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Newsletter5 December 2017
FCCC/EUCBA ACTIVITIES
Meeting and Reception with the Ambassador and Consuls General of Belgium in ChinaFriday 15 December 2017 at 18h00 – Brussels
The Flanders-China Chamber of Commerce (FCCC) is organizing a meeting and reception with the Ambassador and Consuls General of Belgium in China. This event will take place on Friday 15 December 2017 at 18h00 at Umicore, Broekstraat 31, 1000 Brussels.
This meeting is an excellent opportunity to discuss your companies’ activities in China with the Ambassador and Consuls General of Belgium in China.
The theme of the speeches will be:
Economic Opportunities in the Chinese “New Era”
Programme:
18:00 Registration
18:30 Speeches by:• Mr Stefaan Vanhooren, Chairman, Flanders-China Chamber of Commerce• Mr Marc Vinck, Ambassador of Belgium in China• Mr Paul Lambert, Consul General of Belgium in Shanghai• Mr Joris Salden, Consul General of Belgium in Guangzhou• Ms Michèle Deneffe, Consul General of Belgium in Hong Kong and Macao
Newsletter5 December 2017
FCCC/EUCBA ACTIVITIES
Meeting and Reception with the Ambassador and Consuls General of Belgium in ChinaFriday 15 December 2017 at 18h00 – Brussels
The Flanders-China Chamber of Commerce (FCCC) is organizing a meeting and reception with the Ambassador and Consuls General of Belgium in China. This event will take place on Friday 15 December 2017 at 18h00 at Umicore, Broekstraat 31, 1000 Brussels.
This meeting is an excellent opportunity to discuss your companies’ activities in China with the Ambassador and Consuls General of Belgium in China.
The theme of the speeches will be:
Economic Opportunities in the Chinese “New Era”
Programme:
18:00 Registration
18:30 Speeches by:• Mr Stefaan Vanhooren, Chairman, Flanders-China Chamber of Commerce• Mr Marc Vinck, Ambassador of Belgium in China• Mr Paul Lambert, Consul General of Belgium in Shanghai• Mr Joris Salden, Consul General of Belgium in Guangzhou• Ms Michèle Deneffe, Consul General of Belgium in Hong Kong and Macao
NEWSLETTER 5 DECEMBER 2017 2
19:00 Exchange of views and networking with the Ambassador and Consuls General
20:00 End of the meeting
If you are interested in attending this event, please register online before 12 December 2017 via th is link.
Participation fee:Members: 45 € (excl. 21% VAT)Non-Members: 75 € (excl. 21% VAT)
For any further information, please contact: [email protected]
Save the date: FCCC Chinese New YearReception – 31 January 2018 – Brussels
On 31 January 2018, the Flanders-China Chamber of Commerce will celebrate Chinese New Year at Headquarters ING Belgium, Troonstraat 1 rue du Trône, 1050 Brussels!
Speakers will be:
Mr Stefaan Vanhooren, Chairman, Flanders-China Chamber of CommerceHis Excellency Mr Qu Xing, Ambassador of the People's Republic of China in BelgiumMr Kris Peeters, Deputy Prime Minister and Minister of Employment, Economy and Consumer Affairs, in charge of Foreign Trade
We hope you can save this date in your agenda to celebrate the Year of the Dog with us!
An official invitation will follow.
Sponsoring proposal Chinese New YearReception
When ? 31 January 2018 – 18h00 Where ? Headquarters ING Belgium, Troonstraat 1 rue du Trône, 1050 BrusselsWho will attend ? Chinese, Belgian business leaders, officials. PRESS +/ 300 Participants
Invitations are distributed via E-mail and the FCCC websiteand newsletters
GOLDEN SPONSOR: 2.250 € (EXCL .VAT)
• your logo on the FCCC invitation• your logo on the invitation published on the FCCC
website• your logo on the FCCC invitation published in the
FCCC weekly newsletter• 15 free cards• banner of your company at the event• mention of your company during speech
SILVER SPONSOR : 1.750 € (EXCL.VAT)• your logo on the FCCC invitation• your logo on the invitation published on the FCCC
website• your logo on the FCCC invitation published in the
FCCC weekly newsletter• 5 free cards• mention of your company during speech
Programme and speeches: see item above. If you are interested in sponsorship, please send an e-mail to [email protected]
NEWSLETTER 5 DECEMBER 2017 2
19:00 Exchange of views and networking with the Ambassador and Consuls General
20:00 End of the meeting
If you are interested in attending this event, please register online before 12 December 2017 via th is link.
Participation fee:Members: 45 € (excl. 21% VAT)Non-Members: 75 € (excl. 21% VAT)
For any further information, please contact: [email protected]
Save the date: FCCC Chinese New YearReception – 31 January 2018 – Brussels
On 31 January 2018, the Flanders-China Chamber of Commerce will celebrate Chinese New Year at Headquarters ING Belgium, Troonstraat 1 rue du Trône, 1050 Brussels!
Speakers will be:
Mr Stefaan Vanhooren, Chairman, Flanders-China Chamber of CommerceHis Excellency Mr Qu Xing, Ambassador of the People's Republic of China in BelgiumMr Kris Peeters, Deputy Prime Minister and Minister of Employment, Economy and Consumer Affairs, in charge of Foreign Trade
We hope you can save this date in your agenda to celebrate the Year of the Dog with us!
An official invitation will follow.
Sponsoring proposal Chinese New YearReception
When ? 31 January 2018 – 18h00 Where ? Headquarters ING Belgium, Troonstraat 1 rue du Trône, 1050 BrusselsWho will attend ? Chinese, Belgian business leaders, officials. PRESS +/ 300 Participants
Invitations are distributed via E-mail and the FCCC websiteand newsletters
GOLDEN SPONSOR: 2.250 € (EXCL .VAT)
• your logo on the FCCC invitation• your logo on the invitation published on the FCCC
website• your logo on the FCCC invitation published in the
FCCC weekly newsletter• 15 free cards• banner of your company at the event• mention of your company during speech
SILVER SPONSOR : 1.750 € (EXCL.VAT)• your logo on the FCCC invitation• your logo on the invitation published on the FCCC
website• your logo on the FCCC invitation published in the
FCCC weekly newsletter• 5 free cards• mention of your company during speech
Programme and speeches: see item above. If you are interested in sponsorship, please send an e-mail to [email protected]
NEWSLETTER 5 DECEMBER 2017 3
ACTIVITIES SUPPORTED BYFCCC
Port of Antwerp China Day 201715 December at 15h00 – Port House, Antwerp
On the occasion of the opening ceremony of the exhibition “Dialogue With Emperor Qin” at the landmark 'new Port House Antwerp' we kindly invite you to attend our China Day 2017. You will discover our strategy for China, One Belt & One Road, our recent developments and future plans.
