Other Briefings
Shanghai Reports Power Shortages as Temperatures Rise
SHANGHAI, July 7 –Shanghai reported blackouts on Monday as summer temperatures continued to rise. The city’s power network is struggling to meet electricity demands brought by increased use of air-conditioning. According to sources, the city’s electrical grid is fully loaded with all backup power generation systems are in use. On Saturday, city temperature reached […]
B&Q Continues Adapting to China Market as Competition Increases
By Jennifer Wu SHANGHAI, July 4 – Red-bean Frappucinos at Starbucks, porridge at KFC, mooncake-shaped ice cream at Häagen-Dazs—don’t be surprised to find these products or variations at any of their respective chain stores in China. It may seem like an obvious route to take: catering to local preferences and culture as a surefire way […]
China Moves to Control inflow of ‘Hot Money’
July 4 – China is implanting a new system to control the inflow of speculative funds from abroad. The rules state that starting from July 14, it will be mandatory for companies to provide evidence to the State Administration of Foreign Exchange for verification. Exporters will be required to park their export receipts in temporary […]
Chinese Gov’t Policies to Help Large-scale Agribusiness
July 2 – The Sichuan earthquake is likely to hurt small livestock farms in rural China, with medium-sized to large livestock farms emerging as a new trend says an executive of Thailand’s largest agricultural conglomerate.China’s modernization of the farm sector will affect the key agricultural provinces of Hunan, Hubei, Shanxi, Jiangxi and Anhui says Damrongdej […]
Disneyland Shanghai to Open By 2012
June 30 – After much speculation and negotiation, there are reports that a Disneyland in Shanghai seems to finally be in sight. The official confirmation from the Chinese government is expected to be made after the 2008 Beijing Olympics. As early as 2002, there were already plans to build a Disneyland in mainland China by […]
U.S. Banks Finding Closed Doors as China Opens to Europe
June 27 – China is opening the door to European banks faster than U.S. ones according to a Financial Times article published today. The article, by Sundeep Tucker, asserts that European investment banks have established momentum over their U.S. rivals in the race to develop Chinese securities joint ventures, as it appears Beijing is delaying […]
Tibet Opens to Foreign Tourists
June 26 – Tibet reopened to tourists Wednesday, three and a half months after the Chinese government banned visits by foreigners in the wake of violent anti-government riots and protests. The first group of foreign tourists, from Sweden, arrived at the Lhasa airport on Wednesday morning, said Tibetan Tourism Bureau spokesman Liao Lisheng. “Tibet is […]
China Overtakes Japan as World’s Second-largest Oil Importer
June 26 – China overtook Japan as the world’s second-largest crude oil importer in May, importing 16.18 tons of crudel (3.81 million bpd), an increase of 25 percent from a year ago. “It’s a symbol of the era,” Akira Kamiyama told Forbes, derivatives trader at Mitsui & Co. “Japan’s imports will be capped, but China’s […]
