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China's Ministry of Commerce to participate in Kunming FairWednesday, 28th May 2008 ~ Chris ~ Link ~ Comments (0)
The 16th annual Kunming International Import and Export Commodities Fair - aka the Kunming Fair (昆交会) - will take place again this year at the Kunming International Convention and Exhibition Center (昆明国际会展中心) from June 6 to June 10. The Kunming Fair is a regional trade fair jointly sponsored by the governments of Sichuan, Yunnan, Guizhou, Guangxi, Tibet, Chongqing and Chengdu. Last year's Kunming Fair saw 162 companies exhibit their products and more than US$158.5 million in completed deals over five days. The total reported value of contracts and agreements signed at the event exceeded 68.1 billion yuan (US$8.9 billion). According to Kunming media reports, this year China's Ministry of Commerce will participate in hosting the fair for the first time with the stated goal of increasing the scale and quality of the fair. Yunnan Commerce Bureau Director Sun Xiaohong (孙小虹) said this year the fair will feature 2,318 exhibits, adding that 2,148 exhibitors were already confirmed for the event. Sun said that exhibits by Burmese and Sichuanese enterprises will be slightly fewer in number than last year due to the recent Myanmar cyclone and Wenchuan earthquake, respectively. Under orders from Chinese Premier Wen Jiabao, the Kunming Fair will include a "Greater Mekong Subregion Economic Corridor Forum" (GMS经济走廊论坛) for the first time. The Greater Mekong Subregion (GMS) includes Yunnan Province, Myanmar, Laos, Thailand, Vietnam and Cambodia. For the third consecutive year the fair will also feature a 'China-South Asia Commerce Forum',(中国-南亚商务论坛) as well as the clumsily named 'ASEAN Chinese Business Investment Southwest Promotion Meeting and Asia-Pacific Chinese Business Forum' (东盟华商投资西南项目推介会 暨亚太华商论坛). A preview of some of the products on offer can be found on the fair's official website. The website also features other information of less obvious value, including 'Britney Spears loses custody of children', 'Goal-driven achievers less prone to Alzheimers' and 'Abdul says she's straight up ready for a baby'. The Kunming Fair runs from Friday, June 6 through Tuesday, June 10 from 8 am to 6 pm. GoKunming called the fair's office, which told us the admission fee had yet to be announced (last year tickets to the fair cost 30 yuan/day). For more information, call the fair at (0871) 6269886 or 3155519. Image: finance.sina.com Related articles: Yunnan-ASEAN trade continues to boom Kunming hosting Asia-Pacific trade meeting Kunming Fair breaks US$150 million mark GMS agreement to facilitate regional transport Tags: ASEAN, Britney Spears, business, Chengdu, Chongqing, foreign trade, GMS, Guangxi, Guizhou, Kunming Fair, Kunming International Convention and Exhibition Ce, Ministry of Commerce, Myanmar Cyclone, Paula Abdul, Sichuan, South Asia, Southeast Asia, Sun Xiaohong, Tibet, Wenchuan earthquake Investment agreements signed for Kunming Shenzhen Industrial ParkTuesday, 15th April 2008 ~ Chris ~ Link ~ Comments (0)
Last Friday, Yunnan and Kunming government representatives signed a group of deals with Shenzhen-based companies who will be involved in the development of the upcoming "Kunming Shenzhen Industrial Park" within the Kunming Economic and Technological Development Zone (ETDZ), according to Kunming media reports. The investment agreements signed at a special ceremony totaled more than 30 billion yuan (US$4.28 billion) and include projects related to the industrial park's construction and infrastructure as well as IT- and logistics-related projects. Of the agreements signed at the ceremony, some of the larger projects include a 240 million yuan comprehensive IT product research and development center with production and packaging facilities, a 9 billion yuan software base, a 600 million yuan export processing facility focused on the automotive sector and a 300 million yuan gem processing and trade center. More than half of the 22 projects for which agreements were signed on Friday involve investment of 100 million yuan or more. Most of the goods produced in the industrial park will be exported to European, North American and South Asian markets. Image: clzg.cn Tags: foreign trade, investment, Kunming Business, Kunming ETDZ, Shenzhen China releases 2007 economic data: GDP up 11.4%Thursday, 24th January 2008 ~ Chris ~ Link ~ Comments (0)Currently the world's fourth-largest economy after the United States, Japan and Germany, China recorded a GDP of more than 24.6 trillion yuan (US$3.4 trillion) last year, according to initial NBS calculations. In other statistics of note, fixed asset investment – fuelled by a nationwide real estate boom – was up 24.8 percent, totaling 13.7 trillion yuan. Consumption continued to climb, with national retail sales for the year reaching 8.9 trillion yuan, up 16.8 percent over 2006. China's total trade with the rest of the world increased 23.5 percent last year, swelling to more than US$2.17 trillion. Exports from China totaled US$1.21 trillion, a jump of 25.7 percent year-on-year, while the value of imports for the year exceeded US$955 billion, up 20.8 percent. Last year the rise of the Chinese consumer continued, with per capita disposable income up 17.2 percent, reaching 13,786 yuan (US$1,907). As disposable income grew, however, so did the price of goods in the marketplace. According to NBS statistics, China's consumer price index (CPI) – a measure of the price of a basket of everyday consumer goods – increased by 4.8 percent. Yunnan province saw the price of goods go up faster than the rest of the country, with the provincial CPI increasing 5.9 percent over 2006. NBS chief Xie Fuzhan (谢伏瞻) characterized China's continued rapid economic growth as "stable", but also warned of the potential for overheating. Xie also expressed concern over prices being increasingly pushed upward and "structural contradictions" in the country's economy. Related articles: Yunnan food prices increasing Kunming economy racks up strong first-half growth Dali and Kunming two of China's hottest residential property markets Interview: Navigating Kunming's property market Tags: business, Chinese economy, CPI, disposable income, foreign trade Trade in 2007 between Yunnan