Business | Learn Chinese Online

08/05/2016

Sri Lanka is willing to be the buffer between China and India

On August 3, 2016, the ambassador of Sri Lanka to China Dr. Karunasena Kodituwakku, Sri Lankan minister of planting industry Navin Dissanayake and the delegation he led, attended the press conference. The purpose of the visit is to promote the Sri Lanka’s black tea exports to China and to attract more Chinese investors. The minister also made a statement of Sino-Indian and Sino-Japanese relations and claimed that Sri Lanka is willing to be the buffer between China and India for the peace of the region.

Sri Lanka’s planting industry minister Navin Dissanayake said in his speech that China and Sri Lanka are like brothers helping each other and Sri Lanka will always affirm the One China principle. Historically, Sri Lanka is China’s trading partner since the ancient times, as well as an important hub of the ancient Silk Road in the sea. Nowadays, China’s “One Belt One Road” strategy will rebuild Sri Lanka as the global shipping and trade center. Politically, Sri Lanka is the first non-communist country to admit People’s Republic of China. Economically, in recent years, Sri Lanka’s tea export to China has been growing steadily. The amount of exports reached 7.2 million kilograms, which proves China’s position as the main sales market of Sri Lanka’s black tea.

The minister also mentioned about Sino-Indian and Sino-Japanese relations at the conference. He said, India is Sri Lanka’s largest neighbor. In spite of certain disputes between China and India, Sri Lanka is maintaining good relations with both countries. Sri Lanka will not take side on political issues, but expect to act as the buffer and medium to ease the tension between China and India. In terms of Sino-Japanese relation, the minister hopes that two sides can settle the argument peacefully and commit to the regional development together.

11/20/2014

Indian ambassador to China: Huge manufacturing potential cooperation between Chongqing and India

On November 14^th, Mr. Ashok K. Kantha, Indian ambassador to China, visited Chongqing with an Indian business delegation, introducing India’s investment environment and policies to Chongqing enterprises. Mr. Kantha proposed that Chongqing would strengthen the manufacturing and infrastructure cooperation with India, to exploit the industrial advantage between two places and to promote the bilateral trade development.

China and India are both the world’s ancient civilizations and have a long history of connection, of which when Chongqing acted as the auxiliary capital of China during World War II, the famous “Hump Course” put up an important air passage and friendship bridge between Chongqing and India. At that time, India set up the Indian Embassy in Chongqing and the site of which is still standing in Chongqing Nanshan Botanical Garden.

Huge manufacturing potential cooperation between Chongqing and India “Chongqing is the most dynamic economic center in western China.” said Mr. Kantha. This was the first time he came to Chongqing, and he hopes to come frequently in the future with continuous cooperation opportunities. As a vital point between the Silk Road Economic Zone and Yangtze River Economic Zone, Chongqing is playing an important role in the development of western China. Chongqing and India should produce their respective industrial advantages and build the further cooperation in manufacturing, infrastructure, IT, chemical, automotive, textiles and other fields.

Mr. Chen Heping, vice mayor of Chongqing, said that the total import and export trade value between Chongqing and India in 2013 amounted to $ 1.95 billion. In the first three quarters of 2014, the total trade value has reached $ 1.28 billion. Till September 2014, Chongqing has set up four companies in India, covering environmental protection, manufacturing, silk sales and medical fields.

It is understood that Chongqing Yunhe Hydropower Inc., China Chongqing International Construction Corporation, Chongqing Yuneng Taishan Electric Wire & Cable Co. Ltd are proceeding one batch of new projects so far in India, including e-commerce, garment outsourcing, software training, energy and infrastructure construction.

Mr. Kantha said that the current political and economic situation between China and India is encouraging and the relations between two countries affected nearly one-third of the global population. In October 204, Chinese President Xi Jinping visited India, further improved the strategic partnership between China and India, and reached a series of consensus with Indian Prime Minister Modi on promoting the investment of Sino-Indian Industrial Park, infrastructure construction, financial cooperation and trade exchange.

“The core of the strategic partnership between two countries is the economic and commercial exchanges.” said Mr. Kantha. Currently India is paying more and more attention on the economy, hoping that China’s western development strategy and India’s Look East policy can enhance each other and create a good environment for the bilateral investment.

