MY CHINA PLUS is the first Virtual Warehouse all-in-one to distribute on Chinese / Asian markets in an easy, effective and economical way in Shanghai New Free Trade Zone.

The solution, based on Food & Beverages distribution platforms activities and experience, is designed for manufacturers / distributors who wish to have direct support in their business operations, promotion and distribution also without the need for a corporate presence in China.

How does My China B2B PLUS?

  • 1) SETUP: with My China B2B support, the company defines the space and the type of products that will store (temperature controlled, Fresh, Frozen)

NB: The warehouse is into the Shanghai FREE TRADE ZONE. This allows that stored products to pay duties and taxation only when they have been sold!

  • 2) SEND PRODUCTS: The company sends by sea the items to be stored in the warehouse in China.
    • For products without Chinese labeling:
      • Simultaneously with the product sending, are activated for the incoming products, the procedures with the Chinese authorities for obtaining the Chinese labels.

      • Upon arrival and during storage, products labeling  with Chinese labels

NB This allows to sell immediately the products on the Chinese market (competitive advantage - Ready to Sell) and also be used in fairs / exhibitions as Chinese products, with a big reduction of costs if the same products are shipped from their own country to the same exhibition (about 800 € every 100 kg).

  • 3) MANAGEMENT: Remote monitoring of Virtual Warehouse Platform by My China B2B PLUS Tools.
    • Movement Managing of the stored goods  (in / out)
    • Transfer / transport to other Chinese locations and Asian nations (for fairs, events, sales).
    • Tours of potential buyers (Showroom) to touch the stored products before buy.
    • My China Desk support for all logistics management activities and business relationships with potential buyers / distributors
    • Storing also in other Chinese locations (as needed)

Benefits for MY CHINA PLUS customers :

  • Only one point of contact in english / chinese language for all procedures (logistics, distribution, commercial) and documentation (invoices, documents, etc. ..)
  • Cutting costs (and time) about fairs, exhibitions, workshops and tasting organization, sending samples / products in China and neighboring Asian countries (Hong Kong, Singapore, Japan, Korea etc ...) .
  • "READY TO SELL" competitive advantage directly in China for your business
  • No tax: Stored goods Taxation only when really sold
  • Chinese Labels: Quick management for Chinese product labels
  • Simplified management of your distributors directly in China and multi / distributors with a single national stock
  • Pay per Use for your warehouse in China
  • Showroom activity for buyers product overview and tasting
  • Transparent management of all steps
  • Monitoring direct from your own country

Choose "the PLUS" more appropriate for your distribution needs in China and Asia!

For information or contact: [email protected]

