Other Briefings
China’s iron ore imports soar in first four months of year
Propelled by rapid economic growth, China’s imports of iron ore surged 23.3 percent in the first four months of 2007 from a year earlier, according to the General Administration of Customs (GAC). Iron ore imports rose to 133.6 million tons from 108.3 million tons in the same period last year, the GAC said. It added […]
Property rights tested in Suzhou
The struggle between property owners and developers is an old tale, but one that has become ever more contentious, and exciting to watch, here in China with the recent passage of the controversial property law. While that law is set to come into effect Oct. 1, 2007, there has been no end to interesting stories […]
Beijing limits city construction
The more things change, the more they stay the same. Not in Beijing though, where the coming 2008 Olympics have transformed the city into one large construction zone. Much has been written about the pace of development, the destruction of old hutong neighborhoods and the relocation of hundreds of thousands of people. In an attempt to show they […]
Jilin province improves rail infrastructure
Construction work on the first intercity express rail link in Northeast China’s Jilin province kicked off Sunday, May 13. The 8.6 billion yuan (US$ 112 million) project will link the provincial capital of Changchun with Jilin City, the province’s second largest cities. Work is scheduled to be finished at the end of 2010. China Daily […]
China could face low-cost labor shortage by 2010
The supply of low-cost labor, widely considered to be fueling China’s sizzling economy, could start drying up as early as 2010, reports Xinhua. An Academy of Social Sciences report, issued Thursday May 10, states that one of the biggest reasons for the potential shortage is that the rural labor force may not be as large as previously thought. “China is […]
No change for foreign property investment laws in Shanghai
Shanghai is not loosening rules on foreign investors buying property according to officials at the Shanghai municipal housing land & resources administration bureau. Rumors had been swirling after the bureau posted a notice that said foreign nationals, legal representatives and other organizations are qualified to participate in land bids. The local media jumped on this and began reporting […]
NDRC urges FDI to go west in six specific industries
China is encouraging foreign direct investment (FDI) in its western regions in six specific industries: energy and chemicals; finance; mining; production of agricultural by-products, including diary and sugar; manufacturing; hi-tech; and tourism. This is just another part of the continued push by Beijing to move FDI out of the heavily developed coastal areas and into interior of […]
Chinese shares surge again, prompting talk of bubbles and corrections
And they’re at it again. Yesterday saw Shanghai’s benchmark index soar into the 4,000 territory for the first time since the market began trading in 1990. The Shanghai Composite Index, which tracks yuan-backed A shares and hard-currency-backed B stocks closed at 4,013.09 yesterday, driven by blue chips China Unicom and Bank of China. The index continues […]
