BIZCHINA / Weekly Roundup

Overseas banks to deal in renminbi (China Daily) Updated: 2006-10-16 10:06 Name registration for phones China's mobile phone users will have to register using their real names starting next year, according to the Ministry of Information Industry (MII). The new rule will apply not only to new users, but also about 200 million pre-paid cell phone users, said Wang Lijian, dean of MII's News Department. Currently, half of the country's 400 million cell phone users pre-pay for their mobile service provided by China Mobile and China Unicom. And most are not required to register before buying a new phone number. Jobs hurt by EU tariffs The European Union's decision to impose anti-dumping tariffs on imports of Chinese leather shoes is expected to affect 70,000 jobs in China, according to an official at China's Ministry of Commerce. The European Union's 16.5 per cent tariff on China-made shoes, which came into effect on Saturday, would affect Chinese exports worth US$730 million and over 70,000 Chinese jobs, said Lu Jianhua, director of the ministry's foreign trade department. He said the country's footwear exports to the European Union had been affected since the economic bloc began to impose temporary tariffs on Chinese leather shoes in April.   1 2 3 4 (For more biz stories, please visit Industry Updates)

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