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    Guidelines on FDI released for 2007

    The Ministry of Commerce (MOFCOM) has issued guidelines on foreign investment for 2007 which state that China will encourage foreigners to invest more in the service sector and high-tech companies this year while restricting overseas investment in real estate projects. According to the guidelines, foreign investment will be channelled into the high-tech, modern service and[…..]

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    Shanghai Port 2nd in world for TEUs through first quarter

    The Shanghai Daily is reporting that Shanghai Port is now the second biggest port in the world for containers. According to the paper, the port handled 5.89 million TEUs in the first quarter of 2007, an increase of 28.1 percent from 2006. It now ranks second behind only Singapore for throughput of containers. The Yangshan Deep-Water Port,[…..]

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    Unused land tapped for future development

    China’s vast “unused” coastal land could be used for development said Sun Wensheng, head of the Ministry of Land and Resources, on a recent survey tour to Shandong and Hebei Provinces. The unused land, areas that are not good for agricultural nor construction purposes, including saline-alkalized land, beaches, sand lands, quagmire and bare rocks, will[…..]

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    Steel exports to rise through 2007

    China will continue to see a steady rise in steel production exports in spite of the governments best efforts to curb exports by canceling export tax rebates on the majority of steel products an industry official at the 2007 China Steel Import & Export Seminar said yesterday in Shanghai. “The tax rebate cut, which has[…..]

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    Proven iron ore reserves 69 billion

    China, the world’s biggest consumer of metals, has proven iron ore reserves of 59 billion metric tons, the Ministry of Land and Resources said in a statement. The iron content of most of the reserves is 30 to 35 percent, and the ore type is mostly magnetite, the ministry said in the statement posted on[…..]

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    SAT releases IIT figures

    Over 1.5 million people filed a 2006 personal income tax return the State Administration of Taxation (SAT) announced yesterday. According to the agency’s figures, 1,628,706 individual income tax returns were filed by April 2, the deadline for filing the required self-declaration for high-income earners. This was the first year China required its high-income earners, those[…..]

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    Guangzhou to inspect over heated real estate market

    The real estate market in Guangzhou is to face closer scrutiny following the launch Monday of a new campaign by municipal authorities. China Daily reported that eleven government departments will aim to expose firms’ tricks and misbehavior relating to property developments, marketing and sales activities. The departments involved include those responsible for the city’s development[…..]

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    Marine sector responsible for 10% of GDP in 2006

    China’s marine sector contributed US$272 billion or 10.01 percent of the country’s gross domestic product (GDP) last year according to a report on the nation’s marine economy in 2006. The report, issued by the State Oceanic Administration (SOA), said that last year’s output value of marine industries – fishing, transport, oil and gas exploitation, tourism[…..]

Showing 8 of 4815 articles