The real estate market in Guangzhou is to face closer scrutiny following the launch Monday of a new campaign by municipal authorities. China Daily reported that eleven government departments will aim to expose firms’ tricks and misbehavior relating to property developments, marketing and sales activities. The departments involved include those responsible for the city’s development[…..]
Seven factors will stall China’s use of FDI in 2007 according to an article recently published by the Research Institute of the Ministry of Commerce. In the article, Shan Danyang, vice dean of the institute stated that China’s use of FDI in 2007 will decline, following the trend from last year (FDI use in 2006[…..]
China’s Minister of Health, Gao Qiang, is encouraging foreign direct investment (FDI) in the health sector according to Xinhua. Foreign investors are being encouraged to open joint venture hospitals in which they can own as much as 70% of the private medical facility. “Foreign invested hospitals will be strictly supervised by the Chinese government but[…..]
The National Development and Reform Commission (NDRC) announced that over the next three years, China’s two top energy giants China National Petroleum Corporation (CNPC) and Sinopec will spare no efforts to double output from the Xinjiang Uygur Autonomous Region to 44 million tons of oil, the People’s Daily reported.
By Andy Scott SHANGHAI, Mar. 6 – Asian stocks are rallying for the first time in five days, stemming a worldwide sell-off that wiped US$1.5 trillion from the value of global shares. The downward trend began last Tuesday when the Shanghai stock market dropped over 9 percent. Other Asian markets began to tumble and by[…..]
Guangzhou and Shenzhen Foreign trading companies registered in free trade zones (FTZs) are, in theory, allowed to expand their business scope to enjoy the rights of import/export and distribution in China now widely conducted through foreign invested commercial enterprises (outside FTZs). In practice, however, we have found that some of the FTZs are not implementing[…..]
Feb. 27 – China is planning to extend its oil and gas pipelines nearly 63 percent by 2010 to meet rising energy demand, according to the nation’s key pipeline builder. Around 25,000 kilometres of energy pipelines will be added according to Su Shifeng, director of the China Petroleum Pipeline Bureau (CPPLB). China currently has 40,000[…..]
HANGZHOU, Jan. 29 – At 7:15 p.m. on January 28, 2007, the first CRH (China Railway Highspeed) train left Hangzhou with nearly 700 passengers, arriving in Shanghai 90 minutes later. The new bullet trains, or dong he du in Chinese, use multiple engine-powered carriages alongside non-powered units in order to raise travel speeds. Theoretically, the[…..]