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Published 04.11.2013 | Author : admin | Category : Women Need Men

The definition of e-commerce includes but is not limited to the buying and selling of goods or services through the Internet.
As mentioned above, most people tend to think of the definition of e-commerce as electronic transactions between businesses and consumers (B2C), but that’s not all.
To further explain the definition of e-commerce, let’s break it down to show how it works using an example of a B2C e-commerce website.
Make An Online Store is a guide for anyone with a product to easily open an online store and start selling on the Internet. STARS 20 MAY 2016 WORLDWIDE LAUNCHING IN 25+ COUNTRIES (1) malaysia (2) thailand (3) vietnam (4) china (5) bangladesh (6) india (7) phillipines (8) ukraine (9) brazil (10) myanmar(burma) (11) indonesia (12) south africa (13) russia (14) pakistan (15) combodia , and many other countries JOIN FAST Today is the best time to join us. China's appetite for meat has made billionaires out of two of the country's largest animal-feed providers. The two tycoons are benefiting from growing demand for healthier livestock as the world's most populous nation prods farmers to provide higher-quality pork, chicken and beef. Not only has the shift to meat boosted demand for domestic feed and turned China into the world's biggest animal feedmaker, the country breeds and eats more pigs than anywhere else on the planet, according to the Ministry of Agriculture. The surviving mills produced 200 million tons of animal feed in 2015, a 23 percent increase from 2010 and accounted for about one-fifth of global output, according to China's agriculture ministry.
Bao, 52, invested 500,000 yuan for a 17 percent stake in what was then called Golden Apple Group, and became one of its biggest shareholders in 2001.
Chen, 66, owns West Hope Group, a closely held conglomerate whose businesses include tourism, education and investments. West Hope has a 55 percent stake in the feed business, which had a revenue of more than 13 billion yuan in 2015 and represents about 70 percent of the group's total, according to spokesman Wang Linnong, who declined to comment on Chen's net worth.
Both billionaires benefited from decisions made by China in 1985, when the government liberalized its domestic grain industry and made livestock production a priority, according to the State Council Information Office. After graduating from Sichuan Agriculture University in 1982, Chen worked as a government employee for the Xinjin Agriculture Bureau.
The brothers soon pooled their capital and started a business with 1,000 yuan, expanding into the feed business in 1992 and forming the Hope Group. They diverged in 1995, splitting the business in four equal parts as a way to avoid a family dispute. Liu Yongxing started East Hope Group, building a net worth of $9.3 billion, according to the index. The eldest, Liu Yongyan, left the feed business and formed Continental Hope Group, which sells mechanical and electrical appliances. Chen also holds 1 percent of publicly traded New Hope Liuhe Co, an animal feed and agricultural products maker owned by his younger brother Liu Yonghao, according to Liuhe's 2015 annual report. Investors will likely see a mixed and sluggish trend in the Chinese stock market this week as the downside risks to China's growth outlook persist amid rising concern over policy uncertainty, analysts said. The benchmark Shanghai Composite Index suffered directionless volatility last week, moving sideways around the 2,800-point mark in light trading volume, which underscored weak investor sentiment.
Wang said there is a high probability that the market, now without sufficient momentum to trend upwards, will maintain the sluggish trend.
The choppy market trading reflected investors' concern about the weak economic fundamentals and the stronger chance for a rate hike by the US Federal Reserve in June. Key economic data for April, including industrial production, retail sales and fixed-asset investment, missed estimates. Another factor that could unsettle the market is the rising uneasiness among investors about Beijing's policy direction, especially after a recent article in the People's Daily, citing an unnamed authoritative person, criticized the use of massive easing to stimulate growth and stressed an "L-shaped" economic growth path for China.
Some investors have lowered the expectation for more monetary easing as they fear that the policymakers in Beijing may have shifted away from such a measure to stabilize growth. Credit growth in April slowed substantially, with total social financing increasing by a mere 751 billion yuan ($115 billion), down massively from 2.3 trillion yuan in March.
Wuxi Rural Commercial Bank Co Ltd, Jiangyin Rural Commercial Bank Co Ltd, Changshu Rural Commercial Bank Co Ltd and Wujiang Rural Commercial Bank Co Ltd are the other four in the IPO queue.
The IPOs of the five lenders, whose performance in recent years has been varied, may have different outcomes though, said analysts. Another 15 rural commercial banks have been preparing to submit IPO applications to the regulator. According to an EY annual report on China's banking industry in 2015 released last month, rural banks managed to post high double-digit growth due to their small size, and great emphasis on fee-based businesses, while large commercial banks reported slower, single-digit growth.
Analysts said rural commercial banks need to tackle issues of rising non-performing loans and try to diversify their business models. According to the CBRC, by the end of the first or January-March quarter, rural commercial banks in China reported combined non-performing loans of 206 billion yuan, 19.8 billion yuan higher than the last or October-December quarter of 2015.
It is also essential for rural commercial banks to strengthen their risk control systems to win investors' confidence, as their risks are well diversified, and given that their borrowers are very often from the same sectors, regions, and business models, according Guo Tianyong, a professor at the Central University of Finance and Economics. A research note from Haitong Securities Co Ltd said that the to-be-listed rural commercial banks, and others mulling IPOs, need to strengthen internal governance and prevent systemic risks.
