Other Briefings
China Increases Tax Rebates on Textiles to 13%
Aug. 1 – China increased the tax rebate on textiles and garments from 11 percent to 13 percent today. The tax relief will help textile exporters who have been hurt by slumping demand, higher costs, and the RMB rising value This increased tax rebate is expected to boost exports, most significantly for silk, chemical fiber, […]
The Changing Face of Sourcing in China
July 18 – The made in China label that can be found anywhere from clothing and kitchenware to electronics and medicine, has taken a beating recently, and while product safety remains a concern, China has remained the world’s factory, mainly because there is simply no one else who can do it. Vietnam is simply too […]
Seaplanes to Sail the Skies Again in Hong Kong?
HONG KONG, July 15 – Canadian entrepreneur Michael Agopsowicz has proposed a new seaplane service to the Hong Kong government, the South China Morning Post reports. The route, a Hong Kong-Macau service from Kowloon’s old Kai Tak Airport site to the Pak On Ferry Terminal in Macau, would be the first time since 1961 […]
Hangzhou Science and Tech Park Targets IT, BPO
By Jean-Charles Briand HANGZHOU, July 15 – This is the first part in an ongoing series that will focus on development parks in the Yangtze River Delta. Over the next few weeks, we will highlight several parks, looking at their strengths and weaknesses and future outlook. Today, we look at the Singapore-Hangzhou Science and Technology […]
Shenzhen Home Sales May Slip Further
July 11 – Industry experts are predicting that sales of residential houses in China’s southern city of Shenzhen may slip further to prices found 10 years ago. During the first half of this year, housing prices decreased by 36 percent to an average of RMB11,014 per square meter compared to October’s RMB17,350 per square meter. […]
China’s Textile Industry Slumps Amid Slowing Global Economy
July 10 – China’s textile and garment exports have significantly plunged, resulting in a 3.7 percentage decline in the growth rate from September to May. China Customs attributes the slowdown to the rapidly appreciating RMB, increasing production prices, in addition to an export rebate rate cut and the slowing global economy. Xinhua reported that […]
China Overtakes Japan as World’s Second-largest Oil Importer
June 26 – China overtook Japan as the world’s second-largest crude oil importer in May, importing 16.18 tons of crudel (3.81 million bpd), an increase of 25 percent from a year ago. “It’s a symbol of the era,” Akira Kamiyama told Forbes, derivatives trader at Mitsui & Co. “Japan’s imports will be capped, but China’s […]
China Knocks Rust off Northeast
By Jennifer Wu June 12 – Multi-colored snow art and illuminated ice sculptures greeted visitors from near and far at the Harbin Ice Festival. Held in the capital of Heilongjiang province, the annual festivities bring together everyone from ice sculpture artists and experts to fans and tourists alike. The snow and ice that draws so […]
