Business in China / China Foreign trade
Today, products bearing the word “Made in China” can be seen everywhere across the world.
Over 50% of Cameras, 30% of Air Conditioners and Television sets, 25%of Washing Machines and nearly 20% of refrigerators sold worldwide are made in China.
China seeks to boost its foreign trade relations with different countries, seeking economic and political reform. As China is establishing a stable and transparent economic management system involving foreign countries, and creating a fair and foreseeable legal environment.
Foreign Trade Law of China Click here for more details: (www.mofcom.gov.cn)
Tools of Chinese International Foreign Trade:
China Council for the Promotion of International Trade (CCPIT) (http://english.ccpit.org ) The CCPIT is the most important and largest institution for the promotion of foreign trade in China.
The CCPIT activities are:
To operate and promote foreign trade
To use foreign investment
To introduce advanced foreign technologies
To promote the development of economic and trade relations between China and other countries and regions around the world.
To promote the mutual understanding and friendship between China and Peoples from all nations around the world.
The CCPIT comprises VIPS, Enterprises and organizations representing the economic and trade sectors in China.
With the approval of the Chinese government, the CCPIT started to adopt a separate name “China Chamber of International Commerce” (CCOIC)- in 1988, which is used simultaneously with the CCPIT. The CCPIT admits new members from among enterprises in all parts of China and promotes trade through its functions of information consultation, exhibition, legal assistance, etc.