Other Briefings
House of cards: the Beijing property market
By Andy Scott Just how sustainable is the property market in Beijing? Rental and sales rates have gone through the roof in the past two years and only look to go higher as the Olympics nears. Land owners have already pushed the average rental rates 10 times more than normal. Don’t expect it to last. […]
Property tax may take effect in 2008
China is expected to levy a property tax in 10 regions on a trial basis next year; the China Securities Journal reported yesterday quoting what it said was a well-informed source. The State Administration of Taxation picked 10 provinces and cities, including Beijing, Shenzhen, Dalian, Jiangsu and Chongqing who may start paying taxes on property […]
Macau to host mega trade show
Macau is taking yet another page from Las Vegas and turning to the lucrative trade show circuit as yet another way of boosting profits in this money-driven metropolis. Having surpassed Las Vegas in gambling revenue last year, Macau is looking to broaden its economic base by keeping tourists in the city for longer periods of […]
China to open fourth bonded port in Hainan
Oct. 12 – The State Council moved ahead with plans for the country’s fourth bonded port in Hainan province Xinhua reported yesterday, yet another of the steps China is taking towards establishing a free trade zone with the Association of Southeast Asia Nations (ASEAN). The Yangpu Bonded Harbor Area in the Yangpu Economic Development Zone, […]
High-speed Shanghai-Beijing train gets green light
SHANGHAI, Oct. 10 – The central government has given the Beijing-Shanghai high-speed railway the green light according to a notice posted on the National Development and Reform Commission’s website Tuesday. With a speed of up to 350 kilometers per hour, the high-speed train would shorten rail travel times between Beijing and Shanghai from the current […]
Dalian High-Tech Industrial Zone shifts into high gear
By Adam Livermore DALIAN, Oct. 8 – Standing on a windswept hill overlooking the coastline of southern Dalian and looking towards the distant port town of Lushun, it is hard to visualize how the rolling rural landscape will look after it is swamped by the planned “silicon peninsula,” at least until you turn around and […]
Should manufacturers move inland to avoid processing trade restrictions?
By Andy Scott SHANGHAI, Sept. 11 – China’s new policy restricting processing trade, which took effect nationwide August 23, will most heavily impact Guangdong province. The booming Chinese economy, which has grown at over 10 percent for the last 15 years, has been largely driven by processing trade factories located in South China and the […]
Manufacturers moving inland from Hangzhou as central province VAT reform kicks in
Textile manufacturers in and around Hangzhou, long one of the region’s pillar industries, are beginning to move their operations inland as China reduces the VAT burden in the central provinces. Beginning July 1, 2007, the Ministry of Finance and the State Administration of Taxation reduced the VAT burden in eight sectors within 26 specified industrial […]
