Asia Economy news, Markets and Business Trends - Made-in-China.com

China's Maritime Economy Expands by 8 Pct Annually

Dec 31, 2015

A government report shows the total production value of China's maritime industry grew by an average of 8.4 percent annually from 2011 to 2014. Daily desalination capacity increased by over 330-thousand tons and the annual growth rate of ...

Tags: Maritime Economy

China Trims Q3 Current Account Surplus

Dec 31, 2015

China on Wednesday lowered its current account surplus for the third quarter and revised its estimate for the capital and financial account from a deficit to a surplus. The third-quarter surplus under the current account was cut to 60.3 ...

Tags: Q3 Current Account Surplus

Deutsche Bank Sells 20% Hua Xia Stake

Dec 31, 2015

Germany's biggest lender, Deutsche Bank, has agreed to sell its nearly 20-percent stake in Chinese bank Hua Xia for around 3.3 billion U.S. dollars to PICC Property and Casualty Company. The sale still has to be given the ...

Tags: Deutsche Bank, Hua Xia Stake

IMF Raises Alarm Over Djibouti's Public Debt, Budgetary Deficit

Dec 31, 2015

The International Monetary Fund (IMF) on Tuesday raised alarm of Djibouti's continuing public debt and budgetary deficit. "Expenses relating to public investments have exerted considerable pressure on the budget and external debt," IMF ...

Tags: IMF, Public Debt, Budgetary Deficit

Levp Announces Sino-Us Coproduction with Eye on Domestic Video Market Share

Dec 31, 2015

Le Vision Pictures, an affiliate of LeTV, is planning to seize a piece of China's video market. The company says it will release 20 of its own movies, 13 Sino-US coproduction films, and 30 Internet dramas in 2016. Meanwhile, Le Vision ...

Tags: Levp, Domestic Video Market

Six-Company Foreign Consortium Wins Bid for Implementing Sez in Myanmar

Dec 31, 2015

Myanmar authorities announced Wednesday that a consortium of six foreign group companies, led by China's CITIC, has won the bid for implementing two projects of the country's newly planned special economic zone (SEZ) in Kyaukphyu, western ...

Tags: Six-Company, Implementing SEZ

Foreign Visitors Can Claim Tax Refunds in Chengdu

Dec 31, 2015

Overseas visitors will be able to claim tax refunds on departure from China in the southwest city of Chengdu. The new policy will take effect from New Year's Day. Visitors can also get their tax refunded in 33 shopping malls in the ...

Tags: Chengdu, Foreign Visitors, Tax Refunds

Macao's Per Capita Income Reaches 611,999 Patacas in 2014

Dec 31, 2015

Macao's Gross National Income (GNI) at current prices amounted to 380.23 billion patacas (about 47.63 billion U.S. dollars) in 2014, up 6.7 percent year-on-year in real terms, the region's Statistics and Census Service(DSEC) said in a press ...

Tags: Per Capita Income, Macao

China External Debt at 1.53 Trillion Usd by September

Dec 31, 2015

China's outstanding foreign debt settled at 1.53 trillion U.S. dollars by the end of September, data from the country's forex regulator showed on Wednesday. Most of the debt owed to foreign creditors resulted from short-term borrowing, as ...

Tags: External Debt

China Central Bank Details Rules on Online Payment

Dec 29, 2015

China's central bank released detailed regulations of online payment services by non-bank institutions on Monday in the latest effort to contain possible risks in the booming Internet finance industry. The new rules require real-name ...

Tags: China Central Bank, Online Payment

China, Finland Agree Tech Fund

Dec 29, 2015

China and Finland have set up a fund that will pool money from Chinese and Finnish enterprises to invest in innovative startups and joint tech projects. The 40-million-euro fund, agreed at a forum in Beijing technology hub Zhongguancun on ...

Tags: Tech Fund

China to Improve Telecom Services in Rural, Remote Areas

Dec 29, 2015

The State Council, China's Cabinet, on Wednesday decided to improve broadband in rural and remote areas. Stronger telecom services will help attract investment and fuel coordinated development, narrowing the gap between urban and rural ...

Tags: Telecom Services, Remote Areas

VAT Reform Covers All Industries in 2016

Dec 29, 2015

China's value-added tax reform is expected to be implemented across all industries next year. Business taxes in four sectors - finance, construction, property and consumer services - will be replaced by VAT. Business tax refers to a ...

Tags: VAT

China to Renovate 6 Mln Run-down Houses in 2016

Dec 29, 2015

China is set to stop construction of public rental houses and renovate 6 million run-down urban houses in 2016. The program is a crucial way of providing low-income urban residents with affordable housing. Minister of Housing and ...

Tags: Renovate, Run-down Houses

VTMs Allowed for Opening Personal Bank Accounts

Dec 28, 2015

China's central bank is allowing individuals to set up bank accounts via video teller machines and the Internet. The People's Bank of China issued a note saying banks can use multiple ways to verifying applicants. In addition to going ...

Tags: VTMs, Personal Bank Accounts