China Reforms its Registered Capital System for Companies - Asia Law Portal. The Standing Committee of the National People’s Congress amended the PRC Company Law which amendments came into effect on 1 March 2014.
Most of the amendments relate to the reform of the paid-up registered capital system which aims to simplify the company registration process in the PRC. Further to the above amendments, the Administration of Industry and Commerce (“AIC”) has also amended the PRC Company Registration Management Regulations (“Management Regulations”) as well as other relevant regulations. Some of the salient features of the new changes are highlighted below. System for Contribution of Registered Capital Unless the laws provide otherwise, the requirement of a minimum amount of registered capital for limited liability companies, one person limited liability companies and companies limited by shares is now removed. Investigating Family’s Wealth, China’s Leader Signals a Change. HONG KONG — His son landed contracts to sell equipment to state oil fields and thousands of filling stations across China.
His son’s mother-in-law held stakes in pipelines and natural gas pumps from Sichuan Province in the west to the southern isle of Hainan. And his sister-in-law, working from one of Beijing’s most prestigious office buildings, invested in mines, property and energy projects. In thousands of pages of corporate documents describing these ventures, the name that never appears is his own: Zhou Yongkang, the formidable Chinese Communist Party leader who served as China’s top security official and the de facto boss of its oil industry. But President Xi Jinping has targeted Mr. Zhou in an extraordinary corruption inquiry, a first for a Chinese party leader of Mr.
Even by the cutthroat standards of Chinese politics, it is a bold maneuver. Investigating Family’s Wealth, China’s Leader Signals a Change. Infographic: Tiger, Tiger, Burning Bright. The greatest unsolved mystery in China right now is not the disappearance of Malaysian airliner MH370, but the fate of Zhou Yongkang, the feared former head of China's security apparatus.
From 2007 to 2012 a member of China's top political body, the Politburo Standing Committee, Zhou is now reportedly under investigation for corruption, casting suspicion on hundreds, if not thousands, of his of his allies, subordinates and relatives. If the reports prove true, Zhou is the most important Chinese official to be targeted for corruption since the Chinese Communist Party came to power in 1949. Some have published graphic representations of the web that Zhou allegedly wove. The chart above was first published in China by the popular Chinese web portal Netease on March 5, and has been adapted and translated by ChinaFile and Foreign Policy.
The investigation into Zhou is both extremely important and maddeningly opaque. All images copyright Foreign Policy Group and Asia Society. Plugging China's talent pool. Many are leaving China for reasons like education, food and wealth security and air quality.
China sees 8.5 million mainly middle-class living abroad with less than 10% moving inPaper in China calls exodus "the world's worst brain drain" Hong Kong (CNN) -- "Culture is not the main reason why most Chinese people leave. This is a romantic view. Most people leave China because of practical reasons like education, food and wealth security and air quality.
" This is the view of Li Chen, who moved to Hong Kong from the mainland two years ago. A combination of pragmatism and aspiration led the 32-year-old Masters of Journalism student to leave. Sharing Power With China. CANBERRA, Australia — For 40 years American leadership has kept Asia stable and fostered economic growth, especially in China.
But today China’s growing power is undermining that old order and posing big questions about America’s future role in the region. Those questions loom in the ongoing dispute between China and Japan over a chain of tiny uninhabited islands in the East China Sea that could easily spark an armed clash between the two rivals. Such a conflict would escalate fast, and the United States would have to quickly take action to support Japan militarily against China — or not. Washington remains neutral on who owns the islands, while criticizing China for using displays of force to challenge Japan’s de facto control of them. As Secretary of State John Kerry has said: “The United States, as everybody knows, does not take a position on the ultimate sovereignty of the islands.
There is a third way. Ultimately this norm is more important than any particular alliance. China's Premier Li Keqiang Calls for More Open Government to Fight Corruption - China Real Time Report. ‘Poverty’ explosion a mask for rampant corruption - Beijing Today. How Chinese New Year affected China's mobile habits in 2014. Everything’s getting back to normal in China as the New Year festivities dwindle to a halt.
