By | 2008-03-08 00:00:00

 Financing reception, sponsored by Ebseek Tech. Co. Ltd. (www.chinafastener.com) successfully, was held in Chao Shan Yuan Hotel, Shanghai city, on April 19, 2007, and supported by the leaders of China Fastener Association, the boards, the general managers and the representatives of International Fastener Purchase Association, major media industry and exhibition charge. Nearly 400 guests attended this reception. www.chinafastener.com) successfully, was held in Chao Shan Yuan Hotel, Shanghai city, on April 19, 2007, and supported by the leaders of China Fastener Association, the boards, the general managers and the representatives of International Fastener Purchase Association, major media industry and exhibition charge. Nearly 400 guests attended this reception. www.chinafastener.com put into operation on this day. In the mission of "Promote China fastener industry into prosperity", and the spirit of "Service the most valuable costumers by the most valuable information", The first round successful financing, and the union of HongKong Bai Lihao Co. Ltd. and Guangong Jiansheng Hardware Co. Ltd., Ebseek will more in depth service for fastener industry and industry chains with newer beginning and higher purpose.  In the reception, the CEO of Ebseek, Mr. Wang Ding'an, had a speech. He introduced the development of the company, reported the financing situation, and expounded the operating, the development and the future of luosi.com and chinafastener.com. Mr. Wang Ding'an said: "in the future, Ebseek will more concern and more responsible work in fastener industry with a new beginning by new channel and new context and will gain more success." Li Xiaoshan, the Honorary Chairman of China Machinery Industry Association of Generic Parts, Feng Jinrao, the Chairman of China Machinery Industry Association of Generic Parts Special in Fastener, and Xu Bin’guang, the Chairman of HongKong Fastener Association, also had a speech on the advice and guiding for luosi.com and chinafastener.com. www.luosi.com, a net special for fastener trade in China, was put into operation on December 20, 2004 by Ebseek. The company devoted firstly the principle of "industry chains survive", and takes pains to develop the first fastener industry door in China by inter net. www.luosi.com wins a good reputation by clear position, brands operation and excellent service, and wins concerning and supporting by related department, association, enterprises and media.

By | 2007-04-18 00:00:00

The country last year used 15 percent of the energy consumed in the world to produce 5.5 percent of global GDP an untenable situation that cannot sustain growth, senior Chinese leaders warned March 18 in Beijing. They said that if the current growth pattern based on high consumption of energy and resources is not changed, the Chinese economy may begin to stutter. "Serious environmental and resources constraints, irrational industrial structure, and development gaps between urban and rural areas as well as between regions make it imperative to accelerate change of the growth model in pursuit of sustainable development," said Vice-Premier Zeng Peiyan at the opening session of China Development Forum. The two-day forum is organized by the China Development Research Foundation for high-level discussions among policy-makers, researchers and business leaders on China's transition toward a new development model. The vice-premier promised more reforms of pricing mechanisms and tax incentives as well as increased efforts to encourage energy saving and environmental protection. Ma Kai, minister of the National Development and Reform Commission, said: "The overall growth of the Chinese economy is inspiring, but one of the worries is that we have paid too dear an environmental and resources price for such growth." The economy grew by 10.7 percent last year while profits soared and inflation stayed low. But low efficiency in use of energy and resources is still a problem, Ma pointed out. The country's GDP reached $2.16 trillion last year, about 5.5 percent of the world's total GDP. At the same time, the country accounted for about 15 percent of the world's energy consumption, using 30 percent of steel and 54 percent of cement. The reasons for low energy efficiency include accelerated industrialization and urbanization, energy-and-resource-intensive production during the course of economic globalization, and the extensive growth pattern of the national economy, according to Ma. "We are keenly aware that if the country's growth pattern is not changed as soon as possible, though the Chinese economy can maintain rapid growth for a period, it will not sail well and sail far," warned Ma. Participants at the forum also emphasized the need for China to focus more on boosting domestic demand. China's rapid economic growth has so far largely been fuelled by sizzling export and investment growth. Stephan Roach, chief economist of Morgan Stanley, said a successful re-balancing of the economy is needed if the nation is to reduce pollution generated by high-energy consuming industries.

