Other Briefings
Majority of China’s Richest Live Outside Big Cities
Apr. 17 – Majority of China’s wealthiest people live outside the huge cities of Beijing, Shanghai and Guangdong, according to a study. The Hurun 2009 Wealth Report announced that 825,000 people in China have a reported personal wealth of more than RMB10 million (US$1.47 million) while 51,000 people are worth more than RMB100 million. Fifty-two […]
China to Revise FDI Procedures
Apr. 16 – China will further revise its foreign direct investment (FDI) approval procedures in a bid to make the process efficient and channel more investments to the western and central parts of the country. Despite China’s FDI inflow slowing down for the sixth consecutive month, March figures indicate that the economy may be picking […]
China Industry: Apr. 16
Apr. 16 – This is a regular series of relevant industry news from around China. Air transport Chongqing Airlines, a company jointly owned by China Southern Airlines and Chongqing International Invest Co, received its first of three Airbus A319s at a ceremony held in Hamburg, Germany. The company leases the aircraft from ILFC. The first […]
Rules for Chinese Overseas Investment Relaxed, Guidelines Issued
Apr. 13 – The Ministry of Commerce released its first guidelines for overseas investment by Chinese companies on Friday. The document, encompassing some twenty countries approved by the central government to receive Chinese investment, are part of the ministry’s strategy to assist Chinese companies abroad and come on the heels of last month’s relaxing of […]
China Industry: Apr. 13
Apr. 13 – This is a regular series of relevant industry news from around China. Solar power Solar power technology supplier Canadian Solar has nabbed an order to supply 80,000 solar panels of 1.6 MW in total for rural households in China’s Sichuan province. The micro systems have enough capacity to power several lighting fixtures […]
Whirlpool to Close Shanghai Plant and Move to Zhejiang
SHANGHAI, Apr. 10 – U.S. appliance maker, Whirlpool, is closing its washing machine plant in Shanghai and transferring to the Hisense-Whirlpool Facility in Changxing Economic Development Zone in Zhejiang Province. The move will cut 600 jobs in Shanghai but will create 900 jobs in the Zhejiang production base by the end of the year. Whirlpool […]
China to Standardize Rural Land-Use Transfer Rights
Apr. 8 – China is working out the details of implementing a model contract for rural land-use rights transfer to regularize farmland-use rights. The State Administration for Industry and Commerce said that the model will outline the object, time limit, payment, mode and time of payment of the deal in addition to the date of […]
Zhangjiang High-Tech Park Continues to be Top Draw for FDI
SHANGHAI, Apr. 1 – Zhangjiang High-tech Park located in Pudong New Area still continues to be a top destination for FDI with a recent signing of contracts with local and international companies worth an estimated RMB4 billion. Government officials told Shanghai Daily that the investment is expected to generate more than RMB20 billion in output […]
