Other Briefings
Controls on foreigners’ hydrological acitivities tightened
The State Council has issued a regulation requiring foreigners in China to receive government approval before conducting any hydrological activities in the country. As Xinhua reports, the regulation, which will come into effect on June 1, states that, “Foreign organizations and individuals who engage in hydrological activities in China must obtain approval from the central […]
Lack of due diligence in poisoned medicine
The need for comprehensive due diligence was made painfully clear this weekend when The New York Times ran a report tracing the path of a toxic syrup from Panama where it lead to a reported 365 deaths, 100 which are confirmed, back to its production facility in the Yangtze River Delta. Walt Bogdanich and Jake […]
Guidelines on FDI released for 2007
The Ministry of Commerce (MOFCOM) has issued guidelines on foreign investment for 2007 which state that China will encourage foreigners to invest more in the service sector and high-tech companies this year while restricting overseas investment in real estate projects. According to the guidelines, foreign investment will be channelled into the high-tech, modern service and […]
Shanghai Port 2nd in world for TEUs through first quarter
The Shanghai Daily is reporting that Shanghai Port is now the second biggest port in the world for containers. According to the paper, the port handled 5.89 million TEUs in the first quarter of 2007, an increase of 28.1 percent from 2006. It now ranks second behind only Singapore for throughput of containers. The Yangshan Deep-Water Port, […]
Unused land tapped for future development
China’s vast “unused” coastal land could be used for development said Sun Wensheng, head of the Ministry of Land and Resources, on a recent survey tour to Shandong and Hebei Provinces. The unused land, areas that are not good for agricultural nor construction purposes, including saline-alkalized land, beaches, sand lands, quagmire and bare rocks, will […]
Steel exports to rise through 2007
China will continue to see a steady rise in steel production exports in spite of the governments best efforts to curb exports by canceling export tax rebates on the majority of steel products an industry official at the 2007 China Steel Import & Export Seminar said yesterday in Shanghai. “The tax rebate cut, which has […]
Proven iron ore reserves 69 billion
China, the world’s biggest consumer of metals, has proven iron ore reserves of 59 billion metric tons, the Ministry of Land and Resources said in a statement. The iron content of most of the reserves is 30 to 35 percent, and the ore type is mostly magnetite, the ministry said in the statement posted on […]
SAT releases IIT figures
Over 1.5 million people filed a 2006 personal income tax return the State Administration of Taxation (SAT) announced yesterday. According to the agency’s figures, 1,628,706 individual income tax returns were filed by April 2, the deadline for filing the required self-declaration for high-income earners. This was the first year China required its high-income earners, those […]
