Other Briefings
China’s corporate bankruptcy law comes into effect
China’s corporate bankruptcy law took effect today. The law, which effects both foreign and domestic companies, allows creditors or financial supervision agencies to initiate bankruptcy proceedings against companies whose managements are unwilling to do so. The law should streamline the process for declaring bankruptcy or securing defaulted payments, especially for foreign companies that before fell […]
Event: China and India, getting the dragon and the elephant right and special economic zones
On Tuesday, June 5, China Briefing publisher Chris Devonshire-Ellis will participate in the second China-India event to be held in the Capital Club in Beijing. Details are as follows: China and India: Getting the Dragon and the Elephant right and an outlook on Special Economic Zones Date: Tuesday, June 5, at 6:30 pm Venue: Capital […]
China rebounds as Asian stocks rise to record on Fed’s U.S. predictions
What a difference a day makes. This morning the Asian press was seeing enough blood in the water to make Jaws happy, but with the end of business today, Asia stocks are soaring. China gained back 1.1 percent after losing 6.8 percent yesterday, a slide that wiped out US$161 billion in market value. Bloomberg reports: […]
China’s stocks nosedive as stamp tax increases
“All the King’s horses and all the King’s men, couldn’t put Humpty together again.” The stock bubble has burst! Or has it really? Stocks crashed down from their soaring highs yesterday in Shanghai and Shenzhen, creating a fallout effect across most of Asia after China moved to triple the tax on stock trading. The increase was an effort […]
China sentences former top drug regulator to death
A Beijing court sentenced China’s former top drug regulator, Zheng Xiaoyu, to death on charges of taking 6.49 million yuan in bribes, and dereliction of duty. The sentence follows recent food and drug safety scares in China and abroad, most recently tainted medicine in Panama, pet food in the United States and toothpaste in China. From […]
Shanghai – Hangzhou maglev train shelved
Didn’t we just talk about pork? The maglev train that was to connect Shanghai and Hangzhou appears headed to the dustbin of history. The project has been officially put on hold due to radiation concerns according to Xinhua. “The project has been suspended in line with the arrangements of the municipal government,” said a spokesman with […]
Pork, politics and China
Pork has an illustrious history in government and politics. Long associated with wasteful, politically aimed spending – pork barrel politics – pigs have made their home in the slop of governmental politics. In China, local spending on pet projects tends to get the far more sinister moniker of “graft” or “corruption,” and so swine have been noticeably absent from […]
Mongolia Travel Guide Launched in Ulaanbaatar
ULAANBAATAR, Mongolia, May 28 – Just to prove well rounded tax professionals have other interests, Chris Devonshire-Ellis, senior partner of Dezan Shira & Associates and publisher of China Briefing, launched his “Travel Guide to Ulaan Baatar & The Mongolian Countryside” on Friday at the British Embassy in Ulaanbaatar, with all proceeds from the book launch […]