Friday, 23 August 2019

Cloud Tags

2010 2011 2012 2015 2017 2030 30 years 3G Abroad accessories Additive Additives Additives Blacklist Adidas Advertising aerospace Affair Africa Agency Agenzia Agricultura Agriculture Aircraft airplane airport Airubs Airways Ajisen Ajisen Ramen alcohol Alex Koi alibaba Alimentare Alimentari all-electric Aluminum AmCham American Chamber of Commerce Anti-dumping antimonium Aokang apparel apple juice APTA AQSIQ Argentina ARJ21 Armando Tschang Armani Art Asean Asia Asian Fisheries and Aquaculture Forum Aston Martin Auchan Auction Auctions Auguri Automotive Aviation B2B baby Baby clothing Baby Food Baby Formula Baby-Food bacteria Bags Baihua baijiu Bally Ban Banana Bank Bankruptcy Banks banning Bazaar BCA Beer Beijing Beijing Consumer Association (BCA) Beijing Yanjing Beer Belgium Bentley benzoyl peroxide Bergamo Beverage Bexpon big cities bio-pharmaceutical biopharmaceutical Bird nest biscuits Bjoern KEMPE Bob Dog Booking Hotels Boost Bordeaux Borsa Italiana Bottle bottles Brand Brands Brazil BRICS Bright Bright Dairy buckets Building bullet trains bund Burberry Business Business in China Buying BYD cabbages Cabeen Cable cadmium Calcium calcium peroxide Camera Nazionale della Moda Canada Cancer canned rice porridge Canton Fair Cappaletti Cappelletti Car carcinogenic additive CAREI Carrefour Carruades de Lafite Cars Cartier Cashmere CCCFNA CCCT CCTV Ceramics Certification Chanel Chang'e-2 charter flight Chateau CHATEAUX Cheap Clothes checks chemical chemicals additives Chen Deming Chengdu Chicken Children chile China China ; Malaysia China Banking Regulatory Commission China Banking Regulatory Commission (CBRC) China Chamber of Commerce for Import & Export of T China Council for the Promotion of International T China Davinci China Federation of Logistics and Purchasing China Gov China Green Food Development Center China Import and Export Fair China Leather Industry Association China Market China Mobile China State and Drug Administration China Supreme People's Court China Textile Machinery Corporation China Yangshan China-India Culture Year China; China Consumer Price Index China; Import China; Inflation China; machiery China; Organic Chinese Chinese Academy of International Trade and Economi Chinese Medicine Chinese rules on foreign investment disputes Chongqing Christian Dior chromium Cina Cinema CITIC Cities CK clean energy technology clenbuterol clenbuterol in pork Clothes Club Mediterrane Cluster CMIF CNEEC CNGOIC CNPC co-op agreements investments cobalt and nickel Coca-Cola COFCO Coffee Cold Chain Coldiretti COMAC Commerce Commercial Commercial Aircraft Corporation of China Commodities Communication Conference Construction construction tax Consumer Consumer Index Consumer Price Index Consumption tax contro Control Controlling prices Convenience Cooking area Copper Copycat Cork corn Corning Cosmetics Cost counterfeit goods CPC China Plan CPI Creative Credit card Credit Card lending Crisis Cruise Cruise Ship Hub CTMC CTS Cuochi Currency Cusine Customs Da Vinci Daimler Daimler AG's Mercedes-Benz Dairy Dam DaVinci DDEHP Deer Jet Deficit DEHP Delivery Demand Desk in Cina Destination developed nations Devos DHL Di-isodecyl phthalate Diary dietary supplements dirty cooking oil disinfect Disney Disneyland Distribution Dollar DOP Drinks drought droughts drugs Dumex Dumping Dumpling Dunhill Duties Duty Free E-commerce earnings Earthquake Ecolab Ecommerce Economy Economy Growth education-supporting tax Egg Egypt Electric electrical equipment electronic device Electronics Elio-3 Ellesse Energia Energy energy and resources energy conservation energy saving Engineering Enterprises Entertainment entrepreneurs entrepreneurship environment environmental EPC ePlatforms eProcurement Ermenegildo Zegna especially those related to new energy EU Europe European Confederation of Footwear Industries Event