Economy & Trade

Shanghai to open three new metro lines by end of year


Shanghai will open three new metro lines by the end of the year, extending the total distance of the network to 230 kilometers authorities at the city subway’s construction headquarters announced. Metro Line 6 will run south to north in Pudong, Metro Line 8 links Yangpu District with many downtown stops, and Metro Line 9 links Xuhui […]

Are blogs destroying serious reading?


In an op/ed in today’s Shanghai Daily, Wan Lixin laments that serious reading has gone the way of the dodo.  He writes that, according to a recent survey by the Chinese Institute of Publishing Science, the number of Chinese reading books has decreased sharply since 1999. Wan says that it is not only China that has […]

China taxes oil exports by foreign firms


China will impose a tax on crude oil exports by foreign partners in offshore joint ventures the Ministry of Finance announced yesterday. As reported in China Daily, the tax – a 5 percent tariff on oil exports – will take effect August 1, but existing contracts will be granted a five-year holiday. “The move is aimed at […]

Vietnam passes China to become most attractive destination for FDI


Vietnam has exceeded China to become the most attractive destination for investment in production while the United Arab Emirates surpasses India to become an ideal place for investment in services, according new survey of emerging markets by Price Waterhouse Coopers. According to The Sunday Times, the index assesses 20 prominent emerging-market locations on the basis […]

China – India roundup, India Briefing launched


It’s been a busy week for Dezan Shira & Associates, the firm behind China Briefing, and it’s all to do with India. Last week the practice opened three offices – Delhi, Mumbai and Chennai – specializing in foreign direct investment legal and tax matters into India for international clients, and we here at China Briefing published […]

Beijing to ban a million cars in clean-air test


Beijing will take one million cars off the city’s streets for two weeks in August to rehearse traffic control measures for next year’s Olympic Games, organizers of the event have said. Sources with the Beijing organizing committee for the Olympic Games said that city authorities will clear Beijing’s roads between August 7 and 20. They […]

China policy increasingly important in U.S. presidential campaign


While many people in the United States are focusing on “made in China” tags and substandard food, China is reaching out to leading U.S. presidential candidates, holding an unpublicized meeting with several of their top foreign policy advisors. Vice Foreign minister Dai Bingguo recently had dinner with advisors to some of the leading presidential candidates including Sen. […]

China to allow FDI in defense sector


China will allow foreign investment in its defense sector according to state media Tuesday, as it looks to invigorate a long restricted and dormant sector. Beijing News (via AFP) is reporting that firms producing less-sensitive military equipment and products for broader civil and consumer markets will be allowed to solicit domestic and foreign investors as […]

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