The daily lives of Chinese people dramatically break from the norm for at least a solid two weeks during the holiday, and how this affects mobile usage can give developers and advertisers key insights into opportunities that only present themselves once per year. Mobile ad company AppFlood provided us with some data to give us an idea of how Chinese people use their Android smartphones differently just before and during the country’s biggest holiday and migratory movement. Between January 16 and February 6 – when the majority of people head home for the holiday – app activity was 51.5 percent higher than average.
AppFlood measures this by the number of clicks on its advertisements. However, AppFlood’s data shows the bulk of app downloads happen prior to January 23 – before the apex of the annual migration hits. Download "The State of Journalism in China" “The State of Journalism in China” looks at how journalists in China work around the Communist Party's efforts to rein in free speech.
International reporters often face surveillance and harassment from the government, but in Paul Mooney's case, his visa renewal request was denied, effectively ending an 18-year career covering the country. Domestic journalists who operate under onerous censorship regulations have developed some creative ways to get around the rules, though these activities can become their own form of self-censorship, writes 2014 Nieman Fellow Yang Xiao.
In some cases, those who run afoul of the government have been arrested and forced to confess to crimes on state-run television. Despite these conditions, reporters are still producing outstanding work in the country. This dual-language ebook has both English and Chinese versions of the text, and is available to download in epub and kindle formats: A note about file types: China and Taiwan in first government talks. Taiwan's services agreement with China triggers concerns. 27 October 2013Last updated at 20:06 ET By Cindy Sui BBC News, Taipei Some Taiwanese businesses fear the agreement with China will hurt their profitability and growth For 40 years, Wu Wei-tung's family has operated a traditional Chinese medicine wholesale and retail business on Taipei's well-known Dihua Street.
The shop is stacked with cans and jars full of herbs, and it employs Mr Wu, his brother and his father. But they fear it may soon have to shut down. That is because a trade agreement, signed between Taiwan and mainland China earlier this year, could see Chinese medicine suppliers selling directly to shops in Taiwan. Right now, businesses such as Mr Wu's import most of their medicine from the mainland. Anxiety Trumps Law in Party’s Crackdown on Activists. Change in the Air for Transparency in China?
Reuters’ Ben Blanchard reports new rules on the handling of state secrets in China.
The regulations forbid officials from abusing the designation to cover up information that should be public, but do not state exactly what that includes. Official opacity is a burning issue on a number of fronts. Although new requirements for disclosure of officials’ assets were announced last month, it remains unclear how much of that data will be made public, and recent trials of transparency activists, apparent punishment of media organizations for probing hidden finances, and reports of massive secret offshore holdings may suggest dim prospects for real openness. On the other hand, substantial progress on environmental transparency offers a more encouraging precedent. The Censorship Pendulum. China kills off discussion on Weibo after internet crackdown. But the findings from the research will be a huge blow to those who hoped that Sina Weibo would weaken the Communist party’s monopoly on information.
The Telegraph asked Professor Qian Weining and researchers at the Institute for Data Science and Engineering of East China Normal University to analyse a sample of 1.6 million Weibo users from the beginning of 2011 to the end of last year. The researchers tracked the number of posts made each day, which gradually swelled to a peak in March 2012 when that group alone made a total of 83.8 million posts. But that was the same month that the Communist party struck its first major blow against Weibo, requiring users to register their real names with the service. From that point, those wishing to criticise the Party had to do so without the comforting blanket of anonymity and users started to rein themselves in.
Inside Chinese Journalism. By Project Pengyou on January 23rd, 2014 833 views China’s media has come a long way since the 1950s, when its main objective was showcasing the country’s progress toward a socialist utopia. Today it’s more savvy and commercial, with journalists doing real investigative work that sometimes challenges the official line. Shadow Banking: China's Wobbly House of Cards. While China’s shadow banking system, which by some estimations may have accounted for nearly 70% of the country’s GDP in 2012, has done much to spur growth in recent years, many have been wondering when this unregulated credit system—the same beast that garnered much of the blame for the 2007 global financial crisis—might prove crippling to China’s economy. Earlier this month, China’s State Council rolled out a new set of rules hoping to mitigate risk in shadow finance.
