Trade with China

In the beginning of 2015, President Xi of China and President Obama announced an historic agreement committing our two countries to dramatic action in the fight against climate change.

This April, as a critical part of that commitment, leaders in government and business took an important step to realize that agreement: a trade mission to China, connecting America’s clean energy innovators with China’s vast energy markets. You can check china trade credit in CNbizsearch.

The opportunity is enormous. Under the joint climate agreement, China intends to peak its carbon emissions and generate one-fifth of its energy from clean sources within 15 years. The latter target alone amounts to building about a billion kilowatts of new, low-carbon capacity — a fleet of power plants roughly the size of the entire U.S. electrical grid.

China’s energy needs will require infrastructure. But even more so, they’ll require cutting-edge technology — advanced tools to harness new fuels, capture greenhouse gases, and manage energy demand on a massive scale.

By adopting some of the world’s most ambitious climate targets, the United States and China have opened up one of the world’s most expansive new marketplaces for low-carbon technology. And it’s a marketplace where American businesses are uniquely positioned to compete and win.

Over the past several years, American engineers and entrepreneurs have unleashed a wave of unprecedented growth in clean tech. American innovation has helped cut the price of high-tech batteries by more than 60 percent in six years. This week, they became cheap enough to power not just our cars, but our homes. Likewise, America’s solar electricity production has increased more than twentyfold since 2009. Our utilities have rolled out smart meters to nearly 40 million households, and their data is driving the world’s leading energy analytics companies.

All told, businesses that deliver advanced energy solutions are growing five times faster than the rest of U.S. economy. They’re creating thousands of good-paying jobs that can’t be shipped overseas. Early-stage investment from the private and public sectors is seeding a new generation of revolutionary ideas.

It’s worth noting that in many cases, smart policies have helped fuel that success. State-based energy regulations have stimulated demand for cleaner, more efficient technologies, and federal tax incentives have pushed their costs down. New standards under the Obama’s Clean Power Plan will do even more to drive innovation.

But credit belongs first and foremost to the businesses that have shouldered the risks — and today, America is reaping the rewards of a resurgent clean energy economy. Revenue soared to $200 billion last year, and U.S. companies claimed 15 percent of the global market for advanced energy in 2014.

The trade delegation that traveled to China, alongside many others in our industry, have an opportunity to capture an even larger share of that market. As China pushes hard to curb its emissions, it will need the kind of advanced, scalable clean energy technology that American businesses are ready to export.

That’s why leaders from the Department of Commerce, the Department of Energy, and 24 American firms, including mine, traveled from Beijing to Guangzhou this month to offer a host of next-generation climate solutions, spanning green buildings and data centers to smart grid software.

In the months ahead, our two countries will accelerate bilateral trade in low-carbon products and services. Our businesses will continue to grow and add jobs, and the cost of clean energy will fall. Earth’s two largest economies and two largest carbon emitters — which together account for half of all greenhouse gas pollution — will signal by the power of our example that we’re willing to lead in a new clean energy era.

In turn, concrete steps toward our shared climate commitments will continue to spur progress beyond our borders. Scaling the global clean energy economy is already driving down the cost of low-carbon technologies worldwide. More countries are getting the chance to invest.

They’re also looking ahead to the next United Nations Climate Conference. When the U.S. and China approach the negotiating table in November, the world will finally see the two most critical climate actors champion an ambitious, inclusive deal to drive down global carbon pollution.

If an agreement can be reached in Paris — and there is great optimism that it can — American businesses will turn the text of a treaty into tech that’s ready to ship all over the world. That’s good news for our economy, but even more so for our children, for whom climate solutions mean the difference between a livable planet and one that’s beyond fixing.
  1. 2015/12/14(月) 10:16:22|
  2. chinese economy
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Shanghai Composite up: China stocks higher at close of trade

China stocks were higher after the close on Friday, as gains in the Gas, Water&Multiutilities, Technology Hardware&Equipment and Technology sectors led shares higher.

