Top 10 most valuable Chinese brands
With an estimated worth of $44,700 million, Tencent has been crowned the year's Most Valuable Chinese brand in a list released by the Hurun Institute,the second consecutive time it has snared top spot.
Taobao, a subsidiary of Alibaba, is second with a brand value of $42,900 million, overtaking China Mobile, Baidu and ICBC.
The total worth of 200 listed brands has risen by 36 percent year-on-year to reach $696 billion, with the top 10 accounting for 46 percent of the total.
Here are the most valuable brands in China.
No 1 Tencent
Brand value: $44,700 million
Industry: IT
No 2 Taobao
Brand value: $42,900 million
Industry: E-commerce
No 3 China Mobile
Brand value: $42,700 million
Industry: Mobile communications
No 4 Baidu
Brand value: $40,300 million
Industry: Search engine
No 5 Industrial and Commercial Bank of China
Brand value: $36,600 million
Industry: Banking
No 6 China Construction Bank
Brand value: $29,800 million
Industry: Banking
No 7 Bank of China
Brand value: $25,200 million
Industry: Banking
No 8 Agricultural Bank of China
Brand value: $19,400 million
Industry: Banking
No 9 China Life
Brand value: $19,000 million
Industry: Insurance
No 10 Chunghwa
Brand value: $16,500 million
Industry: Tobacco
Source: CHINA DAILY
Tuesday, 29 September 2015
Top 10 most-used currencies in the world
China's yuan has surpassed the Swiss franc to become the seventh most-used currency in the world in January, according to global transaction services organization SWIFT. This is the third consecutive month when the currency has been ranked among the 10 most-used currencies.
It has a global market share of 1.39 percent, followed closely by the Swiss franc at 1.38 percent. Let's have a look at the 10 most-used currencies in the world market.
No 1 US dollar
No 2 European euro
No 3 UK pound sterling
No 4 Japanese yen
No 5 Canadian dollar
No 6 Australian dollar
No 7 Chinese yuan
No 8 Swiss franc
No 9 Singapore dollar
No 10 Hong Kong dollar
Source: China Daily
It has a global market share of 1.39 percent, followed closely by the Swiss franc at 1.38 percent. Let's have a look at the 10 most-used currencies in the world market.
No 1 US dollar
No 2 European euro
No 3 UK pound sterling
No 4 Japanese yen
No 5 Canadian dollar
No 6 Australian dollar
No 7 Chinese yuan
No 8 Swiss franc
No 9 Singapore dollar
No 10 Hong Kong dollar
Source: China Daily
Monday, 21 September 2015
Top 5 best-selling wearable devices brands
Thanks to the Apple Watch, Apple has become the second best-selling wearable devices brand in the world, leaving the tech giant just behind Fitbit, the latest data showed. Fitbit sold 4.4 million wearable devices in the second quarter this year, remaining top of the list, according to industry research firm IDC, followed by Apple with 3.6 million.
Xiaomi ranked the third by owning 17.1 percent of the market share, said the report.After three years of fast growth, the wearable devices industry has entered maturity, where challenging dominant players will become increasingly difficult, said analysts.Here's a list of the world's top 5 best-selling wearable devices vendors, compiled by the IDC.
1. Fitbit
Shipment volume in the second quarter 2015: 4.4 million
Market share: 24.3%
2. Apple
Shipment volume in the second quarter 2015: 3.6 million
Market share: 19.9%
3. Xiaomi
Shipment volume in the second quarter 2015: 3.1 million
Market share: 17.1%
4. Garmin
Shipment volume in the second quarter 2015: 0.7 million
Market share: 3.9%
5. Samsung
Shipment volume in the second quarter 2015: 0.6 million
Market share: 3.3%
Top 10 products China manufactures most on the globe
China is good at making many things, from shoes to mobile phones, clothes to computers, and toys to ships. Now the country has a 10-year national plan, Made in China 2025, which makes the world's second-largest economy ever more poised to move up the value chain and turn itself from a manufacturing giant into a world industrialized power.Here we detail some products, of which China makes the most.
No 1: Personal computers
China produced 286.2 million personal computers in 2014, accounting for 90.6 percent of the world's total. The per capita production was 40 times the average of other parts of the world.
No 2: Air conditioners
China makes 80 percent of the world's air conditioners - that's 109 billion annually. Per capita production is 17 times the average of other parts of the world.
No 3: Energy-saving lamps
The country's 4.3 billion energy-saving lamps account for 80 percent of the global total,with each person producing 3.2 lamps annually - 16 times the average of other parts of the world.
