Other Briefings
Taiwanese Businesses to Invest US$2.9 Billion in Tianjin
Dec. 16 – A top official from the Tianjin municipality said that Taiwanese businesses will invest RMB20 billion or around US$2.9 billion in the city mainly in the manufacturing, agriculture and service industries. Ren Xuefeng, the vice-mayor of Tianjin, told China Daily that the investment will include 22 joint projects. Wang Shupei, director of Tianjin […]
China Raises Money Supply to Help Liquidity
Dec. 15 – China’s State Council has announced that it would increase money supply growth from 16 percent to 17 percent to stabilize the capital market and aid the slowing economy. The new figure is 3 to 4 percentage points above the total growth of economic output and consumer prices. The measure comes three days […]
Hong Kong Bird Flu Alert Status ‘Serious’
HONG KONG, Dec. 12 – The Hong Kong government has raised the alert status for Avian Influenza to “serious” after the H5N1 virus was found in chickens on a poultry farm in the New Territories. Avian Influenza, more commonly known as bird flu, can spread to humans and is often fatal, with outbreaks occurring in […]
China Considers Cutting Purchasing Tax for Vehicles
Dec. 12 – The Chinese government is mulling over either reducing or cutting purchase tax for vehicles and granting subsidies to environmentally friendly energy vehicles to encourage its use. According to Shanghai Daily, Chinese carmakers, including Guangzhou Automobile Industrial Corp. and Geely Automobile Co., are asking for government support for slowing vehicle sales during the […]
China’s Consumer Inflation Drops to Lowest Level in Two Years
Dec. 11 – China’s consumer inflation rate dropped to 2.4 percent in November, the lowest rate in almost two years. Food and energy costs eased as the government encouraged growth through spending without spurring price hikes, reports the AP. November’s 2.4 percent inflation rate is lower compared to October’s 4 percent more so February’s 8.7 […]
Ten Chinese Heroes for 2008
Dec. 11 – In what has been a difficult year in China, our cultural website China Expat has produced a heartwarming list of ten Chinese heroes for 2008. During this festive season, where giving to fellow man is part of the creed, we’d like to share this with you; many thanks to Ernie Diaz […]
Chinese Banks to be Allowed to Finance M&As
Dec. 11 – The China Banking Regulatory Commission has revised regulations to allow qualifying banks to finance mergers and acquisitions for all domestic companies for the first time in China. The regulation aims to foster economic growth and fund restructuring plans for industries affected by the global credit crisis.
China Announces 2009 Holiday Schedule
Dec. 11 – The State Council has announced the holiday schedule for 2009. According to Shanghai Daily, National Day falling on October 1, and the Mid-Autumn Festival, starting October 3 will be combined into China’s first eight-day holiday since the founding of the People’s Republic in 1949. Employees will be required to go to work […]
