East China

China Regional Focus: Suzhou, Jiangsu Province

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By Rainy Yao

Suzhou: Venice of the East

Suzhou is a major city in the southeast of Jiangsu Province, Eastern China and part of the Yangtze River Delta. Considered one of the richest major cities in China, Suzhou is known as the “Venice of the East.” In this article, Rainy Yao from Dezan Shira & Associates takes a look at this picturesque city filled with opportunities for foreign investment. Continue reading…

China Regional Focus: Hangzhou, Zhejiang Province

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By Yao Lu

Jan. 2 – Hangzhou, whose name translates to the “heaven of the earth”, is the capital of Zhejiang province. The city is located in the southern part of the Yangtze River Delta, the western end of Hangzhou Bay, the lower reaches of the Qiantang River, and the southern end of the Beijing-Hangzhou Grand Canal. It is a financial center in the south wing of the Yangtze River Delta, and a traffic hub for southeast China.

Economic Overview
Over the past decade, Hangzhou has earned recognition from investors for its remarkable economic development, and the city’s economic strength continuously ranks among the top ten medium to large cities in the country.

In 2012, Hangzhou’s GDP exceeded RMB 780.4 billion and grew at an annual rate of 9 percent. Breaking Hangzhou’s growth down further, the city’s primary industry contributed RMB 25.6 billion (2.5 percent growth) and its secondary industry RMB362.7 billion (8.5 percent growth). The remaining RMB 392.1 billion came from the service sector, which grew 10.1 percent year-on-year. Continue reading…

Zhejiang Releases Measures to Ease Company Registration

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Nov. 28 – Zhejiang’s Administration of Industry and Commerce (AIC) recently announced the release of nine measures to conform with the reformatory policies on company registration outlined in the October 25 State Council Executive meeting. These measures will aim to stimulate investment in the province by modifying the government’s role in the market and lowering entry barriers and start-up costs for entrepreneurs.

A press release by the Zhejiang AIC explains that in order to be prepared for the new company registration system, a number of relevant laws and regulations must be revised. It is still unclear when the new measures will enter into force. Continue reading…

China Regional Spotlight: Hefei, Anhui Province

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By Alex Tangkilisan

Oct. 28 – Dubbed the ‘City of Science and Education’ due to its more than 200 universities and research centers/laboratories scattered throughout the city, Hefei is the capital of the Anhui Province in Eastern China.

The city itself has five counties and four districts under its jurisdiction, and has a population of over 7.52 million. It is also serves as the political, economic and cultural hub of the province, and houses an administrative area covering 4,372 square miles. Continue reading…

Shanghai FTZ Launches Cross-Border E-Commerce Platform

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Oct. 11 – As one of the first waves of projects initiated in the Shanghai Free Trade Zone (“Shanghai FTZ”), Shanghai will be launching a pilot cross-border E-commerce platform called buyeasi.com (“跨境通”, pronounced as “kua jing tong”). A trial run of the platform was completed in the past few days, and it will officially commence operation once approval from the China’s General Administration of Customs (GAC) is issued. Continue reading…

Shanghai Releases ‘Negative List’ for Foreign Investment in Shanghai Free Trade Zone

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Sept. 30 – The Shanghai Municipal People’s Government released the “Special Administrative Measures on the Entry of Foreign Investment into China (Shanghai) Free Trade Zone (2013 Negative List) (hereinafter referred to as the ‘Negative List’)” on September 30, which details the different treatment for foreign investors and Chinese investors in the Shanghai Free Trade Zone (Shanghai FTZ). Detailed information can be found below. Continue reading…

Shanghai’s New Free Trade Zone – General Plan and Regulations

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The Translated Regulatory Plan Plus Additional Commentary

Sept. 28 – China’s Central Government released the “General Plan for the China (Shanghai) Free Trade Zone (guofa [2013] No. 38, hereafter referred to as the ‘Plan’)” late yesterday afternoon, which lists out the reform tasks and liberalizing measures for the Shanghai Free Trade Zone (FTZ). Detailed information on the three main tasks can be found below.

Geographical Scope
The Shanghai FTZ, the first of its kind in Mainland China, covers an area of 28.78 square kilometers, and consists of the four following existing bonded zones:

  • Waigaoqiao Free Trade Zone;
  • Waigaoqiao Free Trade Logistics Park;
  • Pudong Airport Comprehensive Free Trade Zone; and
  • Yangshan Free Trade Port Area. Continue reading…

Isolated Internet Freedoms in Shanghai’s Free Trade Zone

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Sept. 25 – The Chinese government has apparently endorsed a plan to allow uncensored internet access in the new Shanghai Free Trade Zone (FTZ), according to reports in the South China Morning Post quoting unnamed official sources. Foreign internet service providers would also be allowed to bid for licenses in the zone.

“In order to welcome foreign companies to invest and let foreigners live and work happily in the free trade zone, we must think about how we can make them feel at home. If they can’t get onto Facebook or read The New York Times, they may naturally wonder how special this zone is compared to the rest of China,” the source was credited as saying. Continue reading…

Asia Briefing Bookstore Catalogue 2013