NE WS LE TT E R|3 N O V E M B E R 2 0 1 4

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Hainan Airlines, your direct link from Belgium to China

FCCC activities China SME Session: ‘Understanding China’s Business Mind’ – 6 November 2014 – Gent

China Seminar: Financing Your Business in China – Thursday 13 November 2014 – 16h – Gent

Activities EPO-SIPO Conference: Recent Developments in the European and the Chinese Patent Systems Procedural Harmonization and Accessibility in Support of Innovation – Thursday 13 November 2014 – Brussels

Past events Mission for Growth to Chengdu – 21-23 October 2014

China Information Session: Current Immigration and social security landscape and recent corporate tax developments inBelgium – Wednesday 15 October 2014 – Deloitte, Diegem

China SME Session: ‘Negotiating with the Chinese’ – 8 October 2014 – Gent

Publications FCCC publishes “FCCC Members' Portraits in China Vol.2”

Call for tenders Air purifiers for the Delegation of the EU to China

Automotive New-energy vehicles in the spotlight at Shanghai show

Finance New rules on local government debts issued

China to open bank clearing business

Foreign investment China to invest more in UK transport and real estate

Foreign trade EU Chamber of Commerce in China comments on Fourth Plenum

Progress in Sino-Australian FTA negotiations

Shanghai Mayor promises to speed up development of FTZ

Health Completely foreign-owned hospitals approved for leading cities

Advertisement CrossTainer: air & sea forwarding services

Macro-economy Stable expansion of industrial output expected

Mergers & acquisitions Danone to acquire 25% stake in Yashili

Real estate More price drops expected

FCCC Newsletter No 383, November 3, 2014 Page 1

Retail Pizza Express to quadruple number of outlets

Science & technology Chinese probe circles the moon and returns to earth

Stock markets Hope rises for early launch of through-train program

Travel United Airlines to fly to more Chinese cities

VIP visits Czech President advocates visa free access to EU for Chinese citizens

One-line news

Jobs Operations Manager Reynaers Aluminium

Representative China Platform (Province of East Flanders – University Ghent) Beijing office

Job search Finance and accounting graduate looking for a job

ADVERTISEMENT OPPORTUNITIES

Interested to promote your services/products to potential Chinese or Belgian clients?

We would like to offer you the opportunity to promote your services/ products to potential Chinese and/or Belgian clients. We can promote these in many different ways via advertisement on our website, newsletters and events.

Below you can find the different possibilities: • FCCC Weekly. This newsletter is published in English and contains economic & trade

information on China, a calendar with China-events and career opportunities. It is sentevery Monday to 2,700 Belgian business leaders doing business with China and to relevant institutions, embassies, federal and regional authorities as well as the Belgianand Chinese press. It is also sent to Chinese officials and companies based in Belgium.

• News from Flanders: Europe's Smart Hub. This is a quarterly newsletter published in Chinese and English. It contains articles on Flanders' business news, education and tourism. It is sent to over 2,000 Chinese and Belgian companies, Chinese national andlocal authorities, Chinese companies based in Belgium, Chinese press in Belgium. It isalso sent to all FCCC member companies and Belgian and regional institutions.

• The FCCC website, contains publications, newsletters, activities, and a broad range ofinterviews with Chinese and Flemish companies sharing their experiences.

If you’d like to advertise on our website, newsletters and events, please check out our advertising opportunities and send your interest to gwenn.sonck@flanders-china.be Please beinformed that the advertisement opportunities are limited.

FCCC Newsletter No 383, November 3, 2014 Page 2

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FCCC Newsletter No 383, November 3, 2014 Page 3

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FCCC ACTIVITIES

China SME Session: ‘Understanding China’s Business Mind’ – 6 November 2014 – Gent

The Flanders-China Chamber of Commerce (FCCC) is organizing a seminar focusing on “Ten tips to understand China’s business mind”. This event will take place at 16h00 on Thursday 6 November 2014 at the Flanders-China Chamber of Commerce, Lammerstraat 18, 9000 Gent, Belgium.

Over the last thirty years China has risen to become the world’s second largest economy. By the end of the decade it is expected to become the world’s largest. The cultural influences of those driving this economic miracle are largely unfamiliar in the West. But how can you recognize the cultural contexts in which your Chinese partners are making their business choices – and how can you best respond? CKGSB Europe presents ten guiding principles thatcontinue to inform China’s business leaders today and will continue to do so in the future.

Program:16h00

16h10

17h1017h30

Introduction by Mrs Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce‘Understanding China’s business mind’ by Mr Neil Selby, Director of Education CKGSB Europe, former International Director of Oxford UniversityMr Oliver Shiell, Chief Representative of CKGSB Europe, Board Member of China Britain Business Council, former Director of Oxford UniversityExchange of viewsNetworking reception

During this session you will receive the publication “FCCC Members’ Portraits in China’. The booklet includes 17 portraits of member companies active in China. The China-based managers of those companies talk about how their firms became active in the country and the difficulties and pitfalls they faced on their way to success in the largest and most challenging market on earth.

This event is organized with the support of Flanders Investment & Trade.

If you are interested to attend this event, please register online.

China Seminar: Financing Your Business in China – Thursday 13 November 2014 – 16h – Gent

The Flanders-China Chamber of Commerce (FCCC) is organizing a seminar focused on ‘Financing Your Business in China’. This event will take place at 16h00 on November 13 at ‘Het Pand’, Onderbergen 1, 9000 Gent.

The seminar will focus on two topics, followed by a practical experience on doing business with China:

Topic 1: Financing your business in ChinaGrowing your business in China often also brings the need to grow your sources of financing in China. Access to bank financing can be challenging, especially in Mainland China. Mr Jo Vander Stuyft, General Manager KBC Hong Kong Branch, will inform you which solutions they offer in Mainland China and Hong Kong.

Topic 2: Renminbi: an opportunity for Belgian importers and exporters.Undeniably, the Renminbi is gaining ground as an international currency. An increasing number of Belgian entrepreneurs is also turning to RMB as currency for their trade with China. If you are still confused by ‘CNY’ and ‘CNH’ and all the other fancy terms in the story, this presentation will bring you some practical information on the use of the currency for international trade.

Programme :

16h00

16h05

Introduction by Mrs Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce“Financing your business in China”“Renminbi: an opportunity for Belgian importers and exporters”

FCCC Newsletter No 383, November 3, 2014 Page 5

16h45

17h1017h30

by Mr Jo Vander Stuyft, General Manager KBC Bank – Hong Kong Branch‘Experiences of Recticel in China’by Mr Filip Goris, General Manager Asia, RecticelQuestion and answer sessionReception

If you are interested to attend this event, please register online before 6 November 2014. Members FCCC: 65 €. Non-Members FCCC 95 €.

This event is organized with the support of Flanders Investment & Trade.

