Environmental impact assessment reports must be submitted to the National Environmental Protection Agency (NEPA) for all construction projects, under a new law that will be introduced in September 2003, South China Morning Post said. Applicants will also be required to hold public hearings before putting forward their reports. Those who do not follow the procedure […]
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Shenzhen's plan to spend Yn30bn on increasing the capacity of its airport and sea ports may lead to over-supply in the Pearl River Delta region, warned an analyst quoted by South China Morning Post. During the current five-year plan (2001-05), the city will spend Yn15.6bn to increase its cargo-handling capacity to 36.2m tonnes a year, […]
Beijing's municipal government has set aside 220 hectares of land in Xuanwu district for the development of a business district catering for media organisations. Beijing International Media Boulevard would provide advanced network communication systems to help media organisations with news gathering and transmission and would also include residential accommodation, hotels, museums and entertainment facilities. The […]
Guangzhou plans to invest Yn30bn in basic infrastructure on Nansha Island over the next three years, said the city's executive vicemayor Zhang Guangning. He was speaking at a ceremony for the Shazai Bridge, a 1kmlong road bridge that is planned to be the first of several major road projects for the area. By 2005 the […]
Many FIEs are evading tax by making paper losses, China Business Times said. According to figures compiled by the anti-tax evasion division of the National Tax Bureau, 35- 40 per cent of such firms reported losing money between 1988 and 1993, rising to 60- 65 per cent between 1996 and 2000. The most popular method […]