China Economic ReviewAuto financing rulesThe central government signed a Closer Economic Partnership Arrangement (CEPA) with the Macau Special Administration Region in October. The CEPA will institute a gradual decrease and elimination of tariff and nontariff barriers for goods trade, gradual realization of freedom over service trade and facilitation of trade and investment. By January 1, 2006, at […]
Changing demographics will impact on China business plans for all companies With China's overall economy expected to continue growing at around the current rate of 8 percent for years to come, the number of households considered 'high income' looks set to increase exponentially accompanied by a steady shift in spending patterns, according to a study […]
This map shows the current and future locations of high income households. The five red provinces account for 79 percent of urban households earning RMB 80,000 a year in 2003 and 54 percent by 2012. They also account for 57 percent of all those earning over RMB 40,000 in 2003, dropping to 35 percent by […]
China published its Provisions on Imports and Exports, which go into effect on January 1, 2004. The provisions cover the areas of custom duty rates, pricing of post- tax export and import goods, and imposing of custom duties and exports tax. The government said the regulations were released as part of China's WTO commitments.
Italy's Fata Group plans to set up new businesses in China and expand existing ones in engineering, materials and logistics. The group announced it aims to reach a turnover of 70 million euros (US$84 million) in China in 2003 and increase it by 20 to 25 percent in 2004. The group, which already supplies coil […]