Economy & Trade

UNDP Report:China Should Provide Basic Public Services for All Its Citizens

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Nov. 17 – According to the China Human Development Report 2007/08 called “Access for All: Basic Public Services for 1.3 Billion People,” the country should hasten the process of providing basic public services for all its citizens. The report was commissioned by the United Nations Development Programme and researched by the China Institute for Reform […]

The China Auto Literature Trilogy

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Nov. 17 – It is always useful to read longer term accounts of earlier days in China, especially during downturns. War stories of seat of the pants exploits, problems with Chinese partners and politicians, mass corruption and theft, as well of scary accounts of mass protests when things go wrong do tend to assist with […]

China in Asia Regional Round Up: Nov. 17

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Nov. 17 – Here is how China has been reported across the region over the past week. India-China Relationship “Very Important to U.S.” – Obama speaks with Singh A week after U.S. President-elect Barack Obama won the election, he made his first official phone call to Indian Prime Minister Manmohan Singh, firmly brushing aside speculation […]

World Leaders Vow to Act on Crisis

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Nov. 16 – Facing the most serious global financial meltdown since the Great Depression, world leaders vowed on Saturday to undertake coordinated actions to revive the global economy. The Washington summit, held amid serious challenges to the world economy and financial markets, was the first one for the G-20 since it was founded 1999 in […]

Wuhan’s Time Has Come – City Business Overview

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Nov. 14 – Wuhan, the central Chinese inland capital city of Hubei province, has been generating interest recently as a major recipient of much of China’s stimulus package and also as an increasingly attractive recipient of foreign investment looking to sell further onto the domestic market. It is the seventh largest city in the country […]

Current VAT ‘Encouraged Projects’ to Change Under New Tax Reform

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Nov. 14 – China announced earlier this week that beginning January 1, it will reduce value-added tax (VAT) for all industries in an effort to encourage movement from the current production-based VAT regime to a consumption-based one. Under the new system, the VAT-IN paid on importation or local purchase of production equipments will be deductible, […]

China Briefing Launches Regional Guides in Shanghai

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SHANGHAI, Nov. 13 – China Briefing unveiled its newly published set of regional China business guides in Shanghai last night at the Kathleen’s 5 near People’s Square. The guides, produced in association with Dezan Shira & Associates, provide comprehensive overviews of all of Mainland China’s provinces and many of the countries first-, second-, and third-tier […]

China Announces Export Tax Cuts

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Nov. 13 – China’s Cabinet announced on its website that it would increase the value-added tax (VAT) refund rate on some products including steel, grain, chemical goods and thousands of other goods as part of its efforts to quicken growth after the release of a multibillion-dollar economic stimulus package. The VAT refund rate increase, effective […]

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