Latest Publications

China Hotels

At the end of last year, there was more than 13,500 star rated hotels in China. Absolute China Tours cooperates with thousands of well-chosen China Hotels in most interesting cities in China, from the most luxurious hotels to comfortable inns. There are 298 Five Star hotels, 1400 Four Star hotels, 4993 Three Star hotels, 6027 Two Star hotels and 660 One Star hotels.
Approximately 61.56% of Five and Four Star hotels are located in the coastal area of China. There is no 5 Star hotels so far in Tibet, Ningxia and Qinhai provinces, but rumors say some projects are currently being planned, particularly in the Tibet region. From our 25 years of experience, we have chosen some of the China hotels that are often reviewed by tourists when booking their China Travel.
Browse our selection of China hotels and we believe these hotels can well match your requirement and are able to make your stay in China a truly satisfactory one.

China Finished The Year With a Surplus.

In 2008 the trade surplus of China amounted to $ 290 billion, General Administration of Customs of China estimated. The total volume of foreign trade in comparison with 2007 increased by 18% and was equal to $ 2.55 trillion. In December, China sold with the advantage in $ 34 billion, foreign trade totaled $ 170 billion.

In a statement of GAC also stated that, given the impact on Chinese financial crisis and to reduce external demand for Chinese products, export from the country will continue to decline.

In 2008 in China the volume of foreign trade for 11 months reached $ 2.38 trillion, which is 20,9% more than during the same period in 2007.

By the way, for entry to China requir a China visa.

CHINA: State Takes Control of Online Trade of Medicaments.

Taking into account the complexity of the health system of China, analysts assert that the development of e-commerce medicaments will take at least five years.

According to the authorities and representatives of the medical industry in China, online trade in medicines in the country will not soon reach a noticeable level of development. Recently, the authorities called on all companies, involved in the proliferation of medicaments over the Internet, to pass the licensing. If there is no state license, such sites will be closed.

According to statistics, currently in China there are many sites that are illegal trafficking in medicaments, which, in turn, may cause significant harm to consumers. Moreover, this situation has a negative impact on the business of legitimate sellers of medicaments.

By the way, the development of commerce greatly slowed the introduction of a visa, it is now much more difficult to transport goods across the border, as has become China customs check.

The Government intends to take an active part in the fight against illegal online trade. While not reported, what is the deadline for applying for a license. By law, companies, that operate in the pharmaceutical business, must have at least two specialists in the staff, certified by local authorities, and must make the statement of your business plan.

October 11, the National Office for the medicaments (State Drugs Administration, SDA) has named 16 of the first Internet companies that are authorized to sell drugs. Another eight companies have received such permission in the previous year.

Representatives of the health sector fully supports the initiative of the authorities. They believe that such approach would create a market of fair competition. However, some businessmen believe that the illegal sites, most of which belong to small companies or entrepreneurs who does not have a large impact on the market for pharmaceuticals. And despite all the efforts of the authorities, e-commerce in this sector can be the first profit of at least five years.

Last year, Chinese authorities have shut down virtually all health sites to protect consumers from counterfeit drugs. Companies can only deal with B2B-commerce in the medical sector. On the other hand, insurance companies, life insurance and health, have not the experience over control of online medical services. By virtue of the fact that the state ban is still in effect, insurance companies, announces that they will not cover the cost of medicaments purchased via the Internet.

According to some analysts, given the complexity of the Chinese health care system, need more time to e-commerce in this sector began to grow steadily. (e-commerce.ru, 19.10.2001).

China Encourages The Russian Exporters By The Loans

State Corporation “Bank for Development and Foreign Economic Affairs (Vnesheconombank)” and the State Development Bank of China (China Development Bank) entered into a loan agreement worth $ 150 million, reported the press service of the Russian company. Experts expect that in the next few years mutual lending between the countries will be $ 2-2,5 billion.

From the direction of Vnesheconombank the Agreement signed Chairman Vladimir Dmitriev, from the direction of the State Development Bank of China is chairman Chen Yuan.

Funds marked for a period of 1 year and will focus on the implementation of export projects of Russian enterprises.

The signing and subsequent implementation of the Agreement will contribute to further strengthening economic ties between the Russian Federation and the People’s Republic of China, noted in the press service VEB.

Concluded agreement is important for economic relations between countries, because it is one of the first of its kind, and because it was signed between the State Banks of our countries, a leading expert Dmitry Baranov comments on the “Finam Management”. According to him, in the long term, this agreement will lead to greater interaction of financial institutions in both countries.Russians need China visa to visit China.

Baranov expects that in the next few years, volume of mutual lending between the countries will be $ 2-2,5 billion. The expert supposes that the funds are likely to be aimed at supporting domestic enterprises and to implement their projects in China. “Even if these funds would be insufficient, it is important this first step done, which will certainly be followed by other similar contracts and the volume of an allocation of funds will increase,” - the analyst is confident. These funds may be provided by the Russian community of  metallurgical, oil, chemical and engineering companies. Among them will be not only the leaders of the domestic economy, but also medium-sized business enterprises in the supply of unique products that may be interested in China, Baranov said.

Chamber of Commerce of the USA Accuses Russia and China in Insufficient Attention to the Protection of Intellectual Property.

Last Friday U.S. Chamber of Commerce said that makes China and Russia to the list of countries in the insufficient efforts to combat crimes against intellectual property.

As “The Wall Street Journal” writes (full text on the site InoPressa.ru), nine countries headed the list : China, Russia, Argentina, Chile, India, Israel, Pakistan, Thailand and Venezuela. A total of “black” list of the U.S. Chamber of Commerce, established in 2008, includes 46 countries.

A senior official of the U.S. Chamber of Commerce, Stan McKay said that although China and Russia have demonstrated progress in the fight against theft of intellectual property rights, adequate steps have not been taken. “This problem is becoming increasingly important for the American economy”, - Stan McKay said, assistant U.S. trade representative for intellectual property and innovations.

Memo: for a successful passage through China customs need a visa.

In the final report of the relevant regulations of the U.S. Chamber of Commerce points out that while the U.S. continues to cooperate with China on strengthening the protection of intellectual property, “raises serious concerns the high level of proliferation of pirated goods and counterfeit brands”.

Regarding Russia, the U.S. will continue to monitor how it will fulfill the obligations under a bilateral agreement with the U.S. on Russia’s WTO accession. “The fulfillment of these obligations is the key to complete the final stage of multilateral negotiations on accession to WTO”, - says the report.

Stan McKay also stated that the purpose of “black” list - make clear that the United States monitors the situation of intellectual property protection in those countries, and to inform foreign investors about the commitment of a country.

The report also highlights the concern of the U.S. Chamber of Commerce, the practice of counterfeiting of medicines: “Trade in counterfeit drugs remains a cause for particular concern in light of the risks that they pose to human health and safety.”

US Chamber of Commerce in China Expresses About Its Readiness to Contribute to The Growth of Exports From the USA to $ 1 Trillion by 2039.

Beijing, Jan. 17 / Xinhua / - The US Chamber of Commerce in China recently launched a new challenge in promoting the further development of trade between China and the USA.

As chairman of the Chamber John Wotkin declared that the Chamber purposes an aim to bring to $ 1 trillion exports from U.S. to China and sales of American products in China, by the way for entry into China need to obtain a China visa, as well as the volume of Chinese investments in the American economy to 2039.

According to the chairman of the American Chamber of Commerce, the Chamber has already held discussions with American authorities for the promoted new plan. “The USA government welcomed that plan”, - the chairman of the Chamber informed.

Recall that last year the volume of Chinese-American trade amounted $ 333.74 billion.