1. Wu Xiaoling steps down
China appointed two new vice governors of the central bank. The State Council approved the promotions on Dec. 23, the People's Bank of China said in a statement. Wu Xiaoling, 61, formerly the vice governor overseeing monetary policy, step down. This article is a feature on Wu Xiaoling. [www.tom.com, 2008.01.04]
4,059 words - PReSEARCH it now
2. Basic survey results
China's State Bureau of Surveying and Mapping has issued a regulation outlining basic survey and mapping standards. [www.sohu.com, 2008.01.04]
406 words - PReSEARCH it now
3. Shanghai will likely introduce new policies to restrict people without local permanent residence permits from buying homes
Shanghai will likely introduce new policies to restrict people without local permanent residence permits from buying homes in the city, one of the latest government efforts to curb cross-border, speculative property investment. "The initiative, announced last week by the municipal government, will obviously make it harder for speculators from other parts of the country to buy residential properties in Shanghai in the future if they do not have legal residence permits," said Xue Jiangxiong, head of research at Shanghai Youwin Real Estate Information Service Co. "The new policy, when put into practice, will help dampen a considerable amount of investment by people from outside the city." [www.sina.com.cn, 2008.01.04]
640 words - PReSEARCH it now
4. China will establish a "water rights system"
A regulation on water allocation will be put into effect Feb. 1, 2008. Zhou Ying, vice minister of the Ministry of Water Resources, introduces the new regulation. This is the first step in China toward establishing a "water rights system". [www.jrj.com.cn, 2008.01.04]
2,020 words - PReSEARCH it now
5. Land will have "ID cards"
Jan. 3, the Ministry of Land and Resources issues a regulation about land registration. It will be put into effect on Feb. 1, 2008. This regulation means every piece of land in China will have its own "ID card." [www.hexun.com, 2008.01.04]
1,135 words - PReSEARCH it now
6. China Railway Engineering Corp. and China Railway Construction Corp. will be big winners in the Beijing-Shanghai express railway project
The total investment of Beijing-Shanghai express railway is RMB220b. China Railway Engineering Corp. and China Railway Construction Corp. are included in the 15 bidders for this project. The bidding result will be announced on Jan. 5. [www.hexun.com, 2008.01.04]
1,553 words - PReSEARCH it now
7. The Indian Ministry of Steel's proposed 10% to 15% tax on iron ore exports
The Indian Ministry of Steel's proposed 10% to 15% tax on iron ore exports to reserve mineral resources for the development of India's steel industry has prompted Chinese analysts to voice concerns over the impact such taxes would have on domestic steel mills. The Ministry of Steel submitted pre-budget recommendations to the Finance Ministry last week. The proposed duty would be based on current FOB prices, replacing a system of fixing specific rates on every tonne shipped out of the country. [www.163.com, 2008.01.04]
1,065 words - PReSEARCH it now
8. Foreign-funded companies say China's new labor law will cause price increases in the home appliance industry
Starting Jan. 1, China's new labor law is put into effect. Liu Ke, general manager of Siemens Sichuan branch, says this new law has caused rising labor costs. From Jan. 4, his company has increased the prices of its products by 3% to 5%. Bosch has also raised the prices of its products by 8%. [Jiangnan Times, 2008.01.04]
545 words - PReSEARCH it now
9. Local government prepares for oil reserve
Shanghai's first storage facility for refined oil products will be ready in early 2009 to provide a back-up energy supply. The foundation was completed late last year at the Shanghai Chemical Industry Park. The project received a RMB520m. investment from the listed arm of Shanghai's leading retailer Bailian Group. The project will be able to store 200,000 cubic meters of refined oil products, including an emergency reserve of 30,000 tons of diesel - enough to cover a shortage for up to a week. Experts said the move will help offset oil price fluctuations caused by ups and downs on the international market and will benefit companies in Shanghai and other areas in the Yangtze River Delta. [21st Century Business Herald, 2008.01.04]
2,277 words - PReSEARCH it now
|
Links |
- Get the AmCham China Wire with your RSS aggregator