Tag Archives: China

Wage growth to slow in 2014

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Recent developments in China have shown that the overall macro-economic fundamentals remain stable. The central government is aiming for a sustainable growth model. Stimulus programs will be limited to key sectors, while more reforms will be implemented.

Economic growth should remain stable, but on lower levels at around 7-8% for 2013 and 2014. Double digits GDP growths rate will be a thing of the past.

The labour market remained tough in 2013 and we witnessed problems to find and retain semi-skilled workers. However these problems were significantly less pressing then in 2012. Wage growth may slow down a little in 2014, but employers still have to watch and monitor developments closely.

Plan to establish the Shanghai FTZ approved by the State Council in June.

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By HE WEI and WEI TIAN (China Daily)

Source: http://europe.chinadaily.com.cn/business/2013-09/13/content_16966663.htm

Shanghai wishes to become one of the leading locations to conduct global trade and confirm its status as a world-leading financial hub.

The establishment of the Shanghai Free Trade Zone (FTZ) may support this development and create new opportunities for manufacturers in the region.

“Goods in the zone may be landed, handled, manufactured or reconfigured and re-exported without the intervention of customs authorities,” Sun Lijian, a professor of economics at Fudan University.

Sun said such a tariff-free environment would foster offshore trade and offer tantalising new opportunities to Chinese exporters keen to expand their production capabilities to other low-cost markets in the region. He added that such eased rules would also help them concentrate on the higher-value-added front and back ends of the manufacturing process.

“In order to support the ordinary Chinese social model, the mainland needs more sophisticated financial services. When people feel that their future is more secure, they will consume more,” Dan Steinbock, research director of international business at the India, China and America Institute in the US.

Chinese exports expand in August – signs of recovery

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By Li Jiabao (China Daily)

Source: http://europe.chinadaily.com.cn/business/2013-09/09/content_16953246.htm

The accelerated pace of China’s exports in August has added to the signs of a gradual recovery, experts said on Sunday.

Exports jumped in August by 7.2 percent from a year earlier to $190.73 billion, compared with 5.1 percent growth in July, the General Administration of Customs said on Sunday.

China: Home prices keep rising in August

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By WANG YING in Shanghai (China Daily)

Source: http://europe.chinadaily.com.cn/business/2013-09/03/content_16938984.htm

Pilot property tax may expand to cool market

New home prices in 100 major cities averaged 10,442 yuan ($1,706) per square meter in August, rising for 15 consecutive months in month-on-month terms, and indicating the recovery of the property sector, a survey has shown.

Of the 100 cities tracked by the China Index Academy, the research arm of Soufun, China’s largest property website, 71 cities posted month-on-month increases, with 31 of them seeing prices rising at a pace above 1 percent, two cities fewer than in July.