Program Evergrande Evian Exhibition Exibition Eximbank Expansion Expo Expo 2010 Expo Center Expo Shanghai export Export quotas Export-Import Bank of Chin Exposition Express-Delivery Fair Fairs Fake Farm Farm Stocks Farmers Fashion Fast test Fast-Food FDI Ferragamo Ferrari FIFA 2010 Finance Financial Crisis fine art sales Fish fisheries Five-year Program Flagstore Flakes Flour Fondazione Food Food & Beverage food additive food additives Food Beverage Food Quality Food Safety Food Security Food Wine Spirits Food&Beverage Food_safety footwear Forbes Forecast Foreign foreign firms formula Fortune Fortune500 Forwarding Fosun France fraud free trade Freexers Free_Trade_Zone French Fresh Fresh Juice Friendships fruit Fruits Furniture Fusione nucleare G20 GAC ganqing Garment garments GDP Geely Gelato General Administration of Customs German Germany Gift Glass GlaxoSmithKline antibiotic GM goat government procurement GP GradeA Grain Grana Padano grape Greece Green Green Book of China's Tourism Green Economy Green Farm Green Products growth GSK Guan Sheng Yuan Group Guangdong Guangzhou guanxi guava flavoring H&M Hainan Ham Handset Hangzhou Haoji happy_new_year health Health Tourism healthcare Healthy heath heavy metal heavy-duty truck Hermes High Tech High-end high-end Supermarkets High-End Fashion high-end manufacturing High-Speed rail High-Speed train high-tech Holiday Home products Honey Hong Kong Hongqiao Hong_kong Horticultural Hospitality Hotel Hotpot House Hu Jintao Hua Hai Ge Hualian Huangpu Huawei Hub Hubei Hugo Boss Hunan Huo Jianguo Hurun Hush Puppies hydraulic power plants hygiene Hypermarkets IBC Ice cream ID Card IGP Ikea Illegal illegal additives Import Incoming Incubator India Individuals Indonesia Industrial Industrial Cooperation Mechanism Industries industry Infant inflammable Inflation Ingredients Innovation Input Price Index Instant Noodle Instant Noodle chain instant soup Integrated intellectual property intellectual property rights Inter-American Development Bank Interests International International Division Internet Investmens Investment Investments IP IPI IPO IPR Iron ISAD IT Italia Italian Italian Business Center Italian Center Italian Luxury Italy Japan Japan Earthquake Japanese jewelry Jiangsu Shagang Group JNBY July Keppel Lan key infrastructure key technology Knorr_Nongtangbao Kondor Korea Kweichou Moutai Kweichow Moutai L'Oreal Label Labels Lacoste L!ve shop Lafite Law LCD lean meat Leaner pork Leather Legend Holdings LG Li Ning Li-Ning Lianhua Licencing light industry Lilanz limit Liquor liquors Loan Logistic Logistics logistics management system Lohas London Louis Vuitton low tier cities low-carbon technology lower tier Cities loyal Luigi Rossi Bernardi Luna Luxury Luxury Brands Luxury Car Luxury Furniture luxury goods LVMH M&A machinery Machinery manufacturer Made in China Made in Italy Malaysia Mall manipulation prices Manufacturing Marchio di qualità Marina Market Market supply Marketing Marks & Spence Mart Maserati Material Maybach McCormick McDonald Meat mechanical and electrical products mechanical equipment Media medical machine Medium Company Melamine Melamine-free Menswear mergers and acquisitions Merkel Mexico MIIT Milano Milano 2015 military milk millionaires Mine Mining mining and energy Minister of Commerce Ministero Politiche Agricole Ministry of Commerce ML-Class Mobile MOFCOM monetary Mooncake Moutai mouthwash MOVIEGOERS My China My China B2B Mágina Sierra Nanjing national Security Nesle Nest soup Networks New Energy New Mobile newyear night-shining jewel NIH Nike Nitrite Noodle North Africa NPC O2O Obesity Ochirly ODI Office oil oil and gas Olive Oil Olympic Games oolong tea Organic Organic Food Outbound Outlook Overseas overseas-funded P&G packaging palm oil Panasonic Panel Panic Paper Park Parmigiano Reggiano PC Peacekeeping peanut milk peanut oil People's Bank of China perfume