China Economic ReviewShanghai will spend Yn2bn on building a Formula One race track, said a vice mayor of the city, Zhou Muyao. The track is part of a Yn50bn ‘auto town’ project being developed in Jiading district that will embrace automobile manufacture, design, sales and service. Zhuhai in Guangdong province built its own Formula One circuit six […]
A report by the State Forestry Administration revealed that 28 per cent of China’s land mass was desert, China Daily reported. Desertification affected 2.6m sq km of China at the end of 1999, 52,000 sq km more than found by the first survey in 1994. The report said that 1.7m sq km of new desert […]
A special team of judges has been established by a court in Beijing to deal with cases involving transnational disputes, China Daily reported. The new bench will deal with cases concerning loan contracts, international transport contracts and disputes involving credit letters, international co-operation and trading involving foreigners. It is expected to be a model for […]
Rules introduced at the beginning of 2002 have given trade union representatives the right to attend management meetings of all companies, reported South China Morning Post. A partner lawyer in the Hong Kong office of Baker & McKenzie, Andreas Lauffs, said that under the new rule, management decisions taken without consulting staff representatives were illegal […]
Guangzhou municipal government is conducting a nationwide recruitment campaign to fill senior posts in its state-sector companies, South China Morning Post said. In what was reported as the first such exercise in China, Hong Kong residents and foreigners The 60 posts on offer ranges to general mangers of subsidiaries and vice-general managers of larger enterprises. […]