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Weekly8 October 2019
FCCC/EUCBA ACTIVITIES
Seminar: How to export chocolate to China – 10 October 2019 – Ghent
The Flanders-China Chamber of Commerce (FCCC), Ghent University, Cacaolab, the EU SME Centre and the Province of East Flanders will organise a seminar focused on how to export chocolate to China. During this session, experts will give you a better insight into the Chinese market, consumer behaviour, cultural differences, export regulations, legal aspects and stability issues of exported chocolates. This will be done through different case studies. You will also learn how to export through the different Chinese e-commerce platforms. Even more importantly, you will directly meet the right contacts, who can introduce your product on the Chinese market.
This seminar is informative, practical and will help you to get connected with the right people!
NEWSLETTER 8 OCTOBER 2019 2
Program:
10:00 Welcome by FCCC and Ghent University/Cacaolab
10:10 How to deal with Cultural Differences between East and West by Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce
10:30 How to export snacks to China?by Mr Yu Xiaoning, EU SME Expert and Founder of EG DistriSelecta (a Beijing-based importing company operating in the F&B Sector for 25 years – mostly beer, chocolate, biscuits, and other FMCG) - Overview of the market- Consumer behaviour and future outlook- Case Studies of EU Companies exporting to China
12:30 Lunch
13:30 Exporting via E-commerceby Mr Yu Yingbao, Representative Shanghai Overseas Promotion Center for Service Trade (SOPCST)
14:10 Legal aspects when exporting to Chinaby Mr John Balzano, Partner Covington and Burling (labeling, IPR)
14:30 How to guarantee the stability and shelf life of my products by Prof. dr. ir. Koen Dewettinck (Head of the Laboratory of food Technology and Engineering of Ghent University and CEO of Cacaolab (bvba) and Mrs Claudia Delbaere (Project Manager at Cacaolab bvba).
15:00 Testimonials followed by Q&A
Cost:
The entry fee for this seminar is €600 (excl. VAT) per person.Participants of SME’s can also apply for a subsidy to reduce the price by 30% to €420 (for medium enterprises) or by 40% to €360 (for small enterprises).
SME's based in Flanders can get funding via the KMO-portefeuille (DVL number Cacaolab: DV.O220514).More information on: https://www.vlaio.be/nl/subsidies-financiering/kmo-portefeuille
Alimento will provide a financial contribution of € 130 per participant (max. 3 participants per company) for all companies whose participants work in the joint committee PC 220. More information on: https://www.alimento.be/nl/opleidingen-en-personeelsadvies-voor-werkgevers-bakkers-en-leerkrachten
Date: 10 October 2019, 10:00
Location: House of the Province of East-Flanders:Gouvernementstraat 1, 9000 GentFlanders-China Chamber of Commerce:[email protected] - www.flanders-china.beCacaolab: [email protected] – www.cacaolab.be
Subscribe via this link: http://www.cacaolab.be/?q=content/how-export-chocolates-china
NEWSLETTER 8 OCTOBER 2019 3
Seminar: Custom Formalities when Exporting toChina – 21 October – Ghent
The Flanders-China Chamber of Commerce and the Province of East Flanders are organizing a seminar focused on ‘Custom formalities when exporting to China’. This event will take place at 15h30 on Monday 21 October 2019 at the Provincial House, Gouvernementstraat 1, 9000 Ghent.
Mrs. Isabelle Bédoyan, Customs Attaché, Embassy of Belgium in China, will present the procedures and regulations of the Chinese customs and other institutions, which are related to import or export. Special attention will bedevoted to the changes caused by the reorganization of the General Administration of China Customs.
The following topics will be covered:
• Belgian Customs in China, can we help you? • GACC – General Administration of China Customs:
Organization and integration of quarantine
• Import and export duties, VAT on export
Mr. Leslie Lambregts, Director of International Affairs, FAVV, will be giving a speech on the support given by FAVV to local companies when exporting to China.
