Monthly Archives: April 2013
1. Cover story
2. Economy outlook
3. Financial strategy
4. Legal spotlight
5. Point of interest
7. Remark from editor
Taiwan has geared up for combating H7N9. During his visit to the Central Epidemic Command Center (CECC) for H7N9 influenza today, Taiwanese Premier Jiang Yi-huah said that Taiwan’s health department is geared up to fight the spread of the new bird flu virus. Continue reading
According to the preliminary statistics by MOFCOM, total sales of pharmaceutical circulation industry of China in 2012 reached 1.11 trillion Yuan, over one trillion Yuan for the first time, up by 18% year on year and down by five percentage points in growth rates with incomparable factors excluded. Among that, total retail sales amounted to 222.5 billion Yuan, up by 16% year on year and down by four percentage points. Continue reading
Seminar on China Investment Policy 2013 was held in Hong Kong on April 23. Vice Minister of Commerce Wang Chao delivered a keynote speech.
Mr. Wang said that the Mainland maintains the comprehensive advantages in foreign capital absorption, and the macro-economy in the Mainland has kept steady development, and the momentum of steady recovery will remain, with the quality and efficiency of economic growth to continue to be improved. Meanwhile, the Mainland has great market potential, with well developed supporting industries, and the capabilities of industrial cluster in key areas was further enhanced, with competitiveness in cost of production factors and sufficient supply of human resources, and the overall quality of labor force have been improved gradually. The overall environment for foreign investment in the Mainland has been constantly optimized, and remains to be one of the principal investment destinations for multinational companies. The absorption of cross-border direct investment in the Mainland has maintained steady development since 2013, showing that international investors are still optimistic about the long-term prospects of investment in the Mainland. The Mainland’s foreign capital absorption will maintain steady development in 2013 despite the current uncertainties in external environment. Continue reading
In the presence of Li Keqiang, the Premier of China, and Johanna Sigurdardottir, the Prime Minister of Iceland, Mr. GaoHucheng, Minister of Commerce of the People’s Republic of China, and Mr. ÖssurSkarphéðinsson, Minister for Foreign Affairs and External Trade of Iceland, signed, on behalf of their own government, the Free Trade Agreement between the Government of the People’s Republic of China and the Government of Iceland at the Great Hall of the People in Beijing on April 15. The Agreement is the first FTA China signed with European country, which covers trade in goods and services, and investment. Continue reading
The 4th Hong Kong Games (HKG) grand opening, attended by over 8,500 audience from 18 districts, was held at Siu Sai Wan Sports Ground on April 27.
The ceremony started at 8pm. The Chief Executive, Mr C Y Leung, officiated at the ceremony and announced the official kick-off of the Games. Continue reading
Li Keqiang was appointed Premier of the State Council of the People’s Republic of China (PRC) by the 12th National People’s Congress (NPC) on March 15, 2013. The following is the biographical sketch of Li Keqiang. Continue reading
The price of gold has declined about 20 percent from its peak. Goldman Sachs warned that the retreat in gold was accelerating after the longest rally in nine decades. It has come as a shock to many investors, who imagine that gold is the safest asset. Continue reading