Guangdong Reports Boost in Ship Exports
May 4 – Guangdong province reported an increase of ship exports when it sold 42,000 vessels for the first quarter of the year at an increase of 230 percent. The total exports were made up of 49.1 percent or US$200 million by foreign-funded companies and the rest worth US$160 million was sold by state-owned enterprises. […]
Mainland China Investments in Taiwan Now Permitted
May 1 – New laws allowing Mainland Chinese companies to invest in Taiwan came into effect today, bringing to an end 60 years of cross-straits B2B restrictions. Previously, Chinese companies wanting to invest in Taiwan had to establish Hong Kong or other entities to do so, and even this was considered not politically prudent. The […]
China Industry: May 1
May 1 – This is a regular series of relevant industry news from around China. Solar power Taiwanese Motech Industries booked a net income of TW$48 million for the first quarter of 2009, 82 percentless than last year and the lowest in six years. Chinese photovoltaic (PV) cells and modules maker Suntech Power Holdings Co. […]
Foreign Businesses Permitted to List in Shanghai
SHANGHAI, Apr. 30 – China’s State Council yesterday approved plans to permit, on a trial basis, overseas companies to list on the Shanghai stock exchange. The ratification allows foreign companies to list on the exchange, to use RMB for trade settlements, and to float shares in RMB denominated bonds. The government also permitted Shanghai to […]
New Regulation on Releasing Financial Info
Apr. 30 – China’s State Council Information Office, the Ministry of Commerce, and State Administration for Industry and Commerce has announced a new regulation regarding the release of financial information in the country by foreign organizations. Effective June 1, the rule will include the approval, investment, supervision and legal responsibilities for foreign organizations in the […]
China Ramps Up Security for 60th Anniversary Celebration
Apr. 29 – China has announced that it would launch a security campaign in May similar to the measures taken last year for the Beijing Olympic to guarantee safety for the upcoming anniversary celebrations marking the founding the of the People’s Republic of China on Oct. 1. The event is a milestone for the government […]
China Sector Watch: Tourism
This series will take an in-depth look at the industries that are shaping the Chinese economy today. By Joyce Roque Apr. 29 – The tourism industry in China in many ways is still at its early stages. Compared to the other industries that opened up after the reforms made Deng Xiaoping thirty years ago, the […]
Around Asia: Apr. 28
Apr. 28 – A weekly look at China and related influential regional news. Vietnam Taking Precautionary Measures Against Swine Flu At the recommendation of health experts, Vietnam has established precautionary measures to protect itself from the spreading H1N1 strain of swine flu virus currently affecting people in Mexico and the Unites States. (Vietnam Briefing)