Article source: The China Voice

07/31/201407/31/2014

The value of Chinese domain names for international brands

As we all know, 2014 is considered the first year of new global top-level domain opening. With ICANN’s permission, many new top-level domain names joined the Internet, of which Chinese domain names such as “.zaixian”(online) and “.zhongwenwang”(China’s net) are pretty unique. Let’s see the value of Chinese domain names.

Foreign products perform better?

At first glance, these two new domain names – “.zaixian” and “.zhongwenwang” – are mostly thought to come from China, but it is wrong. In fact, they are operated by a Finnish commercial company. In order to be better integrated with Chinese culture and language habits, the company even got themselves a Chinese name “Yutong Lianda”. The reason why they applied for these two Chinese domain names is that they lay emphasis on the 600 million Internet users in China and hundreds of millions of Chinese users all around the world. Such a large user base makes the Chinese domain name become an integral part!

“.zaixian” and “.zhongwenwang” have taken all the edges. Simon Cousins (Xia Ming), CMO of Yutong Lianda registration bureau, has joked, “Since the opening of the domain names, the registration amount of “.zaixian” and “.zhongwenwang” has been always on top, even “the small company” like Google is behind us!” Although it is just a joke, the achievement cannot be made without the capacity and opening timing of the market!

Which companies are suitable for “Chinese name tag”?

So far, the dominant position of domain names such as .com, .net, .cn and etc. can still not changed, but in some niche markets and user groups, Chinese domain names have built the value. The main target of “.zaixian” and “.zhongwenwang” is to help foreign brands and companies better explore the Chinese market or consolidate their positions. Through these two domain names, the emphasis on Chinese consumers, customers, partners, governmental bodies and the sincerity of focusing on the products and services are both shown from those foreign companies. It is not hard to understand why we often see the “localized” website of foreign brands, such as “AOL”, “F1 Online”, “MSN China”, “NBA China”, and “Forbes China” etc.

What is the value of Chinese domain names?

The value of Chinese domain names is mainly reflected in the “localized” information services of the companies, which is divided into three aspects: Cultural habit, Brand marketing and Brand protection. Through a Chinese domain name, the company can make such a large Chinese audience easier to understand and accept their brand; it can convey the brand more precisely so that not only the users have an easier access to the website, but also the search engine is more efficient and more accurate. As for a company brand, the synchronized registration of its Chinese domain name can effectively protect the intellectual property of its Chinese name, prevent the brand from being diluted and even being “pirated”.

At present, Chinese domain names are booming. More and more International big brands are entering into the public and this is just a beginning!

07/10/201407/21/2014

Time for Chinese to invest in India!

Textiles and clothing accounted for 4% of India’s GDP, providing the largest employment in addition to the agricultural sector. Currently, India’s textiles accounted for 6.56% of global trade while clothing 3.43%, and export of cotton products occupies dominant position. India is the second largest cotton producer and yarn exporter, of which the export of yarn accounted for 28% of global yarn export in 2013.

China is the second largest export destination of India’s textiles and clothing, but the export to China is mostly raw material, such as raw cotton and cotton yarn. China is the largest source of India’s textiles and clothing, which are mainly high value-added ones. In 2013, China’s import of textiles and clothing from India accounted for 11% – of which cotton yarn 30% – while India’s import from China 45%.

Textile industry has been always shifted from high-cost area to low-cost one. With the increasing producing cost in China, more and more low-end products will be produced out of China. As European textiles developed from low-end to high-end and was gradually shifted to China, now it is the time for low-end textiles to leave China. India welcomes investment and purchase from Chinese yarn customers. The cost of Chinese textile manufacturers can be greatly reduced when Indian textile factories and Chinese textile supply chain are bound.

Indian government has taken many measures to encourage the development of textile and clothing industry, such as allowing 100% foreign direct investment; investing on infrastructure construction of textile industrial parks, 40 of which have been approved till now; formulating export promotion schemes, including the encouragement of production means export, tax allowance and export rebate, aiming to eliminate the tax influence on different stage of production. Chinese textile enterprises can enhance their competitiveness by making use of the friendly investment environment and low processing cost in India and building alliance with Indian textile companies. It’s time for Chinese textile enterprises to seize the investment opportunities in India!