Search Results for: Mandarin

Seizures of contraband cosmetics have become an increasingly common sight on local TV in China. A recent case in point (this March – 2016) saw 1,488 boxes of South Korean cosmetics seized from a forty-foot container in the east coast port city of Qinhuangdao, about 300km east of Beijing.…

TO discover the best intelligence on money laundering, sometimes it is best just to ask the money launderers. Take China. There are numerous ways of getting dirty money out of China. The most common include smuggling a satchel of banknotes to Hong Kong (where Chinese Yuan Renminbi (CNY) is convertible), where it is washed through an over-priced (for quick transaction) purchase of real estate in the city, several Hong Kong real estate agents told the Money Laundering Bulletin.…

Rising incomes and a continued tightening of food safety enforcement is boosting demand in China for commercial packaged oils, with consumers moving away from the bulk oils that have dominated past markets.

Overall, while year-on-year growth in global oils and fats production has averaged 3% in each of the past two years vegetable oils sales in China will rise an average 16% per year in the period 2014-2018.…

Product lifecycle management (PLM) systems help apparel companies share information more efficiently and plan for future lines more accurately as time-to-market shrinks.

Software such as the WFX Cloud PLM helps speed up companies’ processes from product concept and design to delivery at stores, said Jatin Paul, CEO of WFX (World Fashion Exchange).…

A potential bonanza of new projects may be offered to Chinese construction companies following the set-up of a new development bank with lots of cash for infrastructure projects. This July marked the launch of the so-called ‘BRICS Bank’, a new multilateral development bank, operated by Brazil, Russia, India, China, and South Africa.…

THERE are few brands as recognisable to Chinese consumers as the ‘Golden Dragon Fish’, the ‘Jin Long Yu’ in Mandarin, which adorns the tubs of cooking oil and bags of flour and rice in supermarkets across the country. The brand is owned by Singapore-based conglomerate Wilmar, a one-time trading house which has come to increasingly invest in downstream and upstream elements of the oil palm and soy industries.…

EUROPEAN Union (EU) and Canadian confectioners can look forward to increasing their trans-Atlantic trade once a new free trade agreement between the EU and Canada comes into force, probably in 2015.

The EU-Canada Comprehensive Economic and Trade Agreement (CETA), announced on October 18, will remove most tariffs for confectionery and sweet bakery products imposed by both sides on each other’s exports.…

EUROPEAN Union (EU) regulators are tangling with the difficulty of tightening rules-of-origin for meat products, given the potentially significant number of manufacturing stages required. The European Commission and European Parliament have been considering their response to the horse meat labelling scandal.…

THE SINGAPORE government’s much lauded change of gears from running an economy known for its efficiency to one where innovation also plays a key role has been illustrated in a new education services export initiative, targeted at China.

The city state’s trade promotion agency IE Singapore (IE for international enterprise) signed in January a memorandum of understanding with seven local leading training and educational institutes and universities to form what it calls a Singapore Talent Development Alliance (STDA).…

BY WANG FANGQING, IN SHANGHAI

THE DEMAND for natural ingredients-based skin care products has been growing so fast in China that both multinational and domestic cosmetics companies are pouring new products onto the market to attract consumers, both men and women, with different levels of income.…