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//March 23, 2016

China vows to root out soil pollution

China has widened the scope of its anti-pollution efforts to include soil pollution for the first time. A specific plan of action for the prevention and control of soil pollution will come into force during the period of the 13th Five-Year Plan (2016-20), and the nation’s...
Posted On 23 Mar 2016
, By nconsult

Expansion of VAT to real estate & finance in China

China’s ongoing move to replace business tax with value-added tax is expected to expand into three crucial sectors this year — real estate, finance and consumer services. The State Council announced on Friday that the expansion should be completed by May 1st. A pilot...
Posted On 23 Mar 2016
, By nconsult

China’s new nuclear power plant installs key component

A key component of China’s first fourth-generation nuclear energy system was installed in a plant in Shandong Province on Sunday. The pressure vessel of a high-temperature gas-cooled reactor (HTGR) was put in place at the Huaneng Shidao Bay nuclear power plant. The...
Posted On 23 Mar 2016
, By nconsult

Germany to build trade park in Xinjiang

China and Germany are planning a huge trade and logistics park in Urumqi, capital of northwest China’s Xinjiang Uygur Autonomous Region. Urumqi Economic and Technological Development Zone (UETDZ) and the port of Duisburg will build a trade and logistics park close to Urumqi...
Posted On 23 Mar 2016
, By nconsult

China halts short-term insurance products

The China Insurance Regulatory Commission Yuan Xucheng, a director under the China Insurance Regulatory Commission, says the halt aims to improve the country’s insurance industry. “In China, social security coverage is very inadequate. So we should invest more time,...
Posted On 23 Mar 2016
, By nconsult
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