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    Doors close on Starbucks’ controversial Forbidden City outlet

    There will be no more Frappaccinos or lattés in the Forbidden City as Starbucks closed down its controversial outlet situated inside the former imperial palace on Friday. The closure brought an end to a seven-year presence that sparked controversy and protests that the image and cultural heritage of the historical site was being trampled on by the[…..]

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    New rules for foreigners buying property in Shenzhen come into effect

    Foreigners are now limited to buying one home for personal use in Shenzhen. The rule, which came into effect Wednesday, states that all non-mainlanders, including overseas nationals, Chinese citizens resident overseas and residents of Hong Kong, Macau and Taiwan, will be allowed to buy property only if they sign a guarantee that the house is[…..]

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    2.6 million join China’s Communist Party

    Workers of the world China unite! Xinhua reported that approximately 2.64 million people joined the Communist Party last year. That is 160,000 more people than the previous year, according to the Organization Department of the CPC Central Committee. To put that into perspective, that figure represents the entire population of the state of Utah in the[…..]

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    Shanghai to open three new metro lines by end of year

    Shanghai will open three new metro lines by the end of the year, extending the total distance of the network to 230 kilometers authorities at the city subway’s construction headquarters announced. Metro Line 6 will run south to north in Pudong, Metro Line 8 links Yangpu District with many downtown stops, and Metro Line 9 links Xuhui[…..]

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    Are blogs destroying serious reading?

    In an op/ed in today’s Shanghai Daily, Wan Lixin laments that serious reading has gone the way of the dodo.  He writes that, according to a recent survey by the Chinese Institute of Publishing Science, the number of Chinese reading books has decreased sharply since 1999. Wan says that it is not only China that has been[…..]

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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[…..]

Showing 8 of 4902 articles