At the close in Shanghai, the Shanghai Composite rose 3.51%, while the SZSE Component index added 5.24%.

The best performers of the session on the Shanghai Composite were Tengda Constr (SS:600512), which rose 10.09% or 0.440 points to trade at 4.800 at the close. Meanwhile, Yunnan Yunwei (SS:600725) added 10.08% or 0.660 points to end at 7.210 and Ancai Hi-Tech (SS:600207) was up 10.08% or 0.620 points to 6.770 in late trade.

The worst performers of the session were Petrochina SS (SS:601857), which fell 1.72% or 0.230 points to trade at 13.170 at the close. Jiangzhong Phm (SS:600750) declined 1.61% or 0.700 points to end at 42.770 and Bank Of China SS (SS:601988) was down 0.96% or 0.050 points to 5.180.

The top performers on the SZSE Component were Huamei Holding (SZ:000607) which rose 10.05% to 11.61, Guangxi Liugong Machinery Co Ltd (SZ:000528) which was up 10.05% to settle at 10.51 and Zhuhai Port Co Ltd (SZ:000507) which gained 10.04% to close at 8.00.

The worst performers were Anhui Deli Household Glass Co Ltd (SZ:002571) which was unchanged 0% to 18.46 in late trade, Beihai Yinhe Industry Investment Co Ltd (SZ:000806) which unchanged 0% to settle at 26.90 and Anhui Zhongding holding Parts Co Ltd (SZ:000887) which was unchanged 0% to 24.75 at the close.

Rising stocks outnumbered declining ones on the Shanghai Stock Exchange by 949 to 9.

Shares in Anhui Deli Household Glass Co Ltd (SZ:002571) unchanged to 52-week highs; unchanged 0% or 0 to 18.46.

The CBOE China Etf Volatility, which measures the implied volatility of Shanghai Composite options, was down 5.94% to 30.23.

Gold for August delivery was up 0.02% or 0.20 to $1144.10 a troy ounce. Elsewhere in commodities trading, Crude oil for delivery in August rose 0.18% or 0.09 to hit $51.00 a barrel, while the September Brent oil contract rose 0.47% or 0.27 to trade at $57.19 a barrel.
  1. 2015/11/25(水) 10:00:03|
  2. chinese economy
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Chinese Rate Cut and Payment

China offers a prime example of export-led growth that has benefited from learning by doing and by adopting foreign know-how, supported by a complex industrial policy. Arguably, a modern version of mercantilism has been at work. The Global Crisis put an abrupt end to China’s export-led, high growth and large current-account surplus trajectory. In the US, the private sector was forced to de-leverage and lower demands for imports. Other crisis-hit developed countries also cut back on imports. Consequently, the Global Crisis and its aftermath induced rapid Chinese internal balancing, reducing the scope of future reserve hoarding.

In an attempt to revive the Chinese economy, the People’s Bank of China clipped interest rates for the sixth time since November as well as reduced its reserve-requirement ratio for banks. The country’s benchmark lending and deposit rate was cut 25 basis points, while its reserve-requirement ratio for banks dropped 0.5 basis points.

"The idea that this signals even greater weakness in the Chinese economy is flawed, but so is the idea that rate cuts represent a solution to slowing growth,”said Leland Miller, president of China Beige Book International, in an email to NACM. “When firms don't want to borrow, which is the case now, stimulus doesn't work. So while this is certainly a trading event, its effect on the economy will be negligible."

Credit insurer Atradius also released a new report this week that focuses on payment practices in China. It states that 62% of businesses said domestic business-to-business (B2B)“customers have slowed invoice payment due to liquidity problems over the past year.” On average, domestic B2B credit-based sales are 41.8% of local sales, while abroad B2B credit-based sales are 34.2% of the total value of exports. Both figures are notably lower than the average of the other Asia Pacific countries surveyed.

The statistics “confirm that Chinese respondents prefer payment in cash, cash equivalents or on other terms other than chinese trade credit, particularly in transactions with their foreign B2B customers,” the report notes. “This suggests an inconsistent perception of payment default risks arising from domestic and foreign B2B trade.”

