Other Briefings
FDI in second tier cities: investors flock to Chongqing
Several international companies have recently set up shop in Chongqing as more and more foreign investors look to China’s western second tier cities. With the rising costs of land, labor, energy and other inputs to manufacturing making the coastal regions less attractive to companies looking for places to park their factories, the inland second and third […]
China’s iron ore imports soar in first four months of year
Propelled by rapid economic growth, China’s imports of iron ore surged 23.3 percent in the first four months of 2007 from a year earlier, according to the General Administration of Customs (GAC). Iron ore imports rose to 133.6 million tons from 108.3 million tons in the same period last year, the GAC said. It added […]
Property rights tested in Suzhou
The struggle between property owners and developers is an old tale, but one that has become ever more contentious, and exciting to watch, here in China with the recent passage of the controversial property law. While that law is set to come into effect Oct. 1, 2007, there has been no end to interesting stories […]
Beijing limits city construction
The more things change, the more they stay the same. Not in Beijing though, where the coming 2008 Olympics have transformed the city into one large construction zone. Much has been written about the pace of development, the destruction of old hutong neighborhoods and the relocation of hundreds of thousands of people. In an attempt to show they […]
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 […]
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 […]
NDRC: Services should dominate economy
The service sector should play a dominant role in the national economy said Xia Nong, vice director of the National Development and Reform Commission (NDRC) Policy Department at a news conference April 24. The GDP ratio of energy-consuming sectors increased while the service sector, which demands little energy, decreased from 40.7% in 2004, to 39.9% in 2005, and to 39.5% […]
