Other Briefings
China Industry: Apr. 9
Apr. 9 – This is a regular series of relevant industry news from around China. Wind power Danish wind turbine maker Vestas Wind Systems A/S retained the number one spot in BTM Consult’s Wind Market Update 2009 report as Chinese manufacturers sneaked into the top five. Vestas captured 12.5 percent of the global market, while […]
Shanghai to Raise Minimum Wage Levels and Social Benefits from April 1
SHANGHAI, Mar. 31 – The Shanghai municipal government is raising monthly minimum wage levels from RMB960 to RMB1,120 effective from April 1, 2010. The Shanghai Municipal Human Resources and Social Security Bureau released a circular on March 28 adjusting the minimum wage standards in the city while also stipulating that social security fees, housing funds, […]
Shanghai Expo 2010: The Nordic Lighthouse Project
The 2010 World Exposition in Shanghai will be the first registered one in a developing country. Officially known as “Expo Shanghai 2010,” it will last 184 days and provide China an opportunity to show off its remarkable economic growth. The expo will also give foreign nations and companies a chance to further develop business partnerships […]
Terminal 2 Opens at Shanghai’s Hongqiao Airport
By Joe Drury Mar. 19 – Shanghai’s Hongqiao Airport opened the doors of a new terminal on March 16, two months before 70 million mostly Chinese visitors will begin flocking to the city for the 2010 Expo. The five-year US$2.2 billion Hongqiao Airport Expansion Project created a new 3,300 meter-long runway along with the terminal […]
Social Insurance and Other SME Policy Changes Introduced in Wuxi
Mar. 19 –In order to alleviate the impact of the financial crisis on employment, the state government in Wuxi has introduced new measures to reduce the burden on enterprises and stabilize the employment situation. The policies plan to achieve the following. Extend social insurance policies and alleviate the social security burden on enterprises Continue social […]
China to Raise Minimum Wage Levels
BEIJING, Jan. 29 – Local governments will raise minimum wage levels as soon as next month from 10 to 12 percent given the recovering economy and rising inflation. Beginning next month, Jiangsu Province will increase minimum wage levels from RMB850 to RMB960, the same level Shanghai and Hangzhou. Beijing will soon follow suit with a […]
New China Briefing Books Out Now
Jan. 22 – China Briefing just released two new titles on doing business in the country; expanding the Asia Briefing roster of invaluable resources for both the new and experienced foreign investor. Human Resources in China Due to the rapidly changing nature of the labor market and the laws that govern it in China, it […]
Developers Required to Register Idle Land by March 22
SHANGHAI, Jan. 21 – The Shanghai Urban Planning, Land and Resources Administration Bureau is requiring real estate developers to register all idle land by March 22. Delayed construction projects or land left idle a year after purchase must be registered as well as approved development projects still pending construction. Real estate companies that do not […]
