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ATI Newswire - the latest updates

April 27, 2016

BEIJING - The market for industrial and service robots in China is expected to be worth RMB100 billion (US$15.4 billion) within three years, according to a report from the German-based International Federation of Robotics. Sales of robots in China are set to almost triple by 2018, defying a slowdown in the wider economy, according to a report in the China Daily.

April 27, 2016

HONG KONG - Tight margins are likely to plague Greater China's consumer products, gaming, retail, and telecommunications sectors as competition heats up further, according to ratings agency Standard & Poor’s, which believes China's retail sector is likely to struggle as industry rivalry ramps up, forcing companies to chalk up large marketing costs and to expand aggressively.

April 27, 2016

HONG KONG – All eyes are on Hong Kong as it prepares to publish its trade data, including its cross-border trade flow with China. French banking major Nataxis says it expects Hong Kong Customs data to reveal a year-on-year fall of 10% in Hong Kong exports to China.

“The projected huge difference between China and Hong Kong’s statistics implies that mis-invoicing should have continued in March.” Nataxis says.

April 27, 2016

BEIJING - On 1 May 2016, China will complete its VAT pilot programme and end the bifurcated value-added tax (VAT) and business tax (BT) system that has been in place since 1994. A comprehensive and uniform VAT system will apply to all industries, and business tax (BT) will be swept into the dustbin of history.


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Business Diary

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HKTDC Hong Kong International Building and Hardware Fair

October 26, 2016 to October 29, 2016

Organised by the HKTDC and held at the AsiaWorld-Expo (AWE), the Hong Kong International Building and Hardware Fair features Bathroom & Kitchen, Building & Decorative Hardware, Building Technology, Ceiling & Curtain Wall, Ceramics, Stone & Marble, Coating & Chemicals, Door & Window, Furniture, Green Building Materials, Indoor Decorative Materials, Property and Facility Management, Testing, Inspection & Certification.

Eco Expo Asia - International Trade Fair on Environmental Protection

October 26, 2016 to October 29, 2016

Organised by the HKTDC and Messe Frankfurt (HK) Ltd., Eco Expo Asia takes place at the AsiaWorld-Expo (AWE).The fair is an international trading platform showcases the latest innovations in environmental protection industries from around the world. Areas of specialty covered at the fair include Air & Water Quality, Eco-friendly Product, Energy Efficiency & Energy, Green Building as well as Waste Management and Recycling.