ACTIVITIES

EPO-SIPO Conference: Recent Developments in the European and the Chinese Patent Systems Procedural Harmonization and Accessibility in Support of Innovation – Thursday 13 November 2014 – Brussels

The European Patent Office (EPO) is organizing a public information event on the occasion of the 8th meeting of the heads of the European Patent Office (EPO) and the State Intellectual Property Office of China (SIPO) on Thursday 13 November 2014 in Brussels. The President ofthe EPO, Mr Benoit Battistelli, and the Commissioner of the SIPO, Mr Shen Changyu, will outline the latest developments in the patent system in Europe and in China. The presentations will be followed by a question and answer and a discussion round directly with the two heads of offices.

Programme:

09h3010h0010h3010h5011h45

Registration and welcome coffeeRecent developments in the Chinese patent system by SIPO CommissionerRecent developments in the European patent system by EPO PresidentQ&A, DiscussionLight networking lunch

Venue: Renaissance Hotel, Rue du Parnasse 19, B-1050 Brussels.

Registration by e-mail to brussels@epo.org by 3 November 2014.

PAST EVENTS

Mission for Growth to Chengdu – 21-23 October 2014

Following the successful Mission for Green Growth to China of Vice-President Antonio Tajani and Commissioner Potočnik on 18-19 July 2013, Mr. Antti Peltomäki, Deputy Director-General – Directorate-General Enterprise and Industry, EU Commission, led a technical Mission for Growth to Chengdu from 21 to 23 October 2014. The purpose of this visit was to confirm the strong political relationship between the EU and China and to strengthen their cooperation in strategic fields. Director-General Mr. Daniel Calleja Crespo was accompanied by a delegation of representatives of business associations and entrepreneurs to discuss with Chinese politicians and entrepreneurs how to foster European industrial cooperation. During this mission, the Flanders-China Chamber of Commerce was represented by Mrs Gwenn Sonck, Executive Director, and Secretary-General EU-China Business Association.

The Mission took place in conjunction with the IX EU-China Business and Technology Cooperation Fair. This event has been held for eight editions attracting 3,255 Chinese companies and 1,572 European companies. More than 10,000 bilateral meetings took place with one third of successful matches. The IX fair gathered 800 to 1000 representatives of SMEs, clusters, business associations, R&D institutions and government bodies.More information on the Chengdu Hi-Tech Industrial Development Zone is available in Chinese at www.cdht.gov.cn and in English at www.chengduhitech.co.uk

FCCC Newsletter No 383, November 3, 2014 Page 6

China Information Session: Current Immigration and social security landscape and recent corporate tax developments in Belgium – Wednesday 15 October 2014 – Deloitte, Diegem

The Flanders-China Chamber of Commerce, the Chinese Association of Entrepreneurs in Belgium and Deloitte, organized a China information session focused on the current immigration and social security landscape and the recent corporate tax developments in Belgium. It was divided into two parts:

Part one: Current immigration and social security landscape and how this will evolve. Deloitte and Laga specialists will bring their views and results of the European comparative immigration study which was executed in 2014 and will elaborate on the Single Permit Directive, the EU Blue Card, the Intra Corporate Transfer Directive and the regionalization of the Belgian immigration rules. Furthermore, the social security treatment of seconded and locally hired employees will be discussed whereby the eventual conclusion of a social security treaty between Belgium and China will be debated. Speakers were Mr Erwin Vandervelde, Deloitte, and Mr Filip Van Overmeiren, Laga.

Part two: Recent corporate tax developments in Belgium – unknotting of the Gordian knot. The Belgian corporate tax landscape has very much evolved over the past year(s). Inspired bybudgetary constraints while aiming to boost the Belgian economy, many new and sometimes complex measures have been implemented and existing ones have been revisited to ensure proper implementation by taxpayers. During this roundtable, an illuminating overview will be given of most relevant changes in tax law, court rulings, circular letters and parliamentary questions affecting your day-to-day business. The Speaker was Mr Coen Ysebaert, Deloitte.

This event was organized with the support of Flanders Investment & Trade.

China SME Session: ‘Negotiating with the Chinese’ – 8 October 2014 – Gent

The Flanders-China Chamber of Commerce (FCCC) organized a seminar focusing on ‘Negotiating with the Chinese: Three ‘Make or Break’ differences’. This event took place on 8 October 2014 in Gent.

To a Westerner, the word ‘negotiation’ retains its Latin meaning of ‘coming to an agreement’. To a Chinese person,’negotiation’ is represented by the two characters of ‘discussion’ and ‘judgement’. During this session you will learn why the approach to ‘negotiation’ has been historically so very different and what you need to know to negotiate more effectively with your Chinese counterparts.

Following an introduction by Mrs Gwenn Sonck, Executive Director, Flanders-China Chamber of Commerce, Mr Neil Selby, Director of Education Cheung Kong Graduate School of Business (CHGSB) Europe: former International Director of Oxford University, and Mr Oliver Shiell, Chief Representative of CKGSB Europe, Board Member of China Britain Business Council, former Director of Oxford University, talked about ‘Negotiating with the Chinese: Three ‘Make or Break’ differences’.

The event was concluded by an exchange of views and a networking reception. The next sessions will deal with: Managing Risk in China and 10 ways to better understand your Chinese partners. These events are organized with the support of Flanders Investment & Trade.

PUBLICATIONS

FCCC publishes “FCCC Members' Portraits in China Vol.2”

See FCCC Members' Portraits on the FCCC website.

AUTOMOTIVE

New-energy vehicles in the spotlight at Shanghai show

New-energy vehicles were a highlight at the 2014 China International Auto Products Expo. Held from October 19 to 21 in Shanghai, the exhibition attracted more than 200,000 visitors, many of them keenly interested in the exhibition of electric vehicles and smart driving

FCCC Newsletter No 383, November 3, 2014 Page 7

technologies. The Chinese government identified new-energy vehicles as a strategic emergingindustry in 2012 and approved a plan for the industry's development. It called for 500,000 battery-powered electric vehicles and plug-in hybrids on the road by 2015, and 5 million by 2020. Government procurement will also give preference to new-energy vehicles. Bao Jie, President of China operations at MIRA, a vehicle-engineering consultancy, noted that electric cars are now viable vehicles and not just a concept.

• FAW-Volkswagen launched a recall of more than 270,000 Audi cars due to a faulty airbag, the second large-scale recall in October. The affected cars include 265,943 locally-produced Audi A4L and 4,692 imported Audi A4 Allroad cars made between May 25, 2012, and October 22, 2014. A problem with the settings of the airbag control unit could prevent the front airbag from deploying when the car is hit from one side. The recall is to update the software. Two weeks earlier, FAW-Volkswagen announced a recall of over 563,000 Sagitar sedans in China due the risk of broken rear axles.

