Other Briefings
Provinces Ordered to Stop Power Discounts to Industrial Users
Mar. 18 – China’s National Development and Reform Commission told local governments to stop giving preferential power discounts to large industrial users as it goes against the national plan to foster energy conservation and revamp industries that have high energy consumption. Local governments, including Inner Mongolia, Yunnan and Ningxia, have implemented various regional tariffs to […]
Cost of Living and Mandatory Welfare Payment Charts for 2009
Mar. 17 – Dezan Shira & Associates has released an updated cost of living chart detailing prices for a basket of goods and services in the Chinese cities where they operate. The firm used the following as price indicators set in minimum and maximum amounts: office rent in a grade A building, centrally-located western-styled apartment […]
China in Asia: Mar. 17
Mar. 17 – Here is how China has been reported across the region over the past week. GFSI : Shanghai 35th, Mumbai 49th The Global Financial Centers Index, which measures the performances of the world’s financial centers, has just released its latest six monthly report. The report, which is compiled from analysis by the independent […]
Antitrust Review of Coke-Huiyuan Deal Due on Friday
Mar. 17 – China’s Commerce Ministry has until Friday to review Coca-Cola Co.’s takeover of China Huiyuan Juice Group although under the anti-monopoly law regulators are allowed to extend the deadline. Commerce Ministry spokesman Yao Jian told WSJ that they were in the second stage of their review of Coca-Cola Co.’s plan to acquire beverage […]
China Industry: Mar. 17
Mar. 17 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) cells and modules maker Suntech Power Holdings teamed up with U.S. solar project developer 3rd Rock Systems and Technologies to develop an initial 7.2 MW of solar systems in the United States. The US-based company […]
The Chinese are Spending their Way to Recovery
By Christian Fleming SHANGHAI, Mar. 16 – Since the collapse of major financial institutions this past fall, China has been spending a fortune trying to keep their country running smoothly and continue expanding. A large part of this spending has come from the RMB4 trillion stimulus package designed to maintain growth even as world trade […]
China Signs US$3.2 Billion Gas Deal with Iran
Mar. 16 – China has signed a three-year natural gas deal with Iran worth US$3.2 billion to develop the South Pars field underneath the Persian Gulf seabed; said to be the world’s largest natural gas reservoir. The deal comes after the United States announced renewed business sanctions against Iran and highlights how using economic pressure […]
Hong Kong, Mainland to Connect Payment Network
Mar. 13 – Beginning March 16, Hong Kong and the rest of the mainland will link their foreign-currency payment and clearing systems to reduce cross-border payment risks and costs. Mainland Chinese banks can now make cross-border payments and settlements in Hong Kong dollars, United States dollars, euros and pounds through the network. More currencies will […]
