Expert Profile
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David Wei
Since October 2007, chief executive officer and executive director of Alibaba.com;
From November 2006 to September 2007, president of Alibaba.com and executive vice president of Alibaba Group;
From 2002 to 2006, president of B&Q China, a subsidiary of King
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Sourcing In China
To ensure the intermediary and the follow-up of your purchases in China: Search for supplier, factory auditing, negotiation, sampling, production follow-up, quality control, logistics
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Facts & Figures In China
China has some of the highest piracy rates in the world: 95 percent for entertainment software, 90 percent for records and music, and 82 percent for business software, according to statistics from the International Intellectual Property Alliance.
China's Best Blogs And Sites
| China Merchants Chairman Urges Monetary Policy Shift |
 China needs an “urgent” tightening of monetary policy to prevent the huge stimulus measures introduced this year from inflating stock and property bubbles, one of the country’s leading bankers has warned, reported the Financial Times.Qin Xiao – chairman of China Merchants Bank, the country’s sixth-biggest – says that the government should not be afraid of a “moderate slowdown” in the economy. “It is urgent that China shifts from a loose monetary policy stance to a neutral one,” he writes. According to calculations by the Financial Times and independent economists, China’s stimulus measures could amount to 15-17 per cent of GDP this year if government-induced bank lending is taken into account – by far the largest among major economies. The State Council, China’s cabinet, gave its first clear hint Wednesday evening that it was considering a tighter monetary policy when it said that policy should focus both on managing inflationary expectations as well as securing stable growth – the first time it has mentioned inflation since the global economic crisis hit China last year. 
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