Other Briefings
Macau’s land valuation rules to be revamped
According to the South China Morning Post, the Macau government will revamp its land valuation criteria, based on a public consultation to be launched in June or July, according to new secretary for transport and public works, Lau Si-io. Mr Lau – who replaced disgraced former minister Ao Man-long, who is facing corruption charges – […]
PetroChina’s discovery could cut China’s oil imports
PetroChina has announced that crude oil output from the newly discovered oil field in Bohai Bay could reach 10 million tons a year by 2010-about 200,000 barrels a day or nine percent of the nation’s current oil output. This is good news for China which imported a record 3.3 million barrels of crude a day in […]
May issue of China Briefing out now
The May issue of China Briefing is out now. In this issue we expound on out recent annual series of meetings with various Chinese ministries and senior officials to try an get a picture of what is happening in terms of economic development in China, the development of the nation and the impact this is […]
NDRC: Services should dominate economy
The service sector should play a dominant role in the national economy said Xia Nong, vice director of the National Development and Reform Commission (NDRC) Policy Department at a news conference April 24. The GDP ratio of energy-consuming sectors increased while the service sector, which demands little energy, decreased from 40.7% in 2004, to 39.9% in 2005, and to 39.5% […]
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, […]