FINANCE

New rules on local government debts issued

China issued new rules on handling outstanding local government debt but left out some controversial provisions that were contained in an earlier draft of the regulations. Chinese authorities are struggling to manage a massive USD3 trillion in outstanding local government debt, much of it raised by local government financing vehicles (LGFVs) to finance infrastructure and real estate projects. The Ministry of Finance wants to classify the debt and assign responsibility for it to appropriate bodies. Local government debt must be reported to the Ministry before January 5, 2015, together with estimates of the ability to repay and plans for doing so. The purpose is to prepare the foundations to include all government debt into budgets. Absent from the new regulations was the provision to allow local governments to issue municipal bonds and the granting of a grace period to LGFVs, which suggests local governments would be allowed to continue to rely on these vehicles to raise money to fund projects already under construction. Instead, China will encourage localities to use a Public-Private-Partnership (PPP) model to help fresh fundraising. The PPP model was not given prominence in the earlier draft. The Chinese government in early October said local governments could no longer use LGFVs for future fundraising, the Shanghai Daily reports.

China to open bank clearing business

China will open the bankcard clearing business to both domestic and foreign investors in an effort to broaden the opening-up in the financial sector. A Chinese government statement did not give any specifics on investors’ qualifications, but said that the country must improve management and prevent risks to safeguard the legitimate interests of card users. At present, China UnionPay is the only bankcard clearing institution in China. Visa, MasterCard and JCB International are expected to enter the market, while domestic financial institutions are likely toform a new payment service provider to compete with China UnionPay. China had issued 4.54billion bank cards by June 30, including nearly 4.12 billion debit cards and 422 million credit cards. Bank card transactions amounted to CNY109.58 trillion in the second quarter, up by 6.14% year-on-year. Since its founding in 2002, UnionPay has issued 3.35 billion cards, making it the world's largest card brand. Total bank card transactions in China leapt 37% year-on-year to CNY21.8 trillion in 2012.

• China started direct trading of the yuan and the Singapore dollar last week. This meanthe U.S. dollar will not be used as an intermediary currency to calculate rates. In September, China started direct trading between the yuan and the euro. The Singapore dollar is the ninth foreign currency to be directly traded in the onshore foreign exchange market, following the U.S. dollar, euro, British pound, Japanese yen,Australian dollar, New Zealand dollar, Malaysian ringgit and Russian rouble.

• China is studying pilot schemes that will allow domestic investors to make overseas investments using the yuan. Yuan deposits in Hong Kong, the biggest offshore yuan hub, stood at CNY937 billion at the end of August, the lowest level since February. The yuan pool expanded much more slowly this year than expected, mainly because of new ways for foreign investors to use yuan on the mainland to buy high-yielding assets and the yuan being cheaper in offshore markets.

FCCC Newsletter No 383, November 3, 2014 Page 8

• Two of China’s biggest banks reported sharply rising bad loans for the third quarter. Bank of Communications (BoCom) and Industrial and Commercial Bank of China (ICBC) reported their biggest quarterly increase in bad loan levels in two year. Last year, customers were hardest hit in eastern China, reflecting a credit crunch in the Yangtze and Pearl River delta regions, home to many private firms. Now, smaller and medium-sized firms further west might suffer, Bank of Communications said. The average non-performing loan (NPL) ratio among the five biggest banks climbed to 1.14% from 1.08% in the second quarter.

• The yuan set a global transactions record in September, accounting for 1.72% of global payments, up from 1.64% in August, according to the Society for Worldwide International Financial Telecommunications (SWIFT). The value of transactions in yuan increased 13.2% and the currency consolidated its rank as the seventh-most used currency in the world. A third of China's trade will be settled in yuan by 2015, andthe currency will become fully convertible by 2017, HSBC said in a statement.

• China is among more than 80 countries committed to signing a deal that could help end banking secrecy. Hong Kong has also pledged to join. Its sponsors hope the pact will be a major step in the global battle against tax evasion and fraud.

• China Citic Bank plans to raise up to CNY11.92 billion in a private placement of A shares to China National Tobacco Corp. It will be fully used to replenish the bank’s core tier-1 capital. The private placement is subject to shareholders’ approval at an extraordinary general meeting on December 16. Approval is also required by the Shanghai Stock Exchange and the Chinese authorities.

• Australian insurer AMP will pay AUD240 million for a 19.99% stake in China Life Pension, the largest pension company in China. The deal will make AMP the pension firm’s second-largest shareholder behind China Life Insurance. Founded in 2006 with 850 staff, China Life Pension provides enterprise annuity products to state-owned and private enterprises.

• With a growth of more than 30% last year to USD2.7 trillion, China’s shadow banking market is the third-largest after the U.S. and Britain, according to an annual report issued by the Financial Stability Board. The report, presenting data covering 25 jurisdictions and the euro zone, said China's shadow banking market “focuses on the subset of non-bank credit intermediation which potentially poses systemic risks to the financial system”.

• HSBC Holdings is calling for a review of the future role of the Hong Kong dollar (HKD),including possibly severing its peg to the U.S. dollar and switching it to the yuan instead, or even making the yuan the legal tender in the city. “The yuan is not yet a convertible currency so it cannot be pegged to. However, once it becomes convertible,it will be a different story,” Peter Wong, Asia-Pacific Chief Executive of HSBC, said.

FOREIGN INVESTMENT

China to invest more in UK transport and real estate

China is expected to invest about GBP105 in the United Kingdom over the next decade. The UK transport and real estate sectors will receive GBP19 billion and GBP36 billion respectively,while investment will also go to water, telecommunications and waste-management facilities, UK-based law firm Pinsent Masons and the Center for Economic and Business Research said in a report. The UK was ranked as the third-most attractive destination for Chinese foreign direct investment (FDI) in infrastructure after the U.S. and Japan.

• By the end of September, multinational companies (MNCs) had set up 378 research and development (R&D) centers in Shanghai, accounting for 25% of the national total. In 2013, foreign-funded firms in Shanghai spent CNY54.8 billion on R&D, up 13.2% from a year ago. Foreign-funded companies have contributed over 30% of Shanghai’s tax revenue and are responsible for a quarter of the city’s job creation.

FCCC Newsletter No 383, November 3, 2014 Page 9

FOREIGN TRADE

EU Chamber of Commerce in China comments on Fourth Plenum

The Fourth Plenum Decision addressed a number of key concerns of European Chamber member companies with regard to the rule of law and has sent encouraging signals. However, concrete implementation steps are required now to translate these decisions into action at all levels of the government and the judiciary, the European Union Chamber of Commerce said ina statement. The Chamber is encouraged by the fact that the Fourth Plenary Session’s Decision has reaffirmed the importance of the principle of ‘rule of law’. In last year’s 3rd Plenum Decision, the Chinese Government acknowledged that sustained economic growth in China relies on market forces and the ‘rule of law’.

