China Direct

European Business in China - 2011/2 Position Paper launch

 

 
[Image courtesy of www.euccc.com.cn]

Yesterday, the European Union Chamber of Commerce in China (EUCCC) released its 2011/2012 Position Paper, which provides an overview of the views of many European companies doing business in China.

The Position Paper is the product of six months of consultation, which involved hundreds of companies and individuals from European businesses operating across China.

The report includes chapters on a wide range of sectors, including aviation, construction, information and communication technology, logistics, maritime transport, travel, banking & securities, insurance, private equity, etc.

The report also includes chapters on numerous cities and regions across China, including Beijing, Chengdu, Chongqing, Nanjing, the Pearl River Delta, Shanghai, Shenyang and Tianjin.

Highlights from the 2011/2012 Position Paper include:

     • China's strategic importance for global companies is rapidly increasing.
     • Key goals outlined in China's 12th Five-Year Plan (2011-2015) such as upgrading the industrial 
       sector, developing the service sector and encouraging innovation and green development match the 
       strengths of European companies in managerial know-how, the provision of services and green 
       and advanced technology.
     • The Position Paper brings together a significant number of recommendations for both Chinese and 
       European policymakers.

The CBI, together with the China-Britain Business Council (CBBC) , is organising the launch of the Position Paper in London on 22 September, which will be hosted by leading global insurance broker and CBI member Willis Group.

Pleease click here to read the Executive Summary of the Position Paper and here to access the full report.

China's new Social Insurance Law - what Employers should know

 

 

China Direct is back after a short break and would like to share with its members the latest information regarding China's new Social Insurance Law which came into effect on 01 July 2011.

Please download the briefing below which was kindly provided by CBI member Simmons & Simmons

Download HKLabLeadJuly11  

 

Chengdu city - Living in the West?

 

 
[Image courtesy of www.besteducationinchina.com]

Chengdu City - Living in the West?

A fertile business environment with the Sichuanese talent for good living is helping Chengdu to become a more attractive option for both investors and employees.

Chengdu, capital city of Sichuan province in SW China, is often regarded as one of the most attractive and liveable cities in China for Chinese and foreign businessmen and expatriates alike.

For an update on what Chengdu can offer your business - and family - please read on below.

Download Chengdu City - Overview July 2011

China Direct would like to thank both Shanghai Business Review and Ms. Kirsten Allen for sharing this article.

2011 European Business Confidence Survey - China - Headlines

 

 

Yesterday, the European Chamber of Commerce in China (EUCCC) released the results of its 2011 Business Confidence Survey.

The EUCCC achieved a record response rate of 44% of its members, with nearly 600 European companies having completed the survey. The Chamber identified the following three key messages arising from the results of its survey:

     1. China is an increasingly strategic market.
     2. Competition in China is increasing.
     3. Companies are concerned about China's regulatory environment.

Other key highlights include:

     • 79% of respondents have an optimistic business outlook for growth in China.
     • 59% of respondents are planning new China investments, up from 48%.
     • 78% of respondents reported an increase in revenue over last year.

Please click here to read the full EUCCC Business Confidence Survey and here and here for additional media coverage.

China Direct would like to thank Ben Cooper of the CBI's Beijing office for preparing this summary.

Manpower's China Employment Survey 2011 Q2 Summary

 

 
[image courtesy of www.manpower.com.cn]

China Direct hopes that you find CBI member Manpower's Employment Survey trends for the second quarter of 2011 useful.

Please review the summary below.

Download 2011Q2_MEOS_EN

Our thanks to Manpower China for kindly providing this information to our members.

Manpower's China Employment Outlook Survey 2011 Q1 - Key Facts

 

  
[Image courtesy of www.manpower.com.cn]

CBI member company Manpower has very kindly shared with China Direct its 2011 quarterly China Employment Outlook Survey.

This useful survey is essential reading for employers and employees active in China. It analyses 16 regional cities and provides helpful sectoral comparisons in addition to an assessment of global employment trends.

Please download below:

Download 2011Q1 MEOS_EN

China Direct will also provide Manpower's Q2 Survey results later this week.

For more information please contact Manpower on 00 86 21 58782618 or apple.xu@manpower.com.cn     

China's Twelfth Five Year Plan (2011-2015) - the Full English Version

 

The Delegation of the European Union in China has very kindly prepared a full English translation of China's 12th Five-Year Plan (2011-2015).

In mid-March 2011, the National People's Congress (NPC), China's top legislature, approved the new Five-Year Plan (FYP).

China's FYPs are blueprints which outline key economic and development targets for the country for the next five-year period.

This is essential reading for businesses seeking to either expand their existing China operations or position themselves in the market for the first time.

To download the full translation of the current FYP please click below:

Download Full translation 5 Yr Plan 2011-2015

 

Top Ten Tips for MNCs in China - Burson-Marsteller Insights

 

 
[Image courtesy of www.burson-marsteller.com]

CBI member Burson-Marsteller offers ten key tips that foreign businesses should be aware of when positioning themselves in China.

Kindly upload this excellent overview below:

Download Burson-Marsteller China Perspective - 10 Tips for MNCs in China - March 2011  

For more information about Burson-Marsteller, celebrating their 25th year in China, please contact their Beijing office directly via: douglas.dew@bm.com or Tel: 00 86 10 58162588.

China Direct would like to thank Douglas Dew and the BM China team for kindly sharing this information.

 

2011 Hays Salary Guide - trends across Asia Pacific

 

[Image courtesy of www.hays.com]

China Direct attended CBI Member Hays's annual presentation of their 2011 Salary Guide.

The Guide, which has been published annually for the last 30 years celebrated its third year in China today. It will be an indispensable tool for employers seeking to benchmark salaries for the year ahead. 

Some headlines:

• China recorded the highest salary increases with 68% of employers raising salaries between 3-10% and 22% by more than 10% 
• 78% of all respondents give their employees benefits in addition to salaries and bonuses
• Skill shortages, salary pressure, overseas recruitment and social media are amongst the top issues that will dominate the employment market in 2011 

Please refer to the following Press Release below or visit http://www.hays.cn/salary/default.aspx to download the complete Guide.

Download HaysSalaryGuide_2011-HK_sale

For any enquiries please contact Ms. Rachel Wu (rachel.wu@hays.cn) of Hays's Beijing office.

 

 

 

China's 5 Year Plan (2011-2015) - business opportunities?

 

 

[Image courtesy of www.neec.no]

Businesses seeking to understand the policy drivers that will influence China's next five years of economic development should read the latest analysis of its 12th 5 Year Plan.

China's Five-Year Plans (FYP) are blueprints which provide overall objectives for the economic and social development of the country in five-year cycles.

The 12th FYP (2011-2015) will be submitted for approval to the National People's Congress in March next year.

Several highlights of CBI member APCO's report include:

• 12th FYP will focus on "inclusive growth" as a guiding principle, which means ensuring that the benefits of economic growth are enjoyed by a larger proportion of the Chinese population.
• Health care, energy and technology are three sectors that will receive strong support under the 12th FYP.
• Foreign companies will face a changed cost structure during the upcoming five-year period as increased costs could result from minimum wage hikes, environment-related taxes, price reform of raw materials, etc.

Please read the full report below:

.Download APCO_12thFYP_Dec2010