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China cuts individual income tax on bank savings

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China’s State Council has announced that individual income tax on bank savings will be cut from 20 percent to 5 percent starting August 15, 2007. Income tax was leveled on personal bank savings on Nov. 1, 1999 as a means of encouraging consumption and investment, adjusting personal income and increasing national revenue. This reduction is an attempt […]

China announces new restrictions on processing trade

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China announced a new policy on Monday seeking to curb the growth of processing trade in labor-intensive sectors, Beijing’s latest attempt to reduce the country’s soaring trade surplus. Set to take effect August 23, 2007, the new regulations will restrict processing trade of 1,853 products in plastics, furniture and textiles and other labor-intensive industries. According to a […]

Tianjin port expands to accommodate 30 percent year-on-year growth

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The Tianjin Bonded Zone is seeing a lot of construction these days as the port is dredged and streets leading to the zone are dug up to lay cables and pipelines for telephone, electric and gas facilities to feed the new logistic parks under construction. By the end of 2007, according to an article in […]

Conservation efforts look to turn China’s Grand Canal into World Heritage site

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The Grand Canal, a 1,800 kilometer-long waterway stretching from Beijing in the north to Hangzhou in the south linking six of China’s river systems – the Yellow, the Huai, the Qiantang, the Wei, the Hai and the Yangtze – is seeing a revival of conservation efforts following the establishment of a national organization to protect the world’s oldest canal […]

Subverting Chinalyst – how not to win friends and influence people

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Commentary: Chris Devonshire-Ellis  This month at Chinalyst, as can be seen from the “2007 China Blog Awards” banner to the right of this screen, a competition has been held in which people can vote for their favorite China blogs. It’s a good idea, and one that is overdue. These things take a bit of organising, […]

Potential for withholding tax on repatriation of dividends?

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By Chris Devonshire-Ellis  July 24 – A question has been raised concerning an omission that has occurred within China’s new corporate income tax (CIT) law which could mean withholding taxes being levied on the repatriation of after-tax profits for overseas businesses with foreign invested enterprises in China. Not yet commented on elsewhere, (eagle eyed Dezan Shira & […]

China’s African Odyssey

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By Andy Scott Part One: The Oilmen Cometh I couldn’t help asking him once what he meant by coming there at all. “To make money, of course. What do you think?” he said, scornfully. Joseph Conrad, Heart of Darkness. Foreign governments have been attracted to Africa for more than two centuries, greedily pursuing the continents’ […]

Has China’s economic development hit a glass ceiling?

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Commentary: Lack of stock market transparency, the one-party state and why Chinese companies are struggling overseas By Chris Devonshire-Ellis On the face of it, much in China over the past 20 years has appeared to be a pretty incredible success story. Other developing nations, from India to South America, Africa and elsewhere in Asia have all […]

Showing 8 of 6195 articles
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