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Has China JUST Become The Worlds Biggest Economy?

Posted: January 9th, 2017 | Author: | Filed under: Business News, China, Indeep Media, Socially Engineerd | Comments Off on Has China JUST Become The Worlds Biggest Economy?

Has China JUST Become The Worlds Biggest Economy

By some measures, China is already considered the world’s largest economy. According to a report released last year by the International Monetary Fund that compared international economies by adjusting for exchange rates and purchasing power, China’s economy had already surpassed America’s as the world’s largest.

The Chinese economy is currently worth $US21.3 trillion, just nudging out the International Monetary Fund estimates for the US economy of $18.1 trillion.

This is the first time since 1872 – when the US took the mantle from the UK – it has been knocked off the top spot :: Read the full article »»»»


Trading with China? Australia China Business Week, an event not to be missed.

Posted: October 28th, 2016 | Author: | Filed under: Business News | Tags: , , , | Comments Off on Trading with China? Australia China Business Week, an event not to be missed.

ACBW 2016 Sydney is a must attend event for SMEs executives and business owners wanting to develop or refine their China strategy.

Forum and Function :: ACBW Keynote Lunch and Forum

PM Turnbull Presents ACBW 2016 Keynote AddressThe Hon Andrew Robb AO, the man that Macolm Turnbull dubbed the “best Trade Minister in Australia’s history” for his role in concluding the decade-long ChAFTA negotiations is this years Australia China Business Week keynote speaker. for the previous two years Prime Minister Turnbull himself gave the keynote speech.

The Function ACBW Lunch will feature a high profile panel with Minister Aryes MP, Minister for Trade, Tourism and Major Events, China’s Consul General Gu Xiaojie as well as industry leaders, moderated by Mark Hawthorne, Editor at Large for Fairfax Media. Corporate tables are available for the event, as are individual bookings, the mix of attendees is a great reflection on the diverse interest in our two nations share.

The lunch allows delegates, VIP guests, and sponsors to network, hear from unique high-profile keynote speakers. Through case studies, keynote speeches and panel discussions the ACBW Keynote Luncheon offers a unique and valuable learning opportunity for those seeking to expanding into the China market.

The forum will run over two days, as a series of seminars bringing together industry professionals, business and government leaders to discuss valuable insights into the trends shaping our largest trading partner. The opportunities that our two nations might provide for Australian companies, the changing relationship between Australia and China and the implications for businesses operating between our two nations. The ACBW agenda is designed to encourage interactive discussion.

The brains behind this event – Australian Business Forum – ABF, provides a platform for Australian business to engage and form relationships in Australia China. Targeting Australian companies either currently engaged or looking to enter the China market, ABF has created a wide range of initiatives across its platform to facilitate Australian-Chinese engagement. ABF is an organization dedicated to strengthening business ties between Australia & China with a strong focus on enabling Small & Medium Enterprise – SMEs – to effectively engage with Chinese investors, the Chinese marketplace :: Read More >>


China plans on adding more than 300 million skiers to the dwindling sport

Posted: October 28th, 2016 | Author: | Filed under: Business News | Tags: , , , , | Comments Off on China plans on adding more than 300 million skiers to the dwindling sport

China plans on adding more than 300 million skiers to the dwindling sport

Skier participation in China is set to soar, with the announcement that Beijing will include ice and snow sports as a compulsory part of the primary and middle school curriculum. Under a plan outlined by municipal authorities at the recent 2016 Winter Sports Expo in Beijing, students will dedicate at least one hour per week to the program.

So exactly how big a deal is adding 300 million skiers to the world? Perspective please people! The world currently has about 125 million skiers, and that number is dwindling rather rapidly.

The move will play a key part in realising President Xi JinpinÅg’s recently revealed desire to grow the country’s estimated 15 million skiers to 300 million by Beijing 2022, it will also give a large boost to the international ski population, actually, it will triple it.

Sun Xuecai, director of the Beijing Sports Bureau, also revealed the government’s plans to build ski resorts in Beijing’s suburbs and and ice rinks in six downtown areas. In addition, it will subsidise participation and competition costs for sports like skiing and hockey, which are generally considered too expensive for families earning an average income.

These large scale changes are likely to cause major shifts in the global ski environment. In a 2016 International Report on Mountain Tourism published by Laurent Vanat, China was recognised as one of the key prospects for growth between now and 2020, along with other locations in Asia and Eastern Europe including South Korea, Japan, Bulgaria and the Czech Republic.

As well as the obvious Winter Olympic Motivation, is it possible that President Xi is being overtly patriotic? After all, the Chinese did invent skiing, didn’t they?

In 2006 Chinese researchers stumbled upon cliff paintings of hunters in rugged remote northwestern China appear to prove that Chinese were adept skiers as early as the Stone Age, Xinhua said Monday :: Read More >>


‘Breaking Bad’ Chemistry Professor Arrested for Selling Drug Recipe in China

Posted: May 26th, 2015 | Author: | Filed under: China, CRIME! | Tags: , , , , , , , | Comments Off on ‘Breaking Bad’ Chemistry Professor Arrested for Selling Drug Recipe in China

China NewsA former chemistry professor has been arrested by Chinese police on suspicion of selling a drug recipe to a gang which cooked up synthetic narcotics, state media reports.

The 50-year-old former academic surnamed Lu had “a set of recipes for producing methcathinone”, a drug similar to methamphetamine, which he provided to dealers.

Amphetamine labs are growing at an alarming rate, a Chinese police raid on the house of two methcathinone dealers in 2011 uncovered a pile of 80 million yuan, $AU13 million, in cash.

In Australia Amphetamine arrests have nearly double in past five years, according to Crime Commission’s Illicit Drug Data Report. Trade workers and those in the hospitality industry are among the biggest users of the drug according to an analysis of national drug data.

Lu “worked as a professor of chemistry at a university” in Xian, the capital of the northern province of Shaanxi, before teaming up with a drug manufacturer surnamed Chen in 2013 :: Read the full article »»»»


Australia to Sign-up For China-based Asian Infrastructure Investment Bank

Posted: March 28th, 2015 | Author: | Filed under: Business News | Tags: , , , , , , | Comments Off on Australia to Sign-up For China-based Asian Infrastructure Investment Bank

Australia to Sign-up For China-based Asian Infrastructure Investment BankThe Australian Federal Government will sign a memorandum of understanding that will allow Australia to participate in negotiations to set up the $100 billion China-led Asian Infrastructure Investment Bank – AIIB.

The Beijing-based bank was launched late last year and is designed to help finance development projects like road, rail and power infrastructure in the rapidly growing Asian region.

More than 20 countries have signed on as founding members.

In the past month, major Western powers including Britain, France, Germany and Italy have also announced their intention to join.

Australia had resisted joining, but a joint statement from Prime Minister Tony Abbott, Foreign Affairs Minister Julie Bishop and Treasurer Joe Hockey said the Government would sign the MOU that would allow Australia to participate as a prospective founding member :: Read the full article »»»»