Economics & Trade

Impact on exports to be felt in 2002

China's exports have begun to feel the effect of the September 11 attacks on the US and the impact wil

Exports to US fall in October

China's exports to the US rose by 4.3 per cent year-on-year in the first 10 month of 2001 to US$45.18b

China's shrinking trade volume

China's exports in October totalled US$22.79bn, 0.1 per cent higher than in the same month of 2000, Xi

New calculation method swells debt

China's outstanding foreign debt totalled US$170.41bn at the end of June 2001, the People's Bank of Ch

Television auction sets record

The auction by China Central Television (CCTV) of advertising time slots in January and February 2002

GE in talks on rail transport venture

US-based General Electric has entered into talks with Beiya Industrial Group on the establishment of a

Cut in purchase tax on cars

The State Administration of Taxation changed the rules for calculating purchase tax on new motor vehic

Auto production set to expand further

China produced 1.9m autos in the first nine months of 2001, 13 per cent more than in the same period o

Nokia sells stake in subsidiary

Nokia, the Finland-based telecoms equipment maker, has sold a 30 per cent stake in its subsidiary, Nok

Motorola to treble investment

Motorola intends to invest a total of US$6.6bn in China over the next five years, Reuters reported.

Mobile subscriber total hits 136m

The number of mobile phone users in China increased by 5m a month during the first 10 months of 2001 t

Lawson to source local vegetables

From spring 2002, the Japanese convenience store operator Lawson will begin to use vegetables organica

Shanghai replans Nanjing Road

Shanghai has unveiled an ambitious face-lift project for the eastern part of its principal shopping st

Beijing retailers form alliance

Thirteen retailers in Beijing have set up a joint venture to help them meet competition from internati

Wal-Mart opens Beijing store

The US-based retail giant Wal-Mart has opened its first outlet in Beijing, Beijing Youth Daily said.

Carrefour to resume expansion

The French hypermarket chain Carrefour has signed an agreement with the State Economic and Trade Commi

Cosco to pull out of Europe/India trade

China Ocean Shipping Co (Cosco) has confirmed that it is withdrawing from direct services between nort

Agreement on Yantian development

The ports division of Hutchison Whampoa of Hong Kong has signed an agreement with Shenzhen municipal g

Another link in the new alliance

From January 2002, German line Senator will take slots on two Cosco services, both serving the trans-P

China Shipping moves in on US market

China Shipping Group has acquired Norton Lilly International's 50 per cent holding in China Shipping (

CSCL to drop Tianjin service

China Shipping Container Lines (CSCL) is set to drop Tianjin from its China/Europe service in late Jan

Yangtze dyke contracts awarded

Contracts for 27 dyke reinforcement projects have been signed in Wuhan, Xinhua reported.

Dedicated offices for WTO affairs

The Ministry of Foreign Trade and Economic Co-operation has set up two new offices to look after chang

Tax breaks for foreigners to end

Government officials have confirmed that China will phase out the preferential tax treatment granted t

ADB cuts growth forecast for 2002

The Asian Development Bank in November forecast that China's economy would grow by 7 per cent in 2002.

Decline in industrial outpu

China's industrial output rose by 8.8 per cent year-on-year in October 2001, significantly lower than

Dolled up for expansion

China's cosmetics queen, Yue Sai Kan, has launched a Chinese Barbie doll that she hopes will help make her name internationally famous.

Greater freedoms for Jvs

As part of the ongoing effort to update China's foreign investment regime and bring it into line with World Trade Organisation commitments, amendments to the implementing regulations for equity joint ventures (EJVs) were issued in July 2001, four months after a number of amendments were made to the EJV law. Some of the changes to the implementing regulations bring them into line with the amended EJV law.

Off the beaten track

One of China's best preserved historical towns is just 100km from the capital, offering a tranquil weekend retreat for Beijing residents.

The Green Games

A successful Olympic Games in 2008 will depend partly on Beijing's ability to deliver quantifiable environmental gains to its citizens.

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