Search Results for: China

BY ALAN OSBORN
A POTENTIALLY vast new market for international insurers has been opened up in China following agreement by that country on the terms of its accession to the World Trade Organisation this week. “It will mean that this market, which accounts for more than a sixth of the world’s population and is set to be one of the largest economies in the world, will basically become open for insurers from other countries to set up branches and joint ventures on a steadily growing scale,” says John Cooke, head of international relations at the Association of British Insurers, in the key London insurance market.…

BY KEITH NUTHALL
FOREIGN companies will be able to hold 100 per cent ownership in hotels in China by March 2005, under the trade deal which led to Chinese membership of the World Trade Organisation being approved last week. Until now, international hotel groups have had to work with a Chinese partner in formal joint-ventures, as a condition of being able to trade in China.…

BY KEITH NUTHALL
FURTHER details have been revealed about the concessions that have been made by China in its successful bid to secure membership of the World Trade Organisation.

According to an EU briefing paper, China has promised to remove all of its import quotas for industrial goods, which restrict the amount of cargo that can be imported, by 2005.…

BY ALAN OSBORN
FOLLOWING last week’s (19/9/01) agreement on the terms of China’s accession to the World Trade Organisation, the way has been opened for British and other retailers to set up wholly owned enterprises in the world’s most populous country.…

BY ALAN OSBORN
SIGNIFICANT opportunities for British and other law firms to practise in China have been opened up following agreement by the Chinese government on the terms of its accession to the World Trade Organisation. The European Commission said there was “great demand” for legal services from western firms as China enters international markets on an unrestricted basis for the first time.…

BY KEITH NUTHALL
CHINA is to reserve the right to maintain its state tobacco distribution monopoly under the agreements that it has struck to secure World Trade Organisation membership, which has been approved after 15 years of often intense negotiations.

Tobacco is one of only a limited number of sectors, where China has insisted on maintaining exclusive state trading controls, other industries include cereals, fuels and minerals.…

BY ALAN OSBORN
DETAILS on the agreement reached by China on the terms of its accession to the World Trade Organisation, thereby opening up the world’s potentially largest consumer market to international drinks manufacturers, distributors and retailers, have been revealed in a briefing paper.…

BY KEITH NUTHALL
THE EUROPEAN Commission has asked EU ministers to re-impose for another five years the existing definitive anti-dumping duties on imports of gas-fuelled, non-refillable pocket flint lighters and certain refillable pocket flint lighters, made in China and Taiwan. If approved, the rate of duty shall be set at Euro 0.065.…

BY SWINEETHA DIAS WICKRAMANAYAKE
MEXICO-based Grupo Modelo is launching its flagship brand Corona in India this year, with its international market coordinator for the Asia-Pacific region claiming that the beer will be as successful as it has been in China. Linares Fernando told the Indian press that annual Chinese sales are approaching one million cases.…

BY SWINEETHA DIAS WICKRAMANAYAKE
BEIJING Capital International Airport (BCIA) is holding talks with provincial Chinese airports, with a view to securing stakes in them, which could transform the Hong Kong stock exchange listed company into a key nationwide player. Although Chinese press reports have quoted the company as dismissing rumours that it has struck deals to buy into Xian, Chengdu and Shenyang airports, it has confirmed that investmant talks are underway with their owners.…