Monthly Archives: April 2015

Cover of April 2015

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Table of Contents of April 2015

  1. Cover story

Asian Infrastructure Investment Bank

  1. Economy outlook

Fujian FTZ plan to boost cross-strait cooperation

  1. Financial strategy

China’s focus of electronic commerce in 2015

  1. Legal spotlight

FTZ foreign investment negative list

  1. Point of interest

2015 CAEXPO Tourism Exhibition

  1. Portrait

Emerging leader of AIIB

  1. Remark from editor

The fight between Baidu and Putian

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Asian Infrastructure Investment Bank

The Asian Infrastructure Investment Bank (AIIB) is a multilateral development bank (MDB) conceived for the 21st century. Through a participatory process, its founding members are developing its core philosophy, principles, policies, value system and operating platform. The Bank’s foundation is built on the lessons of experience of existing MDBs and the private sector. Its modus operandi will be lean, clean and green: lean, with a small efficient management team and highly skilled staff; clean, an ethical organization with zero tolerance for corruption; and green, an institution built on respect for the environment. The AIIB will put in place strong policies on governance, accountability, financial, procurement and environmental and social frameworks. Continue reading

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Fujian FTZ plan to boost cross-strait cooperation

An overall plan for the China (Fujian) Pilot Free Trade Zone was issued by the Chinese State Council on April 20, focusing on cross-Strait economic cooperation.
The Fujian free trade zone will serve as a key zone to prepare for further institutional innovation and is a core area for building the 21st Century Maritime Silk Road, according to the plan.
The FTZ, covering a total area of 118.04 square km, will include industrial areas in the provincial capital of Fuzhou, the city of Xiamen, and Pingtan, a new industrial park targeting cross-Strait investment. Continue reading

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China’s focus of electronic commerce in 2015

On April 3, 2015, the General Office of Chinese Ministry of Commerce issued the Work Focus of Electronic Business in 2015 (No. 116, 2015, hereinafter referred to as the Work Focus), which points out that, the work of electronic business in 2015 should actively adapt to the new normal of economic development, implement the work deployment of the Work Report of the Government, carry out the action plan of “Internet +”, comprehensively boost the application of information technology with internet as the core to commodity circulation and foreign trade, play the important role of electronic business in expanding markets, promoting consumption, bolstering employment and stabilizing growth, promoting the transformation and upgrading of economy, the entrepreneurship and innovation, and construct a unified and open market system of electronic business with order competition. Continue reading

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FTZ foreign investment negative list

A foreign investment negative list concerning free trade zones in Shanghai and Tianjin municipalities, and Guangdong and Fujian provinces, was issued by the Chinese State Council on April 20.
The list contains 119 types of foreign investment projects in 49 areas that will not fall under the scope of national treatment and require special management. It also contains three areas of restrictions that apply to foreign investment in various types of businesses. Continue reading

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2015 CAEXPO Tourism Exhibition

The 2015 China-ASEAN Expo (CAEXPO) Tourism Exhibition, jointly organized by China National Tourism Administration (CNTA) and the People’s Government of Guangxi Zhuang Autonomous Region, is scheduled to be staged in Guilin, Guangxi, from May 29 to 31, 2015. It’s expected to attract around 800 companies and over 300 overseas buyers in addition to visitors from nearly 50 countries and regions. Continue reading

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