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International Law

China Briefing Blog China Briefing Blog

Provides news, analysis and commentary on economic, business and regulatory issues in China.
By Andy Scott and Chris Devonshire-Ellis

Post Frequency: 3.4/day

Last Entry: May 25, 2010 at 04:47:32

Recent Entries: 561

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Foreign Direct Investment Drops by 32.7 Percent

Posted on February 17, 2009
Feb. 17 - The Ministry of Commerce reported that foreign direct investment declined by 32.7 percent in January to US$7.54 billion year on year. This is the fourth straight month that China reported slowing FDI rates. Last December, the FDI rate was 5...


Clarification Over RMB Commentary

Posted on February 17, 2009
BEIJING, Feb. 18 - We wish to provide a clarification over the RMB/U.S. dollar position as quoted in conversations with Vice Minister Zhang Xiaoqing and CBRC Chairman Liu Mingkang. Both gentlemen acknowledged that the RMB position against the U.S. dollar was currently felt to be at the correct level, however in terms of a weakening [...


Interview with the China Banking Regulatory Commission

Posted on February 17, 2009
By Chris Devonshire-Ellis BEIJING, Feb. 18 - Liu Mingkang is the chairman of the China Banking Regulatory Commission and the People?s Bank of China, the nation?s central bank. The CBRC is authorized by the State Council to regulate the Chinese banking sector, making Liu one of China’s most visible and important senior government officials...


China Industry: Feb. 18

Posted on February 17, 2009
Feb. 18 - This is a regular series of relevant industry news from around China. Solar power Chinese solar cells maker JA Solar Holdings Co. Ltd. said it had extended its existing agreement with BP Alternative Energy Holdings Limited, a subsidiary of BP Plc, to supply monocrystalline and multicrystalline solar cells to BP Solar in 2009, with [...


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China in Asia: Feb. 16

Posted on February 16, 2009
Feb. 16 - Here is how China has been reported across the region over the past week. Can China and India Compete with U.S. Multinationals? ??East and South Asia are poised to become the long-term power centers of the world,? the director of national intelligence, Admiral Dennis Blair told the U...


Interview with the National Development and Reform Commission

Posted on February 16, 2009
By Chris Devonshire-Ellis BEIJING, Feb. 17 - Zhang Xiaoqiang is the vice chairman of the National Development and Reform Commission, and a board director of the China Investment Corporation. The NDRC is a macroeconomic management agency under the State Council, and has broad administrative and planning control over the Chinese economy...


Companies Now Allowed to Hire Graduates Without Hukou

Posted on February 16, 2009
Feb. 17 - China’s State Council has announced that it will abolish the permanent residency requirement to allow job seekers to move easily between cities and alleviate unemployment. The regulation is applicable to all cities in the country except Beijing, Shanghai, Tianjin and Chongqing...


Chinese Ports Upgrade Facilites

Posted on February 15, 2009
Feb. 16 - China’s shipping industry is taking advantage of the government’s RMB4 trillion stimulus plans by upgrading their logistics facilities. Despite the downturn, Chinese ports are improving infrastructure by building more dry hubs, domestic shipping lines in addition to expanding into barge, railway and road transportation...


Interview with the Ministry of Finance

Posted on February 15, 2009
By Chris Devonshire-Ellis BEIJING, Feb. 16 - Wang Jun is the vice minister of the Ministry of Finance, the General Secretary of China Accounting Standards Committee, and a member of the Standards Advisory Council of International Accounting Standards Board (IASB)...


Karma Trumps Feng Shui in China

Posted on February 13, 2009
Feb. 13 - Every Friday afternoon we feature the best weekly article from China Expat that bridges the gap between China business and culture. We hope you?ll find it interesting and enjoyable. Karma Beats Feng Shui Businessmen from Harbin to Hong Kong spend ungodly sums on feng shui...


China Industry: Feb. 12

Posted on February 12, 2009
Feb. 12 - This is a regular series of relevant industry news from around China. Solar power Chinese photovoltaic giants including Suntech Power, LDK Solar, Trina Solar Ltd. and Canadian Solar Inc. offered the Chinese Ministry of Science and Technology a plan to cut power generation costs to RMB1 per kw/h...


Interview with the Ministry of Commerce

Posted on February 12, 2009
By Chris Devonshire-Ellis BEIJING, Feb. 13 - Jiang Zengwei is the vice minister of Commerce and director-general of the National Intellectual Property Protection Office. His portfolio consists of the Department of Commercial Reform and Development, the National Office for the Rectification and Regulation of Market Economic Order, and the Ministry of Commerce Logistics Bureau...


Interview with the Ministry of Industry and Information Technology

Posted on February 11, 2009
By Chris Devonshire-Ellis Feb. 12 - Miao Wei is the vice-minister for the newly formed Ministry of Industry and Information Technology. Miao spent his career in the automobile industry, working in sales, production and engineering before rising to the leadership of the Dongfeng Automobile Corporation...


New Rules Issued for Layoffs

Posted on February 11, 2009
Feb. 12 - China’s State Council has announced new rules that will require companies to report to local labor authorities one month in advance before implementing layoffs. The move signals the government’s concern on increasing unemployment rates due to the global slowdown...


Downsizing and Liquidating a China Business

Posted on February 10, 2009
Feb. 11 - While the current global economic problems continue to wreak havoc, particularly among businesses in China who are solely export focused, it is prudent for executives facing difficult decisions in China to be aware of their responsibilities when faced with tough decisions...