With the second-child policy now in place, young couples are expected to have two children, which, in turn, could make the MPV segment the sweet spot in China's auto market, the largest in the world. Industry insiders predict that by the end of this year, MPVs would overtake mid-size cars to become the third best-selling auto segment in China, just behind compact cars and sports utility vehicles. Krupinski said the second-child policy, in particular, will have an impact on the population structure, family structure and economic development in the decades to come. Hiroji Onishi, head of Toyota Motor's China operations, told Reuters that "MPVs have good prospects in China. He said young Chinese couples tend to live near their parents, so the second-child policy is expected to make family units larger. According to Reuters, Toyota officials and dealers think the Voxy's interior comfort offers a more subtle way for China's rich to signal their wealth in a climate where overt excess is frowned upon. For example, the top two best-selling models last year were the Wuling Hongguang microvan and the Baojun 730 minivan, both produced by SAIC-GM-Wuling, a joint venture of General Motors, SAIC Motor Corp and Guangxi Automobile. The popular models with a pricing of about 200,000-400,000 yuan are the Buick GL8 and the Honda Motor Co's Odyssey. For the lucrative high-end niche, the typical model is the Mercedes-Benz V-Class, a replacement of its former Viano, with a price range from 500,000 yuan to 600,000 yuan. Zeng Zhiling, managing director of LMC Automotive Consulting (Shanghai), said the most important reason behind the rise in MPV sales is the China Association of Automobile Manufacturers' rejig of vehicle categories in 2013, classifying minivans as MPVs.
Zeng said the rising demand for logistics and commuting in the lower tier cities and towns, as well as the expected rise in use of MPVs by high-end families in the wake of the second-child policy, are also key reasons. Zhang Yu, managing director of Automotive Foresight Co, said the segment will retain a growth rate of more than 10 percent year-on-year for the next five to six years. Zeng said most customers of MPVs are from semi-urban areas, whose budgets are between 50,000 yuan and 70,000 yuan. The high level of purchasing power of some consumers in China's western provinces is giving hope to makers of luxury cars who have been otherwise experiencing challenges, in the form of low sales growth and obstacles to their "Go West" strategy.
Cao said many luxury brands have launched more models with lower prices, ranging between 250,000 yuan and 350,000 yuan. According to the expo organizers, the seven-day Xi'an auto show attracted 418,000 visitors and helped sell 14,219 cars for more than 4 billion yuan, 1 billion yuan more than the sales revenue from a similar exhibition last July.
Record sales at Xi'an came in spite of another auto show being held at the same time in the northwestern city of Yinchuan in Ningxia Hui autonomous region.
According to the organizers of the four-day Yinchuan show, there were 220,000 visitors, and 2,309 vehicles were sold for 345 million yuan.
Liu Jiazhen, marketing director at Ningxia Jinrunbao Auto Sales Service Co, a major local dealer of BMW, said the auto industry still sees good potential in West China. In addition to popular Mercedes-Benz, BMW and Audi which are well accepted by Chinese buyers, Lincoln Motor Co, a traditional luxury brand from the US, is doing well. After setting up stores in first-tier cities like Beijing, Shanghai and Guangzhou, Lincoln opened a new store in Xi'an, the first one in West China, in January.
Tian Jing, executive vice general manager of Xi'an Haolin Lincoln Store, said the company has confidence that car buyers in the western region will bring more revenue for Lincoln.
From the perspective of Cao the sales assistant, only brands such as Aston Martin can be called luxury brands. For, some luxury car brands are less and less "luxury" due to their launch of models targeted at young and middle-class consumers.
Prospective buyers of luxury cars in the region are those who had built their fortunes on soaring demand for mining resources like coal, oil and natural gas. The MPV segment is dominated by local automakers' low-end vehicles that command about 90 percent market share. The carmaker plans to launch several models later this year, including the Baojun 310, the refreshed Baojun 560 and Baojun 730.
The market potential partly comes from the increasingly rational demands being made by consumers, said Han. Also, the continual high demand from buyers for multi-function, cross-segment vehicles, and availability of a broader line-up of MPVs, will boost the segment, Han said. Wuling Hongguang, an MPV launched in 2010 by SGMW, has been China's best-selling auto model for the past four years. According to the China Association of Automobile Manufacturers, sales of Wuling Hongguang reached about 255,800 units last year. SGMW produced and sold 2 million vehicles last year, which made it the first automaker in China to achieve that figure in annual output and sales. Foreign carmakers injecting billions into China to ride the country's fast-growing market is passe.
A local potential buyer test-drives a Beijing Automotive Industry Holding Co's truck model under the guidance of Guo Lei, general manager of Foton East Africa Ltd, a subsidiary of BAIC, in Nairobi, Kenya. BAIC will build more than 100 after-sales service centers in five major regional markets: North Africa, North America, Southeast Asia, Central Asia and Eastern Europe.
