China Sector Watch: Real Estate
This is the first of a regular series that will take an in-depth look at the industries that are shaping Chinese economy today. By Joyce Roque Dec. 17 – In the 30 years since Deng Xiaoping instituted reforms, the concept of investing in real estate remains relatively new. In 1978, Deng led reforms in the […]
China Industry Report: Dec. 9
Dec. 9 – This is a regular series of relevant industry news from around China. Air transport The Civil Aviation Administration of China (CAAC) reported a 4 percent increase in air traffic after five months of decline. The CAAC also reported that for the first three quarters of 2008, Shenzhen Airlines Ltd. suffered a loss […]
Shenzhen Wins UNESCO Design Award
Dec. 8 – Shenzhen has won the UNESCO City of Design award; the first Chinese city ever to be given the recognition. The city was recognized for its dynamic development, history and young population according to a panel of UNESCO experts. It is now part of the global ranks of the Creative Cities Network that […]
China Sets Fixed Rate For Mobile Messages
Dec. 5 – Starting January 15, the fee for mobile short messages will be fixed at RMB0.10 nationwide with all short message packages to be canceled by January 1st, according to the Ministry of Industry and Information Technology. Telecom companies including China Mobile and China Unicom, have been advised to stop offering all packages with […]
China Industry Report: Dec. 5
Dec. 5 – This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic (PV) module maker, Suntech Power Holdings Co. Ltd., said its regular PV cell and module production and shipments were not affected by the accident in its Wuxi module production site that led seven of the company’s […]
China Industry Report: Dec. 2
Dec. 2 – This is a regular series of relevant industry news from around China. Air transport Hainan Airlines Co Ltd.’s Grand China Air will launch flights between Yinchuan, Shijiazhuang and Hefei starting December 10. The Taiwanese government has approved a fourth rate cut for fuel surcharges of 14.3 percent on short- and long-haul lines […]
Beijing Introduces Tax Cut to Spur Home Purchases
BEIJING, Nov. 25 – In an effort to encourage spending and boost the slumping housing market, the Beijing government cut contract taxes on home purchases yesterday. tarting November 24, homebuyers in Beijing will have their contract tax halved if the price is below a certain level. According to China Daily, this would mean that if […]
Economist: China to Increase Individual Income Tax Threshhold
Nov. 24 – China’s leading economist said that the government has decided to increase the individual income tax threshold to spur domestic consumption. Peking University professor Zhou Qiren told China Daily that the aggressive tax-reduction measures at corporate and personal levels aims to stimulate slowing domestic demand caused by the global economic crisis. “As far […]