Other Briefings
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 […]
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 […]