Xu Heyi, chairman of BAIC, said Chinese vehicle manufacturers who used to rely on gaining easy money through joint venture brands, are shifting focus to global markets as growth in the domestic markets has more or less bottomed out. The company has set for itself a sales target of 300,000 units globally by 2020 through exports and overseas factories and different assembly lines. The initiative, proposed by the Chinese government in 2013, envisages a Silk Road Economic Belt and a 21st Century Maritime Silk Road covering about 4.4 billion people in more than 60 countries and regions in Asia, Africa and Europe. China's 15 major automakers, including Chongqing Lifan Group and Great Wall Motors Group, have established 61 overseas plants. BAIC, which has subsidiary joint-venture companies including BAIC Hyundai Motor Co Ltd and Beijing Benz Automotive Co Ltd, had adopted the original equipment manufacturer or OEM business model for its Mexico factory initially.
With an investment of 5 billion yuan ($773 million) in South Africa, BAIC plans to produce up to 100,000 units per year at its new manufacturing base in Port Elizabeth from 2018.
It will be operated as a joint venture with the involvement of South Africa's Industrial Development Corporation, which is a financial company providing capital support for the country's enterprises and investment projects.
The new manufacturing base will produce passenger vehicles, sport utility vehicles, minivans and vans. Buoyed by the surging demand for new vehicles in Africa, BAIC established a minibus assembly plant that employs more than 500 people in Springs, a South African town in 2013. Xu said the company will increase its investment in its South Africa production base and the assembly plant in Nairobi, Kenya, to produce pickups and light trucks.
As China and other partners are accelerating the pace of the ongoing negotiations to upgrade the China-ASEAN Free Trade Agreement, Xu said the company will add more products and part-fund warehouses in its manufacturing base in Ruili of Yunnan province by the end of 2017, to compete with foreign brands in the markets of Southeast Asia. The Chinese company has already built a number of plants, research and development centers in India, Pakistan, Russia, Italy, the Netherlands and the United States. Cai Jianjun, vice-president of BAIC, said that as is the case in most African countries, where new cars are beyond the reach of most people, used vehicles command a large share of the market, with the proportion being 70 percent in most Sub-Sahara African countries such as South Africa, Ghana, Ethiopia, Angola and Kenya. The disadvantage of such a big used car market is that the brand life of some cars can be as long as 20 years, and anyone with one of the old models can face problems in obtaining spare parts. Cai said this is a new growth opportunity for BAIC because the company can provide spare parts in sufficient quantities and technical services on time through locally built warehouses, established logistics and service networks. As vice-chairman in charge of risk and public policy for Visa Inc, Ellen Richey is the company's voice for lawmakers, regulators and clients globally.
One of her major tasks is to ensure Visa continues to drive the future of payments security.
Ellen Richey (center), vice-chairman of risk and public policy for Visa Inc, shakes hands with Li Jinzao (left), general director of the China National Tourism Administration, at the launch of 2016 China-US Tourism Year on Feb 29 in Beijing. Tremendous changes are taking place in the payments industry, driving innovation through wider application of Internet technologies, she said. Asked about striking a balance between security and innovation, Richey said, "Security has to be No 1. Visa is keen to make the security standards clear so that people could develop innovative solutions that are also acceptable from a security standpoint. The company announced in February the launch of the Visa Developer platform to drive innovation in payments and commerce.
At the same time, Visa is trying hard to ensure that all the players in the system follow its data security standards and develop common standards for innovation.
It will be interesting with new companies coming into the picture, she said, for they will provide new payments devices like cars, refrigerators or other Internet of Things-enabled devices that are not used to the type of security expected by leading payments technology companies. Apple Inc launched a smartphone-based payments system called Apple Pay in China on February 18. Richey said Visa will bring the same type of security if clients are going to make a payment with their car or their refrigerator. Consumer-centered commerce is growing rapidly in China, with the idea that the consumer is in the center of the picture at anytime through new types of devices. Born on the east coast of the United States, she took a great interest in languages in her education, majored in linguistics and Far Eastern languages when she went to Harvard University. She worked for a law firm in California and then for a bank that had a very large payment business, moving gradually from the legal to the risk management profession in the banking industry.
Over the years, one expert notes that leaders have struggled to adapt to the pace of change because they have been given a false choice between highly sophisticated, but overly cumbersome change management systems that accidentally encourage stagnation; or abandoning systems altogether in favor of shooting from the hip.
Domino is a radically simple book that highlights a new approach for executing change and shows leaders and their team how to set free from the shackles of change by addition. The book explores stories of real leaders in a multitude of industries to see how to apply the techniques in any situation.
Anyone who possesses a decisive mindset is known as the "deciders," according to the author. But what separates highly successful leaders from everybody else is the ability to make a decision that shapes the future they want to see. Whether you run a Fortune 500 company, manage a department, head a school board, or lead a team of two volunteers, this book will show the reader a simpler way to conquer uncertainty and deliver steady results in spite of unrelenting change. China Petrochemical Corp, Asia's largest oil refining company, has appointed Dai Houliang as its general manager in place of Wang Tianpu, who is being investigated for alleged corruption.
Guo Wenqing has been appointed as the new head of China Minmetals Corp, the country's biggest metals trader, according to the company's statement on its website.
Agricultural Bank of China announced that its board has resolved to nominate Zhou Mubing as an executive director of the bank for a three-year term, subject to the approval of shareholders and ratification by the China Banking Regulatory Commission.


