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Archive for June, 2013

4G Network to Be Boosted Nationwide

(Updated: 2013-06-27) China will accelerate the development of a 4G network nationwide to cover 100 cities and also upgrade a network to handle low-cost and big-capacity voice communications, participants said during a mobile communications show yesterday. China Mobile, the world’s biggest telco, will extend trials of the 4G networks in 100 cities in the country […]

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Posted in: China

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Stronger Breeze May Power Offshore Wind Market

(Updated: 2013-06-26) China’s offshore wind market is set to pick up with the approval of more projects, but that may not be enough to ease overcapacity among many struggling turbine makers. China has become the world’s largest wind market after years of explosive growth that also spawned oversupply, intense price competition and quality concerns. In […]

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Posted in: China

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China Starts Carbon Trading in Shenzhen

(Updated: 2013-06-19) The city of Shenzhen, in south China’s Guangdong Province, launched a carbon trading scheme on 18th June, the country’s first market for compulsory carbon trading. The scheme covers 635 industrial companies and some public buildings that account for about 40% of the city’s carbon emissions, the Shenzhen carbon trade exchange said in a […]

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Posted in: China

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Banks Told to Cater for Manufacturers

(Updated: 2013-06-18) Shang Fulin, chairman of the China Banking Regulatory Commission, has warned that banks should prevent financial innovation that doesn’t cater to real demands of manufacturers and service providers. “Banks should be wary of self-circulation of capital and arbitrage behaviors against regulations to make sure credit funds flow into the real economy,” he said […]

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Posted in: China

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New 2% Tax on Imports and Exports

(Updated: 2013-06-10) The Internal Revenue Department will levy a 2% income tax on the customs value of nearly all imports and exports as the country bids to simplify taxation and widen the base of taxpayers, says an analysis compiled by law and tax advisory firm VDB Loi. The change takes effect from June 14 and […]

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Posted in: Myanmar

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Retailers Chase Growth in China’s West

(Updated: 2013-06-07) Finding a table during lunch time at Ikea’s restaurant in Southwest China’s Chengdu is never easy, even on weekdays. The reason can be found in the parking lot, packed with cars with license plates from other provinces in west China, a sign that the furniture retailer’s client base stretches beyond Chengdu, capital of […]

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Posted in: China

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TPP Challenges to Garment Sector

(Updated: 2013-06-07) Domestic garment makers will have to meet the “Yarn Forward” Rule of Origin of the Trans-Pacific Partnership (TPP) Agreement if they want to enjoy tax preferences. The rule requires the TPP nation to use a TPP member-produced yarn in textiles in order to receive duty-free access. This rule will exert a big impact […]

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Posted in: China

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