Archive for June, 2007

ROK to reduce tariffs on 39 imported products

South Korea announced Thursday it will reduce tariff rates on 39 imported goods from July in a bid to stabilize prices.
In a statement released on the day, the Ministry of Finance and Economy said tariff rates of oil products such as gasoline and diesel, as well as raw materials such as ferronickel, will be included.
“The [...]

China Regrets over US Charges on Steel Pipes

A Chinese trade body said on Thursday the U.S. dumping and subsidy charges filed against Chinese steel pipe products amounted to trade protectionism.
“We hope the U.S. government will deliberate on the sensitive issue, and deny the applications of the U.S. steel pipe makers out of concerns for the long-term development of the sectors in both [...]

Contract Law

(Adopted at the 2nd Plenary Session of the 9th People’s Congress on March 15,1999)
TABLE OF CONTENTSChapter I Basic PrinciplesChapter II ConclusionChapter III ValidityChapter IV PerformanceChapter V Modification & TransferChapter VI Termination of Rights & DutiesChapter VII Liability for Breach of ContractsChapter VIII Other Provisions
Specific Provisions
Chapter IX Sales ContractsChapter X Contracts for the Supply & Use [...]

More foreign companies invest in Shenzhen

A total of 1,229 foreign-funded companies were registered in south China’s Shenzhen city in the first five months of the year, up 12 percent as against the same period of last year.
The new companies, with registered assets of more than one billion U.S. dollars, are expected to invest 1.36 billion U.S. dollars mainly in the [...]

China to take stake in U.S. private equity investor

China is taking a close interest in the IPO about to be launched in the United States by the Blackstone Group, the world’s second largest private equity fund — because a Chinese national investment company is poised to take a stake.
The IPO could turn out to be the largest in the United States in the [...]

China Development Bank approved to issue Renminbi bonds in Hong Kong

China Development Bank said on Monday that it has received approval from the central bank to issue Renminbi bonds in Hong Kong, and that it would be the first mainland bank to offer such bonds.
The bank did not reveal the amount of the bonds it will issue and when.
The Import and Export Bank of China, [...]

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