Other Briefings
Keeping Your Chinese Partners Honest
By Chris Devonshire-Ellis Jul. 31 – A Financial Times article published earlier this week told the story of how a German businessman was cheated out of his business in China. The story, written by Jamil Anderlini, deals with the tale of businessman Heinz Zuercher, who took up a position as CEO with the Frankfurt listed […]
Tax Bureau to Look at Cross Border Charges
Jul. 30 – China’s State Administration of Taxation (SAT) has instructed local authorities to carry out tax audits on companies with cross-border charges. Local authorities in major cities will soon implement this following the Jin Bin Han [2009] No. 103 notice from the SAT. Company service fees charged to a Chinese subsidiary from overseas with […]
Swedish Government to Close Guangzhou Consulate by November
Jul. 29 – The Swedish government has announced the closure of their consulate in Guangzhou by November 30 along with one embassy and three other consulates-general due to budgetary constraints. On July 23, the government said on its website that they would close Sweden’s Embassy in Colombo and the Swedish Consulates-General in Guangzhou, Kaliningrad, Los […]
China Industry: Jul. 29
Jul. 29 – This is a regular series of relevant industry news from around China. Solar power Canadian Solar said it had received ISO/IEC17025 accreditation for its photovoltaic (PV) reliability testing center in Changshu, China. The center gained the accreditation from China National Accreditation Service for Conformity Assessment, which is solely responsible for the accreditation […]
AmCham: Market Shifting to Higher-End Manufacturing
Jul. 29 – The American Chamber of Commerce in Shanghai has released the first of its Viewpoint series focusing on the manufacturing industry in China and how it is evolving to include higher-end manufacturing. The issue reports how China will no longer remain a source of cheap labor and resources in the future. American companies […]
P&G to Build Largest Asia Pacific Manufacturing Hub in Tianjin
TIANJIN, Jul. 28 – Procter & Gamble is slated to complete its biggest manufacturing base in the Asia Pacific region in China’s northern city of Tianjin at a cost of US$248 million. The plant will be located in the city’s southwest district of Xiqing. Currently, the company has committed RMB198 million for the first phase […]
Threat of Mass Layoff Leads to Death of Factory Manager
By Chris Devonshire-Ellis Jul. 27 – The beating to death of a factory manager in North-East China by workers has raised fears of a resurgence of the type of violence once encouraged by the Communist Party against capitalists during the Cultural Revolution. Chen Guojun was beaten unconscious by a mob of disgruntled employees then later […]
Shanghai Eases FDI Threshold
SHANGHAI, Jul. 27 – In an effort to further ease foreign investment into the city, Shanghai’s district-level officials will now be allowed to sign off on projects worth as much as US$100 million beginning August 1. The move is part of Shanghai’s overall plans to become an international finance capital. The director of Shanghai Municipal […]
