Transportation

State Council, Circular on Revising the Capital Ratio of Fixed Asset Investment Projects [Legislation Digest]
国务院关于调整固定资产投资项目资本金比例的通知
Lower start-up capital required for commercial residential property projects.

State Council, Circular on Approval and Transmission of the «National Development and Reform Commission, Opinion on Intensifying the Reform of the Economic System in 2009» [Legislation Digest]
国务院批转发展改革委关于2009年深化经济体制改革工作意见的通知
State Council proposes the levy of environmental tax and property tax.

Cape Town Convention gives hope to China aviation
The Cape Town Convention comes into effect in China on June 1. It will provide a welcome boost to the aviation industry, provided the authorities apply it properly

State Council, Plan for Modifying and Promoting the Equipment Manufacturing Industry [Legislation Digest]
国务院装备制造业调整和振兴规划
Plan to promote equipment manufacturing to cope with the global financial crisis.

Anything but an easy ride for Shanghai
However you define an international financial centre, there are many hurdles ahead for Shanghai

Veolia takes over Hong Kong trams

Stephenson Harwood boosts aviation offering

Circular on Further Improving the Examination and Approval of Foreign Investment [Full Text Translation]
关于进一步改进外商投资审批工作的通知
Acquisition of domestic enterprises in the encouraged or permitted category which transaction amount is less than or equal to US$100 million may be approved by local authorities.

Ministry of Commerce, Circular on Further Improving the Examination and Approval of Foreign Investment [Legislation Digest]
商务部关于进一步改进外商投资审批工作的通知
Approval for foreign investments streamlined further.