Other Briefings
Shenzhen Wins UNESCO Design Award
Dec. 8 – Shenzhen has won the UNESCO City of Design award; the first Chinese city ever to be given the recognition. The city was recognized for its dynamic development, history and young population according to a panel of UNESCO experts. It is now part of the global ranks of the Creative Cities Network that […]
China Sets Fixed Rate For Mobile Messages
Dec. 5 – Starting January 15, the fee for mobile short messages will be fixed at RMB0.10 nationwide with all short message packages to be canceled by January 1st, according to the Ministry of Industry and Information Technology. Telecom companies including China Mobile and China Unicom, have been advised to stop offering all packages with […]
China Industry Report: Dec. 5
Dec. 5 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) module maker, Suntech Power Holdings Co. Ltd., said its regular PV cell and module production and shipments were not affected by the accident in its Wuxi module production site that led seven of the company’s […]
China’s Wealth Fund to Avoid Western Financial Firms
Dec. 4 – The chairman and chief executive of China’s sovereign wealth fund, the China Investment Corp. (CIC), said he had lost confidence in western financial institutions during the global economic crisis and would not be investing in them, according to Xinhua. Lou Jiwei spoke during a plenary session of the Clinton Global Initiative Asia […]
China Releases Revised Tax Regulations
Dec. 4 – China’s Ministry of Finance and State Administration of Taxation has released the revised regulations on value-added tax, business tax and consumption tax. The changes for the provisional VAT regulations include: input VAT incurred on the purchase of fixed assets has been removed from the list of non-creditable input VAT; import VAT exemption […]
New Issue of Vietnam Briefing Magazine Online Now
Dec. 4 – The newest issue of Vietnam Briefing is now available online. The magazine tackles the topic of how to establish business in Vietnam with articles about corporate and personal income tax regime and registration procedures for foreign investors. It also looks into the country’s business environment and provides a list of locations that […]
China M&A, with Linguistics Attached Please
By Chris Devonshire-Ellis Dec. 3 – The recent approval of InBev’s acquisition of Anheuser-Busch by China’s Ministry of Commerce (MOC) has caused some consternation amongst M&A lawyers in China. Being the first major deal to be subjected to China’s enhanced anti-monopoly laws which require MOC approval for deals that affect China-based businesses, the decision by […]
China in Asia Regional Round Up: Dec. 3
Dec. 3 – Here is how China has been reported across the region over the past week. Oil and Gas Companies Go Shopping The value of global oil and gas companies has decreased in the last year due to the ongoing economic downturn making it an opportune time for Indian companies to buy global assets […]
