Other Briefings
China Industry: Mar. 12
Mar. 12 – This is a regular series of relevant industry news from around China. Wind power U.S. anti-friction bearings maker Timken Company has signed a long-term, multi-year agreement to supply wind turbine gearbox bearings to China-based Nanjing High Speed Gear Manufacturing Co Ltd. Timken will supply tapered and cylindrical roller bearings for use in […]
February Exports Drop by 25.7 Percent
Mar. 12 – China’s General Administration of Customs released the figures for February showing that exports plunged by 25.7 percent to US$64.9 billion compared to last year. It is the largest decrease in more than a decade and the fourth monthly decline in a row, reports China Daily. Imports were also not spared as figures […]
New Regulation for Company Chops in Shenzhen
SHENZHEN, Mar. 11 – For companies in Shenzhen that are looking to change or report the loss of their company chop, legal representatives are now required to appear and file the application in person. In the past, this could be done through power of attorney. Prior to notifying authorities about the loss of the documents […]
Guangdong Supports Foreign-Funded Businesses
Mar. 10 – The provincial government of Guangdong has implemented measures to help Hong Kong, Macau and Taiwanese-funded companies deal with the slowing global economy. The latter combined comprise of sixty four percent of the 91,000 foreign-funded companies in the province. The support will include the following to name a few: a.) The provincial government […]
Coke-Huiyuan Deal Still Under Review
Mar. 10 – The Chinese government is still reviewing Coca-Cola Co’s bid to acquire China Huiyuan Juice Group under the new anti-monopoly law, the Commerce Minister Chen Demin said in a press conference at the sidelines of the ongoing annual parliamentary meeting. Coca-Cola had filed the application for anti-trust approval in the country since December, […]
China in Asia: Mar. 10
Mar. 10 – Here is how China has been reported across the region over the past week. Asia Optimistic of Continued Growth As Warren Buffett and President Obama predict a gloomy economy this year, Asian economies backed by the strength of their financial systems and international reserves are looking forward to a brighter economy with […]
China Industry: March 9
Mar. 9 – This is a regular series of relevant industry news from around China. Solar power U.S.-based Chinese manufacturer Worldwide Manufacturing USA has filed for eight Chinese patents seeking protection for solar module technology. These patents will address improvements in voltage receiving capacity, production process enhancements, power output increases and design improvements. Chinese solar […]
China to Eventually Abolish Export Tax
Mar. 9 – China will eventually cut export-related taxes to zero and offer financial help for struggling exporters, the commerce minister said in an interview. The Commerce Minister Chen Deming told the Study Times newspaper, the government would “according to international rules steadily restore zero tax rates for export products,” as well as ensure high-energy […]