The 4th Plenum Decision provides a blueprint to improve China’s legal, administrative and judiciary system. It states a commitment to the principles of “judicial fairness”, “governing the country according to the law”, “equality under the law” and “fair and civilized law enforcement”.Past implementation of these principles has, however, been weak, and the European businesscommunity hopes that this time the political will is strong enough to provide the judicial system with more independence, clarity and professionalism and to lead the business environment to a new level of certainty, accountability and transparency.In this year’s Business Confidence Survey, European Chamber members ranked an ‘Unpredictable Legislative Environment’ and ‘Discretionary Enforcement of Laws and Regulations’ as the top regulatory obstacles they encounter in doing business in China. Strengthening the rule of law and applying its guiding principles throughout the government and the judiciary is likely to address these core issues and increase legal predictability and certainty to the benefit of all market players, the Chamber said.

European Chamber President Jörg Wuttke stated: “The Party outlined a roadmap towards the year 2020 last November. The 4th Plenum Decision’s objective of strengthening the rule of lawis another decisive step on this path. China now needs to progress swiftly to let the market play its role and the government play its functions better under the auspices of the rule of law.”Mr Wuttke continued, “Greater emphasis on rule of law will serve China well in achieving its development goals. Increased transparency in both law making and implementation, adherence to due process as well as a judiciary free from government interference will be key. This will furthermore reduce corruption and increase trust in the marketplace.

Progress in Sino-Australian FTA negotiations

China and Australia have made considerable progress on a free trade agreement (FTA) between the two sides and on infrastructure investment, Australian Ambassador to China Frances Adamson said. Consensus has been achieved on several issues. The 21st round of bilateral free trade agreement negotiations, which started in 2005, completed in Beijing in earlySeptember and leaders from both countries have said that it is a priority to conclude the agreement this year. Although the Ambassador could not comment on the contents of the negotiations during the “final stage”, she did disclose that the talks touch upon sensitive issuesfor both sides. Australian Minister for Trade and Investment Andrew Robb will be in Beijing thisweek for the APEC meeting and is expected to discuss outstanding issues with his Chinese counterpart.

Shanghai Mayor promises to speed up development of FTZ

Shanghai Mayor Yang Xiong has promised to speed up development of China’s first pilot free trade zone (FTZ). He said the government would work towards making the yuan freely convertible, among other financial liberalization plans for the FTZ, but gave no timetable. Mayor Yang was speaking at the 26th meeting of the International Business Leaders’ Advisory Council (BLAC). Yang said the government would be offering a revised “negative list” of what is barred in the FTZ for 2015, following criticism that previous lists were too long. “Assessments by third-party institutions on the zone’s first-year operation showed breakthroughs have been made in many areas to build a service-oriented government and to allow the market to play a leading role,” Yang said, meanwhile acknowledging that “an assessment also pointed to gaps between the Shanghai free trade zone with some world-levelzones in terms of market openness, trade facilitation, financial deregulation and the administration system”. WPP Group CEO Martin Sorrell was elected Council Chairman. He said that the Shanghai FTZ should differentiate itself from the other 3,000 free trade zones

FCCC Newsletter No 383, November 3, 2014 Page 10

around the world. He added that the biggest advantage for the FTZ is the city itself, a busy port, a trading center and the commercial capital of the world’s second-largest economy. Some 12,600 companies have registered in the FTZ with 14% foreign-invested firms.

Experience gained at China’s Pilot Free Trade Zone in Shanghai can be copied to more places “as soon as possible,” President Xi Jinping told the Leading Group for Overall Reform. China plans to build several FTZs in other places, where practices from the Shanghai FTZ will be copied. Foreign trade in the zone reached CNY747.5 billion in its first year of operation.

• The gap between the Chinese mainland's reported exports to Hong Kong and the city's imports from the mainland widened in September to the highest level this year, suggesting that fake export-invoicing is again skewing trade data. The mainland recorded USD1.56 of exports to Hong Kong last month for every USD1 in imports Hong Kong registered, leading to a USD13.5 billion difference, according to data compiled by Bloomberg. Hong Kong's imports from the mainland climbed 5.5% year-on-year to USD24.1 billion, figures showed; while the mainland's exports to Hong Kong surged 34% to USD37.6 billion.

• A deal to export Australian cattle to China has stalled due to the presence in the Australian herd of bluetongue disease, a virus which is spread by midges, a tiny fly. While the disease usually has little effect on cattle, it would pose a major threat to China’s 140 million-strong sheep flock. A team of Chinese scientists is currently carrying out on-site inspections, but there is no timetable for an agreement and no guarantee one will be reached. Live exports could help curb high beef prices in China and open up a new market for Australian farmers. China’s total beef imports are expected to roughly treble to USD9 billion by 2025.

HEALTH

Completely foreign-owned hospitals approved for leading cities

Chinese regulators have approved the setting up of medical centers wholly-owned by overseas investors in top cities, but analysts warned that returns will be a long time coming. Seven provinces and municipalities have received the green light: Beijing, Tianjin, Shanghai, Jiangsu, Fujian, Guangdong and Hainan. The move comes after the shareholder ceiling for foreigners in joint-venture hospitals was raised to 70% in 2000. Three years ago, investors from Hong Kong, Taiwan and Macao were allowed to set up wholly-owned hospitals in severalprovinces and municipalities. Experts believe that there are about 150 hospitals with foreign shareholders in the country, including 40 each in Beijing and Shanghai. Fewer than 20% have 200 beds or more and only a few posted a profit, said Hanson Li, Co-founder and Managing Director of Beijing-based Huatone China Strategic Investment Solutions. The biggest stumbling block was the shortage of top domestic doctors, Li said. It would be impossible for a foreign health center to be staffed by overseas doctors, he added, as the cost alone would be prohibitive.

• Professor Peter Piot, Director of the London School of Hygiene and Tropical Medicine – and who discovered ebola in the 70s – has warned that China is under threat from the deadly virus because of the huge number of Chinese workers in Africa. He made the remarks at a two-day symposium in Hong Kong. He estimated the epidemic would last another six to 12 months. Piot stressed the importance of training people to spot at-risk air passengers before they boarded.

• A factory of U.S. Lakeland Industries in Anqiu, Shandong province, has expanded its capacity to produce protective clothing used in the fight against ebola. It is producing 6,000 protective suits a day, mainly for exports. Lakeland, which has its headquarters in New York, has decided to raise USD11.2 million through a private stock sale to support the increased market demand.

• Johnson & Johnson (J&J) launched a research center in Shanghai to develop new drugs and mobilize start-ups and talent from around the world. “We used to invest in manufacturing in China and develop the market, but the model, we believe, is not enough to bolster our future growth,” said Jesse Wu, Chairman of J&J China. The center will focus on research into hepatitis B, blood diseases, lung cancer and other lung diseases. J&J founded its first joint venture in China in 1985 and now employs

FCCC Newsletter No 383, November 3, 2014 Page 11

about 10,000 people in over 90 locations in the country.

