From Financial Times: A senior official of China’s Xinhua News Agency has cited “numerous violations” of tax and other laws by foreign counterparts as justification for rules banning them from dealing directly with local clients. The rules, which also give Xinhua the power to censor news and information distributed in China by foreign news agencies […]
Read MoreFrom Financial Times: Chongming, an island at the mouth of the Yangtze river, has felt the impact of environmental degradation more than many places, as its population has doubled in 50 years and deforestation has silted up the river. Now Chongming is to become a model for environmental good practice. The Shanghai government has just […]
Read MoreFrom Bloomberg: China will allow investors in the northern city of Tianjin greater freedom to buy and sell currencies as part of moves towards a fully convertible yuan. China’s State Administration of Foreign Exchange has approved Tianjin’s plan for “limited convertibility” of the yuan at the Binhai economic area, the city’s mayor Dai Xianglong said […]
Read MoreFrom Financial Times: Shanghai loves dazzling engineering projects and its latest scheme is to build trains that will cover the 200km to the tourist destination of Hangzhou in 30 minutes by levitating on magnets. Yet it is the old-fashioned Tarmac road between the same cities that is now the centre of attention in Shanghai politics, […]
Read MoreFrom Financial Times: A food company from Taiwan, the self-governing island threatened with invasion if it declares formal independence from China, was on Wednesday named as the exclusive supplier of instant noodles to the 2008 Beijing Olympics. Uni-President, the island’s biggest food company, is the first Taiwanese-owned company to be named as a sponsor of […]
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