Page 7 - SCBJ-201601&02
P. 7
January & Feburary 2016
China’s High Technology overseas acquisitions made by companies expanded 5.6 percent year on year in
Manufacturing Industry Fueled that are engaged in high-tech equipment October, slightly down from 5.7 percent
by Government Support sectors, including railway, energy and in September due to a slowdown in the
agriculture, by offering financial support. country’s mining and energy sectors.
China’s top two high-speed train Along with the release of the statement, Specifically, manufacturing output
manufacturers, the CNR and CSR Corp, the NDRC mapped out a two-year grew by 6.7 percent, whereas mining
were merged into the world’s biggest plan to boost the development of six output growth further dropped to 0.4
firm CRRC Corp earlier this year, a big industries: railway transport equipment, percent from 1.2 percent in September.
step towards a bigger share in the global high-tech marine equipment, industrial Meanwhile, the output of the electricity,
market. Meanwhile, China’s two biggest robots, electric cars, modern agricultural heating, gas and water sectors lost 0.3
rail equipment manufacturers have machinery and high-end medical devices. percent. The country’s state-owned
reported a net profit of RMB 5.32 billion enterprises are still struggling to
and RMB 5.49 billion, respectively, in An Overview of China’s October make profit with weak performance in
2014, up 28 and 33 percent. Following Industrial Output industrial output. China’s inland regions
the merger, the Chinese government saw local industrial output growth of
announced a so-called “Made in China According to the data released by 7.7 percent in October, followed by 7.6
2025” strategy in May this year, which put China’s National Bureau of Statistics, percent in western areas and 6.5 percent
an emphasis on high-tech manufacturing China’s value-added industrial output in eastern areas.
industries ranging from space, renewable
energy to bio-engineering.
China’s high technology manufacturing Since its establishment in 1992, Dezan Shira & Associates has been guiding foreign clients
industry has seen massive development through Asia’s complex regulatory environment and assisting them with all aspects of
in the last five years. In 2013, the total legal, accounting, tax, internal control, HR, payroll and audit matters. As a full-service
profits of China’s high technology consultancy with operational offices across China, Hong Kong, India and emerging
manufacturing industry totaled RMB ASEAN, we are your reliable partner for business expansion in this region and beyond.
723.37 billion, up 165.5 percent compared
with that in 2008. China’s National For inquiries, please email us at info@dezshira.com. Further information about our firm
Development and Reform Commission can be found at: www.dezshira.com.
(NDRC) made a statement to encourage
5
China’s High Technology overseas acquisitions made by companies expanded 5.6 percent year on year in
Manufacturing Industry Fueled that are engaged in high-tech equipment October, slightly down from 5.7 percent
by Government Support sectors, including railway, energy and in September due to a slowdown in the
agriculture, by offering financial support. country’s mining and energy sectors.
China’s top two high-speed train Along with the release of the statement, Specifically, manufacturing output
manufacturers, the CNR and CSR Corp, the NDRC mapped out a two-year grew by 6.7 percent, whereas mining
were merged into the world’s biggest plan to boost the development of six output growth further dropped to 0.4
firm CRRC Corp earlier this year, a big industries: railway transport equipment, percent from 1.2 percent in September.
step towards a bigger share in the global high-tech marine equipment, industrial Meanwhile, the output of the electricity,
market. Meanwhile, China’s two biggest robots, electric cars, modern agricultural heating, gas and water sectors lost 0.3
rail equipment manufacturers have machinery and high-end medical devices. percent. The country’s state-owned
reported a net profit of RMB 5.32 billion enterprises are still struggling to
and RMB 5.49 billion, respectively, in An Overview of China’s October make profit with weak performance in
2014, up 28 and 33 percent. Following Industrial Output industrial output. China’s inland regions
the merger, the Chinese government saw local industrial output growth of
announced a so-called “Made in China According to the data released by 7.7 percent in October, followed by 7.6
2025” strategy in May this year, which put China’s National Bureau of Statistics, percent in western areas and 6.5 percent
an emphasis on high-tech manufacturing China’s value-added industrial output in eastern areas.
industries ranging from space, renewable
energy to bio-engineering.
China’s high technology manufacturing Since its establishment in 1992, Dezan Shira & Associates has been guiding foreign clients
industry has seen massive development through Asia’s complex regulatory environment and assisting them with all aspects of
in the last five years. In 2013, the total legal, accounting, tax, internal control, HR, payroll and audit matters. As a full-service
profits of China’s high technology consultancy with operational offices across China, Hong Kong, India and emerging
manufacturing industry totaled RMB ASEAN, we are your reliable partner for business expansion in this region and beyond.
723.37 billion, up 165.5 percent compared
with that in 2008. China’s National For inquiries, please email us at info@dezshira.com. Further information about our firm
Development and Reform Commission can be found at: www.dezshira.com.
(NDRC) made a statement to encourage
5
