Other Briefings
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 […]
Canton Fair revises registration regulations for foreigners
GUANGZHOU, April 14 – According to the China Import and Export website, registration regulations for foreigners to attend the 103rd session of the annual Canton Fair have been revised. In order for foreigners to register, a new five step process has been implemented in the attempt to make the Canton Fair a safe trading environment […]
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 […]
South China factories on the move – relocation has begun
Fujian, Zhejiang and Northern Vietnam main new destinations for low end sourcing / manufacturing SHENZHEN, April 11 – South China, long the country’s epicenter of low-end manufacturing and sourcing, is seeing a massive slowdown in new investment as companies look to move further inland and elsewhere. Dezan Shira & Associates, which has maintained offices in […]
Greater Mekong Subregion summit concludes in Laos, China pledges millions in aid to region
By Andy Scott Mar. 31 – The third meeting of the Greater Mekong Subregion (GMS) opened in Vientiane, Laos on Sunday, bringing together the prime ministers of Cambodia, China, Laos, Myanmar, Thailand and Vietnam. The ministers are meeting to discuss ways to deepen economic cooperation between their countries. They will also focus on poverty reduction, […]
Hong Kong eliminates duties on alcohol
HONG KONG, Feb. 27 – Hong Kong eliminated the duty on imported wines today, creating cheer amongst much of the population relishing a return to the past as an Asian wine lover’s paradise. In his annual budget speech, Financial Secretary John Tsang announced that the duty on alcohol would be eliminated, the cuts to […]
Hong Kong ’08 budget proposes HK$75 billion in relief measures
HONG KONG, Feb. 27 – In his annual budget speech, Financial Secretary John Tsang announced a host of changes amounting to HK$75 billion tax reductions. While legislative amendments are required for implementing each of the relief measures proposed in the budget, the changes should provide a boost to the territory’s economy. Here’s a look at […]
Power Chaos As More Snow Hits Central, Eastern & Southern China
Chinese New Year passenger travel discouraged in favor of energy supplies – more heavy snowfalls forecast February 4th – China continues to have problems with its worst winter weather for 50 years as further heavy snow hit already stressed cities and towns in much of the country. With the military already deployed and tanks on […]
