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| Saturday, September 06, 2008 00:00:03 |
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June 29,2007
In an interview that should be required reading for anyone looking to risk money beyond China’s seaboard, William Dodson, Managing Director of Silk Road Advisors, a China-focused strategic management consultancy, tells The China Perspective about changing foreign investment patterns and government incentives for investment in China’s 2nd- and 3rd-tier cities.
June 22,2007
Foreign firms will be entitled to tax rebates on any disabled Chinese employees from 2008, China Today reported. The tax rebate will be capped at RMB35,000 per disabled person per year, and disabled employees will not have to pay income tax. Where disabled employees make up 25% or more of the total workforce, the company will get rebates on both income and value-added taxes. Those with less than 25% disabled employees will only get income tax rebates. Statistics show China has 83 million disabled people, 22.7 million of whom are employed and 8.6 million officially unemployed.
June 22,2007
Tangshan Iron & Steel – China’s second largest publicly traded steel mill – said its profit for the first six month of this year might surge as much as 80% thanks to better production techniques, Economy Daily reported. The lower limit of its prediction was a 50% gain. The Hebei province-based steelmaker reported nearly RMB703 million in net profits last year, but profits reached RMB465 million in the first quarter of this year alone. Its share price has more than quadrupled since 2006. It is concentrating on increasing its output of higher value-added products, such as cold-roll steel sheets for autos and plates for ships. The industrial benchmark price for hot-roll coil averaged RMB4,248 per metric ton this year compared to RMB3,776 last year. June 21,2007
Chinese now prefer stocks to bank deposits: Survey PetroChina targets US$5.6 billion domestic IPO China Mobile adds record subscribers June 21,2007
The price of pork – China’s staple meat product – is up 43% on the same time last year amid rising demand and a supply shortage following a recent outbreak of the pig disease blue-ear, which has already caused the death of 18,000 pigs this year. Skystar Bio-Pharmaceuticals (OTC BB: SKBI) Director Wen Wei tells Amy Cheung of The China Perspective how the blue-ear outbreak is good news for the company. June 20,2007
Export rebates to be slashed or scrapped China Mobile eyes home IPO Shanghai retail sales surge in MayJune 19,2007
Minsheng Bank to issue US$20b bonds WTO chief in China for trade talks Predicted rate hikes could drive up RMB June 18,2007
CCB eyes Shanghai share issue China COSCO eyes Shanghai IPO Shanghai Expo to earn city US$19 billion June 15,2007
Industrial output continues to expand BoC to target wealthier customers Green policy may benefit relevant companiesJune 14,2007
China not a currency manipulator: US Treasury FDI up 9.9% in first 5 months Jana and Shenyang Machine reach deal |
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