RCEP Boosts Cross-Border E-Commerce

RCEP Boosts Cross-Border E-Commerce Since the Regional Comprehensive Economic Partnership (RCEP) came into effect, cooperation between RCEP regions has continued to deepen. On July 27, 2022, at the 2022 Consumption Innovation Forum of China International Consumer Products Expo, the RCEP Cross-Border E-commerce Purchase (B2C) Index report was released.The new RCEP B2C Index (RCEP Cross-Border E-commerce Purchase B2C Index), focuses on overseas small and medium-sized enterprises, presenting the development trend of digital trade in the RCEP regions.  The trend of the new index shows that the that cross-border e-commerce in the RCEP region is booming. The average annual growth rate from 2019 …

Business Transformation Strategy

Business Transformation StrategyAgile und zukunftsorientierte Strategien für den lokalen Markt. Da China eine qualitativ hochwertige Entwicklung anstrebt, haben westliche Unternehmen große Entwicklungsmöglichkeiten im Bereich Qualität. Es stellt sich die Frage, wie sie in die lokalen Märkte eintreten und diese Möglichkeiten ausschöpfen können. EAC bietet hierzu das ‘Business Transformation Mindset‘.„Hochwertige Entwicklung“ ist eine nationale Wirtschaftsreform, die von der chinesischen Regierung verfolgt wird. Es soll die nationale Wirtschaft von einer Hochgeschwindig-keitswachstumsphase in eine qualitativ hochwertige Entwicklungsphase überführen. Diese Reformwelle dreht sich um die Versorgung mit Gütern und Dienstleistungen, Humanressourcen und ökologische Nachhaltigkeit.Download ArticleLatestOktober 31, 2022Localization of Global ESG Strategy in ChinaSeptember 29, …

Business Transformation Strategy

Business Transformation Strategy As China is advocating high-quality development, Western companies have seen development opportunities that focus on quality, also are anxious about how to enter and develop the local markets. EAC offers the business transformation mindset.“High-quality development“ is a national economic reform being pursued by the Chinese government. It is to shift national economy from a high-speed growth stage to a high-quality development stage. This wave of reforms revolves the supply of goods and services, Human Resources, and environmental sustainabilityDownload ArticleLatestOktober 31, 2022Localization of Global ESG Strategy in ChinaSeptember 29, 2022Business Transformation StrategyAugust 30, 2022“Design-to-Value” Machine Building ConceptAugust 30, …

The Importance and Change of Photonics Fairs in China

The Importance and Change of Photonics Fairs in ChinaFor a publication by Messe Munich and SPECTARIS (the German industry association for the high-tech medium-sized business sector) on the Chinese photonics market, Daniel Berger, Partner EAC in Shanghai, was interviewed on the importance of trade fairs.SPECTARIS: China is one of the leading markets for German photonic manufacturers. However, most companies – SMEs and MNCs alike – have found it extremely difficult to successfully penetrate the Chinese market due to its sheer size and unique characteristics. Do you believe that participating in local industry trade fairs – as exhibitor and visitor –is …

Indian Solid Waste Management Industry needs Technology Push

Indian Solid Waste Management Industry needs Technology PushSolid waste generation and key concerns in India Increase in urbanization and per capita income has significantly led to a rise in municipal solid waste generation in India. Overall solid waste generation in the country can be estimated at 152 million tons per annum, wherein EAC estimates construction & solid waste at 175 million tons accounting for 61% of the total waste generated. Municipal solid waste contributes 31% to the total waste with 90 million tons, and the rest contributed by four other segments including Plastic waste (9.5 mio TPA), Hazardous waste (8.0 …

