Other Briefings
China’s exports feel the sting of U.S. credit crunch
April 17 – At the ongoing Canton Fair, China’s largest trade event, it remains to be seen just how far-reaching the U.S. mortgage crisis will affect the Chinese market. Already some Chinese exporters say that orders have either been lowered or slower to increase compared to previous years. “The growth of export orders in the […]
A Brief History of the Bank of China
April 17 – The Bank of China’s beginnings lie within the Imperial Chinese Court. The Hupu Bank The Hupu Bank was organized by the Imperial Ministry of Revenues in 1904 during the Qing Dynasty. It is the oldest government owned and operated bank in China and opened its first office in Beijing on September 27, […]
Dezan Shira & Associates opens new office in Ningbo
Practice now has three offices in Shanghai’s Yangtze River Delta and nine nationally NINGBO, April 16 – Dezan Shira & Associates, the specialist foreign direct investment firm, has opened an office in the port of Ningbo, on China’s Eastern coast just south of Shanghai. The practice, which provides legal, tax and due diligence advice to […]
China’s first quarter GDP up by 10.6 percent
April 16- China’s gross domestic product for the first three months of the year till March 31 grew by 10.6 percent. According to the National Bureau of Statistics, the figure is lower than last year’s 11.7 percent during the same period. The slight slowdown has been attributed to the prolonged winter season that led to […]
China’s inflation shows some signs of slowing
PBOC and CBRC both “optimistic” inflation is being curbed BEIJING, April 15 – The Peoples Bank of China (PBOC) has claimed some initial success in cooling the economy with slowdowns occurring for the first time in recent months in new money supply and bank loans. With inflation at a 12 year high, chairman of the […]
China’s largest wine importer freed from custody over customs discrepancies
SHANGHAI, April 14 – Don St. Pierre Jr., named the 37th most influential wine person globally, was recently released in Shanghai following a month-long detention and a major investigation of his firm’s wine importation business. St. Pierre was being held as part of an extensive investigation of wine importers by the Chinese authorities looking for […]
Canton Fair revises registration regulations for foreigners
GUANGZHOU, April 14 – According to the China Import and Export website, registration regulations for foreigners to attend the 103rd session of the annual Canton Fair have been revised. In order for foreigners to register, a new five step process has been implemented in the attempt to make the Canton Fair a safe trading environment […]
China wrestles with Russia for control of Central Asia
This is the seventh in a series of articles that looks at China’s borders. As China has grown in the last 30 years, so have the often complicated relationships it has with its many varied neighbors. In this article, we take a look at Russia. By Joyce Roque April 14 – The Russian Federation […]