Home Credit BV, the Netherlands-based holding company for Home Credit's leading multi-channel consumer finance operations in CEE and Asia, has appointed a new country head for its operations in China.
In-flight meals include Chinese dishes, while passengers can watch movies in Mandarin and get assistance from Mandarin-speaking cabin crew.
Yared Berta says the traffic between Africa and China has been affected by security problems in Africa and an economic slowdown in China, but the vision of increased contact "is still beautiful".
As China's business links and people-to-people exchanges with Africa have grown, the nation has become a vital market for Ethiopian Airlines, he says. Last year, bilateral trade between the two was about $280 billion, while China has accumulated investments of more than $30 billion in the continent. Ethiopian Airlines, which has been operating for 70 years, entered the Chinese market 43 years ago and today provides 28 flights a week to four cities - Beijing, Shanghai, Guangzhou and Hong Kong - and carries about 2,000 passengers a week. Although the airline is the largest in Africa, he says it aims to compete more in the global market. Research by the China Tourism Academy shows Africa is seeing the fastest growth in Chinese travelers.
Data from tourism website Aoyou indicates that, since 2010, the number of Chinese going to the continent has increased on average 50 percent every year. During the annual Spring Festival holiday in February, Ethiopian Airlines carried more than 1,000 travelers from China to the Seychelles. Those traveling from China to Africa tend to be businesspeople from Shanghai and Beijing who want to travel or invest in Africa, he explains, while African travelers mainly fly to Guangzhou and Hong Kong in South China, as most are traders who want to buy products such as garments, electronics and even machinery to sell back home. Berta says Africa is a challenging market, as incomplete infrastructure and security problems pose difficulties for airlines looking to develop.
China is also seeing a slowdown as the country shifts toward an economy driven by services, consumption and technology. Yangtze Optical Fibre and Cable Joint Stock Co Ltd, the world's largest optical fiber cable manufacturer by output, is expanding its global market to regions where telecommunications are underdeveloped.
The move follows its initial public offering in Hong Kong in December 2014 and the setting up of joint ventures in Myanmar, Indonesia and South Africa.
In January last year, Yangtze Optical Fibre signed a joint venture agreement with Indonesia PT Monas Permata Persada to establish a factory in Indonesia. The venture was set up with an initial capital of $10 million, with the Chinese company holding a 70 percent stake.
In March last year, Yangtze Optical Fibre set up a joint venture in Myanmar with a local optical fiber cable producer to output 1 million kilometers of cable a year.
Myanmar and Indonesia fit the bill, he says, adding that the next focus of overseas expansion will be Africa.
Established in 1988, Yangtze Optical Fibre was formed by three partners: the China Huaxin Post and Telecommunication Economy Development Center, Wuhan Yangtze Communications Industry Group Co Ltd and Draka Comteq, which is based in the Netherlands.
The company is the largest fiber raw meterial supplier and the second-largest optical fiber and cable supplier in the world.
The project is in Johannesburg and the initial planned production capacity is 1 million km a year. Richard Mack, chief analyst at CRU, a consulting firm on global commodity industry pricing, says the top three regions in terms of demand for optical fiber cables are Southeast Asia, Africa and Latin America. Total demand in the three regions in 2014 was 30 million km, only 20 percent of China's demand in the same year, Mack says. He estimates the annual growth rate in the next five years in the three regions will be more than 10 percent. Zhuang adds that he believes the optical fiber cable market in China and abroad has great potential for growth thanks to "national initiatives for the convergence of the telecom, internet and broadcasting networks" and the government's Internet Plus strategy. President Xi Jinping urged to "resolutely push forward supply-side structural reform" as the world's second-largest economy still faces strong headwinds, reflected by its easing economic indicators for April. The reform is the key to the overall and long-term well-being of the Chinese economy, he told a meeting of the Central Leading Group on Financial and Economic Affairs on May 16.
The core of the reform is to push the reform of state-owned enterprises, accelerate the transformation of government functions, and deepen fundamental reforms, such as those in the pricing, fiscal and taxation, financial and pension fields, the president added.
The market and government should both better play their roles to balance the reforms, he said. Xi made the comments after the publication of an article by People's Daily on May 9 citing an "authoritative figure" who analyzed the causes of China's economic woes and offered the prescription of supply-side reform.
On May 10, People's Daily published the text of a speech that Xi delivered to principal ministerial and provincial officials in January, when he had said that China's economic future will hinge on supply-side structural reforms. Supply-side reform, which should focus on "allowing the market to play a decisive role", must be pushed to add to the long-term vitality of the Chinese economy, Dong says. Niu Fengrui, director of the Institute for Urban and Environmental Studies at the Chinese Academy of Social Sciences, says China has yet to effectively implement the supply-side reform agenda.
Since Chen Junling was hired to help run China-Africa Overseas Leather Products in Ethiopia four years ago, she has seen Chinese business executives visit the company every month in search of business opportunities in the country's leather industry. Few, however, end up investing in the country, which has the richest livestock resources in Africa as well as low labor costs.
Part of the problem is that the industrial chain in the country is incomplete, says Chen, vice-president of the tannery, which the parent company in Central China's Henan province opened in 2010 in Sululta, a town north of the capital, Addis Ababa. The situation is expected to change soon, however, thanks to a series of Chinese investments to complete the country's leather industry chain.