China’s EV OEMs – Spotlight BYD

China’s EV OEMs – Spotlight BYDOutranking VW, Mercedes-Benz, and BMW At the beginning of April 2022, Elon Musk, founder of Tesla, became the richest man in the world with a net worth of USD 219 billion, signaling a new chapter in the New Energy Vehicle era. Valued at over USD 1 trillion, Tesla is the world’s leading automotive company, and many credited its success to Musk’s business foresight and the company’s technology. It has also been voiced that Tesla is becoming increasingly dependent on China, a massive eco-industrial hotbed providing Tesla’s much needed supply chain, manufacturing capability, and consumer market. …

China’s PCR Market – A Localization Case Study

China’s PCR Market – A Localization Case StudyThe demand for PCR equipment has surged in China in recent years, mainly including ordinary PCR (1st generation PCR) and quantitative real-time PCR (2nd generation PCR, also called qPCR). In August 2018, African swine fever emerged in China and spread rapidly across the country, thus high demand for pig testing drove demand for PCR instruments. With the outbreak of COVID-19 in 2020, China has begun to establish a large amount of PCR laboratories, and the market demand for PCR instruments has experienced a new round of explosive growth. In the whole year of …

Direct-to-Consumer (DTC) – The Next Trend for Consumer Goods

Direct-To-Consumer (DTC) – The Next Trend For Consumer GoodsDTC: A new Sales Model for Consumer Goods Brands DTC, direct-to-consumer, refers to a business model in which brands directly sell to consumers without intermediary channels. With the help of the internet, brands establish direct connections with consumers and can directly interact with them along the entire lifecycle from marketing to service. DTC brands are not simple e-commerce companies, even though e-commerce is a popular channel they choose to be closer to consumers. Brands are able to obtain real-time and efficient consumer feedback through internet platforms, so as to acquire consumer insights …

China Industrial Policy Snapshot: Medical Equipment

China Industrial Policy Snapshot: Medical EquipmentDuring the „13th Five-Year Plan“ period, China’s medical equipment industry has developed rapidly, with its market size has increased from 480 billion yuan (~63 billion EUR) in 2015 to 840 billion yuan (~110 billion EUR) in 2020, with an average annual compound growth rate of 12%. This fast-growing trend is expected to continue, supported by multiple drivers including an aging population, rising incomes, and the continued enhancement of health services in hospitals and clinics throughout China. However, China’s domestic medical devices are still concentrated in mid to low-end products. The localization rate of the medical …

Fuel-Cell Vehicles in China – Quo Vadis?

Quo Vadis Fuel-Cell in China?What is the state of automotive fuel-cell development worldwide? After years of development, fuel-cell electric vehicles (FCEV) still pose a considerable controversy among OEMs, particularly when it comes to passenger car applications. Although notable progress has been made to develop hydrogen fuel-cell vehicles, the overall market in the passenger segment remains small compared to battery cars (BEV). The global FCEV stock reached 45,000 units by 2021, with Japanese and Korean car models leading the market. Long-term projections forecast an annual sales volume of 150,000 units by 2030, and mobility heavyweights have put hydrogen on their development …

China Case Study: KONE

China Case Study: KONEAs one of the most successful foreign companies in the Chinese market, the Finnish company KONE is a striking example of how the right strategy can turn your business into remarkable profits.KONE in China Since its market entry in 1996, the Finnish company KONE has seen rapid growth in the past 20 years. It has become the market leader in elevator and escalator solutions in China, which accounts for 60% of the global demand and contributes 30% to KONE’s global business (~3bn EUR in 2020). As of today, the company has around 20,000 employees deployed in 600 …

China Standards 2035 – Shaping the World of Tomorrow?

China Standards 2035 – Shaping the World of Tomorrow?What is ’China Standards 2035’? Following the ‘Made in China 2025’ strategic plan, China has officially launched the ‘China Standards 2035’ strategy in 2018, aiming to lay out a blueprint for the Chinese government and leading tech companies to set global standards for emerging technologies, such as 5G, Internet of Things (IoT), and Artificial Intelligence (AI). After a planning phase of two years, the National Standardization Committee published a preliminary report in May 2020, with the final strategic document expected to be released this year. China strives to play an increasing role …