China’s Wen Promises RMB Stability to Trade Companies
By Vivian Ni Oct. 19 – During his recent tour to China’s southern province of Guangdong, Chinese Premier Wen Jiabao vowed to offer more support – including a “basically stable RMB exchange rate” – to exporters that have been suffering from the tightening lending environment, local currency appreciation and declining external demand. Making his remarks […]
After Wenzhou Train Wreck, China to Implement Universal Slowdown on High Speed Trains
By Vivian Ni Aug. 11 – China’s Ministry of Railways (MoR) has determined to do something practical this time in the face of lingering public rage against the fatal train collision in Wenzhou on July 23. At a meeting chaired by Premier Wen Jiabao yesterday, central government departments called for a thorough security check on […]
Wen Jiabao’s European Tour Focuses on Greater Cooperation, Business Opportunities
By Vivian Ni Jun. 29 – After his five-day visit to Hungary, the United Kingdom and Germany, Chinese Premier Wen Jiabao wrapped up his tour of Europe yesterday and returned to Beijing this morning. During meetings with his counterparts, Wen stressed greater cooperation with these European countries across various fields, and signed a number of […]
China May Allow Foreign Companies to List in Shanghai this Year
By Vivian Ni Jun. 9 – While China’s plan to launch an “international board” – a separate board on the Shanghai Stock Exchange that will allow overseas companies to float shares in the A-share market – has emerged as a hot issue since 2009, there has never been a clear timeline showing how this historic […]
China Making Improvements in Copyright Protection
By Vivian Ni Mar. 16 – China’s video web sites have made “fundamental” improvements in their use of audiovisual products with authorized copyrights, according to Yan Xiaohong, deputy director of the General Administration of Press and Publication. Now, at least 76 percent of movies shown on the country’s 18 largest video web sites are shown in […]
China’s Headquarters Economy: A New Path towards Industrial Upgradation
By Vivian Ni Mar. 15 – China, the world’s largest production base, is no longer satisfied with lying at the lower levels of global supply chains and holding just the manufacturing arms of MNCs. Instead, the country has begun offering a warmer welcome to foreign-invested enterprises (FIEs) that actually bring their “brains.” Foreign-invested headquarters (HQs) […]
Consumption Trends and Targeting China’s Female Consumers
By Vivian Ni Mar. 8 – Consumer goods retailers and female-oriented service providers across China are competing to launch promotional campaigns and offer discounts today in a bid to attract more female consumption. At the end of this year’s “International Women’s Day,” they hope to harvest profits from the wallets of the country’s increasingly wealthy […]
China to Further Open Auto Insurance Market to Foreign Investors
By Vivian Ni Feb. 20 – China is considering opening its mandatory third party liability automobile insurance (MTPL) market to foreign insurers, hoping experienced Western players will bring better pricing and underwriting practices to the country’s young, fast-growing market. When attending the U.S.–China Strategic and Economic Dialogue Summit in May last year, Chinese Vice Premier […]