Economy & Trade

China’s Central Bank Intensifies Campaign against Fake Money

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Jan. 13 – China’s central bank has intensified efforts to curb the circulation of counterfeit money before the start of the Spring Festival holiday. The Shanghai Headquarters of the People’s Bank of China (PBOC) told Xinhua that it is working closer with the public security and commerce authorities to combat counterfeit renminbi. More than 10 […]

Shanghai to Improve Services for Foreign Investors

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SHANGHAI, Jan. 13 – The Shanghai government is upgrading its range of services for overseas investors to maintain the inflow of funds, says a local official. “If we want to seize opportunities from the challenges, it is necessary for us to give equal emphasis to improving services and opening up,” Sha Hailin, chief of the […]

January/February Issue of China Briefing Magazine Online Now

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Jan. 12 – The new January/February issue of China Briefing magazine is online and available for download (complimentary subscription available). The issue deals with expatriate individual income tax in China, describing the circumstances under which expatriate employees and visiting businessmen in China are subject to income tax, the applicable rates, and permitted allowances. A quick […]

Disney to Submit Shanghai Proposal to Beijing

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Jan. 12 – Days after Walt Disney Co. denied news that it has agreed to build the mainland’s first Disneyland in Shanghai, the China Economic Review reports that negotiations for the park have been completed and the proposal will be submitted to the central government for approval. “Discussions have been ongoing about the feasibility of […]

China Set to Cut Interest Rates Drastically

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Jan. 12 – China’s central bank could drastically cut the benchmark interest rate soon to ease inflationary pressure, according to a report made by the Bank of China. It said that the People’s Bank of China may implement further cuts to the benchmark one-year deposit rate by 81 basis points and the lending rate by […]

China Industry Report: Jan. 12

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Jan. 12 – This is a regular series of relevant industry news from around China. Geothermal power A meeting between Samoa’s Minister of Natural Resources and Environment, Faumuina Tiatia Liuga, and Chinese Deputy Minister of Commerce, Fu Ziying, discussed a possible cooperation for a project related to geothermal power. Samoa is seeking ways to eliminate […]

The I-Ching and Franz Kafka in China Business

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Jan. 9 – Every Friday afternoon we’ll be featuring a round up of the best weekly stories and articles from China Expat. These articles are designed to bridge the gap between China business and culture. We hope you’ll find them interesting and enjoyable. The I Ching speaks truth to power Times are always uncertain, but […]

Disney Denies Deal for Theme Park in Shanghai

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SHANGHAI, Jan. 9 – The Walt Disney Co. has denied reports that it has agreed to build the mainland’s first Disneyland in Shanghai by 2013. “The report is not true and no agreement has been reached,” Tiffany Huang, assistant to senior manager, Walt Disney Co. of China told Xinhua. The Shanghai Securities News said in […]

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