Economics & Trade
Chongqing: China's first inland tariff-free zone
10 March 2010Bo Xilai, the Chongqing Party chief and deputy to the National People's Congress announced that Chongqing would now have a duty-free zone and said Chongqing has lagged behind the other three municipalities directly governed by the State Council – namely Beijing, Tianjin and Shanghai – in economic development, but it is the only one of these municipalities located in inland China.
He said, the establishment of a tariff-free zone in Chongqing marks a big opportunity for the opening-up of China's inland cities.
China Daily reported that Bo also announced that last year several major IT companies like Hewlett-Packard, Foxconn and Intel have signed big contracts with Chongqing to produce over 80 million laptops, which has greatly contributed to Chongqing's economic development and exports.
Guangdong richer than some countries
5 March 2010China's Academy of Social Sciences (CASS) published its annual Economic Competitiveness Report of China's Provinces and Regions (2008-2009). more...
Shanghai aims to be financial capital
4 March 2010In Shanghai, the upcoming Expo is seen as a golden opportunity to start recruiting bankers and barristers to settle down in Shanghai.
20 years ago Shanghai had no stock exchange. more...
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