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5 Reasons Why 2016 is the Best Year to Import

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Answers: China’s Economic situation
The first few weeks of 2016 did not deal China’s economy a favorable hand. Following a drop in the markets and the slight loss in value of the yuan, the world is waiting and watching for an economic bandage that will remedy the problem. Is there a solution for relief? 

China’s economic headache … what is the relief?

The first few weeks of 2016 did not deal China’s economy a favorable hand. Following a drop in the markets and the slight loss in value of the yuan, the world is waiting and watching for an economic bandage that will remedy the problem. Is there a solution for relief? 

http://www.forbuyers.com/news/notice/2016-01-08/25634.html

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Do you fully understand China’s economy and markets?

Many people, businesses, and groups are closely tied to China through importing, investing, or business relationships. It’s essential for you to fully understand how China’s economy and markets work. To increase your knowledge on this matter, let’s look at some recent Chinese economic changes, past economic policies, and the future goals of this country.

New Market Techniques:
At the first of the year (2016), China tested a new market-wide circuit breaker system which is triggered if there is a sharp and fast decline in market shares. There are two triggers points. If the market experiences a 5% decline (a decline of CSI 300), there will be a 15 minute pause in trading. Investors cannot buy or sell for 15 minutes. The second trigger takes place if there is a 7% drop. If such a drop is experienced, the market will automatically close for the day. Among other reasons, this system was adopted to make the Chinese economy more stable and dependable.

The 5-year Plan
In 1955, China adopted a system that divided the operation of the economy into 5 year time frames. These five year economic development plans allow economic leaders in the central government to set goals, monitor, evaluate the economy, and create policies to meet these goals. This year (2016) marks the first year of the 13th economic development plan. During this next 5 years, leaders will encourage organizations toward modernization through the use of new technologies and creating innovations.

Exporting
In 2010, China became the world’s largest exporter; currently electronics and machinery make up 55% of these total exports. Clothing makes up about 13% of all exports with construction equipment and materials accounting for 7%. Since it’s accession into the World Trade Organization in 2001, from 2002 to 2008, China experienced an average of 26.9% export growth annually. Due to world economic conditions, loss of demand, and rising labor costs, these percentages have fallen to single digits in recent years.

Past to Present
In 1978, China moved from a closed, centrally planned system to a economic structure (where the government collected and allocated the spending of businesses and projects), to a more open market-oriented economy. Since that time, the country has experienced increases of up to 10% in GDP, bringing the economy from 9th in world, to 2nd in less than 35 years. China is currently the largest exporting country in the world. Currently, China’s leadership is facing new challenges, including an aging population, a shrinking export market, and rising labor costs. Late 2015, President Xi Jinping laid out a new plan (called supply-side reform). Rather than focusing on bailing out struggling/failing companies, Xi hopes to take another angle. He hoped to confront these economic uncertainties through cutting housing inventories and business costs, streamlining administrative processes, and reducing government debt over the next 5 years.

Future Goals
In 2021, China will celebrate the 100th anniversary the Chinese communist party. Xi Jinping hopes to make the Chinese economy number one in the world by 2021, highlighting the success of the communist party.

Forbuyers.com is the world’s largest b2b platform for industrial products and materials. We focus on offering services, suppliers, and products that fit your industrial and retailing needs.
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forbuyers.com】In only a few short years, the economies of the world have witnesses a drastically changing trend which directly affect not only the profitability of your business now, but also your business’ potential in the future. This trend is partially brought on by a rapidly changing retail landscape fed by a growing digitally-connected base of consumers. http://www.forbuyers.com/news/notice/2015-12-16/25613.html
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