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
China-U.S. Trade War effects Tourist industry
Beijing – The Sino-US trade war and a weaker yuan have put a damper on outbound travel from China, as Chinese travelers turn towards domestic travel or more value-for-money destinations in South-east Asia. Guangdong Qiyouji International Travel Service’s marketing and … Continue reading China-U.S. Trade War effects Tourist industry
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
Nio tumbles to record low after sales disappoint
Shanghai/New York – U.S.-listed shares of Tesla rival Nio Inc (NIO.N) tumbled 25% after the Chinese electric carmaker posted a drop in quarterly vehicle sales, blaming a cut in subsidies and weak demand. China has been steadily rolling back subsidies … Continue reading Nio tumbles to record low after sales disappoint