Trade News

Chinese quality regulator: imported food tested unsafe May 8, 2008

A total of 593 batches of imported goods were tested to be not up to standards, including well-known brands like Pringles potato chips from the U.S., according to a list issued by the national quality regulator. The General Administration of Quality Supervision, Inspection and Quarantine (GAQSIQ) has released a blacklist of unqualified products import...

More than 10,000 China UnionPay card's agents in Japan May 8, 2008

The number of China UnionPay Card's agents in Japan has been over 10,000 by the end of April, 2008. The number of ATM in Japan providing service to China UnionPay Card has passed 46,000, according to data released by China UnionPay recently. Officials from China UnionPay said they will expand the agent network of China UnionPay card in Japan, in order ...

Guangxi allocates 260 bln yuan to build int'l transport hub May 8, 2008

The government of Guangxi will allocate 260 billion yuan to build a transportation network comprising railways, highways, water carriage and aviation etc. in an effort to make Guangxi a regional international transport hub linking Association of Southeast Asian Nations (ASEAN) areas, said Ma Biao, Chairman of Guangxi Zhuang Autonomous Region on May 6. ...

Population declaring income tax topped 290,000 in Shanghai May 8, 2008

It is learned from the local tax department in Shanghai that over 290,000 individuals with the annual income of more than 120,000 yuan in 2007 have made tax declaration till March 31, 2008. The declared annual income reached 111.66 billion yuan, up 22.6% over the previous year, while the per capita annual income declared was 382,000 yuan and tax paid ...

Microsoft breaks ground for 5,000-person Beijing R&D center May 8, 2008

Microsoft China broke ground on Tuesday on a 280-million-U.S.-dollar research and development campus in Zhongguancun, Beijing's high-tech region. The campus, with two buildings offering 101,000 square meters of space, is expected to be completed in 2010 and will be the company's main overseas campus. About 5,000 employees will work at the facility. ...

US firms eyeing Shanghai May 7, 2008

An increasing number of US companies want to list in Shanghai and work with the Chinese authorities on the feasibility of doing so is ongoing, NYSE Euronext Inc CEO Duncan Niederauer has said. The prospect of a series of major US companies listing on the Shanghai Stock Exchange represents a dramatic reversal of the flow that has seen many top Chinese c...

Microsoft to build $280m R&D center in Beijing May 7, 2008

Software giant Microsoft yesterday said it will invest $280 million to build a research and development center in Beijing and significantly expand its research team in the country. The new R&D campus, set to accommodate 5,000 employees, will become Microsoft's largest research center outside the United States when it is completed in 2010, said Zhang Ya...

BEA closer to issuing debit cards May 7, 2008

Bank of East Asia (BEA), one of the first few overseas banks to be locally incorporated on the mainland, has passed central bank tests for its debit card operations, making it the first overseas lender to possibly issue its own debit cards. The Hong Kong-based BEA said yesterday its system met safety and technical standards set by the People's Bank of ...

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