Zhejiang New Minimum Wage Standards to be Set in line with GDP Per Capita
Mar. 4 – The Zhejiang Provincial Government has announced that minimum wages in the province are to increase in line with the GDP per capita in each city during the 12th Five-Year Plan. Local authorities should take into account the degree of financial development, cost of living, and the average salary rise in each area […]
An Introduction to Industrial Parks in Zhejiang Province
Large scale industrial parks play a vital role in foreign investments in China. Not only can foreign businesses benefit from the financial incentives offered by the government to invest at these locations, but the parks are often centrally located – making it convenient for employees and clients alike in terms of its daily operations.
Does the ‘Taobao Effect’ Threaten Retailing in China?
Feb. 24 – Our good friends at DDMA, a Shanghai-based market research firm, have released a report revealing that what Chinese people and companies say about products online is the number one influence on one-third of all retail sales in Shanghai – worth a total value of US$34 billion. The influence of online information on […]
2011 Shanghai Consumer Sentiment Report Available
Jan. 31 – DDMA, a market research firm based in Shanghai and Singapore, has just released its updated Consumer Sentiment in Shanghai report, which is compiled by data gleaned from 400 interviews given by Shanghai residents. The purpose of the update is to gauge the impact of changes in economic conditions on consumer’s prospective spending […]
Shanghai Launches Pilot Program Allowing Foreign Private Equity Investment
Jan. 13 – In a statement published on January 12, the Shanghai government announced the launch of a pilot scheme titled the Qualified Foreign Limited Partner program which will allow foreign private equity firms to directly invest in the nation. According to a joint statement issued by the Shanghai Finance Office, the Shanghai Ministry of […]
Jiangsu Province to Raise Minimum Wage Standards
Jan. 10 – Jiangsu Province will lift its minimum wage standards by over 15 percent beginning next month in an effort to offer more support to workers with low income and to ensure an abundant supply of migrant workers for production in the new year. The Jiangsu Department of Human Resources and Social Security (JSHRSS) […]
Complimentary Reports Available from China Briefing
Dec. 24 – Over the past year we’ve released a number of complimentary reports. As its the festive season and we know our readers have been very good this year, we provide a one stop shop to each of them, complete with complimentary downloads just in case you missed them the first time around. They […]
China May Consider Locating the First ‘Free Zone’ in Shanghai
Nov. 30 – Recent research jointly conducted by several key governmental departments indicates that Shanghai may become Mainland China’s first “free zone” on the agenda. A report on China Economics Weekly says that in early November, the National Development and Reform Commission and the Development Research Center of the State Council co-conducted on-the-spot research regarding […]