Other Briefings
Foreign investment funds scrambling for slice of China’s property pie
Foreign investment in China’s property market reached RMB22.2 billion in the first five months of this year (up 89.9 percent from the same period last year) according to the latest figures from the National Bureau of Statistics. As the Shanghai Daily reports: Global property funds have remained very active tapping the increased demand for properties […]
Mekong countries agree to bridge linking China to Bangkok
By Andy Scott Senior officials from several Mekong countries agreed yesterday to build a bridge across the Mekong River, linking by road, the southwest province of Yunnan, China with Bangkok, Thailand. The bridge, which, according to the Asian Development Bank, will be financed by the governments of the People’s Republic of China and Thailand, is scheduled […]
White-collar salaries rising faster in China, India than in West
Pay increases for white-collar jobs in China and India will rise substantially faster than increases in United States and Europe according to new research from Philadelphia-based HR consulting firm Hay Group. The report states that “Much like their colleagues in Europe, US employees will be seeing relatively modest increases in base salaries when compared to the emerging […]
FIEs to get tax rebate for hiring disabled Chinese workers
Foreign companies with disabled Chinese workers on their payroll will qualify for tax rebates from next year according to a recent announcement issued by the State Administration of Taxation. According to the announcement, the maximum tax rebate per disabled worker will be RMB35,000 a year. Further, disabled workers will be exempt from paying income tax […]
Shanghai and Bombay stock exchanges – different aspirations?
2point6billion has an excellent post today comparing the Shanghai and Bombay stock exchanges. With so much focus lately on the Chinese stock market – it’s up, it’s down, it’s up again – it’s nice to see an article that doesn’t mention bubbles and corrections for once. Some choice excerpts: The Bombay Stock Exchange (BSE) – […]
China world’s largest producer of carbon dioxide
China has overtaken the United States to become the world’s largest producer of greenhouse gases, a report released today by the Netherlands Environmental Assessment Agency. China’s emissions were not expected to overtake the U.S.’s this soon, with some reports placing the date several years in the future. While this report is unlikely to bring too […]
Chongqing celebrates ten years as a municipality
On Monday, Chongqing celebrated the tenth anniversary of the its establishment as a municipality. Approved on March 18, 1997, the city became China’s fourth centrally-administered municipality after Beijing, Shanghai and Tianjin. Chongqing has been called “the megalopolis you’ve never heard of,” which is probably true for most people outside China. Designated a municipality in 1997, the area was brought under […]
Developing the Yangtze River
The second tier cities that line the Yangtze River are seeing increased foreign investment as international companies look to move out of the Yangtze River Delta with its high rent and labor costs. As China Briefing pointed out in our November 2006 issue, for export-based businesses in central China, the burden of increased transportation costs […]