Programme:
15:3016:00
16:10
17:05
17:2517:40
RegistrationWelcome and introduction by Ms. Gwenn Sonck, Executive Director, Flanders-China Chamber of CommercePresentation: 'Custom formalities when exporting to China' by Mrs. Isabelle Bédoyan, Customs Attaché Embassy of Belgium in ChinaSpeech by Mr. Leslie Lambregts, Director International Affairs, FAVV BelgiumQ&A SessionNetworking Drink
Practical Information:Date and time: Monday 21 October 2019 from 15:30Location: Provinciehuis, Gouvernementstraat 1, 9000 GentPrice for members: €45 (excl. 21% VAT)Price for non-members: €75 (excl. 21% VAT)
Subscribe here
PAST EVENTS
Win in China: Business Models & China EntryStrategies – 8 October 2019 – Kortrijk
The Flanders-China Chamber of Commerce (FCCC), VOKA West-Flanders and the Cheung Kong Graduate School of Business (CKGSB) organized a seminar focused on: Win in China: Business Models & China Entry Strategies. The target audience of the event was CEOs, founders and managers from companies interested in doingbusiness with China. Following registration and a sandwich lunch, Gwenn Sonck, Executive Director of the Flanders-China Chamber of Commerce (FCCC) introduced the event. Bo Ji, Assistant Dean & Chief Representative for Europe at Cheung Kong Graduate School of Business (CKGSB) delivered the keynote speech: “Win in China: Business & China Entry Strategies”. “Experiences of Barco in China” was introduced by Nicolas Vanden Abeele, Executive Committee Member and Senior Vice President- GM Entertainment, Barco. A Q&A and networking session concluded the event.
FOREIGN TRADE
Apple denied tariff exemption as trade talks setto resume
Apple was denied tariffs relief on five Chinese-made components for the upcoming Mac Pro computer, even after the company announced it was keeping some assembly operations in the U.S. The U.S. Trade
NEWSLETTER 8 OCTOBER 2019 4
Representative’s office refused to grant reprieve from 25% tariffs on optional wheels for Apple’s Mac Pro, a circuit board for managing input and output ports, the power adapter, charging cable and a cooling system for the computer’s processor. The decision came about a week after Apple announced it would make new Mac Pro computers in Austin, Texas, after originally considering shifting production to China.
The move followed an announcement this month that the USTR had agreed to Apple’s request for tariff waivers on 10of 15 Chinese parts. Apple was denied tariff relief even as President Donald Trump praised the company's decision to keep some production activities in Texas, thereby supporting U.S. jobs. Apple said it didn’t have any further comment. Exclusion decisions are based on whether a product is available only from China, is strategically important, or related to Chinese industrial programs, and whether duties will “cause severe economic harm” to the company or U.S. interests. Products such as the Apple Watch, AirPods and iMac computers were hit by 15% tariffsearlier this month, while the iPhone, iPad and other major Apple products are set to be impacted later in December.
Meanwhile U.S. President Trump called on Beijing to launch an investigation into the activities of Hunter Biden, the son of his Democratic rival for the presidency Joe Biden. However, China is unlikely to breach its long-standing principle of not interfering in the internal affairs of other countries. Trump also asked Ukraine to investigate Biden and is facing possible impeachment as a result. This may overshadow the upcoming trade talks which are to be held between Chinese and American negotiators in Washington this week. Trump accused Hunter Biden of accepting “billions of dollars in “pay-offs” from Beijing and favorable treatment for his son’s business interests in exchange for softer trade policies. Hunter Biden is Director of BHR Equity Investment Fund Management, which is incorporated in Beijing, but public records do not support Trump’s claims that Beijing invested USD1.5 billion in it. According to the New York Times, Hunter Biden bought a 10% stake in BHR in October 2017 – when his father was no longer Vice President – for about USD420,000.
Christopher McNally, Professor of Political Economy at Chaminade University in Hawaii, said that the negotiationswere likely to achieve some breakthroughs given the slowdown of the U.S. economy and the political pressures on Trump. He said possible outcomes included a “ceasefire” in the tariff dispute; “mini deals” on market access, intellectual property rights or the U.S.’ restrictions
on Huawei; and China agreeing to buy more American agricultural products.
Indonesia is the “only loser” among ASEAN countries for failing to attract manufacturers seeking to bypass higher tariffs from the U.S.-China trade war, according to two economists from brokerage firm Maybank Kim Eng in Singapore. Vietnam, Malaysia, Singapore and the Philippines had picked up business – mostly in the form of higher foreign direct investment (FDI). Economist Lee Ju Ye said Vietnam had emerged as the biggest beneficiary, with a 73% jump in FDI inflows from China and Hong Kong last year.
As manufacturing data from China, the United States and Europe weakened to record levels in September, economists argued that a downward trend could be expected to continue until at least the first quarter of 2020 amid the trade war between China and the U.S. China's manufacturing activity has now contracted for five consecutive months, while readings for both Germany and the U.S. dropped to their lowest levels in a decade, the South China Morning Post reports.
