China plans to restrict visas for U.S. citizen
Singapore – China is planning tighter visa restrictions for U.S. nationals with ties to anti-China groups, people with knowledge of the proposed curbs said, following similar U.S. restrictions on Chinese nationals, as relations between the countries sour. China’s Ministry of … Continue reading China plans to restrict visas for U.S. citizen
Sumitomo to build ‘smart city’ in Vietnam
Hanoi – A ceremony to launch a project to build a next-generation “smart city” was held in the Vietnamese capital of Hanoi last Sunday. A Japanese trading firm, Sumitomo Corporation, and a Vietnamese real estate company are the main investors … Continue reading Sumitomo to build ‘smart city’ in Vietnam
Germany wishes peaceful Hong Kong resolution
Wuhan – German Chancellor Angela Merkel renewed calls for a peaceful solution to unrest in Hong Kong on Saturday during her trip to China. The Hong Kong protests have overshadowed a three-day visit Merkel had planned to use to press … Continue reading Germany wishes peaceful Hong Kong resolution
USA: Delisting Chinese firms ‘not on the table’
Washington – U.S. President Donald Trump’s chief economic adviser on Monday said the administration had begun studying U.S. investor protections in China, but that delisting Chinese companies traded on U.S. exchanges “is not on the table.” “The delisting is not … Continue reading USA: Delisting Chinese firms ‘not on the table’
China: Samsung to shut down last smartphone plant
Seoul – Samsung Electronics will shut down its last remaining mobile phone factory in China at the end of this month, marking the South Korean manufacturer’s exit from the increasingly competitive Chinese market. (Nikkei)
China: Large gas field discovered in Xinjiang
Beijing – The Tarim oilfield branch of PetroChina, China’s largest oil and gas producer, confirmed on Thursday that they discovered a huge gas field with an estimated reserve of 115.3 billion cubic meters in Xinjiang’s Tarim Basin. Tian Jun, vice … Continue reading China: Large gas field discovered in Xinjiang
Shanghai: Regulation for Foreign Investment Law
Shanghai – On September 18, Shanghai’s municipal government issued Opinions on the Further Promotion of Foreign Investment in Shanghai, which makes it the first regional jurisdiction to roll-out an implementation regulation for the national Foreign Investment Law. Other jurisdictions are expected to follow … Continue reading Shanghai: Regulation for Foreign Investment Law
Japan raises consumption tax rate to 10 percent
Tokyo — Japan hiked its consumption tax rate to 10% on Tuesday to help cover the growing cost of supporting the country’s aging population. Although the hike adds 4.6 trillion yen to the government’s annual revenue, the additional burden on consumers will test the foundations … Continue reading Japan raises consumption tax rate to 10 percent
Beijing: Xi Jinping celebrates National Day
Beijing – China staged a massive military parade in Beijing on Tuesday to mark the 70th anniversary of the founding of the People’s Republic, with much of the smog-shrouded capital city under a security lockdown. President Xi Jinping inspected over 15,000 … Continue reading Beijing: Xi Jinping celebrates National Day
Taiwan firm against calls for unification
Taipei – Taiwan has firmly rejected Chinese President Xi Jinping’s call for cross-strait unification under the “one country, two systems” model, saying the proposal was unacceptable on the self-ruled island. In a statement issued on Tuesday in response to Xi’s National … Continue reading Taiwan firm against calls for unification