No 4: Solar cells
Overall capacity of solar cells hits 21.8 million kW annually, 80 percent of the world total.
No 5: Mobile phones
China makes about 70.6 percent of global mobile phones, 1.77 billion annually. Per capita phone production is 10 times the average of other parts of the world.
No 6: Shoes
The number of shoes made in China annually reaches 12.6 billion, taking up 63 percent of the world's total. Its per capita production stands at 10 pairs, about eight times the average of other parts of the world.
No 7: Cement
China annually produces 1.8 billion tons of cement, which accounts for 60 percent of the world's supply. Per capita production is more than six times the average of other parts of the world.
No 8: Pork
Pork bred by China contributes 49.8 percent of the total worldwide, hitting 1.5 million tons annually. That means for each person in China 40 kilograms are produced annually, six times the average of other parts of the world.
No 9: Coal
The country produces about 1.8 billion tons of coal (oil equivalent) annually, taking up 48.2 percent of the world's total. Its per capita production is also triple the average of other parts of the world.
No 10: Ships
China builds about 766 million tons of vessels annually, accounting for 45.1 percent of the world's total and triple the average per 1,000 people in other parts of the world each year.
No 1: Personal computers
China produced 286.2 million personal computers in 2014, accounting for 90.6 percent of the world's total. The per capita production was 40 times the average of other parts of the world.
No 2: Air conditioners
China makes 80 percent of the world's air conditioners - that's 109 billion annually. Per capita production is 17 times the average of other parts of the world.
No 3: Energy-saving lamps
The country's 4.3 billion energy-saving lamps account for 80 percent of the global total,with each person producing 3.2 lamps annually - 16 times the average of other parts of the world.
No 4: Solar cells
Overall capacity of solar cells hits 21.8 million kW annually, 80 percent of the world total.
No 5: Mobile phones
China makes about 70.6 percent of global mobile phones, 1.77 billion annually. Per capita phone production is 10 times the average of other parts of the world.
No 6: Shoes
The number of shoes made in China annually reaches 12.6 billion, taking up 63 percent of the world's total. Its per capita production stands at 10 pairs, about eight times the average of other parts of the world.
No 7: Cement
China annually produces 1.8 billion tons of cement, which accounts for 60 percent of the world's supply. Per capita production is more than six times the average of other parts of the world.
No 8: Pork
Pork bred by China contributes 49.8 percent of the total worldwide, hitting 1.5 million tons annually. That means for each person in China 40 kilograms are produced annually, six times the average of other parts of the world.
No 9: Coal
The country produces about 1.8 billion tons of coal (oil equivalent) annually, taking up 48.2 percent of the world's total. Its per capita production is also triple the average of other parts of the world.
No 10: Ships
China builds about 766 million tons of vessels annually, accounting for 45.1 percent of the world's total and triple the average per 1,000 people in other parts of the world each year.
Wednesday, 29 July 2015
Two more fake Chinese importers discovered
Here are the two more Chinese fake importer (scammer) reported by K&S Pallets, Australia on July 29,2015:
XI AN QO IMP & EXP TRADING CO.,LTD
Add: No.268 Youyi East Road, Xi An City, Shanxi, China
Tel:0086-29-62908122
Fax:0086-29-62905122
Website: www.chinaqinou.com
HAZF INTERNATIONAL (HK) CO.,LTD
Tel: 0086-755-32840029
Website: www.hazfil.com
How they TRAP you STEP by STEP ?
First: Use automatic group mailing software to send you attractive offers and inquiries, with created official websites and email boxes. Formal documents, formal address, websites and bank accounts etc, everything seems to be normal.
Second: Invite you to sign a formal Purchase Contract in person in China.
Third: Insist on notarizing the contract and they will use a non-exist notary office to notarize the document, then all the notary fee will be in their pocket.
Fourth: Asking you for‘kickbacks’or‘bribes’in lot of‘pretexts’in China.
Fifth: After they get all those money, they will disappear and replica the scam again.
What are the Countermeasures against these Professional Business Fraudsters?
First: Ask the importer for their Business License and Import License before your departure to China, then check out their registered information with local officials first.
Second: Book a professional Company Inspection or Investigation service from a third-party service company, checking them out before further discussion.
Third: Appoint a local representative and visit them first before your departure to China, they are NOT able to cheat local experts.
Fourth: Never pay anything before receiving the deposit from the importer.
No matter you're buying or selling, Due Diligence work is always important in China. Think it over before you pay out even one penny!
