CHINA TOPIX

11/22/2024 07:26:43 am

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Chinese economy news

China's Steel Industry.

China to Allow Foreign Firms to set up Steel Manufacturing Plants in 4 Free Trade Zones

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 Factory

Chinese Manufacturers Continue to Struggle amid Low Domestic and Export Demand

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.

Chemical Waste Dumping

Chinese Chemical Company Fined Record Amount, Employees Jailed Over Pollution

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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