Other Briefings
Fiat Signs JV Deal with Guangzhou Auto
Jul. 7 – The leading Italian carmaker, Fiat, has signed a joint venture agreement with the Guangzhou Automobile Group to build a factory in Changsha, Hunan Province. The 700,000 square meter factory is expected to produce 250,000 cars and 300,000 engines annually when it reaches maximum capacity. It will focus on making economy cars for […]
First Cross-Border Yuan Trade Settlement Deal Made
Jul. 6 – The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua. The deal is part of a pilot program announced by Beijing last April to ease cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, […]
China Industry: July 6
Jul. 6 – This is a regular series of relevant industry news from around China. Solar power China-based solar cell maker Yingli Green Energy Holding has entered into an agreement to deliver crystalline photovoltaic modules to a 9 megawatt power station in Slovakia in 2009. Multicrystalline solar wafers manufacturer, LDK Solar, said last week that […]
Largest Shipyard in the World Opens in Dalian
Jul. 3 – The largest shipyard in the world, used for the final assembly of big ships and measuring 460 meters long with a width of 135 meters, has opened in Dalian, a coastal city located northeast of China. The shipyard located in Changxing Island has bypassed the Philippine shipyard built by Hanjin Heavy Industries […]
China to Build Economic Zone in Liaoning Province
Jul. 2 – China will soon build a 700 square kilometer coastal economic belt in the northeastern Liaoning Province specializing on shipbuilding, petroleum refining, advanced equipment manufacturing, raw materials, high-tech industries and agriculture processing, according to reports. The province is located in the country’s northeast bordering the Bohai Gulf, North Korea, the Yellow Sea, Jilin […]
New Issue of China Briefing Examines Compliance and Trade Issues in China
Jul. 1 – In this month’s China Briefing, we take a look at important compliance issues for U.S. business operating in China; specifically the United States’ Foreign Corrupt Practices Act and what American companies operating China need to know about the act. The business environment in China can be fraught with ethical issues and U.S. […]
Around Asia: Jul. 1
Jul. 1 – A weekly look at important regional news. China and India to Set Up Direct Hotline India and China are in talks to set up a direct hotline as early as next month. The hotline would connect Indian Prime Minister Manmohan Singh to Chinese Prime Minister Wen Jiabao, allowing the two to conduct […]
Shanghai’s Office Rentals Plunge
SHANGHAI, Jul. 1 – Rental prices for the city’s high-grade office spaces have plunged because of rising vacancies aggravated by the global financial crisis and abundant supply of office space. Real-estate services provider, Colliers International, reports that the prices for the city’s Grade A office buildings dropped by 9 percent to RMB7.1 per square meter, […]
