China’s southern city of Shenzhen is mulling a plan to lift the employer contribution rate for pension premiums by a further 3 percent, according to the recently released draft version of the “Social Pension Provisions of the Shenzhen Special Economic Zone” that is currently open to public opinions. The new draft provisions would increase the [...]
During the national e-commerce meeting in Shenzhen, experts are saying that trade volume of the city’s e-commerce will exceed 300 billion yuan by the end of 2013. Shenzhen is China’s first model city for e-commerce, and in turn Shenzhen has a fast growing e-business network which promoted industrial updates and economic growth. To further develop [...]
The fight between Apple and Proview for the legal ownership of the iPad trademark might be place on hold. currently Proview is battling Apple over the trademark iPad in China and Proview is hoping that a potential bailout from Apple can revive their company. But in an unfortunate series of events, Fubon Insurance which is [...]
The district urban management administration in Yantian had made agreements with the Shenzhentong company which will allow residents holding Shenzhentong cards to rent bicycles in Yantian once the proper equipment is installed. The bicycle rental service will allow residents to rent more conveniently in the district. A hiking track along the seaside will also be [...]
By 2015, residents will be able to access public cultural facilities within ten minutes by foot. In a meeting attended by city’s top leaders at the Shenzhen Grand Theater approved a document that has measures and targets for cultural development. Document is titled a Decision to Build Shenzhen into a City Strong in Culture. The [...]
The city bureau of public works announced yesterday bidding documents and requirements of campus plans on the planned construction of the Shenzhen campus of the Chinese University of Hong Kong that is set to start soon. In the proposed plans the campus will be located southwest of the Universiade Sports Center in Longgang. The campus [...]
As wage levels in China have recently come under scrutiny (Foxconn, a key supplier for Apple, raised salaries at their China factories by 25 percent earlier this week following international criticism), the country’s actual minimum wage levels have been in place for decades and have been rapidly rising across the board. The Chinese government, as [...]
Ok, so lets put the price of silver into some context……. According to various sources (charts courtesy of Casey Research), silver reached $111.75 at its 1980 peak, adjusted for inflation (assumption made that government measure of inflation accepted – we can leave that discussion for another day). Right now, we’re nowhere near that level, despite [...]
A research report completed by the global management consultancy Mckinsey and Company, titled the City 600 and released during the International Conference on Urban Development and Innovation that ended last Friday indicates that Shenzhen’s GDP will rank 11th in the world by the year 2025. The report listed what the top 25 cities in the [...]
Doling out overtime payments can be expensive for employers. With regards to paying overtime in China, employees are grouped into three categories working under different systems – the standard work hour system, the comprehensive work hour system, and the non-fixed work hour system. The standard work hour system requires that an employee’s normal working day [...]
© 2012
Shenzhen Standard. All Rights Reserved.
Log in
-
Loading ...