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 China opens up more of its economy to foreign companies Alerter l'administrateur Recommander à un ami Lien de l'article 

The Chinese government announced late Thursday that it will loosen or remove restrictions in various industries, including railways, shipping and power grids. Some of the changes had been announced previously, such as in the automobile and financial sectors. But one advocacy group for US businesses in China described the latest measures as "positive."To get more economy news, you can visit shine news official website. "Removing some investment barriers in the railway, shipping, and power sectors ... shows that China is attempting to show it is indeed opening up," said William Zarit, chairman of the American Chamber of Commerce in China. Beijing has long been criticized for shutting companies from other countries out of large swathes of its economy. Chinese leaders insist they are committed to gradually opening the economy at a suitable pace. Limited market access has been among the complaints leveled against China by the Trump administration during the escalating trade clash between the two countries. But Beijing's latest moves shouldn't be read as a direct reaction to US demands, analysts say. "I think they would very much like it to be seen as China opening up to the rest of the whole world rather than something that is done to assuage the Trump team," said Louis Kuijs, head of Asia Economics at research firm Oxford Economics. China flagged earlier this year that it planned to trim its list of industries where foreign investment is restricted by the end of June. Despite the changes announced this week, which will take effect July 28, Beijing will maintain tight restrictions on foreign involvement in dozens of sectors, including the media, internet and agriculture. Foreign companies also complain that they face a range of other challenges operating in China, such as inconsistent application of regulations and favoritism toward domestic companies. China's announcement comes shortly after the Trump administration said it had decided against imposing outright limits on Chinese investment in the United States. The White House signaled last month that it would adopt restrictions on Chinese investment in "industrially significant technology" as part of its response to alleged Chinese theft of American intellectual property. But administration officials said on Wednesday that they will rely on Congress to strengthen an existing government body that evaluates individual corporate deals for national security risks. The Chinese government has said it is closely monitoring the developments in Washington and assessing the potential impact on Chinese companies. Zarit of the American Chamber of Commerce said China should take more steps to open its economy. Such moves would "help to defuse trade frictions with open market-based economies that feel China continues to take advantage of their openness while keeping its own markets relatively closed," he said.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 06-07-2018 à 08h37

 China housing market is cooling Alerter l'administrateur Recommander à un ami Lien de l'article 

In December 2017, the average price of new houses in China's 70 cities rose by 5.3% y-o-y. To get more china housing price, you can visit shine news official website. This was a sharp slowdown from December 2016's 12.4% y-o-y price growth, based on figures from the National Bureau of Statistics of China. Clearly, tighter government measures in late 2016 have dampened the housing market.
New home prices rose in 57 out of 70 cities. House prices in cities of less-developed provinces actually had the biggest price gains, rather than 1st tier cities, suggesting that the prime cities are cooling first, followed by the provinces. In December 2017, Beijing saw no price change in prices of first-hand properties from the previous month, while Shanghai saw a meagre 0.2% growth m-o-m. Guangzhou and Shenzhen saw price drops of 0.3% m-o-m and 0.2% m-o-m, respectively. In contrast, Yunnan province's capital, Kunming, had a 2.6% m-o-m growth in December 2017, followed by Haikou (2.2% m-o-m) in Hainan province, Luzhou (2% m-o-m) in Sichuan province, and Dali (1.5% m-o-m) in Yunnan province. In Shanghai, the second-hand house price index slightly fell by 0.2% (-1.92% inflation-adjusted) during the year to November 2017, after a 26.87% price increase y-o-y to November last year (24.02% inflation-adjusted), based on figures from Ehomeday. In Beijing, prices of new homes (including public housing) slightly dropped by 0.9% to CNY 37,800 (US$ 6,024) per sq. m.
 during the year to December 2017, according to the Beijing Municipal Commission of Housing and Urban-Rural Development. In Guangzhou, the average sales price of residential units fell by 3.6% y-o-y in Q3 2017 to CNY 19,713 (US$ 3,079) per sq. m., according to the figures from the Guangzhou Municipal Land Resources and Housing Administrative Bureau. However the average sales price of housing units in downtown areas rose by 11% y-o-y to CNY 37,917 (US$ 5922), while suburban area housing also went up by 9.7% y-o-y to an average of CNY 16,139 (US$ 2,520) per sq. m. Foreigners who have worked or studied in China for at least a year are allowed to buy a home.
Foreigners go through supervision procedures which last about a week, before they are allowed to buy properties in designated areas. Foreigners cannot be landlords. Property ownership for investment by foreign companies and individuals is prohibited. Chinese living overseas and residents of Hong Kong and Macau are exempt from these restrictions. There is no private ownership of land in China. One can only obtain rights to use land. A land lease of up to 70 years is usually granted for residential purposes.

  Aucun commentaire | Ecrire un nouveau commentaire Posté le 06-07-2018 à 08h47


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  Blog créé le 01-06-2018 à 07h20 | Mis à jour le 18-09-2018 à 11h48 | Note : Pas de note