Sunday, 5 July 2015
The Latest list of Chemicals or Non-ferrous Metals Fraud Companies in China
The Latest list of Chemicals or Non-ferrous Metals Fraud Companies in China
This list of fraud companies was confirmed and submitted by a German business partner from STIN group.
1.Beijing Xinhenglong International Import and Export Co.,Ltd
www.xinhenglong-metal.net
2.ShanXi HengWei Industrial Co., Ltd
http://sxhwplastic.com
3. (deleted upon request)
4.SHENZHEN INTEGRITY SCIENCE&TECHNOLOGY CO.,LIMITED
http://www.szsxcmetal.com/About.asp
5.Hebei Hongyun
www.hbhongyun.com
6.Hebei Bajun Metal Products Co.,Ltd
http://www.hebeibj.com
7.Deleted upon request
8. Dubang China Group Co.,Ltd
http://www.dubangzhongguo.com/
9.TIANJIN QIYUAN TECHNOLOGY CO.,LTD
http://www.tjqychem.com/
10.Shijiazhuang Feiyang Trade Co.,Ltd
http://www.feiyangtrading.com/
11.Tianjin Lanrui Mineral Marketing Co., Ltd
http://www.tjlanrui.com/
12.China Anlong Group Co., Ltd
www.anlongchina.com
13.Hebei Shengfa Trading Co., Ltd
www.hbsfsm.com
14.Hebei Expand Import and Export Co., Ltd
www.hbexpand.com
If you have more scammer information, please contact STIN verification team for assistance in China.
This list of fraud companies was confirmed and submitted by a German business partner from STIN group.
1.Beijing Xinhenglong International Import and Export Co.,Ltd
www.xinhenglong-metal.net
2.ShanXi HengWei Industrial Co., Ltd
http://sxhwplastic.com
3. (deleted upon request)
4.SHENZHEN INTEGRITY SCIENCE&TECHNOLOGY CO.,LIMITED
http://www.szsxcmetal.com/About.asp
5.Hebei Hongyun
www.hbhongyun.com
6.Hebei Bajun Metal Products Co.,Ltd
http://www.hebeibj.com
7.Deleted upon request
8. Dubang China Group Co.,Ltd
http://www.dubangzhongguo.com/
9.TIANJIN QIYUAN TECHNOLOGY CO.,LTD
http://www.tjqychem.com/
10.Shijiazhuang Feiyang Trade Co.,Ltd
http://www.feiyangtrading.com/
11.Tianjin Lanrui Mineral Marketing Co., Ltd
http://www.tjlanrui.com/
12.China Anlong Group Co., Ltd
www.anlongchina.com
13.Hebei Shengfa Trading Co., Ltd
www.hbsfsm.com
14.Hebei Expand Import and Export Co., Ltd
www.hbexpand.com
If you have more scammer information, please contact STIN verification team for assistance in China.
Wednesday, 10 June 2015
China's import tax cut to reduce revenue, aid consumption
China's latest cuts to import duties will reduce fiscal revenue while boosting domestic consumption, said vice finance minister Shi Yaobin on Friday at a press conference.
The Ministry of Finance (MOF) announced on Monday that China will cut import taxes on clothing, cosmetics and some other goods from June 1.
The MOF said that it will slash duty by half, on average, on suits, fur garments and shoes. A tariff on cosmetics will fall to 2 percent from 5 percent, while a duty on diapers will decline to 2 percent from 7.5 percent.
There is no doubt that the cuts will reduce fiscal revenue, said Shi, while declining to give an exact amount, but he did not expect revenue to decrease too much given that more imported goods mean more import tax revenue.
With strong purchasing power, Chinese mainland travelers often buy goods as diverse as diapers and handbags abroad to avoid import and consumer taxes back home. Mainland tourists abroad spent $165 billion in 2014, up from $129 billion in 2013.
The Ministry of Finance (MOF) announced on Monday that China will cut import taxes on clothing, cosmetics and some other goods from June 1.
The MOF said that it will slash duty by half, on average, on suits, fur garments and shoes. A tariff on cosmetics will fall to 2 percent from 5 percent, while a duty on diapers will decline to 2 percent from 7.5 percent.
There is no doubt that the cuts will reduce fiscal revenue, said Shi, while declining to give an exact amount, but he did not expect revenue to decrease too much given that more imported goods mean more import tax revenue.
With strong purchasing power, Chinese mainland travelers often buy goods as diverse as diapers and handbags abroad to avoid import and consumer taxes back home. Mainland tourists abroad spent $165 billion in 2014, up from $129 billion in 2013.
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