Industrial cooperation is one of the 10 major plans to boost cooperation with Africa that China plans to roll out in the coming three years, President Xi Jinping announced in December at the Johannesburg Summit of the Forum on China-Africa Cooperation.
Completing the Ethiopian leather industry chain is expected to attract more Chinese businesses, helping Ethiopia add more value to its leather products, creating more jobs, and bringing in more badly needed foreign exchange. The Ethiopian government is eager to add more value to this resource to obtain more foreign exchange. This is because fulfilling Ethiopia's acute need for large infrastructure projects takes a very large proportion of its limited foreign exchange reserves, and its trade balance also limits the availability of hard currency. But exports of high value-added leather products remains small, and it still has to spend its limited foreign exchange to import components and accessories.
The Ethiopian Leather Industry Association has 58 members and about half of them are tanneries, says association secretary general Abdissa Adugna.
The downstream leather companies in Ethiopia are also having problems similar to those faced by Chen's friend. Chinese investment in the country's leather industry is helping change things, but there is yet much to be done.
Huajian International Shoe City (Ethiopia) Plc, which opened its operation in Ethiopia in 2012, has earned more than $50 million in foreign exchange for Ethiopia. Local tanneries are supplying raw materials to the company, and Huajian's higher standards push local companies to improve, he adds. Song Yiping, deputy general manager of Huajian, says local companies previously couldn't make molds for shoe soles and had to import them from Italy at high cost. While training workers in Ethiopia, Huajian also has sent about 200 Ethiopian workers to China for training. With many labor-intensive industries likely to relocate to the park, it is expected to generate 60 percent of Ethiopia's footwear and garment products, Song says. The school not only would train skilled shoemakers, but also secretaries, mold makers, computerized numerical control operators, printers and IT workers. The supporting facilities, including hotels, shopping malls, schools, exhibition centers and office buildings would be built around the park and trade companies are to be brought in. With a total investment of $400 million, it is expected to earn $2 billion of foreign exchange a year for Ethiopia, Song says. Chen from China-Africa Overseas says Huajian's efforts to complete the industry chain is good news since her company would have customers much closer than those in China. She says global trade woes have hurt her company, which is currently outputting 5,000 pieces of leather, one-third of its capacity. The company now mainly exports semi-finished leather and further processing is done elsewhere to meet the customer's specific needs.
The monthly salary for an Ethiopian worker is usually from 300 to 500 yuan ($46 to $77), while in China it is more than 2,000 yuan. Still, Chinese companies should keep their eyes open to a variety of challenges, businesspeople suggest. Song from Huajian says the training costs for his company are high, and even then inexperienced workers sometimes cost the company. The company also has to pay to improve the underdeveloped infrastructure around their light industry park, including the roads and power supply. When President Xi Jinping visited the University of Manchester in October, he was shown the world's first graphene lightbulb.
With a long life span and cheap production costs, graphene lightbulbs could become a strong rival to LED lights, and BGT forecasts sales of 300,000 to 500,000 units this year. Liam Britnell, Marketing VP of Graphene Lighting PLC, the BGT Materials Limited's spin off company, holds the graphene lights. Graphene, a thin layer of pure carbon that is tougher than a diamond yet lightweight and easily conducts electricity and heat, was first isolated from graphite in 2004 by Andre Geim and Kostya Novoselov at Manchester University. Since Xi's visit to BGT Materials, which is based in the National Graphene Institute at Manchester University, the institute has signed two deals with Chinese companies: one with Huawei, the other with the Beijing Institute of Aeronautical Materials and Aviation Industry Corp of China. The project with Huawei is focused on research into graphene's thermal management properties, while with AVIC the Manchester institute is looking into how to incorporate graphene into materials for aviation and other transport sectors. Robert Young, a professor of polymer science and technology, who is leading the National Graphene Institute's project with AVIC, says the use of graphene in the transport industry can lead to significant benefits.
China has already made graphene a strategically important new material in its 13th Five-Year Plan, which sets out the country's development objectives between 2016 and 2020.
The country has also set up five industrial parks to accelerate its industrialization, in Changzhou, Wuxi, Ningbo, Qingdao, and Chongqing. Currently, 70 percent of graphite is found in China, giving Chinese manufacturers a big advantage, while according to Britain's National Physical Laboratory, China has applied for 47 percent of the world's graphene patents. China has also placed a big emphasis on the implementation of high-quality graphene standards domestically, with the help of British expertise. In March last year, the National Physical Laboratory signed an agreement with Beijing's Zhongguancun Fengtai Science Park and Beijing Fengtai New Materials Inspection Institute to help Chinese organizations adapt global graphene standards to specific needs. Hao Ling, the lab's principal research scientist, says enforcing standards internationally is vital for the industry's growth. Currently, two bodies develop the global standards: the International Organization for Standardization and the International Electrotechnical Commission. Tim Cook, CEO of the US tech giant, said in Beijing on May 16 that about half of the earnings came in the past 12 months alone, indicating strong momentum in the industry. He made the remark during his latest trip to Beijing, as the company tries to boost its contracting smartphone sales in China, its second-largest market after the United States. Apple CEO Tim Cook takes a Didi taxi with Jean Liu Qing, president of Didi, to an Apple store in Wangfujing in downtown Beijing on May 16.