Branding becoming a necessity as Chinese
companies expand abroad
As Chinese companies extend their reach abroad after achieving success at home, effective branding is shifting from a “nice to have” to a “business necessity”. To achieve genuine global influence, Chinese enterprises needto translate their tangible strengths – be they manufacturingscale or innovation capabilities – into soft power that is ableto impress local consumers and make an impact on business operations, according to marketing experts.
A recent survey by global marketing agency Ogilvy of Chief Marketing Officers of 40 high-profile Chinese companies showed a growing appetite for branching out overseas. The study identified the key drivers for Chinese enterprises’ outbound expansion as “seeking new markets for growth, easing domestic competition and acquiring advanced technologies”. But relatively few were driven to look overseas for branding reasons.
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However, branding is increasingly becoming a game-changer in shaping consumer perceptions, especially as a growing protectionist sentiment looms over the global economy, said Chris Reitermann, Asia and China CEO of Ogilvy. “I do think a lot of companies have underestimated the value of a clearly defined brand in getting people to understand what a company is, what a company does and what its values are,” Reitermann said. The transformed macro-economic environment is pushing companies to shiftfrom traditional merger and acquisition-based growth to more organic, green-field investment, and that makes a “clearly-defined brand” a necessity, he added.
Deng Delong, President of Trout & Partners, which specializes in brand positioning, said he believes global distribution of assets will be conducive to the world economy at large. Deng also supports Chinese companies’ goals of seeking new growth opportunities abroad. But instead of recklessly expanding overseas, brands should first identify local needs, position themselves and prove their relevance, he noted. “Especially against economic uncertainties, a strong and unique brand proposition will give companies unparalleled pricing power. This would put them in an advantageous position even amid trade disputes,” Deng said. Due to the costs of branding, many Chinese companies are taking a gradual approach by working with overseas partners to make an impact. “We don’t want to just rush into the global scene before we are fully prepared, especially on the branding front. Branding isn’t simply about helping sell products to a global audience. It’s about conveying the brand DNA, concepts and our unique characteristics,” said Han Boming, CEO of K-Boxing, a Chinese manufacturer of menswear.
Chinese businesses have increased their understanding of branding, Reitermann said, but there is still a discrepancy between the grand vision held by senior executives and various entities within the organization handling day-to-day business, he added. “That’s why it is so important to get theright management model in place and provide the right resources.” Reitermann believed learning the value of brand building takes time: “It will probably take Chinese companies another 10 years to get there,” the China Daily reports.
STOCK MARKETS
HKEX drops bid to buy LSE
Hong Kong Exchanges and Clearing (HKEX) has dropped its bid for the London Stock Exchange (LSE). It faced a deadline of October 9 to raise its original bid, which had been rejected by LSE and will now not be able tomake new bid for the coming six months.”The Board of HKEX continues to believe that a combination of LSE and HKEX is strategically compelling and would create a world-leading market infrastructure group,” HKEX said in a regulatory statement. “The Board of HKEX is disappointed that it has been unable to engage with the management of LSEG in realizing this vision,” it added.
Calls for HKEX to raise its bid had faced opposition. “I will definitely oppose HKEX from raising its offer for the LSE as it will become too expensive,” said Christopher Cheung, a Hong Kong lawmaker for the financial services sector, and an HKEX shareholder. Cheung and about 500 local brokerages received shares of HKEX when it was listed in 2000. But HKEX failed to convince these shareholders about the merits of a higher takeover offer. Three shareholders of the London bourse had said they could be drawn into further discussions if HKEX raised its offer price by 20% and increased the cash component. “The deal is full of uncertainties as we do not know if the regulators in the UK, U.S. and Europe will approve it, and we do not know if the combination of the two exchanges will work out smoothly,” said Cheung, who is also the Founder and ChiefExecutive of Christfund Securities.
HKEX on September 11 surprised the market by proposing to pay GBP83.61 per LSE share in cash and stock for the London bourse operator, valuing it at GBP29.6 billion. It was the most expensive exchange takeover offer and couldhave created a giant exchange that would span Asia, Europe and America. The LSE immediately rejected the unsolicited approach, saying it faced regulatory hurdles anddid not make strategic sense. But HKEX had not given up
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and hired HSBC and UBS to lobby the shareholders of LSEdirectly.