Network with other Chinese and Belgian participants in a unique atmosphere during the opening ceremony of the exhibition 'Dialogue With Emperor Qin”. Besides we offer you a ticket to visit the China Light exhibition at the Zoo of Antwerp. Be surprised by the beautiful Chinese light works in the biggest zoo of Europe.
We are looking forward to welcoming you in Antwerp.
Marc Van Peel, Chairman of the Port of Antwerp
PRACTICALWhen? 15 December – 15h00Where? Port House – Zaha Hadidplein 1, 2030 Antwerp
REGISTER NOW
PROGRAM
15:00 Welcome at the Port House15:30 Guided tour16:15 Welcome by Mr. Marc Van peel, Chairman of the Port of Antwerp16:45 Presentation by Mr. Guojin Liu, East Asia Business Manager17:30 Opening ceremony of the exhibition 'Dialogue WithEmperor Qin
18:00 Speeches18:30 Networking20:30 End
For practical matters:Nico WoutersEvent Executive+32 3 205 20 [email protected]
For matters relating to content:Guojin LiuEast Asia Business Manager+32 3 205 22 [email protected]
EU Gateway Business Missions Healthcare & Medical Technologies
09-13 April 2018 – ShanghaiEnvironment & Water Technologies
05-09 June 2018 – Beijing
The EU Gateway Business Avenues Programme of the European Commission is organizing two business missionsto China:
Healthcare & Medical Technologies09-13 April 2018 – Shanghai Deadline: 08 Dec. 2017
Environment & Water Technologies05-09 June 2018 – BeijingDeadline: 23 Feb. 2018
All participating European companies receive coaching at the application stage, before departure to China, during the Business Mission week, and after returning to Europe.
The European Union encourages your commitment to the Chinese market by co-financing accommodation and customized services.
More information on the program is available on the EU Gateway Programme website www.eu-gateway.eu
To discuss any aspects of application or participation with arepresentative from the European coaching network, pleasecontact the following: [email protected]
NEWSLETTER 5 DECEMBER 2017 3
ACTIVITIES SUPPORTED BYFCCC
Port of Antwerp China Day 201715 December at 15h00 – Port House, Antwerp
On the occasion of the opening ceremony of the exhibition “Dialogue With Emperor Qin” at the landmark 'new Port House Antwerp' we kindly invite you to attend our China Day 2017. You will discover our strategy for China, One Belt & One Road, our recent developments and future plans.
Network with other Chinese and Belgian participants in a unique atmosphere during the opening ceremony of the exhibition 'Dialogue With Emperor Qin”. Besides we offer you a ticket to visit the China Light exhibition at the Zoo of Antwerp. Be surprised by the beautiful Chinese light works in the biggest zoo of Europe.
We are looking forward to welcoming you in Antwerp.
Marc Van Peel, Chairman of the Port of Antwerp
PRACTICALWhen? 15 December – 15h00Where? Port House – Zaha Hadidplein 1, 2030 Antwerp
REGISTER NOW
PROGRAM
15:00 Welcome at the Port House15:30 Guided tour16:15 Welcome by Mr. Marc Van peel, Chairman of the Port of Antwerp16:45 Presentation by Mr. Guojin Liu, East Asia Business Manager17:30 Opening ceremony of the exhibition 'Dialogue WithEmperor Qin
18:00 Speeches18:30 Networking20:30 End
For practical matters:Nico WoutersEvent Executive+32 3 205 20 [email protected]
For matters relating to content:Guojin LiuEast Asia Business Manager+32 3 205 22 [email protected]
EU Gateway Business Missions Healthcare & Medical Technologies
09-13 April 2018 – ShanghaiEnvironment & Water Technologies
05-09 June 2018 – Beijing
The EU Gateway Business Avenues Programme of the European Commission is organizing two business missionsto China:
Healthcare & Medical Technologies09-13 April 2018 – Shanghai Deadline: 08 Dec. 2017
Environment & Water Technologies05-09 June 2018 – BeijingDeadline: 23 Feb. 2018
All participating European companies receive coaching at the application stage, before departure to China, during the Business Mission week, and after returning to Europe.
The European Union encourages your commitment to the Chinese market by co-financing accommodation and customized services.
More information on the program is available on the EU Gateway Programme website www.eu-gateway.eu
To discuss any aspects of application or participation with arepresentative from the European coaching network, pleasecontact the following: [email protected]
NEWSLETTER 5 DECEMBER 2017 4
China International Import Expo – November 5-10, 2018 – Shanghai
Venue: National Exhibition and Convention Center (Shanghai)
Hosts: Ministry of Commerce of the People's Republic of China, Shanghai Municipal People's Government
Supporters: World Trade Organization, United Nations Industrial Organization, and etc.
Organizers: China International Import Expo Bureau, National Exhibition and Convention Center (Shanghai) Co., Ltd.
In May 2017, Chinese President Xi Jinping announced at the Belt and Road Forum for International Cooperation that China will hold the China International Import Expo(CIIE) starting from 2018.
It is a significant move for the Chinese Government to hold CIIE with a view of firmly supporting trade liberalization and economic globalization and actively opening the market to the world. It facilitates countries and regions all over the world to strengthen economic and trade cooperation, and topromote global trade and world economic growth in order toadvance the development of an open world economy.