On average, domestic B2B customers are given 37 days to pay invoices and foreign B2B customers receive 41 days. Late payments occurred almost as frequently domestically as abroad, and nearly 94% of respondents experienced late payments from their B2B customers over the past year. “The domestic insolvency environment in China is expected to deteriorate in the coming months, as economic growth is cooling down,” the report says.

  1. 2015/11/17(火) 10:33:34|
  2. chinese economy
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Easier to Make Chinese Company Check

Credit checks of Chinese companies have been made significantly easier with an online National Chinese Company Credit Information database providing free information about Chinese domestic companies to the public.

China's State Administration of Industry and Commerce has launched the National Company Credit Information System which is an online resource that provides free information about companies to the public. This followed the Provisional Rules on Enterprise Information Disclosure act which took effect on October 1 last year. The new disclosure act require all companies, foreign and domestic in the PRC to submit annual credit reports for public disclosure via the publicly available Enterprise Credit and Information Disclosure System which can be accessed online on a real-time basis. With the new online database, anyone can simply log in and access relevant financial, asset and legal liabilities information – greatly improving financial transparency among businesses in China.

- This is good news for anyone evaluating suppliers and potential business partners in China, says Per Linden, CEO of the consulting firm Scandic Sourcing. One year ago, credit disclosure companies stopped getting access to tax reports, which made it difficult to make credit checks of Chinese companies. To get accurate info, we had to ask the companies themselves to disclose their annual audit reports, which they may or may not do. Now, the publicly available Credit and Information Disclosure System circumvents all that, and I think this is a big step towards simplifying credit checks in China.

Screenshots from the search function of the new online resource for credit disclosure which Chinese companies (and any other company operating in China) are expected to submit their financial information to.

The information companies are required to provide includes corporate registration data, record filing, chattel equity pledge registration, mortgage registration, and notably administrative penalties levied by the Chinese Administration of Industry and Commerce. Look for the latter when evaluating a potential partner or supplier; it's an important indicator of a company's creditworthiness and integrity that used to be confidential. The companies themselves are responsible for the authenticity and legality of the information they disclose and spot checks on the disclosed information will be conducted; third parties may report any information they suspect is false.

Companies that fail to submit their reports in time will be recorded in the directory of companies with abnormal business operations and if the company fail to fulfill their disclosure obligations within three years, they will be recorded in the directory of companies with serious illegal conduct, and their legal representative or person-in-charge will be prohibited from becoming a legal representative or person-in-charge of any other company for three years.

More imformation about chinese company, pls visit Cnbizsearch:
  1. 2015/11/04(水) 09:56:27|
  2. chinese economy
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For example: The Yingli Energy

Yingli Solar (NYSE: YGE) makes solar power possible for communities everywhere by using our global manufacturing and logistics expertise to address unique local energy challenges. As one of the world's largest solar panel manufacturers, our teams of local experts are empowering communities around the world to go solar.

More than 50 million Yingli solar panels (representing over 13 gigawatts) have been shipped to more than 90 countries, including Germany, Spain, Italy, Greece, France, South Korea, China, Japan, Brazil, Australia, South Africa, Mexico and the United States. Yingli's dependable solar panels have been proven to perform in diverse climates and environments nearly everywhere under the sun.

Company Name:Yingli Energy (China) Co., Ltd.
Province:Guangdong Province

More imformation in Cnbizsearch. In this page you can
1)make sure supplier is real and legitimate company,not shell or fake company
2)make sure supplier can deliver the products in the quality standard specified in contract by checking their production line and mass produced products on the production line
3)make sure supplier has proper quality control policy and record
4)make sure the owner and contact person are good business people and your orders are in good hand.
5)make sure the documents and certificates from supplier is authentic

Cnbizsearch offers company verification service at most part of China, the network covers all the coastal regions and most part of inland China.

china company verification图片
  1. 2015/10/21(水) 16:02:17|
  2. chinese economy
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