“Like many shareholders, I do not feel the current offer on the table from HKEX for the LSE fully reflects the value andfuture potential earnings the combined entity would likely achieve. That said, were we to see a revised headline priceand an improvement in the cash component from HKEX, that would likely catch the attention of LSE shareholders,” Guy de Blonay, Manager of the Jupiter Financial Opportunities Fund and a major LSE shareholder said, before HKEX decided not to raise its offer, the South China Morning Post reports.
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CHINA NEWS ROUND-UP
PayPal to enter China mobile payments marketthrough local acquisition
U.S. digital money transfer platform PayPal Holdings has obtained Beijing’s approval to buy a controlling stakein a domestic payments firm, which would make PayPal thefirst foreign firm to enter China’s payment services market. Gopay Information Technology, PayPal’s acquisition target, has received approval from the People's Bank of China (PBOC) to sell a 70% stake to PayPal. Gopay has licenses for mobile, online and cross-border yuan payment services. PayPal will make the acquisition through a subsidiary in Shanghai. No financial terms were disclosed. The transaction is expected to close in the fourth quarter of 2019.
Early last year, China’s central bank announced that it was opening the country’s domestic market to foreign third-partyelectronic payment firms, a move intended to promote competition in the retail payments industry.
Sales of luxury cars rise in a declining market
Sales of 10 premium brands, including BMW, Mercedes-Benz, Audi, Volvo and Lexus, have risen in a steeply declining Chinese market in which overall car sales have fallen 11% in the first eight months to 16.1 million units. While overall sales have shrunk in 14 of the past 15 months, rich consumers have been snapping up locally made premium models, helped by competitive pricing. “Therelatively more resilient demand for premium cars is driven by China’s consumption upgrade,” said Toliver Ma, Auto Sector Analyst at brokerage Guotai Junan International. “Affluent consumers are still willing to spend, even as the economy has long been slowing.”
Sales of China-made BMW cars jumped 25.9% in the first half from the same period last year to 264,194 units, according to joint venture partner Brilliance China Automotive. This was primarily due to the contribution of the X3, a compact crossover SUV. Excluding the X3’s sales, first-half volumes grew only 1%. It is BMW’s sixth model produced in China since June last year. Similarly, sales at Beijing Benz, the joint venture of Germany’s Daimler and Beijing Automotive Industry, grew 11.9% to 282,000 units, largely due to outstanding sales of Mercedes-Benz A-Class cars.
Meanwhile, Volvo Cars, owned by China’s Zhejiang Geely Holding, saw domestic sales in the year’s first seven months grow 12.3% from the same period last year, higher than the Swedish firm’s global sales growth of 10%, and accounting for up to a fifth of its worldwide total. “Since 2015, we have launched all the new generations of our carsin China, some of which are made locally,” said Agneta Jilden, Asia-Pacific Commercial Program Manager at VolvoCars.
Payment platforms provide digital tax returns toChinese tourists
Every year, hundreds of millions of dollars are being left behind as cross-border travelers don't reclaim the value-added tax that is available to them. According to data from SAP Concur, reclaimable VAT is available on about 4% of global travel spending. Moreover, a recent study by Taxback International, a specialist in global VAT recovery and compliance, noted that up to USD30 billion is going unclaimed annually in VAT recovery on travel expenses. The primary cause is that overseas travelers don't want to go through the hassle of doing the paperwork required to get back the VAT on their purchases, or they feel intimidated by the long lines at tax refund centers.
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The country's two largest mobile payment platforms are competing to offer streamlined refund services to tourists. Tax refunds now only take seconds, circumventing the need to fill in lengthy forms containing billing details, and the subsequent months of waiting. Formed in partnership with Global Tax Free, Alipay, Ant Financial's payment tool and a subsidiary of Alibaba Group,claimed that its new paperless mobile tax refund app launched last year was the first of its kind worldwide. Users must remember to scan their tax refund receipts within 90 days of product purchase via the app to receive an instant refund in yuan. Visits to an airport tax refund counter are nolonger required.
