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The free trade zone mania has spread from Shanghai to Guangdong province. Late last year, the provincial authorities floated a grand scheme to establish a free trade zone in the prosperous Pearl River Delta region by combining the strength of Guangzhou, Shenzhen and Hong Kong.

Previous Page,Ãâ²¥·ÅÆ÷¿´Æ¬µ¼º½Besides causing many headaches in Hong Kong, rampant illegal parallel trading also disrupts normal operation of many services on the mainland. Some parallel traders hide restricted import items in ordinary consumer goods to avoid paying import duties: cigarettes, spirits, cosmetics, mobile phones, digital cameras, computers, auto parts and certain high-tech products. These goods typically are considerably more expensive on the mainland because of high tariffs. Thus the smuggling of these goods costs the government millions, if not billions of dollars in lost tax revenue, apart from hurting imports through regular channels and upsetting the market order.

1 2 Next PageComments Print Mail Large Medium Small,Although China is a large country, there are obvious drawbacks to such a system. For example, land can generally only be sold once (or at least infrequently - land leases are typically of 40 to 70 years in duration). In some eastern locations in China, where the development processes are more advanced, governments are already running low on land.,Some people think China should speed up appreciating its currency to help the country reduce its reliance on export and investment and to boost consumption, Choyleva said. But things have changed in China as letting renminbi appreciate is not the way out for changing China's unbalanced growth model, but may lead to bad results.

The significance and likely continuation of China as the world's leading goods trader shouldn't be underestimated. It's yet another milestone in China's miraculous economic emergence over only a 30-year period. And it brings China ever closer to the role of global economic superpower, even though it's still called an "emerging" economy.,German and Japanese industry reached the highest quality standards for many reasons, but one of the most important factors was the ever-demanding nature of their domestic market consumers.,Regulation is still in its infancy with multiple regulators that are sometimes in contradiction or overlap.

He added that he has proposed twice at the EU Council that a new approach is needed, and opening a problem-solving session between the EU and China was necessary.,ÀîÁáÓñµÄÂãÌå»ÆƬThe author is vice-president and country manager for China, Forrester Research Inc.Comments Print Mail Large Medium Small,"These are insights and experiences of Chinese entrepreneurs born and bred in China," Zhao Yanchen says. "I think it gives a fresh, Eastern perspective to Western business people, including those doing business with Chinese entrepreneurs."

China's gross domestic product accounted for 9.5 percent of the world's total GDP in 2010, but its energy consumption was tantamount to 2.25 billion tons of oil, 4 percent higher than the United States.,Nonetheless, China's further development would be felt differently in different economies because the proposed reforms would shift the country's economic growth model; a greater role for the market would see resources being channeled away from capital-intensive heavy industry toward households. This means growth in investment spending would slow down, while consumer spending would benefit.,Some GPs are pushing for earlier stage deals in the hopes of hitting the jackpot. And the rule of the thumb is the earlier the deal is done, the higher the uncertainties. One may be lucky to hit a jackpot once or twice, but no GP's long-term success is built on that kind of luck.