Government taxes aluminum exports

20 July 2007
China will temporarily impose export duties on some aluminum products from August 1 in a bid to reduce energy and resource consumption as well as pollutant emissions, according to the Ministry of Finance (MOF). The government will levy a 15% export tariff on non-alloy aluminum rods and poles and scrap the 5% import duty on electrolytic aluminum, Sina reported (in Chinese).  more...

Independent test shows "White Rabbit" candy safe

20 July 2007
A Shanghai food company on Thursday denied its famous "White Rabbit" candy had quality problems despite a ban by the food watchdog of the Philippines, which claimed samples of the sweets were found to contain formaldehyde and other harmful substances, according to the Shanghai Evening Post (in Chinese). The manufacturer of the White Rabbit, Guan Sheng Yuan, cited an independent report by the Shanghai branch of Shanghai's standards authority as saying that White Rabbit samples were ready to be exported overseas and tested on Wednesday contained no toxic substances.  more...

Private carrier leases China-made aircraft

20 July 2007
Okay Airways, China's first private airline, has signed a lease-to-buy contract for 10 MA60 turboprop aircraft produced by China Aviation Industry Corp I (AVIC I) in Xi'an, Xinhua reported (in Chinese).  more...

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Baidu faces new lawsuit over music piracy  (19 July 2007)
Insurance premiums up 21% in first half  (19 July 2007)
Sinopec, CNOOC to develop S. China's natural gas market  (19 July 2007)
Domestic M&A up in first half  (18 July 2007)
Forestry agency plans for more trees  (18 July 2007)
Coca-Cola sets up research center  (18 July 2007)
Resource tax may rise  (17 July 2007)
Shanghai levies new property transfer tax  (17 July 2007)
Official: China "willing" to encourage foreign M&A  (17 July 2007)
Forbidden City Starbucks closed  (16 July 2007)
Baosteel to lead China team in 2008 iron ore talks  (16 July 2007)
Mobile phone production jumps 33.7%  (16 July 2007)
22 mainland companies on Fortune Global 500  (13 July 2007)
New accounting standard to be adopted  (13 July 2007)
Flood in Jiangsu may affect water quality in Shanghai  (12 July 2007)
BOC: More macro controls in second half of 2007  (12 July 2007)
Grain prices rise in June  (12 July 2007)