Other Briefings
Chinese shares surge again, prompting talk of bubbles and corrections
And they’re at it again. Yesterday saw Shanghai’s benchmark index soar into the 4,000 territory for the first time since the market began trading in 1990. The Shanghai Composite Index, which tracks yuan-backed A shares and hard-currency-backed B stocks closed at 4,013.09 yesterday, driven by blue chips China Unicom and Bank of China. The index continues […]
May issue of China Briefing out now
The May issue of China Briefing is out now. In this issue we expound on out recent annual series of meetings with various Chinese ministries and senior officials to try an get a picture of what is happening in terms of economic development in China, the development of the nation and the impact this is […]
NDRC: Services should dominate economy
The service sector should play a dominant role in the national economy said Xia Nong, vice director of the National Development and Reform Commission (NDRC) Policy Department at a news conference April 24. The GDP ratio of energy-consuming sectors increased while the service sector, which demands little energy, decreased from 40.7% in 2004, to 39.9% in 2005, and to 39.5% […]
Controls on foreigners’ hydrological acitivities tightened
The State Council has issued a regulation requiring foreigners in China to receive government approval before conducting any hydrological activities in the country. As Xinhua reports, the regulation, which will come into effect on June 1, states that, “Foreign organizations and individuals who engage in hydrological activities in China must obtain approval from the central […]
Lack of due diligence in poisoned medicine
The need for comprehensive due diligence was made painfully clear this weekend when The New York Times ran a report tracing the path of a toxic syrup from Panama where it lead to a reported 365 deaths, 100 which are confirmed, back to its production facility in the Yangtze River Delta. Walt Bogdanich and Jake […]
Guidelines on FDI released for 2007
The Ministry of Commerce (MOFCOM) has issued guidelines on foreign investment for 2007 which state that China will encourage foreigners to invest more in the service sector and high-tech companies this year while restricting overseas investment in real estate projects. According to the guidelines, foreign investment will be channelled into the high-tech, modern service and […]
Unused land tapped for future development
China’s vast “unused” coastal land could be used for development said Sun Wensheng, head of the Ministry of Land and Resources, on a recent survey tour to Shandong and Hebei Provinces. The unused land, areas that are not good for agricultural nor construction purposes, including saline-alkalized land, beaches, sand lands, quagmire and bare rocks, will […]
Steel exports to rise through 2007
China will continue to see a steady rise in steel production exports in spite of the governments best efforts to curb exports by canceling export tax rebates on the majority of steel products an industry official at the 2007 China Steel Import & Export Seminar said yesterday in Shanghai. “The tax rebate cut, which has […]