The Chinese Government sincerely welcomes government officials, friends from the business community, exhibitors and professional purchasers across the world to participate in CIIE and to explore the Chinese market. We would like towork with all countries, regions and international organizations to strive for making CIIE a world-class Expo, providing new channels for countries and regions to do business, strengthening cooperation and promoting common prosperity of the world economy and trade.Contact:
China International Import Expo BureauNational Exhibition and Convention Center (Shanghai)Address: 333 Songze Avenue, Shanghai, ChinaTelephone: +86-21-67008870/67008988Dax: +86-21-67008811E-mail: [email protected]: www.neccsh.com
ADVERTISEMENT ANDSPONSORSHIP
Interested in advertisement in the FCCC Weekly or on the FCCC website? Send an e-mail to [email protected]
FOREIGN TRADE
Senior EU official calls on China to deliver onpromises of greater market access
Valdis Dombrovskis, Vice President of the European Commission responsible for the euro and social dialogue, called on China to deliver on President Xi Jinping’s promises of allowing greater market access and also said China and Europe should set aside their differences on contentious trade issues and look to strengthen their cooperation on economic and environmental matters. Noting that European companies have repeatedly voiced concerns about access to Chinese markets, which are far less open than their European counterparts, the former Latvian Prime Minister said the EU was keen to know what Beijing would do to honor Xi’s pledge at the Communist Party’s 19th National Congress in October.
“We welcome the initiative President Xi made at the 19th Party Congress about openness, economic integration and international cooperation. We are interested to see what concrete initiatives there will be on market access for European companies,” he said. He added that the EU looked forward to “practical steps in terms of investment opportunities in certain sectors where there are restrictions on majority ownership for foreign companies, conditions and requirements over market access, and unusual market practices regarding technology transfer”. Dombrovskis said
NEWSLETTER 5 DECEMBER 2017 4
China International Import Expo – November 5-10, 2018 – Shanghai
Venue: National Exhibition and Convention Center (Shanghai)
Hosts: Ministry of Commerce of the People's Republic of China, Shanghai Municipal People's Government
Supporters: World Trade Organization, United Nations Industrial Organization, and etc.
Organizers: China International Import Expo Bureau, National Exhibition and Convention Center (Shanghai) Co., Ltd.
In May 2017, Chinese President Xi Jinping announced at the Belt and Road Forum for International Cooperation that China will hold the China International Import Expo(CIIE) starting from 2018.
It is a significant move for the Chinese Government to hold CIIE with a view of firmly supporting trade liberalization and economic globalization and actively opening the market to the world. It facilitates countries and regions all over the world to strengthen economic and trade cooperation, and topromote global trade and world economic growth in order toadvance the development of an open world economy.
The Chinese Government sincerely welcomes government officials, friends from the business community, exhibitors and professional purchasers across the world to participate in CIIE and to explore the Chinese market. We would like towork with all countries, regions and international organizations to strive for making CIIE a world-class Expo, providing new channels for countries and regions to do business, strengthening cooperation and promoting common prosperity of the world economy and trade.Contact:
China International Import Expo BureauNational Exhibition and Convention Center (Shanghai)Address: 333 Songze Avenue, Shanghai, ChinaTelephone: +86-21-67008870/67008988Dax: +86-21-67008811E-mail: [email protected]: www.neccsh.com
ADVERTISEMENT ANDSPONSORSHIP
Interested in advertisement in the FCCC Weekly or on the FCCC website? Send an e-mail to [email protected]
FOREIGN TRADE
Senior EU official calls on China to deliver onpromises of greater market access
Valdis Dombrovskis, Vice President of the European Commission responsible for the euro and social dialogue, called on China to deliver on President Xi Jinping’s promises of allowing greater market access and also said China and Europe should set aside their differences on contentious trade issues and look to strengthen their cooperation on economic and environmental matters. Noting that European companies have repeatedly voiced concerns about access to Chinese markets, which are far less open than their European counterparts, the former Latvian Prime Minister said the EU was keen to know what Beijing would do to honor Xi’s pledge at the Communist Party’s 19th National Congress in October.
“We welcome the initiative President Xi made at the 19th Party Congress about openness, economic integration and international cooperation. We are interested to see what concrete initiatives there will be on market access for European companies,” he said. He added that the EU looked forward to “practical steps in terms of investment opportunities in certain sectors where there are restrictions on majority ownership for foreign companies, conditions and requirements over market access, and unusual market practices regarding technology transfer”. Dombrovskis said
NEWSLETTER 5 DECEMBER 2017 5
screening of foreign investments in Europe was “very limited” and only affected Chinese investments in a few strategically important sectors where national security interests were at stake. “I would say that access to the EU market is much more open as we have much fewer market access obstacles,” he said. According to the EU official, market access will be an important part of the ongoing talkson a bilateral investment treaty (BIT) between Beijing and Brussels.
He also defended new anti-dumping and anti-subsidy legislation the EU will soon put into effect, which critics say targets China and will threaten bilateral trade relations. China said the legislation violated its WTO commitments and encouraged protectionist trends.
China and France agreed to support free and fair trade, and for the first time pledged “reciprocal” treatment in their trade relations, following talks between French Finance Minister Bruno Le Maire and Chinese Vice Premier Ma Kai at the High-Level Economic and Financial Dialogue in Beijing. Le Maire said that progress had been made in the food, aerospace, nuclear and finance sectors, while China recognized that government subsidies can lead to overcapacity in the steel sector. China and France signed more than 70 agreements covering economic and financial cooperation. China will open its market for import of French pork products, beef and baby milk powder. In addition, the country will also buy more Airbus A380 aircraft.
IT & TELECOM
Apple and Google CEOs attend World InternetConference
The Fourth World Internet Conference was held in Wuzhen, near Shanghai in Zhejiang province, from
December 3 till 5. It is an annual gathering of mainly Chinese internet officials and internet company executives as well as officials from developing countries. The theme of the conference was “Developing Digital Economy for Openness and Shared Benefits – Building a Community of Common Future in Cyberspace”.
The previous three conferences in 2014, 2015 and 2016 were not attended by heavyweight U.S. tech executives, but this year, the CEOs of Apple and Google, Tim Cook and Sundar Pichai, attended the conference. Cook told the event that “the theme of this conference is a vision we at Apple share” adding that Apple “is proud to have worked alongside many of our partners in China to help build a community that will join a common future in cyberspace”. Google’s Pichai told delegates that “a lot of work Google does is to help Chinese companies. Many small and medium-sized businesses in China take advantages of Google to get their products to many other countries outside of China.” Cook was a keynote speaker at the opening ceremony, speaking after Wang Huning, the newly promoted Politburo Standing Committee Member in charge of ideology. One promising initiative is the digital Silk Road: accelerating internet infrastructure to develop artificial intelligence, big data and sharing economy, said Luigi Gambardella, President of ChinaEU, a non-profitorganization promoting digital and internet cooperation.