Apple announced it has pumped $1 billion into Didi Chuxing, China's largest ride-hailing platform.
Neil Shah, research director at Counterpoint Technology Market Research, says Cook's visit to China, coupled with the recent investment in Didi and Cook's promise to help Chinese developers, add up to the fact that "China is, and will remain, the most important market for Apple". The car-hailing app handles more than 11 million rides a day and serves about 300 million users in China.
Apple opened seven stores in China during the quarter ending in March and will open five more to take the tally to 40 by the end of June, signifying the importance of the Chinese market for the company.
When Rob Bevis launched his import and wholesale business, Roque Fine Wine, three years ago in China, he was told the country's wine market was nearing a tipping point.
The government's anti-corruption campaign, which promised long-term benefits for society, had an immediate adverse effect on wine consumption as it curbed officials' extravagant, taxpayer-funded banquets. In the past three years, China's wine market has steadily recovered to a path of healthy and sustainable growth. Sales of expensive imported wines, which were common at lavish banquets, fell in terms of volume and revenue. But in the past three years, China's wine market has steadily recovered to a path of healthy and sustainable growth. Moreover, consumers in China have broadened their knowledge and developed a taste for fine wines.
Leading the pack for foreign wines are French varieties, New World wines, like those from Chile and Argentina, are fast grabbing market share.
Market researchers say Chinese consumers are also buying more relatively expensive wines imported from New Zealand.
Wine trade experts say this trend is natural, as individual consumers prefer more diversified and differentiated products than corporate clients.
For their part, traders encourage buyers to try as many varieties as possible through a wide range of events and education programs via online and mobile channels.
Pudao Wines, a subsidiary of Australian retail giant Woolworths Liquor Group, has been establishing wine boutiques in China that provide fine wines to private clients and wine-related services. ASC Fine Wine, one of the largest fine wine importers in China, has also devoted more resources to online retail channels.
Enoteca, a specialist wine shop based in Tokyo, often organizes wine tasting and other events at its China stores to share information about growing grapes, including details about the geographical features of the wine regions and the heritage of wineries. According to a research note by Winechina, a website focused on China's wine market, wines produced in the country account for 70 percent of the national market.
Some new Chinese labels, such as Grace Vineyard in the Ningxia Hui autonomous region, are gaining in popularity among wine consumers and are even being exported.
But it is the established wine brands like Chang Yu and Great Wall that still dominate the domestic market.
Zhou Hongjiang, general manger of Chang Yu, says China's wine market is not a zero-sum game between imported wines and local brands. Businesses are able to sell to other businesses or directly to consumers over the web, thus reaching clients and customers on a global scale. We must not forget that there are also B2B transactions in which businesses sell to other businesses. You already have an online store set up, web users land on your website and browse for products.
We provide all the information you need and recommend the best e-commerce solutions available so that you will have guaranteed online success in no time. Bao Hongxing, chief executive officer of the closely held Twins Group Co in Jiangxi province, China's fifth-largest animal-feed producer, has a $1.8 billion net worth, according to the Bloomberg Billionaires Index. The country is also seeking to reduce its dependence on cheaper, low-protein staples such as rice, corn and soybeans. Its largest farms are benefiting the most because they're most able to afford investing in the facilities and ingredients needed to meet the government's guidelines for safety, quality and environmental protection. The number of China's feed mills has fallen to 6,000 from 10,000 in 2010 as family-owned businesses were shuttered, Wang Junxun, a vice-director at the agriculture ministry, said. The company, which changed its name to Twins Group in 2007, is China's largest producer of pig feed, according to the group's website.


Family members, including his sister and two brothers-in-law, own another 29 percent of the company.
It split off the animal-feed business in 2005 as Sichuan Tequ Investment Co, a partnership with closely held Pu Hua Agriculture & Technology. He was abandoned at age two and placed under foster care in the farming village of Gujia because his family couldn't afford to feed four sons and a daughter.
Together they built a collective net worth of more than $15.9 billion, China's second-largest family fortune, according to the index.
Both Liu Yongxing and Liu Yonghao remained focused on agriculture while expanding into heavy chemical industry and real estate industry, respectively. Liu Yonghao, the youngest brother, founded New Hope Group and built a $5.5 billion fortune.
The current choppy market is raising investors' concern about the weak economic fundamentals, experts said. Some of them wish to list in Shanghai, Shenzhen or Hong Kong, while at least six are eyeing the National Equities Exchange and Quotations, an over-the-counter board, according to the China Stocks Journal. Their combined capital accounted for 67 percent of all rural financial institutions, including rural credit cooperatives, rural commercial banks and rural cooperative lenders.
The latter are fragile when facing cyclical fluctuations, which may put pressure on liabilities when economic growth slows down or economic structure is transforming, according to the prospectus of Zhangjiagang Rural Commercial Bank.
Chinese consumers no longer view vehicles as a means to show off but as machines that serve practical purposes. Given the changing life-stage needs, we think what's going to be popular are smaller, more affordable MPVs like the (Toyota) Noah Voxy, a compact minivan which we market in Japan".
