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    China taxes oil exports by foreign firms

    China will impose a tax on crude oil exports by foreign partners in offshore joint ventures the Ministry of Finance announced yesterday. As reported in China Daily, the tax – a 5 percent tariff on oil exports – will take effect August 1, but existing contracts will be granted a five-year holiday. “The move is aimed at[…..]

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    Vietnam passes China to become most attractive destination for FDI

    Vietnam has exceeded China to become the most attractive destination for investment in production while the United Arab Emirates surpasses India to become an ideal place for investment in services, according new survey of emerging markets by Price Waterhouse Coopers. According to The Sunday Times, the index assesses 20 prominent emerging-market locations on the basis[…..]

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    Hong Kong and mainland to further liberalize CEPA

    On June 29, Hong Kong and Beijing agreed on further liberalize services and economic co-operation under the Mainland and Hong Kong Closer Economic Partnership Arrangement (CEPA) by signing Supplement IV to CEPA. The mainland will introduce a total of 40 liberalization measures covering 28 services areas, including 17 existing CEPA services areas and 11 new[…..]

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    China – India roundup, India Briefing launched

    It’s been a busy week for Dezan Shira & Associates, the firm behind China Briefing, and it’s all to do with India. Last week the practice opened three offices – Delhi, Mumbai and Chennai – specializing in foreign direct investment legal and tax matters into India for international clients, and we here at China Briefing published[…..]

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    Beijing to ban a million cars in clean-air test

    Beijing will take one million cars off the city’s streets for two weeks in August to rehearse traffic control measures for next year’s Olympic Games, organizers of the event have said. Sources with the Beijing organizing committee for the Olympic Games said that city authorities will clear Beijing’s roads between August 7 and 20. They[…..]

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    China policy increasingly important in U.S. presidential campaign

    While many people in the United States are focusing on “made in China” tags and substandard food, China is reaching out to leading U.S. presidential candidates, holding an unpublicized meeting with several of their top foreign policy advisors. Vice Foreign minister Dai Bingguo recently had dinner with advisors to some of the leading presidential candidates including Sen.[…..]

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    Schedules to the BVI Companies Act amended

    The BVI Financial Services Commission announced on Tuesday that the BVI Executive Council has issued an order amending the schedules to the BVI Business Companies Act. This order is important as it paves the way for a number of new initiatives including new simplified provisions for the transitioning of bearer share companies to non-bearer share[…..]

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    China to allow FDI in defense sector

    China will allow foreign investment in its defense sector according to state media Tuesday, as it looks to invigorate a long restricted and dormant sector. Beijing News (via AFP) is reporting that firms producing less-sensitive military equipment and products for broader civil and consumer markets will be allowed to solicit domestic and foreign investors as[…..]

Showing 8 of 4889 articles