Alipay first ventured into the tax refund business in 2013. Today up to 85 international airports support real-time tax refunds to Alipay accounts. WeChat Pay, the mobile wallet of WeChat, has partnered with Swiss company Global Blue to offer an instant tax refund mini program for Chinese tourists. Both partners have also joined forces to offer in-store refunds. Alipay offers in-store refunds in 85 luxury stores in Europe, covering 15 iconic brands in cities such as Paris, Milan, Rome, Barcelona and London. Alipay and WeChat Pay are jostling for a larger share of the international mobile payment segment as the domestic market nears saturation. The two companies accounted for around 94% of China's CNY47.7 trillion third-party mobile payment market in the first quarter of this year, the China Daily reports.
Chinese consumers turning to lab-grown
diamonds
Lab-grown diamonds, which have been used for industrial purposes for decades, are now shaking up the USD87 billion consumer market as cheaper alternatives to mined gem stones. Replicating the process of how mined diamonds are formed, labs today use two major processes to grow diamonds – high pressure/high temperature (HP/HT) and chemical vapor deposition (CVD).For years, lab-grown diamonds were commonly used in high-end manufacturing. “Yet with technological advancements, many labs are now able to create gem-quality diamonds at lower costs,” said Sun Lihua, Geologist at the Gem Appraisal Center of Peking University, China’s leading institute that offers diamond grading services. “Rapid technological improvements have allowed many Chinese labs to eliminate the presence of other elements that impact diamond quality, such as nitrogen molecules that make the stones look yellow and reduce their value,” Sun said.
The cost of growing lab diamonds has dropped by up to 90% in the past 10 years, according to business analysis website ifanr.com. Today, the cost of making a lab diamondis about 30% lower than that involved in mining a diamond of similar size and quality, said Li Zheng, Research Manager at market research provider Leadleo Research Institute. “Meanwhile, the time it takes to produce a 1-carat diamond is now five to eight days, much shorter than the time it takes to mine and polish a diamond. “Aside from the fact that lab-grown diamonds are created artificially, rather than mined, they are the same in terms of their physical and chemical characteristics,” said Tang Bin, Deputy Director of the Gem Appraisal Center of Peking University. Lab-grown diamonds are cheaper, better, and more accessible, making them a popular alternative to mined ones.
Although the consumer market for lab diamonds is only worth USD150 million, taking up about 2% of the consumer market for all diamonds, industry predictions show it is expected to grow at 22% each year and reach USD14.9 billion by 2035, taking up about 5% of the consumer marketfor all diamonds.
Lab-grown diamonds are becoming more popular in China. “With the post-1980 and post-1990 generations emerging as a major buying power, lab-grown diamonds used in jewelry will see an increasing presence,” Li of the Leadleo Institute said. More consumers born in the 80s, 90s, and even millennials, are turning to lab-grown diamonds as theyare cheaper than mined gems of similar quality, and marketed as eco-friendly and ethically sourced. “Consumers from those generations are increasingly conscious of the environmental and ethical impact of their purchases, such as whether workers are fairly paid and the work is done in safe and environmentally friendly conditions. In China, where 90% of the world’s lab-grown diamonds are produced, diamonds grown for the consumer market take up 3% of the total diamond market, the China Daily reports.
World's longest railway for coal transport opens
China is further expanding is freight railway network to guarantee its energy security. The Haoji Railway, the longest heavy-load railway in the world, officially began operations on September 28. The 1,814-kilometer railway connects Ordos in Inner Mongolia with Ji’an in Jiangxi province. It will mainly be used for transporting coal from northern to central and southern China. The line’s construction began in 2015 with a total investment of over CNY193 billion. The railway line has 77 stations and
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crosses seven provincial regions: Inner Mongolia, Shaanxi, Shanxi, Henan, Hubei, Hunan and Jiangxi. The electric-powered trains on the line can travel at speeds of up to 120km/h. The planned annual transportation capacity of the railway is more than 200 million metric tons.
In 2020, the line is expected to carry 60 million tons of coal from North China to the central regions, according to the China State Railway Group. The operating company has signed agreements with 42 enterprises which will each receive 500,000 or more tons of coal per year. China’s coal resources are mainly concentrated in Shanxi, Shaanxi and the western part of Inner Mongolia, while coal consumers are mainly located in central and southern China. The line will promote the development of the northern regions’ resources, ensure energy supplies in Central China, and improve railway energy transportation betweenthe north and the south. The railway project aims to better connect suppliers and consumers, according to the railway’s Chief Engineer Li Yongjin. In the past, coal would be transported to a station and then transferred by ship or truck. Now, the Haoji Railway can deliver coal directly to factories along the line.
