Other Briefings
AmCham South China Launches Special Report
GUANGZHOU, Mar. 4 – The American Chamber of Commerce in South China launched its annual, 2009 Special Report on the State of Business in South China, compiled in cooperation with Hewitt Associates and Dezan Shira & Associates. The report provides an overview of the economy of Southern China, its progress and development and the challenges […]
Hong Kong Unveils Stimulus Package
HONG KONG, Feb. 27 – John Tsang, Hong Kong’s financial secretary, issued the territory’s budget for 2009-10 on Wednesday, introducing a raft of measures aimed at protecting Hong Kong from the worst of the economic downturn. The government earmarked HK$1.6 billion for the creation of 62,000 jobs, while taxpayers in Hong Kong will receive a […]
Guangzhou Extends Aid for Migrant Workers
Feb. 27 – Guangzhou City government plans to extend aid to unemployed migrant workers by offering online job interviews and opening a local television channel for job vacancies and training. The capital of Guangdong Province, the city is a top destination for migrant workers. While the government already has a job interview system in place […]
China Industry: Feb. 18
Feb. 18 – This is a regular series of relevant industry news from around China. Solar power Chinese solar cells maker JA Solar Holdings Co. Ltd. said it had extended its existing agreement with BP Alternative Energy Holdings Limited, a subsidiary of BP Plc, to supply monocrystalline and multicrystalline solar cells to BP Solar in […]
Foreign Direct Investment Drops by 32.7 Percent
Feb. 17 – The Ministry of Commerce reported that foreign direct investment declined by 32.7 percent in January to US$7.54 billion year on year. This is the fourth straight month that China reported slowing FDI rates. Last December, the FDI rate was 5.7 percent. Commerce ministry spokesman, Yao Jian attributed the steep decline to the […]
Chinese Ports Upgrade Facilities
Feb. 16 – China’s shipping industry is taking advantage of the government’s RMB4 trillion stimulus plans by upgrading their logistics facilities. Despite the downturn, Chinese ports are improving infrastructure by building more dry hubs, domestic shipping lines in addition to expanding into barge, railway and road transportation. The Shenzhen Yantian Port is building a 500,000 […]
FedEx Moves Asia-Pacific Hub to Guangzhou
Feb. 9 – U.S. logistics giant Federal Express will soon move its Asia-Pacific air trans-shipment hub from the Philippines to China’s Guangzhou City. The company’s Philippine base is located in Subic Bay, a former United States Navy base, 100 kilometers northwest of Manila. Its last shipment of goods, headed for Taiwan, left last Friday. FedEx’s […]
Guangdong to Allot US$4 Billion for Jobless Rural Workers
Feb. 5 – The Guangdong provincial government has announced that it will allot more than RMB30 billion (US$4 billion) to aid jobless rural workers. The measure comes after China recently admitted that there was a huge jump in unemployment rates in the country with an estimated 20 million rural migrants now unemployed. Rural families earn […]
