Development zones are not a Chinese creation, but China in particular has found tremendous success with this economic tool. Historically, the liberal business environment in these areas have allowed foreign enterprises to operate more comfortably in the Chinese business environment, sheltered from the bureaucracy and red tape that often characterizes the rest of the country [...]
As investment from the mainland cools down after an eight day winning streak, shares in Hong Kong has closed down yesterday with the Hang Seng Index down the most in Asia falling by 1 percent with buying using a trade link with Shanghai. Mainland investors bought around 2.4 billion yuan Monday using the Shanghai Hong [...]
The tourist resources of the Federated States of Micronesia are almost equal with tourist resources of Malaysia and Thailand which are favorites of Chinese travelers, now the Federated States of Micronesia are welcoming tourists and investors starting yesterday. According to FSM’s Ambassador to China Akillino H. Susaia who is visiting Shenzhen for a trade and [...]
In a bold move to help support development and innovation in the capital markets, China Securities Depository and Clearing Co. have allowed investors to open multiple A-share trading accounts. Chinese stocks hit a seven year high which shakes off investors concerns that in spite a looming initial public offering will drag down a recent run [...]
Alibaba Group Holdings and its finance affiliate will be speeding up a drive to become a full fledged Chinese online financial network as the launch of an e-commerce tracking stock index and is planning an Internet bank in June. Ant Financial Services Groups CSI Taojin Big Data Index 100 will be the first of its [...]
Hong Kong stocks surged in the past two days as investors in the mainland has flooded the market with cash. The Hang Seng Index hit the highest point in seven years and continues to soar pushing the market up 6.6 percent for this week and 14 percent for the year. Analysts stated that the investors [...]
China has finally loosen up capital controls for foreign funded firms and now allows them to convert a foreign currency capital into yuan in order to help them hedge currency risks and to cut costs. According to the new regulations given by the State Administration of Foreign Exchange, foreign firms are allowed to convert up [...]
As living condition rises in Shenzhen, costs of operating a manufacturing business also goes up, and creating the Shenzhen Shanwei Special Cooperation Zone might be the solution to the problem for business owners. As setting up a business in Shenzhen is becoming costly, factories are considering growing their business in Shanwei. Regarded as one of [...]
The city is planning to transform a State owned tree farm into a national park since the farm has been troubled with economic difficulties because of labor and maintenance costs. The farm is located in Bao’an district is called Luotian Forestry Farm has an area of 930 hectares and with 36 employees. Since the farm [...]
Chinese manufacturers are shifting their focus to quality in equipment exports and are also expanding joint production overseas in hopes tp boost their efficiency in the slow economy. Chinese companies in sectors ranging from consumer goods to nuclear energy to railway construction are increasingly searching to tap overseas market as the growth in home slows [...]
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