China to Reconsider Taxes, Subsidies for Oil

Posted on February 10, 2009
Feb. 11 - China could raise the oil-price threshold for firms qualified for windfall taxes, from US$40 a barrel to US$60 along with granting more subsidies to aid the petroleum and chemical industry. In 2008, oil firm CNPC paid a staggering RMB85 billion in windfall taxes or an estimated 62...


Shandong Province to Build RMB150 Billion Railway Network

Posted on February 09, 2009
Feb. 9 - Shandong Province has announced a seven-year plan for a high-speed intra-province railway system of 14 railroads that will connect 17 cities, including Qingdao, Yantai, Jinan, Rizhao, Linyi and Weihai. The railway plan will cost a total 150 billion yuan with 70 percent of the amount to be shouldered by the Ministry of Railways [...


FedEx Moves Asia-Pacific Hub to Guangzhou

Posted on February 09, 2009
Feb. 9 - U.S. logistics giant Federal Express will soon move its Asia-Pacific air trans-shipment hub from the Philippines to China’s Guangzhou City. The company’s Philippine base is located in Subic Bay, a former United States Navy base, 100 kilometers northwest of Manila...


Fire Destroys 5-Star Hotel Near CCTV Tower in Beijing

Posted on February 09, 2009
BEIJING, Feb. 9 - The newly built, and still unoccupied, Mandarin Oriental Hotel on the grounds of Central China Television’s new headquarters has caught fire and been destroyed. The cause of the blaze at the 40-story luxury hotel is unknown - CNN is reporting that there are no injuries...


Feb. 10 - Here is how China has

Posted on February 09, 2009
Feb. 10 - Here is how China has been reported across the region over the past week. China Overtakes U.S. in January Car Sales Boon or bane? China has overtaken the United States in terms of car sales when the country snapped up 790,000 vehicles last January compared to the United State?s 656,976...


January?s Inflation Rate Slows to 1 Percent

Posted on February 09, 2009
Feb. 10 - China?s Statistics Bureau announced that inflation rate for January slowed to 1 percent, the slowest pace in more than two years while producer prices dropped by 3.3 percent. Last year, China’s CPI for December increased by 1.2 percent...


China?s Millionaires of the Past

Posted on February 06, 2009
Feb. 6 - Every Friday afternoon we feature the best weekly article from China Expat that bridges the gap between China business and culture. We hope you?ll find it interesting and enjoyable. China’s Old Time Millionaires Liu Yongxing of Shanghai’s East Hope Group is worth three billion...


China Industry Report: Feb. 6

Posted on February 06, 2009
Feb. 6 - This is a regular series of relevant industry news from around China. Wind power US-based Navajo Wind Energy acquired Chinese wind power company Guangzhou Jianianxiang. Through the acquisition, Navajo plans to boost the expansion of its wind power facilities in the world’s most populous country...


Revision on Technology Import Procedures Announced

Posted on February 05, 2009
Feb. 6 - China’s Ministry of Commerce (MOC) has announced a new revision on the Administration of Technology Prohibited or Restricted from Import Procedures. Under the revised procedures, investigate privileges for import applications will be shifted from the MOC to the provincial and municipal commercial administration departments...


Harbin Preparing to Bid for Winter Olympics

Posted on February 04, 2009
Feb. 4 ? With the Chinese government officially declaring they would not be bidding to host the 2018 or 2022 World Cup soccer finals, attention has now focused on a possible bid for the Winter Olympics in either 2018 or 2022. Li Zhanshu, the provincial governor for Heilongjiang, has stated that this month?s Winter University [...


PLA Troops Enter Beijing 60 Years Ago this Week

Posted on February 04, 2009
BEIJING, Feb. 4 - In this year of important Chinese anniversaries, 60 years ago communist troops from the People?s Liberation Army took control of Beijing following the city?s occupation by Kuomingtang troops during the Chinese civil war. Following negotiations between the surrounded KMT forces and the PLA, KMT general Fu Zuoyi agreed to evacuate the city [...


China in the Light of her Development

Posted on February 04, 2009
Feb. 4 - Chinese Premier Wen Jiabao has been in Europe attending the annual Davos World Economic Forum, as well as visiting with European leaders. The past two days have seen him in London, where a doubling of British exports to China within the next 18 months was agreed upon ? signs that China is [...


Guangdong to Allot US$4 Billion for Jobless Rural Workers

Posted on February 04, 2009
Feb. 5 - The Guangdong provincial government has announced that it will allot more than RMB30 billion (US$4 billion) to aid jobless rural workers. The measure comes after China recently admitted that there was a huge jump in unemployment rates in the country with an estimated 20 million rural migrants now unemployed...


Textile Tax Rebate to Increase 15 Percent

Posted on February 04, 2009
Feb. 5 - China will increase the tax rebate rate for textile and garment exports to 15 percent from the previous from 14 percent in an effort to support the textile industry and help exporters reduce costs. The State Council did not specify when the new tax rebate rate will be applied...


Invitation to Question China?s Ministers

Posted on February 03, 2009
BEIJING, Feb. 3 - Chris Devonshire-Ellis, senior partner of Dezan Shira & Associates, will hold his annual meetings with various Chinese government ministers next week. China Briefing readers are invited to post questions for Chris to ask the ministers on their behalf...


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