Business Tianjin Magazine - Business English Magazine in China
Thursday, 28 April 2011 14:23
Tianjin Port (600717) recorded a 40.26 percent year-on-year increase in first-quarter net profits to 221 million yuan, reports 163.com, citing a company filing. Sales revenues rose 11.07 percent to 2.8 billion yuan and earnings per share hit 0.13 yuan, up 44.44 percent.
According to China International Capital Corporation, China’s container throughput and cargo throughput respectively grew 13 percent and 14 percent in the first quarter.
Written by Administrator
Tuesday, 07 April 2009 10:35
||About Business Tianjin
Business Tianjin is the only English language business journal in Tianjin. You can depend on it as a prime, reliable source of information concerning Tianjin's socioeconomic development, Summer Davos, trends in foreign and domestic investment, financial affairs and its booming service industry sector. Well illustrated and complete with economic and trend analyses given by experts, Business Tianjin is an indispensable guide for international businesspeople working in Tianjin.
● Long stay foreign businesspeople in Tianjin
● Short stay business professionals who visit Tianjin
● Overseas businesspeople who would like to invest business in Tianjin
● Chinese business leaders and local governmental leaders who are proficient in English
Size: 16K international standard
Business Tianjin directly mails complimentary subscriptions to top executives in foreign invested enterprises in Tianjin and Binhai New Area, decision makers and top executives from local enterprises, and top government officials every month. A directly mailed readership base of more than 80% senior executives ensures that the magazine provides the most cost effective advertising medium for those looking to reach decision makers in Tianjin. The magazine is also distributed at selected venues that offer high visibility, including Binhai International Airport, the Tianjin Chambers of Commerce, 5 star hotels in Tianjin and Binhai New Area, office buildings, business clubs and organizations, international schools, universities and recreation spots. Business Tianjin also directly mails to national chambers of commerce and embassies in Beijing.
China Real Estate
Tuesday, 06 July 2010 13:39
Minister's remarks 'reflect govt's resolve to cool property market'
BEIJING - Property prices are likely to start falling in the last quarter of the year as tightening measures for the sector continue, officials and analysts have said.
Dropping sales volume and stagnant prices could lead to a deeper price slump in the market, Minister of Land and Resources Xu Shaoshi said on Sunday.
"In about three months, the property market will probably reach a comprehensive correction and prices will fall in some areas. But it's hard to predict the extent of the price drop, which may vary from city to city," Xu was quoted by China News Service as saying at a conference in Dalian, Liaoning province.
The ministry will strengthen property management and clear up idle land to ensure land supply for affordable housing, he said.
Xu's latest remarks reflect the central government's resolve to curb excessive property prices, said Grant Ji, director of real estate service provider Savills (Beijing).
In late June, the Ministry of Housing and Urban-Rural Development held a forum in Qingdao and pushed for an individual housing information system to supervise mortgages and stem speculative activities in the housing market.
Similarly, Hu Cunzhi, chief planner of the Ministry of Land and Resources, said at a recent forum that the government will raise the threshold for developers to bid for land, asking them to set aside money that is 30 percent of the land's bottom price - as compared to 20 percent previously - during the bidding process.
"All these measures are aimed at managing people's expectations - the price will fall, as an expectation for loosening policies will lead to a strong rebound in prices," Ji said.
Since April, the government has launched a slew of measures to cool down the sizzling property market, including tightening bank lending as well as hiking down-payment and mortgage rates for second-home buyers.
Property sales volume has since plummeted, but prices remain stable.
Realty prices in 70 major cities nationwide rose 12.4 percent year-on-year in May, compared to the record 12.8 percent hike in April, figures from the National Bureau of Statistics showed. The month-on-month increase was 0.2 percent in May, compared with 1.4 percent in April.
Many people had expected housing prices to drop. According to a recent survey by China Index Academy, of the 964 Beijing homebuyers polled, 39.2 percent expected a slight drop in realty prices, while 19.8 percent anticipated a steep fall. Only 2.5 percent of those polled believed prices would continue rising.
Half of the respondents also believed that government policies were well enforced, compared to less than 20 percent of respondents in the first quarter. Only 8.3 percent of those polled said they would immediately buy a home, compared to nearly 18 percent in the first quarter.
"The housing agency next to my company has had much fewer visitors in recent weeks," 24-year-old Beijinger Wang He said.
"I believe housing prices will come down if the government really wants it to."
A substantial price adjustment may come in the fourth quarter, when property developers' cash flow tightens after slow sales and increasing difficulty in obtaining financing, said Lin Lei, marketing chief of US-listed real estate brokerage Century 21st.
"Property developers' best solution is to cut prices before more stringent policies are rolled out," Lin said.
China Real Estate
Tuesday, 29 June 2010 10:33
June 29 (Bloomberg) -- China’s property stocks, led by China Vanke Co., may rebound after a property consultant agency said Shanghai’s new home sales increased last week. China’s stock-index futures rose, signaling gains for equity benchmarks.
