Consumers in China By Audrey Guo On January 5, 2013, Singapore Airlines and Ctrip. com agreed to leverage their respective strengths to offer Chinese online consumers more choices and greater value in international travel. The two companies will seek opportunities to develop new overseas destinations, create focused marketing campaigns and tailor exciting new products to meet the rapidly evolving demand of Chinese online consumers. These actions will help introduce China’s rapidly expanding pool of online shoppers to the Singapore Airlines Group network of 97 international destinations, as well as its world class travel products and services. Chinese online consumers will further benefit from the gradual introduction of exciting new destinations that will stem from these developments, including those offered by Singapore Airlines’ regional wing, SilkAir. Chia Chow Hwee General Manager in China of Singaport Airlines said:“Singapore Airlines has been committed to the Chinese market for 27 years and we are constantly looking for new ways to serve our customers better. With Ctrip, China’s largest online travel platform, we will be able to offer Chinese online consumers even more choices and value for international air travel. We will also be able to provide the online public with more options for premium travel from China to new and exciting destinations in our network, offering a top-rate, service oriented travel experience.” Vice President and General Manager of Ticketing of Ctrip.com Li Xiaoping said, “Ctrip is committed to providing innovative travel products and services to over 60 million registered members, with the Perfecting Service initiatives. We are happy and excited to offer our customers greater international travel options with one of the most respected and innovative airlines in the world.” Mr. Li added, “Along with wellreputed and high-quality signature products, Singapore Airlines’ renowned service standards fit well with Ctrip’s strong commitment to Perfecting Service. Due to the rapid growth and maturity of the travel market, we expect Chinese consumers to place greater emphasis on service standards, quality product choices and value. We will now be in a better position to meet these rising aspirations and demands.” Singapore Airlines and Ctrip.com will introduce a wide variety of quality online travel products, offering Chinese online consumers more choices and a greater value in international travel. Singapore Airlines operates a modern passenger fleet of more than 100 aircraft and its network, including Singapore Airlines Cargo and SilkAir destinations, covering a total of 105 destinations in 39 countries. In September 2012, Singapore Airlines announced a series of investment plans to upgrade its cabin products and services with the intention of enhancing the travel experience for its customers. In addition, over the next five years, Singapore Airlines will invest more than SGD20 million to refine its SilverKris Lounges. As China’s leading travel service enterprise, Ctrip provides over 60 million registered members with comprehensive services including hotel reservations, flight ticketing, packaged tours and corporate travel management. In addition, both business and leisure travelers who hold Ctrip memberships enjoy access to travel information and special discounts from preferred businesses throughout China. 39
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 and 22: Table 1 The Number of Europeans Com
Page 23 and 24: Higher, Broader, Deeper ECONOMY By
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: CONSUMER Home prices rise in more C
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
Page 73 and 74: InfoRMATION China Fairs & Expos Tra
Page 75 and 76: InfoRMATION Electrical Apparatus, H
Page 77 and 78: INFORMATION 2013 China Market Suppl
Page 79 and 80: Feature Lifestyle By Guo Yan Cabbee
Page 81 and 82: Feature Lifestyle Scandinavian styl
Page 83 and 84: THIS IS HINA Shang Dynasty Ruins Or
Page 85 and 86: 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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