Archive for March, 2010
China’s Suning Inks CNY10 Billion Sales Plan With Samsung
March 31st, 2010 | 
Author: Chinese home appliances retailer Suning Appliance and South Korean electronics maker Samsung have signed a new sales plan with a total value of CNY10 billion, in Nanjing the capital of Jiangsu province.
This is reported to be the largest sales plan signed by the two parties, with an increase of 70% compared with their CNY5.88 billion [...]
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New Issue of China Briefing Magazine: RO vs. FICE
Mar. 31 – In this new issue of China Briefing, we take a look at the difference between the representative office and the foreign-invested commercial enterprise.
The representative office has long been the vehicle that foreign investors have used to get their feet wet in China, acting as a bridge to a company from its home [...]
Shanghai to Raise Minimum Wage Levels and Social Benefits from April 1
SHANGHAI, Mar. 31 – The Shanghai municipal government is raising monthly minimum wage levels from RMB960 to RMB1,120 effective from April 1, 2010.
The Shanghai Municipal Human Resources and Social Security Bureau released a circular on March 28 adjusting the minimum wage standards in the city while also stipulating that social security fees, housing funds, overtime [...]
Chinese Rule of Law Rests on Protecting the Authority of the State
Op/Ed Commentary: Chris Devonshire-Ellis
Mar. 31 – With news that melamine milk parental activist Zhao Lianhai is facing trial in Beijing on charges of “provoking quarrels and making trouble,” observers must look beyond the rhetoric when it comes to matters of Chinese rule of law to understand the implications. Zhao, who was arrested several months ago, [...]
Tax Exemptions for Foreign-Funded R&D Centers in China
Mar. 30 – China’s Ministry of Commerce, Ministry of Finance, General Administration of Customs and State Administration of Taxation jointly issued a circular on March 22 clarifying tax exemptions and refunds for foreign-invested research centers purchasing equipment in China.
The circular defines the relevant items related to import duty exemptions for foreign-invested research centers [...]
Tiered house tax rates considered: finance minister
(ChinaPost.com.tw) – The central and local governments have made progress in devising a system that will tax houses at different rates based on a house’s value instead of using a flat rate as is the case at present, Minister of Finance Lee Sush-der said Wednesday.
Financial shares down as financial services left out of ECFA talks
(ChinaPost.com.tw) – Financial shares lost more ground than any other share category on the Taiwan stock exchange Wednesday, after it was announced that financial services would not be included in talks on a proposed trade pact with China that began the same day.
China urged to substantiate goodwill as ECFA talks open
(ChinaPost.com.tw) – China should substantiate its goodwill toward Taiwan in negotiations on a wide-reaching bilateral trade agreement, Taiwan’s chief negotiator urged Wednesday at the opening of a second round of talks on the pact.
Geely to invest hundreds of millions more in Volvo
(ChinaPost.com.tw) – Chinese automaker Zhejiang Geely Holding Group expects to spend hundreds of millions of dollars beyond the US$1.8 billion purchase price for Volvo Cars to make the Swedish car company profitable, Geely’s chairman said Tuesday.
Cisco’s purchase of Tandberg wins EU approval for US$3.16 bil. purchase
(ChinaPost.com.tw) – Cisco Systems Inc., the largest maker of networking equipment, won European Union and U.S. approval for its planned 19 billion-kronor (US$3.16 billion) purchase of Norwegian videoconferencing firm Tandberg ASA.