China is preparing to clamp down on foreign companies trying to evade tax, a State Administration of Taxation (SAT) official told China Daily. SAT is reportedly focusing on a small group of foreign companies and implementing a more proactive approach that will require them to first submit their tax filings for preliminary assessments to familiarize […]
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Airport construction and other aviation infrastructure projects will be opened up to foreign investors, a top aviation official told a meeting of the Civil Aviation Authority of Singapore (CAAS). Yang Guoqing, deputy director of the General Administration of the Civil Aviation of China (CAAC), said foreign investment was now limited to air traffic control systems. […]
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Plea for more power plants
Power plants must be built faster to get on top of China's energy shortage, said State Power Grid General Manager Zhao Xizheng. China needs 30 million kW of new electricity capacity just to keep up with rising demand driven by the economy's racing growth. National consumption is projected to reach 4.5 trillion kW by 2020, […]
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Mobile exports up
China exported 51.01 million mobile phones in the first five months this year, a 57.7% year-on- year increase, according to China Customs data. The phones were valued at US$4.9 billion, more than double the value of exports for the corresponding period in 2003. China's big phone exporters are still ventures tied to global players Motorola, […]
Richard Chang, chief executive of NASDAQ- and Hong Kong-listed Semiconductor Manufacturing International Corp (SMIC), dismissed threats of a US$750,000 fine and imprisonment on Taiwan for allegedly breaking the island's cross-strait investment regulations. Chang, a Taiwan-born naturalized US citizen, called the charge made by Taiwan's Investment Commission harassment. Although Taiwan investors are free to buy SMIC's […]