Categories
Investment

Taxing transfers

Before buying into a domestic enterprise in mainland China, especially state-owned enterprises, foreign investors should be aware of the tax implications of any reorganisation in the target company. Under its World Trade Organisation agreement, the Chinese government has promised broader access to its markets. Even some previously prohibited industries, such as telecommunications, are expected to […]

Categories
Tech, Media & Telecom

Harbouring desires

With China's ports opened up to foreign investors, several operators are eyeing opportunities in the sector. In the vanguard is PSA of Singapore. Recent investments show that China is opening up its ports sector to foreigners, following new investment guidelines that were introduced in April this year. Foreign investors, in accordance with China's World Trade […]

Categories
Economics & Trade

Chinese firms win dumping case

Four Chinese windshield producers have won their appeal against anti-dumping tariffs imposed by Canada, China Daily said. The tariffs were imposed in response to a complaint lodged last December by Canada's leading windshield producer that dumped imports of laminated windshields were damaging the domestic industry. After hearing the appeal in May, the Canadian customs agency […]

Categories
Economics & Trade

Zinc firms to cut exports

China's four largest zinc producers have agreed to cut their exports by up to 15 per cent from last year's 350,000 tonnes, China Daily said. The four firms, Huludao Zinc, Zhuzhou Smelter, Zhongjin Lingnan Non-ferrous Metals Group and Baiyin Non-ferrous Metals, made the agreement at a meeting in Zhuzhou, Hunan province, in July. The four […]

Categories
Commodities

Private firms to import more oil

The State Economic and Trade Commission announced on its website that China would allow non-state-controlled firms to import about 27 per cent of its total petrol, diesel and other fuels in 2003. Currently, four stateowned companies control 79 per cent of imports of such fuels, or 14.7m tons. Nonstate firms will also be allowed to […]