Personal Tax peru Pesticedes Pfizer pharmaceutical photo photovoltaic photovoltaics Pig pigs Pipe Plastic Plastic Bag PMI poisoning cases Policies polo shirts polypropylene polyurethane foaming plastic Pomodoro Popcorn Pork pork lean Port Portable Ports Portugal Post Powder power transmission PPI Prada Price price hikes Prices Priego de Cordoba priority Private private boat business Private Equity Private sector Processros Producer Producer Price Index Producers Production Products Prosciutto di Parma Prospects protein Pudong Puma Purchase Restrictions Purchasing Managers' Index Purification PYE Qiao lab Qingdao Qipu Road Quality Quality Control Quality Life Quality test Quarantine ractopamine radiation Radio railways Ranking rapeseed oil Ration Raw Material raw materials real Estate Rebates Recall recycled Red cubilose Regulations renewable energy Renminbi Rent representative office registration Repubblicapopolare Reselling Resort restaurant Retail Retail & Distribution retail vegetables markets reuse rice Rich Ring Rinnovabili Rise Ristoranti italiani RMB Roquefort and Pruneaux d'Agen Rothschild Rserve RT rubber Rules Russia Safety salt Samsung Sanya SARFT scandal science and Seafood Sector Security Sell Seller Septwolves Services SEZ Shaanxi Shang Xia Shanghai Shanghai Association for Quality Shanghai dairy Shanghai Hub Shanghai Institute of Fiber Inspection Shanghai Municipal Bureau of Quality and Technical Shanghai Tang Shanghai Yuantong Express Shanghai Yunda Express share transfer Sharp sheep Shentong Express Shenzhen Shi Dinghuan shipbuilding Shipping Shoes Shopping Shuangliu Shui On SIAL Sial China SIAL CHINA 2011 SIAL China 2012 SICAB SIM Sinomach Sinopec Skyworth small household appliances Smartphone SME Social social stability Society software Solar Solar Energy Sony Soup South Africa South America South Korea Soy oil Soyabean Soybean Milk Soybeans soyoil Spain special economic zone Spirits Sport Drinks Sport Shoes sports Sportswear standard Standards Star Mall Starbucks Starch Noodle State Council State Food and Drug Administration State Owned status symbol Steel Steel Cylinder Stock Stock Exchange Stocks Store Stores Strategy Street Food suitcases Sunbird Yacht Suning Appliance Sunseekers Suntech Supermarket supermarkets surplus Surplus. Yuan Survey sustainability swaters Sweden Swill Oil Swiss systems integrator Tablet PC tainted Tainted food tainted steamed buns Taiwan Tanzanian Tariff Tariffs Taste Taste of Italy tax Tax-Free tax-free store Taxes Tea Tech technology Tecnologia Telecom Telecommunications Technology Television Test Textile The Hub Theme Park Three Gorges Dam Tianjin Tire TNT Tongwei Group tonics Top brand Top Brands Totole Tourism toys traceability Tracking tractor Trade Trading Traditional Chinese Medicine Traditional Food Traditional Medicine Train Transport transport systems Transportation Travel treating children Treatment Trend innovation Competition Triple play Tsingtao Brewery Tsunami Turkey Tv Tycoons UE UN UNCTAD Unicom United Biscuits upmarket food retail brand US US International Trade Commission (USITC) Usa USA; MOC VANCL Vanke varieties VAT Vegetable Vegetables Video Vietnam Visa last minute Volkswagen Volvo Wal Wal-Mart Waldorf Astoria Wanda Group Wang Qishan Wang Rong Wang Zheng Yuan Watchdogs watches Water Water Cube wealth wealthiest wealthy Wealth_report Web wedding Wedding Service Industries Wen Wen Jiabao West White Spirit wholesale Wine Wine & Spirits wine stoppers Winery woolen World World Bank World Electric Vehicle Association World Luxury Association (WLA) World Trade Organization WTO Wu Bangguo Wuhan Wuxi Xi'an Xiamen Xinfadi Xintiandi Xinxing xinyong Xstrata Xushuang Solar Yacht yachting Yachts Yanghe Brewery Yiducity Yiduqiao Yingli Yinlu Yiwu Yogurt Yonho Youku youth YTO Group Corporation Yuan Yunnan Yurun Food zaia Zara zbird Zhejiang ZTE ZTO Express


