Other Briefings
Guangdong to Allot US$4 Billion for Jobless Rural Workers
Feb. 5 – The Guangdong provincial government has announced that it will allot more than RMB30 billion (US$4 billion) to aid jobless rural workers. The measure comes after China recently admitted that there was a huge jump in unemployment rates in the country with an estimated 20 million rural migrants now unemployed. Rural families earn […]
Textile Tax Rebate to Increase 15 Percent
Feb. 5 – China will increase the tax rebate rate for textile and garment exports to 15 percent from the previous from 14 percent in an effort to support the textile industry and help exporters reduce costs. The State Council did not specify when the new tax rebate rate will be applied. This is the […]
China Industry Report: Feb. 4
Feb. 4 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) modules maker Suntech Power Holdings Co. Ltd. said it has entered into a supply agreement with US-based Standard Solar Inc. Under the terms of the contract Suntech will supply up to 5 megawatts of photovoltaic […]
Improvements Forecast for China’s Real Estate Market
SHANGHAI, Feb. 2 – Crispins Property Investment Management, the highly respected China-centered property investment firm, has just released their latest report on China’s nationwide property markets. Founded by Shanghai-based real estate expert Sam Crispin in 2002, the report includes commentary on the property markets in Shanghai, Beijing, Tianjin, Guangzhou, Shenzhen, and Hainan can be read […]
Wen: China Considering New Stimulus Package
Feb. 2 – Chinese Premier Wen Jiabao said that Beijing was considering another economic stimulus plan in addition to the initial US$585 billion package announced last November. Wen spoke during an interview with the Financial Times during the fifth leg of a European tour tasked to assure trade partners that China will cooperate with the […]
Beijing Lifts Restrictions for Foreigners Buying Real Estate
Jan. 26 – The Beijing government has lifted restrictions on foreigners wanting to purchase real estate in an effort to lift the slumping property market. For this year, the residency requirement and house type limits that applies for foreign expatriates have been removed. Previously, only expatriates that have resided in the capital for more than […]
China’s GDP Grows by 9 Percent in 2008
Jan. 22 – China’s National Bureau of Statistics announced that gross domestic product (GDP) grew by 9 percent to RMB30.067 trillion in 2008. This is the first time since 2003 that China reported less than double-digit growth and is the slowest growth since 2001, when GDP rate was 8.3 percent. China’s exports have been pummeled […]
China Industry Report: Jan. 19
Jan. 19 – This is a regular series of relevant industry news from around China. Solar power China plans to build its largest solar powerhouse connected to the grid in Qinghai’s Qaidam Basin. The construction of the 1 GW project will start in the latter part of 2009. Initially, RMB1 billion will be invested.
