Other Briefings
Hong Kong’s New Arbitration Law Improves China Dispute Resolution
Aug. 23 – Hong Kong has recently introduced a new aspect to its well-regarded arbitration laws, and has enacted the new Arbitration Ordinance, which came into effect on June 1, 2011. This legislation, based on the widely-used United Nations Commission on International Trade Law (UNCITRAL, or the Model Law), further underlines Hong Kong’s pro-arbitration stance […]
Will Kim’s Russia Visit Help Develop China’s Northeast?
Op-Ed Commentary: Chris Devonshire-Ellis Aug. 22 – With the North Korean leader Kim Jong-il on his first visit to Russia in nine years, questions can be asked about how much this means for the redevelopment of much of the Northeast Asia seaboard, including that of Northeast China. For Kim – who also visited Beijing and […]
Tax Policy Clarification Released for China’s Western Region
On July 27, China’s National Bureau of Statistics, the Ministry of Finance, and the General Administration of Customs jointly published the “Circular on Issues Concerning Tax Policies for In-depth Implementation of Western Development Strategy (Caishui [2011] No.58, “Circular”),” effective from January 1, 2011.
Pearl River Delta’s Hengqin Island to Enjoy Free Trade Zone Treatment
By Vivian Ni Aug. 5 – Hengqin, the largest island in South China’s Zhuhai Special Economic Zone, is going to become a free trade zone modeled on Hong Kong. A report by Shanghai Securities News says Beijing has agreed to offer the area policies even more “special” than those given to special economic zones and […]
Fujian’s Entertainment Industry to Enjoy Lower Business Tax Rates
A majority of Fujian Province’s entertainment enterprises will be paying a lower amount of business tax starting from this month, thanks to a newly released provincial document that made adjustments to business tax rates for the region’s entertainment industry.
Citizens Question Rail Safety after Train Wreck in Wenzhou, China
By Julia Gu Jul. 25 – A rail accident has left at least 43 dead and more than 200 injured after two high-speed trains collided at approximately 8:27 p.m. on Saturday near the eastern Chinese city of Wenzhou in Zhejiang Province. The accident has intensified concern and criticism of the country’s powerful Ministry of Railways, […]
Shenzhen Announces Public Holidays for Universiade
Jul. 25 – The Shenzhen government has issued public holiday arrangements for the 26th Summer Universiade (August 12-23, 2011), which applies to all governmental departments and institutions, schools and non-government organizations in Shenzhen. Other enterprises and groups can make relevant arrangements at their discretion. The seven-day holiday is broken down into two parts, four days […]
China Chamber Warns Beijing of Mass Bankruptcies
Jul. 22 – The All China Federation of Industry and Commerce, the official chamber for non-state-owned enterprises in China, has urged the central government to take action concerning what it regards as a serious likelihood of major bankruptcies among small to medium-sized businesses in China. In a strongly worded warning, the chamber said that 7.5 […]