And in China, trends that catch on at the premium end traditionally spread quickly through the rest of the market. The low-end models with pricing range below 100,000 yuan ($15,350) currently account for the majority of sales. He predicts the growth rate of the segment would slow down in future, and sales would still be contributed mainly by low-end MPVs.
But the segment structure would be the same, with low-end models accounting for the majority of the sales. He had near incessant interactions with prospective car buyers and visitors at the seven-day auto show in Xi'an where he manned the Mercedes-Benz stand. A growing number of young people are considering buying a Mercedes-Benz, a BMW or an Audi as their first car, to make their dreams come true. Of course, the location of Xi'an at the heart of West China helped attract visitors from neighboring provinces and autonomous regions such as Sichuan, Shanxi and Inner Mongolia. And the "real luxury" or ultra-luxury car segment in West China has gone cold, savaged by the commodities' price drop, which has severely affected incomes of the rich in the region.
But their wealth has shrunk in recent years because of coal mines' bankruptcy due to falling prices and weak demand.
He explained the low-end MPVs could be used for commercial purposes, while the mid-end and high-end ones target families.
The Baojun 730, an MPV from the SGMW stable, was China's fifth best-selling model last year with sales of 321,100 units.
The company said its sales last year included 1 million MPVs, up 14.8 percent year-on-year. Over the past few years, the two-decade-old cliche has been making way for a new theme as Chinese auto companies such as Beijing Automotive Industry Holding Co decided to go global with their easily serviceable and inexpensive products. It will complete building three global manufacturing bases in South Africa, Mexico and Ruili of Yunnan province by the end of 2017.
It will also deploy more resources in markets that are part of the Belt and Road Initiative. They produced more than 270,000 vehicles in different regional markets in 2015, data from the Ministry of Commerce show. The idea was to limit its investment to a certain level in order to pre-empt large losses due to possible political uncertainty.
The Port Elizabeth factory is expected to entail the largest one-time investment in South Africa and even Africa.
It will create 2,500 jobs directly, and over 10,500 jobs for upstream and downstream industries indirectly. It had managed to sell 40,000 vehicles in global markets through its 24 overseas plants and 124 sales branches in 37 countries and regions by the end of 2015. The platform allows software application developers to have open access to some of Visa's most popular payments technologies and services, including account holder identification and person-to-person payment capabilities. It is working with the companies that are doing biometrics research to determine what types of standards should be applied. Visa wants to develop local solutions, especially when mobile payments are fast becoming popular. Before assuming her current role in October 2014, she concurrently served as chief legal officer and chief risk officer of the company. There are three layers of security in the phone: First, Apple Pay assigns, encrypts and stores a unique device account number on an iPhone or Apple Watch, instead of storing the actual credit or debit card number. We'll ensure that portion of the device is made to our standards and not made to whatever standards they may apply in their industry," she said.
When she was attending a launch ceremony for the China-US Tourism Year in Beijing in February, she asked her colleague to make a footnote of the tones for each Chinese character in a sentence that she wanted to say to the audience. Later, she realized that airline business is very risky economically and went to Stanford Law School, following her father's footsteps to become a lawyer. Whereas change by decision is not only more effective, it also requires less time and fewer resources - allowing ordinary managers to take their teams in exciting new directions. It vividly illustrate how real leaders ranging from banking executives and division presidents at multinational manufacturers to sparsely funded hospital administrators and small business owners are mastering the key elements of agile execution to simply and efficiently ignite a series of "mini-revolutions" that keep their teams ahead of the curve, quarter after quarter, year after year. Dai was also chosen as a board director and deputy Party secretary at the State-owned company, which is known as Sinopec.
Guo was named as board director, general manager and vice Party secretary of the State-run company by the State-assets regulator, the State-owned Assets Supervision and Administration Commission. The move is all part of efforts to claim a larger share of what is currently the company's largest overseas market. Its flights connect 51 cities in Africa with major trading centers in five continents as well as 41 cities around the world. Moreover, as many African countries rely on exports, the falling commodity prices in the international market have greatly affected economic development across the continent. Yet internet use and broadband penetration are relatively low due to the slow development of the nation's telecom industry.
It will also establish a bonded warehouse in South Africa to sell optical fiber cables imported from its China factories to the rest of the continent. It will start operation in the fourth quarter of this year and is expected to become a base for Yangtze Optical Fibre to cover the African market. Of the more than 100 countries in these regions, only 12 have their own optical fiber cable manufacturers. Yet they have great potential for growth as operators update telecom networks to improve their fixed and mobile broadband services. The Chinese economy faces cyclical problems as well as challenges of scale, but the structural and supply-side problems are the most serious, he was quoted by China Central Television as saying.
Although economic indicators showed a mild rebound in the first quarter, the April data show the momentum of recovery has eased. Last year, a friend of hers opened a leather handbag factory but gave up half a year later.
