Other Briefings
Tax Breaks for Tobacco Promotion End
Aug. 12 – China’s Ministry of Finance and the State Administration of Taxation said in a circular that promotional spending by tobacco firms will no longer be eligible for tax breaks, effective until 2011. By that time, tobacco promotion in the country will already be banned. China has been trying to find ways to boost […]
Singaporean Business in China, a Continuing Partnership
By Emma Xu SHANGHAI, Aug. 11 – Singaporeans have a long history of doing business in China. Formal diplomatic relations between China and Singapore began in 1990 and helped further enhance this relationship as the Chinese market became more open to Singaporean companies. China has been Singapore’s top foreign direct investment (FDI) destination for the […]
Training Costs May Be Paid by Employees
Aug. 10 – China’s Legislative Affairs Office of the State Council has released a draft regulation for public comment regarding training fees that may need to be paid for by employees. According to the China Daily, around 1.5 to 2.5 percent of employees’ salary will be set aside for the training fees. Salary cuts are […]
Shanghai Expo 2010: The French 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 […]
China Remembered: The Jianguo Hotel Gets a Fax Machine
By Chris Devonshire-Ellis Aug. 7 – China at the end of the 1980s was a very different place than it is now. The platform of contemporary China in terms of infrastructure was already being put in place and China’s rise was perfectly timed in terms of its taking place during the communications revolution – email […]
Shanghai Petitions Currency Rule Changes to Attract More Foreign Private Equity Firms
SHANGHAI, Aug. 6 – Local government officials are petitioning that restrictions on private-equity firms be changed to encourage more foreign private-equity firms to open offices in the Pudong financial district. Director-general of Shanghai’s financial-services office, Fang Xinghai, told the Wall Street Journal that the city wants foreign private-equity firms that raise majority of their capital […]
China Industry: Aug. 5
Aug. 5 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) cells and modules maker Suntech Power Holdings said it has inked a strategic agreement with China Energy Conservation Investment Corporation (CECIC) to develop solar projects over the next five years. Under the terms of the […]
Are China’s Banks in Trouble?
Aug. 5 – Recent speculation suggests China may be mired in non-performing debt at a larger scale than previously thought after the recognition that at least 20 percent of the stimulus plan has leaked out of the banking system and into speculative activities. It’s a good time to take a look at the China banking […]
