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
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
Beijing’s new airport opened by President Xi
Beijing – Having taken five years and more than 80 billion yuan (US$11 billion) to complete, Daxing International Airport was declared open in a short announcement by Xi on Wednesday, six days before the October 1 National Day holiday. The … Continue reading Beijing’s new airport opened by President Xi
Taiwan: Reduction of greenhouse gas emissions
Taipeh – Taiwan is striving to reduce greenhouse gases, with related government policies decoupling economic growth from carbon emissions, according to the Cabinet-level Environmental Protection Administration Sept. 23. The latest EPA statistics reveal that Taiwan’s emissions increased on average 0.08 … Continue reading Taiwan: Reduction of greenhouse gas emissions