Chinese economy news
China to Allow Foreign Firms to set up Steel Manufacturing Plants in 4 Free Trade Zones
Girish Shetti | | Jul 19, 2016 04:02 PM EDT |
The Chinese government plans to allow foreign companies to set up wholly-owned steel manufacturing plants in four free trade zones (FTZ), according to a circular issued by the State Council.
Chinese Manufacturers Continue to Struggle amid Low Domestic and Export Demand
Benjie Batanes | | Jun 01, 2015 02:22 PM EDT |
Chinese Manufacturers did slightly better in May but demand from domestic and foreign market continues to remain low despite government attempts of financial stimulus according to Yahoo News.
Chinese Chemical Company Fined Record Amount, Employees Jailed Over Pollution
Benjie Batanes | | May 28, 2015 02:07 PM EDT |
A court in Eastern China has sentenced several employees of a chemical company including its contractors to jail and imposed a fine of ¥75 million (around $12 million) for illegal disposal of its waste water, as reported by AP.
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