15 October 2018

Greater China

  • Fresh policy initiatives for Shanghai FTZ, govt says

    Oct 24, 2013 11:55am
    The Ministry of Finance, the General Administration of Customs and the State Administration of Taxation announced in a circular Thursday a series of favorable policies for the Shanghai Free Trade Zone (FTZ), the government web portal...
  • Hengqin slow in implementing economic zone policies, paper says

    Oct 24, 2013 11:18am
    Hengqin, a special economic zone of Zhuhai city in the southern Guangdong province, has been slow in rolling out guidelines for companies in Macau to invest in the area, the Macao Daily News reported Thursday, citing remarks...
  • Urban residents lag rural dwellers in leisure time, paper says

    Oct 24, 2013 10:26am
    Residents of China’s urban areas do not get enough leisure time and have less time off than people in rural areas and the United States and Europe, China National Radio reported Wednesday, citing the China Tourism...
  • Journalist assn concerned over reporter’s detention, paper says

    Oct 24, 2013 9:22am
    The All-China Journalists’ Association is paying close attention to the issue of detention of a reporter of New Express newspaper in Guangzhou by the Changsha police, and has contacted the security authorities to ensure the reporter’s...
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    The Big Picture: HOUSING MATTERS

    - Oct 24, 2013 8:51am
    Increased supply of the so-called public housing and extension of property tax to more cities would probably be on top of Chinese leaders’ minds as they seek to contain a rebound in home prices. Beijing’s housing...
  • Xi calls on unions to protect workers’ rights, Xinhua says

    Oct 24, 2013 8:21am
    President Xi Jinping called on labor unions to serve and safeguard employees’ rights, while stressing the leadership of the Communist Party over the labor unions, Xinhua reported Wednesday. “Trade unions should protect workers’ interests and promote social...
  • China business sentiment rebounds, paper says

    Oct 24, 2013 7:45am
    Mainland business sentiment rebounded in October and returned to stable growth as more new orders strengthened production, Shanghai Daily reported Wednesday, citing a Market News International report. The monthly MNI China Business Indicator rose to 55.3 in October...
  • Chongqing to offer 72-hour visa-free stays, Xinhua says

    Oct 24, 2013 7:39am
    Chongqing will launch 72-hour visa-free stays for travelers from 45 countries, becoming the fifth mainland city to do so, Xinhua reported Wednesday. Chongqing’s Jiangbei International Airport will apply the visa-free policy to passengers from countries including the...
  • POLICY WATCH: Transparency seen in a new light

    - Oct 24, 2013 6:59am
    China’s army of bureaucrats has just received its latest marching orders: No more beating around the bush. In an Oct. 15 circular, the State Council, China’s cabinet, told them to be upfront, prompt and cordial when...
  • Glaxo Chinese sales plummet, WSJ says

    Oct 24, 2013 6:38am
    GlaxoSmithKline Plc. saw its pharmaceutical and vaccine sales in China fall 61 percent in the third quarter after a high-profile bribery investigation hurt its business, the Wall Street Journal reported Wednesday. China accounts for just 4 percent...
  • Courier staff suspected of massive data theft, paper says

    Oct 23, 2013 2:42pm
    YTO Express, a leading express delivery firm in Shanghai, has launched an investigation into some of its staff suspected of selling personal information on customers to online traders, Shanghai Daily reported Wednesday. The information is reportedly used...
  • Taiwan to ease FTZ rules on mainland imports, paper says

    Oct 23, 2013 11:08am
    Taiwan is set to allow the entry of 2,121 restricted mainland products, including tea leaves, garlic and screws, into its free trade zones for processing, repair, testing and storage, Commercial Times reported Wednesday, citing draft rules...
  • Sichuan unveils investment plan worth 4.26 trln yuan, paper says

    Oct 23, 2013 10:27am
    The Sichuan provincial government has announced a large-scale investment plan spanning 2013 and 2014, covering areas such as infrastructure facilities, key industries, ecological construction and several other green projects totaling 4.26 trillion yuan (US$700 billion), the...
  • China government debt manageable, yicai says

    Oct 23, 2013 9:30am
    Premier Li Keqiang {李克強} said China’s government debt is at a safe and manageable level, news website reported Tuesday. However, Li said Beijing should strengthen audit and oversight of local government debt to mitigate risk to the...
  • September funds outstanding for forex hit record, paper says

    Oct 23, 2013 9:20am
    China added 126.36 billion yuan (US$20.58 billion) of funds outstanding for foreign exchange, a record high this year, suggesting increased capital inflows, People’s Daily reported Wednesday, citing central bank data. It was the second straight month...
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    The Big Picture: SINGAPORE PACT

    - Oct 23, 2013 8:51am
    Just a week after China inked a similar deal with London, Asia’s biggest economy has accelerated its efforts to enhance the role of the Chinese currency in global trade and investment by introducing direct currency trading...
  • Hefei files bonded area application, paper says

    Oct 23, 2013 8:19am
    Hefei, capital of eastern China’s Anhui province, has submitted an application to establish a bonded area, National Business Daily reported Wednesday, citing a local government official. If approved, the bonded area will be eventually developed into a...
  • Finding the sweet spot in rural land reform

    Oct 23, 2013 8:17am
    The shares of some listed companies with huge rural land banks have come to life with widespread speculation that Communist Party leaders will unveil a breakthrough in collective land transfers next month at the Central Committee’s...
  • China trims US debt to US$1.27 tln, Sina says

    Oct 23, 2013 8:15am
    China slashed its holding of United States debt to US$1.27 trillion as of the end of August, down US$11.2 billion from July, news portal reported Tuesday, citing figures from the US Department of Finance. China...
  • More firms allowed to issue super short-term debt, paper says

    Oct 23, 2013 7:42am
    Local government-controlled companies rated AAA will be allowed to issue super short-term commercial paper (SCP) on the interbank market, 21st Century Business Herald reported Wednesday, citing a source close to the National Association of Financial Market Institutional...

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