• Guangzhou Vice Mayor Xie Xiaodan sought to allay fears over the ebola disease, saying that 16,000 African people live in the city, contrary to rumors there were nearly half a million. City border checkpoints recorded 430,000 arrivals and exits by nationalsfrom African countries in the first nine months, but only 16,000 live in Guangzhou. China will dispatch an elite unit from the People’s Liberation Army (PLA) to help ebola-hit Liberia, the Foreign Ministry said.

• Scientists in Beijing are developing a technique they hope will be able to heal broken bones in minutes rather than weeks. Researchers at Tsinghua University said the technology might also have military uses such as creating “superhuman” soldiers with stronger bodies. It involves injecting a heated liquid metal alloy into or around fractures that quickly hardens to mend and strengthen broken bones. The alloy consists of bismuth, indium, tin and zinc.

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MACRO-ECONOMY

Stable expansion of industrial output expected

Industrial output will maintain stable expansion in the fourth quarter, although the risk of slowing growth continues to weigh on the economy, the Ministry of Industry and Information Technology (MIIT) said. “While there is growing downward pressure, the country's industrial production is improving and we estimate that growth will maintain stability in the fourth quarter,” Zheng Lixin, MIIT Spokesman, told a news conference in Beijing. Industrial output

FCCC Newsletter No 383, November 3, 2014 Page 12

growth slumped to 6.9% year-on-year in August, the lowest level since the start of the global financial crisis in 2008. Growth in industrial output rebounded to 8% in September, but manufacturing will continue to face strong headwinds because of the uncertain global economic recovery and volatility in China's foreign trade, Zheng said. In the first three quarters, industrial production expanded 8.5% year-on-year, down by 0.3 percentage point from the first half, according to the National Bureau of Statistics (NBS). Industrial output accounted for 44.2% of GDP in the first nine months. The telecommunications and computer sector is a strong driver of China's industrial production. The sector’s output amounted to CNY1.9 trillion in the first three quarters, up 18% from a year earlier.

• Shanghai’s economy grew at a stable pace of 7% in the first three quarters, the Shanghai Statistics Bureau said, with services expanding 8.5%, faster than manufacturing’s 4.6%. In the first three quarters, Shanghai’s industrial output grew 2.6% from a year earlier, retail sales gained 8.5%, and fixed-asset investment rose 4.3%. Investment in the property sector still rose 8.2%. Shanghai attracted USD15.2 billion in foreign investment, up 12.9% year-on-year. Foreign investment in the city’s service sector jumped 132% in September to USD2.5 billion, while that in manufacturing rose 20.5% to USD284 million.

• China's economic growth will slow to 7.2% in the current quarter, down from the previous three months, as domestic demand weakens, according to Song Guoqing, Academic with the People's Bank of China (PBOC) Monetary Policy Advisory Committee. The nation's economy will probably expand 7.3% next year, he added. Song's view contrasted with a prediction by Fan Jianping, Chief Economist at the State Information Center, who told an industry conference that growth is expected to be 7% in 2015, unless the central government releases stronger-than-expected stimulus measures.

• Jack Ma, Founder of e-commerce firm Alibaba, is China’s richest person with a fortuneof USD19.5 billion, according to Forbes magazine. The number of Chinese billionairessurged to 242 this year from 168 in 2013, Forbes said in its annual “China Rich List”. Ma’s personal wealth ballooned to USD19.5 billion from USD7.1 billion last year after his company’s record-breaking initial public offering (IPO) on the New York Stock Exchange (NYSE) in September. Hurun put his wealth at a much higher estimate of USD25 billion.

• China’s industrial profits rose 0.4% from a year earlier in September, reversing August’s decline of 0.6%. September’s rebound was attributed to faster growth in sales, falling costs and a surge in earnings in the electronics, automobile and electricalmachinery sectors. in the first nine months, industrial profits rose 7.9% to CNY4.4 trillion. Profits at private businesses rose 9.7% for the nine-month period, higher than the 0.2% at state-owned enterprises (SOEs). Foreign-invested enterprises and those from Hong Kong, Macao and Taiwan posted the strongest profit growth of 13.6%.

• China's growth is expected to ease to slightly above 7% next year and the governmentshould focus on reforms to rebalance the economy instead of trying to meet specific targets, the World Bank said in its China Economic Update. GDP growth in China rose7.3% in the third quarter from a year earlier, the lowest since the global financial crisis.The major challenge is to keep the reform process going, the World Bank added.

• China’s manufacturing sector grew at its slowest pace in five months in October. The official purchasing managers’ index (PMI) fell 0.3 points from a month earlier to 50.8, the National Bureau of Statistics (NBS) and the China Federation of Logistics and Purchasing (CFLP) said. The October figure pointed to moderating growth for the thirdconsecutive month and was the weakest since May. The reading was still above the expansion-contraction threshold. The dip was partly due to the weeklong National Dayholiday.

MERGERS & ACQUISITIONS

Danone to acquire 25% stake in Yashili

French food company Danone said it will invest €437 million for a minority stake in domestic infant milk formula maker Yashili International. Through a private placement at HKD3.70 per share, Danone would hold 25% of Yashili as it extends a strategic alliance it formed with Mengniu last year. Mengniu would remain Yashili’s controlling shareholder with a 51% stake

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after Danone’s acquisition, which is likely to be finalized in a few months after gaining approvalfrom shareholders and regulatory authorities. Danone last year paid USD665 million to raise its stake in Mengniu to 9.9% to cement its foothold in the dairy segment. “We are combining Mengniu’s wide-reaching network in China with Danone’s international expertise in infant milk products and we’re confident to grow all our brands in the Chinese market,” Danone CEO Emmanuel Faber said in a statement. China’s milk formula market jumped 21% to CNY91.2 billion last year, according to market research firm Euromonitor International.

New Zealand’s Fonterra Cooperative Group, the world’s biggest dairy exporter, said China’s government has lifted a ban on imports of whey powder and base powder containing whey for infant formula. The ban was imposed in August last year in the wake of fears that whey powder had been contaminated with a bacteria that could cause botulism. Fonterra said the two products accounted for about 3% of its total exports to China.

• Chinese state-owned enterprises (SOEs) posted their first year-on-year drop in the value of outbound mergers and acquisitions (M&As) in the first three quarters of 2014 while private companies more than doubled theirs during the same period, PricewaterhouseCoopers (PwC) said. The value of M&As by SOEs dropped 37% to USD23.1 billion, while those made by private companies soared over 120% to USD17.7 billion. PwC blamed the decline in overseas acquisitions by SOEs to their increasing domestic focus on market-oriented reforms and fewer M&A opportunities inthe energy and power sector. Meanwhile, private companies pursued overseas M&As in the advanced technology and resources sectors.

• China's state-owned food conglomerate Cofco aims to form an international food supply chain after its USD3 billion acquisition of two food traders. Ning Gaoning, Chairman of Cofco, said it would take about three years to consolidate and integrate the businesses of the two trading companies – Noble Group's agricultural products trading unit and Dutch grain trader Nidera.