Yesterday, a major shadow banking default was narrowly avoided thanks to a ”mysterious third party,” but economists are wondering if allowing the default might have served as an essential reality check. CNN reports: When is default a good thing? The Rise of China's Innovation Machine. Middle class begins a Tier-1 exodus - Beijing Today. Middle class begins a Tier-1 exodus - Beijing Today. "Is China the Next Mexico?" by Jorge Guajardo by School of International Relations and Pacific Studies. Epiphanies from Kevin Rudd. The Chinese love to say that their country is a difficult place for outsiders to understand. Kevin Rudd, who has spent a lifetime studying China, agrees.
Rudd, who twice served as Australia's prime minister, started learning Chinese in the 1970s. When he embarked on his political rise, after stints in the Australian Embassy in Beijing and as a China consultant for the accounting firm KPMG, Rudd kept up his Mandarin and his China contacts. According to a U.S. State Department cable released by WikiLeaks, he once described himself as a "brutal realist" when it comes to China. There's a long historical toxicity to the Sino-Japanese relationship. Likening Chinese President Xi Jinping to former Russian President Mikhail Gorbachev and Mao Zedong is the product of lazy Western journalism. The closest analogy is with Deng Xiaoping, China's paramount leader for the 1980s and 1990s.
Epiphanies from Kevin Rudd. For Some Rural Officials, Poverty Pays. Booth Babes Don’t Work. Editor’s Note: This is a guest post by Spencer Chen (@spencerchen), head of marketing and growth at Frontback. Previously led market development for Mixpanel, Appcelerator, Huddle, and a bunch of old-school enterprise companies. This past week Las Vegas played host to the annual CES conference and concurrently, the annual chiding of tech companies by tech press for their time-honored tradition of using booth babes in marketing their wares.
It’s a pretty indefensible practice. The hiring of young, college-aged females to dress as provocatively as possible to help promote…um, Ultra HD TV sets, Android tablets and Internet-enabled toothbrushes. What I learned in my first year as an angel investor in China. Rui Ma is 500 Startups‘ Venture Partner for Greater China with a fondness for edutech. She tweets at @RuiMa. I made one of the best decisions of my entire adult life. In the beginning of 2013, I jumped headfirst into early stage technology investing by joining the hybrid startup accelerator and seed stage fund called 500 Startups as their Greater China venture partner. I’m no stranger to tech companies, investing or China, but being in charge of a massive region including China, Taiwan, and Hong Kong and having to dig deep for quality early stage investments.
I’ve also done fundraising and participated in and organized numerous community events which were, to say the least, challenging. New game in China lets you taser corrupt government officials. A Look Inside China President Xi Jinping’s Office - China Real Time Report. 8 tech trends to watch in China for 2014. The new year is a time for reflection, but it’s also a time for looking forward.
China Bans Officials From Smoking in Public. China Bans Officials From Smoking in Public. Most Mystical Government Replies. Mapping the News in 2013. Boing 474: The Chinese Are Now Knocking Off Our Airplanes. The World of Chinese, 2013 Issue 6: Sex. China's relationship with sex has long been tumultuous and uneasy—from the awkward, icy, conjugal obligation of times past to the hot, sweaty, passionate mess of modern day.
As such, sex is an ever-evolving characteristic of the modern Middle Kingdom, raising questions about the past and future of China’s sexual revolution. Uncomfortable issues about gender, politics, and the law are part and parcel of conversations about sex, and China is no exception. With a history and culture mired in conservatism, issues of sexuality and gender are often forced into moral imperatives. Biden Faces a Delicate Two-Step in Asia. 'The Renminbi Is Failing the Chinese People' American History Through Chinese Eyes. White male privilege, genocide against Native Americans, slavery and subsequent racial oppression, exploitation of immigrants and laborers, repression of women and homosexuals, and environmental destruction — teaching American cultural history through a post-modern lens is hardly the most obvious way to promote positive feelings toward the United States.
LoveRoom Lets You Share Your Home, And Bed, With Strangers. Sometimes the thrill of letting a perfect stranger stay your home just isn’t enough. That’s why an Airbnb with benefits has emerged called LoveRoom, which marries the idea of room/house-sharing with online dating. Word has it that the startup began as a half-baked joke of sorts, and after getting plenty of media attention, founder Josh Bocanegra has decided to stick it out with a live beta. Beijing classifieds, forum, directory, blog, and more. Ambassador Gary Locke Resigns After Two Years. You may never eat street food in China again after watching this video. By Max Fisher October 28, 2013 This still from the below video shows a Chinese restaurant using cooking oil.