The leather products from Chen's company are mainly used for garments, gloves and footwear. Part of the capacity of China's developed leather industry will be relocated to Ethiopia, with at least one light industry park dedicated to leather. Though there also are downstream companies, including footwear, gloves and other leather article companies, they are not very competitive and their production and exports are small, he says. Around 3,800 Ethiopian workers in its six production lines can make about 6,500 pairs of women's shoes a day. We like Huajian very, very much because it has brought many technologies to Ethiopia," Adugna says. Its headquarters is in Dongguan in China's southern Guangdong province, home to hundreds of shoe companies and related factories. Plans call for all industries related to shoemaking - including PU leather (split-hide leather coated with polyurethane and embossed), faux suede, mold making, textile, printing and packaging companies - to be included in the park, to help make end products like shoes, gloves and garments for export.
The inefficiency of new workers can result in delivery delays, and customers usually ask for delivery by air at the factory's expense to ensure the goods arrive in time, Song says.
Manufactured by China's BGT Materials, the bulb will be launched globally this month in Britain, carrying with it the potential to change the lighting industry.
It is already used by Austrian sports equipment maker Head to strengthen tennis rackets, while Italian company Vittoria uses it to strengthen bicycle tires. We've received so many enquiries," says James Baker, graphene business director at the National Graphene Institute.
It declined to comment on whether he would meet with high-level Chinese officials to talk about regulatory issues. Traders lost a lot of corporate and government clients, and this pushed vintners to shift their focus to individual consumers. This created a strange situation, in which ignorant consumers would buy high-cost wines assuming they must be good varieties. Increasing numbers of consumers buy wine for their own consumption or to share with family and friends. Sales of imported bottled wines last year rebounded to a three-year high of 395 million liters, up 37 percent year-on-year. Varieties such as sauvignon blanc from Marlborough are gaining in popularity, despite their average price being among the highest in imported wines, according to a research note by Rabobank, a Dutch company that provides food and agriculture financing and research services. Their price points and product portfolios are regularly adjusted to stay competitive in a market that is marked by a growing affinity for imported wines. They are performing better in lower-tier cities where the distribution system and consumer groups are less affected by imports than in first-tier cities and coastal cities, Winechina reports.
As the market expands, all players that offer high-quality products can hope to attract more buyers. Most people associate e-commerce with websites like Amazon, which is a business selling products to consumers. Last but not least, most people seem to overlook C2C which is consumers selling to other consumers.
Chen Yuxin, founder of closely held Sichuan Tequ Investment Co, Sichuan province's biggest animal feedmaker, has a fortune valued at more than $1 billion. He reconciled with his biological family, the Lius, in 1963 after returning to Xinjin to attend middle school, according to West Hope Group. So, once he has a family, he would choose Toyota's Sienna as it is "more cost-effective and very safe".
That was almost 7 percent of the total passenger vehicle market, just 4.67 percent less than small cars. Which is why, the roomy and comfortable MPVs are admired by young families planning to buy a car. This will likely help it to compete with established global rivals such as Toyota Motor Corp and Ford Motor Co. Prior, she had many years of experience in enterprise risk management at Washington Mutual Inc and Providian Financial Corporation. Through these stories, the reader will be able to examine the different leadership qualities that inspire smart strategies and adaptive teams. In the new role, Zhang will take over the e-commerce business of Amazon China and continue to lead the Kindle business in China. Every day, the company operates 240 flights from its hub in Addis Ababa, with 76 aircraft in service.
The country depends on imports when it comes to packaging and chemicals for leather processing as well, says Yigzaw Assefa, managing director of Bahirdar tannery. They will benefit from free trade tariff agreements between Ethiopia and European countries and the US. For another, they were not very knowledgeable or informed about wine, so were easily confused by the many brands that entered the market. Conversely, even if good-quality wines carried lower price tags, consumers would not buy them as they presumed they must be of poor quality, Bevis says.
The company says it adjusts its prices and products to keep them in a range that is attractive to an increasing number of consumers. Actually e-commerce encompasses any kind of transaction that is completed over the Internet.
Examples of C2C sites include auction sites and online marketplaces for things such as crafts.
This takes them to a checkout page asking for their information such as billing information, ship to address, credit card or other form of payment information. Amazon China's current president Doug Gurr will return to Amazon UK as the country manager.
Frydrych joins Home Credit Group from Eldorado, the nation-wide Russian chain of electronics and home appliance stores, which he led as CEO. If the Chinese come, they will have plenty of advantages and they will be more competitive than they can be in China," says Assefa at Bahirdar tannery. This includes selling tangible products, downloadable products such as ebooks or software, subscriptions to membership programs or services. Guo will continue to perform in his role at MCC, according to a separate statement on MCC's website.
Zhang graduated from the University of Washington with a bachelor's degree in electrical engineering in June 1993. He has served as senior vice president and chief financial officer of Hong Kong-listed unit of China Petroleum & Chemical Corp since 2006. Prior to joining Eldorado, Frydrych spent several years as a partner at Adastra Business Consulting, while being the CEO of its IT consulting arm at the same time. Before joining Amazon, Zhang worked for Intel and held positions related to strategy and branding. From his former position at Adastra, Frydrych provided consulting for numerous major clients, including Home Credit, Citibank, HSBC, Unicredit, Sberbank and Raiffeisen Bank. Over the past three years, Zhang was in charge of the strategy and development of Amazon's Kindle in China and introduced the full Kindle product lines into this marketplace.



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