• Lenovo Group announced the completion of its acquisition of Motorola Mobility from Google in a USD2.9 billion deal. Lenovo will operate Motorola as a wholly-owned subsidiary. Its headquarters will remain in Chicago. Google will maintain the ownership of a majority of the Motorola Mobility patent portfolio, but Motorola will retain over 2,000 patent assets. Lenovo hopes the merger will help it challenge marketleaders Samsung and Apple.

REAL ESTATE

More price drops expected

China property prices could fall as much as 10% this year and the slump may extend into next,according to Vincent Mo, Founder and Chairman of SouFun Holdings. Chinese property pricesare “seeing an adjustment after the rapid increase in the past two years”, but he added they “should stabilize by the middle of next year”. China's new-home prices fell in all but one city monitored by the government in September from August, the most since January 2011 when the way the data are compiled changed, as an easing of property curbs failed to stem a marketdownturn amid tight credit. Home sales slumped 11% in the first nine months, prompting the central bank to ease mortgage restrictions on September 30. All but five of the 46 cities that had imposed limits on home ownership since 2010 have now removed or relaxed restrictions amid the property downturn that has dented local revenues from land sales. Mo said SouFun'sAmerican depositary receipts (ADRs) have dropped 45% this year. The property website, which covers more than 300 Chinese cities, is seeking to generate additional revenue from property transactions and financial services. Declines in China’s new home prices slowed in October, though figures still fell for a sixth straight month. The average price of a new home in 100 major cities was CNY10,629 per square meter in October, down 0.4% from September. Among the country’s 10 biggest cities, six saw declines in October from the previousmonth, with Hangzhou falling the most at 2.58% to CNY16,166 per square meter. Prices in Beijing gained 0.69% to CNY32,504 per sq m. Year-on-year, prices in the 100 surveyed cities fell 0.52% in October from the same month last year.

• A new business district 18.5 kilometers west of Tiananmen Square in Beijing is to be launched around the Financial Street Chang'an Center. The government of Shijingshan district has partnered with state-owned Financial Street Holdings Co to

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develop the area. The plan is to create a vast business hub based on the old Shougang site, to be called Chang'an Avenue New Business District.

• Billionaire Harry Triguboff, Australia's fourth-richest man, is in talks with a Chinese company to sell Australia's biggest homebuilder Meriton, which he founded more than 50 years ago. Triguboff, who was born in Dalian, China, and grew up in the Russian community of Tianjin, is worth USD5.3 billion, according to the Bloomberg Billionaires Index. He said he is talking with only one potential buyer, and will sell only if the Chinese acquirer is willing to take over all of the company.

• Chinese property and film conglomerate Wanda Group celebrated the opening of its 100th Wanda plaza in Kunming, Yunnan province, while seeking to raise up to USD6 billion by listing its core shopping centers and hotel business in Hong Kong. Wanda said 71 of the 159 Wanda plazas it planned to build were finished by the end of June and 48 of the 102 hotels it had planned had been completed.

RETAIL

Pizza Express to quadruple number of outlets

British restaurant chain Pizza Express plans to more than quadruplethe number of its outlets inChina over the next five years, aiming for 100, to compete with the likes of Pizza Hut and PapaJohn's Pizza. Richard Hodgson, Chief Executive of Pizza Express, announced the expansion plan in Shanghai last week. Pizza Express was bought out by Chinese private equity group Hony Capital for GBP900 million in July. Pizza Express now runs 23 outlets in three Chinese cities – Hong Kong, Shanghai and Beijing – and its Chinese businesses would contribute 20% of the company's profits in five years.

• China’s consumer sentiment tumbled to a three-year low in October. The Westpac MNI China Consumer Sentiment Index fell 2 points to 110.9 in October from 113.2 in September. Huw McKay, Westpac’s Senior International Economist, said that policies could be further eased and that “a mix of sector-specific and macro-economic measures will be required.”

• Amazon’s new service allowing Chinese consumers to directly buy products from its overseas websites and pay in yuan will start early this month. Six overseas Amazon sites – the United States, Germany, Spain, France, Britain and Italy – offer 80 million products, including clothes, sportswear, kids goods, shoes, cosmetics and health care products. The market for Chinese online shopping of imported goods will surge to CNY120 billion in 2014, a jump of 50% from a year earlier, according to Beijing-based Analysys.

SCIENCE & TECHNOLOGY

Chinese probe circles the moon and returns to earth

An experimental Chinese spacecraft that flew around the moon and back returned safely to earth. The eight-day trip marked the first time in almost four decades that a spacecraft has returned to earth after traveling around the moon. China plans to send the Chang’e 5 to the moon in 2017 and have it return after collecting soil samples. If successful, China will become only the third country, after the United States and Russia, to complete such a mission. Last year China succeeded in landing a craft and rover on the moon, but the rover experienced mechanical problems. The latest mission was aimed at obtaining experimental data and testing technologies for re-entry to the earth’s atmosphere. The spacecraft returned to earth using a Soviet-designed method in which it first bounced off the atmosphere in order to slow its entry speed and avoid burning up.

• Shanghai’s Fudan University and University College Dublin signed an agreement to offer joint master’s degrees in computer science and software development, while Tongji University and the University of Limerick renewed a dual master’s degree program in financial services and computational finance. China’s Association of Chartered Certified Accountants (ACCA) and the University of Limerick signed an agreement to offer Chinese students who complete a four-year bachelor’s degree in accounting, or selected ACCA papers, to do their postgraduate study in accounting at

FCCC Newsletter No 383, November 3, 2014 Page 15

the University of Limerick. About 5,000 Chinese students every year go to study in Ireland.

• Chinese billionaire couple Pan Shiyi and Zhang Xin, the husband-and-wife duo behindreal estate firm Soho China, gave Harvard University USD15 million in the first stage of a USD100 million program that they say will fund disadvantaged Chinese students at top institutions across the globe. “The Soho China Scholarships aim to provide the best possible educational opportunities to the most outstanding students from China, enabling them to maximize their potential in their contribution to mankind,” Pan said. But some people criticized the couple for not giving the money to Chinese domestic institutions.

STOCK MARKETS

Hope rises for early launch of through-train program

The Shanghai and Hong Kong stock exchanges conducted simulated trading for the through train program, renewing hopes for an imminent launch of the cross-border equity trading system. Brokerages in Shanghai were informed by the Shanghai Stock Exchange (SSE) of theresumption of the tests following a time-out. The two exchanges have been testing the trading system on weekends for some time. In April, the authorities had said the two exchanges wouldtake six months to complete technical preparations for the through-train scheme, under which investors on the mainland and in Hong Kong would be allowed to conduct cross-border share trading. Though the regulators never officially announced a date for the launch of the through-train program, it was widely believed to be October 27. But no announcements were made thatday, to the disappointment of the markets, which have been eagerly awaiting the scheme. “The resumption of testing is a positive sign, but the guessing game will continue unless the regulators publicly announce a date,” said Dong Jun, Shanghai-based Hedge Fund Manager. Firms with dual listings show that A shares, listed in Shanghai, were trading at a 2.5% discountto their Hong Kong-listed counterparts.

