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Cashless China

Cash is no longer king. In fact, in China it’s all but dead. The way consumers shop is breaking new digital ground and it means not a dollar ever physically changes hands. Australian businesses wanting a slice of the lucrative Chinese market must move fast to embrace a cashless society or risk being left behind. Picture this: Hassle free shopping like never before. Scan your mobile phone as you enter the store. Buy whatever you want. Then leave. Payment is made automatically from your account and a receipt sent to your phone. No queues. No waiting. No cashiers. It’s a shopper’s…

Chinese mCommerce races to Australia

Mobile Commerce (mCommerce) is exploding in popularity and may soon overtake PC as the most popular way to shop online globally. MCommerce effectively replaces the need for a shopper to carry cash or a credit card. With a simple scan of their phone or a click online, the transaction is done. Mcommerce in China In 2016, mobile payments in China are expected to sky rocket to ¥11.8 trillion yuan, up from ¥8.1 trillion in 2015 according to iResearch China. Alibaba’s ‘Alipay’ features as the leading player in the mobile payment industry, with Tencent’s ‘WeChat’ hot on their heels. These apps not…

Whatever happened to the Australia-China FTA?

Australia began negotiating a free trade agreement (FTA) with China in 2005 and completed the 21st round of talks in Beijing last month. New Zealand and China concluded their agreement after three years and 15 rounds of talks. So after nearly a decade of negotiations, where are we up to? Photo opportunity As Chinese President Xi Jinping and Prime Minister Tony Abbot will be meeting at three consecutive leaders’ meeting in Shanghai, Myanmar and Brisbane this November, it seems an ideal time for them to announce a photo-opportunity conclusion. However, the odds are still even on the outcome, with the…

Do you want to come to China with us?

China Blueprint in partnership with Teed Up Travel is going to China! Why? – this is a business tour seeking to inspire entrepreneurship and innovation, by providing opportunities for regional based businesses to explore global import and export opportunities and to conduct ‘business over the horizon’. The global economy is massive and new approaches to conducting business, including expanding internet capabilities, cost effective transport and growing distribution networks; is opening up a world of new business opportunities. Global buyer and supplier markets are increasingly within the reach of regional based business and aspiring entrepreneurs.  The tour will commence in Guangzhou to…

Top five tips for year’s end

The end of the year and its fever of commercial activity is crucial to the success of many Australian importers, so China Blueprint has come up with five top tips for newbies and/or forgetful old hands. 1. Hedge your bucks now With the Oz dollar on something of a slide, the time is right to get your foreign currency sorted out for those orders you’re expecting to pay for – and receive – well before Christmas. Our man in Forex says the lowest of the lows are nearly upon us, so stay ahead of the game and book your cash…

Fast Track to China – Possible?

There’s a discernible buzz among Australian small and medium-sized businesses in the tourism, lifestyle products and food sectors about China. It’s the sound of people sensing opportunity and finding ways to engage their companies. In the background of all this excitement, there’s also the dull drone of the Band-Aid clique – those who want to get on the Chinese bus for free. Lately, when you pick up a paper, read a trade journal or speak with small-business owners, you quickly sense that everyone is excited about engaging with China. Such outward-looking activity is invigorating local business and stimulating an innovative…

China’s love affair with luxury watches shows no signs of ending…

The Chinese government is continuing to crack down on conspicuous spending and lavish gift giving and even though this has had an impact on spending and gift giving, it has certainly not curbed appetites for luxury items. This is certainly evident in the luxury watch and high end timepiece market. Greater China now accounts for a quarter of Louis Vuitton’s revenue, 35 per cent of Cartier’s, and a whopping 45 per cent of Omega’s. At this year’s recent Baselworld watch and jewellery fair held in Switzerland, the Chinese were out in full force and many exhibitors marketing efforts were directly…

Visiting China: what’s the best way?

Planning a business trip to China can be daunting if it’s your first time. That’s why we’re looking at the pros and cons of the options available to businesspeople drawn by the host of opportunities that Australia’s largest trading partner has to offer. If you’re an entrepreneur or run a company that is drawn to the opportunities in one of the world’s largest economies, then getting your foot in the Chinese door can be something of a challenge. Barriers to entering the Chinese market include language and culture as well as the vast size of the country. Fortunately, there are…