Economy & Trade

AmCham China Releases 2009 White Paper

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May 7 – The American Chamber of Commerce in the People’s Republic China has released its 11th white paper on the state of American businesses in the country based on the views and experiences of its members. The 2009 White Paper is released by AmCham-China annually and is used by the organization as a basis […]

Stricter Visa Application Procedure for U.S. Citizens

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May 6 – China has announced new rules for visa applications to the country for U.S. citizens; suspending express and rush services until further notice. All U.S. visa applications to China, including tourist and business visas, will now take six business days to process as opposed to the previous one day processing. Applicants will also […]

Around Asia: May 6

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May 6 – A weekly look at important regional news. India Empowers 700 million People, China Looks On One of the fundamental differences between India and China is the democratic process of government. It’s a curious subject to delve into: Indian politicians look on with envious eyes at China’s one party state and their ability […]

China Revises Market Entry Policies for Banks

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May 6 – The China Banking Regulatory Commission released new market entry policies for branches of joint-stock commercial banks and urban commercial banks on April 30. The new policies, called the Opinions on the Market Entry Policies for Branches of Small and Medium-Sized Commercial Banks, include six clauses that detail how qualifying small and medium […]

Are Privileged GAAP Treatments Keeping China’s SOEs Profitable?

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May 5 – Findings by the research team at the Spanish bank BBVA uncovered specific treatments by the Chinese government used solely for the benefit of its own state-owned enterprises that appear to show a disregard for China’s own generally accepted accounting principles in terms of transparency and fair competition. The bank’s Hong Kong unit […]

Alibaba Hikes Fees for Global Members

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May 5 – China’s biggest e-commerce company, Alibaba, has announced that it will hike fees by as much as five-fold for its international members starting June 15. The new annual fee is priced at US$2,999 and will give members the same pricing and level of service that local domestic exporters receive. The new package is […]

CHINICT Founder Looks Forward to Successful IT Entrepreneurship Conference

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May 5 – From May 21 to May 22, Beijing will play host to the largest networking, communication and brand-positioning event in Asia for the world’s fastest growing IT corporations. CHINICT [pronounced China-ICT] aims to bring together established industry heavyweights with up and coming IT companies, providing insight into market trends and introducing cutting-edge technologies. […]

China Approves Taiwan Straits Economic Zone

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May 5 – China’s State Council has approved the development of an economic zone on the western side of the Taiwan Straits with Fujian Province at its hub and linking it to the Pearl River Delta and the Yangtze River Delta. This could mean that Fujian will get more policy support from the central government. […]

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