Other Briefings
Porsche Unveils its First Sedan in Shanghai
SHANGHAI, Apr. 20 – Porsche introduced its first luxury sedan during the eve of the Shanghai auto show at the Shanghai World Financial Center; indicating its focus on the Chinese automobile market. It is the first time the car company formally entered a new market segment during an auto show outside the United States or […]
Majority of China’s Richest Live Outside Big Cities
Apr. 17 – Majority of China’s wealthiest people live outside the huge cities of Beijing, Shanghai and Guangdong, according to a study. The Hurun 2009 Wealth Report announced that 825,000 people in China have a reported personal wealth of more than RMB10 million (US$1.47 million) while 51,000 people are worth more than RMB100 million. Fifty-two […]
China to Revise FDI Procedures
Apr. 16 – China will further revise its foreign direct investment (FDI) approval procedures in a bid to make the process efficient and channel more investments to the western and central parts of the country. Despite China’s FDI inflow slowing down for the sixth consecutive month, March figures indicate that the economy may be picking […]
China Industry: Apr. 16
Apr. 16 – This is a regular series of relevant industry news from around China. Air transport Chongqing Airlines, a company jointly owned by China Southern Airlines and Chongqing International Invest Co, received its first of three Airbus A319s at a ceremony held in Hamburg, Germany. The company leases the aircraft from ILFC. The first […]
Hong Kong, Shenzhen and Shanghai Listed as the Most Competitive Cities in China
Apr. 15 – The seventh edition of the Blue Book on Urban Competitiveness conducted by the Chinese Academy of Social Sciences (CASS) listed Hong Kong, Shenzhen and Shanghai as the three top competitive cities in the country. The newest entrant to the top 10 is the coastal city of Qingdao; which hosted the sailing events […]
China in Asia: Apr. 14
Apr. 14 – Here is how China has been reported across the region over the past week. China / India Border Disputes: Arunachal Pradesh With news that China has vetoed plans for an Asian Development Bank loan to India for development of the Arunachal Pradesh region, we take a look at why the region is […]
Five Year Tax Exemptions for Media and ‘Cultural’ Industries
Apr. 14 -The Chinese government has announced a preferential tax policy spanning five years to help boost the country’s “cultural industries.” According to the Ministry of Finance, cultural companies will be qualified for an exemption of value-added tax, business tax or import duties from 2009 to 2013. Cultural companies are defined as those dealing with […]
Rules for Chinese Overseas Investment Relaxed, Guidelines Issued
Apr. 13 – The Ministry of Commerce released its first guidelines for overseas investment by Chinese companies on Friday. The document, encompassing some twenty countries approved by the central government to receive Chinese investment, are part of the ministry’s strategy to assist Chinese companies abroad and come on the heels of last month’s relaxing of […]
