Other Briefings
China Increases Export Tax Rebates
Jan. 5 – China’s Ministry of Finance announced that it will further increase tax rebates for exports including 533 hi-tech and machinery products beginning this year as its way of aiding the export market that has been hard hit by the global economic slowdown. Businesses exporting industrial robots and airplane navigation systems can now avail […]
China Eastern Stocks Fall after Share Sale is Expanded to RMB7 Billion
Dec. 30 – Shares of China Eastern, the nation’s third-largest carrier, dropped 3.9 percent in Hong Kong trading after expanding a discounted sale of new shares to its parent. According to Bloomberg News, the airline fell to HK$1.24 in this morning, after declining as much as 6.2 percent and gaining as much as 4.7 percent. […]
China’s Steel Industry Posts RMB12.77 Billion Loss in November
Dec. 29 – China’s 71 major steel mills may post a loss of up to RMB12.77 billion in November, China Securities Journal reported. Citing anonymous sources, the newspaper said 48 mills were in the red in November, accounting for over two thirds of the China’s large and medium-sized steel makers. Analysts attributed the loss to […]
China’s Retail Sales to Reach RMB10.8 Trillion
Dec. 24 – China’s retail sales for 2008 are expected to reach RMB10.8 trillion, an increase of about 21 percent year-on-year. According to a report released on Monday by the Ministry of Commerce, sales figures broke the RMB10 trillion mark earlier this month. “Despite the negative impact of the global financial crisis on the domestic […]
China Industry Report: Dec. 22
Dec. 22 – This is a regular series of relevant industry news from around China. Wind power The first phase of the 49,500 kW Mayitasi wind power plant in Xinjiang Uyghur Autonomous Region’s Tacheng Laofengkou began operations on December 16. At its first phase, the RMB400 million plant has the production capacity of 120 million […]
China to Revise Tariff Rates on Selected Products
Dec. 19 – The Ministry of Finance said it would decrease import tariff rates on selected products and increase export tariffs for high energy-consuming and pollution-producing sectors by next year. The new rates should help China lower its trade surplus and help domestic companies decreased costs. The reduced import tariff rates affect more than 670 […]
China Industry Report: Dec. 18
Dec. 18 – This is a regular series of relevant industry news from around China. Wind power A wind power plant funded by Datang International Power Generation Co Ltd. will begin operations by April 2009. The first of the 33 wind turbines in Yellow River Delta Region is ready to commence operations. The RMB660 million […]
AmCham Shanghai Launches 2008 China Business Report
SHANGHAI, Dec. 17 – The American Chamber of Commerce in Shanghai launched their 2008 China Business Report today, based on an online survey answered by 238 U.S.-based companies doing business in the country. The survey, conducted prior to the eruption of the global credit crisis in September and October of this year prior, provides a […]
