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    NDRC urges FDI to go west in six specific industries

    China is encouraging foreign direct investment (FDI) in its western regions in six specific industries: energy and chemicals; finance; mining; production of agricultural by-products, including diary and sugar; manufacturing; hi-tech; and tourism. This is just another part of the continued push by Beijing to move FDI out of the heavily developed coastal areas and into interior of[…..]

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    Chinese shares surge again, prompting talk of bubbles and corrections

    And they’re at it again.  Yesterday saw Shanghai’s benchmark index soar into the 4,000 territory for the first time since the market began trading in 1990.  The Shanghai Composite Index, which tracks yuan-backed A shares and hard-currency-backed B stocks closed at 4,013.09 yesterday, driven by blue chips China Unicom and Bank of China. The index continues[…..]

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    Macau’s land valuation rules to be revamped

    According to the South China Morning Post, the Macau government will revamp its land valuation criteria, based on a public consultation to be launched in June or July, according to new secretary for transport and public works, Lau Si-io. Mr Lau – who replaced disgraced former minister Ao Man-long, who is facing corruption charges –[…..]

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    PetroChina’s discovery could cut China’s oil imports

    PetroChina has announced that crude oil output from the newly discovered oil field in Bohai Bay could reach 10 million tons a year by 2010-about 200,000 barrels a day or nine percent of the nation’s current oil output. This is good news for China which imported a record 3.3 million barrels of crude a day in[…..]

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    May issue of China Briefing out now

    The May issue of China Briefing is out now. In this issue we expound on out recent annual series of meetings with various Chinese ministries and senior officials to try an get a picture of what is happening in terms of economic development in China, the development of the nation and the impact this is[…..]

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    NDRC: Services should dominate economy

    The service sector should play a dominant role in the national economy said Xia Nong, vice director of the National Development and Reform Commission (NDRC) Policy Department at a news conference April 24. The GDP ratio of energy-consuming sectors increased while the service sector, which demands little energy, decreased from 40.7% in 2004, to 39.9% in 2005, and to 39.5%[…..]

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    Controls on foreigners’ hydrological acitivities tightened

    The State Council has issued a regulation requiring foreigners in China to receive government approval before conducting any hydrological activities in the country.  As Xinhua reports, the regulation, which will come into effect on June 1, states that, “Foreign organizations and individuals who engage in hydrological activities in China must obtain approval from the central[…..]

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    Lack of due diligence in poisoned medicine

    The need for comprehensive due diligence was made painfully clear this weekend when The New York Times ran a report tracing the path of a toxic syrup from Panama where it lead to a reported 365 deaths, 100 which are confirmed, back to its production facility in the Yangtze River Delta. Walt Bogdanich and Jake[…..]

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