Twenty-one other projects, including a coal gathering station, combined rail-water transportation bases and storage and distribution bases have been completed simultaneously with the line. The railway will speed up coal transport to consumers along the Yangtze river from about one month to 24 hours and cut transportation costs, the China Daily reports.
Chinese investors target schools in the UK
Chinese investors have snapped up a number of prestigious independent schools in the United Kingdom in recent years. They have swooped in amid rising demand among wealthy Chinese for an English-language education for their children. The investors have also been encouraged by falls in the exchange rate of the British pound. In July, CATS Colleges, part of the Cambridge Education Group, was acquired by Bright Scholar in a deal valued at GBP150 million pounds. Bright Scholar, the largest operator of international and bilingual schools in China, also bought the boarding school Bournemouth Collegiate School in southern England, St. Michael’s School in Wales, and Bosworth Independent College in Northampton.
St. Bees, a 436-year-old independent school in Cumbria, northwest England, was saved by Full Circle Education, a group in Hong Kong, and reopened in September last year.
Ipswich High School for Girls in eastern England was sold to Ipswich Education, backed by China's Wanda Group.In 2015, Achieve Education Group, a Chinese-owned company, bought Chase Grammar School, a boarding establishment in Cannock, a town in the Midlands, and two years later acquired Abbotsholme School in Uttoxeter.
William Vanbergen, founder of BE Education in Shanghai, aleading international education services provider in China, and also Chairman of Wycombe Abbey International Schools Greater China, said: "There are a few companies who believe they are buying a brand that can be scaled to China. However, this needs some careful thought as to howvaluable a brand actually is, other than being a name. For example, does it have standard operating procedures and aplan to open and run multiple schools, or related experience?"
Julian Fisher, senior partner at the consultancy Venture Education in Beijing, said: "There is no doubt that Chinese companies want to control, and profit from, this entire 'pipeline'. Why simply be an agent for a UK school when you can buy it and generate revenue for more than a decade? If managed well, private education is an incredibly stable long-term investment," Fisher said, as reported by the China Daily.
Your banner at the FCCC website or newsletter
Companies interested in posting a banner/an advertisementon the FCCC website or FCCC weekly newsletter are kindlyinvited to contact the FCCC at: [email protected]
NEWSLETTER 8 OCTOBER 2019 9
Organisation and founding members of the Flanders-China Chamber of Commerce
Chairman: Mr. Stefaan Vanhooren, President Agfa Graphics, Member of the Executive Committee of the Agfa Gevaert Group, NV THE AGFA-GEVAERT GROUP SAVice-Chairmen: Mr. Bart De Smet, Chief Executive Officer, NV AGEAS SAMr. Philippe Van der Donckt, Director Government Affairs Asia, NV UMICORE SASecretary and Treasurer: Wim Eraly, Senior General Manager, NV KBC Bank SAExecutive Director: Ms. Gwenn SonckMembers of the Board of Directors and Founding Members:Mr. Stefaan Vanhooren, President Agfa Graphics, Member of the Executive Committee of the Agfa Gevaert Group, NV THE AGFA-GEVAERT GROUP SAMr. Christian Leysen, Executive Chairman, NV AHLERS SAMr. Filip Pintelon, Senior Vice President, GM Healthcare, NV BARCO SAMr. Philip Eyskens, Senior Vice President Legal, IT and M&A, NV BEKAERT SAMr. Philip Hermans, General Manager, NV DEME SAMr. Bart De Smet, Chief Executive Officer, NV AGEAS SAMr. Wim Eraly, Senior General Manager, KBC Bank SAMr. Johan Verstraete, Vice-President Marketing, Sales & Services Weaving Solutions, NV PICANOL SA
Mr. Philippe Van der Donckt, Director Government Affairs Asia, NV UMICORE SA
Membership rates for 2019 (excl. VAT)
● SMEs: €405 (€490.05 incl. VAT)● Large enterprises: €1,025 (€1,240.25 incl. VAT)
Contact
Flanders-China Chamber of CommerceOffice: Ajuinlei 1, B-9000 Gent – Belgium New telephone and fax numbers: Tel.: +32/9/269.52.46 – Fax: ++32/9/269.52.99E-mail: [email protected] Website: www.flanders-china.be
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The FCCC Newsletters are edited by Michel Lens, who is based in Beijing and can be contacted by e-mail [email protected] . Disclaimer: the views expressed in this newsletter are not necessarily those of the FCCC or its Board of Directors.