China Focuses on an Ethnic Minority in Beijing Car Explosion. Unprecedented Change on the Way, Says Yu Zhengsheng. With the 3rd Plenum of the 18th CCP Congress less than month away, Yu Zhengsheng, the No.4 member of the powerful Politburo Standing Committee, has promised that the meeting will initiate “unprecedented” policy changes to boost economic and social reform. From Wenxin Fan and Nerys Avery at Bloomberg News: Chinese Save 'Defensively' for Milestones. New China H7N9 bird flu cases 'signal potential winter epidemic' Mixed marriages in China a labour of love. Fareed Zakaria: Southeast Asia ponders what is going on in China. 9 Reasons China Will Have Blue Skies. China's Coming Economic Slowdown. Popular 'magic smoke' candy could turn Chinese children on to drugs, experts say. Popular 'magic smoke' candy could turn Chinese children on to drugs, experts say. Authors Accept Censors’ Rules to Sell in China.
Amid Heavy Pollution, Beijing Issues Emergency Rules to Protect Citizens. Academic Suggests an Entrance Test for Beijing's Migrant Workers. Exchange of offices with Beijing a 'political' issue: Ma｜Politics. China sacks mayor of Nanjing city - Xinhua. U.S. helped asylum-seeker Wang tell Beijing about Bo in 2012: Clinton. China Companies Rank Lowest in Survey of Transparency Reporting. How young women in China become mistresses – James Palmer. Timeline: Zhou Yongkang's life and career. Bo Xilai told trial he had orders from the top to deal with Chongqing police chief. Political Staging in Trial of Fallen China Official. Bo Guagua’s Statement. China’s New Leadership Takes Hard Line in Secret Memo.
China business offers big risk, bigger reward - Aug. 12, 2013. Rozlyn Comics: Bollywood’s First Move into Porn Cartoons? (NSFW) Why China Doesn't Produce Disruptive Technologies...Yet. Innovation and Disruption, and Why China Needs the Latter. You’ll never be Chinese. A Briton’s Bitter Farewell to China Echoes Loudly. China’s New Leadership Has Ties to Tiananmen Era. Connected China web application designed for iPad. Winners and losers in China’s next decade. Chinese Startups Need to Get Out of Beijing. No Supper for You! Ai Weiwei Goes Heavy Metal. Chinese State Media: 60% of Consumers Are Starting To Think Apple Sucks. China Names Porn Offenders That Should be Shut Down, Apple’s App Store Included. Chinese Law Proposes Real Name Registration for All Phone and Mobile Networks. Is Foxconn Firing Suicidal Employees? Worker Claims He Was Fired Over Suicide Misunderstanding. Tencent's WeChat Has 40 Million Overseas Users.
China’s Youth: Do They Dare to Care about Politics? Case of Suspended Editor Draws Interest Online. .: Press Freedom Violations in China :. Rebecca Novick: Why Is Beijing Leaking the Revolution? Xi Jinping Imposes Austerity Measures on China’s Elite. What Chinese Want Eight Years Ago. How the Great Firewall of China Works [INFOGRAPHIC] 6 Chinese Social Sites Will Turn Off the Lights Tomorrow for 'Earth Hour' EFF, others to Microsoft: Who's requesting our Skype data? 1,168 keywords Skype uses to censor, monitor its Chinese users. Douban User Accounts Hacked, Used to Inflate Rating of Runaway Woman.
Chinese Teen Murders His Parents So He Can Play Web Games in Peace. China's Top Online Advertising Platforms in 2012. An Experiment in HTML5 Gaming Inside WeChat. China's M-Commerce Shopping Spree to Hit $27.1 Billion in 2014, Surpassing US Mobile Shoppers (Infographic) Kaifu Lee: Check Out My Chart of How Often I Get Censored by Sina Weibo. Wang Xiaofang Explains How to Survive Life as a Chinese Bureaucrat - China Real Time Report. Why Asia Is More Innovative Than Silicon Valley.