China News

Our China News section is designed to keep subscribers up to date with important China business news in between publication of the annual China Business Handbook in the first quarter of each year. Search for news topics chronologically or by business/industry category...

C919 aircraft maiden flight due by mid-2017

Posted in: Transport/Logistics

CHINA’S NEW C919 twin-jet aircraft is due to enter commercial service in the 2nd half of 2017 with its maiden flight due by mid-2017. COMAC (the Commercial Aircraft Corporation of China), the developer and airframe maker of the C919, China’s first domestically developed short-to-medium-range commercial twin-jet, has over 500 orders to date from 20 or more aircraft […]

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SF Express to build central China aircargo hub airport

Posted in: Transport/Logistics

SHUN FENG (SF) Express, China’s biggest aircargo operator, has announced plans to build an aircargo hub airport at Yanji in central China, within a 100km radius of Wuhan. The rationale for building a new airport in this location is that SF Express will be able to fly cargo to almost any point in China within […]

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Midea buys 80% of Toshiba home appliances unit

Posted in: Business/Industry

LEADING CHINESE WHITE goods maker Midea (美的)has agreed to buy 80.1% of Toshiba’s home appliances division (东芝家电)for Yen53.7 billion (US$473 million), officially designated within Toshiba Corporation as the Toshiba Lifestyle Products & Services Corporation (TLSC). This further strengthens a relationship between the two companies that dates back over two decades during which they have cooperated closely […]

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Dividend tax breaks for long-term stock market investors

Posted in: Economy/Finance

CHINA IS INTRODUCING dividend tax breaks for long-term stock market investors as part of a raft of measures designed to ease the volatility that has rocked the country’s main stock exchanges since the middle of this year. The dividend tax breaks were announced jointly by the ministry of finance, the tax authorities and the securities regulator. […]

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Guiyang ranked top emerging city in China

Posted in: Economy/Finance

GUIYANG, THE CAPITAL city of Guizhou province, has been identified as China’s top emerging city, according to a special report released by the Economist Intelligence Unit (EIU). The EIU’s emerging city rankings are determined by growth indicators, notably population, income, infrastructure and GDP. These fast-growing cities offer excellent investment opportunities in a wide variety of […]

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China vows to cut coal consumption

Posted in: Energy/Environment

BEIJING HAS VOWED to cut coal use to reduce air pollution.  Plans to shift China’s energy consumption away from coal are a direct response to public and international concern over health and environmental risks of the nation’s air quality.  The statement comes amidst Beijing’s recent selection to host the 2022 Winter Olympics, during a time […]

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China boosts economic ties with Ghana

Posted in: Business/Industry, Policy/Society

CHINA IS PREPARING to extend economic cooperation with Ghana, according to a statement made by Sun Baohong, Chinese Ambassador to Ghana, last Thursday, against a background where China has doubled its trade with Africa over the past four years, hitting US$222 billion last year (2014). In a speech made during the final round of the […]

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China’s Beidou satnav system launches 18th, 19th satellites

Posted in: Technology, Transport/Logistics

SINCE THE LAUNCH of its first satellite in 2000, the Beidou Navigation Satellite System (BDS) has been moving towards achieving global positioning and navigation coverage. On 25 July 2015, the launch of two new-generation satellites brought Beidou closer to this goal. They join 17 satellites already in orbit, which brings the BDS total to 19. […]

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China express delivery boom driven by e-commerce

Posted in: Business/Industry, Transport/Logistics

EXPRESS DELIVERY SERVICE is booming in China, thanks to major growth in its e-commerce industry.  More than 8,000 express delivery firms operate in China to accommodate growing demand for goods purchased online.  According to a Xinhua report, an estimated 10.2 packages were delivered per person in the past year. Express delivery is leading the growth […]

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Uber taxi service faces uphill battle in China

Posted in: Transport/Logistics

TAXI-BOOKING SERVICE Uber has faced legal challenges and fierce competition with domestic companies in China since its soft-landing in Shanghai in late 2013. According to a statement made last Wednesday, Uber’s major competitor DiDi Kuaidi – the result of a merger last February between China’s two largest taxi-booking companies – has allegedly raised more than […]

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