Chinese President Xi Jinping said in a congratulatory message to the conference that China hopes to encourage countries around the world “to take a ride on the express train of internet and digital economic development”. Xi said China hopes to work with the international community to respect cyberspace sovereignty and carry forward the spirit of partnership to commonly advance development, safeguard security, participate in governance, and share the benefits. “China’s door to the world will never close, but will only open wider,” he said. Over 1,500 guests from morethan 80 countries and regions attended the conference.
China had 751 million internet users by the end of June of this year, or one-fifth of world’s total, according to the China Internet Network Information Center. It is home to two of the world’s top 10 technology firms by market capitalization – New York-listed Alibaba Group and Hong Kong-listed Tencent. However, the websites of Google, Facebook and Twitter, among others, are still banned in China.
NEWSLETTER 5 DECEMBER 2017 5
screening of foreign investments in Europe was “very limited” and only affected Chinese investments in a few strategically important sectors where national security interests were at stake. “I would say that access to the EU market is much more open as we have much fewer market access obstacles,” he said. According to the EU official, market access will be an important part of the ongoing talkson a bilateral investment treaty (BIT) between Beijing and Brussels.
He also defended new anti-dumping and anti-subsidy legislation the EU will soon put into effect, which critics say targets China and will threaten bilateral trade relations. China said the legislation violated its WTO commitments and encouraged protectionist trends.
China and France agreed to support free and fair trade, and for the first time pledged “reciprocal” treatment in their trade relations, following talks between French Finance Minister Bruno Le Maire and Chinese Vice Premier Ma Kai at the High-Level Economic and Financial Dialogue in Beijing. Le Maire said that progress had been made in the food, aerospace, nuclear and finance sectors, while China recognized that government subsidies can lead to overcapacity in the steel sector. China and France signed more than 70 agreements covering economic and financial cooperation. China will open its market for import of French pork products, beef and baby milk powder. In addition, the country will also buy more Airbus A380 aircraft.
IT & TELECOM
Apple and Google CEOs attend World InternetConference
The Fourth World Internet Conference was held in Wuzhen, near Shanghai in Zhejiang province, from
December 3 till 5. It is an annual gathering of mainly Chinese internet officials and internet company executives as well as officials from developing countries. The theme of the conference was “Developing Digital Economy for Openness and Shared Benefits – Building a Community of Common Future in Cyberspace”.
The previous three conferences in 2014, 2015 and 2016 were not attended by heavyweight U.S. tech executives, but this year, the CEOs of Apple and Google, Tim Cook and Sundar Pichai, attended the conference. Cook told the event that “the theme of this conference is a vision we at Apple share” adding that Apple “is proud to have worked alongside many of our partners in China to help build a community that will join a common future in cyberspace”. Google’s Pichai told delegates that “a lot of work Google does is to help Chinese companies. Many small and medium-sized businesses in China take advantages of Google to get their products to many other countries outside of China.” Cook was a keynote speaker at the opening ceremony, speaking after Wang Huning, the newly promoted Politburo Standing Committee Member in charge of ideology. One promising initiative is the digital Silk Road: accelerating internet infrastructure to develop artificial intelligence, big data and sharing economy, said Luigi Gambardella, President of ChinaEU, a non-profitorganization promoting digital and internet cooperation.
Chinese President Xi Jinping said in a congratulatory message to the conference that China hopes to encourage countries around the world “to take a ride on the express train of internet and digital economic development”. Xi said China hopes to work with the international community to respect cyberspace sovereignty and carry forward the spirit of partnership to commonly advance development, safeguard security, participate in governance, and share the benefits. “China’s door to the world will never close, but will only open wider,” he said. Over 1,500 guests from morethan 80 countries and regions attended the conference.
China had 751 million internet users by the end of June of this year, or one-fifth of world’s total, according to the China Internet Network Information Center. It is home to two of the world’s top 10 technology firms by market capitalization – New York-listed Alibaba Group and Hong Kong-listed Tencent. However, the websites of Google, Facebook and Twitter, among others, are still banned in China.
NEWSLETTER 5 DECEMBER 2017 6
Electronic games are big business in China
Electronic gaming is big business in China with its 600 million gamers, almost double the population of the United States, driving an industry worth USD24.6 billion annually. Gaming hardware suppliers such as Logitech are keen to tap into the massive market potential of a country where almost every other person plays a PC or mobile game. Known more for its computer mice and keyboards, the Swiss-based company doubled down on its gaming hardware business five years ago and today countsChina as a key market for its Logitech G line of gaming accessories, according to Quin Liu, Vice President and Managing Director of Logitech in the Asia-Pacific region. In an interview with the South China Morning Post he pointed towards the League of Legends World 2017 finals in Beijingas an indicator of the industry’s rapid growth. Held in early November, the finals for China’s most popular PC game were held at the Beijing National Stadium or Bird’s Nest, with a maximum capacity of 91,000 spectators.
China’s obsession with e-sports has proven to be an opportunity for brands like Logitech and rival Razer to showcase their gaming accessories in front of the millions of Chinese gamers who watch e-sports competitions live or online. Logitech has sponsored professional gaming teams,including the winning South Korean team in the so-called World Cup tournament for the popular PC game Overwatchin November. The thinking behind the sponsorship strategy is that gamers will be eager to use the same gaming accessories that top e-sports teams use for tournaments.Hong Kong-listed Razer actively sponsors a top Chinese League of Legends gaming team and has engaged Hong Kong celebrities to help promote its products.
On JD.com, Logitech’s CNY399 G502 programmable gaming mouse is the top-selling product in its category. “If you don’t have this mouse, you can’t call yourself a gamer in China,” Logitech's Liu said. “Three or four years ago the China market was more low end and price sensitive, but now that’s gone away,” he said, adding that gamers are
now much more willing to spend on high-end accessories. For Logitech, gaming accessories account for almost 18% of its total sales globally, and is the third largest category behind its bread-and-butter business of PC mice and keyboards, according to its second quarter earnings report.
