Looking back to summarize 2017 we've seen many new developments the will influence 2018. Here is our summary about some of the more important changes for those of you doing business in or with China.
It is generally perceived that Xi Jin Ping got an overwhelming mandate to carry out his program and the personality cult built around him is compared to what Mao Zedong had. For foreign business it is one hand positive that there is a clear direction and that corruption has been severely curtailed. One the other hand it is quite clear that Xi’s policy is a China first policy and many of the initiatives and new rules coming out are still unclear and open for interpretation, giving uncertainty in compliance. Overall the trend is heading to a much stricter regulatory environment and especially for foreign companies. As always in China the recommendation is not to try to interpret the written law as there are big time lags and often adjustments from announcement to implementation, always engage with your local government officials to see what policies are under implementation.
Xi has been ruthless in punishing with corruption allegations anyone who do not align to his leadership. With over 1.1 million punished officials one might wonder when this group become so big that it can become a political force.
Scandic Sourcing has got an assignment from three regional development centers and the Swedish Agency for Economical and Regional Growth to assist promising regional food companies to explore opportunities in the China market. The assignment includes to provide training and advice to small and medium size food producers on Chinese food standards, import procedures, market structure and to qualify able producers for promotion activities in China including partner search.
The participating partners are Dalarna Science Park, Invest in Skåne and RISE Research Institutes of Sweden AB.
The Project will be carried out the first half of 2018.
For more information:
Take the opportunity to present your food products in China between May 16th-18th 2018. The SIAL food and beverage exhibition is held annually in China at Shanghai New International Expo Center. Scandic Group will in cooperation with becoming and already established food suppliers create a Scandinavian pavilion. Along with this we will arrange a trip where you will get the chance to discover the market and given the opportunity to see this from a closer look.
Scandic Procurement Solution
Scandic Sourcing recently rolled out a new Procurement Service on a subscription basis. The benefits are many if you are regularly procuring and exporting parts out of China and wants to assure getting the right pricing and a stable and safe supply chain. For a monthly sum, your company gets a base package of services such as price requests, regular communication with your suppliers, order placement handling, export documentation controls, and and evaluation of your supplier base. Read more about the Scandic Procurement Solution.