province and the 10 member states of the Association of Southeast Asian Nations (ASEAN) reached US$3.03 billion, up nearly 40 percent over 2006, with Vietnam replacing Myanmar as the province's top trading partner, according to a Xinhua report. Recent rapid growth of trade with ASEAN has made the region Yunnan's largest trading partner. According to Kunming customs statistics cited in the report. Yunnan's exports to the region were up 32.9 percent, reaching US$2.17 billion. Yunnan – bordered by Myanmar, Laos and Vietnam – is being groomed by the Chinese government to serve as China's gateway to ASEAN as the two emerging economic regions prepare for the China-ASEAN Free Trade Area (CAFTA), the first phase of which will launch in 2010. CAFTA will reduce and eliminate tariffs on goods moving between the two regions, with analysts expecting raw materials and natural resources to flow into China and finished products to flow out. Major road, rail and air transport infrastructure projects in Yunnan and its Southeast Asia are currently underway to further facilitate trade with ASEAN. Some of the more notable projects include a highway linking Kunming with Singapore, a rail network linking Kunming and Singapore via three trunk lines passing through Myanmar, Laos, Thailand, Vietnam, Cambodia and Malaysia, a new international airport in Kunming and a road/rail transport corridor linking Kunming with Haiphong, Vietnam – the closest seaport to Kunming. Last month the Asian Development Bank announced its largest-ever financing project, a US$1.1 billion highway project that will connect Vietnamese capital Hanoi with Yunnan. Related articles: ADB's largest-ever financing project to bring Yunnan, Vietnam closer China and ASEAN pushing toward integration Kunming to become regional rail hub China-ASEAN TV summit aims to counterbalance Western media China: More than just Shanghai and Beijing Tags: ASEAN, Asian Development Bank, business, CAFTA, foreign trade, Haiphong, Hanoi, Laos, logistics, Myanmar, Singapore, Vietnam More Yunnan mushrooms being exported this seasonMonday, 6th August 2007 ~ Chris ~ Link ~ Comments (0)
Already a domestic mushroom powerhouse, Yunnan is sending more of its mushroom output overseas - particularly to Western Europe. In the first seven months of this year the province exported 1,791 tons of mushrooms, an increase of 15.2 percent over the same period last year. The total value of Yunnan's mushroom exports from January through July exceeded US$10.8 million, up 3.8 percent year-on-year, according to a Xinhua report citing Yunnan customs officials. The officials said that sales of niugan jun (牛肝菌) to Italy, France and Germany were particularly strong. It is currently mushroom season in Yunnan, and in addition to niugan jun, Kunming markets and restaurants are stocked with other popular mushrooms from around the province including the hearty songrong (松茸) aka matsutake or pine mushroom [pictured above], the fragrant jizong (鸡枞) and the meaty ganba jun (干巴菌). When ordering mushrooms at a restaurant, make sure to confirm the price beforehand as these seasonal mushrooms can cost up to several times as much as other dishes. If you choose to buy mushrooms to cook yourself, it is recommended to have an experienced friend oversee the cleaning and cooking as some mushrooms contain small to significant levels of toxic substances. Image: Teahorse.net Tags: agriculture, food and drink, foreign trade, ganbajun, jizong, matsutake, mushrooms, niuganjun, pine mushroom Kunming economy racks up strong first-half growthMonday, 23rd July 2007 ~ Chris ~ Link ~ Comments (0)Kunming's foreign trade jumped a substantial 41.9 percent over the first half of 2006, with total import-export value surging to US$3.1 billion, accounting for 76 percent of Yunnan province's total foreign trade during the six-month period. Retail sales in Kunming also grew quickly, surging 17.1 percent over the first half of last year to reach a total of 24.4 billion yuan. Related Articles: Report: Kunming one of China's 'Rising Urban Stars' Kunming Fair breaks US$150 million mark Kunming attracting global luxury brands Tags: business, foreign trade, GDP, Kunming economy
The Kunming International Import and Export Commodities Fair ended on Sunday with its biggest turnout ever. During the fair's five days more than 162 companies showcased their products for Chinese and international buyers with more than US$158.5 million in completed deals, according to Kunming media reports. Additionally, the total reported value of contracts and agreements signed at the event exceeded 68.1 billion yuan (US$8.9 billion). The total value of exported products from this year's fair was roughly twice that of imports. Total value of exported goods at the fair was estimated US$106.5 million, a 10.3 percent increase over last year's fair. Imported good sales jumped 103.7 percent over the 2006 fair, totaling US$52 million. Tags: business, foreign trade, Kunming Import and Export Commodities Fair
The opening ceremonies of the 15th annual Kunming Import and Export Commodities Fair began yesterday morning at nine o'clock with a thundering performance by one hundred drummers. Paper dragons, men on stilts and a marching band in military dress added to the carnival atmosphere. However, it didn't take long before people got down to business. The Fair, which will last until Sunday, is divided into six pavilions, each focusing on different categories of commodities. The electronics and machinery pavilion, for instance, brings together laser wood drills, hot plates and ice cream machines. The Fair offers many examples of how diversified a growing number of Chinese businesses are becoming as the average consumer's disposable income continues to grow. There are telescopes, collapsible fishing rods, toy helicopters, a portable garage, tangerine tea, and model ships. In the International Pavillion, behind the Senegalese woodcarvings and Russian vodka, Katrina Tehan is promoting investment in her hometown of Echuca, located in Victoria, Australia. "We've opened so many doors for business. We're meeting so many people we could hardly imagine meeting before," Tehan said. "We'll have to have more people next year and continue to profile our products."
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