Razer, which has dual headquarters in San Francisco and Singapore, is also going head to head with Logitech when itcomes to sales of gaming peripherals in China. During the Alibaba Singles’ Day shopping festival on November 11, Razer said it emerged as the top gaming peripherals brand in terms of sales, with Chinese consumers mostly snappingup its Deathadder mice series and Blackwidow gaming keyboards, the South China Morning Post reports.
ADVERTISEMENTHainan Airlines, nonstop flights from Brussels to
Shanghai
Nonstop flights from Brussels to Shanghai
Economy round trip from only 420 eur, book now!
Shanghai, a city with limitless possibilities and endless opportunities. Come and see for yourself why global elites, young fashionistas and traditional craftsmen alike choose Shanghai as their go to destination and experience the most dynamic and exciting city in all of China.
Hainan Airlines is adding a direct flight between Shanghai Pudong Airport and Brussels Airport three times a week. The flights are scheduled on Monday, Wednesday, Friday and will be operated by a Dreamliner 787-9, with 30 seats available in business and 258 in economy class.
NEWSLETTER 5 DECEMBER 2017 6
Electronic games are big business in China
Electronic gaming is big business in China with its 600 million gamers, almost double the population of the United States, driving an industry worth USD24.6 billion annually. Gaming hardware suppliers such as Logitech are keen to tap into the massive market potential of a country where almost every other person plays a PC or mobile game. Known more for its computer mice and keyboards, the Swiss-based company doubled down on its gaming hardware business five years ago and today countsChina as a key market for its Logitech G line of gaming accessories, according to Quin Liu, Vice President and Managing Director of Logitech in the Asia-Pacific region. In an interview with the South China Morning Post he pointed towards the League of Legends World 2017 finals in Beijingas an indicator of the industry’s rapid growth. Held in early November, the finals for China’s most popular PC game were held at the Beijing National Stadium or Bird’s Nest, with a maximum capacity of 91,000 spectators.
China’s obsession with e-sports has proven to be an opportunity for brands like Logitech and rival Razer to showcase their gaming accessories in front of the millions of Chinese gamers who watch e-sports competitions live or online. Logitech has sponsored professional gaming teams,including the winning South Korean team in the so-called World Cup tournament for the popular PC game Overwatchin November. The thinking behind the sponsorship strategy is that gamers will be eager to use the same gaming accessories that top e-sports teams use for tournaments.Hong Kong-listed Razer actively sponsors a top Chinese League of Legends gaming team and has engaged Hong Kong celebrities to help promote its products.
On JD.com, Logitech’s CNY399 G502 programmable gaming mouse is the top-selling product in its category. “If you don’t have this mouse, you can’t call yourself a gamer in China,” Logitech's Liu said. “Three or four years ago the China market was more low end and price sensitive, but now that’s gone away,” he said, adding that gamers are
now much more willing to spend on high-end accessories. For Logitech, gaming accessories account for almost 18% of its total sales globally, and is the third largest category behind its bread-and-butter business of PC mice and keyboards, according to its second quarter earnings report.
Razer, which has dual headquarters in San Francisco and Singapore, is also going head to head with Logitech when itcomes to sales of gaming peripherals in China. During the Alibaba Singles’ Day shopping festival on November 11, Razer said it emerged as the top gaming peripherals brand in terms of sales, with Chinese consumers mostly snappingup its Deathadder mice series and Blackwidow gaming keyboards, the South China Morning Post reports.
ADVERTISEMENTHainan Airlines, nonstop flights from Brussels to
Shanghai
Nonstop flights from Brussels to Shanghai
Economy round trip from only 420 eur, book now!
Shanghai, a city with limitless possibilities and endless opportunities. Come and see for yourself why global elites, young fashionistas and traditional craftsmen alike choose Shanghai as their go to destination and experience the most dynamic and exciting city in all of China.
Hainan Airlines is adding a direct flight between Shanghai Pudong Airport and Brussels Airport three times a week. The flights are scheduled on Monday, Wednesday, Friday and will be operated by a Dreamliner 787-9, with 30 seats available in business and 258 in economy class.
NEWSLETTER 5 DECEMBER 2017 7
More details about the winter schedule: Flight No. Origin/De
stinationDepart/Arrive Schedule
HU7921 PVG-BRU 1:25-06:30 3 times a week – Monday, Wednesday, Friday
HU7922 BRU-PVG 11:30-05:30+1 3 times a week – Monday, Wednesday, Friday
For more information, please contact Hainan Airlines Service Line: 00800 8768 9999 or visit www.hainanairlines.com
Coastair: We Fly Cargo
CHINA NEWS ROUND-UP
U.S. opposes granting market economy status toChina
The United States formally informed the World Trade Organization (WTO) that it opposes granting market economy status to China, a position that, if upheld, would allow Washington to maintain high anti-dumping duties on Chinese goods. The U.S. statement of opposition was submitted as a third-party brief in support of the European Union in the dispute. In response, China urged the United States to scrap its “non-market economy status” treatment of trade with China, and treat the country’s goods fairly. Some countries are trying to “skirt their responsibility” underWTO rules, Foreign Ministry Spokesman Geng Shuang said.
China has in past years been fighting the EU and the U.S. for recognition as a market economy, a designation
that would lead to dramatically lower anti-dumping duties on Chinese goods by prohibiting the use of third-country price comparisons. “Launching more anti-dumping investigations under various excuses against China will damage the interests of all three parties in the long run,” said Li Guanghui, Vice President of the Chinese Academy of International Trade and Economic Cooperation in Beijing.
Discussion on setting GDP target continues
After President Xi Jinping failed to mention any long-term GDP growth targets in his Party Congress report in October, Chinese economists are debating whether Beijing should keep or do away with its annual expansion goal. While Xi is playing down GDP to shift focus to efficiency, fairness and the environment, it is unclear whether the government is ready to give up its tradition of setting a target. Jia Kang, former head of the Research Institute at the Ministry of Finance and a government adviser, told the annual conference of Caijing Magazine it was “unimaginable” for China to set aside its GDP target entirely. For the past two decades, the annual target has served as a minimum growth rate. From 1987 to 2016, the target was missed only twice – in 1989 and in 1998.
