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Ahead of elections in Taiwan, China amends a law to encourage investment from the island

The new regulation comes two weeks before the next elections in Taiwan on 11 January. The amendment simplifies the procedures for investment in the mainland by Taiwanese citizens by removing the requirement of government examination, approval, and filing. The amendments...

Beijing real estate price drops near 20% since 2017

House prices in Beijing have reached their lowest value since April 2017, when they peaked, yielding 18.5% of their value. Since July 2019, real estate prices in first-tier cities have started to decline, with the exception of Shenzhen, where the trend has continued...

China announces major infrastructure investments for 2020

The Chinese government, according to the voice of Transport Minister Li Xiaopeng, announced a new industrial plan of nearly three trillion yuan in infrastructure. In 2020, 800 billion yuan (nearly $115 billion) will be invested in railways, 1.8 trillion in highways and waterways and...

China confirms ‘phase one’ trade deal with US and suspends planned tariffs scheduled for Dec. 15

China and the United States' "phase one" trade agreement is good news for all and will "provide stability in global trade", Chinese Foreign Minister Wang Yi said Saturday during a press conference. Wang Yi's comments came after the two countries agreed on a text...

China is working to exempt some U.S. agricultural products

According to ecns.cn, the Customs Tariff Commission of the State Council is working to exempt some U.S. agricultural products, such as soybeans and pork, from additional tariffs in light of applications submitted by the enterprises concerned, China's Ministry of Commerce spokesperson Gao Feng said Thursday during a press conference...

China plans to Make Macau Financial Hub

The Chinese government has announced a new plan to diversify Macau's economy beyond gaming, also focusing on the financial market and tourism at a time of uncertainty and political turbulence in Hong Kong. Policies include establishing a yuan-denominated stock exchange, the development of a yuan settlement center and allocating land...

China’s AI market to reach 11.9 billion U.S. dollars by 2023, paper

The Artificial Intelligence market in China could reach 11.9 billion US dollars in 2023, according to a document released by the global market intelligence company International Data Corporation (IDC) and QbitAI a Chinese media dedicated to artificial intelligence, released during the conference on the technological future MEET2020. This is the...

China orders public offices to remove foreign tech by 2022

The Chinese government, according to the Financial Times, has ordered to remove every foreign computer and software from government offices and public institutions within three years. The new Chinese directive reflects in some ways the Trump administration's ban on American companies doing business with the Chinese telecommunications giant Huawei earlier...

China plans to lift tariffs on U.S. soybean, pork imports

China's Customs Tariff Commission of the State Council said Friday that the country is working on tax exemptions on part of the soybeans and pork imported from the United States, a move that could take some heat out of talks aimed at agreeing on a truce in the trade...

Asian markets plunge as concerns grow over US-China trade deal

Asian stocks suffered heavy losses on Wednesday due to uncertainties arising from a possible trade agreement between the U.S. and China. The Hong Kong Hang Seng (HSI) index ended down 1.3%, the Nikkei 225 (N225) index closed down 1.1% and the Shanghai Composite (SHCOMP) lost 0.2%. The Chinese government warned that...
 

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