Dec. 30 – The National Development and Reform Commission (NDRC), China’s top economic planner, published the 2012 Foreign Investment Industrial Guidance Catalog on Thursday outlining industries in which foreign investments will be encouraged, restricted or completely prohibited.
In the Catalog, effective from January 30, 2012, the NDRC stated China encourages foreign investors in strategic emerging industries, such as energy-saving and environmentally-friendly technologies, next-generation information technology, biotechnology, alternative energy, advanced materials, recycling industries, and alternative-fuel cars. The NDRC added China welcomes foreign capitals in hospitals and financial leasing firms. Continue reading
Dec. 29 – 54 officials, including the former railway minister Liu Zhijun and the ministry’s deputy chief engineer Zhang Shuguang, will be punished for the deadly train crash in July, according to the report released by the State Council Wednesday.
Dec. 27 – Following identical moves adopted by other major cities including Beijing, Guangzhou, Tianjin and Shenzhen, Shanghai is going to require users of Weibo, a twitter-like microblogging service, to register under their real names starting Monday, state media reported.
Dec. 26 – Iron ore exports from India to China are declining sharply, according to statistics by the Indian Ports Association. In an attempt to supply the domestic market, China is likely to search for new sources, Indian media reported.
Dec. 23 – Global diamond market, driven by China and India, will grow more than 6 per cent per year through 2020, more than doubling the expected 2.8 percent annual supply growth, Bain & Company, a management consultancy headquartered in Boston, Massachusetts of the United States, forecasted in its new report released earlier this month. In addition, the firm predicted that by the end of the decade annual production of diamond will hit 175 million carats, surpassing the peak 2007 pre-crisis production levels.
Dec. 22 – The global credit rating agency Moody’s upgraded India’s government bonds from speculative to investment grade on Wednesday, a move that may attract foreign institutional investors (FIIs) to consider investment into the Indian bond market.