Michael Pettis, Professor of Finance at Peking University’sGuanghua School of Management, said that the omission of a growth target in Xi’s report was “a good sign to start with”, sending a strong message to the country’s local cadres to stop piling up debt. “The first signal from Beijing that it will rein in credit would be to give up the GDP growth target, because the GDP growth target locks the country into surging debt,” said Pettis.
China should set a moderate economic growth target next year to give more room to structural reform, according to Bai Chongen, Tsinghua University Professor and Member of the People’s Bank of China’s Monetary Policy Committee. China’s economy maintained steady growth and a positive outlook this year, with many bright spots emerging, including markedly improved corporate profits, he said. While some advocate a higher GDP growth target for 2018, Bai said a slightly lower target is needed to curb inefficient investment and reduce the risk from growing debt. “Personally I support a slightly lower, moderate growth target, so that we have more room to carry out structural reform,” he said during a panel discussion at the Caijing Annual Conference.
The government targeted GDP growth of around 6.5% for 2017. The 2018 growth target is set to be unveiled during
NEWSLETTER 5 DECEMBER 2017 7
More details about the winter schedule: Flight No. Origin/De
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CHINA NEWS ROUND-UP
U.S. opposes granting market economy status toChina
The United States formally informed the World Trade Organization (WTO) that it opposes granting market economy status to China, a position that, if upheld, would allow Washington to maintain high anti-dumping duties on Chinese goods. The U.S. statement of opposition was submitted as a third-party brief in support of the European Union in the dispute. In response, China urged the United States to scrap its “non-market economy status” treatment of trade with China, and treat the country’s goods fairly. Some countries are trying to “skirt their responsibility” underWTO rules, Foreign Ministry Spokesman Geng Shuang said.
China has in past years been fighting the EU and the U.S. for recognition as a market economy, a designation
that would lead to dramatically lower anti-dumping duties on Chinese goods by prohibiting the use of third-country price comparisons. “Launching more anti-dumping investigations under various excuses against China will damage the interests of all three parties in the long run,” said Li Guanghui, Vice President of the Chinese Academy of International Trade and Economic Cooperation in Beijing.
Discussion on setting GDP target continues
After President Xi Jinping failed to mention any long-term GDP growth targets in his Party Congress report in October, Chinese economists are debating whether Beijing should keep or do away with its annual expansion goal. While Xi is playing down GDP to shift focus to efficiency, fairness and the environment, it is unclear whether the government is ready to give up its tradition of setting a target. Jia Kang, former head of the Research Institute at the Ministry of Finance and a government adviser, told the annual conference of Caijing Magazine it was “unimaginable” for China to set aside its GDP target entirely. For the past two decades, the annual target has served as a minimum growth rate. From 1987 to 2016, the target was missed only twice – in 1989 and in 1998.
Michael Pettis, Professor of Finance at Peking University’sGuanghua School of Management, said that the omission of a growth target in Xi’s report was “a good sign to start with”, sending a strong message to the country’s local cadres to stop piling up debt. “The first signal from Beijing that it will rein in credit would be to give up the GDP growth target, because the GDP growth target locks the country into surging debt,” said Pettis.
China should set a moderate economic growth target next year to give more room to structural reform, according to Bai Chongen, Tsinghua University Professor and Member of the People’s Bank of China’s Monetary Policy Committee. China’s economy maintained steady growth and a positive outlook this year, with many bright spots emerging, including markedly improved corporate profits, he said. While some advocate a higher GDP growth target for 2018, Bai said a slightly lower target is needed to curb inefficient investment and reduce the risk from growing debt. “Personally I support a slightly lower, moderate growth target, so that we have more room to carry out structural reform,” he said during a panel discussion at the Caijing Annual Conference.
The government targeted GDP growth of around 6.5% for 2017. The 2018 growth target is set to be unveiled during
NEWSLETTER 5 DECEMBER 2017 8
the annual session of the National People’s Congress in March next year. “To achieve the official goal of doubling the GDP by 2020 from 2010, the country only needs an average growth rate of 6.3% in the coming three years,” Baisaid. Pursuing a higher growth target could encourage upstream industries to continue expansion and lead to new excess capacity, he warned.
China’s economy expanded 6.8% year-on-year in the third quarter, down from 6.9% in the second quarter. Growth in the first three quarters reached 6.9%.
U.S. launches anti-dumping investigation onimports of Chinese aluminum alloy sheets
In a sign that the trade war between the U.S. and China is heating up, the U.S. Department of Commerce has launched an anti-dumping investigation into imports of Chinese aluminum alloy sheets. It was the first countervailing and anti-dumping investigation initiated not in response to an industry complaint but “self-initiated” bythe Commerce Department since 1991, when it initiated a countervailing duty probe into imports of Canadian softwood timber. “President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration,” U.S. Secretary of Commerce Wilbur Ross said. “We are self-initiating the first trade case in over a quarter century, showing once again that we stand in constant vigilance in support of free, fair, and reciprocal trade.”
China’s Ministry of Commerce (MOFCOM) said the move would damage the trade in aluminum products between China and the United States, and hurt both nations’ economic interests. The Ministry said it would take “necessary action” to protect the legitimate interests of Chinese companies. U.S. imports of Chinese aluminum alloy sheet are small business – roughly just USD600 million last year – but analysts said the decision to go ahead with the investigations pointed to tougher trade confrontations down the track. “It is a clear political declaration of U.S. trade protectionism,” Sun Lei, a Beijing-based lawyer with global law firm Dentons, said. Huo Jianguo, a former research head with China’s Ministry of Commerce, said China should prepare for a long road ahead because the U.S. would not reduce its pressure on China on trade issues, the South China Morning Post reports.
China makes plans to develop the “industrialinternet”
The Chinese government has unveiled a guideline for developing the “industrial internet”, the integration of industry and the internet. By 2025, industrial internet infrastructure covering all regions and sectors should be basically complete, and by 2035, China is expected to lead the world in key sectors of the industrial internet. By the middle of the century, China should be among the top countries for the overall strength of its industrial Internet.
