In recent years, social media has become one of the most essential and engaging yet challenging marketing tools. Many marketers face difficulties choosing the right platform, creating relevant and sharable content, building their reach, and developing a successful and efficient social media strategy. While SMEs may lack the resources and budget to execute social media …
Financial Services Talking Points 19-04-2016
People’s Bank of China eases credit card rules The People’s Bank of China has announced that it will allow banks to offer up to a 30 percent discount on the credit-card lending rate, which at current stands at 0.05 percent per day. Effective from 2017, the daily limit credit card holders will be able to …
Tracy Colgan, AustCham Beijing Chair on Australia Week In China and the future of Australia-China Economic Relations
Last Friday, AustCham Beijing Chair Tracy Colgan was interviewed on CCTV News, Global Business to speak about Australia Week In China (AWIC) and how it continues to highlight the growing partnership between the two countries. Tracy commented on how post ChAFTA signing has marked an increased demand for events such as AWIC among the business community. …
Energy & Resources Talking Points 15-04-2016
China General Nuclear Power Corp outlines plans for Malaysia With the confirmation of clean energy assets in several ‘Belt and Road’ countries, China General Nuclear Power Corp (CNG) has outlined its future plans for a South-East Asian CNG Headquarter located in Malaysia. The Chinese state-owned energy giant stated that they intent to push for the …
AustCham Beijing’s General Manager Nick Coyle Featured on Sohu News
AustCham Beijing’s General Manager Nick Coyle was featured yesterday on Sohu News commenting on the current Australia Week Business delegation and Chinese-Australian tourism relations. Please read below for AustCham’s translation. The signing of the China-Australia Free Trade Agreement (ChAFTA) in December 2015 has encouraged the reduction of tariffs in many economic areas. Prime …
Education Talking Points 14-04-16
AWIC highlights education as a major investment As Australia Week in China comes to an end, education has made itself a major talking point for the delegation. Chinese students account for 27 percent of Australia’s international student demographic, and with this set to increase, it’s no wonder the Australia universities are investing heavily in …
Key Considerations in setting up a Wholly Foreign-Owned Enterprise in Mainland China
Introduction A wholly foreign-owned enterprises (“WFOE”) is a company established in Mainland China according to Chinese laws and entirely with foreign capital. As the business environment and the attitude of the authorities towards the WFOE model have changed over the last two to three decades, the setting up of WFOE for trading and servicing businesses …
Landmark platform between AustCham and the Go8 Announced
12th April 2016 Beijing, China This morning Senator The Hon Richard Colbeck Minister for Tourism and International Education and Minister Assisting the Minister for Trade and Investment, AustCham Beijing Chair, Tracy Colgan and Deputy Director General Yu Min,Department of ICC Affairs, China Chamber of International Commerce (CCOIC) were present to announce the AustCham Go8 China Grad …
Food & Agribusiness Talking Points 12-04-2016
Agribusiness stocks falter due to trade regulation confusion Following confusion surrounding the new Chinese rules regulating cross-border e-commerce Australian agribusiness stocks have been pounded by investors, with stocks sinking 13.2 percent to $176.96 yesterday. Companies impacted by the changes, however, say they do not expect a significant hit to their businesses in the long-term. The …
Health & Lifesciences Talking Points 11-04-2016
Online firms expanding into pharma sales China’s e-commerce is currently expanding into pharmaceuticals as the government begins to syphon prescription drug sales away from hospitals and into retail outlets. The online pharmaceutical business has expanded rapidly in recent years, up from virtually zero five years ago, to over 7 billion yuan (US$1.1 billion) in 2014. …