Food & Beverage

Export Value of Coffee from Vietnam Reached USD 3.21 Billion, 2017

According to CRI’s information from the Vietnamese government, the export volume of Vietnamese coffee was about 1.42 million tons in 2017. The export value reached USD 3.21 billion. Germany and the U.S. are the first two major export destinations of Vietnamese coffee. Many years ago, Major agricultural exports from Vietnam were rice, rubber, etc. In recent years, however, traditional products such as rice have been overshadowed by coffee with the rapid increase of coffee export. Coffee planting industry in Vietnam started 150 years ago, with coffee trees introduced by French…

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Medical Healthcare

Import of Condoms in China Up by 65.8% YOY from Jan. to Nov. 2017

The total imported value of condoms in China reached USD 220.85 million, up by 65.8% YOY, from January to November, 2017. According to CRI’s analysis on data from China Customs, major sources of imported condoms in China were Taiwan, Malaysia, Thailand and Japan. The demand for quality condoms grows with the development of the economy and the improvement of livelihood. Although China is the largest condom producer and exporter, it lacks famous domestic brands, which result in the low-end market positioning of domestic condoms. According to CRI, the export volume…

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Automobile

Overview of China’s Automobile Market

China is the world’s largest new automobile market as measured by the volume of new automobile retail transactions in 2016, and is the world’s second largest automobile market as measured by the volume of overall automobile retail transactions in 2016, following the United States. In 2016, the volume of new and total automobile retail transactions in China reached 23.9 million and 31.6 million, respectively. There remains significant room for growth in China’s automobile market. Despite the large volume and value of automobile retail transactions, the automobile density is still relatively…

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Logistics & Transport

Third-party Logistics Industry in China

Definition and categorization of 3PL Third-party logistics service providers (‘‘3PL providers’’) typically specialize in integrated operations such as warehousing and transportation services which can be scaled and customized to meet customers’ individual needs based on market conditions, including the demands and delivery service requirements for their products and materials. 3PL providers target particular functions within the supply chain management process such as warehousing or transportation. The advantages of outsourcing logistics to 3PL service providers include low capital commitment, cost savings and flexibility. First, there is no need for a warehouse…

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Manufacturing

China Garment Market

In brief, China garment market showed an upward trend in the period of 2011 to 2016. The revenue of this market increased from CNY1,381.0 billion in 2011 to CNY2,167.0 billion in 2016, representing a CAGR of 9.4%. In the following five years, driven by the increase in disposable income, improvement of living standard and multiple sales channels, China garment market is estimated to grow at a CAGR of 7.9%, reaching CNY2,933.1 billion in 2020. Main Drivers of Garment Market in China The Steady Growth of Disposable Income in China The…

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Business & Finance Industry Analysis

Microfinance Industry in China

In May 2008, the CBRC and the PBOC jointly promulgated the Guiding Opinions, which sets out the fundamental requirements for establishing, registering and operating a microfinance companies at the national level. This was a significant step in advancing the industry and led to a rapid increase in government registered microfinance companies in China. In addition, through issuing The Guidance on Financial Support for Adjustment and Transformation and Upgrade on Economic Structure (关于金融支持经济结构调整和转型升级的指导意见) in July 2013, the PRC Government increased its support in the microfinance industry and provided guidance on the…

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Manufacturing

China Sewing Threads Industry

The total production volume of sewing threads in China peaked in 2014 and then decreased in 2015 and 2016, mainly because of the weakened export performance. Sustaining the consumption of garment is expected to drive the total production volume of sewing threads in China to recover with an increase from 297.3 thousand tonnes in 2016 to 308.2 thousand tonnes in 2021 with a CAGR of 0.7%. The domestic sales volume of sewing threads in China was greatly affected by the production volume of garment from 107.0 thousand tonnes in 2011…

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