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    UNDP Report:China Should Provide Basic Public Services for All Its Citizens

    Nov. 17 – According to the China Human Development Report 2007/08 called “Access for All: Basic Public Services for 1.3 Billion People,” the country should hasten the process of providing basic public services for all its citizens. The report was commissioned by the United Nations Development Programme and researched by the China Institute for Reform[…..]

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    Foreigners in Shanghai Required to Renew Residence Certificates by November 30

    SHANGHAI, Nov. 17 – Shanghai’s exit-entry administration announced that foreign residents will need to renew their residence registration certificates at police stations by November 30. The city is set to issue a new version of the certificate starting October 1. Residence registration certificates are necessary for applying, changing or extending visa and residence permits. Foreign[…..]

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    China’s First Specialist Financial Court Opens in Pudong

    SHANGHAI, Nov. 14 – China’s first court dealing exclusively with financial disputes opened yesterday in the Pudong district of Shanghai. The area is home to a specially created development zone, Lujiazui, which deals exclusively with banks and financial institutions, housing many of the primary global and Chinese players, such as HSBC, Citibank, the Bank of[…..]

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    China Announces Export Tax Cuts

    Nov. 13 – China’s Cabinet announced on its website that it would increase the value-added tax (VAT) refund rate on some products including steel, grain, chemical goods and thousands of other goods as part of its efforts to quicken growth after the release of a multibillion-dollar economic stimulus package. The VAT refund rate increase, effective[…..]

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    Foreign Personal Security Risk Firms to be Allowed in China Next Year

    Nov. 11 – China is expected to open up its risk management industry next year following an anticipated rubber stamping at the Spring 2009 National People’s Congress, permitting the establishment of both local and foreign invested personal security firms that can provide services such as bodyguards, protection, escort and crisis resolution to operate across the[…..]

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    China Releases $586 Billion Economic Stimulus Plan

    Nov. 10 – China has released an economic stimulus plan worth an estimated US$586 billion to stimulate its slowing economy and build new railways, communities, subways and airports in the next two years. The stimulus plan is effective immediately, with US$18 billion already earmarked for the last quarter of the year. The US$586 billion package[…..]

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    Hong Kong Issuance of China Visas Easing

    HONG KONG, Nov. 7 – The issuance of tourist (but not business) visas to mainland China is slowly relaxing following the clampdown imposed just before the Olympics. Currently CITS will issue a maximum of a double-entry visa, priced at just over US$300, valid for six months. The procedure takes a minimum of 48 hours. It[…..]

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    China to Cap Public Sector Spending for 2009

    Nov. 7 – China’s budget for government agency spending will be capped at the same levels in 2009, reports the Ministry of Finance on its website. In the past five years, agency budgets increased by average of 5 percent annually. China’s central government is now working towards cultivating a thrift society. “The budgets for next[…..]

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