Other Briefings
China Briefing Celebrates 10 Year Anniversary
SHANGHAI, Jul. 16 – China Briefing celebrated a decade of publishing at Kathleen’s 5 last night in the company of long-time subscribers, diplomats, clients and friends. More than 250 guests gathered until late to wish the magazine a happy tenth birthday while enjoying wine, canapés and entertainment provided by OmBraMaiFu. China Briefing is produced by […]
Shenzhen Releases New Recognition Measures for High-Tech Enterprises
SHENZHEN, Jul. 10 – The Shenzhen government released the Administrative Measures of Shenzhen for the Recognition of High and New Technology Enterprises earlier this month, laying out two sets of rules regarding the recognition of high-tech enterprises in the city. The measures listed the industries which qualify for high and new technology enterprise status, including […]
Fiat Signs JV Deal with Guangzhou Auto
Jul. 7 – The leading Italian carmaker, Fiat, has signed a joint venture agreement with the Guangzhou Automobile Group to build a factory in Changsha, Hunan Province. The 700,000 square meter factory is expected to produce 250,000 cars and 300,000 engines annually when it reaches maximum capacity. It will focus on making economy cars for […]
First Cross-Border Yuan Trade Settlement Deal Made
Jul. 6 – The first cross-border yuan trade settlement deal came through today from the Bank of China (BOC), Hong Kong to Bank of China, Shanghai reports Xinhua. The deal is part of a pilot program announced by Beijing last April to ease cross-border trade deals for Chinese importers and exporters in southern Guangzhou, Shenzhen, […]
Hong Kong, Mainland Businesses to Use Yuan for Trade Settlement
Jun. 30 – Hong Kong businesses will soon be able to settle international trade in yuan with companies in Guangzhou, Shenzhen, Shanghai, Dongguan and Zhuhai starting next month. The agreement was formalized last Monday by Hong Kong Monetary Authority Chief Executive Joseph Yam and the People’s Bank of China Governor Zhou Xiaochuan. During the press […]
China Industry: Jun. 11
Jun. 11 – This is a regular series of relevant industry news from around China. Solar power Shi Lishan, vice director of the National Energy Administration’s Renewable Energy Department, said that the country will implement a tariff of RMB1.09 per kWh for solar power in a bid to make this type of renewable energy more […]
Shenzhen Releases New Procedures for Working Permit Application
SHENZHEN, Jun. 9 – Last April 17, Shenzhen Social Security Bureau came out with simplified procedures for working permit applications for foreigners. The changes from the previous 2005 regulations are as follows: a.) the position of the foreigner shall fulfill the special needs of the company, and that there is currently no such candidate in […]
China Industry: June 2
Jun. 2 – This is a regular series of relevant industry news from around China. Air transport Hainan Airlines booked a loss of RMB1.4 billion for 2008. The company blamed the loss on the high oil prices and decreased demand. Separately, the company also received government aid worth RMB3 billion from the local Hainan Provincial […]