The guideline listed major tasks and projects, including increasing the internet speed and reducing costs, setting industrial internet standards, establishing innovation centers and improving network security. Equal market access will be expanded, fiscal support will be strengthened and direct financing will be increased, the guideline said. Priority will be given to the development of advanced manufacturing that is smart and green. The Ministry of Industry and Information Technology (MIIT) has selected 206 pilot projects for smart manufacturing, of which 28 are related to industrial internet innovation, said Xie Shaofeng, an official with the Ministry.
The National Development and Reform Commission (NDRC) said more energy will be channeled into a range of advanced manufacturing sectors including rail transit, automobiles and agricultural machinery during the next three years. Core competitiveness in chosen sectors will besubstantially improved, the NDRC said, stressing combineddevelopment of the real economy and the internet. Other sectors included high-end medical apparatus and medicine,new materials and robotics, the Shanghai Daily reports.
Rising education, real estate and health carespending weigh on consumer sentiment
Chinese consumer confidence has hit a 10-year high, buoyed by rising disposable income – but the increasing cost of education, real estate and health care continue to remain a tightening yoke around the necks of many young residents in the country’s larger cities, longer term, according to a new study from global business consultancy McKinsey. The good news is that 80% of respondents expect their household incomes to increase considerably in the next five years.
The National Bureau of Statistics’ consumer confidence index climbed to 115 in August 2017, exceeding the level it
NEWSLETTER 5 DECEMBER 2017 8
the annual session of the National People’s Congress in March next year. “To achieve the official goal of doubling the GDP by 2020 from 2010, the country only needs an average growth rate of 6.3% in the coming three years,” Baisaid. Pursuing a higher growth target could encourage upstream industries to continue expansion and lead to new excess capacity, he warned.
China’s economy expanded 6.8% year-on-year in the third quarter, down from 6.9% in the second quarter. Growth in the first three quarters reached 6.9%.
U.S. launches anti-dumping investigation onimports of Chinese aluminum alloy sheets
In a sign that the trade war between the U.S. and China is heating up, the U.S. Department of Commerce has launched an anti-dumping investigation into imports of Chinese aluminum alloy sheets. It was the first countervailing and anti-dumping investigation initiated not in response to an industry complaint but “self-initiated” bythe Commerce Department since 1991, when it initiated a countervailing duty probe into imports of Canadian softwood timber. “President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration,” U.S. Secretary of Commerce Wilbur Ross said. “We are self-initiating the first trade case in over a quarter century, showing once again that we stand in constant vigilance in support of free, fair, and reciprocal trade.”
China’s Ministry of Commerce (MOFCOM) said the move would damage the trade in aluminum products between China and the United States, and hurt both nations’ economic interests. The Ministry said it would take “necessary action” to protect the legitimate interests of Chinese companies. U.S. imports of Chinese aluminum alloy sheet are small business – roughly just USD600 million last year – but analysts said the decision to go ahead with the investigations pointed to tougher trade confrontations down the track. “It is a clear political declaration of U.S. trade protectionism,” Sun Lei, a Beijing-based lawyer with global law firm Dentons, said. Huo Jianguo, a former research head with China’s Ministry of Commerce, said China should prepare for a long road ahead because the U.S. would not reduce its pressure on China on trade issues, the South China Morning Post reports.
China makes plans to develop the “industrialinternet”
The Chinese government has unveiled a guideline for developing the “industrial internet”, the integration of industry and the internet. By 2025, industrial internet infrastructure covering all regions and sectors should be basically complete, and by 2035, China is expected to lead the world in key sectors of the industrial internet. By the middle of the century, China should be among the top countries for the overall strength of its industrial Internet.
The guideline listed major tasks and projects, including increasing the internet speed and reducing costs, setting industrial internet standards, establishing innovation centers and improving network security. Equal market access will be expanded, fiscal support will be strengthened and direct financing will be increased, the guideline said. Priority will be given to the development of advanced manufacturing that is smart and green. The Ministry of Industry and Information Technology (MIIT) has selected 206 pilot projects for smart manufacturing, of which 28 are related to industrial internet innovation, said Xie Shaofeng, an official with the Ministry.
The National Development and Reform Commission (NDRC) said more energy will be channeled into a range of advanced manufacturing sectors including rail transit, automobiles and agricultural machinery during the next three years. Core competitiveness in chosen sectors will besubstantially improved, the NDRC said, stressing combineddevelopment of the real economy and the internet. Other sectors included high-end medical apparatus and medicine,new materials and robotics, the Shanghai Daily reports.
Rising education, real estate and health carespending weigh on consumer sentiment
Chinese consumer confidence has hit a 10-year high, buoyed by rising disposable income – but the increasing cost of education, real estate and health care continue to remain a tightening yoke around the necks of many young residents in the country’s larger cities, longer term, according to a new study from global business consultancy McKinsey. The good news is that 80% of respondents expect their household incomes to increase considerably in the next five years.
The National Bureau of Statistics’ consumer confidence index climbed to 115 in August 2017, exceeding the level it
NEWSLETTER 5 DECEMBER 2017 9
reached in 2007, just before the global financial crisis. The index jumped from a low of 100 in the spring of 2016. Income growth, however, has in fact slowed in China, from a year-on-year rise of 10.1% in 2012, to 6.3% in 2016. Daniel Zipser, Senior Partner and head of McKinsey’s consumer and retail practices in China, said despite the confidence that more money will still be coming in, added spending on education, housing and health care expenses still remain hefty financial burdens for Chinese consumers, and that is likely to hit future consumer confidence.
The McKinsey report identifies China’s post-90s generation, or youngsters who were born after 1990, as holding the key to its future prosperity, becoming the major driver for China’s consumer spending. Luan Lan, Associate Partner with McKinsey, says the pressure now being put on brands to come up with innovative ways of getting their message across to that group will grow too. “Companies that think carefully about their product and whether it will resonate with these segments based on their beliefs and attitudes, will have an advantage.” Another trend is that Chinese consumers are more health-consciousthan ever before, creating opportunities for companies in the health and fitness business, the South China Morning Post reports.
Hong Kong overtakes London as the world’smost expensive for renting an office
Hong Kong, the world’s most expensive city to live in, is now also the planet’s most expensive urban center for renting an office. Hong Kong’s office space rent, measured by workstation, surpassed London for the first time since 2013, as Britain’s decision to withdraw from the European Union caused the pound sterling to depreciate, rendering the British capital’s property prices to become cheaper in U.S. dollar terms. The average cost for operating an office space in Hong Kong has risen 5.5% to USD27,432 per workstation per year at the end of the second quarter, from the same period in 2016, according to Cushman & Wakefield’s annual Office Space Across the World report. London’s office prices have fallen 19% since 2016 to an average of USD22,665 per workstation per annum, inclusive of taxes and service fees.
