Other Briefings
China Merges Telecoms in the Name of Competition
May 29 – China moved on Tuesday to realign their telecom industry, hoping to promote competition in an industry that has become increasingly monopolized by China’s mobile operators. Under the plan, China’s six state-owned telecom companies will be merged into three. China Mobile, will acquire the fixed-line operator China Tietong Telecommunications Corp, while China Telecom […]
China Establishes Jumbo Jet Company
SHANGHAI, May 12 – China inaugurated its first ever jumbo passenger aircraft company in Shanghai on Sunday. The company, named Commercial Aircraft Corporation of China Ltd (CACC), will be responsible for researching, developing, manufacturing and marketing large passenger aircraft. The aviation industry throughout Asia is expected to expand dramatically in the next 10 years. Currently, […]
Guangdong Plans 1.2 Million Jobs for 2008
May 6 – The provincial government of Guangdong province has unveiled plans of providing 1.2 million jobs for 2008. The plans will also provide wider coverage for migrant workers like social insurance, endowment, medical, unemployment, injury at work, and maternity insurance to name a few. Fifty percent of the target 1.2 million jobs are expected […]
Improving infrastructure keeps Yangtze River Delta vibrant
By Jean-Charles Briand and Anna Sellger April 18 – Perhaps no other region has played so vital a role in China’s growth as the Yangtze River Delta. Home to Shanghai, Jiangsu and Zhejian provinces, the delta has become the country’s commercial core, accounting for roughly 20 percent of GDP and nearly half of all foreign […]
Fuel taxes to be refunded in the second quarter
April 16 – China announced that value-added tax on gasoline and diesel imported by China National Petroleum Corporation (CNPC) and China Petrochemical Corporation (Sinopec) between April 1 and June 30 will qualify for a 17 percent tax refund in the second quarter. The move aims to relieve CNPC and Sinopec’s refining loses and ensures that […]
China’s largest wine importer freed from custody over customs discrepancies
SHANGHAI, April 14 – Don St. Pierre Jr., named the 37th most influential wine person globally, was recently released in Shanghai following a month-long detention and a major investigation of his firm’s wine importation business. St. Pierre was being held as part of an extensive investigation of wine importers by the Chinese authorities looking for […]
Rising fuel prices cause Oasis Airline to shut down
HONG KONG, April 11 – The escalating price of jet fuel has been pinpointed as the main culprit for the collapse of long-haul budget airline Oasis Hong Kong. Another factor that contributed to strained company finances was the decision to buy instead of leasing the aircrafts. According to the International Air Transport Association, in […]
Shanghai’s new terminal opens in Pudong, but where are the passengers?
SHANGHAI, April 10 – The second terminal at Shanghai’s Pudong International Airport opened on March 26, more than doubling capacity for the airport to 60 million passengers and year. Built at a cost of RMB20 billion, the new terminal and third runway, designed to handle the world’s largest aircraft, opens just in time to […]
