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China’s first permanent trade mart opens in October and if it lives up to expectations, it could be the first of many.

The first Shanghai Links residents should be moving into this luxurious new development by the end of this year. Meanwhile, a similar project in Beijing is being put on the drawing board.

Swiss exports to China are dominated by machine tools and pharmaceuticals, but in recent years the machine tools sec-tor has been hit by a slump in the state-owned textile industry. The lack of cashflow among Chinese factories has coincided with a period when Chinese machinery producers were starting to flood the market with machines far cheaper than the more sophisticated imported products from Switzerland. This erosion of competitiveness has had a big impact on the trade balance (see table). During the same period, Chinese imports to Switzerland have grown steadily.

The novelty of advertising in China has quickly worn off and many consumers are now cynical about the value of advertising messages.

The agricultural sector has been slow to attract foreign investment but with the government focus now on inland regions, incentives are starting to be introduced, writes China Concept. is this deal," says one banker close to it. "It says nothing about the rest of the picture, or what is or is not to follow."