My China B2B Blog: Culture, Society, Finance, Business, Business to Business
Nov 30

China revises penalties for price violations

Posted by Taste of World in Prices , Market , Food , China , Agriculture

Taste of World

The State Council, China's Cabinet, said Monday it will revise penalties to further crack down on price violations in order to tackle inflation.

The revised code will mainly target price manipulation, collusion, malicious hoarding and the spreading of false information, a statement issued after a State Council executive meeting presided over by Premier Wen Jiabao said.

Revision to the Provisions on Administrative Penalties for Price Violations is necessary to crack down on price violations and to maintain normal order and market pricing, the statement said.

The statement, which did not elaborate on the revisions, said the new code will be made public after further revision.

China's CPI, the main gauge of inflation, rose to a 25-month high of 4.4 percent year-on-year in the 12 months through October. The hike was mainly due to a 10.1 percent surge in food prices. Food prices have a one-third weighting in the calculation of China's CPI.

Nov 29

Hubei port expansion

Posted by My China B2B in Wuhan , Port , Hubei , China

My China B2B

Authorities in central China's Hubei Province announced Sunday they will invest more than 180 billion yuan ($27 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between 2011 and 2020.

The move comes as Hubei seeks to explore the shipping potential of the Yangtze, which covers the cities of Wuhan, Huanggang and Ezhou, the shipping center for the middle reaches of the country's longest river. Authorities said the investment between 2011 and 2015 would top 176.6 billion yuan ($26.5 billion).

Nov 29

Finance: US plays with fire by printing money

Posted by My China B2B in Usa , Inflation , Finance , Currency , Crisis

My China B2B

THE recent financial crisis has seen Asia emerge as an economic powerhouse - indeed, as a key driver of global growth.

Indeed, while Asia is rising, the rich industrial countries of the old G-7 have been drifting into a liquidity trap. As the ongoing recession exhausts the traditional instruments of monetary policy, central banks are opting for new rounds of quantitative easing (QE).

And, with investors seeking higher returns, more QE - especially by the US - will drive "hot money" (short-term portfolio flows) into high-yield emerging-market economies, which could inflate dangerous asset bubbles in Asia, Latin America, and elsewhere.

The US Federal Reserve and the Obama administration remain rhetorically wedded to maintaining a "strong dollar." But it is the dollar's weakness that has boosted US corporate earnings since the crisis erupted. Since early 2002, the US dollar has fallen by one-third against major currencies, and recently this decline has intensified.

Nov 29

Travel: CTS announces expansion plans for 2011

Posted by My China B2B in Travel , CTS , China , Agency

My China B2B

China Travel Service Head Office recently announced that it plans to develop its traditional inbound and outbound travel business and expand its presence in the medium- and high-end market.

Chen Rong, the CEO of CTS said that the company will not only actively promote civil travel but also explore the cruise tour, self-guided tour and self drive tour markets, as part of its goal to accelerate its transformation into a travel service operator from a travel service provider at a faster pace.

In 2011, CTS plans to map out outbound self drive routes and establish Chita self drive center. In the meantime the company will also establish several domestic self drive routes to expand its domestic self drive product line: including Beijing to Beidaihe and Shanhaiguan, Beijing to Xi'an, Xi'an to Xinjiang, and Chengdu to Lahsa.

CTS is the largest travel agency in China with more than 100 travel agencies across China and around the world.

Nov 26

China publishes rules regarding foreign firms' representative office registration

Posted by My China B2B in Rules , representative office registration , foreign firms , China

My China B2B

China on Thursday published a regulation on the registration administration of resident representative offices for foreign companies.

The regulation, to become effective in March 1, 2011, includes rules on the registration, establishment, information change, cancellation of registration and legal responsibilities of the representative offices of foreign companies.

According to the regulation, such representative offices are not allowed to conduct business in China, but they can perform market surveys, product or service display and promotion and liaise on behalf of their parent companies.

A foreign company needs to apply to China's State Administration for Industry and Commerce or its local branches in order to register a representative office or change an office's name or address.

The foreign company must be in existence for at least two years before applying to establish a representative office.