“There is very strong demand for space in prime buildings by Chinese tenants in the banking and finance industries,” said Cushman’s Managing Director John Siu. “The companies are very generous in terms of expansion, and are paying a high unit rate for the space they are aiming at.”Mainland Chinese companies have been occupying more
prime real estate in Hong Kong’s Central business district, inclusive of Sheung Wan, Central and Admiralty. They haveexpanded their footprint over the area’s occupancy rate by 6 percentage points from 2013 to 2016, representing a net growth equivalent to 1 million square feet of space, or the size of the entire Cheung Kong Center building, Siu said.
An unidentified firm paid HKD200 per square foot per month to rent a 2,900 sq ft office unit in October at Two International Finance Center, the city’s tallest building. That is an increase of 25% from the previous lease, just shy of the 2008 peak of HKD210 per sq ft monthly rent, agents said. In Hong Kong’s Central district, mainland Chinese tenants with deep pockets are driving office rents through the roof, pushing out local firms and tenants of other nationalities to outlying districts, such as Quarry Bay.
Your banner at the FCCC website or newsletter
Companies 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: [email protected]
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 SA
NEWSLETTER 5 DECEMBER 2017 9
reached in 2007, just before the global financial crisis. The index jumped from a low of 100 in the spring of 2016. Income growth, however, has in fact slowed in China, from a year-on-year rise of 10.1% in 2012, to 6.3% in 2016. Daniel Zipser, Senior Partner and head of McKinsey’s consumer and retail practices in China, said despite the confidence that more money will still be coming in, added spending on education, housing and health care expenses still remain hefty financial burdens for Chinese consumers, and that is likely to hit future consumer confidence.
The McKinsey report identifies China’s post-90s generation, or youngsters who were born after 1990, as holding the key to its future prosperity, becoming the major driver for China’s consumer spending. Luan Lan, Associate Partner with McKinsey, says the pressure now being put on brands to come up with innovative ways of getting their message across to that group will grow too. “Companies that think carefully about their product and whether it will resonate with these segments based on their beliefs and attitudes, will have an advantage.” Another trend is that Chinese consumers are more health-consciousthan ever before, creating opportunities for companies in the health and fitness business, the South China Morning Post reports.
Hong Kong overtakes London as the world’smost expensive for renting an office
Hong Kong, the world’s most expensive city to live in, is now also the planet’s most expensive urban center for renting an office. Hong Kong’s office space rent, measured by workstation, surpassed London for the first time since 2013, as Britain’s decision to withdraw from the European Union caused the pound sterling to depreciate, rendering the British capital’s property prices to become cheaper in U.S. dollar terms. The average cost for operating an office space in Hong Kong has risen 5.5% to USD27,432 per workstation per year at the end of the second quarter, from the same period in 2016, according to Cushman & Wakefield’s annual Office Space Across the World report. London’s office prices have fallen 19% since 2016 to an average of USD22,665 per workstation per annum, inclusive of taxes and service fees.
“There is very strong demand for space in prime buildings by Chinese tenants in the banking and finance industries,” said Cushman’s Managing Director John Siu. “The companies are very generous in terms of expansion, and are paying a high unit rate for the space they are aiming at.”Mainland Chinese companies have been occupying more
prime real estate in Hong Kong’s Central business district, inclusive of Sheung Wan, Central and Admiralty. They haveexpanded their footprint over the area’s occupancy rate by 6 percentage points from 2013 to 2016, representing a net growth equivalent to 1 million square feet of space, or the size of the entire Cheung Kong Center building, Siu said.
An unidentified firm paid HKD200 per square foot per month to rent a 2,900 sq ft office unit in October at Two International Finance Center, the city’s tallest building. That is an increase of 25% from the previous lease, just shy of the 2008 peak of HKD210 per sq ft monthly rent, agents said. In Hong Kong’s Central district, mainland Chinese tenants with deep pockets are driving office rents through the roof, pushing out local firms and tenants of other nationalities to outlying districts, such as Quarry Bay.
Your banner at the FCCC website or newsletter
Companies 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: [email protected]
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 SA
NEWSLETTER 5 DECEMBER 2017 10
Vice-Chairmen: Mr. Bart De Smet, Chief Executive Officer, NV AGEAS SAMr. Philippe Van der Donckt, Business Development Director, 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 SAMr. Philippe Van der Donckt, Business Development Director, NV UMICORE SA
Membership rates for 2018 (excl. VAT)
● SMEs: €405 (€490.05 incl. VAT)● Large enterprises: €1,025 (€1,240.25 incl. VAT)
Contact
Flanders-China Chamber of CommerceOffices: Ajuinlei 1, B-9000 Gent – Belgium New telephone and fax numbers: Tel.: +32/9/269.52.46 – Fax: ++32/9/269.52.99Registered office: Zenith Building, Koning Albert-II laan 37, 1030 BrusselsE-mail: [email protected] Website: www.flanders-china.be
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To send your input for publication in a future newsletter mailto: [email protected]
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.
NEWSLETTER 5 DECEMBER 2017 10
Vice-Chairmen: Mr. Bart De Smet, Chief Executive Officer, NV AGEAS SAMr. Philippe Van der Donckt, Business Development Director, 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 SAMr. Philippe Van der Donckt, Business Development Director, NV UMICORE SA
Membership rates for 2018 (excl. VAT)
● SMEs: €405 (€490.05 incl. VAT)● Large enterprises: €1,025 (€1,240.25 incl. VAT)
Contact
Flanders-China Chamber of CommerceOffices: Ajuinlei 1, B-9000 Gent – Belgium New telephone and fax numbers: Tel.: +32/9/269.52.46 – Fax: ++32/9/269.52.99Registered office: Zenith Building, Koning Albert-II laan 37, 1030 BrusselsE-mail: [email protected] Website: www.flanders-china.be
Share your story
To send your input for publication in a future newsletter mailto: [email protected]
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.