USA China Law BlogYour source for insight into the Chinese Business Market.China revises foreign exchange rules- August 7, 2008 China issued revised regulations on the management of foreign exchange on Wednesday night that provide heavy penalties for improper currency transfer and conversion, among other moves. The revised regulations took effect immediately. They are intended as a response to the swift growth in the country&8217;s foreign reserves, which have soared to $1.8 trillion, and rising cross-border ...http://www.usachinalaw.com/blog/2008/08/07/china-revises-foreign-exchange-rules/ Spaceman Yang to launch torch relay in Beijing- August 6, 2008 Yang Liwei, China&8217;s first astronaut, will run the opening leg of the Olympic torch relay in Beijing, which starts at 8 am today at the Meridian Gate of the Forbidden City. Basketball star Yao Ming, who some media said would run the first leg, will be the ninth torchbearer. &8220;Yang helped China realize its dream to travel ...http://www.usachinalaw.com/blog/2008/08/06/spaceman-yang-to-launch-torch-relay-in-beijing/ Olympic organizers confident of worry-free Games- August 4, 2008 BEIJING &8212; A Beijing Olympics official said Monday that the organizers are confident and capable of holding worry-free Olympic Games. Sun Weide, a media official with the Beijing Organizing Committee of the 29th Olympic Games (BOCOG), said at a press conference that the Chinese government and the BOCOG have paid great attention to the security of ...http://www.usachinalaw.com/blog/2008/08/04/olympic-organizers-confident-of-worry-free-game... Chinese Students on American Life- August 4, 2008 The USA China Law Group is affiliated with a Foundation which seeks to promote cultural awareness and economic ties with China. In light of these objectives, the Foundation has given grants to Chinese students wishing to pursue an education in the United States. I had a chance to interview two of the grant recipients: Sheng ...http://www.usachinalaw.com/blog/2008/08/04/chinese-students-on-american-life/ Beijings huge efforts hard to please all- August 2, 2008 &8220;I sweated a lot and people were staring at me, thinking I&8217;m a crazy foreign guy,&8221; Linnell said, joyfully recalling his half-hour adventure on Thursday and laughing. To Australian journalist Garry Linnell, covering the Olympics in Beijing is &8220;a lot of fun&8221;. Dining &8220;strange&8221; food at noisy local restaurants, playing ping pong with the Chinese in ...http://www.usachinalaw.com/blog/2008/08/02/beijings-huge-efforts-hard-to-please-all/ |