LYCOS RETRIEVER 
China: China Open
built 656 days ago
When China opened up to the world twenty years ago, it was heralded for being a huge market of more than 1.2 billion consumers, attractive to the world’s largest retailers and manufacturers. China has become the world’s factory making products to be sold all over the world. China has become to the 21st Century what England was to the 19th.
Source:
In December 2006, China opened the renminbi market to foreign banks, subject to many requirements. This may ease foreign firms’ access to credit in the future. China has ... encouraged foreign banks to take minority stakes in domestic lenders, which may, over time, lead China’s banks to make more market-driven lending decisions.
Source:
The State Department should explain publicly how it intends to promote human rights in China in the months before the 2008 Beijing Olympic Games, Human Rights Watch said today in a letter to Secretary of State Condoleezza Rice. Human Rights Watch said that President Bush’s accepting of an invitation to the Games’ opening ceremonies ahead of any demonstrated improvement in the human rights climate may be premature.
Source:
The vast majority of foreign investment is concentrated in China's more prosperous coastal areas, including Guangdong, Jiangsu, Fujian, and Shandong provinces, and Shanghai. Foreign investment in most service sectors lags manufacturing, mainly due to government-imposed restrictions. China is committed to gradually phasing out barriers in service industries. FDI in banking surged in 2006, and is expected to continue rising as foreign banks obtain more licenses to operate and conduct local currency business in more cities. Onerous requirements have limited foreign investment in some newly opened service sectors, like education, culture, arts, radio, film, and television broadcasting. New sectors opening to foreign participation include insurance, architecture, engineering, urban planning and retailing of chemical fertilizer.
Source:
Visas are required to transit China. Persons transiting China on the way to and from Mongolia or North Korea or who plan to re-enter from the Hong Kong or Macau Special Administrative Regions should be sure to obtain visas allowing multiple entries. Permits are required to visit Tibet as well as many remote areas not normally open to foreigners. Every foreigner going to Tibet needs to get a travel permit which can be done through local travel agents. Permits cost approximately RMB 100, are single-entry and valid for at most three months. Most areas in Tibet are not open for foreigners except Lhasa City and part of Shan Nan. Foreigners can be fined up to RMB 500, taken into custody, and removed for visiting restricted areas. For information about entry requirements and restricted areas, travelers may consult the Visa Office of the Embassy of China (PRC) at Room 110, 2201 Wisconsin Avenue NW, Washington, DC 20007, or telephone (202) 338-6688 and (202) 588-9760.
Source:
Whitney Houston Live in Celebration of China Open will be held on July 25 and is expected to be a blockbuster success with the Beijing population. The concert is expected to attract over 25,000 fans.
Source:
MORE ABOUT
China Open