Other Briefings
British TV Channel Bought by Wenzhou Firm
Jul. 14 – A Chinese firm based in Wenzhou City has bought the British digital satellite tv channel, Propeller TV, for an undisclosed amount, according to Zhejiang Online. The Xiking Group, led by Wenzhou businessman Ye Maoxi, said the channel will start airing programs that promote Chinese culture. The British channel works as a free-to-air […]
China Industry: Jul. 13
Jul. 13 – This is a regular series of relevant industry news from around China. Solar power Enfinity NV, LDK Solar and state-owned China Guangdong Nuclear Power Holdings will install the first 10 MW of a 500 MW solar photovoltaic (PV) project in Dunhuang, after winning over 13 other bids. The RMB200 million project’s annual […]
Apple iPhones to be Sold Without Wi-Fi
Jul. 13 – After drawn out negotiations with China’s Ministry of Industry and Information Technology, Apple has conceded and filed an application to officially sell the iPhone without Wi-Fi connectivity in the mainland, according to sources. The Network Access License will allow the company’s iPhone to enter the Chinese market and run only on Chinese […]
Shanghai Expo 2010: The Spanish Pavilion
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
Shenzhen Releases New Recognition Measures for High-Tech Enterprises
SHENZHEN, Jul. 10 – The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city. The measures listed the industries which qualify for high and new technology enterprise status, including […]
Four Rio Tinto Employees Suspected of Espionage
SHANGHAI, Jul. 9 – Four employees of the mining company, Rio Tinto, have been detained since July 5 on charges of espionage. The employees from Rio Tinto’s Shanghai sales office were accused of stealing government secrets. Three are part of the local sales team while one is an Australian national, Stern Hu, the general manager […]
Annual Filing of Foreign Bank Account Reports for U.S. Taxpayers
By Hank Bourg Jul. 8 – U.S. taxpayers holding financial interest or other authority over a financial account in a foreign country amounting to more than US$10,000 are required to file the annual Foreign Bank Account Report (FBAR) by June 30th of the following year. The FBAR is not a tax return, but a report […]
China’s Minority Ethnic, Racism and Sensibility Issues
By Chris Devonshire-Ellis Jul. 8 – The recent riots in Xinjiang – an area I have travelled extensively in over the years – have brought to a head the increasing collision between China’s growing prosperity and the sections of the society that are being left behind. China’s problems of wealth distribution are not just geographic, […]