• Haitong International Securities Group, the overseas unit of China's second-largest brokerage, plans to buy London-based brokerage Japaninvest Group for USD20 million, a 77% premium. Haitong International in August raised USD600 million in a five-year bond deal. Larger rival Citic Securities bought CLSA from Credit Agricole for USD1.2 billion last year.

• The China Securities Regulatory Commission (CSRC) released rules covering futures companies, encouraging overseas investors to participate in the Chinese market. “We will loosen the limits on clients opening futures accounts and remove obstacles to bringing in overseas clients to the crude oil market,” said Deng Ge, Spokesman for theCSRC. In late 2013, the CSRC approved UBS Securities Co's application to acquire Shanghai Pumin Futures Brokerage Co, which made it the fourth Chinese futures company with foreign capital.

TRAVEL

United Airlines to fly to more Chinese cities

United Airlines will expand into more Chinese cities. The airline launched its Shanghai-Guam route last week, and will use Boeing 787-9s on its Shanghai-Los Angeles route starting in March. United may also raise the frequency of its tri-weekly Chengdu-San Francisco service, its first route to a second-tier city in China. Statistics from the CAPA Center for Aviation show that 39 services were added on cross-Pacific routes from 2009 to 2014. U.S.-based carriers retain the largest share in the market but are facing increased competition from Chinese airlines. China Eastern Airlines, which just received its first Boeing 777-300ER in September, announced a “Pacific Plan” to improve its brand and market shares in North America. Hainan Airlines has put its entire new fleet of Boeing 787s on North American routes as well.

• The Civil Aviation Administration of China (CAAC) is planning to scrap luggage allowances, removing the requirements related to luggage size, weight and number of pieces, in order to give airlines the power to set fares. This would be a positive development for budget airlines. Budget carriers are estimated to account for less than5% of China’s aviation market, compared with the global average of about 30%.

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• Beijing will likely increase the price of subway tickets to a starting price of CNY3 and it will be capped at a maximum of CNY9, depending on distance traveled. It is first price hike in seven years. Bus fares will go up to CNY2, also with a CNY9 maximum. Frequent subway users will get discounts. The average price for a single trip on the subway would rise to CNY4.3, up from the current flat price of CNY2. Subway expenses would account for 5.4% of the average per-capita disposable monthly income of Beijing residents, up from the current 2.6%, if the plan is adopted.

• China and the United States have become each other's fourth-largest tourist destinations, with about 4.05 million tourists traveling between the two countries last year, according to Shao Qiwei, Director of the China National Tourism Administration (CNTA). 1.97 million Chinese travelers visited the U.S. last year, an annual increase of14.2%. Shao expects the number of Chinese tourists traveling to the U.S. to reach 20 million in 2020. While Chinese tourists spent a total of USD9.8 billion in the U.S. last year, an average of USD5,414 each, tourists from the U.S. spent USD6.3 billion in China last year, an average of USD3,036.

• China’s ARJ21 regional jet began its month-long trial flights at more than 10 airports totest the aircraft’s reliability before starting commercial flights early next year. So far, four ARJ21-700 jets have completed 2,200 takeoffs and landings as well as over 4,500 hours of flying since a maiden flight in November 2008. The ARJ21 jet is slated to start commercial flights with Chengdu Airlines, the first buyer, early next year. The jet has received over 250 orders from domestic and foreign airlines.

• Terminal 1 at Shanghai’s Hongqiao International Airport is set to undergo its largest renovation since opening in 1921. An expansion of the floor area by almost 40% will make it much easier for passengers arriving by taxi or on the metro, while the higher ceilings will give the terminal a roomier and more welcoming feel. The entire project is scheduled for completion in 2017.

• A new high-speed rail link between Shanghai and Changsha in Hunan province will open before the end of the year, cutting the journey between the two cities from sevenhours to five and about 10 hours faster than standard train services. The 931-kilometer section between Changsha and Hangzhou in Zhejiang province is part of theShanghai-Kunming High-Speed Railway, which will become fully operational in 2017.

• Falling oil prices and a strengthening yuan have helped Chinese airlines post third-quarter earnings that were greatly improved following first-half profit slumps and analysts expect the trend will continue and help them meet full-year earnings expectations. The Big Three state-owned airlines – Air China, China Eastern and China Southern – all posted earnings of more than CNY2 billion each for the three months to the end of September, compared with a net loss of CNY1 billion in the first half for China Southern, a net profit of CNY14 million for China Eastern, and Air China's first-half net profit of CNY510 million.

VIP VISITS

Czech President advocates visa free access to EU for Chinese citizens

Chinese citizens should get visa-free access to the European Union, putting an end to often lengthy application procedures, Czech President Milos Zeman said at the end of his visit to China. He said a “step by step” approach is needed but he was confident of a successful outcome that would transform travel for millions of Chinese tourists and businesspeople. Zeman also said he would like to see direct flights from the Czech Republic to China. The Czech Republic is to open a Consulate-general in Chengdu, its fourth diplomatic mission in China. The Bank of China (BOC) is also planning to set up its first branch in Prague. China-Czech bilateral trade was worth USD17.38 billion last year.

• China pledged to provide non-reimbursable assistance of CNY500 million to Afghanistan this year. Over the next three years, it will provide CNY1.5 billion to help the country train 3,000 people and provide 500 scholarships, Chinese Premier Li Keqiang said when he addressed the opening ceremony of the 4th ministerial conference of the Istanbul Process on Afghanistan, as Afghan President Ashraf Ghanivisited China.

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ONE-LINE NEWS

• Ni Fake, former Vice Governor of Anhui province, who is suspected of receiving jade worth CNY12 million, has been charged with taking bribes. Ni was also accused of owning a large number of properties that he couldn't explain. The case was moved to the Intermediate People's Court in Dongying, Shandong province.

• Beijing is home to the most new software companies created outside the United States since 2003, and they are valued at more than USD1 billion, according to Atomico, a venture capital investor led by Skype Co-founder Niklas Zennstrom. Beijingalso hosts the most new software developers to start in the business since 2003.

• A trade union federation was launched at Taiwanese footwear firm Yue Yuen Industrial Holdings in Gaobu town, Dongguan, Guangdong province, after strikes in April over underpaid contributions to workers' social insurance benefits. About 27,000 Yue Yuen workers, nearly 70% of its workforce, have joined.

• Feng Jun, General Manager of State Grid Shanghai, is being investigated for corruption by the Chinese Communist Party’s Central Commission for Discipline Inspection (CCDI). He was elected last year as a National People's Congress (NPC) delegate.