Any representative offices that are found operating without valid registration or engaging in any profitable business operations may be subject to administrative fines of between 50,000 yuan (7,507 U.S. dollars) and 500,000 yuan.

Additionally, foreign companies are required to appoint one chief representative for their offices and can appoint one to three other representatives according to business needs.

The offices are required to submit an annual report to the registration authorities between March 1 and June 30. The report should include information about the parent companies, representative offices' operations, and their balance sheets, which must be audited by auditing firms.

The regulation will also apply to the representative offices set up on the Chinese mainland by companies from Hong Kong, Macao and Taiwan.

Full text of the regulation is available on the Chinese government's website (

On Thursday, China also announced a regulation on the administration of fuel gas in urban areas. The regulation, which can also be viewed on the government website, will become effective in March next year.

Nov 26

Credit card lending grows by 13.2%

Posted by My China B2B in Credit Card lending , China

My China B2B

China's credit card lending accelerated in the third quarter, with potential default risks loom-ing larger. Market watchers believe, however, the risks won't pose any big challenge for the coun-try's banking sector.

Outstanding credit card lending grew up 13.2 percent from the previous quarter to total 1.86 trillion yuan ($279.59 billion) at the end of the third quarter, the People's Bank of China (PBC), the central bank, said in a statement posted to its website Thursday.

Yet unpaid credit card debt for over half a year reached 7.92 billion yuan ($1.19 billion) at the end of the third quarter, up 8.5 percent from the second quarter, reversing a 17.1 percent decline seen in debt growth from the first quarter to the second quarter, according to figures from PBC.

"Credit card default risks remain in need of attention," the central bank said in the statement.

Banks should tighten check-up upon applicants' credit record to ensure their qualifying for credit cards and debt amount allocated, said Lu Zhengwei, a Shanghai-based senior economist with Industrial Bank Co.

The active capital market resulted from ample liquidity may prompt some credit card owners to tap into short-term investment by overdrawing, which is likely to bring about risks of default, Industrial Bank economist Lu said.

Nov 22

World's largest night-shining jewel displayed in South China

Posted by My China B2B in night-shining jewel , China

My China B2B

The world's largest night-shining jewel, with a diameter of 1.6 meters and a weight of six tons, was shown to the public for the first time in the Palace of Valuable Jade in China's southern Hainan province, reported Sunday.

Zheng Baoshi, vice-president of the Jewelry Association of China, said experts estimate the night-shining jewel is worth 2.2 billion yuan ($331 million).

Nov 22

Hygiene fears over supermarket freezers

Posted by Taste of World in Supermarket , hygiene , Fresh , Freexers , Food Security , China

Taste of World

FREEZERS at some local supermarkets have been operating below safety standards and leading to food hygiene hazards, said the city's commercial market watchdog, which has now taken action to step up routine inspections.

"We are now dispatching portable thermometers to each district office, as inspecting freezers' temperatures is to be made part of the routine quality inspection procedure at supermarkets," an official surnamed Shen with the city's Industrial and Commercial Administrative Bureau said yesterday.

Nov 18

Construction materials blamed in the building burned in shanghai

Posted by My China B2B in Shanghai , polyurethane foaming plastic , Material , inflammable , Construction , Building

My China B2B

RESIDENTS say inflammable construction materials are also to blame for the fire.

A resident surnamed Bao, who lives near the building, picked up a yellowish foamy material and lit it with a lighter. The material, which was being installed on the surface of the building for heat retention before the fire, burst into flames within two seconds, giving off heavy smoke and strong odor, Xinhua news agency reported.

"The inflammable material called polyurethane foaming plastic is what turned the fire into a disaster," Bao said.

A resident surnamed Zhou, whose wife died in the fire, said she repeatedly complained about safety hazards and the workers' behavior.

"My wife told me the workers piled paint and foam plastics on the scaffolding just outside the window. They also smoked on the scaffolding," Zhou said.

