Jing Luo

Exxon Agrees to Huge Joint-Venture Deal in China

From the BBC News: China is working on securing a reliable source of petrol in order to fuel it’s increasing demand for petro products and petrochemicals. This has been accomplished by a joint venture between Exxon mobile, Saudi Armco, and Sinopec; which will effectively create “the first fully integrated refining, petrochemicals and fuels marketing project […]

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Charges due in China mine killing – BBC

From the BBC News: Seven men will probably face charges after an investigation of the death of a journalist who was investigating a coal mine in Shanxi. Although some local officials say he was not an accredited journalist and may have been trying to extort money, there was still a public outcry among the reporters […]

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China ends tax breaks for foreign investors – AP

From AP, via MSNBC: After giving a blanket tax break to all foreign investors for three decades lowering foreign companies tax rate to as low as 10% while Chinese companies pay as much as 33%, the Chinese government has decided to raise foreign companies tax rate to that of Chinese companies. The tax breaks attracted […]

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Chinese MPs Exercise Rubber Stamp

From the BBC News: Just once every year for just two weeks, three thousand delegates come together to the Great Hall of the People to discuss whether or not to accept the latest party proposal. However, after the 50 years the parliament has been in place, they have never once rejected a party proposal. [Full […]

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Testing China’s economic climate – BBC

From the BBC News: The name Tiananmen Square conjures up either the memory of a slaughter of hundreds of pro-democracy campaigners by the Chinese authorities on 4 June 1989, or denial by the Chinese authorities that it happened. Mentioning 4 June 1989 is still prohibited in the Chinese media and the Chinese government maintains that […]

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