By | 2007-04-11 00:00:00

China has been practicing the reform and opening up policy for almost 30 years. The modernization drive has scored great achievements. Our national economy and other social undertakings have been developed continuously. China has kept close trade ties with other countries and regions in the world. According to the statistics of China Customs, China's import and export volume in 2006 reached 1.76 trillion USD, increased by about   24£¥ year on year, in which the import volume totaled at 800 billion USD, up by 20% year on year. The development of China has provided the world with broad market prospect and created more opportunities for common development of countries and regions in the world, including the US. Inaugurated in 1957, the Canton Fair is sponsored by the Ministry of Commerce of China and People's Government of Guangdong Province, and organized by China Foreign Trade Centre. It is also called the 'Canton Fair' because it is regularly held in every April and October in Guangzhou (or Canton). The Canton Fair was a great innovation through which the New China explored ways to expand foreign trade and open up to the outside world. The Canton Fair has served as the bridge between Chinese enterprises and the global market and a showcase through which the world learns about China, as well as a platform for international cooperation. The past five decades witnessed the development of the Canton Fair to be the second largest exhibition in the world, with a total exhibition area of 600,000 square meters. In recent years, the Canton Fair has attracted almost 400,000 professional buyers from more than 200 countries and regions for its two sessions every year, with the total business value accounting for 20% of the annual export of general merchandise. Renowned as the "vane and weather-glass" of China's foreign trade, the Canton Fair plays an irreplaceable role in China's foreign trade and has been recognized as "a Road to Friendship and a Bridge to Trade" in international business community. The Canton Fair attaches great importance to the quality of enterprises and products. It adopts a Qualification System so that only the most outstanding enterprises and products can be exhibited at the Fair. At present, every session of the Fair has the participation of over 14,000 Chinese exhibitors. These exhibitors are strictly chosen from about 600,000 Chinese export companies. Moreover, about 5% of these qualified exhibitors will be replaced by new ones for each session. The Canton Fair attaches great importance to IPR protection. It sets up a Reception Center for IPR Protection and Trade Disputes, which is responsible for handling trade disputes concerning exhibitors and buyers and complaints of IPR infringement, with a view to establishing a fair and just business environment. The Canton Fair enjoys great reputation worldwide. It boasts a non-stop 100 sessions in 50 years, which is not commonly seen in the world. Attending the Canton Fair, which is a miniature of Chinese economic development, is like walking into the huge Chinese market. The accumulative number of overseas buyers amounted to 4 million, and the accumulative purchase volume reached over 550 billion USD. The Canton Fair upholds the service concept of putting people first. It provides all-dimensional services from buyer invitation, information consultation, hotel reservation, on-site service to business travel arrangement. China Foreign Trade Centre, the organizer of the Canton Fair, is directly under the Ministry of Commerce of China. We will provide the biggest and best exhibition platform for all of you. in Oct 2006, the Premier of the State Council of China, Mr. Wen Jiabao announced, on behalf of Chinese government, that the Canton Fair would be renamed China Import and Export Fair as of its 101st session. This decision and the newly added import function demonstrate the great changes of the China's foreign trade policy. The Chinese government will actively expand import and promote a balanced development of import and export. The 101st session will add an International Pavilion which will be enlarged in the future sessions. We welcome participation of enterprises from all countries and regions, including the US. Once relevant conditions mature, we can also hold a special exhibition for American products. This best exhibition resource of China can best facilitate products from other countries and to enter the Chinese market. The US is the biggest developed country in the world, which has advanced science and technology, competitive products and great market demands. China is the biggest developing country, which is endowed with rich human resources, a huge market and improving investment environment. The economies of the two countries enjoy great complementarities, extensive common interests, and broad cooperation space. Over the past 28 years since the establishment of diplomatic relations between China and the US, our bilateral trade and economic ties have developed rapidly, resulting in a historical leap forward compared to the time when the diplomatic ties were first established. Our bilateral trade volume increased by more than 100 times to 262.7 billion USD in 2006 from less than 2.5 billion USD in 1979. China has become the second largest partner and the fastest growing export market of the US. The US is China's second largest growing export market of the US. The US is China's largest trading partner and biggest export market. The fast development of economic and trade cooperation between China and the US has brought about tangible benefits for the two peoples and serves as one of the driving forces of the world economy. Ladies and Gentlemen, China is committed to building a harmonious society along the road of peaceful development, mutual benefit and win-win cooperation. In the coming 5 years, China will have an import market with 4-5 trillion USD for you to explore. China is a huge and open market. Its development is an opportunity for the world and our common development. We welcome you to showcase your products with comparative advantages in the Canton Fair. It is the clear and firm objective of China to pursue a balanced trade development; and it is clear and certain that China will remain the fastest growing export market of the US. I firmly believe that the American products enjoy a broad market in China. Dear friends, let's meet in Guangzhou, China in 2007 and in every year to come.