Manufacturing

China’s Machine Tool Market

Despite being influenced by the financial crisis of world economy in 2012 and its subsequent impact, China machine tool industry has witnessed an overall growth since 2011 due to government policies aiming to advance new technology and expand mechanical industries, resulting in a high demand and revenue for China machine tool market. According to Research, the market size of China machine tool industry by revenue and sales volume reached approximately CNY 284.1 billion and 1,797,100 units, respectively in 2016, demonstrating a CAGR of approximately 1.9% and 1.6% in terms of…

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Energy & Chemicals Food & Beverage

Overview of China’s Urea Market

Urea has a wide range of applications. Its main use in agricultural applications is to act as an effective neutral nitrogen fertilizer. Industrial uses of urea are rapidly growing owing to its wide applications, as raw materials for the synthesis of polymers are necessary for producing formaldehyde resin, which is then used to manufacture plastics, coatings and adhesives. Urea can also be used in cosmetics as a moisturizer and it is a common ingredient in skin care and personal care products, such as face cream, shampoo, hair conditioner and hand…

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Industry Analysis

Overview of the Private Higher Education Industry in China

The private higher education industry in China has experienced rapid growth as it entered the phase of regulated development when the relevant government authorities made great endeavor in completing the regulative framework for private higher education. Private higher education institutions in China can be divided into three categories, namely, private universities (民办普通本科), independent colleges (独立学院) and junior colleges (民办普通专科). Private higher education institutions are distinct from public institutions of higher education mainly in that public institutions of higher education are generally operated by the PRC national or local governments and…

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Construction

China Marble Industry Overview

China’s marble industry has grown significantly in recent years. China has taken the leading role in the consumption of marble slabs, which was proved by its shares in the sales volume and sales value of marble slabs in the global market. In 2016, China occupied approximately 31.3% in the global sales volume of marble slabs and approximately 25.1% in the global sales value of marble slabs. Meanwhile, China possessed the largest production volume of marble slabs around the world, with an approximate 32.0% share of the world’s total processing output…

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Industry Analysis

Driving Factors for Education Industry in China

• Income growth for middle class in China is expected to drive up education spending: According to Research, the per capita disposable income of Chinese urban households increased rapidly from CNY 24,565 in 2012 to CNY 31,195 in 2015, and is forecasted to increase to approximately CNY 44,290 in 2020. The rise of middleclass families in China is expected to drive the spending on premium education, as such families are relatively well educated and they consider that good education background could benefit their children in the long run. • Encouragement…

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Industry Analysis

OVERVIEW OF THE PRIVATE FUNDAMENTAL EDUCATION INDUSTRY IN CHINA

Market size and trends of the private fundamental education industry in China Private education was first allowed in China by law in early 1980s to bridge the shortage of public resources. Private education has experienced rapid growth and become an important segment in the PRC education system. According to the Research, total revenue generated by the PRC private fundamental education industry increased from CNY 124.1 billion in 2012 to CNY 184.2 billion in2015, and is expected to increase to CNY 325.5 billion in 2020, representing a CAGR of approximately 14.1%…

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Medical Healthcare

Analysis on Blood Product Industry in China

China’s blood product industry demonstrated a good prospect in 2016. The National Institute for Control of Pharmaceutical Biological Products inspected more than 4000 lots of blood products in total, equivalent to approximately 59 million bottles, which exhibited an upward trend. The present Chinese market is dominated by domestic products, with imported products occupying less than 5% of market shares. The lack of raw materials has an impact on the blood products. In particular, the demand volume of human serum albumin is 50% higher than the supply volume, contributing to a…

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Automobile

Development Index of China’s Electric Vehicles Ranks First Globally

Statistics demonstrate that this is the first time for China to rank the first in terms of the development index of electric vehicles. China is expected to dominate the world’s market of electric vehicles in the future. Despite stricter government policies concerning new energy and fewer financial subsidies, market shares of electric vehicles and battery manufacturing will continue to grow, further presenting extended competitive advantages. In 2016, over 350 thousand plug-in hybrid electric vehicles and battery electric passenger vehicles were produced in China, accompanied by the sales growing at a…

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Energy & Chemicals

Analysis on Market Demand of Natural Gas in China, 2017

In China, natural gas consumption can be classified into four categories: industrial fuel accounts for 38.2%, urban gas consumption accounts for 32.5%, power generation accounts for 14.7%and that in the chemical industry accounts for 14.6%. Due to the increasing awareness of environmental protection, China is making efforts to promote the use of clean energy. In the 2017 report on the work of government, it is clearly proposed to improve the energy structure by increasing clean energy consumption by 1.7% and reducing coal consumption by 2%. In this sense, the consumption…

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Manufacturing

Analysis on Valve Industry in China, 2017

The valve industry is featured with small scale of production and low industry concentration in China. According to statistics, China has over 3,000 valve manufacturing enterprises, which is the largest in the world. However, most of these enterprises are of small scale and family-owned, among which there are no more than 500 enterprises with annual sales revenue reaching CNY 5 million, and only a dozen enterprises with annual sales revenue exceeding CNY 100 million. The total market share of the first ten enterprises is only around 8% and 9%. Low…

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