• A report by the U.S. Natural Resources Defense Council (NRDC) says China's war on pollution has not extended to the shipping sector. The thousands of ships that ply China's waters were delivering a toxic cocktail of pollution, with just one ship capable of emitting the same pollution as half a million trucks each day, the report said. Seven of the 10 biggest ports are in China, with more than a quarter of the planet's maritime cargo passing through the country's ports.

• The Michelin Guide awarded between one and three stars to 64 restaurants in Hong Kong – two more than last year. Five received the highest three-star recognition, 14 received two stars, and 45 one star.

• 104 fugitives suspected of corruption who had fled overseas have now been caught, China announced on October 29 – exactly 100 days since the launch of the crackdown dubbed “Fox Hunt 2014”. The number already exceeds the total for last year. The Ministry of Public Security also said on its website that an additional 76 suspects have agreed to return to China voluntarily.

• Anti-corruption investigators found more than CNY200 million at the Beijing home of Wei Pengyuan, former Deputy Director of the National Energy Administration’s Coal Bureau. It was the largest amount of bribes in cash they had uncovered since the People’s Republic of China was founded in 1949. If it was all in 100 yuan notes, it would make a pile some 230 meters high.

JOBS

Operations Manager Reynaers Aluminium

Working at Reynaers. A challenge worth taking up.

Reynaers Aluminium was established in 1965 in Belgium and specialises in the development and marketing of innovative aluminium systems for building industry: windows, doors, sliding systems, conservatories, curtain walls and brise-soleil. We develop, market and distribute aluminium systems for new-build and renovation projects worldwide. Reynaers in China is a fully operational entity with local sourcing and sales in since 2005. Currently more than 20 people, HQ in Shanghai with warehouse & insulation plant in Jiangsu province.

To support our growth strategy in China we are looking for an Operations Manager.

Duties & responsibilitiesThe successful candidate will report directly to the General Manager with a dotted line into the Global purchasing structure and will be responsible for:

• Local sourcing, supply chain and logistics, Quality Control, customer• services,• Warehouse and production,• ERP,• Daily management of his team,

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• Developing and managing supplier base for sourcing aluminium• extrusions, accessories, gaskets, surface treatment, find new suppliers,• Developing and implementing strategies and principles to drive

cost/quality/service/KPI of suppliers in close collaboration with Global• purchasing team,• Implement and manage Quality Control system,• Communication with customers,• Monitor and constantly improve performance towards customers,• Communication with related departments HQ in Belgium.

RequirementsEducation:

• You are a master, or engineer, or equal experience in manufacturing and supply chain.

Experience:• At least 6 year managerial experience in the field of operations or supply chain

preferably in windows and doors, building materials or construction related industries. Experience in the aluminium industry is a plus.

Knowledge, skills and abilities:• Proven record in logistics organizations, operations, supply chain and people

management• Ambitious and positively assertive in your approach• You are skilled in planning & follow up• You handle projects and manage people in a result oriented and communicative way

and are able to make decisions quickly from a helicopter point of view,• Negotiation is a key skill together with analysis capabilities,• You are able to work in a team and proficient in using standard IT tools• The face to face contact in the field is important for your function• Frequent travel is expected both within as outside China• Entrepreneurial attitude

Languages:• Fluent knowledge of English is a requirement. Knowledge of Chinese will be

considered a big advantage.

The selected candidate will be part of local senior management team, based in Shanghai and will be traveling within country and abroad according to the business needs. Interested to apply? Please send your CV to albertas.jerusevicius@reynaers.com

Representative China Platform (Province of East Flanders – University Ghent) Beijing office

The University of Ghent has a full-time vacancy for a representative in Beijing pursuant to the “Agreement between the Province of East Flanders and UGhent on a common representation in Beijing (China)”. The tasks of the representative include acting as a liaison in China for the University of Ghent and the Province of East Flanders and to identify opportunities for companies of East Flanders, among others. Candidates are requested to send their cv and motivation letter by e-mail to: Isabelle De Coen (isabelle.decoen@ugent.be), tel. 09 264 70 30,Peter De Steur (peter.de.steur@oost- vlaanderen.be), tel. 09 267 86 85. More information about this vacancy is available on the FCCC website.

JOB SEARCH

Finance and accounting graduate looking for a job

Ms. Monique Liu is studying accounting and finance in the UK and is finishing a postgraduate course. She is looking for a suitable job. She studied at the University of Bath and the Imperial College Business School. She completed internships at the Bank of China, PricewaterhouseCoopers, KPMG and Citibank. Her C.V. can be consulted at the FCCC website. Monique Liu's e-mail address: moniquely1207@gmail.com

FCCC Newsletter No 383, November 3, 2014 Page 19

Your banner at the FCCC website or newsletterCompanies interested in posting a banner/an advertisement on the FCCC website, FCCC weekly newsletter or bi-weekly sectoral newsletters are kindly invited to contact the FCCC at: info@flanders-china.be

Organisation and founding members FCCCPresident: Mr. Bert De Graeve, Chairman of the Board, NV BEKAERT SAVice-President: Mr. Stefaan Vanhooren, President Agfa Graphics, Member of the Executive Committee of the Agfa Gevaert Group, NV THE AGFA-GEVAERT GROUP 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. Bert De Graeve, Chairman of the Board, NV BEKAERT SAMr. Jozef De Mey, Chairman of the Board, NV AGEAS SAMr Philippe Vandeuren, Legal & Corporate Affairs Director Benelux & France, NV AB INBEVMr. Carl Peeters, CFO, NV BARCO SAMr. Kris Verheye, Vice President Corporate Division, NV BELGACOM SAMr. Johan Verstraete, Vice-President Marketing, Sales & Services Weaving Solutions, NV PICANOL SAMr. Luc Maton, General Manager Asia Region, NV AHLERS SAMr. Philip Hermans, Director General, NV DEME SAMr. Egbert Lox, Vice-President Government Relations, NV UMICORE SAMr. Wim Eraly, Senior General Manager, KBC Bank SA

Membership rates for the period September – December 2014:● SMEs: €150● Large enterprises: €325

Contact:Flanders-China Chamber of CommerceLammerstraat 18, B-9000 GentTel.: +32 9 266 14 60/61 – Fax: +32 9 266 14 41E-mail: info@flanders-china.be Website: www.flanders-china.be

Share your story:To send your input for publication in a future newsletter mail to: info@flanders-china.be

FCCC Newsletter No 383, November 3, 2014 Page 20

This newsletter is realized with the support of Flanders Investment & Trade.

The FCCC Newsletters are edited by Michel Lens, who is based in Beijing and can be contacted by e-mail michel.jc.lens@gmail.com . Disclaimer: the views expressed in this newsletter are not necessarily those of the FCCCor its Board of Directors.

FCCC Newsletter No 383, November 3, 2014 Page 21