Polyurethane foaming (PU) plastic is an organic material widely used as thermal insulation in China.

"They sprayed polyurethane foam liquid onto the facade before covering them with concrete," said Qiu Wensheng, a resident in the building, who worked for a construction material firm.

The material can ignite and burn if exposed to a sufficient heat source.

However, polyurethane foams and extruded polystyrene foams, and molded expanded polystyrene have more than 80 percent market share in China, according to the China Heat and Sound Insulation Material Association (CHSIMA).

Organic thermal insulation materials were blamed for the rapid spread of fire in the CCTV tower in 2009.

PU has banned from use in high-rise buildings in the US and Europe due to the fire risk, according to Erik Gielen, of the Rockwool Group, a producer of inorganic insulation stone wool.

Germany has strict rules under which buildings higher than 22 meters can only use inorganic materials, he said.

Hu Xiaoyuan, general secretary of CHSIMA, said, "China has similar fire safety laws, but with a higher 100-meter threshold."

"But the authorities still need to study the fire retardants added to PU to decide whether it's a quality material," she added.

Modern technology has greatly improved the thermal quality of the inorganic materials. But domestic inorganic insulation products are inferior. Importing inorganic insulation would add significantly to the cost of construction projects.

Nov 14

Sharp decline in October soybean imports

Posted by My China B2B in Soyabean , Import , China

My China B2B

China's imports of soybeans registered an unexpectedly sharp decline in October.

However, a monthly decline is unlikely to affect the domestic market, agricultural experts said on Wednesday.

Imports of soybeans dropped 19.6 percent from September to 3.73 million tons in October, the second lowest this year after February's total of 2.95 million tons.

Overall imports of soybeans for the first 10 months of the year jumped 25.8 percent to 43.9 million tons year-on-year, according to data released by the General Administration of Customs on Wednesday.

Nov 13

Starbucks to grow in Yunnan

Posted by My China B2B in Yunnan , Usa , Starbucks , Retail , Food Beverage , Coffee , China

My China B2B

US chain hopes to tap potential of province's high-quality coffee beans

US coffee chain Starbucks Corporation said it will open its first global coffee bean farm in China's Yunnan province, aiming to deepen its presence in the country, after signing a cooperation agreement with Yunnan government on Friday.

"The Chinese market reflected the most significant growth in coffee sales of our company last year and we chose Yunnan as the first place where we grow coffee as we see a big potential for coffee business here," Howard Schultz, chairman, president and chief executive officer of Starbucks Corporation, told China Daily.

Starbucks didn't reveal the size of its investment in Yunnan.

Apart from the base farm, Starbucks will also establish a coffee development center, coffee farmer support center and coffee processing facilities with the local government.

Nov 13

Monetary tightening pressure grows as CPI rises

Posted by My China B2B in PPI , Inflation , Finance , Economy , CPI , Consumer Index , China

My China B2B

Monetary tightening pressure grows as key inflation index rises

Consumer prices surged 4.4 percent year-on-year in October, a 25-month high, stoking inflation fears and making further monetary tightening more likely following Wednesday's reserve ratio hike.

The consumer price index (CPI), a main gauge of inflation, increased 0.8 percentage points compared to September's 3.6 percent, the National Bureau of Statistics (NBS) said on Thursday. It gained 0.7 percent month-on-month in October, indicating inflationary pressures, analysts said.

Food prices, which account for one third of the basket of goods used to calculate the CPI, contributed 74 percent with a 10.1 percent year-on-year rise in October, 2.1 percentage points higher than September, said Sheng Laiyun, NBS spokesman.

From January to October, the CPI climbed 3 percent compared to the same period last year, reaching the government's target ceiling for the entire year.

"The CPI for the year may slightly exceed 3 percent. We're keeping a close watch on price fluctuations, particularly food prices," Zhang Ping, head of the National Development and Reform Commission (NDRC), said on Tuesday.

<< Start < Prev 1 2 Next > End >>