Procedures in Shanghai FTZ will be reviewed as part of the process Revision of foreign investment laws is likely to be concluded in 2015, when the focus will shift to the supervision of investors and their conduct, Assistant Minister of Commerce Wang Shouwen told China Daily on Thursday. “The revision of foreign investment laws is [...]
China is willing to build an Asia-Pacific partnership with APEC members that will lead future cooperation in the region, said State Councilor Yang Jiechi on Wednesday. Yang made the remarks at the opening ceremony of the third Senior Officials’ Meeting (SOM3) of the APEC 2014 in Beijing. Noting that the Asia-Pacific region is an important [...]
A total of 12 Japanese auto parts suppliers have been fined 1.24 billion yuan (about 201 million U.S. dollars) due to a price monopoly, China’s top price regulator confirmed Wednesday. The Japanese auto parts suppliers punished include Hitachi, Denso, Aisan, Mitsubishi Electric, Mitsuba, Yazaki, Furukawa, Sumitomo and bearing makers Nachi, NSK, JTEKT and NTN, the [...]
The commercial cultivation of genetically modified rice in China may still be far in the future as the safety certificates of two varieties of GM rice have expired and it is unknown if they have been extended. The expiration of the certificates came only days after a report that GM rice has flowed into the [...]
Antitrust investigations into foreign companies in China will not scare away foreign investors despite the inflow of overseas spending in July hitting a two-year low, an official said on Monday. “Just a few antitrust probes will never scare away foreign investors,” Shen Danyang, spokesman for the Ministry of Commerce, told reporters. “As for China stepping [...]
A total of 6,017 people were punished for breaches of anti-bureaucracy rules in July, the Communist Party of China (CPC)’s discipline agency said Sunday. The violators were found to have been involved in 4,480 cases, the CPC Central Commission for Discipline Inspection (CCDI) said in a monthly release on this issue. Their breaches included violating [...]
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