China replaces Germany to become world's largest exporter

Via Tony Tsai - "China replaces Germany to become world's largest exporter; US experts: Chinese companies are not powerful on their own:  China has replaced Germany to become the world's largest exporter in 2009, according to a Wall Street Journal report citing data from Global Trade Information Services. Scott Kennedy, a China expert and political scientist at Indiana University, says that the high volume of China's exports "is not speaking to how important and powerful Chinese companies are on their own" because 60% of China's exports were generated from foreign-controlled enterprises. [ifeng.com, 2010.01.06]"

China - Zero Taxation on Exports?

Friend and colleague Mr. Tony Tsai, currently Chief Executive Officer - BHG Retail Innovation Institute and Executive VP Operations - The BJ Hualian Hypermarket Co. forwards impactful business news from China:

"Liao Xiangqi and Zhang Zhigang, former vice directors of the Ministry of Commerce, and Zhang Xiaoji, director general of the Foreign Economic Relations Department of Development and Research Center under the State Council, put forward a joint proposal about further expanding the product range covered by the export tax rebate and making zero export duties a reality. Chinese export-oriented companies account for 40% of total employment. If 10% of them close, approximately 10m people would lose their jobs. If the government hopes to increase employment, it should ensure the growth of the export market."