China’s manufacturing industry: a great need to innovate and automate

China has historically employed its massive population in factories to manufacture goods for the rest of the world. However, rising wages and many more reasons pushed companies to consider alternate regions for manufacturing, such as Vietnam. That led Chinese President Xi to call for a robot revolution in manufacturing to boost productivity. China needs to [...]

Investment in the Chinese market: is it better an apartment or an innovative start-up?

Three-million-people metropolises are the new frontier of Chinese development. According to the forecasts, the future increase of the population will be concentrated there, with growth rates of 2.5% per year from now to 2030. Two main population flows converge on these cities: one from the surrounding countryside and one of migrants coming from bigger cities [...]

How to communicate and do business with China in 2018

An analysis of the evolution of major and new forms of messaging: are they ready to enter the business world?   Email was once the most used method to hold a conversation. Even if it is still a primary tool to communicate with friends, colleagues or business clients, over the past several years, the proliferation [...]

The Chinese middle class is getting richer

Approximately three billion people, coming from the 17 most important emerging countries, will join the middle class in 2050. The rapid growth of the Chinese middle class, which began in the early 2000s, has led to a steady increase of Chinese consumers’ spending. The boom is occurring and today’s many signs show that the investment [...]

The Inverse Trend of China’s Workforce

China needs more children or the country will lack of workers. The Chinese government is considering whether to eliminate the limit to the number of children that a couple can have to reverse an unexpected trend.   Since 2012, Chinese President Xi Jinping has gradually loosened population controls. The infamous one-child policy, introduced in 1979 [...]

China Startup Effect

If you think both to business and innovation, it is impossible not to mention the word STARTUP. Furthermore, on an international scale, startup recalls two locations: Silicon Valley and, recently, China.   Over the past 10 years, the Chinese economy has managed to reach a very prestigious position, behind the United States, regarding new businesses. [...]

China wants to DRIVE GREEN!

China is driving down a new road after emerging at the forefront of the New Energy Vehicles market.   Because of its strong economic growth and considerable effort to get vehicles powered by non-traditional fuel, such as electric and hybrid cars, off the ground, Chinese production and sales of new energy vehicles (NEV) is evolving [...]

Manufacturing in China: Should I Stay or Should I Go?

The Chinese government and the manufacturing industry have set many strategic objectives to upgrade the sector. However, China is still state-led rather than been pushed by a rising middle class. The Purchasing Managers’ Index (PMI), which is published by the National Bureau of Statistics, rose to 51.5 in March compared with 50.3 in February and [...]

Revision of the Administrative Measures for Agency Bookkeeping and Standardization of Basic Work of Accounting (修改<代理记账管理办法><会计基础工作规范>的决定)

Since 2016 the Chinese Ministry of Finance has issued 27 documents, including 5 documents to promote the development of Management Accounting Guidance System(MAGS), in order to adapt the actual needs of management accounting practice. In fact, strategic management, budget management and risk management had been widely used by most modern enterprises even by many large-scale [...]

Manufacturing, a major cooperation sector for both Italy and China to remain at the forefront of the global economy

The following article is part of the conclusions of a document written by AsecorpChina’s current Intern. The main paper, Luca Masoero’s Bachelor Degree Thesis for Tongji University Shanghai, is a comparison between the Roadmap of the Italian Cluster “Fabbrica Intelligente (Intelligent Factory)” and the Chinese Plan “Made in China 2025” to stress similarities and distinctive [...]