Futures on the CSI 300 Index expiring in July, the most active contract, added 0.1 percent to 2,742 as of 9:16 a.m. local time. TCL Corp., China’s biggest publicly traded consumer- electronics maker, may rise after saying it will receive as much as 210 million yuan in subsidies from the Shenzhen government. PetroChina Co. and Jiangxi Copper Co. may decline among commodity producers as oil and copper prices dropped.
“Valuations of property stocks are attractive now and home sales have shown signs of sustaining a rebound,” said Wei Wei, an analyst at West China Securities Co. in Shanghai. “Given the two factors, property stocks deserve to rise.”
The Shanghai Composite Index, which tracks the bigger of China’s stock exchanges, dropped 17.54, or 0.7 percent, to 2,535.28 yesterday. The CSI 300 Index fell 0.7 percent to 2,716.78. The Shanghai gauge has dropped 18 percent in the second quarter, adding to a 23 percent decline this year, on concern government measures to rein in housing prices and the European debt crisis will damp economic growth.
Shanghai’s new home sales gained 65 percent in the week ended June 27 from the previous week to 107,000 square meters as some property developers cut prices to promote sales, consultant Shanghai UWin Real Estate Information Services Co. said in an e- mailed statement.
Chinese stocks will probably stay “range-bound” pending clarity on policies and the economy, Shen Minggao, head of China research at Citigroup Inc., said in a report obtained today.
China’s exports face “strong headwinds” in the second half of the year from policy tightening measures and the European debt crisis, reducing prospects of a rebound in the stock market, Citigroup said.
“While low valuations are attractive in the near term, risks lurk in terms of earnings downgrades or policy reversal,” Shen said. “Macro policies remain directionless.”
Loan growth will slow to 18 percent by the end of the year from 21.5 percent in May, Shen said. This will be a drag on money supply growth and “weigh” on the stock market, he said.
Yunnan Yuntianhua Co. may rise after the company said it expects to report net income for the first half compared with a year earlier loss after sales and the prices for fiberglass increased during the period and production stabilized.
Tuesday, 07 December 2010 09:48
One of the widely recognized aspects of China's modernization process in recent years has been the fast development of the highway system. Twenty years ago, there were virtually no highway in China. Now China has 65,000 kilometers of highway and will exceeds that of the US in two or three years.
But I have a love-hate relationship with China's highway system after taking to the road many times. To drivers, China's highway system is probably the world's most expensive with "here toll, there toll, everywhere toll toll."
For example, transporting a large container from Guangdong Province to the Beijing-Tianjin area involves paying toll fees of somewhere between 4,000 to 6,000 yuan ($600-900), depending on tonnage. This actually makes transporting the same container from Chicago to Beijing-Tianjin area via sea freight shipment even cheaper. When moving things around the country is more expensive than moving things halfway around the globe, you know there got to be something wrong.
One doesn't have to drive on highways for long to notice that the system is obviously inefficient. Many highways in China don't see much traffic during the day.
While Chinese can feel proud that our country is the king of the highways, it is quite another feeling to consider that the steel, concrete and labor that go into highway construction will have to be ultimately paid by the vehicles that go through, and there just aren't enough of them. That means a high toll rate is inevitable.
Now I understand highways are expensive to build and the investment has to be recouped via toll collection. OK, you pay for what you get. But how much of the collected toll revenue goes toward paying back highway construction loans is very much in doubt. Has the whole thing become a scheme for meaningless job creation?
In China, collecting toll fees is a very well paid job, and in some cases pays better than a full professorship. I assume receiving cash and handing out a ticket doesn't need much education, right? It certainly can't be more stressful than migrant workers pouring concrete on the road under the sun.
And then there are those obvious wastes and excesses at the toll booths. China not only has the longest mileages of highway in the world, it also has the world's most beautiful and most expensive toll booths. Every time I drive by a toll booth and see a nice office building nearby for the so-called management staff, I can't help thinking of the AC/DC song "Highway to Hell!"
China's highway system is also Balkanized in a way that adversely affects inter-province commerce. Since the administration power of highway systems lies at the provincial level, each province builds its own road and its own toll booths. This has created bizarre situations at highway provincial borders where two respective toll booths belonging to each province lie literally within a few hundred meters of each other, each collecting its own money. The ensuring traffic jams don't matter as long as the cash registers ring.
Traffic jams caused by toll booth delays are notorious in China. According to traffic law, when the line of waiting traffic is over 200 meters long and when all lanes at the toll booth are not fully open, drivers have the right to pass free. I have certainly run into such situations many times, and I have never enjoyed such a free ride.
And then there are the real free riders, whose costs have to be ultimately paid by ordinary citizens. For people in military vehicles, ambulance, fire-engines, and other men and women putting their life on the line to protect us citizens, I have no grudge against them saving a few yuan on the road. But for those high-ranking government official free riders who proclaim they are citizens' civil servants, I say, "We hold these truths to be self-evident …"
A radio host in the US once said, "Thanks to the Interstate Highway System, it is now possible to travel across most of the country from coast to coast without seeing anything."
The statement is bitterly sarcastic. But it is indeed true that it is possible to travel across the country in the US without paying anything. Will this ever be possible in China?
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