Other Briefings
FDI encouraged in health sector
China’s Minister of Health, Gao Qiang, is encouraging foreign direct investment (FDI) in the health sector according to Xinhua. Foreign investors are being encouraged to open joint venture hospitals in which they can own as much as 70% of the private medical facility. “Foreign invested hospitals will be strictly supervised by the Chinese government but […]
Xinjiang to become China’s top oil producer
The National Development and Reform Commission (NDRC) announced that over the next three years, China’s two top energy giants China National Petroleum Corporation (CNPC) and Sinopec will spare no efforts to double output from the Xinjiang Uygur Autonomous Region to 44 million tons of oil, the People’s Daily reported.
Chinese stocks, red chips and global financial markets
By Andy Scott SHANGHAI, Mar. 6 – Asian stocks are rallying for the first time in five days, stemming a worldwide sell-off that wiped US$1.5 trillion from the value of global shares. The downward trend began last Tuesday when the Shanghai stock market dropped over 9 percent. Other Asian markets began to tumble and by […]
South China regional highlights
Guangzhou and Shenzhen Foreign trading companies registered in free trade zones (FTZs) are, in theory, allowed to expand their business scope to enjoy the rights of import/export and distribution in China now widely conducted through foreign invested commercial enterprises (outside FTZs). In practice, however, we have found that some of the FTZs are not implementing […]
China expanding oil and gas networks
Feb. 27 – China is planning to extend its oil and gas pipelines nearly 63 percent by 2010 to meet rising energy demand, according to the nation’s key pipeline builder. Around 25,000 kilometres of energy pipelines will be added according to Su Shifeng, director of the China Petroleum Pipeline Bureau (CPPLB). China currently has 40,000 […]
China unveils bullet train between Shanghai and Hangzhou
HANGZHOU, Jan. 29 – At 7:15 p.m. on January 28, 2007, the first CRH (China Railway Highspeed) train left Hangzhou with nearly 700 passengers, arriving in Shanghai 90 minutes later. The new bullet trains, or dong he du in Chinese, use multiple engine-powered carriages alongside non-powered units in order to raise travel speeds. Theoretically, the […]
Further delegation of wholesale FICE approvals in Shanghai
SHANGHAI, Jan. 1 – On October 1, 2006, the Shanghai Municipal Government issued a notice delegating authority for approving certain categories of Foreign Invested Commercial Enterprises (FICE) to the district level, in other words, to the level of administration below Shanghai Municipality (there are 18 districts and one county in Shanghai). According to this notice, […]
Dalian Dayaowan Port designated as a bonded port
A bonded port is an area within a conventional port in which goods can be processed and manufactured without being considered imports. Dayaowan Port, located in the Dalian Development Zone, has recently received approval from the State Council to operate as a bonded port. From an operational point of view, this designation will provide the […]
